Well talk about that coming up. Speaking of taxes, coca cola ceo tells cnbc what he would do with a Corporate Tax cut well have all of those details coming up. Then theres best buy, its sitting out the rally today. Down pretty sharply. In fact, its off the lows right now. Less than 4 decline is the iphone to blame, iphone x to blame we have a debate on best buy coming up here. We begin, though, with the breaking news. Stocks hitting session highs as the house passes the tax bill. Ylan mui, our intrepid reporter on capitol hill has the latest for us right now ylan reporter bill, that final tally is 227205, that is a comfortable margin of victory for republicans. They said they were going to get this done by thanksgiving. No one really believed them. They were able to pull it off. Republican leadership held a press conference to celebrate. From the very start, we said that failure is not an option and the president and his team have worked so constructively every step of the way with us.
Were going to tell you about the new drug trial results weighing on that company today. Guess how it went. Well, it went well for someone else yeah. Exactly. Box office blues Movie Theater stocks are getting crushed again today. Six superheroes cant even save those shares being very opaque here but well explain coming up in a little bit. First, breaking news, just this afternoon on fed chair janet yellen, our dom chu has more on the story. All right, so guys, Federal Reserve chairman janet yellen will be leaving the fed completely in february and this is what some fed observers say is no real surprise. Fed chair yellens term as chairman expires in february we know this and President Trump has already made his pick to be the next fed head thats current fed governor Jerome Powell, of course, pending confirmation by the senate there had been some speculation around the notion, perhaps, yellen would maintain a presence on the fed board of governors since her term adds a governor of the cen
Government run health care on the march. Media reaction to this. Trump was on the ballot and he lost. Okay, the president is making headlines of his own in asia, hes issued a strong warning to north korea. Dont underestimate us he says because that would be a fatal miscalculation. The president is now in china, a red carpet welcome and public ceremonies, privately meeting with xi jinping. No retreat for the market this morning even though theres a report that the senate will consider delaying the tax cut for businesses. Modest declines for stocks, thats it. Yes, lets not forget, please, it is one year since donald trump won that stunning election victory. In 12 months the market is at 5. 4 trillion to the value of oil stocks and the dow has hit 58 records. The New York Times paul, remember, dead wrong, Varney Company going to got it righe oneyear Anniversary Show is about to begin. Stuart june 16, 2016 donald trump staged president ial announcement descending after escalator in trump t
Highs. Yesterday the ftse100 hit record highs. This is how shares are trading across europe right now. Well talk you through the winners and the losers. How to avoid dodgy digs and Rogue Landlords. We will get the inside track on a site that lists 8,000 beds in 400 cities and theyre all for students. Has the laptop ban on planes affected you 7 for students. Has the laptop ban on planes affected you . Has it changed where and how you fly . We will talk about it on the programme today. So let us know your thoughts. Just use the hashtag, bbc Business Live the hello and welcome to Business Live. Today eu and us officials are meeting to discuss a potential extension of the laptop ban on aircraft. In march, the Trump Administration imposed new restrictions which prevent us bound travellers from carrying Electronic Devices larger than a mobile phone into the cabin. The original set of restrictions affected flights from eight mostly countries including turkey, egypt, the United Arab Emirates a
Wait until you hear what jack ma sells on his site to make in the usa. Mark fields of ford. Did trump beat up on true red, white blue, ford a week afford abandoned plans to open as Assembly Line in mexico. We would ask mark fields what would henry ford think of trumps twitter shaming the Auto Industry. You have to hear what he said. It is important. Were still on dow 20,000 watch. Nasdaq is grabbing headlines in the final hour. Tech and health care driving nasdaq to another record high. Will we see three in a row with the nasdaq. Less than an hour until the closing bell. Start the countdown. Liz how long am i destined to drag this dow 20,000 hat everywhere i go, waiting for the moment the bluechips reach the peak. I cant show it raising the hot, that is very bad juju. Theyre superstitious at the nyse. After friday coming tantalizing close to dow 20,000. Were now flirting at session lows. The dow down 5points. Despite a handful of companies boeing on the shopping spree down 57 points. Y