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June 26, 2024
Percent here in europe as stocks start to open up for trade. Lets delve into the sectors. We saw on wall street the hand over has been where the markets closed a little bit weaker on the dow over what weve had. But in term of the sectors its about rotation. Thats whats been happening in the underlying trade on trade. Not buying index but rotating on sectors which is why this picture is so important. Oil and gas right at the top. Health care at the bottom. But all stocks are moving higher this mo...
June 26, 2024
The fbi has been conducting a preliminary inquiry into Donald Trumps former Campaign Manager Paul Manafort business connections to russia. This comes as the backlash grows over clintons emails top aides for clinton accusing james comey of a double standard. Fbi official telling cnbc comey accused russia of meddling in the u. S. Election. Comey argued privately that it was too close to election day to name russia as the perpetrator of cyber attacks. Lets check in on the global market. Were seeing...
June 26, 2024
Bond yields at zero. Yen this morning, the nikkei higher by 17 points, hang seng higher by 212 and shanghai composite by 21. 5. There you go. Back here in the u. S. , deadly pipeline explosion yesterday in shelby, alabama. One person was killed and five others injured after part of the Colonial Pipeline burst. Colonial shut down its main pipeline after the incident. This is the second time in two months hit to close the pipeline which is a crucial supplier for the east coast. In an update late l...
June 26, 2024
Brothers najarian. Investors are bracing for a week of uncertainty. Both the dow and the s p just posting declines for the Third Straight months. You have session lows. The vix is hitting its highest level. What do you do here . Whether or not it contributes to a done side move in the market, we will see, but we have seven days now at least until the voting is completed and then well see whether or not the process is completed. Thats one of the wroerz, judge. Thats why theyre buying up side call...
June 26, 2024
Economics, finance, and investment but is america exhausted by a stunning game last night . It will truly get super bowl ratings. Francine well. Politics, sports has been amazing. Government british is bracing for a court ruling in the lawsuit challenging brexit. In about an hour three judges will roll whether theresa may can begin the u. K. Exit from the European Union without permission from parliament. Wasish parliament overwhelmingly eu. Egypt has taken the unprecedented move of letting its ...
June 26, 2024
[ taps is played ] one of the most solemn duties the president has laying that wreath at the tomb of the unknowns and the last time barack obama will do that as president of the United States. We bring you back home to post 9 on this veterans day. We continue our discussion about the markets. Mike was just mentioning the tech selloff. We have singles day bringing the move in chinese ecommerce into sharp relief today, david. And certainly the prospect of a Trump Presidency and what that will mean...
June 26, 2024
Good tuesday morning. Welcome to squawk alley. Im carl quintanilla. From one market, the information founder and editor in chief, jessica lessing. Good morning to you both. Our top story is one weve been following since the election. That is, controversy over facebook and how it plans to handle fake news. Jessica has an oped and why facebook shouldnt fact check. From the piece she says i simply dont trust facebook or any one company with the responsibility for determining what is true, saying su...
June 26, 2024
Good wednesday morning. Welcome to squawk alley. Carl quintanilla with Kayla Tausche at post 9, and mark santoli. Donald trump making two key cabinet nominations they morning. Lets get right to our john harwood outside trump tower with all the details. John . Reporter carl, these are two of the big ones. Steve mnunchin has been selected by donald trump to be his nominee for secretary of the treasury. He, of course, is a former Goldman Sachs partner who was the fundraising chief for Donald Trumps...
June 26, 2024
The restaurant ceo has shown up. Governor Terry Branstad has claimed the u. S. Ambassador to china position. Just moments ago the possible pick for labor secretary as i mentioned the chief executive did arrive at trump tower for the big interview with the president elect. We have our foxbusiness cameras trained. Now just as he bought that into the u. S. Mister trump is challenging more american businesses hes urging them to build a huge factory. You cant ignore his latest jab. Even asts race to ...
June 25, 2024
From germany and we are now getting gdp from the italian economy, growing 0. 3 in the First Quarter. The vague question is whether a lot of this growth comes from the ecb and a lower euro or whether it comes from Sustainable Growth thanks to reforms put in place for example by the italian government. Gdp growthent, that pretty much in line. This is your market, or these are your markets this morning. Stocks in europe dropping a touch because we had quite a lot of earnings that disappointed. We a...