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July 16, 2024
Work and make you feel like a dope for parking in an index fund because they perform better than the s p 500 on a fabulous day where the dow roared 177 points, still one more story about facetoface trade talks in china you know what this reminds me of not the 2000s where stocks were blew up. Not the past decade but we rallied steady not everyone the runup to the. Com apocalypse in 1998 and 99. No aside from the sign that trade tensions may settle town todays move was reminiscing of the beginning...
July 16, 2024
Morning, congressman and Ranking Member doug collins here to talk about all things mueller after yesterday. Ohio congressman house intelligence and weighs Means Committee member joining us and house energy and commerce manager debbie plus tennessee congressman and Committee Member is here on israel boycott bill, and c op of Raymond James paul riley on company fernings but ceo of ups will weigh in on earns and brotdzer economy. Dont miss a moment of it and top story this hour more than six hours ...
July 16, 2024
Urged the European Union to rethink its refusal to renegotiate a brexit deal, and once again stated his commitment to leaving the eu on october 31. The eu rejected the demand that the irish border backstop should be scrapped. Europe is sweltering through record high temperatures today. Paris has beaten its alltime mark, 105 degrees. It was 98 degrees at Londons Heathrow airport, a record for july. Across the continent, day centers were opened for the homeless to get out of the sun. Areers in muc...
July 16, 2024
Boris johnson becomes Prime Minister today. He has to build a cabinet and tackle brexit by the halloween deadline. Deutsche bank trading slump deepens. The cfo spoke to bloomberg this morning about the impact of low rates. We are very aware that outlook deteriorated in june. It does represent a revenue pressure for us and all of the banks if rates go down further. Anna daimler sets its sights on recovery, operating profit will improves significant leak in the second half as rival peugeot downgra...
July 16, 2024
Second quarter loss and the psa chairman says Market Conditions are tough. We are entering now a chaotic period in the Automotive Industry as we all understand starting with the market downturn, the emerging markets are in turmoil we see the electrification is going to change many things. Aston martin shares skid off course after the luxury carmaker slashes key forecasts for the year as it weathers uncertainty in the uk and europe and the euro slips to a sevenweek low against the dollar after ge...
July 16, 2024
Nasdaq up by 33. However the new york fed, bullard as you mentioned and others are pushing back on this idea that a bigger cut will be coming the new york fed itself putting out headlines saying that speech was not about potential policy actions at the upcoming fomc meeting, this was based on Academic Research done by John Williams i dont ever recall hearing the fed walking back what somebody was out there saying a lot of fed president s have spoken to us over the last 10, 12 years at this point...
July 16, 2024
American shoppers havent gotten the negative memo. They are supposed to be worried about trade tensions and the Global Economy or perhaps brexit if they knew what it was, apparently not this is a crazy day as the dow dipped and nasdaq lost. 43 . We started the session with that sharply better than expected retail sales figure, just an eye opener the numbers are good and makes you feel like there is no way in hell we could be near a recession and at the same time we got a remarkable set of result...
July 16, 2024
The latest phil melissa, not surprisingly boeing will take a big hit when it comes to the q2 earnings that it reports next week lets run down the numbers the Company Announced within the last half hour it is taking a 4. 9 billion after tax charge that works out to 8. 74 a share. Thats for the Second Quarter. Essentially it comes down to the 737 max, they say it is due to concessions and considerations theyre going to be needing to make to customers, not only those they made in the Second Quarter...
July 16, 2024
Lets get a check in on the markets. European equities are pretty flat. The stoxx 600 struggling for direction. You heard and the headlines, three key things we heard. The dovish message from Jerome Powell reiterated and we got better than expected data in terms of retail sales and factory output, pushing the 10 year yield up. It also pushed the dollar higher and we hold on to those gains. The question as whether President Trump can have the weaker dollar at the same time as a strong economy. And...
July 16, 2024
What are we doing equity wise . Yvonne it is about that jobs report. Making a little money for the fed. It will be interesting to see what jay powell says. Is he going to lay a strong case for some kind of easing cycle after that solid jobs report . There are indicators that it was not that strong here. Slower when it comes to wages. We will see that rate cut at the end of the month. You are seeing equities selling off here today. After this continued pressure from japan onchip materials. The ch...