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June 20, 2024
It is sometimes a good indicator of what we will see on friday. There may be blacks backlash from boys. Flash boys. Will face more questions about gms failure to fix it ignition switches. She used her appearance to stress that todays gm puts customers ahead of anything else. Matt, overall, what has been the assessment of her performance. Did she do well yesterday . A lot of people were surprised that she refused to answer or did not know the answer to a lot of questions that these congressmen we...
June 20, 2024
Month well below the forecast of 200k and the Unemployment Rate falling threetenths of a point but the decline was largely as a result of people, jim, who are leaving the workforce. Right. You called it an outlier a few moments ago. Outlier, but one thing i learned about the numbers is when you get an outlier, the market still trades off it. We can i say dismiss it and throw it away, bonds are soaring and Interest Rates are down. Maybe were in a bad news is good news moment because Interest Rate...
June 20, 2024
Buying program. And Steve Liesman is going to join on us in the next hour with an exclusive finding of the latest cnbc survey. Also on todays economic agenda, august cpi is coming at 8 30 eastern pim. Economists say the headline inflation number likely rose by 0. 2 . Also, here is a little bit of news for wall street. U. S. Grand jury has now indicted two former jpmorgan traders involved in the banks london Wales Trading scandal. They accused of hiding hundreds of millions of dollars of losses o...
June 20, 2024
Is valued at almost 8 billion but the question everyone is asking is it worth it. Well talk to the ceo after the opening trade. And facebook is jumping into a new arena, Virtual Reality, they are buying oculusvr in a deal worth about 2 billion. So what can virtual do for social . Well try to find out. Blackrock Ceo Larry Fink sounding the alarm about the recent popularity of dividends and buybacks. In a letter this morning well tell you exactly what he had to say. First up, though, King Digital ...
June 20, 2024
Are you looking at . As you give us the eps number, it matches estimates, but the sales number is a big miss. Comparable sales, spain samestore sales was down 1. 6 . Analysts were looking for a gain of 1. 3 . What happened in the First Quarter was the weather issues. Frigid temperatures in february. Multiple winter storms. Amateurs were much colder in february than they were in the previous year. A late easter as well. Inventory buildup that carried over into the First Quarter and macys had freq...
June 20, 2024
Well. Well get to that in a moment. Two exclusives with two heavyweights the street widely follows. Nouriel roubini joining us. Hes about to turn bullish on some emerging markets. And jim grant from the grant Interest Rate observer. He has his own unique take on the message the fed is taking about when raids will rise and some opportunities on Global Markets. I cannot wait to hear jim grants take on Janet Yellens News Conference last week. Thats pay per view material right there. Speaking of pay...
June 20, 2024
Posted by the Progressive Policy Institute looking at the fccs open internet policy. Earlier in they, the fcc voted along party lines to move forward on a proposed rule that would allow content providers like netflix to pay for whats called fast lane service. This discussion in washington set to get underway in a couple of minutes. We will stay here live with one quick note from one programming note about the white house. President obama reportedly today will announce you seeking to keep 9800 tr...
June 20, 2024
I think the question is for you. [laughter] which one was it for . I dont honestly know. Sounds like something he would have said. If you missed not just the fight against White Supremacy but how it is shaped so much the modern world and our economy and nation say, so forth, others have allowed us to see just how deep it cuts. And dubois of course was part of that. He said many times in many context that the problem is the problem of the color line. That is using you dont understand the 20th cen...
June 20, 2024
In this nation of ours we always believed and we believe in the American Dream that if you work hard and play by the rules you out to be able to do well that we live in an america where few work hard and play by the rules you will have mounting debt and stagnating wages. This is not the land of opportunity. This is growing to be the land of economic stagnation and being stuck and we believe in our country and we love our country in the thing we love about it is you can come here and make somethi...
June 20, 2024
Services, pmi, International Trade and ism nonmanufacturing numbers that day as well. Forecasters say the economy probably added 218,000 jobs in june to make five straight months of job gains of more than 200,000. Thats something we have not seen since the end of 1999 before the dot com bubble burst. The bulls are looking to close the books on a successful first half of the year. The s p 500 is up more than 6 this year following a jump of 30 in 2013. If the market closed the year at current leve...