To record high. This morning futures are looking like this. Markets expect today continue to gains with another higher opening at the start of trading, dow industrials expected to be up about 20 minutes, nasdaq also strong today a third of a percent. 32 points higher for the nasdaq. Cac quarante best performer. In asia overnight, gain as cross the board on top of record rally on wall street. Hang seng index best performer up better than 1 . Earthquake strikes near north korea, pentagon says its not as a result of nuclear test. Amazon looks to take another industry, this time real estate. Details on the new report that sent zillow shares to the basement. A new eye to prevent overbooked flights. We have the story as well after turmoil at united all year. All the stories and joining me to talk about it Fox Business Network Dagen Mcdowell, back, former Goldman Sachs partner and Peter Kiernan and andrew peek, good to have you here. Thanks so much. Maria good morning, everybody. I missed you
With a potential warning despite all time highs bank stocks kick iing off earnis season this morning. Jpmorgan, citigroup, well fargo pnc all in the red as the rest of the market rallied to record highs. Next week, netflix, qualcomm, united health, johnson and johnen, just a that are reporting. Are the banks sending the rest of the market a warning and is this about to look like selling season zm guy . I dont think so yet. Jpmorgans quarter wasnt great, but it wasnt a disaster if youre bearish in jpmorgan, it gave you ammo the reason why in my opinion, it didnt rally and didnt solve that hard is pause all along, weve talked about the metric to lock out with the banks. To me, its priced a tangible boat jpmorgan, tangible book 53. 5 dollar, so its trading close to 1. 8 times tangible book, which is where we thought the banks would top out. Some other banks are not close citi being the biggest example, so, although jpmorgan was disappointing price action wise, i dont think youre going to
They are missing the point. Microsoft has just confirmed that American Technology rules. The big five have the ideas, the profit and the growth. And, you know, that might be a problem for one of the big five, amazon. There are report that is the government is checking their prices. Are they really discounting . Thats a small scale investigation, but it may be the start of a pushback to the extraordinary power that amazon has acquired. In a moment, the full story on tech and the presidency on brink of a big win or a big fail. The friday edition of Varney Company can is about to begin. Stuart oh, look at the futures. Were down 50 points at the opening bell, 28 and a half minutes from now. Well check that market when it opens. Oh, dear. I told you a moment ago that microsoft reported stellar profits, and so they did. But the stock price is slipping a little after a big runup when the results were first announced. Profit doubled the, the Cloud Business took off, and were going to try to fi
This is a little maybe maybe just a little bit off topic, but i want to run it by you anyway is the president aware probably good if we mix it up a little bit. Is the president aware of the story of the i. T. Staff of congressional staffer who most recently worked for florida congresswoman Debbie Wasserman schultz who was recently arrested attempting to leave the country, though he shade he was not trying to flee the country is the president aware of that particular circumstance, and is he satisfied with the pace of the investigation . I havent had a conversation with him specifically about that, but i do think it is something that we should fully look into, and there should be a thorough investigation on that kristen. Since we only have one question, im going to ask you about the boy scouts. Make it count. The chief wrote this to family members who were at the president s events earlier this event are. I want to extend my sincere apologies for those who are scouting families offend by
Amazon, intel and starbucks just three of the big names reporting in the last few moments and we have a full team covering all of that she is on deck to monitor the amazon call that starts in 30 minutes. Josh lipton in San Francisco listening to the intel call and suzanne lee back at headquaters on the starbucks call. Well check in with everyone at the hour well start with amazon. The last of the faang stocks to report earnings. Sinking after missing estimates by more than a buck. The stock is still up 36 this year so did amazon simply run too far too fast and do you buy the dip or is this the start of a bigger sell off . It would be disingenuous to say i saw this coming because i didnt across the board we were bullish on amazon and i remain so but the biggest story is not the epa miss, revenue beat, guidance for the next quarter, revenue is ahead of schedule. What disappointed me and disappointed the street though is operating margins came in about half of what the street is expecting