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June 23, 2024
That smashed expectations. Ford sales up 23 . Fiat chrysler saw a 13 1 2 rise. And gm posted a 12 1 2 jump. Phil lebeau tells us why sales are so strong at the big three. Reporter call it a sizzling september in the showroom. U. S. Auto sales roared to their strongest Monthly Sales pace since july of 2005. Most of the major automakers posted doubledigit gains, with some like General Motors doing far better than expected. What drove those strong numbers . Labor day, which is traditionally one of ...
June 23, 2024
Seven cents a share. Expectations were for 14 cents. Revenue came in around 5. 5 billion, down more than 10 from a year ago, hurt by sliding Aluminum Prices. Shares of alcoa dropped initially on that report in afterhours trading. During the rg session it finished slyly higher. Despite the disappointing quarter cnn Klaus Kleinfeld called his company resilient. If you look at whats going on in the market, you see theres a lot of volatility thats in there. From Commodity Prices to currencies, to wo...
June 23, 2024
Was temporary or a bit more. Its also the penultimate jobs report before the federal reserves next meeting in december, where many believe the central bank might raise Interest Rates. Hampton pearson takes a look at what to expect and where we stand. Reporter most of the economists and fed watchers are looking for a rebound in job growth in october. The Consensus Forecast calls for an increase of 180,000 jobs added to nonfarm payrolls, well above the average of just 139,000 for august and septem...
June 23, 2024
Ifo institute is saying that current condition index 113 for november versus a Consensus Forecast of 112. 4 so even on the Current Conditions beating expectations. This is after we got a break down for germany this morning. Once again growth was confirmed at 0. 3 and it seems as though this is a domestically driven economy. The german consumers rarely coming to the rescue with that part of the economy bumping up growth by 0. 3 but we did see weakness in Corporate Investment and exports. Net expo...
June 23, 2024
Decision out of norway where it says its keeping its key policy rate unchanged at. 75 . To be honest going into this Rate Decision that was going to be a very close call. Jp morgan, for example, expected the probability of action to be around 40 but we got no change in the main Interest Rate but lets have a look at some of the commentary because the outlook for the norwegian economy is a drop in Oil Prices Just over the last quarter and also the outlook for the economy. Now the norway central ba...
June 23, 2024
Market. I knew the warm weather wouldnt last forever. No, winter is finally here. Winter is coming as they say. Amazon, by the way, releasing actually some rare numbers this morning saying it was a record setting holiday for the ecommerce jiebt. We will look at whether there are any other retail winners this Holiday Season. And an ugly drop for one biotech firm, chimerix, the stock down 81 . That story is coming up on the closing bell. Never good when the change is larger than the price of the c...
June 23, 2024
Good morning and welcome to Worldwide Exchange here on cnbc. Buckle up it looks like were in for another wild market ride today. China once again the big story overnight. Lets catch you up on what happened. Stocks there dropping more than 3 in early trading and then the central bank stepped in. Reports that state controlled funds bought stocks and that the peoples bank of china pouring about 20 billion into the money markets. That was the largest cash injection since september. Also they were li...
June 23, 2024
Bernardino was an act of terror. All three events, a changing of the Macro Economy and the fight against terrorism, will play out over the long term. All three weighed on investors minds today. By the close the Dow Jones Industrial average slid 252 points to 17,477. The nasdaq fell 85. The s p 500 dropped 29. Steve liesman takes a closer look at the events that kept investors on edge. Reporter concerns gripped markets today from two completely different sources. In frankfurt, germany the Europea...
June 23, 2024
Bernardino was an act of terror. All three events, a changing of the Macro Economy and the fight against terrorism, will play out over the long term. All three weighed on investors minds today. By the close the Dow Jones Industrial average slid 252 points to 17,477. The nasdaq fell 85. The s p 500 dropped 29. Steve liesman takes a closer look at the events that kept investors on edge. Reporter concerns gripped markets today from two completely different sources. In frankfurt, germany the Europea...
June 23, 2024
Entirely, a sharply lower open was indicated. But when they finally open for trading, we saw declined half of what they are now that we have swung to the lows of the session. It has been a fascinating day. You will see the trajectory over the course of the day. That attempt at repairing the declines and falling once again to the lows of the session. That chinese regulators have suspended the Circuit Breakers, how far will they far how far will they fall . Low, three or four days into the new yea...