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June 23, 2024
Update this story throughout the newscast as we get more information in. Now to our other top story, terror related arrests. Federal agents arrested a man in sacramento for a terrorism offense. Ian cull is tracking the details. Reporter we know the arrests were made simultaneously from sacramento to houston to milwaukee. Federal prosecutors unsealed documents today laying out evidence against a 23yearold. Fbi agents accuse him of telling people on social media he wanted to fight alongside terror...
June 21, 2024
Across the beat. French advertising publicis buys safient in an allcash deal and shares trade lower in paris. And proctor and gamble is accused of tax fraud and production is halted. Youre watching Worldwide Exchange bringing you Business News from around the globe. Good morning, everyone. Lets get straight to data points. The eurozone manufacturing pmi for the month of october, that has expanded slightly slower than first thought last month with the number of 50. 6. E were expecting a number of...
June 21, 2024
Jobs number friday. Markets slipping after weak overnight data. Present hitting new fiveyear low. The dow as we said within nine points of 18,000 and retreating today. Merck buying cubist more than 18 billion and cash. Comments late in the hour. Mcdonalds delivers another weak number. Sales missed the street, down 2. 2 worldwide. More than that in the United States. Well get to all of that later on. But first up, dow and s p, each posting a sevenweek winning streak since late november of last ye...
June 21, 2024
Volatile day yesterday on good volume. Energy retreating as opec cuts its demand forecast. Yum brands problems continue in china. Cutting their profit outlook for the second time this year. Costco out with earnings, beating estimates. Stocks up more than 20 this year. Looking to add to those gains today. Oil prices sliding again this morning, close to some new multiyear lows. Opec cutting its demand forecast to below 29 Million Barrels a day, more than a million less than the cartel is currently...
June 21, 2024
Quarter gdp, personal income and spending, new home sales and consumer sentiment. On wednesday, weekly jobless claims will get here a day early because of the holiday. A big part of the story on the markets and the economy, oil with the latest lumberg survey showing gas prices dropping to the lowest level since may of 2009. The National Average for a gallon of regular unleaded is at 2. 47. And andrew, welcome back. Thank you, becky. It sounds like Nothing Happened last week. It was kind of borin...
June 21, 2024
Well get philly fed in about an hour. Futures up sharply, a day after stocks post their best day of the year. Investors liking what they heard from janet yellen. Putins comments helping the russian stock market today. Oracle up after reporting earnings that beat wall street estimates. Larry ellison promising to be the u. S. Number one in cloud. U. S. Blaming north korea for the sony attacks. Yesterday the dow and s p did score their best oneday gains of the year after the fed stated it would be,...
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
The iea also warning that weak demand raises the risk of social instability. But Goldman Sachs executive calls lower oil a blessing. There are a lot of positives to the economy from the Energy Situation to the resurgence of housing to the most important thing of having reversed all the leverage that was in the system and kind of reset the clock. So you can take something thats a blessing, lower price of oil which once you think of like a tax cut. Take a look at the price of crude. Youre looking ...
June 21, 2024
Sell dollars. There had been a lot of people calling for that. It turns out it is actually happening. Pay attention to greece. Stocks falling as the second round of a approximateliat volley takes place. Antonas samaras failing to get enough votes from parliament in greece. The analysts say early elections could derail and some of the reforms and raise the risk of another economic setback. Andrew, back over to you. Thank you, becky. Some stocks to watch this morning, Chesapeake Energy failing in ...
June 21, 2024
That weve seen in currencies pretty much since the financial crisis. Road map this morning, apple debuts as a dow component, set to begin trading as part of the enduring index. Starbucks announcing new venture in china, testing delivery in new york and Ceo Howard Schultz on mad money defending race together. Target set to boost its minimum wages. But first up, the dow and the s p set to open lower, one day after the big fedinduced rally and a drop in the dollar. Intraday currencies some of the b...