Raleighdurham. The president is about to step out of that plane. I can tell you right now, we are going to be there with cameras because back in d. C. , theres another huge story developing. The congressional antitrust sharks are circling. In less than 48 hours, jeff bezos of amazon, apples tim cook, google alphabets Sandar Pichai and mark succeed you azu facebook will be the ones in hot water. It is the First Time Ever that all four will simultaneously be taken to task by law makers. If congress is smart, okay, i know, if congress were smart, they would get suggested questions from this guy. Basecamp cofounder and chief technology officer. He hes the only one who has taken on three of the four and lived to tell about it. He will reveal the number one question he says congress should ask each of those tech titans that he says will cause crumbling. Plus, could a new u. S. china ticking time bomb threaten social medias hottest name . China economic insider derek scissors gives his threat
And their currency is under siege. Our problem is a Federal Reserve too proud to admit their mistake of acting too fast and tightening too much and that i was right. They must cut rates bigger and faster and stop the ridiculous quantitative tightening now. Which gets us to the markets this morning, jim. We have been talking about negative rates, they only continued to worsen. It is a strange phenomenon to be sure but it is also a worrisome cycle people believe because you have negative rates that auger for weaker Economic Growth or a lack of growth you have what are it becomes selfreinforcing you have the global coordinated monetary easing going on right now. And you have the first time people talk you about the possibility of rates here falling dramatically from where they are now have you ever seen a ten year whipsawed as much in yield in the half hour period as we did this morning almost as if someone wants to get ahead of even lower yields there is a big short position in bonds. Th
Delta airlines finds itself stuck between the nra and millions of dollars. Gerri willis on how one Political Party is trying to punish an airline for picking a side in the Hashtag Boycott the nra battle. And the chief mechanic at Advance Auto Parts says hes got to retool. Ceo and president tom greco is here to tell us why the gop tax plan is actually revving up his companys turn around. Hes here. Plus, actress Heather Graham using hollywoods half magic to break down sexual barriers in tinseltown, writing, directing and starring in a movie she couldnt get the establishment in hollywood to buy into. Heather graham on how she turned into a businesswoman and fought the establishment. She joins us on set. Were less than an hour to the closing bell, lets start the countdown. Liz we want to quickly, at the top of the show right now, take a look at gun stocks. They are moving lower by more than 5 , at least two of them here after Sarah Sanders said the white house will have specific policy ann
The tenyear note yield lets take a look at where we stand right now in what has been of course one of the bigger stories towards the end of this year, but price moving up a tiny bit lately with the yield map 2. 481. There you see wti. Lets get to our roadmap this morning. And it starts with that geopolitical news. Russias holding off on retaliation. President Vladimir Putin responding to u. S. Sanctions in the wake of alleged election hacking. Futures indicating a higher open on this final trading day of 2016. Well look back at the best and worst performers and talk strategy for the year ahead. Plus, 2016 was a tough year for retailers. Will the pressures ease in the new year . Well, russias president Vladimir Putin says he will not expel anyone after recommended deporting 35 american diplomats and closing two diplomatic facilities in retaliation for similar closures here. John harwood joins us now from washington with more on the story. John. David, Vladimir Putin and his government p
Legislation. Our roadmap begins with signs of confidence and optimism, those are the words of the president as stocks notch their longest record setting streak in a quarter century. Plus, trumps cabinet trouble. The president s top pick for labor suddenly withdrawing from a nomination with nearly half of his cabinet and Administrative Team still yet to be confirmed. Snap valuing itself between 19 billion and 22 billion as the owner of snapchat prepares for one of the most hotly anticipated ipos of the year. First up though, the historic runup in stocks getting the president s attention. This morning he tweets, stock market hits new high with longest winning streak in decades. Great level of confidence and optimism, even before the tax plan rollout. Hes referring, guys, to the series of record highs set by all three major indices for a running number of days. And if you look back at the first month performance on the s p, jim, hes got the best record. You got to go back to lbj to see an