Away. We have to return to frankfurt because jfk wont accept us today. The airport still reeling from the years first major snow storm, but coming up a welcome warm up. And turbulent trip. The massive cruise ship battered by this weeks ferocious storm. Terrified. They were all crying. People had life vests on. Pool water spilling over. Staircases soaked. Passengers demanding answers. What the Ships Company is saying this morning. And the Big College Football showdown. Georgia and alabama ready to go head to head with master and apprentice and the young quarterbacks eyes victory. Gma live at the stadium this morning. Good sunday morning, everyone. We hope youre inside someplace warm and safe. We say happy sunday to you. President trump is at camp david this weekend. On saturday we saw a rare and wide ranging exchange between him and reporters. Trump defending his mental stability, Standing Firm on his border wall and even opening the door with the leader of north korea for talks who he
7. 2trillion. Thats how much the value of all stocks has gone up since the election of donald j. Trump. Thats why we call it the trump rally. We are already seeing more gains from the Big Tech Companies closing at record highs last friday. The big five are going to open mostly higher again this monday morning. Pay very close attention to amazon. The super cold weather for the last two weeks has surely helped them. Who wants to go outside in subzero temperatures . It was minus 13 at my farm yesterday. That has helped founder jeff bezos to increase his fortune. Hes now worth 103 billion. A half hour from now, no sell off. The dow closed friday just shy of 25,300. Well stay right around this level when the opening bell rings. Monday, january the 8th, Varney Company is about to begin. More fire at trump tower in new york city. Ashley well, fire and furry, and it had nothing to do with a book. Apparently its a electrical fire on the cooling tower. As you can see from this video. It was firs
Doubling down on his insistence any immigration bill has to include funding for border wall. This as key members of congress unveiling their bill on immigration. What is in, what is out. We have details. Parts of california scorched by wildfires, now they are dealing with the deadly mudslides that follow. An update on the search for survivors amid the devastation that has been left behind. Among our guests this hour. We have charlie hurt, columnist at Washington Times, wall street journal Columnist Bill mcgurn, judge Andrew Napolitano, famed reagan economist, art laffer. Cheryl back to the markets. We have Nicole Petallides on floor of new york stock exchange. Boeing had been on stronger points of the day. What happened . Big picture here we hit highs, basically constantly, yesterday once again, dow, nasdaq, s p, there was a lot of focus on china, coal out of china, that they were slowing purchases of u. S. Treasurys. Treasury yields were on the rise. Banks helped keep us afloat. The b
Meltup as a result. Get the wall street journal editorial board, mary ogrady, Charlie Gasparino, independent womens forum. Patrice. Patrice what do you make of the backup in rates, does it worry you . It worries me slightly. It is important to keep rates down and were doing very well. If the rates are driven about china potentially pulling market we borrowed from them, that is a case for worry. We have such a high market and taught economy right now it is something to keep on our radar. Neil mary, we explained china is thinking about halting additional treasury purposes. I dont think they have been making a lot of new ones. I could be wrong. Japan said much the same. Should we be worried . Im not wore i had at all about the 10year. Neil it is still very low. Not only that were hoping to get back to a normal yield curve. Longer term bond should have higher yields and this very flat yield curve, i dont think was good for the economy. You know, if we were talking about an inverted yield c
First breaking news on how the tax plan will impact you ylan mui is live on capitol hill. Reporter treasury secretary Steven Mnuchin spoke moments ago about the administrations first step in turning the tax law into reality. Treasury department and the irs have just issued new guidance it to employers, telling them how much money to withhold from their paycheck under the new tax law. The irs will be releasing a new withholding calculator that will be vail on irs. Gov by the end of february. This will help provide individuals with certainty, so that they are neither overwithheld or underwithheld and can plan financial decisions. Reporter democrats have criticized the rollout of this process, saying that many people could actually end up paying too little in taxes. Secretary mnuchin said that claim is ridiculous, and that this process has not been politicized. Now, the white house is celebrating todays guidance as a win that will put more money in it workers paychecks but the same time t