Now the lowest since november. Our road map begins with the atand the gop on the verge the president and the gop on the verge of a much needed win. Plus apple making the 1 billion bet on manufacturing, launching a new fund to invest in u. S. Jobs. We elle a well tell you what tim cook told jim. Its a big morning on the hill as the house is slated to vote on the Health Reform bill. It would give the president the biggest legislative victory to date. Some gop congressmen have shifted from no to yes after an amendment was added to help cover preexisting conditions. Theyre calling it the upton amendment, jim. The question is, whats the future for the bill, if it does pass the house and the senate and if that happens, does the reflation trade is the path cleared once again . I think it is. I think this would be rather remarkable if they get it through. Just to get it to the senate so they can Start Talking about economics. Because yesterday, the fed issued a statement that was incredibly ha
Secretary Steve Mnuchin arrives for another round of talks in italy. I understand theres an ambitious Tax Reform Program in the United States, were watching closely on what is good for the United States and what would be learned by other countries about tax reform. Donald trump calls fired fbi director james comey a grandstanding showboat as he tells nbc exclusively his rational for sacking him earlier this week. You said i accepted their recommendations. You had already made the decision. I was going to fire regardless. Good morning, everyone. Its friday. Glad youre with us once again. We have another packed show for you. Lets kick things off with our top story. Vivendi announced plans to buy a 60 stake in Advertising Group halves have ff s ha havas for 2. 4 billion euros. The step marks another milestone in vivendi chairman Vincent Bollores plans to build another media powerhouse. Shares of vivendi are up 5. 71 . Karen has been following the story all morning long. I wonder what the
Announcer this is nightly Business Report with bouncing back . Consumers rebounded a bit in april. But retail itself remains a mess. What gives . Is the backbone of the american economy, better known as the american consumer, healthy or not . Taking the plunge. Home prices are not for the faint of heart right now. So what do you do if youre looking to buy your first home . Some of the best markets if youre looking to get in. And its the new retirement. Why senior women are making a strong push to be this generations golden girls. All that and more on nightly Business Report for this friday, may the 12th. Good evening, everybody, welcome. Im Bill Griffeth coming to you from the new york stock exchange. Tyler and sue have the night off tonight, so its just you and me, okay . Weve been telling you about the wreck that is retail, and theres another one today. First, there was a bit of a rebound by the consumer in april. Spending rose, albeit less than expected, but it rose nonetheless. Ste
Travis kalanick is out as investors try to move past scanda scandals jack ma on why globalization is good david will sit down with him Martha Stewart shares her take on the state of retail the media mogul is going to join us live. First up, Travis Kalanick is out as ceo of uber bill gurley this morning, big investor in uber said books will be written about kalanicks entrepreneurship and few have changed industries the way he has. Yeah. Adam lashinski wrote a fantastic book fortune writer that came out four weeks ago about kalanick had he to break billions of eggs to make a couple of really fabulous omelets its almost as if i dont want to say his job was done, but i would say that you got in there and it wouldnt be so bad to have a more a lesser addict story. Personal tragedy you have to weigh this i think obviously the people got an image of what the company was like inside that was a little bit distressing. Listen, this guy did it. And i dont think theres enough good being said. I kno
Happen because the journal story last night, also about the huge i think its 7 or 6 of the market are now owned by etfs, which is great until its not. There is a growing group of folks who are thinking if were just buying stocks en masse, will any reversal like the qqq, 100 stocks effectively. But five stocksmake up 40 of the index. So thats why people say, why do you talk about these stocks all the time because their weight matters. Theyre so powerful within the index. Earlier today, i was looking at the s p 500, there were probably only 75 stocks that were positive on the day. By the way, the last down month for nasdaq was october of last year for the s p and dow. It was sooner than i thought it was actually back in march. We should appointment out, this isnt a complete selloff this is a day very much about rotation youve got correct. Selloffs in the momentum stocks, technology in particular a lot of those stocks are not returning to levels that are frightping at this point yet but p