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June 20, 2024
Average. Nasdaq was weak for most of the session. We saw air coming out of the big momentum names. Nasdaq composite down 17 points today. S p was up just about one point, flat after giving up much of an earlier rally similar to the Dow Jones Industrial average. Despite todays uptick, the dow has wiped out more than 800 points since hitting a reported high three weeks ago. Lets check in with bob pisani. Why the optimism today, bob. If you take a look at the s p, it wasnt on the fed minutes. I thi...
June 20, 2024
Look weak. Walmart may have protesters outside its doors on friday. Deer misses earnings, and the market shrugs it off. Turmoil in israel with a bomb explosion on board a bus today and a rumored ceasefire that never happened. Crude is up 1 as the secretary of state has arrived in cairo. A big day full of planes, trains and automobiles with tens of millions of americans set to embark on their Holiday Weekend journeys. Our phil lebeau is in chicago with more on the Holiday Travel landscape. How pa...
June 20, 2024
Points, s p plummeting 2. 28 , nasdaq diving. Weve got to tick down the reasons for the decline so youre aware and can be ready for the next leg. First, people are afraid of a second weak employment number in a row when we get the nonfarm payroll number on friday. You know what, they should be afraid. All right . Should be concerned. The research from get rich carefully shows one number can be explained away, but two . No. Whether or not you think its true or false. It doesnt matter. The market ...
June 20, 2024
Witness the dow plunging 326 points, s p plummeting 2. 28 , nasdaq nosediving. Weve got to tick down the reasons for the decline so youre aware and can be ready for the next leg. First, people are afraid of a second weak employment number in a row when we get the nonfarm payroll number on friday. You know what, they should be afraid. All right . Should be concerned. The research from get rich carefully shows that one lousy employment number can be explained away, but two . No. Thats when people ...
June 20, 2024
Markets and overall. I just think that making prediction about stabilization of this environment is quite hard. The latest to stop from refining weakness. The firm upping the amount of cash its putting aside, as well, to deal with the gulf of mexico spill. And toyota shares fall lower in japan despite the carmaker raising its forecast. The firm now expects a record profit this year. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Warm wake to todays...
June 20, 2024
Of decline. It caused the averages to slightly rebound. The dow closing up 46 points, pretty impressive. Call me cynical, but i think we need to be careful about getting too excited about any near term resolution. How many times during the debt ceiling debacle, remember that . Did our leaders insist they could hammer out a deal. Even a huge grand bargain to fix the deficit only to have the negotiations unravel. Until we get a resolution, the fiscal cliff will be the most important issue out ther...
June 20, 2024
Of an ecd press report. Our road map this morning starting with apple, cratering on its biggest decline yesterday on four years, closing just pennies off the lows of the session. The stock continues lower premarket as investors watch the death cross watch. A cnbc exclusive, tim geithner says over the cliff is a must. Bank of england and ecb keeps rates unchanged. Europe continues to hang in there economically. And nat gas gets a boost. The government finds exporting it is better than keeping it ...
June 20, 2024
Over again . People are talking about whether a new tech bubble is forming. How many times will we have this discussion . The more, bill, this activity picks up, the more people will question some of the valuations. Is it a legitimate worry . Is there Something Different this time . Well explore this issue. Have you ever played candy crush . No. I havent either. We are no candy crush, no house of cards. Were living in our own little bubble at the new york stock exchange. Also, its the pharmaceut...
June 20, 2024
Exchange. Go, guys, unbelievable. I was shocked. A couple months. Feels like a couple months. The story of my life these days, where does my time go these days . Its brilliant. Big day setting up today, janet yellen is on the hill and a ton of retail earnings. The premarket, tenyear yield durables came in ahead of expectations and europe is dragging a bit some say as the war games on the russian Ukraine Border look a little worrisome. The roadmap begins with retail, jcpenneys and best buy in ral...
June 20, 2024
Overnight in shanghai down almost 4 as the yuan sits near a sixmonth low. The roadmap begins with the markets, the s p starting off shy of the fresh record high and the nasdaq beginning from right around its highest level in 14 years. Home depot is posting quarterly profit above expectations and boosted dividend. Different story with macys and shares slipping after same store sales came in below expectations. And jpmorgan expected to announce job cuts in its mortgage and consumer business. The b...