Q2 is at 10 the president says markets would crash if impeachment moves forward. Plus, vaping fallout Philip Morris joining us after calling off merger talks and shares of beyond meat soars, as mcdonalds begins testing, the plt, a tomato burger. The house impeachment inquiry remains in focus futures are pairing their gains as the house releases the whistleblower complaint. Joseph maguire is set to testify on the hill, before house intelligence well keep you apprised of headlines for that the president did retweet a comment this morning, suggesting that the markets would crash, if impeachment happens. The history of when clinton was impeached is one of the first day tech was down, 4. 5 . Nasdaq, after that, it was the greatest buyup effort. Im not going to buyin if the markets crash. I would buyin if he was convicted by the senate. You need twothirds of the senate i feel like where we are here is like, the whistleblower you know where were back to were back to one of the situation where
9 10 of percent is estimated by economists. Aa revision lower prior decline of 1. 1 . The original reading had been 19th of 1 . Another negative data point adding onto the durable goods report showing orders for business equipment fell in december by the most in 10 months. A pullback of 5. 1 . This by that, we are seeing a rally in the markets. At least in part by the stronger than estimated facebook, though shares have been selling. We havent seen a comeback in large technologies. Amazon is trading higher. Facebook shares up 13 after the revenue rose. People are serving more on mobile. The companys ad revenue has been surging. I went to check on european stocks quickly because they are, we are not seeing a gain. Overnight in asia, we did not see gains. Areerms of europe, earnings hurting in europe in the regions largest drugmaker. Projections. Alysts it will continue to see pressure from currency effects after the companys missed estimates. A bit of a dichotomy around the globe. Lets
Fund in infrastructure. The fund will have a mandate to buy a variety of assets. Goldman plans to complete the fundraising by the end of the first half. Double line capitals Jeffrey Dunlop bought 20 million of puerto ricos junk rated bonds this year. Puerto rico securities have traded at distressed prices for more than a year under speculation it will not be evil to pay it 73 billion of obligations. A group led by tony ressler winning the bid for the nbas Atlanta Hawks according to a person with direct knowledge of the matter. The sale price was 730 million the secondmost ever paid for an mba team, behind steve over pars purchase of the los angeles clippers. The person requested anonymity because the sales process is tried it. We have less than an hour to go until the close of trading. Scarlet fu has an overview of the trading. Scarlet you have u. S. Stocks within spitting distance of a record high. 5 shy of matching it personal best set on march 2. The earnings we will be bringing you
This is a day when you think about it more than 15 years in the making. The nasdaq on track finally to end the day in uncharted territory. Trading above its march 2000 alltime high. That close was at 4,0548. Set back march 10th of 2000. Were a little less than 16 points above that level. The other number were watching this hour the s p 500 also flirting with new highs. The previous alltime high on the left, 2,117. Theres the current level. Were flirting with that one. See if we can do that in the next hour. The markets very next direction could be determined by a huge batch of earnings after the bell today. It is highlighted by google Amazon Microsoft and starbucks. Well hear exclusively from starbucks Ceo Howard Schultz right after his numbers are released, bill. We have a lot of ground to cover this hour. Markets trading right now though, interesting pop midday. Pushed the dow up. It was up more than 80 points for a time. I think it was a 90point gain for a time. Now up 65 points at
Microsoft this morning, the company beating on the. Top line, but missing on the bottom line. Microsoft telling investors it ames to get its nokia unit breaking even in two years. We will have more on that in just a couple of minutes. As for apple, revenues fell a bit short. Asia, a key part of the story, ceo tim cook told analysts the companys performance in china was honestly surprising and we will have more on the streets reaction to apple in just a kup couple minutes. In the meantime, im going to send it over to kayla. A lot of moving parts in that. We are watching a number of other stocks today. First up, video game publisher electronic arts. The company is hosting better than expected earnings and revenue egz. Results were helped by strong sales such as titan fall, original revenue and cost control. That stock after hours and yesterdays trade down by 0. 5 . Ju juniper, meanwhile, below expectations. The network gearmaker citing delays in Closing Sales deals at some north american