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June 21, 2024
Tenyear yields above 2. Fourth quarter gdp revised down to 2. 2, above estimates road map begins with the markets, shaking off that disappointing gdp number. As we kick off the last day of february. But the big question, could today be the day we finally see nasdaq 5k . Retails in focus, earnings miss, jcpenney shares down nearly 13 in the premarket. A better report from gap puts that company in the green. Return of the mac. Shares of mcdonalds up 6 in two days. Why its shares could hit the 100 ...
June 21, 2024
Company, about succession and more. Apparently that race is down now to two guys. Yeah. Well take a look at who they are and why they are potentially his successors. Lots of good questions there. Meantime, stocks are rallying on the first trading day of the month, and even though they are coming off the best month since october 2011. The big market story here is the nasdaq hitting 5,000. Remember, it was 15 years ago this month on march 10th 2000 to be exact when the nasdaq hit its peak. March 2...
June 21, 2024
Looking for record territory of their own. Shares of best buy set for a nice gain after earnings ahead of estimates. Well tell you why its still about the tablets. Strong demand for jeep brand helping sales at fiat chrysler. What to expect from ford and gm when they report later on this morning. You saw it happen here on squawk on the street during yesterdays session. The nasdaq hit 5000 for the first time in 15 years. The index finishing above that level. Now about 40 points away from its recor...
June 21, 2024
Of the last 12 sessions. Were keeping an eye on oil. You saw that a moment ago on power lunch down to 48. 80. Its been the worst performing sector on wall street so far today, kelly. Meanwhile, huge news. The fcc voting to regulate the internet like a public utility. Well hear about the opposing views on this controversial ruling. Plus, a big lineup from d. C. Alan greenspan and sheila bair and Richard Trumka. Well get you caught up on the dow. Its down and s p is down 9 and theres the nasdaq. Y...
June 21, 2024
Residential mortgage credit. Cory dudley said recent economic headline head winds like the jobs report are temporary. New data shows the biggest part of the economy is holding up Service Industries. They are roughly on the same page as february. Real estate firms, rental companies and management support firms among those Service Industries report the strongest growth last month. President obama spent the weekend defending the Framework Agreement over the iran nuclear program. He said the accord ...
June 21, 2024
Tells us the u. K. Is ripe for reforms in eu leadership but there is no reason for a breakfast. The u. S. Fed gives failing marks to Deutsche Bank for their capital holdings. We bring you the latest on the second round of bank health checks. The country joins the global wave of monetary easing and lowers key Interest Rates to an alltime home low. We tell you what it means for the market. Mark get hopes of pulling the economy out of the brink. We will bring you the details on the loan program. He...
June 21, 2024
Argues that apple should buyback more shares. And says this stock is grossly undervalued. He believes the stock should be worth 240 a share, that is up 85 from todays Closing Price should buyback more shares. Of 130. The increase would give apple a market value of 1. 4 trillion. Joining me from d. C. , tim covers apple. Obviously icahn and tim cook have a relationship. What is he trying to a copy which with the open letter . , tim covers apple. Tim he has been putting pressure on apple to increa...
June 21, 2024
Caucus, and that is what i intend to do. Cory hes at his recent surgery on his face after an exercise accident left him with time to ponder and think about his future. The germanwings copilot to appear only crashed flight 9525 on purpose was suffering from an unspecified Mental Illness according to a person for late with the matter. Investigators found a note in the duesseldorf flat of Andreas Lubitz saying he was unfit to fly on the day the crash. The lawyers say the films of the victims will b...
June 21, 2024
Cory dudley said recent economic headline head winds like the jobs report are temporary. New data shows the biggest part of the economy is holding up Service Industries. They are roughly on the same page as february. Real estate firms, rental companies and management support firms among those Service Industries report the strongest growth last month. President obama spent the weekend defending the Framework Agreement over the iran nuclear program. He said the accord does not mean the u. S. Will ...
June 21, 2024
I am Stephanie Ruhle. That is crazy. Erik i love that he said more or less will somebody find my introductory remarks or i will have to improvise. Stephanie getting glitter out of someones hair . Its a long process. Erik we will start with the top stories of the morning. You just heard it. A tense moment at the ecb conference as mario draghi was speaking. A protester jumped onto the table and started shouting. It would be good to continue the press conference if i had my introductory statements ...