To mark up its bill this afternoon, we are now hearing a repeal of of the Obamacare Mandate will be included. More on this Development Just breaking in the past hour. Attorney general Jeff Sessions grilled on capitol hill, what he is saying about a special prosecutor to investigate the clintons. Judge Andrew Napolitano is here with his take. David senators murkowski and collins are apparently going it vote for the bill. The dow recovering not quite enough to stay out of the red today. Down about 30. Go straight to Nicole Petallides on floor of nyse. Ge used to be a megastock. It has shrunk so much the past years, only counts for seven points of the dow but hovering near a sixyear low, right . The dow is weighted average, price goes down, value goes down, it will weigh less here on Dow Jones Industrial average. It is number one biggest loser in percentage terms. Down 12 in just two trading days as company cut its dividend unexpectedly. Everybody expect ad dividend cut but they didnt exp
President mike pence speaks on several issues including President Trumps recent trip to asia, trade policy and the ongoing debate in the house and senate over the gop tax reform plan. This is 45 minutes. [ applause ] thank you. Thank you, john. Thank you for that warm introduction. I know this has been an invigorating day and a half for all of you. And im humbled and honored to be able to speak to you all today. This is gathering of leaders of consequence. Its amazing to think that companies gathered here today represent 2. 5 trillion in annual revenue and millions of jobs across america. So we thank you for your leadership and investment and belief in americas future. We know that communities large and small across this country depend on the companies you represent here and the decisions you make each and every day. And the Business Leaders in this room, im grateful for the leadership you provide and i bring greetings. From a determined president whos absolutely determined to make ame
Summertime good friday morning. Welcome to squawk alley. Im Carl Quintanilla with jon fortt, sara eisen at post nine of the New York Stock Exchange chlgt market taking a breather after a strong week. Big tech of course setting record highs all week long led by f. A. N. G. Stocks as amazon continues to flirt with 1,000 a share. Nasdaq has only had three down days this month. Its on pace for fifth positive week in six. For more were joined by scale ventures partner kay mitchell here at post nine as well as Washington Crossing advisors Portfolio Manager chad morganlander. Guys, happy friday to you both. So much discussion, kate, about the nasdaq. Yeah. The gains, a multiple of what the other indices have done all month long, all yearlong. Exactly. And how painful this would be if it were reversed. Is that a risk . Well, its always a risk. These are getting pricey. I would say its interesting watching these companies. Theyre starting to establish by on a relative basis incredible dominance
Giant. Plus, courtroom grilling the Trump Administration defending its use of executive power and the travel ban before a federal Appeals Court. Social medias in focus. Facebook and twitter getting some upgrades ahead of earnings tomorrow. First up though, a bunch of earnings to get to, time warner a beat on both the top and bottom line. Alaska air also beating the street announcing an increase in the Quarterly Dividend ahead of the meeting with airline ceos at the white house tomorrow. Big report focused on is disney, revenue falls short of consensus, rising costs as we said, declining viewership at espn weighing on the results. Here is bob iger last night talking to our Julia Boorstin. I think theres way too much pessimism about espn because espn is still in demand from three constituents you want to be in demand the most from, one, distributors, two, consumers, and three, advertisers. And the reason its in demand is the brand is still strong, the product is still good. Weve invested
Daybreak europe, our flagship morning show from london. Lets talk about what has been happening in the markets and what has not. Volatility has not been happening. Ive got this chart, volatility in fx markets. Swings, currencies remaining well below average. Of volatility is something we talked about with our guest on a number of occasions, and seems important to talk about, given we have seen from the g20, avoiding protectionism. Would there be a mention of trade . Will they produce the communique at all . Volatility still at fairly subdued levels, and this is out of the week where global stocks have had their best performance since january, and emerging markets have had their best performance since last summer. Lots to talk about. Lets put up the risk radar it show you where we are in the asian session. The bloomberg dollar index a little bit weaker. Some nervousness around that g20 story. Itsdollar heading for longest losing streak since the trump win, the yen hitting it strongest l