Worth of wine a year. Record after record in till no pullback for stocks. In fact, the dow may move up a little when trading begins today. All the indicators at or near record highs. Investors ignoring politics, focusing instead on the growing economy and growing corporate profits. Dfm process, money talks on espn jemele hill told her fans to boycott advertisers, corporate disney. She suspended two weeks. Call the president a white supremacist and nothing happens. If you go after ad revenue and she did, youve got trouble. Joe namath coming up on that story next. The threehour shifts ahead. Varney company about to begin. Tree and to write to this big in developing story. Dudley fires in California Wine country. Look at that. Hillary von on the phone with us from napa with the impact on the Wine Industry. Tell us please, hillary. Stuart, californias wildfires have cost the state an estimated 2 billion with the expensive wildfire season on record. This fire ripped through californias valu
Weaker looking at europe this morning, the early trading taking place, at least at this hour things are flat there the dax is slightly higher, the cac and ftse are slightly lower. Spain up by a tenth of a percentage point crude oil prices were up yesterday to a twoweek high, up at 51. 87 this morning those gains continue with wti for november delivery up by 21 cents to 52. 08. Wow dow component United Health is reporting. Stock has been on a tear for years, right in fact, the stock getting close to a new high, 1 186 billion market cap, almost 1 187 billion market cap reporting 266 a share. Thats tencents above expectation. For the year, they see 2017 adjusted net at 10. Medical loss rates, they call it Something Different now. They call it medical care ratio, 81. 4 thats like the inverse of profit margin. Revenue, 50. 32 billion you cant necessarily compare apples to apples, i like the earnings per share or the earnings increase. 26 . 26 earnings increase. That is what do you do with t
The lowest level since the end of april in the stocks. Led down by technology companies. ,overeign bond yields are your final two columns. Sterling fell by 1. 6 , which boosted the ftse 100, the more domesticcentric. All three indices are falling ponder thevestors a, primary search recent may, and b, of a, Prime Minister theresa may, and b, the path of brexit. They need to pay a premium of roughly 105 basis points. On friday, the premium reached as wide as 194 basis points before closing at 130. Sterling is lower. Option traders are less bearish. This is certainly one of the chart of the day. 9292. Ptimism plunging a survey of Business Leaders showed 67 pessimistic about the prospects of britains economy. 43 of executives were voting for when brexit. 92 were worried about the makeup of the government and the impact on the economy. They were most worried about the ability to secure a trade deal with the e. U. How are Tech Companies faring now . Julie still selling off, but it is abating
Our road map begins with ge, immelt is set to retire this summer the tech stocks are on track to tumble apple under pressure missolo downgrades apple first up, jeff immelt is resigning as the Ceo John Flannery will take over we have talked about immelt and ges trouble just trying to keep pace with the dow. Really since his tenure began. Its the worst performer in the dow since he came in apple hes down 31 some people can always argue at that moment that he came in it was a high water mark. Others have said, listen, he did cut the dividend, but many who cut the dividend i think thats whats happened when you compare him to a honeywell, when you compare him to david cote, even to greg hayes at united technology, difficult to compare very difficult to compare. Meaning immelt does not meet their standard its empirical. Im not saying listen, i know the guys, i know them pretty well, and they were able to reshuffle the portfolios in ways that generated a much better return honeywell did a muc
News briefing any minute from now where we expect he is going to field questions on health care, tax reform and of course you can bet russia. All of this as the white house getting ready to make its made in America Campaign start to sing. So will this help the president s progrowth agenda . Will it get back on track . Were talking to the ceo of cke or former ceo of kke restaurants andy puzder. I want to go to our own adam shapiro for the latest on health care. We know senator mccain getting surgery in arizona, his absence is delaying this vote but is there any eta, adam, at this point when they might take it given it is looking dicey whether they got the amount they need . Reporter dicey but not out of the ballpark, trish. There is no eta on a potential vote. We do expect we could see the cbo score as early as tomorrow. The question do they have enough votes even if senator mccain is able to return in a week or two weeks is still up in the air. We know there is an intense lobbying effo