Passage. Tax reform bill providing 5. 5 billion in cuts as well as repeeling the obamacare mandate. Increasing Gross Domestic Product above 3 . The creation of 1. 7 million new jobs and cutting unemployment to 4. 1 . The dow hit record highs and rebound economic confidence, now at a 17year high. But cnn, they see it a little differently saying the president s accomplished, well, was mostly controversy. 2017 was a turbulent year. Dominated by politics, saw a u. S. President unlike any weve seen before. I, donald john trump. Donald trump known for controversies. Controversial travel ban. Witchhunt. Another controversial tweet. Name calling. Rocket man. They call her pocahontas. Trump fired fbi director james comey. Chief of staff Reince Priebus is out. Through all the chaos he reshaped the white house and the worlds perception of america. The 2017 review did go onto mention north korea, isisa and terror attacks. Joining me now is representative marcia blackburn, congressman from tennesse
Art laffer on what this can be done to correct this. The fda is under fire for its handling of food recalls. What the agency is accused of doing. Were fourdays away from new years eve. New york city is bracing for unprecedented security and record low temperatures. What is being done to prepare for the nations largest celebration. Leah . Lea dow making a turn around this afternoon. Inching closer to 25,000. Gerri willis on the floor of the new york stock exchange. Gerri, what are the traders saying. Lea, were down with the traders and they are optimistic. The dow closed up 27 points. Back and forth all day long, finally ending in the green for the dow. Winners in the dow, visa, mcdonalds, amex, unitedhealth. Variety of industries there, broad improvement across the board. Other news that markets responding to, pending home sales increasing. 2 of a percent, exactly like it sound. Tells you how the Housing Market will be in future weeks. Gaining hovnanian, lennar, pulte group and toll br
Yes theres still questions to it. How much do you keep . How much can you write off. But coming down pike one, two trillion infrastructure plan and continues to be optimistic to push for prosperity in your wallet Varney Company right here starts right now. Charles i know the frozen tundra is redundant but necessary the east coast and west coast in already a serious e deep freeze and it will helicopter into the new years. Youre looking at windchills check them out negative numbers across the board absolutely phenomenal. On the other end the scale higher oil near 60 last two sessions. But not because lots of people are using heating oil the big spark the last couple of days has been libyan where fallout after that pipeline blast and adam you have nor details on that. A blast they expect to have this pipeline back up and running in about a week but knocking 100,000 barrels off of the market so price was trading above 60. And highest it has been in a long time. West texas take a look at th
Contributor, katie frates, and deneen borelli. Katie, you know what, forget about everything, all the predeductions all the predictions of doom fan gloom, the obamacare failure, the tweet storms. President trump, his economic agenda, he has an amazing head of steam. Consumer confidence at alltime highs and the market at alltime highs. Well have to wait and see if republicans can keep an even keel. They are going to have to keep that cohesiveness with trump to have this momentum continue on into 2018. Charles are you to keep their ship in order. Does this mean Establishment Republicans have to understand who is driving the ship and stay on board. Instead of saying i have got wind in my sails. Paul ryan was coming out every other week with his own agenda. Katie people be be overexcited. They got tax reform. Thats a trap they will have to watch out for. Im just hoping they have come together and that glue will stick long enough to get things like infrastructure reform. Charles democrats c
This morning of course, our last trading day of the year. Speaking of 2017, it has been a blowout year for technology. The nasdaq gaining roughly 30 the index on pace for its sixth straight positive year in a row, the fifth time since 1980. Bertha coombs is at the nasdaq and she has more for us. Bertha david, as mark twain put it, history doesnt repeat, but it often rhymes, and thats certainly true with the nasdaq 100. The big caps up for the ninth Straight Year in a row, the longest annual streak for the index since the big tech breakout of the 1990s. These four mega caps, you know them, apple, microsoft, amazon, theyve made the biggest impact in terms of the upside gains for the s p 500, overall market, and when you add in alphabet, they actually account for twothirds of the nasdaq 100s 15point gain this year microsoft benefiting from its shift to Cloud Technologies is up for the sixth Straight Year, thats its best straight winning streak since the launch of windows in the mid 90s, a