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June 25, 2024
The bombaydo down as well. Also look at crude. Wti falling to 49. 77. And the battle for the white house is front and center this morning. President obama officially endorsing, surprise, surprise, Hillary Clinton for president as did Vice President joe biden. Senator Elizabeth Warren doing the same and didnt take long for gop candidate donald trump to respond. Trump tweeting obama just endorsed crooked hillary. He wants four more years of obama but nobody else does. Clinton fired back with a twe...
June 25, 2024
Monetary policy to congress today, as part of the testimony. It had this worrisome nugget about stock values. Quote, forward price to earnings ratios for equities have increased to a level well above their median over the past three decades. Although equity valuations do not appear to be rich. Term premiums are more normal levels. That is what they said. Yellen was asked about the possibility of asset bubbles. She was a bit more sanguine. She did not contradict the report. I dont see signs of ex...
June 25, 2024
Lets get to it. The story of the week was a collapse in global rates. The u. S. Tenure deal hit multi year lows creating a hunt for yields an dangerously crowded trades. Dan, what are you looking at . We know what the trades have been over the course of the year. Really into the course of the last year it was utilities u. S. Telco and Consumer Staples. One is the defensive nature of some of the businesses. A lot of revenues for the most part here. Not as much on Consumer Staples. There was a div...
June 25, 2024
As the board drama continues, well go live to Paramount Pictures for the future. And microsoft wasnt the only offer on the table for linkedin. How sales force missed out. Viacom issuing a warning for the current warner. They cite weaker sales after redstone moved to oust five board members. This is a significant warning on estimates. Yeah. They blame one movie. They claim the slate is going to be very good going forward. But they said the slate was going to be very good going backward. This is a...
June 25, 2024
Hillary clinton went after donald trump today, this as we get surprising details about Trumps Campaign finances we have all that coming up for you. And also a read on the economy. Well tell you what to expect from fedex, adobe, and k. B. Holmes coming up. A good crosssection of industries there. Very good. To see whats going on. Lets begin with Janet Yellens testimony on capitol hill this morning on the economy. You saw it live on cnbc this morning. Steve liesman has the key takeaways. Guess who...
June 25, 2024
Impact she thinks brexit will have, and will there be more theyre talking about a 150 billion euro bailout fund over there. Potentially. The man known for playing walter white, yes, its true. Bride yo Bryan Cranston will join us to talk about the infiltrator. A lot of excitement having him around here today. We have full team coverage. Bob pisani is watching todays historic moves. Bertha coombs is at the nasdaq, where the index has been flirting with 5,000 today, and Mike Santelli looks at wheth...
June 25, 2024
To leave the eu next week. It wont lead to the chaos that many seem to be expecting. Yet here we are after yet another day where the market was totally immersed in what will happen a week from now. The dow slipping 58 points. Nasdaq falling. I say weve seen this movie before. Except the last time we women through this, it was a heck of a lot worse. I dont really fear the idea that the uk, a country with its own currency, might divorce itself from europe. A whole couldnt penalty in with a differe...
June 25, 2024
That s p 500 declined, nascar lostering with need on address an important question. Do we have too many of everything . It sure feels like that on a day like today. Too many stores, too many trucking companies, too many airlines, too many banks, and nothing can be done about it except survival of the fittest. For the longest time the free market took care of itself. The big fed on the small. We had rational markets based on companies able to combine and take out costs. But in the last couple yea...
June 25, 2024
Thats the former speaker of the house. Nancy pelosi called tim cook for meeting with current speaker of the house paul ryan. Is apple running theisk of offending everyone . A special report. First, todays massive move in stocks. Stocks erased all of yesterdays loss. The dow, s p and nasdaq having their best day in four months. Heres the interesting thing. Bond markets and gold barely budging. When you couple that with the earnings, was today just a suckers rally. Guys . I dont think its a sucker...
June 25, 2024
Street, the trading perspective. Roger from the economic perspective. Well bring you the results as soon as they are released. Kate kelly is standing by with all of that. How about twilio soaring on its debut. Its just under 28. Granted thats not saying much. But a hello they debut here for twill owe. Well discuss whether it could spark a new rush. Wow, did they leave money on the table. I dont know. In this climate . Priced above the range. Its the indication. Its a Business People can understa...