, but overall stocks are indeed mixed. A little change after closing at record highs yesterday. A bit of a cause. Not unusual in this current market environment that we have record after record after record and little bits of causes in the in the middle. S we are not seeing those in the various industrial stocks. A lot of different news flow in this industry. Lets start with john deere, the tractor maker. Farm incomes are still languishing, but the cycle has now gone on so long that peoples equipment is wearing out, so they have to replace it anyway. That is driving sales there. Axalta coding, after a bit cell apart, those shares are rising about or percent. Rockwell automation on the flipside, spurning a third takeover proposal from emerson electric, saying it is still undervaluing the company, 29 billion is the current bid. Emerson electric shares up by about 2. 5 . Pricesg it out with oil this morning, a significant upward move in oil trading close to 58 a barrel for wti. That is af
It goes downhill from there. That is clear political bias, contempt for the President Trump inside the investigation. Today we will pill back the layers of the story. You will see the deep state of work. Now look at this pivot 99 of the vote counted, Democrat Doug Jones at wheaton republican roy moore in the Alabama Senate race. A defeat for President Trump for backward more. It is a defeat for the Republican Party which will have a slim 5149 majority in the senate. Democrats much stronger than the 2018 elections. This one affects the compromise on taxes. A corporate rate of 21 and a top individual rate of 37 . Given the alabama result, the republicans very quickly. Money looking at a market that will open flat to slightly higher through the focus on tax cuts in getting the deal done quickly. The president make his final pitch this afternoon. Varney company is about to begin. Well, talk about a political bombshell. Here it is printed text between peter strzok and lisa paige obtained by
Should be focused on what is it welcome to power lunch we are in rally mode the nasdaq hit its first record for december the dow jones and the s p 500 on the fourth straight week of gains. Consumer discretionary moving big. Underarmour moving higher. Kohls also. And take a look at the electronic retailer, up more than 50 this year thank you we begin this hour with tax refo reform expected to be agreed torsion signed, eventually unveiled to the public later today we still await the final details of what is in and what is out. Live in washington reporter two sources now confirming to me marco rubio does plan to support the republican tax bill. They put in some lastminute changes to win him over. Namely increasing the refundable portion of the Child Tax Credit. Just about an hour ago, kevin brady who chairs the ways and Means Committee spoke about at the chances of the bills passage, not just through house but also the senate where republicans have a very narrow margin im confident at the
Bloombergs Abigail Doolittle is here. Thin trading today. Abigail youre right about that. Small gains for the major averages. Nothing to write home about. Many investment traders taking a holiday break, certainly from the trading action. One exception look at the dow. 5 , buckingown the small gains trend for the major averages. Lets look at the major drags. The truckers, at logistic companies, and of course, union pacific. Jb hunt down 1. 9 after the Trucking Company did preannounce it fiscal Fourth Quarter. The earnings below consensus by about 20 more than 20 . It could have summoned to do with a onetime charge plus insurance claims, that even so this does seems to be putting a drag on the space. Union pacific down 7 10 of 1 on coal. 7 on coal production. That is a bit of a drag there. On the other hand, we have two of the big tech names trading higher apple and amazon. Its first day this week. Amazon higher for a third day in a row with writer saying they are in talks to open direct
Yes theres still questions to it. How much do you keep . How much can you write off. But coming down pike one, two trillion infrastructure plan and continues to be optimistic to push for prosperity in your wallet Varney Company right here starts right now. Charles i know the frozen tundra is redundant but necessary the east coast and west coast in already a serious e deep freeze and it will helicopter into the new years. Youre looking at windchills check them out negative numbers across the board absolutely phenomenal. On the other end the scale higher oil near 60 last two sessions. But not because lots of people are using heating oil the big spark the last couple of days has been libyan where fallout after that pipeline blast and adam you have nor details on that. A blast they expect to have this pipeline back up and running in about a week but knocking 100,000 barrels off of the market so price was trading above 60. And highest it has been in a long time. West texas take a look at th