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June 24, 2024
Freeze. Our road map begins with global volatility continuing. Jim mcgoggin. And apollo and adt are in a deal. And the death of Supreme Court justice ascalia has creatd a firestorm. First up, stock futures jumping sharply. Saudi arabia, russia, qatar and venezuela agreeing to freeze output at january levels provide that other major exporters follow suit. Crude prices rose off their highs of the morning. Some analysts expected an agreement to cut production. Thats not exactly what were talking ab...
June 24, 2024
Later, its a secret sign that energy may have found a floor and had one trader placing a very big bet. Well tell what you that is and well start off with the big moves in tech. Cisco surging and tesla misses but the stock is soaring on an upbeat outlook and amazon announcing a 5 billion buyback. Do these then to buy back the standout performance we saw in todays session in technology . Is it time more importantly to put the tech trade back on . Guy. When you talk about the tech trade, thats a pr...
June 24, 2024
That got clobbered when they reported earnings and roared higher. As people seemed to predict the bad news. Overlook it, or just said, hey, maybe it wasnt as bad as i thought. These stories are behind a lot of the recent rally. Including today with the rally 212 points. I ignored the fact that Kimberly Clark had fallen from 127 to 122 off the quarter, until the interview began. Right at the top of the intervie you just asked point blank, if the decline made any sense to him at all. Because it su...
June 24, 2024
And nasdaq all higher. Were close to session highs. So with yesterdays big recovery and todays big rally, is a panic selling nearing an end . Joining us is paul hickey of bespoken investment group. Good to have you with us. What is your take on how this market feels at this point . Obviously an up day is welcome after several down days in a row. This market, the day to day moves are more fickle than a 4yearold. So we get big up moves, big down moves. So i wouldnt read too much into this right he...
June 24, 2024
Haven assets. Gold rallying hard again today, jumping 2 , adding to this years gains. A big move in the tenyears. Investors start piling into the bond market. The yield back below 1. 8 . Are we seeing signs of the merge, and could it spell trouble for stocks, guys . Lets address each one of them. Utilities are doing well. Dans talked about it. People looking for yield. Lets back that one out. Gold has not sold off in any real way, shape or form over the last week or so, like it should have if in...
June 24, 2024
The action begins right now. Lets get right to it because the financials just posted their best day since november 30th, 2011 so as the rally in the banks signaling an all clear for the markets . Lets get into the money and find out. Dan, what do you say . I dont think so. Its obviously a very healthy rally. Saw it in the european banks and in the u. S. Banks and two pieces of news cause it and we started out morning with Deutsche Bank saying that they are going to buy back some bonds that have ...
June 24, 2024
The original rocket man himself, Sir Richard Branson is ready to reveal his new spaceship that will take you to outer space and will join us in his options action debut today. What a week its been, the best week for stocks in 2016, in the books. One of our guys says its time to fade the rally in one standout sector and lets get the money and find out what that is. Im going to pick it off with you, dan. Yeah. I have a hunch these guys will agree a little bit. Had a great rally in the market off o...
June 24, 2024
Welcome to squawk alley for a tuesday, jon fortt, Kayla Tausche and myself at post 9 along with investor jason who were going to check in with in just a moment. Some moderate chop as a pilot might say, dow is down about 97 points. Were going to get to jason in a second. First Morgan Brennan with some breaking news. Carl, thats right. Railroad headlines for you. Canadian pacific planning to abandon its proxy fight for Norfolk Southern according to dow jones, also mulling proxy revolutions to push...
June 24, 2024
Lets get right to it because the financials just posted their best day since november 30th, 2011. So is the rally in the banks signaling an all clear for the markets . Lets get into the money and find out. Dan, what do you say . I dont think so. Its obviously a very healthy rally. We saw it in the european banks and in the u. S. Banks and two pieces of news that caused it. And we started out morning with Deutsche Bank saying that they are going to buy back some bonds that have been, you know, so...
June 24, 2024
Anymore. It will be a different world than where we are today and where we are in 2013. He was also careful to offer up words of praise for apple. Take a listen to what he said on apple. No demons in this dispute or the larger dispute. Apple has been very cooperative. He was offered by one congressman the opportunity to repeat the government allegations this week. Its part of a larger marketing decision. Comey did not take that opportunity to understand what apple is about here in this debate. Y...