maria: it is unclear whether saudi aramco will list in new york at the new york stock exchange given nt legislation which allows the families of none of suit saudi government. many people expect lawsuits should a big listing happen. my thanks to new york stock exchange president tom farley. don't go anywhere, more "wall street week" right after this. announcer: coming up, saudi's crown prince has ambitious plan to bring country into the future that includes half trillion dollar city and massive social reforms. we'll have that and more when "wall street week" returns. . maria: with plans to build a mega city that carries a price tag of more than a half a trillion dollars, saudi arabia is investing heavily on a future that is not about oil. at the future investment initiative in saudi arabia, i spoke with his royal highness prince muhammad bin salman alsaad, it was clear more big changes are on the way for saudi arabia. >> your highness, you have an incredibly beautiful country. you have the resources, but you are having radical ideas, some might say. recently you've announced you will

three starlee or more than a dozen people were arrested for blocking the entrance to the new york stock exchange protesters out signs and chances slogans against the bill you know this bill is class warfare on the part of the rich it's all about the donors to the republican party we have to defend our people all of our people president donald trump insists the cuts will not drive up the deficit saying they will track more investment and lead to robust economic growth that in turn will create new jobs and bolster wages. to cross over to the end scorcher or man on wall street hey yes i have just seen pictures protesters in front of the new york stock exchange other people react inside. overall we've seen wall street on a sugar high pretty much for a couple of weeks now in anticipation of this take spill over seventeen times this year the dow jones industrial average has said new record highs and that has never happened before that we saw so many records within one year in the history of stock trading here in the united states well probably was the saying buy on the rumor sell on the facts on tuesd

new york stock exchange is owned by intercontinental exchange i had reasons to spent time with him. company wants to list on a listing venue, we are going to go and compete for it you can read between the lines and substantially all the world's largegenergy company on the new york stock exchange >> they have wanted restrictions which you have been reported in the press and they are shocked arn around the world, would you be able to lighten your restriction? >> that's not true >> i am not going to comment further. >> mitch farley, thank you very much >> brian, back to you. >> really fast on the interview there. thank you very much. here is what's coming up for "power lunch." nike, should you buy it or exercise some caution? is your older iphone suddenly running a lot slower if so, you are not alone. apple finally admits there is a reason why how one ceo wants to help taerreil, amazon to improve their business thas possib is that possible >> you are watching "power lunch," stick around i think we should do that meeting tomorrow. well wait. what did you think about her? it's definite

diane king hall is at the new york stock exchange with that and more.diane. >> good morning, anne-marie. janet yellen is expected to announce her final interest rate hike this year. she was the first woman to serve as chair. fed governor jerome howell is expected to take over in february. that would mark the third interest rate hike this year. >>> the prospect of higher interest rates sense shares higher. the dow and s&p 500 finished at an all time high for the second time. the dow rallied 118 points, the s&p 500 ended 4 points higher, but nasdaq lost 12. >>> boeing is facing a price against canadian plane maker bombardi bombardier. they ditched plans to buy 18 hor it jet fighters from boeing and instead will buy them from canada. >>> aetna is waving the co-pay on the anti-overdose drug narcan. narcan is a nasal spray, which reverses the effects of an opioid overdose. in most cases it is available over the counter. >>> and the australian shopping center company westfield is being bought for $15.7 billion by a french property group. westfield owns 25 sho

to the new york stock exchange, nicole, i was thinking about you right around the noon hour because all of this news was flowing in, and it was affecting many sectors that have nothing to do with anything d.c. related, including tech, i saw. reporter: absolutely, one of the stories, the baby out with the bathwater, that is an old wall street term and that's exactly what happened. we had a 400-point swing top to bottom in basically a half hour. it was quite volatile. take a look at tech stocks that so many viewers owner and take a look right now. amazon is down 15 bocks, 1.2% at 1161. it was at 1152. recovered a lot of the losses, google down 1.2%, apple down a half a percent, netflix down half a percent, great movers this year and the moves are not huge. they had been down further. here's a look at the philadelphia semiconductor index. tech has been out of favor for the week, down about 6.5% for the week, but for the year, still a great performer. wanted to bring it over to oil and energy stocks. that is one group, that's venin the thick of the sell-off that was trying to hold onto the

diane king hall is at the new york stock exchange with that and more. morning, diane. >> good morning, anne-marie. energy stocks hit a plunge following oil prices. ultimately the dow fell 39 points, the s&p 500 was virtually unchanged. the tech-heavy nasdaq finished the day 14 points higher. >>> the world's largest retailer is getting a name challenge reflecting its online popularity. beginning in february walmart stores will become just walmart. they're dropping store, customers can shop however they want. it's also ditching the hyphen between wal and mart. they're offering online and same-day delivery programs. >>> the cost of health care continues to grow faster than the economy. the federal government says health care spending reached $3.3 trillion last year. that's $10,348 for every man, woman, and child in this country. it was lower than it was in 2015. hospital care accounts for overall costs followed by physician and clinical costs and drugs. >>> meanwhile the price of viagra is tumbling after pfizer announced it's launched a generic cheaper ver

diane king hall at the new york stock exchange.hank you so much, diane. >> thank you. >>> still ahead, home office. we will reveal the surprising things that can come from working at home. dirt detect™ system that attacks dirt in high-traffic areas of your home. while two multi-surface brushes and power-lifting suction grab and remove everything from fine dust to large debris. daily dirt doesn't stand a chance. you and roomba from irobot. better together. whstuff happens. old shut down cold symptoms fast with maximum strength alka seltzer plus liquid gels. take a momwith lindor.d... smooth, melting, crafted by the lindt master chocolatiers. whenever, wherever. lindor, from lindt. life's too short for ordinary chocolate. >>> here's a look at today's forecast in some cities around the country. ♪ baby love, baby love i need you oh, i need you ♪ >> it's been a big year for giraffes at the memphis zoo. three baby giraffes were born this year, bringing their herd to ten. zookeepers had to help feed one of the newborns when his mother did

diane king hall is at the new york stock exchange.d morning, diane. >>> they started trading bitcoin futures. one of the biggest zpanchs started trading the cyber currency last night. the initial price for bitcoin futures was $26,650. the price dropped over 6% within the first half hour. last night they exchanged launched bitcoin futures trading. >> meantime it was another positive week for trading. they begin to wait this week's expected vote on tax legislation and efforts to avoid a government shutdown. quickly checking numbers for the week, the dow rallied for 316 points. the s&p 500 went up 23 points and the nasdaq went up 9 points higher. teva is the world's largest generic drugmaker. the strike shut down governments and seaports and offices. they announce they'd were cutting about 14,000 jobs including 700 in israel. it's one of israel's largest sector employees. >>> "star wars: the last jedi" turned in the second opening box office week take of all time. the latest installment of the space saga brought in an estimated $220 mill

wendy gillette at the new york stock exchange.hank you so much. >>> still ahead, beating the holidays literally. if you're stressed out by christmas, we'll show you a room where you can take out your frustrations. right for me?treatment my doctor told me about eliquis. eliquis treats dvt and pe blood clots and reduces the risk of them happening again. not only does eliquis treat dvt and pe blood clots... eliquis also had significantly less major bleeding than the standard treatment. eliquis had both and that turned around my thinking. don't stop eliquis unless your doctor tells you to. eliquis can cause serious and in rare cases fatal bleeding don't take eliquis if you have an artificial heart valve or abnormal bleeding. if you had a spinal injection while on eliquis call your doctor right away if you have tingling, numbness, or muscle weakness. while taking eliquis, you may bruise more easily... and it may take longer than usual for bleeding to stop. seek immediate medical care for sudden signs of bleeding, like unusual bruising.

diane king hall at the new york stock exchange.iane. >> all right. >>> still ahead, a no-brainer. why researchers say you should choose a nice green salad for lunch. why do people have eyebrows? why do people put milk on cereal? oh, are you reading why people put milk on cereal? why does your tummy go "grumbily, grumbily, grumbily"? why is it all? no more questions for you! ouph, that milk in your cereal was messing with you, wasn't it? yeah, happens to more people than you think... try lactaid, it's real milk, without that annoying lactose. good, right? mmm, yeah. i got your back. lactaid. it's the milk that doesn't mess with you. i tabut with my back paines, i couldn't sleep and get up in time. then i found aleve pm. aleve pm is the only one to combine a safe sleep aid plus the 12 hour pain relieving strength of aleve. i'm back. aleve pm for a better am. it says you apply the blue one ok, letto me. this. here? no. have a little fun together, or a lot. k-y yours and mine. two sensations that work together, so you can play together

. >>> let's go down to bob at the new york stock exchange. bob, it doesn't appear to be systemic, i guess. doesn't seem to be impacting the equity market. i would imagine they're talking about it down there, as well >> the mania extends all the way to the floor of the new york stock exchange let me show you what is going on with the cme future. remember, this is only one week old. the contract there are price limits on it pauses that may or may not halt tradings once you hit 20% down, though, you can't trade below that you can trade above that you see that oval that i circled there, that's when it hit the price limit of 20% down a little after 9:00 for almost an hour, it did not trade above 20% and you can't go below that only close to 10:00 did you see it was starting to move up above that those were the price limits and we've come off of those lows right now. the important thing, take a look at the cme contract for the whole week we've had huge volume today. almost 2,000 contracts that's 700, 800 would be an average. we had four, five times

diane king hall is at the new york stock exchange with that and more.ng, diane. >> good morning, anne-marie. the founder of papa john's will step down weeks after he criticized the nfl about the handling of the "national anthem" protest. in november schneider blamed slowing sales at papa john's on the anthem's protest. the company, which is an nfl sponsor apologized two weeks later. >>> meantime eric schmidt will leave his post as executive chairman of google's parent company alphabet. he took over in 2001 to help turn the startup into the global technology giant it is tore. he will serve on the board of directors and as an adviser for the kpaup. >>> here on wall street the stocks closed higher. the dow rose 55 points, the s&p 500 tacked on 5 points. the nasdaq added 4 points. >>> ford's ceo is apologizing for sexual harassment at its assembly plant in chicago. in an open letter jim hakken wrote, quote, i am sorry for any discrimination and misconduct. ford has settled two lawsuits, one this year and once in 1999 with women who were harassed at the plan

>> diane king hall at the new york stock exchange.u so much, diane. >> thank you. >>> still ahead, young guns. why some parents are letting their children use firearms at the shooting range. just like my moderate to severe rheumatoid arthritis. and i was worried about joint damage. my doctor said joint pain from ra can be a sign of existing joint damage that could only get worse. he prescribed enbrel to help relieve pain and help stop further damage. enbrel may lower your ability to fight infections. serious, sometimes fatal, events including infections, tuberculosis, lymphoma, other cancers, nervous system and blood disorders, and allergic reactions have occurred. tell your doctor if you've been someplace where fungal infections are common, or if you're prone to infections, have cuts or sores, have had hepatitis b, have been treated for heart failure, or if you have persistent fever, bruising, bleeding, or paleness. don't start enbrel if you have an infection like the flu. joint pain and damage... can go side by side. ask how enbrel

wendy gillette is at the new york stock exchange with that and more., wendy. >> hey, good morning, anne-marie. investors will be watching as a report on production from the federal reserve. they fear support for the gop tax reform bill was faltering sent stocks lower. the dow jones industrial lost 76 points. the s&p 500 finished the day at 10 points lower and the nasdaq composite was down 19. >>> stock for the drug company teva has dropped. the company has 7,000 positions in the u.s. which are expected to be significantly affected. the job cuts will occur over the next two years. teva's bottom line has been hit by the expiration of patents for a multiple sclerosis. >>> the chat app is ending a 20-year run. all personal data associated will be deleted today. nothing will be transferred. that including those buddy lists. in the time before smartphones, it was a pioneer in chatting. >>> first data says overall spending excluding gas rose 6%. last year it was 3.7%. cooler weather, higher consumer confidence, and lower unemployment spurred spending. e-comme

diane king hall is at the new york stock exchange with that and more.od morning, diane. >> good morning. the jobs report is on tap. they added 198,000 jobs last month and the unemployment rate held steady at 4.1%. the bitcoin currency could continue its roller-coaster ride. it surged $19,000 yesterday. >>> the dow gained 70 points. the s&p 500 rose 7 points. the naz dan ended the day 36 points higher. >>> 12,000 jobs are on the chopping block at general election tick. g.e. said it's look for coal or other fossil fuel. >> and anheuser-busch ordered 40 of tesla's new electronic trucks. it wants to reduce its carbon emissions by 2025. one has a range of 300 miles. the other can drive 500 miles without being recharged. >>> and anne-marie, you're not going to believe this. from the united kingdom, avocado without a pit. they supposedly save >> it looks weird but it's what happens with an unpollinated blossom. >> i want to try it because cutting the pit. it's time-consumer. i know i sound like a door. >> i understand. you try it first and let me know. >> all

ahead more breaking news regarding bitcoin and for that we go to bob pisani downtown at the new york stock exchange. what will do you have for us >> the parent company of the new york stock exchange has filed for a bitcoin etf and the exchange proposes to list the pro shares bitcoin etf and the pro shares short bitcoin etf, the investment objective of the funds to seek results that both for a single day and over time correspond to the performance of lead month bitcoin futures contracts listed and traded on either the cboe futures exchange or the cme they haven't specified which one here now the s.e.c. previously denied bitcoin etfs including a etf tied to futures on the ground that bitcoin was unregulated and on an etf tied to futures, it was turned down in that bitcoin futures did not yet economist and now that they are listed those applications are now being re-file. so this is, scott, another big move in making bitcoin, let's say, a little more respectable they are not regulating bitcoin. the futures market are regulated so they are arguing that they should approve the product i've reached out f

brook. >> hena doba at the new york stock exchange.hanks, hena. >>> coming up, relief for parkinson's. we'll show you how this game could be helping patients with the disorder. for a visibly whiter smile. ten four shades trust your smile to colgate optic white. with a great selection of our armost popular models. like the adventurous rav4, well equipped corolla, sporty new 2018 camry and more. and that means huge year end savings for a very short time. right now during toyotathon. get great year end savings on a huge selection of our most popular models. offer ends january second. for great deals on other toyota's visit toyota.com this is short too. toyota let's go places. versions of the i- phone... what else the company plans to do about it. homeowners across the country rushing to pay property taxes before the new year. we'll hear from experts trying to clear up the confusing process. and final preperations are under way for new year's eve celebrations all around the globe... how law enforcement is getting ready... join us for kpix

bob pisani was in the middle of the wild action at the new york stock exchange. >> reporter: talk about a turbulent day for the markets. we haven't seen this in quite a while. the markets have been fix a lotted on global growth, record earnings, and the prospects for tax cuts. traders have spent almost no time thinking about the risk in the market for president trump's potential legal troubles. we dropped 350 points today when abc reported that mike flynn was prepared to testify against president trump and that trump directed him to contact the russians. originally reports said it had been about the fight with isis. the dow plummeted 300 points on reports that a memo from former fbi director james comey surfaced, saying trump asked him to stop the investigation into michael flynn. stocks sold off and rose again when senator jeff flake announced he was supporting the tax bill and mitch mcconnell said he had enough votes to pass the bill. the bottom line, the markets are in a tug-of-war between tax cuts and president trump's potential legal troubles. but tax cuts have proven today that th

bob pisani has more from the new york stock exchange >> the dow and the s&p were lifted to record highs once again. two main things powered today's very modest rally. expectations for a rate hike and continued hopes for tax reform. we saw a mild rotation from growth back to value stocks with technology taking a breather and bank stocks getting a boost from rising bond yields. this comes a day ahead of the federal reserve's rate decision, of course that's tomorrow, and many are expecting a rate hike this month. house speaker paul ryan elsewhere said house and senate lawmakers are close to the finish line, that's his words, on a tax reform deal. we've been waiting for this for a long time. kentucky senator rand paul raised some questions about whether he would vote for the tax bill after tweeting that he would not, quote, in good conscience vote for the proposed government spending bill to avert a shutdown. he said the bill would add to the nation's already massive debt. so he's a maybe. the s&p suffered a slight blip midday on this news but regained most of its lost ground to close just

there are 70 records for the dow, i'm surprising there wasn't confetti on the new york stock exchange with gerri. how catch credit can you get to president trump? >> i didn't expect this quite much of a gain so the size of the gain is surprising. corporate earnings are growing. how much do i give to the president? he didn't screw up anything important, put that way. this is long recovery, we have dozens and dozens of consecutive job growth. i give him a dash of credit. i expect this continue going forward first half of the next year. no reason to bail out of stocks. prices are elevated, but they're not crazy and no competition for stocks. none of the other asset classes look more attractive. lea: one thing i'm hearing about could there be a correction early in 2018. steve you told me it is a good thing when you hear people are worried. explain that. >> emotions are the enemy in the market and when everyone feels the market is going to go up, you know it is not going to do so. when everyone has caution about the market. you see a lot of caution today that is a good sign, you don't have

we go to the floor, trading the new york stock exchange and the cme group at the new york stock exchange we have matt and the cm e ira epstein. hello happy almost 2018. matt, are we going to see the dow is not entirely out of the question. volume is low, we could see a year-end, you know, rally tomorrow last trading day. does the dow go to 25,000? >> well i was out for a couple days so i certainly hope it goes to 25,000 but it doesn't seem like its done a lot while i was off. can we explode another 200 points from the dow? we certainly can. there's low volume plenty of volatility but hard to get to that number by the end of the year. lauren: i. ira, i'm looking at oil and what a phenomenal couple of weeks its been for the oil market. it seems to me that the story is supply due to the opec cuts actually taking a bite. demand is pretty big what's the oil story for 2018? >> well i think the oil story for 2018 is going to be more of a trading range market than anything. probably wti in the low 60s to maybe low 50s back and forth in that range a lot of new oil will come on line. remember part

stay awake for that too. ♪ ♪ >> i'm gerri willis on the floor of the new york stock exchange with thise major indexes down this afternoon, the last trading day of the year. and another corporate heavyweight is cashing in on the new tax reform plan. streaming giant netflix planning to boost the annual salary for a number of its top executives next year, citing the recent passage of the tax overhaul. most notably, netflix's chief conduct officer will earn a $20 million salary in 2018, that's a big boost from the $1 million paycheck from the last three years. shares of netflix up more than 55% this year. and from wall street darlings to the biggest downers, traders are betting the hottest stocks of 2017 will get crushed next year. facebook, apple and google are among the most heavily shorted stocks. back to you. ♪ ♪ attention homeowners age sixty-two and older. one reverse mortgage has a great way for you to live a better retirement... it's called a reverse mortgage. call right now to receive your free information kit with no obligation. it answers questions like... how a reverse mortgage

in florida that's for sure thank you very much as caught covering this story for us at the new york stock exchange. but we stay on the subject because in spite of the diesel scandal the car industry here has really accelerated this past year germany's global market share moving up a gear now every fifth car built around the world was made by a german company. german cars are everywhere the automakers here have managed to increase their global market share by continuing to build more vehicles abroad production outside of germany has accelerated by seven percent to almost eleven million vehicles a year production inside germany has also increased. for the especially good news is development on the employment side the german carmakers and distributors employ eight hundred eighteen thousand workers here at home. that's the highest level in twenty six years eleven thousand jobs have been added to the workforce in the past year. altogether german carmakers have produced a grand total of sixteen and a half million vehicles since this time last year increasing their global market share by four percent but

even through yet but investors are happy tell us more about the atmosphere behind you at the new york stock exchange. we've seen as for weeks if not for months that investors on wall street are expecting this tax reform and now it got even a bit closer to reality of the u.s. president could sign the package before christmas and for the seventieth time this year alone the dollar jones industrial average said a new all time high that is a record so having so many closing highs within one year isn't enough they're called blizzard so the tech savvy index so for the first time ever at least during training trading reached the seven thousand point mark a lot of companies are basically expecting a lot of positive figures for their own because of this tax reform which companies and just how much the benefits could be. there are some companies who might profit a bit more than others for example financial institutions merida stage firms they might do extremely well but bottom line when the talk of corporate tax rate will be lowered pretty much all of the big u.s. american corporations will profit and we've se

new york stock exchange specialist for made markets and american you know he was the market maker in those two studies that like i said i've never seen more blatant insider trading when a space shuttle or a special challenger blew up more if i call the contractor for the booster rocket puts in this case sky rocket it sure does the thing just blew up here you are observing the event as if something a blown up before it blew up in the post event you're looking back i seen that man and so now. markets are very sensitive to this data and how much of the predictive analytics that you are incorporating in this service is taken from market data well we start with market data and that's the many many example by the way you have to separate sort of predictive analytics on the one hand and like law enforcement looking for insight of traders and all that but this is sort of trading all the time in the head of you know i mean a announcements that's quite common you can always see that you can see it before the fact definitely see the. the fact but we're seeing that we see market data but we're a