Nasdaq futures once again up 45 points. The momentum continues for tech. S p 50 down just a fraction after markets rebound yesterday with nasdaq ending the day at another alltime high. This is the fourth record high in the last 5 sessions for the nasdaq with gain of 118 points. The United Airlines could be cutting half of its workforce, half of employees. 2020 presumptive nominee joe biden said to announce economic plan today as Goldman Sachs warning of possible delay of Election Results that could slam markets, all expectations coming up. Plus push to Defund Police, biden says some funding should be redirected from Law Enforcement. Big cities seeing surge in Police Retirements as crime soars across the country, mornings with maria is live right now. Maria Global Markets look like this, the cac quarante is up 5 and dax index in germany higher by 152 points, one and a quarter percent. The government takes action to support an economic recovery with stimulus. In asia overnight green acro
3, but its something that we all want to get done and itll selfmade billionaire although we debated that on the show in the past, kylie con, be a tremendously big deal, this maria thats amazing, thank is something special, however, to manufacturers, farmers, you, cheryl. Quick break and then arrested again, the irs going after bankers, service people, nobody attorney michael avenatti, wait has ever seen anything like it, this is the biggest deal there is anywhere in the world by far till you hear this one, rocking and thats good, we are doing with your pets, spotify play another big one next week, this is the biggest deal anybody has list for Furry Friends and not ever seen. Maria and steve forbes one of so Furry Friends, weve got it. The big parts to this is the fact that Financial Services companies will be operating their own banks and financial as a struggling actor, Services Companies 100 wholly owned and this money that visa, i need all the breaks that i can get. At liberty butch
Listening to chris hogan and yak is so mart so thats momma mcdowell summary of the panel. Futures are pointing higher this morning as earning season really pix up steam. Dow components United Technology travelers cocacola and visa all report Quarterly Results today along with Lockheed Martin and snapchat. 17 of the s p 500 have reported Second Quarter results 77 beating their earnings per share. Jackie what are you watching this morning in terms of the big movers here . Well overall were seeing good fir for earnings and thats when investors cared about going into this earning season. Youre seeing companies that are beating on ets and not hearing commentary oh we have problems in china thats what everyone was looking for. And youre also not seeing anybody really give any cuts on guidance Going Forward as well. And this was really important to support the rally that were seeing in the markets so thats investors know it is not all fed driven, of course, this week is going to be a really b
Up. Ofnie some of the headlines come out of the meeting with the president and members of the ways and Means Committee that is going on right now, the ofsident has a competence tax reform plan coming. It will be simpler and tremendously lower. The money will come pouring back from overseas. He mentions puerto rico. He is going there on tuesday, which is today. He said the government is doing a good job in a may go to the Virgin Islands as well. Puerto rico is very important to me, that is the president with members of the house ways and Means Committee area julie hyman has the latest. Thee koman julie we saw average is up, now the gain has been trimmed in the major averages are little changed, slightly biased to the upside. One of the things that has a weight in todays session is oil. The oil stocks are down the third time in 19 days. Crude is off a big rally that we have seen, more than 20 rally from june, down. 8 percent today. The weekly supply data comes out tomorrow at 10 30 a. M.
Are stalling out here after a little bit of a rebound earlier from yesterdays losses. Sideways movement as of now. Some interesting takeaways as you take a step act. One of the metrics we are looking at is on the bloomberg terminal. U. S. Households owning shares of bonds are as of june 30. The prior record was 128. 4 act in march 2000. That is when the internet bubble popped. Berg is sounding the alarm this time. He wrote a report that this metric is a caution sign for the u. S. Market. That is something to continue to watch here. There is a lot of stock relative to gdp. Back the markets, we have some individual movers. Operators,line carnival came out with its earnings. Bookings have been so strong this year the company will be able to withstand impact of hurricanes irma and maria. Harvey was in the prior quarter. Harvey and maria will be in the current quarter. This may affect the numbers going forward. The prior quarters this year have an quite strong for the company. Earnings on t