Since the aca was not repealed. Lets get to the road map and now it starts with tackling taxes, the president is looking to rally republicans on a tax reform strategy. And plus the Global Markets are down on signs of a stalled trump agenda. It is on track for the lowest losing streak since 2011. And premarket, after five top analysts issued bullish ratings on snapchats parent. Global markets are moving lower on the pulling of the Health Reform bill and how it can impa impact President Trumps pro growth agenda. Yesterday on nbcs meet the press the president s budget director mulvaney described why there was a rush to pass Health Reform legislation. Heres the hurry. Theres a lot to be done. We needed to get rid of obamacare. We needed to fix the system so we could help folks back home and then move on to tax reform so that we could help people get back to work. The president wants to do a lot of things and is not willing to do what other politicians would do. And here we sit of course to
You had one set of facts that you wanted to stick to, even as that narrative has changed for the worse or for the better. Yesterday the facts changed for American Express and the stock roared 9 higher today, helping to prop up the Dow Jones Industrial average. Dow ultimately dippingc 40 points. S p declining 0. 14 , nasdaq slipping 0. 09 . Ill have more to say about the debates impact on the market later in the show. For now, i want to talk about how stock picking is the opposite of politics. If you change your mind in politics, you get eviscerated. But if you dont periodically change your mind in the stock market, your fort folio gets eviscerated. Im hardly the person to point out this need for flexibility. Keynes asked why he flipflopped on a issue allegedly responded, when the facts change, i change my mind. What do you do, sir . I say allegedly because the story is aprosthetic riffle. American express had been a serial guide downer, almost every quarter produced a disappointment.
Roared 9 higher today, helping to prop up the Dow Jones Industrial average although not enough to keep it in the black. The dow ultimately dipping 40 points, s p declining 0. 14 , nasdaq slipping 0. 09 partially because of the rancor of last nights debate. Ill have more to say about the debates impact on the market later in the show. For now, i want to talk about how stock picking is the opposite of politics. If you change your mind in politics, you get eviscerated. But if you dont periodically change your mind in the stock market, your portfolio gets eviscerated. Im hardly the first person to point out this need for flexibility. Im taking my cue from the late, great economist john maynard keynes, who when asked why he flipflopped on a issue allegedly responded, when the facts change, i change my mind. What do you do, sir . I say allegedly because the story is apocryphal, but the sentiment certainly rings true. For example, until last nights been a serial guide downer, almost every qua
Today. Road map begins with apple. Shares falling after that first revenue decline for a year since 2001, but its cash hoard swells to a new record. Cocacolas poised to open higher, this after a quarterly beat. North america showed signs of strength, and that did offset sales weakness abroad. And shares of chipotle and panera going in opposite directions, both reporting earnings. Were going to break down those numbers. But first, apple shares falling. Quarterly earnings did beat consensus but profit and rove knew fell for third consecutive quarter as apple sold fewer iphones than a year ago. Apple is banking on iphone 7 to boost holiday quarter. And on last nights Conference Call tim cook talked about prospects for growth in china. Its very hard to gauge demand, as you know, when youre selling everything youre making. And so well find out more through the quarter, but were confident enough to give you guys guidance that were returning to growth this quarter, which obviously feels very
We love this stuff. Britain is voting now on the same issues we will vote on in november. At this moment, gamblers are getting desperate to stay in the European Union. State of the overwhelming favorite. However, conventional polls say it is neck and neck. Investors placing their bets and go in with the bookings. They are buying stocks on the expectation that written stays in europe. This is exciting rock n roll stuff. On this all day long. Up 170 points. Now look at this. House democrats turn congress into what im going to College Students titled demo, an overnight city trying to change the poster lando debate from terror to guns. Look at this. The attorney general says we need terror by loving one another. The new donald trump big speech. I message. The Mainstream Media grudgingly out of work. Terrifyingly affect as safeway. We discover. Varney company is about to begin. Trained to think you heard that. Im pretty sure you did. The guy shouting was louis go mart, shouting that democra