On Economic Optimism around tax reform. This is an appropriate week for that last one. Basically inline, isn manufacturing index, month of november. Major averages, not much of an influence. We are looking at a small decline. In recordt putting highs. We have had several record highs in a row for the dow, but this is the first down day in six for the dow, at least right now. The tech heavy nasdaq down nearly half a percent. This week has been about a lot of volatility. As you look at the fiveday chart of the nasdaq 100, monday and tuesday flat, and a big on wednesday, a tech selloff. A bit of a rebound yesterday. Now, we are looking at a drop again. The nasdaq down about 1 . The dow one pays for its best week of the year. A do in terms of volatility. About 15, closer to 16. The s p 500 vix closer to 11. Interesting to see how all of this plays out. Volatility tends to breed volatility. There may be more intraday and closing day moves ahead. We do have november auto sales out. A bit of
Charles great to have you on we could see the finish line. We can see it. Yes. I think its there. Charles i think its there, but theres still a little bit of pushing and pulling and i think it feels like the house has the most confidence going into this. Theyve been on the same page together, i think theyve delivered closer to what President Trump wanted. So how do you see this coming out the final version of this bill . Yeah, well on the tax plan first we just had a cr vote with all 218 republicans passed in the budget so thats a good hint , we had Conference Last Week and this week, and leadership said were all on the same team so while that holds that is just tremendously good news so on the tax bill, i mean theres a few things hanging out on the senate side. The senate side delays the corporate rate reduction until next year and hopefully they fix that up the amt like you said is in play and theres a few other pieces but the senate also did good heavy lifting getting rid of the ind
Later on tonight, so want to bring in lewis gomer at the rally joining us now. Congressman gomer, all eyes on alabama all of a sudden. Its the center of the universe and it seems like everything is at stake. What do you expect tonight at the rally and tomorrow at the election . Well, i expect the rally to be terrific tonight, but roy had asked me to be here. I met him many years ago when he and i were both judges. This is a man of principle and i am just outraged and shocked at how many people who used to be for due process, something this country was about turning around and said somebody has made an allegation about Sexual Offences my word is that all it takes to lose an election . We saw fraudulent charges against ted stevens and he was tried a week before the election and lost by 1200 votes and cost him the seat and his life and look, i may be the only person here whose ever looked at a man in the eye and senate seemed to die because of what he did to a woman. I take those things v
We know this is the greatest country on earth and we know that america has better days ahead and we know that mesh has so much more potential to tap. This bill taps that potential. Liz this as democrats release their new battle plan to regain power next year. Democrats will now pull out all the stops, you may see nothing yet as they launch what will be what they call a yearlong Assault Attack in the tax cuts. Now, calling it a frankenstein monster that will destroy american households and atax scam as the white House Republicans say do you know what you could see your pay go up as early as february. Were on it. This as the media downplays big businesses passing along the benefits of tax cuts in the form of higher wages, bonuses, Capital Investments and more. Weve got the details and the scorecard to help you track this fiery debate as big name economists and think tank now weigh in. Well give you their verdict on who wins and who loses under the new tax cuts. Politics and money, were a
Have the upper hand with the democratses shut down the government if they dont get their way. Well see. Big show today, youll be shocked to learn just how much federal bureaucrats make the people who control our lives are laughing all the way to the bank. And business is on notice you got what you wanted. Now you have to invest in america. And heres another shot coming your way. The weather is going to get even colder. You know ive got to love doing this show. I came back from south florida they for this. Varney company is about to begin. Wow. The bitter cold continues. Frigid temperatures spread all across the country. Will you look at those windchills please, just look at that. And by the way, a big storm is expected to ham orer east coast all the way from georgia to e maine some forecasters calling this storm a bomb cyclone. Because its pressure is predigitted to fall so fast and bring heavy snow very, very quickly. Bomb cyclone theres a headline for you if theres even snow in the f