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June 24, 2024
To be a year where in the absence of a compelling product story, stocks are going to be they are just not going to do that much. Facebook stands out fundamentally because it is in the midst of a very powerful product cycle relative to video and some of the other new features that they have, but for most of the big tech companies, this is a year that they are just going to be trying to build toward whatever comes next. While they are building toward whatever comes next, telecom actually just took...
June 24, 2024
Cnbc. So kevin oleary is that what happened yesterday . Did janet yellen give you reasons to keep buying stocks . She gave me no choice. Its that simple. She has kept the entire fixed income and told me have to go equity if i want 3. 4 yield. But getting into stretched evaluation. You certainly seem to bring more clarity to what was a convoluted feel about where we were. Look at the markets today. Biotech crossing the 50 Day Moving Average. Emerging markets up month to date. What do you see . Sh...
June 24, 2024
Cant really break 40. A little tough. You know. Elon musk is the reason. Among the other top stories, president obama will meet with fed chair janet yellen on the state of america, on global economies and wall street reform and longterm economic outlook. Vice President Biden will also attend. The meeting is closed to the media. The earnings highlights, alcoa after the closing bell. Unofficial start to the earnings season is always alcoa. Jpmorgan reports on wednesday. On thursday, bank of americ...
June 24, 2024
Protesters in seattle. Can the left demonstrate without being violent. We have several answers today and looks like it might be no. A student at umass goes ballistic because the conservative speaker on campus actually criticized feminism. Wait until you hear this. And the man who killed usama bin laden, rob oneill joins us in 15 minutes and hell talk about the fifth anniversary of that historic night. Varney company is about to begin. Is. I was born in a small town thats indiana native, john cou...
June 24, 2024
Shaping up for a second day of gains. Futures positive of 65 points on the dow. Overall it seems like market this morning. Theda lets go around world for indepth coverage of our top three stories. Robin ganguly is in hong kong. Matt miller is here in new york. And Francine Lacqua is in zurich. Lets start with francine. Why the big jump in the stock this morning . The jump in the stock is basically because we had earnings that were not great but they were better than analysts thought they would b...
June 23, 2024
First, lets check in with mandy at the new york Stock Exchange. Hi there, tyler. Hello, everybody. We have a selloff here on the street. The dow is back in correction territory although we are off the very worst levels of the day. The dow is down by about 284 points. Now its down by 235. S p down by 24 and the nasdaq off by 48. I have bob pisani on the floor of the Stock Exchange to explain what is going on. I guess maybe for one day weve got a reprieve where we can stop obsessing what the fed i...
June 23, 2024
He was he was krzyzewski before krzyzewski. Sir Alex Ferguson shares his secrets to successful leadership. Indeed. But we do begin with that biggest tech deal of all time with dell buying data storage and security giant emc for 67 billion. The ceos of both companies on cnbc speaking about what this merger means for them and for investors. But this mega deal also raises questions about who is going to be next. I hope youve been doing some digging and you have some answers for us josh lipton in sa...
June 23, 2024
Drop in quarterly sales, and it lowered its Earnings Guidance for the year, something many investors dont want to see heading into the Holiday Season. And that sent shares lower, falling nearly 14 , its worst day since 2008. Courtney reagan has more on macys meltdown. Reporter for the second straight quarter, the magic was missing at macys. The Department Store beat profit expectations but reported disappointing sales and cut its fullyear earnings forecast. Ceo Terry Lundgren said many of the is...
June 23, 2024
Drop in quarterly sales, and it lowered its Earnings Guidance for the year, something many investors dont want to see heading into the Holiday Season. And that sent shares lower, falling nearly 14 , its worst day since 2008. Courtney reagan has more on macys meltdown. Reporter for the second straight quarter, the magic was missing at macys. The Department Store beat profit expectations but reported disappointing sales and cut its fullyear earnings forecast. Ceo Terry Lundgren said many of the is...
June 23, 2024
Drop in quarterly sales, and it lowered its Earnings Guidance for the year, something many investors dont want to see heading into the Holiday Season. And that sent shares lower, falling nearly 14 , its worst day since 2008. Courtney reagan has more on macys meltdown. Reporter for the second straight quarter, the magic was missing at macys. The Department Store beat profit expectations but reported disappointing sales and cut its fullyear earnings forecast. Ceo Terry Lundgren said many of the is...