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June 25, 2024
Conversation. Scarlet lets check in with julie hyman. Are you going to stand in lines with the tsa . Julie i will be in traffic, but i will not be in the tsa line. At least i get to listen to my music in the car. Lets look at the stocks heading into the Holiday Weekend. We are seeing a bit of a live we await comments from janet yellen. We are seeing a bit of optimism and stocks. Health care is at the top spot at the current time followed by Consumer Discretionary and financials. A list for those...
June 25, 2024
Details, talk about what it means for the industry and business in europe. Shares of pepsico on the move after beating street expectation. Were going to talk to the companys cfo Hugh Johnston in a few moments. Expecting fireworks today on capitol hill. Fbi director james comey set to testify about the Hillary Clinton email scandal. We will bring it live in whitewave rising in the premarket. The organic foods makers agreeing to be acquired by danone for 10 billion in cash. The deal values whitewa...
June 25, 2024
Gave way to some profit making today. Some modest moves. Modest is the word of the day and probably the word of the month. Matt i looked to measure on stocks and i saw that half a ,ercent was the widest range the nasdaq and the dows 1. 5 . Take a look at my imap, the most basic function to use to see how the industry moves are going throughout the day. You can see a totally defensive investor. Utility the biggest gainer, then health care, then consumer staples. Down ands were Consumer Discretion...
June 25, 2024
Will be for a breakout. We are talking about friday. Alix how the project on the downside when the defensive stock is already that defensive . Were going to discuss oils bl ull market with ed morris. He is bring his new call on oil. Yes, we have a little bit of strength in europe. Here futures are stronger but again, lack of conviction. Jonathan stocks go nowhere. Put that in a headline. That is the story with the ftse softer. The s pby 2 points on 500. No big moves. Eurodollar, one word, stable...
June 23, 2024
A profit warning on declining demand for business jet engines. Good morning this is bloombergs surveillance. Im guy johnson in london with tom keene in new york. Good morning, tom. Is whats got me going rollsroyce we are seeing this across many industries, but it started yesterday with macys in new york, truly disappointing. Then it comes over to this rollsroyce, the engine maker. There is a set of corporate pauses, and that is what is got my attention. Guy well talk more about that later. Tom, ...
June 23, 2024
During ceremonies honoring the 130 People Killed in the attack. He return for moscow where he were should agreement with russia. Hollande met with vladimir putin. Russia would avoid hitting moderate rebel groups in syria. Prime minister David Cameron said he might Ask Parliament to vote next week on leading british jets bomb islamic state. Brussels is returning to normal. Belgian authorities lowered the warning. But police are still searching for one of the suspected leaders of the paris attacks...
June 21, 2024
Janet yellen begins her speech by making the case that the labor market still need improvement. But how much or how the fed might accomplish that is a tricky question third as the recovery progresses, assessment to be labor market needs more nuanced because of the considerable uncertainty about the level of employment consistent with the mandate. She spends the rest of her speech discussing those nuances. Why has Labor Force Participation dropped . She says that is a key question for policymaker...
June 21, 2024
When mario draghi was hinting at quantitative easing, saying he will revive inflation as fast as possible. He was saying he was not about to make a hasty decision to add more stimulus that the ecb. Yet theyre also saying the expanding bond purchases to Government Debt would face legal hurdles. Once again the voice of concern coming from germany. Bank headthe central in austria saying a steady hand ecbhat you need in terms of policy. That is why we are likely to see it a sickly flat across the bo...
June 21, 2024
Saying basically greece runs out of cash at the end of march. The end of march is the crunch time for cyprus to do a deal to get the imf to extend their credit degrees while they talk . We will see shorter Interest Rates where we are seeing much more aggressive moves. There is a view in the market the extra cost you pay for germany, for greece over germany can expand. You are going to see the cost of funding for greece in the commercial market up. What you need to ask is how much it is already p...
June 21, 2024
Peter cook is on capitol hill, previewing the republican response to tonights state of the union as we ask who is joni ernst. We begin with Phil Mattingly on president obamas six address to congress. We always knew the state of the union was going to be heavy on economics. We learn that focus would include major tax increases on some of the countrys highest earners in order to pay for tax breaks for the middle and lower income. Those tax increases would include the Capital Gains rate for couples...