Mcconnell wants the tax cut to be revenue neutral and dont add to the debt. That would surely slow down the effort. And now to the farce, the Clinton Campaign manager believes the election was rigged by russian meddling and wants to overturn the vote and undermine trumps presidency. Trump himself, well, three top jobs filled today and hes off on another leg of his thank you tour. Varney company is about to begin. Well, im going to call it the trump cando cabinet and its coming together. Rick perry will need the energy department. Rex tillersons the secretary of states job. The announcement with a typical tweets. Ive chosen one of the truly great Business Leaders of the world, Rex Tillerson, exxonmobil to be secretary of state. The president elect added his third Goldman Sachs executive to the administration. Goldmans president gary cone, the economic council. Well have this shortly. The dow will have another higher opening. Closer to 20,000. Oil, a nice pop yesterday, up 53 a barrel. T
Who is Donald Trumps pick to be secretary of state but there could be problems coming from republicans. Marco rubio concerned about his friendship with Vladimir Putin. The largest valued company on the planet saying even in the middle of the stock freefall, oil and stabilizing prices would rule the day. Take a look. If we do settle into something that is globally much more severe than we appreciate, oil will slide precipitously. In our 125 years we have been in existence we have been through a lot of big commodity price wings, we kept the business viable and managed through those. In the case of exxon mobil be built the company to deal with these kinds of large corrections and still be viable and an Important Energy supplier today and for the future. Neil i had a much better to pay back then. The other was how calm tillerson was about a swoon in oil prices, something to capitalize on by making Oil Production deals around the globe and pushing for fracking in this country. Suzanne malon
And nfl legend jim brown. Well tell you why. Donald trump adding two big texans to his team. We love texas. Exxon Ceo Rex Tillerson as secretary of state. Sources telling fox news that former Texas Governor rick perry will head up energy. Were live at trump tower with the latest. David before we get to all that, lets go back to wall street for a recordmaking day. The dow up 110 points. Less than 100 points away from a major milestone, 20,000 for the dow. It has only been three weeks since we hit 19,000. Looks like its a trump rally, folks. It has been a rocky day for oil. Trader Scott Shellady is here to tell us why and lori rothman on floor. New york stock exchange. So the biggest movers, lori, who were there . Hi, david. Look at the dow and break it down. Intel up with two and 1 3 . Exxonmobil wishing Rex Tillerson sending him off. Ibm up as well. Microsoft alltime high. Bill gates went up the golden elevators to meet president elect trump. The news about ear pods, wireless ear buds,
The bad news for yahoo is that the 4. 8 billion deal between yahoo and verizon may be on life support at this hour. Bloomberg is reporting that verizon is trying to negotiate a price cut or even an outright exit from the deal. Maybe they want out and yahoo taking the potential rejection very badly. It is down more than 5 after it announced it had the biggest hack in internet history. More than one billion users compromised. We have a fox business exclusive with cofounder of aol, steve case, were going to ask him if he were the ceo of verizon, now knowing what he knows about all the yahoo breaches, would he get out with his jacket still on . And is part of this verizons fault . Steve case in a fox business exclusive. Plus, mystery in the motor city at this hour. General motors hastily calls a News Conference but the auto giant wont say what its about. Will ceo and chairman mary barra say her company is officially at war with china or Reveal Technology that could disrupt the entire indus
Irs employees living in the lap of luxury. David oh, great. Melissa perfect. David of all the agencies to waste money. Back to the markets. Well get to those stories in a minute. The dow ending in positive territory but not high enough to score a new record at the close. Were back to 140 points from 20,000. Still pretty high. Gold taking a huge tumble today. Phil flynn has the very latest on that from the cme. Lori rothman on the floor of new york stock exchange. Lori, what was holding the dow back . Couple specific names, david. Breaking earnings news from oracle. If you like i can get with those. These are headline downers if you will. Nike off 1 . United technologies off 1 . Ge also off. Boeing down half a percent. Many names are considered consumer second calls or economically sensitive. Even though we saw gains there was probably a little bit of hesitation here in terms of getting to the key psychological dow 20,000 milestone everybody is so anxious to get to as well. On the other