Of 1 . Energy is up theres a pipeline outage in libya. You saw about 90000 barrels a day being taken off. Crude oil at its highest level in two years many of the oil names are up, up and away and the only thing and joe terranova, not to take anything away from this week because the trading is open. The news does flow, but do we read anything into these price actions . Its a continuance of what we talked about last week, money flow and that the market looking for opportunities will try to find places in some of the lag yards of 2017 and i think energy lines up as such i think clearly many managers were underweight energy. They have gotten burned so many times trying to buy it over the many, many months this year that it appeared to be break out. Right now its going towards 60. Spot crude oil is going to go above 60 im rather certain of that as were very close, but lets not focus solely on the price of oil but rather Energy Equities thats where the opportunity is. Pete and jon najarian l
What happened in your christmas household . It was wonderful. At with my sister. And best gifts . You know, the usual what is the best gift that we could get, you know sf what is t best we could do at this point is that appropriate for Morning Television i got socks socks are good. I got some very thoughtful sweatpants i got some sweatpants how thoughtful could sweat pants be they were very comfortable. Did you get new yoga wear lululemon, yeah see, i knew that i was going to get you that, but i knew someone else would. We cant just all keep repeating. Okay. Anyway, im Andrew Ross Sorkin joe kernen is here, melissa lee is here. Becky happily has the day off. A quick look at futures. We have the dow looking like it would open down. A few days where we talk about things opening or at least looking like they will open in the red. Right now dow would be down about 32 points. Nasdaq off about 7 1 2 s p 500 off or rather up margma marginally bitcoin is rising, recovering from a selloff last
Blue chip index is up nine months in a row. The longest streak since 1959. Now, this as that new non partisan study says 143 million americans, 143 million of us are going to get a tax cut under the new gop tax plan. This defies what critics have been saying even outspoken socialists, Bernie Sanders is admitting that this could actually be a good thing. Yeah, it is a very good thing and thats why we should have made the tax breaks for the middle class permanent but what the republicans did is made the tax breaks for corporations permanent, the tax breaks of the middle class temporary. And joining me right now, National Review Columnist John Fund and john, 143 million americans will get the tax cuts. We get them next years well feel them when we file 2018 and 2019, although some of us will feel it in our withholdings will change and less money in our paychecks but does sanders make a good point the fact that these tax cuts do expire on the individual side 10 years from now . Absolutely,
Now. Brent down more than 1 . Natural gas up slightly. Mr. Wonderful and mrs. Wonderful. Are we allowed to say that youre not together, but thats were you watching before yes, i thoughtthat was a great tease. Kayla is mrs. Wonderful. Shes terrific kevins the original. Maybe im lower case w. Weve got a lot of news to talk about this morning. Geely auto has bought an 8 stake in volvo also giving gely the rights. Gely also owns the truck maker volvo started to do much better. Are you guys volvo fans . Ely als. Volvo started to do much better. Are you guys volvo fans . So i always had a volvo growing up im a fan. Kevin, i can tell youre not volvo. Im getting to the place where i think all auto manufacturers are going to make rail cars in 20 years. Because autonomous driving whether its for individuals, trucking, the brand wont matter as much. You dont even know the name of the company that makes all the rail cars. Its a huge company but nobody cares. But you know so tell us i dont know, ac
Our Security Panel will tell us big business is on the right path. President trump working on his new 200018 agenda again. Plans to make it easier for people to get cheap healthcare. All the tax as experts race in. We will tell you how you can do it too. Hollywood may need to use the force to turn its business around. The last jet i still wont be able to say a horrible a Box Box Office for 2017. And the Kim Kardashian effect extend to wall street. Healthcare in Technology Stocks leading the way. We are less than an hour the closing bell. And some breaking is to bring to you right now. At least ten people have been injured the russian News Agencies are reporting that the device containing about 200 grams of explosives went off in the storage area for customers and bags. Bags. No one has claimed responsibility for the explosion at this time. We will keep you updated as we get more details coming in. Meanwhile here at home on wall street the markets losing steam heading into the final hou