Giant. Plus, courtroom grilling the Trump Administration defending its use of executive power and the travel ban before a federal Appeals Court. Social medias in focus. Facebook and twitter getting some upgrades ahead of earnings tomorrow. First up though, a bunch of earnings to get to, time warner a beat on both the top and bottom line. Alaska air also beating the street announcing an increase in the Quarterly Dividend ahead of the meeting with airline ceos at the white house tomorrow. Big report focused on is disney, revenue falls short of consensus, rising costs as we said, declining viewership at espn weighing on the results. Here is bob iger last night talking to our Julia Boorstin. I think theres way too much pessimism about espn because espn is still in demand from three constituents you want to be in demand the most from, one, distributors, two, consumers, and three, advertisers. And the reason its in demand is the brand is still strong, the product is still good. Weve invested
We made it to work. Good morning. Welcome to Worldwide Exchange on cnbc. Im sara eisen. Im wilfred frost. The question is can we make it home again . We shall see. Its throwback thursday. Worldwide exchange all day then. Fine by my. Not sure by the viewers. This throwback thursday, throwing it back with love songs ahead of valentines day. I dont know this one. This is like oldie, classic oldies. Lots more love songs to come. Lets check in on world markets. This morning u. S. Futures after a minor selloff on wall street yesterday, a mixed picture for stocks. Dow futures up 2. 5 points. S p is flat. Same with nasdaq futures. The action was in the bond market yesterday, tenweek yield slipped to multi week lows. Theres been some buying in remember treasuries. Seeing the caution in the bond market. Its brought the tenyear yield down below 2. 40. Were at 2. 59 on the tenyear. Only a minor selloff. The story really was the resilience of the equity market in the face of big bond buying. Did hu
Attorney general pick. But others arent so sure. Sessions is now facing calls to remove himself from any investigation looking into connections between the trump president ial campaign and russia. Don champion is at the white house with more details. Do you swear reporter it was during his confirmation hearings in january that general senator jeff session failed to disclose he had two meetings with russias ambassador to the u. S. In the last year. I have been called a surrogate at a time or two in that campaign and i did not have communications with the russians. Reporter a Justice Department Spokesman Says that as a member of the Armed Services committee, last year the senator had over 25 conversations with foreign ambassadors. This morning, Jeff Sessions responded to the allegation. I have not met any russians at any time to discuss any political campaign. Reporter democrats say he lied under oath. Because the department of justice should be above reproach, for the good of the countr
Its my pleasure to announce the next speaker. Introduce the next speaker. He is the president of the American Action forum. Hes been a guest many times tamt Tax Policy Center and were always happy to hear him and hear the wisdom hes going to im part to us though he claims hes not. Doug has held many hats. Been an academic at syracuse university. He was director of Congressional Budget Office between 2003 and 2005 and worked on the president s council of economic advisors and early Bush Administration and he was director of the economic chief economist for john mccains president ial campaign in 2008. So he will hear maybe a different perspective from doug, but any way im sure you want to hear what the destination based cash flow tax is all and. Ill turn it other to dug. It is always a pleasure to come to the Tax Policy Center and i appreciate the chance to talk about this. Im at a little bit of a disadvantage because i didnt get a chance to hear everything that preceded me so im probabl
Teams love them. Advertisers may be running in a different direction. Well explain. First you start off with a developing story, for more mixed signals from the white house about the plan to fund the tax cut the administration promise ltd. Ermon. Reporter earlier in the afternoon, among the things the white house was considering, a vat tax. Value added tax and a carbon tax among republicans and conservatives up on capitol hill. We offered the white house the opportunity to knock down that reporting, say that wasnt so. They did not do that. They said everything was under consideration. Its early in the process, they werent ruling anything in or out. Theyre considering those ideas. That was the line earlier in the day, within the past hour, though, we got a new statement from the white house, they apparently are willing to knock down the 80 of the vat tax any time soon. As we have said many times, the president s team is hearing input from experts on all sides of the tax debate as we for