Kudlow. Im larry kudlow. All right. Everyone should read wall street journal columnist and former george w. Bush speech Writer William mcgurns excellent piece called time for so manically regular mommics. Thats in todays wall street journal. Mcgurn calls it zombie reaganism because people think the gippers free market, procapitalist, lowtax, deregulation policies are hopefullylessly out of sync with modern thinking. Of course, people who make that case are mostly part of the new socialism practiced by todays democratic party. Wasnt always so for the democrats. John f. Kennedy slashed tax rates. I wrote a book on the subject. Ronald reagan always promoted jfk tax cuts when he himself slashed tax rates in the 1980s bringing the top the income tax rate, believe it or not, down from 700 to 28 70 to 28 . Incidentally, joe biden voted for the reagan tax cuts when he was a senator. Just saying. So after the tax cuts, the economy boomed in the 1980s. I might, boom boomed. Between 1982, which w
The day. Voting with 5 all week long kid the dollar spot index on its sixth day of increases. We are going to talk about king dollar on this show. Before that row going to talk about midday movers on the equity side. Night at health among the best performers on the s p 500 beating wall street profit expectations affirming the outlook for the year despite the cost associated with a cyber attack one of its subsidiaries has roiled the health care industry. Netflix which is trading above 600 per share just had its price target raised to 700 by guggenheim coding confidence going into thursdays earnings report. Bank of america reporting elevated expenses and chargeoffs for sour loans higher than wall street expected. 3. 2 lower on the day. Morgan stanley delivered in trading First Quarter revenue exceeding expectations. The company addressed concerns on reports over Money Laundering safeguards in its booming Wealth Management business. That new money way above analyst estimates. The dollar i
Lower because inflation Interest Rates are heading higher, there is a surprise in the numbers today. Retail sales actually fell in january no explanation, but a surprise. So this is where we stand after three days of gains, stocks down this wednesday morning. Throughout the show we will ask now what . We also have good news, more good news from olympics american team, the old half pipe star has returned, Varney Company about to the guys been around a long time. The latest medal count, germany has the most gold so far. The netherlands leads overall. The u. S. Is days. On a personal note, this medals count for countries. I prefer to celebrate extraordinary individual performance. Everyone should win one. Youre putting the metal cow. Stuart i admire your attempt at humor here. Ashley its about winners. Im for america winning the most gold. Believe me. Future is down because inflation is that. Down 200 though. Catastrophic for the dow. Lees peek columnist and creature router to the hail. A
Up 14 on results this morning twitter a huge gainer this morning, well talk about its 8 pop. And then theres wynn, youve been hearing about that, a huge decline. Around noon eastern when news broke of Sexual Misconduct allegations against founder and Ceo Steve Wynn lets bring Contessa Brewer back in with some of the latest details on that. These allegations date back more than a decade and the wall street journal outlines a pattern of Sexual Misconduct by Ceo Steve Wynn the report details Sexual Assault bins manicurist who was later awards a 7. 5 million lawsuit and other forced sexual encounters with massage therapists and the like. Other sources tell cnbc that steve wynns behavior with employees was an open secret for decades in las vegas but they feared to speak out for fear of their jobs steve wynn said, the idea i assaulted any woman is preposterous then he goes on to blame his exwife, elaine wynn, for instigating the accusations. A statement from the company also blames her for t
Going to the movies. New rules in place. North America President out after less than a year. Coming after an internal investigation of inappropriate behavior. Twitter taking up conservatives. The Company Facing backlash this morning after his most recent purge of automated accounts we told you that yesterday. The stories coming up this thursday morning. Fox business albert Dagen Mcdowell. Former republican president ial candidate steve forbes is here and Fox Business Networks Connell Mcshane. Hey, good morning, maria. True do how are you, thanks for joining us. Whats going on this morning . The whole thing about the stock market. One is will the fed try to hurt this economy thinking its getting overheated air bubble happen to the dollar. Where did it go for now in trade, are we going to blow up nafta . I dont think we will, but that weighs on the market, too. Maria that is our top story because futures pointed to a lower opening fund release of the latest Federal Reserve meeting minute