Hector Andres Pacheco discusses the tax overhaul that caused some corporations to pay steep one-time charges. We discuss the overall benefit tax reform will have on the long-term and how businesses are using it to grow.
Pacheco also discusses Apple's positive earnings report and its upcoming initiatives, including construction of another campus somewhere in the U.S. We talk about Alphabet's underwhelming earnings report and its continued investment in machine learning.
Stocks fell in the opening session Tuesday as earnings reports continued to pour in and as investors brace for the Federal Reserve's interest-rate decision on Wednesday.
A flow of recent data from the U.S. government has made one thing strikingly clear: A surge in consumer spending is fueling strong growth, demonstrating a resilience that has confounded economists, Federal Reserve officials and even the sour sentiments that Americans themselves have expressed in opinion polls.
