It might sound crazy, but our market monitor says wells fargo is a stock to own, despite its run of stumbles and scandals. Strike taking big. How one entrepreneur turned rundown Bowling Alleys into a modern powerhouse brand. Find out how he made his millions tonight on nightly Business Report. Its friday, december 23rd. Good evening, everybody. Im Bill Griffeth in tonight for tyler mathisen. And im sue herera. Thanks for joining us, everybody. The Defense Sector is being shaken up. The president elect is pitting Lockheed Martin against boeing, two of the worlds biggest defense contractors. And today lockheed stock felt the pressure. As we reported last night, donald trump tweeted that he could use a boeing plane as a substitute for Lockheed Martins f35 combat jet. The f35 is the most expensive weapons system in history with an estimated 400 billion price tag, nearly double the original budget. Morgan brennan has more on what has the potential to be a big fight over fighter jets. Report
It might sound crazy, but our market monitor says wells fargo is a stock to own, despite its run of stumbles and scandals. Strike taking big. How one entrepreneur turned rundown Bowling Alleys into a modern powerhouse brand. Find out how he made his millions tonight on nightly Business Report. Its friday, december 23rd. Good evening, everybody. Im Bill Griffeth in tonight for tyler mathisen. And im sue herera. Thanks for joining us, everybody. The Defense Sector is being shaken up. The president elect is pitting Lockheed Martin against boeing, two of the worlds biggest defense contractors. And today lockheed stock felt the pressure. As we reported last night, donald trump tweeted that he could use a boeing plane as a substitute for Lockheed Martins f35 combat jet. The f35 is the most expensive weapons system in history with an estimated 400 billion price tag, nearly double the original budget. Morgan brennan has more on what has the potential to be a big fight over fighter jets. Report
Market monitor says wells fargo is a stock to own, despite its run of stumbles and scandals. Strike taking big. How one entrepreneur turned rundown Bowling Alleys into a modern powerhouse brand. Find out how he made his millions tonight on nightly Business Report. Its friday, december 23rd. Good evening, everybody. Im Bill Griffeth in tonight for tyler mathisen. And im sue herera. Thanks for joining us, everybody. The Defense Sector is being shaken up. The president elect is pitting Lockheed Martin against boeing, two of the worlds biggest defense contractors. And today lockheed stock felt the pressure. As we reported last night, donald trump tweeted that he could use a boeing plane as a substitute for Lockheed Martins f35 combat jet. The f35 is the most expensive weapons system in history with an estimated 400 billion price tag, nearly double the original budget. Morgan brennan has more on what has the potential to be a big fight over fighter jets. Reporter call it a fighter jet faceo
Territory closing up 11 points. Thats an 11day streak of record highs. Most of my staff hadnt been born since we saw a streak that long. It nasdaq closed 0. 17 up. Nevertheless, i think top calling is going to be a constant refrain from here on in after the remarkable run weve had since the election. Some of the get out and out calls will be id logically driven. Some will be valuation driven. Some of them will be plain old, i cant take it anymore driven. I come with this top stuff in a totally different way. Almost an antediluvian way frankly. I think about stocks as individual companies and the market a conglomeration of those compa companies. I do a game plan about individual stocks on every friday. Otherwise, it might as well be all about roulette where we bet on black to go up and red to go down and double zero for a crash. If that were the case, id simply come out here on friday evenings and read from the gambler every night and then retire when we finish that fabulous novel. Alth
Quarterly results late today. We begin with amazon and its big earnings miss, not coming anywhere near where wall street was expecting. And one reason was a sharp rise in the ecommerce companys shipping costs which rose more than 40 . Other expenses included investments in new Growth Markets like fashion and beauty. Here are the numbers. Amazon earned 52 cents a share. Wall street was looking for 78 cents. Revenue rose 29 from a year ago to 32 billion. But its Sales Guidance wasnt as strong as some would have liked. That sent shares lower in initial after hours trading. Heres the onekey takeaway from amazons results. Reporter over the last two quarters, amazon has blown earnings expectations out of the water. When it came up short this time, the stock went lower in the after hours. Amazon was expected to make a killing in the ecommerce space during the allimportant Holiday Shopping season but its outlook fell a little short. On the bright side, its ecloud business continues to grow at