taking a look at stocks today, maybe people are reacting to earnings. olivia: we have seen better-than-expected corporate earnings. a couple of pharma companies, ford, ofrd course. a little disappointment on the top line, but financial engineering boosting the bottom line. things have called down a little calm to down a little bit. we see some movement in the british pound, gaining against the euro, the biggest move in about two weeks after british gdp gaming out came out, showing the economy grew 0.7% in the second quarter. it is the 10th straight quarter of actual growth for the british economy. markets are pricing in a rate hike in england in about may. beat mark carney may have janet yellen to the punch. olivia: they think they want to do it until next may. our funds are pricing them in for september. but the story was that carney could be the first to raise rates. how times have changed. top headlines home prices in 20 big cities rose at a slower pace in may. w
48. road map begins with global head winds. u.s. futures taking a hit as china s market turmoil continues. seeing a little relief so far today and now investors turn their eye to the fed whose meeting kicks off. big names this morning include ford, dupont, and ups. merck reporting some mixed results this morning. first up futures rising as the s&p looks to avoid its first six-session losing streak in three years. another decline in china. shanghai down after an 8.5% slide. jim, you tweeted this morning the government took out some bad longs in china overnight. what does that mean? i m watch where the government is playing this and believe me the government is the natural buyer in this situation. they get the market come in bad. then they let the market drop about 4% and futures were down. then they just jammed it up plus one. then the sellers came in and they stabilized it. it s kind of a victory for the bulls because it didn t close down. a typical collection and now t
november. the road map begins with the trump effect. gm, walmart and now hyundai announcing big investments in u.s. jobs. but with four days until inauguration, could the president-elect and gop be at odds over the fade of corporate tax reform? plus, in a deal creating the world s largest publicly traded tobacco business, british american tobacco buys what it doesn t more oalready own. we ll be joined by reynolds executive later. the chinese president drawing a line on trade with donald trump. we ll go live to the economic forum where squawk has been in davos. first up, the president-elect telling the wall street journal a border adjustment measure in the house gop corporate tax plan is too complicated. the republicans pitched their plan plan. more companies reacting to the president-elect s push for more jobs in the u.s. walmart adding more jobs this year. gm planning 1 million $1 billio investment. hyundai the same with $3 billion. it points to what the markets have
you can see kind of a mixed bag. didn t give me italy or spain, normally i get italy or spain when i m on the desk here. there s germany, france and the ftse of course which is the only one in the green. ten-year note yield, there it is. 1.738 is where we stand. crude of course had the nice move and helped some of those oil related energy related companies of late. let s call it down a little bit as you see but still above 50. our road map this morning starts with microsoft shares. they are set to hit an all-time high after strong earnings on a quarter that was boosted by what they are doing in the cloud. we re going to dig into a report with jim. shares of tobacco maker reynolds soaring on news that british american tobacco offering to buy what it doesn t already own in the company for about $47 billion. i ve got a lot of details on this one. you ll want to stay tuned. we ll share them with you. and shares of mcdonald s moving higher. we ll break down the quarter and t
crude that was the story yesterday. look at that. you were just at 50. we were just pushing 50. you saw the latest case-shiller home prices, they were just released at the bottom of the screen. san francisco, denver, portland have the biggest home price gains. let s get to our road map this morning. earnings, earnings, earnings. alibaba higher in premarket after profits and revenue beat expectations. yahoo! goes up when alibaba goes up. mixed results in from dupont, ford and u.p.s. the cfos of u.p.s. will be up later in the show to give us more insight. pfizer, merck, bristol-myers all beating consensus and boosting full-year guidance. take a closer look at pfizer. those were particularly good numbers. let s start off with alibaba, up sharply in premarket. posting better than third quarter results. revenue up 32%. strong growth across the board, particularly in mobile. yahoo! owns stake in alibaba, it will be putting that in a separate company, hence it goes up, almost as m