Small cap russell index is often seen as a proxy for tax reform that index is underperforming again today. Well have the latest on any changes to the house tax plan, and we have an update on the senate tax plan. Which is still to come lets start, though, with todays earnings parade that is driving big moves in the market. In various stocks. Bob pisani joins us now with the highlights from this morning and we have a preview of whats still to come here tonight, bob. Retailers coming, bill, but remember 75 done. Still a lot of retailers just want to companies in general, just take a look at royal caribbean, nice move up here beat by 9 cents. Despite the hurricanes and the issues, they gave a terrific 2018 outlook thats why the stock is up almost 3 . Move to the left, remember coach, well, its now called tapestry, that i had a decent number here. The small beat, revenues were short. Remember, now, they now own kate spade. So theyre merging the company i would call this a transition quarter
Down to 67 basis points today. Road map begins with the year of trump. One year since donald trump historic run, is there still room to run for the stock market rally that followed . A snap lifeline tencent posts a 10 stake. A snapchat redesign. A president ial warning to north korea, do not try us we will go live to beijing, the latest stop in the president s tour of asia it was the year ago today that donald trump was elected president , market history has been made with stocks constantly hitting record highs since the trump election, the nasdaq is up 30 and s p a 21 gain guys, if you look at first years of incoming president s, its third behind kennedy who had 26 his first year and bush 41 had 23 were going to look all morning long at the impact on m and a and how the tweet moved individual names. Its worth talking about. Lets get one thing straight, the rest of the world has been good too i dont want people to say if they hadnt been in america i do think theres an atmosphere that c
Lately, we have a debate with a bull and bear on whether home depots fortunes can last. Thats coming up. This is a catchy tune, though. Im kind of digging it. Its a good one. It may help mortgage place, lending tree, its up more than 50 this year. The ceo joining us to talk more about that on a first on cnbc interview coming up. By the way, dont adjust the sets, im wearing my gene simmons kiss platforms today. Thats why theres a height difference. The latest from the white house, some members of the Republican Party concerned about what the President Trump told russian officials. Well look at why u. S. Stocks dont seem to be phased by all the drama coming out of d. C. These days. Starting, though, with a new bank of Network Report thats calling the most crowded trade in the world right now, the nasdaq. Tech heavy index, of course, as you know, hitting record after record, in record territory right now, as a matter of fact, and the latest 13 filing shows hung Fund Managers are piling in
20th anniversary of amazons ipo, a lot of people are musing about how so mathis stock evade most investors. Why dont we leave amazon alone here. You either caught it or you didnt. I still like it. I think it can go higher. It went higher again today. I want to zoom out and discuss some stocks that are hot in todays market. And why its so darn hard to stay in them, even though i think they could be incredibly rewarding. So listen up, lets make some money. Amazon was home depot has been a fabulous performer for ages. But we have all heard the drum beat that amazons finally gotten to home depot, that people are buying housewares and gardeninging equipment online, therefore home depot had to miss the numbers. In some cases that may be true. However this morning home depot reported the best numbers of any major retailer. So much for the short fall thesis. That makes this stock the exhibit a for why people sell winners, theyre scared. Yet home depot isnt your typical retailer. For starters i
Homebuyers. Its a margin of more than twoone. Theyve outpaced renters since the First Quarter of 2006. As for the Fourth Quarter corporate profits climb. 1. 7trillion. Then you can see from that trot chart finally crumbling. However white now. They are ready for a new alltime record. The early season wrapping up almost last week. As been better than advertised. So far 91 companies had reported. 13. 6 blended Earnings Growth nine of the 11 sectors have seen faster growth. This economy is firing on all cylinders. There is no doubt that this was is happening under president obama it would be Headline News but even republicans are downplaying the trump economy may because they want to continue to put pressure to get the rest of the agenda through. Ladies, let me start with you. Veronica its been a long time. I am shocked that this is not more news. Its really incredible stuff. They talk about the soft data but were seen hard core data that shows this economy is really starting to get in ge