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June 29, 2024
Good afternoon, everybody. Welcome to power lunch. Nasdaq hit new highs yerlearlie today. The dow and s p 500 under pressure merck a big reason for the dows decline. Shares down about 6 shaving 20 points off the dow merck is down 13 in the past week the Number One Health care analyst will join us to take part in mercks woes. Whats working check out amazon, apple and facebook all three hitting new highs. Check out some other movers. Amd down downgrade there. The stock down 20 in a week in arising...
June 29, 2024
Private equity on track for a record year fundraising, we got the woman in charge of Goldman Sachs clients, alison mass, her first tv interview ever. Very much looking forward to that. Lets begin with the top market story with the equities pulling back on new details about Congress Tax Reform plan. Ylan mui has the latest on what could be a delay in its implementation ylan kelly, republic b cans considering phasing in the reduction of the corporate rate according to bloomberg news. Under this pl...
June 29, 2024
Four days. The story here, Home Builders and housing. Home builder stocks getting it hard on the proposal to slash the mortgage cap in half were going to give you more on that coming up with somebody angry about it as well three big stocks were watching this hour. Apple, Company Getting set to release its earnings tonight a lot of questions about the iphone 8 and x facebook shares down after Mark Zuckerberg said he is serious about facebooks russia response and he will boost spending to police c...
June 29, 2024
Broadcoms higher by 4 . Meantime the gop tax reform bill has been revealed former fdic chair sheila bair will join us to talk about the impact that new plan could have on the Financial Sector. Meantime the housing recovery is, its recovering a bit today after getting hit hard on the news of the mortgage Interest Deduction cap that the new tax plan proposes. We got someone, though, who says this is a major buying opportunity for that sector. And he will explain why coming. We start today with app...
June 29, 2024
Purge in the countrys leadership. 11 princes, four current ministers and dozens of former ministers have been detained in a campaign to stamp out corruption. Crown Prince Mohammed bin salman, whos in charge of the new Anti Corruption committee, appears to have sidelined powerful rivals. It seems the heads of the Saudi National guard and navy have been replaced. Staying in saudi arabia, state media there says the military has shot down a missile over the capital, riyadh. Officials believe the wea...
June 29, 2024
What a deal could mean for the other chip stocks. Power lunch starts right now im Brian Sullivan the markets moving just enough today to give your investment dollars yet another new high, thanks to the saudi news oil is moving up again data is pushing Energy Stocks higher chevron and exxon among the dow leaders. We talked about Semiconductor Companies as well. It is fair to say that lately, it rocks sox at new alltime highs. Michael kors soaring, the fashion retailer beating earnings estimates a...
June 29, 2024
U uncertainty of a number of saudi princes and ministers were arrested over the weekend on corruption charges and of course as you probably have heard by now, that includes prince al waleed bin talal well look at what this means for u. S. Companies looking to do business in saudi arabia we havent even gotten to the Qualcomm Broadcom story but theres other things to get to now. We have the breaking news now that disney has held talks to buy most of 21st century fox. David faber back again anythin...
June 29, 2024
Courthouse square. We remember the days and nights, the weeks that we covered the terrible north bay wildfires. Here we are, it is a new page. On the drive up, it was hard to not think about the 40 people killed, all those injured that remain in the hospital. The 9,000 structures destroyed. Many of them homes just around the corner from us here in downtown santa rose a the tens of thousands of people that ran for their lives. Saying n i also think about the First Responders, the deputies and the...
June 29, 2024
Maria commanderinchief and first lady dunaway xi jinping in be in the business city right now. We will bring you the latest of the president pressures china overtaking a stronger stance in dealing with pyongyang. The results are in. Democrats take key victories in virginia last night. The midterm elections in the year to remember. The market was the prime buying opportunity following the election of President Trump and breakdown the rally and how high the markets climb from here. 28 by five high...
June 29, 2024
We are in Sutherland Spring texas monitoring the latest of elements. Reporter the Vice President just left, he spoke with authorities here saying he wants to be here to make them know that he will bring the full force of the federal government. Right now, i truly believe that itll make a difference in their lives, and we will continue to support those families in the community in the days ahead. Reporter he received an on the ground briefing from shooting investigators. This is looking into repo...