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June 28, 2024
Also raised. Very interesting cutting edge, well talk about that. An fda panel backed an experimental Breast Cancer drug. Shares of the company soaring, it was up 50 on monday in anticipation of this. The news came out now, another 26 . Meg tirrell will have details in a little while. Puma is good jumpers, we know theyre fast and can get up a tree. The name of the km is puma biotech, not a totally nonsec ter. Treasury secretary mnuchen making comments on the debt ceiling. Reporter thats right, h...
June 25, 2024
Bullard told cnbc about a potential june hike. Obviously weve tried to be data dependent, and i dont think theres any reason to prejudge the june meeting at this point. We can wait until we get to the meeting, see what the data say and try to make a good decision there. I think on the issue of press conferences we have made many moves over the years without press conferences, so i think you could make a move without a press conference in this circumstance. The labor market data, as i said, if yo...
June 25, 2024
On squawk street, and this is squawk alley live. Good Tuesday Morning and welcome to squawk alley. Kayla tausche and me at post nine with jon fortt and jason calcaneus joining us as well. And now, our best ever day in china, and we have details with susan at hq. Yes, lets go to hung cho, china where the alibaba is projkting to grow 30 this year, which is some different from the projections of the and analysts. There was an overarching event of the company, and to him, alibaba is no longer a mark...
June 25, 2024
Trying to figure out whether tech could ignite the way so many other groups have. Weve seen energy come off its lows. Utilities, the Real Estate Investment trust, homerelated stocks. Lately tech has been threatening to break out despite the largest, better known stocks. Some select Fast Growing Technology stocks themselves. But it was today that really clinched it for me. Microsofts 26. 2 billion acquisition for 196 per share. A 49. 5 premium, where it went out friday. Made up my mind for me. Te...
June 25, 2024
Vote in the European Union makes you numb. Were dealing with total overload at this point. We have prominent rich people that dont care about stocks. We have Hedge Fund Managers talking about how the pound sterling will crash. We have wall to wall coverage of this event in every periodical. More than i can recall when portugal, ireland, italy, greece and spain were about to go belly up a few years ago. I think theres a real possibility we could be taking something that isnt a big deal. At least ...
June 25, 2024
Session lows. The hunt for yield, the hunt for safety is alive and well. We have utilities seeing a bid today. Higher by. 6 . Of course, the big, big move today happening in the gold markets as well as the bond markets. Guy is with us for the next two hours. So what are your thoughts right now . Unbelievable. This is fascinating. I think this is historic stuff. Its not the time this is the time to sit back and evaluate what is going on. Were at the s p 500 off the all time high. We were here las...
June 25, 2024
27 states and one in particular, the uks David Cameron final remarks including from Angela Merkel that its important to only begin talks once meanwhile, president hollande Martin Schultz summed things up. I think we should not wait until the conservative property. But i understood they want to move forward to september, and i underunderstood the conclusions yesterday in berlin, september could be a trigger. Reporter so all 28 leaders are in a working session at the moments. We heard there from m...
June 25, 2024
Capitalal has changed its business and cites among other things ge capitals exit of the u. S. And consumer businesses and transformation of its funding model. You might recall during the financial crisis ges finance arm almost took the company down and since that time, it has certainly changed that this or i should say last year undertaking an aggressive plan to reduce ge capital selling over half of its assets and, indeed, since that time, it sold about 166 billion or signed 166 billion worth o...
June 24, 2024
Lets get straight to the top story. Fed chair janet yel hn the floor yesterday, and she made it clear she isnt on the same page as her hawkish colleagues. Shes moving ahead carefully with the Central Banks decision on future rate hikes. In particular, developments abroad imply that meeting our objectives for employment and inflation will likely require a somewhat lower path to the federal funds rate than was anticipated in december. Given the risk to the outlook, i consider it appropriate for th...
June 24, 2024
Talked about a huge hailed for microsoft. It is dismayingly humor us. Lockheed as liftoff. We have the details on the new air shipments. And well show you what they look like. Its very, very cool stuff. After the bell, a rare and exclusive interview s. Erin callan, this is her first time speaking out about lehman since the financial crisis. Shes out with a memoir about what she calling leaning in too far, and shell join us live to discuss the new book and life after lehman. I would be interested...