On wall street, and squawk alley is live good friday morning, welcome to squawk alley. Im Carl Quintanilla with john fortt, Morgan Brennan is at post 9 for the hour, sara eisen is off. S p 500 tech sector is the best performer this year by a long shot, up almost 40 . The question is, will this continue into the new year mark mahaney joins us to start off the hour, just published his 2018 internet sector outlook mark, always good to get your take happy friday good morning, carl. Whats the headline on this one . Going into 18 we have three constant and one change. At least for the internet aspect, theyve been extraordinarily consistent and we think those Revenue Growth trends can continue into next year second, the multiples are the same they havent changed over the last three years, which should mean the outperformance weve seen in the stocks to date, its all bottom line driven or Revenue Growth driven. Theres less downside risk, despite the outperformance going into 18 and the third th
Next stop on the cspan bus 50 capitals tour. Former new mexico governor Bill Richardson and former House Speaker brian egov will be all brian egolfn will be our guests on the bus on washington journal. Washington journal continues. Host were taking your calls. Republicans, 202 7488001. Democrats, 202 7488000. And independents, 202 7488002. Lets take a look at headlines. So floridas sun sentinel, deputies wait outside the school. The sheriff investigating claims that other deputies did not rush to enter the school when the shooting took place last week. Is Tampa Bay Times reporting that Governor Scott and the gop are proposing state law changes, including raising the age required to purchase a gun, and background checks on the mentally ill. Assisting the special counsel investigation into russian meddling, that come in yesterday and finally, the st. Louis anstdispatch, an uncertain future for governor brighton as a special committee is going to investigate the governor. The governors ar
Julie you just abide buy today between the individual retailers in the retail Sales Numbers. They are showing different pictures of whats going on within the retail industry. Individual retail showing sales letter disappointing even as the overall number does beat estimates. Women mixed picture at the moment the major averages is the nasdaq is down thing but the dow imap is the the best technology group. Telecom and Consumer Staples shares are lower, however today. Retail, when youre looking at different times of retailers today, its an interesting story. Walmart and amazon, for example, we of walmart which is rising falling by 2 . But amazon is also down after her recent winning streak it had. Walmart reports its warnings next thursday its earnings next thursday to be head of that. First quarter comes could come in in line or below what analyst are estimating. Declining,se stocks investments and owners are falling in the session as well. Got disappointing numbers, not just today but o
Finally showing his support for donald trump. Ryan tweeted, and this is a quote, i will be voting for donald trump this fall. Im confident he will help turn the house gops agenda into laws. Will this be the push trump needs to unite the party behind him . Steve, you are affiliated with the trump campaign. Its an endorsement. But why wasnt there a press conference and donald and mr. Ryan standing together saying i endorse this man for president. That might come down the road. The objective is to unite the party. I expect that coming down the road. Right now they want to get other people involved in the campaign. Was this a bitter pill for ryan to swallow . He tweeted this. It was on twitter. So that was kind. I think you are correct in so far as this is a major step toward uniting the party for donald trump. I think paul ryan did this because he didnt want to be the guy in such a position of power to say i prefer Hillary Clinton to donald trump, and i dont believe he does. Thats what it
This is real money. You are the most important part of the show. Tweet me or hit me up at facebook drought come. The fall out for burger king to tie out tim hortons is brewing into a Public Relations nightmare. Dick durbin blasted the 11. 4 billion deal. He said today how disappointed he is in, quote, burger kings decision to renounce its american citizenship. Billionaire investor warren buffet whose company is financing part of the deal is now in damage control over the tax breaks that burger king will get by becoming a canadian company. Buffet, as you recall, is famous for calling on americas wealthy to pay their fair share to your honor sam. His participation in this deal puts him in a wal awkward position. Burger king is the latest of a company who purchases a foreign firm and then moves into its headquarters. They continue to operate in america but by doing so they take advantage of lower tax rates outside of the United States. Burger king denies that this deal is about denying un