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June 23, 2024
Good call, jamie. Barry diller had stuff words for espn this morning on squawk box saying the Cable Network channel exists in a tools economy. We will talk about what he means and whether they can withstand Cable Network and bundling. And a takeover in the beer space. This deal surpassing 100 billion. But well tell you why the deal could face a few hurdles before it can be completed. And Vladimir Putin speaking out on the crisis in syria. We will take you live to moscow for the very latest. But ...
June 23, 2024
Well find out pretty darned quickly when the Chinese Market finally reopens for business. But i can tell you a lot of whats working in our markets with better numbers coming out of the peoples republic, not out of the united states. In fact, much of the strength we have seen in the last three days comes from a belief that the Chinese Government is working to refoot their economy, which helps explain todays strong results. S p advancing. Nasdaq too. Im seeing signs of hope everywhere. In china, t...
June 23, 2024
Want a rate hike and those who fear one. But the dow only gaining 18 points and nasdaq sinking 0. 01 . Some people want to believe that with fed cheap janet yellen and i always come back to the problems of rate hikes and genders. The stocks of companies in debt and Oil Companies who so despera desperately need high yield loans to stay afloat. And lets keep in mind, those black hole i keep talking about. The Brazilian Oil company and the now disgraced volkswagen and none benefits from the rate hi...
June 23, 2024
Here at the New York Stock Exchange. We will discuss whether the oip ipo market has gone flat. Netflix getting crushed after disappointing earnings last night. The shares are down nearly 8 on the session today. Someone who says the valuation still ridiculously high and he will tell us why coming snup lots of volatility on that one lately. A Sports Equipment Company Investing in new technology that it says could change the landscape for concussion injuries that we have all been focusing on so muc...
June 23, 2024
We can have tremendous gains like we had today. Hallelujah we know there are gigantic bets made against stocks at all times. When the bets work, they work big. But when they fail, the failure is spectacular. [ applause ] and the bulls trample those who try to profit from declines in stocks. The herd was thundering today all right with the dow roaring 321 points, the s p pole vaulting 1. 66 and the nasdaq screaming higher 1. 65 n. The last 24 hours we have witnessed some of the greatest short gai...
June 23, 2024
A policy that on average would hold the inflation rate below 2 . That is not our policy. We want to see the inflation rate get back to 2 as rapidly as we can. But there are lags in the impact of Monetary Policy on the economy and if we waited until inflation was back to 2 and that would probably mean that unemployment had declined well below our estimates of the natural rate and only then did we start to begin to you know, the word tighten Monetary Policy i dont think is really right because we ...
June 23, 2024
Positive. Gdp running 39 in the quarter. Final revision. A lot to talk about today. Yes. And i think that the amount of news coming out and the news flow is being reflected. Yesterday boeing reported the biggest order in history. No one cared. Today i think they will care. Yesterday i think we had a lot of bank stocks down because they figured yellen would say same old, same old. Yellen did not come out with same old. She said, listen, things are ready. Were going to move. Some people say were e...
June 23, 2024
Today after forecasting a 6 to 12 drop in earnings in fiscal 2017. The question is how much of a warning sign is it for other retailers and what is it telling us about the economy . Thats not the only story today. Its not just about equities. Take a look at the tenyear yield. The beige book came out an hour ago and the markets really didnt like it in terms of the growth stories, so were back below 2 on the tenyear. The dollar index is now at a sevenweek low. The euro has moved to a sevenweek hig...
June 23, 2024
Apple hacked in china. This time the app store. Apple says it is working to address that problem. And as alibaba marks one year as a public company, the final lock up on share selling expires. Will the stock see more pressure today . Stocks poised to open sharply higher, looking to recoup losses from fridays selloff which did include a 290point drop on the dow. There continues to be buzz over the feds decision to stay pat on Interest Rates. Earlier this morning, st. Louis fed president jim bulla...
June 23, 2024
A new potential revenue stream for twitter. The Company Announcing a new video ard strategy, looks very similar to you tubes. We will discuss whether this could help turn the struggling social network around coming up. Elon musk has harsh words for apple, calling it the tesla graveyard. Yes, his words. Fourown grades for his company this week, is musz k getting scared of increasing competition . We will discuss. Tough week for tesla and elon musk. Lets start with the big moves. Weve been seeing ...