Policy i think we need more cooperation. That was my message, thats why i believe in this new global pa pact u. S. Tax reform is a big deal for Barclays Says the banks Ceo Jes Staley saying yus europe will need to keep up to stay competitive on one level its clearly changed or will change the dialogue around how countries are coordinating globally both in terms of how to deal with business as a function of r regulation and tax. And diageo sales up. Diageos strength is about topline growth and efficiency i call it the perfect blend. Im akiko fujita live in davos. We have heard from u. S. Treasury secretary Steve Mnuchin again saying he thought his comments on the dollar were clear he said he is not concerned with the greenback levels shortterm. This after the dollar fell further against the euro on his opening comments in davos, saying that he supported a weaker currency. Geoff will speak to the treasury secretary on a panel, the remaking of Global Finance at the forum today, which also
Backing of the hispanic voters. And this is kevlar 452b. Its a planet that looks like ice. Theyre excited. The jam packed edition of Varney Company is about to begin. John Russell Houser killed two others Pat A Lafayette Movie Theater and then killed himself. Here is lafayettes police chief last hour. The vehicle had a switched license tag on it. It was parked right outside an exit door of the theater. It is apparent that he was intent on shooting and then escaping. Stuart john Russell Houser had a previous criminal record, but had not been in trouble recently. No motive known as of yet. Lets get to the market. Look, oh look at Amazon Opening at a new record. Oh. Ashley thats 100. Stuart thats 100. Amazon is making money, revenue is up the amount of money coming in. Over 20 over the last year. Come in ashley give us the numbers. Ashley a blowout of the estimates stuart. Second quarter profit 23. 18,. 18, thats billion. Sales of cloud computing. Its picked up 81 year every year. Stuart
48. Road map begins with global head winds. U. S. Futures taking a hit as chinas market turmOil Continues. Seeing a little relief so far today and now investors turn their eye to the fed whose meeting kicks off. Big names this morning include ford, dupont, and ups. Merck reporting some mixed results this morning. First up futures rising as the s p looks to avoid its first sixsession losing streak in three years. Another decline in china. Shanghai down after an 8. 5 slide. Jim, you tweeted this morning the government took out some bad longs in china overnight. What does that mean . Im watch where the government is playing this and believe me the government is the natural buyer in this situation. They get the market come in bad. Then they let the market drop about 4 and futures were down. Then they just jammed it up plus one. Then the sellers came in and they stabilized it. Its kind of a victory for the bulls because it didnt close down. A typical collection and now theyre stabilizing it
Night. And exxon breaking below the twoday average but taylor swift in have been aty fair prizing the company. At least its still above the ipo price. Earnings coach with a pretty good beat. Cvs plagued by disappointing guidance. In china, investors must wait one day to cover positions and pay back loans to buy shares. This comes one day after the u. S. Shares fell. Shanghai managed 3 . Come firms saying were out, for short selling. This lasts for what i feel that the Chinese Government honestly, i dont think theyre idiots. They watch our show and understand things and they recognize the market has gone lower. Lets make it go lower at a slower pace. I think people are presuming the government is trying to prop it up. I think the government is saying listen, this is your chance to get out. We screwed up. Were trying to be in correction course. Its a totalitarian government. Theres not an election. If there was an election theyd throw them out. Thats not it. They have a fiveyear con fab,
Tropical storm cindy made its way. Strong winds toppled down trees. People are urged to stay off of the beaches. Im vai sikahema. And im Tracy Davidson. It is already being blamed on one death. Right now she is dumping rain over texas and louisiana. Reporter as cindy made land fall early this morning it continued to batter to gulf coast. Flooding is already a problem for dozens of kplunties. Some areas could see a foot of water or more. We cannot stress enough avoiding water. A tenyearold boy hit by a wave. It is a tragic day. It is from houston through the Florida Panhandle. Severe conditions putting a damper on Summer Vacation for thousands across the region. I thought i would go home with a tan but i dont think im going to. Cindy continues to push inland. Plenty of sunshine. Cindy will effect our area tomorrow. Erika martin breaks down what we need to know. We are tracking remnants of cindy. The concern here is how much moisture we are going to get into our area notice how we start