Illustrate efforts to kill egregious regulations to help american businesses. More on what he is proposing now. Republican leaders are finalizing their historic rewrite of the tax code with plans to unveil the bill tomorrow. Will enough support to pass it. Fox business just confirming one key republican senator is now planning to vote no on the bill as it stands. And others are on the fence. Well see. Over in the house new reports that Speaker Paul Ryan could be retiring at Midterm Elections. What his team is saying now. David get you back to the markets. Dow closing in the red as were hearing tax reform may not be difficult to pass as it stands in the senate but there is a lot of tweaking going on inside of the beltway right now. Nicole petallides on the floor of the new york stock exchange. Was it taxes today, nicole . Well deaf, in part because you have marco rubio now, showing some opposition. That weighs on the market overall. You have some uncertainty there. You see caterpillar,
Meanwhile President Trump is on his way back from pennsylvania where he just gave a speech at an equipment plant near pittsburgh, touting the benefits of tax reform. Well take you there live for more on the president s comments. We will speak with the plant ceo who the president Just Announced will be making a multimilliondollar investment thanks to the tax cuts. That is going to be a fox business exclusive. And china caught in the act. Details of a new report showing chinese ships, look at this, helping north korea, in clear violation of sanctions. All while the u. S. Was watching. David we didnt do it, we didnt do it. There they are. The dow is down about 100 points. 3 1 2 points off of that mark. Were watching all the action in the dow and in commodities markets. Were going phil flynn too. Nicole petallides on floor of new york stock exchange. Nicole first to you, looked like nasdaq might be in agreement. At the end it didnt make it. Market somewhat stalled. Back and forth action. N
That number could go up depending on those injured in the hospital right now. He is now being held in jail without bond. What we now know about his motivations in the Warning Signals that were missed. Also happening right now, the Senate Voting on whether or not to move ahead with one of four competing immigration plans, one backed by a group of 22 bipartisan senators the president threatened to veto just narrowly failed. Were live in d. C. With what happens next on that front. Joining us this hour, we have Broward County commissioner michael udine. A former Boston Police superintendent daniel malinsky. Judge Andrew Napolitano and oklahoma senator james inhofe. Melissa lets go to Nicole Petallides on floor of New York Stock Exchange what is driving this rally. 27 dow components in the green with three just in the red. Were looking at a intraday chart. We were briefly in the red territory, finishing at highs of the day. Were up 25,200. People have been getting more comfortable with high
Is this about the treasury market . Its a little bit about everything. I mean volatility is bark. Weve seen that since late last week into this beak. It has been a most wild ride yesterday and the day before. The biggest number one and two point swings ever in history. So the volatility in equities is back. Some has a correlation to what weve seen in treasury yields. Weve saw them pull back a couple days today, moving higher. We had the budget approval. That brought uncertainty, billions of dollars to be spent over the years ahead. Took us off the earlier highs. In the morning just like yesterday we started off to the downside. Less dramatic. Same pattern. Were down 12points 127 points at open. In the end we flatlined. Were down 19 points. We nearly lost 400 points of gains. Thats too bad because we obviously seen a runup. The big picture volume is here, volatility is here. We have to digest some moving parts. Treasury yields dont always have inverse relationship to stocks. And in this
For that matter. And former fbi director james comey as well. Well have more on the president s response and speak to the chair of the House Intelligence Committee coming up, devin nunez. Members of the house ways and Means Committee are hunkering down on capitol hill working on tax reform, ahead of a selfimposed deadline for the bill. That is next week. Whats in, whats out . Well speak to a member of that committee as well. Texas still struggling to recover from the devastating effects of hurricane harvey. President trump is expected to land in dallas at any moment, where he will be briefed on the recovery efforts. Well bring that to you as well. David lots going on. Get back to the markets. The dow reversing course after yesterdays rally. The dow seeing the biggest drop since beginning of september. Nicole petallides on floor of new york stock exchange. Nicole, it recovered. I thought it would go into double digits instead of triple digits. It didnt do that but it recovered nicely. W