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June 19, 2024
Atlantic yards complex. Oakland has changed a lot since i lived there. Hes helped to build the tallest occupied tower. Good to have you here. And i come back home to new york, im always mad the city has changed so much. Heres the man to blame. Its always a party when bruce is here. About one hour away from the closing bell today. What a market it has been. The fed coming out thomas thing they will continue to taper, reducing the Bond Buying Program by another 10 billion to 65 billion a month. Yo...
June 19, 2024
Drug maker pfizer has just authorized a new 11 billion Share Buyback program in addition to the 1 billion remaining on the companys buyback plan. Their sales have been declining since 2011. They blame generic drugs for stealing sales from block busters like lipitor and viagra. Streaming Radio Service pandora said sales rose and revenue from mobile grew 52 . Listener hours were up and the companys active listener base grew more than 5 . Still, their forecast for the Current Quarter is short of es...
June 19, 2024
Corporations, from the higher rates and the improving economy with more jobs. More people paying into the treasury. And the governments expenses were down 3 for the period as it continues, among other things, to operate under the sequester spending cuts. Melissa, back to you. Melissa peter, thanks so much. Lets take a look how the markets are reacting to all this news as we said. Were having a pretty mellow day in the markets versus what weve seen past four days. The big surge. The dow is read d...
June 19, 2024
Stretched, as she put it in her semiannual report to congress. It was probably more specific than any fed chair has ever been about targeted groups of stocks, and it certainly caught wall street and investors by surprise. Well have much more on ms. Yellen with analysis and views you will not find anywhere else, coming up here. Now, despite yellens warning, overall, the markets still on the cusp of new highs today. The dow only needs to gain 13 points to close to be a new record. Were above the 1...
June 19, 2024
And our very own Dennis Kneale. Are you surprised they came up to the edge of this deadline and looked over at and said maybe we ll talk about it for three more hours before we put everybody in the dark . Oth partiesre realizing what is at stake here. You have to be concerned of a potential backlash not just from consumers but from washington if the parties were to go dark on each other. We have seen this movie several times before. The second half of last year between directv and viacom, in bot...
June 19, 2024
And our very own Dennis Kneale. Are you surprised they came up to the edge of this deadline and looked over at and said maybe we will talk about it for three more hours before we put everybody in the dark . Both parties are realizing what is at stake here. You have to be concerned of a potential backlash not just from consumers but from washington if the parties were to go dark on each other. We have seen this movie several times before. The second half of last year between directv and viacom, i...
June 17, 2024
Absolutely true. Stocks did overcome a flat and maybe even downish open. That pushed the blue chip dow index. Quite a streak. The dow added 50 points to close up 14. 447. And the s p 500 rose five points. It is less than ten points away from its own record close. More than half of all americans are invested in stocks and bonds with most of that money in Retirement Savings plans. With the s p 500 closing in on its own, many of us are following the markets more closely than ever, retooling our acc...
June 17, 2024
But cant find a good alternative. Moved half from equities to money market. Got a bad feeling. But it was countered, adding more risk as long as big ben is here, so am i. Advisors are being bombarded with questions about where to go from here. Its not about timing the market. Its about time in the market. In the meantime its de ja vu all over again. Back to the days when checking your 401k was something you looked forward to rather than dreaded. Well the rise in stocks may have Many Americans fe...
June 17, 2024
And yet the economy still grew. That kind of proves the point, doesnt it. You cut spending and do well. Stuart is in the right. He made monicas point in the point everyone has been saying. That think he wanted to brag, but he put himself in a box. Some of this is happening, why stop the trend . Continue Less Government spending and that the economy grow. Venturi the cbo report. I think we are on to something. Stuart and the worst of what he is saying, not saying explicitly , the sequester is goo...
June 17, 2024
But cant find a good alternative. Moved half from equities to money market. Got a bad feeling. But it was countered, adding more risk as long as big ben is here, so am i. Advisors are being bombarded with questions about where to go from here. Its not about timing the market. Its about time in the market. In the meantime its de ja vu all over again. Back to the days when checking your 401k was something you looked forward to rather than dreaded. Well the rise in stocks may have Many Americans fe...