Level as the controversy continues. President biden met with his Economic Team at the white house today, the administration has not yet said much on the controversy only saying talk to the sec and the feds are monitoring the situation. Strong backlash by some lawmakers including alexandria ocasiocortez and republican ted cruz. Republican senator josh hawley talked about this on fox news earlier. What youve seen with this gamestop meltdown that wall street is having now is these folks at home have got more criticism and more scrutiny than the people who singlehandedly crash the entire Financial Market in 2008. And they got bailed out, the government bailed out those people. It shows you that the fix is in. John White House Correspondent Kristin Fisher picks up reporting for us on this friday live on the north lawn. For the third day in a row, the white house is declining to weigh in on this controversy that has consumed both wall street and main street. The White House Press secretary w
U. S. Trading after west texas futures end in negative territory for the first time ever. Ups sees some light at the end of the virus tunnel. The ceo tells us ecommerce is almost thriving compared to traditional sectors. Lets take a look at the oil lets get to sophie kamaruddin, who is taking a look at highlights for us in hong kong. Sophie the relative resiliency of the markets we have seen of late have brought several benchmarks in the region of asia into bull market territory. That will be tested in the face of this oil rout. Futures. Eing mixed nikkei futures in chicago while kiwi stocks are extending mondays drop. Lets switch up the board to check in on signaling perhaps the recent optimism and equities may be unwarranted and this money, gold resuming losses but still closer to its high of the year than it slows that were hit in february and treasury futures are now unchanged after we saw the u. S. 10 year yield with alltime lows on monday and the dollar little changed as well wit
he missed an opportunity to show america s face. this was maybe the big epps moment of his career and there s no video of it. there was nothing for networks to broadcast. no clips to distribute and run on loop for days. nothing to post online. newspapers and web sites couldn t even slap the announcement image on the front page. plus, run the risk of glitches and that could have been executed better. but, on the flip side. his team says the risk paid off because the guy has raised a ton of money since then. he raised over 8 million bucks in 24 hours and that s a record. and now that the twitter launch is out of the way, desantis is sticking to a more traditional campaign approach. is he doing the media blitz, fox, talk radio, podcast. and next week he is holding events in iowa, new hampshire, and south carolina. so his foot is on the gas and his sights are set on trump, he is looking to neutralize ron s strength on covid. listen. when the ron desanctimonious facts come out.
Benefits of tax cuts of bonuses, higher wages, more hiring in more investment. Its the great corporate pass through. More announcements are likely. Tax cuts showing positive economic results. Democrats are still making some very dubious claims. For example, nancy pelosi says raises taxes on 86 million middleclass families. That is factually wrong. It is dishonest political spin. The left plans a yearlong allout attack like about when you just saw. Investors clearly approve however the tax cuts and what theyll do for economy for wages jobs and investments. Stocks going up this morning. We dont know how the market closes this afternoon, the president and his top economic adviser both talking up the market today. It will open high gear. Later this morning, Congress Holds a tax plan signing ceremony and you will see it. Varney company is about to begin. We will start with this. A white suv plowed into a crowd of pedestrians in melbourne, australia. We want to know who did it and are the au
Even rural internet connections. We will take you there for the president comments live at the top of the hour. Totally reversing the offshore drilling rules. Should the oil industry be careful what it wishes for. Trip advisor dan everhart on the major turnabout that some say could lead to oil company bankruptcy. Tech investors zeroing in on multiple developing stories at this hour. Im going there for all of the excitement. It is the eve of the worlds greatest technology convention. As the security falls rocket. Buyers and investors. I am leaving the second after the show. We will have us full preview and show you some things that are supposed to be the hot stock. The markets may not look as her as hot as they usually do. All five major indices right there in the green. We are less than an hour to the closing bell. A very busy monday hour. Speaking up 2018 we had breaking news. One of the most hotly anticipated events has to take place in las vegas today which is the have of the offici