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July 16, 2024
Our road map begins with the earnings deluge. The busiest day yet with 3m, comcast, dow crossing the tape plus, tesla shares tanking this morning despite record deliveries of its electric cars. The automaker did report a larger than expected loss. And max pressures southwest shares falling sharply ahead of the bell. Loves gary kelly will join us exclusively this hour. Stocks set to make new record highs with two big movers today. Tesla, a larger than expected loss for q2 margins down despite rec...
July 3, 2024
Microsoft after the bell. First check on the markets. Dow up 300. Gains for the year pretty much flat, which is the outlier given the other indices. S p holding 4250. We have some decent guidance from old line industrials. That plus rates stabilizing adding to a pretty good picture. After five straight down days on the s p. Yields are up a little bit. Were below the 5 on 10year and guidance on Kimberly Clark and that es are companies that get hit by the strong dollar, which theyre absorbing. Let...
June 30, 2024
Our road map begins with the global stock rally, rolling on dow 25,000 within striking distance that winter storm crippling the eastern u. S. Thousands of flights have been canceled and shares of macys are in focus, as the retailer announces some fresh store closures. We are close to a major milestone on the street. The dow is within 78 points of 25k. Thats a day after another recordsetting session for stocks this would be the fastest thousandpoint surge in history. We know about the law of larg...
June 29, 2024
2007, down as you can see there 8. 5 for the shanghai composite. Everything else was pretty much read across the board. While prices are now in a bear slump. They are in a bear market. Particular for brent crude, which is rebounding if you look at the six month chart. Bathroom we offer a moment. Pimm what are we talking about . 40 a barrel for crude . Commodities tend to follow. Brent crude is 53. Gold, while a little increased, that is not biting well for gold. Thus boding well for gold. Let us...
June 29, 2024
In beijing europe is weak and claims a little higher than expected. The twoyear is at a nineyear high our road map begins with retail movers macys and kohls moving in different direction. Plus, more media m a intrigue the future of at t and time warners deal is in question as the department of justice asks for changes and the two sides may end up in court. And futures are slipping. Markets are awaiting more on tax reform today, as we digest a number of earnings movers. So lets kick it off with j...
June 28, 2024
The final president ial debate before those key elections on sunday is starting about now, and we will tell you whats at stake for the euro and your Global Investments coming up. Meanwhile, forget sign also of economic weakness. Federal reserve looks like it is on track for another rate hike in june. Naels according to the statement they put out just an hour ago. We will have more on how the market is reacting coming up. Plus this afternoon it is all about Mark Zuckerberg and elon musk. Their tw...
June 28, 2024
Obviously coming to you this evening from the new york stock exchange, where traders spent most of this day just riveted by washington, werent we all. Wall street did not appear too concerned about what the former director of the fbi told lawmakers. In fact towards the end of james comeys testimony on the russia investigation, the dow actually hit a record high before pulling back. The nasdaq did close at one today. Many investors do not think the hearing produced a smoking gun that could harm t...
June 28, 2024
Launched an icbm for the first time. President trump tweeted that perhaps china would end this nonsense once and for all. And china willia be meeting. Chinas official news agency, trade between 33 inand china raised the first five months of the year. Further questions about Donald Trumps travel ban. The state of hawaii is challenging the enforcement of the order. They asked a federal judge to deny. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 co...
June 28, 2024
10 billion a month, ramping that up to 50 billion a month in quarterly increments. They could not agree. Several Committee Members favored starting in a couple of months. That. Preferred to do for er that. Fer to def it could be argued that some of the dots would prefer to get more time before taking any action related to the Balance Sheet. Some of the doves would prefer. More hawkish members may prefer to move ahead with another Interest Rate increase before the Balance Sheet is taken on next. ...
June 28, 2024
10 billion a month, ramping that up to 50 billion a month in quarterly increments. They could not agree. Several Committee Members favored starting in a couple of months. That. Preferred to do for er that. Fer to def it could be argued that some of the dots would prefer to get more time before taking any action related to the Balance Sheet. Some of the doves would prefer. More hawkish members may prefer to move ahead with another Interest Rate increase before the Balance Sheet is taken on next. ...