Because the tax plan gives the apples and microsoft of the world a strong incentive to bring billions back to america and a big chunk of the money will almost certainly go to big tech shareholders. All the indications are republicans have the most they need on the president s desk for his signature by Christmas Eve. It is coming together. The tax plan in the trump riley. You better follow it right here. The Atlanta Airport bass and a blackout shut down for 11 hours yesterday. More delays today across the country as planes and crews struggled to get in place for a an already hectic travel day. Hermione looking good. Travel not. Varney company is about to begin. First order of business, we will update you on that deep state cobol as they call it. Bruce ohr talks to the Senate Intel Committee today behind closed doors with the former associate Deputy Attorney general demoted after revelations about undisclosed meetings he had with fusion gps. The company that came up with the antitrump do
The s p also down. 1 . All oil at session highs, energies leading the gains. The nasdaq is down. 4 . At the lowest level in more than a week. Take a look at some of the currency trades happening. Major markets are still shot, so we are seeing some position adjustments. Not much moves in the dollar, after two weeks of decline. Some growing optimism about the strength of the u. S. Economy after that tax bill. The japanese yen strengthening a little bit but around that sixweek low against the dollar. The boj cap its loose Monetary Policy stance last week. When it comes to treasury yields, 2. 46. The 2 10 spread is now there are for a fourth straight session. That is a look at the market. President donald trump signing the gop tax overhaul bill last week. Congress also signing a budget deal to avoid a shutdown before going on its holiday recess. So what is next on the agenda, what could it mean for the markets . Joining us to discuss from los kumar strategies and founder, komal srikumar. T
Korea and shanghai ending higher and the week higher as well. Lauren oil is falling this morning on report that u. S. Production will pass saudi arabia, then there is this. Long live the new flame grilled double quarter pound king. Rest in piece black top burges. Cheryl its on, half pound burger. Fbn am starts right now. Lauren 5 01 a. M. , welcome, everybody, im lauren simonetti. Cheryl im cheryl casone, people are thinking i want half pound burger to celebrate. Lauren i had one actually. Senator shuim internal sco not shut down federal government, do not jeopardize Funding National security, i ask the American People to understand this, the only people standing in the way of keeping g the government open are Senate Democrats. Whether there is a Government Shutdown or not is now entirely up to them. It all hinges on the democrats on whether the government stays open or not n. The senate it takes 60 votes, in the house, the republicans did their job. They made sure government stayed op
Negatively. The dow opened lower, the nasdaq lower by 6. We had a multibillion dollar deal. Teva acquiring allergan. We should tell you that teva is officially withdrawing its off for mylan. You may have remembered they made that offer as a hostile offer. It was not morninging. Mylan which located outside of the u. S. Became a bizarre beneficiary of moving outside because of the way the governments rules work abroad were they relocated it made it much more difficult for teva to pursue a deal. How do you think the mylan shareholders feel about the big fight . How do they feel this morning . In the immediate case i think that they cant be thrilled. Longterm, mylans ceo has made the argument and i actually buy it that theres more value to them reinvesting by reinvesting and being independent. So well see what happens there. Can i ask a really important question . Yes. Friends of mine would like to know. Does this get us any closer to a botox thats what friends would like to know . I have
Deidre markets closed up after a fiveday losing streak. Twitter, moving postmarket. Lori rothman, with me now, she has more from the new york stock exchange, lori . Twitter is headline, deirdre. Revenue grew 61 on solid ad sales. Get this 80 of those users are using twitter on their mobile devices. 6 rise in cost per ad engagement. That is great sign for twitter that their ad strategy is getting traction. You see twitter shares off the postsession highs. Positive reaction to Second Quarter numbers especially going back to the First Quarter, which was not only surprise since they came out at 3 00 during the trading day in the First Quarter but a disappointment too. Lets step back to look at broader market. Our session, finally stocks snapping a fivesession losing streak with the dow closing up 189 points to 17,630. Still negative for the year. Well hear from janet yellen and decision on rates and accompanying statement tomorrow. Nasdaq up 49 points. Lets break down the dow 30 for you. L