Representative kevin brady last night. We have two Top Economists to weigh in. Federal prosecutors are reportedly investigating 21st century fox over whether it should have disclosed information about Sexual Harassment settlements. Those details as well. Lets get right to the latest. Eamon javers and kayla tau xi are at the white house. Reporter a bit of an airing of grievances from the president on a number of subjects. We did hear some Important Information about the sequencing of his legislative agenda later on through the year in terms of taxes and obamacare. Heres what he had to say. The tax would be easier in my opinion but for statutory reasons and budgetary reasons we have to submit the health care sooner. Early march, mid march and after that were going to come up and were doing very well. Reporter so the president there saying that health care goes first in march or mid march and then tax reform. You know, politically that could be a challenge for the president because as we
Yesterday the s p turned positive for the month of june in the last minute of trading. Check it out, the s p sectors are positive year to date. If you take a look at all of them, most of them are positive. The tell kom leading the way. The worst part is the financials. Take a look at the treasury. Still sitting there. Yesterday we saw it at 11. 5. Today 1. 4. People are looking at this as a safe haven. Tell you whats happening overnight in asia. While some of you have been sleeping, things do look up there. Margely up. I dont want to get too excited about it. Lets swing over to European Equity futures. These are actually happening live as we speak. Dax, cac, ftse 100 up. Again. Marginal picture. Italy margely down. Currencies real quick. Im curious, okay. No, i know. Just stable. Im thinking when do you plan the trip . I think a trip should be in order . He had gotten from hilton saying 30 off sell there. Already sending off ems. 30 trips to london simply because of the devaluation fac
We begin with the markets looking to burn through more records. Plenty of fuel after Third Quarter Economic Growth gets revised higher. Results came in shy of the missed performance. Asia hurt by slowdown. The night of protests in ferguson, missouri, after a grand jury decided not to indict Police Officer Darren Wilson. Economic growth was greater in the Third Quarter than the government originally thought. Gdp up 3. compared with 3. 5 . Latest results suggesting upwards revision of business and consumer spending. Data one day after the dow and s p closed at record highs. Apple finishing at an alltime high. Market value almost to 700 billion. Pennies away from doublie ininie tim cook took over. The average gdp back above 2. One thing i think people feel is why did the market get up here . Dave and i were talking about you have to be skeptical. If our country is the strongest country in terms of projected growth on earth with the possible exception of india, i dont know. Maybe india, ma
Sfwloosh we love having you here. We like fireworks. Im not promising were going to have any today. You have just written a new afterward. As i read that which is really a history of where weve come since the book came out about a year ago, i sense that you seem a little more agitated a little more disturbed, a little more angry. Is that fair . No i dont think i feel more angry. I feel you know i feel like ive seen this movie before. The response to the book was very similar to the response to money ball, i had this main character who was a disrupter in his industry who was holding up a mirror in the industry and the picture that he revealed wasnt flattering. There was a lot of anger in response to the book. Thats naturally agitating. You cant really thats true. It is agitating to me in the middle of a firestorm, but i basically have been pleased with how the book has been received. I mean i like to the extent its been read as opposed to been just a totem for controversy, people have s
Best buy, williamssonoma, earnings surprises to the upside. Omnicare gets taken out by cvs 98 a share. The ceo of Lumber Liquidators resigns. Salesforce up on good oldfashioned earnings. Hear what they told jim about the quarter and competitors. Best buy up sharply after beating the street with its First Quarter results. Its domestic business was stronger than expected, driven by demand for smart phones. Large screen televisions, major appliances. Williamssonoma exceeding forecast in q1, comps up 4. 6. Confident we are executing against the right investment strategy. I sense there is progress but more work to do. This is incredible. They quoted in the release strengthening in our domestic business versus previous outlook. The daytoday inconsistencies, lowes did not see that. Home depot did see that. The categories best buy is doing well in are catries others are faltering in. I wonder whether the culture changed enough that they are simply doing better. They are selling more product. C