joining us is jim stewart. at whether or not jim you can go back to 86 and do what they did then you talked to dave camp, this is going to be an interesting series of columns for you. >> exactly one thing i want to say up front is that i feel, i don't care where you are in the political spectrum i think we need tax reform i hope this administration can accomplish something constructive i do and i'm trying to be that way but the reason i spotlighted reagan right away is that everybody loves this man, republicans, mild of the road, democrats. they all hail this so i said why don't we just go back and do it again and as i got into it i realized dave camp a couple of years ago tried to do exactly that and you run up against some really tough issues that were not there then that are there today. the biggest one of those is there were some bright targets for raising revenue in 1986. massive tax shelters and huge investment tax revenue so you can use that to cut rates. there aren't that many loop holes and there's not

jim stewart takes on united in last column.s us next >> big energy companies reporting today exxon and chevron both out this morning. actually energy is one of the few positive sectors in the s&p right now. jackie has been digging for the reports and joins us good morning. >> good morning to you sarah the second quarter was challenging for oil producers because of the wide range we saw. we started near the mid 50s but by june prices had dropped all the way to the low 40s that prompted analysts to adjust expectations they lowered their numbers to compensate when you see an estimate like exxon the street does get a little bit concern exxons earnings were 6 cents high revenues were a light beat in the second quarter last year oil prices were in the mid 30s so last year it was worse on a relative basis that's why this is also being emphasized upstream they were about 1.2 billion versus 1.6 billion in expectation downstream the numbers were stronger but they saw some weakness here in the united states chevron beat on the top line wi

as my friend jim stewart said once when he was on "squawk on the street." people who like the car own the stock. you can't shake them, because the car is great so if you want to take a fly on tesla, be my guest miles in ohio, miles >> caller: cramer, how are you doing, man >> i'm doing real good, how about you, partner >> caller: i'm doing good. i'm wondering about ibm today. these guys are trading at a low right now, but there is sectors such as cloud, a.i., you turn on the tv and you see it all the time can they stay competitive when you look at google and amazon getting into their markets >> ain't that the problem, miles. you're up against google, a wounded google woooo. you're up against amazon i mean, these are guys who are really amazing, and you're up against microsoft. so you have a 4% yield they can get it together, but it's not going to happen overnight or this quarter either >>> you have to believe in company managements and get in on the discounts when you believe. mccormick just sent $4.2 billion on mustard i'm sitting down with the ceo if wall

joining us with his latest column is jim stewart.ve you back >> nice to be here >> what a great provocative take >> thank you i thought it would be a really fun idea, i could create an index, the rand index of stocks of companies whose ceo embraced the thought philosophy of ayn rand that doesn't seem to be doing that well. the latest example is travis colonic at uber who, you know, was pushed out of the chief executive role and i know he's been backing away from rand and said maybe i wasn't that much of a randian. but he had the cover of the fountain head as his avatar and many principles can be traced to rand's thinking. so the thinking is great for visionaries, entrepreneurs, people with a vision who want to charge ahead, but she's not good at assessing risk. she's not good at team building. and she really doesn't address the extremely difficult task of converting from the visionary founder to the manager of a large sprawling company with many stakeholders. >> objectivism is being replaced with what in its place comes what >> well,

any rally at all this is the exposure of what i always felt was a cold stock but remember what jim stewartmy favorite writer said on this show which is the shareholders of tesla and drivers of tesla like tesla and the street has been unable to shake that. unable to shake that love and that the model 3 will come out and happen once again. we got a nice e-mail from tesla talking about the show case of it it's so inexpensive. i do believe that's frozen a lot of the buying. when i look at this, i goes good-byes back to 2,000. a lot of companies like tesla didn't produce didn't produce numbers but the difference is there's a product. >> there's a product that you can get in and drive and enjoy as you say we made this comparison before he gets as much leniency as besos has from his with this expectation that it will come if you believe. >> it's a tech company not a car company. >> it has come although people are still arguing about amazon as well you got -- that's kind of the play book right here, isn't it there's no way to justify $53 billion market value on the number of automobiles they're go

the fairfax county school boa change the name of jim stewart high school and ball church.set that it is named after a confederate. others say that the >>> a warm muggy morning, a hot sticky afternoon gives way to isolated showers and thunderstorms, quite a bit of cloud cover over the day. meanwhile, saturday looks like weather alert today. 1 to 2 inches of rain on friday, started during the mid-daytime. so a rush storm for us possible on saturday. look at the temperatures, weather alerts again for friday. >>> the baltimore-washington parkway, the activity you had has finally cleared out of the roadway. george washington parkway, you are in the green both north and ♪ backpack, check. that's the family taking care of business. awesome notebook! check. but who takes care of them? office depot / office max. this week, these composition books are just 25 cents each. ♪ taking care of business itthe power of nexium 24hr protection from frequent heartburn. all day, and all night. now packed into a pill