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July 7, 2024
Another record. Bitcoin reaching a new high above 71,000 this morning. Look at the move. It has been a staggering move. 71,758 as we speak and climbing. Crypto adjacent names, coinbase, et cetera, seeing gains. There is three days after ethereum breached the 4,000 mark. Look at the crypto stocks. Trading higher this morning. Early this morning, i should say. Coinbase and robinhood. We will talk to Michael Saylor at 8 30 a. M. Today. We will ask why invest in the proxy when you can invest easily ...
July 7, 2024
Plus, powell wrapping up day two of testimony on capitol hill. Cleveland fed president loretta mister joins us exclusively with the more on the timing of when the first rate cut could be. And then we have the action, the story, and the trade on three more names getting ready to report results. Our trader likes two of them, and shes here with the names and what makes her a buyer. We begin with the markets overall. Its green. The headline today is a record high. Again, a record high for the largec...
July 7, 2024
Last week. Overnight, in asia, japans nikkei topped 40,000 for the first time. Stronger corporate earnings and surge of chip stocks with Artificial Intelligence playing things up. The nikkei above 40,000. If you look back here in the United States, the treasury markets show yields are higher. Tenyear yielding 4. 2 . The price of bitcoin has been impossible to stop lately. You will see it is up another 3. 7 . Above 65,000. It will be a new high. Theoretically. We are watching crude prices inching...
July 7, 2024
The nasdaq down even more, 1. 8 . You add the magnificent 7. There was a pullback of, i think, 233 billion in market cap for those big magnificent 7. The only one that ended higher was invip ya shares of apple down 3 after a report of struggling iphone sales in china then you had tesla, down by even more than that, and pretty decisive declines in technology. It was interesting watching them one by one. Kind of roll . Were going to need a terrific two. Terrific two or the rest of the averages the...
July 7, 2024
25 of the jobs in america and close to 25 of the nations gdp. Right now, they are feeling good about the economy. A brt survey came out which suggested the rating right now in terms of how they feel about the economy climbed 11 points to85. That is a little above the reading83. Feeling good about the capital sales. Those are up double digits from the last quarter. Plans for hires have particulared higher. They sent out a survey asking ceos and if they think Government Policies are undermining Am...
July 7, 2024
Decliner with points and percentages this morning. Those futures are off 117 points. Take a look at treasury yields. They were higher yesterday, but you are seeing a pullback this morning. The tenyear yield below 4. 18 . The twoyear yield at 4. 58. Joe mentioned that bitcoin continues to climb. It is down by 1 . 6 6 6 66,834. We are watching the price of gold futures. Gold hitting the record high close yesterday. That april contract jumped at 2,131. Despite the high, it is still below the inflat...
July 7, 2024
Finally closing in on its former record. That goes back to the very beginning of 2022. It is going to complete that market that the average stock has not been participating. Nasdaq positive, work in the second three alltime high. Momentum chase in semiconductors refuses to quit for now. Nvidia surpassing two trillion dollars in market cap as dell, strong results after close yesterday triggered a feeding frenzy along the have we changed. Gained despite continue Malaysian Apple shares. And regiona...
July 7, 2024
Red after bopping when bob iger said he is confident Disney Streaming offerings refer profitable by the end of the year. Target shares jumping but still some areas of concern. Were going to discuss that coming up. But lets start with todays declines in the broader markets. Mike santoli joining us from the new york stock exchange. Mike, a day like this kind of expected after the rally that weve seen . For sure, court. In fact, maybe multiple days like this just because the s p 500 managed about a...
July 7, 2024
Biotech stocks. And lets get a look at the markets. The averages are down but not much. Nasdaq is the lowest of the three majors down about 30 10. And s p is about flat. And the dow jones is down about a tenth of a percent. There was an antitrust investigation launcheded into the company but we are seeing a lot of other speculative stocks soaring as money is chasing anything with a. I. In its name. Big bear a. I. And sound hound are up 60 this week. It is only wednesday. Beyond meat is soaring a...
July 7, 2024
Down about 118 points, nasdaq opening down about 117 points. S p 500 off by 16 points right now. Take a look at treasury yields. The 10year at. 93. The 2year at 2. 863. And crypto prices. Weve been talking about crypto quite a bit these days. Up about 4 this morning. Its crazy. And take a look at ether etf. Thats surging too meantime apple is canceling its electric vehicle product. That thats accordinging to those that know. Many employees will be shifted to the Artificial Intelligence division....