Famine market ive ever seen either the world is ending or everything is going to be just fine. House of pleasure no middle ground. Problem is, thats a terrible way to invest. Have to try to keep a level head, not too negative, not too positive thats how you handle days like today where the average is up and down, big before covering, not only gaining 158 points. S p climbing. 83 . The nasdaq jumping 1. 43 down so horribly, wow, let me break it down for you. This morning at 4 00 a. M. This market looks horrendous. Down a thousand points why . Nobody really knows. We heard it was because of covid spikes and outbreak in china i was watching the tape and it was all about the same, the big declines in royal caribbean, norwegian cruise, carnival, apache, united, continental, southwest, kohls, everything got crushed last week, everything that always trades before the market opens. Why dont we call them unusual suspects thats the new playbook for all the novice investors who crowded into the m
Youre always here to correct my ademocratic showdown. Candidates take aim at big business, spar over health care in their first 2020 president ial debate and boeing shares under pressure this morning, amid growing u growi growing uncertainty about when the 737 max is going to return to service lets talk markets this morning. Trade continues to be the focus, as it has been for so long it does appear at least according to reporting from the wall street journal that weve gotten a series of potential points from xi as to what his expectations may be. The key one amongst them, certainly tying trade specifically to the treatment of washington w huawei, which has been such an important component overall. We want to get to kayla, who i think joins us now shes with President Trump, whos arriving in japan for the g20 summit amidst all of these questions about trade and the ask and what will be received, kayla. Were just a few miles away from President Trump, who has turned in for the evening. Ap
Small cap russell index is often seen as a proxy for tax reform that index is underperforming again today. Well have the latest on any changes to the house tax plan, and we have an update on the senate tax plan. Which is still to come lets start, though, with todays earnings parade that is driving big moves in the market. In various stocks. Bob pisani joins us now with the highlights from this morning and we have a preview of whats still to come here tonight, bob. Retailers coming, bill, but remember 75 done. Still a lot of retailers just want to companies in general, just take a look at royal caribbean, nice move up here beat by 9 cents. Despite the hurricanes and the issues, they gave a terrific 2018 outlook thats why the stock is up almost 3 . Move to the left, remember coach, well, its now called tapestry, that i had a decent number here. The small beat, revenues were short. Remember, now, they now own kate spade. So theyre merging the company i would call this a transition quarter
Offal industrial conglomerate said the changes on the same call he apologized for the companys performance. So far this year shares of this widely owned stock are down 40 . Today after announcing ges turnaround strategy, the stock lost 7 of its value on very heavy volume. The worst day since 2009. Morgan brennan takes a look at the road ahe cut dividend, cut guidance, cut assets, those cuts are the crux of general electrics new strategy under sdwraun flannery. Today flannery outlined big changes for the struggling industrial giant. Going forward, we really have to focus on how we can create the most value of portfolio of assets we have for the owners, and well do that with a very dispassionate eye. Reporter ges dividend was cut today, reduced by half, as the new ceo looks to drum up cash and remake the company. Ge has long been bought for the payout, with about 40 of shareholders retail investors, many dependent on the income. Still the move was widely expected. What wasnt was the guid
Happy new year. Happy new year to you, too. What do you make of what the stock market has done since election day . Look, i think a lot of it is its all positive because people think youre going of have positive gdp growth, less regulation. And i think if you have this 2 to 3 or 4 to 5 growth thats good for equities. Equities this year will be up 10 . Were calling it the trump rally. Is it fair to call it that . I think its you can call it whatever you want. To me its definitely a rally and the rally is because all the numbers coming out are all positive. Right . So everybody is seeing that theres going to be more positive there. And i think a lot of it is for businesses, the less regulation there is the better it ends up being. Its so interesting just given your place within the clinton calm pampaign, youre c to the clintons. Yeah. You wanted her to win, he won. Are you surprised the stock market has reacted the way it has . A little bit. And i think part of it is just as the numbers