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June 23, 2024
The odds of regulation ahead. We begin with the biggest ipo of the year. First data hardly budging from its ipo price as we stand right now. Is the ipo market in trouble . Bob pisani joins us from the floor of the stock exchange. I guess the answer would be, not necessarily, right, bob . Yes. And more accurately its not in trouble but its repricing and thats good news for investigators. Its buy low, sell high. Stuff is on sale, people are taking advantage. A little quiet behind me but this morni...
June 23, 2024
That yield. Yield does go thats yield. Yield goes higher. Crude oil is the key to this market. Geez. I say that before my friend to the right of me says it. Wow. Were above 50, jim. Thats a move. Its for real. And that seems to be having a broad impact as you might expect on so many markets which we will get to as we start the road map this morning. Glencore higher in the premarket. It plans to cut production, but alcoa lower on weaker than expected results. Tesla gets a downgrade while elon mus...
June 23, 2024
To date, because the dow turned negative year to date. Just holding is had barely above water with 2 gains and the nasdaq up at 7 because ash stocks have led the way far as the big winners of this year. Loser is our energy stocks. If you look at the imap for today, you will see industry groups, energy is the big loser of the s p trade. Down 4 . Telecom, consumer staples, utilities the only gainers. David commodities are leaving the selloff . My producer has done something very cool. He put toget...
June 23, 2024
Hearing about it all. Stephanie i did not buy any really expensive art at about you, david gura . David the Chicago Police department will reportedly be investigated by the Justice Department or the Associated Press has a wideranging story this week about critics say the Police Department was slow to investigate the case. In beijing, the sky is the limit. The city issued a red alert because of smog. It imposes limits on factories and traffic, and schools are advised to close. Three consecutive d...
June 23, 2024
Rise and china is a slowdown are also factors. Lg display and Lg Electronics are both climbing today. Reports that samsung will spend nearly 13 billion to make flexible displays for iphones. Noble is down again after being cut to junk by movies. Low profitability at its core operation. Criticism of accounting practices. Quick check of the markets trading here in asiapacific. Sidecar the rideshare Delivery Service stalls out. Prime time for amazon. The same day Delivery Service is about to get a ...
June 23, 2024
Canceled 1000 flights that it. Powered by more than 124 journalists and 150 bureaus around the world. Cory im cory johnson and this is bloomberg west. The ridesharing and Delivery Service stalls out. Rivals are throwing in the towel. Prime time for amazon the company says the same day Delivery Service will get a major expansion. The exit strategy will 2016 be the bigname unicorn for snapchat and uber making a run down wall street . First, to the lead and developing news all the activity in the b...
June 23, 2024
From the close of trade on this monday after a snowy weekend here in new york. I want to bring in remy innocency of, who has the latest. Take a look at where we do stand right now. He s p 500, 1891 right now the dow is down just at the 100 point mark. This had been as low as 120 points and we are headed back in that direction. The nasdaq right now contract for its worst monthly fall since 2008. The big reason, of course, is with oil. Lets go into my bloomberg terminal. I want to show you somethi...
June 21, 2024
Would be a big mistake. Alsotch mcconnell criticized the agreement from the u. S. And china to reduce greenhouse gases. A executiveces change. The cfo is leaving and will be replaced by kelly kramer. Revenue was slightly up showing the transition is making some gain. Jcpenney is blending the weather for 1 drop in sales in the third quarter. They say warmer than usual fall hurt sales of seasonal goods. Online sales were up. Jcpenney posted a loss of 188 million. Nation teaming up. They will devel...
June 21, 2024
The u. S. And china to reduce greenhouse gases. Cisco announces a executive change. The cfo is leaving and will be replaced by kelly kramer. Revenue was slightly up showing the transition is making some gain. Jcpenney is blending the weather for 1 drop in sales in the third quarter. They say warmer than usual fall hurt sales of seasonal goods. Online sales were up. Jcpenney posted a loss of 188 million. Vice media live nation teaming up. They will develop a music themed Video Service offering Li...
June 21, 2024
The next secretary of defense. His task is to make the military more efficient. Going forward, our armed forces are necessarily going to need to be leaner. As commanderinchief, i will make sure we have a military that is second to none and that continues to be the greatest critic the greatest fighting force in the history of the world. He was the number two civilian at the pentagon and has expense and budgeting and buying weapons systems. Cisco systems is suing a rista networks for patent infrin...