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June 23, 2024
Have we ever. There is a lot more coming up, though, here from carnegie melon. We have a couple of big interviews for you. Earlier i spoke with a major donor to the school, Hedge Fund Manager david tepper and asked him about the rumors he was in solar play sun edison yesterday. Here is what he had to say. People probably smoke a lot of marijuana out in your viewing audience and people on twitter because i dont understand where stuff comes from. I have never talked about stocks on this program. W...
June 21, 2024
About 300 the day before that, continues to the upside. Up 83 points or half of 1 . The s p 500 mentioned right now up 14 points in record territory closing here and the nasdaq composite adding 27 and half of 1 . Lets get right to it with our Closing Bell Exchange on this friday to wrap up the week. Gerard fitzpatrick. Steve sax. Pat ty edwards. And kenny pulcari. Patty, questions to the women today seem to be the theme here, what do you think happens . Is this a santa rally . Have we just put i...
June 21, 2024
So were 15 points away from that or thereabouts. Sure. Getting close. Apple also hitting new highs. Its like a market of its own. We have the analyst who just hiked his price target on the stock to 150 and satisfiesys this company is on the way to a 1 trillion market company. In case you hadnt heard, the buzz is theyre working on a car now. That would be one of the new projects. Well look into that a little later. Lets show you how the markets are trading today. Hasnt been the most volatile sess...
June 21, 2024
Change. Its been nearly a month since the index ended in unchartered territory. We have much more on the nasdaq and the feds rate hike strategy and the market. Including which stocks are set to heat up this summer. It officially begins this weekend. But the real feature today is what . The dollar. Whats going on with the dollar . The first up week for the u. S. Dallas against the euro in five. Thats the real story. Well get you your own show on cnbc calling it the dollar and you. Dont tease me b...
June 20, 2024
Folks joining us. After the close today, we have some big earnings out. Hewlettpackard. That tech bellwether, of course. The gap. Well get those numbers right after the close today. A latebreaking story this afternoon. Billionaire mark cuban making some headlines today in an interview about racial issues in lift Donald Sterling l. A. Clippers saga. Mark admits to his own prejudices and bigotry. In no way were the comments comparable to what Donald Sterling said, but does this put the nba in a po...
June 20, 2024
Were at 1849 on the s p 500 right now. Were ever so slightly back above water and were going to keep an eye on how the rest of the month plays out. Its the worst start to a january since 2001. But we are in the midst of earnings season and the earnings have not been horrible. No. And the beige book today was constructive. Bank of america. And b of as earnings were pretty good. Single digits feels like a long time ago as well. Thats a victory, yes. Also on todays show, 30 people that could change...
June 19, 2024
Which traders appreciated last week. Exactly. Now the question is, has that episode, is that firmly behind us or not . Guy adami was on the show and some others skeptical saying theyre not so sure and today markets are calming down a bit. One of the questions to ponder today. Will the market head higher from here or could we see another pullback on the horizon . Go to cnbc. Com vote and you can weigh in right now. Traders are on a delay over there. Thats right. By the way, take a look at that na...
June 19, 2024
Yeah. Dow still negative by 55 points. It was a sleepy summer session until the headlines began to cross. Look for confirmation of exactly what happened. As we head into the final hour of trade with the dow off 55 points this hour, take a look at the nasdaq as well trading higher to the tune of seven points. The s p 500, roughly unchanged, off by just under two points. Joining our closing bell exchange, Gerard Fitzpatrick from russell investments. Ken, chris from Jk Investment Group and rick fro...
June 19, 2024
So very surprising to see the turnaround this morning. Maybe it is offset by some companies that we hear from. Heres a story we have been following all day. You get fired from your job in just over a yearandahalf and leave with a severance package worth nearly 60 million. Ill take it. Sorry, just didnt work out, but here is a nice parting gift for you. It actually wa lly with one yah executive . Whats that say about the ceo marissa myer . Well have that story. It was on this date 25 years ago cn...
December 15, 2023
Markets have raced ahead of the U.S., euro zone and UK central banks to price in sizeable and frenetic interest rate cuts next year, fueling a so-called everything rally that could now be vulnerable... -December 15, 2023 at 02:17 am EST - MarketScreener