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June 19, 2024
Lots of red on wall street today. Like you said, the wall street closed down 318 points. Good enough for a 2 decline. Same measures of decline on the s p 500 and nasdaq composite. Among the hardesthit sectors were the cyclical stock, the stocks that have the most sensitivities to the ups and downs of the Bigger Picture economy. Material stocks, industrial stocks, financial stocks all fell and they fell by over 3. 5 for the week and that helped send one measure of stock market volatility soaring....
June 19, 2024
It was about a mile and a half away. G. M. s ceo getting mobbed and i mean literally mobbed by reporters last night. ,he had just finished speaking and whenever she stepped in front of a microphone these days, questions fly regarding g. M. s recent recall of those that ignition switches linked to 13 debts. In the last five years, weve made many important and meaningful steps at gm to change the companys culture. Our focus is no longer on survival. We are even more focused on quality, safety, and...
June 19, 2024
I am not sure that bernanke will discuss the topic. Looking at both fedex and General Mills. Fedex has been a great performer. They have done maintenance on the planes. That has also cut down on the prices. We are seeing General Mills under pressure while fedex is hitting new highs. Lori thank you, nicole. Adam we are just an hour away from the latest decision from the central bank. Lori will they, or wont they when it comes to tapering . Peter most of the Analysts Expect them to do a soft launc...
June 19, 2024
Im so thrilled to get a chance to do the pulse with you. This is fantastic. We have you today on such a big day for the show. It is decision day for the bank. Youll be breaking down what the g7 means. We have a rash of exclusive guests. We have the c. E. O. Of the institute of International Finance. He is going to be joining us shortly. Another live exclusive coming up with ryan. First lets get straight to our top story. The world is watching the e. C. B. In a few hours draghi will deliver run o...
June 19, 2024
We are live from bloombergs European Headquarters in london. Literally, elon musk unveiling his latest space age creation. We will talk about that a little bit later. Speaking of big numbers, a slamdunk for Steve Ballmer, maybe. His 2 billion offer for the l. A. Clippers. That is a Basketball Team if you didnt know. We begin with bnp paribas. Shares sliding today. Frances biggest bank facing the largest criminal fine in u. S. History. Authorities are seeking more than 10 billion over sanctions v...
June 19, 2024
Potter. In normandy ass the specter of ukraine hangs over the g7 meetings and the dday anniversary. We begin with matt miller and mary barra planning internal incompetence and negligence for the delayed recall. Addressingra today gms 200,000 employees in a town hall style meeting, public rebroadcast as well, saying she and her team had read the 300page report from an independent investigator hired by the company, the same one that help to deal with the bankruptcy of lehman brothers. As a result,...
June 19, 2024
Decision and economists not forecasting a change. Mike mckee our chief economic correspondent will be focused on the 8 30 a. M. Press conference with mario draghi where there is a lot to talk about. Including the possibility of a fed tabor here and what it could mean for rates rising in europe as well. A lot of Economic Data in the u. S. 7 30 a. M. , challenger job lot job cuts, then initial jobless claims of gdp and then bloomberg and Bloomberg Consumer convert and then factory orders and then ...
June 19, 2024
Cocacola and Johnson Johnson. Interesting to see what they do. Coke earnings expected down four percent this year. The last time you drink . I generally dont drink soda. Thats the problem. No sugar. Whistle pig or ginger rail. Or his espresso in the morning. Espresso hour, a double. After your the bell we have yahoo and intel. And we will be joined by peter or zach, former budget director, king about all things tech tax. Andniversary of the boston bombings. We will go inside a new technology tha...
June 19, 2024
Kind of inflation . Willet temper the view from the bank of japan in terms of their ability to deliver more stimulus to bring the yen lower. Prices rise for the 15th month in a row according to home craft. Confidence is rising here. We have a positive number in the gf k index. For the First Time Since 2005. That surely cant go without note. Smith and nephew were a big play yesterday. Spanish and to get italian inflation data today. Another break in the war of the dissipation story around europe....
June 19, 2024
The yield us up at i think 2. 73 , 2. 74 . In europe now the major averages are all higher as well. See right now that the cac is up in franch by 1. 8 . J nermny the dax higher by 2. 2 . Ftse up by better than 1 as well. A lot of green arrows as we begin things on this monday. Andrew, over to you. Hey, beck. Nice way to start the week off. As joe was mentioning that little bit of news this morning, Thompson Reuters now saying its going to be suspending the Early Release of its Reuters University...