Here the shares are down 8 right now. Thats not even the biggest point decliner in the dow. Which goes back to how low its share prices got. Exactly. At this hour the Senate Finance committee is beginning to mark up its tax reform bill well tell you whats at stake there and what could be the most contentious issues between the house and senate. Meanwhile, amazon is reportedly considering a freemium option for prime video. Wel n will netflix make a similar move lets get to our top story today, the big decline in ge shares Morgan Brennan has all the ugly details for us morgan reporter hey, bill, yeah, so ge cutting its dividend in half. Its only the third time since 1899 its cut that payout, this is the first time its done it notscenario. Thats only part of the story here big part of why these shares are falling 8 is the updated guidance new eps numbers for 2018 expected to be 1 to 1. 07 a share, reduced by half since the previous target and lower than consensus estimate 6 billion to 7 b
Close in about two hours, to get a check on whats leading equity. Julie holland technology down, now its leading on the way up. Mitigating earlier advance, but nonetheless really climbing today, bouncing back from the kleins that we had seen as of late for tech stocks. That said, the dow and the s p are making new records today. Not the nasdaq, it still has too far to climb back. But Something Interesting has been going on over the past week as technology has been battered and come back. Chart look at the one we of a five day return you are seeing financials and tech neck and neck after first being pulled back. It has been bouncing quite a bit. If you look at the banks today, we have got tech names, like apple and facebook, going higher , but also these guys contributing quite a bit to the gains we are seeing in stocks the big regional banks trading higher today, it has to do with whats going on in the market area the 10 year yield is higher in todays session, which has been fueling th
Close in about two hours, to get a check on whats leading equity. Julie holland technology down, now its leading on the way up. Mitigating earlier advance, but nonetheless really climbing today, bouncing back from the kleins that we had seen as of late for tech stocks. That said, the dow and the s p are making new records today. Not the nasdaq, it still has too far to climb back. But Something Interesting has been going on over the past week as technology has been battered and come back. Chart look at the one we of a five day return you are seeing financials and tech neck and neck after first being pulled back. It has been bouncing quite a bit. If you look at the banks today, we have got tech names, like apple and facebook, going higher , but also these guys contributing quite a bit to the gains we are seeing in stocks the big regional banks trading higher today, it has to do with whats going on in the market area the 10 year yield is higher in todays session, which has been fueling th
Close in about two hours, to get a check on whats leading equity. Julie holland technology down, now its leading on the way up. Mitigating earlier advance, but nonetheless really climbing today, bouncing back from the kleins that we had seen as of late for tech stocks. That said, the dow and the s p are making new records today. Not the nasdaq, it still has too far to climb back. But Something Interesting has been going on over the past week as technology has been battered and come back. Chart look at the one we of a five day return you are seeing financials and tech neck and neck after first being pulled back. It has been bouncing quite a bit. If you look at the banks today, we have got tech names, like apple and facebook, going higher , but also these guys contributing quite a bit to the gains we are seeing in stocks the big regional banks trading higher today, it has to do with whats going on in the market area the 10 year yield is higher in todays session, which has been fueling th
Replace obamacare. Hospital stocks are leading the way, but insurers are outperforming the market and drugmakers, too, have been going up well have much more on the proposal and the impact on various stocks thats coming up in just a few moments here. Molina health care is one insurer really profiting from obamacare. How will the bill affectmanage cops like molina well have the ceo weigh in. And were pleased to welcome Goldman Sachs new president and chief executive officer Harvey Schwartz who is with us here at the New York Stock Exchange. Well talk with him exclusively about financial reform, the latest round of the stress tests which, by the way, are coming out a little more than an hour from now a lot to talk with harvey coming up in a little bit here. Lets begin though with the Health Care Stocks rising after Senate Republicans released their discussion draft of the bill Kayla Tausche joins us from washington with some key takeaways. Kayla. The discussion draft is seen as an openin