Munster is ready to hop on the amazon call. He has three red phones. We will start at the charts. Amazon hitting alltime highs after traders dump the stock into the close meantime, alphabet and apple pulling up in the after hours session s. Amazon the new king of tech, guy i ask you a question, who was the old king of tech right . I mean it stands if they are the new ones who was the old one. Apple. Queen latifah has been queen not latifah testimony one in england. Stay on track. You could have made an argument it has always been the king of tech this is what sticks out to me and this is we talk about all the time margins. Operating motherinlaws, came in around 3. 5 the street was closer to 2 . What does that mean . Once again, amazon can turn the dial whenever they want and show profits of that magnitude. Despite valuation is it the new, old king it is the king. It is the king. My opinion. Do you think its the king . Well it has shown signs of rising to the throne for sure. Especially
Region. Maria president trumbull make a major trade announcement from the white house this wednesday following his return to washington. Meanwhile, knowledge blitz on capitol hill. Debate in full swing as republicans push to get tax reform finished by the end of the year. Dear congressman peter king told me he will vote no on this legislation. They are hardworking, middle and upper middle income people. The family may be making 400 million. They broke in her neck for the last 20 years. They are not hedge fund people. Im not going to vote for that. Maria the quest for a deal on organ hatches plan to introduce amendments to change 401 k contributions. General electric taking the stage in the spotlight this morning. The company said to hold an investor day in new york today look at the stock at 20. 79 a share. Among the top questions today. Will ge keep its dividend or cut it . What to expect out of a possible dividend cut this afternoon. Features indicate a lower opening for broader aver
Looking for a bit of a down open, perhaps. Crude oil, where is it . Where is it . I want to talk about the cushion and things i heard yesterday about the im there. Below 50 again on the allimportant wti. And the tenyear, after yesterday, of course fed minutes, we saw prices up yields down. And we are still lower certainly than we were yesterday at least because i remember we were at least 2. 1, if not almost 2. 2 on the day. Our road map starts with walmart, earnings beat on the bottom line. And this very important announcement, its going to raise the pay for roughly 500,000 employees. The markets, well volatile. Yes, they are. Premarket germany rejecting greeces debt plan. Oil is sliding. Earnings beats from tmobile marriott priceline. Those stocks moving higher. First, lets get to carl. Hes in arkansas. Hes got more on todays news from walmart. Carl . Yeah interesting, david. The quarter looked pretty good 1. 61 beats 1. 54 estimate. U. S. Comps up 1. 5, better than expected. Recall
Stock. Thatll be coming up a little bit here. We have an apple countdown. I love that. It even looks like an app in some ways. This isnt your markets countdown clock to be sure. Tesla taking off today, the electric car maker making a big announcement. It could mean a new revenue stream for the company. Well explain that one for you. We have the details coming up. Very, very very interesting. Also, a crude reality check, oil backing off of the rally over the last month here. Finished lower today, were around 56. 95 we have two sides of this story, whether or not this recent run higher for crude oil is really over or not. Its very important question for the fed for Interest Rates, and the economy down the road. Another disappointing dallas fed sur stla morning as we assess the damage. Lets start where the markets are right now in the final hour of trade. We are seeing pressure across the coverages. Its a little less than a tenth of a percent. S p down significantly, broad index down 2112
The s p. Still some market moving data to come this morning. What rivalry microsoft and sales force announce Broad Product alliances. A strategic partnership. Crm the stock benefiting. Speaking of microsoft, Steve Ballmer buying the clippers for 2 billion. The highest price ever for an nba team. Dont break out the champagne just yet. Talk about that big story. First heading into the final trading session of the month, the s p another record closing high up almost 2 for the month and nasdaq up 3 and the dow in positive territory within 37 points of its alltime intraday high. Markets still have Economic Data to digest. Chicago pmi, and speaking of the economy, Steve Liesman will have a live interview with Philadelphia Fed president charles moplosser in the next hr of squawk on the street. Were the only show that brings you plosser, teddy bridgewater and will. I. Am. The stuff you did out, just gripped and learning. Theres learning going we need to learn. Thats what its about for east coa