One dozen now at valley wineries are damaged. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Isoomberg technology next. Emily im emily chang at the geekwire summit summit in seattle. Is is Bloomberg Technology coming up with google, facebook, and twitter are smelling to hold washington regulation and they as a result of the russian political ad scandal. For thethe game plan tech giants ahead of being called to Congress Next month . Also, we will cover how seattle has transformed into a tech hub and one of the centers of innovation. One of seattles biggest players is microsoft. We will sit down with the list was of interview with the companys president , brad smith. But first, to our lead. Tech giants are bracing themselves in the face of congressional regulation coming their way. Paid velation thatds the revelation that adds paid for by russia on their platforms to influence the 2016 president ial election ha
Obviously. Waiting for yankees, the first pitch is in two hours. Welcome to the closing bell everybody, we have exactly two hours to get through this whole show before that im kelly evans, im a big rally day here all right, all you folks in houston too by the way the dow on track for its first close above 23,000 now ibm, interestingly is helping drive this nice rally today after those stronger than expected earnings that came out that you guys have last night. We will get more on that move coming up in a little bit here its kind of astonishing to see ibm up 10 today clearly after the dell, more dow components American Express is going to report along with ebay, well tell you what to expect as well. And so the breaking news today, microsoft and amazon are now embroiled in a new patent lawsuit. And i guarantee the plaintiff ll surprise you when you hear who it is. Thats coming up but lets get straight to the one stock giving the dow its biggest boost today that would be shares of ibm jum
Small cap russell index is often seen as a proxy for tax reform that index is underperforming again today. Well have the latest on any changes to the house tax plan, and we have an update on the senate tax plan. Which is still to come lets start, though, with todays earnings parade that is driving big moves in the market. In various stocks. Bob pisani joins us now with the highlights from this morning and we have a preview of whats still to come here tonight, bob. Retailers coming, bill, but remember 75 done. Still a lot of retailers just want to companies in general, just take a look at royal caribbean, nice move up here beat by 9 cents. Despite the hurricanes and the issues, they gave a terrific 2018 outlook thats why the stock is up almost 3 . Move to the left, remember coach, well, its now called tapestry, that i had a decent number here. The small beat, revenues were short. Remember, now, they now own kate spade. So theyre merging the company i would call this a transition quarter
Wilfred frost today. Good to have you here one year later we will take your temperature on this market feels like a long time in some ways, real quick on others. That night, election night, wilfred and i were here at this time, i think we started anchoring 2 00 a. M. , futures were down 800 points then they came right back up even if you thought that it was going to be fine it was going to come back, you didnt think it would be within hours you didnt think you would see maybe you did, 20 climb since. One of the most profitable years in memory. Well talk about oneyear later since the trump election victory. Futures now indicating a mixed start. Dow futures down three s p down one nasdaq up two points this after yesterday stocks came off record intraday highs to close lower. The dow did manage to keek out a gain the tenyear treasury note yield, lower yields, just when you thought they would go straight up, we go back down at a threeweek low on the tenyear yield, hovering around the 2. 30
Opposite from yesterday. Julie down but not by much. The doubt closed at a record the dow closed at a record but financials the biggest drive. If you look at some of the individual banks, you will see some declines and the 10 year yield we have been watching, as well. It is lower for the six straight session, the longest we have seen going back to february 2016. The decline in yields is pressuring the big bang and financials more broadly. Big bank and financials more broadly. We have a look at the ones we see in the session, inc. Of america, jpmorgan, and even though we had the 10 year yield down by one basis points, it is because the trend is downward we see that pressure on the banks. The talk continues to positive and negative for individual stocks. Time warner is lower after the at t cfo spoke at a wells fargo Conference Today and said that warner isse of time uncertain as talks with u. S. Regulators continue. Time warner is down 3 . Colgatepalmolive is rising on the speculation th