Economies theyre watching closely. Well get you the latest from the crown prince and go live to saudi arabia. Perrigo ceo joe papa is out, hes heading to valeant. And surprising sales number from the apple watch on its first birthday. Well break those down and get a preview of apples earnings tomorrow. The three major indices in the green for the month the dow leading the pack up. Saudi arabias cabinet approved a plan laying out economic reform priorities for the next decade and a half aiming to reduce the countrys reliance on oil, a partial ipo of the stateowned oil company is part of that plan. The saudi deputy crown prince expects to be valued at more than 2 trillion. And then they argue by 2020, guys, country will not be as dependent on oil as it is today. I question the whole notion of dependence. Because if you go over the slumberje quarter, talks about how theyre really the only country that has swing capacity. No other country in the world has the ability to put out another 2 M
And the biotechs sbas he things could have a potential upside. And jeff bezos. Producing an agreement. The real story could be a power struggle in saudi arabia that appear taos be emerging. Well take you live doha for more on that story, but lets begin with netflix. Two big stories out. Our Julia Boorstin is standing by. Josh is all over ibm. Give us a little preview here to kick things off. When netflix reports all eyes will be on ids streaming video subscribers and whether they need or sur paez the nearly 18 million that would reach this quarter and we could expect particular focus on how many they project for the Second Quarter. Also the impact of some price hooiks rolling out next month in the u. S. The companys forecast to grow revenue 25 , 1. 97 billion while earnings per share are expected to fall. This is the companys Global Expansion as well as more original and exclusive conflict. Well also be listening to see what is said about amazons new offering. Prime video service, stan
Easier to get a job, those jobs tend to be a lot worse and a lot lower paying than most people thought would be possible in 2016. Unless youre a Computer Science major from stanford. If only stanford took in 10 Million Students for compsci, they could raise rates with abandon. I also liked the way the fed described the economy. Its a little bit better, but Industrial Production is lousy, and the strong dollar that weve been having, its really hurt business. Frankly, thats exactly what i wanted to hear. Some recognition away from Donald Trumps jeremiahs about world trade. That if we take rates higher, were going to be creating a Playing Field that is so unlevel for exports, we might as well not even bother to try. And thats why not only did the stock market go higher, but more importantly, i think, the dollar plunged. Plunged plunged versus the euro. Right after the feds announcement. How important is a weaker greenback . Get this. I think after tonight, we can retire the super freaking
And not when the hooting and hollering in the market place says something must happen or else, whatever else is. And thats how the stock market could rally today. Dow gaining 74 points. Its highest level of the year, by the way. S p advancing 5. 65 , nasdaq climbing 0. 75 , because the feds got a brain. Its not on auto pilot. Its taking the long view. And it doesnt want to be the reason why the u. S. Economy gets weak, like almost every other country on earth. Year. With one candidate, donald trump, running against a huge part of the federal government. You dont want the fed to be added to the list of enemies that can be trashed at a whim. [ booing ] when the fed decided today that it wasnt going to adhere to the four rate hike plan for 2016 that it foolishly laid out in december, we got a nice commonsensical change of pace. While i personally think the datas gotten a bit better over the last month and hiring is better too, we finally seem to that hiring is all that matters. And what m
Contracts are set to be signed. A big drop in watch exports to china. Data shows the 6th month of declines. And canadian Prime Minister resigns after suffering an election defeat to the liberal party delivering the countrys first liberal leader in nearly a decade. We beat fear with hope. We beat cynicism with hope. We have a positive vision that brings canadians together. Welcome to the show. Lets get straight to european markets. Yesterday we got out a little bit of a gain for Continental Europe although the ftse 100 was down and today its a lackluster open with slight gains for some of the markets. Ftse 100 up 0. 2 and germany up 0. 15 and france and italy both broadly flat. Yeah, so a flat start this morning. A flat close last night when we were saying goodbye to the market trade. When looking at the u. S. Markets and just seeing the indications and what were seeing ourselves up for still a number of hours to go. But flat to slightly higher markets. We have had big names through rep