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July 16, 2024
It is still up there, unchanged for now. President the suspended temporarily visas of hundreds of thousands of workers used to work in the united visas, including the h1b used widely for immigrant employees in Silicon Valley. First, a check of the markets. Ending the day slightly up despite all the political commotion. Abigail doolittle has been watching the back and forth. Investors again looking past the bad news. Why . Most part, they are looking past the bad news. Relatively risk on close. C...
July 16, 2024
Peter navarro meant to say on fox last night. There was a little confusion. I think that he was pretty definitive to say it was dead, the president was pretty definitive in saying the trade deal is on who would ever think that this would happen, good news out of europe, pmis are strong, they are inflating things in their economy like we are. I also think there might have been a short squeeze those of us who watched when navarro said what he said the market plummeted and i think overnight traders...
July 16, 2024
Essentially all groups i dont know if Charles Payne is still with us but we are looking at the coronavirus fear factor. 40000 in a single day. If you look at this, about 10 at this moment, this is the fear indicator where we are very nervous, you see stocks generate at the moment. Lets keep it on the level here, texas and florida either shutting down bars or banning alcohol to be served at bars and what is that doing . Its a little bit of fear here. The dow is suffering in outsized way as far as...
July 16, 2024
A significant chunk well into the millions, i dont want to give you a number because its going to be a guest but well into the millions. People who dont get to go back to their old job and in fact there may not be a job in the industry for them for some time, there eventually will be but there could be some years before we get back to those people finding jobs. Maria joining me now to talk about the economy and how to invest is a professor of finance of the school of university of pennsylvania j...
July 16, 2024
Was up by better than 5. 7 also watching whats been happening here with the treasury market in the United States. Keeping an eye on those things and youll see that right now at least it looks like a ten year is yielding 0. 689 just below that 0. 7 that we had the last couple of weeks. What was that i dont know. Im trying to explain this. I could make up a bunch of reasons. Because were reopening its the same thing over the weekend. New records were hitting the states where they were talking abou...
July 16, 2024
On a friday in june, this is a huge deal. For me, the headline of the week was qantas in australia delaying International Flights into october. Madame lagarde is on that calendar. Im sure what she is saying come and much of what we saw in the United Kingdom yesterday, is lets get to it and keep the fiscal stimulus pressure going. None of these people are standing aside and relaxing. They clearly seems to be the message. Francine 100 . If you look at the shift of a lot of the language of the Cent...
July 16, 2024
Apple have shut a number of Stores Across the country. Microsoft shutting all of its Retail Stores today. Joining us break it down is Abigail Doolittle who has been following all of the action by a rough day for stocks. This virus is really starting to weigh on investors. What do you see . Abigail stocks are lower in the selling pressure never relented. We have stocks responding to data as it comes out with the big drop on the data from the u. S. The nasdaq and s p down. Confirming the risk off,...
July 16, 2024
Celebrated the building of the 200th mile of border wall. An he hailed his administrations efforts in winning the fight against illegal immigration. My administration has done more than any administration in history to secure our southern border. Our borders never been more secure, other things that weve done. During the last two months, weve seen the lowest number of illegal border crossings in many years. Illegal immigration is down 84 from this time last year. Illegal crossings from Central A...
July 16, 2024
About the golden opportunity traders are spotting in the market, thats ahead we start with another big day for the market nasdaq posting another alltime high as coronavirus cases continue to climb and risks up we got the Economic News on the u. S. Front so guy, have we become enured to the rise in coronavirus. We got really good and really bad data i think the market seems to discount the bad it seems to get geeked up on the good, which weve seen over the years. To me its all about the liqu liqu...
July 16, 2024
The 10 year yield is seeing a flattening name put on. Crude oil, down 8. 7 . Dive intoa deeper what is going on. Mentiont to commodities. It is across the commodity complex. Copper futures are down. Grim Economic Outlook from the fed yesterday, plus a possible resurgence of the virus here in the u. S. You are seeing one commodity higher, that is gold. Up 8 10 of 1 . The dollar is also stronger here. A weaker dollar is a proxy for risk appetite. But the dollar is indeed gaining 8 10 of 1 . Invest...