Here the shares are down 8 right now. Thats not even the biggest point decliner in the dow. Which goes back to how low its share prices got. Exactly. At this hour the Senate Finance committee is beginning to mark up its tax reform bill well tell you whats at stake there and what could be the most contentious issues between the house and senate. Meanwhile, amazon is reportedly considering a freemium option for prime video. Wel n will netflix make a similar move lets get to our top story today, the big decline in ge shares Morgan Brennan has all the ugly details for us morgan reporter hey, bill, yeah, so ge cutting its dividend in half. Its only the third time since 1899 its cut that payout, this is the first time its done it notscenario. Thats only part of the story here big part of why these shares are falling 8 is the updated guidance new eps numbers for 2018 expected to be 1 to 1. 07 a share, reduced by half since the previous target and lower than consensus estimate 6 billion to 7 b
This is nightly Business Report with Tyler Mathisen and sue herera. Setting records, the tech nominat dominated nasdaq as companies go old school or pay or raise dividen dividends. Tornadoes and ice storms in the first three months of the year. Why your premiums may head even higher. And curdled relations. Americas Dairy Farmers are not happy that some of their canadian customers disappeared with no warning. Those stories and more tonight on Business Report monday, may 1st. Im Tyler Mathisen reporting tonight from new york city. And im sue herera. We begin with the hottest sector of the year getting even hotter. The Technology Stocks started off the month with a gain and that powered the techheavy nasdaq with a new record, after it reached 6,000 for the first time ever. So far this year the nasdaq has risen 13 . Easily outpacing the other major indexes. So here are todays closing numbers. The Dow Jones Industrial average fell 27 points to 20,913. The nasdaq added 44 to a new high. The
Announcer this is nightly Business Report with Tyler Mathisen and sue her youre hired. Job gains more than double from last month as the Unemployment Rate falls to a decade low. I dont value ibm the same way that i did six years ago when i started buying it. Big blues big bruise. Warren buffett dumps a third of his ibm shares. Should you . Repurpose for a purpose. Meet the sisters who are part of the military. Now theyre giving back. Those stories and more for nightly Business Report for friday, may 5th. Good evening, everyone, welcome. The nasdaq and s p 500 set records, even as ibm shares tumble. Well have more on that in just a moment. But we begin with jobs. The labor market hasnt looked this good in a decade. Job growth recovered in april after a lousy march. Most agree that the economy is getting very close to full unemployment. Employers added 211,000 positions last month, more than expected. The Unemployment Rate dropped to 4. 4 , which is a tenyear low. A broader measure of un
Lately, we have a debate with a bull and bear on whether home depots fortunes can last. Thats coming up. This is a catchy tune, though. Im kind of digging it. Its a good one. It may help mortgage place, lending tree, its up more than 50 this year. The ceo joining us to talk more about that on a first on cnbc interview coming up. By the way, dont adjust the sets, im wearing my gene simmons kiss platforms today. Thats why theres a height difference. The latest from the white house, some members of the Republican Party concerned about what the President Trump told russian officials. Well look at why u. S. Stocks dont seem to be phased by all the drama coming out of d. C. These days. Starting, though, with a new bank of Network Report thats calling the most crowded trade in the world right now, the nasdaq. Tech heavy index, of course, as you know, hitting record after record, in record territory right now, as a matter of fact, and the latest 13 filing shows hung Fund Managers are piling in
Mrs. Clinton is going to put these people out of business. We will tell you what sector he is talking about, coming up. And look out, m irylan anot epipen may appear next year, but people are worried its not what it should be. Lets start with apple. The Company Posted yearend declines for the Third Straight quarter. Were going to bring in colin gillis from bbc financial who has had a sell rating on it for a while. Colin, maybe well start with you. Did you see anything in the report, did you hear anything from tim cook that alters your view at all that the stock is still a little too high here . The issue i have with apple, and the market is also expressing by looking at their price to earnings multiple, which actually declined the tenure of tim cook while the Broader Market has gone up about 40 . Apple doesnt have that founder flame anymore. We reiterate their existing products. There are starting to become some question marks in the narratives like, will china return to growth . Will