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June 29, 2024
Good morning a warm welcome to Worldwide Exchange on cnbc. Im wilfred frost. Sara eisen is off today. A quick check in on the futures market they are pointing higher, albeit only slightly by 20 points or so for the dow. The nasdaq and the s p fractionally positive. This comes off a day when we had a trifecta of record closes. The gains were small the dow up 2 , the s p and nasdaq up 0. 1 fair to say markets pausing for breath a bit ahead of that fed decision much more on the markets in a moment ...
June 29, 2024
Carl quintanilla joining us Spark Capital quinn and roger, good morning to you both pressure continues to mount on Silicon Valley as u. N. Today, leaders from the uk, france and italy will call on social Media Companies to remove terrorist conten from their sites within two hours or be held liable for content on their platforms facebook, microsoft and alphabet are attending todays summit roger, it is sort of a continuation of the political pressure they are getting from all sides. To me its legi...
June 29, 2024
Cryptocurrency. Why one leader in the industry says consensus between opposing camps seem unlikely. We will be asking that question, but first julie hyman is worth us with us halfway through the trading day. It looks quiet. Julie it is quiet in terms of people waiting for the fed. The dow and s p turning a little bit higher. The dow could rise for the ninth straight session. The nasdaq is lagging, but look at the transportation average, up 1. 5 . Really rocketing upward, especially relative to t...
June 29, 2024
Rally pause. Futures are flat as investors await further futures from the feds on its interest plans call it the amazon effect. Shares of bed, bath beyond slashes fullyear outlook. The most destructive storm in modern history puerto rico suffering that direct hit from maria. After another day of record highs for stocks, wall street focusing on the fed which wraps up its twoday policy meeting this afternoon the policy Statement Due at 2 00 followed by the News Conference a half hour later. The wa...
June 29, 2024
Moss beach at 60. Atherton, 60 degrees. Pretty close. Look for a lot of cloud cover. By this evening, the system will sweep through and there will be a dramatic change tomorrow. 60s and 70s on the temps today. 7 01. And sal tells us. Yes. We have the crash on the way to the bay bridge, steve. Okay. If you drive to the bay bridge, dont take the 880 ramp. It is getting crowded. The crash has been there for at least half an hour. A little north than that. 880 to the connector ramp to westbound 80. ...
June 29, 2024
Citi reiterating its bullish call and aluminum getting a nice pop, at the highest level in five years. David we will be bringing you live coverage of the blue ball Bloomberg Global business form. We have a panel between Christine Lagarde, the Prime Minister of canada and the netherlands, and larry fink of black rock. That begins at 8 30 a. M. This morning right here in new york. Lets get an update on what is making news outside the Business World. Hurricane maria made landfall in puerto rico. Th...
June 29, 2024
Me jim cramer heres the question, how many games of domino can you play at once if youre a stostock broker youn play three at once the nasdaq declined. 08 and that was a lot todays dominos, we got three of them apple specifically issues with the apple watch but also some concerns that the foe may not be that phone may not be that strong General Mills. And one more miserable quarter from bed, bath and beyond. Lets start with the most visual, the decline in apple there was another approximate caus...
June 29, 2024
Across puerto rico. This is without a doubt the most dangerous storm in our generation. It is possibly the most dangerous storm in a century. The very latest coming up on the hurricanes path and the devastation and how it will affect finances of the already struggling island of puerto rico. Futures indicate the markets are open fractionally. Very much a fractional day here, very much break even. We will see a News Conference in comments from chair janet yellen at 2 15 p. M. Eastern. No change in...
June 29, 2024
Devastating. Two politics for the president stole the stage at the u. N. General assembly warning north korea, you provoke us or our allies, we will destroy you. General jack keane moments away on that. Despite all those headlines as we say the market in record yet again. More alltime highs expected just a halfhour from now as investors wait for janet yellen this afternoon. Also waiting for word on Health Reform. The gop we are told one or two votes short of getting it done. Three top senators w...
June 29, 2024
S p indicated up fractionally. The nasdaq up fractionally as well overnight in asia, the nikkei ended higher it was up by 11 points thats still a win hang seng was up by a quarter percent. So was the shanghai composite. This morning and in some of the early trading weve seen take place in europe, modest advances actually things are relatively flat the cac is up by 0. 1 . The ftse is flat the dax is flat. Well see how things react as we get deeper into the trading day. Lets look at crude oil pric...