Tiktok. Thatow we are hearing thiller. And of 49 fortnite, apple says it is terminated ebix developer account. Developer account. A lot going on. The fed, the prime and a strut japan stepping down. Earnings. The ending of the Republican National convention. Walk us through what has impacted the day. So much and all of it ended in record high for the nasdaq and s p 500, investors encouraged by the fed latest policy shift, the idea that perhaps it is reinflationary in nature, stocks respond in kind. Apple, this is interesting, over the last two days apple is underperforming, down the last two days 1 , closing a little as were mentioning now, terminating the epic caliber account in the midst of the developer account went epic refuses to pay the 30 fee. That apple is standing up for that along with alphabet shows they are forcing developers to comply with roles. It will be interest rules. Im not sure how this would impact the bottom line for apple but it must not be all that much. You ment
Hi im Steve Clements and i have a couple of questions can the Republican Party survive President Trump and what will that party look like if you wins again lets get to the bottom line. For the past 4 years donald trump has been radically reshaping the Republican Party and his image and with his trump brand in the partys convention this week he decided to speak every night bucking the tradition where the candidate accepts the partys nomination on the last night usually lots of confetti and balloons at that crescendo hes also stuff the keynote speeches with family members branding the convention as a trump a vent and less of a Political Party of educate but what happens if youre a republican but you find his policies or his leadership or his character distasteful is trump really a conservative and under his leadership what does the Republican Party stand for joining me today is someone who work directly with President Trump banker and Hedge Fund Manager anthony scar muchi was famously th
Hi im Steve Clements and i have a couple of questions can the Republican Party survive President Trump and what will that party look like if you wins again lets get to the bottom line. For the past 4 years donald trump has been radically reshaping the Republican Party and his image and with his trump brand in the partys convention this week he decided to speak every night bucking the tradition where the candidate accepts the partys nomination on the last night usually lots of confetti and balloons at that crescendo hes also stuff the keynote speeches with family members branding the convention as a trump a vent and less of a Political Party of educate but what happens if youre a republican but you find his policies or his leadership or his character distasteful is trump really a conservative and under his leadership what does the Republican Party stand for joining me today is someone who worked directly with President Trump banker and Hedge Fund Manager anthony scar muchi was famously
We ta retail sales were lower than expected autos adding to the pain with biggest names if the group or deck for earnings next week, well tell you which stocks could be set to take off later, it is apples epic battle both apple now and google kicking out fortnite out of their app stores well explain why they are doing it the fight it could spark and the crackdown on big tech that could be in the cards. Power lunch starts right now happy friday to you. Check out the transports out performing this week up 4 those moves are thanks to fedex and avis budget up double digits for the week with all the major averages up more than 50 from the march lows, its the question being heard around wall street is the market rebound getting too far ahead of the economic rebound. Were digging into the data. The stock market could recover its all time highs we went back to 1973 and looked at how stocks behaved. It takes 2. 7 years to get even this recovery probably will be measured in months the fed and co
S p 500 few you ares up 15 the nasdaq with a gain of about 1. 7 all because of what is happening with four big horseman check out shares of apple, facebook, alphabet and amazon. They went before congress two days ago and came out with earnings that knocked it out of the park on every one of those counts three of the four are trading sharply higher apple up 6. 1 , facebook up 5. 8 , amazon up 5. 4 alphabet did beat earnings estimate did post the first revenue decline and is down 0. 67 . More on those in a second. Lets kick it over to wi will everyone wilford. Good to be back extraordinary numbers, as you said well discuss those in a moment. First check out this mornings agenda as we are closing out the week well bring you results from cat, chevron, exxon and merck. Kol gate, underarmor and others. The late day of july lets check out the market score card owl three major indices on track for the fourth straight gains. Nasdaq the big oner up 18 month to date up 5. 2 . This past week, back