i m ari melber live in washington where congress held this historic vote to expel indicted republican congressman george santos. on this vote, the yeas are 311, the nays are 114. two-thirds voting in the affirmative, the resolution is adopted. the chair announces to the house that in light of the expulsion of the gentleman from new york, mr. santos, the whole number of the house is now 434. that is exactly how it just went down. george santos, the now-former congressman, could be seen walking off the house floor for the last time during this session of congress. there he is with a handshake. this is a major shift, because republicans had previously, until today, stood by santos through the earlier scandals, the bad press, and even his initial indictment. this change came fast, santos going from that floor to exiting capitol hill as staff literally changed the locks to the offices, you see there, that he is no longer holding. this dam politically and legislatively broke wi
Walmart today. Absolutely. Even though the stock is up sharply as i said. And that does not matter to me because i think the stock continues to go higher you have to reevaluate how youre going to look at this company in terms of the growth that they are producing right now. This is about multiple expansions this is about a company that were pricing at x ike i think its time to price it as x plus clearly the purchase of jet. Com was just a sensational purchase and youre seeing evidence of that right now i bought it today. No problem buying it up 8 , its going higher. Josh, comps best in eight years. Grocery comps best in like six years. Im saying do you remember youve been talking about this stock for a long time. No doubt. We called the breakout in the 70s. And i remember some very heated arguments here on the desk about, oh, they overpaid for jet. What have they added since they bought jet, like 30 billion in market cap they underpaid for jet it was worth so much to this company becau
It is always a guessing game but this time around, the rules have changed companies will beat or miss their forecast now we are guessing how much money those companies will return to you. Sure, there are going to be disappointments. But less frequent. It is this delicious backdrop t that prevents the market from cratering despite these fears. Dow inching up 54 points nasdaq gaining we had a nice uturn from intraday lows. Speaking of a government shutdown, when we have one of these mickey mouse shutdowns, it isnt that meaningful for the stock market itself. It means a lot to the people who need government assistance, and it is shameful, they may not get it for most businesses, it is not a big deal people panic on news like this and that is the opportunity. When washington turns out the lights it gives you a chance to buy stocks lower prices than where it deserves to be trading. It causes delays from when the irs sends tax rebates. Again, another buying opportunity. Home depot, amazon, c
And also a cnbc contributor. And a writer for your favorite newspaper, the new york times. There are some things from the federal reseventh. Reserve a lot of openings i l a lot of openings. And in three weeks, the president will make a decision on whether janet yellen stays or thats right. Usually the new president gives the old fed chief a a carry over. Hes a real estate guy. She has done well on starting the exit and she has done well in terms of her relationship with the president other people are eager, theyre being promoted from different circles, including up here in new york you look like the head of the he looks like he could be a ceo. Yeah. Thank mean, if thats all it took, you would be shoein same color hair as janet yellen 2529 on the s p did you see that yeah. Equity futures indicated higher this morning. Take a quick look at that. Overnight in asia, we did see positive news. There is this country up 2 on the s p. Dow jones indicated 4. Big gain yesterday for the dow jones.
Blade runners disappointing response this weekend. Look at amc down 7 , and regal down 4. 5 . Only did 31 million over the weekend, they were expecting double, more than that well talk about that. And a massive unity rally being held in sfan this weekend. Were going to look at what this all means for the countrys relationship with catalonia and its place in the European Union. Former head of the European Central bank, jeanclaude trichet, himself, will join us is a cnbc exclusive coming up looking forward to that very mump. First, Goldman Sachs out with a new note saying tax enthusiasm will outweigh an earnings slowdown this quarter a feud between President Trump and a key republican senator could put tax reform in jeopardy cnbcs editor at large john harwood has the details. Let me put it in a bigger picture. The feud with bob corker is one of many challenges facing this tax bill first of all, it doesnt help to antagonize the Committee Chairman as the president did over the weekend and