Required Reading
Trump Says Big League Tax Announcement Coming Abe hopes to avoid landing in rough in golf outing with Trump Graphics-chip maker Nvidia’s revenue beats expectations Over 100 dead in Brazil state as police strike spurs anarchy
Thursday’s Closing Look
Stocks rallied on Thursday after Trump promised a “big league” tax announcement. The market has been looking forward to hearing Trump’s tax plan because that is expected to be a big boost to the economy. Economic data was quiet. Weekly jobless claims slid by 12,000 to 234,000, which was lower than the Street’s estimate for 250,000. Separately,…
Investigators Probing Plane That Got Too Close to Air Force One, Sources Say
https://www.bloomberg.com/news/articles/2017-02-08/investigators-said-to-probe-plane-too-close-to-air-force-one
Brexit Bill Passed by Lower House of Parliament, Heads to Lords
https://www.bloomberg.com/politics/articles/2017-02-08/brexit-bill-passed-by-lower-house-of-parliament-heads-to-lords
National Sheriffs’ Association President: Give Trump the Benefit of the Doubt @FoxBusiness
http://www.foxbusiness.com/politics/2017/02/08/national-sheriffs-association-president-give-trump-benefit-doubt.html
Dr. Alveda King: Sen. Warren Used the King Name to Stir Up Emotions @FoxBusiness
http://www.foxbusiness.com/politics/2017/02/08/dr-alveda-king-sen-warren-used-king-name-to-stir-up-emotions.html
Intel to invest $7 billion in AZ factory
http://www.reuters.com/video/2017/02/08/intel-to-invest-7-billion-in-az-factory?videoId=371084567&videoChannel=5
Disruptions at top two copper mines threaten global supply
http://www.reuters.com/article/us-indonesia-freeport-idUSKBN15N17R
Wednesday’s Closing Look
Stocks closed mixed on Wednesday as metals rallied. Investors are looking forward to Trump’s pro-growth policies such as cutting taxes, deregulation and government spending…but nothing happening just yet. Gary’s Thoughts: Short and succinct: The S&P 500 hasn’t had a 1% intraday move since Dec 14…the longest period of intraday nothingness in history. Major indices in…
Thursday’s Pre-Market Look: Stocks In The News Before The Open
Paycom Software (PAYC) rallied 10% in after-hours trading after it reported Q4 adjusted EPS of 18 cents, higher than consensus of 13 cents, and then said it sees Q1 revenue of $114.5 million-$116.5 million, above consensus of $113.8 million. Twitter (TWTR) tumbled 9% in pre-market trading after it reported Q4 revenue of $717 million, below…