Closely. Features indicating the markets a lower open this morning. The dow industrials down a quarter of a percent. 56 points lower. 34 points lower. Technology continued to roll over. Ft 100 tiny fraction. Cacm two thirds of a percent. In asia overnight, sharply lower across the board and major averages are down 2 in japan, better than 2 in hong kong. 1. 5 lower in korea. Devastation in california. Thousands of people to evacuate as the Massive Wildfire grows out of control. It is a huge hit. Ive been an honor for 40 years here is and its crazy what is going on. At this point in time, it makes things very much difficult because we are chasing the fire. We are trying to get out ahead of it, trying to get it right to provide structure defense. Trade to the tragedy taking a toll on hollywood. Several talk shows including hbo westworld forces suspends. The latest as firefighters struggled to battle the blaze. Google taking aim at amazon comment youtube from several retailers devices incl
Position as we head until then until the end of the year. Correlations breaking down as we continue to see the Broader Market gain. The dow and s p, because they closed at records yesterday, gaining again. That means they are records once again in todays session. Lets take a look at the various components of the s p 500 to get a better picture of what is going on. We have Information Technology here it down, free from the bottom. That is one of the reasons the nasdaq is lacking. Telecom, financials, real estate are gaining. It isnot as clear not as though cyclical are lacking and defensives are gaining or vice a versa. It seems as though it is sector and stocks. Utilities are up, declining the most in the s p 500. You will get into that later in our sector spider report to one group we are seeing clear movement is within the mall owners. Moll real state investor trust. That is because we have a deal announced. European mall company has struck a deal to buy westfield, based in australia
Refusing to concede this morning saying the recount may be in order. Jones victory come in as republicans make a final push for tax reform. President trump set to deliver a major push on capitol hill urging lawmakers to get the deal done as the house and senate moved closer to a compromise lining up for a possible vote next week. The quest for tax reform coming out. Janet yellen set to deliver a final News Conference as head of the central bank. The Federal Reserve expected to raise Interest Rates for the third time this year. Markets like this going into the meeting was in gains across the board. Dow industrials up 14 points. S p 500 the fraction of those at this point throughout the morning. A look at the european indices than we do see gains for the ft 100. The cac in the dax powered by a fraction. Age overnight bus to age overnight mostly high with the exception of japan trading down one half to 1 . Hang seng in hong kong up 1. 5 . Antitrump tirade outrage after fbi agent who worke
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,
Cheryl im glad that you at the top of report brought the issue of money flows. I know it was last week that european investors were flooding money into u. S. Markets, we are looking at potentially dow 25,000 at this point. Its incredible to see the confidence around the world in u. S. Markets even if theres not political confidence and whats happening in the United States, is that a Fair Assessment . I think theres confidence in world stocks so people are confident in the u. S. But kind of everywhere with the treasury yield so low, stocks good look good in comparison. Lauren thank you for your perspective. We really appreciate it. Have a good weekend. Cheryl thats it for us, thank you for watching fbn am on ugly sweater day, National Ugly sweat er day. Maria thanks for joining us, tgif, it is friday december 15th, top stories right now 6 00 a. M. On the east coast. The race to finish the tax reform. Senator marco rubio says hes a no in the 11th hour. Pushes for lastminute changes to th