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June 24, 2024
From the new York Auto Show are coming to us. We talked to the chief executive of cadillac about his plans to compete with premium names like bmw and audi. Lets head straight to the markets where Bloombergs Julie Hyman has the latest. Julie stocks pulling back today, not huge declines, but it does mean we are now negative on the year. If you look at the yeartodate returns, we had that brief period of gains on the dow, we are still negative and the nasdaq more deeply in the red. It has consistent...
June 24, 2024
Session highs. Julie moving north but not much north. Not much change in the overall averages. It is indeed a better than it was earlier. It is an individual stock story today. I wanted to look at some of the biggest pushes and pulls that we are seeing. First of all, the stocks that are helping the s p 500. Jpmorgan rising for the second day, bank of America Rising despite the fact that earnings missed estimates as the company cut more expenses. Is sounds like the ceo willing to cut more costs i...
June 24, 2024
Were comments made by the mayor of london, Boris Johnson we will have to interrupt you. President obama and british Prime Minister David Cameron David Cameron live from london. Barack has been president more than seven years. I have been Prime Minister nearly 60 years. Our countries have been working together through some of the most troubled global times. We faced the aftermath of the banking crisis, they need to create jobs and our economies, new threats to our security from russia to the rise...
June 24, 2024
We are up around the highs of the session, with the nasdaq leading the gains today. Energylook at the imac, taking over the top spot. Care, thelth pfizerallergan deal being canceled, both of those stocks were up and we are seeing Ripple Effect speculation about where we could see further consolidation in the health care industries. Discretionary and tech stocks are trading higher as well. This is the energy portion of the equation. Weeks inventory reports showing an unexpected draw down in inven...
June 24, 2024
U. S. Trading day. Lets check in with julie hyman at the markets desk. This is not the outcome that most people would have expected in terms of the markets. When we saw the news there was no agreement in market. Stocks rising to the highs of the session, particularly the s p and the dow. I just looked at an intraday chart. Here you have the s p 500 and here you have oil prices. We have had some analysts coming that someicipating investors would want to buy the dip today. There is also news that ...
June 24, 2024
Been all of have these gyration in the markets and reaction to this jobs report. Its been puzzling in the wake of the report. It came in better than estimated. Some of the internals are mixed including the right taking up. By0 now its up three. Its been bouncing around in that range quite a bit as investors try to figure out what the feds next move is. We are still going into earnings season. They say thats going to be the next big catalyst. It is health care that is leading the gains at the mom...
June 24, 2024
Announce its new smaller iphone. The move comes one day before the apple and the sei meet in court. Lets head straight to the market desk where julie hyman has been keeping and i. Julie breaking economic data. An annual pace of 5. 0 8 million. It had the sales of previously down homes in 2007, coming at a threemonth low. Sales lower than the most pessimistic forecast in the survey of economists. It probably will not affect the large portion of trading. The company is coming out in making a numbe...
June 24, 2024
You are looking at a january to february increase of 2 . 3. 2 was what was forecast. The number itself was 2000 better than estimated. The mostetter than pessimistic estimates would have feared. Sales came inome below estimated. The fourth time in the last five months. All of that said, lets look at what is going on in the broader markets right now. Major averages seeing steeper declines than they did out of the gate this morning. It really is Energy Shares that have been weighing on the s p 500...
June 24, 2024
Interviews. Policymakers hold nothing back. I dont want to talk about brexit. Plus, we dont miss a beat as earnings season rolls on. It is all straight ahead on bloomberg best. Hello and welcome to im erik schatzker. This is bloomberg best. A weekly review of the most ,mportant Business News analysis, and interviews from Bloomberg Television around the world. Last week ended with high hopes that a meeting of Petroleum Producers in doha qatar would result in a deal to freeze output and bring stab...
June 24, 2024
All three major averages down with the nasdaq leading, now down by mother 1 . It all has to do with concern over global growth. And to rotation of the fed minutes. The upside is that maybe with dovish representation of the fed minutes. The averages are now may be giving up their gains or getting closer to it. The yen has really been the big market story of the day. It continues to push higher to its level since october 2014 versus the u. S. Dollar. 1. 0 108. We have to look at options trading on...