Nation startup looking to gain market share in iraq. The group is called isis, not to be confused with their early 90s incarnation, vanilla isis. [laughter] anyway, the Iraqi Government has now had a couple tweaks respond to the rebels incursion. We should be getting news of the Iraqi Governments triumph right about now. Isis militants control the borderrary with syria, the border area with jordan and pretty much everything in between. Jon right about now. [laughter] wait did you just blow past everything in between. Did you just yadda, yadda the invasion . Yeah, isis came in from syria, started sweeping east, yadda, yadda, yadda, the u. N. Now recognizes the Islamic Republic of isis. Isis running an entire country, it seems like fun, guys, but i think youre going to learn, running a country is not as easy as it sounds. Isis militants trying take over a hydroelectric dam. Providing social services and investing in electricity. On the streets of mosul, isis militants now direct traffic.
Israel and palestine . Oh, man, can a brother gate batman sequel . For gods sake. [laughter] i just need day off. Thats all i need. The audience wants me do the same. What would you do . I dont know. I just want some pizza. What do you want from me . [laughter] but tonight id like the talk to you about corporations. Corporations, theyre a lot like us immortal. [laughter] shielded from liability, accountable tom shareholders. Oh, wait, thats opposite of us. Sorry. But there is one thing corporations do have in common with the rest of us. They dont like paying taxes. Hate it. Fortunately, they rarely have to. Its the subject of tonights oh, no. Thats not. I dont. I did not approve this, and i feel that this is disrespectful in some ways. Its about. Okay. That i dont. That i dont. Lets go with the first one, and then well just. Okay. Thats fine. [laughter] anyway, this seasons hot new tax loophole for corporations, a onceobscure tax dodge known as the corporate inversion, which sounds lik
Cramer. Once again people are paying way too much attention to janet yellen and way too little attention to whats actually happening at the companies themselves. That does not help us understand whats really going on with this market made up of stocks on a day when the dow gained 15. S p 50 up 18 and nasdaq dipped 8 . In a world of people that like to apine endlessly about the interaction between the government and the stock market. I know im a throw back todays when we looked at what individual companies were doing and how those actions impacted their stock. But just because im Old Fashioned doesnt make me wrong. Those that blabber about how stocks are artificially elevated because of the fed and thus destined for a fall literally kept you out of the market. My methods have kept you in. Remember my essential premise. Before equities became commod y commodities we used to recognize the power of individual companies to effect their own stocks. I still believe kpaning the company and how
Beating consensus, short of expectations, but cook says hes not worried. Microsoft missing consensus. Saying the dpaen is still in the midst of a bold and disciplined effort to focus business. Boeing and delta beat expectations, deltas ceo on this network this morning commenting on the middle east. Pepsi came in on a streak despite a decline in carbonated drink sales. Apple had earnings of 1. 28, a nickel above. Just shy of consensus. Ipad sales came in low of expectations, same for the current quarter, and last night, tim cook spoke about sales on the Conference Call. Sales met the expectations, but they did not meet yours. Our sales were gated in part by channel inventory and market softness in certain parts of the world. Two consecutive quarters up double digits, 12. 7 this time, down 9, and two years ago, ipads up 9300 . Right. I want to call this is transition story. We watch tv shows, we watch them on this series, like, that goes on, say 13, 14 show, and theres an episode where n
Services, pmi, International Trade and ism nonmanufacturing numbers that day as well. Forecasters say the economy probably added 218,000 jobs in june to make five straight months of job gains of more than 200,000. Thats something we have not seen since the end of 1999 before the dot com bubble burst. The bulls are looking to close the books on a successful first half of the year. The s p 500 is up more than 6 this year following a jump of 30 in 2013. If the market closed the year at current levels, 2014 would be the best threeyear run for stocks since the 1997 to 1999 period of time. Its weird. Its like a weird goldberg thing the way they do this. Sometimes if it was the first or second of the month with the first friday, they may do it the next friday. They do it weird. Other times we have been here on fridays when some markets are closed and the stock market is closed good friday. Its a lesson here, the only people at cnbc that have to come here joe is winding you up for when we walk