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June 25, 2024
I can tell you we will do everything we can to honor number 48. We will honor as best as we can the smile, we willor cherish ths boy. It is homecoming week at Euclid High School, and we are told the game will be played as scheduled on friday. Bill and tracy, there will also be a moment of silence and a balloon release before the game. Horribly sad. Just so young. Jack, thank you. Concerned parents looking r whyto it took nearly three hours for their children to get home from school friday. Peggy...
June 24, 2024
To raise rates it could increase in inflation. He doesnt conclude that would happen but we need to think about that. He repeats kind of the normal argue amount for raising rates and says f1 policy remains extreme and inflation is close to target. Not strictly endorsing but saying thats the normal argument for why rates should be normalized. Former Federal Reserve chairman ben bernanke out with a blog about negative Interest Rates and says the fed is not out of ammunition but there are signs Mone...
June 20, 2024
Congress will raise the debt ceiling by the october 17th deadline. Monday the dow fell 137 points the nasdaq lost 38 and the s p 15. Gold added 13 dollars and oil lost 71 cents. Treasury secretary jack lew is scheduled to testify on capitol hill thursday about the dangers of failing to increase the debt limit so the nation can pay its bills. And the madoff 5 go on trial today. The are 5 employees who worked in the Bernie Madoffs inner circle but are pleading not guilty some claim they were unawa...
June 20, 2024
Middle of a partisan partial Government Shutdown. Chicago congressman mike quigley on the phone with us as the drama unfolded. Cong. Mike quigley d 5th district when the passions are as high as they are; the intensity of, uh, the communication that we get from people is much, much higher and its a cause of concern. as we have been reporting, no shots were fired by the driver. No weapon was found in her car. And its worth noting the Capitol Police who dealt with this are victims of the partial sh...
June 20, 2024
Right now and thats what the markets rallying on at the moment. Pore sure. Were focused on reopening of the government. Market continuing to see flows into stocks. Take a look at investors cannot take this weekend off. What happens at the white house between president s and republicans could determine what happens when that bell rings monday morning. If the deal goes sideways, so could this market. Well be talking with republican buck mckeon, who was in the room with the president when the talks...
June 20, 2024
Helped the group overall. It was the biggest jump we had seen increase in over 33 years, however you are seeing pulling back. Kb homes within a barrel. People buy between now and spring because that is the hot season. Adam Nicole Petallides, thank you very much. Wall streets fear gauge is still gaining ground. In the pits of the cme. A whole lot to talk about. On track trifold largest streakf gains since last year. Phil you consider a market that had no fear. Stocks are going up, the vexed at a ...
June 20, 2024
Dollars the oil dropping by 2. 01. Potbelly shares were up after the close on its on first earnings report. Shares shot up 5 after topping estimates. Starbucks owes kraft 2. 2 billion after the coffee chain ended its Grocery Store deal early. Bloomberg news reports j j will spending 4 billion dollars to settle more than 7,500 lawsuits over its recalled hip implants that allegedly caused tissue damage. Jim richter of Performance Trust joins us on this wednesday morning for a close look at the bon...
June 20, 2024
3, but the s p just managed to make a record day when a gain of 2 points. Gold and oil remained near the flatline. Apple fails to impress wall street. After the close last night the tech giant reported earnings that topped analyst targets but profits from sales of iphones and ipads were not as robust as what analysts wanted. Shares dropped about two dollars. Retailer michael kors is set to join the s p 500 friday night. Shares rose 3 dollar after the close on the news. Gas prices hit the lowest ...
June 20, 2024
Falling 9 points. The commodities fell as well. Gold was down 10 and oil 1. 22. A jury says bank of america is liable for countrywide mortgage fraud. The department of justice called countrywide into quesiton for selling shoddy loans in a program called hustle. Countrywide was a unit of bofa. And t moble is dropping contracts on tablets and instead selling the devices through monthly installments. Todd horwitz of average joe options joins us now. We had a selloff in the market yesterday . Will t...
June 20, 2024
Ukraine. But stronger than expected ism Services Number lifted the mood on wall street. The dow gained 18, the s p 4 trading near a record high and the nasdaq 14. With apple closing above 600 for the First Time Since 2012. Gold is above 1300 per ounce and oil below 100 per barrel. Another high ranking engineer is leaving gm. It follows the delayed recall of small cars with shakey ignition switches. Coke drops the controversial ingredient brominated Vegetable Oil from its drinks. In our trader ta...