Roads. A seismic wakeup call as the Senate Majority shrinks. He tried. I want to support the person running. We need the seat. Did republicans dodge a bullet . What does this mean for Steve Bannons war on the republican establishment . Whose side will trump take . Big questions for john cornyn. And the democrat leading their campaign to take back the senate, chris van hollen. And our powerhouse roundtable. Well break down the politics, smoke out the spin. The facts that matter. This week. Good morning. As we head into the holidays, it sure looks like President Trump and the gop will get what they want for christmas. The votes lined up for the largest tax cut in years. And trumps biggest legislative victory yet. What will it mean for the economy and the middle class . That may take years to determine. Well have two of americas prominent economists ahead. To analyze the impact. For now sh passing the tax plan, a Political Boost that the republicans need, after their worst political loss
It. Publish bitcoin we immediately gets the top of the readership roles at bloomberg. There is a fascination, maybe a bit of schadenfreude with investors being roiled backandforth on what this is, an asset class or a bubble. What is it and where is it going . No one has the answer, greeting us. Including us. Lets get to the bloomberg first word news. A spokesperson for the russian president says the kremlin is concerned about the possibility the u. S. May further expand sanctions on russia. A rule that took effect in august calls for the treasuries to compile a list of tycoons and Companies Close to the kremlin as potential targets for more sanctions. The u. S. Added the names of several companies of prominent russians to the list last week. Almost a year into the donald trump presidency, passionately promoted through all of his Campaign Announced eight prototypes no more than 30 feet long walls. No funding has been appropriated by congress to advance the project beyond the testing pha
First Nicole Petallides in the New York Stock Exchange and nicole what was driving the rally today . Nicole certainly we have an opportunity to bounce back after two weeks we certainly had a tough run over 2400 dow points dropping 9 it was fromming to see the back to back gains gaming over 300 on friday and holding on to a decent gain of over 400 points thats 1. 7 the fundamentals are the same. Corporate earnings are on the rise, we have beneficial new americas tax plan, we have the budget in place so these are the things and of course the new infrastructure ideas for the two years ahead also help to give a boost so taking a look at the dow, nasdac and s p and i was looking at the yeartodate numbers because we saw the dow going in and out of positive tear tear tori yeartodate but the nasdac in the green for the year 2018 after a stellar 2017 so there you go right . We werent able to squeeze it out but a couple more days of this action we will see some up arrow and a lot of the folks fe
President s 4. 4 trillion budget plan at at Senate Committee hearing. Wheel top intel officials including fbi director chrisway were talking tough over a hearing over alleged agency bias. And background check of rob porter. This as the Senate Immigration debate is struggling to get off the ground with only eight Business Days left to find a solution for daca. President trump warning there wont be another opportunity like this. But the president managing to bring both sides of the aisle together around the table for an open discussion on trade which were all able to see. Were covering it all for you, with an allstar panel. Guests this hour include alabama congressman mo brooks, Louie Gohmert of texas, the hills editorinchief, bob cusack and Lieutenant Colonel oliver north. He will talk about north koreas olympic charade. Melissa back to the markets. The dow closing higher for the third day in a row but it didnt start off that day this morning. Go straight to Nicole Petallides on the flo
Is not often the way we end. On thursday and friday you werent here thursday and friday no. It continued. The bill murray bottom, which we were up 300 points on that friday, suddenly up 1200 points. We made back about twothirds of the losses. If we were to close down over 200 today, the dow would fall under 25,000 so were back to 25,200 again. The art cashin has the from a month ago where people were like, oh, my god it needs to be kept in perspective. 291 on the tenyear. Youll look at that later. That 2. 6 or 3. 0. What did he say he said thats the question 3. 0 is more likely. In asia, some markets are still out now. They have been closed because of the Lunar New Year the nikkei down by 1 . The hang seng down by 0. 78 . In europe, many of the markets are mixed. The dax is flat. Cac is up 0. 2 the ftse down by a quarter percentage point if you get to treasury yields, the tenyear is what weve been watching just below 2. 91. Home depot just out with quarterly numbers. Retailer reporting