Will it be okay, boomer, or, yeah, boomer we start off at the rough end to a volatile week. The dow plunging 366 points to mark its lowest close since march. The midday selloff coming as israel increases air attacks in gaza and expands activity of the Ground Forces there. The nasdaq held on to a gain today. Still all three indexes were well in the red for the week the action coming as we head into another big week for markets, headlined by a fed decision on wednesday. Apple earnings a day later so with all this uncertainty looming over the markets, what should the week be ahead that has been the road map of the past week and of the past two weeks. The question is to what extent as we go into a great seasonal time the vix is telling you some of that carter probably has some views in that, too weve also, from an earnings perspective, we spent some time evaluating where numbers that were seemingly not bad on a relative basis to expectations really werent that great if you consider the cyc
Is outside the white house, elon is there in washington standing by with the latest on the tax bill itself. Lets start with you, what do we know about this event coming up . Reporter theyre not actually going to do a bill signing. The sbil not ready to be signed just yet, but this is very much a Party Atmosphere here on the south lawn of the white house. We have the marine band going through a list of Christmas Carols a few moments ago theyre serving hot drinking over here. Some of the vips and dignitaries have gathered in the audience. You can see behind me, republican members of congress lined up on the steps just above the south port co. Here on the south lawn of the white house. This is a unified Republican Party right now. Theyve been through a lot of tough infighting particularly over obamacare, this is a big win. This is a moment in which youve seen the president of the United States already today handing out praise to republican leaders, some of whom hes been attacking earlier
Up. This is Aljazeera America. Good morning. President obama is in ethiopia this morning wrapping up a News Conference with the countrys Prime Minister. The leaders are talking about security and fume rights. He pledged to help ethiopia keep up the pressure on groups like al shabab. Critics say the visit legitimizes the oppressive government, but president obama disagreed. This visit reflects the importance the United States places on our relationship with ethiopia continued growth in ethiopia dependency on the free flow of information and open exchanges of ideas. I believe that when all voices are being heard the people know that theyre included in the political process that makes a country stronger. We are live in ethiopia this morning. Why are human rights activists complaining about president obamas visit . They are saying that the visit might give legitimacy to the government that is clamping down on free speech as well as reege leaders. This is something the president addressed a
Investigation. His lawyer said that is not true. Haidi hello from sydney where it is past 8 00 a. M. This is daybreak australia. The first major markets open. Betty it is after 6 00 a. M. In hong kong. I have come all the way here. I am almost where you are. We are looking at all the action on wall street playing into the asiapacific trading day. All this week we are here in hong kong covering the u. S. And asian markets. Along with political stories we are tackling later in the hour including brexit and toshibas semiconductor unit, a huge corporate story. We want to get viewers caught up with u. S. Stocks at the end of the day friday, and it was tech shares. A lot of focus on the big tech stocks and how they traded. They dragged down the nasdaq 0. 2 , the dow also ending slightly higher but a little bit dragged down because of really the dow and s p, seeing essentially not just drag down but also the sentiment kind of the Big Tech Companies fear the big news on friday was amazon buyin
Shares higher despite a miss. Whats up next for the Delivery Company . First up, tuesdays session went from that record intraday high for the nas earlier in the session to the worst day of the year. Jim, were going to walk through reasons why this happened, the play book if it in fact changed anything at all. Yes. I think that shortterm there is a sense that if the tenyears calling all the shots and the tenyear is showing perhaps things are slowing or will slow because we will not get the stimulus because trump is in the swamp. Ive also been listening to the coverage and joes right there could be some things that he was talking with mr. Javers about the manafort situation. But the fact is i think comey scared more people than what people were willing to talk about. Comey came out and many people feel destroyed Hillary Clintons chances because he basically just says, hey, listen, it could be really bad. And comey comes out yesterday and uses the word criminal in the same context and tha