Better than sxiktestimates. Road map begins with slowdown concern, tariffs and decelerating Global Growth weighing on the economy in q2. Top white house economic adviser larry kudlow will join us first on cnbc. We have investors buoyed this morning by strong earnings from tech giants such as alphabet, twitter, and intel all of those stocks pointing to a higher open. And starbucks rallying as well as sales surge. The coffee retailer raising its outlook. Kevin johnson joins us first on cnbc this hour futures are higher on those upbeat earnings. Gdp did slow to 2. 1, but beat expectations earnings big picture today googles parent beating big on both the top and the bottom lines. Twitter also beat the street, reporting 139 million monetizable daily users, more than the street had been looking for. Biggest number in about two years. Amazon did miss on earnings, revenue was ahead. First time in five quarters that amazon did not post a record profit, taking a hit from shipping costs the thesi
Should be focused on what is it welcome to power lunch we are in rally mode the nasdaq hit its first record for december the dow jones and the s p 500 on the fourth straight week of gains. Consumer discretionary moving big. Underarmour moving higher. Kohls also. And take a look at the electronic retailer, up more than 50 this year thank you we begin this hour with tax refo reform expected to be agreed torsion signed, eventually unveiled to the public later today we still await the final details of what is in and what is out. Live in washington reporter two sources now confirming to me marco rubio does plan to support the republican tax bill. They put in some lastminute changes to win him over. Namely increasing the refundable portion of the Child Tax Credit. Just about an hour ago, kevin brady who chairs the ways and Means Committee spoke about at the chances of the bills passage, not just through house but also the senate where republicans have a very narrow margin im confident at the
Died. Her publicist says she died with her husband and friends nearby. She was 80. Global news 24 hours a day, powered by more than 2600 reporters and analysts in more than 120 countries. I am alisa parenti. This is bloomberg. Caroline this is Bloomberg Technology. Up, the tech season heats up with qualcomm, at t, and even they are reporting or it result ahead as the dow clocks and above 20,000. Plus, cisco ceo tells us how its 3. 7 billion acquisition permeated the first major tech ipo of 2017. Finally, lucky money turns digital. With the help of . 10 messaging app we chat, we take you to chens and to show you how the chinese tech giant is gearing up for the Lunar New Year. First, to our lead the earnings parade continues at qualcomm, at t, ebay reporting results after the close. Qualcomm reporting sales that came in just shy of estimates, giving guidance it may miss sales and profit estimates in the current period. As you can see on the bloomberg trading, just slightly lower in after
Died. Her publicist says she died with her husband and friends nearby. She was 80. Global news 24 hours a day, powered by more than 2600 reporters and analysts in more than 120 countries. I am alisa parenti. This is bloomberg. Caroline this is Bloomberg Technology. Up, the tech season heats up with qualcomm, at t, and even they are reporting or it result ahead as the dow clocks and above 20,000. Plus, cisco ceo tells us how its 3. 7 billion acquisition permeated the first major tech ipo of 2017. Finally, lucky money turns digital. With the help of . 10 messaging app we chat, we take you to chens and to show you how the chinese tech giant is gearing up for the Lunar New Year. First, to our lead the earnings parade continues at qualcomm, at t, ebay reporting results after the close. Qualcomm reporting sales that came in just shy of estimates, giving guidance it may miss sales and profit estimates in the current period. As you can see on the bloomberg trading, just slightly lower in after
On what crossing this milestone might finally mean. We sat here a few weeks ago. Right. We got within a third of a point. Ill tell you the difference is the way you cross it. I mean, when we got there last time, i think a lot of people felt, wow, all these stocks are so stretched. Its really the banks that are doing it and thats not sustainable because banks have gotten way ahead. You look at the charts. And most of the of the good numbers that were in are more animal spirit driven. This is the biggest week of earnings, big week of earnings last week and were putting together a proctor, an american express, we look at ibm, 3m, which i know some didnt think was that great. It was fine. We look at United Technologies and boeing and say, geez, these are companies doing pretty well. So maybe its not all smoke and mirrors. Maybe its not all animal spirits. Maybe its not all trump inauguration. There was also a tremendous short base put in because people felt like no matter what happened its