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June 23, 2024
End, for clues about the feds move. Yie oil is relatively flat. Apple shares higher in the premarket after the company says new i phone preorders are on pace to beat last years record. The final countdown to the fed and mixed data out of china investors bracing for another week of opportunity. And alibaba firing back after barrons says the stock could fall another 50 from here. Apple is one of the stories of the morning. They come out with not hard numbers, but a characterization of how Opening ...
June 23, 2024
Lets take a look at the numbers there for you. The dow is currently off by 266 points. The s p is down by 41 and the nasdaq, look at that, a 2. 6 drop, 125 points being shed off the nasdaq. All three are now in correction territory. Lets get more on the trading action on the floor of the stock exchange. Its a pretty ugly day, it really feels like the market is having a lot of difficulty finding its footing. A number of different factors at work. You had the weaker close over in europe. You also ...
June 23, 2024
Demand outlet. We begin with a bshb inbev agre to a deal. Johnson johnson has a mixed quarter. And twitter raising their guidance for the Third Quarter but making job cuts official as well. First up, anheuser busch, inbev and miller agreeing in personal on a deal in which ab would inquire sab for 104 million. That would have about onethird of the global beer market. Its the biggest deal ever in consumer staples. The fifth biggest mma transaction in history. Well see if if happt happens. It proba...
June 23, 2024
Goal has been to consistently engage with china in a way that is constructive, to manage our differences and to maximize opportunities for cooperation. And i have repeatedly said that i believe it is in the interests of the United States to see china grow, to pull people out of poverty, to expand its markets because a successful and stable and peaceful china can then serve as an effective partner with us on a range of international challenges. Last night during our discussions, i mentioned to pr...
June 23, 2024
Members have been since that last meeting and why the market is certainly so much trouble making sense of it all. Netflix has been sweeping the emmys lately. Now it may be ieng the oscars, the company out with its first feature film, it opens nationwide tonight. We have details on that and we will talk to a shareholder who is not real thrilled about that. Silicon valley darling being called into question. We have the wall street journal reporter behind the controversial articles on blood testing...
June 23, 2024
We like for the long term when theyre being pulled down by shortterm considerations . Worries like the one generated by the fed meeting yesterday. Yes, yes, the averages got hit today. Dow sinking 290 points. S p plunging 1. 6 . Nasdaq falling 1. 4 . Hideous but just remember how badly we could have been crushed if the fed had raised rates. Many of the stocks that managed to rally today like the higher yielders, the consumer Package Goods and the drug company, they need a weaker dollar including...
June 23, 2024
Brazilian debacle, has been resolved and were now free to buy, buy, buy with the dow gaining 32 appointmenpoints, it was the dows sixth straight day in the black. Thats the strongest streak since february. Too good to be true . There are some things that are nettlesome that we need to vet them right at the autoptop. Lets talk about debt ceilings and government shutdowns. With the demise of the republican speaker vote comes the prospect of a government shutdown. As early as monday you will start ...
June 23, 2024
Where the dow sank and its 5. 9 percent and then 8. 4 percent and its the the best thing to watch this play out and in other words, it makes sense but only for a few days before the market loses interest. Consider for weeks the market despises and then they were low. The market hated them and they were over sold and kept ongoing down and down. And out of nowhere a couple of things happened and then things that determined the stock prices suddenly changed the view from bear stock to bullish in th...
June 23, 2024
Succeed. And counting down to cnbcs republican president ial debate. It is live tonight from colorado. Well tell you where the candidates stand on fixing things like Social Security and medicare, plus what some Small Businesses would love to hear from the candidates arrayed out there in boulder. Meantime, lets aez go down and check in with my friend, kayla at the nyse. Kayla. Hey, ty. The countdown to the latest fed decision is on in earnest. We will get that decision from policy makers in less ...
June 23, 2024
Above 44. Jobless claims, below 300,000. Yellen expected to make her first public speech after that big september fed meeting. Continuing of that major shakeup at volkswagen as martin winterman resigns. Microsoft with a big deal and a 38 billion commitment with boeing. Pope francis has departed for the u. S. Capital where the pontiff is scheduled to address a joint meeting of congress in about an hour. Pope francis expected to speak on a number of topics during yesterdays remarks at the white ho...