Much. Good afternoon, everyone, im charles payne. This is making money. Breaking right now im in las vegas where it is always hot outside. Luck can run hot and cold inside that is the same thing with the stock market feeling the chill after a blistering rally. Bulls are getting cautious. The bears are shouting louder than ever. Well look at all sides, folks. Social media buzzing over the barstool story. Penn gaming did the right thing. The question what does it mean for the mouse house . Disney reports after the close. Well handicap that for you. The wage price spiral is it a myth or the biggest risk to this economy . Im separating fact from fiction with art laffer and peter same on. My take on young men getting kicked to the curb. It is socioeconomic story with jack brewer. All that and much more on making money. Charles listen, i believe, im a big, big proponent that rallies have to be tested from time to time and thats when you really get the confidence. Everyone talks about buying
There is water and coffee in the back so feel free to partake. The restrooms at the end of the hall. If you leave the building you can come back in but you will have to go through security. Those of you who will be participating in the conversation, you have microphones in front of you. You do need to turn them on when you are about to talk. I think theres a button that says talk. Turn it on, the red light will come on which will tell you the microphone is active. Were not speaking, please turn it off. We would appreciate that and you probably prefer we dont hear any private conversations as well. Those were speaking, we appreciate you being here. We ask that you keep your arm remarks to about ten minutes but i will be sitting with the secretary and try not to be obnoxious but i may waive or give you an indication if youre getting close to the ten minutes and asked that you wrap up quickly when that happens. We are looking forward to a great conversation talking about innovation in k12
Carusocabrera in davos. And she is with the man who just finished up with President Trump squawk joe kernan. Michelle yes, thats right thanks so much tyler i am here with joe wrapped up extensive interview with president know a lot of things you talked about. Give us some of the highlights. Mr. Trump comes to davos. What would be anyones first question i wanted to know here you are coming into the bastion of elitist and everything else. How are you going to sell the american first agenda to the crowd we have here in davos . When i decided to come to davos, i didnt think in terms of elite es or globalist i thought in terms of lots of people who want to invest lots of money and all coming ba can to the United States they are coming back to america. And i thought of it much more in those terms. After i said that i was going, there were massive stories about the elite and the globalists and everything else. Its not about that. Its about coming to america and investing your money, creating
Largely in the red you can see other than spain, lets call it even for the uks ftse crude oil also important to keep an eye on, given the moves last week the tenyear yield came off. Still working off a big employment number on friday. Well see if theres follow up to that and theres wti hanging right below 44 lets get to our road map this morning. And it starts with stocks. They are coming off a volatile week that ended in the green were going to take a look what to expect this week ahead of fed chair janet yellen appearing on capitol hill wednesday and thursday and secretary Steve Mnuchin said a plan to raise taxes for the wealthy to pay for middle class tax cuts is not being considered were going to discuss what should be expected, if anything, from the administration when it comes to tax reform. And amazon prime day is upon us. The deals start at 9 00 p. M. Eastern, but will they be big enough to boost the bottom line . Do they really need anything more im gearing up 20 , up 20 . Wha
Adp is a slight miss ahead of the jobs number on friday. Apple set to open at an all time high after the solid earnings. Company sells 40 million iphones in the quarter well hear what tim cook had to say about the future. We might see an open above 22,000 for the first time but how long can this rally continue Major Corporate news out this morning. A r Irene Rosenfeld to leave mondelez. Am up implieg tlying the lau the end of the september quarter. It wasnt only about ipad and iphone sales. Services revenue hit an all time quarterly record of 7. 3 billion representing 22 growth over last year. We continue to see great performance all around the world with double digit growth in each segment. Over the last 12 months our Services Business has become the size of a fortune 100 company, a milestone we have reached even sooner than we had expected. Go back to something that looks like a company where you can give it a higher multiple. Particularly the Services Revenue which is extraordinary