Almost every day these Large Companies continue to beat expectations and their stocks hit new highs. Some of the things that stuck out to me today, transports came off. Theyve had this incredeible run this week, they took a break u. S. Stocks did well s p up 4 this week, but International Cons to outperform the all country world is up 1. 7 on the week and the eem is up 2. 6. Hang sang, new high new highs in staples, which is an area no one is talking about this week then the big stuff. Intel is is breaking an 18year high september of 2000 is the last time they broke these levels there is no resistance netflix went up 23 this week, which people are pointing out saying thats crazy. We looked. Its done that eight times now gone up a quarter of its market value in five days eight times usually from the decline after earnings and then amazon, the sore thumb is apple down 4 this week and the month is not over yet, but if this were to go out, that is a pretty ugly topping, so i think thats so
Last among developed nations we pay the highest tax of any nation in the world. Our rate is the least competitive rate there is. Our business tax rate is 60 higher than our average economic competitor think of that. And then you say, how do you compete . Well, in many cases, you dont our companies leave. They go to other countries its a massive tax on every product made in america, giving countries like germany, south korea, china, and mexico, not to mention so many others, a massive head start over american industry it is time to go from dead last to pretty much the front of the pack [ applause ] pretty much. We wont be the lowest, but well be getting pretty close. Under our framework, we will dramatically cut the business tax rate so that American Companies and workers can beat our foreign competitors. [ applause ] we will cut the business tax rate from 35 all the way down to 20 below our average competition by far and this is a revolutionary change and the biggest winners will be ev
Its market cap now almost 900 billion. Josh, stocks trading at be a alltime high, all the way back to the ipo in 1980. Yeah, well, and deservedly so look at the size of this business look at breadth of everything that they do and how it all works together look at the Services Revenue look at the fact that the jesus phone is upon us, and people are waiting on line in every cosmopolitan city in america and soon to be the world you know, i think you have to give these guys their due, and i think big picture what we did on the show with ale is very important two weeks ago. You had those rumors start to surface from the quote, unquote asian suppliers. Every time they were about to release a new nope, we hear word that orders are not what people thought they were or there was some kind of technical glinchings sometimes both. We rightly dismiss that talk and rightly point it out that we did it with the 4, the 5, the 5 s and 6 and hopefully people didnt overreact to the headlines because right
Cheese burger in paradise heaven on earth ho hum another month, another new high for your money. The slow meltup marching on. The nasdaq looking at that hitting a new high. The oil and Energy Stocks all the Big Eight Oil names, exxons, chef rons are higher. On the other side of the trade, yeah some of the real estate stocks are lagging, but overrule a good day. What individual names are making investors money today . The casino stocks. Look at that. Las vegas sands are up big on some big numbers from chinas ma cow. Bikky . Good afternoon im becky quick. Here is what else is happening at this hour. A government watchdog said that medicaid was overcharged for epipen from 2006 to 2016. That is far more than the amount mylan agreed to pay the settle overcharging allegations. Construction spending posting its biggest drop in a year in april. A sharp upward division pointing to underlying string. Illinois Credit Rating getting closer to junk. Its debt downgraded after lawmakers failed to app
Good morning welcome to squawk alley. Joining me this morning, sarah eisen and mike santoli and the the senates new Health Care Plan in a joint statement, rand paul, ted cruz, mike lee and lee johnson say it doesnt do enough to repeal obamacare. Republicans can only afford two no votes the aarp, American Hospital association and others have also come out against this bill health care stocks, though, surging following the drafts release. Theyre on pace for the best week of the year maybe some profit taking today but still, more than 3 for the group overall. Walter, whats your prediction how does the next week unfold when it comes to health care on capitol hill well, i think that senator mcconnell is a very savvy operator i think he wins either way if he can pull this off and have a vote and have it succeed, thats fine. If not, he gets to move on to what i think he would consider or i would consider the more important parts of the agenda right now which is tax reform and infrastructure a