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trump backed challenger. here is a part of her concession speech. two years ago, i won the primary by 73% of the vote, i could easily have done the same again, the path is clear, but it would require that would go along with president trump s lie about the 2020 election. it would require that enabled the ongoing effort to a rival democratic system and attacked the foundation of our republic. that was a path i could not and would not take. liz cheney s demise is not unique here. of the ten house republicans that voted to impeach trump this year, only two will be on the ballot come november, the other eight have either chosen to retire or were knocked out of the primaries, like cheney the gop is losing what little moral compass has left. . i want to know that liz cheney is a hard-core conservative, there is nothing moderate about her. she and a handful of republicans have set themselves apart when they stand on the side of democracy and against donald trump. we can di ....
Good friday morning. Welcome to squawk alley. Im kaylee towshe. Rick santelli joins us as well. Carl quintanilla has the morning off. Executive editor kara swisher. Good morning to you too. How you doing . Im in d. C. , actually. All right. Lets get to our top story today. I think well work on karas audio there. Shares of microsoft at alltime highs this morning for the First Time Since 1999, the company beating the street on the top and bottom lines and showing Significant Growth if the cloud. Former microsoft ceo Steve Ballmer joining our friend op squawk box talking about the stellar quarter and a potential acquisition of twitter. I have never, ever, ever wanted to buy twitter myself. I mean, come on. Ive got a good life right now. I dont need to do that. Of course, mike, they asked the question because he is a la ....
There you have it again, green arrows pretty much everywhere. The whole world is happy. Except for short sellers. And were watching crude prices this morning. Yesterday iraqs oil minister said the country should be exempt from joining opecs Production Cut embroiled in a war with islamic militants. Opec is planning to reduce production targets at the november meeting. Wti is lower by 5 cents but still at 50. 80. And scottrade is being acquired for 4 billion from ameritrade. Some competitor of scottrade said, why deal with us . We have a helicopter. No one really understood what was the because its successful. It trades more quickly to where they need to go by helicopter. It happens over the internet. So its confidence . A little bit of confidence. Interest rates are zero. Im confident, ill borrow money, too. A little confidence. People think the economy is a little better than we think. I dont think thats it. Well talk to the ceos ....
Implementation of those agreements. On the day the palestinian flag is raised at the u. N. , the Palestinian Authority president announces his people are no longer bound by accords negotiated by israel. No pay for play. A big win for the ncaa as a federal Court Strikes down a plan to allow schools to make Cash Payments to College Athletes. And solar system. How clean energy from the sun. Theres a substantial portion of the countrys energy use that can be replaced by this technology. Is being used to replace the dirty business of drilling for oil. Good evening. This is al jazeera america. The situation in syria already a quagmire grew even more complicated today with little notice or explanation, russia launched a series of air strikes against what it describe ....
They were disappointing but not so disappointing as to panic us into selling. I am talking about the earnings reports weve been getting every day that would normally produce a cascade of sales but is producing the opposite this time around. And thats been the theme of this entire earnings season when it comes to the industrials, the banks, and oil stocks, a huge part of the market. That explains a lot of the moves weve been seeing today. Where is this counterintuitive pattern most evident . The Big International companies. The ones that make the heavy equipment and capital goods. Lets talk about a storied industrial, Emerson Electric. It reported one of the most sad sack numbers i can ever recall from what is a Great American powerhouse. Sales down 9 . Earnings share off 15 . Took my breath away. That wasnt enough. ....