On capitol hill. This morning, Maxine Waters goes right at Facebooks Libra. Finally, bitcoin comes back down to earth. So there you have bitcoin at 9,400. So question, hows the market doing . As in the stock market . Look at this. No selloff. Still holding right at record highs. The dow well above 27,300 and the s p stays right there at 3,000. You want some action . Wait until you see the latest tweets from mr. Trump and wait until you see joe bidens polling numbers. The latest. Varney company is about to begin. Stuart hes not letting up. The president piling on with this tweet. Hammering away, here we go, the democrats in congress are getting nothing done, not on drug pricing, not on immigration, not on infrastructure, not on nothing. So much opportunity yet all they want to do is go fishing. The American People are tired of the neverending witch hunt. They want results now. Okay. Got that. Senator john kennedy echoing the president s remarks. Roll that tape. I hesitate to contribute
tomorrow in china with tens of millions of traveling for family celebrations. the economy slows, travel has restricted. for this in a moment. our market will open slightly slower. there was perhaps some fallout from the coronavirus. but nothing like a follow-up from the asian markets. the dow will be down 79 in s in b5 in nasdaq just a fraction about three. let s get to politics. day three of the impeachment hearings begin later. so far, not many people are watching. it consumes the people but only 11 million people watched on the six channels the rent yesterday. more importantly we are i can take a look at the consequences of a democrat winning the white house this year. massive job losses, lower wages, a shrinking economy. how has that for starters. we ve got a big show, the president has back home. we joined mark life, first president to do that. how s this for a royal update. prince charles, calls for revolution. he will be the king of england. we are about to begin. stua
Republicans, he needs just 50 votes to get tax cuts on the books. He will deliver peptalk and maybe a threat if you cant get it done, the gop loses next year, now, thats a powerful threat. Any positive news on tax cuts would surely help stock market some more. As we have said so often, sit back and watch history unfold, this is a stock market rally for the ages. Varney company is about to begin. Stuart well, let me show you this again, ladies and gentlemen, look at the futures market. Indication of how we are going to open at 9 30 this morning. We will be up. We will hit record highs all across the board. There are four dow components which have already reported their financials this morning, 3m, caterpillar, mcdonalds and United Technologies. They are going to be up 6 and a half percent and mcdonalds stocks up a little. All straight up. Now here is another one for you, Fiat Chrysler and General Motors, standout is general matters, it made 2. 1 billion profit just in north america and
Among them, print alaweed and western businesses including the Parent Company of this network. Saudi arabia is a bulwark against the iranian power in the oil patch and they are cracking down. The tax package, good for business, good for middle america. How much help to the economy get when the 1 end up paying much more than how much help for the Housing Market when the mortgage deduction is cut . Still very much a work in progress. One less headline. Vin scully has had it. So disgusted the up and protest he wont watch any more. Stay right there, please. A whole lot more coming right after you. Varney company a route to begin. About to begin. I think that Mental Health is your problem here. This is based on preliminary reports, very deranged individual, a lot of a lot of problems over a long period of time. A lot of mental help albums in our country as do other countries. If this isnt a done situation. This is a Mental Health problem at the highest level. A very, very sad event. These a
Rather thinks its worse than watergate. The presidency is clearly under attack from its own bureaucrats and big Tech Companies, from the courts, academics, the left and media allies, this is intense. Of course, investors are watching all of this, but they dont yet believe that politics stops tax cuts and growth and profits. For now they are ignoring politics. Will you please look at this. The dow closed yesterday 20,600, up since the election and no significant retreat today. We will be down maybe 30 points at the opening bell, but on a 20,000 dow, thats nothing. President has weighed in via an Early Morning tweet. Part of this reads like this. Great level of confidence and optimism even before the tax plan rollout. As we often say, you have a front row seat, so, sit back, watch history unfold. Varney company is about to begin. We begin today with this, today is a socalled day without immigrants. Ashley, you better explain this, as a fellow immigrant, explain this. We showed up for wor