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June 29, 2024
We track it. Talking to an official down there. Looks like progress is finally being made in congress on two of President Trumps biggest agenda items, that would be tax reform and replacing obamacare. We head live to capitol hill for the latest details on that. We also have fedex, adobe, Bed Bath Beyond reporting earnings after the bell today, a few days sinces weve had bigger earnings to recover. Well bring you instant analysis as soon as the results are released bed, bath down 2 . Fedex gettin...
June 29, 2024
Morning. Hurricane rita bears down in the caribbean. A category five storm makes landfall in dominica and Virgin Islands for another beating as well. Puerto rico has declared a state of emergency this morning. Global markets on edge. Investors waiting for good twoday meeting today. Central bank expected to detail how it will unwind the fourpart 5 trillion Balance Sheet. We are expecting details tomorrow. Had it all back in futures indicate a higher opening today in the u. S. Dow industrial to op...
June 29, 2024
Carl quintanilla joining us Spark Capital quinn and roger, good morning to you both pressure continues to mount on Silicon Valley as u. N. Today, leaders from the uk, france and italy will call on social Media Companies to remove terrorist conten from their sites within two hours or be held liable for content on their platforms facebook, microsoft and alphabet are attending todays summit roger, it is sort of a continuation of the political pressure they are getting from all sides. To me its legi...
June 29, 2024
Rally pause. Futures are flat as investors await further futures from the feds on its interest plans call it the amazon effect. Shares of bed, bath beyond slashes fullyear outlook. The most destructive storm in modern history puerto rico suffering that direct hit from maria. After another day of record highs for stocks, wall street focusing on the fed which wraps up its twoday policy meeting this afternoon the policy Statement Due at 2 00 followed by the News Conference a half hour later. The wa...
June 29, 2024
Home caught on tape unleashing a screaming, profanityraced tirade at his neighbor, who happens to be Kathy Griffin. Is his job in jeopardy power lunch starts right now im Brian Sullivan thanks, michelle your money is steady ahead of the fed. The dow is up about 20 points. It would be higher if it wasnt for apple. Apple, the biggest drag on the dow, reportedly admitting there are some connectivity with their new watch. We have an ipo shares of ali baba backed the Logistic Companies best up inc mo...
June 29, 2024
Island. As you mentioned, neil, this is the worst one they have ever seen here. The future path it will take it a little bit to the east of turks and Caicos Islands that said, those islands in the bahamian chain got absolutely devastated by irma. I dont think its a direct hit there. After that this is about a strange of a dance as you ever see in the western atlantic ocean. See it all the time in the pacific. It is called the fuji effect, jamessed after a japanese meteorologist in the early 20s,...
June 29, 2024
S p indicated up fractionally. The nasdaq up fractionally as well overnight in asia, the nikkei ended higher it was up by 11 points thats still a win hang seng was up by a quarter percent. So was the shanghai composite. This morning and in some of the early trading weve seen take place in europe, modest advances actually things are relatively flat the cac is up by 0. 1 . The ftse is flat the dax is flat. Well see how things react as we get deeper into the trading day. Lets look at crude oil pric...
June 29, 2024
If you go back to say 2013 and consider the until this year, the reasons why inflation was low are not hard to understand its a combination of slack in the labor market, declines in Energy Prices and strong dollar that pulled down import price inflation. So, whats important in determining inflation Going Forward is Inflation Expectations by some by many of professional forecasters those have been rock solid we do also look at Household Expectations which have come down some. Marketbased measures...
June 29, 2024
That hardwon progress. It is aggravating. Kennedy you know whats aggravating . Trying to convince people they have to maintain his legacy. Its frustrating to have to mobilize every couple months to keep our leaders from inflict real human suffering on our constituents. But typically thats how progress is won. Kennedy do you know what real human suffering is . Forcing Healthy People to pay for sick people with an immoral mandate. And its much worse in places like alaska. Here is their insurance d...
June 29, 2024
New iphones go on sale as the stock feels pressured this morning. Plus, geopolitics over the market, north korea leader is say hell test a Hydrogen Bomb over the pacific. First up, though, stocks are looking to regain momentum after the dow snapped a nineday winning streak and hit an interday high early in thursdays market. War of words between the president and kim jongun. We had the sanctions yesterday of the u. S. And china and now a threat over the pacific. The escalation is notable this wee...