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June 24, 2024
Have given us data that were supposed to be looking at. Were supposed to interpret that data and figure out if theyre going to raise or not. They told us were going to raise at least three or four times. You dont see the three or four rate hikes. It doesnt seem like a possibility right now and is the data changing in front of us right now because we have no idea. It seems like they hit the various data points. Job gains, joe continue, Unemployment Rate at 4. 9 and yet were still near zero Intere...
June 24, 2024
Like i always say, its all about the currency move. Euro doing a massive turnaround after ecb said he did not anticipate cutting rates further. What was that all about . Well dig deeper into this move that seemed to drive the Market Action across asset classes. This is just the first of Many Central Bank decisions over the next couple of weeks. We have the fed next week. Bank of japan will be heard from as well. Brain drain at twitter, what steps they are taking to retail talent and discuss whet...
June 24, 2024
Ups, we saw safety stocks but you can see the headline market moves not that dramatic. That is something we will be watching for. When you look at the big mover, cocacola was the biggest drag on both indexes. It fell as much as 5. 5 , about 18 months were 18 months worth. Exceed analystt estimates. Investors want to see more evidence of a turnaround and did not edit from the latest set of results. Andut its year to date gain half and is only up 4 . Joe we keep saying this every day new lows in j...
June 24, 2024
Month low. Fell 4. 2 . The worst quarter for the dollar index since 2010. We know its helped. Is it still going to do that . It has helped and is going to continue to help. I think a lot of commentary on the upcoming earnings, the guidance looking forward is going to talk about the previous challenges, the headwinds appreciatinging presented. Now thats dissipating. But in terms of longterm portfolio planning, i dont think we want to get overly excited and think we had the u. S. Dollar drift from...
June 23, 2024
Rates begin to rise . Four reasons to be bullish still about the American Housing market ahead. And get a load of this one. American airlines actually flew the wrong plane from los angeles to hawaii. It wasnt certified to fly that distance over water. How in the world does Something Like that happen . That is the question were going to try to find answers to. But we do begin ty with the possibility of a rate hike this week, which would be the first fed increase in about a decade. Dominic chu has...
June 23, 2024
Materials. We begin with a record breaking weekend for apple. Fed calling for at that rate hike. A set to become two separate publicly traded companies. But first up apple is announcing it has sold more than 13 million new iphone 66s and 6 plus. It will be available in 40 more countries beginning october 9th. Look, i think that no one will care. This is a market no one may even care about alcoa which is a major split and thats because the gloom is so palpable. I spent a lot of time trying to be ...
June 23, 2024
Wrongdoing. Mark tauscheck is following this story for us and you can hear it why the family decided to file the suit coming up on our news tonight at 5 00 and 6 00. Right now at noon, Iowa Public Health officials release information on what they believe caused nearly 60 teachers at Roosevelt High School to get so sick that classes had to be cancelled. The Polk County Health Department Today say tests to determine the illness are back, and theyve traced the cause to bad meat from a catered meal ...
June 23, 2024
I was told this weekend there was no sun in london since september. What an exciting week in the end up in paris later this week. A few things are going on. Jobs data onhave friday. Its going to be a very big week. Here is vonnie in new york. Vonnie good morning. More than 140 leaders will try to reach the First Company to deal to curb Greenhouse Gases. President obama and other leaders are in paris. There is broader support for a deal that was the last conference six years ago. One Sticking Poi...
June 21, 2024
Check out the stock market in the early going. Right now, the dow futures are up by about 19 points above fair value. S p futures are up by 1. 5 and the nasdaq is up by 3. 5. If you were watching oil prices, youll see right now theyre down by half a percent. 104. 85 for the wti. The tenyear note at this point is yielding 2. 556 . Take a look at what the dollar is doing this morning. Youll see right now the dollar is up against the euro. Euro is at 1. 366. The dollar is down both against the poun...
June 21, 2024
Quietly introduced yesterday and promises to be an in home assistant to respond to the voice commands. If you have sy ri on the iphone, do you need that . Stock continues to lag. A lot may be riding on the surprise new device. What its about and what it means and brings to the table here in technology. Yes. We will. And now market where markets stand in the final hour of trade. Back and forth today, up and down on the back of the payroll report. Right now, the dow off 8. Is weaker by about 1. Na...