Musks promise of making cheaper cars sooner. Stocks gain in asia, pay 69 billion sale and solid demand as a 5 coupon appears allusive. Biden says a will flow to ukraine after Senate Passes and aid package. Lets check in on earnings. Volvo cars with the focus on price and cost cutting. We know sales across europe have been slowing. Volvo cars sees fullyear revenue up at least 15 , pushing forward, revenue is a miss. Logging 93 point 8, 90 4 billion krona in terms of revenue below estimates that had seen shy of 100 billion. In terms of operating income, that came in below estimates versus just shy of 6 billion. Margin is a mess. Just shy of 5. 7, but revenue up 15 , a company we will watch at the open as we contend with softness. Competition from china, price cutting. We will be speaking to the volvo car ceo and president at 7 15 am u. K. Time. And the swiss drugmaker firstquarter sales coming in shy of estimates. 14. 4 billion, estimates for 14 billion, a small miss. We know in terms of
Back to about roughly a year ago. Just looking at that, from that point on, we have had 1000 point climbs seems every few months. Would be in this case a little more than a month since crossing 23,000. If we cross 24,000, it would be the fifth 1000 point climb in the dow, since this year. Since the president was elected a little over year ago, sixth time weve seen that happen. Appreciable advance, that at this point has a lot to do with tax cuts and optimism they are going to happen. But there is aggressive timeline here that is, has to follow exactly. Chad pergram following that very, very closely. Chad, what can you tell us . Sometime 2 00 this afternoon is when the United States senate will have a vote to proceed to the tax cut bill. They have to vote to get on to the bill. At that point as you said it triggers a 20hour clock of debate. This is under the special process of budget reconciliation. Why is that important . Well, budget reconciliation turns off filibusters. In other word
Are incredible. Thousands of people evacuated as the Massive Wildfire wreaks havoc on the los angeles area. The latest as firefighters struggle to control the growing blaze. The price soars past 16,000. Hackers have gotten away with millions of bitcoin in the highest. Fractional moves higher although the Dow Jones Industrial average moved into negative territory. S p is a s p is up a fraction of the nasdaq up a third of a percent. Major indices look like this. Take a look trading right now. The ft 100 up a fraction and the cac up a quarter of a percent this morning. Asia overnight carcass remix. The big winner at japan up about 1. 5 overnight. Hang seng in hong kong were covering up a quarter of a percent. The nfl 200 man amid a huge payday for commissioner Roger Goodell. The reaction from the delete this morning. The buyer of the artists painting that just sold at auction for 450 million reportedly revealed. Well tell you who broke the bank for that painting this morning. Jay made a t
Question. Is that it . Done with the dips so buy the dip . Its going to be another very big day. It was certainly a big night. The president upbeat. Positive. Reaching out for bipartisan deals on immigration and infrastructure. Much of his state of the union speech outlined the economys success. And a cbs poll showed 75 of the tv audience approved of that speech. The democrats, angry and and silent throughout. Nancy pelosi and schumer sat on their hands and looked frankly resentful. How will the american policy look storming out of the chamber when the crowd chanted usa, usa . The president looked good. The democrats did not. By the way, moments from now on this program the treasury secretary Steven Mnuchin Varney Company is about to begin. Trump since we passed tax cuts, roughly 3 million workers have already gotten tax cut bonuses. Many of them thousands and thousands of dollars per worker. As tax cuts create new jobs, lets invest in Workforce Development and lets invest in job train
Watch out, everyone Varney Company is about to begin. Right this very minute i know, i know we need a Little Christmas we went there, Christmas Music in july. Amazon walmart and a whole lot of others offering a big day long big deal sale day today. Weve got the bargains for you and well show them to you throughout the show. Yes it is basically christmas in july is it not . The big retailers are out there trying to drum up a whole new selling day. This could be sort of a retailing revolution christmas in july. Lets see how big this thing really is it could be a ginormous online event and weve got it for you. And donald trump, can you imagine this . Donald trump leading the latest poll, ahead of jeb bush 14 , and scott walker 8 and the rest trail way behind. Mary kissel is with us the editorial board. Like him or not, i think not. Hes shaking things up. He is. Hes the greatest gift of the democrats since todd aikens, stuart. Hes wrong on his facts. The way he has characterized oh youre g