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June 21, 2024
Becoming the event t watch out for. 10 is where its been a couple of years since we have had an event like this. By now you probably know im scott wapner today in for bill griffith. It was a White Knuckle ride with triple digit moves and norm rather than the exception. Certainly the case. Take a look. Calming down a bit and not at the nasdaq and tech stocks taking tonight chin. Semiconductors, Morgan Brennan joining us now with how things look at a pretty wild week. A wild week for the nasdaq co...
June 21, 2024
Yesterday. Oil Services Provider cut in half today down more than 50 . And the implications of why this stock is tanking may be much bigger than just this company. Right . Thats for sure bill. You can read about the man camps that they have built. The big activist investors, the fact they have wanted to be a reit and didnt happen. Perhaps a tax inversion candidate. That didnt happen. Touches on themes of 2014. Most notably, the drop in oil. Coming up another twist in the sony hacking saga. Now, ...
June 21, 2024
Alltime closing high. Plus, its cybervandalism, not an act of war, president obama downplaying his comments on that sony hack. Well show you the reaction from the ceo of Sony Pictures. And shares of abbvie getting a big boost in the premarket after the latest salvo in a drug pricing battle. Well explain all of the twists and turns. A holidayshortened week on wall street, stocks in the midst of a threesession winning streak. S p with half percent of its alltime intraday high. Yesterday the Saudi ...
June 21, 2024
Jcpenney especially. That stock is very strong today on better than expected holiday sales. We certainly are. We have had a down couple of days for the market and set up perhaps for a spring back and surprising to see the resilience today, not more of a flight to safety bid after the tragic shootings in paris this morning and, in fact on that note as we keep an eye on that horrible terrorist attack on the magazine that previously ran the cartoons of mohammed the president and much of the world c...
June 21, 2024
A little chop in the market today as we watch political turmoil in greece. Oil moving higher, back above 55. Some supply concerns bubbling over in libya. In the tenyear, settled back to 222. That is about a oneweek low. Our road map begins with global fears returning to the market. Greeces failure to elect a president has europe in the red and u. S. Futures pointing slightly lower. Forget the Movie Theater on demand. Nearly five times the size of the physical box office. What it means for the fu...
June 21, 2024
Trading at 2785. When has a new record for the dow or s p gotten any fan fare . Not lately. We were talking about this this morning. A producer whos been here through the ups and downs in the last decade used to be the case to hear cheers and applause punching but the benchmarks. This morning you werent be hearing much punching through 18,000 on the dow. More evidence as we have said for a while now. This is still the most unloved bull market we have seen in modern times with the dow up 97 point...
June 21, 2024
Yearend edition of the closing bell. We are finishing the sixth year in a row of gains for the dow. By my math of the last six years, this year will only come in number five. It will rank the fifth best performance. The only one that was number six is 2011. The others outperformed what we did this year with the gain on the dow thereabouts. Here we are. The dow down 82 though. Just off the lows aft session. S p down 13 and the nasdaq is down half a percent today down 25 points. Lets wrap up what ...
June 21, 2024
Country where the price is oil is already even lower and reports of people in the field saying the price is much like it might be with credit, what you pay for it at this point. A stunning decline here. I use the word stunning because this is not a financial crisis. This is not a recession at least in this country. This is a situation where contributing factors have pushed the oil price out. Everybodys jumping ship. Look at the traders. The funds. For moving out of the space. Im sure a lot of bi...
June 21, 2024
Morning. Five banks have been hit with major fines. Kayla tousche joins us on set with some of the details. This is the settlement weve been speccing for weeks, for months. An 18month investigation by authorities in the uk as well as the uk as well as switzerland have announced a joint settlement with five banks, urging them to pay more than 3 billion to settle charges of key Foreign Exchange rates in the 4 00 hour is when most of the activity, according to the press releases, happened. Its goin...
June 21, 2024
Yuck it is on the way. That means its going to give us some trouble on the roads. We will have more on that in this busy hour. Meanwhile, we start with a shot across the bow of American Parents saving for college. Sue, fill us in bl. Thats indeed the case, and it is a big shocker for a lot of people out there. President obama proposing major changes to those 529 College Savings plans. John harwood is in washington to explain why and get to him in just a moment. First we get to sharon eperson wit...