A is diplomat has been working behind the scenes with north korea for months. President trump will get an update when he meets with u. N. Ambassador nikki haley. That is about an hour from now. The president issuing Harsh Criticism for Senate Majority leader Mitch Mcconnell over his inability to repeal and replace obamacare. But members of the house are keeping the fight alive, even if it means going behind House Speaker paul ryan. Pennsylvania congressman scott perry is helping to lead the charge. He is going to join us coming up. David the dow snapping a twoweek winning streak, ending this turbulent week down about 1 . Lets go straight to nicole petallides. She is on the floor of the new york stock exchange. Nicole, it has been a wild week but it was nice to see it end in the green at least for the dow. Those are the weak averages down a percent but it was positive today. We see all three of them down more than 1 for the week. As you noted, the dow right now, up 15 point as we heard
Free in the first place . Is it Political Correctness giving terrorism a free hand in europe . Also the lefts Going Nuclear over president elect Donald Trumps plan to boost Americas Nuclear capability. Reaction to his message on twitter this afternoon. And more familiar faces officially joining the trump administration. Weve got the details on new rolls in the white house. Lauren lets go back to the markets right now. The dow in the red for the second straight session. Walmart, home depot and apple are among the biggest draggers today. In fact, all day, the dow never saw positive territory. Gold losing more luster as well. We have phil flynn with the details from the cme and lori rothman on the floor of the new york stock exchange. Lori, start with you, good to see you. Always great to see you, too. Lauren whats driving the selling today . I would say Interest Rates a big factor. Have a look at mortgage rates, 30year fixedrates hit a 2 1 2year high. The fed raising Interest Rates for t
We have all the highlights. Republicans announcing a date when they plan to replace major portions of obamacare. House ways and meaning Committee Head kevin brady joins us in fox business exclusive, when we see the plan, how we will pay for it and exactly when the tax cuts will come in. Well talk about coming up. Melissa another record for the dow turning positive in last few minutes of trading, for a brand new record for the sixth straight day. The s p and nasdaq ending in the red, bringing a to an end of longest record streak for major averages in 25 years. Cisco, coke, 3m among the big winners. 56. 36 cents a barrel on oil where opec may extend Production Cut agreement to other nonopec members. Gold is the highest in more than 13 points, on back of a weaker dollar. David urgency behind the tax cut overhaul. President s trump most Important Campaign promise to people begin s to take shape. Tax reform will happen fairly quickly. The tax would be easier in my opinion but for statutory
I think that relationship with mexico is phenomenal, i think there is an unbelievable and robust dialogue between the two nations. Charles joining me now to discuss, betsy wood roof ford oconnel, and former congressman tom. This is really, highly anticipated meeting. A lot of going back and forth, first on twitter then the canceling of meeting with president of mexico. How do you see this playing out. We do have a lot of commonalities with respect to comer, trade and fighting Drug Trafficking. We do, there is also something i assume that Trump Administration is aware of. It is in mexicos interest. Every country supposedly does, in their best interest. And it is in interest of mexico to keep that border open to keep the flow of people in to this country from mexico as robust as it can. It means legal or illegally. For several reasons, just unemployment problem, rate for people in mexico, 18 to 25 is about 40 or it was. And that is a very dangerous situation. Ey want to export their unem
We are focusing on the president , he is going to outline tomorrow night what he wants to do, you cant put the cart before the horse x in this case that cart is obamacare and repealing and, ultimately, replacing it. But there are plans in his budget announcement tomorrow night to lay out a case for increasing the defense budget, already pretty heldty at about 550 billion a year by another 54 billion. Just word of that has sent a lot of defense stocks soaring, and theyre not the only group that could be baiting the fish for what the president outline tomorrow night before a joint session of congress. With more, we go to blake burman at the white house. Hey, blake. Reporter two major, big ticket items under discussion here and really as the president set to med to capitol hill tomorrow night to lay out his vision before congress. That being the budget and to replace the Affordable Care act. Talk about the details, at least the thousand foot view stuff the president wants to focus on spen