First we start off with words that moved the markets all over the world. Take a listen. We are doing so well, our country is becoming so kickly strong again, and strong in others ways, too, by the way, that the dollar is going to get stronger and stronger. And ultimately, i want to see a strong dollar. President trump speaking exclusively to cnbcs joe concernan in davos swirtserlands. And the dollar took notice it moved for its largest insupraday move of the year. And the s p 500 at a record high the question here between secretary mnuchin talking down the dollar and President Trump talking it up, is this a risk to the rally . I dont know if it is a risk to the rally i do think they are playing a dangerous game maybe im oldfashioned, but i dont think her sitting president and the treasury secretary shop so pine on the strength or weakness of the dollar historically they havent done it maybe its changing. I dont think they should. Frankly, though, they should get on the same page februa
Good morning a warm welcome to Worldwide Exchange on cnbc. Im wilfred frost. Sara eisen is off today. A quick check in on the futures market they are pointing higher, albeit only slightly by 20 points or so for the dow. The nasdaq and the s p fractionally positive. This comes off a day when we had a trifecta of record closes. The gains were small the dow up 2 , the s p and nasdaq up 0. 1 fair to say markets pausing for breath a bit ahead of that fed decision much more on the markets in a moment first breaking news out of mexico the death toll continues to rise following the 7. 1 earthquake more than 200 people are dead, including 22 children who were killed when an Elementary School collapsed. Mexicos president says more than half of the Nations Capital is without power this comes less than two weeks after a magnitude 8. 1 quake hit the country killing 100 people well follow this story and bring you the latest when we get it the other big story this morning, Hurricane Maria is holding
Stocks and a retreat from record highs in the premarket. Amex, nike, and apple are all leading the dow lower. Plus, a big change at the top of American Express. Ken shenalt is stepping down after 17 years at the helm and 30 years later, lessons for black monday for todays stock market as stocks continue to break new ground we are set to open lower after wednesdays rally, in which the dow closed above 23k for the first time in the meantime, two dow components out with Quarterly Results this morning verizon posted revenues above consensus, helped by some Strong Performance in smartphones travelers, better than expected results, although it did suffer 700 million in catastrophic losses related to the hurricanes, harvey and irma. This nike downgrade, guys, is going to take some wind out of the sails, too you know, its funny. I question the value add of the downgrade. Which is, by the way, goldman. And the reason i question the value added, theyve got a big Analyst Meeting come up. Its all
Here the shares are down 8 right now. Thats not even the biggest point decliner in the dow. Which goes back to how low its share prices got. Exactly. At this hour the Senate Finance committee is beginning to mark up its tax reform bill well tell you whats at stake there and what could be the most contentious issues between the house and senate. Meanwhile, amazon is reportedly considering a freemium option for prime video. Wel n will netflix make a similar move lets get to our top story today, the big decline in ge shares Morgan Brennan has all the ugly details for us morgan reporter hey, bill, yeah, so ge cutting its dividend in half. Its only the third time since 1899 its cut that payout, this is the first time its done it notscenario. Thats only part of the story here big part of why these shares are falling 8 is the updated guidance new eps numbers for 2018 expected to be 1 to 1. 07 a share, reduced by half since the previous target and lower than consensus estimate 6 billion to 7 b
Good morning. Welcome to Worldwide Exchange on cnbc. Im sara eisen. Im wilfred frost. Good morning to you from me as well. Lets check in on the markets after another record close for the s p and nasdaq. Got a half percent gain for stocks yesterday. Breaking out of that dreade dreaded 0. 2 move. Lets show you where we are this morning. Dow futures down a point. S p futures down 1. 5. Nasdaq futures remain strong as the nasdaq continues its outperformance. Its coming off of four straight weeks in gains. The s p and dow broke their winning streak last week. The dollar is the mover last night. This is where we saw reaction to the report from the Washington Post and the New York Times that the president shared some highly sensitive Intelligence Data with the russians. You saw the dollar weaken sharply. The biggest move was against the euro. It soared to 110. 41. The dollar wiped out all of its post election gains. The dollar shot up on this idea of all of his pro growth policies and confide