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June 29, 2024
Dovish fed, the spread continues to steepen. That is more on tax reform, 78 basis points is the difference. The pound just turning positive. A macronmerkelmay lovefest over the past few days. I do want to bring in breaking news over the last half hour from ge, a huge mess on earnings at . 29 a share versus estimates that . 50 a share, and it cut its fullyear forecast. The oil and gas environment remains challenging for its spinoff of the baker hughes ge business. What was the huge mess on earnin...
June 29, 2024
Coming the new bellwethers it could be argued that ge has not been a bellwether for a very long time. Meantime tesla shares also under pressure today over under certainty around whether the electric vehicle maker will be opening a new factory in china were going to separate fact from fiction on this one. And after the bell, soon youll be able to order takeout directly from the amazon app the head of amazon payments will be joining us exculusively to talk about the ecommerce giants latest announc...
June 29, 2024
Hours time, lets get a check on where stocks are trading with taylor riggs. We were having some technical difficulties. Taylor we will blame it on record highs. Lets take a look at the dow of almost 200 points, 20 , a record on the dow on friday was at 23. By 2575, nonetheless of broadbased again. The nasdaq up about. 3 . Lets talk about that. If you things i want to mention. Mazon is not is aup. Apple is rushing that off. Are getting an update from jpmorgan, 1180 is a number were looking at for...
June 29, 2024
Flyer will join us power lunch starts right now welcome to power lunch earnings feeling a big earning today. The dow up triple digits, fueling it caterpillar and 3m, adding 100 points to the dow just by themselves 3m higher by 8 . H r plunging 20 the office maker beat thing at earnings estimates its coming in well short of expectations whirlpool shares are tanking on news that sears will stop selling the brand. Stanley black decker rallying. The toolmaker also raising its full year outlook. Tyle...
June 29, 2024
Chipotle, express scripts, Texas Instruments, just a few of the names set to report earnings in just about an hour we will have our hands full at that time but lets get straight to our big story. The strength in the market today from the Big Industrial companies cat and 3m getting that boost on earnings driving the dow higher ge and ibm trading lower, bob pisani give us some more. Well, heres whats going on. Theres a very unusual divergence between the dow and the s p. Its happened a lot this ye...
June 29, 2024
A conference on women empowerment. The white house said today the white house adviser is visited visiting Prime Minister of eight. The white house did not answer questions on whether mr. Trump would join the president on the Upcoming Trip to asia. A rock n roll pioneer is dead here the Associated Press sites a conference in louisiana that said he died tuesday of natural causes. He was best known for his hits, moon very hill, and aint it a shame. One of the first 10 honorees to inducted into the ...
June 29, 2024
Driving the u. S. Stock market as well as hopes for some kind of tax cut. Those hopes sparking up again as we have the house passing the budget which in turn leads to higher hopes for a tax plan getting through. All the major averages are up. The russell 2000 of small caps is outperforming again. It is coming back to outperforming, up 4 10 of 1 . This is a small domestic dust and index for small, domestic orient an index for small, domestic oriented companies. Here you have the s p 500 versus th...
June 29, 2024
Among many lawmakers to update the legal parameters to update their operations. Mathis and tillerson told the panel three months ago 2000 law gave the authority ample authority to fight terrorist groups. Periodual enrollment wednesday comes with new measures by the Trump Administration to scale back house law. The administration is slashing advertising for counselors. And lowering consumer costs expecting to push premiums higher. France president Emmanuel Macron has signed a counterterrorism law...
June 29, 2024
Good afternoon, everybody. Welcome to power lunch. Nasdaq hit new highs yerlearlie today. The dow and s p 500 under pressure merck a big reason for the dows decline. Shares down about 6 shaving 20 points off the dow merck is down 13 in the past week the Number One Health care analyst will join us to take part in mercks woes. Whats working check out amazon, apple and facebook all three hitting new highs. Check out some other movers. Amd down downgrade there. The stock down 20 in a week in arising...
June 29, 2024
Private equity on track for a record year fundraising, we got the woman in charge of Goldman Sachs clients, alison mass, her first tv interview ever. Very much looking forward to that. Lets begin with the top market story with the equities pulling back on new details about Congress Tax Reform plan. Ylan mui has the latest on what could be a delay in its implementation ylan kelly, republic b cans considering phasing in the reduction of the corporate rate according to bloomberg news. Under this pl...