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June 27, 2024
On what crossing this milestone might finally mean. We sat here a few weeks ago. Right. We got within a third of a point. Ill tell you the difference is the way you cross it. I mean, when we got there last time, i think a lot of people felt, wow, all these stocks are so stretched. Its really the banks that are doing it and thats not sustainable because banks have gotten way ahead. You look at the charts. And most of the of the good numbers that were in are more animal spirit driven. This is the ...
June 25, 2024
And coming up, chuck robins talking earnings. Thats moments away. Our top story in s. An egyptair flight. This appeared from radar over the mediterranean. They had 66 passengers and crew onboard. Weve been watching this story and she joins thus morning. Good morning. We just heard from the minister of Civil Aviation in egypt. He said he is launching a joint investigation with french authorities trying to find out what happened to egyptair flight 804. The big question Going Forward is what exactl...
June 25, 2024
Airbags. Autonations ceo mike jackson will be with us again today, joining us exclusively to discuss the impact on auto sale, talk about jamie dimons warnings on auto loans. We have a lot to talk with mike jackson about this hour. California, one of the highprofile primaries today. Were going to take you there live to speak with Trump Supporters in the bay area and look at the spending between Hillary Clinton and Bernie Sanders. In the meantime, lets get to our panel today. Rick santelli joins u...
June 25, 2024
Julie quite a comeback for oil and in a short time. We were just talking at the beginning of the month about how oil entered a bear market. Not even three weeks later, its already back. Oil rising again today above 38 a barrel. Has been helping speculation about some kind of action on production to stabilize crisis. A simple chart but i think its amazing the magnitude of the moves oil has had. Through earlier in the summer. A 23 drop through august 2. A multiple bear and bull cycle compressed in...
June 25, 2024
Passes the 50 mark. Earnings, earnings, earnings. Cisco shares down sitely despite beating despite beating the street. Company plans to lay off 7 of the work force. Well talk to Chuck Robbins. Walmart shares up after beating the streets estimates and boosting its outlook. Whats ahead for the company now that jet. Com is going to be in the mix. And a strange story coming out of brazil as two olympic swimmers are pulled off a plane while drive trying to leave that country. Live to rio for the late...
June 25, 2024
Not adjusting well. I dont think there are any winners. It is an accumulation of evidence that Monetary Policy is ineffective. Helicopter money practicality is zero. Scarlet it is straightahead on bloomberg best. Welcome. I am scarlet fu. This is bloomberg best. Start with a look at the top headlines. Monday began with a dose of disappointing data from japan. The company the economy grew less than expected. It contracted a second straight quarter. Well shy of the analyst thinking. What other sta...
June 25, 2024
We are going to see if he puts his money where his mouth is and is a weapon the center to motivate Japanese Companies to list wages in some kind of meaningful amount. Post brexit hard data, import costs surging, input costs jumping. That is the story and the date of this morning it seems. The number of 4. 3 , to a seenise given what we have post brexit in the pound plummeting. The Banking Industry expects inflation to reach a 2 target that we have been talking about much faster than it originall...
June 25, 2024
Interviews. The market with the euro is not adjusting well. I dont think there are any winners in what is going to be the worlds most expensive divorce proceeding. It is an accumulation of evidence that Monetary Policy is pretty ineffective. The practicality of helicopter money is zero. Scarlet it is all straight ahead on bloomberg best. Scarlet hello and welcome. I am scarlet fu. This is bloomberg best. Your weekly review of the best the most important Business News , analysis, and interviews f...
June 25, 2024
To have every reason to be down again today in a followthrough and fought through. What do you make of it . We are not buying the same stocks. People have to understand. Part of the market on fire, no good. Look at a stop like bank of america. Look at wells fargo. There havent been bids underneath these stocks. Stocks that the liesman interview with stan fischer is calling for multiple rate hikes. Now, maybe they walk them back, but we get a strong employment number, these stocks continue to fly...
June 23, 2024
Theres no real risk of keeping Interest Rates low right now, then they should stay low. Thats why the stock market initially greeted the stay put decision with such applause. Dow rallied 193 points before the averages pulled back late in the day as traders rang the register, dow closing down 65 points, s p declining. 26 and the nasdaq advancing. 1 . Remember, i told you we were likely to see a postfed meeting selloff even if they held off on a rate hike. In part because the market had already ru...