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June 23, 2024
Weeks. Folks came together to the common good to take care of the miners. Thats when we all stand and looked at each other and say this was a win. Marie according to officials, no new york workers were hurt in this incident. But until they know what went wrong with the elevator, the mine will remain closed. Reed we have some developing news in the war on terror today. Marie kimberly sutters takes it from here from the terrorism alert desk. Reporter from the terrorism alert desk in washington im ...
June 23, 2024
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. Its coming from four different directions. Sell sell sell sell. Sell sell sell sell. Worry number one, chinas falling apart. No matter that its been falling apart for ages or the chinese stock market is not creating wealth, many cant handle the ...
June 23, 2024
S p is positive. Nasdaq has gone negative. Oil is a big story, dropping below 32 bucks a barrel. Down 4 for both brent and crude for wti or for brent and wti. Wti now lowest level in ten years. Wonder weathering crude or china fears could lead to an even deeper pullback. Pete what do you think . China dominated headlines last week. China dominated headlines last week. Started on monday through the rest of the week. Then the price of Oil Last Week as well. The complete plummeting each and every d...
June 23, 2024
Keep the stock market higher. Theyre goal is not to prop it up. Its to balance growth versus inflation in many categories. N burnankes fed spoke with one voice. The fed under janet yellen has left the course since that first rate increase to go to a lock step series of hikes. And that change has been accompanieieby a cacophony of fed voices rooting for still higher rates or poohpoohing them. You figure it out, i cant. We have to have some chang here. One, theheed must know its own strength and r...
June 23, 2024
Hebdo by two isismic extremists. The paris prosecutors offffe says it is opening a terrorism investigation into todays incident. A happy ending to a drama 900 feet underground in lansing, new york. 17 salt miners were rescued this morning after being stuck for several hours in the western hemispheres deepest salt mine. Alex resila has more. Safety. There are no injuries. The mine manager says the 17 men are just cold after being stuck 900 feet underground. Shawn wilczynski mine manager they hudd...
June 23, 2024
The fed under janet yellen has left the course since that first rate increase to go to a lock step series of hikes. And that change has been accompanied by a cacophony of fed voices rooting for still higher rates or poohpoohing them. You figure it out, i cant. We have to have some changes here. One, the fed must know its own strength and recognize that when it talks endlessly about hikes, its freezing the Business World and creating tremendous uncertainty because people think, how can that possi...
June 23, 2024
Mondays break down. Suffice it to say theres big trouble in big china. Negative number two, the fed has gone from friend to foe. Theres a narrative out there right now, now that we have started to raise rates theres no return to the practical policy of data dependence. This thesis says that were on autopilot mode like the prebernanke fed. Well get a shortfall in earnings. Third fear were in the high peaks region of the economic cycle. Everywhere i go i hear that all sorts of cycles we have the p...
June 23, 2024
Plenty of clouds that will continue to stream our way. Raising in our direction will be a band of rain for little later on. I had of it, we will get a few showers this afternoon, but then it is mainly in the overnight hours that we see heavier rain comes through. It moves on t tugh, see you have a decent looking sunday. Look at what happens between sunday with a high 55 and monday morning. In the upstate, it will be in the 20s. We will talk more about that coming up. Myra thank you. The countdow...
June 23, 2024
Pay for it later. I know as a proprietor of a restaurant and an inn. A restaurant in brooklyn, this decline is a highly variable cost to my business. A major windfall for 2016. Im thrilled. What a terrific bottom line win out of nowhere. Can you paneling what must be the story in every company that must generate power to make things or businesses that manufacture objects out of plastic that are oilbased. Energy is a principle cost for almost company i follow which makes this a fabulous windfall....
June 23, 2024
I can recall bull markets based on the cost of fuel. The combination of a reduction in the price of gasoline to under 2 in your heating bill. It is like giving every Single Family a 1500 tax cut. The government doesnt have to pay for it later. I know as a proprietor of a restaurant and an inn. A restaurant in brooklyn, this decline is a highly variable cost to my business. A major windfall for 2016. Im thrilled. What a terrific bottom line win out of nowhere. Can you paneling what must be the st...