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June 21, 2024
Watching the head of the closing bell. New details about the pilot that may have deliberately caused the deadly plane crash in the french alps. The germanwings pilot notified the owner that he battled depression. This is the first time lufthansa says they have been aware of his mental illness. Treasury secretary jack lew just returning from beijing, saying he had frank and constructive conversations with chinese leaders about reforming chinas economy. He also said here china to establish and mai...
June 21, 2024
Developments that will unfold are uncertain. What Market Participants should be doing is looking at incoming data, just as we are. Olivia fed policymakers indicate that before they raise rates prices are being pushed up. Speaking of prices, the price of oil is falling again today. West texas intermediate is back below 44 per barrel. In tunisia authorities are looking for several gunmen after a deadly attack in a museum. At least 42 people were killed, mostly foreign tourists. 22 people were kill...
June 21, 2024
Revenue little changed at 12 billion while profit rose slightly to 2 billion. The ceo says Revenue Growth in the Data Center Chips and the internet of things helped offset slumping demand of pcs. Shares are up in afterhours trading. President obama is going to drop cuba from the list of nations that sponsor terrorism. The president notified congress about the move today. It had been a Sticking Point as the u. S. And cuba try to normalize relations. It comes just days after obama met with cuban p...
June 21, 2024
The coveted iowa caucuses. Shares of herbalife are soaring after they posted a 5 gain in firstquarter profits. Revenues of 1. 1 billion. Sales in china were strong, rising 21 . In every other geography, herbalife saw sales decline. Bill ackman called the company a pyramid scheme. Groupon posted a 14 million loss in the quarter. Sales fell 1 in the First Quarter compared to last year. They blame currency headwinds. Electronic arts reports lower sales in the fourth quarter. The maker of fifa socce...
June 21, 2024
Earnings. Revenue little changed at 12 billion dollars while profit rose slightly to 2 billion. The ceo says Revenue Growth in the Data Center Chips and the internet of things help offset slumping demand he sees. Shares are up in afterhours trading. President obama is going to drop cuba from the list of nations that sponsor terrorism. The president notified congress about the move today. It had been a Sticking Point as the u. S. And cuba try to normalize relations. It comes just days after obama...
June 21, 2024
Bank. Investors have been underwhelmed by a turnaround plan hours before its annual meeting, Deutsche Bank gave anshu jain direct oversight of strategy, admitting to the department of three key executives. Shares of Deutsche Bank posted the worst performance in the last three years, the stock has fallen more than 6 since the plan was unveiled last month. Investors yawned at a news update bank finds. Shares of j. P. Morgan and citigroup fell slightly. Royal bank of scotland rose. The bank pleaded...
June 21, 2024
Economy. Zell not so much. And investor lynn tilton is with us live this hour. She just filed a suit against the s. E. C. Shes fighting back saying fraud charges levelled against her are absolutely false. We begin now with the American Labor market. Traders and investors positioning themselves for fridays employment report but could they be setting themselves up for a bit of a shock . Steve liesman is here to explain. Explain, stevie. Yeah mandy. There has been a lot of worrisome Economic Data t...
June 21, 2024
Trading revenue was very strong in the quarter as higher volatility boosted volume. Meantime, wells fargo reported a 1. 5 drop in First Quarter profits, but ceo john stumpf remains positive. John i believe the underlying economic expansion that is approaching its six anniversary remains largely on track. I am optimistic that the improving u. S. Economy will continue to provide wells fargo with many opportunities to better serve our customers, our communities, and reward our shareholders. Emily w...
June 21, 2024
But i dont know if it was coincidence or not. Ever since the apple watch was introduced, they brought out everything else. As soon as the watch came out, the stock started to fall. Last i saw it was down about 1 probably off the lows right now. Everybody was waiting for the watch. They got a bunch of other things. They got this research kit which is very interesting. On health. An accumulation of information that crowd sourcing of medical information that people can share. This one app that is g...
June 21, 2024
Morning. Its heading east. The pilots will take turns flying day and night. If goes as plan the trip will end in mid june. Four u. S. Stops are planned. Here are the big stories today. Apple holding a major press event in san francisco. The Company Expected to offer details on the watch including a high end model that some say could cost as much as 10,000. Well talk more about apple and the entry into the dow in a few moments. A new survey finding the fed to raise rates in the second half of the...