Plus it is round two astrumps cabinet appointees are taking the hot seat on capitol hill. The hearing for interior secretary is currently underway. In just one hour, Senate Democrat are expected to grill betsy devos, trumps choice for education secretary. Fox business will be bringing that hearing from stem to stern live. Coming upjohn stossel will join on after the bell to sound off on all this. Melissa dow plunging as dollar slides to onemonth low as president elect donald trump described the currency as too strong in an interview with the wall street journal. Phil flynn, Price Futures Group is fox business contributor. Watching action on gold from floor of the cme. Lori rothman on the floor of the new york stock exchange. Lori, start with you. What was driving the trade here. Dollars was a big theme throughout the session. What is wrong with a strong dollar . Multinationals that do a whole lot of business like nike, mcdonalds, makes it more expensive for them to do that business. Si
Lawmakers gear up for the battle budget. Still tax cuts are nowhere in sight. David im screaming now. Melissa no annoying. Secretary of state Rex Tillerson sending a Crystal Clear message threatening north korea with an american at take saying all options are on the table to deter any unpredictable regime. This hour we are joined by retired fourstar general jack keane, steve forbes, of forbes media, bret baier, anchor of special report on fox news, and Country Music legend larry gatlin. David a allstar lineup. Melissa wow. David back to the markets. The dow closing in the reddening positive for the week. Phil flynn, Price Futures Group and Fox News Contributor watching oil and gold. And adam shapiro on the floor of the nyse. Adam, first of all, it being came so close to breaking a record but just missed the mark. Why is that . Reporter preserving capital might be one reason. A lot of people are talking about that today. The nasdaq did hit a alltime high during the merkel Trump Press Co
Momentum heading into his own debate on sunday. Melissa back to the markets. The dow ending the day up triple digits, led higher by shares of goldman sachs, caterpillar and jpmorgan. Oil also moving big as Hurricane Matthew closes in on the u. S. Phil flynn of the Price Futures Group is a fox business contributor. He is watching the action from the cme. Lori rothman is on the floor of the New York Stock Exchange. Lori, retailers getting a big boost today. I think it is fair to say, melissa, that the positive tone was set earlier with finally good news on the u. S. Economy. Ism nonmanufacturing survey, into things that comprise a lot of consumerbased names came in much better than expected. It was the best month for the Services Industry in the last 11. And there you can see some. Jewelers did phenomenally well today. Signet jewelers up 4. 6 . Fossil, sears, gap, range of retailers with pretty significant moves to the upside today. Lets talk about twitter because the wall street journal
Will decide. Donald trump and Hillary Clinton in a Battle Ground blitz, campaigning in key states. Trump speaking in ohio. We have latest on state of the race. Racing to cross the border, a wave of illegal immigrant surging into the u. S. Just ahead of the election. How are voters responding in texas . The texas gop chair joining it. State Department Emails showing up Anthony Weiners laptop according to fbi sources. Does this put hillary in even more trouble . Melissa quick check of the markets. The dow ening the day and week lower. Proctor gamble, travelers, disney among todays biggest drags. Oil dropping as well. Phil flynn of the Price Futures Group is a fox business contributor. He is watching all the action from the cme. Lori rothman is on the floor of the new york stock exchange, and lori, historic milestone in the selloff for the s p, yikes unless youre long on the vix. The vix has been up, melissa, just as long as the s ps been down. Right now youre looking at the s p 500 down
Leader, they are on even higher alert for the voice the japans Prime Minister. Carl icahn turning down trumps offer to be treasury sectarian giving his pick for the job. Melissa back to the markets, dow driven by shares of home depot, microsoft and nike see. Phil flynn of Price Futures Group is fox business contributor. He is watching action in oil and gold and the slide in gold from the cme. Lori rothman on floor of new york stock exchange. Lori, the russell 2000 ending at another record high. Tell me about that trade. Fourth day in a row, i believe, melissa. Were pointing out the dow, for its part less than 100 points away from 19,000. So the trump on rally if you will continues today. But the russell for its part is composed of small cap stocks that are largely based here in the u. S. Theyre high growth names. The thinking is that with a trump presidency, rolling back bank regulation, support for a lot of energy industry, youre going to see these names really start to progress and g