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June 21, 2024
Downgrade, and Disney Cinderella casts a spell at the box office, but btig stepping in the role of the evil stepmother cutting to neutral after a volatile week on wall street the euro near 12year lows. A lot going on. A lot to watch. Yeah. I was kind of hoping that this would be a nonentity week because theres not a lot of companies reporting. But the companies that do report tend to be very big, like nike fedex. Fedex giving you a view of the economy on the same day that the fed speaks. And oil...
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
Budged. Dow futures down by 6 half a points below fair value. The s p 500 closed another record high on friday. Nasdaq down by 9. 5. One Economic Data point of note, the National Association of Home Builders will release its Housing Market index for may. Thats due at 10 00 eastern time this morning. A little bit of news out of chicago, charlie evans, he says the feds should aim to boost inflation by keeping Interest Rates near zero until early next year. Evans is a Voting Member of the fomc and ...
June 20, 2024
Of best buy plummeting in the premarket down 30 after reporting u. S. Comps for the Holiday Season fell 0. 9 percent. Jcpenney cutting Underperforming Stores and cut 2,000 jobs to save 65 million a year. Citi results were short of estimates and goldman beats on earnings and revenue. And United Health Beat Estimates by one cent a share, increase in enrollments helping there and cms missed by one cent a share. Best buy tumbling after reporting u. S. Comps for the Holiday Season down 0. 9. Citing i...
June 20, 2024
Exchange , mark, gene and our own rick santelli. Art, let me start with you. Is this a rise above rally . Does it look like we might get a deal . Weve been rising above the levels weve been at. No question about that. Traders felt reassured coming in this morning. Washington is a ghost town. The president s out of country those are good things. Congress is not coming back until next week. No one will go before the cameras and jeopardize the cliff. The only file you have to run is the kumbiya mom...
June 20, 2024
To 2 here as we await a big week in europe as well. We start with the markets. New optimism about the cliff. President obama in myanmar saying hes confident the fiscal situation will be dealt with hours after he hit the phones calling top ceos. Lowes shares on better than expected earnings. The results renewing hopes this morning about the housing recovery. International pressure mounts for israel and gaza to agree to a ceasefire after a weekend of air strikes leave a dozen dead and hundreds inj...
June 20, 2024
Ceasefire between the two sides. Fox news now reporting therefore part in their demands. A truce will happen maybe never. The Prime Minister of turkey earlier today accused israel of being a terrorist state. President obama reportedly making nearly daily calls israeli Prime Minister benjamin s. Nonetanyahu meeting restraind while he demands israel meet his conditions. The president , mr. Obama, chosen this difficult moment to pivot to embark on a 48 visiting burma, thailand and cambodia turn the...
June 20, 2024
Leading the effort to mediate a ceasefire between the two sides. Fox news now reporting therefore part in their demands. A truce will happen maybe never. The Prime Minister of turkey earlier today accused israel of being a terrorist state. President obama reportedly making nearly daily calls israeli Prime Minister benjamin s. Nonetanyahu meeting restraind while he demands israel meet his conditions. The president , mr. Obama, chosen this difficult moment to pit to embark on a 48 visiting burma, ...
June 20, 2024
Fix will involve tax hikes of some sort, and spending cuts as well. We spoke with economist dean baker from the center for economic and policy research, and economist Douglas Holtz eakin of the American Action forum. N. B. R. s Washington Bureau chief darren gersh began the discussion by asking baker what tighter federal policy will mean for the economy in the coming year. Insofar as we get austerity, we get tax increases, spending cuts, thats going to slow the economy. I anticipate a deal so we...
June 20, 2024
Fix will involve tax hikes of some sort, and spending cuts as well. We spoke with economist dean baker from the center for economic and policy research, and economist Douglas Holtz eakin of the American Action forum. N. B. R. s Washington Bureau chief darren gersh began the discussion by asking baker what tighter federal policy will mean for the economy in the coming year. Insofar as we get austerity, we get tax increases, spending cuts, thats going to slow the economy. I anticipate a deal so we...