Maria district attorneying not ruling nothing out. Very latest developments there coming up. Sheriffs deputy killed in san antonio, texas after massive sing hole swallowed her vehicle. Another vehicle fell in the house which was likely caused by sewer line. Millions of americans may have to wait until february for any tax refund. Find out if youre affecting. How amazon is looking to revolutionize experience thats taking on. Another record day in wall street and today we are looking at a flat showing so far for futures in the u. S. In Europe Markets are a little changed as well. Take a look where we stand. Cac quarante up a quarter of one percent. Nikkei average half a percent. Hang seng up three quarters of a percent. All the stories coming up this morning and joining me to talk about it fox business Dagen Mcdowell. Chief economic correspondent Jon Hilsenrath and amy holmes. Thanks for having me. Maria thank you for joining me. A pleasure. Where is my coffee. [laughter] dagen we feed o
This as the president elect looks to fill his remaining cabinet positions. Details on whos riding the golden elevators today. Your tax dollars, sadly at waste. New details from a report exposing 125 billion wasted at the pentagon and the coverup aimed at keeping it under wraps. Connell really something else. Back to the markets with the dow making it two in a row. 20th record close weve had this year for the dow. Gold and oil moving today in the opposite direction. So we cover it all with phil flynn watching that action in oil and gold out in chicago at the cme and lori rothman on the floor of the new york stock exchange. What pushed us higher today, lori . The trump rally rolling on as you put it, connell. Really traders taking note of the s p 500 which held support at 2200 and didnt go below. Thats where we saw the heavy selling im sorry, buying, here towards the closing bell. The drivers of the Dow Jones Industrial average there on your screen. Verizon a gain of 1. 25 . Verizon basi
To visit trump tower. The company will invest billions in the United States. Haidi and diamonds are one of rios best friends. Rishaad the dow headed to a fresh record high, s p within a whisker of a record as well. Haidi this is a reaction to the italian referendum, a very distant memory right now. Things seem to be getting shorter and shorter, these major selloffs after socalled black swan offense, but we do have his optimism, but obviously a big day in asia. A bit of a disappointing read on gdp on the Third Quarter in australia. Rishaad straight to the markets, heres david. David right. Quiet start of the day, but obviously we have the aussie gdp print. You have these lines out of the Financial Services commission starting to kick things off on whats likely to be a very busy some ofe of the go for these lines here, coming out of the south korean policymakers that have discussed ways in which they can alleviate the effect of rising yields. The dollar to debts of a lot of the south Kor
Forecasts. The policy rate is unchanged. The central bank, in terms of Interest Rates, keeping them as they are, at 6. 25 . This is the dollar versus rupee. 57. 95, however at this point what is most significant is it has cut its 2017 Economic Growth forecast. We will get plenty more on that and market reactions, but first lets get to the first word news with nejra cehic. SharesCredit Suisse trading higher after the bank stepped off step up costcutting efforts. Down from an earlier goal of below 18 billion francs. The company lowered profit targets for its International Wealth management business and its asian division. German Industrial Production rose less than analysts forecast in october. Production, adjusted for seasonal swings, gain 0. 3 from the previous month, compared to a median estimate for a 0. 8 rise. It signals that europes largest economy took a slow start to the final quarter of the year. U. K. Prime minister has agreed to reveal more details of her plans for brexit, bu
But first, adam shapiro picked a pretty good day to go down to the New York Stock Exchange to do some reporting. This is a big one, adam. What drove it . Reporter you could get a thousand different answers, traders were talking about very big program buys, one for one billion dollars for s p futures. That was part of it. You saw the dow transports, they are up tremendously. Some think that is real legs to the trump bump and trump rally. Bottom line it is expensive market you but it didnt stop. We hit records. Home depot up 3. 2 . Nike up 3. 2 . Ibm up 3 . American express up almost 3 . This will be the by the way the 12th record close for the dow since the election. 21st record close in 2016. Some of the losers today, we cant ignore them, pharmaceuticals. Johnson johnson off 1. 2 . America down 3 4 of a percent. Eli lilly down almost a full president. That is because president elect trump was quoted in Time Magazine, he was named time person. Year. He thinks prices are too high. He pro