Here the shares are down 8 right now. Thats not even the biggest point decliner in the dow. Which goes back to how low its share prices got. Exactly. At this hour the Senate Finance committee is beginning to mark up its tax reform bill well tell you whats at stake there and what could be the most contentious issues between the house and senate. Meanwhile, amazon is reportedly considering a freemium option for prime video. Wel n will netflix make a similar move lets get to our top story today, the big decline in ge shares Morgan Brennan has all the ugly details for us morgan reporter hey, bill, yeah, so ge cutting its dividend in half. Its only the third time since 1899 its cut that payout, this is the first time its done it notscenario. Thats only part of the story here big part of why these shares are falling 8 is the updated guidance new eps numbers for 2018 expected to be 1 to 1. 07 a share, reduced by half since the previous target and lower than consensus estimate 6 billion to 7 b
Shares of ge sinking premarket on the heels of the biggest decline in almost a decade John Flannery will join us later this hour. Hurricane boost for home depot, raises full year guidance reports. Buffalo wild soaring premarket, getting a buyout offer from york capital. Well talk about that in a moment 7 drop, the biggest one day fall since 09 on monday they outlined the turnaround plan and announced it is cutting its dividend in half. Were going to talk to John Flannery exclusively later this hour lots to get to on the portfolio, on the influence of trian and dividend itself and what the message is going to be from here. Totally agree i think there are some issues about the way they are going to build the cash flow issues about the way 2018 is supposed to go and yes, theres a bit of a truth in reconciliation needed about how the company could have been so wrong about its own numbers in 2017, about how to tend to switch to real acting as opposed to the suboptimal form of accounting. Th
Court appearance. The best ever . 25 years25 a after the redskins last super bowl, the team given new reasono to celebrate. Dubbed the best championshipp team ever. R so do you agree . And another tv icon loft. Hollywood remembers mary tyleryl moore. Good day at 9a starts now. People are throwing hats everywhere today in homage ofmao Mary Tyler Moore. Oo. Were so glad youre with us ono this thursday, january 26th. Ua t big day ahead on good day. Day its throw back thursday. So well be going big with starr power live in the loft. As we speak tucker isker is bursting into song. Rsng into im sure you are at home as well we all remember that song rightg finally it was the dance hit oft the 90s. Si in the loft. The lof shell be right here dishing on her more than 20 years of of stardom. And why shes in the nationsios capitol this weekend. Weekend. Well find out about that. Nd o we wont let her go without w doing a little fox5 rendition of finally. Finay. Why do we torture our guestst youre
Representative kevin brady last night. We have two Top Economists to weigh in. Federal prosecutors are reportedly investigating 21st century fox over whether it should have disclosed information about Sexual Harassment settlements. Those details as well. Lets get right to the latest. Eamon javers and kayla tau xi are at the white house. Reporter a bit of an airing of grievances from the president on a number of subjects. We did hear some Important Information about the sequencing of his legislative agenda later on through the year in terms of taxes and obamacare. Heres what he had to say. The tax would be easier in my opinion but for statutory reasons and budgetary reasons we have to submit the health care sooner. Early march, mid march and after that were going to come up and were doing very well. Reporter so the president there saying that health care goes first in march or mid march and then tax reform. You know, politically that could be a challenge for the president because as we
Weve been seeing. Right now the dow is indicated down 58 points. S p off by 6. 5, the nasdaq down by 12. The dow once again yesterday set a new record high. You hate when i say new record high. New fresh record alltime high. It has been six records in a row for the dow. The s p 500 and the nasdaq breaking sevenday winning streaks. You are looking at the dow on pace for the best week in more than two months this week. Nasdaq and s p are poised for their fourth straight weekly win in a row. Overnight in asia, look and youll see the nikkei was down by almost 0. 6 . Weakness in the hang seng and shanghai composite. In the dax down 0. 4 . The cac off 0. 8 . The ftse is flat. And if you check out crude oil prices this morning, right now pull back of 38 cents for wti. Trading just below 53. Among the top corporate stories. Toshiba shares plummeting again, and s p could cut their Credit Rating by several notches if the Firm Receives federal aide. The credit is rated as junk right now at triple