Have expressed regret you decided to leave it. What could persuade you to remain, and what Common Ground did you find in your talks today on this topic . Pres. Trump it wasnt a major topic. We talked about other things, including mostly trade. As drawn andeement as we signed was very unfair to the United States. It put economic penalties on us and made it very difficult for us in terms of business. It took away in one of our asset values. A want of our asset values. Alot of our wea are richsset valu businesses in order toes qualify by 2025. They dont kick in until 2030. Tandard inhe s russia in the 1990s, a dirty standard for the environment. It treated the United States very unfairly. I had no problem with the agreement they signed. In,ould conceivably go back but we are very strong in the environment. I feel very strongly about it. Commissioners are powerful in the sense that they want to have clean water, clean air, but we also want businesses that can compete. Paris accord would ha
Welcome to power lunch. Im melissa lee. The bulls are in charge firmly today. The index up triple did you get right now, up about a half percent. We are off session highs s p also hitting 2800 for the first time ever. Its a broadbased rally also hitting record highs. Heres whats moving this hour ge is down about 3 , teak a 6 billion hit related to the reinsurance biggs. Fellow dow member, unitedhealth going in the opposite direction. The stock is rallies and amazon take a look at that, trading at alltime highs. That is the highest on the street brian . Thanks, mel here is what else is happen, a Big Hedge Fund eyeing twitter. Greenlights taken a small position in twitter. Its not helping the stock, though we have called the energizer bunny. Now theyre getting into the rally, buying ray ovac with specter and were going to head live to the Detroit Auto Show later this houring to a look at the cool car stuff. Roberto pisani is down at the stock exchange. Seven days, and were running out ha
Julie hyman is with us. We keep hitting record after this fight obstacles in the minds of strategist. That each has touched an intraday record and is on track for a closing record in todays session. The s p 500 is above the average above strategist we surveyed for their year end forecast, 2500. Typical we see stocks rallying about that forecast. We tend to see bullishness on the average on forecasters, so in todays session the individual stocks contributing index pointan basis, apple, j. P. Morgan, bank of america. We are seeing rates rise in the wake of his reach by janet yellen over the week that seemed to indicate some hawkishness on her part. 1. 5 ,shares up participating in a bounce back that stock recently. Also on the downside, some analysts calls dragging down stocks. Al j behind downgraded today. Hunt being dragged down today. Finally, Adobe Systems as well, Deutsche Bank in a note today saying it faces lengthening sales cycles in its Club Marketing segment and is trimming its
U uncertainty of a number of saudi princes and ministers were arrested over the weekend on corruption charges and of course as you probably have heard by now, that includes prince al waleed bin talal well look at what this means for u. S. Companies looking to do business in saudi arabia we havent even gotten to the Qualcomm Broadcom story but theres other things to get to now. We have the breaking news now that disney has held talks to buy most of 21st century fox. David faber back again anything new on this is. We can advance the story a little bit and refresh it for people, guys 21st century fox, as bill just said, has been holding talks to sell most of the company to walt disney leaving behind a Media Company that would be tightly focused on news and sports according to people familiar with the situation these talks have taken place over the last few weeks and given their complexity, it continues to be seen as a tough deal to get done by those whove been working on it the two sides
Here the shares are down 8 right now. Thats not even the biggest point decliner in the dow. Which goes back to how low its share prices got. Exactly. At this hour the Senate Finance committee is beginning to mark up its tax reform bill well tell you whats at stake there and what could be the most contentious issues between the house and senate. Meanwhile, amazon is reportedly considering a freemium option for prime video. Wel n will netflix make a similar move lets get to our top story today, the big decline in ge shares Morgan Brennan has all the ugly details for us morgan reporter hey, bill, yeah, so ge cutting its dividend in half. Its only the third time since 1899 its cut that payout, this is the first time its done it notscenario. Thats only part of the story here big part of why these shares are falling 8 is the updated guidance new eps numbers for 2018 expected to be 1 to 1. 07 a share, reduced by half since the previous target and lower than consensus estimate 6 billion to 7 b