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June 24, 2024
Fedticipation. Looking ahead to tomorrow and what people can expect. Valeant shares are down big this morning after disappointing results. And its mega tuesday with five major primaries taking place across the country. Well go live to one of the most important states hitting the polls today. First up, retail sales down 0. 1 last month, in line with expectations, january sales revised downward from 0. 2 to 0. 4 down. Producer price is down 0. 2 in february. Unchanged if you strip out food and ene...
June 24, 2024
People thought. The worst market overall was there, unfrozen that you can get a sense of things. Theres a look at europe. Again, the losses not particularly substantial given that move down in crude. In asia is where things were a bit tougher overnight, japan in particular with that stronger yen suffered a more than 3 decline. Lets get back here and start with our road map. And where does it start . Well, where youd expect, oil prices are down after the failed doha deal. Were going to take you t...
June 24, 2024
In europe. And then finally a quick look at crude before we get to a couple of the big stories of the morning. Wti at 46. 57. That would have been a good move around the 40 handle couple of days ago. Here are the big stories were watching today. Amazon crushing earnings estimate, posting most profitable quarter ever. We asked yesterday are they still sewing . Or starting to reap . Looks like the reaping has been. Cloud computing business. I thought they sold books. No. They have changed apparent...
June 23, 2024
We start with the equity markets which is moving higher as the fed meets to decide whether or not to begin raising rates. Lets look at the numbers with the dow, the nasdaq and the s p. The nasdaq and the s p are now tracking for their second consecutive week of gains. Something that neither has done in nearly three months. But, ty, the real action here is in the oil market this hour with oil soaring. Wti crude up by 5. 3 . It could still be the biggest daily gain since august 31st when wti jumpe...
June 23, 2024
Watch the tenyear, near 2. 3 now. Fedex does miss expectations, cuts guidance. Shares are down sharply in the premarket. Well have a cnbc exclusive with hewlettpackards meg whitman. And the stage is set for what could end in the merger of the worlds two biggest beermakers. First up, so much going on one day after that rally on wall street. The fed kicking off that twoday meeting today with a decision on rates due tomorrow. Possibly the first rate hike in about nine years. One barometer of the ec...
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...
June 23, 2024
Financial trading revenue saw a drop of 15 . Hear what the companys ceo has to say about the results with shares down almost 6 on the session today. Many of its competitors are not down today. All right. We have a brain drain at yahoo evan has been talking about, two more people, high level people, have left the technology giant. We will discuss the impact of yahoos executive exodus coming up. And ibm set to report right after the bell. The companys cfo will join us live before the Conference Ca...
June 23, 2024
Our road map begins with with jack lew speaking out about trouble in china. Shares in Morgan Stanley sinking on its earnings. Is there more pain to come. And first up, the major indices coming off three straight week of gains. S p up almost 6 since the beginning of the honesmonth. Chinas slowest growth since 2009. Still above consensus. And then jack lew addressed chinese currency valuations earlier this morning on squawk box. I think you have to make sure that china understands that its very im...
June 23, 2024
Anticipated twoday meeting, investors bid up stocks digested some final Economic Data ahead of that meeting. More on that a little bit later in the program. But by the close, here are the numbers. Industrials up 228 points to finish at 16,599. Nasdaq higher by 54, and the s p 500 was up 25 points. More on todays big move in stocks. Stocks started up and they stayed up. Now its the day before a fed meeting. Stocks usually do advance. It was a particularly broad rally although the volume was moder...
June 23, 2024
Anticipated twoday meeting, investors bid up stocks digested some final Economic Data ahead of that meeting. More on that a little bit later in the program. But by the close, here are the numbers. Industrials up 228 points to finish at 16,599. Nasdaq higher by 54, and the s p 500 was up 25 points. More on todays big move in stocks. Stocks started up and they stayed up. Now its the day before a fed meeting. Stocks usually do advance. It was a particularly broad rally although the volume was moder...