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June 23, 2024
Warning. We speak first to the ceo later on the show. And a surge in Chinese Tourists to europe offsets weaker demand sending shares in kering to the top of the european market. We also have lots of earnings coming from state side. Head in the clouds. Microsoft shares spike in after hours on a solid revenue beat and optimistic outlook for its cloud products. Out of the jungle for amazon. Shares are soaring on a surprise profit as the ecommerce giant gets a boost and the alphabet, investors are l...
June 23, 2024
Ibm shares as carl said moving in the opposite direction at least eight firms cut their price targets on the stock, this after disappointing sales and guidance. Tim cook optimistic about apple music and its more than 6. 5 million paid users. First up, yum brands announcing plans to split into two publicly traded brands, yum brands in china. Them focus on expanding those chains around the world. That separation expected to be completed by the end of next year and continues this trend of Companies...
June 23, 2024
Fomc meeting has a bias thats phenomenal. Theres a regional fed study that indicates that Something Like 50 to 70 of all the gains in the stock market could be had if you just added up these days. Theres some discussion of what investors would like to see in the fed statement this week. Whether they need the fed to show support to the markets. Whether they need to back away from the mention of increases in september. Does any of that need to happen for the market to stay positive . The feds will...
June 23, 2024
Volatile trade in the after hour sessions so far. Well bring you the head loins as they break. Well be checking in throughout the hour with bgcs colin gillis manning the red phone and meantime, guy, what do you make of the quarter . I think given where the price of the stock is, lets just call it 100. I think its something for everybody. Bears will point to the iphone shipments being somewhat disappointing. Bulls will point to increasing margin improvement and bears will point to the tax rate be...
June 21, 2024
But appetites to own are another. New home buyers, first timers, new lows, enormous ramifications for the housing economy. Lets check in with sue at the new york stock exchange. Kind of a mixed day here. We had mixed Economic Data so perhaps mixed trading session should not be a surprise. Dow, s p 500 and dow utilities. Dow negative by about three points or so. Some of the big integrated oils are moving. Chevron and then home depot the biggest drag on the index. Nasdaq up for the 11th time in 1 ...
June 21, 2024
Good morning. Stephanie ruhle is on assignment. You will see her in less than an hour. Lets start with both ends the top business and financial stories around them morning. Carl icahn posted a new open letter to tim cook, calling the apple ceo to buy back more Company Stock and at a faster rate. He owns more than 5 billion of that there of apple shares. He wrote that the market undervalues apple. Apple responded in a statement that it always appreciates hearing from shareholders and will review ...
June 21, 2024
Apple saying shares are massively undervalued. Recent history repeating futures pointing lower after a big recovery from a dramatic selloff tuesday. Alcoa and pepsi beating the street. Leadership, gap shares down. Murphy announcing he will be retiring. Carl icahn released an open letter to apple ceo tim cook saying the Company Shares are massively undervalued and should be trading at 203 a share now. Icahn expressed support for cooks leadership, urged him to accelerate the share buybacks. He wou...
June 21, 2024
Of apples report after the bell today. What is the right trade . Weve got it. Shares are down 7 since december. Is it time to buy . Sue is with us here in inglewood cliffs today. Hi ty. The dow plunging triple digits. Down 390 points at the low of the day. That was not enough to get the dow to a sixweek low and as he mentioned, were 100 points off of our low point of the session. Durable goods orders dropping sharply, and a number of dow components blaming that strong greenback for their weak ea...
June 21, 2024
And 401k 529, emerging market. Where should small investors put their money to work right now . We asked 20 of the very top financial advisored in the united states, and you have to hear what they say. First, though to sue who is across the room at head waters today. Hi ty. Very volatile day on the street. The dow rising as much as 94 points. Then wiping out the gains. Its a little bit higher right now on the trading session, as can you can see. The dow is up 49 points on the day. The s p is hig...
June 21, 2024
Missed it. The dow ended with a piddling 0. 2 decline. Not much at all. But between the bells, it swung. 425 points from peak to troll in a wide volatile trading session. At one point, up 282. At another, down 143. For the First Time Since 2009 the dow moved from being up 1. 6 to ending negative on the day. Pick your reasons for the volatility. The bulls Earnings Report yesterday. Some solid chinese trade but then the bears took over on trouble technicals. Word that germany may be bulking by eur...