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Wall street watching washington today. Stocks set for a lower open. Google, the banker. The search giant reportedly planning to offer Checking Accounts next year and nikes amazon challenge, the sports wear retailer set to stop selling its clothes and shoes directly to the ecommerce giant. Wall streets going to pay close attention to events on capitol hilld chair powell will testify before the joint Economic Committee of congress and the nation will hear public testimony from house impeachment witnesses for the first time the inquiry surrounding the president s actions toward ukraine, for our purposes, jim, well see what powell says first as we expect him to say the economy is in a good place. Yesterday was a punitive moment with President Trump calling for negative rates and i think that a lot of what lets just ca ....
Stocks testing critical levels durab durables, though, were fought good ten year 176 our road map begins with twitter. Tanking as you know. Tesla up big two big movers on this busiest day of the season. Amazon and intel report tonight. Plus the 737 maxes are taking a big hit. The ceo will join us first on cnbc. Beyond bearish bets mount ahead of the companys lock expiration and 3q results. So lets start with two big movers in tech tesla is surging after surprising a quarterly product delivery and cost cuts they expect to deliver more than 360,000 teex e vehicles th vehicles this year ted segal, on a weak revenue guide, despit daus that beat consensus up 17 the buck in the ad product, jim, that kept them from basically getting good data to share with their ad partners, took 3 points off the growth. Very self inticketed wound. Ned segal comes to realize as a cfo the spokesperson for the firm, you know, i come back and i say, look, it is still a must buy if you want to introduce the joker ....
We will have the details. Ticket pact. Several Car Companies band together with california to reduce emissions, even after efforts to ease restrictions on carmakers. President trump calls the action illegal and now the Justice Department is investigating. But first over top story. I think trade war escalates, the job market decelerates, or so the u. S. Jobs reports indicates. Jobs came in at 130,000, below what was expected. Despite those numbers, President Trumps top Economic Advisor tells uber he believes in the strength of the u. S. Tech sector. Larry we are the world leader in technology, innovation, application, and new business startups. We are the world leader. Technology. Technology is our family jewel, and we must protect america on that. That is the ....
Interested forecasts ibm is betting on 5g growth and the cloud, it has a tieup with at t that is talking exclusively with jim about he got both. And president ial pressure trump saying his administration will take a look at accusations from tech investor peter thiel that google coordinated with the Chinese Government so some mixed reaction out on bank earnings. Jpmorgan chase, Goldman Sachs, wells fargo. Guys, obvious lly the reason th stock is down they lowered their nim forecast by 500 million. Sometimes you look at a quarter and you say, please, please, give me a highlight. Look, the efficiency ratio was good but when i look at what the other banks have done, i understand that jpmorgan is good, just not shoot the lights out. I dont think when i look line by line, look, you got some good numbers here you have the Co ....
At the Capital Exchange event this morning making a ton of news. Closing the deal. Ibms 34 billion acquisition of red hat has closed both ceos will be with us in just a moment. As we said, pepsi beats the street, strong snack and beverage sales backs the 2019 forecast Hugh Johnston will join us straight ahead. Futures lower ahead of tomorrows capitol hill testimony by fed chair powell. Moments ago at the Capital Exchange event in washington, larry kudlow offered his views on the fed to our kelly evans. Take a listen. Price signals suggest as they have all year going back to last autumn that last policy move in december was unnecessary and i think they could take it back. Price level stability, steady dollar, is what the fed should aim for in my view among the things he said, defended a rate cut this month, said no eff ....