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June 25, 2024
Crude Oil Prices Last week was a big mover for oil prices up by over 3. 50 by the end of the week. Wti up another 1 . Youre getting close to 49. Right now its at 48. 74. Here are the stories we are watching today, its a busy week for economic data. Today we have september isf manufacturing, august Construction Spending, september auto sales. And tomorrow we get the Paychex Small Business index. On wednesday we get the adp employment report as we always do and the ism services index. On thursday ...
June 25, 2024
In the meantime lets get you caught up where we stand. Yesterday the markets had a rebound. The dow was up by over to 230. Volatility is back at least for a few days. Dow is down by almost triple digits decline of 96 points below fair value. Nasdaq down by 24 and s p down by over 30. Overnight in asia the nikkei stabilizeed a bit after the big losses it posted the day before catching up with what we had seen on friday. Right now you see nikkei closed up by 56 points. Shanghai composite was flat....
June 25, 2024
After some huge losses on friday, relatively speaking to what we have seen over the last couple of months, you can see that the futures are once again indicated for a tripledigit down day. Dow futures right now down by close to 150 points below fair value. It looks like the s p 500 would open up down 18 points if we were to open here. And the nasdaq down by 48. The dow was down by 394 points on friday, a decline of 2. 1 . That was the worst daily performance since brexit. The s p broke the 43ses...
June 25, 2024
Korea. In early trading in europe at this hour, youll see green arrows as well with the biggest gainer among the major markets. The cac in france is up by a third of a percent. And wti crude is up by 1. 5 to 43. 68. Back to the top story, another explosion near a transit station in elizabeth, new jersey, after a backpack that appeared to contain pipe bombs detonated. The fbi is questioning how five people that were apprehended on the verazano bridge last night. Morgan brennan is joining us from ...
June 24, 2024
After by 2 . But once again, joe, the nasdaq showing the most pain in the followthrough from friday. It is the nasdaq, it is financials and where these buybacks that i expected. 80 of the s p reported by february 5th. The contribution to buybacks in the month of february, very significant. Up around 7 of total annual buybacks for context january around 4 . Authorizations yeartodate, apple 30 billion available. Where are the buybacks . That is going to be what lifts the market. Its done it since ...
June 24, 2024
Bottom in stocks. Another big rally giving investors hope that maybe the worst is, in fact, behind us. Our question this hour is whether any can really be trusted with a whole host of issues still worrying the markets. Whether its oil, the strength of the banks, chinas credit pile. Is this a punk rally we have gotten the last couple of days . When you get a decline in the marketplace it takes the shape of an alphabet letter. Sit going to be a v in i dont think so. Its going to look more like a u...
June 24, 2024
But the hang seng and kospi reopened after the Lunar New Year holiday. South korea down 3 . Shanghai remains closed until the end of the week. Meanwhile, the dollar falling below 112 yen for the First Time Since late 2014. The level of the dollar and the spread between Interest Rates, the did you see the ten year . Its 162. Hard to believe that we are back there. Its sliding by tremendous amounts, by the day. I mean, it was at, i dont know, its like ten basis points lower today than it was yeste...
June 24, 2024
Were not gonna wake up every morning wondering if we have a job. Were gonna wake up every morning wondering how many jobs we have to do. Its not always pretty. Everythings gonna change. Everything. But i do it to save jobs, and i do it to make money. This. Lets go to work. Is the profit. Five years ago, entrepreneur mark biren started wick[ed], a candlemaking company out of burbank, california. Along with his wife sam, mark has been able to get his candles into wellknown retailers such as Urban ...
June 24, 2024
Here. Well discuss it with mr. Hays in terms of the decisions they made and what ive heard, of course, is how serious those conversations were. Last april and may, when they began. When they were revisited from the honeywell side in september, when they sent utx a letter. Most recently last week when they made a new proposal at 108 a share, 40 ownership of the combined company, 42 a share in cash. 22 premium to the then stock price. So, a lot to talk to mr. Hayes about. Not to mention my man her...
June 24, 2024
1. 42 and the nasdaq nose dived 1. 82 although those are up substantially from the lows. We have to go back to the checklist. The one i created last month told us to be careful and not be aggressive. Be a seller rather than a buyer into strength. To refresh we have been using a checklist. What could put an end to the pain. One, the fed has to give clarity about where it stands with raising interest rates. The real market has slowed since december but employment hasnt as we saw friday. Thats a bi...