Officially named as his pick for secretary of state. Controversial because some say that tillerson has a waytoocozy relationship with the arab nations who produce oil. Can tillerson strike the right diplomatic balance with the saudis, iran, israel and all of those other nations . A fox business exclusive with the man who might know, the former u. S. Ambassador to saudi arabia, robert jordan. Plus, were on trump tower watch. Take a look at this, the most powerful man in the world meeting with the richest man in the world today, moth cofound microsoft cofounder bill gates taking the golden elevators to the top. President elect is expected, by the way, in this hour to depart for wisconsin for the continuation of his thank you tour. His rally will begin sometime this evening, but he will leave any moment from now so, of course, we have the fox business caravan cam at the ready. Plus, a poor diagnosis for qwest. That stock is on the move and not in a good way. Is it Mission Impossible to sa
When investors expect the market to rally into the change of the calendar, better known as the santa claus rally. But so far everyone seems to be searching for santa. And today wasnt any different. Triggered by a better than 3 drop in the global oil benchmark, stocks ended the day lower but well off of their lows. The dow fell nearly 24 points to 17,528. The nasdaq dropped 7 1 2. And the s p 500 was off more than 4 and is once again negative for the year. Bob pisani takes a look at whats going on. Reporter a lot of investors are relying on a yearend push, but we may have the santa claus rally with a big 3 move up last week. The traditional rally during the last five days the trading year and the first two of the new one is called the santa claus rally. Its been a very reliable trade. Its good for a roughly 1. 4 gain in the s p 500 since 1950. But were off to a rocky start. Decembers usually a reliable up month. Its been up six of the last seven years. But its down actually for the mont
When investors expect the market to rally into the change of the calendar, better known as the santa claus rally. But so far everyone seems to be searching for santa. And today wasnt any different. Triggered by a better than 3 drop in the global oil benchmark, stocks ended the day lower but well off of their lows. The dow fell nearly 24 points to 17,528. The nasdaq dropped 7 1 2. And the s p 500 was off more than 4 and is once again negative for the year. Bob pisani takes a look at whats going on. Reporter a lot of investors are relying on a yearend push, but we may have the santa claus rally with a big 3 move up last week. The traditional rally during the last five days the trading year and the first two of the new one is called the santa claus rally. Its been a very reliable trade. Its good for a roughly 1. 4 gain in the s p 500 since 1950. But were off to a rocky start. Decembers usually a reliable up month. Its been up six of the last seven years. But its down actually for the mont
When investors expect the market to rally into the change of the calendar, better known as the santa claus rally. But so far everyone seems to be searching for santa. And today wasnt any different. Triggered by a better than 3 drop in the global oil benchmark, stocks ended the day lower but well off of their lows. The dow fell nearly 24 points to 17,528. The nasdaq dropped 7 1 2. And the s p 500 was off more than 4 and is once again negative for the year. Bob pisani takes a look at whats going on. Reporter a lot of investors are relying on a yearend push, but we may have the santa claus rally with a big 3 move up last week. The traditional rally during the last five days the trading year and the first two of the new one is called the santa claus rally. Its been a very reliable trade. Its good for a roughly 1. 4 gain in the s p 500 since 1950. But were off to a rocky start. Decembers usually a reliable up month. Its been up six of the last seven years. But its down actually for the mont
Cheryl spike is a she. I cannot wait to meet her. That is a little bit later. Lets head back to the floor of the New York Stock Exchange. Nicole e cigarettes are very popular. Everyone will be waiting for that segment. Five straight weeks of gains for the dow. Today, pulling back some. Down one third of 1 . You do have energy that has been weighing on the dow. We have had five straight weeks of gains. Also, everyone waiting to see what the fed has to say. We did get some pending home sales in as well. The saks fifth avenue story, they own lord and taylor, it does include dead and gives them find real estate. Peridot is buying them for 8. 5 billion. Back to you. Adam thank you very much. 835 billion deal. Two of the biggest names joining forces. Dennis the largest ad Holding Company in the world. You have paris based publicist. Annual revenue of 23 billion, almost. Controlling ad revenue. They are merging as true equals, but are they to equal . We talked to the ceo, the Number One Firm