Spiking over those concerns over iran also coming up on the show, House Financial Services chair Maxine Waters on why she wants a hearing over facebooks crypto play, libra. Join us, stephanie link, from levine, welcome. Are you doing buying today little bit. Little bit like what little Semiconductors Semis little broadcom i started a position last week when it fell 8 on the day and i just kind of think that the valuation makes a lot of sense and well see. Its a china proxy for sure, so something good has to happen on trade but i think the valuation is discounting a lot stephanie i was talking to one senior trader who said that the threat of a cut on Interest Rates is more powerful than the cut itself and that therefore its harder to get this same good news again. Likely be dialing back the promise of a cut or it will be the cut itself youre coming from a much lower base than historical levels but it was good news that we got i think the commentary yesterday was exactly what was needed.
Coming the new bellwethers it could be argued that ge has not been a bellwether for a very long time. Meantime tesla shares also under pressure today over under certainty around whether the electric vehicle maker will be opening a new factory in china were going to separate fact from fiction on this one. And after the bell, soon youll be able to order takeout directly from the amazon app the head of amazon payments will be joining us exculusively to talk about the ecommerce giants latest announcement. Everybodys getting into the Payment System business right now apple pay, amazon pay. International, too. Alibaba pay, ali pay. Absolutely. Lets get to the top story out of washington. That would be tax reform and a major change being floated by republican lawmakers that could have a huge impact on your Retirement Savings cnbcs ylan mui is in washington with that story. Ylan reporter bill, a capitol hill source told me they were looking at lowering the limit on how much you can contribute
Today . Speech therapy, trying to deal with the mutiny that was coming as a result of Bernie Sanders supporters who did not want to give in. After a storm calls for unity is the headline in the philadelphia inquirer. As the night went on it looked like the bernie supporters had finally calmed down. You heard john harwood report earlier about how Sarah Silverman told them they were being, quote, ridiculous. And that seems to have helped. Lets see what happens tonight with the big headliner. Former president bill clinton, historically hes always a crowd pleaser. But, guys, he has run into trouble with the black lives matter protests as hes been on the campaign trail a couple of times. But you can assume this is probably going to be a pretty friendly crowd tonight. Lets get over to brian and tyler back at cnbc headquarters. All right, michelle, thank you very much. So a ton in the Business World going on as well. Your power lunch menu seems very appropriate today because mcdonalds is the
Though hard times put a dent in profitability, asset quality and net interest margin continued to shine among the list of the best performing publicly traded community banks.