TheStreet Live

TheStreet Live

By JIm Cramer and TheStreet StaffBusiness
Download on the App Store

TheStreet Live episodes

  • Midday Update: Stocks Waver as Wall Street Awaits Tax Bill Revote
    Stocks were trading mixed about halfway through the session as Wall Street waited for a tax bill re-vote in the House. The Dow Jones Industrial Average was slightly up, the S&P 500 Index was close to flat and the Nasdaq traded lower. Wall Street cheered the latest milestone passed on the road to enacting sweeping tax reform. In the early hours of Wednesday, the Senate passed the overhaul bill with a 51-48 vote along party lines. The House had first approved the version Tuesday, but the vote will have to be recast because of a procedural snag Senate rule-makers found. The House had voted 227 to 203, with no Democrats in support of the bill and 12 Republicans opposed. Micron Technology Inc. stock gained over 3% Wednesday after the chipmaker posted better-than-expected earnings late Tuesday. Net sales for the company increased over 71% to $6.8 billion in the quarter that ended November 30. General Mills Inc. stock also gained on a quarterly report Wednesday. The company said cereal and snack sales boosted its overall revenue, which was up 2% from last year. Earnings of 82 cents per share came in line with Wall Street's expectations.
    2 min
  • Tax Reform, Uber and the Other Headlines You Need in Under 60 Seconds
    Here's everything you need to know before Wednesday's opening bell: 1. The Senate approved the GOP-led tax reform bill. 2. The House will repeat its vote after a procedural mishap. 3. The European Court of Justice ruled that Uber should be regulated as a transport company. 4. Tesla CEO Elon Musk mistakenly gave his 16.7 million Twitter followers his phone number 5. U.S. futures pointed toward a Wall Street rebound. Watch More with TheStreet: I Have Never Seen Anything Like Bitcoin : Investing Legend Jim Rogers Jim Cramer Is Focused on the Long-Term for Nucor - Video Exclusive Five of 2017's Biggest Tech Moments: Video Watch: Here Is Everything You Need to Know About the Stock Market in 2018
    1 min
  • Stocks Slip After GOP Tax Bill Passes House
    U.S. stocks fell after the House of Representatives passed a Republican-led tax bill. The Dow, the Nasdaq and the S&P all closed lower. The Senate is expected to vote on the tax bill this evening. Apple Inc. shares fell about 1% after Nomura downgraded the tech giant's stock to Neutral from Buy. The firm suggested sales of the iPhone X may not be robust enough to top Wall Street forecasts as customers turn to cheaper models and shun the $1,000 price tag. Apple is holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells AAPL? Learn more now. Shares of Jack in the Box Inc. rose after announcing that it was selling Qdoba Restaurant Corp. chain to buyout shop Apollo Global Management LLC for $305 million. The decision came months after high-profile activist investors Jana Partners LLC's Barry Rosenstein and Jeff Smith's Starboard Value LP bought significant positions in the company. Watch More with TheStreet: These Stock Sectors Will Benefit the Most From Tax Reform Activision Blizzard Is a Revolution, Says Jim Cramer Make Your Kid a Millionaire, The Perfect Holiday Gift Jim Cramer Maintains That Apple Is to Be Owned, Not Traded Want exclusive investing insight from Jim Cramer? Get 24/7 access to Jim's charitable trust portfolio with a free trial to Action Alerts PLUS!
    2 min
  • Stocks Sink Ahead of Tax Bill Vote
    U.S. equities were lower as investors await a vote by Congress on the tax reform bill. The three benchmark U.S. indexes were in the red during midday trading. Shares of Kindred Healthcare Inc. slipped after reaching an agreement to be acquired for $9 a share by Humana Inc. and two private-equity firms, TPG Capital and Welsh, Carson, Anderson & Stowe. The total value of the deal is about $4.1 billion in cash, including debt. Meanwhile, United Parcel Service Inc. stock rose slightly after announcing a reservation for 125 of Tesla Inc.'s new fully-electric Semi tractors. The new tractors will join UPS's extensive alternative fuel and advanced technology vehicle fleet, comprised of trucks and tractors propelled by electricity, natural gas, propane and other non-traditional fuels. Watch More with TheStreet: These Stock Sectors Will Benefit the Most From Tax Reform Activision Blizzard Is a Revolution, Says Jim Cramer Make Your Kid a Millionaire, The Perfect Holiday Gift Jim Cramer Maintains That Apple Is to Be Owned, Not Traded
    1 min
  • Tax Reform, LongFin and the Other Morning Market Headlines In 60 Seconds
    Here's everything you need to know before Tuesday's opening bell 1. Shares of LongFin were slightly down premarket after jumping 229% on Monday 2. Cars.com jumped after hours after disclosing that Starboard bought a stake in the online auto marketplace 3. Earnings are expected from Carnival, Darden, Micron and more 4. U.S. futures pointed toward more records ahead of an anticipated tax reform vote Watch More with TheStreet: These Stock Sectors Will Benefit the Most From Tax Reform Activision Blizzard Is a Revolution, Says Jim Cramer Make Your Kid a Millionaire, The Perfect Holiday Gift Jim Cramer Maintains That Apple Is to Be Owned, Not Traded
    1 min
  • Closing Bell: All Three Benchmark Indexes Close at New Records Monday
    Stocks reached fresh records. The Dow closed higher 0.57%, the S&P 500 closed higher 0.54% and the Nasdaq closed higher 0.84%. The Nasdaq topped 7,000 points for the first time ever. Twitter Inc. stock gained over 11% after it announced new rules to crack down on extremist content. Twitter stock was also upgraded at JPMorgan Monday. Bitcoin prices started to slowly converge Monday after the second futures market, from CME Group, smoothed some gaps. Watch More with TheStreet: Here's a Look at Why Billionaire Investor Ken Fisher Isn't Buying Bitcoin What Does CME Group Do Other Than Trading Bitcoin Futures Only The Dumbest on Wall Street Try to Compare Bitcoin to Apple Kawasaki Unveils Z 900 RS Motorcycle in Time for Holidays
    1 min
  • Hershey, Bitcoin and Everything Else You Need to Know in 60 Seconds
    Here's everything you need to know before Monday's opening bell: Bitcoin futures began to converge after a second futures contact was launched. Hershey reportedly closed a $1.6 billion deal to buy Amplify Snack Brands , the maker of SkinnyPop. Humana is reportedly in advanced talks to acquire home-care provided Kindred Healthcare . Disney's "Star Wars: The Last Jedi" took home $220 million at the opening weekend box office. Wall Street looks to open higher ahead of ahead of an anticipated tax reform vote on Capitol Hill later this week. Watch More with TheStreet: Here's a Look at Why Billionaire Investor Ken Fisher Isn't Buying Bitcoin What Does CME Group Do Other Than Trading Bitcoin Futures Only The Dumbest on Wall Street Try to Compare Bitcoin to Apple Kawasaki Unveils Z 900 RS Motorcycle in Time for Holidays
    1 min
  • Stocks Finish Trading Week Strong as Tech, Financials Lead
    Stocks closed out the trading week with a bang as tech and financials led a strong finish. The Dow Jones Industrial Average rallied over 150 points, up six of the last seven days. The S&P 500 and the Nasdaq were also higher at the closing bell. All three benchmark indexes snagged new records for intraday prices, and the S&P and Dow traded with gains for the week. Shares of railway company CSX dipped Friday after the company announced CEO Hunter Harrison is taking a medical leave of absence. Harrison, who is 73, will take time off to manage complications from a recent illness. Former operating chief Jim Foote will take over as acting CEO while Harrison is out. Oracle stock tumbled after the enterprise software company issued guidance about its cloud-computing business that disappointed inventors. Oracle said total cloud revenue in the second quarter rose 44% to $1.52 billion, missing estimates. Oracle forecast that its total cloud app and service revenue in the third quarter would only rise 21% to 25%, well below a consensus for cloud revenue to rise 42% to $1.69 billion. And bitcoin was at it again Friday as prices flirted with $18,000. In the last month, the price of the darling cryptocurrency have rallied over 130%. Watch More with TheStreet: Ken Fisher: 'Monkeyism' Causes Investing Mistakes Disney CEO Robert Iger Has Created Quite the Legacy for Himself Jim Cramer Explains Why Alphabet is Much More Than Search 5 of the Most Unexpected Retail Partnerships
    2 min
  • Wall Street Boosted Higher as Tax Reform Concerns Dissipate
    All three benchmark indexes were well into positive territory about halfway through trading Friday as Wall Street bounced back from earlier concerns over tax legislation. The Dow Jones Industrial Average gained triple digits. It's the sixth day in seven that the Dow traded higher. The S&P 500 traded above its closing record as well. And the Nasdaq was up, too. Markets finished Thursday trading lower after some GOP lawmakers expressed doubts over the party's ability to agree on tax negotiations. Florida Senator Marco Rubio said Thursday that he wouldn't vote in favor of the bill unless it expanded the child tax credit. On Friday, President Donald Trump predicted Rubio would vote in favor of the tax overhaul, allaying some of Wall Street's earlier concerns. The combined tax bill is expected to be released Friday. Costco Corp. stock gained heartily Friday after the company beat Wall Street's forecasts for its fiscal first quarter. Costco reported same-store sales up 7.9%. The company's digital platform grew 41% over a year earlier. Watch More with TheStreet: Ken Fisher: 'Monkeyism' Causes Investing Mistakes Disney CEO Robert Iger Has Created Quite the Legacy for Himself Jim Cramer Explains Why Alphabet is Much More Than Search 5 of the Most Unexpected Retail Partnerships
    2 min
  • Net Neutrality, Oracle and 3 Other Headlines to Take in With Your Morning Coffee
    If you haven't heard, neutrality is a done del State attorneys general threaten lawsuits against the federal government's repeal of net neutrality Oracle tumbled after disappointing investors with guidance about its cloud-computing business Disney jumped 2.8% Thursday after reaching a deal to buy most of Twenty-First Century Fox Costco's digital platform grew more than 41% from last year Futures indicated a rebound from yesterday's losses Watch More with TheStreet: Ken Fisher: 'Monkeyism' Causes Investing Mistakes Disney CEO Robert Iger Has Created Quite the Legacy for Himself Jim Cramer Explains Why Alphabet is Much More Than Search 5 of the Most Unexpected Retail Partnerships
    1 min

About TheStreet Live

From the publisher's feed

TheStreet helps you find your bull market! Great insight from our reporters and editors to help you navigate today's markets!