i'm tyler mathisen. thanks for joining us. have a great evening, everybody. we'll se >> this is "bbc world news america." funding of this presentation is made possible by the freeman foundation, and kovler foundation, pursuing solutions for america's neglected needs. >> planning a vacation escape that is relaxing, inviting, and exciting is a lot easier than you think. you can find it here in aruba. families, couples, and friends can all find their escape on the island with warm, sunny days, cooling trade winds, and the crystal blue caribbean sea.

i'm tyler mathisen. sue herera has the evening off. >>> well, that big tax bill is all set now. republicans releasing tonight their final signed-off draft of the most sweeping tax rewrite since 1987. and it appears tonight that some last-minute deal-making flipped some no votes to yes, securing what is evidently enough gop support to turn you tell 503-page overhaul into law. the holdout, marco rubio of florida, got on board when the childcare tax credit was expanded. tennessee's bob corker did the same, saying he believes the bill was a once in a generation opportunity to help the economy. tax reform? some say it isn't exactly that. but what it is for sure is a huge $1.5 trillion tax cut with much of the benefit flowing to us corporations. and on that, the major stocks indexes rose to record highs. so what's what's out? ylan mui knows it all, she's covering the story from capitol hill, where i think you've pitched a tent the past few days, ylan, good evening. >> reporter: it's been some long days, and lo

. >> annou this is "nightly busine with tyler mathisen and sue herera. >>> lucky seven. the dow has its 70th record close of the year, the nasdaq clears 7,000 for the first time ever. but what will drive the bull market's chest chapter? >>> the next strategy, the president puts china on notice. >>> and returning to old-school mail-orlando catalog, even in the digital age. those stories and more tonight for "nightly business rep for monday, december 18th. >>> good evening, everyone. welcome. i'm sue herera. tyler mathisen is off tonight. the major indexes climbed further into record territory. the dow closing in on 25,000. the optimism sums ahead of a vote on the tax bill that would be an historic overhaul of the u.s. tax system. it would cut the corporate rate and result in likely increases in profits. a number of corporate deals also helped lift sentiment. we'll have more on that later. >>> but first a look at the closing number. 24,792 for the dow, its 70th record close. the highest number in a calendar year ever. the nasdaq was up 58. the s&p 500 added 14. with the st

tyler mathisen is off tonight. the dow and the s&p 500 closed at a record. we'll have more on that in just a moment. but we begin tonight with what some are calling the strongest job market since the turn of the century. the economy created a healthy number of full-time positions last month across a broad range of sectors. non-farm payrolls rose by 228,000, making this the second month in a row that gains have eclipsed 200,000. the unemployment rate held steady at 4.1%. but closely watched wages rose just 2%, falling short of expectations. hampton pearson takes a look at the unemployment picture and the myst those stuck wages. >> reporter: november job growth was widespread with professional and business services leading the way, adding 46,000 new workers. manufacturing continu to rebound, with 31,000 new hires. and repair work in hurricane-ravaged texas and florida helped boost construction hiring by 24,000. but solid hiring and an unemployment rate at a 17-year low is still not boosting wages. up just 2.5% year over year, now averaging just over $26 an hou

>> announcer: this is "nightly business with tyler mathisen and sue herera. >>> wow! what a powerful rally. the dow closes above 24,000 for the first time as investors pile on the wall street bull. >>> tax reform momentum. the republican tax plan gains a supporter, pushing forward what could be the biggest revamp of america's tax code since the reagan era. >>> unsafe toys? consumer advocat raise concerns about popular items just in time for the holidays. those stories and more tonight on "nightly business repor for thursday, nove >>> good evening, everyone, and welcome. the world's most recognizable stock index had one of its best days of the year. the dow powered through 24,000, passing yet another milestone in a year that has been full of them. in fact this is the fifth 1,000-point move in the blue chip index this year, the first time that's ever happened. investors' enthusiasm has been driven by the prospect for tax reform. strong corporate earnings, and a growing global economy. the dow jones industrial aver advanced 331 points today to 24,272. the nasdaq added 49

i'm tyler mathisen. sue herera is off tonight. the deal is sealed. disney in the biggest acquisition in its history will buy most of 21st century fox for $52 billion in stock. it is a transaction that will reshape the media landscape. disney already powerful in filmed entertainment and sports will become even more dominant after it folds in fox's film and tv production assets and its 22 regional sports networks. it's an offensive/defensive play aimed at fending off the rise of tech companies like netflix, amazon and others that have turned hollywood upside down. even though the deal was widely expected and first reported by cnbc last month, shares of both disney and fox were higher today. disney the best performing stock on the blue chip dow index. julia boorstin now on what's in the deal and why these two companies were eager to get it done. >> reporter: the mouse is buying the fox. disney is spending $52.4 billion in stock for fox's entertainment assets, including its film and tv studios, its cable entertainment network, and its international tv bu

i'm tyler mathisen. thanks for joinius. we want to remind you, this is the time of year that your public tv station seeks your support. we thank you for watching. thank you for your support. and have a great weeken steves: belfast, just a couple hours north of dublin, straddles the lagan river. it was only a village in the 17th century. but with the influx of scottish and english settlers and the industrial revolution, which took root with a vengeance here, belfast boomed. while the rest of ireland remained rural and agricultural, belfast was nicknamed "old smoke." shipbuilding was huge. this slipway was the birthplace of the titanic and many ships that didn't sink. the neighboring dry dock is where that ill-fated ship, the biggest manmade moving object of its day, was outfitted. nearby, two huge cranes, once the biggest in the world, nicknamed samson and goliath, rise like skyscrapers above the harbor, another reminder of this town's former shipbuilding might. in 1888, queen victoria granted city status to this boomtown of

>> announcer: this is "nightly busi with tyler mathisen >>> crunch time. the tax bill is done. now lawmakers have just days to avert a shutdown. >>> sales surge. americans purchase homes at the fastest pace in more than a decade. but will the tax bill put the brakes on housing? >>> retirement overhaul. members of the mil will see the biggest shift to their benefits in decades. those stories and much more for this wednesday, usiness dece good evening, everybody, i'm bill griffeth in tonight for tyler mathisen, coming to you once again from the new york stocexchange. hi, sue. >> hi, bill, good to see you. i'm sue herera. welcome, everybody. congress approved the most sweeping overhaul of the u.s. tax code in decades. altering the finances for businesses big and small and households across america. the rewrite is the biggest legislative achievement for republicans since they gained control of the white house and both chambers of congress. the senate passed the measure overnight. the house passed it again after a snag that we told you about yesterday forced another vote today. >> i

>>> this is "nightly business " with tyler mathisen and >> money moves. tax reform speeds ahead in congress, creating a lot of unknowns as americans make their year-end tax plans. >>> what's next? the dow and the s&p 500 close at records, but could the feds be the biggest risk to the ral >>> rethinking medicine. an experimental, new way to treat blood disorders, and new hope for those who have exhaustes. those stories and more tonight on "nightly business repor good evening, everyone, and welcome. i'm sue herrera. my partner, tyler mathisen, is off tonight. >>> new highs for the dow and s&p 500. we'll have more on that in just a moment, but we begin tonight . the treasury department today said the new tax bill will generate $1.8 trillion in new revenue over ten years, thanks to increased economic growe tha from the non-partisan joint committee on taxation. as the numbers get crunched, lawmakers are trying to get the final bill across that finish line by resolving differences between the . those differences include the number of tax brackets, the limit on

i'm tyler mathisen. on behalf of sue herera and all of us at nbr, thanks for watching all year. we look forward to 2018. have a happy ayb >> this is "bbc world news america." funding of this presentation is made possible by the freeman foundation, and kovler foundation, pursuing solutions for america's neglected needs. and now, "bbc world news." ben: hello, this is "bbc world news." i am ben bland. our top stories -- new york's fire chief says a child playing with the stove started a fire in the bronx which killed 12

tyler mathisen is off. >>> tonight we're bringing you two investigative stories, stories you may not know a lot about, but stories that affect both business and investors. we begin with a story about puerto rico. it will be years before it recovers from hurricane maria which wiped out large parts of the island and crippled the already crumbling power grid. but another story of devastation began brewing before that storm. it's a story our investigative unit has been working on over the past six months. he picker's report >> reporter: on this storm-battered, t 3.4 million r are trying to put theiv hurricane maria devastated them. but as the hurricane hit, many on the island were also struggling from another storm. one that decimated their life savings. >> there's hope. there's no hope. in this situation, what a it's sad. very sad. >> reporter: along with two other relatives, he, his wife, and his brother say they lost almost $2 million, duped into putting their retirement savings into funds filled with puerto rico bonds, sold to them as a safe investment. now they're worth next to noth

tyler mathisen is off tonight. >>> it is one of the most important times of the year for the retail sector, and this weekend is likely one of the most critical for brick and mortar stores. with the last minute push to buy gifts, many will be heading out to the malls or local shops for fear that packages won't be delivered on time. in fact tomorrow is super saturday, one of the busiest shopping days of the year. and it falls at the tail end of the holiday season in which most retailers earn a sizable chunk of their holiday sales. courtney reagan caught up with last minute shoppers at the queens center mall in. >> reporter: if you haven't chd off your christmas list yet, you are far from alone. >> i just started, because i work all the time, so today is my first day of shopping, i'm not even close to being done. i'm stressed. >> none of it's done. we're just getting started and i have two days to finish it. >> reporter: half of u.s. consumers are expected to hit the stores in the final hours before christmas. last year consumers took advantage of deals starting early in november. >> my holid

i'm tyler mathisen. . >> this is "bbc world news america." funding of this presentation is made possible by the freeman foundation, and kovler foundation, pursuing solutions for america's neglected needs. and now, "bbc world news." sharanjit: this is "bbc world news." i'm sharanjit leyl. our top stories -- in syria, the first evacuations begin, rebel-held suburb of damascus.

. >>> that's "nightly business i'm tyler mathisen. than >> this is "bbc world news america." funding of this presentation is made possible by the freeman foundation, and kovler foundation, pursuing solutions for america's neglected needs. and now, "bbc world news." sharanjit: this is "bbc world news." i'm sharanjit leyl. our top stories -- supporters of george weah celebrate as the former international footballer wins liberia's presidential election. 41 people are dead and many

i'm bill griffeth in for tyler mathisen. >> nice to have you here. welcome, everybody, i'm sue herera. the race is on to get a spending bill through congress before tomorrow at midnight in order to avert a government shutdown just ahead of the holidays. the house took a first step by passing its spending bill. but there's still more that has to get done. kayla tausche is following the story for us from washington. kayla, what happens now? >> reporter: now the senate needs to pass the bill, sue. they're considering it as we speak. we'll let you know when that vote comes in. republican rand paul has voiced opposition over one of the t it's unlikely that that will sway enough lawmakers to vote against it. it's expected to pass. >> one of the sticking points left, what are they fighting about? >> repor senator paul is really not a fan of one of the provisions that lifts spending caps in order to provide the funding for the deal. he thinks the country should be more fiscally responsible. this bill, because it's streamlined, it doesn't contain many of the

i'm tyler mathisen. sue herera is off tonight. we begin with history inhe

welcome everybody, tyler mathisen here.he market with two hours left in trading of the year. stocks in the red right now but not by much, less than a percent. for the year, the dow was up 25% and s&p 500 a 20%. your sector leader today are consumer staples and industrials and lacquers are telecom and tech check out the crypto currency. >> why did you pick keith richards over mcjagger >> john, his house is for sale in new york city >> is that right >> joining "power lunch" today an well, on january the 1st of the most changes of the tax year ylan mui is following in washington, residents are lining up to pathos taxes we'll start with you >> it also means new headaches for companies and workers. now, businesses don't know how much they'll need withhold in order to comply with the new law. more than millions of workers may have to update their w force or fill out new forms later this year to reflect the fact that personal exemptions will be going away its members are starting to panic over what may happen here. now, the irs di

welcome to "power lunch," everybody pap bit of a disney phied power lunch if i do say so i'm tyler mathisencks struggling for gains. the dow hit an interday record high, if it stays positive, ever so slightly negative now, dow up a sixth straight day i know you want to know about bitcoin. you want to know how it's trading. right? it is up on the bit stamp exchange, that could change, of course, before i finish speaking or we hit our first commercial break. twitter on a tear, stock soaring to a one-year high promise me, you'll see it in a second in respect it is. there's twitter going up up 93 or about 4.5%. no major reason. just twittering. it's twittering. retail also rallying best buy, new all-time highs there. michael kors highest record in two years and lululemon, one-year high. nike, tiffany also at new highs. >> begin the hour, tyler, with a huge deal of the day, probably the year disney pay be $52 billion for a large part of 21st century fox, d disney gets a bigger share of hulu and fox international and also sky here's what disney is not buying disney does not get the fox network, f

i am tyler mathisen, glad you can tee wibe with us today u.s. market is trying to make some gains on the next to last trading day of the year. there is the dow of 35 points and s&p 500 of 500 of a quarter of a point nasdaq is higher by 3.5. >> nasdaq splits between games and technology between a apple and facebook.n netflix is on a tear, it is up 3% today up $6 or so. two energy stocks leading the s & p at this hour chesapeake did not have a great year and a range of resources up to 3%. >> bitcoin, the crypto currency is now trading near $14,000, melissa. >>> many homeowners are lining up to prepay their property taxes. homeowners are opening into lock their 2017 deductions before the cap due is for the new tax law eric chemi is live with the story. >> reporter: i am in the county of the highest property taxes in the entire country there is hundreds of people in line here all day long seems like the entire town have been here paying their taxes here is the thing. it is complicated. it is village taxes and town taxes and state taxes, not all of t

. >> announcer: this is "nightly business with tyler mathisen and sue herera. >>> wow! what a powerful rally. the dow closes above 24,000 for the first time as investors pile on the wall street bull. >>> tax reform momentum. the republican tax plan gains a supporter, pushing forward what could be the biggest revamp of america's tax code since the reagan era. >>> unsafe toys? consumer advocat raise concerns about popular items just in time for the holidays. those stories and more tonight on "nightly business repor for thursday, nove >>> good evening, everyone, and welcome. the world's most recognizable stock index had one of its best days of the year. the

power lunch" begins right now >>> and melissa, see you in a couple minutes welcome, everybody i'm tyler mathisenere is what is on the menu. the tax timeline what exactly happens to your money and big business in 2018 we will break down which tax breaks stay. which ones go, and what it means to you and your portfolio. we will dig deeper on property taxpalooza as well plus, brewing up profits from the tax bill we'll find out why president trump's new tax law is a good thing for craft beermakers the ceo of brooklyn brewery is live in-studio and hope he brings some of his produce

i'm tyler mathisen and here is what is on the menu for the final trading year for the blowout year ofts. so, can we keep up the pace next year or a payday slow down ahead? and it is in the mail, the president going after the post office >>> and amazon in a new tweet saying the tech giant is making the post office dumber and poorer you're right >>> and game on, investors have been betting big o

. >>> welcome everybody, i'm tyler mathis mathisen we begin with breaking news. the house all set to vote on the big tax bill in the next half hour the biggest change to the u.s. tax code since 1986 or thereabouts. it will affect every business and every household in this country one way or another the senate could vote tonight, send it to the white house for the president's signature. ylan knew wi has been there forever it seems covering this story. >> tyler, this looks like a done deal for republicans vice president mike pence is coming to capitol hill to have lunch with the senate gop, he's going to be sticking around throughout the afternoon and into the evening just in case they need his help to break ties, but the only question mark here in the senate is republican jeff flake the last time we checked with his office, he said that he was undecided but republicans are already billing this tax plan as a campaign promise they have kept it is a major legislative victory for them even though new polling shows that the bill remains deeply unpopular the harvard har

. >>> welcome everybody, i am tyler mathisen, the second hour of "power lunch. local and state tax deductions depending on where you live. we dig into the number to see what it will do to the economy a deadly gift how gift cards are helping to fuel the opioid crisis as bitcoin continue to smash records, are regulators moving too slowly and exchanges moving too fast "power lunch" starts right now >> lets get a check on the market right now the nasdaq is leading the game here, and s & p is embracing a four day losing streak materials are your winners we got some movers for you today, talks are ongoing with disney and lululemon are jumping in strong of sales speaking of retail, the spdrs & pr retail are up bitcoin as tyler have mentioned, the story of the day crossing 19,000 on the coin based exchange for the first time. it is now soared at 33% this year alone not bad. this is a bit stamp exchange quote, price >>> thank you, mel congressional parties heading to the white house for a meeting with president trump the next hour this is a possible government shut down

i'm tyler mathisen right now you can see the industrials up around maybe a tenth of a percent very smalloves for the s&p, nasdaq and the russell as well today. utilities in health care, they are leading the way. energy lagging today good day for semistocks, amd, applied materials. they are among the s&ps top performers retail moving, too ross stores, home depot, all hitting lifetime highs but it is not completely pretty in the sector you've got macy's, coal, l-brands and nike among the s & ps worst performers. caterpillar is up there so far this year. a great year for stocks. unfortunately for investors, that is not normal, it's not even the new normal and bob pisani, some of the things that made it unusual and we get back to a more normal performance in '2018. hi, bob. >> the question is reversal to the mean they say 2017 can't happen again, but why not many traders say we can't have 20% returns in the s&p because it's just not normal look at the average. it's about 8% since world war ii we hit 62 all-time highs this year, even in years when we hit new highs, the average is less than ha

. >>> welcome to the second hour of "power lunch," i am tyler mathis mathisen employers say they expect to their work force etfs is seeing growth. etf in flows hit $425 billion in 2017 san francisco's mayor has died ed lee died from a heart attack. >>> an overwhelming number top money mine, a tax cut before the new year steve liesman is joining us now. >> melissa, that's the best they are going to get done. 72% tells us it is going to pass 23% says it will happen next month. first, i want to show you who they think it will benefit just 5% say it will benefit workers and 44 respondents 41% says both will benefit equally. mark elenowitz from tripoint global says u.s. corporate tax cut will have a strong impact on gdp, consumer confidence and allow all blarackets. all of that is leading to a better growth forecast this is the trajectory this is the forecast over the course of the year we started in december and they forecast a 24% growth. now, they are at 2.8% this year. and 2.85 for next year allen sinai says a new normal of finance growth is the bottom line who just did that? >> the firs