TheStreet Live

TheStreet Live

By JIm Cramer and TheStreet StaffBusiness
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TheStreet Live episodes

  • Tony Robbins Lists the 4 Key Principles to Guide Investment Decisions
    "When you are unshakeable, you make smart decisions," says entrepreneur, philanthropist and New York Times Best-Selling Author Tony Robbins. In his new book, Unshakeable, Robbins will teach you to be just that and he will help you make educated, long-term investment decisions, based on his extensive research with market pros. Even better, 100% of the proceeds will go to Feeding America. As a kid, there was a time when Robbins didn't know where his next meal was coming from so now he is on a mission to provide 100 million meals to people in need.
    4 min
  • Closing Bell: Signet Jewelers Slumps; Dow Snaps Record-Breaking Streak
    A rally that pushed the Dow Jones Industrial Average to 12 straight sessions of records has flamed out on Tuesday. The blue-chip index has seen less enthusiastic gains in recent days as investors grew impatient for policy details from the White House. Video game retailer GameStop slumped after Microsoft's Xbox announced a subscription service, not unlike Netflix, for games. Game Pass, out in the spring, could put a dent in GameStop's sales. Signet Jewelers sank following accusations of sexual harassment. A number of employees allege execs fostered a culture of harassment, though Signet has called the reports "distorted and inaccurate." Domino's Pizza reported a jump in domestic sales and better-than-expected earnings over its recent quarter. Same-store sales in the U.S. increased by nearly 14%, higher than expected 10% growth.
    2 min
  • Dow Sits at Record Highs as Investors Await President's Speech
    The Dow Jones Industrial Average will try for 13 straight record setting sessions. The blue chips are on the longest record setting streak in 30 years. Investors are waiting for President Trump's speech tonight where he is expected to detail policy proposals on taxes, trade, health care, jobs and infrastructure. Also, last night the U.S. Senate confirmed Wilbur Ross as Commerce Secretary. Apple shareholders are gathering in Cupertino, California today for the annual meeting. The meeting comes as investor Warren Buffett disclosed that he more than doubled his holdings in the tech giant in January, stating it has a 'sticky product'. Berkshire Hathaway now owns 133 million shares of Apple, a 2.5% stake in the firm, that is worth $17 billion. South Korean officials have officially charged a Samsung heir with bribery and embezzlement, according to several reports. 4 other executives are also being indicted for alleging taking money in exchange for favorable ruling on a merger.
    2 min
  • Closing Bell: Buffett Bets Big on Apple; U.S. Stocks at Fresh Records
    Wall Street smashed new records with just slight gains, recovering from what had been nervous trading for most of the session. The Dow Jones Industrial Average has ended at highs for the past 12 sessions. Sotheby's rose after besting quarterly earnings and revenue estimates. The auction house reported a 69% increase in net income, partly thanks to a lower effective tax rate. Apple inched higher after billionaire investor Warren Buffett raised his stake to 133 million shares, nearly double his previous position. The stake is worth around $17 billion. Shutterstock sold off after missing profit and sales estimates in its recent quarter. The stock image database also guided for full-year sales no higher than $560 million, below analysts' consensus.
    2 min
  • President Trump has Given Federal Agencies Orders to cut Regulations
    President Trump has said too many regulations make it too expensive and cumbersome for companies to do business. The President's budget proposal also calls for a sharp increase in military spending and big cuts to the Environmental Protection Administration. Boeing will open its first European plant in Northern England. This is a vote of confidence for Britain as it prepares to leave the European Union. The plant will support building the 737. Samsung Electronics says it will launch the Galaxy S8 on March 29th. This is the company's first major product since the burning battery scandal. The S8 is rumored to share the LG G6's high screen to body ration, wireless charging, dual camera and waterproof design. Dallas Federal Reserve President Robert Kaplan participates in a question and answer on the economy.
    2 min
  • President Trump Calls China 'Champion' of Currency Manipulation
    China's Central Bank has spent billions of dollars in foreign exchange reserves in the past year to prop up the yuan to counter capital outflows. President Donald Trump, in an exclusive interview with Reuters, called the country the 'Grand Champion' of Currency manipulation. Treasury Secretary Steve Mnuchin says he is not ready to pass judgment on China's currency practices. Google (GOOGL) and Uber are in a legal fight to control the future of self driving cars. Google's autonomous car group, Waymo, says Uber has stolen some of its technology, Specifically, the part that allows cars to map the environment around them. Uber says it is looking into the matter. Nordstrom (JWN) profit beat expectations despite the controversy around the Trump family. Company executives say the impact of Ivanka Trump products being pulled was 'negligible'. Nordstrom Rack, it's discount stores, were especially strong.
    2 min
  • Closing Bell: L Brands Slumps on Weak 2017 Guidance; Dow at Fresh Records
    Wall Street was pulled in two directions with a bounce in crude prices boosting the Dow Jones Industrial Average and a selloff in Tesla dragging on the Nasdaq. The Dow has now closed at records for ten straight sessions in a row. Chinese social media stocks Weibo and its shareholder Sina also weighed on the Nasdaq following their quarterly reports. Alibaba , which also has a stake in Weibo, moved lower in sympathy. L Brands slumped after issuing weak guidance for fiscal 2017. The parent company of Victoria's Secret also said it expects same-store sales in February to decline in the mid-to-high teens. Kohl's exceeded quarterly estimates and met full-year profit expectations. Kohl's said it saw declines in brick-and-mortar traffic over the holiday season, though online demand countered some of that drag.
    2 min
  • Tesla Reports Wider Loss, may Open More Gigafactories Soon
    Tesla Beat Revenue Expectations but did have a wider loss than expected. The company also announced its Chief Financial Officer is leaving the company. It says production of the Model 3 is on track to begin in July. Tesla also indicated it may look to open more gigafactories soon but didn't provide any details. President Donald Trump today will meet with manufacturing industry CEOs. Earlier this week, several executives from the industry sent the President a letter arguing that the current tax system penalizes American factory growth and restrains business investment. The Dow Jones Industrial Average looks to a 10th straight day of record setting gains. Oil started the day higher, which gave stocks an early boost. Secretary of State Rex Tillerson and Department of Homeland Security Secretary John Kelly visits Mexico.
    2 min
  • Closing Bell: DuPont Drives Dow's Gains; Dow Ends at Another Record For Day Nine
    The Dow Jones Industrial Average ended at a record for its ninth session in a row. That's its longest record-breaking streak in three decades. The S&P 500 and Nasdaq weren't so fortunate, logging slight losses after Tuesday's records. The Federal Reserve drove market direction this afternoon after meeting minutes confirmed a switch to a more hawkish central bank. Members said it would be appropriate to hike interest rates "fairly soon" in minutes from its recent meeting. DuPont contributed the bulk of the Dow's gains on reports its merger with Dow Chemical would clear regulatory hurdles in Europe. The EU will reportedly OK the deal ahead of an April deadline. Garmin surged after a better-than-expected quarter and robust growth estimates for fiscal 2017. The GPS-tech company reported a 10% increase in quarterly sales.
    2 min
  • Midday Report: Existing Home Sales Hit 10-Year High; Wall Street Waits For Fed Clarity
    Stocks moved mostly lower as investors waited for clarity on interest rates. That will come in the form of the Federal Reserve's minutes from its January-February meeting out this afternoon, which could shed light on the likelihood of a March move. TJX Companies , owner of TJ Maxx, narrowly beat profit and sales estimates over its fourth quarter. The retailer said same-store sales rose by 3%, exceeding expectations of 2.5% growth. Dish Networks swung to a profit in its recent quarter from a loss in the year-ago quarter. Dish reported 28,000 more net Pay-TV subscribers over the quarter. Existing home sales in the U.S. in January rose to their best level in ten years. Sales of previously owned homes rose by more than 3% even as inventory slumped just over 7%.
    2 min

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