They blame higher costs, they blame amazon for the competition in shipping, and of course, they are blaming china and the tra war, blaming the Global Economy as a whole. We have a huge show for you. Look at this lineup. Senator roger wicker will be grilling social Media Companies on the hill next hour but we have him first. Sarah Huckabee Sanders on that fiery Cory Lewandowski hearing. Martha maccallum on Elizabeth Warren getting grilled by Stephen Colbert. And tom brady and Dennis Rodman are on the show as well. Wow. What a lineup. All the big names are here. Im david asman in for stuart. Varney company starts right now. David we have some breaking news from President Trump. He just tweeted out quote, i have just instructed the secretary of the treasury to substantially increase sanctions on the country of iran. Check oil, it is now trading after hours, remember, it came down tremendously yesterday, its still dropping. Now its under 59. Looks like its headed to 57 a barrel quite a dif
Lawmakers renewing calls to split up a few of the biggest names in tech. The Senate Hearing just finished. Well bring all the headlines from capitol hill. Apples investment in the u. S. The Company Unveiling a quarter after billion dollar commitment to american jobs and american manufacturing. Well have an exclusive interview with apples chief operating officer. That will come up later in the hour. Benjamin netanyahus career on the line. The polls just closed in israel. The Prime Minister is fighting to hold on to power. Very, very close according to the exits. Were live in tel aviv with the latest on the race. Melissa fox Business Team coverage, blake burman at white house, gerri willis on the floor of the new york stock exchange, phil flynn watching oil, very important at the cme. Grady trimble at a gm plant in detroit. Lots to get to. Lets kick it off with blake. Reporter President Trump early today that tapping the Strategic Oil reserve will not be needed as a result of the oil att
Own emissions standards. All that and so much more on making money. Charles well, we begin with the fed the day after and while most observers agree that jay powell did a better job communicating, yet confusion reins as fed members are all oaf the map where rates should bo from here. President trump telling fox news what he thinks of the rate cut decision. I think we should do more because other countries have done more. If you look at germany, if you look at japan, look at some others theyre cutting much more. In fact theyre borrowing money, getting paid to borrow money. Were paying interest. Were the most prime in the world. We have this great economy. Were doing better than weve ever done. Our employment numbers are the best they have ever been, unemployment numbers also. We are doing freight. We should be cutting there is no inflation. Charles as the fed is pumping even more cash into our Financial System today. In fact over 200 billion in the last three days in the repo market. Wi
Want to get this done before roy moore or his democrat opponent takes the Alabama Senate seat on december 22nd. It is going to be very tight. There will be wheeling and dealing for every vote. Here is my opinion, we will get a tax cut deal done because i cant believe the Republican Party will say no and selfdestruct. Today, by the way, Goldman Sachs say the economies next year will be surprisingly strong, a separate goldman reports says wages will rise next year. Dont forget keith parker, at ubs, told us the market would keep going up if we do get that tax cut. Also today german politics in chaos, Angela Merkel cant get a coalition together to form a government and football, marcina lynch, he stands for mexicos anthem, he sits for ours. And the president hes tweeting again. Hes watching Varney Company, we will show you. Varney company is about to begin. Here we go. Shotout from President Trump on the economy this morning. Here it is. Under President Trump Unemployment Rate will drop be
Big news out of the United Nations, nikki haley announcing a cut in next years budget after the un voted to call for donald trump to withdraw his plans Israeli Embassy to jerusalem. Varney and company starts right now. Charles lets look at futures, under pressure all morning, fractionally better. Lets bring in zach hour. Everybody wants to know 205k in 2017. In 2017, i dont see why not, certainly lets call it by valentines day a couple points, next year will be a strong year for the stock market, the first half of next year especially. I am worried about a blow off topic for the market sometime next year but that is all the more reason. Charles you could argue this year, last year, the year before, pretty long market, people are calling for it. Prices are not crazy, prices are okay, we are introducing new money into this economy with conditions tight. What i worry about is a faster rise in Interest Rate than we expect giving more competition. The cd rates, why am i taking this risk in