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June 27, 2024
Slightly in the european markets for this thursday morning. The tenyear note yield crossed that 2. 5 level and now 2. 572 is where we find ourselves with wti firmly above 50 a barrel as well. Lets get to our road map this morning. And it starts with the markets. Of course we are still on 20,000 watch for the dow. Lots of data as well to digest this morning. And in president elect Donald Trumps meeting with defense ceos, what did boeing and lockheed say . And what are they saying now . And two mo...
June 27, 2024
Good afternoon, im kenny choi. Im anne makovec. Ivanka trump left jfk airport with her husband and children on a jetblue flight this morning. A couple of her fellow passengers were outraged that she was on board and they werent afraid to show it and a new york man Matthew Lasseter tweeted that jetblue staff kicked him and his husband off the flight after overhearing his husbands berating remarks about president elect trump. Earlier he and his husband said he was chasing the couple down in the te...
June 27, 2024
Turner, kpix 5. The last time president elect donald trump was in the bay area, protestors made it impossible for him to enter the Convention Center through the front door so his motorcade stopped along 101 and trump and his entourage walked past the barricade and climbed up an embankment to the back door. New at 5 00 california didnt want em if uber wasnt going to to play by the rules so now a fleet of Driverless Cars are on the way to arizona. They left on flatbeds today. Uber plans to start a...
June 27, 2024
For just eat. It hits the bottom of the stoxx 600 as orders slow in the Fourth Quarter. But the company says it is on track to deliver on fullyear results. The president elect names his soninlaw, jared kushner, as his Senior Adviser. The Incoming Administration claims the move will not violate nepotism laws as the role is unpaid. Good morning, everybody. Really glad youre with us. Do does it make a difference if a Senior Adviser role is paid versus unpaid as far as nepotism . Interesting one. Sh...
June 27, 2024
J jim, a remarkable quarter, best quarter ever for a financial. All i can say is there will be many more many better quartequarte quarters ahead. Heres what i think. Whether its the jpmorgan or the financials in general, its a barometer for the overall market. When you look at the chart for the banks or overall market we stabilized for the last month or so after that tremendous trump rally. Does it get given back before we go higher . I submit to you, no. Based on these earnings and granted were...
June 27, 2024
Wow. 20 . Thats thats a real add on to the 5,000. Thats real money to people that are yes. I heard Carl Quintanilla say yesterday weve seen more points added to the nasdaq this year than all of last year and its only february. Six weeks into the year. Theyre doing some kind of calculation again on historically in a new president , the quickest stock market gains out of the gate. Is this this month is the fastest. Since lbj. This must be from january 20th. This is from the inauguration. Its funny...
June 27, 2024
Legislation. Our roadmap begins with signs of confidence and optimism, those are the words of the president as stocks notch their longest record setting streak in a quarter century. Plus, trumps cabinet trouble. The president s top pick for labor suddenly withdrawing from a nomination with nearly half of his cabinet and Administrative Team still yet to be confirmed. Snap valuing itself between 19 billion and 22 billion as the owner of snapchat prepares for one of the most hotly anticipated ipos ...
June 27, 2024
Representative kevin brady last night. We have two Top Economists to weigh in. Federal prosecutors are reportedly investigating 21st century fox over whether it should have disclosed information about Sexual Harassment settlements. Those details as well. Lets get right to the latest. Eamon javers and kayla tau xi are at the white house. Reporter a bit of an airing of grievances from the president on a number of subjects. We did hear some Important Information about the sequencing of his legislat...
June 27, 2024
Not being led by the trump trades but led by things like technology, which quite frankly you could even look at some of these names as antitrump trades. These are the companies that require Foreign Workers in large numbers in order to fill engineering and programming jobs. These are companies that maybe didnt get off on the right foot are mr. Trump. The Leadership Teams at these firms were in fact opposed to him prior to the election. So these are leaders it shows what you can do with narratives...
June 27, 2024
But theres something in the charts thats indicating the run might be done and well tell you how to cash in. The action begins right now. Lets get right to it because the banks have gone from hot to not. Financials, the worst first of alling sector in the last month, down more than 4 and the selloff comes as jpmorgan, citi, wells fargo kick off Big Bank Earnings next week. So could there be more trouble ahead in the space. Dan . Whats interesting to me is bank stocks massively outperform since is...