Risk to growth, goldman warning this morning that a further spreading of the virus or widespreading of it could completely wipe out corporate growth this year. On the sidelines why Toll Brothers ceo tells jim the next few weeks are critical for the Housing Market so the number to watch is going to be 361 today. If the dow falls by that amountiamount the blue chips will hit correction territory last night at the president s News Conference about containing the virus, eamon javers asked if Financial Markets are overreacting heres how the president responded. I think the Financial Markets are very upset when they look at the democrat candidates standing on that stage making fools out of themselves and they say if we ever have a president like this. Did it have to do with the coronavirus . I think it did, i think it did. But i think you can add quite a bit of selloff to what theyre seeing. How much of that explains today, jim i think that the most overshadowing thing is what happened right
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.
Video content distribution have a competitive concern make at t less inclined to pursue joint ventures or future any kind of future ventures with content companies on mobile . I would suggest to you that this lawsuit has the whole world questioning what they will, can, and cannot do. This throws a huge degree of uncertainty to anybody contemplating joint eternities, anybody contemplating. And thats one of the key concerns about this is to take suddenly without any notice and just upturn 50 years of precedent on a transaction like this could have nothing but a freezing effect on commerce in general. So i think that is the significance of this lawsuit thats been draught brought by the department of jut of. So with that, again, we appreciate everybody participating and joining us and thank you, again. Good evening im charles payne. Breaking tonight, at t fighting back. This after the department of justice announced that it will sue to stop the at t merger with time warner from going throu
Dow, it will be an eight straight month of gains for the dow and s p 500. Strugglest for the Technology Sector once again. Lets look at what happened overnight in asia. You will see that the nikkei ended up by close to 0. 6 points. Stocks in china under pressure the hang seng down by 1. 5 points the shanghai down by 0. 6 . In europe, in the early trading, it looks like there are green arrows across the board. Biggest gains from the major averages come out of germany where the dax is up almost by 0 0. 8, the ftse up by a quarter percentage points. Right now looking at crude oil prices opec and nonopec producers, ie russia, are expected to announce an extension of output cuts until 2018 a lot of concerns about that, whether there will be Sticking Points along the way thats why crude oil was under pressure yesterday things have picked up this morning with a gain of 1 for wti. Up 53 cents to 57. 82 well get a live report from the meeting of opec in vienna. Thats coming up at 6 30 a. M. Eas
What is it that makes somebody tick . David when you graduated from college in 1981, you went to the university of pennsylvania. You then joined the company your father had started, comcast. At that time, it was a relatively small company. Did you ever, in your wildest imagination, think it would become the leading company in the Telecommunications Area . Brian we had about 20 million in revenues that year, and my father, when asked that question for many, many years later would say, of course. And the reality is, of course no way did either of us dream we would be lucky to be comcast nbc universal, sitting here with the kind of wonderful products and company we have. And i pinch myself every day. David did you ever say to your father, i dont want to join the company, i might do Something Else . What propelled you to want to join this company . Brian well, i thought about that. I just always wanted to work for my dad. He used to be in the mens belt and suspenders business way back befo