The Fast Money traders share their final trades of the day.
Pie: I have visited all 57 states. If you like your doctor, you can keep your doctor. Donald Trump will never be the president of the United States ISIL is a junior varsity team. Yemen is the Middle Eastern model of democracy. If I don't have this done (cut the national debt in half) in three years, then there's going to be a one-term proposition. Pie’s note: at that time on TV screen showing $10.6 trillion, but by the end of his second term the national debt is 20 trillion) Navy Corpse-man We won’t negotiate with terrorists. They didn't mean "death to America" in the way you thought it meant. I only heard about Hillary Clinton's email account when I saw it on the news. If They Bring a Knife to the Fight, We Bring a Gun I do not deserve the Nobel Peace prize. Tell Vladimir I can be more flexible after I win the next election. The Taliban is not a terrorist organization I just heard about Gruber before I came to this press conference. Clapper gave me wrong Intel. It’s his fault. I promised to end the war in Iraq and I did. I never ordered the Taliban swap it was Hagel Not even a smidgen of corruption I only found out about it when I saw it on the news. I will have the most transparent administration in history. I have Shovel ready jobs. The IRS is not targeting anyone. Benghazi was about a movie. If I had a son. I will put an end to the type of politics that "breeds division, conflict and cynicism". You didn't build that. I will restore trust in Government. The cops acted stupidly. I am not after your guns. The Public Will Have 5 Days To Look At Every Bill That Lands On My Desk. It's not my red line it is the worlds red line. Whistle blowers will be protected. We got back Every Dime we Used to Rescue the Banks, with interest. I will close Gitmo. I am not spying on American citizens. ObamaCare will be good for America. You can keep your family doctor. Premiums will be lowered by $2500. If you like your plan, you can keep it. Period. We'll put it on C-Span. Your taxes will not go up unless you make more than 250K a year. I will cut the deficit in half in 3 1/2 years or this will be a one term proposition. The recession is over. I'm not an ideologue. We will get to the bottom of this. I will not sign the NDAA bill. Reverend Wright Bill Ayers no lobbyists in my administration. I'll go through the budget line by line. Fast And Furious. I've never met the uncle I used to live with. I Barack Hussein Obama pledge to preserve, protect and defend the Constitution of the United States of America My mom and Saul Alinski are the two greatest influences in my life. Global warming threat is the biggest issue on Americans minds. Cuba is our friend. Austrians speak Austrian language The Sequester won't happen Gun control is like car accidents...you cannot stop them all but you should make laws to try. We are winning in Syria. We are winning in Iraq. We are winning in Afghanistan. We are winning at Pebble Beach, thirty six holes. And FINALLY, I AM CLOSING GITMO ANY DAY.
By Allison Lampert and Alwyn Scott MONTREAL/NEW YORK (Reuters) - Canada's Bombardier Inc hit back on Friday at rival U.S. planemaker Boeing Co's claim that it sold jets well below cost to win market share in the United States, the latest sign of increasing trade tensions between the two countries. The risk of the United States imposing a tariff, which would likely depress sales of Bombardier's newest jet, and concern over how big that tariff might be, unsettled investors, sending the Canadian company's shares down just over 4 percent. Boeing wants the U.S. government to investigate what it describes as rock-bottom prices for Bombardier's new CSeries aircraft, including an "absurdly low" sum of $19.6 million it says Delta Air Lines Inc paid for a jet costing $33 million to build.
At a recent conference, retirement experts concluded that the lack of an easy drawdown mechanism in 401(k) plans was the major challenge facing the 401(k) system. In 2014, the Treasury Department and the IRS issued guidance that made longevity annuities accessible to 401(k) plans and that enabled target date funds to include annuity contracts either as a default or as a regular investment option. But individual plan sponsors feel under siege by lawsuits and see little payoff to being innovative. At the same time, Congress is unlikely to mandate that annuities be a part of 401(k) arrangements. So we are at a standstill. Millions of Americans — having been told that their retirement plans are automatic
Apple is refusing to pay any royalties owed to mobile chip maker Qualcomm for some of the features in the iPhone, escalating a patent feud that has turned the former business partners into bitter adversaries. The latest twist in the dispute represents a major blow for Qualcomm, which depends on licensing fees for a large portion of its revenue. Apple's decision to withhold royalties will cost Qualcomm up to $500 million in the current quarter alone, based on revised revenue estimates that Qualcomm released Friday.
Elizabeth Warren and Bernie Sanders are not happy about reports that former President Barack Obama will be paid $400,000 to speak at a September health care conference put on by the Wall Street firm Cantor Fitzgerald. Sanders' distrust of politicians receiving what he considers exorbitant paychecks for speaking to major investment banks is well known.
Shares of luxury fashion brand Vince (NYSE: VNCE) tumbled nearly 40 percent Friday, after the company said it has "substantial doubt" about its ability to continue as a going concern for the next 12 months. Its warning comes roughly one month after struggling department store Sears (NASDAQ: SHLD) made the same statement in its annual filing with the Securities and Exchange Commission. A change in accounting regulations that went into effect during the first quarter now requires management teams to assess whether there are "conditions or events" that raise substantial doubt about their company's ability to stay in business for the next year.
Tesla Inc on Friday said that its subsidiary SolarCity will curtail door-to-door sales of rooftop solar installations over the next month as Tesla seeks to absorb the company into its high-end brand. The move comes at a time when growth in sales of residential solar systems has slowed in key states, including California, where Tesla is based. Industry watchers say consumers in more mature solar markets have tired of the industry's aggressive sales tactics.
Chip and Joanna Gaines have created a business empire in Waco, Texas thanks to their hit show Fixer Upper. Now, two of Chip's former business partners are suing him for fraud, the Waco Tribune-Herald reports. John L. Lewis and Richard L. Clark are suing Gaines, his company Magnolia Realty, the parent company of HGTV, and the production company behind Fixer Upper.
U.S. Steel (X) lost a quarter of its value on Wednesday when it reported a surprise loss, and while some analysts have tried to defend the company, others have thrown in the towel. Illustration: Agence France-Presse/Getty Images Deustsche Bank, for instance, cut U.S. Steel to Hold from Buy yesterday, and today, Macquarie's Aldo Mazzaferro slashed his rating to Underperform from Neutral, a move that even I could see coming from a mile away. When U.S. Steel reported, Mazzaferro noted that he was "very disappointed," especially because he had only recently upgraded its shares to Neutral from Underperform. "We remain concerned that the company’s high-fixed costs, amplified by weak volumes and pricing,
The battle against anxiety disorders and panic attacks since childhood is the focus of Wall Street Journal contributor Andrea Petersen's forthcoming book, "On Edge." She describes fears of carrying out simple activities in life and traces mental illness through her family. Photo: Brian Stauffer
Upon the release of BioMarin's orphan drug Brineura, which made headlines for its $702,000-per-year price tag, chairman and CEO JJ Bienaimé said the system will have the final say on whether the sky-high price is fair. "Obviously, the system will have to determine that," he told Cramer on Friday. "I think, hopefully, ... if there is any kind of regulations coming around health care, that they will make sure that those regulations protect innovation and protect innovative biotech companies," Bienaimé said. Finally, Cramer spoke with AGCO Chairman, President and CEO Martin Richenhagen to understand more about how President Donald Trump's protectionist slant might affect the agricultural landscape.
On April 11, offshore driller Seadrill Ltd (NYSE:SDRL) announced some very good news for a change. The company said, in a press release, that it had secured 10-year contracts for two offshore drilling vessels, worth $1.4 billion in long-term revenue. And while the company did sacrifice some short-term revenue, since the agreements included reductions in near-term dayrates, the contracts are an unequivocal win for Seadrill. But that doesn't necessarily mean they're a good thing for current Seadrill shareholders. Let's take a closer look at why investors shouldn't count on an upside. Seadrill's new contract extensions According to the release, Seadrill subsidiary North Atlantic Drilling reached
The passenger who was dragged off a United flight after he refused to give up his seat to airline employees settled with the airline for an undisclosed sum Thursday in an apparent attempt by the company to put the fiasco behind it as quickly as possible. David Dao's legal team said in a brief statement that the agreement includes a provision that the amount will remain confidential. One his lawyers praised United CEO Oscar Munoz.
On Wednesday night and early Thursday morning, President Trump injected a new and to some puzzling argument into the debate over the effort to fund the government through the end of the fiscal year and the need to continue paying health insurance companies subsidies under the Affordable Care Act. Specifically, he started tweeting about Puerto Rico. The Caribbean island, a U.S. territory that is home to 3.5 million natural-born American citizens, hadn’t been one of the major issues in a fight over whether the government would shut down when the current spending resolution expires after Friday.
Shares of master limited partnership Enbridge Energy Partners (EEP) were rising nicely Friday after the crude pipeline operator concluded a long-anticipated strategic review and announced a 40% distribution cut. It is also selling off its Midcoast gathering and processing business for $2.15 billion, which includes over a billion in cash plus debt of Midcoast Energy Partners (MEP). It also redeemed preferred stock and changed its incentive distribution rights.
United Airlines and the passenger who was dragged from a Chicago flight earlier this month have reached a settlement for an undisclosed sum, they said on Thursday, in the carrier's latest step to contain damage from an incident that sparked international outrage. Viral videos of Dr. David Dao being dragged down the aisle of a United jet and Chief Executive Oscar Munoz's handling of the incident touched off a public outcry, prompted calls from congressmen for new industry regulation, and led United's board of directors to reverse an agreement to make Munoz company chairman in 2018. Southwest Airlines also said on Thursday that it would end overbooking of flights.
Pacific Crest lowered its rating on Amazon to sector weight from overweight, citing increasing competition and "moderating" growth rates in its businesses. The company's shares are up 4 percent in Friday premarket trading after it reported better-than-expected first-quarter earnings Thursday after the market close. "Amazon's 1Q17 results were impressive. However, the stock is approaching our $961 target and stepped-up competition may dampen near-term upside," analyst Edward Yruma wrote in a note to clients Thursday titled "As good as it gets (for now)." "1P [first party] growth rates point to moderating sales growth, and retail competition is intensifying. Nevertheless, we remain constructive
Yahoo Finance Technology Editor Dan Howley lugs a 19-pound limited edition Acer Predator 21 X laptop into our studios and joins Yahoo Finance's Alexis Christoforous for a quick demo. While not practical for a casual trip to the park or Starbucks, this high-end computer hits all the right specs for the most demanding gamer—and hits purchasers in the pocketbook for a cool $9,000.
In a span of less than four months, Tesla Motors (TSLA) founder and CEO Elon Musk has added $2.3 billion to his personal wealth . Musk is now worth more than $13 billion, according to the Bloomberg Billionaire Index, but it could have worked out very differently. In fact, a crucial decision Elon Musk was forced to make in 2010 when, by his own account, the billionaire was broke, is one of the reasons Musk has been able to cash in on Tesla's rapid share rise this year: Musk held on to shares at the very moment when a sale to raise cash would have made financial sense.
Or worse, that you don't have enough cash in the bank to sustain your retirement. While it's important to tune your financial decisions to your individual goals, here are seven money mistakes that you could end up regretting for life. The No. 1 financial regret Americans share is not saving enough for retirement, according to a 2016 survey by Bankrate.
US Secretary of Education Betsy DeVos (R) speaks as President Donald Trump (L) listens during a parent-teacher conference listening session at the Roosevelt Room of the White House February 14, 2017 in Washington, DC. Since taking her post as Trump’s education secretary, Betsy DeVos has worked to roll back some protections for student loan borrowers. In an April 11 letter to the Federal Student Aid office, DeVos withdrew three policy memos issued under the Obama administration.
Apple, Inc. AAPL is set to report its second-quarter fiscal 2017 results on May 2. Last quarter, it posted a 4.35% positive earnings surprise. The company has outperformed the Zacks Consensus Estimate in three of the last four quarters, with an average positive earnings surprise of 0.89%.
Alphabet CEO Larry Page said on Thursday that the holding corporate structure for search unit Google and a host of new businesses has succeeded in creating more transparency for investors. As the two-year anniversary of Alphabet’s corporate restructuring approaches, Page wrote in a letter to investors that the model has empowered entrepreneurs outside its core search business. Page took Silicon Valley by surprise in August 2015 with the creation of a new company, Alphabet, to house Google and new ventures ranging from self-driving cars to health technology, which would be broken off into separate companies.
IranAir has abandoned plans to take early delivery of a Boeing 777-300ER jetliner because the passenger plane is no longer available, the head of the Islamic Republic's national flag carrier was quoted as saying by Iranian media. Iran had been expected to receive the first of 80 aircraft ordered from the U.S. planemaker in April or May 2018, but Iranian media and industry sources said this month it might get the first Boeing jet a year earlier than expected under a proposal to swap deliveries with Turkish Airlines . "Boeing had proposed to hand over a 777-300ER by summer after Turkish Airlines withdrew its order for it.
Congrats, grads: The proportion of employers planning to hire recent college graduates hit a decade-high this year. Almost three-fourths of employers intend to hire college graduates this year, according to a new survey from CareerBuilder. "Competition for soon-to-be college grads is escalating to a degree we haven't seen in the last 10 years," said Rosemary Haefner, chief human resources officer for CareerBuilder.
What happened Shares of Synchrony Financial (NYSE:SYF) have dropped today, down 15.9% as of 11:45 a.m. EDT, after the company reported first-quarter earnings. So what Expected to report $0.73 per share in profit on $3.6 billion in Q1 sales, Synchrony instead reported only $0.61 per share earned -- despite raking in more than $3.99 billion in revenue. This was a big miss for Synchrony, and it kind of shocked Wall Street -- the more so because Synchrony's profits actually declined year over year, whereas Wall Street had expected the banker to eke out a small gain. One year ago, Synchrony had earned $0.70 per share in Q1 2016 profits. Explaining its loss, Synchrony noted that while its interest