This morning, already, Kelly Anne Conway appointed to be counsellor to the president. This is why the dow remains close to 20,000. Investors are betting that trumps pro business, pro growth team will deliver and deliver us to 20,000. Were 58 points away, yes, we have that graphic away. The 20k edition of Varney Company is about to begin. Hark the herald angels sing, glory to the newborn king now thats Christmas Music, okay . None of this classic holiday stuff. This is no, no, no, who is that . Thats frank sinatra. [laughter] im moving to hoboken, number, how about that. Were playing you Christmas Music and yes, of course, were still on dow 20,000 watch. We are, i believe, 58 points away, ive got to tell you the futures are pointing a tad lower for the opening bell this morning. About a half hour from now, im going to call it dead flat, 58 points away. Im going to get to germany now, they have still not found the Christmas Market terrorist, thats who he is. A tunisian migrant previously
Move what youre trying to do welcome to power lunch. Im melissa lee. Stocks are lower, but steady, headed in the long holiday weekend. Nasdaq trying to scratch out gains. Dow 20,000, will have to wait. Still on track for its seventh week of gains. Health care, by the way, the leading secretarier in todays session. Heres what else is happening this hour. A developing story were watching closely, the fbi investigating a hack at the fdic which regulates the big banks. More on this story ahead. Reports that u. S. Government is now requesting select foreign visitors provide their facebook, twitter and other social media accounts when arriving the in the country. Consumer sentiment on the rise and new home sales rising 5 . We also have jon fortt here with us for the hour, riding shotgun. Welcome. Thank you. Good to have you here. President elect making waves today when it comes to russia. Our Nuclear Weapons arsenal and the future of our air defense forces. Both stories front and center this
Posting its worst month in a year. Well tell you why it could get even worse. And how you can profit. The action begins right now. Lets get right to it. With the trump rally on pause and the dow stuck below 20k, one hot sector showing signs of pulling off. Lets get in the money right now. Dan, youre looking at the industrials. Yeah, so, mel, one right out of the gate, right after the election, one of the sectors that took off. The xli, the spdr industrial etf. Whats interesting about the makeup of that etf, there is a lot of defense stocks, industrial stocks, like equipment stocks like caterpillar, and transport stocks. And the transport stocks have really been doing a lot of the heavy lifting. Unp is up 30 of the year. Fedex is up 30 of the year. U. P. S. Is up 21 . But one thing that really caught my eye today is that general electric, which is the largest weighted component in the xli at about 10 , is only up about 2 on the year. Real massive underperformance. One of the reasons for
What do you make of it . Clearly he was involved with isis, otherwise a dead mans switch and pull it after hes gone. Isis told us months and months ago they were going to embed fighters in the refugee flow, move them into europe, set them up, fund them and carry out attacks when the time is right. The time is right, were approaching one of the holiest times in christianity in a couple of days, i suspect everybody is on hair trigger alert over there. And we should be expecting them to act out. Neil you know, captain, back and forti talked to a number of people who say its the cart that comes after the horse here. By that, theyre saying a lot of the guys claim an isis affinity or allegiance not based on isis contacting them or recruiting them as much as them being disaffected, angry, you heard the whole nine yards and that kinship developing. That isis is not to take credit for this. What do you say to that . What i say is isis is the face representing the ideology of jihadist islam, and
China and now russia, president elect trump not taking a backseat here when it comes to issue of americas safety. Here is what sean spicer who has named the white house secretary had to say about all of it. Other countries are talking about not just russia but others have talked about increasing nubbingular capacity. This president is not going to sit back and let countries do that and hes going to put america Security First and foremost. Its a warning to other nations around the globe that as he put in that tweet, unless you come to senses, america is not going to sit back and take action lightly. Trish joining me right now chief of staff for george w. Bush, karl rove, always good to see you. Good morning. Trish whats your take on this right now . This is a different strategy than anything we have seen in the last eight years. Its different than a lot of politicians and hes like, okay, we may be sort of friends with russia or trying to be friends with russia, but im going to up my ant