Adjustment earnings. Havee battle for strength top hundred 84 a share in at ts bid and verizons bid before. They have a huge spectrum. It is all about 5g for these players. Jonathan Emmanuel Macron scored a decisive victory over Marine Le Pen. 60 of the over votes. , guyng us now from paris johnson. Fantastic reporting yesterday. The job for Emmanuel Macron. Talk to me about what he needs to achieve over the next month to make sure he gets something out of those parliamentary elections. This is just one piece of the puzzle. Presidency a major leap forward for him and his political ambition. It is only part of the journey. He needs to carry the momentum into the massive assembly. He needs to be able to deliver the policies he has talked about. I think it is going toi think ie interesting politically. The Prime Minister effectively is going to run the domestic agenda and people are talking about that he needs someone little bit rightleaning. He needs to bring in some people from the righ
Street this is the last week of the month of the quarter of the first half of the year. Thats true doesnt feel like it. Later than its ever been. Investors are paying close attention to whats going on in washington right now in the next few hours were told the Congressional Budget Office is expected to release its scoring of the Senate Health care bill. We will bring you that news as soon as it happens and talk about whether the bill is doomed if it ends up closing too much costing too much. How many people are dropped from the rolls. Exactly all the other same problems that faced the house bill. Yes. Well get to that. Speak being of which, they are trying to pass it before july 4th and President Trump is set to meet indias Prime Minister at this hour to strengthen economic ties between the two nations. What it means for American Companies doing business in india is coming up. The Prime Minister is scheduled to arrive there in 30 minutes. Is the restaurant recession showing any signs o
The ftse is flat. Cac is down by 0. 16. The dax is off by a half percent. Looking at the treasury market. The tenyear yield is still deld below 2. 4 . Now at 2. 35 . Crude oil, syria is not a major oil producer. It produces the 66th market in the entire world for oil production. Any time there are bombs in the middle east, as pointed out, you see a reaction in crude oil. It used to be you sthuthoughe arab states would immediately look at us as on the other side. Jordan is dealing with such a mass influx of people who have been left behind. The knee jerk reaction was the straits of hormuz i can remember in previous the beginning of things. This was a targeted strike. Its not like 1991 or the shock and awe, but oil would go up 10 . Go up like 8. 91 it went up 8. Syria has been a problem for all the middle east neighbors. But at this point, even the oil reaction is muted. 100 point drop in futures is like half a percent at this point. Even that wasnt big. You figure in the old days, middl
And spain and france. Strong gains across europe. And look at crude, which is set for weekly gains, up by 1. 25 on the week. Showing just about that gain today. We got surprising inventory builds yesterday. Traders seem to be taking in stride. The u. S. Treasury department issuing final rules to crack down on those tax inversions. Thats when a company is acquired by a smaller foreign business in a low tax country to avoid paying the higher u. S. Corporate tax rate. The new rules crack down on earnings stripping when the u. S. Subsidiary avoids taxes on domestic operations by sending them overseas as tax deductible payments. Got that . Sara eisen does. This is clearly becoming a signature issue for the treasury secretary, for this administration. And what he issued yesterday were new rules to crack down on tax avoiding companies. This earnings stripping strategy, its a common practice by inverted companies, they use the u. S. Subsidiary to issue loans from the Foreign Company that are t
Suppliers are preparing for big orders of the iphone 7. Plus, tim cook is finishing up that big trip to india. Well have details. Catchy tune. Meanwhile, bowing inking an 11 billion deal. With the arms embargo lifted well tell you what other defense stocks could be affected by this as the president continues his affect through vietnam. A big win for bank of america and the Justice Department. Theyll no longer have to pay 1. 3 million for a countrywide mortgage stamp. Lets start with the gains for apple and its suppliers today. Bertha coombs monitoring it. Apple accounts for all of the gains that weve seen on the nasdaq 100 right now. Tim cook continues his Charm Offensive in india, the rest of asia. Analysts are getting a little less bullish. The iphone 7. That has chip stocks up. Among them is universal display. They make oled and goldman today is upgrading that stock from a buy to neutral sending those shares near a oneyear high today. Goldman thinks with some of its proprietary rese