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June 23, 2024
Right now. After the past three days, this is welcome for a lot of people long in the markets. The markets tracking the fall of the price of oil. Lets take a look at the board. The s p 500 is up. 5 . The nasdaq up. 6 here. This iske a look at how performed over the course of a day. You can see it is not working right now. I will tell you about how the first rises at 10 00 a. M. We not seeing it back up to where we are. To get an idea of taking us up or down, dive in and let us take a look at glo...
June 23, 2024
Well, vw is downgraded as sales fall in november. Separately, the owner prepares to face workers for the First Time Since the scandal. Shares in yahoo spike on a report that they could spin off the Internet Business in growing pressure over lack of turn around progress. Hello, good morning. Good to see you back with us. Here for another worldwide exchange. We have two hours together. A pretty packed show and a lot going on looking at politics as well as what the markets are doing. We have quite ...
June 23, 2024
Today, the most salient gut wrenching story is this shocking decline in the business in the stock of the iconic retailer that is macys. While few people actually expected macys to do well in an environment where the globe seems to be warming right in front of our very eyes, todays sharp selloff on some really bad earnings kind of took our breaths collectively away. As the chairman and ceo said at the very beginning of his really i think very disconcerting Conference Call, we had a very tough qua...
June 21, 2024
Profit that Beat Estimates. The world passes largest retailer in the u. S. Raised its fullyear forecast. We will talk about what this means for housing and the u. S. Economy later in the program. And Standard Chartered is settling claims of new york regulators over failure to flag potential Money Laundering of its clients. It may have to pay 300 million and will likely once again get a stern talking to. Lets get back to bhps spinoff announcement. We are joined with details. Tell us about the big...
June 21, 2024
Almost creeping down to 52 on west texas. The ten year steady at 2. 18. Our road map begins with the last trading day of the year. Full day. No half day for the markets on this new years eve. Better than expected weekly jobless claims number helping futures point slightly higher this morning as investors look to end 2014 with a bang. Sony hack sent the company back to the stone age. Forced to revert back to note pads. And why ipads could make a comeback in 2015. First up, stocks are edging highe...
June 21, 2024
Avoiding the energy space. Its definitely a time to hook energy. Any business with the price of your only product goes down by 55 in six months its going to cause it but probably not for us. The economy is facing a 45 billion hit if oil prices average 50 adding that its likely moscow will be downgraded to junk status. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. Italy in focus with italian inflation data coming out. Coming in at 0. 0 for the month of decem...
June 21, 2024
Pim. Bond trading wrapping up at 2 15 eastern time. The saudi arabia stock markets, he has been admitted to a hospital for tests. There are reports now that sonar may have detected wreckage from the air asia flight which crashed after the weekend. It is the final day the 31st right, of 2014 . It is. Were done. This is it. Its actually the last day of 2014. Were on now for the sixth Straight Year of gains. That is the longest streak from 1991 to 1999. Lets just hope 2000 and 20011 arent on the ho...
June 21, 2024
Bucks a barrel. 50. 65. Lowest since may 1, 2009. Last time if youre keeping track below 50 april 29 2009 when we hit 49. 12. How about the ten year note yield. I was on vacation didnt look at it every day, yeah 2. 091. Wow. Wow to both of those things. Lets get to our road map this morning which you can probably guess where it starts. The markets, crude, and euro all under pressure this morning. Global uncertainty is back in this new year. Chrysler reports a 20 jump in monthly sales. Were going...
June 21, 2024
Texas intermediate. Oil started dipping lower. We have nice market leaders. Pharmaceuticals have been strong all year. They are up. Bio tech stocks up. The problem is in the oil sector. All the names we see almost every day all down as we saw oil dropping into the 52 range right now. I want to show you what the problem is. People keep asking me should you buy Exploration Production stocks here . Look at eog. Big in the permian basin, bakkan. That stock is down 25 , almost 30 in the last few mont...
June 21, 2024
Impossible to live with. Reporter the governor is proposing the selection of a committee to find ways to reduce the universitys cost structure. In the meantime, the speaker of the Assembly Said she would vote against the hike but would work to get the legislature to prove more funds. I think there are other alternatives. I think the system does need more resources and more money. I believe that when i put the legislation forward and im going to continue to work on that. Reporter in the end, the ...