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Good morning, welcome to squawk alley. With me here at post 9, Kayla Tausche back again all three major averages hitting record highs the dow at one point within 150 points of 25,000 its backed away from that a bit, but were still keeping an eye on it. For more, philip swagle and jim paulson, chief investment strategist welcome to both of you jim, we keep hearing simultaneously that the market is rising on tax reform optimism and also that tax reform is priced in. Which is it . Well, its hard to argue that its priced in when it keeps going up every day thats for sure. I dont know what has not been vetted by the market as far as this tax policy is concerned the news has been out there for some time. People got a very good idea exactly what its going to be and already have adjusted their earnings estimates and so forth, so i sort of lean in the camp, too, that even though theyll probably pass it this week, most of that is included in ....
Bishops plans to take on local rivals have stalled in shanghai. Asiagood morning to our asiapacific viewers. Upside, four the for four days in a row. Yvonne, it is valentines day so investors were feeling the love. Have my pink and red valentines day tie in gettingion as youre ready for the year of the dog in china. Interesting what happened. 2. 12 is where it came in. When s pxpecting 1. 9 cominget numbers were in. We ended up near session highs. Vonne despite how we see yields heading higher, it seems were shrugging off inflation print and adding to risk. The interesting to see s p 500 reverse and gain back the losses from this year already. Ramy lets get more into this yvonne, because the s p 500 advancing four days in a solidifying the rebound despite the higherthanexpected set by a decline in retail sales. Down, su keenan is here with more. It seems the bulls were ready to run. Su it seems were getting two stories, perhaps the economy not as strong as we thought with the decline i ....
Affective ad campaigns ever it. It was we try harder. It was for avis. It was behind hertz and not afraid to admit. That they went from a money lose tore profitable overnight and came close to overtaking hertz. I thought of this battle as a notice a marketing push from lyft, it is the second largest Ride Sharing Company behind uber but uber has a reputation as a bully. A company of tech pros. Watch this commercial from lyft. The guys in gray are from uber, even if the ad doesnt admit it. Miami, chicago, seattle, look at them in seattle. Why are all of the lyft drivers so happy. Because they let passengers [ inaudible ]. It is gross. I heard them paid over 100 million in tips to their drivers. Why would they do that . They use the extra money to g buy gifts for their family. [ laughter ] second place lyft is positioning itself as the good guys, the company you could trust. The company you could trust to take your dear grandmo ....
Ad wrier wter who came up with of the most effective. It was for aadvice rent a car. They tried harder because it was the number two behind herts and it wasnt afraid to admit it. It went from a money loser to profitable overnight and at one point came close to over taking hertz. I thought of this battle. It is the second largest Ridesharing Company but behind uber, but uber has a reputation of bully. Watch this tv commercial from lyft. The guys in gray are uber even if the ad doesnt admit it. Chicago, miami, seattle, look at the smiling people in seattle. Why are all of the lyft drivers so happy . Maybe because lyft lets passengers tip them in the app. Thats gross. I heard lyft paid out over 100 million in tips to their drivers. Thats stupid. Why would you do that . They use the extra money to buy gifts for their family. Second place lyft is positioning itself as the good guy, the company you can trust, the company you can tr ....
Coverage from the Global Entrepreneurship summit which the u. S. Is hosting at Stanford University. We will hear from leaders across the tech industry. Legendary investor investor , tim draper a huge lineup throughout the hour. But with brexit polling in a dead heat, investors have an skittish. Heres a look at how u. S. Futures are trading. Slightly higher nikkei futures also in action right now and you can see we are showing a slight rally here come a carrying through from what we saw in the u. S. Trade top i want to get straight to london for the latest on this historic vote. My guest was spot on in his forecast in the british general election. The voting andt the atmosphere. What was it like today . Say if i describe it in one word, i probably would describe it as heavy. A real sense of vote today. I went to cast my vote earlier is not going that to come a sa ....