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June 29, 2024
Stocks are getting a bounce following the worst trading day in week and bochnd yields contie to be the story. Ten year is the lowest since november joe, is this time to worry about what is happening with yields . I think its time to be concerned. Overly worried, no, because this is something that for the better part of 2017 its been part of it weve been normalizing rates, but yet the u. S. 10 year has the inability to really lift itself to the surprise of many. So a break below 2 respect about, ...
June 29, 2024
Across the board with the exception of the italian ftse. A quick look at wti crude right now, wti if youre buying it buy the barrel, you can do it for 48. 91. Hurricane irma one of the most powerful atlantic storms in a century. Its churning its way across the caribbean towards florida. Kalee dionne joins us live from cnbc headquarters. Whats the path . Reporter the path is westnorthwest at this point the question still lies when will it turn to the north . Thats something well be watching throu...
June 29, 2024
Im Brian Sullivan believe it or not, oil is helping you and your money today. Crude trying to claw back to 50 bucks an hour pushing exxon and chevron higher leading to gain for the dow up 70 points other stocks to watch today, sarepta. And trivago investors losing 20 perce20 of money heres what else is happening at this hour the house getting more than enough votes to provide Hurricane Harvey relief. It now goes to the senate for a vote the fed number two stan fisher stepping down in october for...
June 29, 2024
Gauge the economic impact. Two key quotes from the boston district. Restaurants from the berkshires, cape cod, the shore, experienced staffing shortages those historically relied on Seasonal Workers needing h2b visas. Labor shortage had negative effect on revenues in the high tourist summer season. Political situation is negative influence on hiring. Health care reform was singled out as a source of instability as job applicants seek employerbased coverage as the top job benefit. The headline he...
June 29, 2024
Word moderate, it is not in there. Democratic leader chuck schumer. Nothing moderate about him or nancy pelosi, on a threemonth extension for the debt ceiling and funding for the government. A deal that has congressional conservatives fuming. Well take you there live when the president begins. David all happening right now. But markets first. Getting a bump from the president s announcement that would clear the decks for a tax cut. Quickly to Nicole Petallides from the floor of New York Stock Ex...
June 29, 2024
North dakota where he talked about tax reform and of course about Hurricane Harvey, Hurricane Irma well get to that later on in the show but what was really big news before he left washington president had hammered out a deal. On a temporary height for the debt ceiling and so something that would provide immediate relief funding for the victims of Hurricane Harvey remember this morning, you had everyone saying theres no way they could get this done they could not agree to fund to get the continu...
June 29, 2024
Republicans dane to take up the work. President announced deal shortly after meeting with leaders from both political parties. We had a very good meeting. We essentially came to a deal. I think the deal will be very good. Very good and cordial professional meeting. We have an inextension that will go out to december 15th. That will include the debt ceiling, it will include the crs and it will include harvey, the amount of money to be determined. Because everyone is in favor obviously taking care...
June 29, 2024
Work. President announced deal shortly after meeting with leaders from both political parties. We had a very good meeting. We essentially came to a deal. I think the deal will be very good. Very good and cordial professional meeting. We have an inextension that will go out to december 15th. That will include the debt ceiling, it will include the crs and it will include harvey, the amount of money to be determined. Because everyone is in favor obviously taking care of that situation. We all very ...
June 29, 2024
Slightly the nikkei up by 0. 2 . Shanghai composite under pressure as was the hang seng, down by a third of a percent the hang seng down by a third of a percent, shanghai composite down by a half percent in europe, in early trading, mostly green arrows. The dax is up by almost 1 the cac in france up by a half percent. If you check out crude oil prices, yesterday up 1 to 49. 16. This morning wti back down to 48. 99. Lets get an update on Hurricane Irma heres what we know. The most powerful atlant...
June 29, 2024
Speaks claims do jump to 298,000. Our road map begins with cohn on the outs the president no longer considering him as the next fed chair. Plus bracing for one of the most powerful atlantic storms ever recorded. Hurricane irma is is battering puerto rico overnight. Deal maker and chief, President Trump stunning republicans making a debt and harvey funding deal with democrats. First up stocks are aiming for a second straight day of gains following tuesdays sell off. Coming off its 7th positive se...