Record sales for the most valuable company. And boeings billions, it is taking a 5 billion hit in the Second Quarter due to the worldwide grounding of what was its bestselling plane ever. And rate cut optimism. Stocks on track to open higher but on pace for worst week since may. Microsoft on track to open at a record high, market cap above a trillion dollars Quarterly Results beat expectations on cloud strength here is nadella on last nights Conference Call. Our commercial Cloud Business is the largest in the world, surpassing 38 billion in revenue for the year with growth margin expanding to 63 . Im proud of what we have accomplished over the last 12 months, and im energized by the tremendous opportunity ahead every day we work alongside our customers to help them build their own digital capability, creating new businesses with them, innovating with them and earning their trust. Cloud is a third of revenue and after at t they had quite the week. Yeah. I did something i never do i list
Were the two profit drivers in the Second Quarter for General Motors and more importantly for investors, margins were above 10 and for the remainder of this year General Motors expects business to be Even Stronger in part because of pickup trucks in north america. Our pickup share in the Second Quarter was up close to 3 Percentage Points on a year over year basis. So we continue to see a lot of Strong Demand for fullsize pickups, suvs and crossovers. To drive that point home think about this. Year to date General Motors pickup sales, both fullsize and midsize up 25 . Thats one reason why gm is doing so well in north america which we saw in the 2q numbers. Eli lilly beat the street. Meg tirrell, the Company Raised its forecast for the year. The beat on the adjusted earnings was 16 cents. Raise only by 10 cents though. Ceo on squawk box this morning address what went into that question. As we are launching products and bringing drugs through our late stage pipeline that drives certain am
Economists. It could bode well for the governments numbers out friday. With the market predicting 185,000. It also means the fed could move closer to tapering its stimulus program. The dow and s p fell for the 4th session in a row. The dow dropped 25, the nasdaq flatlined and the s p dipped 2 points. Gold fell 5 and oil inched up 2 cents. Amc entertainment is offering moviegoers the chance to buy stock in its upcoming ipo. The theater stock is on track to price next week around 20 per share. Bundle up for a brutal blast of artic cold. Ice, snow and freeze temps are expected across most of the country. Time now to say good morning to tood horwitz of average joe options. Hes our man on the Trading Floor this morning. Good morning todd. Good morning angie. Youre one of the doomiest gloomiest guys i know in the market today. It feels like the market wants to go lower, a lot of that having to do with jobs jitters. What do you think . I think that everybody is focused on the jobs right now.
Chris so is he telling the fbi director, chris wray, is his appointee. Is he telling him to i think he has full confidence in him. Chris okay. Thats just one breaking news story. Theres also a story on todays front page of the New York Times that reports in an Oval Office Meeting last summer about immigrants flooding into the u. S. , President Trump said about people from haiti, quote they all have aids, and immigrants from nigeria would never, quote, gf back to their huts. Whats your response to that and also to a federal judge in seattle this weekend partially lifting, again, the president s travel ban . A couple different issues there. I was not in that meeting, but the people in the meeting say those comments never happened, so i have no belief that actually transpired. But lets talk about the temporary protective status for a second, because its an important case. The people here from haiti are here from an earthquake that happened roughly ten years ago under temporary protective
Chris so is he telling the fbi director, chris wray, is his appointee. Is he telling him to i think he has full confidence in him. Chris okay. Thats just one breaking news story. Theres also a story on todays front page of the New York Times that reports in an Oval Office Meeting last summer about immigrants flooding into the u. S. , President Trump said about people from haiti, quote they all have aids, and immigrants from nigeria would never, quote, gf back to their huts. Whats your response to that and also to a federal judge in seattle this weekend partially lifting, again, the president s travel ban . A couple different issues there. I was not in that meeting, but the people in the meeting say those comments never happened, so i have no belief that actually transpired. But lets talk about the temporary protective status for a second, because its an important case. The people here from haiti are here from an earthquake that happened roughly ten years ago under temporary protective