Cryptocurrency. Why one leader in the industry says consensus between opposing camps seem unlikely. We will be asking that question, but first julie hyman is worth us with us halfway through the trading day. It looks quiet. Julie it is quiet in terms of people waiting for the fed. The dow and s p turning a little bit higher. The dow could rise for the ninth straight session. The nasdaq is lagging, but look at the transportation average, up 1. 5 . Really rocketing upward, especially relative to the other averages that we are watching. Gains,s helping lead that Company Coming out with its earnings after the close yesterday. The results in the quarter took a hit because of the cyber attack at tnt, which it recently acquired however it did reaffirm its longterm profit targets going doubt going out to do thousand 20. Some analysts say that is reassuring. Up an outlines was airlines was upgraded to outperform over raymond james. He also upgraded southwest to, saying it has a relatively stron
Cspan s, where history unfolds daily. Now a Senate Finance Committee Hearing about ways to over haul the tax code. [ inaudible conversations ] we will discuss ways to improve the business provisions of the u. S. Tax code. With an eye towards creating jobs and boosting wages for American Workers and improving over all business climate. This part of the ongoing effort following years of tax hearings and last weeks hearing on individual reform. To draft and report tax reform legislation later this year. Members of both parties recognize the need to reform the way we tax business in the United States. As a former president obama noted when discussing his own frame work, the Current System quote does too little to encourage job creation and investment in the United States while allowing firms to benefit from incentives to low cat production and shift profit over sea. Unquote. Many elements of a particular business tax burden depend on the companies organizational forum. For example, sea cor
The cac and ftse are weaker. But spain has picked up, 1. 2 gains there after the catalonians did not go ahead and declare independence lets look at whats happening with crude oil prices. Yesterday another gain in crude oil prices this morning up 41 cents now talking about wti above 51, 51. 33. A couple other stories were watching china urging the United States to halt the threats of violence against north korea. Chinas communist party own newspaper saying the war on the Korean Peninsula would be craftic and dialogue remains the best option. Concluding trumps strategy could backfire bigley. They used bigley . They used bigley. Yesterday the u. S. Flew two bombers over the Korean Peninsula in a show of force fireeye reports that hackers linked to north korea north korea recently targeted electric Power Companies using fake invitations to a fundraiser to target victims on todays wall street agenda minutes from the fomc meeting come out at 2 00 p. M. Eastern time we will hear from charles
Our tenyear is at a seven month high as durables crash estimates. Earnings from dow components dragging us lower in the premarket. Chipotle sinking double digits a big miss on results last night. Amazon unveils delivery inside your door with a new Smart Security camera. We will fill you in. One day after another record high for the dow coke and boeing beating with earnings this morning. Jim, theres a lot to get to several companies with a socalled triple play meaning they beat on the top and bottom line and raised guides aance. I think that visa doesnt get enough chatter by anyone its been maybe one of the most consistent if not the most consistent company in the Financial Service and tech business once again, it blows things away i was afraid that this would be one of those where it blew it away and people would yawn but it was too good because its double digit we are seeing some quarters i went over 3m ynesterday it was a clinic, it was so good. Some remarkable numbers. We could let
Where crude prices are heading. Arabias investment fun have announced fund has toounced investment plans grow the fund to 2 trillion. Currently we have 90 local domestic, 10 international. These are deployed investments. I think this number will continue. We will have cash inflows coming in, so we are growing our portfolio, and that is one of our objectives, the growth of our portfolio. 2025 the percent will be coming out in the international from less than 10 to about 25 . 25 , and where is that cash coming from now . We know you will get some money from the aramco ipo. That is a good start. The investments that we have today, it is basically all liquidity. We need to look at leverage. That is what everybody is doing. Thesel be limited to things. If we are in one project, we can use down the line the project as a base for the leverage with no recourse to the rest of the portfolios. How do you plan to love her up . Lever of . How much leverage do you plan on using . We hired a new trea