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July 16, 2024
The nasdaq outperforms amid stabilization. Concerned about the phase one trade deal as china tells state buyers to suspend orders of some u. S. Farm goods. Beijing Hong Kong Security law is straining. Shery a quick check of the markets. We are seeing u. S. Futures under a little bit of pressure, but this has we saw u. S. Stocks resilient. Markets chose to focus on positive signs of economic recovery during the regular session. We have the s p 500 at the highest since march. Gun makers rallying a...
July 16, 2024
We did just get the closing bell on u. S. Equities, which have been trying to break free of the range they have been in for some time. 2971 is where we are ending the day on the s p 500 the nasdaq indices up 2 on the day. 2 . Russell 2000 gaining energy, financials, and Communication Services leading the charge. Twitter among those names. And along to Analog Devices also with an interesting rise. Royal caribbean loses a little ground. Scarlet i want to jump in with breaking news. The regulator o...
July 16, 2024
An awesome day i wanted to get with you first so thanks so much. Youre very welcome look forward to talking in the future. David, well see you later. Thanks for that. Good morning welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan and jon fortt coming to you live from separate locations. Interesting price, but not dramatic, another alltime high on the ndx for a second day. S p really about 100 points from going green for the year vix below 25 the 10year yielding 0. 8 very busy morn...
July 16, 2024
Curbside pickup and businesses with limited person to person those can resume, including things like repair services and pet grooming. In Contra Costa County earlier this week Health Officials eased restrictions to a lot of small outdoor gatherings childcare libraries the curbside pickup. But today they added to the list Outdoor Dining is now ok with no more than 6 people at each table. Dog parks can operate as long as people wear masks and social distance, outdoor swimming pools can open overni...
July 16, 2024
York as u. S. Inventories declined. And coffee slumped on its return to trade. Unease there. Lets get you started with a quick check of the markets trading at the moment. We are seeing u. S. Futures opening slightly higher. This of course after the regular session saw the sapp 500 climb to a 10week high. We have optimism over reopening of different economies. Not so much in key retail earnings showing signs of resiliency, so we have those and target reporting sales that top the estimates. The sa...
July 16, 2024
Investors move out of tech into the cyclicals. On the day, there was a sharp leg lower because around 11 00, stocks up. 2 , now down. That came on the news the florida covid19 cases rose 2. 4 yesterday relative to the previous seven day average of 1. 6 . The fear everybody has around the idea that will these protests and a reopening in the United States because despite or second wave, perhaps improving i think their cases were little bit above yesterday. You can see the reaction in stocks at thi...
July 16, 2024
Focus with back in more job cuts in the wake of a record loss. Lets get you started with breaking news out of south korea. The Unemployment Rate for the month of may, coming in at 4. 5 , much higher than economists had expected. 392,000 jobs were lost in may from a year earlier. 4. 5 would be the highest level since 2001. This would be the adjusted jobless rate. We have seen losses of jobs when it comes to the hospitality, retail, and manufacturing sectors. Pressured because of weakness in globa...
July 16, 2024
The great is slowing rate is slowing in the u. S. The virus is not helping australia and if barley has become a new flashpoint. Shery lets see how asia is shaping up. Sophie after a choppy week for asian stocks with the msci aipac index snapping a twoweek advance, futures are mixed but mostly lower going into chinas npc. Japan as well as thailand are going to publish First Quarter gdp numbers. Japan may have fallen into a recession through the yen trading steady ahead of the Asset Managers stead...
July 16, 2024
Dollar is mostly higher against some of these currencies. The kiwi and the aussie which were the early outperformers seem to be also moving some ground. The aussie certainly has had a relentless rally. Take a look at what has been driving the sentiment here today. The likes of oil. After six straight weeks of gains, this rally seems to be taking a bit of a pause. You take a look at brent, still hovering around 42, 41. New york crude around 39. 52. We are watching the likes of the u. S. Tenyear. ...
July 16, 2024
Thats as much as 30 degrees cooler than where we have been so very much so we tend to look for to weather wise and im talking more about it still to come back to you guys love him. So the nation is slowly but surely coming together peacefully to mourn the death of george floyd in calling for an end to Police Brutality in fact we saw. Of wide ranging peaceful protests all across the bay area yesterday. You can see on your screen video from San Francisco from oakland from san mateo with thousands ...