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June 21, 2024
Holding steady at 5. 8 . And corporate news, cbs is still on dish network this morning. The two sides failing to reach a deal by last nights deadline. It will continue to be distributed by dish while negotiations continue. And sprb president obama will be announcing his for a new secretary of defense today. Andrew, good morning. Thank you, becky. Stocks to watch this morning, discount retailer five below offering a disappointing Sales Outlook for its keep Holiday Quarter. The Company Naming its ...
June 21, 2024
Forecast for brent crude saying oversupply is likely to peak in whos doing it best. The Second Quarter of the next and candidly, new york really year. Those prices are looking at a was doing the best work in this near fiveyear low. And the worst case scenario, brent could fall as low as 43 space. Were in a good position from a in the next six months. Thats something to be watching. Budget point. Andrew, over to you. Thank you, becky. On a cash basis. Good morning. We have Corporate News this mor...
June 21, 2024
Hershey. Two economic reports today. Weekly jobless claims at 8 30 eastern time and december pending home sales at 10 00. And eu Foreign Ministers are meeting in brussels. The rouble weakening today on the threat. Andrew. Well talk about the big changes happening with mcdonalds in a minute but first a quick snapshot of other stocks this morning. Facebook beating the street on the top and bottom lines but Revenue Growth was the weakest since the start of 2014 and it rose faster. The Company Plans...
June 21, 2024
Percent. The west coast ports are due to reopen today. Part of a lengthy labor dispute between shippers and dock workers union. If theres a shut down, the National Retail federation warns the u. S. Economy could face a hit of 2 billion a day. I asked jack lew about that in our interview. President obama will meet with Angela Merkel today. Theyre expected to discuss issues like russia ukraine, international trade, and Counter Terrorism efforts. Chinas imports dropping 20 from a year earlier. The ...
June 21, 2024
Yellens comments. Check out the futures this morning. 227 points for the dow. Now down by about 25 points for the dow futures but up 5 points for the nasdaq and down by. 57. The big story is the dollar. The dollar got slammed on this news but the euro surging past 110 at one point. It was the currencys biggest move since march of 2009. Of course you have to keep this all in mind looking at the dollar verses the euro in recent months. The euro is back at 10898. Michelle will be joining us with mo...
June 21, 2024
Anniversaries to celebrate tonight. First, theres the haines bottom, which the late great mark haines called six years ago today. Then theres the other anniversary. The tenth anniversary of what you see around you. The tenth anniversary week of when mad money started one week ago. The dow gaining 139 points. The s p climb inging and the nasdaq gaining 15 points. I had left my hedge fund. I had been doing a radio show called real money. I wanted to bring that show to television to teach you how t...
June 21, 2024
Deluge. Demand for stocks is waning which is why on this first dave a new quarter, the dow fell 78 points. S p 500 declined. Had 4 . And believe me at some point it was real ugly. I often talk about what actually moves stocks and how they can react to a whole series of inputs earnings forecasts, employment gains Federal Reserve policy changes. These are all substantive game changers. They can impact your portfolio. However, there is a whole series of issues having to do with the mechanics of mon...
June 21, 2024
Situation. This is private industry that is out there. This is private industry drilling or fracking that helped that. There are some people saying that probably two months from now well see an even more supply that is coming online at that point well be filled up in terms of the storage we have and that excess capacity would go straight to the open market. Some people predicting that could put extreme pressure on prices. Did we roll over the contract . It was down at 42. Youre right. Thats a ma...
June 21, 2024
Behavior. I never thought of myself as a racist. I never considered it a possibility. But the bottom line is that the words said in that chant were mean hateful and racist. The lawmaker who organized yesterdays meeting says she believes levi pettits apology is genuine and she forgives him. The senate takes up work today on the federal budget one day after the house passed its version. It relies on 5 trillion in cuts over the next decade. Much of the savings from medicaid food stamps and welfare....
June 21, 2024
Winds starts to kick in, temperatures start to drop. So it is casino of one of those days thats split in two. You start off pretty nice, and it will be a very different finish to the day. Well shall talking about that, more details on the temperatures plummeting coming up. Diana . Thanks, katie. Eyewitness news is working on developing story. These two Temple University Football Players are formally charged overnight and facing a long list of charges including aggravated assault. Eyewitness News...