The markets are continuing their upward movement and are all at or near highs.  President Trump’s speech in Davos is being talked about everywhere.  “America is open for business” and even though his priority is putting “America First” the great take away is, “When America grows so does the rest of world.”

Wynn Resorts (WYNN) is getting hit hard today, down over 8% on news from the WSJ that dozens of people have alleged Steve Wynn with sexual misconduct.  Wynn vehemently denies it, saying it’s “preposterous” and blames his ex-wife Elaine Wynn, who is trying to change the terms of their divorce agreement, for instigating these allegations.

The earnings parade marches on with winners being rewarded and those not delivering as expected being punished.

• Intel (INTC) delivered an earnings and revenue beat, and guided higher for FY18.  The stock is up 9%.
• AbbVie (ABBV) reported better than expected results on the top and bottom line, EPS of $1.48. Revenues grew 13% year over year to $7.74 billion.  The company also raised its FY18 guidance.  Shares are up almost 10%.
• Starbucks (SBUX) reported financials that beat on the bottom line by $0.08 (EPS of $0.65), but revenues missed by $110 million to $6.07 billion.  However, revenues are up 5.9% year over year. Global same store sales comp of 2% were shy of the 3% estimate and are expected to fall on the lower end of guidance.  Margins fell 80 basis points to 19.2%.  SBUX is down 6%.
• Colgate-Palmolive missed on the top and bottom line due to lower pricing, higher raw material and packaging cost, coupled with increased SG&A. The company did increase sales 4.5% to $3.89 billion, but that was below expectations. The stock is 6% lower.

At midday, advancers and decliners are almost even on both the NYSE and Nasdaq.  Health Care (led by ABBV), and Technology (led by INTC earnings taking the semis higher) are strong today while Consumer Staples, Financials, Materials, Real Estate, Telecom Services and Utilities lag.   

The dollar is down again, to lows from 2014 and taking oil higher, with WTI up another .85% to $66.07, to the highest levels since December 2014.  The latest Baker Hughes reports shows 11 new rigs added taking the total to 947.

And U.S. Treasury are also climbing again after GDP came in below estimates.  The benchmark 10-year is at 2.666%.