Now investors, well, they like all of this, apparently, new records for stocks across the board yesterday and those high levels will be held this morning. No retreat maybe a marginal gain again. The improving vote count for tax cuts does go down well on wall street. Theres another huge black eye for uber, they were hacked. Information on 57 million customers got out, uber delayed a year before telling the world and they spent a 100,000 bucks to keep it quiet for so long, thats not good. As you can tell, we cover it all, Varney Company is about to begin. Dote, wait up. You have to stay with me, boy. You dont know where we are. Stuart well that is the latest, it is a blockbuster from pixar, its called coco and being released today, however, the chief creative officer at pixar studios john is taking a leave of absence amid Sexual Harassment allegations. Does this mean the next pixar movies will not have the creative impact . Ashley that could be the case. If its long term, the could have
Slight enough of that. What reported yesterday. The ftse in london higher by 12 good cac in paris or fractionally. The dax or fractionally. True three in asia you can see the shanghai composite was down almost 20 of the indicated japan is a fairly good open for business in south korea. The hang seng the kospi rather as a type of of the hang seng in hong kong earlier this morning. Trade to do not disturb. The security chain coming to Disney Resort hotels requiring staff to inspect your room daily. Fbn am starts right now. Adam good morning, everybody. One minute after 5 00 a. M. A lot of coffee. Lets just get going. December 27th amendment should peer win for lauren simonetti. Lea im Lea Gabrielle and four. Transferred only to be helped further by our tax code that will be here for companies and jobs for another year of success. He also appears to be setting the tone to work with democrats leading republicans and democrats will eventually come together to develop a new health care plan.
Well, tha a big question a big meeting on capitol hill tomorrow may give us some answers perhaps the fist big test of the new year will come from iran. Deadly empty government protest there, least 20 people reported dead calling those protesters, quote, enemies of iran. Big day, of course, as we kick off a new year 218 is here and Varney Company is about to begin. Well, have you noticed unless you live in very southern, florida or out on west side in california it is freezing outside frigid temperatures continue to grip wide swaft of the country from pink and purples youre in deep purple youre in deep cold. Heres that weather map where windchills bundle up we mean that is obvious isnt it and snowstorm by the way, is brewing we are told off the atlantic coast. And if it it pushes east it could be a major storm up and down i95 corridor, oh boy looking forward to that. Or more for us on that, potential storm about three minuteses from now. Lets take a quick look at the stock future for yo
Policy and dont trust him on a new emigration law. The white house said it plans to keep working on the issue. I have made clear for 15 months the need for the congress and administration to Work Together on Immigration Reform. It needs to get done. I will continue to talk to my members how to move forward. The president will do his part as well. We remain optimistic about the prospects for comprehensive Immigration Reform. We have seen significant movements on republicans on this issue. We should note the speakers remarks came a day after Senate Republican leader Mitch Mcconnell raise doubts about Immigration Reform legislation for this year. The two chambers of congress remain divided on the process forward with the senate looking for a comprehensive bill while House Republicans want a piecemeal approach. Lori thank you. Adam stocks in rally mode. We head to the floor of the stock xchange, Nicole Petallides there near the highs of the day. Everyone else seems to be happier. Nicole th
Investor dan loeb buys a large stake in dow chemical and calls for the company to consider selling its petrochemical business. Dow is there point largest current investment. In a moment we will talk to someone who tracked activist investors like globe and find out what the Hedge Fund Manager at the move means for dow chemical investors and we are going to move on later this week. Liz claman will be asking dow chemicals chairman and the e. L. About loebs investment and what he thinks of his proposal. Liz is live in davos, sweetened with the biggest names in industry including artie sorensen, president and ceo of Marriott International and michael corbett, ceo of citigroup, a huge interviews you will want to watch later this week and investors playing defense today quite literally. Nicole petallides at Stock Exchange with all the details on that. Nicole looking at these shares of a lot of defense stocks and lot of new highs. Some good earnings and outlook here by one of the names in part