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June 23, 2024
Vodafone has ended talks with liberty mobile for an asset swap. Cheers to s. A. B. Miller. The shares jump when 106 million could be paid for the brewer. Lets kick things off with our top story. Two reports other the weekend say volkswagen already knew about the i will legalities. In 2011 a vw technician pointed out unlawful practices. The question is though what they knew, when they knew. We also, by the way, have a new volkswagen ceomathias mueller taking over volkswagen. The former chief exec...
June 23, 2024
Between donald trump and his rivals. A lot of attacks too. Before we get to todays other business headline wes have a developing story for you. A major magnitude 8. 3 earthquake off the coast of chile shaking the country leaving 3 people dead. Waves of up to 15 feet pounding coastal areas. A billion people evacuated. This quake was to powerful that it was felt across the continent. Well tell you more about this as we continue to follow the story through the morning. Lets tell you about the big b...
June 23, 2024
And andrew ross sorkin. Well talk about the fed and the Market Reaction in a moment. But first, check this out everybody. Close friend of the show. Jordan spieth hitting a hole in one. Yes it happened on par 3. The par 3 2nd at conway farms golf club. Thats in lake forest illinois. One bounce off the run on to the green and right into the bottom of the cup. Wow. Okay. Lets get you caught up on the market news in the morning. Got to love that. U. S. Equity futures at this hour after the feds deci...
June 23, 2024
In just a moment. The premarket settling into some positions. More news on cable vision today. Japanese export data today, monday markets will be key. It starts to come in better than expected and the claims were down as well. In our road map today, u. S. Based cable vision in a deal. And more from the conference and a interview with the verizon ceo. And what ciscos chuck robins told jim last night. The day is finally here after fed policy makers wrap up their twoday meeting, well find out wheth...
June 23, 2024
From activist investor and its shareholder elliott management. Well have a lot more on the talks around dell and from a tech analyst in just a minute. Also Fiat Chrysler and the uaw reaching a tentative agreement on a new four year labor contract. They threatened to strike if a deal wasnt made by midnight. Also 40 pow uaw workers now must vote to okay that agreement. The last proposal was rejected by rank and File Union Members. Many retailers will report Monthly Sales today. Costco saying its s...
June 23, 2024
We like for the long term when theyre being pulled down by shortterm considerations . Worries like the one generated by the fed meeting yesterday. Yes, yes, the averages got hit today. Dow sinking 290 points. S p plunging 1. 6 . Nasdaq falling 1. 4 . Hideous but just remember how badly we could have been crushed if the fed had raised rates. Many of the stocks that managed to rally today like the higher yielders, the consumer Package Goods and the drug company, they need a weaker dollar including...
June 23, 2024
People and wounded several others at a Community College in oregon. The suspect was shot and killed after being confronted by police. President obama speaking out late yesterday saying that thoughts and prayers are not enough. This is a Political Choice that we make. To allow this to happen every few months in america. We collectively are answerable to those families who lose their loved ones because of our inaction. We will have a live report from oregon in just a bit. Business stories that wer...
June 23, 2024
Thats right, 50 lanes merge into just 20 lanes. We thought we had it bad here but check this out. This was hours with these people at a stand still. We show you this to make you feel better about things about yourself today. Some people abandoned their cars. That used to happen years ago in china. Maybe five or six years ago and then suddenly people would just walk away from their cars and into the villages. But wow. This makes me feel better about my commute today. You dont live in l. A. That d...
June 23, 2024
Well find out pretty darned quickly when the Chinese Market finally reopens for business. But i can tell you a lot of whats working in our markets with better numbers coming out of the peoples republic, not out of the united states. In fact, much of the strength we have seen in the last three days comes from a belief that the Chinese Government is working to refoot their economy, which helps explain todays strong results. S p advancing. Nasdaq too. Im seeing signs of hope everywhere. In china, t...
June 23, 2024
Hearing from ibm among others. One economic report the october National Association of Home Builders survey this will give us a snapshot of construction heading into the winter after a strong summer for the industry. All the big stories were watching. A top u. S. Security firm reporting that china actually tried to hack at least seven American Companies in the three weeks since that key meeting youll remember between washington and beijing leaders from the two countries which it agreed not to sp...