Today with the dow gaining 104 points jumping to another record along with transports. S p slid 0. 04 but the nasdaq, it plummeted 1. 2 . [ screaming and many of the big cat names were down much more. Days like this one show you why i find it so worrisome that stocks within the same sector often trade in tandem n unison we joust dont know which direction theyll head in so if your whole portfolio was invested in only fast growing tech stocks you got the Steve Buscemi treatment as it went into the wood chipper. If you were diversified and the cheap banks that invested in transports like the railroads or airlines you had a fabulous day. [ applause ] it was this the house of pain. The house of pleasure. Why not out ofwhere we have a chance for tax reform it didnt seem possible weeks ago so all of the Domestic Companies with high tax bills are likely to see taxes come down big time which will give their future earnings a major boost that is the key to a higher stock price. However which awe
Ecommerce growth that even as they do sends some other packages out through u. P. S. , fedex, logistics and others the vast majority, Something Like twothirds of their packages go the last Mile Delivery to peoples doorsteps through the Postal Service back over to you. Sometimes Postal Service delivers on sunday specifically for amazon, several years ago. Thanks, morgan. Lets talk about this. Are the president s attacks on amazon a sign of bigger issues ahead for the company . Donald, and dave are both with us. Welcome to you both. Tom, you think a strong argument could be made that amazon is getting a sweetheart deal here right . I definitely think if you look at the research ive read, theyre getting as much as a 1. 46 subsidy on a perpackage basis. I do think in the case of the u. S. Postal Service Amazon is definitely getting a sweetheart deal, yes. Donald, what about you . Well, absolutely. You know, the bottom line is the post office is subsidized its Parcel Delivery through its fi
Look forward to the return and congratulations again. Welcome, everybody, to the closing bell. Im wilburt frost in for bill today. Markets stormed out of the gates this morning, but a dramatic reversal in the last hour. A big day for earnings. After the bell, facebook, microsoft, qualcomm, at t, and more reporting what you need to know ahead of the reports. Starting with the initial rebound and selloff and since then pull back we are uptown at the nasdaq, and bob pasani is at the new york stock exchange, bob, starting with you the important thing is what happened in the last hour because we have weakened now, everyone is talking about the feds statement about market based measures of inflation compensation increasing in recent months, but remain low. They added that phrase they are more hawkish on inflation, but its modest, and the s p, lets look at the s p it did not move at all for the first 15 minutes after the feds statements if you thought, they would have been moving more aggress
Before the American Express news broke, the dow was under a lot of pressure. That number came in line with expectations. It wasnt terrible. The fed rate hike could still nbt cards. The dow is down 85 points. We have someone who says the Current Employment report is not measuring jobs properly. Hell explain why next. Also, more on twitter. Its falling yet again today. That stock has been cut in half in just four months. Its now 1 away from the ipo price. Well look at whether investors should be cutting losses or holding out hope at this point. Crazy. And maximizing your airline miles. Wait until you meet the guy who has flown nearly five million miles for free. I love this story. Hes looking to make a business out of helping others do the same. Bill, we have to talk about he is taking advantage of the system or just finding out the way to benefit it. Its all legal much its all ethical. Hes just found a way to gain the system. Well tell you exactly how hes doing that if a little bit. Let
How to do you achieve victory, business on wall street for learning to defend our nation at u. S. Military academy. Come to honor our veterans today, celebrate this institution that has men and women who favor service, selflessness, team and brotherhood over personal wants and needs. Might think theres a lot of overlap at west point and wall street especially today markets low. I think there is some commonality. Because leading an enterprise these days is all about the same processes that cadets learn here no wonder veterans do so well in business yeah why not . Why not . [ cheers and applause at a time when whole market can be brought down by exogenous forces we need to figure out which stocks can bounce back the fastest. Thats why im focused on similarities between how they do things here at west point and how things are done on wall street Winning Strategy is Winning Strategy, whether the military or private sector. What does it take for a company to win leadership, innovation, loya