Assets mario has a different idea hell tell you what it is coming up. Excitement over tax reform is helping to fuel todays market gains, Murray Energy ceo whos been a supporter of the president s says the senate bill is, quote, a mockery of tax reform, and his companys taxes will go up under this plan hell explain and make his case. Then pancreatic cancer one of the most deadly forms of cancer out there former Nbc Universal chair bob wright will join us at post the, talk about his new rush to take on a new push. Hes rushing on this, too. Oh, yeah. Hoping they can get an Early Detection test out there on pancreatic cancer. Lets start with todays rally, though. Dow was up 300 early on, were about half that level right now. Bob pisani has more here bob . Good news, folks, we are acting rationally in the last five or six days so the sectors in the stocks that might see the biggest earnings boost from the tax cut are the ones that have been moving the most in the last five, six day. Its hap
Fortt, morgan brennan. Take a look at the markets this hour dow started off with a nice little pop, but has gone red, losing steam following the tax reform rally nasdaq is pulling back after crossing 7,000 for the first time yesterday take a look at the highest percentage gainers since the nasdaq crossed the 6,000 benchmark. Joining us this morning for more, russell investment chief strategist steven wood and our own mike santoli guys, good to see you. Is this turning into a sell the news phenomenon . I dont know. I dont think its a real sharp sell the news opportunity, necessarily. Mostly because i think the effect of the coming tax cuts was mostly kind of one component of this feel good environment. It wasnt so much make or break, this is it, we need this for the market to hold together, but i do think weve built in a lot of good stuff yesterday was interesting, the round number thresholds, not just with the nasdaq index, but the dow hitting 25 year to date, s p hitting 20 , nasdaq h
Good monday morning, welcome to squawk alley. Im Carl Quintanilla with mike santoli, Morgan Brennan here at post 9 of the New York Stock Exchange john fortt in San Francisco. In a minute hes going to bring us a cnbc exclusive with amds lisa su. You cannot miss that in the meantime, apple feeling pressure from investors. Urging the iphone maker to tackle smartphone addiction and overuse by children. They write the potential longterm consequences need to be factored in at the outset and no company can outsource that responsibility joining us at post 9 this morning, Elevation Partners cofounder Roger Mcnamee and scott galloway, professor at the stern school of business happy monday good to see you both what an interesting turn this is, roger. What responsibility does apple have to how my kids might use a phone . Quite honestly, they have a lot. The culture of Silicon Valley has been about disruption for so long that people have forgotten there are consequences to disruption, and at the sc
Good thursday morning, welcome to squawk alley. Im Carl Quintanilla with john fortt, sara eisen at post 9. Business insider, editor in chief, Henry Blodget dow is down about 47 half of that is apple after the first close above 23,000 apple is dragging the dow lower right now. It is the biggest lager on pace for its worst day since early august the Cellular Service for the companys new watch has been shut off for some customers as the Economic Daily news says apple is cutting supplier orders for the 8 and 8 plus by as much as 50 john, this is like perennial every new model comes with worries about orders yes none of this matters yet i mean, the china thing, its a concern. Theres a new type of sim card in the apple watch and probably the Chinese Government wants to be able to track it better, which youd expect in china, but this iphone 8 thing, the real question is what happens when the 10 comes out, because an unknown number of people this cycle are waiting to see the 10 before they dec
Leaders with the belly. Also coming up a breakaway bid in iraq fails to kurdish leader must step down after the backlash against the regions referendum on independence we will get the latest from there bill. The United Nations warns of a new humanitarian crisis in syria thats as images of starving children a bridge from a rebel held area east of the capital damascus. Plus a powerful storm leaves a trail of destruction across europe the fierce winds and heavy rains lashed Central Europe leaving six dead poland and the Czech Republic are hit hard with germany battered overnight as well. And Lewis Hamilton seals his fourth formula one world title after a day of drama in mexico city well have all the details. For. Im susan was going to good to have you with us catalonia has begun its first week under direct rule from spains Central Government and politicians and Civil Servants started returning to work amid uncertainty if they will accept orders from madrid hundreds of thousands of prohuma