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June 25, 2024
1 . Take a look at the groups on the move. We still have technology in the red. Care has been lagging. Tech just barely in the red. Materials, consumer staples, utilities are leading some of the gains here. Look, ifnted to take a i may, at what is going on with oil. Because we have also seen the s p track very closely today with oil prices. White yellow, the s p in and you can see clearly what is going on. Around and made a roundtrip. So have oil prices there are concerns about supply constraint...
June 25, 2024
Seesaw this morning and now here session highs. Still in the red but for the dow, it had been in positive territory for a brief and hot second there. 53 to 47 shows favor the brexit. That reflected in the Dow Jones Industrial average. We can see popping into the green and going above the flat line for an hour or so, just under the flat line. We did see the dow down as much as 168 points. I want to show you whats happening with the s ps 10 sectors. Negative territory with Energy Leading the decli...
June 25, 2024
Investors read main concern about remain concerned about the referendum in britain. Do let us know what you think of our top stories. That is my handle, rishaadtv. Please use trendingbusiness. Negativity in the index futures, indicating a mixed picture. Trying to make sense of this market. There are conflicting catalysts. Sidelinedincreasingly as voters go to the polls. Saying when we are it comes to sydney, hanging onto gains. Japanese stocks falling for the first time in four days, the nikkei ...
June 25, 2024
Of trading, lets go to the close of trading where julie hyman has more. People are awaiting centralbank action, or inaction, as the case may be this week. Not Much Movement in stocks. On an intraday basis, we had a bigger pullback earlier this morning but then stocks have been bumping along in this range. If you feel that, look under the hood, you will see there is a lot of individual stock movement. It just has not been translating into much direction on the macro level. But of course it is ear...
June 25, 2024
About 30 minutes into the trading day in the u. S. We start with Economic Data. Julie manufacturing get expanded july, but it was at a slower pace. This is an institute of supply management. 52. 6. Coming in at we should mention, the median forecast was 53. Coming in a little below at had what had been estimated. Employment contracted for the seventh month as part of this report. We get the overall jobs report friday. The major averages remain mixed in the wake of this report. Snp pulling back s...
June 25, 2024
Earnings and we are seeing mixed trading right now. The dow down just about. 10 . Up. S p 500 is the nasdaq up the most by about. 25 . The market near alltime highs. Earnings driving movement and speculation from traders there might be some central banks. I want to show you the state of the health. We are seeing a bit of a creep with the green going ahead just in the last 15 minutes or so. Industrials and health care into the green. Telecoms have been the biggest laggard in most of the day down....
June 25, 2024
Today. Call it daydream. The head of vr will join us to discuss this daydream. In a first on cnbc interview. In the meantime after losing a second lawsuit claiming Johnson Johnsons talcum powder causes ovarian canister, they are speaking out right here on cnbc. Comments in a moment. And super bowl of bio tech coming up in just a few weeks. Well start getting data from a number of companies that that could cause sol bic moves. And fed minutes released about an hour ago. Steve leisman has some of ...
June 25, 2024
Daughter sherri and the ceo and leader of viacom Phillippe Dauman. This morning he has filed a lawsuit just moments ago along with George Abrams in the massachusetts probate and family Court Challenging changes purportedly made to the trust arrangements by an attorney claiming to represent mr. Redstone. In a legal complaint, these two gentlemen, mr. Dauman and mr. Abrams who again have been removed from the trust that oversees the stake in National Amusements that in turn controls viacom and cbs...
June 25, 2024
Polls. You can see that whats been doing not only here but overnight in asia. Lets look quick overnight in asia up see the nikkei up about 1 . Hang sepg up about a third of a percent. The trading in european equities right now where the polls are open in the uk. You can see the dax, the cac up about 2 . The fooths up about 1. 5. Italy up about 2. 3 and spain, the ibex about 1. 7 . Currency is where this is playing out. The undecideds. If you are undecided. The brexit people are like fantically b...
June 25, 2024
Stocks the dow and s p are on pace for their best week since march. Were going to close out the month on tuesday. Were going to Start Talking about how to play this in june ahead of brexit and the fed, how to play it in a summer where stocks have alternated up and down for six years. But at the same time we have groups that have come alive. This tech rally is very real. It is broad based. Its chips. Its software. Its high growth. Its cloud. The bank rally is in its infancy. As we get closer to a...