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
The major averages might be down with an 1 of the stocks of down more than 3 . A combination of the earnings and fed. We said yesterday it seems that the stock is ahead of itself. The apple quarter was good but not amazing. Take a look at the fed area the stoxx will only clip. These are the more momentum they reacted to the comments from jay powell to a greater degree than the major averages at the lows down more than 4 . The worst day in more than two toths areas the stocks tend lead. Going back to march of last year before the volatility. The last alltime high prior to this year. The stocks and the s p are highly correlated but the s p went on to make alltime highs at the stock went lower. Due to be something volatility ahead for the s p 500. Resultst to look at the of the mixed messages from jay powell. They initially crept up then went up quite considerably when jay powell talked about how this was a midcycle rate cut. And it came back down when he said that doesnt just mean one. W
Off your cell phone or anything that might make noise during the program. Thank you for doing that. This past march marked the 50th anniversary of the u. S. Navy Fighter Weapons program. We are thrilled this evening to welcome the programs founder, dan pederson. He entered the u. S. Navy in 1953 and went on to become the senior officer in the group of nine men who formed the legendary Top Gun Program at Naval Air Station miramar in march of 1969. He served in combat during the vietnam war with the flying crews on the uss hancock and three on the uss enterprise. He retired as a captain, having accumulated 6100 flight hours and 1005 flight carrier landings while flying 39 different types of aircraft. For those of you who know pedersons story from the 1986 movie, top gun, Jerry Bruckheimer is producing, top gun maverick, a sequel in 2020. His book is available for purchase and signing following this conversation. Here to keep the conversation going is larry burke, curator of Naval Aviatio
In his illustrated talks, he offered a firsthand account of the real story behind its development. The Smithsonian Associates hosted this event. Lauren good evening. Im Lauren Rosenberg with the Smithsonian Associates. And id like to welcome you to this program. To members, im so glad that youre here. Its your support that makes events like this possible. And if youre joining for the first time, an equally warm welcome and invitation to explore the wide range of programs we offer. Now is your perfect time to talk off your cell phone or anything that might make noise during the program. Thank you for doing that. This past march marked the 50th anniversary of the u. S. Navy Fighter Weapons program. We welcome the programs founder, dan pederson. He entered the u. S. Navy in 1953 and went on to become the senior officer of nine men to form the legendary Top Gun Program at Naval Air Station miramar in march of 1969. He served in combat during the vietnam war with the flying crews on the uss
Taking to twitter to slam the currency and Facebooks Libra in the process and the president is not alone. The billionaire investor mark cuban citing with trump calling Facebooks Libra a big mistake its friday july 12th and Worldwide Exchange begins right now. This is a live shot right here on your screen. Tropical storm barry hovering off the coast of new orleans the city has already seen record rainfall in recent weeks and the storm could make landfall as soon as saturday well have the latest coming up. This is a serious threat but first lets take a look at whats going on in the markets 27,000 and beyond. Get your rally caps a record rally underway on wall street. The dow closing above that milestone 27,000 for the First Time Ever. Taking a look at futures right now, dow jones is poised to open by 85 points higher and the nasdaq indicating a higher open by 23 points take a look at the bond market of course we watch this very closely also as a proxy for what the market is thinking abou