Biggest tech companies. Soared to a record high, with tmobile, netflix all adding fuel to the rally. Alphabet posting its oneday percentage gains since july for death july 2015. Joining us to discuss, senior markets editor mike regan. Facebook, twitter, all reporting results. Where do we see the biggest result biggest move . It was a major week for companies. Very tech centric. Theabet is the star of show, rising 10 . All seem to be firing on cylinders. Announcing that major 25 billion share buyback, that is taking the edge of edge off of the concern of the probe of alphabet. Also twitter doing well, showing an 18 gain for sales. Amazon was an interesting story. They had a big earnings miss, but it was in an amazon typical way. Developed a more robust oneday delivery operation, and thats the type of thing amazon investors in the past sort of embraced, even though it caused a hit in the shortterm. I think the Semiconductor Stocks are a major story this week. Instruments, semiconductors
Tea Party Republicans do not like it but because the president is supporting it and Mitch Mcconnell said the president is anxious to sign it, it will pass. David hard to find a deficit hawk in washington. We are watching as they go through the process of enacting the legislation. Lets go to emma chandra in london. Weve heard from the bank of england, from the governor, he does not know what to plan for. Emma that is absolutely right. We heard the governor and his analyst deciding to send back when it comes to Interest Rates. What was interesting was his update of economic forecast, mark carney saying the u. K. Could follow a wide range of paths in the coming years. One of the paths not included was the u. K. Leaving the eu without a deal. It seems mark carney and his team at the bank of england unwilling to comment or prepare for a change in government policy until the u. K. Government has made the change to that policy. Mark carney quoted Boris Johnson saying earlier this week that he
Global growth softening, and specifically having caution because of trade concerns. We will talk with the ceo of dow in this halfhour, Jim Fitterling. Alix also looking at other names like 3m, surprisingly reaffirmed its growth organic sales. , sor names coming in weaker when you have Companies Like 3m , that is positive. Boeing is extending cuts, help withthem to their pricing power. Terrible news for airliners, and then all of a sudden better. David exactly. In the meantime, we have an announcement out of the turkish central bank. Mr. Erdogan has his way. They are going to cut the one 19. 75 , downe to from 24 . The turkish lira is coming down on the news, a little under 0. 5 now. Alix that is a 425 basis point cut. The market was expecting 250. This is definitely more aggressive on that side. David the got the message. Alix we are just about an hour away from Mario Draghis press conference. Eurodollar goes nowhere. Crude up by 1 . Basically, wait for the next hour. [laughter] david
That have a market underwhelmed if not disappointed. Mario draghi made it clear there is no unanimity on these positions. We are going into the summer break in the next meeting is scheduled for september. They willear whether have time to come to an agreement. These are technical issues. , the ecb iss to qe already running up against limits of what it can buy and how much of it. Ghen you look at the tierin system, this is incredibly technical. It is difficult to see how from now until september they come up with a package so they will be ready to announce when that meeting takes place. Guy thank you so much for joining us. From frankfurt, that is maria tadeo. Now lets go to michelle in new york. We no longer have the same governor in puerto rico. Michelle he resigned late night at midnight. As scheduled, it would be the secretary of justice that would take over as governor. Beellos last day will august 2. David what does this mean . Goingis a huge proceeding on to try to sort out the p
Worries, smashing records after records in its domestic debut, the biggest july opening in history. Those are just some of our top stories on this monday, july 22nd. A lot of people were indoors, in theaters. Hakuna matata. I aint going out into those temperatures is that what they were singing . It means no worries there it is. A Big Box Office weekend for the lion king. A lot of people saw it. It was a good weekend for it. Like you said, the air conditioning. Nobody wanted to be outside. Good for the Parent Company. It was a hot one. Very good for the Parent Company. Hot. Hello. Go ahead. It was so hot how hot was it, lana . The cows were giving evaporated milk. Oh, okay, thats a good one. It was so no, go ahead, one more. It was so hot this weekend. How hot was it, lana . The pens were giving okay. Thats a good job. All right. More on the heat in just a moment. We do begin this half hour with the growing unrest and frustration in puerto rico. Today the island is bracing for what man