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Highlights. The senators blasted Dennis Muilenburg time and again on a wide variety of issues some accused boeing and the ceo of not being straight with them, outright lying in terms of questioning about the 737 max. Others basically said to him, youre the ceo, how could you let this happen . Youre the ceo. The buck stops with you. Did you read this document and how did your team not put it in front of you, run in with their hair on fire saying we got a real problem here. Those pilots never had a chance these loved ones never had a chance they were in flying coffins. I was walled walk before getting on a 737 max i would walk zbra there is no way just a few of the comments from senators asking Dennis Muilenburg and also offering their opinions in terms of the 737 max more Dennis Muilenburgs time he said time and ....
Should be focused on what is it welcome to power lunch we are in rally mode the nasdaq hit its first record for december the dow jones and the s p 500 on the fourth straight week of gains. Consumer discretionary moving big. Underarmour moving higher. Kohls also. And take a look at the electronic retailer, up more than 50 this year thank you we begin this hour with tax refo reform expected to be agreed torsion signed, eventually unveiled to the public later today we still await the final details of what is in and what is out. Live in washington reporter two sources now confirming to me marco rubio does plan to support the republican tax bill. They put in some lastminute changes to win him over. Namely increasing the refundable portion of the Child Tax Credit. Just about an hour ago, kevin brady who chairs the ways and Means Committee spoke about at the chances of the bills ....
Also iphones, macs are affected by a processor flaw and also billboard reports jimmy iovine could leave his role at apple music and a survey shows an improvement in demand for the iphone x, despite what it calls supply chain volatility. For all that lets bring in the man behind that note, steven malanovich steven, good morning, happy friday same to you i want to start with the iphone x thats the big profit and revenue driver at apple. Theres often all of this supply chain noise around iphone releases often a lot of it doesnt actually translate when we see the results. Which are we to believe, the fear, uncertainty, and doubt among the demand for the iphone x as evidenced by component orders from apple, or the demand that youre seeing for the phone itself well, at the end of the day demand drives supply, so we focus quite a bit on demand. We did this at Ubs Evidence Lab survey followup, so a couple months ago we looked at demand ....
This year, and coming up, whether now is the time to get back into it. Tomorrow marks President Trumps hundredth day in office, and tom cole says how Close Congress could be to getting a deal done on both taxes and health care. Amazon, alphabet, race to 1,000 a share. We are tracking the action. First to you on amazon. Hey, sara, will. If you are looking at price targets, the streak thinks amazon gets there first. Just shy 1500, thats 25 above alphabets. After the Quarterly Results yesterday, it is getting closer to the milestone. Amazon launched double digit revenue growth, and now heavy investments, and push in the indian market, drone delivery, to the recent nfl deal. Shares surged more than 50 over the last year, and about 25 since january alone. By the way, guys, once shares get 990, jeff besos is the worlds ric ....
Squawk alley. Thanks so much, jackie. 10 00 a. M. At sprint headquarters in oberlin park, kansas, 11 00 a. M. On wall street and squawk alley is live. Good morning. Thanks for join us on squawk alley. With me at post 9, mike santoli and kelly evans. Karla and jon have the morning off. We start with the markets on this thursday. The trump rally taking a bit of a step back as we continue to hover more than 100 points below dow 20,000. The blue chip index coming off its second tripledigit loss since the election. Major averages are fractionally in the red, mike. The s p down less than one point, ritch etting stuff here. Yeah. Struggling to tread some water. Weve been doing that for about two weeks. It reminds me of in august and september we had that really strong rally on the post brexit reaction and the market sort of flattened out near its highs. We ended up kind of going down about 3 i think high to low. Wasnt a big, dramatic move but after a while when you lose those thrusters pushin ....