But first here is whats new at this hour. President trump on his west coast tour. The president about to depart las vegas and head to colorado for a Campaign Rally tonight. Well review any breaking headlines from the president this hour. Plus, money, well, turns out it cant buy you everything. Michael bloomberg pouring more than 400 million into his president ial campaign that did not help him at debate time last night. New resistance against amazon. Another city fighting the company on its plans to provide thousands of jobs for american workers. Who would want that . Connell fox Business Team coverage of that and more. Blake burman at the white house for us today. Jackie deangelis on the floor at the New York Stock Exchange and speaking of amazon, Grady Trimble is on the ground in the state of illinois. Well get to all three but first to yaki. Good afternoon to you, connell. While the dow ending down 130 points, after a bigger drop earlier in the session, roughly 300 points. That was
Trump at the white house with a new warning for nato members who dont pay their fair share. This as Congress Moves forward with impeachment inquiry into the president. We have the latest response from the commanderinchief. 60 days until the Iowa Caucuses. A few key endorsements might shake up the race for the white house. So well talk about that. Plus in a galaxy not so far away, disney worlds new star star wars attraction opening up today. The new interactive ride like no other. Melissa Edward Lawrence at the white house. Gerri willis on the floor of the new york stock exchange. Jeff flock is live from lansing, illinois. Hillary vaughn is on capitol hill. Robert gray is outside the los angeles courthouse where elon musks trial is underway. Lets kick it off with Edward Lawrence. Reporter melissa, an aggressive response by the white house when they learned articles of impeachment would be Going Forward in the house of representatives, using terms like mockery of the law. The White House
Office. President meeting meeting with y of state Rex Tillerson and after announcing plans to put north korea on the terror list. What that means and why the white house says this is critical move. David getting back to stocks climbing today. They were driven by shares of cisco, verizon and home depot. Nicole petallides on the floor of the new york stock exchange. I want to start with Janet Yellens resignation. Happened 2 00 p. M. Eastern time. No movement in the market there was a time anything that the fed said, particularly janet yellen said over the past seven years would move the market. Seems like that power is gone completely. Very interesting that you say that. I guess the expectation she would be stepping down shortly as fed chair. We know we have a new fed chair powell in line to take over that was a little bit of unexpected news but truth of the matter is, youre absolutely right, weve been higher throughout the day. The dow finishing up 72 points. Not really reacting to fed
So theyre not showing up for the meeting. I will say this, in light of the Missile Launch much, probably they will be here fairly quickly, or at least discussions will start taking place fairly quickly. I think that were in a very good position in terms of the meeting we just had over at the capitol with the republican senators. It was outstanding. I think we have tremendous support. I was just informed by mitch had a unanimous vote from the republican side at least. We had a unanimous vote on the tax bill, and it goes now, the next step. I think were going to get it passed. I think it will be passed. The senate will be very popular. It will have lots of adjustments before it ends but the end result will be massive, largest in the history of our country, tax cut, and lots of good things are going to happen, including the, bringing back to our country of, probably will end up being, over 4 trillion, money offshore thats stagnant, that companies and just not able to bring it back. So i t
The final tax bill on the president s desk by christmas, pass a measure to keep the government funded before midnight on friday. The president meeting with key members this afternoon. The latest from capitol hill. New examples of antitrump bias at the fbi. One of Robert Muellers deputies reportedly praising a doj official for defying President Trumps travel ban. This as were learning more about that agent fired for sending antitrump texts. Connell the deep state. Meanwhile reversing course. Markets ending in the red. Lets go so Nicole Petallides on floor of the new york stock exchange. There was never a lot of conviction in the market but there was green earlier in the session. You want to say what happened, right . The truth of the matter triggers why did we see a basically 200 point swing from top to bottom, we cant have every day an up arrow. Down day of 11 points. Take it a lot of high hopes for the nasdaq. Tech has been a big, big story. We watched home billers today. Homebuilders