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June 21, 2024
Expected. A bit of a poll back from where we were in the service industries. 56. 2. The thing you want to see is growth in new orders. They are still strong. Not where they were. They had grown to 55. 4. For fridays jobs report, an encouraging sign. It looks like the Manufacturing Sector is holding. The Service Industry sector is holding. The was economy is a bright spot in the world. The u. S. Economy is a bright spot in the world. Glitzy of this somewhat positive news helped the market find so...
June 21, 2024
Growth in g. D. P. For the u. S. In more than a decade, since 2003. Will that spill over to the rest of the Global Economy . Next year, dow jones, hitting 18,000 points. A record high. Stocks have been rallying since the middle of last week, since the Federal Reserve said dont worry about it. Well keep Interest Rates near zero for at least the first quarter. All of this good news could get tongues wagging in terms of Interest Rates will come down. Coming off that high dollar index. It has been a...
June 21, 2024
Imports plunged almost 20 on falling Commodity Prices and week domestic demand. Hello. Welcome to countdown. Also coming up today, australias Prime Minister with a threat to his leadership. Will it be tougher for tony abbott to address his countrys weakest economy in a generation . We start with our bloomberg exclusive this morning. The governor of the central bank of russia has told this channel that russia will not inflate its way out of the financial crisis. In her first ever interview with a...
June 21, 2024
Ukrai ukraine. There is a lot of back and forth between these two companies. Hell join us at the end of the hour. Wouldnt want to minimize clearly whats happening over there but certainly at this point at least its had a minimal effect on the market. Even though it has made investors nervous, it has had an overwhelming effect. People, quite frankly, arent here. Theyre heading on to vacation. Do you know how your funding is doing this year against its benchmark . Any one whos given Fund Managers ...
June 21, 2024
Present move. That is clear. Whether or not it will suffice to get inflation which would be satisfactory is another story. Markets are betting that mario draghi will announce a Bond Buying Program next week at the ecb meeting. Another rally in oil and a did not last long. It rose on a 6 after relative strengthening. It was oils biggest increase in 2. 5 years. Today, prices have fallen almost 2 . West texas intermediate is trading under 48 a barrel. While bright for blackberry investors. Shares f...
June 21, 2024
And the french government says it is honorable and they should get on to growth. Weve been having manufacturing pmi data out this morning from the likes of france, germany and italy all disappointing. 4 4 it was forecast at 50. 8 and its come in at 50. 6. So a little less than was expected. 50. 6 is that number. A fourmonth low with the manufacturing number and as far as the french numbers, too. Indeed. And that is contrasting to ireland. Slightly lower than the number did come in at 53. 8 marki...
June 21, 2024
If you own and are hunting and looking to buy . And this was buffalo, where is it, buffalo, just a few days ago. All that snow has turned into this. A mess theres flooding throughout the area. The snow is melting. The rains are coming and now another major weather system is heading to the east. It could be enough to really hit right around thanksgiving weekend. First, well check in with sue at the new york stock exchange. Stocks are struggling for gains in todays trading session. The nasdaq has ...
June 21, 2024
Avoiding the energy space. Its definitely a time to hook energy. Any business with the price of your only product goes down by 55 in six months its going to cause it but probably not for us. The economy is facing a 45 billion hit if oil prices average 50 adding that its likely moscow will be downgraded to junk status. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. Italy in focus with italian inflation data coming out. Coming in at 0. 0 for the month of decem...
June 21, 2024
Hour. If youre a regular viewer, you would know that. Well take you all the way to the close. Middle of the range so far in todays trade so far. You heard the brain trust. Pimco. You folks were having that last hour exclusively here on cnbc. Did they convince investors to stop pulling their money out of pimco in the wake of that shocking sudden departure of bill gross last week . Two Money Managers with skin in the game will tell us what theyre doing now. Thats coming up. A first on cnbc intervi...
June 21, 2024
Yesterday. Oil Services Provider cut in half today down more than 50 . And the implications of why this stock is tanking may be much bigger than just this company. Right . Thats for sure bill. You can read about the man camps that they have built. The big activist investors, the fact they have wanted to be a reit and didnt happen. Perhaps a tax inversion candidate. That didnt happen. Touches on themes of 2014. Most notably, the drop in oil. Coming up another twist in the sony hacking saga. Now, ...