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June 21, 2024
Sector pmi before that. The dallas fed is going to look at manufacturing. The london markets are closed today. It is a bank holiday. We dont know when that is going to happen in london, but they happen from time to time. We will get the new home sales at 10 00. I thought this was in august yarder. Forget about it. Futures are up five. The 10 year yield is up 2. 3. The euro dollar has plunged. There is no other way to put it. That is a while number four mario draghi. There is a nice spread betwee...
June 21, 2024
Moments. Meanwhile, European Service and manufacturing data both came and marioicted draghi making the case yesterday why Additional Services needed. Here is the only thing. The Unemployment Rate expected to be 6. 1 . It is Holding Steady for four months and has not gotten any better. That is one of the tensions. China, india, israel, and germany are all closed for various holidays today. This is the 20th anniversary ofs is the 25th anniversary reunification and germany, the east and the west ba...
June 21, 2024
Up th andeis going vix is going up. At 2. 13. Res are lower crude is 92 which is low. In spite of the headlines coming out of russia and iraq and syria, oil is down because we are not growing to the extent we were. The supply issues in the u. S. , we have plenty of it. Lets go to the russell 2000 index. This is a 10 year chart. You can see would get annualized gains of about 4. 8 which is better than the s p 500 but here is that correction. People warned that that might be the canary in the coal...
June 21, 2024
That . It was earlier than that. Yesterday afternoon that dropoff in oil was stunning. The one thing that has not fallen yet is gold, hovering at 1200, but that is the critical spot. We will do a data check in a bit. Factories cut prices the most in a year. You can see why the euro is down given that action. Change atployment one thirdcuts about of the paychecks for workers. When you factoring and Construction Data manufacturing and Construction Data, and throughout the day we will get auto sale...
June 21, 2024
Are getting more data with the jobs report friday. This is the beginning of a lot of good data. 10 00, pending home sales. Home stuff has been squishy, back and forth the past few months. You get a good month, a bad month. Pending home sales at 10 00. Obama is welcoming indias Prime Minister and 8 30. What is curious is he was central he was at central park this weekend for that big concert and moved a lot of people. He is like a rockstar. Tom, you were way ahead when he got elected. You saids i...
June 21, 2024
The European Central banks in physic and not fix the economy on its own but ready to take more steps to help. Here is ecb president mario draghi. It is necessary to further longss risks of too periods of inflation. The governing council is unanimous in using additional instruments within its mandate. One of those unconventional measures is buying government bonds. That is something that has not been mentioned before, at least not officially. His comments come less of three weeks before the next ...
June 21, 2024
Prices are down more than 30 percent. Saudi arabia pushed back. Here is the secretary general. Last four years and a half, we have a price decline. Theave to wait and see how market will set. I have said many times you that we dont want to panic. I mean it. Federal regulators are now formally debating a nationwide recall of 40 a faulty airbags. They have told japans to Cott Corporation to recall by december 2. So far, they have recalled the devices in areas with high humidity which is blamed on ...
June 21, 2024
Pumping on this for six years in a partly for whatever he is going to do tomorrow night, continues to refuse to deal with congress. Shameless plug, you can watch the president speech right here on Bloomberg Television. Coverage begins at 8 00 p. M. Eastern time. Florida, there was a shooting early this morning on the Florida State campus. Three students were wounded at the universitys library. Police shot and killed the suspected gunman. Officials sent an alert to students to seek shelter. Anoth...
June 21, 2024
Fueling more. War. Both sides are accusing the other of preparing to attack. The battle over the Keystone Pipeline resumes on capitol hill and if likely to have a huge impact on the one senate race that has not been decided. The house votes today on the controversial project. Very landrieu of louisiana persuaded the senate to vote on an identical bill. She faces a runoff against bill cassidy. Hallelujah. St say, i will say it again, hallelujah. You would never have passed his body and not have a...
June 21, 2024
Banks have a message for the biggest customers. Pay take your money elsewhere or pay up. Some deposits are less profitable. Jpmorgan, citibank, others will start charging on fees that were free before. Those include hedge funds. Section is after Bernie Madoff admitted to bedding the biggest ponzi scheme ever, his lieutenants will learn their fate starting today. They made millions while helping 18 millionh his scheme. Made off is in prison for the rest of his life. Will fever is hitting new york...