Missing estimates and comcast dividend boost well go through the report and tell you everything you need to do the Big Bank Ceos are speaking out on everything from taxes to bitcoin, well hear from jamie dimon. First up, ge missing its Fourth Quarter results of weakness and Power Division its cash flow is improving this is John Flannery on the Conference Call talking about some of the early challenges that the company has faced you heard a lot from us since i came ceo in august i recognize the news we share in that time, power and insurance have been tough. We have moved to tackle the issues our responsibility is to reshape this company and ensure that ge matters as much in the next century as it has in the past. They did say we expect more challenges to continue at least for power right, the relevance of ge is largely going to be aerospace and power is a disaster. Sometimes you wonder whether what did they do to make you feel that power is good. You know who seems to be as interested
Andy cohen joins us for a candid interview that could have hollywood and wall street talking. A wild day on the markets. Stocks surging 200 points before reversing lower triple digit and turning around and ending at a record high. At the center of the moves today, the dollar. Its crazy look at it its more of an interpreted chart but thats the dollar going lower and lower. The action today coming after conflicting signals from the Trump Administration the us what did clarify saying they believe in a free floating currency, which traders took as a bullish signed traders had only one question today. How low can it go. Is it about to go from tail wind to head wind for stock pete was that you in the video i to not do that. My knees. Okay. I think it has more to do with the velocity. The velocity of the moves though i think is what really matters what is really interesting is the volumes that weve seen so far this year. I was talking about that last week a little bit, too but it continues th
Again. Im Brian Sullivan power lunch tees off right now. And welcome to power lunch. Im melissa lee. The major average giving up gains. Dow and s p, russell 2,000 small caps did soar to record highs but now looking at losses across the board. The dow managing to hold on to ever so small gains. Commodities are crushing it and oil at threeyear high and copper and gold soar the dollar at a low. Saying a weaker dollar is good for u. S. Trade transports getting slammed led by united. The airline down 11 on pace for the worst day in four months on fears about a price war. Got much more on this coming up. Michelle. Thank you. Im Michelle Caruso cabrero live in switzerland where the trump tax cut and the surging and Global Economy are front and center well talk taxes, trade and whether davos is ready for President Trump to arrive on friday and michelle, on this multicon innocent, over the next couple of hours you will meet four managers who are the sole of consistency. That is why they have be
We are off session highs and off session lows perhaps restoking the trade war discussion, and they closed a percent, perhaps this gave investors that are looking for selling opportunities a bit of a window to do so. We saw a leg down again around 1 30 the dollar hit three year lows later on, and the dollar fell after treasury secretary Steve Mnuchin made comments, a weak dollar positive for trade, the weaker dollar pushing up the price of oil and gold, up higher by 20 bucks, for stocks, the nasdaq, weakest of the three averages, thats Still Holding to be true, and the weakest of the major s p sectors. Chip stocks, specifically weaker on pace for the worse day since the end of november, and Texas Instruments, the biggest drag in the chip group, the shares down as much as 9 at one point after an inline Earnings Report, but also the slowest Revenue Growth in a year, causing investors to rethink the prospect for Texas Instruments. Weakness in the tech stocks we watch closely, the faang gro
Obviously. Waiting for yankees, the first pitch is in two hours. Welcome to the closing bell everybody, we have exactly two hours to get through this whole show before that im kelly evans, im a big rally day here all right, all you folks in houston too by the way the dow on track for its first close above 23,000 now ibm, interestingly is helping drive this nice rally today after those stronger than expected earnings that came out that you guys have last night. We will get more on that move coming up in a little bit here its kind of astonishing to see ibm up 10 today clearly after the dell, more dow components American Express is going to report along with ebay, well tell you what to expect as well. And so the breaking news today, microsoft and amazon are now embroiled in a new patent lawsuit. And i guarantee the plaintiff ll surprise you when you hear who it is. Thats coming up but lets get straight to the one stock giving the dow its biggest boost today that would be shares of ibm jum