Im Carl Quintanilla along with jon fortt. A big week for tech earnings amazon, intel, microsoft and twitter on deck this week on a positive start in the runup in tech continue dan and steve are here with me with answers good morning, guys good to see you. Im wondering, dan, before we get to the bignames, if you have been thrown as a breakdown of software and worries about i. T. Spending the next few years . You are seeing cracks in the armor. High multiple software crowded from the institutional perspective. Many head or the exits it is overdone in what we are seeing it shows the risk in earnings season continues to be front and center steve, quickly on that . I would agree software particularly has been taking a header. Companies are doing fine you sell at 38 times and 8 times sales, it doesnt take much to take the stocks down we will play it out a few more months before coming back. Dan, it is cloud week how much does that matter versus intel with insight in the i. T. Spending questi
That will not happen today. It means attention turns to with the Withdrawal Agreement bill. This is a huge piece of legislation that would essentially bring the brexit deal and a part of the u. K. That is due to be published later this evening and then you should have votes on that tomorrow, the first of which would be a second reading and essentially if that goes through, it would be seen as a big win for the Prime Minister because it would mean mps back to brexit deal. They are happy for legislation to go forward to bring the brexit deal into u. K. Law. What would happen after that and what we expect the government to do is introduce a Program Motion that would accelerate the passage of the Withdrawal Agreement through the house of commons hoping to have it passed all its stages in the house of commons by friday. That would then set the stage for it to become part of u. K. Legislation by october 31. The current brexit deadline. David thank you so much. I think i understood that, but
Already better than a dozen lives in syria, with fighting continuing on and on. The president trying to assure the folks the worst is over. Everyone adhering to the ceasefire he told the turks to adhere to. Blake burman in the middle of all of that. Hi, blake. Reporter a lot going on. That is what is going on in the cabinet room at the white house as the president is holding a Cabinet Meeting right now. You know how this works. Headlines starting to trickle out here. The white house going into this said part of the discussion would focus on the economy which the president said already it is doing fantastically well in his words. The white house said there would be a discussion on regulations and highlighting the role back of regulations leading up to this the white house sent out a note saying for everyone regulation had been a added eight 1 2 had been rolled back the we expect the president to touch on that shortly. These things take on a life of their own as they happen. Were startin
Almost 1 . Well have more on the big market movers. Heres whats new at this hour. Focusing on the economy, President Trump sitting down with his top advisers taking a victory lap of sorts and strong job market. He also had trade progress with china among other things and were live at the white house with all the details. Boris johnson brags that gamble is about to find out if he won over enough lawmakers to pull the uk out of the European Union following a shocked in the 11th hour. Were breaking down the critical test for johnson. A possible outage in dallas with violent thunderstorms battery that area destroyed homes and businesses. Will have the latest on the Recovery Efforts. Fox business coverage begins now blake is live at the white house where its been another rock n roll day. Jackie is on the floor of the New York Stock Exchange and grady is covering the blockbuster Opioid Settlement in many surprised morning. We start with like. Reporter good afternoon. If it was the morning it
But head winds remain. Black and big blue ibm with another disappointing earnings report. And dont be a fool. President trumps unconventional message to turkey leader it is thursday, october 17 Worldwide Exchange begins right now. Good morning. Welcome to the show, well hear from brian in california this morning. Netflix set to miss based on one key issue. Shares up just about over 8 but the stats were not all positive subscriber additions below estimates. Warning that subscriber growth would all fall short citing finance changes and more competition. Their ceo saying the streaming wars are noisy fundamentally, there is not a big change here. It is interesting that we see apple and disney launching basically in the same week after 12 years of not being in the market i was being a little playful with whole new world and the drama coming disney will be a great competitor apple is just beginning but theyll probably have some great shows too. Netflix says it will take bold swings when it c