The tiebreaking vote. With only 99 senators voting there will be no tie. One side will have to win over the other. Mike pence can not sweep in like knight of shining armor for the gop. Watching from wall street to capitol hill. They have that happened immediately following the house vote. Can the markets get back into the green for their Third Straight record close . Keep it right here. In the meantime to capitol hill did pass that tax reform bill. Republicans losing 12 votes while no democrats voted yes. Fox business adam shapiro is right there on capitol hill. All right. To the timeline and were not wrong, are we . That this is a very narrow situation in the senate; right . Its a narrow situation. But, you know, with only jeff flake, essentially, lets say he voted no, you still pass this bill because you have the Vice President that would break any kind of tiebreaker and john mccain not able to vote, the threshold doesnt really drop all that much. Because you actually lower the thres
Is outside the white house, elon is there in washington standing by with the latest on the tax bill itself. Lets start with you, what do we know about this event coming up . Reporter theyre not actually going to do a bill signing. The sbil not ready to be signed just yet, but this is very much a Party Atmosphere here on the south lawn of the white house. We have the marine band going through a list of Christmas Carols a few moments ago theyre serving hot drinking over here. Some of the vips and dignitaries have gathered in the audience. You can see behind me, republican members of congress lined up on the steps just above the south port co. Here on the south lawn of the white house. This is a unified Republican Party right now. Theyve been through a lot of tough infighting particularly over obamacare, this is a big win. This is a moment in which youve seen the president of the United States already today handing out praise to republican leaders, some of whom hes been attacking earlier
Driving the market for these gains. Inhave the dow up the most the three major averages. The nasdaq on pace for its best when streak since the beginning of october. Lots of optimism and one driver could be earnings. The Fourth Quarter Earnings Growth in a yearoveryear basis should come in at 11. 9 to thats the best since the First Quarter of last year but we see 2017 very strong relative to Earnings Growth. Could be one reason the s p 500 had its best year last year since 2013. Suggesting the strength we are seeing could just continue in 2018. Another driver on the day, oil. Up 2. 3 . There is optimism that supply will be tight and taking oils to level oil to levels last seen in december. E have one bearish patch take a look at express and urban outfitters. All of these companies plunging week disappointing holiday comps. Got real weakness for some of these retailers. Very interesting is the fact that the recent Holiday Season is considered to be the best in a decade. Not seeing its wi
That limit their liabilities tied to the satellite. The European Central bank with the change the narrative on the state of Economic Affairs across the continent. Speaking today at a conference frankfurt. It would to focus on the future. We want to strengthen the recovery. It is an extension. It is not about moving out, it is about the pairing for the next session. And as strong as possible when it comes. The link to the better, obviously, but we have to prepare for that. He also said that some economies in europe need Structural Reforms to make the Single Market work better. Global news, 24 hours a day, powered by more than 2,700 journalists and analysts in more than 120 countries. I am mark crumpton. This is bloomberg. It is noon in new york city. 5 p. M. In london, and 1 00 a. M. In hong kong. Markets. E to bloomberg your other top stories and around the world that we are following. U. S. Stocks in retrieval after hitting alltime highs on wednesday. Bonds are under pressure to as th
Short Government Shutdown, now over. Democrats say they were able to reach a deal with a pledge that republicans will work with them on immigration. The motion is adopted. Reporter day three of the Government Shutdown proved to be the last, for now. To do any victory laps for any one side would be inappropriate. Weve got a lot of work ahead. Reporter lawmakers in the house and Senate Passing a temporary fix to fund the government for another three weeks. The president placed blame on the far left. But democrats led by senator Chuck Schumer say trump refused to negotiate. The great dealmaking president sat on the sidelines. Reporter the white house claimed trump was behind the new bill. Lawmakers said bipartisan debate got it done. We want to negotiate and get to a place, and were hopeful we can do that the next couple of weeks. Reporter success will hinge on the major Sticking Point for the democrats, the fate of d. R. E. A. M. Ers. The more than 800,000 undocumented immigrants brought