Busiest earnings day of quarter. The treasury secretary on the tax rollout. And the ceos of dow chemical and Southwest Airlines in the next 60 minutes. First up, the white house is pushing what it calls the largest tax cut and reform in history. This morning on the today show, the treasury secretary was grilled about how the plan will be paid for. And mr. Secretary, would you be willing to raise your right hand and look at the American People and say, i Steven Mnuchin promise you that this will be revenue neutral and deficit neutral . So right now, were working with the house and the senate. This is now about taking the president s principles and turning them into a bill that we can get passed and the president can sign this year so we can create Economic Growth. And were going to work closely with congress to get this done. So matt, yes, our principles are, we want to pay for this with Economic Growth and with reducing lots and lots of special interest deductions. Ive got to get your
Some stocks hit hard yesterday bouncing back this morning apple, amazon, netflix and invidia. Apple is helping to ush about the dow to an intra day record high lets bring in our global vins tore wall pter price. Good morning so a couple things make me nervous. We have had multiquarter runs on a lot of these stocks, an he will up more than 50 percent offer 12 months. Not a binary choice, but what do you do with it here if you have it already do you add to it or sit tight . Were sitting tight right now. Although the stock is town about down about 6 port st. Lucie t6 s i think the earnings will be better than expected. About down 6 the last few days. I think the earnings will be better than expected and with an he will you haapples waiting for the new iphone so earnings wont be exciting until they announce that new phone in september do you have an opinion about what is going to be a catalyst in the back half of the year, not just for apple, but tech stocks in general . How much of an imp
To begin trading today after the ipo last night at 17 a share. 19 and 20. Not 21,000. The markets completely crashing through new record highs. Closing about 21,000 for the First Time Ever with a powerful 350point rally. Marcus today traded around the flat line after the powerful note yesterday on the upside. Nasdaq, s p 500 down fractionally. This is of course a big tree after the huge rally yesterday. European markets look like this. Ft 100 down a fraction. Cac and dax up a fraction. Markets mixed. The nikkei average was up almost 1 in japan. Shanghai composite tomas was the hang seng. Yahoo security problem headed Marissa Mayers pocket. The ceo says she will not be paid or cash bonus following the breach of a hundred million User Accounts. Two all beef patties at your doorstep. The plan to expand delivery. Plus pizza hut laces up for march madness. In time for the tipoff. All the stories this morning. German attack about it, dagen mcdowell. Recon Capital Partner kevin kelley and Fox
And youre relentless on this tax cut thing. I think these markets are weaving in and out, up and down based on the prospect for this thing coming to spas. Stuart i think so. Neil its undeniable. You can time it tick for tick every single day. The better it looks, the better stocks look. I think thats undeniable. Touche to you, my friend. Stuart thank you for the support there, neil. Its all yours. Neil thank you very much, stuart. All right, well, this russia thing and who knew what and when, Jeff Sessions recusing himself and all of that, its just another one of these wrinkles that develop and get in the way of things stuart was talking about he wants to see republicans doing and a whole lot of other investors want to see republicans doing, that is providing what could be the biggest tax cut in a generation. Whether you think justifiable preoccupied or not, investors sort of take their marbles and go home or, certainly, their gains and go home. That has been the case certainly over th
In the equity markets on this side of the ocean, you can see the european markets as well have steadied to say the least but thats about it. After again a nice twoday rally there, although that ftse, a lot of people saying thats not the one to look at. Yeah, its back to where it was before brexit but thats because most of it is international exposure, not necessarily exposure to domestic uk. Lets get to our road map this morning. It does start with a big day on wall street. Its the end of the first half of the year. Weve got a look at the winners and losers and whos poised for perhaps a pop in the second half of the year. Lions gate buys starz, 4. 4 billion in cash and stock. I will give you the detailtss on how the deal came down and what it means for the companies and industry overall. The results are in, we will have a look at the Bank Stress Tests and what it tells us about the strength of the sector. We are heading into the final trading day of the Second Quarter and the first hal