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June 28, 2024
Good morning, its monday and lets kick it off with data. Eurozone factory pmi, 57. 4, manufacturing growth coming in at the strongest level in over six years and forward looking indicators are positive, as well we had encouraging numbers out of italy, france and germany this morning lets have a look at the stoxx 6700 up by 0. 7 and that follows a pretty dismal week for european quit i did mequity markets we were off by roughly 2 , maybe because Central Banks have been turning more hawkish well t...
June 28, 2024
Expecting one of these names to break out when it reports earnings next week well tell you which one the action begins right now. It has been a wild week for technology stocks, the nasdaq 100 alternating each day between 1 sell offs and 1 rallies. Only to end the week higher by a hair could this be painting the picture for more volatility to come is that good get in the money mi mike generally speaking when volatility is very low, thats a good sign for the market when you see the vicks, the next...
June 28, 2024
And the Options Market is expecting one of these names to break out when it reports earnings next week well tell you which one the options action begins right now. Lets get to it because it has been a wild week for technology stocks. The nasdaq 100 alternating each day between 1 selloffs and 1 rallies only to end the week higher by just a hair. Could this be painting the picture for more volatility to come is that a good thing to come lets get in the money mike, what do you think . The first thi...
June 28, 2024
Sprint sounding out of b about a story here on fs munz last night, reaching out directly to me, of all people. What got him so riled up first, we start off with the big story on shares of tesla revving up following its Earnings Report weve got full Team Coverage gene is back with us out in detroit today getting ready to listen to the Conference Call in just about 30 minutes. Well check in with him. Phil is in chicago dig iging through the earn x report that just crosseded and phil, you had to re...
June 28, 2024
Power lunch starts right now good day, everybody the three averages bouncing back just a bit from yesterdays selloff and three days of declines the latest inflation data fueling some gains despite those gains, the dow is on track for the worst weekly decline since april. The s p 500 on track for its biggest weekly drop since march. Check out the transports, they are on pace for their best daily performance in a month youd say maybe its a little mixed picture. Fedex, rider systems, avis, budget l...
June 27, 2024
Power lunch starts right now. And welcome to power lunch, im michelle carusocabrera. Stocks are in the red this hour, giving up modest gains they had earlier. The three major averages are posting losses for the shortened trading week. Thats right, no trading tomorrow. That would mean a second straight weekly drop the third out of the last four weeks. The big sectors in focus, the financials. Jpmorgan, citi, all beating estimates. Mixed results for wells fargo. Thank you. Im tyler mathisen. Heres...
June 26, 2024
Mondays big gain. Thatters the s p 500, nasdaq following suit as well. The tenyear note yield 1. 86 . Americans heading to the polls today, including president ial nominees, Hillary Clinton and donald trump both casting their votes early today in new york. Our don harwood closely following the election. He is here at the wall with the very latest. John. Scott, Hillary Clintons favored to win today t. Pom versus shown her ahead by four points or so on a national basis. This is the battleground pi...
June 26, 2024
You see behind us, it is cooled off a bit. The dow is down about 15 points. But keep in mind, folks, we have seen huge moves in stocks, bonds and the dollar. Just since the election. And watch out for oil. Crude oil hitting a new threemonth low. Well have more on what is driving oil prices down straight ahead. Tyler . Thank you very much, brian. Tyler mathisen here. Here is what else is happening at this hour. Strong after shocks continue to rock new zealand following sundays 7. 8 magnitude eart...
June 25, 2024
Dom chu . As we talk about whats going on overall with the markets, talk about the idea that the investors and traders are perhaps looking at reassessing how these things, risks are setting up. A lot changed in terms of market perceptions. The risks havent really changed. Take a look at our market thermometer to see how investors and traders are gauging the level of severity that particular catalysts could have. A summer Interest Rate hike, yes. Front and center for a lot of traders out there. S...
June 25, 2024
Of power lunch. Im tyler mathisen. And welcome back, tyler. Im melissa lee. Shares of apple moving lower right now as a big apple event gets underway. Its been a pretty lackluster year for the stock. As you know apple far underperforming the broader markets up by just about 2 in 2016. And apple shares are up just 8 since the company last introduced a new phone back in september of 2014. And im Brian Sullivan along with jon fortt, who will be here with us for the next two hours. We deliver all th...