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July 16, 2024
Oracle shares rising on news the company could be the winning bidder for tiktok but it will not involve an outright sale. Bytedancehinese owner Sarah Ponczek has been following the ups and downs. Tech has been leading the comeback. Also, this latebreaking news ikola, and the sec investigating the company over shortsellers. Sarah the last i had checked, down about 8 or so after the market closed. Examining nikola based on this claim that came from the platform hindenburg. 30 , 35 ors fall so from...
July 16, 2024
Want thats fine. Welcome back. Orville redenbacher bottom line, 350 bits at the lows today which are pulled back through the s p. You traded through the 50, did things you are supposed to do, closed on a better level i will let the technical guys talk about the market levels a payroll number this morning showed a trend weaker in payroll. You had pmi all week to sell you the Global Manufacturing environment is in shambles you have a dynamic where i think corporate ceos if we had the trade rhetori...
July 16, 2024
S p up by a point. Nasdaq down by about 4 points. Overnight in asia, the nikkei up 0. 2 the hang seng up by a quarter percent. The shanghai up by a half percent. This is all ahead of those talks expected to resume next week between china and the United States when it comes to trade. This morning on the continent, in europe we will see equities for the major averages, the dax is flat. The cac is up by 0. 6 . The ftse is up by a quarter percent. In the treasury market, you can see at this point th...
June 30, 2024
Sterling at 139. Having the best performing currency against the dollar. David i want to turn to guy johnson who is on the spot in london. We just got these headlines. Surprises here . Guy that is not a surprise. That was anticipated. Surroundingnguage the next rate hike that is pushing the markets to do what it is doing. You can see what is happening with the cable rate. The pound is pushing higher at this point. The market has been pricing in the possibility of an earlier rate hike in anticipa...
June 29, 2024
They are suffering from smoke inhalation, being treated at shore medical center. One firefighter was cut by glass, he has been treated and released. Investigators are searching for the ignition point of this blaze. The deputy chief tells me the fire started on the first floor in a sitting room of this threestory duplex. Seven people inside at the time. The pets were on the first floor. The owner of the property on the middle floor. Renters on the top floor. All of them including one wheelchair p...
June 29, 2024
All the major averages are in the green and hanging onto gains. We have seen price swings pickup. That was anticipated. September can be a volatile month. It is the most volatile month of the year by far if you look at the bloomberg. This is the average percentage change for the s p 500 did you can see september is the highest this year. It is still lower than december and last year. We have the biggest swings of the year, it is dwarfed by what we saw a year ago. We still have a few weeks ago in...
June 29, 2024
Driving the u. S. Stock market as well as hopes for some kind of tax cut. Those hopes sparking up again as we have the house passing the budget which in turn leads to higher hopes for a tax plan getting through. All the major averages are up. The russell 2000 of small caps is outperforming again. It is coming back to outperforming, up 4 10 of 1 . This is a small domestic dust and index for small, domestic orient an index for small, domestic oriented companies. Here you have the s p 500 versus th...
June 29, 2024
We are here with the editorinchief, megan murphy. It is all about the year ahead. You talk about it in your editors letter. Can you believe we are done with 2017 . Megan are we . [laughter] carol not quite. Megan so much is going on. Having come from washington to be the editorinchief. The political year, around the world. So many things in 2017 that we would not have predicted. In 2018, people doubled on and will predict things. The most interesting thing in 2018, we are going to double down an...
June 28, 2024
Days of selling. Volatility is back and in a big way. Do you say the course origin to move to the side lines for a bit . I think you stay the course im sure everybody is shocked to hear that thats what i would say obviously, people were seeking protection they did that in many cases through the s p 500 the iwm, the qqq, of course, the vix, but thats really the deep end of the people the vix itself. So what i think move yesterday that was 44 in a single day, the ninth largest move in volatility i...
June 27, 2024
Out its new plan, but for now we can tell you it looks like this second crack at this white house at this immigration executive order is going to focus on six countries, not the seven they initially focused on. Theyll take iraq off the list. This white house very much believes that its first crack at the immigration executive order was legal and proper and well handled. That said, the courts stepped in to block some of it so theyre taking another chance at it today. Well wait until 11 30 to get ...