Advisor gary cohn. And kevin har hark hassett defeg trumps two years of tax cuts. Is this just prfrom two guys who formulated the plan or did the tax cuts really payoff. The tax cuts really paid off. There is always a an anecdote. On machine wh someone maybe dids well, but the majority of americans got tax cuts, if you have a financia 401 k , you pare in that, this year all Asset Classes are up, you have record lows in unemployment across the board, including minorities and women. Overall, this was a great success. You cannot attribute things like unemployment going down, rising markets, and general goodwill in the gdp to tax cuts, those trends were well in place what . Woe let me finish. And wage growth past 2 years 2. 4 . Both slower than it was in 2016. And 17, as in end of obama administration, as you know, i dont think any of it should be attributed to obama or trump. David another fact Federal Reserve had a forecast at beginning of this administration that Unemployment Rate would
They say they are studying the proposal but no rat ratcasion vote has been announced. We confirmed that President Trump spoke to morning. Im hearing very good things from unions and others it is look good, a lot of stridessa he been made. Reporter house on christmas break december 20, there are a few days with no votes schedul scheduled. That means time is limits, a spokesperson for senator grassley said he spoke with u. S. Trade representative lighthizer today, senator is hopeful an announcement will come soon, and his committee is getting a briefing this week about this all signs pointing in right direction, if there is a vote scheduled because of the enforcement language changed, mexico will have to reratify the agreement, and canada with new ledge lake, with lake legisd well see what nancy pelosi does, there are report that Jared Kushner and u. S. Trade representative lighthizer are going to mexico tomorrow to push this usmca, because mexico would have to reratify it. David a lot o
It right here live. And we are looking for more market records today. The dow and s p and the nasdaq, all expected to make records. It was a year ago today that the market was in freefall. Remember that . It was about 6,000 points lower on the dow. That is very much not the case today. Varney company is about to begin. David and there is news overseas. We are watching hong kong this morning. Monthslong protests are flaring up once again. Riot police fired tear gas at protesters this morning. We are going to be monitoring this throughout the morning right here. But lets focus on some positive news at home. A brand new sales record, Super Saturday sales hit 34. 4 billion, the biggest single day of retail sales in u. S. History. The figures coming from Customer Growth partners. Joining us is retail watcher michael zacore. Ive got to think this is all about the economy. We have fatter wallets because people are making more. Weve had increase in wages and we have jobs galore. Is that why pe
Unified party. One democrat switching sides, some others may vote no. But the end result is not in doubt. The president will not be removed from office. Now look at this. The market is going up again. The dow is being held back a little by boeing. The journal says it may halt or cut max jet production. Boeings a dow stock, way down, hurting the dow average by about 90 points. We also have to tell you that bank of america is talking about a melt up for the market into next year. Look at the market go. The dow is going to be up about 80 points despite the news on boeing, up about 80 at the open. S p, big gains, 17 points. Thats more than a half percent. The nasdaqs going to do well, 50 points higher. That is a rally this monday morning. In britain, landslide winner, Boris Johnson, is pushing hard for a brexit vote by christmas. Then he wants to work on a trade deal with trump next year. Defeated socialist Jeremy Corbyn says he won the battle of ideas. He just couldnt convince voters he w
Money. The usmca is nearing the finish line. U. S. Mexican and canadian trade representatives are in mexico city for a signing ceremony as House Democrats announced they have the votes to approve the trade deal. Adoption of the usmca is one of President Trumps Biggest Campaign promises and would be his biggest bipartisan policy achievement. Trump tweeting this americas great usmca trade bill is looking good. It will be the best and most important trade deal ever made by the usa. Good for everybody. Farmers, manufacturers, energy, unions, tremendous support. Importantly we will finally end our countrys worst trade deal nafta. Edward lawrence is joining us from washington with the latest on this. Edward . Hey, jackie, theres a victory lap going on by the democrats. House Speaker Pelosi says that she received a usmca deal that was a nonstarter and through their negotiations, they turned it into the Gold Standard for trade deals. Listen. Theres no question of course that this trade agreeme