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June 21, 2024
Gold, crude moving lower this morning. The dollar setting some new highs. Just now, jobless claims rise to the highest levels since june. Poised for a higher open, lulu lemon beats on the top and bottom line. Raises forecast for the rest of the year. Another retailer trying to regain its cool. More from target, as well. The exclusive interview we just mentioned, that newly minted chief of sprint will sit down with favre. Oil prices falling on worries about growing supply, International Energy ag...
June 21, 2024
After three days of losses, a strong day for stocks after fresh data this morning. Well find out where we go from here. Apple suddenly vulnerable. Bending iphones, Software Update gone awry. Will the stock continue its slide . Another day, another ipo, another one with blackstone. Well have the first trade for travelport after the company priced at the high end of expected range last night. As we bid adieu too jeter, we say hello to Steve Ballmer on microsofts new ceo and clippers. Durable goods...
June 21, 2024
And by the way, he wants to run for parliament, too. In motors, reserving a dinosaur from the golden age. What start off with everyone is talking about. Yesterday was not a good day to keep a deal on the table. Sprint once again set to end has0th century fox withdrawn a proposal to buy time warner. Sometimes you need to know when to walk away. It was Rupert Murdoch who forred to buy time warner 75 billion back in july. If you remember the time warner chief shut it down. After consulting with our...
June 21, 2024
Breaking pmi data slightly ahead of expectations. Pmi rising. 51 point five. Just half a basis points higher than expected. If you look at the competence of each country, it is the same as manufacturing that was week and some parts. We have to put up. For in percentage terms. We are trading at highs on the back of a composite number we have had out. I think what will be fascinating is to see how the european economy reacts to significantly lower oil prices. Russia. Lets talk about russia and wha...
June 21, 2024
Thats right. Several sessions adding points and adding eight. Talking about the effect of the stimulus and people at the same time talking about as a currency race to the bottom. Round number five or six i think we are on. Expiration day, too. May be complications. Art cashin saying the bias so far to the upside and could change. The dow up half a percent and the s p 500 sitting at a level unbelievable, 2061. A lot of forecasts coming into the year closing at 2014 was aggressive. Now the nasdaq ...
June 21, 2024
This is the time of year that businesses are at their greatest risk for losses, not just from shoplifters but employees. Our kate rogers has a special report. But lets begin with markets right now. An hour to go and we are seeing significant pressure on stocks. The dows off 102. Well off the lows of 150 from the last hour or so of the session. Still as mentioned, a lot of pressure in the Energy Complex. Crude today closing at a fiveyear low. And look at some of the names taking it on the chin in...
June 21, 2024
Energy actually is the Leadership Group with oil touching that fiveyear low and then getting a little bit of a bounce and energy names with it. Lets talk about the markets. Joining us now is dani hughes and kenny pulcari, diane gartnick and our own rick santelli. Dani, what do you make of todays move . It occurred to me months now we have one story of the stock market. Its great. Commodity and bond market tells us theres manager to worry about. What does today tell you about where we come down o...
June 21, 2024
Session was about, dow declining, nasdaq plunging 1. 34 . Yep, the sellers are worries something negative related to the plummeting price of oil could be lurking something that might clubber us as we dont expect it. From the single session pulmoling. Lets talk about the downside of the oil bust. A bust caused by supply and less than healthy demand because of chinas slowing growth. While we have 34 states that are takers of energy versus 16 states that are makers, we know there are ramifications ...
June 21, 2024
Do van hour heft o go in the session. Looking to see if we can continue this run thats making front pages. The s p adding record territory again. And same for dow. Nasdaq up 17 points for his part but were note braking out the nasdaq 5,000 hats just yet. But they are being made for that day it comes. And yes it is finally hitting newspapers. Lets talk about the closing bell exchange. Rick santelli and others join us. Good to see you all. Pat powell we are just joking here. I said we got 18,000. ...
June 21, 2024
Biggest gain since june of 2012. Crude prices rallying. Now 6 as you can see to 47. 41 on west texas crude. Weve given back some gains. The gains we saw on the settle. Nevertheless, enough po move theto move the markets off the low. Meanwhile, its the hottest ipo weve seen in some time. Were talking about shake shack. Up 132 or nearly 28 from its opening price. The burger destination causing a big commotion in the neighborhood. These are the lines outside until just about an hour ago. They had s...