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June 20, 2024
Connell that is the big story of this Government Shutdown. We will have Speaker Boehner and the rest any minute from capitol hill. The microphones without anybody behind them. We will see what they have to say about the plans. Dagen bob shiller just won a nobel prize for economics. Studied how basically longer run markets are less efficient, ow people are riskaverse, how optimism and pessimism affects the market. How what is happening washington changed our optimism. Connell and it is fun to hav...
June 20, 2024
Progress. We are not there yet, but tremendous progress, and everyone just needs to be patient. Perhaps tomorrow will be a bright day. Were not there yet. We hope it will be. Let me echo the remarks of the majority leader. Weve had a good day, had a good day yesterday, had another good day today. I think its safe to say weve made substantial progress. That rare display of bipartisan harmony. The very latest pronouncement from reid and mcconnell about negotiations came just about 90 minutes ago. ...
June 20, 2024
To bring in transportation. We have c 130s coming in. Authorities say that at least 2 Million People are affected in 41 provinces. We will have more from a live report from the ground. In the meantime, lets send it over to andrew. He has this mornings top stories. Good morning, becky. Thauchk. We have some corporate headlines this morning. Avardis is selling its blood testing units for 1. 75 billion. Its a very busy market for health care deals. Also shire has agreed to buy viro viropharma. The ...
June 20, 2024
With jamie dimon on the street. Its his only reaction so far to morgans tentative settlement with the u. S. Government. First, though, welcome back. Sue at the nyse. Thanks. Its great to be back and great to see you. A little bit of Downside Pressure in the stock markets. Not much, though. The Dow Jones Industrial average just moved into the green. We were down 3 1 2 points when i got down here to the nyse. S p is just up under a point on the trading session and the nasdaq is the strongest with ...
June 20, 2024
Just before the fourth of july. Our road map begins with jpmorgan this morning. The banks set to pay pay recordbreaking 13 billion Justice Department fine to settle lawsuits at the height of the financial crisis. The markets pointing to a mixed open after the s p closes to an alltime record high as they wave some better than expected earnings against some budget uncertainty. The stock falling in the premarket as global sales fall in sim september. Starbucks in hot water after being accused of ch...
June 20, 2024
112 points, 0. 75 of 1 . Nasdaq picking up steam at 3952. And s p 500, a new alltime high for the Standard Poors of 1771, just under 1772, with a gain of about 10 points. Another day, another record for the s p. The dow also hitting a milestone of its own. Bob pisani running through the numbers. Green on wall street today, ahead of the twoday meeting, bob. Yeah. We just hit the closing record high for the dow. 15,676, thats what we had to get over. Put the board up. We made it by four points. Al...
June 20, 2024
Strong rally today. We punched through the previous high on the s p, as you mentioned, up 1850, and we continue to make gains. Bob pisani is with me. This is health care, energy and then some. Thats right. Its really across the board rally. People keep writing in, why are we up 200 points. The answer is theres no fundamental reason why we would be up 200 points. Its a technical rally. Put up the s p 500. We started hitting intraday historic highs on the dow right after the open about 9 45. 1848 ...
June 20, 2024
Billiondollar bracket offer a little bit later. Are you playing in this . Are we allowed to play . Yeah, we are allowed to play, i think. Because i signed up. Im in, baby. Youre in . You can sign up until the 20th. If i win the billion, im buying a massive evaluation. Ill pay you 100 times. I know some people and we can work something out. You and me. Well buy county carrie. I like that. The people of crimea vote to secede from ukraine and join russia. The u. S. Warns of sanctions and the market...
June 20, 2024
As for earnings central, mcdonalds results will be in the spotlight. 8 00 well expect those numbers. It will be a busy week on the economic front. A number of key numbers. The september jobs report. Thats right, on tuesday we get that jobs report we were supposed to get a couple of weeks ago on a friday. Also, well get last months Consumer Price index and then september cpi on wednesday. Our economic newsmaker of the morning on squawk box, Charlie Evans will be joining steve leaseman in a cnbc e...
June 20, 2024
Jims alma mater harvard set to face cincinnati. So far, it looks as though stocks will open to the upside, as markets appear to be taking in stride crimeas vote in favor of leaving ukraine and joining russia, this comes after a week in which the dow had its first fiveday monday through friday loss since may 2012. Jim, good to see you. Good to see you. Referendum dominating the news flow over the weekend. U. S. Says under no circumstances is it going to recognize that. What does it mean for the m...