Battle twith microsoft and the battle with prime. Things were in a different place with layoffs and a big restructuring taking place with the distribution model at the company. If you look at where things are right now, even with some of the downward pressure on stocks across the board, you are looking at the market cap of 1. 9 trillion. The Company Making 575 billion in revenue and sitting on 70 billion of cash. The stock is up year to date and is now up 6 since andy jassy took over from jeff bezos in july of 2021. That was in the middle of the pandemic. We have so much to talk to him about. We will bring that interview to you in the 8 00 hour. As you mentioned, given everything with inflation and the consumer may be feeling at this point, really perfect time to be talking to him about what he sees with his huge Retail Operations and beyond that and what is happening with technology. If you look at where the markets stand after big declines s yesterday, the dow down 400 points. The si
Averages retrace as Senate Republicans started whipping votes to pass tax reform. We have an allstar guest lineup to break it all down. North dakota senator john hoeven. Legal eagle curt and lieutenantgeneral Thomas Mcinerney here tonight. Im liz macdonald. This is risk and reward. Michael flynn will plead guilty to make false statements to the fbi. Do you think that has anything to do with the downside move in stocks . If general flynn had been charged an convicted for all the crimes the government has evidence against him, he would face 60 years, six, zero years in jail. As a result of the guilty plea that has been reduced to somewhere between six and 12 months. Did he make a deal . I think there is no there there. We turned that around. Dow industrials up one point. Corker and flake are still on the fence. James lankford is now a yes vote. This is selloff. Jeff flake who was holdout on the tax bill, we are getting word he will not be. He will be a yea vote. That would seem to indica
They have three weeks to do it. Reporter you heard on Stuart Varney how do you craft this deal that might pass in the senate . It would also have to pass in the u. S. House of representatives. This is a tall order because already there is legislation in the house from representative goodlatte which is comprehensive immigration reform. That bill will not pass in the u. S. Senate. Already theyre at odds, but the senate will go forward with people like lindsey graham, susan collins, dick durbin to figure out a deal. Lets see what President Trump says for sure. He says, no knows for sure they will be able to reach a deal by february 8th. With a biggs additional focus on put on military strength and Border Security. The dems have just herned that a shutdown is not the answer. Marc short even put it this way. We laid out very specifically what our priorities and principles were. Again a few weeks back we refined that list to be a little more careful an specific on exactly the four pillars we
After yesterdays strong rally following on the heels of wednesdays strong rally, were up about 1 on the dow. I dont like to talk about the dow but unless the s p stronger. China did all right. Shanghai up 1. 8 . Shenzhen up, and nikkei at a 3 gain. We were below 2 at one point on monday in the craziness, but now were hovering in the 1. 2. Crude had its best day in many years. Well above 40 again. Monday, we fell below 40. It has been, to say the least, a volatile week in many markets. Lets get to our road map this morning, and it starts with the last trading day of this wild week. The dow coming off its biggest twoday point gain ever, not percentage but point gain. Equity futures, slipping. Carl icahn has his next target. Why commodities . Why now . Well talk about a company weve talked a lot about and mr. Akahcarl icahn himself, and the takeover continues. Pa perrigo is saying were not interested. Ill have more on what to expect as the Companies Battle it out. Futures moving to the do
Were lockstep with europe this is a very big change. You pointed that out a number of times the tenyear note yield creeping up a little bit from the lows we saw last week. Maybe helping firm up the financials just a bit. You see crude there. We just heard, of course, from the treasury secretary of the United States, steven mnuchin. As they wrap up squawk box. Tax reform, its got to be the most significant item on the agenda you know, he seemed to echo comments he made in the past about 15 being a target but not hard and fast. He did say some things in terms of pass throughs when pressed by andrew how are you really going to be able to prevent people from becoming llc and therefore benefitting from the potentially lower tax rate than they would as individuals he said, Service Companies would be one example that were not going to allow im not sure we heard that before in terms of specifics when it comes to how theyre going to sort of thread that, very importantly if everybody becomes a p