Financials driving the premarket following those beats from goldman and Morgan Stanley plus, netflix sharpens its fangs. The streaming giants beats on subs and promises an 8 billion on original content next year. The stock is poised to hit all time highs. Trump versus insurers, the president calling out insurers and drug makers, both unh and j and y have results this morning. Well get to that. But we are going to start with the banks. Goldman sachs beating expectations as investing bext revenue rising 17 and morgan stan lids exceeley exceeds on td bottom line. Its a good time to be in the Wealth Management Business Revenue there nearly half of the total. Dont forget has the president tweeted how many electric trillions have been added . I like the fact that Goldman Sachs did not report disappoint on this fixed income trading ip hoping Goldman Sachs reads the release and comes out more positive on the Conference Call. Last time they had good numbers but they were very sir couple inspect
Where are the drinks . Im ready. Welcome to power lunch, im michelle carusocabrera. You can see the dow is lower by 91 points and the nasdaq is managing in positive territory, Goldman Sachs and United Health are weighing on the dow following their ownerings and those two stocks are responsible for more than 50 point in th dows near tripledigit decline. On the flipside, as i mentioned, netflix is up more than 10 ity hitting alltime highs on the back of their results. Harley davidson is tanking 10 motorcycle maker says demand is slowing from the baby boomer Customer Base and well talk more about that ahead and chipotle is down more than 5 . A chain shutting a restaurant in sterling, virginia, after customers got severely sick after eating there that stock down 22 in two months and well speak to one analyst who unlucky for him, just upgraded the stock based on queso. Qu is eso. Cheese. The Gop Health Care bill is dead and now so is the republican plan for a straight Obamacare Repeal and P
Im tyler mathisen. Sue has the evening off. Drama in d. C. Republican effort to the repeal and replace obamacare is dead. So it seems is a plan to repeal it now and replace it later. Three moderate gop senators, susan clinollins said they woul oppose any vote to proceed with an immediate repeal of the law and the president is not happy. Im search disappointed for seven years ive been hearing repeal and replace from congress and ive been hearing it loud and strong. When we finally get a chance to repeal and replace, they dont take advantage of it. Thats disappointing. Im very, i would say, disappointed in what took place. It will go on and well win. Were going to win on taxes. Were going to win on infrastructure and a lot of other things. Health insurance stocks were mostly lower on this new wave of uncertainty. United health care reported a Strong Quarter and bucked the trend. With health care an ever growing part of the u. S. Economy, the collapse of the Health Care Bill was felt in t
Big earnings out this morning set to weigh heavily on the averages, cat, mcdonalds, dow, dupont, 3m and coke all on the move. Wow express scripts shares falling down hard on news it is likely losing one of its biggest contracts. Well dig in on that and the companys earnings. The trade war is heating up. The u. S. Will impose a major tariff on canadian softwood lumber. Hear what the commerce secretary says about that action. Futures are getting a lift, earnings from dow components adding to the momentum. We mentioned cat, blowing past expectations with its results, raising their full year guidance, 3m exceeding consensus helped by renewed strength on latin and asia. The story of the morning may be cat, jim. Nowhere near what analysts were expecting, almost double the estimate. Whats happened with caterpillar . We call it leverage and a lot of people think leverage, what does that mean, leverage with the president with congress or leverage leverage as in debt, how we typically refer to i
Zenorah was barely one week old when doctors took her off life support. She exhaled her last breath in the arms of her grandmother. “I held her until she was, you know,” Kimberly Hammond said. “I held her until she went on and her body was cold. It was like somebody ripped out my soul.” Zenorah’s official cause of