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June 29, 2024
Equal. Some a whole lot more equal than others the dow gaining six points, s p rising. 1 , nasdaq climbing 1. 15 , falls into the more equal category before i go into this let me explain what makes for a good and bad rally. There are some thing as bad rally. I like a rally that involves the financials, specifically the banks. Since that implies the economy is healthy a bank rally is as solid when bank stocks do well that means theres more credit being lent and employments healther Small Business...
June 29, 2024
The first time ever. And it didnt take long for the dow to cross that milestone. In early august, the dow first closed above 22,000. And the index got a lift today from United Health care which reported stronger than expected profit. Mo on that in a moment. First lets give you the cheerful numbers. The Dow Jones Industrial average gained 40 points. It ended just below 23,000. Nasdaq fell ever so slightly. The s p 500 rose and was up nearly two points. Bob pisani takes a look at this major market...
June 29, 2024
Bank. Tand shares in zalando fall after sales growth we have a lot of things to get through today. Lets look at the markets one hour into the trading session. The stoxx 600 is up marginally to the tune of 0. 1 , this is following a small dip to the tune of 0. 3 in yesterdays trading session. As we look at whats doing well today, we have outperformers like germany to be honest we had the first q3 Earnings Results rolling in, and they were disappointing. Talking about zolando and akzo nobel. Lets ...
June 29, 2024
Good wednesday morning welcome to squawk alley. Im Carl Quintanilla joining us this morning former ceo with us, a mentor at index ventures good to have you with us were down 85 points some of the selling is intensifying although the losses are not huge, the dow and s p are having their biggest oneday drop in about seven weeks. Worst performing sector is telecom. Thats a small sector, big move on at t, causing after earnings miss last night. A few other earnings movers to speak of, were seeing we...
June 29, 2024
Senator jeff flake had this to say. Sen. Flake instead of addressing hurt, goes to look for someone to blame, there is perhaps nothing more devastating to a pluralistic society. David what does this mean for the future of tax reform . Joining us now is our chief washington correspondent, kevin cirilli. The senator has been very thoughtful about conservatism and the future of the Republican Party. What did you make of what he had to say . Kevin there has been a lot of controversy surrounding sena...
June 29, 2024
Our tenyear is at a seven month high as durables crash estimates. Earnings from dow components dragging us lower in the premarket. Chipotle sinking double digits a big miss on results last night. Amazon unveils delivery inside your door with a new Smart Security camera. We will fill you in. One day after another record high for the dow coke and boeing beating with earnings this morning. Jim, theres a lot to get to several companies with a socalled triple play meaning they beat on the top and bot...
June 29, 2024
The nasdaq and small caps. Steve, now weve got to Pay Attention to this move in rates and how quickly they are going to rise. Thats the quickly they are going to rise. Rates going up alone, particularly when youre in such an accommodative environment they matter, but dont matter all that much, but the rate of increase, like the rate of anything is really whats hitting the markets. So youre also having right now europe is sort of not back away completely from qe, visibly that much that you can se...
June 29, 2024
Ahead of most of the earnings. Generally seen declines across the board in a pretty broadbased decline as well. The dow has been a performer recently, but its facing declines and other major averages today. As a result, if you take a look at the bloomberg, were looking for the worst single day for the dow in about seven weeks. The realm of same for the s p and especially the monastic as well. At least at the lives of the session for today. Just a. 5 decline, its been a while since weve seen a dr...
June 29, 2024
Advisory against the carrier setting disturbing incident reported by africanamerican passengers. Global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. On the alisa parenti. This is bloomberg. Bloomberg technology is next. Emily coming up, apples most advanced handset hits stores next week. What the success of the iphone x could rise in fall on its ambitious key feature. The new facial Recognition Technology set the Gold Standard for the industry . W...
June 29, 2024
Produced a dossier about allegations about his ties to russia. All incoming flights into the u. S. Will face new screen procedures including interviews for visitors and american citizens. Five global carrier said today they will start conducting interviews tomorrow. American airlines will invite naacp representatives for a meeting to discuss concerns over potential discrimination against black passengers. This comes after the organization issued a travel advisory against the carrier citing distu...