While some investors like it when activists come in to shake up public companies, weve got someone who says theyre ruining corporate america. Hell make his case coming up. And the new years going to bring new business in california that would be legalized Recreational Marijuana what took them so long im surprised its taken california this long. You moving back no, i go visit family once in a while, though. Were going to introduce you to the First Company to be licensed to sell in california coming up. Lets get straight, though, to the confusion thats for sure. The confusion surrounding the tax bill as americans continue to line up to prepay their property taxes before the new rules kick in in the new year. The irs did release that memo late yesterday in an attempt to clarify who exactly can take advantage of the prepayment. But there are still plenty of questions. So we sent our guy, eric chemi, out, to look into this he joins us now from a hightax town in new yorks Westchester County
Quarter. The company also cutting its forecast josh, you were in this stock a long time ago. Youve since been out. What do you make of the quarter and whats happened with the stock . So, im not getting back in but i would tell you if youre looking to sell, make you already had that opportunity, im watching the canned. I want to see how she goes out, because when you have a stock thats down almost 10 premarket and it gains back as much as it has in that day, psychologically youre just thinking like anyone that want to be out of this thing may have already gotten out maybe we saw the worst of the news that we expect to see all year this. Stock has been downtrending into the news its not like its a shock, and i think the reaction is more important than the anticipation. Did you miss your best chance to get in . I dont feel like theres any rush, but its just like do you want to put shorts on now that all of the bad news is now they kitchensinked it and it was worse than expectations but if
Power lunch starts right now and welcome to power lunch, im Michelle Carusocabrera despite ges drag, although were watching to see if it goes positive, major averages are hitting record highs again dow, s p 500 on track for their sixth straight week of gains check out some of the movers the Home Builders are higher, the etf that tracks them, itb, trading at a more than tenyear high on pace for its eighth consecutive weekly gain. P mp p g down 8 . Paypal rallying on its earnings beat brian . Thank you very much big day for the markets, big day for the markets really they say everything is bigger in texas including todays power lunch because guess what, were back in houston and with the billion dollar buyer, himself, hanging out with his new toeam, the houston rockets. 2 billion buyer of the rockets. Going to join us for the next couple hours we have great guests we got the mayor on, might get a visit from cp iii and james harden, and the man many consider to be the best Hedge Fund Trade
Yes. We havent run this business well those straight answers from General Electric ceo helping a big stock turnaround today welcome to the closing bell, everybody, im kelly evans at the new York Stock Exchange. Clearly a new sheriff is in town, that is for sure im Bill Griffeth. Well have more of that interview with the brand new chairman and ce o of ge, John Flannery and an analyst who says we could be approaching a bottom for the stock. It was down, what was it 8 this morning after those earnings. Down a huge amount. Started coming back. Then especially when davids interview was going on there live on cnbc, stock really did come back at that point. G, e shares now positive theres the Home Builders up more than 1 theres a new emerging trend among millennial home buyers that could prove to be a little bit of a risk to this market, would you say . Wouldnt you think . Well ask bill if hed do Something Like this for his kids anyway. Lets start with todays big rally, up 131 points on the d
Eyeopener, your world in 90 seconds. Captioning funded by cbs this is a real atthre, whether we want to talk about it or not. North a koreis a big world problem, and its a problem that we have to finally solve. President trump pressures north korea as tensions rise. Military option is the absolutely next to worst Case Scenario. The worst Case Scenario would be north korea mayor egit to an icbm. Is there any situation where you would vote for a bill that would vote for a border wall. No, becauses it a waste of taxpayer money. Isnt mexico going to pay for the wall in. Initially the president said we needed to get the funding going. Arkansas has become the first state in a yore to carry out a double execution. A good step for justice. No reports of anyone being seriously injured after a powerful earthquake struck off the coast of chile. This is reaho ise potential for flash flooding expected in the southeast. This water is so close to where these people live. Elton john cancelled all of h