Stocks giving up early gains ahead of the tax vote. The dow transports did manage in an intraday record high before turning lower. Energy and Consumer Staples the best performing sectors. Real estate utilitys the biggest laggards as we are seeing the biggest rise in the ten dayyearold darden restaurant rallying, beating earnings estimates navistar is soaring to 10 the truck maker comfortably beating profit estimates revenues also beat navistar calling 2017 a breakthrough year of the company. Shares of chicago iron tanking, being bought by Mcdermott International for 6 billion in stock. The two companies provide construction and Engineering Services for the oil and Gas Industries that stock down almost 7 . Thank you very much, melissa. Welcome everybody, im tyler mathis mathisen we begin with breaking news. The house all set to vote on the big tax bill in the next half hour the biggest change to the u. S. Tax code since 1986 or thereabouts. It will affect every business and every househ
Welcome to power lunch. Stocks are lower at this hour and dow and the s p 500 slightly higher telecomes are the best financials fedex more than 300 and wild trading day for bitcoin plunged 10 earlier and sinking again now. A lot of news. Hackings, bankruptcies and selling from a major player. Well dive deeper into it. Blackberry the company topping expectations and 2018 revenue and stitchfix, however, tanking. The Apparel Company increasing its Customer Base but its bottom line was impacted by higher costs. And chipotle taking a drop the stock is lowered by more than 2. 5 . Brian . Michelle, thank you. We begin today with the latest out of washington, d. C. The tax bill passing, again. All the angles of that bill covered. Abram at the president where the president is expected to hold a tax bill event at 3 00 p. M and kayla is on the next big story. Thats a funding bill to keep the government open. Lets start with elan. Brian, it is Done Congress has now passed the most sweeping rewrite
Live for. We have chad pergram with the latest on capitol hill. How are you . Neil very good. The house has started final debate on the tweaked version of the senate bill. They had to pull things out to match budgetary rules in the senate before we passed it in the wee hours of the morning. The house had to be in alignment. When they made the changes the house bill and senate bill did not sync up. We will have in 20 minutes, what will be the final, final vote for the tax bill. Then it will be shipped to the white house. The question is when President Trump will sign it. Neil i was asking you the question, when . I always think these things can be like closing on your house that you buy, if you dont wrap up quickly something could very, very, very wrong. I spoke to senators yesterday, chad, if we had our druthers we would sign this fast. Here is the problem there. Is a rule on the hill called capitol hill that is budgetary, paygo, pay as you go. That is important term. If they sign the
Trumps biggest republican critics. I rise today to say, enough. Ahead of their requirements in the senate. Are you saying the president is a liar . And in the house. Was the president sfakter in your decision to leave . What senator jeff flake and congressman charlie dent are saying about the future of the republican parent and of the country. Adds trumps first year in office comes to a close from this day forward, its going to be only america first. We have come to expect the unexpected. Hey, im president. Can you believe it . From this unprecedented president. We want to start winning again. Our powerhouse roundtable take on the year in politics. Whats fact . Whats fiction . What matters . This week. Good morning. And merry christmas. This week, the president s biggest legislative win yet. But behind all the back slaping and selfcongratulations, its an anxious time for republicans and to the white house. Several yearend polls show the president s Approval Rating at or near his alltim
Ahead of their retirements in the senate. Are you saying the president is a liar . And in the house. Was the president a factor in your decision to leave . What senator jeff flake and congressman charlie dent are saying about the future of the Republican Party and of the country. And as trumps first year in office comes to a close from this day forward, its going to be only america first. We have come to expect the unexpected. Hey, im president. Can you believe it . From this unprecedented president. We want to start winning again. Our powerhouse roundtable take on the year in politics. Whats fact . Whats fiction . What matters . This week. Good morning. And merry christmas. This week, the president s biggest legislative win yet. But behind all the backslapping and selfcongratulations, its an anxious time for republicans and to the white house. Several yearend polls show the president s Approval Rating at or near his alltime low. And historically low for a firstyear president. This, as