A, hell tell us why he made the call and mouch more pain he sees ahead. But first, we start off with President Trumps words late in the trading day that took oun Retail Stocks. Courtney reagan has all the details on that developing story. Reporter hi there, melissa. Late Session Movement in the Retail Stocks happened on headlines from a reuters interview with President Trump with comments about the border adjustment tax. So the president says, quote, he supports a form of tax on the border and that a border adjustment tax could lead to more jobs in the u. S. As Companies Come back and build their factories here. President trump previously told the wall street journal the republican proposed border adjustment tax was too complicated. Trump said the administration would tackle tax reform after obamacare. The xrt retailer etf took a tumble on the comments, closing down 2. 3 . You can see the leg down clearly in this chart. The American Apparel and Footwear Association says that 95 of u. S
Does the gop have the votes . What does it mean for the agenda . Starbucks Howard Schultz on with jim last night. And eight are arrested as isis claims responsibility. First up, wall street keeping an eye on wall street today. The president lobbying hard for the gop Health Reform bill ahead of a critical house vote. Rules Committee Gavels last night without any timing. The house gop delaying a 9 00 a. M. Meeting right now. Its going to be a long day. Yeah. Look, i think that the t. A. R. P. Comparison if we remember t. A. R. P. Goes down the first time and then looks like all heck breaks loose and then t. A. R. P. Again. This is like a mini t. A. R. P. To me. I think theyre going to have to come up with something. Im looking at it from the corporate way because thats all i can really add. I know the hmos, the big public hmos so important to the system they dont want to be in this thing anymore. You may think that you could either vote yes for this ryan plan, or you can keep the obamaca
This is nightly Business Report with Tyler Mathisen and sue herera, funded in part by all it takes is a spark. One idea to take flight. The courage to seek the unknown. To innovate. Disrupt. To move us all forward. To explore a different perspective. At nasdaq, we connect the world with ideas, with capital. With businesses, for people that drive global economies. The future isnt tomorrow. Its right now. All it takes is a spark. Nasdaq. Big vote postponed. The house will not vote on the Health Care Overhaul today. As tensions on capitol hill run high. Blind spot. Ford surprises investors with a profit warning. Just as the automaker tries to transform its business. Boycott spreads. Why some of the worlds biggest advertisers are pulling their money from googles youtube. Those stories and more tonight on nightly Business Report for thursday, march 23rd. Good evening and welcome. The vote on health care delayed. It will not last minute negotiations to convince more lawmakers to vote in favo
10month high. Mashlgts are chasing histories this morning. Dows within 79 points of an alltime intraday high, jim, looks like we might get it closer to the open than some thought. Its interesting. Its the makeup. The makeup is extraordinary. It is completely trumprelated. This expansion in the banks is not just because of regulation, but its also because of Interest Rates going higher but also because people feel loan growth is going to be better, people feel lower taxes. So that group is a leader. That group has been when that group leads, carl, thats a freight train. Its always been a freight train. One remembers the 9192 come out of recession led by the banks, led by bank of america, what you saw there was a juggernaut. And those who said, hey, that cant last. Well, theyre not in the business anymore. Everyones weighing in. Icahn with wapner yesterday. Donald trump this morning saying he sold all his gold. Hes long the dollar. Long materials, short u. S. Bonds, short italian bonds.
We dont know whos going to be bearing that responsibility for donald trump. Yep. If youre just joining us this morning 11 00 a. M. On the east coast. Youre watching squawk alley on cnbc. These are live pictures of washington, d. C. , as president elect donald trump makes his way to the white house for the first time. Always a remarkable optical chapter, something that truly sets our country apart, the degree to which our transfers of power are peaceful. We do not expect to see trump before this meeting. Were told hes made his way in through the residence entrance, so well have to wait perhaps for some photoops that happen in the oval following this meeting, which we do not know how long that will be. Jon fortt, kayla with us here, on a day were watching the optics of politics. The very real quotes in the markets where the divergence between the trump trade materials, growth, is colliding with a serious downdraft in tech. Amazon just the latest example. Amazon is an example of one of th