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June 25, 2024
Three hours left in the trading session. The dow is down fractionally, 57 points down. 3m, verizon and chevron are your laggards. A couple of dow stocks are up, however, there is one massive move out there. Not in stocks. It is in gold. Gold is trading at a threemonth low, it is down 35 an ounce. As you might imagine, gold miners also getting wha inting they are deep in the red at this hour. Google unveiling a new phone at a product event under way in San Francisco. Google says the new phone cos...
June 24, 2024
I am Francine Lacqua. Lets get straight to the markets. That is where revenues coming from. For the first time in a long time, were going to start with currencies. 14. Pound below sayingchanges investors whatever happens, the pound will go lower. The stoxx 600 down 1 . I want to show you eurodollar as well. The ecb will have to consider going into more negative territory. Well get you oil and the right price very shortly. I think that may be copper. Lets get onto copper because this is where we ...
June 24, 2024
We have a busy day ahead of us. We have some great guests. The mood in the markets is often haven assets. Tom we see some weakness across all. I love the guests we have. To dive into productivity. We are doing around the world in 120 minutes. Thanks very much. The European Union is getting closer to a deal with turkey to stop the flow of migrants. Jacked up thehey price at the last moment. The turkish government wants to double the Financial Aid to more than 6 billion. Turkey made the most serio...
June 24, 2024
Lets quickly check on the markets. We have the boj not doing much, and you can argue it was a lot more hawkish. This was taken tin stride by the markets, yen higher, brent crude above 47, something we touched yesterday, a level we havent seen since september. This is the picture for Deutsche Bank, gaining 3. 3 . Wet me just take off with seem to be putting a member on what the scandal cost. First, lets get to the bloomberg first word news with nejra cehic. Nejra thanks. The yen has surged after ...
June 24, 2024
Do you know how you can tell . You look at pictures all weekend and they will let you know. No, im not talking about netflix. Man, did i want to watch kwoh of cards while is wife is away. Im talking about the stocks Standard Poors sends me every weekend. I look for trends. Fabulouslooking charts filled with pulchritude, probably worth 34 on the s. A. T. And whats working after this rally in the stock market. I count six groups in outside bull market mode where i would be a buyer right here [ buy...
June 24, 2024
Declined 1. 3 , nasdaq up. 4 . Do you know how you can tell . You look at pictures all weekend and they will let you know. No, im not talking about netflix. Man, did i want to watch house of cards while is wife is away. Im talking about the stocks Standard Poors sends me every weekend. I look for trends. Fabulouslooking charts filled with pulchritude, probably worth 34 on the s. A. T. And whats working after this rally in the stock market. I count six groups in outside bull market mode where i w...
June 24, 2024
Bull market mode where i would be a buyer right here buy, buy, buyand a bigger buyer on any marketwide pull back barring some shocker [ buzzing ] from the fed on wednesday saying it is time to raise rates. What are the terrific six . Not the thirty dozen or the hateful eight. It has to work. Lets start with the predominant group, the utilities. It doesnt matter which you buy. They are all on the run from the best ones American Electric power con ed, dominion to first energy or ones that never sh...
June 23, 2024
The moment, cac 40 down, ftse off by just under 2 10 of 1 , still waiting for the dax to open. We are not seeing that optimism we were seeing in the markets yesterday at the moment. I want to show you the main stocks we are watching, starting with siemens. Fourthquarter profit was a beat, and what we heard is that the company will raise the dividend, also announcing its second Share Buyback since the ceo took the helm two years ago, as he expects no broken 2016 Profit Margins. Rollsroyce we aren...
June 23, 2024
Exchange. Were watching ecb president mario draghi here on Worldwide Exchange. Lets listen back in. The final figure was actually lower. And this certainly contributed to restoring confidence in the markets. At that point, when the confidence was just returning, the ecb was of the view that he would have been highly disru disruptive to have 4 billion after it had already before. It would have been highly disruptive. In other words, the cost would not offset the benefits. This was the view. And l...
June 23, 2024
Thats right. It turns out the Federal Reserve is pretty darn worried about faltering Global Growth and its impact on the u. S. When it met last month. It wasnt about to pull the trigger on a higher fed fund rate. And when we found out about how pragmatic the fed was about whether to raise rates or not, the september minutes were released after 2 00 today, you could almost here the collective sigh of relief. And then the rush to buy stocks dow gaining 138 points. S p jumping 0. 88 . Nasdaq is als...