Mark police say the driver is an Australian Citizen of afghan descent who has a known history of drug use and Mental Health issues. U. S. Senate Majority Leader Mitch Mcconnell says he doesnt expect the chamber to take up changes on the welfare system in 2018. He addressed the issue at an axials event in washington. I think the democrats are not going to be interested in reform, so i dont expect to see that on the agenda. What the democrats are willing to do is important, because in the senate, with rare sections with rare exceptions like the tax bill, we have democratic involvement. Mark he added infrastructure is a key objective or next year and at a minimum he expects technical corrections to the bill. All remaining significant evacuation orders in areas the smoldering remnants of Southern California path huge wildfire have been canceled after a new round of winds cause activity. Warnings of high fire risk were canceled for Santa Barbara county. In ventura county, firefighters attac
Numbers coming out on the Holiday Shopping season. Look at those numbers today kohls now up 6 , performing well all session, the retailers. Not under armour, though the ceo reportedly telling its team 2017 sucked with the stock down 50 this year, although its up 1 today well tell you which one of planks adventures is reportedly doing well. And for some people, thats the problem, that the other ventures doing better bitcoin rebounding from fridays selloff we have a debate on whether its still worth investing in the crypto craze oh, joy. I cant wait for that. But we start with the move on apple today, again weighing on the dow and getting hit on reports that the iphone x sales are slowing. The Company Reportedly telling suppliers sales will be 30 Million Units versus the 50 Million Units previously forecast. Joining us right now, our friend russ gesht gerbeert kawasaki and matt wolf from Disruptive Technology advisers happy new year, guys welcome back. Thank you. Happy new year. Ross, i
10year at 2. 44. Our roadmap begins with Unemployment Holding steady at the 17year low. Futures point to new records of the open apples chip response confirming its products are vulnerable to that security flaw and the Corporate Tax response, bonuses on the way at jetblue and billion plus q4 earnings hit over at Morgan Stanley december nonfarm payroll growth missed forecast, we still saw 2. 1 million jobs added in 17. Average hourly opens up 2. 5 from a year ago labor force, unchanged, a lot of discussion of the amazon effect, whats happening to retail. I think so, i was disappointed obviously you want more jobs and more people to be hired to get a little increase in wage. But this is whats happening i spoke to Planet Fitness yesterday, Interesting Company i i. Theres a lot more people who work at the sears and kmart than there are Planet Fitness and thats the old and new economy canting amazon and sears being wrecked by ham zon. In retail, warehousing up 30k, couriers, up 19k. Isnt it
Hathaway acquiring precision. We knew this. Nfl deal kind of interesting. Yes. Ahead of earning, reports for tomorrow. Al boib. First up Berkshire Hathaway saying it has agreed to acquire precision cast parts. They say the deal has an enterprise value of 37. 02. They say it takes berkshire out of the market when it comes to m a. Well probably be buying a few small things in the next six months. I mean, were in negotiations on a couple but in terms of a deal of similar size, it pretty much takes us out. What well probably do on this one is well probably borrow about 10 billion and use about 23 billion of our cash. Asked about a lot of Different Things. Ibm, hinted hes been buying more. Said kraft unlikely to do a big deal in the next couple of years. I thought there was a lot here. I know the three reasons the market is up. China should have been down a lot. The stock market has disassociated it from the data which is terrible this weekend. Second, when i look at whats happening with ap
Alley. Im john fortt here at post 9 with michelle carusocabrera, mike santoli, carl quintanilla, and sara eisen have the morning off. General electric, meanwhile, slashing its dividend in half. The first cut since the financial crisis, and its shaking up its core business shares sliding right now down more than 4. 5 Morgan Brennan is at ges investor day in midtown manhattan and joins us now ge cutting its dividend by 50 in what is from a dollars and cents perspective the biggest reduction ever by a company excludeing the financial crisis, but the street expected that thats not why shares are falling right now. Why shares are falling, because of the guidance, so new 2018 eps forecasts, a dollar to 1. 07 per share, Free Cash Flow 6 to 7 billion, also disappointing, lower guidance and as one analyst just pointed out to me, the 6 billion in Pension Funding next year is excluded from the disappointing eps forecast meaning, the numbers may be worse than the optics are suggesting so one key d