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June 29, 2024
Up too far too fast. The stocks are over value and due for a full usually forgetting something something big. Theyre forgetting the power of take overs when one company buys another it can create so much value that you want to slap yourself in the face then theres the pin action. Whenever you get a deal tends to boast the value of all stocks in the same sector which drives up the market dow gaining 17 points. S p up and nasdaq point up. 01 . When has borrow made overtures to mattel mattel stock ...
June 28, 2024
Better sales, higher profits from our Great American companies are why this market sometimes feels like you can buck anything. Dow gaining and nasdaq advancing 6. 9 to a new all time high even as the price of oil plummeted and the president s tax plan seems like it could be a real stretch to get through congress. First let me reiterate what i said all along about the markets doing really well. Not about trump or the tax cuts or the fed or the overall economy. Im not saying washington is a sidesh...
June 28, 2024
You. Well talk about the Senate Healthcare bill, Oakland City Councilwoman kaplan will be in here to talk about the homeless situation and a 14 million injection in to the city regarding that. Ivan rabb. Thats right. I hope he goes in the first round. Dont forget our friend derek carr. What do you think . I think raiders fans are happy. Without derek carr, the raiders go back to being the battled raiders. Hes been a franchise changing quarterback. In case you didnt hear this, five years, 125 mil...
June 28, 2024
Good morning, everyone. This is bloomberg surveillance. This hour, we are joined by the global head of strategy at martins family Morgan Stanley. We also talked to the current coo and soontobe ceo of the bank of morreale. In the meantime, we have a little bit of breaking news. Pmi out of the eurozone. This is exactly what we are getting. We are looking for a little bit of euro reaction. Pmi falling to 55. 4. And little bit better than expected. Not as strong as the month before, but they have be...
June 28, 2024
Some pressure across the board the nasdaq seven day win streak is in danger of getting cut short. It would be the longest win streak since february of 15 when we had ten straight mike santolli, another bifurcation in the behavior of the financials and tech today. You are seeing. That it seems on net the earning thats we have seen have not really given you reason for companies specific optimism. Goldman sachs trading down maybe just nothing fresh thats going to get your attention on the bullish s...
June 28, 2024
The border tax is dead. This was one of the Critical Issues in tax reform. This was about trying to keep tax reform revenue neutral. One of the ways was a border adjusted tax. About thisn talking 20 tax rate on Companies Domestic sales and imports. Staunch opposition to this. Paul ryan is telling republicans that border tax is dead. The question is, if thats the case, how are they going to finance tax cuts . Are they going to be just shortterm, not permanent . Otherwise, youre not going to be ab...
June 28, 2024
The border tax is dead. This was one of the Critical Issues in tax reform. This was about trying to keep tax reform revenue neutral. One of the ways was a border adjusted tax. About thisn talking 20 tax rate on Companies Domestic sales and imports. Staunch opposition to this. Paul ryan is telling republicans that border tax is dead. The question is, if thats the case, how are they going to finance tax cuts . Are they going to be just shortterm, not permanent . Otherwise, youre not going to be ab...
June 28, 2024
Alix they were never gone. David timeout for your morning brief. It is joel jobs opening data. The u. S. Treasury will auction off notes. Disney reports Third Quarter results after the bell today. Get update on what is making headlines outside the business world. We turned the emma chandra with first word news. Emma on capitol hill, republicans are discussing a compromise when it comes to overhauling the tax system. According to people familiar with the matter, lawmakers are talking about mixing...
June 28, 2024
You can watch his speech on Bloomberg Television at 9 00 new york time. I am emma chandra. This is bloomberg. Bloomberg technology next. Emily i am emily chang and this is Bloomberg Technology. The growing disconnect between Silicon Valley and washington. Our deep dive into the lobbying landscape as tech looks to bridge the gap. A new game but a familiar face emerges as the front runner in the search for ubers c. E. O. Could take the wheel at the ridehailing giant. A onceinalifetime event that u...
June 27, 2024
Mr. Tillerson after meeting on tuesday and they are expected to meet again in the next few days. Other two include familiar names. Mitt romney along with bob corker and Rudy Giuliani who we are told was offered and turned down the chance to head the department of homeland security. David petraeus is still under consideration though with three other generals already named to mr. Trumps cabinet there are concerns with naming a fourth. He did announce a pick for labor secretary and de andy puzder. ...