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will propel the coiled spring of the u.s. economy let s give you a snapshot of this group, which represents about 14,000 u.s. manufacturers to show you why they are so optimistic first, they are mostly small businesses, who will get passed at the pass through rate their employees are compensated higher than the average u.s. worker, but they pay nearly $20,000 per employee in order to comply with federal regulations. that is why the president s speech, according to senior administration officials, will talk first about deregulation, the various ways that he has and continues to plan to cut red tape for businesses. then he will discuss lower rates as a springboard for manufacturing and for the u.s. economy. and also this theme of onshoring, the incentives that they believe the plan provides to bring capital back from overseas to the u.s. by incentives such as repatriation treatment and also more favorable treatment of capital investment, which is so crucial to this group ....
snap has beaten up the social media stock. scott devitt is injoing us by phone. welcome back. thank you for having me. this is a heavy call. people expected the stock to move lower why today with this move the lock-up expiration i think is more and more internet cops have become public over the past five, six, seven years. investors have become more educated on timing and pricing in the incremental supply and snap has been responding to the upcoming lock-up expiration for some time now. but it s important to note that it s not just about the lock-up operation. there has to be a fundamental story behind the stock and we re more favorable right now. people are growing more conscious at a time when you seem to be growing more optimistic based on what metric we track things at downloads and engagement which is disclosed by the company and our view is that the narrative that s been created by instagram, facebook messenger continuing to add core features and functio ....
record-highs. goldman, nike, cat, chevron, jp, having the most impact today. president trump came out, talked about that we ll have a tax plan in two or three weeks. that will be good to see. and here s what you have to say about president trump. he s lived up to everything he has said. i think there s been a major turn in that he could have gone after the chinese, but he didn t. so he sent a letter, and so then that gives, i would say, some respect for in terms of how he s dealt with his counterparts. you think that s in part for the gain today, along with his comment he s going to get to taxes in a couple of weeks. he s going to have something on taxes in a couple weeks. yeah, i think we re on the same show. i just said that, right? he s going to do taxes. let s listen to it. we re going to be announcing something i would say over the next two or three weeks that will be phenomenal in terms of tax. yeah, so it s going to be half the things you say go i ....
of strength following the best two-week run in nearly three years. apple reportedly set to hold an investor call today ahead of a potential bond sale that could be priced in euros for the first time. and two big deals. we ll get more details on that. but we begin november after a halloween rally which saw the dow and s&p set some record closing highs each with gains of more than 2% for october. the nasdaq outperforming them up 3% and this week more earnings reports, midterm elections tomorrow and big october jobs report comes up on friday. really, jim, getting through october some consider a success. it s the biggest mid month comeback for stocks since 09. you had a couple of things. you had people betting that ebola was going to become a very big issue because people felt that the late mr. duncan was going to make it so that there were multiple infections. there were a lot of people who were shorting restaurants, retail, theme parks, airlines. turns out that non ....
loss for july. down in two of the last three months. it s been worse for technology stocks. the nasdaq is heading towards biggest monthly drop since april. if you check out the futures this morning and take a look at was been happening, you ll see there are green arrows on this last trading day. the nasdaq up by close to 50 dow jones up by 50 and s&p up by 6. in corporate related news out of china, the country giving the green light to apple iphone 6 after beijing addressed security concerns. the iphone 6 will go on sale in china on october 17th. apple did promise the smartphones don t have any back doors for security that could led u.s. agencies access data for users. the european union slamming apple today, saying its tax deals in ireland broke rules. apple will have about a month to comment. apple is one of those good names. it s up nearly 8% this quarter. after all of those concerns people had right after the phone came out, about bendgate or whatever we were ca ....