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June 23, 2024
And andrew ross sorkin. Well talk about the fed and the Market Reaction in a moment. But first, check this out everybody. Close friend of the show. Jordan spieth hitting a hole in one. Yes it happened on par 3. The par 3 2nd at conway farms golf club. Thats in lake forest illinois. One bounce off the run on to the green and right into the bottom of the cup. Wow. Okay. Lets get you caught up on the market news in the morning. Got to love that. U. S. Equity futures at this hour after the feds deci...
June 23, 2024
In just a moment. The premarket settling into some positions. More news on cable vision today. Japanese export data today, monday markets will be key. It starts to come in better than expected and the claims were down as well. In our road map today, u. S. Based cable vision in a deal. And more from the conference and a interview with the verizon ceo. And what ciscos chuck robins told jim last night. The day is finally here after fed policy makers wrap up their twoday meeting, well find out wheth...
June 23, 2024
Members have been since that last meeting and why the market is certainly so much trouble making sense of it all. Netflix has been sweeping the emmys lately. Now it may be ieng the oscars, the company out with its first feature film, it opens nationwide tonight. We have details on that and we will talk to a shareholder who is not real thrilled about that. Silicon valley darling being called into question. We have the wall street journal reporter behind the controversial articles on blood testing...
June 23, 2024
Announcement come thursday, thats a twoday meeting, wednesday and thursday. You can see ahead of that the dow futures look like theyre up ahead 36 points. S p up by 4, nasdaq up by 15. We have a couple of big market stories were watching this morning. Disappointing Economic Data. Fixed Asset Investment industrial producing falling short of estimates. Retail sales did come in stronger than expected. Shanghai composite closing down nearly 3 . Volatile session shows that the index is dropping as mu...
June 23, 2024
Itunes app store has malware affecting apps developed in china, could other parts of the program be at risk . We have a top security expert. What are those of us with ipads and iphones supposed to do with b. It . Plus new data on existing home sales falling more than expected and now Jpmorgan Chase is making a move that could put another damper on home sales. That story is also just ahead here. Lets start with biotechs getting slammed. Those stocks down as you saw there after that New York Times...
June 23, 2024
Commodity prices downs a well as concern over fall out from china continues. 11 million cars may be effected and the stock, its down another 20 this morning, volkswagen. And bank of America Votes on the roll of its chief executive. And that share holder meeting begins within the hour. Jim. What explains this turn round, because japans closed, asias been moderate overnight. I think most of the markets in a bear market. This kind of behavior should have happened yesterday. And somehow the market r...
June 23, 2024
Of lock towns throughout the city. Traffic wasnt as bad as i expected. A lot of people took head of the warnings to stay clear of the area. First lets get to the markets. Check out the futures this morning. Youll see big gain across the board. Right now it looks like the dow futures are up by 250 points. The s p futures up by 24 and the nasdaq up by 52 points. She said it would likely be appropriate to raise rates if near zero in her words sometime later this year. The understanding we had when ...
June 23, 2024
Apple hacked in china. This time the app store. Apple says it is working to address that problem. And as alibaba marks one year as a public company, the final lock up on share selling expires. Will the stock see more pressure today . Stocks poised to open sharply higher, looking to recoup losses from fridays selloff which did include a 290point drop on the dow. There continues to be buzz over the feds decision to stay pat on Interest Rates. Earlier this morning, st. Louis fed president jim bulla...
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
First, lets check in with mandy at the new york Stock Exchange. Hi there, tyler. Hello, everybody. We have a selloff here on the street. The dow is back in correction territory although we are off the very worst levels of the day. The dow is down by about 284 points. Now its down by 235. S p down by 24 and the nasdaq off by 48. I have bob pisani on the floor of the Stock Exchange to explain what is going on. I guess maybe for one day weve got a reprieve where we can stop obsessing what the fed i...