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June 27, 2024
Want to see, growth domestic product, goods and service, expanded at an annual rate of 2. 1 in the final three months of last year. That was a slight improvement from the previous estimate, not enough to change growth for all of last year, which came in at just 1. 6 . While gdp and other Economic Data are meddling along, indicators that measure optimism are soaring, consumer confidence, just the other day, we told you that it stands at the highest level since all the way back in 2000. Theres mar...
June 26, 2024
Government solution, the public option and medicare buyin. Rather vague. 13 days till the vote. Thats politics and how about money . Stocks are going down and another decline in iphone sales, a slight drop in profit margin. Still the most valuable company in the world. Is it now a glorified utility, milking steve jobs iphone legacy . Politics and money, thats what we do. Varney company is about to begin. Well, where are we going in approximately 28 minutes time . Weve headed south for the big bo...
June 25, 2024
That interconnected world represents. Its also important in these discussions to find ways in which we are expanding and broadening the benefits of that interconnection to more and more people. Thats what so many of you are doing. We are gathered here at stanford in the heart of silicon valley, one of the great hubs of innovation and a partnership for the world. This is a place that celebrates our ability as human beings to ,iscover and learn and to build to question, to reimagine, to create new...
June 25, 2024
Headquarters in hong kong. Happy friday. Lets go straight to markets. Koreaut. 1 , lets go to to the kospi. Hours, we sawthe it showed little bit of an upside. Up about. 1 . And of course, japan, we got a data dump in the last hour. We will talk about that in just a couple moments. Stocks heading south here at the start of the open. About. 5 toyen 104. 8. So lets head back to japan now. It disappointing data. They broke those figures for us. There is speculation about what this really means. The...
June 25, 2024
The bombaydo down as well. Also look at crude. Wti falling to 49. 77. And the battle for the white house is front and center this morning. President obama officially endorsing, surprise, surprise, Hillary Clinton for president as did Vice President joe biden. Senator Elizabeth Warren doing the same and didnt take long for gop candidate donald trump to respond. Trump tweeting obama just endorsed crooked hillary. He wants four more years of obama but nobody else does. Clinton fired back with a twe...
June 25, 2024
Major auto dealer. Energy is one of the biggest losers with oil falling again. Its entering bear market territory. Well talk what impact this could have on the broad market coming up. Plus this is very interesting, the ceo of one of the hottest and most anticipated biotech ipos of the year, the company is looking to take on genetic diseases with its so called Gene Editing Technology. Well talk with the ceo coming up. After the bell its all those earnings you mentioned, alphabet, amazon, well bri...
June 25, 2024
Cousin will mama and Danny Blanchflower. I mentioned the risk on rally that we have seen, yes, it is sustainable but not when it comes to dollaryen. Jonathan futures positive for tents. Dax, the ftse 600 up. The bloomberg dollar index is down about 2 10 of 1 . Dollaryen on the back of the but thinly we rolled over, unchanged on the session. Market,ook at the bond twoyear yields up for basis points in japan at the frontend. They did not cut rates, they left them at 0. 1 0. 1 . Is moving away to t...
June 24, 2024
Change in the stock price is bigger than the stock price itself. Its bringing down the entire Biotech Sector but the real warning sign for this company may not be in the stock move itself. Well explain that coming up in a minute. Well known tech investor it feels like that but its warmer today. Sitting next to me in just a moment, dan niles, hell give us his two favorite stocks right now and one of them is not in the tech space. Hell join us exclusively in a few moments. The face of the election...
June 24, 2024
All this comes before we get Apple Earnings tomorrow. Pretty good week for central bank earnings. But for now, pretty quiet. Wait and see has to find the markets. Is at ank market important juncture because the s p 500 last made its record high may 21, 2015. Since then it is come pretty close to matching that high, but no cigar. Months. Mes in the last july, november, and a less week when we got within 1 of that record high we cannot get past that final hurdle. We are seeing a bit of a backup in...
June 24, 2024
1. 3 . In the early trade this morning over in europe, youll see that there are some green arrows there. Just like our futures are reflecting this morning, youll see the dax is up by just over 0. 6 . The cac is higher by 0. 7 . The ftse up by about a quarter. Take a look at the price of oil. Oil is what set the tone once again yesterday. Wti with its worst day in almost a month. You can see this morning its picked up some ground. Another 49 cents to 36. 99. Actually, sitting right at 37 a barrel...