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June 21, 2024
Today has been the best day ive ever had. Captioning sponsored by cbs this is the cbs evening news with scott pelley. Reporting tonight from cbs news election headquarters in studio 57. Pelley good evening. Melting glaciers, rising sea level, higher temperatures. If you think someone is trying to tell us something, someone just did. The scientists on a United Nations Climate Panel are out with a new warning about climate change, and theyre telling us what they think needs to be done before, as t...
June 21, 2024
Low in the middle of november. Oil is slumping around five year lows. As a new month begins for the rest of the markets spending drops double digits this back friday. But online spendsing alone jumps more than 20 . Target, best buy, home depot, others go after tally target alibaba. L chinas official pmi slipped to 50. 3. Thats below forecast. The dow and the s p each finished the month up 2. 5 . Nasdaq up 3. 5 . Nasdaq, jim, within almost 5 of an alltime closing high. Can energy at 8, 9 of the i...
June 21, 2024
Thats right. Several sessions adding points and adding eight. Talking about the effect of the stimulus and people at the same time talking about as a currency race to the bottom. Round number five or six i think we are on. Expiration day, too. May be complications. Art cashin saying the bias so far to the upside and could change. The dow up half a percent and the s p 500 sitting at a level unbelievable, 2061. A lot of forecasts coming into the year closing at 2014 was aggressive. Now the nasdaq ...
June 21, 2024
Now the tech giant is dropping the nokia brand title months after it completed that transaction in its hand set business. So there goes the beginning of the end of nokia. Separately, ford will begin production of its resigned f150 today. The vehicle now has an aluminum body and the f150 has been the nations best selling vehicle for 32 straight years. Well see whether they can keep that up. Fill lebeau will join us with mark field at 7 30 eastern time to talk about it. And june per networks ceo i...
June 21, 2024
Little more negative. I really do. Think about it. Weve run so far, so fast, so much right now. And yet we dont have any new data points of consequence. Were simply paying more and more for the same exact insights. But it doesnt seem to matter, as we strike towards another set of new highs. Dow gaining 40 points. S p advancing 0. 51 . Nasdaq climbing 0. 671 . Not trying to be a naysayer, but pessimism has back the enemy of profits. Negativity isnt being rewarded at all, except in a narrow handfu...
June 21, 2024
Crude continues to fall. Some americans can watch for 2. 50 a gallon gas. Can halliburton defend its oil business . Retail sales better than expected. Nordstrom earnings beat. A number of downgrades to contend with this morning. A Richard Bransonbacked ipo at the nasdaq, Virgin America. Well have the first trade and interview with the ceo coming up. Oil the big story, below 74. Baker hughes confirming it is in preliminary merger talks with halliburton. The journal story said motivations behind t...
June 21, 2024
Of the month. That being about 80. We are moving higher. You see this morning. Our road map starts with what you might expect. These markets are surging overnight on central bank action. China unexpectedly cutting Interest Rates. Mario draghi promises more aggressive stimulus in europe. It is a big morning for dan loeb. Dow chemical and third point reached an agreement. Management changes at hertz and sothebys which loeb is on the board of also expecting to change their ceo soon. On the earnings...
June 21, 2024
Biggest gain since june of 2012. Crude prices rallying. Now 6 as you can see to 47. 41 on west texas crude. Weve given back some gains. The gains we saw on the settle. Nevertheless, enough po move theto move the markets off the low. Meanwhile, its the hottest ipo weve seen in some time. Were talking about shake shack. Up 132 or nearly 28 from its opening price. The burger destination causing a big commotion in the neighborhood. These are the lines outside until just about an hour ago. They had s...
June 21, 2024
1. 7. Markets, disappointing print on gdp. Ruble slipping overnight after yesterdays rally. Futures are in the red. Amazon stock is up sharply, results beat as profits returned to seattle. Google misses stock fell 3 . Then the Conference Call. Google shares higher in the premarket. Well tell you why. And visa posts strong results, the stock split, that stock also up. But first up, futures moving lower on the final trading day of january. Gdp below expectations up 2. 6. Weaker Business Investment...
June 21, 2024
Numbers. Profits miss estimates by a penny. The massive data breach hang over the stock. Macys downgrade with disappointing results, dicks and urban outfitters. All moved lower. A vote coming for obonomics in japan. And well have an exclusive interview with the ceo of halliburton to buy baker hughes. Revenue above consensus rose better than expected 5. 2 . Retail noting at 28 million and expenses for that recent data breach adding it cannot estimate the total cost of the breach which for the yea...