Thec implementation. Reporter they absolutely nailed it with this second time frame of legislation on taxes to the president s desk by christmas. There had been a couple different scenarios though over the last week as to when the president would actually sign the bill, and one of those options was that he might wait until january, until the Congress Gets back here, and that they would have some sort of celebration to start the year off with a bang. As we saw within the last hour inside the oval office. He explained it by saying he wanted to keep that promise of tax legs signed by christmas. Tax legislation signed by christmas. I am keeping my promise, i am signing it before christmas. I said that the bill would be on my desk before christmas, and you are holding me literally to that. So we did a rush job today. Its not fancy. Reporter now, over the last couple of days or so the president has touted the handful or so of major corporations that have said they will now, because of this
Hill ceremony honoring former senator bob dole. He is about to receive the congressional gold medal, the top honor congress can bestow. He was the only president ial candidate to endorse President Trump. And the president will be there when the president speaks live. We came within five points of seeing a 300point gain for the dow. Up 287. The climb today has been since the opening bell, steady but steep as the dow is about to make another mt. Everest peak in the final hour. We stand at 26,082 points, taking another step. The second one closing above 26,000 following yesterdays crushing 383point swing. Remember yesterday it crossed the milestone level, jumped up when the bell opened and fizzled out. If it happens today, it will be only eight days since the last time we saw a thousand point gain. That makes it the shortest stretch ever between the milestones. The previous record between thousand point moves was 23 trading days. While the dow is propelled higher on stronger than expected
Down, yields go up, conversely, yields go down, prices go up, not to the degree. Not helping stocks to the degree you would think, at a time paul ryan trying to assure people theyre on top of the debt, on top of eventually a daca deal that should make nancy pelosi happy. A twoyear budget arrangement senate came up with that should be welcomed by all. Were in a bizarre kind of world, whether that passes or not, it could be daming to investors, if it were to fall through, analogous to the failure of tarp funding back in fall of 2008, that produced 777 point falloff in the dow, even though both sides regrouped, you would still see in the approval of a followup tarp deal, the dow fall another 6,000 points . We dont know whether youre damned if you do, damned if you dont on budget deal, whether you fall off if approved here or not but a catalyst could be or excuse could be failure to reach such an treatment, there are several house conservatives several we talk to next document hours are le
Lynch. Thats a mouthful, they are under the same umbrella. Talking about the money pouring into the market. Individual money in the latest week, a record 33. 2 billion in the stockbased funds. That is through wednesday. I guess they do it that way. To put that in perspective, stepping back, 278 billion for all of 2017. If you were to maintain that pace and it were to continue to go at that frenetic pace, the gist of the merrill report is things would be looking frothy. Now theyve been saying that for many years, you could go back to a few years into the bull market that celebrates its nineyear anniversary in march. But among some of the things out there, and a big disappointment for me was starbucks. They were very high at holiday sales and a lot of that had to do with dismissing the pumpkin latte. [ laughter ] moving the peppermint latte to the front of the line, and i warned the baristas here, locally, i said youre giving up the cash cow, they said what do you want . And that was it.
This calendar year. 27 of the s p 500s gains many this year alone 2018 come from amazon and it touched 1500 dollars share right now 1496 were also talking that truly remarkable emotional event at the white house where President Trump listened to people directly impacted by School Shootings and hes responding with his actual policy this morning. Well get into that as well and the president will be holding another event at the 11 30 eastern discussing School Safety state and local officials. Well, of course, take you there live. As always a jampacked three hours for you Varney Company about to begin. Because my daughter had no voice. She was murdered last week and she was taken from us. Shot nine times on the third floor. We as a country failed or children. This shouldnt happen. We protect airports, we protect concerts, stadiums, embassies, the department of education that i walked in today that has a Security Guard in the elevator. How do you think that makes me feel . In the elevator t