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June 29, 2024
Facebook results beating sales, profits, user growth higher than estimated. The stock is lower in the premarket. The big story for cigna, david cordana ceo joins us whole foods des appointments for the second straight quarter. It is down double digits as earnings miss expectations the governments initial reading of Second Quarter gdp coming below consensus, 2. 3 . Stronger Consumer Spending a slowdown of imports and a hike in Government Spending driving those results. First quarter up to. 6 from...
June 29, 2024
Companies progresses. L brands raises its full year outlook as Second Quarter profits beat expectations. Sales at victorias secret, the main growth driver. The great rate debate wages on. We did get the fed Meeting Minutes out of july. Not as dovish as people were expecting. So the economists expecting a september rate hike has been reduced from 40 to 45 ahead of the minutes being released. Futures pointing to a lower open. Were down triple digits on the dow. The nasdaq lower by 28 and the s p 5...
June 29, 2024
Trading. Check it out, 40. 21. The last time you saw prices like this it was 2009. March of 2009. We were in the midst of the financial crisis. It was a lack of demand. This time around its not just a lack of demand for slowing economies like china but also massive amounts of supply. Well talk a lot more about whats happening to wti but right now barely holding on at 40 dh 40 dhr 40. 21. The shanghai composite closing down by more than 3 and in europe greece making a 3. 5 million payment to the ...
June 29, 2024
Volatility is up 10 alone. The tenyear is sitting at 2. 036 . Were seeing if it gets to that key 2 or even below. Thats a very key level. As for wti, crude is down by 3 , currently hitting shy of 40 even. Gold is a winner. A little bit of a safe haven, currently sitting at 1159. Well bring you more on the gains weve been seeing recently in gold and the dollar is lower today. That is also helping gold. Who would have thunk that the tenyear note would have been right there at 2 and crude might dip...
June 29, 2024
Alix lets take a look at that. Yields have lost 13 basis points this week. The dollaryen as well, the lowest level since november. Of gold is getting a bit it, up five dollars. Copper is getting hit along with other base metals. Of there is not enough to impact weaker dollar. Up, we getng secondquarter results from kroger. We will spot talk to the cfo. President will be speaking on consumer finance. Right now, lets get enough date on the business world. Taylor the hurricane weakened overnight. I...
June 29, 2024
Agenda. The transportation secretary who is married to Majority Leader Mitch Mcconnell may not attend. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Emily i am emily chang and this is bloomberg technology. The fallout from equifax. The data of 143 million customers may be compromised by a massive data breach at one of the largest credit monitoring agencies. We discussed the unprecedented damage control operation under...
June 29, 2024
Trump and democrats. It suspends the debt limit and keeps the government open through december 8. President trump spends the weekend at camp david hosting members and their spouses. The press secretary called it a working weekend and says updates on Hurricane Irma are on the agenda. The transportation secretary who is married to Majority Leader Mitch Mcconnell may not attend. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloombe...
June 29, 2024
Joint chiefs of staff. General dunford, the Committee Thanks you for your decades of distinguished service to our nation. We are grateful to your wife, ellen, for the support that she has always provided to you, and to all who serve our nation in uniform. I would also like to welcome your son patrick. Patrick, fortunately you look like your mother. Thank you. Who is joining us this morning. I know that your other children, joe and kathleen, send their support from afar. Even as i bet theyre a li...
June 29, 2024
Required length of time. Is there a motion to favorably report these 3,196 military nominations . So moved. Second . Second. All in favor say aye. Aye. The motion carries. Xh tig the Committee Meets this morning to consider the nomination of general Joseph Dunford for reappointment as chairman of the joint chiefs of staff. General ton ford, this Committee Thanks you for your decades of distongue wished service to our nation. We are grate to feel your wife, ellen, for the support she has always p...
June 29, 2024
Nominations . So moved. Second . Second. All in favor say aye. Aye. The motion carries. The Committee Meets this morning to consider the nomination of general Joseph Dunford for reappointment as chairman of the joint chiefs of staff. General dunford, this Committee Thanks you for your decades of distinguished service to our nation. We are grateful to your wife ellen for the support she has always provided to you and to all who serve our nation in uniform. Id also like to welcome your son patrick...