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June 23, 2024
Points. Here are the big stories were watching today. Weyerhaeuser is buying plumb creek timber for 8. 4 billion in the total price tag. The combined company will keep the weyerhaeuser name and manage 13 million acres of timberland. You can see plumb creek timber up 17 in the premarket. The dubai air show is now open for business. The last show two years ago saw record breaking orders. Thats not the case this time. No major purchases yet announced. Some say this is raising the red flag about the...
June 23, 2024
Ben bernanke will be overseas. Taking us overseas to the investigation of what brought down a russian charter jet and now its looking like a bomb may have been the cause. We have the details on that story in just a bit but before that well go over to michelle with a round up of the days top business headlines. Thank you. Expedia is buying home away for 3. 9 billion in cash and stock. This is the largest acquisition and come ace year after they bought orbitz. It values the socalled alternative lo...
June 23, 2024
Financial trading revenue saw a drop of 15 . Hear what the companys ceo has to say about the results with shares down almost 6 on the session today. Many of its competitors are not down today. All right. We have a brain drain at yahoo evan has been talking about, two more people, high level people, have left the technology giant. We will discuss the impact of yahoos executive exodus coming up. And ibm set to report right after the bell. The companys cfo will join us live before the Conference Ca...
June 23, 2024
Spined on another blockbuster franchise. On the eve of our first star wars movie were feeling good. So no guidance for the year. And is it the data or the date that will determine a rate hike . The latest u. S. Jobs report is set to add more clues to the timing of a fed move. Good morning, everyone. Its that time of the month again. Its friday and its the jobs friday. Thats what were looking out for today. Especially important given that janet yellen flagged that that december meeting might be l...
June 23, 2024
The mounting costs of its emission scandal. The shares are jumping as the german car maker keeps its full year guidance. And the countdown is on to the third Republican Debate. Cnbc hosts the candidates as donald trump and ben carson solidify their lead. Busy week. A lot of earnings and the cnbc Republican Debate tonight. Lets check in on futures and what theyre telling us ahead of the market open. We have been down each and every day. The implied open is telling us well see a bit of recovery to...
June 23, 2024
Bank of america and wells fargo beat, jpmorgan falls short. Results from delta and intel. Both coming ahead of consensus. And the read on retail sales slightly below expect tatioexpet Doug Mcmillan giving a rosier assessment. Bank of america had good Third Quarter results. Wells fargo had a beat as well. Its loans helping to lift profits. And jpmorgan missing with its quarterly results. Jamie dimon spoke about his banks expenses on last nights Conference Call. I spoke my whole life on good expen...
June 23, 2024
The debt ceiling and budget, can their winning streak continue . And the real read on the American Housing market. One area that is on fire now and fueling growth for Home Builders. The Third Quarter reporting season is just getting under way. There are already fears about earnings in the current or fourth quarter. Bob pisani on the floor, what is fueling the concerns, bob . Revenues. And youre right. Were in the middle of q3 earnings season. The professional community is already concentrating o...
June 23, 2024
Hes confident in the success of ferraris ipo as it is about to be priced at 48 to 52 a share. Japan post shows the ipo at a top end of the price range in a listing that creates a combined value of 65 billion. All right. So here we go. Less than 7 but you know what, 6. 8, not bad. 6. 9 was better than 6. 8 forecast in the worlds second largest economy. The weakest read weve seen for chinese gdp in more than six years. You have to go back to the Global Financial crisis in 2009. However, a number o...
June 23, 2024
Points. Oil is about the only asset thats not participating today. In our road map this morning tech trifecta, amazon, microsoft beating expectations. And jack dorsey taking onethird of twitter shares and dishing them out to employees. Futures up sharply as Chinas Central Bank cut Interest Rates. Lowered by 25 basis points. Reserve requirement reduced by 50 basis points and comes a day after a rally which included a jump in the dow hints of further easing by the ebc. Look the communist mean busi...
June 23, 2024
He was he was krzyzewski before krzyzewski. Sir Alex Ferguson shares his secrets to successful leadership. Indeed. But we do begin with that biggest tech deal of all time with dell buying data storage and security giant emc for 67 billion. The ceos of both companies on cnbc speaking about what this merger means for them and for investors. But this mega deal also raises questions about who is going to be next. I hope youve been doing some digging and you have some answers for us josh lipton in sa...