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June 25, 2024
With the bank of england decision not to do anything with Interest Rates. News and we have breaking with a potential deal. Beyer raising its bid for monsanto. Spurred the first deal as too low. There has been a lot of speculation about raising the bid and now it has. We will see if they come back and accept the deal. We saw a spike in the shares when these headlines came out. Came back down to some extent although still 2. 5 higher on the session. 120 twol far below dollars or 125. Seeing a rall...
June 25, 2024
The lowest Unemployment Rate in over one decade and wages rising. This morning, i had meetings others inagues and addition to my duties in this house i shall have further meetings later today, this afternoon, i will travel to berlin to be chancellor merkel to discuss how we implement the decision the british people took any referendum and i expect we will cover a number of other pressing International Issues and tomorrow i will visit paris with similar discussions with their president. Can i war...
June 25, 2024
Catalysts and information to shift through. Julie youthink would think that those would be bearish. They have made an intraday high. Earlier, they did touch and intraday record. 2175. 79. T if they close at this level it. Ould be a closing record we did to get underwhelming stimulus from the bank of japan. We got gdp for last quarter, one. 2 percent expansion. Stocks were lower, but are now holding relatively well. He dow is down by two points looking at the s p 100 you have the fifth straight m...
June 25, 2024
Where Ramy Inocencio has been tracking the followed from the betterthanexpected jobs report. Ramy looking at where we are right now, we are just off of session highs. I want you to look specifically at numbers for the s p 500, as well as the nasdaq, on pace to close at all time record highs for both indices. The s p 500s highest previous therd high was 2175 and nasdaq was 6218. We are still 90 points away from the dow record high, but still up by more than 150 points on the day because of that s...
June 25, 2024
Lets bring in bruins beleskey with bmo Capital Markets and dean maki and cnbcs steve liesman. What do you think . Need to take a really deep breath. My comment, not to be flippant, duh. Tell me something that i dont already know, issues that have confounded investmentors for the betterment of six months, number one. Number two, weve been pretty clear on the views in the market that are in a rinse and repeat. Cant get off the emerging markets commodity trade and cant seem to not wore egabout the ...
June 25, 2024
S p 500 and the nasdaq climbed. What do you do . Ill tell you what you do. You own it buy buy buy before i get started explaining why i like this market, let me say that i pay very close attention. We got some real eye popping numbers from the Investors Intelligence poll. It turned out that only 35 of the wires are bullish. Lowest level since february. 24 are bearish. A sixweek high and the rest are calling for a correction. More than any time in the last eight months. These numbers should make ...
June 25, 2024
Of average. Take a look at what this is doing to the markets at this point. Well, you know, weve we came back yesterday. You can see we are looking for a slightly lower open as of now. European markets already in session. And on the closing end of their day you can see kind of a mixed session over there. This is where we may see the most move is in the tenyear note yield. You might expect of course the expectation the feds going to move now in june has fallen dramatically. Will it even be july. ...
June 25, 2024
Getting better . What if the Global Economy is truly gaining momentum . Hey, thats what were starting to hear, but few people seem to be listening. Im certainly paying attention, though. Especially as the dow reaches an alltime high for the first time in over a year. Hallelujah the s p sets a record close for the second day in a row. That was easy. Bold claim. Things might be Getting Better but how about i give you some evidence . I always tell you to listen to that alcoa conference call. So man...
June 25, 2024
Coming your way. But lets kick things off with the aforementioned Michelle Carusocabrera live in cleveland. Michelle. Hey, tyler. Another newsy day. Weve had news break in just the last half hour that the trump employee who helped write Melania Trumps speech, well, that person has accepted responsibility for the similarities to Michelle Obamas 2008 speech John Harwoods going to join us with all the details. Big night, senator ted cruz, onetime president ial hopeful expected to speak. Whats he go...
June 25, 2024
In the equity markets on this side of the ocean, you can see the european markets as well have steadied to say the least but thats about it. After again a nice twoday rally there, although that ftse, a lot of people saying thats not the one to look at. Yeah, its back to where it was before brexit but thats because most of it is international exposure, not necessarily exposure to domestic uk. Lets get to our road map this morning. It does start with a big day on wall street. Its the end of the fi...