Coverage. Blake burman at the white house. Edward lawrence in washington. Well start with you, blake. Reporter jackie, last night during the Coronavirus Briefing President Trump first floated this idea of him potentially going down the path of trying to get a cut on capitalgains taxes going forward. Here is what im told according to sources. Right now the white house is exploring that idea, looking into it and doing so via the form of an executive order because there would be little to no appetite within washington, d. C. Right now of doing that legislatively, especially when you consider what the grand picture is with everything. Weve just heard some of it from Mitch Mcconnell within the last half hour or so. Both sides, democrats, republicans, still 2 1 2 trillion dollars apart. Both side right now not even talking. They are also acknowledging that this is going at least for the moment, nowhere. Watch. We are i will two sit down as long as it is a serious negotiation. Thus far it has
The how john conyers is responding to claims that he used taxpayer money to settle a complaint overSexual Misconduct. Internal revenue scandal. New fallout after the irs targeted members of the tea party. Why lois lerner doesnt want you to see her testimony. David even though it affects us . Right. David that we can all agree on, a great news day for you if you have any stocks at all, or 401 k in stocks, youre making money today. The dow ending the day with 60th record close under President Trump. Nicole petallides on floor of new york stock exchange. Some of this enthusiasm scares people. Boy, oh, boy, seems like there is no top to this market. Thats right. You cant stop it. For the most part weve seen gain after gains, thousands of points since the election in november. Today we move up 160 points. We have a record alltime high, for the Dow Jones Industrial average and also the others as we noted. Nasdaq, s p and russell. There was a lot of obviously, we came in with a positive stone
The first leg of his first major foreign trip abroad. Hes going to be facing a lot of challenges and opportunities over the next nine days. More on what we can expect from his historic tour of the middle east and europe. And yet more leaks from somebody inside the white house. New headlines just released from the Washington Post and New York Times involving comments that the president supposedly made to russian officials about fired fbi chief james comey. Were going to take you there live for an update. Among our guests this hour, former ambassador john bolton and Lieutenant Colonel oliver north. Melissa well, yuve got the dow ending the week on a high note. Take a look at the numbers the dow surging 140 points, 20,803. Lets bring in gerri willis. She is on the floor of the new york stock exchange. Gerri, tell us what the mood of traders is after such a wild week of stocks, or we could call it the trump is it your testimony that we saw o wednday. Thats right. People down here pretty up
Soon as it comes out. Small but mighty. President trump focusing on plight of Small Businesses this afternoon. What he is pledging now to help this driving force of our economy. Among our guests this hour, former White House Press secretary ari fleischer, South Carolina congressman mark sanford, Lieutenant Colonel oliver north is with us. Melissa back to the markets. The dow closing at new record high for the fifth straight day, inching closer to hitting 22,000 for the first time ever. It has been 109 days since we saw a milestone on the dow. Connell mcshane on floor of new york stock exchange. Connell, so we didnt get 22k but were getting darn close. No. Well take it. Another record close for the Dow Jones Industrial average. Well take it on day in, day out basis, as you say, that is pretty much, melissa, what weve been getting. This is the 31st record close for the dow so far this year. Got within 10 points give or take as magic round number such as it is 22,000 earlier in the day. T
Update. China threatening to smackdown a u. S. Automaker. Is this retaliation for trumps taiwan call . Well ask trump Economic Advisor steve moore how the president elect will respond. Melissa back to the markets. The dow snapping a sevenday record winning streak, ending down 117 points. Were down more than 200 point away from 20,000. Exxon, caterpillar, dupont are among todays biggest drags. Oil plummeting as well. Phil flynn, Price Futures Group has what you need to know from the cme. Ashley webster is on the floor of the new york stock exchange. And, ashley, everyone expected the fed to raise rates so what was it that janet yellen said later you think spooked these markets the most . Thats a good question. Put away the 20k hats for now. I think the fact they recognized that more stimulus to the economy may require more rate hikes. We put two next year. Fed saying three an possibly more. That was kind of threw cold water on the rally. If you look at the chart, it went up a little bit