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June 25, 2024
We will reserve our right to oppose. Ramy plus, decision day approaches for the fed. Everyone has an opinion. I cannot see any case at all for a tightening. This has been a topic of almost numbing boredom to me. Ramy its all straight ahead on bloomberg best. Hello and welcome. Im ramy inocencio. This is bloomberg best, your weekly review of the most important interviews and analysis from Bloomberg Television around the world. Lets kick it off with a day by day look at the top headlines. When Fed...
June 24, 2024
Lets go straight to the markets desk work julie hyman has the latest. It looks like mario draghi caused a bit of a selloff. Can debate theou combinations. It is causing a slight selloff. Dowcontext for the s p and is that we close the high for the year. Yesterday was the high since last summer. So, investors, as we get to the sorts of levels and valuations, you get a regular says it as to whether the recent rally is justified. Of course, mario draghi asking for the ecb stimulus measures to work....
June 24, 2024
Bouncing around throughout the session. Each stock is down about a quarter percent. Earnings. Just about we have Energy Stocks gaining as oil falls, curiously enough. You can look and see energy and materials are the two best performing materials. Consumer staples are on the downside today. That is shaking up. Verizon is what is pulling down the telecom shares. Wireless subscriber growth Beat Estimates but because of negotiations with labor unions, that is going to weigh on secondquarter earning...
June 24, 2024
Major overhaul coming for apple music to make the service easier to use. And they say that musician trent rezner has been brought in to oversee the redesign, and there are some clashes with jimmy iovine running his own negotiations. And so, the maps and the watch, and music, and sometimes the first inning is not the best inning. True. Im not personally a big fan and user of apple, but they do though have 13 million paying subscribers that is to my back of the envelope calculation is 1. 5 billion...
June 24, 2024
Cnbc. And we have a great lineup. We have our host for the hour with jim chanos, and david rosen will be here as well as carson block from muddy waters. And jim, you have had a long history here at sohn and we will go through some of the picks through the years later, and before we get to that and get to some of the thoughts on china, and get to the breaking news of john kasich leaving the president ial race, and it appear appears that though the dance floor is cleared for the trump clinton tick...
June 24, 2024
Brought to the up and rising stars on wall street and the legends out there. Kate kelly is here covering all the big movers out of the events today. Kate, we have a long list of movers to cover. Thats right. Maybe ill just start with carson block from muddy waters. He presented a short on bank of the ozarks. They were down 14 in the opening minute or two of the presentation. He thinks hes worried about the unfunded loans within the real estate portfolio among many other things. So that was a rea...
June 23, 2024
Oil continues to be a concern. The euro is a little higher today. A coalition has it to be fulfilled in spain. We have no certainty on what the coalition will be billed, pushing yields up 17 basis points. We are saying italian income stocks. Have a clear underperformer in the spanish debt market this morning. Were looking at spanish utilities and how they will fair. What will this mean for the likes of the subsidies hydro . Keep an eye on the spanish stocks. Seadrill is down 1. 4 . Due to the up...
June 23, 2024
Opec meeting but production levels are set to remain unchanged despite talk that saudi was pushing for some form of production cuts. Uber launching another funding round that could value the company at 64. 5 billion. This makes them worth more than 80 of the s p 500 companies. A very good morning to you. Oil prices are treading water ahead of todays opec meeting in vienna. Steve is there with an update. Thank you. Dont worry if i appear d distracted. Another minister coming in to the meeting. Th...
June 23, 2024
Lets get some first word news, hopefully good news of vonnie quinn. Vonnie i will do my best. The leaders of the armed group occupied in oregon have been arrested in a violent standoff. It were headed to a Community Meeting whenever stop by fbi agents. Shooting broke out, one of the protesters was killed, another was wounded. Secretary of state john kerry faced a hard sell in beijing today trying to get china to support sanctions on north korea after the nuclear test last month. China has been r...
June 21, 2024
Good morning, everybody. Is the day before the fourth of july. I am Erik Schatzker and Stephanie Ruhle is off today. Lets begin with breaking Economic News Michael Mckee is beside me with i sm nonmanufacturing numbers. Can you stand more numbers . Comes in just about as expected. We were expecting no change and we get 56 even. You look at the details of the report and the business at tibbetts he indicator, their version of production comes in at 57. 5, down from 62. 1 but the new orders index go...