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July 16, 2024
Nasdaq sank. We keep getting hammered by in sesant woes and worries about the economy even as we give a pass to the companies that indicator to the strong cumer, or just putting this out there, will we come to a realization that without some sort of trade deal with china, or at least mexico and canada, that this market is going to be headed lower, no matter what . I fear it will actually be the latter, because the strength in the stock market earlier this wee week was so broad, that the less lif...
July 16, 2024
Matt we have markets sapped in terms of their rally stamina because of amazons profit. Seen int reduction have a couple of years. The reason is one jeff bezos promised he would be delivering since the ipo. They are investing for growth, spending 1. 5 billion dollars in order to get customers free one day delivery and market share. Nejra they are certainly delivering on that. That has helped sales, but not delivered as much as investors might want. Boris johnson wanting to deliver that election b...
July 16, 2024
Exchange. We are going to bring you todays market moving news from all around the world. Ndc,brussels to New York New York ndc new york and d. C. You chief negotiator michel chief negotiator Michel Barnier says negotiations were often tough. Negotiations over the past days have at times been delivered but we have , and we have delivered together. Alix anna edwards is in brussels with more. What is actually in the deal . Anna it is taking a little while to get through all the detail, but what was...
July 16, 2024
Lets get into these results from samsung. What was the offer . Not as impressed as the shareholders are. They seem pretty impressed. I think there is a lot of concern they need to be aware of. First of all, the chip business really fell off a cliff. Operating profit really fell a lot. The other thing is the smartphone business had a good quarter. It was the secondhighest sale on record for that division. Incomecompare operating versus a couple of quarters ago, operating profit was a lot lower. M...
July 16, 2024
All that and more on making money. Charles the markets essentially flat. All eye what is happens next, in the first phase of this u. S. China trade truce. Both sides say there is more work to be done. President trump says in fact he could sign a deal with President Trump summit in chile. Treasury secretary Steve Mnuchin says there is deal in principle and what is coming in store for next couple weeks. There will be deputy level calls this week. There will be principal level calls next week with ...
July 16, 2024
And were looking ahead to earnings jpmorgan, all on deck. Joining us is dan nathan from risk vertical advisers what are you watching today heading into tomorrow . The fact that the dow is onle we had these massive surges in stocks yet, we dont have a whole heck of a lot of content about what that means, other than buying ag and a lot of Market Participants right now feel like weve seen this movie before and we kind of know how it ends except that this time, its a threepart Netflix Series that we...
July 16, 2024
You have under armour coming in down by 1 . Founder is actually stepping aside as head of the company. Started in his grandmothers basement. Willnder armour president become the chief executive officer on january 1. Theres a huge restructuring that planck has been under over the last few years and this is really a change in strategy. Looking for distribution and longterm growth strategy. Kevin plank stepping aside after 23 years at the helm. Procter gamble beating and raising. Ups also coming in...
July 16, 2024
For the columbus day holiday the stock market is on a regular schedule if you check out the u. S. Equity futures a in the hour, the bulls may be wishing it wasnt dow futures indicated down by 110 points s p futures off by 13. And the nasdaq down by 42. Joe mentioned that headline that seems to be moving these futures this morning that was coming from bloomberg saying that china wants to have further talks as soon as the end of october before they will even sign the phase one deal thats being tou...
July 16, 2024
The month of september. Lower than the 145,000 the economist were looking for. Certainly steady. The Unemployment Rate dropped to a 50 year low at 3. 5 in the last time you saw a number like that we went on the move in 1969. Joining me too talk more about the week that was and what is ahead the deputy managing partner michael and sarah are here. In chief economist anthony chan. Great to see you guys. Thank you for being here. What was your reaction to the numbers . What i see, wages are not risi...
July 16, 2024
Bank. Micron issues a trade warning. Shares down this morning on a disappointing outlook and ceo san yjay mehrota joins us in a e minutes. Tell the story. Im sorry to interrupt. No problem. Eagles won last night i can do whatever i want. And half of the debuts trading below their offer price. Does that spell trouble for the ipo market wells is up in the premarket after naming bank of melon Ceo Charlie Scharf he held the top job at visa. Wells plagued by scandals struggled to find a replacement. ...