, one of the three softer currencies against the dollar. I wanted to follow the tech selloff. Nasdaq futures are down again. 7 . We have seen that industry continue. Lets get an update and wants making headlines. Emma chandra is here. Am it there is a turn in the tax bill debate and Republican Leaders are scrambling to save the bill. Mitch mcconnell sent lawmakers home last night. They are looking to offset the cost of the measure. While republicans are asking the tax cut not drive up the nations debt. The price of oil is rising after opec will keep production curbs in place. Libya and nigeria have joined the agreement. Opec and allies like russia are trying to reduce global stockpiles. Oil prices are up 20 since september. Parties on both sides of the irish border issued are refusing to compromise. They are trying to deal with the hard border. The eu will not let trade talks continue until there is an agreement. Global news 24 hours a day powered by more than 2600 journalists and anal
Pelley his failure to disclose contacts with russia cost Michael Flynn his job as National Security adviser. Well, today, two key members of congress suggested it could cost him a lot more than that. The leaders of the House Oversight Committee Said today that the retired general did not get permission for a paid trip to russia, and they say failure to disclose the payment is a possible felony, punishable by up to five years in prison. Heres jeff pegues. Reporter when retired Lieutenant General Michael Flynn traveled to moscow in 2015, he was photographed sitting right next to russian president vladimivladimir putin, and he wd almost 34,000 to speak. Today, House Oversight Committee Chairman republican Jason Chaffetz said flynn may have broken the law. As a former military officer, you simply cannot take money from russia. Reporter chaffetz spoke after viewing classified documents related to flys security clearance. The top democrat on the committee, elijah cummings, said those documen
President trump fired the first round in what may become a trade war with americas secondbiggest trading partner. The Commerce Department proposed a 20 tax on canadian lumber. Its one of canadas biggest exports, and it goes into a lot of american homes. The Trump Administration says that government subsidies make canadian lumber artificially cheap. A trade war could be costly, because the u. S. Sells as much to canada as it buys. Just ask American Dairy farmers. Dean reynolds did. Reporter gina hinchlys wisconsin farm has 130,000 cows, producing 1,000 gallons of milk every day. Hers is one of the 9,000 dairy billion to wisconsins economy. And this spring, theres been a gusher of american milk. Weve had more milk from the same amount of cows than ever before. Reporter but thats a problem. And according to the president , our neighbors to the north are making it worse. Canada, what theyve done to our dairy farm workers is a disgrace. Its a disgrace. Reporter canadas decision to lower pri
Yesterday sent a letter to 18 members of congress. It said the bureaus investigation into a new trove of emails found on a computer owe coned by a clinton aide and estranged congressman husband turned up no new evidence to warrant charges against the democratic nominee, Hillary Clinton. And with that, stocks took off. In asia, first, then europe, then on wall street. The thesis, a clinton win spells less market rattling uncertainty and a divided government with the gop, presumably in control of at least the house of representatives means diminished chances of major policy changes. In fact, stocks staged their biggest rally since march, and the move higher into the longest losing streak for the s p 500 since 1980. Today the Dow Jones Industrial average soared, 371 points. To 18,2509. The s p 500 rose 46. Bob pisani has more on todays rally. Stocks held on to strong gains all day long. No surprise that market leaders like banks led the way today, jpmorgan, regions financial, all hit 52we
Yesterday sent a letter to 18 members of congress. It said the bureaus investigation into a new trove of emails found on a computer owe coned by a clinton aide and estranged congressman husband turned up no new evidence to warrant charges against the democratic nominee, Hillary Clinton. And with that, stocks took off. In asia, first, then europe, then on wall street. The thesis, a clinton win spells less market rattling uncertainty and a divided government with the gop, presumably in control of at least the house of representatives means diminished chances of major policy changes. In fact, stocks staged their biggest rally since march, and the move higher into the longest losing streak for the s p 500 since 1980. Today the Dow Jones Industrial average soared, 371 points. To 18,2509. The s p 500 rose 46. Bob pisani has more on todays rally. Stocks held on to strong gains all day long. No surprise that market leaders like banks led the way today, jpmorgan, regions financial, all hit 52we