India. Jeff bezos met with Prime Minister modi last night. Well hear from him when he addresses Congress Later this morning. Clinton wins enough delegates to become the Presumptive Democratic nominee. Is the battle between her and mr. Trump gains momentum. The market seems to be shrugging off this political uncertainty. Shares of lululemon bouncing around in the premarket after raising forecast for the year but offered a softer outlook on the current period. Well talk about whats ahead for that company. Stocks are looking to maintain their upward momentum a day after the s p posted highest close since july of last year. Oil rising to some eightmonth highs. Brent hits 52. All of that happening as david said within the politics mix. Hillary clinton declaring victory in the race to become the democratic president ial nominee winning four primaries including california where it wasnt nearly as tight, jim, as some suspected it might be. Yeah, you know, i think that people just want some sor
Our roadmap begins with shares of mcdonalds after reported earnings that mixed expectations. Well dig into the report. United technologies is up on earnings. Ceo Gregory Hayes is going to join us live for an interview. And the Democratic National convention kicked off with a bang. Well go live to philadelphia for the latest. But first up, mcdonalds with earnings. Sales in line, but earnings miss on the bottom line. 1. 25 a share, global comps up 31r3 31. Stocks are down 2. 5 . A year ago they were down 2 and people are looking at all Day Breakfast and saying, is this all its brought. I think theyve got some promotions that are good. The stock rangers on pokemon g japan, so it was where it was before this. Its by no means the swan song for easter book. The guy has done a remarkable job up 30 points. Can they miss in a quarter period . Yeah. The rest of the world doing pretty good. I think easter brook has done a good job. I dont think all Day Breakfast has done its growth. You need some
Here. Well discuss it with mr. Hays in terms of the decisions they made and what ive heard, of course, is how serious those conversations were. Last april and may, when they began. When they were revisited from the honeywell side in september, when they sent utx a letter. Most recently last week when they made a new proposal at 108 a share, 40 ownership of the combined company, 42 a share in cash. 22 premium to the then stock price. So, a lot to talk to mr. Hayes about. Not to mention my man here, mr. Cramer, always has questions when it comes to the fundamentals of the company. Sure. You get this combination going. Its hard not to say, look, we can finally deal with boeing and airbus. On a level playing field. The partners for Success Program that boeing has had has crushed a lot of these companies. You put these two together, they could have muscle against boeing. Like that. Utx doesnt seem to be it is a combination that would pass antitrust muster. Thats something well focus on. Doe
Closed up 22 points. S p. 18 . That is resilience. Im going to tick off how much bad news this market takes on a given day after very big run the last four weeks and the darn thing just keeps fighting. It can take a jab. It can absorb multiple upper cuts and simply wont stay down. Lay flat on the campus. First, former market darling. Aggressive Pharmaceutical Company punching back for months now, share price got cut in half today. Here is the stock that had come down from 263 seven months ago to 69 yesterday but it still managed to plunge another 35 in this one session. A sound is worth 1,000 words. Valeant including Hedge Fund Billionaire bill ackman. A year ago it was one of the best performing of all time but an astonishing tail spin since last august. You would think that valeant could shake up the whole market with the gigantic stunning decline, but hillarys wrath against the company hasnt resonated beyond this one poster child. Dont ever believe, by the way, anyone that says you
Hideous. Closed up 22 points. S p. 18 . That is resilience. Im going to tick off how much bad news this market takes on a given day after very big run the last four weeks and the darn thing just keeps fighting. It can take a jab. It can absorb multiple upper cuts and simply wont stay down. Lay flat on the campus. First, former market darling. Aggressive Pharmaceutical Company punching back for months now, share price got cut in half today. Here is the stock that had come down from 263 seven months ago to 69 yesterday but it still managed to plunge another 35 in this one session. A sound is worth 1,000 words. Billionaire bill ackman. A year ago it was one of the best performing of all time but an astonishing tail spin since last august. You would think that valeant could shake up the whole market with the gigantic stunning decline, but hillarys wrath against the company hasnt resonated beyond this one poster child. Dont ever believe, by the way, anyone that says you cant make money from