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June 21, 2024
The tech giant accounting for 10 of the move down in the blue chip index and joe you were right. Not yet. As it goes. So goes apple, so goes the market, right . Not just that but made very little headway since it was put into the dow. The dow made little headway and apple made little headway. Theyre joined at the hip at this point. Our fortunes are tied with tim cook. Hopefully he knows what hes doing there. My point to you that you sneered at about exxon, exxon was able making 10 billion every ...
June 21, 2024
Was about 40 points of the dow was a bounce of yesterdays selloff, the rest about greece. That will do it. Were looking at the dow of 128 points at the moment. Crazy story, the irs says hackers stole tax info from 100,000 accounts. We have former Homeland Security secretary Michael Chertoff to talk about how to fight the growing cyber threat. Its not just at the irs, its everywhere. You know about that. Esen isis threatens a cyber war of some kind pfr well talk with secretary chertoff. As we wai...
June 21, 2024
We dont think of any asset bubble bubble. We cannot allow instability. European stocks in the red as officials dampen hopes of an imminent deal with greece. Ecb board member tells cnbc the central bank wont bend the rules to save athens. One has to be quite clear. We do not have a possibility to do financing. Meanwhile, fifa presses ahead with its president ial election. This as authorities reveal the number of authorities arrested for criminal charges are facing extradition to the u. S. Welcome...
June 21, 2024
Behind twitters plan to create original content. That is ahead on bloomberg west. Now to our lead. Vr. Those are the only two letters you need to know about what is next in tech. Im talking about Virtual Reality of course. This week it seemed like everywhere you turned, there were stories about Companies Pushing into vr technology. In 15 years, we could see it everywhere from the hospitals to the courtrooms. So far, facebook, google, microsoft has spent billions on vr tech. Products will hit the...
June 21, 2024
Now to the lead vr. Those are the only letters you need to know about what is next in tech. That is according to a new report from piper jaffray. I am talking about virtual reality. To Piper Jaffrays point, this week, it seems like everywhere you turned there were stories about Companies Pushing into vr technology. In 15 years, we could see virtualreality everywhere from the hospital to the courtroom if sales take off and prices come down. So far, facebook, google and microsoft have spent billio...
June 21, 2024
Winning streak. Catalyst seems to be more news that chinese brokerages have tighter marginal rules raising concerns about regulators having other things up their sleeves. Things to slow down the massive growth weve seen over the last year. Well have a live report in a moment. In the meantime if youre watching the u. S. Equity futures markets were higher yesterday. There is a slight pull back this morning. Dow futures down by 18 points. Apartment Building Futures down by 2 and the nasdaq down by ...
June 21, 2024
Things. Week to date they are fine. 0. 4 is the loss for the week i think. Crude oil, there it is. Right around that 57 level. The tenyear note yield, down from recent highs. Our road map starts with deals. Avago buying broadcom. Mixed Quarterly Results and outlook from costco and abercrombie and fitch. Amazon announcing free sameday delivery for some prime members if your order is large enough. Its not free. Lets start off with a large deal. Avago agreed to buy broadcom. The deal expected to cl...
June 21, 2024
That drone that Kara Swishers showing you. Does it have seven tamcameras or something on it . It is fascinating. Any anybody familiar with the Drone Industry knows about those cameras. It could really take off. A new report says jpmorgan could lay off 5,000 people by next year. Is this a broader issue for the Financial Sector . Many parts of financials have suffered the last couple of years. Is there normore layoff to come . Going to the front lines, we have the ceos of three major banks all her...
June 21, 2024
4 . A drop in inventories this week. And also a drop in the number of drilling rigs hoping to push that commodity higher. Its another down day for the transports. The airlines are bouncing back and weve got the ceo of Spirit Airlines here to talk about fluctuating oil prices and capacity are impacting his company. He looks spirited doesnt he . Ben baldanza. Talk of yet another deal shares of Health Insurer humana have been on a tear in the last hour or so that the company has put itself up for s...
June 21, 2024
What do you want . People were desperate to hear him Say Something about Lehman Brothers and his role in it. Same old same old. It was a little bit of the same old same old. I think people were expecting more on that topic and he didnt want to go there. So the economy and all sorts of things. It wasnt one way or the other but i didnt think there was a great revelation except by the way this whole thing clearly haunts him and possibly it was a loselose situation. He is one of those brands. What c...