Least key sectors, and some Technology Issues taking it briefly at this time yesterday on the chin. Coming back a little bit. We have Charlie Gasparino here, we pot Connell Mcshane here, and the wall street journals shelley holiday. Shelby, it is more than a drip, drip, drip, but steady flow of companies doing this sort of thing and they all peg what is happening out there directly or indirectly that without these tax cuts they wouldnt be doing what theyre doing. What do you think of that. They do have more cash but they can do this the labor market is tightening. Theyre underpressure to boost wages. Treat employees better. Do the top talent. It is a winwin with businesses an trump administration. Yeah their tax bills are a lot lower. Businesses like to be in the president s good graces. This is easy winwin. Neil one of the interesting things looking back and forth how unexpected for a lost workers at companies, when they hear about it, i saw one story where home depot worker was, hadn
Macro data, the president at the g7. Europes on pace for a down day. Ten year, 2. 23. Durables are down for first time in four months. And oil still below 49. Our road map begins with quote very, very bad. The president s comments on germany and trade are in the spotlight. Plus amazon is near 1,000 a share. Will that run continue . And the surprise gdp revision, higher for the First Quarter. First up though the germans are bad, very bad, thats the what the president reportedly said in brussels. According to the german publication der spiegel. He voiced displeasure over the trade surplus. See the millions of cars theyre selling to the u. S. , terrible. We will stop this. A lot of discussion about what was lost in translation with the germans. Gary cohn trying to clarify what the president meant on russian sanctions, but not the first time that he has been critical of the trade and german out makers as well. Cohn said he was saying that the automakers are very, very bad. Not germany, the
It would take more than a modest show of economic strength for them to begin taking their foot off that gas pedal. Weve got names set before the bell. Those include at t, boeing, bristol myers, and a few other stocks to watch. Put this in the Bad News Bears reporting. Revenue falling short, though, and the Company Announcing plans to cut 5 of its work force and close 20 plants, part of a Restructuring Program aimed at countering the slowing Global Economy. Andrew liveris will be joining at 6 30. Facebook reporting after the bell. Shares rising on that news. Up now 22. 14. Zinga is laying off 5 of its fulltime work force. Ynga is la fulltime work force. Zynga reporting after the bell today. Well keep an eye on those shares. Shares at s. A. P. Getting a boost in early european trading. The German Software company is posting better than expected earnings. And says it plans to grow its market share. One of the companys coceos is going to be joining us at 6 00 p. M. Eastern. Joseph . You me
The heck happened. Hi, neil. Yeah, that video from a dinner with President Trump. It was a whos who of Business Leaders from all across europe that the president dined with tonight. For example, he sat down with the leaders of adidas, volvo, beyer, nokia. Earlier today, Steve Mnuchin said they feel they have a Success Story to sell to the world. A new tax plan in the u. S. And they Want Companies to come in and invest. So at that dinner with those Business Leaders, the president echoed the need to keep selling u. S. Growth. I think also being a cheerleader for our country. If youre not a cheerleader for your company or your country, no matter what happens, its not going to work. That dinner lasted more than an hour or so. The president is back at his hotel in davos. Tomorrow he will give the big speech at 8 00 p. M. On the east coast, 2 00 east concern before the World Economic forum. When the president is speaking to the group and to the world, you can expect him to pitch the American
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