Refusing to work with republicans to bring real relief to american taxpayers. What is next for tax reform . We are on it for you. President trump unveiling a new Immigration Reform bill. Aimed at awarding green cards based on merit. He promise this is will save taxpayers billions of dollars while protecting american jobs. So will this get bipartisan support . We are going to debate that story as well. First, want to go to our own adam shapiro standing by at the white house for latest on tax reform and where everybody stands. Adam, good to see you. Good to see you, cheryl. Tax reform is front and center although so much is boeing on today here on the white house. On capitol hill, focus is tax reform here on the white house of the part of the president s overall agenda. This morning, mick mulvaney, director of office of management and budget, was pushing the need for tax reform. He was saying as we heard from Mitch Mcconnell yesterday, owe does not expect this to be a bipartisan effort.
Between the United States and north korea appeared lauren went into the weekend. It seems the situation is called. Cheryl a little bit. Things not calm here within the United States. The white house this morning clarifying its remarks following President Trump initial reaction to the deadly violence over the weekend charlottesville, virginia Vice President has spoken out the federal investigation underway. Friday night after white supremacist march in the campus on the university of virginia over the removal of the statue of robert e. Lee. The turmoil is silent on saturdays the White Nationalists and counter protesters driven by 19 more. President trump condemn the violence but did not ignore the remarks drawing criticism from republicans as well as democrats. A Senior Justice Department official investigating whether the domestic terrorism charges are now possible. Organizers can play plan less than at the university of virginia to remember Heather Haier from White Supremacists. March
Gained ground with the nikkei on top of 1 . The shanghai composite not even a 10th of 1 today. Lea oil prices shot up after news of Oil Production cut. Train to the Federal Reserve begins a twoday meeting on Interest Rates. But check out the yield on the 10 year treasury 2. 16 . Lea apple is talking to investing 100 billion Technology Fund. We will have those details. N|lauren in sports, new England Patriots outlast the Baltimore Ravens. Major League Baseball bins a controversial rookie hazing ritual. We will tell you about that. Lea 5 01. Tuesday, december 13th. Welcome to fbn am, your first look at morning markets and breaking news. Good to see you. N|lauren good to see you. President trump will announce his choice for secretary of day. A look ahead at the other events and trends busy schedule today from connell mcshane. The secretary of state announcement is the most anticipated if we been told to make the exxonmobil Ceo Rex Tillerson. His business ties to russia and its relationshi
Guests today. Angela shes going to be talking credit factors affecting the stock market in this environment. Jack lew is going to reveal if china has made any progress or the market is more vulnerable to selloffs. Thats another bloomberg exclusive. Lets check in with our team for indepth coverage. Michael mckee is on janet yellen watch. Anna edwards is talking about brings it. Amanda kern is with the start of u. S. china talks. Janet yellen will be speaking this afternoon. Lets get the latest with michael mckee. What you going to be looking for most importantly . Mike since the jobs report, markets have pushed any fed Movement Packet to december. Thats gotten some blowback from fed voters. And bostonnd fed says a rate hike is still on the table. We want to know if she is on the same page and of so for when. She may not be as dovish as a lot of people think. She may take june off the table. She wants to preserve her options for july. She can go back in time to the 1990s when the economy
All down quite sharply. The worst day in u. S. Stock. Ince june 24 the nasdaq and s p 500 moments ago had been down more than 2 . Today wasory going to the fact the s p 500 had not traded 1 or greater for 43 days. And we see the selling has been excelling at the all day. We are right near session lows. Todays selloff really taking a toll on a weekly basis as well. This is a weekly chart of the s p 500 in white. The s p 500 weekly decline is represented by that candle and its the worst since this one back in february. The brakes is doing the opposite, having its best week since january. We may see a continued selloff in stocks as the vicks rises. Risk, we have the defense tradeoff as well. The Defense Sector trading sharply lower. This includes telecoms. All of these are dividends yields but today, these stocks are selling off as rates are going higher. Year going and two higher today. Reflects double line talking about the fact the fed is likely to raise rates this year. Lets get a che