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June 19, 2024
They also addressed concerns over private equity firms and Real Estate Companies buying properties and low income communities, which could push out long term residents. The finance Committee Meets this morning to discuss housing. This comes at a time when americans are getting clobbered by climbing rents and home prices. Key drivers of inflation. Data released last week showed that rents increased in june, that the fastest rate since 1986. Buying a home is getting more expensive. Many young peop...
June 19, 2024
Looks like almost a half a percent drop for both the ftse and the dax in germany. In the u. S. , a packed Economic Calendar today. At 8 30, weekly jobless claims. July cpi and empire state survey. Then at 9 00, tick data. 15 minutes later, july industrial production. At 10 00, the philly fed survey and the National Association of Home Builders survey. And the consumer is in focus once again today. Walmart and kohls among the names to show results before the bell. Well be hearing from dell. This ...
June 19, 2024
This is the worst day for gold so far since the day of the taper last year. In our road map, sales of cocacola beat expectations driven by strong numbers out of china. Cnbcs exes cluesive with the ceo of coke on earnings, activism and diet soda. Johnson johnson moved the stock higher, j j ups its forecast for 2014. Profit rises as drug sales soar. End of the 20year ceo, the journals say jeff immelt may end his tenure early and a message for ges next executive. Starting now for one day only googl...
June 19, 2024
100point rally on the dow. Fedex and General Mills moving in the premarket, but in opposite directions after the shipper beat and the food company missed. And reviews are out for the iphone 6 and 6 plus. Were going to show you the critique and the actual phones themselves live. First up, activist investor nelson peltz says dupont needs to break itself into two companies. He sent a letter to the dow components board saying the current Corporate Structure is destroying shareholder value. Dupont sa...
June 19, 2024
Of the 6 plus coming up. Airlines flying high. I am supposed to stay here, ladies and gentlemen. Not so fast. In the midst of one of their most profitable years ever but should they be making more money. And shares of reebok robotics. One week of 87 but taking a rewalks exo skeleton helps people with lower limb disabilities get back their mobility. They can stand and walk by themselves. Rewalks ceo will join us live with a demonstration. Sue was at the nasdaq today. We will have gnat intthat in ...
June 19, 2024
Dow transports finishing at fresh alltime highs. The reason . Federal reserve policy makers decided today to keep Interest Rates right where they are near zero for what they call a quote, considerable time. Now, that is the phrase some fed watchers thought would be dropped from its postmeeting communication. And the thinking was it would have opened the door to higher Interest Rates sooner. Well, not so fast, said the fed chair janet yellin, the rate is not ready, and the lower inflation means t...
June 19, 2024
What was predicted the what the walmarts woes say about the broader economy. And housing disconnect. Home builders are more optimistic than they have been in eight years. Nightly Business Report for thursday, august 15th. Good evening everyone and welcome. The drip, drip, drip of sliding stock prices turned into something more today, Something Like a tarrant. Investors digested troubled news with walmart and cisco and claims mean the Federal Reserve will reduce stimulus sooner rather than later....
June 19, 2024
That. President obama condemned the armys crackdown, canceled the bilateral u. S. Egyptian military exercise. Cheryl and Berkshire Hathaway has reported buying new stakes in dish network and sun corp. Energy. David shares of kohls got a boost today after reporting a rise in same store sales following down beat reports from walmart and macys. Cheryl and confidence among u. S. Home builders at its highest levels in nearly eight years, thats according to wells fargo can Builder Sentiment index. Dav...
June 19, 2024
These people turn to washington and try to see the Federal Reserve whether or not they would begin to taper the bond buying. We will get to some movers in a moment, couple of things, the 10year, and gold just spiked moments ago up 26. Keep an eye on gold. I wanted to take a look at walmart and cisco with two down components. Cisco systems carbon 5 of their global workforce. Back to you. Ashley thank you very much. Lori a reflection of the cpi, shows a little inflation in the system. Lets talk ab...
June 19, 2024
Google glass. The companys name is a verb you use several times a day without thinking about it. Now, google one ups facebook and buys the drugmaker, titan aerospace. It wants to bring it to their part of the world. They want to own the internet. They have the money to do it. Am i heading in the right direction with this or am i going too far with what google is trying to do . You are headed in the right direction. They want the world. They want the whole population. That is what would be behind...