Your Cheddar hosts Kristen Scholer and Jon Steinberg debut Cheddar's new set! Plus, they round up the day's top stories, starting with the Senate passing the tax reform bill. And Stitch Fix beats earnings estimates but still plummets before the open.
The Senate's tax bill would be the country's largest tax overhaul since 1986 and would cut the corporate tax rate more than any single bill has before.
Plus, Stitch Fix isn't doing so well, despite beating expectations for its first earnings report. the company's shares went into a tailspin on Wednesday, dropping more than 11% and putting a dent in its run-up since its November IPO.
We may not be headed for a 2008-esque disaster, but increased geopolitical tension paired with the end of the tech boom means volatility could stick around.
The dreaded Netflix crackdown on profile sharing translated into a major boost in subscribers while the promised rate cuts seem to be a far off fantasy.