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June 25, 2024
Lowest level since august. Road map begins with deutsche, shares plunging this morning on news that the department of justice is demanding 14 billion to settle some claims. Were going to take the pulse of the banking industry. The new iphone hit stores today. The lines arent what they used to be, but does it matter . Apple shares up 12 so far this week. And the nfl made its twitter debut last night to some mixed reviews. How it worked and what it means for the future of the company and live stre...
June 25, 2024
Yes, the rain showers are coming in the morning and wrapping up midmorning and friday night football a few more showers and thunderstorms. As we look at the radar, a few quick hitting downpours near madison and lifting to the north, northeast and the east ward progression is taking time and we are dry for the next one to two hours in milwaukee. It is feeling muggy today. Weav dry toward downtown right now. But at least a chance of showers and thunderstorms arriving during the morning and exiting...
June 25, 2024
It was not located in the office, as chief campanello stated. The reporter the chief allegedly told the mayor, someone broke in to his office and that someone stole his phone, but there is Surveillance Video from the post office which allegedly shows the chief mailing the phone to his attorney. The phone was examined, it was discovered that all content had been erased. He told investigation that he had no idea how the cellphone was removed from his office mailed to his lawyer. The reporter and a...
June 25, 2024
Wasas the asset bubbles he worried about. We will continue to talk about that. Markets areow the reacting to this complicated decision. We of newsmakers throw the Program Including a Company Chairman and formal Federal Reserve chairman Alan Greenspan. And black rock ceo larry sink larry fink. It is quite a big program. First a check in the markets. Hawkish hold one hundred percent risk rally across the globe. Take a look at this it is green all over in europe. Telecom leading the way, euro stoxx...
June 24, 2024
The u. S. Continuing the rally we saw around the globe. Stocks are really strong out of the gate, up more than 1 across the board. It has something to do with oil prices which are surging. Oil is spiking higher on the day , up by nearly 7 . Even approaching 32 a barrel. Gaining momentum as the morning progressed. I want to take a look at the oil stock correlation. This is something that we have been looking at all morning. This is the oil and s p 500. The has seen a downtick in the correlation b...
June 24, 2024
Brexit debate and then the blackrock comments. The markets are not ready for the hike. Tom it is a stew. It is a stew of news. Youre right, francine. There is a negative tilt to it. Standard chartered really took me back. I know you talked to Chris Wheeler within the hour. What did he say francine he said these are banks going through huge restructuring. He mentioned specifically china. It took a leg lower today. It is going to be that much more difficult. Lets get to our first word news with ne...
June 24, 2024
Bottom in stocks. Another big rally giving investors hope that maybe the worst is, in fact, behind us. Our question this hour is whether any can really be trusted with a whole host of issues still worrying the markets. Whether its oil, the strength of the banks, chinas credit pile. Is this a punk rally we have gotten the last couple of days . When you get a decline in the marketplace it takes the shape of an alphabet letter. Sit going to be a v in i dont think so. Its going to look more like a u...
June 24, 2024
Month of losses. Joe we have seen a big comeback from our dips a couple of weeks ago. A 5 loss. Sed we ended up being down a little bit. Today, obviously not as good as the last couple of weeks. Scarlet unless you are valeant. I one point the stock down over 20 , the most since 2011. Bloomberg has learned valeant is under investigation, but this is different from its investigation from pharmaceuticals. The stock continuing to get hit. Joe the hits keep coming with this. Alix in terms of stocks f...
June 24, 2024
Pasani. For a year, it was oil, dow. Last couple trading sessions weve seen them maybe move in a different direction. Is this something people are talking about on the floor . Yes. Its encouraging that the s p is near the highs of the day with oil generally down for most of the day. There are four things worrying the world. One of them of course is oil. Weve had word that russia and saudi arabia may be agreeing on limiting production. Thats certainly a production freeze. But thats a high level d...
June 24, 2024
Freeze. Our road map begins with global volatility continuing. Jim mcgoggin. And apollo and adt are in a deal. And the death of Supreme Court justice ascalia has creatd a firestorm. First up, stock futures jumping sharply. Saudi arabia, russia, qatar and venezuela agreeing to freeze output at january levels provide that other major exporters follow suit. Crude prices rose off their highs of the morning. Some analysts expected an agreement to cut production. Thats not exactly what were talking ab...