Hours time, lets get a check on where stocks are trading with taylor riggs. We were having some technical difficulties. Taylor we will blame it on record highs. Lets take a look at the dow of almost 200 points, 20 , a record on the dow on friday was at 23. By 2575, nonetheless of broadbased again. The nasdaq up about. 3 . Lets talk about that. If you things i want to mention. Mazon is not is aup. Apple is rushing that off. Are getting an update from jpmorgan, 1180 is a number were looking at for here. Come into my terminal. Btv 10. You are seeing an uptick here, about. 8 on some of these things. Days ofr five straight the biggest losses weve seen so far this year. A lot of the things are making full recoveries as we head into earnings on thursday. Julia lets move on. Ofs week, no shortage catalysts for investors. Tax reform, President Donald Trump spoke about the impending legislation. President trump tax cuts will restore americas Competitive Edge and lower the crushing tax burden on
Republicans, he needs just 50 votes to get tax cuts on the books. He will deliver peptalk and maybe a threat if you cant get it done, the gop loses next year, now, thats a powerful threat. Any positive news on tax cuts would surely help stock market some more. As we have said so often, sit back and watch history unfold, this is a stock market rally for the ages. Varney company is about to begin. Stuart well, let me show you this again, ladies and gentlemen, look at the futures market. Indication of how we are going to open at 9 30 this morning. We will be up. We will hit record highs all across the board. There are four dow components which have already reported their financials this morning, 3m, caterpillar, mcdonalds and United Technologies. They are going to be up 6 and a half percent and mcdonalds stocks up a little. All straight up. Now here is another one for you, Fiat Chrysler and General Motors, standout is general matters, it made 2. 1 billion profit just in north america and
Europe at the start of the trading day, interesting moves following the record highs from the us on friday. Spinning a profit out of silk. Well speak to the Company Creating sythetic spider threads to make stronger and more sustainable fabrics. In china, we want to know, do you still use a camera . Or is it all about taking snaps with your smartphone . Just use bbcbizlive. Photos and a smartphone . You would never catch me taking a selfie hello and welcome to business live. Janet yellen is currently the worlds most powerful central banker, but her days could be numbered. Thats because us President Donald Trump says he will tell us this week who he wants to be the chair of the Federal Reserve come february. Whoever gets the job will have a huge influence on the worlds biggest economy, and therefore the rest of the world too. And they will also be vital to mr trumps plans for the us economy. Ms yellen could get another four year term but seems likely to be replaced, so who are the front
It if there were some warning signs then morally facebook probably should have acted and then again facebook is probably not alone there was this issue of Companies Like google and their you tube channel for example and also twitter have to deal with a very similar problem with this problem problematic situation will get let me pick up on the legalities of this is we find out what was paid for the ads how many thousands there were and how many millions of americans they reached what we see stricter advertising rules for social media companies. Well i mean what we will probably see is that is the big question if we will see that or not if there will be legal steps taken how facebook and the likes of to deal with those issues in the future there was one senator actually saying that hes hoping that the companies will take the right steps so that the legal side does not have to step in and we shouldnt forget the new administration is not necessarily known for being very keen on bringing up
The u. S. House Intelligence Committee is investigating russian interference in the twenty sixteen president ial poll its released a trove of facebook ads linked to a Russian Internet Agency Representatives from Facebook Twitter and alphabet have been testifying at back to back hearings in both the congress and senate with facebook being the first to announce it had evidence of russian meddling on social media lawmakers have slammed the companies for failing to rein in russian use of their sites to manipulate the american political process when it comes to extra security costs facebooks Third Quarter profits soared to four point seven one billion dollars. Lets get to yes quarter standing by the New York Stock Exchange on this one even Facebook Says russias influence was reprehensible yes shouldnt these companies have been hindering outside interference of any sort. Legally probably not morally probably yes i mean this whole situation is a rather new and we didnt have to deal with probl