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June 19, 2024
Who covers cisco. Obviously the yost were not these layoffs were not expected. Why now . There are probably people relieved because it was as high as 20 rumored. Now i think they are seeing emerging markets a lot worse than they thought. They are also having issues with phone carriers, about a third of their business, a very big market. There is a whole lot of change ahead of this company. Phone companies are struggling. They need to become more like google and facebook and change the infrastruc...
June 19, 2024
Also on todays agenda, we have key Economic Data. Last months reports show price gains slowing in 14 of the 20 cities that were surveyed. Chrysler filing paperwork for an ipo up to 100 million. The ipo will be underwritten by jpmorg jpmorgan, coming more than four years from the automaker emerging under management. Bill fight going on between the unions there which led to this. Well talk about that. Also, the Justice Department now reportedly preparing to sue jpmorgan in the mortgage bond it sol...
June 19, 2024
Physical merchants in physical stores. Competitors,tting offering much lower transaction fees. And a variety in luxury, from to bumpers. Lights we will tie you how rollsroyce is helping to enhance the latest model. First, to our lead story of the day, alibaba is making final preparations for its ipo, which could become one of the largest in history. The Chinese Ecommerce Company started its investor roadshow on the third with travels to three continents. Alibaba could go public on the New York S...
June 19, 2024
Look to portugal, tenyear rocketed to 4 , was 358 friday as the european indexes there are firmly in the red. Road map begins with the sell off on the globe; jobless claims fall from a week ago, and european worries drag down equities in the u. S. Family dollar profits fall for the third time as Carl Quintanilla icahn continues to push for the sale of the company. Costco, sales flat in premarket despite same store sale numbers strong. Allergan fights back after the bid to take it over. Well hear...
June 19, 2024
Month of may in seven years. What does that say about the state of americas of discovery . It may not be as clear cut as it may seem. Stay tuned to a special report behind those numbers. Love that story. Another botch by bank of america. This time sending the wrong data to regulators making its private stock Trading Platform look larger than it actually is. This error coming a month after making a mistake in its stress test numbers that. Resulted in the banks suspending a planned dividend hike. ...
June 19, 2024
Factor like that . You just wait to see what happens. After a fairly decent day of the dow advancing, the nasdaq climbing 1. 3 , i think the prevailing view is that we really do once again for our coupleuppins. After all, sell in may didnt work. How about this, sell in june you funny balloon. Needless to say i tire of these moronic mantras that other people keep repeating but i cant shut everybody else up. Mad money has been about buying in any month when youve got a Quality Company with cheap s...
June 19, 2024
Tax cuts for families. Phil mattingly is here with more details on the budget. Give us highlights. Click that is right. We know a couple of things before it is officially released. 56 billion in new spending in this budget, a lot of it based on infrastructure, Early Childhood education. The white house is focused on the expansion of the tax credit, to expanded for lower income adults without children. That appeals to republicans, most notably senator marco rubio. The administration is hoping the...
June 19, 2024
Famous, then you were born ten years later and thats where goldie. I knew her well from all shoo hes on it since then. Im not going to bring up laugh in considering the Hawn Foundation is doing brain and meditation reseven. Shes come a long way. Her son. Oliver. Havent met the daughter. I know the son you probably wish you knew the daughter. Ive known you long enough. Before we get to all of that we have a roundup of this mornings top stories. Chinas lenovo is buying the low end service for 2. 3...
June 19, 2024
A billion. I did not say that, jim. Youre my hero. You know that. Mark haynes introducing cramer for the first time here. The first time on cnbc. Oh, i loved them. This the networks 25th anniversary. Well bring you highlights later in the morning. Welcome to squawk on the street. Im Carl Quintanilla with jim. Faber is up town at the nasdaq today. Hell bring us key interviews including Morgan Stanleys james goreman later on. Massive day for earnings. Big cap banks, industrials, tech, s p on track...
June 19, 2024
Is it possible to ensure yourself against the insanity of our elected leaders jo to be immune of the inside the beltway wars . And how much of a weakness weve seen, including today . Its breakdown day. Dropped. Nasdaq, replaced at the feet of the bears in the white house in the gavel. First, lets establish whats happening. We know the fed lowered the boom on the short sellers telling them to be careful because bernanke is still a lover of bonds. If you were selling bonds. Short. Expect them to g...