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With something extra. We essentially repealed obamacare because we got riffed the individual mandate which was terrible. This is the ultimate bad Christmas Carol story. Reporter democrats like kenning the tax bill to alum of cole in americas stocking. So what were doing here today is basically saying, wealthy americans, big fat Christmas Present for you. Tiny tim, were taking your crutch away from you, and all the other kids in this country. Reporter still republicans say the tax bill is really a gift to the us economy. This gets us better wages, bigger paycheck, a simpler tax system. This gets the American Economy competitive. Reporter lawmakers cant head home for the holidays just yet. Theyve got two days in order to pass a boil avoid a government shut down. Connell mc shane, fox 29 news. As with any tax change l ....
We, after kind of mixed not much going on yesterday. News of course a bit slow in some ways, european markets were open yesterday, many closed for both the christmas and boxing day holiday. You can see a mixed bag in europe, asia overnight also somewhat mixed. Lets get to the 10year note yield on crude oil and how were doing on both of those important market barometers. And you see wti down lets get to the road map this morning. It starts with the tax effect. More Companies Including barclays and shell outlining major tax linked changes to the bottom lines in the first quarter. The race is on for fed vice chair former bush era advisers reportedly in the running. Tesla t is in a direct challenging a tesla pickup could hit the road but does tesla already have model 3 problems . Stocks look to rebound from yesterdays decline. A number of companies reacting to tax reform. Barclays expects a writedown of 1. 3 billion on the annual ....
The bottom of the list. Also, antitrump publication, now under pressure from democrats. Vanity fair apologizing for a video posting mocking Hillary Clinton. Now the president is weighing in on this. Wait until you hear what he has to say. Winter weather walloping midwest and the east with arctic weather. It will get a lot worse before it gets any better. The latest on this, a lot more coming up this hour. Lea the dow hitting new highs, led my shares of United Health and caterpillar and travelers. The ninth month in the green, the longest monthly winning streak since 1959. Lets go straight to gerri willis on floor of new york stock exchange. For more what is driving markets today. Hey, gerri. The dow up wow, you heard cheer behind me at the close. That is a record close, the 71st for this year. Also the 71st for trumps administration. Behind these gains unitedhealth, caterpill ....
After that. This is week to 10 days worth of subfreezing temps for a lot of big cities in the east. That is very impressive. We havent seen cold like this since the polar vortex from a few years ago. David what about erie, pennsylvania . I have got to focus on one little town. Not so little if you live there. My grandmother is from eerie. Five feet so far. Theyre getting a another major snowstorm by this weekend. They could end up with 10 feet before long. It is amazing. That is what you get arctic air going over relatively warm, unfrozen waters ever the great lakes. That is why the rest of big cities in the east dont have the snow with arctic air mass. The air is too dry. You know moisture to deliver the snowfall totals. That is it what the great lakes do. I will say, david, next week, january 3rd or fourth, middle of next week. We could get gulf and atlantic moisture involved in the arctic up break, big cities on east coast have to watch for a potential big snowstorm. That is a few d ....
Times. And nearly half of American Consumers are returning a holiday gift this week. Find out why retailers are competing to make returns easier. We begin this morning with a look at todays eye opener, your world in 90 seconds. Were he at the scene of an unspeakable tragedy. This will rank as one of the worst losses of life to a fire in many, many years. A deadly fire stuns new york city. 12 people have died. Were shocked by this loss. I hate it. I hate it the. Millions are bundling up to ring in the new year in bonechilling temperatures that are gripping much of the great lakes place and the midwest. Trump tells the New York Times he thinks bob mueller will be fair. Cities around the country are facing security ahead of new years eve. All hands on deck for new york. Certified doug jones as the winner of the special election for the u. S. Senate. Theres a 1 in 15 billion ....