Maria good morning, big show this morning, coming up mit professor of oh economics and obamacare architect is here to talk democrat medicare for all professes, International Policy analyst richard here to talk iran, lots to talk about this morning, dont miss a moment of it. Rally underway, joining the conversation fox business Dierdre Bolton and wall street journal Editorial Page Editor James Freeman and host of the secrets of wealthy women podcast veronica dagger. Happy friday. We have a firmer tone this morning, stocks surging earlier in premarket also the highs right now, but still higher as markets continue in rate cut, 2day meeting, july 30 or 31. 25 basis cut and this morning to you i keep thinking of microsoft, what a huge surprise that was the First Time Ever that Cloud Business just rocketed. But stock was left for dead, right, after the eu declared monopoly, its not just a oneman show. Maria leadership has helped the company. Yeah, for sure, i wonder why is it a 90 chance of
Stocks went up 225 billion. Were up 10. 1 trillion since the election of donald trump. This monday morning, the dows going to be up about 50, modest gain for the s p, but look at that nasdaq. Up about onethird of 1 , 24 points up. Big tech looks like its rallying today. Earnings season has begun. Good numbers from citi this morning. Its goldman tomorrow, ibm wednesday, microsoft thursday. How about this from peter teal. Google, he says, is treasonous, his word. He asks three questions. Has googles Artificial Intelligence project been infiltrated by foreign secret agents . Does googles leadership believe it has been infiltrated and number three, is that infiltration the reason for googles treasonous decision to work with the Chinese Military and not the pentagon . Well connected and influential. Here we go. New week, record highs, profit reports and wilbur ross, out at commerce . Varney company is about to begin. Stuart if this doesnt cause outrage, what will . Shocking videos, antii. C
This after a day of trading that saw s p 500 hit another alltime high, second straight day of record. Meantime investors are cautiously awaiting upcoming earning season with 80 of s p 500 Companies Reportedly cutting earnings forecast. Joining me research chief macro strategist lenor hawkins, what is driving the market to plus side if you watch the bond market, 10year yield falling and closing below 2 yesterday and then you this percentage of s p 500 Companies Cutting their earnings forecast . This is really all about the fed in the hope that easy money will keep prices going up because this has nothing to do with fundamentals, if you look at what happened at first half of the year, s p 500 rose 17 , the strongest first half of the year since 1997 but if we look at earnings, if we look at whats going on with the fundamentals, earnings declined 4. 4 for the s p 500 for the First Quarter and expect today decline negative 2. 3 in second quarter, you have prices going up while the actual r
The committee on health education, labor and pensions will come to order. Senator murray has an important meeting right now, and she has asked me to proceed with a hearing because we have six excellent witnesses, and we want to make sure that we hear from each of you. And we want to senator tuesday have a chance to ask questions of each of you. And so patty should arrive about 10 00. When she comes while well interrupt and let her make her Opening Statement and then well resume the hearing. Morning, senator murphy. Nearly a year ago dr. Brent james from the National Academies testified before Senate Health committee with a startling statistic. Up to one half of what the American People spend on Health Care May be unnecessary. Let me repeat that. Up to half of the 3. 5 trillion the United States collectively spend on health care in 2017 was unnecessary according to dr. James, and many of the other witnesses at our hearings agreed with that. Thats 1. 8 trillion, three times as much as we
Bills. The committee on health education, labor and pensions will come to order. Senator murray has an important meeting right now, and she has asked me to proceed with a hearing because we have six excellent witnesses, and we want to make sure that we hear from each of you. And we want to senator tuesday have a chance to ask questions of each of you. And so patty should arrive about 10 00. When she comes while well interrupt and let her make her Opening Statement and then well resume the hearing. Morning, senator murphy. Nearly a year ago dr. Brent james from the National Academies testified before Senate Health committee with a startling statistic. Up to one half of what the American People spend on Health Care May be unnecessary. Let me repeat that. Up to half of the 3. 5 trillion the United States collectively spend on health care in 2017 was unnecessary according to dr. James, and many of the other witnesses at our hearings agreed with that. Thats 1. 8 trillion, three times as muc