Since may, cross currents have reemerged it was almost a year ago today, july 18th, 2018, that the president first levied his criticism against the chair in an interview on cnbc im not thrilled because, you know, we go up and every time you go up, they want to raise rates again. I dont really i am not happy about it but at the same time, im letting them do what they feel is best. But i dont like all of this work that goes into doing what were doing. Since then, dozens of tweets and quotes going back to the fall obviously things like are you listening, fed, they dont have a clue, we would be thousands of points higher on the dow like a stubborn child blew it is this going to be enough i do, i thought the statement was written by larry kudlow had i first read it. It was written by fed chairman powell the key thing is he does blame the tariffs because he says domestic is good he lays it on trade tensions, which is therefore saying listen president trump, the fault isnt in trump, it is the
Reform promised by the white house was delivered on time. And now, as the wrapping continues to get ripped off, were finding out more and more about the impact of the new law. And now more companies are coming out with figures on how their bottom lines might be affected. Positively, negatively. Morgan brennan has a look. Reporter Corporate America is finally beginning to release hard numbers from the Immediate Impact to the Balance Sheet from tax reform. Insurer chubb expects a bottom line boost in 2017. Daimler and bmw, although bmw added it couldnt quantify the tax effect for 2018 just yet. These announcements coming after fedex kicked off the trend last week, saying reform could add 1. 5 billion in profit to fiscal 2018, before the bill had even become law. Were encouraged by the tax cuts and jobs act, the legislation advancing in congress at this very moment. This legislation offers pro growth, pro Business Tax Reform solutions that will power the economy, increase business investm
What list . Thats on my the other one. The one that begins with an f. My husband did that a couple of years ago. Before i knew him and im glad about that. And that would make me thats just me but that would make me just wonder. Wouldnt you like to at least be there for that once . I read sun also rises. I got the sort of the romantic idea of whats going on but i would never in a million year dos that. I wouldnt want to be running but as a spectator it could be interesting. I would never jump in a from one of the windows a couple of stories above. Would you do a flying squirrel . Ill never do that either. I dont think ill ever jump out of an airplane. Perfectly good airplane. Not once you have kids. Not for any charity or stakes whatsoever . If there was a charity and a certain amount of money id think about it and then decide not to do it. If this was a golf outing on the other side of it. When i see a really close out of bounds thats as close especially if im slicing thats as scary as
Stanley. Gold falls to a fiveyear low while the dollar hits a threemonth high, well look at the Drivers Behind the moves and the impact. And ebay and papal begin trading as independent companies today. Well talk with the e bay ceo later on. First up Morgan Stanley better Second Quarter results. A Strong Performance in the brokerage business. Long lines in greece over night as the banks reopen after about three weeks. Some capital controls. You can access your safety deposit box. You cannot cash a check. You can deposit and there are limits on the number of euros you can take out. Morgan stanley, trading is the story this time after Wealth Management has been the story there. Lets compare this. For fixed income morguen stanley had a gain of 30 . Jpmorgan minus 10. For equities plus 28. Goldman plus 24. Citi minus 1. Some people are saying the liquid ratios arent enough. That was the wrap on the story about why it was up 41. 5 and then people turned it down. This has been a phenomenon of
The year where were overloaded with earnings information, most companies in the s p report this week. Remember that the professionals listen to every Conference Call check every model and do deep dives in each quarter which means that unless they get up at 4 00 a. M. And work until 11 00 p. M. They simply dont know about what should be bought and what shouldnt be, and i have to tell you, thats why a lot of mistakes are made. Thats why i tell you at home to stop, look and listen during these periods. As we try to run the gauntlet created by the cacophony of earnings season. Whats exactly in store for us for the rest of this week. Tomorrows all about apple and ten days ago the company made a major push into china and the worry is the sizeable chunk of buyers may have been margined out of this stock positions in the great crash of china and they migrate to the expense of iphone 6. Not this quarter, since it didnt include the chinese debacle and thats why it is so important not to trade of