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June 29, 2024
Nightly Business Report for wednesday, july 8th. Good evening. Im tyler mathisen. Coming to you from the New York Stock Exchange. Something happen today that has happened only a few times before. Trading stopped for nearly four hours and it came at a time when events in greece and sharp declines in china already have investors on edge. While there was no activity here at the nyse, stocks were able to trade on other exchanges. The nyse made it clear wasnt a cyber breach but rather a technical pro...
June 29, 2024
Nightly Business Report for wednesday, july 8th. Good evening. Im tyler mathisen. Coming to you from the New York Stock Exchange. Something happen today that has happened only a few times before. Trading stopped for nearly four hours and it came at a time when events in greece and sharp declines in china already have investors on edge. While there was no activity here at the nyse, stocks were able to trade on other exchanges. The nyse made it clear wasnt a cyber breach but rather a technical pro...
June 29, 2024
Nightly Business Report for wednesday, july 8th. Good evening. Im tyler mathisen. Coming to you from the New York Stock Exchange. Something happen today that has happened only a few times before. Trading stopped for nearly four hours and it came at a time when events in greece and sharp declines in china already have investors on edge. While there was no activity here at the nyse, stocks were able to trade on other exchanges. The nyse made it clear wasnt a cyber breach but rather a technical pro...
June 29, 2024
Much power. Yeah. Black rock was beat. Later this morning we do have more delivering alpha stars stopping by our set this morning including your Capital Management founder. This conference could start at 8 30 eastern time and the preshow starts right now. Dont miss them. They will be on stage together later this morning so a very busy day ahead but first up to speed on the top deadlines. Three big Global Market stories developing at this hour. Parliament is in session. The government must vote o...
June 29, 2024
Were the two profit drivers in the Second Quarter for General Motors and more importantly for investors, margins were above 10 and for the remainder of this year General Motors expects business to be Even Stronger in part because of pickup trucks in north america. Our pickup share in the Second Quarter was up close to 3 Percentage Points on a year over year basis. So we continue to see a lot of Strong Demand for fullsize pickups, suvs and crossovers. To drive that point home think about this. Ye...
June 29, 2024
Nasdaq at 5,120. S p 5002,087 and the russell down almost a full percent. But we begin now with the big deal in health insurance. It is official. An them agreeing to buy cigna for 188 per share in cash and stock. An enterprised are value of 54 billion. Straight to bertha coombs. Combined anthem and sigma would unseat United Health to become the largest u. S. Health insurer with 150 billion in annual revenues. More than 50 million members covering nearly 1 in 5 americans. Anthems ceo joseph swedi...
June 29, 2024
Expected to hold steady at 5. 3 marking a seven year low. Again the report will be released at 8 30 a. M. Eastern time and its one that the fed is watching very closely. The last jobs report before they try to decide if theyre going to raise rates in september. Welcome back. Thank you. We talked a lot about those rates. Weve seen lockhart say theyre going to do it. We had powell on who said still data dependent but a lot of people swinging toward september. Yeah, you called this awhile ago. Well...
June 29, 2024
Every month but this time around, everybody is waiting for it. Thats because the first Interest Rate hike in nearly a decade is on the table. The Federal Reserve chair has repeatedly said that the central bank is dependent and job market is central to its decision. As Hampton Pearson reports, the day before the critical report, we got additional clues as to the health of the labor market. Reporter one day before the al allimportant jobs report, the number of americans filing firsttime unemployme...
June 29, 2024
Every month but this time around everybody is waiting for it. Thats because the first Interest Rate hike in nearly a decade is on the table. The Federal Reserve chair has repeatedly said that the central bank is dependent and job market is central to its decision. As Hampton Pearson reports, the day before the critical report we got additional clues as to the health of the labor market. Reporter one day before the all allimportant jobs report the number of americans filing firsttime unemployment...
June 29, 2024
Every month but this time around everybody is waiting for it. Thats because the first Interest Rate hike in nearly a decade is on the table. The Federal Reserve chair has repeatedly said that the central bank is dependent and job market is central to its decision. As Hampton Pearson reports, the day before the critical report we got additional clues as to the health of the labor market. Reporter one day before the all allimportant jobs report the number of americans filing firsttime unemployment...