Listening to chris hogan and yak is so mart so thats momma mcdowell summary of the panel. Futures are pointing higher this morning as earning season really pix up steam. Dow components United Technology travelers cocacola and visa all report Quarterly Results today along with Lockheed Martin and snapchat. 17 of the s p 500 have reported Second Quarter results 77 beating their earnings per share. Jackie what are you watching this morning in terms of the big movers here . Well overall were seeing good fir for earnings and thats when investors cared about going into this earning season. Youre seeing companies that are beating on ets and not hearing commentary oh we have problems in china thats what everyone was looking for. And youre also not seeing anybody really give any cuts on guidance Going Forward as well. And this was really important to support the rally that were seeing in the markets so thats investors know it is not all fed driven, of course, this week is going to be a really b
With us and former president ial candidate Mike Huckabee and chairman of Laffer Associates, art laffer. Weve got an amazing lineup. You dont want to miss it. The top story is china trade. U. S. China negotiations picking up again tomorrow. Robert lighthizer and Steven Mnuchin arriving in china, theyll meet tomorrow with chinas vice premier. Talks this time are around what theyre going to look at Agricultural Products and huawei technologies. Jack, i want to go to you first. A lot of controversy over huawei being included in these talks. Its so interesting, because seven months ago i dont think too few people knew what huawei was in america. Or how to pronounce it. Im still learning. What do you make of the new trade talks with lowered expectations. If youre a stock investor, i think this is a good starting point for you with expectations low. We had past talks where we expected a big, grand deal. I dont expect anyone talking about that now. Theyre talking about Agricultural Products an
House budget committee, discusses federal spending and efforts to avoid another government shutdown. And at 9 30, emily martin of the National Womens law discusses efforts to close the gender pay gap. Host political reporting that House Speaker nancy pelosi will meet with Steven Mnuchin to discuss finding ways to avoid budget cuts and raise the debt limit as congress possibly faces another federal shutdown later this year if these issues are not resolved. This is the washington journal for july 10. Part of his political many credit him for the rise of and airdparty system recent poll showed many respondents say the current twoparty system is broken. That is what we want to get your sense of in our first hour of the washington journal. When it comes to the twoparty system, do you think it is broken . Call us and tell us why. If you consider yourself a political independent, 2027488000 is the number to call and everyone else can call at 2027488001. You can post your thoughts on twitter a
Why am i smiling, author of upcoming persuasion, lee carter is here, new mom as well. You look amazing. What a day for you to be back, too, i cant wait for calm, rational analysis of the war of words. [laughter] dagen former investment banker and nfl player. Record run, futures are pointing to, take a look, at hope this morning, 16point loss on dow futures, the earning season fully underway, jpmorgan, chase and Goldman Sachs reporting ahead of opening bell while fargo released quarterly number this hour, john, what are you watching for and what are you expecting . I think we will see fairly recent reports, you will probably see Companies Beat expectations, stilet not forget that the consensus view of Equity Analyst is in the Second Quarter we will see roughly 3 drop, we are seeing the first back to back decline by corporate earnings since early 2016, nevertheless, i dont think the current slow do you know will match the severity of global slowdown we had in 2015, 2016, so the market sh
Manage our countries physical health, and that starts with the developing of a responsible budget. We passed a budget out of committee in the eight years that republicans were in the majority. I wish my colleagues on the democrat side would have done the same. They have not seen it that way. So right now, we do not have a budget. The 10 Appropriations Bills that have passed have been largely partisan bills that exceed the caps. They are not going to go anywhere, because they just, they will not work. And it is very unfortunate that we are in the situation we are in. Host can you explain to the audience where we are at as far as the budget caps . Guest the budget control act put caps in place and go above those we must pass legislation to raise those caps. And we do not have a cap steel. The reason is our democrat colleagues will not come up with ways to offset that increase in spending. The tenant perspiration bills the tenant probation bills they have passed increased spending with no