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June 26, 2024
S p 500, and nasdaq to record highs on pace for another set of record highs for the dow and s p 500 potentially the fourth in a row. Mentioning theh three major averages are on pace for weekly gains as well, the third week of gains in a row. Big strength for u. S. Stocks. As for one market moving in the opposite direction, we are looking at oil. Down nearly 3. 5 . What could be going on here for the second day of declines in a row, opec is negotiating to work out the supply cut deal may have bee...
June 25, 2024
Down two thirds of a percent. We are seeing a bunch of headwinds and fears related to that from the fed. We are in a risk off environment. We want to show you what is happening with the s p 10 sectors. This is basically a broad. A tepidly broad selloff. Are down by 1 . Telecoms had been negative. Utilities is in positive territory when rates come into the conversation. Information technology had been the biggest lag or lagger. It had been in the green earlier today. Morgan stanley saying it is u...
June 25, 2024
Great reporting by alex sherman over the last few days for this. The verizon sale will not include yahoo cashiers in alibaba, and verizon will be integrated with aol. Alex sherman is joining us now. You scooped this on friday. Talk us through what happened in the last 72 hours because there were still stumbling brocks tumbling blocks on friday. Alex verizon was always a favorite and we have been talking about that since january. Verizon upped its bid. In the last round of bids, verizon was still...
June 25, 2024
Retailer issues weak guidance, announces the cfo will step down. Toll brothers is going the opposite direction. Sold more homes at higher prices driving up numbers for latest quarter. And facebook responding to claims that its trending topics are skewed by political bias. The revamp for that company is coming up. But first up, best buy shares falling in the premarket. The Electronics Chain issuing weaker than expected guidance for the quarter, First Quarter results did beat consensus, but domest...
June 25, 2024
If you check out crude oil prices. Crude was all over the place yesterday. It did end the day up. See its up 31 cents right now. Wti at 45. 14. Nasdaq closed at a new high for the year yesterday. Lets get you caught up on some of the other big stories were watching. Notable comments coming from San Francisco fed president. Cue the star warz music. Repeating calls for gradual Interest Rate hikes saying it makes no sense to get back to a pace of steady increases sooner rather than later. The econo...
June 23, 2024
That were set just when those minutes came out. You were watching the yield on the ten year as well. It looked like people were anticipating, oh, this is going to suggest theyre going to be soon. So the yields moved higher and then, bam, they fall off a cliff right after the minutes come out and now they are back to where they were before. Market cant decide. As that dollar moved lower oil moved to a high we havent seen since july. The euro at a two week high against the dollar, all kinds of mov...
June 23, 2024
Shortened day. S p running about 42 percent below the 10 day average at this time. All three major averages not much changed. If you take a look at my terminal and the sectors on the move. Some stocks are more resistant to economic weakness, telecom, staples, health care. Energy and Consumer Discretionary stocks remain lower. Energy has been weaker along with oil prices. Alix but because it is black friday, you are not going to draw a correlation. You are not going to go by consumer stocks. Juli...
June 21, 2024
Welcome to pulse pulse live from bloombergs European Headquarters in london. Im manus cranny. Lets check in on equity marks in europe here. We are gaining for the fourth day in a row. We are extending equity highs. The i. M. F. Cut its Global Outlook by the most in three years. The World Economy will grow by 3 bonnie 5 in 2015 down from 3. 8 projected in october. London up 1 3 of 1 . 6606. Growth expectations. Have diminished everywhere except if ever the u. S. That will offset the boost from Lo...
June 21, 2024
We have no plans to slow down. Our goal is to bring you access to many of the biggest news makers in attendance. Steven schwarzman will be joining us in a few minutes. We have three big stories were watching. Earnings season is in full swing. Then this afternoon, american express, ebay and Discovery Financial and december Housing Starts and Building Permits at 8 30 eastern time. Both ratings are expected to rise by a percent and a debate is stirring after the state of the union last night. The e...
June 21, 2024
Switzerland surprise move in severing ties with the euro after cutting Interest Rates. We will have the latest from copenhagen. Could turkey be about to lower its Interest Rate . The countrys deputy Prime Minister said a cut is on the cards as early as today. Welcome to countdown. We are waiting for a word. The company says nonoperating profit coming in for 2017, so it is giving its projections for 2017. It sees cloud and support revenue between 1. 9 5 billion and 2. 0 5 billion. A big day for s...