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June 23, 2024
The owners of a collapse that craned have been banned from taking part in new forces. They are also been banned from traveling while the investigation takes place. More than 100 people were killed. The saudis blame strong winds for the accident. They also say the crane was wrongly positioned against the recommendations of the manufacturer. Bin laden is one of the largest firms in the world. Al jazeera is in mecca, and says this is a major move by the saudis against the construction empire. While...
June 23, 2024
Accepted a sweetened offer. China cracking down on peertopeer platforms. Theyre vowing to cleanse the market. The platform should serve as an intermediary. Says theys the pboc are strengthening oversight of online payment firms. Kong,e of markets, hong shanghai, swinging back into gains. Gains in some parts of the region today. Those are your top headlines. This is bloomberg west. Cori im in for emily chang. Mark zuckerberg fires back at his critics about expanding Internet Access in india. tis ...
June 23, 2024
Gap between chinas onshore and offshore currency has widened to a record after they cut again rates for a seventh straight day. The offshore saying thats going to a fiveyear low. That is the weakest level since april 2011. Lets take look at the markets. Closed for the lunch break, here is how they were trading in the morning session. The hang seng down close to 1 . Afternoon they say this is the picture in singapore, tokyo, red. Ubai all seeing some north korea confirming this nuclear test. Emil...
June 23, 2024
People were discussing today even as the dow climbed. The s p jumped 4. 9 . We rallied today because people interpreted the horrendous terrorist event in paris as something that will slow the worlds growth further, costing the feds not to raise rate this is year. The hope that the feds on hold turn the market down big. The futures were off last night. Having a huge day despite the tragedy in europe. The pajama traders got it wrong. Todays action was a relief rally that perhaps the fed sees what ...
June 23, 2024
Retail portions of the economy. Lets start with basic industry. Steel, metal. Have you seen u. S. Steel lately . Down 63 for the year. 63. With one of the biggest markets being shut out by low oil prices and with the chinese endlessly dumping steel around the world. Companies underneath him will have a hard time making it. There is an oil and gas Company Ak Steel holding down for the year. Copper prices plummeting in oil and gas doing poorly. Stock based on hope that china comes back online and ...
June 23, 2024
Call me at 1800743cnbc. Or tweet me jimcramer. Lets give this day its due. When oil turned up it took the entire market with it which is how the dow jones average could go from down 193 points before the reversal in oil to finish up 183 points. S p gained. Nasdaq declineds just. 28 . What a strong, bizarre comeback. Big jump in oil. A monster 2. 60 move off the 3 basis but something profoundly positive happened today. The stocks of the companies that were most on the ropes in the oil patch like ...
June 23, 2024
What a strong, bizarre comeback. Many stocks were swept up in the big jump in oil. A monster 2. 60 move off the 3 basis but something profoundly positiveveappened today. The stocks of the companies that were most on the ropes in the oil patch like chesapeake, freeport and other dead man drilling stocks actually read the rally and that reassured buyers who flocked to many of the beaten down sectors in this market. Let me tell you why. For ages oil has been dragging down the whole market because o...
June 23, 2024
Nasdaq declineds just. 28 . What a strong, bizarre comeback. Many stocks were swept up in the big jump in oil. A monster 2. 60 move off the 3 basis but something profoundly positive happened today. The stocks of the companies that were most on the ropes in the oil patch like chesapeake, freeport and other dead man drilling stocks actually read the rally and that reassured buyers who flocked to many of the beaten down sectors in this market. Let me tell you why. For ages oil has been dragging dow...
June 23, 2024
For ages oil has been dragging down the whole market because of a false sense that demand for crude is declining. Machines that sell stocks when oil goes lower may make them money. It doesnt make them right. The fact is the demand for oil is going up, not down. There is a consequence to oil going down, when when its a supply glut not demand softness. We get very concerned. Worried, frightened about Oil Companies where the cash flow from the wells isnt great enough to cover the debt load. Hence, ...
June 23, 2024
What a strong, bizarre comeback. Many stocks were swept up in the big jump in oil. A monster 2. 60 move off the 3 basis but something profoundly positive happened today. The stocks of the companies that were most on the ropes in the oil patch like chesapeake, freeport and other dead man drilling stocks actually read the rally and that reassured buyers who flocked to many of the beaten down sectors in this market. Let me tell you why. For ages oil has been dragging down the whole market because o...