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June 24, 2024
The dax down by about a third of 1 after setting a fresh 2016 high just yesterday. Futures firm, dell futures up about 10 points. Switch up the board quickly. Dollaryen is up the most. That is a weaker japanese yen on a bloomberg report that the boj may offer banks loans with a negative rate. Should that have a fundamental impact on the fx market . We will discuss that later on. Crude keeps keeping crude keeps creeping higher. Shares in alphabet definitely at the top of my list today. Biggest lo...
June 24, 2024
Waiting for apple, the fed. Stocks are bouncing around in a very tight range. They opened higher, then they went lower. Now they are trading. S p is the leader. Earnings still remain in focus. Individual stocks moving on that rather than the entire market. Apple could change that. Eae a look for the latest on on the s p 500. The s p is orange for this current quarter. Im comparing it to energy and financials. We have already seen some of the countries in these Industries Report but not the major...
June 24, 2024
Welcome to the program, this is countdown. We have numbers coming through from the German Chemicals giant. They toldthrough we have numbers coming through that came through at 1. 9 billion euros, beating the estimate for the First Quarter. Going into these numbers, we could see volume putting pressure on cost and the product mix. We are looking out for anything they say on the ability to cut cost, also there are emerging market dynamics, as expectations for growth have been on the wane, and we a...
June 24, 2024
The hang seng was up about half percent. And the shanghai up about. 6 . The European Equity markets. This is the early trade. Relatively flat. The dax is flat. Cac is down less than. 2 . The ftsi up about a. 25 . And the italy index about 1. 5 . And spain just over 1 . And up about 0 30 cents. Brent up about 33 cents. Couple of big stories this morning. Bp reporting overnight. Quarterly profits dropping 80 . That topped expectations, oddly enough. The company says it now could cut Capital Spendi...
June 24, 2024
Cutting the number of rate hikes it expects this year in half. What that means for the markets. Shares of fedex are up on earnings and company taking a shot at amazon on its call yesterday. Plus jim cramer spoke to target ceo about competing with amazon. How hes positioning his company against jeff bezos. First up something that would have been nun thinkable. Dow and s p down 1 for the year after the fed reduced the number of rate hikes it expect this year from four to two. Futures moving lower....
June 24, 2024
The yen soaring on the news. Does that excite you . With kelly here. Kelly can yes she loves currency stuff. Its crazy. Talking about 108 . Just the move. Look at that chart. I dont have a lot of insight. But i think it is remarkable that it can get whip sawed like that. Everybody piles in thinking it can only get weaker and then here we go. Live by the sword, die by the sword. Anyone putting their foot on the accelerate anywhere around the world is usually a boost and i thought really . This ca...
June 24, 2024
While many investors are selling weve got an apple analyst holding ton his rating and well explain why. While tech is weak, energy is outperforming. Remember, this was the opposite last year. Were going to debate whether this tech weakness represents a buying opportunity. Also joel ackman along with Michael Pearson will get grilled on capitol hill. Theyre scheduled to testify after the close. We will have live coverage of that in the next hour. Lets tart with the tech wreck, an outperforming rat...
June 24, 2024
Another day with the dow and s p closing at 2016 highs. Despite an earnings season thats seen big misses. And today cocacola. Which begs the question, could we see new alltime highs if earnings continue to be lackluster, dan . Yeah, you can. It may surprise you coming out of my mouth, but you can. And its likely to happen. Heres the next pivot point you have to look at, the s p 500, the high in november here. If we were to fail in and around where we are right now, thats something that would giv...
June 24, 2024
Our roadmap begins with shares of amazon soaring in the premarket after a Solid Earnings report. Well dig into that report plus how amazons game plan is going after netflix. And becky catches up with Warren Buffett in omaha. And more on apples rough month. What does it need to recover . Exxon and chevron out with earnings. What you need to know about big oil and all the energy names leading the way isnt the s p this month. First up, amazon up sharply after posting its most profitable quarter eve...
June 24, 2024
Im sara eisen. And im wilfred frost. Good morning to you from me as well. And happy friday. Lets have a look at u. S. Futures. Sharp declines. Over 1 in the dow. Expected to open slightly positively. Essentially we are flat in the pre market but called higher by 4 points. And the s p by 1 and the nasdaq by about 17 points. Lets look at the 10 year treasure note. Yields ranging around 1. 7 and 1. 9 over the last three weeks. Chinas central bank fixing its currency t yuan higher. In fact at the sh...