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July 16, 2024
This astrazeneca oxford. I do say at this point, carl, you get the pfizer news about germ germany. What you have to watch is the crawl underneath there will be endless buying and things like vaccine inc. And im seeing buying of glaxo i think people want to calm down i have sorrento tonight. Not all news are good. 100 companies doing vaccines and lets take a breath because other things including a stimulus which is needed if the vaccines fail. The analysts are not discouraging traders or investor...
July 16, 2024
Host good afternoon, everyone. I am the president of the center for American Progress and i am thrilled to be moderating this vital conversation today. I cant think of a more timely moment to gather these distinguished from a recent leaders. Im honored to be joined by the new york mayor, Atlanta Mayor and stockton mayor. I will say a few more words about them in a minute, but i want to really start by saying that we are gathering at a time where a lee are going through times of deep pain and ang...
July 16, 2024
Extraordinary. The underlying reasons why is very clear. We are up to our eyeballs in oil, at that means the price goes down. We have some terrific perspective today on oil. Too much oil, not enough storage. We will have plenty more on oil and we will try to figure out whether this could happen to another part of the market, but first lets get to the first word news in new york city with viviana hurtado. Viviana we begin with speculation about the health of north koreas leader kim jongun. The u....
July 16, 2024
The dollar index is above 100. Crude is trading at 1. 30 right now. Europe, guy. Vincent lets take a look at what is happening here guy lets take a look at what is happening here. As you can see, it is down heavily on the day, but still trading at 20 a barrel. Down by 20 on the session. We are hearing the currency effect coming through. One of those is the norwegian krone. The dollar benefiting as a result. Copper trading sharply down as well. We are seeing this bleed into other parts of the com...
July 16, 2024
Lots of guests coming up mel Mellody Hobson will join us. Well ask if todays the start of a downturn or a buying opportunity. The ceo of icelandbased Decode Genetics will join us. What the company has learned about how the virus spreads. Its an interesting study. Lets focus in on the big stories we are watching in this final hour of trade. Bob pisani tracking todays selloff Courtney Reagan with plunging retail Sales Numbers and wilford. Bob, a little recovery weve seen lets take a look at the s ...
July 16, 2024
Dose of downgrades today, well find out if any of our traders are touching our stock shares are lower right now as the companys Conference Call is underway well break down any of the big headlines that come out. We begin with an historic collapse in energy prices. Oil falling below zero dollars a barrel for the First Time Ever the main contract tumbling more than 300 to around minus 36 a barrel yes, minus 36 a barrel. The more actively traded june oil contract also falling hard in todays session...
July 16, 2024
This on top of slight gains yesterday at 4 00 oclock. Markets were up. As you see dow industrials up 33 points and nasdaq up 139. Getting america working once again. President trump announcing plans to reopen the economy in phases. The president went through it yesterday. The Small Business aid program has run dry on capitol hill. The battle is waging on how much money, how much to add to funds to help business and American Workers now. Coronavirus is taking a toll on the chinese economy. It has...
July 16, 2024
And the strongest result in history amid the outbreak. Manus warm welcome to the show. We are deep in earnings season novell. Acola to the First Quarter comes in like this. 2. 06 billion. That is a beat. On the operating income side, 214 million dollars. Significants have a impact in the second quarter. That is what we already know. First Quarter Results show a 31 uplift in profitability. Nobel. Akzo you have the input side and the output side. Inputs are going to trickle down. What do you have ...
July 16, 2024
Losses early in the session after the ceo of russias Sovereign Wealth Fund told cnbc and moscow and saudi arabia are very close to an oil deal. Wti and brent are both coming off their best week on record. Not recent records on records ever all the way back to 1983 when they started tracking wti last week wti was up by 31. 7 . Up by 12 on friday alone. A meeting of Major Oil Producing Countries was delayed but still expected later this week that news just being told to cnbc that it looks like the...
July 16, 2024
5. 1 Million People filing for unemployment in the last week. We have the numbers and full amounts this morning. Ahead of the numbers, futures pointing to gain at start of trading, take a look at futures, 100 points on dow industrials, s p is up 15 and nasdaq higher by 72. This after worse than expected news yesterday in resail sales and disappointing earnings led to selloff in market. Dow industrials down 445 points. Nasdaq down 122 and s p was lower by 62. Earnings season rolls on. This mornin...