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June 23, 2024
European markets following through to a certain extent largely in the green. Spain is the outlier there. Election. A little more election. 2. 18 for the tenyear yield. I hear that r word, but everybody says well hit below 2 again. If youre in other parts of the country youre talking r. Were talking recession. But we could be talking road map. Ours starts with star wars. And a rare look inside apples operations, and what ceo tim cook is calling political crap. And mark Martin Shkreli spe out afte...
June 23, 2024
That was easy. At one point today when the indices broke down, i heard a collective sigh. And i was pretty shocked that i didnt get hit by a white flag of surrender after i walked down wall street after the show. But the facts refused to align with negative story. I think today was one of those times. As we saw a terrific rebound in the averages, after a second bout of hideous selling this morning. The dow closing up two points. The nasdaq declining 2. 4 . First, lets deal with the negativity. I...
June 23, 2024
Unchanged. Cap x a disappointment. Our road map begins with nike. The company showing strong numbers out of china. One retailer not having a good day, Bed Bath Beyond sending out warning signs. The stock taking a hit after it cut its Third Quarter profit forecast. And beatles fans doing twisting and shouting today. The band is coming to a streaming service near you. Well get the impact on the music streaming business. First nike shares rising in the premarket. Revenue just shy of expectations. F...
June 23, 2024
Is what happened today. And the nasdaq climbed. 65 . What exactly defines crazy town . Its the worshipping of the false god of higher oil. Or even the demi god of slightly higher oil. This bullish stock pandering to the rising stock of oil was a threefold impact on the market that defines crazy town because its so darn positive. Why do the bulls like what do they like about all of us paying more at the pump or having our goods be more expensive because of the cost of energy. First to the crazy t...
June 23, 2024
Advertising game console video game consoles to plot their next move. But first we begin in paris. Michelle carusocabrera joins us live from there. Michelle . Hello, mel is. For some reason the police have cleared the plaza of the republic and you could see over my shoulders all of the candles left my mourners to honor the victims of fridays attack. They are at the base of the equivalent of the statue of liberty here in paris. In the meantime, we have learned that reuters has interviewed the bro...
June 23, 2024
As we used to say. Maybe we still do. We do. Of course we do. You can see there the dax in particular up 1. 69 off of not a bad overall year as we look at yearly returns. How is the tenyear note yield doing you ask . There it is. 2. 25. And of course crude and natural gas crude in particular, so important in the movement of the market, down yesterday. Market down. Up today, well see whether the broader equity market follows through. We have the latest s p caseshiller home price report. That was ...
June 23, 2024
Editor. Kicking it off today with amazon. A record Holiday Season with more than 3 million prime members joining during just the third week of december. The company also saying nearly 70 of its customers shopped using a mobile device. We know amazons numbers would be big. The fact its now saying 1 of the u. S. Population signed up for prime in one week. Yeah, big, big number. Shortened time frame. I think theres a lot of consumers are seeing the advantage of signing up for the service so they ca...
June 23, 2024
Morning. But those are pretty incredible images. Among our top business headlines were watching oil prices this morning. Crude down sharply after yesterdays gains of nearly 3 . We havent quite wiped out that gain but its still going to be driving the market today. Crude down about 2. 5 . Brent down close to 2 . Brent is slightly higher than crude but weve seen those levels reversing themselves. The move came after an unexpected rise in inventories reported by the American Petroleum institute. We...
June 23, 2024
Gains overseas, and nearly 3 rally in oil prices. All ten s p sectors are in the grin pushing the s p back into positive territory. Talking about is it finally here. The market seems to be just going up and down with the price the longterm trend it looks like its going to raise rates. Thats not you really we saw stocks despite the continued massive drop in oil. Well, i think, mandy, what you got iran, for instance, comes on the market. The opposite it went in the opposite direction when he did t...
June 23, 2024
Year in dubai and it looks like those celebrations are going off. Thousands of people were expected to gather, as we can see there are still crowds of people just a few blocks away from what was the sight of this fire, horrific images that really broke out two hours before the new year celebration. We saw them here on cnbc, we saw them across social media, people tweeting these pictures. Something to see. And very dramatic to happen just a few hours before and admitted a new years of tension in ...