2thirds coming from chinese equities. They vow to defend its deal with ge amid reports that regulators are concerned over competition. Theres a change up at swit twitter. He grew with a market cap of 25 billion but his ten year was marked about criticism of slowing user growth. On a Conference Call he says the discussion began last year. Were fully committed to maximize value per shareholders and we see no reason why we cant continue to do that as an independent company. Were focussing on executing against the Strategic Priorities repeatedly repeatedly. I do not foresee any changes in strategy and direction. I believe in the course that the company is on and the Management Teams ability to fulfill it and execute on it. Twitter shares reacting positively. You can take a look at how its trading in frankfurt. Shares up about 4 . They will be on squawk on the street in an exclusive interview at 10 00 a. M. Eastern time. You wont want to miss it. To get those two individuals together and se
President s policies have not happened yet. Doc, ill throw it to you. Is there what art cashin calls a celebratory overload in the market . There could be, judge. There is no doubt that weve come very far very quickly. However i think its got a lot more gas in the tank. I agree with professor shiller. He believes that we could have a substantial move higher from here. Crediting the president and saying in comments today that he saw upside, considerable upside from here. Maximum optimism. A number of new highs. Go down the list today, 52week highs. Tiffany, conag. Going in alphabetical order. Two pages worth of stock s s p today hitting 52week highs. Thats not a bad thing. Im not saying it is. At some point you question whether the air has gotten a little sthin. I dont know. I think that the reason the market are going up are a couple of reasons. Certainly trump growth excitement is in this, it is in the marth to some dee agree. But i also think its because the global economies are Gett
Intels weakness, one of the reasons the dows down 19 points. Return of the bank tax. Dave camp, hell join us exclusively coming up to talk about whether his Controversial Bank tax plan could return to washington as part of tax reform. No good vibrations there. President trump meeting with his cabinet as we await the Congressional Budget Office score of the gop. Kayla tausche is at the white house. Will fred, it is the first meeting. The thing about this meeting is that there will be four empty chairs. Four positions that have yet to be confirmed by the senate. The secretary of agriculture, the director of national int intelligen intelligence, labor secretary and u. S. Trade representative. The hearing for that post is delayed so the chair of the Relevant Senate committee can head to his home of tennessee to stump for the health care bill. The white house hosted participants in the exchanges on the Affordable Care act who have been negatively affected. The purpose of this meeting being
Session revaluing, with the dow only losing 36 points and the nasdaq actually advancing a remarkable 2. 0 after being crushed. How in the the heck can this Health Care Debacle wasnt that supposed to spell the end of the trump rally . As somebody shouted from the rooftop this is weekend, and this very morning. I think we need a History Lesson here to answer that question. Lets go back to the beginning of this remarkable advance. It started not so much because donald trump won, but because Hillary Clinton lost. We keep forgetting this. She was perceived to be antibusiness, anticapital and indifferent toward the stock market. Investors assumed she would be prone to issuing regulations, like president obama and if anything, she might be willing to give the banks a harder time just to prove her independence from wall street. We also worried that a democratic wave could put Elizabeth Warren in charge of the Senate Finance committee. Instead, though, donald trump took the presidency, and in a
The bombaydo down as well. Also look at crude. Wti falling to 49. 77. And the battle for the white house is front and center this morning. President obama officially endorsing, surprise, surprise, Hillary Clinton for president as did Vice President joe biden. Senator Elizabeth Warren doing the same and didnt take long for gop candidate donald trump to respond. Trump tweeting obama just endorsed crooked hillary. He wants four more years of obama but nobody else does. Clinton fired back with a tweet of her own saying delete your account. And that tweet let to another tweet. Reince priebus, if anyone knows how to use a delete key, it is you. This is all happening in the backdrop of the article in the wall street that emails are now in the center of classified information on drone strikes in pakistan. And were going to talk all about this where the state of the email investigation is with john harwood in a few minutes. I just five hard long hot months three hours at time. Which is what we