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June 29, 2024
Is where the storm is coming in atlanta. First a check to david of the weather. We have been watching irma to continue to fall apart over the last couple of hours its still packing winds about 60 to 65 miles per hour, but it is continuing to pass out of the region and starting to weaken through the next couple of days. I want to talk about what weve been seeing with irma here were going to start off by talking about what the damage currently looks like you can see what the pictures looked like e...
June 29, 2024
Florida. Even though it is still bad enough. Still bad see the reinsurers, worst performers last week, up 5 right now. Irma has been downgraded to a Tropical Storm now georgia and alabama are in its sights while the hurricane as bill mentioned buwasnt as bad as it could have been, the Economic Impact is real Jackie Deangelis having a look at impact on agriculture like sugar and oranges. We were talking about that last week. Well see what the impact may turn out to be. Plus 6 Million People wait ...
June 29, 2024
Were lockstep with europe this is a very big change. You pointed that out a number of times the tenyear note yield creeping up a little bit from the lows we saw last week. Maybe helping firm up the financials just a bit. You see crude there. We just heard, of course, from the treasury secretary of the United States, steven mnuchin. As they wrap up squawk box. Tax reform, its got to be the most significant item on the agenda you know, he seemed to echo comments he made in the past about 15 being ...
June 29, 2024
Would you spend 1,000 bucks on a phone apples iphone 10 has facial recognition, and well discuss whether the high price tag is worth it and sorry doesnt always cut it shares of ek we fax sinking again today. Sinking again toq todau sinking again todai sinking again todaf sinking again todaa sinking again todax sinking again toda sinking again today something we will ponder coming up later here. But we begin today in washington and the latest push for tax reform kayla touche has a timeline coming...
June 29, 2024
Jamie dimon calls it a bubble. Hell explain the one thing he things theyre missing about bitcoin currency in a rare, sure to be explosive interview. First, consumers are making a comeback as Retail Stocks are on track for their best month since last year. Best buy higher, home depot hitting a fresh high today is this the beginning of a retail resurgence . Guy . I think it is a value trap. Can you trust the resurgence the answer in the short term is yes. Ill give you a good example look at foot l...
June 29, 2024
Of the different components, these are huge media and Communications Networks now, and in the United States and in most countries, these industries have been heavily regulated and very clear stipulations about what can and cant appear, how they can be used. You think about the idea of russia coming in and using nbc and comcast to influence our election what would happen . Thats exactly what happened here and the idea that they are going to somehow escape, hey, were just a platform, we have nothi...
June 29, 2024
Our own tenyear back to 220 we begin with riding the record run on wall street futures point to moderately lower open plus, dinner and a deal or no deal conflicting reports on an immigration agreement after President Trump dines with Democratic Leaders schumer and pelosi. Equifax blaming vulnerable web data, down 30 in the past week after another recordsetting day for stocks, the dow is on track for best Weekly Performance as we have two more sessions together again. Were kind of running out of ...
June 29, 2024
The small one. Im talking about the doomsayers and insentence that were going to get crushed if we own stocks here even with another sedate session. Dow advanced a little bit, nasdaq declined. 48 i hear this every day. Read article in the paper this morning, smart young fellows doing the short thing. Market is up too big, too expensive. Got to go down really reveltory stuff if north korea fires icbm, that cassandra is dead right. No argument there. Existencial crisis issue there was talk that Nu...
June 29, 2024
Ten year steady, just south of 22, Industrial Production 15 minutes away we begin with wall streets record run stock futures mixed ahead of the open. Terror in london, 22 injured in an explosion on a london subway train during the rush hour commute and Facebook Advertising under scrutiny the social network revamping the selfservice ad byi inbuying pl. First up, the dow is aiming for another record high, a sixth straight positive session. The markets resiliency tested today. Retail sales fell une...
June 29, 2024
Its a good time for the grea taste of mcdonalds not really. Shares of the golden arches had their worst week of the year you wont believe where some options traders see it going the action begins right now. All right lets get to it because while stocks made new highs, quietly teslas shares are on fire, surging 10 this week for its best weekly gains since july of 2016 tesla is now up more than 75 this year. So is it time to pump the brakes or will it rev even faster lets get in the money mike, wh...