Weak so far. The dow and s p 500 even with those losses on wednesday are on pace for the best week in five nasdaq with the biggest week in seven weeks. In morngs ding dow futures up b5 points, s p up by 3, and the nasdaq up by 6 overnight in asia, the nikkei ended up just slightly. Up by 27 points. The hang seng by a half percentage point in europe this morning, with some of the early trading, it looks like the dax is up by 0. 3 the cac in france up bay half percentage point stocks are slightly weaker in london, but italian and spanish stocks are in the green. Also look at crude oil prices. Crude jumping on wednesday by 2. 1 , setting a 2. 5year high. It was sitting at 58. 02. This morning were up again, 63 cents higher to 58. 65. A couple of corporate stories were watching Teva Pharmaceuticals will lay off thousands of employees in israel and the United States they will be reportedly sending termination letters to 10 of its 10,000 employees earlier this month we heard teva said it wou
It goes downhill from there. That is clear political bias, contempt for the President Trump inside the investigation. Today we will pill back the layers of the story. You will see the deep state of work. Now look at this pivot 99 of the vote counted, Democrat Doug Jones at wheaton republican roy moore in the Alabama Senate race. A defeat for President Trump for backward more. It is a defeat for the Republican Party which will have a slim 5149 majority in the senate. Democrats much stronger than the 2018 elections. This one affects the compromise on taxes. A corporate rate of 21 and a top individual rate of 37 . Given the alabama result, the republicans very quickly. Money looking at a market that will open flat to slightly higher through the focus on tax cuts in getting the deal done quickly. The president make his final pitch this afternoon. Varney company is about to begin. Well, talk about a political bombshell. Here it is printed text between peter strzok and lisa paige obtained by
Number one, the economy is growing, number two, commit today tax cut and number three reports are strong. Look at netflix. Prepare to spend 8 billion to produce its own content next year over 5 million new subscribers signed up in three months. The stock is above 200 per share. Sales up worldwide reported this morning by Johnson Johnson jo. Morgan stanley, same story with Goldman Sachs, all of them dow stocks, all of them up. Lets sum it up, the media is full of report about hostility toward President Trump on wild press conference, investors could not care less. We are watching for dow, 23,000. I believe its coming very soon. You have to see this, Varney Company is about to begin. I hope hillary runs. I hope, hillary, please run again. Stuart i would call that [laughter] stuart the president hopes hillary runs again in 2020, im sure he does. He was all smiles with Senate Majority leader Mitch Mcconnell talking tax reform andy puzder is here, ceo of hardys and carls jr. , are you buyin
Decemb december k putting together two companies that in terms of programming are similar. Its not like were going from one network that does reality or that type of programming to sports or lots of scripted work or whatnot this is putting those two things together the question is are you better off putting those two together or in this new age of media trying to go into scripted gore into a premium thing scripted. Scripted. But this has been bandied about. For a long time they were two sort of theyre not like outliers that deserve to get together. If it was going to happen, would put these together for scale thats where the synergistic value is some analysts would question this how much more power does a discovery scripps together have in terms of carriage agreement Going Forward . How much value proposition, if you want this channel you have to take this channel that was more scripps problem than a discovery problem zaslav yesterday admitted we are managing through the new times, dau
And jubilant democrats celebrate their win, senators warren and schumer do a gleeful selfie. Thats the political state of play. Not good for the gop or the trump presidency. Another news development. The economy is expanding very nicely. Between april and june, we expanded at an annual rate of 2. 6 , way better than the 1. 3 gain in the first three months of the year. The obvious questions, how to react to the political mess, the economys improving performance and perhaps most importantly, amazons profit decline. Stay right there, please. All will be revealed. Varney companys about to begin. Stuart all right. Friday morning, in 29 minutes we open this market, and im going to start with the news on the economy again. Gdp growth, 3. 6 2. 6 percent annualized in the second parter of this year. Quarter of this year. What kind of growth rate would we get if the republicans got out of their own way . 4 . It is encouraging that were growing a little bit better than europe or crab grass right