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June 20, 2024
End by october. Was that the reason for the selloff . We dont know. Were going to talk about that. Nasdaq the biggest laggard by for because of the rout among the biotech stocks. Gilead sciences getting aot congress wanting to know about the pricing of one of their drugs. That sent investors scurrying out of biotech drugs. Steve liesman will join us shortly. An hour from now the president host egg tech bosses at the white house. This amid growing concerns about government surveillance. Among the...
June 20, 2024
Is sometimes good news. A big week for ipos, more than Ten Companies set to go public, including king, maker of candy crush. How Many Companies expected to rally when they start trading. Apple in early talks with comcast about a new streaming television service. So the big question is this the apple tv weve all been waiting for . First up, s p hit new intraday highs on friday, ended up closing to the downside. Over the weekend, on cbs sunday morning jim cramer offered best advice on best ways to...
June 20, 2024
Potential successors to ben bernanke. Stocks nearing some record levels. The nasdaq moved toward their best september in three years. Apple is not part of the rally. The Company Announcing the new 5c and 5s will be available friday. Well talk about whether investors should be concerned. Look out elon musk. They are working on a new electric car. First up, fed reserve policy makers begin a twoday meeting today. The fed statement will be out tomorrow followed by a new conference with fed chairman ...
June 20, 2024
Agreeing to promote wet wipes for. All of that and more on this hour of market now. Connell that is quite an ad campaign. Lets go to Nicole Petallides and checkin on the market before we get too wet wipes and everything else. Nicole right now the Dow Jones Industrials is off 38 points. The trend has been to the upside. The third week is starting with up arrows. We should note, we are waiting on the side. We will be in this wait and see mode. We are waiting to get news from apple and alcoa and cr...
June 20, 2024
As for revenue at wells fargo, 26 billion seems to be right in line for what analysts had been anticipating. Another number that everyone slowdownn, given the in mortgage lending, is the efficiency ratio it measures cost as a percentage of revenue. The lower number the better. 57. 9 fargo reported a efficiency ratio. Somewhereere looking in the neighborhood of 57 . That efficiency ratio going higher is not the direction you wanted to move in. There was a reserve release. Wells fargo put aside so...
June 20, 2024
Pickard. In san francisco, cory johnson. He has been digging deep into the filing. Also, gordon chang. Before we get started, i want to take a closer look at alibabas is this by the numbers. Business by the numbers. Leslie pickard is here with the details on my po. You have gone through the whole filing. What is different about this . Is a massive company. They talk about their ecosystem, maintaining their culture. Carehave taken a lot of and time to put this perspective together. They are tryin...
June 20, 2024
Narrowerthanexpected loss and well talk to Ceo John Chen about it first on cnbc. Cbs outdoor americas ipo capping off what has been a big week for offerings. Cbs Ceo Les Moonves and jeremy male will join us on a first on cnbc. And walmart suing visa for 5 billion over what the retailer deems excessively high credit card swipe fees talk about that. But blackberry did report much narrowerthanexpected quarterly operating loss of eight cents a share and revenue below consensus as smartphone sales fe...
June 19, 2024
Hertz cut its fullyear forecast because of weaker than expected rentals at airport. Hertz offering a handful of tesla model s cars at a california airport. I wonder how much it will cost to rent. Liz 500. David 500 bucks a day. Wow. New claims for jobless benefits fell to 305,000. The job reinforces the Federal Reserve case to taper the Stimulus Program in october. Liz Commerce Department says the Gross Domestic Product grew at annualized rate of 2. 5 in the second quarter. Pretty much the same ...
June 19, 2024
John bolton, former ambassador to the united nations. Is america in equipped to respond to yet another Global Challenge . I think we had some of the capabilities but not all. Someone who spent a fair amount of time dealing with issues of biological and chemical warfare, the risk of an adversary trying to attack us with one of these elements is something we have thought about and prepared for. What we see here though is something different. This is not a National Security challenge, is a Health C...
June 19, 2024
Good morning, everybody. Welcome. Youre watching the pulse. Were live from bloombergs headquarters here in london. Im francine lacqua. Bernie ecclestone goes on trial. Well see what the racing series would look like without its current c. E. O. And shaqenomics. Hes larger than life. Shaq tells us how he built an empire after the nba. Were getting breaking news. German Business Confidence just breaking fow. The data coming through a little stronger than anticipated. Expected of i. F. O. Number wa...