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June 21, 2024
Nations to say theyll join beijing despite u. S. Warnings. Good morning youre watching Worldwide Exchange. The Business Confident rising to 103. 7 versus consensus 99. 8 and better than expected. This is a rise in all fronts. The march overall Business Confidence index rising to 103. Consumer confidence that index has risen to 110. Back in line with expectations and this is versus february of 107 rises in the month of february. Lets have a look how the euro dollar is trading this morning. A litt...
June 21, 2024
Its deal with nokia makes sense. Alibaba is looking to invest in micromax with negotiations under way. Good morning. Welcome to the show. We have the norwegian central bank. 7 out of 13 economists expected a 25 basis point cut but we didnt get that and as a result of that were seeing the norwegian crown rising. The developments in the norwegian economy have been wrongly in line with the march projections. The krone strengthening after that position. Also saying from the info received recently st...
June 21, 2024
A lot of data to note. Heres whats happening. Following the downgrade of the Economic Outlook yesterday. On the agenda this morning job claims and chicago pmi and then earnings central. Exxon mobil coming up, Conoco Phillips, viacom among the names to report Quarterly Results all before the bell and in global news this morning the bank of japan april and september of next year. Policy makers decided not to extend an already massive stimulus program. Thought theyd follow the chinese. Also watch R...
June 21, 2024
Up lets get you up to speed on the markets. U. S. Equity futures are suggesting a positive open and implied open of 70 points for the dow and s p nearly 9 and for the nasdaq a little more than 24 points. Right where we were yesterday before the retail sales report. Heres the other big stories were watching today. Two economic reports due at 8 30 eastern. Well hear from kohls before the bell and this afternoon watch for nordstrom among others and in Corporate News General Electric is going to sel...
June 21, 2024
Snap judgments going arieh. Its beginning to drive me crazy. Or at least crazier. On days like today where the dow inched up. 34 points s p 500 advanced. 23, nasdaq gained. I feel like buying and selling stocks has become a lost art. Lost because it requires tedious homework not headline reading and false assumptions from those that take their queue from the action. In the last 24 hours ive seen so many stupid, off the cuff decision i need to call them out if only to help you understand how to d...
June 21, 2024
Game plan if we get a month will employment report that delivers just enough job Growth Without inflation we could have a spectacular thread the needle rally and thats exactly what happened with the dow rocketing 267 points. Nasdaq pole vaulting 1. 17 . That was easy. It didnt hurt that we got the bullish combination of oil, lower Interest Rates and strong earnings for Key Technology companies. Notably Cyber Security ace cyber arch and the data mining team. It was a spectacular number that drove...
June 21, 2024
Can takeoff amid concerns over safety. Million of people are witnessing the solar he clipgseclipse of the decade. Live pictures throughout the show. Welcome everyone. Hope youre having a great start to your day. Its friday. As we look back at the week it was the fed and janet yellen that became the big focus for the market but we still seem to be a little bit confused about whether that rate hike will come in june or october. Not only are we confused about when the rate hike will come but the si...
June 21, 2024
Their hoepspes on a turn around strategy. Propping up the smi after Quarterly Sales beating forecast. Theres no stopping the rally in asia. The nikkei set to close at 20,000 for the first time in 15 years. Of course a top story today that we have. Good morning, everybody. British authorities arrested a 36yearold man for contributing to the 2010 wall street flash crash. He earned 40 million from market manipulation between 2010 and 2014. Theyre seeking his extra extradiction. Hes expected to appe...
June 21, 2024
Draghis News Conference. The European Union filing anti trust charges against google. Earnings, bank of america missing. First up a Stunning Development at the ecb News Conference after president mario started speaking he was interrupted by a female protester. Take a listen. This is immediate coverage giving the protester everything she wants. They left rates unchanged, guys after the first month of qe running at 60 billion euros a month. I have to tell you. Yes, those are pyro techniques no dou...
June 21, 2024
Kinds of things. It occurs to me that we didnt know how good we had it. Our rates were kept low by a weakness in the european economy but we were having this great year in 2015. We had the best of both worlds. Rates will stay low. Yet the economy was growing. We were doing great. Now we get a. 2 read and europe is doing better so their rates are going up based on what theyre doing. So do ours. Ours go up so we go from 17onthe ten year to a 2. 3 and all these numbers are so low. They cracked me u...