Now people are suggesting because of the weirdo incidents, cramer called them morons the vix is leading the market because people are selling to pay for positions they were in over their head on. Wouldnt be the first time the tail wags the dog. Is it the tail or the dog the answer is yes. Guys, take it away. Have a good couple hours. Thank you this is the closing bell, everybody. The final hour of trade has everybody focused on whether were going to go back and retest the lows weve seen this week. We have sort of, but is it enough thats the question. Is is it enough for the market another big selloff. The dow was down nearly 700 points at the lows midday, but we are well off those lows right now but that could change. Stick around as bill mentioned, we have higher Interest Rates. That could be one factor sparking selling another thing to keep an eye on, the u. S. Dollar hit a twoweek high earlier in the session before it gave background. Right now we have Team Coverage of this decline
Off the coast of taiwan. Rescue crews are searching the rubble for missing people. All that. Theres your highlight. And all that matters. Three, two, one. Spacex made history with the first test flight of the worlds most powerful rocket. Whoo go baby go on cbs this morning. Theres no crew on board. Only one special payload. A tesla roadster which elon musk says will go deep into space. We think its a dummy sitting in the drivers seat, either that or a very underpaid intern. D this mornings eye opener is presented by toyota. Lets go places. Welcome to cbs this morning. Gayle likes the intern car. Weve all been interns. That. Ill do that. Does somebody have a claim check . The u. S. Says it will unveil its toughest and most aggressive sanctions ever against north korea. The could dampen hopes the two sides could meet at the Winter Olympics. Vice president mike pence discussed the sanctions this sayi morning without saying what they. Ill be. He spoke in tokyo after mee to japanss prime mi
Play by the rules. Dont steal our intellectual property. And then answered questions on taxes. Reform is as important as tax cuts. First to do it since reagan. Bonuses. Now its who will give the most. Repatriation. Very happy to see apple invest 350 billion in america. Overall, our president promoted america forcefully. As to what he brought to the table as president , making money, he said. Im good at it. Peculiar now disappointment this morning in the economy on the october through december period, it is growing at an annual rate of just 2. 6 . Not as strong as weve been hoping for. Yes, it could be revised later but thats a disappointing number. No complaints from investors. Stocks will open higher again this morning. We should be up about 26,400. The dow rally. I should say the trump rally has now added 8. 4 trillion to the value of all stocks. We do have two political headlines. The white house immigration plan spends 25 billion building a wall and allows 1. 8 million illegals a p
Wings Restaurant Franchise owner, saying his company is benefiting. A lot of anticipation over not just what President Trump will say tonight, but his tone and how he delivers the message. Always interesting. The conversation is about tone rather than content. I think that cob tent. This capitol hill is an ant hill of security, i fully expect he will talk about infrastructure, immigration, trade and future for trade. I am confident he will talk about tax policies, what is already happening across america and the low Unemployment Rate and the number of jobs creates, this is a positive time. Charles we should remind audience, there were two times that President Trump had a chance to speak to American Public that were amazing and market reacted positively, the night he won, he was gracious in his accept an, and then february 28, a joint session of congress. Everyone that night has talked about tone he walked in, not like he was a tweet, but he was president ial and laying out his vision f
About that, and how far up the ladder does the corruption at the Justice Department go . Does it reach barack obama . Also a new budget is in place including more than a trillion dollars in defense spending over the next two years, is that enough retired four star general jack keane joins me live plus a week for stock prices on wall street whats behind all this volatility . What does it mean for you as we look ahead right now on sunday morning futures. And we kick it off now with the abuse of power at the top of the fbi, dualing memos, dividing washington this weekend as the white house declines the request to release a democrat being counter memo to a gop document alleging surveillance abuse at the fbi and department of justice. The republican lawmaker behind the initial memo is setting his sights on the state department as part of his Ongoing Investigation of corruption in our top law enforce. Agencies continues. That lawmaker joins me right now House Intel Committee chairman devon n