Dow fell about 150 points as President Trump says this morning theres no trade deal with china just yet. Shares of p g, Procter Gamble, up 4 after its Earnings Report. This is a record high for this stock. Well have much hoar on that later on thank you very much with the dow just above 27,000, the president this morning saying we would be 10,000 points higher at 37,000 on the dow if not for the feds actions. So with 24 hours to go until the fed decision, we know the president would give jay powell an f for his performance as fed chair, but how did chair powell do in the cnbc fed survey . Mr. Liesman knows. Steve. Yeah, im not doing the grading. Our panelists. About 40 or so economists and fund mangers in the survey, giving powell a bminus. You can see how this compares with the final grade of yellen, a bplus, and bernanke at a straight b and you know what, powell had to navigate hikingerates and then going to hold and then going to what looks like a cutting modality here, mode for the
John fortt is live in las vegas at this years Consumer Electronics show so much news coming from ces today, bringing us to faang stocks joining us this morning to talk about it, btigs managing director, andy hargreaves, Senior Research analyst. Good morning to you both on ces, so many of these names are presenting this week, are having workshops for developers, and unveiling ostensibly technologies that are going to drive earnings higher. How much of a catalyst is ces this week . Theres always something that becomes the theme of the show, but it doesnt always necessarily translate into a lot of revenue and Earnings Growth we talked about Artificial Intelligence and the goggles that people were wearing a couple of years ago for virtual reality, excuse me, and didnt really materialize in anything that significant for these companies. So its fun to see new products and hear a lot of the teams update investors to start the year off, but i wouldnt get too overboard on it impacting 2018 or g
February. The post requires confirmation by the u. S. Senate, and that takes months. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am alisa parenti. This is bloomberg. Emily i am emily chang and this is Bloomberg Technology. Its 22nd quarter of declining revenue. But there are great spots in the picture. The breakdown todays earnings report. The inside track on Travis Kalanicks future and ubers dump the year. My exclusive interview with Arianna Huffington here at the tech conference in laguna beach, california. Vte double down in the race to launch americas first smartphonetablet buy in. We discuss strategy and the Technology Behind the multiple smartphones. Strong earnings report. Ibm sales beat estimates, sending shares higher in u. S. Trading. The tech giants positive results lifted by growth from software projects products. Joining us, forrester Vice President , andrew bartels. The 22nd quarter of revenue decline in a r
Welcome to power lunch. Stocks are moving lower but the dow, s p and nasdaq did manage to hit new highs in the session. First, the losers, blue apron taking nearly 20 at record lows they say the new Fulfillment Center in new jersey is eating away at profits. Trip adviser is down by about 20 on the revenue miss. Red robin, can you say indigestion. That stock is down 30 they are missing the mark and slashing their profit forecast the double digit winners, valiant pharmaceuticals earn more than 15 . Weight watchers is up 17 . The company beating on the top and bottom line says it is testing a Meal Delivery service. Oprah smiling today. She is up over 600 on her investment in wtw, wow if you are wearing a blue apron at red robin, you have a problem. Down about 40 im Tyler Mathisen here is whats happening after a threemonthlong battle, bill ackman loses his bid for three seats on the board of adp. Home prices rose 7 . 48 of the nations top 50 housing markets are now considered overvalued. A
Folsom. james and im James Fletcher. Lets start the morning with a check of weather and traffic. Major hot spotsan mateo bridge drive is 88 min from 880 to 101 due to an earlier crash. Take wb 84 instead anny hong dry and seasonable weather today into tuesday. Some cooling starts by wednesday ahead of the next weather system. On thursday a late season cold front will likely bring some light rain to the north bay down to around the golden gate. Lingering showers and cool on friday. Dry with a warming trend next weekend. james breaking news were following this morning. Orlando police say at least 5 people are dead after a shooting at a business park. This is video of the scene. According to local media. One of the dead is the shooter. The fbi is now on scene to assist with the investigation. Local media is also saying this is not being investigated as an act of terror. We will continue to follow the story and bring you updates as they become available. james our top story this morning. M