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June 23, 2024
About the broader economy. Company revealed the sec is investigating accounting presses best practices. Gettingares are ever so slightly in afterhours trading. 22 . Up that key iphone unit sales number out slightly short. Cfo overspoke with the thathone, and he told us we feel very good about her iphone business which continues to grow a number of places around the world. There are many places that continue to see growth. We have not seen any sign of economic slowdown at any point in time. An in...
June 23, 2024
Watch the tenyear, near 2. 3 now. Fedex does miss expectations, cuts guidance. Shares are down sharply in the premarket. Well have a cnbc exclusive with hewlettpackards meg whitman. And the stage is set for what could end in the merger of the worlds two biggest beermakers. First up, so much going on one day after that rally on wall street. The fed kicking off that twoday meeting today with a decision on rates due tomorrow. Possibly the first rate hike in about nine years. One barometer of the ec...
June 23, 2024
Demand outlet. We begin with a bshb inbev agre to a deal. Johnson johnson has a mixed quarter. And twitter raising their guidance for the Third Quarter but making job cuts official as well. First up, anheuser busch, inbev and miller agreeing in personal on a deal in which ab would inquire sab for 104 million. That would have about onethird of the global beer market. Its the biggest deal ever in consumer staples. The fifth biggest mma transaction in history. Well see if if happt happens. It proba...
June 23, 2024
Anna welcome to countdown. It is just now 6 00. , letsgen is a big story think about what is happening in the markets. That hasr index, but been doing since the Federal Reserve met, you can see it bounces up since the post fed fall from the dollar. We see it heading steadily upwards since last week. We have seen a number of hawkish comments coming through from the fmo say. Fmo see. Still on the table at the time when the Federal Reserve could increase Interest Rates . Janet yellen will be speaki...
June 23, 2024
Investors. Dow gained, nasdaq rocketedstra much alphabet and amazon. Not to mention microsoft. Thats four straight week in the black for the averages. I find that amazing. With the Global Economy obviously slowing, this market is taking up the big industrials and the tech stocks and throwing away the witnesstreasured healthcare names, at least until today, where they tried to rebound. Industrial and tech have been weighed down by the short dollars. Tell that to the ceos of microsoft and alphabet...
June 23, 2024
Bank of america and wells fargo beat, jpmorgan falls short. Results from delta and intel. Both coming ahead of consensus. And the read on retail sales slightly below expect tatioexpet Doug Mcmillan giving a rosier assessment. Bank of america had good Third Quarter results. Wells fargo had a beat as well. Its loans helping to lift profits. And jpmorgan missing with its quarterly results. Jamie dimon spoke about his banks expenses on last nights Conference Call. I spoke my whole life on good expen...
June 23, 2024
Did you know there are only really five stops powering that index now . Well tell you about that and more. First, lets check in with sarah. Welcome, sarah. Thank you. Its good to see you and be with you as always. We have to begin with that potential deal between walgreens and rite aid. The pharmacy chain stocks all moving right now. This is just talks. Advanced deal talks according to the wall street journal. Supposedly theyre in talks right now. It had a noticeable infect on rite aid. I want t...
June 23, 2024
He was he was krzyzewski before krzyzewski. Sir Alex Ferguson shares his secrets to successful leadership. Indeed. But we do begin with that biggest tech deal of all time with dell buying data storage and security giant emc for 67 billion. The ceos of both companies on cnbc speaking about what this merger means for them and for investors. But this mega deal also raises questions about who is going to be next. I hope youve been doing some digging and you have some answers for us josh lipton in sa...
June 23, 2024
800,000 cars in europe and looks set to cost another 2 billion euros and heres a discount for you. Groupon shares are plunging 25 . This is after the ceo steps down and the deals website issues guidance well below forecasts. Midweek in the markets everybody. Were looking at the highest close for did dow and also the s p since july this year. Checking in on the implied open, futures are telling us were above fair value. Pricing in gains of 34. Should be looking at gains of 10 points. Heres the cl...
June 23, 2024
Goes on every day among professional Money Managers who are trying to figure out where next to invest their cash. And we saw it play out huge today, dow surges 165 points. S p vaulted up, and nasdaq 1. 45 . So a sure sign that the big boys are liking what they see and willing to pay more for it than just last week. I know that many individual investors like you at home now think their money should be put strictly in the index funds or of etfs and im in very in favor of index funds. Remember, you...