Elon musk is reportedly going, quote, absolutely hard core around head count and Cost Reduction as tesla plans for more layoffs. Lets begin with futures moving lower with the fed kicking off the twoday meeting. 4. 2 yearonyear, jim, maybe a little too low. The wall street journal this morning talking about how powell feels good about higher for longer. I still think march was weak and youre not going to get a really strong number from april. Housing, shelter, thats bad. Theres also an mcdonalds did a great graphic on squawk. Theres just this belief among people theres no controlling this thing. I think you do get control. One of the stunning things is walmart cant make any money because people are too expensive. Were in a period that people think its inflationary. That has to break. What breaks it . A recognition that we that companies cant offer what theyre offering. Lets take mcdonalds. Lengths say mcdamageds misses. Misses on earnings. Yeah. They have to say we raised the price too
President donald trump arrives in las vegas to meet survivors of sundays shooting which police say was planned in great detail. I have never considered leaving this approach to. Rex tillerson denies reports he wanted to resign as u. S. Secretary of state after tensions with trump. A Turkish Court finds forty two former soldiers guilty of trying to kill president under one in an attempted coup. Spains stock market takes a hit as catalonia moves ahead with plans to declare independence. In doha football is meant to unite people but in syria fans are divided about who the team really represents ill have that and more in the sports. U. S. President donald trump as a rock. In last vegas following the worst mass shooting in modern American History is meeting survivors and First Responders from sundays attack which left at least fifty eight people dead and more than five hundred injured trump says investigators are learning a lot more about the gunman Stephen Paddock appeared to have meticulo
Lets begin with the record run for stocks, wall street eyeing new highs as we cook off the busiest week of the quarter. President trump standing by the 401 k , this is considering contribution caps as i away to ease the tax plan chuck robins will join us live to talk about the deal. Stocks are looking to make more history after the s p closed at a record high every day last week, marking it the first socalled perfect week in almost 20 years. Meantime, nearly 190 members of the s p are out this week, including amazon, microsoft. Thursday night will be a barn burner jim, whats important . I think one thing people have to know, were coming in hot its very rare we come in this hot to the biggest week there is whats going to happen, there are going to be some that do not hold up under close scrutiny this morning, the ones that did come out are setting the tone to make it so theres a way to be able to justify it, whether it be a little thing like or big thing like a tmobile. I come back and
Times square, 1970 if only it were like that. There are still those nudists around here. There are still painted people are they naked or painted . And elmo. There will be some falfafal action out there some finest how about new yorks finest showing up for us today to protect us here. Out in fum forll force not for us . We can think whatever we like. Its about 11 months in the making big thanks to everybody who put this together for us the bugs are all out. I can hear things in my ear. You . I can we can hear our own voices, which was a problem when we first moved up there its disconcerting. Im always hearing voices in my head. You had its complicated. Its the dnc usually, isnt it oh, where is the phone to call how long did it take . 6 01 59 new home for us but were still watching the markets as always things have been under pressure in a big way dow indicated down by 130 points s p futures down by 13 nasdaq off by 33 this comes after down day for the markets yesterday. We did see stoc
Senate and in the house of representatives and well have the votes but we take nothing for granted. Trade to the latest is President Trump the latest is President Trump all the latest as President Trump will visit capitol hill tomorrow to push lawmakers to get a deal done by the end of the year. Target, watching for the numbers and well have that tomorrow. Futures meanwhile show it but give them a sharp selloff but the dow industrials down 130 points. Nasdaq down 33 points. Markets pulling back with european markets similar story. European indies to the ft 100 down two thirds of a percent. Dax down better than 1 . In asia overnight stocks were lower across the board. The light is dimming for General Electric. Another terrible day yesterday down 13 . The Company Announced dividend cuts and restructuring plans. The American People coming out. Papa johns offers an apology for divisive nfl and the remarks. Plus, played the border wall game. How cards against humanity for his to stop a plan