Movers this morning, grow upon shares as that Company Reports a smaller Second Quarter loss and raises full year outlook. Adding more than 1 million new customers. Thats the most in two years. Stock is up by 23 and ceo will be on squawk box in an first on cnbc interview. That is at 8 40 a. M. Eastern time. Amgen tops estimates. That stock basically unchanged. Cheesecake tractfactory repg better than expected profit. Still upping stock buyback plan. Up about 1. 5 . We have more here. Groupon. Is that going to be around . We are going to talk to the ceo and i suspect he will tell you he plans to be around. It was 25, 25 dollar stock once so its up today. Is it are a real. Its a real company. I bet the 6 billion offer they got from google a few years ago is pretty good right now. Lets talk about alphabet. Google now is a verb. Its probably known in every language. Then there was another one that decided changes the name. And totally ruins years. P when you say alphabet, i know its google,
Holding a rally together for the First Time Since becoming the official gop nominees. Lets heard it for the next president of the United States of america, donald trump. Reporter but today some of the focus still on the speech given by Melania Trump on the opening night. A trump staff writer apologizing for the similarities to the Michelle Obama 2008 speech. You work hard for what you want in life that your word is your bond, and you do what you say reporter she wrote in a statement it is her mistake saying she read her some passages from mrs. Obamas speech as a example of the messages she wanted to share and i wrote them down and later included some of the phrasing in the draft that ultimately became the final speech. Mciver saying she offered her resignation but it was rejected. With more protests today in cleveland, a different kind of tension inside day three of the convention as two of trumps most attacked rivals, those he dubbed lion head and little marco is addressing a party st
After some huge losses on friday, relatively speaking to what we have seen over the last couple of months, you can see that the futures are once again indicated for a tripledigit down day. Dow futures right now down by close to 150 points below fair value. It looks like the s p 500 would open up down 18 points if we were to open here. And the nasdaq down by 48. The dow was down by 394 points on friday, a decline of 2. 1 . That was the worst daily performance since brexit. The s p broke the 43session streak without a move of 1 in one direction or the other. Finally getting decisiveness down by 2. 4 . Obviously, a lot of things have changed. People are coming back from vacations. Some are coming back with the big issue fed speak. There were concerning comments for the bulls if you listened to boston fed president Eric Rosengren to sound like he was in favor of a hike. He was in favor of a hike last time, too, but the fed is meeting next week. We do have more fed speak today including Nee
It is the pulmonary reading on february and found Consumer Sentiment found fell to a fourmonth low. Weve seen the effect of lower stock prices around the globe having an effect on sentiment. The preliminary index falling to 90. 7 in february from 92 in january. What was estimated by economists. The other number in his report is household longterm Inflation Expectations fell to the lowest on record, going all the way back to 1979. People not looking for any inflation, especially with the declines we have seen in Commodity Prices and prices that people are paying at grocery stores, for example. If you look at stocks, we are seeing them hold up, although, they have trimmed the gains, even a half hour to trading when we were open this morning, we saw stocks up across the board. In particular, the nasdaq is now showing more weakness relative to where we were earlier. Take a look at the imap. Financials are leading the gains, following on the heels of commerzbank in europe coming out with ea
Welcome to squawk alley this friday morning. Kayla tausche and mike who is here to talk about a number of things, including amazon who is posting the most profitable quart quarter, and sales are up 64 to over 2. 5 billion and jeff bezos has seen the net wealth jump 6 billion in 20 minutes, and also joining us is ben schacter over at mckwor rare ri, ckwory and wt who said that if you want to beat margins quarter to quarter, it is best to go somewhere else, because it is hard to know who is going to come out better than expected. Yes, and they will come out once in a while, and then say, hey, we have insanely profitable businesses, including aws which is this Sleeping Giant that everyone is sort of woke up to last year when they started to show it off. It is really, you know, they prove, and it has taken a long time the train the street to let amazon do this sort of thing, but now it is seeming that they are fine to do it. And ben, what surprise d me s that everything outside of aws, and