Also, a Senate Intelligence hearing in an hour. And the retail wreckage continues. Sears is closing even more stores and macys lowered guidance yesterday. Talking about margins. But there might be a bright spot and the name is walmart. Tesla stock hit an all time yesterday and where they might be headed with the model 3. First up, the president has chosen the nominee to be next fbi director as comey gets ready to testify on capitol hill tomorrow. Our eamon javers is in washington. What a day for news. Good morning, eamon. Good morning. So Christopher Wray will be the president s nominee for fbi director one day before the former fbi director james comey is scheduled to testify on capitol hill about his interactions with the president. The president has selected somebody new. Heres the tweet from the president just a few moments ago. He said i will be nominating christopher a. Wray, a man of impeccable credentials to be the new fbi director. Details to follow. What are some of those cre
The Broader Market also that of three quarters of a percent to 1003 change. The end of an era for jay crew. Replacing a longtime ceo. Markets this morning. Down one point after holiday yesterday. In asia overnight, mixed performances. The kospi and create close. Pluscall and cap are knocked back at square one. Seattle come as top prospects for jobs going into a different direction than joining me to talk about it, Dagen Mcdowell. Wall street economics editor Jon Hilsenrath and diligence cofounder mike baker is here. Dagen why do i feel safer with him here . At complete misconception, but thank you. The most informative show in the morning. Ive been here. The Energy Always great. Gillett thing we didnt talk about in the runup is what is going on in qatar. Fascinating story. Maria general jack keane coming up, but it is pretty extraordinary to see five countries in the middle east cut ties. Our biggest basis and allies. Maria its really incredible. Maria problems getting. This in the cou
Hes frustrated with attorney general jeff sessions, thats division. It is distraction and it is unnecessary. The president will try to refocus. He meets republican congressional leaders this afternoon. This morning he tweeted this. Big meeting this afternoon with Republican Leadership concerning tax cuts and health re all pushing hard. We must get it right. Stuart this is a high stakes meeting. Tax cuts, growing the economy, the core of the presidency. He desperately needs a win on this, however, the Republican Party is divided and the legislative schedule is jampacked. Democrat opposition relentless and president ial tweets are often selfinflicted wounds. This is a crucial week for President Trump. Can he lead on taxes . Its a crucial week for the Republican Party. Can they unite . And its crucial for investors. Can d. C. Get anything done . Varney company is about to begin. All right. I said a little skepticism is coming into the market. Well open lower this morning. Skepticism about
The comedian refuses to testify. Only on cbs this morning this lawyer is here. We begin with a look at todays eye opener, your world in 90 seconds. Our relationships with russia are at a very low point and theyve been deteriorating. Newly leaked documents detail russian hacking. Russian military intelligence was trying to break into u. S. Election systems. The department of justice charging a federal contractor with leaking top secret information to the media. You cannot put that out there just because you think it would be a good idea. I want people in handcuffs and i want to see people behind bars. The president attacking his own Justice Department trying to make the case for his travel ban. Is it a travel ban . Look, i dont think the president cares what you call it. People, the lawyers and the courts can call it whatever they want i am calling it what we need and what we need, a travel ban. British police named the three men who carried out the terror attack in london. One was know
Testimony of former fbi director james comey, the upcoming election in the and yunited kin and next weeks stock numbers. Investors bought bonds, and gold prices hit their highest level in months. First, the Dow Jones Industrials fell by 47 points, closing at 21,136. Nasdaq was down 20. S p 500 dropped by six. While investors are not making any big moves, Business Leaders are optimistic. Ceos are more confident than theyve been in years. Kayla ten ocloausche has more. Reporter each quarter, the ceo roundtables survey showed a reading after a big jump in march. On capital spending, they expected small increases. The plans for u. S. Hiring in the next six months actually dropped. As did the outlook for this years gdp growth. Now ceos expect 2. 0 gdp for 2017, down 2 . Josh bolton, former chief of staff for george w. Bush, said that optimism is based on potential tax reform. U. S. Businesses remain optimistic, he says, but there is also a potential downside from failure. That should add to