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June 25, 2024
Retail stocks have been all over the place this month. And brace yourself. Because our resident chart master says the space could be in for even more volatility. The action begins now. As the market has called to new highs, investors have been running out of the socalled safety trades. Utilities down 5 and 6 . With the possibility of a september hike on the table, could it be time to get back into these socalled safe haven assets . Mike . Well, not all of these are created equal, so some of the ...
June 25, 2024
We are near 70 degrees in philadelphia middle 60s down the shore. Lower 60s in the lehigh valley. We will look closer at our suburbs, cooler in mount holly at 63 degrees right now. We are at 63 in quakertown. Sixtyfour in willow grove. Storm scan three is showing us trend over last couple of days, High Pressure in control nice clear skies, conditions and notice disturbed weather off to the west moving into western pennsylvania and that is in association with the slow moving cold front that will ...
June 25, 2024
Do we call him dr. Sunshine. He likes to say dr. Realist. Allergan could be buying a it had a market cap of 90 million and theyre buying it for 1. 7 billion. All because the Bio Tech Companys progress in fighting a certain type of Liver Disease. We will look at what other companies could be takeover targets in that space because of this takeover here. We are keeping an eye on markets. The dow is up 50 . S p is up five. Nasdaq trying to participate. Lets get to our top story. Wells fargo ceos tes...
June 25, 2024
Good morning. Happy friday. Welcome to cnbc. Im sara eisen with don choo. Been in all week. Its been great to be here. Filling in for wilfred frost. Hell be back next week. It is new music friday. Kicking your day off with brand new brittany spears. Sounds the same. She can pump me up though. More brittany news later in the show. Lets check in on Global Markets. U. S. Futures another mini selloff yesterday. Importantly, the nasdaqs first back to bake daily decline in two months. Were flat this m...
June 25, 2024
Could get and Retail Stocks have been all over the place this month. And brace yourself. Because our resident chart mast master says the space could be in for even more volatility. The action begins now. As the market has called to new highs, inhaves tors have been running out of the socalled safety trades. Utilities down 5 and 6 . With the possibility of a september hike on the table, could it be time to get back into these socalled safe haven assets. Mike . Well, not all of these are created e...
June 25, 2024
Week on wall street and the dow component pretty much responsible for keeping the blue chip index in positive territory for the week as the Company Releases its iphone 7 smart phone. We will look at whether it is worth upgrading and whether the stock can keep rallying. Twitter moving higher after streaming its first nfl game last night. It was kind of cool. Pretty cool. We will get the ratings any minute now and tell you what they mean . And the government fining Deutsche Bank over Mortgage Secu...
June 25, 2024
And also at one market in san francisco, mike isaac. Good morning to all of you. We start of course with that apple story. U. S treasury secretary jack lew with some stuff tough talk about the 14. 5 billion dollar ruling that came yesterday. The decision creates an environment of uncertainty. Our concern with European Commission action is that it is using a state aid theory to make tax law and it is doing it in a way thats retroactive and overrides National Tax Law authority in our view and we t...
June 25, 2024
Retail stocks have been all over the place this month. And brace yourself. Because our resident chart master says the space could be in for even more volatility. The action begins now. As the market has called to new highs, investors have been running out of the socalled safety trades. Utilities down 5 and 6 . With the possibility of a september hike on the table, could it be time to get back into these socalled safe haven assets . Mike . Well, not all of these are created equal, so some of the ...
June 25, 2024
The markets. Rally in the homebuilders surging on bullish housing news. Julys new home sales hitting a nineyear high and a blowout quarter, so, is now your best opportunity to move into the housing trade . I think theres more to do here. You think about where Interest Rates are and theres a nice lead time. The implications for the homebuilders, but also home improvements. I think you can look across the spectrum. Bottom line is you saw housing start last week. Were still well below bubble territ...
June 25, 2024
To a 100 chance they dont raise rates on wednesday. Were going to dig in. Either way, among the biggest winners of the s p 500 right now, michael kors and general motors. Well get more on gm later on in the show. Welcome to power lunch. Im tyler imagimathisen. Here is what is happening on this busy news day. Were awaiting a News Conference from the new York City Police commissioner. New york city mayor. And the u. S. Attorney for the Southern District of new york. Following this weekends bombing...