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June 21, 2024
Tumultuous session. Another month of equities but not just equities that got squeezed. Government bond yields touched record lows new ones and the price of oil surged. Strangely to its biggest oneday gain in two and a half years. With losses accelerating into the close, heres how the major averages ended the day. The dow was down 251 points. Thats its worst month in a year. The nasdaq all fight 48 and the s p lower by 26. Also ending its worst month since last january. For the month, the dow and...
June 21, 2024
About three points going lower here, and the nasdaq were keeping an eye on that one. Its going to be all about the nasdaq this week. Eerily similar to the exact same time of near 15 years ago the nasdaq closed at alltime highs. Its closing in on 5,000. It just turned negative on the session. Were off five points. 4,963 is the level. Were talking about 35 points away from crossing 5,000. Well have lots of numbers coming up on this. Obviously on an inflation adjusted basis you would have to of tha...
June 21, 2024
Chemical maker, facing corporate casualties in russia. Welcome to countdown. Coming up, nigel garage speaks to bloomberg. We will tell you what he has been talking about immigration and the upcoming general election. 6 00 in london and we are getting breaking news from airbus. Right now it gets two thirds of its sale from making airliners. 2014 sales came in at 60. 7 billion euros, a touch ahead of the estimate. The dividend has come in at 1. 20 euro per share. And estimates they are looking at ...
June 21, 2024
Checked to see if she broke security rules while secretary of state. Using a private computer server. The state department is try to determine if they included sensitive information. John kerry says clinton has been cooperative. Last year, the department sent a letter to representatives of the former secretaries of state requesting they submit any records in their possession for proper preservation. In response, secretary clinton provided the department with emails that span her time at the stat...
June 21, 2024
Reports. Welcome to countdown. Manus coming up, i sit down with a veteran in the kipling suites at one of the most exclusive hotels in the heart of marburg. Mark breaking news from the mp of the biggest and in france, a surprise increase in firstquarter profits,. Net income rose to 1. 6 5 billion euros, up from 1. 4 billion. Bloomberg spoke to the cfo about the numbers. It stems from good performance in our specialized businesses. That coupled with positive jobs means our revenue is outpacing ou...
June 21, 2024
We had here. This beats out the money wells fargo and any other bank. 8 million dollars, slightly higher than what analysts were looking for. They were looking for something in a neighborhood of 5. 2 million and certainly from the Fourth Quarter when wells fargo put aside 485 million. The bank indicated it would build some reserves for potentially bad oil as those Companies Facing challenges because of the falling oil prices. Efficiency ratio of 50. 8 . This is an important indicator for their a...
June 21, 2024
Half a million more damaged. 3 Million People are homeless. Protests spread to new york city. Hundreds marched yesterday in manhattan to protest the death of freddie gray. More than 60 people were arrested. Police say they have warned marchers not to block traffic. In baltimore, no major disturbances. A curfew was enforced for a second straight night. Wall street once again reading Interest Rates after the latest comments of that bad. They still might boost borrowing costs before the end of the ...
June 21, 2024
Number. Yeah, lets hope they missed out on every last bit of todays gains. Where the dow folded 118 points the s p jumped 6 in the nasdaq though the market was up higher at one point. These negative nancys might be totally clueless about how this stockmarket actually works. Now, when i saw the weekend employment report friday i cheered. Not because i didnt want people to get hired. Okay, i do. Because this accomplished three things. Three megatrends. First it shouts out the crowd that didnt work...
June 21, 2024
And david powell is in london following the latest on the greek bailout talks, but first lets get you to some of the top stories we are following. Disney is at it again. The Worlds Largest Entertainment Company posted quarterly profits that were 10 better than a year ago. Results improved at the disney theme park and merchandise units. Frozen is still a big moneymaker almost 1 billion a merchandise sold. One clout, operating income fell at the disney table networks, the reason higher production ...
June 21, 2024
Jobs report. Look that the, 2. 20 have not seen that yield at least in a little while. Thats what im going with. A little while. Lets start with the jobs report. Nonfarm payrolls above estimates economy adding 295,000 jobs in month of february. Unemployment rate ticking down to 5. 5 softness though wage growth and labor participation. Both weak average Hourly Earnings were up. 1 from the prior month. The stock futures were looking down now. They had initially jumped on the release, so well see w...