Leadership meeting in brussels which is still under way. We are going to take you live for all that. So many concerns yet seeing this rally. If we stay at these levels will probably be the biggest singleday reverse ideal in four years. Economist Thomas Piketty has a message for Angela Merkel. He says history will remember you for your actions this week. Hell join us live in a few minutes to explain why he believes not helping greece would be hypocritical. The big banks unveiled their living wills. These are the plans how they would handle bankruptcy during a crisis thats mandated by dodd frank. Dick bove will join us to tell us why he believes these wills are a negative for the u. S. Economy and calls it a dumb idea by the government. Another positive fitbit rating. Well talk to the analyst behind that call whether the company has already gone too far, too fast. Im not making fun of his name, but what is the analysts name . Will power. I love that. The fitbit analyst name is will power
As we await sessions, lets bring in elevation parters in Roger Mcnamee this morning, sar sar sarah fagen and elan muy lets set the table for what we expect sessions to say the white house wants to end this program and it looks like there will be a sixmonth delay before it actually phased out. The big question that sessions will have to answer is exactly what will the end of the Program Look Like . Is it a shutdown of daca for all the people would are currently receiving those protections and benefits or is there some sort of phaseout that could allow people some perhaps grace period before they see those benefits run out and before they can face deportation. Quickly here, sarah, we expect the ag in a moment, people turning their attention to what were expecting to be a six month period for congress to react. With now a number of new obstacles in their way what might their calendar look like the calendar is getting more crowded and certainly with other issues before them this is not a g
Trump about how we could end up in a major, major conflict in his words. Did put some pressure, if you see the nikkei, down about 0. 3 . Same with the hang seng. In europe this morning n some early tlading, things are mixed. The ftse is down by 0. 25 . The cac is up by that much. The dax is up by 0. 10 . With crude oil prices this morning, looks like wti is still below 50. Up 27 cents. Tech stocks on the move this morning. After quarterly reports late yesterday. Lets give around up of whats going on. Amazon eps tops estimates by 36 cents. Saying revenue from the Cloud Business, advertising and Subscription Services helping to drive those results. Alphabet beating the street on both the top and bottom line. Strong ad sales sending profits up 29 , despite some advertisers boycotting youtube. And microsofts ref knew ju revenue just missed consensus. Sales of the Cloud Services platform jumped 93 in the quarter. Last but not least, look at intel. Reporting lower than expected quarterly rev
Welcome to squawk alley for a tuesday, jon fort, sarah eisen and myself. The dow record high today along with the nasdaq, the s p is working on it. The president making comments moments ago on the ongoing debate on hiS Immigration ban. He says the Appeals Court needs to go his way. The president is meeting with a group of sheriffs across the country at the white house right now. We got a piece of tape in a few minutes ago when he was asked about the travel ban and the Court Proceedings for that. Here is what the president had to say. Were going to take it through the system. Its very important for the country regardless of me or whoever succeeds at a later date. We have to have security in our country. Not clear what exactly he means by take it through the system but he probably means all of the way up to the Supreme Court at this point. The president also said he would approve the pipeline deals, thekeystone and dakota pipeline details. He has not gotten any phone calls. A group here
Choice. Will be so good for detroit. We will also give our police and Law Enforcement the funds and support they need to restore law and order to this country. Law and order. [ cheers and applause ] thank you. Thank you. Without security, there can be no prosperity. Without security, there could be no prosperity. We must have law and order. We must have law and order. [ applause ] and by the way, our police in this country are really unrecognized for the incredible job they do. Thank you. [ applause ] in the coming days, we will be rolling out plans on all of these items. One of my first acts as president will be to repeal and replace disastrous obamacare, saving another 2 million american jobs. [ applause ] we will also rebuild our military and get our allies to pay their fair share for the protection we provide to them, saving us countless more, billions of dollars, to invest in our own country. [ applause ] we also have a plan on our web site for a complete reform of the veterans ad