Shares of ge sinking premarket on the heels of the biggest decline in almost a decade John Flannery will join us later this hour. Hurricane boost for home depot, raises full year guidance reports. Buffalo wild soaring premarket, getting a buyout offer from york capital. Well talk about that in a moment 7 drop, the biggest one day fall since 09 on monday they outlined the turnaround plan and announced it is cutting its dividend in half. Were going to talk to John Flannery exclusively later this hour lots to get to on the portfolio, on the influence of trian and dividend itself and what the message is going to be from here. Totally agree i think there are some issues about the way they are going to build the cash flow issues about the way 2018 is supposed to go and yes, theres a bit of a truth in reconciliation needed about how the company could have been so wrong about its own numbers in 2017, about how to tend to switch to real acting as opposed to the suboptimal form of accounting. Th
Cramer, faber is off president is in wisconsin, surp positive, yields tick up on decent core ppi. Tech stocks taking a tumble. Treasury is out with its plan to loosen Bank Regulations and is the worst over for under armour . The stock having a nice bounce after the warriors take the title. First up, tech stocks looking to rebound from their worst twoday streak of the year jim looking at some of the percentage declines for fang, somewhere in the 4 to 5 range. What happened is you didnt get followthrough other than the negative apple you got a downgrade of adobe that lasted for about 30 seconds. There were no substantive calls and by the way no preannouncements that these great tech selloffs that weve had there usually is a linkedin tableau data, upgraded today by goldman. Theres something to hangon to which says tech has slowed down but we didnt get that, which made it so it was more of an air pocket than it was the beginning of some gigantic rollover. Just didnt get it i was looking fo
He is outnumbered with some very strong feelings on what we are learning this hour. Sandra what we need to learn on this as we were talking about before the show, give us some details. Give us the numbers on this. We need those answers. Trish ive got some answers for you. David texting your congressman and staff. Sandra we have got someone standing by on capitol hill, mike emanuel giving us those details waiting on remarks from President Trump as House Republicans are releasing the text of their long awaited tax overhaul. It will preserve the popular 401 k retirement account. But it would put tax detentions for mortgage on newly purchased homes. It would also limit deductibility of local property taxes paid to the Corporate Tax rate would go down from 35 to 20 , and it would nearly double the standard deduction which they say will benefit middleclass earners. This plan is for the middle class families in this country who deserve a break. It is for the families who are out there living