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June 21, 2024
Outbreak . We speak to the companys ceo, coming up. Also lyft you know, lyft are raising another 150 million right now, the majority coming from carl icahn. Coming up well discuss how much this cash and icahns name can help lyft compete with uber. More of those puns are awaiting us. The story today, bill that has everybody talking from Silicon Valley to back here on wall street. What are carl icahns intentions and what does it signal about the prospects for these two in the markets . Exactly. Th...
June 21, 2024
The changing of the guard alibaba. The company having its best day since the company went public but will new blood help turn the stock around for the long term. Well ask that question. New developments you just heard in mcdonalds plan to turn itself around. Yes, kale is part of the idea. The new ham burglar. Even james franco has been weighing in on the role mcdonalds played in his early career in life. Cant wait to learn more about that. We are watching the markets though with just an hour goi...
June 21, 2024
German bund got to nearly 80 basis points. Oil relatively flat. The tenyear hit 2. 30. The rising vix, some of these yields went bananas around 6 00 a. M. Eastern. Because of the percentages and how low they are in germany, you have a little change in germany, its a dramatic rate increases. People are losing fortunes. Now its 2 trillion in two weeks. When people say why are some of our stocks down look at the pain. People believe negative rates would get more negative even though there certainly...
June 21, 2024
Lawrence lindsay saying we could see a bond market tantrum if janet yellen and the fed dont raise Interest Rates. A new Study Finds Companies may be buying back stock at a record pace. However, corporate insiders are not. Thats interesting. Coming up well discuss whether thats a sign that executives believe stocks are starting to become too expensive right now. Watching the insider trade. Heres what we see, right now with an hour to go the dow is up 16 points. Buffeted by earnings today. The s p...
June 21, 2024
Kinds of things. It occurs to me that we didnt know how good we had it. Our rates were kept low by a weakness in the european economy but we were having this great year in 2015. We had the best of both worlds. Rates will stay low. Yet the economy was growing. We were doing great. Now we get a. 2 read and europe is doing better so their rates are going up based on what theyre doing. So do ours. Ours go up so we go from 17onthe ten year to a 2. 3 and all these numbers are so low. They cracked me u...
June 21, 2024
Budged. Dow futures down by 6 half a points below fair value. The s p 500 closed another record high on friday. Nasdaq down by 9. 5. One Economic Data point of note, the National Association of Home Builders will release its Housing Market index for may. Thats due at 10 00 eastern time this morning. A little bit of news out of chicago, charlie evans, he says the feds should aim to boost inflation by keeping Interest Rates near zero until early next year. Evans is a Voting Member of the fomc and ...
June 21, 2024
Markets slightly weaker yesterday. A couple of big stories this morning. The big one is hp reportedly planning to sell a majority stake in its chinese data networking operation for about 2. 3 billion. Heres whats going on. The wall street journal saying it comes after revelation that u. S. Spying for demand for tech products. Sis coe and others have had issues about this. Also in Economic News new numbers overnight showing chinese factory activity contracted for a Third Straight month. Chinese o...
June 21, 2024
Back after the tenyear hit a sixmonth high earlier in the session. We talk to pimco chief officer scott mather in just a few minutes. And treasury yields across the pond as well have had a huge gain. Also that picasso painting sold at auction last night, a record 179 million. Economist norle ra lle lle Nouriel Roubini will be here. He thinks some people use expensive art as a form of Money Laundering, unquote. Hes at it again. Hes dr. Doom of the art market. With an hour to go in the trading ses...
June 21, 2024
Well go over to japan and tell you whats going on there. Lets get to our road map here. Youve got mail. Verizon aol, 4. 4 billion. Why is armstrong selling the company he runs and why verizon is buying a content business . Plus as we mentioned, we are seeing red in the premarket. Stock futures are lower as that selloff in bond continues. Another month of weak numbers from the gap. Retailers april sales came in below consensus blaming, what else . Youre thinking weather . No. Strong dollar. Thats...
June 21, 2024
Shenzhen composite is up more than 100 just this year a doubling. Take a look at that. Is this the place to be for growth or is china becoming a dangerous bubble ready to pop . Well talk to a couple of guests about that. Is this the chinese 1990s right now theyre going through . Plus the return of the cable king himself, john malone behind the 55 57 79 billion charter Time Warner Cable deal could this move drive more companies to merge in that industry . Well be talking about that in a little wh...