Cheryl that will wake you up, 5 00 this morning in new york. Ashley good morning. Cheryl welcome to fbn a. M. Good morning, im cheryl casone. Ashley im ashley webster. Cheryl the markets are looking good right now. We have green arrows across the board. We are waiting for earnings from kroger, tiffany, express. The nasdaq is up 22 andahalf right now. Ashley whats been going on in asia overnight while youve been sleeping, most of the asian markets moving higher. The only fly in the oin the oin. Cheryl the dax is a little lower. Just went up by a quarter point. Democrats say theyre all in on impeachment following a marathon day of testimony on capitol hill. Four law scholars went head to head over what constitutes he removing a president from office. Ashley Hillary Vaughn has details. Reporter three law professors invited by the democrats to join the House Judiciary Committee to give their take on the constitutional grounds for impeachment say the information inside the Intelligence Comm
Yesterday. Big seller, big buyer, big seller, big buyer. Really kind of crazy but there we are more or less back to where we were a couple days ago before some of the recent volatility, of course well get to why things have calmed down a bit. Lets get to our road map. It starts with that pause in volatility stocks pointing to a higher open youve seen of course the bond yields are stabilizing a key downgrade this morning shares of kcaterpillar lower wih concerns about the trade war with china and some earnings bright spots lyft and roku both surging ahead of the bell. Well also get to other names as well lets begin with the markets futures, as you saw, pointing to a higher opening on wall street, this following the s ps biggest intraday come back of the year global bond yields are stabilizing. Investors digesting better than expected trade data that came out of china in terms of exports there. An escalation in trade tensions between the u. S. And china has accentuated fears in recent da
Laser focus on washington today as President Trump gears up for his first address to a joint session to congress tonight. What you can expect from the big speech straight ahead. Im melissa lee. The battle for your trades. Fidelity cutting fees. Take a snapshot of that, schwab, etrade, tdameritrade firmly in the red this hour. What every investor wants to see, exclusive of the ceo of target. Courtney reagan is live with Brian Cornell in new york city. Courtney . Hi there, brian. Thank you very much. Thats right, target just wrapped up its 2017 financial meeting. Im here with ceo Brian Cornell thank you so much for joining us. Your stock price is down 13 . Worst day in 18 years. Do you have a confidence problem with wall street . Courtney, were really confident about the direction were setting. Today was about taking our shareholders through the new direction of the company. The investments were going to make, both from an operating margin standpoint but importantly from a capital standp
Up by over half a percentage point. Lets tell you about the top three stories that were focused on this morning. They all about regulation. The top one, pfizer and allergan will be mutually terminating that 160 billion transaction following the new inversion rule changes. Sources tell cnbc that pfizer will pay allergan a 400 million breakup fee as per that tieup agreement. Both companies believe the treasury overstep the bounds of its Regulatory Authority. Sources say neither drug maker wanted to risk launching litigation against the government. President obama weighing in on the Treasury Departments new steps to stop corporate inversions. Ive been pushing for years to eliminate some of the injustices in our tax system, so im very pleased that the Treasury Department has taken new action to prevent more corporations from taking advantage of one of the most insidious tax loopholes out there and fleeing the country just to get out of paying their taxes. The president called on congress t
This partnership has been reaffirmed during the visit of his majesty, the king, to washington last november. The morocco freetrade agreem t agreements which entered into force in 2006 eliminated taxes on 95 of trade customer and industrial goods between the two countries. This ft 8 has provided both country with great opportunity of trade and investment. For us, the u. S. Is the Third Largest trading partner of morocco, with more than 7 of its total trade. Today we have 300 u. S. Company that have established their presence in morocco and are now benefitting from this great business environment. Let me now mention few strategic sectors that have been booming in the past years in morocco. First, we have the moroccan Aerospace Cluster that is becoming among the most competitive manufacturers based in the world, with more than 100 References Companies established in less than ten years and is employing to date in morocco more than 10,000 people. Companies such as wing, alcoa, ge, have cho