Benchmark yield at 2. 34. The treasurys warning for washington and wall street pass tax reform or markets will fall. Ibm shares on the move after better than expected earnings despite 22 quarters of declining revenue. Big blue up 6 in the premarket. Dorsey vowing to make a more aggressive stance to crack down on hate speech and Sexual Harassment not only has the dow surpassed 23 k but up 25 since the prds was elected. On a political podcast the treasury secretary did warn failure to pass tax we form could derail the rally. Theres no question that the rally in the stock market has based into it reasonably High Expectations of us getting tax cuts and tax reform done it also has based into it optimism on regulatory relief, which theyve begun to see and theres expectations so i think to the extent we get the tax deal done, the stock market will go up higher but theres no question in my mind if we dont get it done, youre going to see a reversal to the significant amount of these gains. Weve
Good monday morning. Welcome to squawk alley. Were at post 9 this morning jon fortt is off this week also joining us on the phone today from morgantown, west virginia, is kara swisher. Good to have you with us this morning. Busy day this morning merks ceo stepping down from the president S Manufacturing council. Weve been looking at that story. Good morning. Heres a statement from ken frasier of merck our country strength stems from the diverse contributions made by men and women of different faiths, race, sexual orientations and political beliefs. As a matter of pefrnl conscious, i feel a responsibility to take a stand against intolerance and extremism. That resignation by ken frasier of merck did not go well with the president who put out a tweet shortly thereafter, really within the hour saying that now that ken frasier of merck resigned from the manufacturing ago council, hell have more time to lower ripoff drug prices so the president going on the offense here against ken frasier
The new video might lead to an arrest. Police are hoping. Were remembering a woman who changed the face of wrestling. China was a big star from the 90s. She was found dead in her home outside of la last night. She broke new ground. That was very sad. I am juliet halley. 5 00. Its thursday morning april 21. Youre off tomorrow because its a full five day work week. I dont feel like its enough. Five days is little too much. My little brother is in town from the middle east. Its in the middle of all this chaos over there. Actually, his landing as we speak. Maybe he is watching us its what we expect and whats normal at 720 for the forecast type. If you think thats normal its not. 63 is the normal high with 87 as a record high. We are above normal with temperatures looking good. Its lots of sunshine coming up again. 45 out of newark. 46 and montauk and 36 and marcello. This is fairly mild. Southwest wind doesnt hurt and that is for sure at three 8 Miles Per Hour. Its a light wind and a light
Billion due to serious improprieties and misrepresentations and disclosure failures that occurred prior to its purchase by Hewlett Packard. In other words, its fraud. After autonomys founder and ceo Michael Lynch was fired by meg whitman, sources close to the company tell me a Senior Executive from autonomy came forward with evidence of widespread accounting misrepresentations that occurred before it was bought by hp. Hp began an investigation and concluded that these accounting improprieties inflated the value by 5. 3 billion. The ceo then relied on audited financials when making a bid to buy the company. Those financials were audited but there were plenty of investors out there who questioned autonomys growth rate. Sources close to the company allege that autonomy pursued a number of avenues to make margins, growth rate and overall value appear far higher than it actually was. The company was selling computer hardware. Desk top computers, its a Software Company at a loss to supplemen
And spain. The roadmap goes like this gm motors Ceo Mary Barra on the hill to answer questions surrounding the companys controversial ignition switch recall. The s p and nasdaq looking to start down the road to a sixth consecutive gain as we head into the Second Quarter. The current fivequarter winning streak last accomplished way back in 2007. Activist investor starboard redoubling charges that dardens planned spinoff of red lobster is designed to benefit management over shareholders. If you see something fast, Say Something fast. Fbi launching an investigation, actually, it has launched an investigation already. We only learned about it, that it is looking in to High Frequency trading. Interesting how many stories have bubbled up on this suddenly. If we can get mary barra to talk about it, well have a collision of worlds collide. Shell have enough on her plate. Oh, my, this is big. Gm Ceo Mary Barra will be on capitol, and the hearings will focus on why they took more than a decade t