Weve seen since the election. The nasdaq is indicated up by 8. 5 points. Well talk to the nasdaqs ceo later this morning. Look at what happened overnight in asia. The nikkei was up by 1. 1 . Markets in china also closed higher with the hang seng up by a half percentage point. In europe this morning, in the early trading thats taking place, you can see things are relatively flat. Across the board. The ftse, the cac, and the dax all sitting within points of where they closed yet. Its been a big couple of days for markets there. Pepsico just out with earnings. The number is a core earnings of 94 cents a share. That Beat Estimates by two cents. Revenue also coming in a little above expectations. Talking about what happened with this quarter, she said they achieved solid Revenue Growth in the First Quarter, underpinned by global volume growth. Despite what she calls a challenging food and Beverage Industry thats been trading conditions in north america and continued volatility in developing
Expect later on this afternoon including that 15 top rate for corporation, but also for past throughs. Thats an important point were going to watch how that plays out. Also, a top individual tax rate between 33 and 39 . Thats a key one to watch for then a revenue place holder that could turn into is a border tax. Thats interesting because theyre not going to say what the revenue raisers will be. Just going to have a place holder in there. Then also an expanded personal exception or child care credit or both which would be important for mild class folks dealing with a tax burden. I just spoke with sean spicer here on campus. Just a little while ago. He hinted to me there might be something in there today about repatriation, bringing in all that corporate revenue thats offshore, bring iing that pack the United States. Thats been a big goal of a lot of american corporations for years. Will that be in there . Something to watch at 1 30. Robert frank now with the details on how this will im
It has dipped in and out of negative territory, the nasdaq hitting yet another record high. It is up again. The dow and s p up for a Third Straight day. We are on pace for our best weekly gains of the year. Wynn resorts is the best performing stock in the s p 500. Perrigo, edwards, united tech. Lets party again, baby. Youve got it, brian. Im tyler mathisen. Welcome, everybody. Here is what else is happening at this very busy hour. Shares of twitter soaring more than 10 . The strongest growth in monthly active users in more than a year. Much better than expected earnings. After reports the white house is preparing an order to withdraw from nafta. More on this in a moment. And didi raising between 5 billion and 6 billion valuing the chinese taxi hailing service at about 50 billion making it the second largest vcbacked startup behind uber. We begin with President Trumps big tax plan. We will get the details or at least the outlines of it. From what we can expect to how it will impact your
The new tax plan, is that something thats going to benefit us as investors. I think a lot of people are confusing the places on our screen with what happens in washington. And i can tell you that is one giganda mistake, they know nothing. Even after todays Late Afternoon pull back, the true driving force behind this market remains earnings, the profits of companies, were in earnings season. Just like the Strategic Bombing campaign from world war ii, were being carpet bombed with news. Far too many people in this business believe that what these individual Companies Say is just noise compared to what the president of the United States is. Too many investors are all about listening to lawmakers and debating polity positions rather than the merits of actual stocks, some lucrative, the others gaseous. Even though this is one of the single biggest earnings day of the year, we need to consider the effects of president trumps tax cuts. The president introduced some sweeping tax kuwacuts. We h
I forgot to give him dinner last night. And going to school. Yeah. Thats what i was supposed to do yesterday, damn it morning, everyone. Who has segment pitches . Oh, before we begin, id like to say a few words. Ooh, actually, interns arent allowed in this meeting. I just want to say how excited i am to be here. And i want to thank greg for hiring me, and, oh, portia for that great interaction on the elevator this morning. And thank you, carol, for your interesting take on the black lives matter movement. And my daughter katie, the love of my life. When she was born, i needed an episiotomy okay. Thats good, thats enough. Mom. Okay. Thank you. [scattered clapping] well, it seems we have a slow news day on our hands. Cnn is just playing death becomes her. Ooh, i have a pitch. Okay, you know the meme of kermit drinking root beer . Okay, well, you know the rapper plerp . [scoffs] whatever. Ill just riff on the housing crisis. Okay, gene, you can produce that. Produce what . Oh, the ap is r