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June 21, 2024
4. 8 . We saw the dollar soar today, something that should have and has put pressure on the averages. No, no, didnt impact them. The market went higher. How about the fact when you have a strong dollar that usually means oil goes lower, right . No. Not today. Oil went higher. Even as everyone has been brainwashed into thinking a stronger dollar means weaker oil. We had a universal judgment every oil company is loyal to the buyout. Royal dutch was down again today. And for the record alcoa kicked...
June 21, 2024
Friday. It went above 2. 2. Can you imagine that . There we stay above 2. 2. Lets get to our road map this morning and it starts with those markets, six years into the bull market. The dow coming off one of the worst trading days its had in over a month. Will the weakness continue . And watch out for apple, as we spring forward, apple expected to unveil the latest details of its watch in San Francisco. Plus, gm says its time for a buyback. Shares are up in the premarket as the auto maker announc...
June 21, 2024
You see right there. And as for the tenyear note yield, which has been below 2 barely, but there it is still maintaining those levels. Lets get to our road map this morning. Begins with dow chemical which is splitting off and selling one of its units. Jim is speaking to chairman and ceo Andrew Liveris in a first on cnbc interview. Very excited. Yes. Yahoo approves 2 billion Share Buyback program. Well you details on that. And guess how much googles new cfo, ruth porats, making in her first seven...
June 21, 2024
On sale. It says 62 of buyers purchased the less expensive sport model which started 349. Weve been talking to analysts in the last half hour about all of this. We may get numbers from apple themselves. In global news, chinas exports charge dropping a larger than expected last month. Stocks in china rallied today as the weak data added to expectations that the government will unveil more stimulus moves and speaking of china the world bank is trimming its growth forecast for the developing east a...
June 21, 2024
The dow closing 65 points the nasdaq advancing 0. 14 . The first wild card the Uranium Nuclear deal. Ive rarely seen an International Agreement thats this bewildering to investors. Is it good for the economy . Is it bad for the economy. Are they about to flood the world with oil now that sanctions are going to be removed or will it be a slow build. Will iran play ball and sponsor fewer terrorists groups or does this deal mean nothing at all . I always say, well, the conclusion, even a bad conclu...
June 21, 2024
Oil under 40 bucks. Tenyear slipped below 1. 9 on a weak adp jobs number. Godaddy shares pricing above the expected range. Well talk to the ceo after the first trade. Simon properties withdrawing its offer for rival mall operator macerich after it gets rejected like we told you they would. Walmart Holding Investor Day at nyse putting pressure on suppliers joining the religious freedom debate. Futures are lower. Data from adp showing the private sector added 189,000 jobs last month, a miss. It wa...
June 21, 2024
48 was the intraday height that it hit. The closing high was 5,042 back in march. The apple watch watch continues with orders reported at over 1 million on day one. They sold out in a couple of hours online. I think it was 1 million watches. You said dollars. Did i say dollars . Its a mistake we make freely. What will be the real big seller for the bottom line . This would be the new mac book. Yes. Very thin starting at 1,300. Some think that this could be a major driver for apples profits. That...
June 21, 2024
Capped a strong week within striking distance of alltime record closing high. Blue chip index up to 18,127. The nasdaq gained 34 points rising for 5 Straight Days to get third highest close ever at 5026. And s p 500 up nearly 19 to 2108. In a week of big triple digit swings dont fight the fed. Stocks got lot of help after the fed wednesday dropped the word patient from its Interest Rate prognosis but basically said it will be patient about raising them. The dow rose 2 for the week. The nasdaq ou...
June 21, 2024
Capped a strong week within striking distance of alltime record closing high. Blue chip index up to 18,127. The nasdaq gained 34 points rising for 5 Straight Days to get third highest close ever at 5026. And s p 500 up nearly 19 to 2108. In a week of big triple digit swings dont fight the fed. Stocks got lot of help after the fed wednesday dropped the word patient from its Interest Rate prognosis but basically said it will be patient about raising them. The dow rose 2 for the week. The nasdaq ou...
June 21, 2024
Performer behind utilities. And while most strategists arent expecting much from earnings season they say the news wont be all bad. Especially when it comes to the banks. Dominick chiao takes a look at what to expect and why this group is so important to investors. Theres a reason why so many investors care about what happens in the Financial Sector that sector is the second most heavily weighted one in the entire large cap s p 500 index. Financials are expected to be a bright spot with the high...