Hello, i am david asman, this is bulls and bears, thank you for joining us, joining me, steve moore, caroll roth, capri caforio and john burnett, what progress has been made. Reporter trying to hash out what a economic stimulus package would be, could look like. President , to that end up to capitol hill today, had lunch with Senate Republicans to discuss possible options Going Forward, so far president , and the treasury secretary, Steve Mnuchin have talked about following, a payroll tax cut. Potential small be loans, paid leave, deferred tax payment and help for airline, cruise and hotel industry, were told in meeting that president floated idea of bringing down payroll taxes to zero. That would be very both employer and employee. Keep in mind, white house numbers project, over next 12 months, that would be about 1. 2 to 1. 3 trillion in taxes. After the meeting today with Senate Republicans, president tried to provide reassurance. It really working out. A lot of good things are goin
Ss . The Trump Administration promising help for businesses big and small affected by the coronavirus outbreak. The cruise industry, will it be first in line, hat in hand, after getting soaked yesterday . Cruise line stocks are still getting buffeted by wild investor winds this session with major names halted multiple times in hopes of the government throwing the industry a life preserver. One of the worlds leading Infectious Disease experts faces off against cruise industry guru the cruise guy. He says cruise ships should not be taking off at all until the virus is better understood, while stuart says he would jump on one and travel the high seas right now. Stay tuned for that debate. One of the most respected Bank Analysts in the nation waved the warning flag on bank stocks five weeks ago. Dick bove way back on february 3rd said stay away from Financials Due to this mystery virus that appeared to be spreading back then in china. Dick is back today in a fox business exclusive. We will
Any minute now Vice President mike pence is holding a Coronavirus Task force meeting at the white house. As number of confirmed cases continues to rise across the globe. With at least 73cases right here 738 cases here in the u. S. Well bring you any headlines from the meeting this hour. Fox Business Team coverage. Blake burman live at the white house. Deirdre bolton is on the floor of the new york stock exchange. Phil flynn is watching the action in oil at the cme. Edward lawrence is on capitol hill. Deirdre, well kick it off with you. 1100 points on the dow is worth something. What a crazy volatile day. We closed at highs of the session which always makes people feel good especially in light of what happened yesterday. This idea President Trump is considering or launched the idea in a meeting this afternoon of zero payroll tax cut for the rest of this year. Certainly giving us a added boost to the markets if you like. As far as the groups that really supported the markets the most, yo
Our favorite cpa will show you new laws in 2020 that will absolutely affect your Retirement Savings plan. How you can take effect of those changes. We have that and much more on making money. Charles folks it is an understatement it has been a great year for investors. Nasdaq up more than 30 . Bond market, certain commodity the like gold blake showed you see gains. One years winners are not guaranteed to be next years winners. Where should investors look to be a prosperous 2020 . We have two of the very best. Danny hughes and david nelson. Thank you very much for closing out the year with us. Let me start with you, danny. It has been a remarkable year. We go in with fair amount of economic and stock market momentum but things will change during the course of 2020, right . I think so. Look at 2019 that was the story in 2019. We came in 2019 crying, hiding under our covers. Charles you should have seen what it took to get david out of the house. It was not fun. The fed flip drove a lot o
The u. S. And china are dusting off corporate deals in anticipation. Austria braces for a hotter weekend as fires continue to burn out of control. Thousands are urged to seek shelter. This justin, the u. S. House is voting on the or powers resolution. , as is mostly symbolic resolution that would seek to limit the President Trumps options for military action against iran. House speaker Nancy Pallone says democrats were not satisfied by the administrations justification for last weeks airstrikes that kill a top iranian official. Nancy pelosi saying this is more than a symbolic gesture. We have more analysis, but it seems like a long shot for this to pass the republican held senate. That news just coming in that the resolution has been passed in the house. When it comes to the trading session, it is fading out. Tensions between u. S. And iran. A report suggests that the ukrainian flight was taken down by Iranian Missiles. That did not deter optimism. All three markets in the u. S. Hittin