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June 24, 2024
Also, we have had a strong run of gains for the major averages. Five straight weeks of gains. So now we are sort of hovering. There is a positive momentum as the s p and dow gained slightly. The nasdaq down very slightly. If you look at the s p 500 over the past week, it is not just today that we have seen this. There has not been that much of a change. Down about 10 about 7 10 of a percent. Even take a look at volume again today. If you look at the bloomberg, volume versus the 20 day average fo...
June 24, 2024
Costanie because lawyers so much money. Lets get a check on the markets. Futures are positive. 24 points up on the dow. Up around four points. It is the oil majors leading the game and europe. You see wti on the screen up 2. 8 . We are at a sevenday losing at 1. 13. D the euro is lets go to vonnie quinn. Have a republicans will contested president ial Convention Ted Cruz succeeded over donald trump in the wisconsin primary. Ted cruz calls this a turning point and says republicans now have a real...
June 24, 2024
And the biotechs sbas he things could have a potential upside. And jeff bezos. Producing an agreement. The real story could be a power struggle in saudi arabia that appear taos be emerging. Well take you live doha for more on that story, but lets begin with netflix. Two big stories out. Our Julia Boorstin is standing by. Josh is all over ibm. Give us a little preview here to kick things off. When netflix reports all eyes will be on ids streaming video subscribers and whether they need or sur pae...
June 24, 2024
Tim has an interesting explanation for that. First, on a day that saw the dow break 18,000 for the First Time Since july, the results were seeing from netflix and ibm and morgan stanley, justifying the fierce rally we have seen in stocks. Steve grasso . I dont know if its justifying it. I think yellen, the fact that the job is pitting everyone into equities. I dont think shes done a great job for the overall fed. But i guess if you gauge her success on equities, shes done an amazing job. I think...
June 24, 2024
Who can keep taxpayer Information Safe. If you are a top notch tech expert, you already are taking a pay cut to work in Public Service compared to what youd earn at firms in oregon or california. Now, without what is called streamlined Critical Pay Authority, it can take four to six months to bring a new hire on board at the irs. So i want to be clear as we go to questions, taxpayer information is under assault every single day. But the irs does not have the Legal Authority it needs from the con...
June 24, 2024
Seeing in a positive way is there is no longer a monolithic resistance on these issues. There are to contribute in countries that recognize we face a crisis. They recognize that simply circling the wagon and saying no to transparency and accountability is undermining peacekeeping. It is undermining their own integrity. We have seen some progress on that front. I would point out on the list , a large number of people who are violators are in the peacekeeping mission to make money. They are in the...
June 24, 2024
Criticisms senator Bernie Sanders, and blasting republicans for, quote, living in fantasy land for believing shes face an indictment regarding email scandal. From scandal to controversy. This just developing. This is Bernie Sanders live just outside his childhood home in brooklyn. He is suddenly involved in a very interesting new controversy. This one at the hands of a higher power in the vatican feeling the bern, youre looking at the sanders rally in brooklyn. Were going to find out how annoyed...
June 24, 2024
Markets. Futures a little bit softer. 500 futures 16. In europe it was all about the banks. Syncing over 60 in the First Quarter. Switch up the board very quickly. The aussie dollar thats the headline thinking by 1. 4 . The rba surprises with a rate cut. Renewed dollar weakness. Bit. Me back just a little in a commodity market, very much risk down by 1. 2 1 . Some crude related earnings as well. Matt just going through halliburton, seeing the loss widen. Four cents. S was it reported firstquarte...
June 24, 2024
Stronger, the market couldnt care less about the results. Thats what happened when the dollar rallied yet again and the dollar started off strong. Then gave up most of the gains. It reversed hard in the afternoon. Down to just 9 points. Nasdaq declining. 18 . Sell, sell, sell. I know that these two trends shouldnt be so powerful. Oil, dollar, oil, dollar. This morning about an hour and a half after i woke up. I read a tweet asking people what they think is the main driver of the market. They do ...
June 24, 2024
I would like to call to order, the finance committee to order. Our chair, spurp mar will be here shortly, and im lon down breed and we are going to get this started. To my left supervisor norman yee and jane, kim and we should call the record. Commissioner breed . Snechlt here. Compos . Absent. Kim present. Mar . Snechlt absent. Yee. Here. Could we approve the minutes, without objection, those are approved. We will take the Public Comment. When Public Comment has been completed. All right. Lets ...