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June 20, 2024
Lenders. I think thats something that id like to talk a little bit about here today because members of our military have to resort to financing from these predatory lenders all too often. We know military Service Members are three times more likely than civilians to use predatory payday loans that charge exorbitant rates. Thats three times the civilians use. The military families carry 10,000 or more in Credit Card Debt compared to 16 for civilian frames. 10 of military families carry more than ...
June 20, 2024
Still a lot of time between now and friday at 8 30 a. M. Eastern time. Weve got a lot to think about this week. Well go to andrew with todays top corporate stories. Good morning. Good morning, becky. We have a number of big corporate stories. Tomorrow gms Ceo Mary Barra is facing a Congressional Panel to try to get to the bottom of the automakers recall crisis. Shell be asked why it took so long for the company to identify and address ignition switch problems. Auto parts maker delphi told invest...
June 20, 2024
Dow starting off from this second record close in 2014. Both the dow within 1 . Mergerish monday. Pfizer presses its case for a tra s stra seneca. Ibms ceo saying the company is facing a rocky time. Geithner saying the country is stronger. Some are taking issue with his recount of how we got there. Stocks are poised to end with the second record close of the year. Lets start the week by talking markets guys. Strange that we get this record. And the russell close to that ten percent. I dont think...
June 20, 2024
Youre watching Worldwide Exchange, bringing you Business News from around the globe. Warm welcome to todays edition of Worldwide Exchange. Plenty to get through. We start off with perhaps europes most important economic indicator. Its come in 10. 4 in may, below the consensus number which was 110. 9. Current conditions index, 114. 8. The Consensus Forecast was 114. 5. The german expectations index, 106. 2 in may. The Consensus Forecast, 106. 6. The april number was 111. 2. We have dipped down fr...
June 20, 2024
And spain. The roadmap goes like this gm motors Ceo Mary Barra on the hill to answer questions surrounding the companys controversial ignition switch recall. The s p and nasdaq looking to start down the road to a sixth consecutive gain as we head into the Second Quarter. The current fivequarter winning streak last accomplished way back in 2007. Activist investor starboard redoubling charges that dardens planned spinoff of red lobster is designed to benefit management over shareholders. If you se...
June 20, 2024
The chief executive and the banks cheryl have both come under pressure from swiss politicians to resign. 2. 5 billion is coming from shareholders. The officials are accused of stealing american trade secrets through cyber espionage. Beijing summoned the u. S. Ambassador to china and says its military has neveren gauged in cyber spying on businesses. Eunice yoon will have more from beijing in just a few minutes. Thailands army declared martial law nation wood today. The army denies it is staging ...
June 20, 2024
Gm said it expects to take a charge up to 750 million in the First Quarter, mostly related to the costs of recall repairs. Shares of gm, theyve come off their highs of about 42 million a share, now trading at about 34 a share. We will see what happens to that stock today at she begins to speak at gm. In just a few minutes, weve got represent michael burgess. Hes going to give us a preview of todays hearing. I still dont know if this is theater or what you can get from Something Like this. Its he...
June 20, 2024
Lower open the nasdaq looking as if it was opening. All getting upgrades merger monday, among them 5. 2 billion farm deal and talk about drama hbo go crashes during game of throwns and thea who may be pursuing regional programming. The biggest loser was the nasdaq. 2. 6 drop. Led by all of those names before the bell on friday, cr are amer warned you the selling was not over. That is a dichotomy that people at home need to worry about. The insiders need to have a price that they wont go. I was, ...
June 20, 2024
Internet and biotech names lead the way. It added 7 points. In europe right now, markets around the globe taking cues from what theyve seen right now. I take that back. You see red arrows. The dax in germany down by 0. 4 , the cac down by 0. 4 and the ftse down by a few points. Dow futures down by 52 points below fair value, s p 500 futures off by just over 6 points and thes that dock down by about 15 points. The bond mark set where a lot of the attention is being paid. The tenyear is 2. 545 . T...
June 20, 2024
Join us on twitter at aj real money. Americas biggest bank makes history by signing off on americas biggest legal settlement ever bin a single entity. Jp morgan paid to pay a whooping 13 billion to resolve claims over the sale of toxic securities that helped implode the Financial System back in 2008. 8 billion will go to settle claims made by various federal agencies. Another 1 billion will go to five states who sued the bank. But heres what may be the most interesting part. 4 billion will go to...