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July 16, 2024
Good morning, everybody. Welcome to squawk alley. Im Carl Quintanilla with jon fortt a fortt. Weve seen risk off behavior in europe we watch both covid19 developments and system husband hopes. Dohm is going to break this down to start the hour. We were down in the early parts of the session so far. Just after the opening bell. 300 point decline. You can see here were still hovering near. 75 decline for the dow and s p 500 about 1 p as it has been for the past couple months now, the nasdaq has re...
July 16, 2024
In a single session. Its worst ever single day. British drug giant astrazeneca halts the trial for safety review after an illness during its test. And British Airlines shares open lower ragging on the travel sector. A ton of Market Action here in europe. Lets look at how the markets are opening in the session a rebound coming together. Yesterday, the main benchmark dropped to 1. 61 in italian and french stocks. The market up and the cac 40 up 0. 7 initially, there was signs of trading coming thr...
July 16, 2024
Oakland near the Oakland Police station. There was a brief confrontation here between demonstrators and police but they are our heavy barricades and the crowd went in different directions. Right now they are in the grand lakes section. We saw some video online from a few weeks ago, fireworks being set off by demonstrators. Police have Just Announced an Unlawful Assembly which is in the precursor for arrests. A clock this evening. Several hundred people began marching through the streets of oakla...
July 16, 2024
Stand tonight. Their strike against Racial Injustice. An unprecedented storm about to make a direct hit on the gulf coast. Now at 11 streaming on cbs and bay area, we begin with the breaking news out of oakland. Kpix 5s joe vasquez is live at the scene for us. Reporter im in downtown oakland near the Oakland Police station. There was a brief confrontation here between demonstrators and police but they are our heavy barricades and the crowd went in different directions. Right now they are in the ...
July 16, 2024
Fourth positive session, up 2. 7 . Just the banks really are lower in the s p, a few oil companies. Crude oil trading down 6. 8 , back hello 21 a barrel. Back in itsyield range. The vix at 38 and change. Lets get a deeper dive into the markets with abigail doolittle. Abigail you were mentioning the gains in the s p 500, and certainly that is the case, a risk on tone from a stock perspective. Each of the averages is up 2. 5 . The nasdaq 100, make a cap companies, amazon putting in an alltime high...
July 16, 2024
Euros. Oil prices climb amid mounting tensions between the u. S. And iran as washington ratchets up economic pressure with major new sanctions and President Trump tells nbc news he never threatened to demote fed chair Jerome Powell but claims he has the power to do so if he wants. I have the power to do so. Thats not a threat just a reminder that you can. I have the right to do that but i havent said that. What hes done is 50 billion a nont quantitative tightening, its ridiculous. Well, good mor...
July 7, 2024
Welcome to bloomberg markets. Take a look at the markets. I have green on the screen behind me. The s p 500 up. 5. Same with big tech. Yields higher as well. Take a look at the 10year treasury yield higher by four basis points. Solidly over 4 . Added thanks to this mornings cpi data. Lets get a break down from mike mckeon. It came in hot. I would say it came in warm. The headline was that it was higher than expected coming in at. 4 rather than. 3 . A lot of that is due to energy and the fed will...
July 7, 2024
One and it continues to gain weight against other currencies and nymex crude. . 43 at the moment and it has been up and down and we are looking at 82. 36 per barrel for west texas intermediate crude. Jon some of those Energy Stocks is what we are looking at with crude on the move but other macro stories we are tracking is the moodys downgrade of some regional banks. M and t bank shares are down about 2. 5 . Youve also got this overarching theme from ups about volumes right now being weaker and t...
July 7, 2024
Regulators spoke to allow his company to commercialize their attack in San Francisco. A government probe into malicious attacks on Cloud Computing including microsoft roles in a chinese hacking of government officials. We have the details in the aviation sector will pass a 5 trillion bill to fight decarbonization. San franciscans get ready, you are about to see even more robotech sees on the streets. California regulators voted in favor of waymo and cruz pay Driverless Services. The ruling came ...
July 3, 2024
Thats whats been really painful. Its just continuing to watch people think its okay to bomb a hospital where children you know, whats so hard sometimes is watching and people telling the kids dont cry. President biden not all of america is with you on this one and you need to understand that. We are literally watching people perform genocide and killing like this and we still stand by and say nothing. Maria shes firing up the crowd. Tiana, i know youre out with a new piece for the Washington Exa...