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June 20, 2024
Generational bottom in 2009. Dow closed down 32 points. S p finishing up barely up 11 . Nasdaq declining. Pretty weak over there. This negative bias has been at the root of much of whats actually been going right lately. This market and its detractors understand one part of the equation about the way business and life works. Prepare for the worst. But the other part, hope for the best often seems totally left out. Lets go through some examples so you know exactly what i mean. Today Interest Rate...
June 20, 2024
Friday. Right now, its time for squawk on the street. Good morning, welcome to squawk on the street, im melissa lee with jim cramer and Brian Sullivan. Carl quintanilla has the day off. What we saw yesterday earthquake the best day for the s p and the nasdaq over a year. Data out to contend with, an adp number in december, jobless claims, may be taking a breather in todays session, the dow looking to lose about 33 at the open. Take a look at the picture in europe. Does also look like europe is t...
June 20, 2024
Were at 1849 on the s p 500 right now. Were ever so slightly back above water and were going to keep an eye on how the rest of the month plays out. Its the worst start to a january since 2001. But we are in the midst of earnings season and the earnings have not been horrible. No. And the beige book today was constructive. Bank of america. And b of as earnings were pretty good. Single digits feels like a long time ago as well. Thats a victory, yes. Also on todays show, 30 people that could change...
June 20, 2024
See you late. General electric selling Home Appliance unit to Swedens Electrolux for over 3 billion in cash. First, big news from twitter on a potential new revenue stream. Julia boorstin joins us from los angeles with breaking news. Good morning. Good morning. Twitter is announcing a test of its buy now but allow users to buy products directly from a tweet, first big move into ecommerce. The idea to make mobile shopping quick and easy. So say renan can tweet a photo of the tour tshirt and say, ...
June 20, 2024
Volatile day. The s p 500 currently sits down 1. 75 . Nasdaq touching correction territory earli earlier before bouncing a bit. S p 500 is not quite there yet. But were on that watch over the next 60 minutes as well. A couple other gauges to watch, the vix jumping to 31 even. We have the ten year which this morning that was the big headline. The key benchmark u. S. Interest rate falling below 2 for the First Time Since 2013. Oil falling briefly or flirting with 80 level before closing at 81. And...
June 19, 2024
Cspan is your unfiltered view of government funded by these Television Companies and more including comcast. You think this is just a Community Center . It is more than that. Comcast is creating wifi enabled left for students for low inme families to get what they need to be ready for anything. Comcast support cspan is a Public Service along with these other Television Providers giving you a front row seat to democracy. Financial regulators testify on oversight of the Banking System including cr...
June 19, 2024
Affordable internet so homework can be just homework. Cox, connect to compete. Cox, along with these other television providers, giving a frontrow seat to democracy. Next, testimony on oversight of the Banking System and the cryptocurrency market held in the wake of the recent collapse of the krips exchange f. T. X. Other topics include the impact of the economy on Banking Systems, lending in rural, native, and minority communities, and banking reform. This is two hours and 10 minutes. Senator b...
June 19, 2024
[inaudible conversations] [inaudible conversations] Senate Committee on banking, housing, and urban affairs will come to order. Welcome to the witnesses and committee members. We know most americans want the same thing, a safe and affordable place to go home, a good paying job, a strong stable government which they can trust. Our Democratic Institutions are only as strong as a people who are in power. Our economy works best when you have a free and fair democracy in which everyone can live lives...
June 19, 2024
The markets posting their biggest selloff since november 7th. The major indices all down more than a percent this week. Its a big day for ipos led by hilton and aeromark. We have the ceos after trading begins. Facebook, shares up on news the ipo will join the s p 500. Lululemon lower on weaker guidance. The day after the dow closed down, the worst day since september. Retail sales showed an uptick in november. Next week all eyes will be on the fed meeting as investors watch for the potential tap...
June 19, 2024
Derivatives at a time when regulators are trying to rein in the insurance that fuel prices. Back to one of the top stories of the day. Fed chairman janet yellen will be in the spotlight again. For more on what to watch this morning, we are joined by economist josh bright, who works on the fed analyzing Monetary Policy. My guest host for this hour, bruce ratner. And more famously, the majority owner of a Barclays Center. You got it, exactly. First off, the fed have helped in the stock market rall...