Will the rising tide help other stocked. The overhaul now reportedly to be done in stage. And a new echo device likely to be unveiled thor. First up, markets are aiming for new milestones. The nasdaq mitt record highs. As well, briefly surpassing 800 billion in market cap. Then theres the vix. Some people say it takes you back to 93. Jim, our number indicate 2006, but it doesnt fall below ten very often. Remember theres a correlation thats actually not that negative. You should have this in a bull market. Warren buffett says just keep contributing to your 401 k . Im not saying thats complacent. Im saying thats the way people save, and you may say, well, they shouldnt save like that and they have forgotten how much you can lose, but Warren Buffett would say how much did you lose . You didnt lose anything even during the great recession. I think theres a level november the complacency, but a recognition this is how you invest, because we dont have any other plate to invest. His comments
I mean, up or down. Lets just see. The european markets have been open for some time. There we can give you some actual answers. Also, well, largely down other than the ftse in the uk which is up. But no great moves there. Thank you for italy and spain in the control room. I like to see a broader picture other than the big three. As for crude oil which we go to next, 2. 276. Wti back above well above its kind of a stealth move there a little bit. Thats all talk ahead of the opec meeting. Hot air . Yeah. The saudis have cut back by 500,000 barrels because the u. S. Is increasing by that much in if next four months. So interesting. Well talk oil during the show but lets start with retailer. Two are falling sharply. Tiffany with a surprise drop in samestore sales and lowes also missed on its top line. Plus, were awaiting a new outlook from the fed. The u. S. Futures are more or less flat after the longest winning streak is extended. Over in china, a downgrade. Moodys lowers its rating on
Hits already fired a warning shot. They are calling the senate plan even meaner. In the in wheelchairs take to the halls. Mcconnell is now not so secret plan could already be on life support. As of right now it leads the gop shy of the 50 votes. Will it force bipartisanship on the hill. They disapprove of the house plan. We to congressmans from both sides of the aisle. About the true healthcare need. Trump is talking telecom tech. Asking the top ceos for advice. Imagine this. It can promote emerging technologies. One of those ceos was inside the room. Getting in front of the cameras right now. The drone giants. He is here on the foxbusiness occlusive. Lets the countdown. They are calling a code green. They are getting a shot in the arm to the major market averages. They would be calling a code red right now if it werent for ensuring united healthcare. You can see them all here. Up about 1 or one plus right now. Checking how the drugmakers have actually done since the election. You can
Olympic leaders that will help them post the summer games. Global news in more than 120 countries. This is bloomberg, and bloomberg technology. Is next. Emily im emily chang. This is bloomberg technology. Softbanks and game. Another run at the u. S. Cable market with a direct offer for charter. Why the move to acquire americas secondbiggest Cable Company is the billionaires most ambitious target. The model three kicks off a new era in electric cars. Will tesla deliver . We look ahead to teslas Earnings Report. All bets are on after 400 million shares of snap hit the market. A look at the lockup expiration of that investors have had their opportunity to sell. The turmoil continues in washington. Anthony scaramucci has been removed from his new job as White House Communications director just 10 days after he joined president s staff. The white house said, mr. Scaramucci felt it was best to give john kelly a clean slate and the ability to build his own team. Sarah Huckabee Sanders mented
Make it in America Brian set to Showcase Companies that not only are making their products here in the usa but theyre also making money doing it power lunch starts right now thats right, melissa break out the National Anthem and send in the eagles because were going to america this week all right. Stop me if youve heard this one before the dow hitting an alltime high on this final day in july. It has been a red hot month for your money the dow, s p and nasdaq all on track for their biggest gains since february check this out the dow is now up nearly 11 this year. The ntds really banking some investor coin. Up nearly 18 just this year now, if you own these two stocks, you are probably both happy and sad today. Boeing soaring again hertz hitting the skids. They got a downgrade were also keeping an eye on oil atop 50 a barrel earlier in the session. But now it is moving lower tyler. Thank you very much, brian. Welcome, everybody im Tyler Mathisen we begin this day as we so often have in r