GOP clears big tax reform hurdle

Markets are looking to close out the week on a positive note as investors digest a lot of news. The Senate narrowly passed a budget resolution that would pave the way for a tax plan this year, while a number of companies report earnings. Yahoo Finance’s Alexis Christoforous, Jared Blikre, Justine UnderhillRick Newman and Seana Smith discuss the big stories of the day.

Today’s topics:

  • Senate approves budget plan

  • GOP now focuses on tax legislation

  • GE shares slide after big earnings miss

  • P&G shares tumble after soft sales

  • Honeywell sales jump

  • PayPal soars on 26M added accts, $9B in Venmo sales

  • Skechers sprints to record highs on Q3 beat

  • RBC lowers Chipotle price target on negative queso reviews

  • Call of the week: Buy Apple’s stock on iPhone 8 ‘gloom and doom’

  • Mass confusion over Obamacare plans

  • Xi Jinping clapping game is Chinese mobile sensation

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