Get analysis from washington also coming up the European Commission follows through on its threat to punish poland over judicial reforms in the country that the e. U. Says are undemocratic but polands president is defined signing into law the reforms giving the government more control over the countrys core. And that europe deals a big blow to the right hailing company the top court in europe says it is a taxi service not just an out and that difference is huge and will tell you why. Its good to have you with us in the United States the house of representatives has given its final approval to a sweeping overhaul of the u. S. Tax code it had already been approved by both chambers of congress but an embarrassing procedural error force the senate to send it back to the house for a revote the bill which includes permanent tax breaks for corporations and temporary tax cuts for individuals is the biggest. Shake up to the system in the country in more than thirty years and its the first major
Also a big announcement from bringing that money right back here to the states. Which everybody has been waiting for with the economy boost, that well see investment from apple into our economy over the next five years. That is really what springs it. Lets start with dow 26,000, apple is dow component. 321 points to the upside. 1. 2 gains for the big board. For the Dow Jones Industrial average, but across the board, you can see all milestones here for record closes, for the dow, nasdaq and s p. Since then we have hit eight, 1000 milestones. Eight trading days since the dow 25,000. It facessest 1000 point gain in history. Look at lead earns, boeing, almost 19 . America, caterpillar, great performers and eight, 9 gains there. Also watching cisco an united technologies. Weve seen a lot of winners across the board in technology, Consumer Products and that. Taking a look also as we talked about apple briefly. That was breaking news during the day. We contributed 250 billion. Adding jobs wit
It. A weaker dollar start sliding this morning. Disney detailing plans to pass on the new law by giving a 1000 cash bonus to 125,000 employees. Bigness after similar announcements from Jpmorgan Chase yesterday embraced as well. The latest win for American Workers this morning. General electric, ford, comcast on the name set to report fourthquarter numbers today. Expect to 29 cents per share. Markets this morning look like this. The nasdaq surged 52 points yesterday after shares jumped 10 . S p 500 at an alltime high. Markets continue to be on fire. The nasdaq with a threequarter of a percent move in unchartered territory yet again. Features indicating the markets will open like a symbiotic unit gains once again. Dow industrials up another 55 points right now. Nasdaq up 10 points this morning. Major indices look like this. Down a quarter of a percent. The other major spot on the session. Markets closed mostly higher. The best performer in there as you can see in china. Shanghai composit
Jp morgan, more hiring. Starbucks, better wages and benefits. The tax cut path through movement keeps on rolling. Politics, oh, as contentious as ever. Senator schumer changes course. Now he says no wall. The president responds. No wall, no daca. Mr. Trump flies to europe tonight. Whats he going to say to the assembled global elites snoop hes already being accused of starting a trade war on those washing machines and solar panels. And his treasury secretary says a weak dollar helps america. Not supposed to say that if youre the treasury secretary, but he did. Friday, the big speech President Trump lays it out. America is open for business. It may be the most important Economic Policy speech of his presidency so far. And we are very glad that you are watching us. Varney company is about to begin. Stuart all right. Im going to start with General Electric. The stock is up only 1. 7 . There was less money coming in. There was less profit. There were a couple of bright spots in the oil and
This hour a day after digesting that tax plan. T all are up higher. In asia, a bit of a mixed picture. In europe, a look at european equities, still open in many parts of the world. A bit of a red picture. Finally a quick take on crude prices. Wti trading at 49. 19. I dont know. I did see 49. 20 or 30, i did see some stuff yesterday that if they dont if opec does not go along with the cuts, you could see it back to levels of around 40 if they dont continue with the cuts. Both of these guys getting nervous. Dont try that at home. The white house says President Trump its when johnny deposition is moving like this in alice in wonderland. Its a weird dance he does, but it means things are out of whack. As far as nafta, President Trump has agreed not to terminate the nafta agreement and will try renegotiating it. The white house said they agreed to proceed with negotiations swiftly. There had been reports earlier that the Trump Administration intended to begin the process of withdrawing fro