Good evening,on eve welcome. Well, it was a record run on wall street this week. The major indexes breaking thugh alltime levels multiple times, led, of course, by Federal Reserve chair Jerome Powells capitol hill testimony mi where he signalled an Interest Rate cut or cuts might be near. In the end welose it out with triple play of record closes. The dow rose about 244 points to 27,332. The nasdaq climbed 48, and the s p 500 added 13 and closed above 3,000 for the first time. All threendes were solidly higher on the week. And while we sit here at record levels, the market will be turning its attention to earnings season which gets under way in earnest next week. Bob pisani tells us the one thing investors mt keep an eye on. Eerarning season is upon us, citigroup kicking things off on monday. For investors it will be about guidance. Prayerfully the second half guidance will be cautious and on the weaker side due to Global Growth and tariff issues. What about the bulls . Theyre arguing
Our road map begins with the earnings deluge. The busiest day yet with 3m, comcast, dow crossing the tape plus, tesla shares tanking this morning despite record deliveries of its electric cars. The automaker did report a larger than expected loss. And max pressures southwest shares falling sharply ahead of the bell. Loves gary kelly will join us exclusively this hour. Stocks set to make new record highs with two big movers today. Tesla, a larger than expected loss for q2 margins down despite record deliveries of course, facebook beating on both the top and the bottom lines, but with that warning that growth will slow. Results include a 2 billion charge as part of the 5 billion settlement with the ftc as facebook resolves one probe, disclosing yet another, saying the ftc began an antitrust review in june, which is separate from the antitrust review of Big Tech Companies Just Launched by the doj theres plenty to choose from this morning, jim. Whats on your mind . I love the facebook call
The United States mexico canada trade agreement. Trumps comments pouring cold water on the market. The dow is off its high of 257 points to the upside. Its now trading to the upside by 215. Now the broader market, the s p 500 did hit an alltime intraday record high at the beginning of the session. Now its about 50 points from that, at 2949, a gain of 23 points. Nasdaq above 8,000, up 48 points. Oil, huge story today. Surging on worries about the situation in the gulf. We have seen the biggest percent gain of the year. The u. S. Chamber of commerce looking at Economic Optimism on main street. We are live in beijing, china exploring the challenge of china and charlie breaks it on the potential boost that the tmobile sprint deal might be getting. We are less than an hour to the closing bell. Im Lauren Simonetti in for liz claman. Lets start the countdown. Lauren breaking news. Walmart agreeing to pay 282 million to settle a bribery investigation. The department of justice and the securiti
Tech companies to meet with members of congress, talk about some of the Public Policy issues they face. That is this week on the communicators. What is the point of bringing all this technology to capitol hill . As you know, we produce the Worlds Largest innovation event. In las vegas every january but not everyone on capitol hill can come to las vegas so we want to get less than one person here and feature the innovative things and even start up companies that could Show Congress the Great Innovation that we have in this country. What is the advantage of showing it . Some people can learn by reading or watching. Like a livehing experience when you talk to people who work for a company, explaining their technology and frankly anyone who comes here or any other industry event as a politician, they are learning something. Changing world where technology is moving so quickly and so many policies are affected whether it is self driving cars a robotics or drones or all this Amazing Software
The communicators. What is the point of bringing all this technology to capitol hill . As you know, we produce the Worlds Largest innovation event. Ces in las vegas every january but not everyone on capitol hill can come to las vegas so we want to get less than one person here and feature the innovative things and even start up companies that could Show Congress the Great Innovation that we have in this country. What is the advantage of showing it . Some people can learn by reading or watching. There is nothing like a live experience when you talk to people who work for a company, explaining their technology and frankly anyone who comes here or any other industry event as a politician, they are learning something. We are in a changing world where technology is moving so quickly and so many policies are affected whether it is self driving cars a robotics or drones or all this Amazing Software that will make effect how we learn and play. Congress has to be aware of it so they can tackle