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benefits of tax cuts of bonuses, higher wages, more hiring in more investment. it s the great corporate pass through. more announcements are likely. tax cuts showing positive economic results. democrats are still making some very dubious claims. for example, nancy pelosi says raises taxes on 86 million middle-class families. that is factually wrong. it is dishonest political spin. the left plans a year-long all-out attack like about when you just saw. investors clearly approve however the tax cuts and what they ll do for economy for wages jobs and investments. stocks going up this morning. we don t know how the market closes this afternoon, the president and his top economic adviser both talking up the market today. it will open high gear. later this morning, congress holds a tax plan signing ceremony and you will see it. varney & company is about to begin. we will start with this. a white suv plowed into a crowd of pedestrians in melbourne, australia. we want to kn ....
down as well. look on your screen, there s the list. all of them big-time to the downside. no pullback seriously, though, for stocks flat to slightly lower at the opening bell. we don t know how the market is going to close. it is facing a three-day holiday weekend, but so far that has been no sell on the news of the tax cut deal. i m going call this one a corporate bombshell, eric schmidt is out at google, this is the man who built the company at global phenomena, started google, gmail, google maps and android phones. google says it s time for the transition. there s speculation that personal relationships were part of this departure. there are a lot of surprises this morning and varney & company is about to begin. [laughter] stuart: that was good producing. there s no place like home for the holidays. that s absolutely for sure. you saw them, there s the lawmakers, they are all coming down the steps. get out of dodge, they follow and get out of dodge, ran downstai ....
have the upper hand with the democratses shut down the government if they don t get their way. we ll see. big show today, you ll be shocked to learn just how much federal bureaucrats make the people who control our lives are laughing all the way to the bank. and business is on notice you got what you wanted. now you have to invest in america. and here s another shot coming your way. the weather is going to get even colder. you know i ve got to love doing this show. i came back from south florida they for this. varney & company is about to begin. wow. the bitter cold continues. frigid temperatures spread all across the country. will you look at those windchills please, just look at that. and by the way, a big storm is expected to ham orer east coast all the way from georgia to e maine some forecasters calling this storm a bomb cyclone. because its pressure is predigitted to fall so fast and bring heavy snow very, very quickly. bomb cyclone there s a headline for you ....
6.9 trillion and we will hit the 7 trillion-dollar mark. i have been covering money for 40 years and i have never seen a run-up like this. they all combine to create this extraordinary rally and it continues today. i hope you re able to follow it from the comfort of your home because the weather along the eastern sea board is just plain terrible, the bomb cyclone, the bombo genesis, carolina, virginia, a blizzard by any other name and brought one-third of a country close to standstill. we offer a unique opportunity, sit back andat w dow 25k and th bombo cyclone, varney & company is about to begin. stuart: liz peek with bombo cyclone glasses. look at futures, we are going to go up 100 points in the opening bell. we should cross 25k. if those futures, quote, stand, we will hit 25k in approximately 27 minutes and 40 seconds. by the way, we just learned that 250,000, a quarter million new private-sector jobs were created in november, that s a big number, a very strong e ....
party has to end but when? okay, of course, it s going to be a pullback but is that all you ve got to say after the most explosive rally in modern history. next story, the economy, in december 148,000 new jobs created, that is not strong, big job losses in retailing, big job gains in manufacturing and construction. big show as usual. new probe of clinton foundation, were donors playing to play? varney & company is about to begin. stuart: here is another big story, look at that. much of the east coast is still under a very deep freeze. roughly 13,000 homes out of power. that s serious. here is a look at the latest weather map with windchill, by the way, frigid temperatures continue across the northeast for the entire weekend, will you look at the minus signs there? chicago, minneapolis, my that sg story. the other big story remain it is market. i have a tweet, the latest from the president. here it is. dow goes from 18,500 to 25,075 for new time record. jumped a thou ....