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June 27, 2024
Until he got on the board that he tried to leave the company in a position to recover starting with securing that Financing Deal last week. He told me he thinks they have excellent management and now an excellent board and that the investment was simply taking too much time that if shares could double t wouldnt move the needle enough to remain in the stock. Our josh brown was up tweeting about what he called the valeant depockal. What do you make of this story as we watch it unfold . Anyone who ...
June 27, 2024
Party lets get to it. Despite the fed rate hike and talk of deregulation financials were down about 1 . Morgan stanley, goldman sachs, bank of america saw red. Is this the beginning of a Bank Breakdown . Lets get in the money right now. Im going to piggy back something off fast money earlier in the week, carter worth had this Tour De Force about the relative performance of bank stocks versus the broad market and it got me thinking and jeffrey gundlach, a big fan too. Total shoutout there. Total ...
June 27, 2024
Lets get right to it. Despite the random rate hike, the financials were the worst performing sector as goldman sachs, citi saw red across the board. Is this the beginning of a bank break down . Im going to piggyback on fast money where there was the relative performance of the bank stocks and the Broader Market and it got me thinking and a total shoutout on that. Total shoutout. This group has paused. We know the reasons why they ran up. The hope of deregulation and higher Interest Rates. Ill le...
June 27, 2024
It hase last two days been up by 15 . Gold goes nowhere, just 12 in two days. You might have thought that. Crude continues to roll over one and at 15 half percent. The Republican Health care plan is running strong opposition ahead of thursdays vote. Joining us for more is Kevin Cirilli, our chief washington correspondent. Where do we go in the next 24 hours . Do the republicans have the vote . Know they do not. The sources i am talking about inside of the House Freedom causes House Freedom caucu...
June 27, 2024
Public just as fast as it can. Avoid the area if at all possible. We will try to be putting out alternative routes that people can take but dont put anybodys life in jeopardy by getting in the way. Dagen latest developments as investigators search for the cause of that fire. Amazon looking to take on walmart in a whole new way. Lure major food brands to sell directly on the site. Today mark it is last trading day of the quarter. Major indiceses all posing gains in the quarter, some better than o...
June 27, 2024
Desperate luminary aprils preliminary university of michigan sentiment. David welcome back to the program. Is it as good as he makes it out to be . So far. I havent been through the full release. The Biggest Surprise coming from trading, whenever they have a big beat like that, that is the first place i look. Fixed income coming in betterthanexpected. Growth came up 17 yearoveryear. Analysts expected trading to be down and was actually a bit higher. Long growth came in around 9 . Trading, weok a...
June 27, 2024
And ready to conduct a trial. Analyst wrote on the website 38 north that satellite images show activity at the site. Still, south korea is downplaying expectations that a nuclear test is imminent. The United Nations Security Council voted unanimously to wrap up the peacekeeping mission in haiti in midoctober after more than 20 years. The country has made steps followingbilization recent elections. The Council Voted to extend the mandate for a final six months during which 2300 military personnel...
June 27, 2024
Sliding along with the u. S. Dollar. The u. S. Dollar is at a fivemonth low because of the interview President Trump gave setting the dollar is getting too strong, and i like low Interest Rates. Well talk much more about this. The dollar is stronger now against the euro. 1. 06 against the euro. Weaker against the yen. 108 yen for the dollar. On todays mick ageeconomic, look for reports on weekly jobless claims Producer Prices and consumer sentiment. Markets are closed tomorrow for good friday. B...
June 27, 2024
Europe is pretty weak. Ten year yield 223, now the lowest since mid november and gold came close to 1290. Our road map begins with a eye on the financials. Jpmorgan, wells and citi all reporting better earnings than expected. Plus, the new centrist president and about face from President Trump on several key Economic Policy positions. And apples big health bet. Sources tell cnbc that the company has a secret Group Developing a new glucose monitor to treat diabetes. But first up, earnings season ...
June 27, 2024
The rate story that has wall street talking this hour. Pete, slower loan growth across the board for the banks. As the tenyear continues to come down, the banks were almost all negative. Youve had a little reversal but the market cant do anything. And everybody is looking at the 10year and obviously for a last while weve had this thing correlated. I think the impressive part is theres actually still even growth. Because of the fact weve seen some of these numbers moving where they were, yesterda...