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June 20, 2024
Take a look at europe. Whats happening across the pond this morning. More green than red right now. At well, you got about 3 1 2 hours or so before the european markets closed. And the roadmap starts with the markets. Stocks set to open higher this morning after posting a nice gain at the close yesterday but the one thing you really need to be watching this morning is the move in gold. Plus, earnings at nike beating the street but the stock slipping during trading thus far. Were going to break d...
June 20, 2024
Economy. Jobs, what was it . Today, of course, those minutes were forgotten and the dow soared 109 points, s p climbed. 1 . Typical of what happens every single time with these minutes and it is driving me crazy especially after the dow closed above 16,000. And so many people have been left behind by this unabashed bull market. So im steamed. And tonight, im venting. I think theres a tremendous failure of imagination out there when it comes to the process of making money. So many people do a rem...
June 20, 2024
About 74,000 jobs created. Dow instead declining just eight little points, s p rising. 23 . What an affront, right . Nasdaq climbing. 44 . The answer as i always try to tell you is the very notion of the market has become totally passe. We have whole groups of stocks that go higher on slow growth. Because Slower Growth means lower Interest Rates. And they were pushed down so hard today that, you know what, i can see Mortgage Rates thats right the posted Mortgage Rates actually dropping next week...
June 20, 2024
Matters. Yeah. Value of all things, its playing a role. I mean a longterm value. And its springing up everywhere, unlike the real spring which is nowhere to be found. Thats why the dow climbed 91 points. And the nasdaq, which last i looked doesnt add a lot of value. Therefore, advanced only. 19 . Look, i know it sounds like im being facetious here. Doesnt the stock market always care about value . Honest, simple answer is no. Plenty of times the predominant investors, the ones that matter becaus...
June 20, 2024
They are trying to diversify themselves and sell content. Kb bskyb happens to be the secondbiggest shareholder. Lets see how that plays out. Lets cross live to berlin. Sap having they will be cutting jobs. Remember, this is the worlds biggest Management Software company. Bill mcdermott takes over as the sole chief executive next week. The company confirmed there will be thousands of job cuts right across the business. This will provide more Good Software online. The chief Development Officer say...
June 20, 2024
At the new york stock exchange. Hi, ty. Well, the s p hitting a new intraday high today. It was a record. Were just below that record high right now. The dow is having a pretty decent day as well. The nasdaq, not so much. Theres the s p up 5. 25 on the trading session. The dow is up about 72. And the nasdaq, its down by about 11 points. Shelia come ranlgians at nasdaq. Bob pisani first with the upside for the big cap stocks. The good news the the s p hit an intraday high today. The bad news is, ...
June 20, 2024
Ibm is reselling technology. Theyre trying to steer customers to ibm products. That is according to an internal memo. This is a big blow to net apps. The founder and ceo is worth one point 6 billion after his company went public. All sorts of products directly to consumers. It is the biggest Chinese Internet Company in the u. S. For now. It is a massive deal expected later this year. The Number One Company for pay and benefit in a new Glassdoor Survey will stop Tech Companies dominated. Intuit a...
June 20, 2024
Huhuh. Let me tell you something. Weve got to be prepared for a pullback. We have the chinese manufacturing phi, and thats the most important gauge of chinas growth. Im willing to bet that its going to show a further slowdown. People are starting to talk about, including goldman sachs, maybe a sub7 growth in china. That would be big, people. Got to watch the slickly calls. The cyclicals have been hot. But i think this number could cool the rotation into that group. Gotta watch the cyclicals mond...
June 20, 2024
Matters. Yeah. Value of all things, its playing a role. I mean a longterm value. And its springing up everywhere, unlike the real spring which is nowhere to be found. Thats why the dow climbed 91 points. And the nasdaq, which last i looked doesnt add a lot of value. Therefore, advanced only. 19 . Look, i know it sounds like im being facetious here. Doesnt the stock market always care about value . Honest, simple answer is no. Plenty of times the predominant investors, the ones that matter becaus...
June 20, 2024
A viral marketing. A discussion about how ads are creating advertising buzz. Nexthat and more over the hour. First, headlines from my radio cohost carol massar. I love the devil baby. Lets get to headlines. Jc plan jcpenney is planning to a lemonade about 2000 jobs to help save 65 million a year. The closings represent about 3 jcpenney stores. The dell cuts would be about 2 of its workforce. Bank of america posted quarterly profits that more than quadrupled, beating wall street estimates. Fourth...