Better than sxiktestimates. Road map begins with slowdown concern, tariffs and decelerating Global Growth weighing on the economy in q2. Top white house economic adviser larry kudlow will join us first on cnbc. We have investors buoyed this morning by strong earnings from tech giants such as alphabet, twitter, and intel all of those stocks pointing to a higher open. And starbucks rallying as well as sales surge. The coffee retailer raising its outlook. Kevin johnson joins us first on cnbc this hour futures are higher on those upbeat earnings. Gdp did slow to 2. 1, but beat expectations earnings big picture today googles parent beating big on both the top and the bottom lines. Twitter also beat the street, reporting 139 million monetizable daily users, more than the street had been looking for. Biggest number in about two years. Amazon did miss on earnings, revenue was ahead. First time in five quarters that amazon did not post a record profit, taking a hit from shipping costs the thesi
Merger deal with pfizers generics unit. And disney domination. The studio breaking an alltime record for annual box office earnings, and of course, it is only july. So, theres a lot for investors to digest this week with stocks at record highs. Jim, coming off of those on friday, you were out, but a lot happened good to have you back. Thank you the starbucks calls kind of the emblematic of what happened this quarter. Starbucks had run big. So you had to figure, no matter what, how could it really move then it goes up big dollars because its better than expected, better than feared what were seeing are companies that we were worried about because stocks have run, and then the stocks do okay. So, this is a short sellers dilemma. Lets say youve been betting against companies because you truly believe theres been an earnings deceleration. If earnings just stay in line, the stock flies. If earnings are a little bit below, the stock doesnt do anything. Right. So, theres just this kind of bid
And center, moderates versus socialists fights for heart of democrat party. One corner Bernie Sanders and liz warren, they tag teamed. In other the pro business candidates like amy klobuchar. And there was a glimmer of hope as moderates began to chip away at nut cases case on the far left. Why do we have to be the party of taking away from people, that is what they are running on, they are running on telling half country that our Health Insurance maybe you do that and made money off health care, our job is to run a nonprofit. We dont know that bernie. I do know it, i wrote the dal bill. Damn bill. I have a better path, medicare for america. Were the democrats ewere not go trying to take away health care from anyone, that is what the republicans are trying to do. You do not support med air fomedicarefor all, do you not le will to fight for it. I just have a better way to do this. I am normally way over there with bernie and elizabeth on this one, i hear the others. Marion williamson. Sh
The United States makes major policy decisions based on the day to day action in the stock market is it wrong when he puts his thumb on the scales of favor of the bulls . When i say that trump is the most stock market sensitive president in modern history, im talking about days like today where the dow jumped 372 points, s p surged 1. 48 and the nasdaq went 1. 95 all because the president delayed some key tariffs that were supposed to go into effect on september 1st instead, certain important items like laptops, like cell phones are now exempt until december 15th so at the very least, Many Companies have more time to adjust and maybe they never get hit at all if the chinese agree to make real concessions why did he do it i think President Trump soaw the market melting down yesterday. Right on the heels of a major pull back on friday. And he took action to turn things around. After all, he does want to get reelected next year. Its easy to do when stocks are in great shape if you own sto