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June 24, 2024
You look at the gains here, the dow is up almost 7 since february 11th. The s p 500 up more than 8 in that same time frame and the nasdaq is up 10. 5 since february 11th. Do you sell into the rally . David joins us. You have a bullish tendency, but i think you believe that the upside is limited here. Yeah, absolutely limited. We talked about it last night in the show. Essentially this is a fearbased trade. People underpositioned on the long side that are fearing a lot of the meetings coming up o...
June 24, 2024
They talk about isil and iran. In britain he made it case for the to stay in the European Union. The matters discussed including some of the things he said in his speech in hanover. Heres that conversation. Good to seeama you. Charlie someone said this is the trip about your three of your favorite ladies. President obama it is a pretty powerful conversation. I have enjoyed spending time with all of them. I would say that this is the most elegant walk and talk i have done in quite some time. Char...
June 24, 2024
Lets get to bob pisani on the floor of the New York Stock Exchange. This is what it sounds like when doves fly. Very good. That was a good song. The important thing about it is since yesterday, were up 1. 5 . The s p 500, we turn positive for the year. Lets look at what the markets are doing in the middle of the day. Brian is right. Were in a bullish situation now. Two to one advancing declining stocks. New highs are expanding 200 at the nyse. Volume is on the moderate side. Volatility, well, th...
June 24, 2024
The hang seng was up about half percent. And the shanghai up about. 6 . The European Equity markets. This is the early trade. Relatively flat. The dax is flat. Cac is down less than. 2 . The ftsi up about a. 25 . And the italy index about 1. 5 . And spain just over 1 . And up about 0 30 cents. Brent up about 33 cents. Couple of big stories this morning. Bp reporting overnight. Quarterly profits dropping 80 . That topped expectations, oddly enough. The company says it now could cut Capital Spendi...
June 24, 2024
Welcome. Happy to be here. Well be talking about those key meetings coming up this month, as we recognize the seventh anniversary of the bull market for stocks, march 9th, 2009. Plus square and box getting ready to report earnings after the bell. This is the first report for square since going public. Well get you ready for the numbers. And a treat for you a live interview with jack dorsey coming up. Then its the new amazon. Maybe you have heard about this. Well tell you why the ecommerce giant ...
June 24, 2024
Japan, marginally lower, korea marginally higher. Overall trading, youll see right now looks like things are looking up across the board. Dax and cac up by 1 . Take a look at the price of crude oil. Last week, crude oil was down by 2. 50. This morning, around 36. 76. Andrew. Weve got a cub ouple of bi news stories. Alaska air officially going to buy virgin and they beat out jetblue. Well talk more about this transaction throughout the rest of the show. Its a big price war. Its a loss for jetblue...
June 24, 2024
Futures down 35 points. S p futures up close to 6. Nasdaq down by close to 11. If you take a look at whats been happening in early trade, you do see green across the board. Angela merkel was dealt with a setback with election theres. The dax is up by 1. 5 . Cac up by. 33. Ftse,. 50 . And bank of japan with a meeting today. And here are some of the big stories that we are watching for you on this monday morning, the u. S. Condemning the latest attack in turkey. Leaving 37 dead, 125 injured. Offic...
June 24, 2024
Down another 1. 7 to 39. 07. Also, the u. S. Governments Energy Information administration said stockpiles climbed by 9. 4 Million Barrels last week. A couple other stories were following. Starboard reportedly now ready to finally launch a proxy fight to remove yahoo s entire board. The furm has now been a vocal critic of the tech companys management, most recently asking yahoo to sell its core business. Starboard owns less than 1 of the company. The wall street journal saying they will nominate...
June 24, 2024
Itunes for print news, if you will, coming up. They are already in europe being introduced here in the United States. And offering refunds if you dont like the article too. Is that right . Really, thats interesting. After the bell, hall of fame basketball star bill walton will discuss his new book and whether nike blew it when it lost steph curry to rival underarmour. If you havent read it, i highly recommend it coming up next hour. Do you think bill will have an opinion . Did you ever see a cat...
June 24, 2024
Closed relatively flat. Nikkei was down by about 0. 3 . In europe, it looks like things are modestly weaker. The dax is down by about 0. 3 . The ftse looks flat. Lets get you through some of the top stories this morning. We have citigroup expected to report at 8 00 a. M. Eastern time. Analysts looking for the bank to post earnings of 1. 03 per share on revenues of 17. 5 billion. Citi has already said Investment Banking fell during the quarter. Worth watching. The bank could give us a better snap...