Reuters Business Today: July 25, 2017

Click to View in Browser Tuesday, July 25, 2017 Jobs lift U.S. consumer confidence to near 16-year high WASHINGTON (Reuters) - U.S consumer confidence jumped to a near 16-year high in July amid optimism over the labor market while house prices maintained their upward trend in May, which could boost consumer spending after recent sluggishness. Earnings, bank shares propel S&P 500 to record high (Reuters) - The S&P 500 climbed to an all-time high on Tuesday on a heavy day of corporate results highlighted by well-received reports from McDonald's and Caterpillar and gains for bank shares. AT&T's quarterly profit tops Wall Street estimates NEW YORK (Reuters) - AT&T Inc's quarterly profit topped Wall Street estimates on Tuesday as the No. 2 U.S. wireless carrier introduced new promotions bundling video with phone service that helped to attract customers. Chipotle profit doubles, shares rise LOS ANGELES (Reuters) - Chipotle Mexican Grill Inc's profit more than doubled in the latest second quarter, sending shares of the burrito seller up more than 2 percent in after-hours trading on Tuesday. House panel wants Google, Facebook, AT&T CEOs to testify on internet rules WASHINGTON (Reuters) - The chairman of the U.S. House Energy and Commerce Committee on Tuesday asked chief executives from companies representing the two sides of the net neutrality debate, including Alphabet, Facebook, AT&T and Verizon, to testify at a Sept. 7 hearing. Apple CEO promised Trump to build three manufacturing plants in U.S.: WSJ (Reuters) - Apple Inc Chief Executive Tim Cook has committed to build three big manufacturing plants in the United States, the Wall Street Journal quoted U.S. President Donald Trump as saying. Geek fight! Musk says Zuckerberg naive about killer robots SAN FRANCISCO (Reuters) - Silicon Valley baron Elon Musk insulted rival billionaire Mark Zuckerberg on Tuesday, escalating a tech wizard war of words over whether robots will become smart enough to kill their human creators. BMW halts project talks after Daimler blew whistle: Sueddeutsche BERLIN (Reuters) - BMW has suspended talks with Daimler on future cooperation projects after its rival disclosed alleged collusion among German carmakers to cartel authorities, Sueddeutsche Zeitung reported on Tuesday, citing industry sources. Options traders bullish on Facebook ahead of second-quarter results NEW YORK (Reuters) - As Facebook Inc geared up to report second-quarter results on Wednesday, traders in the options market are exhibiting a greater degree of bullishness in more than a year, options data showed. Custom burgers, $1 drinks boost McDonald's sales; shares jump (Reuters) - McDonald's Corp on Tuesday posted its biggest jump in global sales at established restaurants in five years, helped by stronger traffic worldwide and U.S. initiatives including drink specials and custom sandwiches. Related Video McDonald's shares hit record as premium sales sizzle Breakingviews TV: M&A for books Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today News you can use with actionable, timely advice for managing your financial life, including retirement, taxes, real estate, education and more. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook