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June 25, 2024
Melissa there you go. Back to the markets. The dow rising slightly as investors are waiting on the federal reserve. Trader Scott Shellady is watching all the action in oil and gold from the cme. Ashley webster on the floor of the new york stock exchange. Lets start with ashley. Talk to me about todays trade. Ashley tell you what, melissa, you can almost feel the markets are moving sideways as we wait to hear pearls of wisdom, i say that sarcastically, from the fed tomorrow. The bank of japan ove...
June 25, 2024
Early on the blue chip dow index rose triple digits but the gains were cut in half by midday only to rise again and drift down into the close. On the day the dow jones indu lost three points to 18,120. The nasdaq was down nine. The s p 500 fell a fraction. A jump in the price of oil and a strong report on the Housing Market. But when oil turned, so did stocks, making it clear that the price of crude matters now more than usual. Oil prices settled slightly higher as they hold out hope for a deal ...
June 25, 2024
Early on the blue chip dow index rose triple digits but the gains were cut in half by midday only to rise again and drift down into the close. On the day the dow jones indu lost three points to 18,120. The nasdaq was down nine. The s p 500 fell a fraction. A jump in the price of oil and a strong report on the Housing Market. But when oil turned, so did stocks, making it clear that the price of crude matters now more than usual. Oil prices settled slightly higher as they hold out hope for a deal ...
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...
June 25, 2024
Early on the blue chip dow index rose triple digits but the gains were cut in half by midday only to rise again and drift down into the close. On the day the dow jones indu lost three points to 18,120. The nasdaq was down nine. The s p 500 fell a fraction. A jump in the price of oil and a strong report on the Housing Market. But when oil turned, so did stocks, making it clear that the price of crude matters now more than usual. Oil prices settled slightly higher as they hold out hope for a deal ...
June 25, 2024
Yet again no agreement shall be reached. Well see wti is still up about a little less than one percent. Home builders stocks surging. Homebuilders are having a party today. We will discuss whether you should be buying these homebledder stocks. A suspect in new york and new jersey terror attacks is in custody after a shootout with police. We will have the latest and discuss how to keep the city safe when the mayor of london who is here to ring the closing bell joins us. Lets start with markets re...
June 24, 2024
Freeze. Our road map begins with global volatility continuing. Jim mcgoggin. And apollo and adt are in a deal. And the death of Supreme Court justice ascalia has creatd a firestorm. First up, stock futures jumping sharply. Saudi arabia, russia, qatar and venezuela agreeing to freeze output at january levels provide that other major exporters follow suit. Crude prices rose off their highs of the morning. Some analysts expected an agreement to cut production. Thats not exactly what were talking ab...
June 24, 2024
Points, the s p by nearly 20, and the nasdaq by about 57 points. Also being helped, im sure, by the news from china. What do we think about this . I saw the rally in oil prices on friday. Basically a rumor that you were going to see Something Like this. If its contingent on iran and iraq both playing along with it, that raises all kinds of questions. Seems to be the same caveat weve heard over and over again. Iran has theyve walked back some of their more explicit talk about ramping up productio...
June 24, 2024
And im dominic chu filling in for wilfred frost today. Our top story is of course oil. Venezuelas oil minister is in tehran today, meeting with officials from iran and iraq. The latest report suggests iran will not join in a deal between saudi arabia, russia, and other producers to freeze output at january levels. Irans opec envoy calling the freeze illogical, arguing the current drop in prices was caused by other producers lifting output while iran was under sanctions. Crude prices have been sw...
June 24, 2024
In the early trade in the european markets right now, youll see that at least at this point, there are some red arrows there as well. Looks like the dax in germany is down by 0. 4 . Right here in the United States, it looks like the dow futures are now 71 points below fair value. S p futures off by 12. Among this mornings other top story, were watching the price of oil. Crude oil under pressure again today. This follows yesterdays drop of nearly 3. 5 . That drop came after opec said Global Deman...