News right now thanks, guys have a good weekend. See you later. Lets get more on the breaking news out of washington our reporter standing by right now, eamon javers has been in bridgewater, new jersey, and has the latest developments on Steve Bannons exit. Ylan mui reporting on the potential impact on the economy. And bob pisani watching the Market Reaction on the floor of the New York Stock Exchange. Eamon, lets start it off with you. Reporter heres the official statement as it came through from the white house earlier today, saying that steve bannon, was, in fact out the white house saying white house chief of staff, john kelly and steve bannon have mutually agreed today would be steves last day we are grateful for his service and we wish him the best this continues what has been a tumultuous year for white house staffers and highlevel officials, both lowlevel folks and highlevel folks in this white house have been booted out during the course of the year. Take a listen to this soun
Today. Dropping for the third consecutive day. Uncertainty, across the globe, all these currencies are rising against the dollar. Bond deals of falling, a big day today in the u. K. On house prices. London asking prizes up. Over the last year according to the latest data. That 2014ll below peak which you can see there. London is the blue line and the u. K. Asking line is in white. That is when prices were up. This is the second time this year the annual rate is topped by 1 . It is a traditional summer lull. The Property Market nationwide has softened in the last year tax changes, brexit, Political Uncertainty has put a squeeze on consumers. Nationwide, the market has held up better. , asking prices, down. 9 in august from july. The annual gain accelerated slightly to 3. 1 . Money managers pushing their bullish bets on gold to the highest level since october. Wages have surged more than sixfold over five straight weeks of gains. Those five bars to the right of your chart. Climbing 12 th
Washington worries the manager of the Biggest Hedge Fund wrote a post saying im watching how conflict is being handled as a guide, im not encouraged the bridgewater founder was initially confident that President Trump could stimulate growth tru throuhrough tax refo dered deregulation well hear more from ray dalio next month when he joins the delivering alpha conference. A los angeles jury ordering Johnson Johnson to pay 417 million to a woman who claimed that the talc in the baby powder caused ovarian cancer. J j says it will appeal the ruling its the largest yet in lawsuits saying the company failed toed a quickly warn consumers about the cancer risk of its talcbased products Johnson Johnson faces 5,000 cases nationwide long long ago, the ceo of i think it was after ralph larsen i had read about this probably ten years ago. 5, 10 years ago. Sometimes the shape of a carcinogen im not slaying talc is a carcinogen there was scuttlebutt about this, at least ten years ago i have not touche
Month. The reporter who broke that story with the latest. And shares of Home Builders Toll Brothers after a mixed Earnings Report and well hear about the companys cautious outlook but we start with the latest on tax reform and a report from politico says the big six are making significant strides on a plan moving past the framework pushed out in july, and one of the big six, Speaker Paul Ryan, is optimistic about getting things done. Heres what he said in a town hall last night. I believe its going to be far easier for us to do tax reform than it was say for Health Care Reform all right how close are we to getting a plan, and what exactly would be in it . Joining us are politicos nancy cook and our own ylan mui. Glad to have you both here for this discussion. Nancy, i was looking at your proposal today about the items that people are kind of rallying around here, but they include controversial ones like, you know, capping the Mortgage Interest Rate deduction and getting rid of the dedu
Stability in washington and any hint i mean, any hint that the growth agenda could get done. And perhaps overshadowing, pun intended, all those headlines today, the Solar Eclipse. Many are wait what many millions are waiting what many are calling a once in a lifetime event. Varney Company Begins right now. Ashley we begin with sad news this morning, the search continuing for ten u. S. Sailors missing after an Early Morning collision between a Navy Destroyer and a tanker or near singapore. What on earth is going on. Whats the latest . Yeah, search and rescue underway. It happened east of singapore. It hit an oil and chemical tanker three times its size. So basically this is the second serious collision in about a month. The uss fitzgerald collided with a freighter off the coast of japan, seven sailors dead there. Sailors are being evacuatedded, and so the search is on right now for the ten missing, five injured as well. Ashley all right, thank you very much. Lets bring in colonel ralph