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June 23, 2024
A new potential revenue stream for twitter. The Company Announcing a new video ard strategy, looks very similar to you tubes. We will discuss whether this could help turn the struggling social network around coming up. Elon musk has harsh words for apple, calling it the tesla graveyard. Yes, his words. Fourown grades for his company this week, is musz k getting scared of increasing competition . We will discuss. Tough week for tesla and elon musk. Lets start with the big moves. Weve been seeing ...
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
200mileanhour winds and its heading right toward mexico. Were tracking this very dangerous situation. We begin with the rally on wall street with another big rally. This time its thanks to a rate cut by china and also some very good earnings right here at home. For the technicians out there, the dow, the s p, and the nasdaq have crossed above their 200 day moving averages with the s p now going positive for 2015 joining the nasdaq in that camp. The dow is still negative yeartodate. Were on watch...
June 23, 2024
Hearing from honeywell as well. A few reports of note, 9 15 eastern time Industrial Production and then at 10 00 its Consumer Sentiment and the jolts report. Thats the job earnings and Labor Turnover survey thats closely watched. Big stories this morning, investors putting money to work in the latest week. The u. S. Stock based mutual funds attracted 2. 5 billion. This reversal following 8 billion of outflows during the prior week. Also in global news a big test for greeks left wing Prime Minist...
June 23, 2024
Coming up, well tell you whats behind the crude comeback. Thats coming up in just a moment here. Janet yellen and the fed leaving rates unchanged for now, but a warning that a hike could come in december. Well look at the impact that theyre having. Meanwhile, hes at it again. Carl icahn revealing hes taken a large stake in insurance giant aig and hes urging the company to split into not two, but three separate companies. We have the latest details on that. The stock has been up about 4 or 5 in t...
June 23, 2024
Showdown between political allies. It would be one of the largest tickers of all time. Pfizer and allergan are in preliminary discussions about getting together. Our first look at Third Quarter gdp, coming in at 1. 5, slightly lower than estimated as yesterday is in the red first up, a lot of action during last nights republican president ial debate. The candidates discussed numerous topics, the economy, taxes, the fed and entitlement reform. One of the biggest moments involved former governor j...
June 23, 2024
Bank of america and wells fargo beat, jpmorgan falls short. Results from delta and intel. Both coming ahead of consensus. And the read on retail sales slightly below expect tatioexpet Doug Mcmillan giving a rosier assessment. Bank of america had good Third Quarter results. Wells fargo had a beat as well. Its loans helping to lift profits. And jpmorgan missing with its quarterly results. Jamie dimon spoke about his banks expenses on last nights Conference Call. I spoke my whole life on good expen...
June 23, 2024
The debt ceiling and budget, can their winning streak continue . And the real read on the American Housing market. One area that is on fire now and fueling growth for Home Builders. The Third Quarter reporting season is just getting under way. There are already fears about earnings in the current or fourth quarter. Bob pisani on the floor, what is fueling the concerns, bob . Revenues. And youre right. Were in the middle of q3 earnings season. The professional community is already concentrating o...
June 23, 2024
As for stocks this morning, lets take a look at the futures. Youll see right now that it looks like the futures are indicated a bit lower. Of course this is coming after 7 days in a row of gains for the dow. Its the first time its strung together 7 days in a row of winning streaks for the entire year. The dow futures are down by 85 points. S p futures off by 10 and the nasdaq by 28. Imports and exports both down. In the baltic. Theres a Cocktail Party and theres one to drop the baltic index whic...
June 23, 2024
Losses. Hillary clinton takes on president obama saying she does not support his transpacific trade pact as she outlines her plan to take on wall street if she becomes a democratic candidate. The story of the day. Lets check in on european lenders and they paired back their losses at the start of the session. This is because germanys largest bank stunned investors by announcing a record 6 billion euro loss and in an exercise in what theyre calling kitchen sinking we have him outlining a slew of ...