Down as well. Look on your screen, theres the list. All of them bigtime to the downside. No pullback seriously, though, for stocks flat to slightly lower at the opening bell. We dont know how the market is going to close. It is facing a threeday holiday weekend, but so far that has been no sell on the news of the tax cut deal. Im going call this one a corporate bombshell, eric schmidt is out at google, this is the man who built the company at global phenomena, started google, gmail, google maps and android phones. Google says its time for the transition. Theres speculation that personal relationships were part of this departure. There are a lot of surprises this morning and Varney Company is about to begin. [laughter] stuart that was good producing. Theres no place like home for the holidays. Thats absolutely for sure. You saw them, theres the lawmakers, they are all coming down the steps. Get out of dodge, they follow and get out of dodge, ran downstairs, heading home for the holidays
Im katty kay in washington and Christian Fraser is in london. Add iran to the list of countries grappling with a populist wave. The violent demonstrations of the past six days surprised everyone, but their roots look familiar. Protestors are fed up with the establishment in tehran spending money on foreign ventures that cause Economic Hardship at home. The Supreme Leader, Ayatollah Ali Khamenei, has blamed irans enemies, the United States and saudi arabia. President trump certainly sees opportunity. But there is no leader of this movement, no obvious manifesto, so where does it lead and what it can actually accomplish . Our middle east editor jeremy bowen reports. In tehran, squads of Motorbike Police are cruising the streets to break up groups of demonstrators. The protests have changed since they started last thursday. To begin with, they were about the economy. Most of the protesters are young men. More than 50 of iranians are under 30. And perhaps 40 of them are unemployed. That pe
Cheryl the focus on all this is on the 10year treasury yield. Worries out of federal debt and Interest Rates, as you can see yield is 2. 84 . Lauren we had a hawkish tone from the European Bank yesterday central bank done are down across the board. The cac in paris is down half a percent. Cheryl in asia stocks slammed, nikkei down 2. 3 , in china down 4 . Lauren biggest leak in the history of apple. Someone actually leaked the secret source code for iphones of the worldwide weapon, fbn am starts right now. Cheryl 5 01 a. M. In new york, its friday, good morning, im Cheryl Casone. Lauren here we go another crazy day of tradeing, im lauren simonetti. The government has been shutdown for five hours, this is the second shutdown less than a month after congress failed to pass the spending bill in time, youre looking at nancy pelosi live pictures on the house floor where lawmakers are debating a bipartisan twoyear budget deal that the Senate Passed right now. And today we have an opportunity
Heading south. Look at this. Interest rates, well, they have come down, way down from where they were this time yesterday, it was high Interest Rates that in part spark the selloff, now they are way down. Lets be clear on this tuesday february 6th, you will see nerve ramming ups and down. Maybe some perspective is required. Number one, nobody is forecast ing a recession. Number two, a pullback is in evitable after such a powerful and unbroken runup. Three, all of the gains from 2017 are intact, its just the gains of 2018 that weve lost at this point. Number four, as of now, stocks are cheaper than they were 24 hours ago but profits are still going up. Now you are going to be hearing a lot of noise from the left, they are eager to Society President trump with anything thats negative. Ignore it. They are grinding an ideological to beat up a president they cant stand, we will tell you exactly whats going on and theyll be some advice too, Varney Company is about to begin. Stuart well, talk
Possibility of a renegotiation. Why does the stock market love that idea apparently with the dow up 255 points . Blake burman has the latest from the white house, he was right there. Someone whod like to also see tpp revived, former undersecretary of commerce for International Trade stephane selig. He was the guy who helped put the tpp together. Hell tell us why team trump should reconsider having tossed aside his hard work on this plan. Plus, the Trump Administration cracking down hard on north korea. Lieutenant colonel ralph peters explains the big sanction move to stop certain ships. And i want to show you this, look at this. Colonel peters gets frontpage status in todays New York Post. His surprising opinion on what america should do to stop mass murder shootings. Colonel peters joins us next. Were live and less than an hour to the closing bell, lets start the countdown. Liz okay. Stocks were already up, but they are now jumping considerably higher at this hour with gains accelerat