Stocks climb as investors expect Congress to vote yes on the tax bill

Yahoo Finance

Tue, Dec 19, 2017, 8:55 AM

Yahoo Finance’s Alexis Christoforous, Yahoo Finance Editor-in-Chief Andy Serwer, Jared Blikre, and Seana Smith discuss the big stories of the day. JP Mangalindan also talks about Yahoo Finance’s Company of the Year.

Today’s Topics

Tax bill vote
Amtrak train was going 80 mph in 30 mph zone before crash: NTSB
Dow set to gain record 5,000 points in 2017
Amazon: Yahoo Finance’s Company Of The Year
California wildfire 50% contained
Flights expected to be back to normal in Atlanta
Starboard buys 9.9% stake in Cars.com
Apple names new India sales head
Buffett’s Berkshire hits $300,000
Dunkin’ celebrates winter solstice with specialty beer
North Korea behind Wannacry cyberattack: WSJ
Disney debuts animatronic Trump at Hall of Presidents

Here's Exactly When Social Security Recipients Can Expect Benefit Cuts, According to the Latest Trustees Report
Social Security payments may be subject to cuts. Here's what the timing looks like.
Motley Fool
Analysts reboot Palantir stock price target after earnings
This is what could happen next to Palantir shares.
TheStreet
3 Ridiculously Undervalued Stocks to Buy Hand Over Fist Right Now in May
Investing in cheap stocks brings unique risks because there is usually a reason the companies are undervalued.
Motley Fool
Morgan Stanley Predicts up to 110% Rally for These 2 ‘Strong Buy’ Stocks
Uncertainty is the word of the day, in reference to the near-term economic future. Sentiment will hinge on the inflation numbers due out next week. March’s figure rose to 3.5%, and April’s job numbers showed a marked slowing in the labor market; that combination has stoked fears of stagflation. But – corporate earnings from Q1 are beating expectations, and the stock market has taken a turn for the better with the S&P 500 closing just below 5,200 yesterday. Economic strategists are still optimist
TipRanks
Andreessen Horowitz partner says Google is an ‘amazing example’ of employing people in ‘BS jobs’: ‘Half the white-collar staff probably does no real work’
“Those people aren’t just being useless (and being coddled to think useless jobs actually matter—they don’t), but they are also taking money away from the rest of the workforce’s retirement programs.”
Fortune
Exclusive: In Tesla Autopilot probe, US prosecutors focus on securities, wire fraud
U.S. prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles’ self-driving capabilities, three people familiar with the matter told Reuters. Tesla’s Autopilot and Full Self-Driving systems assist with steering, braking and lane changes - but are not fully autonomous. While Tesla has warned drivers to stay ready to take over driving, the Justice Department is examining other statements by Tesla and Chief Executive Elon Musk suggesting its cars can drive themselves.
Reuters
Uber Stocks Drops After Earnings Reveal Surprise Loss. Here’s What Happened.
Uber Technologies stock was falling Wednesday after the ride-sharing company posted a first-quarter loss when analysts expected a profit. Uber reported a first-quarter adjusted loss of 32 cents a share on revenue of $10.13 billion. It includes a $721 million headwind due to “unrealized losses related to the revaluation of Uber’s equity investments.”
Barrons.com
Luminar says Tesla is biggest customer for its lidar sensors
Luminar Technologies, a maker of lidar sensors for self-driving cars, said on Tuesday that Tesla was the largest customer for its sensors in the first quarter, accounting for more than 10% of its total revenue of $21 million during the period. Tesla's electric vehicles that are sold do not use lidars and it is not clear where Tesla used the sensors.
Reuters
Signs of the Top? Warren Buffett Selling His Biggest Holding
Warren Buffett is selling his largest holding, and that's a huge deal.
Motley Fool
Shopify Earnings Top Views. E-Commerce Stock Plunges On Profit Margin Outlook
Shopify reported Q1 earnings that topped analyst estimates while revenue edged by views. But shares plunged on Q2 guidance.
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Stocks climb as investors expect Congress to vote yes on the tax bill

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