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June 19, 2024
You could have lacrosse down there. A canadian tycoon bought the place. It cost 55 billion to build. He got it for a half million dollars. He wanted to put a casino in there. Voters said no to that. Pontiacs formerly 55 million silverdome right now. Look at that. Over the past week, windstorms have shredded the silverdomes inflatable roof so the weather comes right in. Do not worry, the owner says they were going to build a new roof anyway. This is not really the diss ter looks like. A very, ver...
June 19, 2024
Also sac is firing back at the u. S. Government. The wall street journal reports the firm sent a memo to all employees with a rebuttal to allegations that steven cohen failed to take proper steps to prevent Insider Trading. Sac says that evidence shows that cohen didnt read the email at the center of the allegations. That email in question is from august of 2008. The s. E. C. Says it reflected, quote, clear possibility that information about upcoming dell earnings was improperly obtained. The go...
June 19, 2024
Were going to take you into one of the coolest town houses in all of manhattan. And we tour a house with aquariums for walls. Plus, we visit the home of interior designer Michael Richmond. First, an exquisite estate in Beverly Hills, which showcases a lifestyle from a bygone era. [captioning made possible by nbc universal] welcome to open house. Today, im coming to you from an apartment atop the w new york hotel, located in manhattans financial district. This home offers pleasing and opened use ...
June 19, 2024
This mornings headliner citigroup. Well have analysts looking to earn 1. 17 on revenue of 19. 7 billion. For now im going to send it over to our good friend, michelle. Michelle . In global news china is the big story today. The economy there slowing further in the latest quarter. Second quarter gdp grew by 7. 5 down from 7. 7 in the previous quarter. But in line with the average and a list forecast. Meantime chinas implied oil demand rebounded in june to the highest level in four months. Among t...
June 19, 2024
Thursday. More on that in a while. One of the biggest banks in the country, citi sha rising in the premarket after beating analy analysts estimates on the top and bottom line. All of the next moves from the financial giant. Chinas Economic Growth slows, as expected but the Industrial Production numbers came short of expectations. Strong auto sales helping boost retail sales last month. As prices rise, what happens to consumer and the retail stocks. Leap wireless up 100 after at t inks a deal to ...
June 19, 2024
Nyse. Thank you very much for having me. Lets start with the nervous side of that trade. Those retail sales figures which will disappoint so many people. Lets bring in steve liesman, our senior economics reporter. Steve, this is a huge disappointman after weve tried to get this economy going for so long. I think thats right, and i think when you put it in context, simon, what were talking about is two of the last three quarters look like they are on track to have been below 1 . Guys, we just cal...
June 19, 2024
Spending, and auto sales. And then finally on friday, we get that big july nonfarm payrolls report. Economists are looking for about 184,000 jobs to have been added for the month. Meantime, the Unemployment Rate is expected to fall to 7. 5 . But joe, its going to be really interesting watching a lousy gdp number, probably a good jobs number and seeing how the tenyear reacts to each of those numbers. How do we know about the jobs number . Were ready for a bad one. You think it will be good becaus...
June 19, 2024
Todays statement looked very much like the last statement. After that statement came out, money did move into stocks. Even though we know weve got some stocks for sale going into the final hour, we are we are pretty strong and in record territory in the s p 500. And for the dow as well. And for the Dow Jones Industrials. So this would be the secondbest month of the year if you like that. To stay tuned. All kinds of statistics to throw at you like that. Real good stuff. For more on how the fed ha...
June 19, 2024
Professor of politics and affairs at princeton and the former policy planner for obama state department. Joe sestak from pennsylvania, three star admiral for the Clinton National Security Council and former speech writer for condoleezza rice. The defining moment of tuesday nights president ial debate came between president obama and mitt romney on last months attack in benghazi, libya. The issue was seen as a slam dunk for romney, but quickly turned into a political disaster. The day after the a...
June 19, 2024
We also have a packed agenda today. 8 30 eastern time. June cpi. Economists are looking for the headline number to rise by. 4. Among other reports to watch today, Industrial Production. Thats up at 9 15 a. M. The nationality association of Home Builders survey at 10 00 a. M. Our market newsmaker of the morning, squawk master Mohamed El Erian will join us. We have a lot to talk to him about. Beyond the data, the other big economic story of the week, fed chairman ben bernanke heading to capitol hi...