Our road map begins with the earnings deluge. The busiest day yet with 3m, comcast, dow crossing the tape plus, tesla shares tanking this morning despite record deliveries of its electric cars. The automaker did report a larger than expected loss. And max pressures southwest shares falling sharply ahead of the bell. Loves gary kelly will join us exclusively this hour. Stocks set to make new record highs with two big movers today. Tesla, a larger than expected loss for q2 margins down despite record deliveries of course, facebook beating on both the top and the bottom lines, but with that warning that growth will slow. Results include a 2 billion charge as part of the 5 billion settlement with the ftc as facebook resolves one probe, disclosing yet another, saying the ftc began an antitrust review in june, which is separate from the antitrust review of Big Tech Companies Just Launched by the doj theres plenty to choose from this morning, jim. Whats on your mind . I love the facebook call
2. 48 our roadmap begins with futures on the rise as the tax bill passes the senate set to pass the house again. Well get the latest on what the highly controversial plan means for business and individuals. Fedex shares are up on strong earnings and ceo laying out how he believes the new tax plan will benefit his country. Bitcoin in bear market territory. Well look whats driving the wild xring swings and one crypto is out. One step away from the president s desk, the senate pass the gop bill along party lines after amending it because of a procedural snag legislation goes back to the house for a revote slated to take place in a few hours. The president will hold a News Conference afterward gary cohn, the chief white house economic adviser spoke to mike allen a few moments ago. This is what he said about taxes and how the stock market is spend responding. I think theres more momentum in the stock market. What do those two baskets tell you that tax cuts are not priced in the stock market
Welcome to the Halftime Report. Bull run, more records with the dow looking to post its best week of 2017 with us for the hour today, josh brown, stevewise, carrie firestone, the ceo of asset manage president and with us from minneapolis today is Pete Najarian lets begin with stocks, the intraday report high for the dow, s p and nasdaq. Energy is a big story as it puts in its big week since september of 2016. Josh, its been a reflation kind of a week. Materials, industrials, financials. Yeah. Is this the way its going to be now big week for the qs risk off got killed this week. Tlt down 1. 7 . Gold, gld down 2 bost , and in meantime you have a huge breakout in Semiconductors Take a look at the smh this tells you everything you need to know about Companies Spending money, not just people, but but projects and r d, and well get to some of the bigger winners later on. I just think when you look at the advance and declines, scott, thats what i want people to focus on not just the fact that
Got my time spot back. The nasdaq advanced just 1. 2 still this market is resilient. Oil declined 3 today. Some of that strength comes from per speculation in response to pfizers acquisition of medi vation. The game is on to see who its going after next, could it be sell gene . Insight . It already owns 22 of another. The love for tech seems to know no bounce. After renaissance took advantage of a stronger yen and bid for intra cell. But a lot of it is the gusto for expensive tech spots because of a Bright Future of amazon and facebook. In fact, its amazing to see any gains at all after oil took a big dive. Plus, were in suspended animation as we await Janet Yellens speech. Now i got to tell you, i dont like it one bit when i got to jump to q. But if yellin says in her speech that we need a rate hike soon, this market will get hit. If you are in a training mode, be alert that he could hurt but tough talk. Problem as always, is that the job growths excellent, but wages are stagnant, so
Oil declined 3 today. Some of that strength comes from per speculation in response to pfizers acquisition of medivation. The game is on to see who its going after next, could it be sell gene . Insight . It already owns 22 of another. The love for tech seems to know no bounce. After renaissance took advantage of a stronger yen and bid for intra cell. Expensive tech spots because of a Bright Future of amazon and facebook. In fact, its amazing to see any gains at all after oil took a big dive. Plus, were in suspended animation as we await Janet Yellens speech. Now i got to tell you, i dont like it one bit when i got to jump to q. But if yellin says in her speech that we need a rate hike soon, this market will get hit. If you are in a training mode, be alert that he could hurt but tough talk. Problem as always, is that the job growths excellent, but wages are stagnant, so whats the point of a rate hike other than we fear the phantom of inflation . Even as digitation and globalization are p