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June 21, 2024
Friday. It went above 2. 2. Can you imagine that . There we stay above 2. 2. Lets get to our road map this morning and it starts with those markets, six years into the bull market. The dow coming off one of the worst trading days its had in over a month. Will the weakness continue . And watch out for apple, as we spring forward, apple expected to unveil the latest details of its watch in San Francisco. Plus, gm says its time for a buyback. Shares are up in the premarket as the auto maker announc...
June 21, 2024
Forth. Look at oil, brent down and look at west texas, down. Major historic lows on a 2 slide in oil. Theres the euro dollar trade. The euro and the dollar inching ever closer though the year row is euro rowe is up. Sara iverson is in. Hi sara. Hi. The british, german and french markets all up nicely. Lets bring in bob pisani. Whats up . Normally we have that kneejerk reaction. Thats not happening today. Lets take a look at the s p 500. This is pretty strong rally that weve seen. It helps to hav...
June 21, 2024
Euro zone finance ministers are meeting today. The gathering comes amid slowmoving talks on a deal with greeces creditors. Germanys finance ministers says his country will do everything he can to keep greece in the eu. Uber trying to raise more to value the company at 50 billion. Facebook was the only other company to reach that valuation. An alibaaba buying more online retailer zulily to take its stake to 9. 2 percent. The chinese ecommerce giant not looking to acquire zulily outright. The big ...
June 21, 2024
Situation. This is private industry that is out there. This is private industry drilling or fracking that helped that. There are some people saying that probably two months from now well see an even more supply that is coming online at that point well be filled up in terms of the storage we have and that excess capacity would go straight to the open market. Some people predicting that could put extreme pressure on prices. Did we roll over the contract . It was down at 42. Youre right. Thats a ma...
June 21, 2024
Closing at 4,218. This as investors fear further crackdown from regulators who are tighten irthing grip on beijings soaring markets. It was very toll avial and the emphasis of course was on the Greater China markets. Yes, we saw that action by the authorities in beijing over the weekend with a rrr and they cut it more aggressively than most in the market did expect. 100 basis points and the aim here is to encourage credit growth, to encourage bampings to to get liquidity going. Initially we did ...
June 21, 2024
That stock is undervalued. He thinks it should double in price, kelly. Hes also talking about them getting into tvs, bill cars batteries. A lot of great fodder for industries that should be paying attention. Maybe he wants to merge apple with tesla . Or going back to his investment last week in lyft. Charlie evans said the fed should not raise rates until next year. Will that power up this beaten down sector . We will hear from both sides, coming up. And why you had a little hint here from melis...
June 21, 2024
On sale. It says 62 of buyers purchased the less expensive sport model which started 349. Weve been talking to analysts in the last half hour about all of this. We may get numbers from apple themselves. In global news, chinas exports charge dropping a larger than expected last month. Stocks in china rallied today as the weak data added to expectations that the government will unveil more stimulus moves and speaking of china the world bank is trimming its growth forecast for the developing east a...
June 21, 2024
Month. The biggest trend and some of the midcap banks that you might be wanting to buy. Hello, everybody. Its a big news day here on cnbc, but a big day in downtown for a group of high school students. Steve liesman is live as he prepares to crown the top mind. Now there just 16 remaining and four teams. I have four on each side of me from high schools from around the country. We are going to crown the next bernanke and yellin and the next economic professor. They will humble and astonish you wh...
June 21, 2024
48 was the intraday height that it hit. The closing high was 5,042 back in march. The apple watch watch continues with orders reported at over 1 million on day one. They sold out in a couple of hours online. I think it was 1 million watches. You said dollars. Did i say dollars . Its a mistake we make freely. What will be the real big seller for the bottom line . This would be the new mac book. Yes. Very thin starting at 1,300. Some think that this could be a major driver for apples profits. That...
June 21, 2024
The biggest gainer is the qqq, the nasdaq etf. China with an aggressive move allowing more flexibility. It is soars today, as you would imagine, up more than 4 . Bob, its a good rally, but were not quite getting back what we lost on friday right . But if youre not confused about the action the last couple days i dont think youre paying attention. We are down 280 points on friday. At one point today we were almost on the verge of getting it all back. Put up that twoday chart. Were basically almos...