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June 23, 2024
Below 45 a barrel. A design of 4. 13 . Energy the least well werg sector. Also its a quadruple expiration day. That will put more pressure as art cashin has mentioned. Utilities are holding in decently, one sector not getting crushed as investors do hunt for yield and safety. Is now the time to jump into the beaten down sector . Its down 10 this year. We will hear from both sides coming snup thats one we keep looking to when the market goes lower utilities somehow hang in there as a defensive pl...
June 23, 2024
Anna a warm welcome to countdown. I am anna edwards. Mental i am manus cranny. Weve got breaking news. Manus weve got manus cranny. Caroline, give us the numbers. Caroline net income. Billionoming in at 16. 7 cronin. This is compared to 17. 9 billion. We got net income coming below analyst estimates. The reason . Basic impairment charges. Provision overall. They are having to reduce the guided Capital Expenditure level 260. 5 billion. They are trying to ream back their spending. Their Financial ...
June 23, 2024
Shade on tuesday, ted cruz went on the radio today and amped it up. We had an epic battle in congress a couple of years ago amnesty andion of the argument that we need to secure the border first was an argument i was making over and over again. Sessions argument jeff was making over and over again through it all of the folks on the other side dismissed it saying we were antiimmigrant for believing we should secure the borders. Deep and genuine disagreement with that view. As a voter, when politi...
June 23, 2024
Stockpiles couldve risen once again. At stocks. A look i want to focus in on phenomenal moves. Some restructuring to talk about. Lonmins Credit Suisse and shares. Selling 28 suisse profit down 24 . Ofting costs to the tune 3. 5 billion. The chiefp 4. 5 as of executive steps aside. Weve got does go profit warnings. Got to profit warnings. Jonathan thank you. In asian markets, weak exports proving we need to discuss. The shanghai comp sit down three Percentage Points overnight. A lot to discuss. T...
June 23, 2024
Between donald trump and his rivals. A lot of attacks too. Before we get to todays other business headline wes have a developing story for you. A major magnitude 8. 3 earthquake off the coast of chile shaking the country leaving 3 people dead. Waves of up to 15 feet pounding coastal areas. A billion people evacuated. This quake was to powerful that it was felt across the continent. Well tell you more about this as we continue to follow the story through the morning. Lets tell you about the big b...
June 23, 2024
Days. Francine it is all about the fed, and those odds about them hiking just got that much lower. Tom but i would also suggest it is about the real economy. John norman joins us from bank of America Merrill lynch. This is a real economy discussion filtering in. Francine lets get to bloombergs first world news in new york. Isnie president obama pushing back his timetable to bring americans home from afghanistan. The white house is expected to announce today that they will keep at least 5000 troo...
June 23, 2024
A profit warning on declining demand for business jet engines. Good morning this is bloombergs surveillance. Im guy johnson in london with tom keene in new york. Good morning, tom. Is whats got me going rollsroyce we are seeing this across many industries, but it started yesterday with macys in new york, truly disappointing. Then it comes over to this rollsroyce, the engine maker. There is a set of corporate pauses, and that is what is got my attention. Guy well talk more about that later. Tom, ...
June 23, 2024
We have politics to think about. What a combination we have for you this morning. The canadian loonie is under a depression this morning. Anna there is the Prime Ministers decadelong ball. Markets are interpreting this as a little bit of a negative. It is trading a little bit lower this morning. People are nervous around the fiscal picture. Does this mean more deficit spending . A very challenged economy. Guy a different take from what we look for in europe. This is the chart i love, though. The...
June 23, 2024
Brazilian debacle, has been resolved and were now free to buy, buy, buy with the dow gaining 32 appointmenpoints, it was the dows sixth straight day in the black. Thats the strongest streak since february. Too good to be true . There are some things that are nettlesome that we need to vet them right at the autoptop. Lets talk about debt ceilings and government shutdowns. With the demise of the republican speaker vote comes the prospect of a government shutdown. As early as monday you will start ...
June 23, 2024
The nine it states is trending 3. 00 . In november . Is that a live possibility . Francine in the u. K. , that is unlikely. The debate is why would you not wait for the fed first . Tom i barely got any sleep so i am a dead possibility today. There is so much anticipation from tom keene about what mark carney will say. Lets get to the bloomberg first word news. Good morning. It is super tuesday for the bank of england. The minutes of its Monetary Policy meeting will be released. Governor carney w...