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June 27, 2024
Trading, youre already going to see that things are fixed there as well. The dax is higher as well as the cac. Ftse relatively flat. The tenyear note. Yesterday the yield was settled in, back above 2. 4 . This morning still sitting at 2. 416. If you check out crude oil prices, which were slightly higher yesterday, this morning wti is up 28 cents to 4. 65. Couple big stories to watch this morning. British Prime Minister theresa may triggering a brexit. Signing a letter to invoke article 50. The l...
June 27, 2024
More components reporting earnings today. Europe is mostly green and german wholesale inflation is at a six year high. And got some reassuring comments in the saudis yesterday. We begin with a big day for earnings. Verizon, black stone, travelers all reporting this morning. Bill oreilly is officially out at fox. So what does the network do now without its biggest star and are even more big changes ahead . Bizarre letter and a soccer ball seems to be behind kleinfelds ouster from arconic. And ame...
June 26, 2024
Matthew is pounding florida. Our Morgan Brennan is live in Daytona Beach this morning. Good morning, morgan. Good morning, guys. Ill tell you its picking up strength here. Weve had some pieces of the building, this hotel were staying in as well as tiles from the roof have been detached and flying off in the wind just a short while ago, weve got a downed lamp post on the ground behind me and water starting to pool on the ground as well. So this is becoming more and more severe. Now, in terms of w...
June 26, 2024
Coast with the latest update. David want to get you back to the markets before more on the hurricane. The dow inhaving after todays disappointing jobs report. Home depot, united tech, walmart and biggest losers. Gold seeing a big drop for the week although up slightly today. Phil flynn, price futures and fox business contributor has details. Ashley webster on floor of new york stock exchange. Ashley, there was this flash crash of the pound before our markets opened. It kind of turned around but ...
June 26, 2024
Level since july, and on some levels the british pound falling to its lowest level against the dollar in decades. Could this Dollar Strength ultimately be bad for u. S. Stocks . Kate moore, what do you think . One of the things we were excited about in the second half of 2016 was the lack of the headwind from a much stronger dollar, and here we are getting a little bit of appreciation. I would note that the trade weighted dollar, not just the dxy index, actually still significantly weaker than a...
June 26, 2024
Posttrump rally has only been subject to the most mild of profit taking and remains as improbable as the election outcome itself. In the old pretrump days it was almost inconceivable to have stocks go up with the averages were down. The futures just overpowered everything. Now we have situations like today where the banks trade higher again as Interest Rates go up and the certainty of a federate hike grows ever more. Well, certain . Thats fabulous for the earnings. We get a quarter from applied ...
June 26, 2024
Almost inconceivable to have stocks go up with the averages were down. The futures just overpowered everything. Now we have situations like today where the banks trade higher again as Interest Rates go up and the certainty of a federate hike grows ever more. Well, certain . Thats fabulous for the earnings. We get a quarter from applied materials, the Semiconductor Equipment maker, and when it says the chip makers are ordering equipment again, it takes up a host of them. But when every one of ama...
June 26, 2024
Were down. The futures just overpowered everything. Now we have situations like today where the banks trade higher again as Interest Rates go up and the certainty of a federate hike grows ever more. Well, certain . Thats fabulous for the earnings. We get a quarter from applied materials, the Semiconductor Equipment maker, and when it says the chip makers are ordering equipment again, it takes up a host of them. But when every one of amats competitors, the stocks all go up. Will this year of good...
June 25, 2024
Is that the new diddy . Behind the initial selling yesterday and today . The dow gaining 49 points. Nasdaq climbing 8. 39 . Why not . Weve got 22 days, 22 Business Days in june that the swoon could happen. So why not go with the other half . Sell in may and go away . 22 days to be right. Look. I hate these poetic tid bits. If they didnt rhyme, i doubt anyone would give them a second thought. When can we just start hitting everyone . Hitting everyone who trots out with a 2 x 4 and make them see s...
June 25, 2024
A roadmap continues with the retail wreck continuing, gap, foot locker and ross stores all on the move after earnings. And more on the latest on the disappearance of egyptair flight. First up, stocks are poised to open higher a day after the s p touched a twomonth low on concerns the fed might hike rates next month, or in july. The dow and the s p on track for its fourth consecutive weekly loss, thats the first such streak since october of 14. The nasdaq on pace for its first fiveweek streak in ...