tonight, the important days ahead and washington tie to our nations that. president biden said to sit down with speaker mccarthy tomorrow was the threat of defaulting hangs in the balance. and republicans continue their investigation into president biden s family. they just need to top down their conforming first. and a preview of tomorrow s hearing on artificial intel events. it s congress prepared to regulate this technology? as the 11th hour gets underway on this monday night. good evening once again, i m stephanie ruhle. treasury secretary janet yellen is sounding the alarm yet again. in a letter to the speaker top lawmakers, she wrote, the united states could run out of money to pay its bills, quote, if congress has not acted to raise or suspend the debt limit by early june, and potentially as early as june 1st. that means congress has less than three weeks to act or risk an unprecedented debt default. in congress, their only inception a fraction of those three weeks.
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Bringing you the latest poll results. And apple involved in a patent fight in china over the iphone 6. But the status of the company that holds the chinese pat nlt may actually surprise you. We have new details on that. And a rare interview with vice ceo shane smith. Well play that for you coming up. Starting with this story of elon musks tesla making the bid for elon musks solar city. Phil lebeau has the latest comments. Take a look at shares of tesla and what happened once they announced this deal yesterday. And whats happened today with shares of tesla once the second solar city bid was announced. There you see it right there. Down more than 10 . When you take a look at this deal, what a lot of people are still trying to wrap their heads around is why this has to happen. Why are there synergies there. Solar city, a company that is cash flow negative. Is not profitable. As the 2. 8 billion deal that elon musk says will have a lot of synergies built in to allow this company, tesla to
Of lock towns throughout the city. Traffic wasnt as bad as i expected. A lot of people took head of the warnings to stay clear of the area. First lets get to the markets. Check out the futures this morning. Youll see big gain across the board. Right now it looks like the dow futures are up by 250 points. The s p futures up by 24 and the nasdaq up by 52 points. She said it would likely be appropriate to raise rates if near zero in her words sometime later this year. The understanding we had when she spoke last week after taking q and a and stuff it seemed like a very dovish excuse at that point. Markets have sold out since then but yesterday it sounded like it was full speed ahead and they would like to raise this year. We never know cause and effect because everybody has different opinions. It looked to us like they had big down days. That would have been a switch from the markets rallying every time we heard that would have been a switch. I can think of what youve been saying. But i h
55. 3 is the reading. 56 is what analysts had been anticipating. This is a current number for the month of december. Its one of the first data points we get for last month. 55. 3 was the reading, a little lower than the 55. 9 recorded the prior month. There was a little bit of concern we would see a follow on from the manufacturing number they came in much weaker than estimated. It does not like the followthrough is that poor on a relative basis. We will be watching. And durable goods orders, the final reading for november in the past few moments. No change, unrevised from where it was. Transportation is coming in unchanged as well. The initial read had been in decline of 1 10 of 1 . A little better on a particular front. Factory orders down to tens of 1 . Thats in line with estimates and a reversal from an increase in factory orders the prior month. Factory orders and the durable goods numbers are for november. The ism number is for the month of december. Again, these numbers coming i