Coke, ford and earning all vernings beats. The deal that were to happen would be worth well lets call it 2,515 billion comcast should buy verizon we did get an update erngs report from at t. Mcdonalds expanding its Delivery Program Steve Easterbrook is here in the house and will join us live at post nine to discuss the 787, the orders are amazing. This is a company with just a level of cash flow that people were surprised by. A couple of quarters last when people got very kpietd aexcited Conference Call began and the air went out of the balloon and thats not going to happen this time and the operating cash flow which is what i think has been the hall mark of this whole quarter. Revenue growth instead. The previous ceo was fan fantastic. He is talking about a new product. And remember its been going down when i talked to him this morning i felt terrific about it by the way, we talked about the value dollar, cocacola at mcdonalds and howell thats done i had to of course talk to mr. Easte
Against American Companies is a suckers game because of our innate progress and natural expansion even as the markets day to day gyrations wont always be positive like todays mixed session where the dow gained 32 points. S p declined 0. 07 , and nasdaq just dipped into the red at 0. 02 although it could be heavier tomorrow because disappointing numbers from starbucks and alphabet that may not be offset by what looks to be a strong microsoft performance. For almost his entire investing life, buffett has made the point that you can generate great wealth by owning the best of the best, not flipping them, not flitting in and out, but getting on and staying long. I think hes got an edge on all of us. In addition to having the finest mind for investments of his generation, hes got a team of people who can stay up on his stocks. I always say if you cant stay up on your homework, if you cant research and examine and spend time knowing what you own, if you couldnt give me three bullet points on
Weve been seeing. Right now the dow is indicated down 58 points. S p off by 6. 5, the nasdaq down by 12. The dow once again yesterday set a new record high. You hate when i say new record high. New fresh record alltime high. It has been six records in a row for the dow. The s p 500 and the nasdaq breaking sevenday winning streaks. You are looking at the dow on pace for the best week in more than two months this week. Nasdaq and s p are poised for their fourth straight weekly win in a row. Overnight in asia, look and youll see the nikkei was down by almost 0. 6 . Weakness in the hang seng and shanghai composite. In the dax down 0. 4 . The cac off 0. 8 . The ftse is flat. And if you check out crude oil prices this morning, right now pull back of 38 cents for wti. Trading just below 53. Among the top corporate stories. Toshiba shares plummeting again, and s p could cut their Credit Rating by several notches if the Firm Receives federal aide. The credit is rated as junk right now at triple
What stocks staen to benefit from tax reform . Goldman sachs has a basket of names set to outperform. Elon musk is trolling his haters on twitter after the companys stock surge pushed its market cap above ford for the first time. The president scheduled to hold a town hall meeting with 50 Business Leaders. Among those slated the ceo of citigroup, blackstone, mast ecard and jetblue, it he will focus on improving the Business Climate discussions about infrastructure and jobs. Beth comstock from ge, tom farley from the nyse, john paulson, steve roth, largely new yorkbased. Jim . Got some wall people there and private equity, mike corbett obviously someone who would be able to talk about deregulation. Yesterday theres full scale assault halftime i think the deregulation is so important. Please, with enit comes to the banks, its pretty much everything. Maybe this is back on track. Maybe this is what was doing well. Now there are a lot of people who feel that what happened with health care w
Can figure out what shes up to. Nasdaq gained, but try to figure it out. What threw the market for a loop for most of the day into a late session rally . The fact that auto giant ford motor said that the consumers stalling. The competitive environment is increasing as growth has slowed. So the bottom line is that weve seen a tougher pricing environment this quarter. And we will face one going forward, end quote, ouch. Bam there goes ford stocks. Close down over 8 . I have to admit i was a little mystified about the scale of that decline. About a month ago we went to see fields out in silicon valley, and i wouldnt have called him bullish near term especially when he called out the weakness in used cars. In the marketplace, were going to have a strong year. Weve said that, but were starting to see some things in the marketplace that we hadnt anticipated last year or even in the first quarter. What matters, though, is that autos are a huge part of the economy. Gigantic. They provide jobs