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June 21, 2024
Jobs number friday. Markets slipping after weak overnight data. Present hitting new fiveyear low. The dow as we said within nine points of 18,000 and retreating today. Merck buying cubist more than 18 billion and cash. Comments late in the hour. Mcdonalds delivers another weak number. Sales missed the street, down 2. 2 worldwide. More than that in the United States. Well get to all of that later on. But first up, dow and s p, each posting a sevenweek winning streak since late november of last ye...
June 21, 2024
That happened as he walked through times square during that demonstration. President obama spoke from the white house asking protesters to remain peaceful. First and foremost, we are a nation built on the rule of law. And so we need to accept that this decision was the grand jurys to make. There are americans who agree with it and there are americans who are deeply disappointed, even angry. Its an understandable reaction. But i join michaels parents in asking anyone who protests this decision to...
June 21, 2024
Now the tech giant is dropping the nokia brand title months after it completed that transaction in its hand set business. So there goes the beginning of the end of nokia. Separately, ford will begin production of its resigned f150 today. The vehicle now has an aluminum body and the f150 has been the nations best selling vehicle for 32 straight years. Well see whether they can keep that up. Fill lebeau will join us with mark field at 7 30 eastern time to talk about it. And june per networks ceo i...
June 21, 2024
It is a tesla mystery. The market d. There it is. The market likes it. The stock is up almost 3 today, but what does d mean . First to sue at the nyse. Hi, sue. Hi, ty. There was another tripledigit loss in the dow earlier. Its trying to fight its way back. Lets get you up to date. The dow right now is down 47 points. But as we said, it was down triple digits. S p is down 7. 5 . Nasdaq is down 13 . The yield on the tenyear note holding at 2. 41 . Ty mentioned oil. It continues to plunge. Brent n...
June 21, 2024
To fall. Interestingly, not putting much downward pressure on the stock market. Also, Commodity Futures Trading Commission head timothy mass 5 2k joins us after announcing the settlement with the banks. There are some smoking gun chat room messages you have to see on this story which has some wondering why the penalties announced were not greater. Well get into that and more with Timothy Massad coming up momentarily. Two earnings are out in an hour. Cisco and jcpenney. Well bring you the numbers...
June 21, 2024
We have no plans to slow down. Our goal is to bring you access to many of the biggest news makers in attendance. Steven schwarzman will be joining us in a few minutes. We have three big stories were watching. Earnings season is in full swing. Then this afternoon, american express, ebay and Discovery Financial and december Housing Starts and Building Permits at 8 30 eastern time. Both ratings are expected to rise by a percent and a debate is stirring after the state of the union last night. The e...
June 21, 2024
Latest Monthly Oil Market report today. Theres a weekly u. S. Oil data due at 10 30 eastern time. Ahead of those reports, weve been watching oil prices. Up this hour, you will see holy cow, below 63 a barrel. Down another dollar. 62. 79 a barrel for wti. Weir watching the trickle down impact of dropping crude prices. The u. S. Energy price are cutting its prediction for next years Energy Prices to the lowest level since 2009. 2. 60 a gallon. If that happens, u. S. Drivers will save 100 billion o...
June 21, 2024
Here. The umt n. Calls for a ceasefire in gaza since the deadliest day since the conflict started. The death toll from the conflict now topping 500. Changes at the top for tesco. The ceo Phillip Clark will step down in october to be replaced by a relatively unknown dave lewis. Investors say this is sending shares higher. And shares tumble in dubai because of uncertainty about its largest builder. Aerotech. Youre watching Worldwide Exchange. Bringing you reports from around the world. The fightin...
June 21, 2024
Its great. And for you, especially. It was your idea. Its great for all of us. Lets get you caught up on the business headlines this morning. Three big stories we are watching right now, oil prices are up plunge again. Main benchmarks trading at 5 1 2 year lows. Brent dipping below r50 for the First Time Since may 2011. The latest Oil Inventory data is out at 10 on 30 a. M. Today. The adp employment report is coming at 8 00 a. M. Eastern time. Then we go minutes from the latest fed meeting. And ...
June 21, 2024
Season of shopping. Well try to clear things up with that man. Well speak exclusively with hsn president bill brand. What a perfect name for the Marketing Executive at hsn. New official name of what we have known for years as Home Shopping network. Well find out what the sales were like and the plans for the future. Speaking of shopping, we are calling it retail fatigue and you may be having it. If every time you open the email and retailers pitching the deals for Free Shipping or big discounts,...