Premarket. Microsoft and intel are moving lower. Weve got a first look at the economy under president trump. It was a weak First Quarter, the question of course is has growth picked up since then. Starbucks out with results, the stock is slipping. A live and exclusive interview with Ceo Kevin Johnson and now chairman Howard Schultz. On the tech earnings front, amazon as you may know by now surpassing forecasts, getting a lift from the Cloud Business. Alphabet also above consensus as mobile search helped to drive ad sales higher. Microsoft and intel beat on the bottom line, but miss on the top line. Jim, theres a lot to get to last night. Last night was incredible to listen to not to the amazon call because amazon said, our cash flow is fabulous. All true. But the alphabet call was about how were not a Search Engine company thats driven by advertising although our advertising is up 50 . They said over and over again as we talked about earlier this week were cloud, were cloud, were cloud
The president will be addressing military strategy in afghanistan, shortly. In u. S. Dy the largest history. Betty good morning, folks. It has been another busy news day, not least because half the country was watching the solar eclipse. In the meantime, as we are awaiting the president and his speech on afghanistan, we had many lieutenants are talking again about policy. Was one, the treasury secretary at an event in kentucky with mitch mcconnell, and he was talking about tax reform, and one of the most contentious areas of tax reform is the carried interest, which President Trump had noted is a carried interest break for the 1 . He noted on the trail i am going to pull it. A little bit of a turnaround for mnuchin. They said they would that to continue the carried interest for funds that create jobs. The hedge funds are evil. Get rid of them before the other funds that actually create let us keep them. He struck a different tone. Let me play this for you guys. Permanent is a lot bette
Will they face unanimous opposition . Shery it is it 00 a. M. Across the emirates. This is Bloomberg Markets middle east. I am Tracy Alloway in dubai. Salamat. M rishaad we are seeing gains across the board looking at the gym and function we can see that Equity Industries are to the upside. What we do have our currencies in focus. I do want to discuss one market to watch out for and it is the karachi stock exchange. Down 2. 1 in the session on monday. That is taking it to near a 20 decline so far this year. That would indicate it is in the bear market. This is being compounded by the move into having emerging markets status, a lot of money got pulled out. It is a small fish in a big pond. But watch the stock. After comments made by donald trump where he singled out text on as a country that needed to get its house in order. That is one thing to keep an eye out for. The Prime Minister removed from office and there is a bit of uncertainty at the top. It is a day where screens are in the
Japanese exports were weak. Not a lot of macrodata on tap. Shares of boeing and gm both higher in the premarket. Better than expected quarterly results. Lamb research buys koa. Western digital buying sandisk, the price 19 billion. Well have the ceo of Western Digital later on the program. And coke reporting a mixed ka quarter. First up, upbeat earnings news from boeing better than expected Third Quarter results on stronger demand for commercial aircraft. The dow component raising their full year guidance and theres gm beating the street with its q3 profit and revenue. Cfo Chuck Stevens this morning on squawk box. A strong truck market a strong suv market is helping, but i think also its our view and our continued focus on driving cost efficiencies and if you look at the material performance and the cost efficiency that we had in the Third Quarter overall about 700 million, a lot of that accrued to north america. I think its seizing the opportunities from a market standpoint but also co
Just ruled incredibly that he doesnt want people staying in mexico. Figure that one out. You have a Democratic Congress that is obstructing. He talked about obstruction, the greatest obstruction anyone has ever seen. Harris a lot of questions shouted they are. We will lean now on chief White House Correspondent john roberts to bring us the news. John . Harris, good afternoon to you. A lot of talk in recent days at the white house is considering starting a new policy regarding family separation. At the end of that press availability with the president of egypt, elsisi, and the chaos of the white house staff tried to shoo the press out of the oval office, the president address that and said hes not going to do that. Listen here. We are not looking to do that, no. We are not looking to do that. Thank you very much. But it does it brings a lot more people to the border. When you dont do it, it brings a lot more people to the border. We are not looking to do it. President obama we change th