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June 21, 2024
Up profits and promised to resume Dividend Payments this year. Carl sberg cuts cost in russia. Shares are trading lower in denmark. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. And in the last hour a number of media reports suggest ukrainian troops are pulling out of a town in the east of the country. This after an assault by prorussian separatists that refuse the peace agreement. This was echoed by the leader of the selfproclaimed dontesks people republic...
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
Territory record territory. The nasdaq worth keeping an eye on inching closer to 5,000. Its been the outperformer. We may be talking nasdaq 5,000 by next week sometime. Lets get to the Closing Bell Exchange exchange. Kim forrest is here, so is Peter Andersen from Congress Wealth management. Kevin carrone, ben willis from princeton securities joining us on the floor and Rick Santelli is in chicago. Lets start with Michelle Carusocabrera. Is she there . Im here yeah. So we have an agreement of sor...
June 21, 2024
Theyre set to earn 1. 53 a share. The numbers cover the critically important Holiday Shopping season. So well see those numbers as well. A programming note because you dont want to miss it we have an exclusive interview with walmart ceo at 11 00 eastern time this morning. Then on the economic front, employment is front and center. At 8 30 eastern time well get weekly jobless claims and later in the month we have to watch for fed numbers and other leading economic indicators. Couple after stocks ...
June 21, 2024
Momentarily. But we begin tonight with three of the worlds Biggest Companies and what they are saying about the gloiblt economy. Caterpillar, the maker of construction and mining equipment, which reaches more than 180 countries blew past earnings estimates. But it also issued a warning. Procter and gamble the largest household product firms which touched consumers across the global said revenues fell a sign of weakening demand or something else. And 3m cut the full year outlook. Together the thr...
June 21, 2024
For a record of its own trying to close higher for a tenth straight day. That would be its longest win streak since july 2009. Investors encouraged by Janet Yellens hints to congress that the fed will probably start raising rates later this year. What does jim grant say about all this and is he behind the audit the fed movement . Well talk to him about that when jim joins us coming up. By the way, 10year has moved lower, comfortable ablably below the 2 level. Were at 1. 98 and change. 2year note...
June 21, 2024
155 points s p up nasdaq gaining. Even though its largely because of the news that greece and the eurozone have reached some sort of agreement on the terms of a bailout to deal with the greek financial crisis. Heres the thing. You better have your biolist ready monday in case it sells off after realizing this greek deal is a total kick the can four months down the road copout. It doesnt solve anything and frankly really isnt even a done deal. So what will we be looking at next week . Whats the g...
June 21, 2024
Alltime high. The blue chip dow index breaks above 18,000 for the first time this year and not to be outdone, small caps also finished the day at a record. Strong Economic Data out of europe gave the markets a lift early on and hopes that greece and its creditors will reach some sort of deal when they talks on monday. Dow jones rose to 18,019. Nasdaq gained 36 points to fresh 15 year high and the s p 500 was up 8. For the week the dow rose 1 . The nasdaq up more than 3 best week since last octob...
June 21, 2024
Well see what happens as we get closer to the opening bell. Three big stories were watching this morning. Eu finance ministers are meeting in brussels in just a couple hours from now discussing greeces request for a six ismonth loan extension. Michelle will join us in a minute. Also in Corporate News this morning, deere will post Quarterly Results before the bell. Earlier this week we learned Berkshire Hathaway bought a stake in the company. In political news the nations current and former gover...
June 21, 2024
Hour. Anything kand often does happen in the last hour of trades. Stay with us. Well bring you all the details as they play out. It will been exciting close. Joining us ken mahoney, joe hider, Steven Parker of jpmorgan and lynn siindsey bell and our own rick santelli. Weve seen a growth bid this week. I have been talking about it all day. Consumer discretionary, tech materials. Is this finally the year for growth . Its been dzefensive for a while now . I think its a great sign for the market. La...