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June 23, 2024
So here we are at the end of a long week here. It was a very long week. So you were of course i was in switzerland. I was covering xi jinping but lets talk about the markets since we are hooking at a big rally yesterday with the Dow Jones Industrial up 29 points. The implied open is telling us the s p 500 is up 9 points. Dow jones is higher by 30 and the nasdaq called up by 80 points. Lets talk earnings and so many of them and big names coming out after the bell. That includes amazon. Amazon. Co...
June 23, 2024
For investors that techs big run may be running out of steam and fast. But we do begin with the world of daily Fantasy Sports under fire. The new York State Attorney general ordering two of the biggest players in the space to stop accepting bets. Mandy, whether or not you believe daily Fantasy Sports is gambling, Eric Schneiderman says it is and its the illegal variety. Now, as new york states top Law Enforcement official, his word carries a lot of weight and like you said, hes demanded that fan...
June 23, 2024
Bell remotely from beijing. Well get that in about a half hour. Tim farley of the nyse on the left there. Mcdonalds wrapping up its investor day yesterday laying out a performance day for last year saying it expects a pick up in sales. Shares of mcdonalds hit an alltime high yesterday. Joining us at post nine is Steve Easterbrook, ceo of mcdonalds. Great to have you here. Great to be here. Street liked what you said. You said the words gaining traction. Analysts trying to pin you down on whether...
June 23, 2024
Making hardware into cloud computing. Ibm reported earnings of 3. 34 a share. That was four cents better than estimates. Thats the good news. But revenue fell nearly 14 from a year ago, coming in at 19. 28 billion. And that sent shares of the dow component initially lower in afterhours trading. In an interview after the results were released ibms cfo talked about the decline in revenue. Within the revenue we report we obviously have a pretty substantial currency headwind that we continue to deal...
June 23, 2024
Making hardware into cloud computing. Ibm reported earnings of 3. 34 a share. That was four cents better than estimates. Thats the good news. But revenue fell nearly 14 from a year ago, coming in at 19. 28 billion. And that sent shares of the dow component initially lower in afterhours trading. In an interview after the results were released ibms cfo talked about the decline in revenue. Within the revenue we report we obviously have a pretty substantial currency headwind that we continue to deal...
June 23, 2024
In fact, stocks just logged their best month. Not just october but any month in four years. The dow and s p 500 gaining more than 8 for the month while the nasdaq surged nearly 9 1 2 . Investors attributed the big runup to mostly Solid Earnings reports and easy Monetary Policy from Central Banks around the world. As for today the Dow Jones Industrial average fell 92 points to 17,663. The nasdaq fell 20, and the s p 500 off 10. An 8 move in the dow in october is a relatively rare event, and that ...
June 23, 2024
Making hardware into cloud computing. Ibm reported earnings of 3. 34 a share. That was four cents better than estimates. Thats the good news. But revenue fell nearly 14 from a year ago, coming in at 19. 28 billion. And that sent shares of the dow component initially lower in afterhours trading. In an interview after the results were released ibms cfo talked about the decline in revenue. Within the revenue we report we obviously have a pretty substantial currency headwind that we continue to deal...
June 23, 2024
In fact, stocks just logged their best month. Not just october but any month in four years. The dow and s p 500 gaining more than 8 for the month while the nasdaq surged nearly 9 1 2 . Investors attributed the big runup to mostly Solid Earnings reports and easy Monetary Policy from Central Banks around the world. As for today the Dow Jones Industrial average fell 92 points to 17,663. The nasdaq fell 20, and the s p 500 off 10. An 8 move in the dow in october is a relatively rare event, and that ...
June 23, 2024
In fact, stocks just logged their best month. Not just october but any month in four years. The dow and s p 500 gaining more than 8 for the month while the nasdaq surged nearly 9 1 2 . Investors attributed the big runup to mostly Solid Earnings reports and easy Monetary Policy from Central Banks around the world. As for today the Dow Jones Industrial average fell 92 points to 17,663. The nasdaq fell 20, and the s p 500 off 10. An 8 move in the dow in october is a relatively rare event, and that ...
June 23, 2024
At the end of the day. Take a look at nike, thats been a big help to the dow, popping after yesterdays stock splint, they told it about it after the bell. We will tell you why much of the streets still bullish after all of these moves. When the last time a Company Split their stock in it happened all the time in the 90s. It started to happen a little bit once we got that round after 2009, things started to come back. Apple obviously did it and there was another example of a company that was unde...