If the blue chips hit the milestone 26,000 at the open and coming to download added 1000 points in seven trading sessions. The shortest time for a gain of backsides ever. The rally could be held their earnings from several bigname Companies Including united, health care. Kerning in revenue came out a few moments ago but revenue and earnings topping expectations. The company said the most recent quarter earnings per share were boosted by 1. 21 by deferred tax benefits. The Company Revised their 2018 outlook to affect effects of tax law changes. This is why markets keep going up. Waiting for numbers from citigroup due out later this morning. The main thing to watch in the earnings whether more companies will be giving bonuses out to employees. Several big Auto Industry ceos including Fiat Chryslers Sergio Marchione spoke with fox business about what the legislation means for their companies. We removed all the cobwebs and concern about when they do it. Im glad weve done it. The tax packa
And welcome to power lunch. Eye melissa lee, your money carving out some small money today, and russell 2000 at rosh highs. Its a global rally. Lets check out bitcoin is bouncing back after falling below 10,000, Goldman Sachs say its a bubble bigger than the dotcom era and famous tulip bulb mania, and p g was down travelers rallying by almostsh topping expectations tyler . Thank you very much, melissa. Welcome, everybody we begin with a major decision from the white house the administration saying it will slap tariffs on solar panels and washing machines. If youve got a solar powered washing machine, you are not, kayla, going to have whiter whites Kayla Tausche is at the very white house with more. Reporter those tariffs are steep and final. For companies outside the United States empowereding washing machines into the United States theyll sue new tariffing between 20 and 50 , depending on the number of washing machines they are importing. For components that 50 . For solar part manufa
Stephanie greece has responded to that ultimatum in europe by asking for a new bailout. Today, the greeks formally asked for a new bailout. In return, greece said it would impose tax reform as early as next week. This morning, the greek Prime Minister promised to deliver. In the next two to three days, we will put forward concrete proposals in detail and i am confident we will be able to meet the obligations of the crucial times. Stephanie the European Commissioner meanwhile says there is a scenario if greece has to leave euro. We will hear from the Economic Affairs commissioner in europe in the next hour. Erik in china, the government is trying to stop a meltdown. Nothing is working and on paper, investors have lost trillions of dollars. Down with 30 since june 12. Here is the issue. Much of that money is wrote money. Borrowed money. At one point, walk locked out of the market because the trigger had been tripped. Jpmorgan is preparing to settle federal investigation into credit card
Johnson johnson, well fargo and many more. Google going on a costcutting mission. How will this company known for growth cut back . Shares of google right now, shall we . Maybe no. Maybe so. They are up 16 at 5. 63 a 3 rise on that news. But we do start with the iranian deal. It may take weeks or months for the money to start flowing but the speculation has begun about who will get into the Islamic Republic first. Our coverage begins now with morgan brenner. What have you found, guys . You snuck up on me there. A sneak attack. So its not a done deal yet, still months and several hurdles away from sanctions being lifted, but there are a wide array of companies that could benefit long term so lets start with oil majors exxon mobile bp and royal dutch she will have all been taking steps to explore the possibility of doing business. All of the stocks are higher today. Now, if they start investing that could also boost Oil Field Services companies so Schlumberger Halliburton international a
Harper. Good morning, this is bloomberg surveillance, i am guy johnson with tom keene in new york. I think i am most focused on the Montreal Canadiens who are doing everything good in the thisnal hockey league, election is a true majority. Back 27 years when his father stunned the world with liberal theology for canada. It stuck up on us in the states. Fors an important moment all elected officials, including Prime Minister cameron. This will be watched very closely and analyzed very closely in the United States. November 2016 it is the top story on the first word desk. Here is vonnie quinn. Vonnie the biggest political comeback. Justin trudeau swept into office. The ousted Prime Minister Stephen Harper and his decades of conservative rule they won with 84 seats in the house of commons. This is what positive politics can do. This is what a positive, hopeful vision and a platform and a Team Together can make happen. Former he the is the son of pierre trudeau. British Prime Minister Davi