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June 21, 2024
Im Bill Griffeth getting ready for tonights edition of nightly business report. Well see you later on pbs. Right now were on all time high watch again, kelly. The dow trying to close at a record for a second straight day as well as its four day win streak. Since early february we havent had one of those. Plus the s p is also trying to close at unchartered territory. Struggling a bit right now. But it has been helped out earlier by the financials and health care sectors. Coming up well hear from ...
June 21, 2024
Session today. Manile sectors are down today. Technology has been the highlight. Biotech once again. The very volatile Biotech Sector starting to move lower again today. We have a lot to cover over the next couple of hours. We also have a lot coming up. Were just hours away from teslas battery announcement. The stock pulling back in todays trade along with the rest of the session. Should you be buying before tonights big event. If you think movies like furious 7 are the only movie makers for i m...
June 21, 2024
Nasdaq down by about 20. Lets get to the other story of the morning. Charter communications buying Time Warner Cable for 195 in share in cash and stock. That deal is about 55 billion. They rejected charter last year instead going for the comcast transaction. Todays news comes after months of speculation and after contrast dropped its 45. 2 billion merger agreement over antitrust concerns. That transaction was blocked but time warner looking like theyll get the better deal in all of this. We all ...
June 21, 2024
Up lets get you up to speed on the markets. U. S. Equity futures are suggesting a positive open and implied open of 70 points for the dow and s p nearly 9 and for the nasdaq a little more than 24 points. Right where we were yesterday before the retail sales report. Heres the other big stories were watching today. Two economic reports due at 8 30 eastern. Well hear from kohls before the bell and this afternoon watch for nordstrom among others and in Corporate News General Electric is going to sel...
June 21, 2024
After mettling around through most of this week barely going anywhere. They get a third of a point increase. You can take that to the bank slightly but the volatility over the last five trading sessions has been next to nothing. Were looking at that with the futures again. That feels like summer. The weather yesterday does not feel like summer at all. 57 degrees yesterday. But you know what the ocean temperature is here. 50s. Yeah. So enjoy that weekend. Buying is going to be lou i can today. Pr...
June 21, 2024
Floor of the New York Stock Exchange have been thinking about all day today, late in the session over in germany, the dax index had been in rally mode until the very end. Look at that selloff. Fell out of bed. And finished with a gain of three points. Some of the traders are wondering if the same thing could happen here in this last hour with the dow up 108 points. Just something to think about as we go toward the close. Well keep an eye on that here. Meantime, also an hour from now, netflix wil...
June 21, 2024
Still get in and make money on the trend. More questions today about how that florida mailman who was ang gr i withry with d. C. Lawmakers flew a aircraft into some of the most protected airspace in the world . Just how safe is the heart of our federal government . This has opened up a can worms. Well try and get you some answers on those key questions. All of that coming up. Heres where we stand in the markets right now. The final hour of trade on this purse. The dow is up 28 points. Gains of. ...
June 21, 2024
Budged. Dow futures down by 6 half a points below fair value. The s p 500 closed another record high on friday. Nasdaq down by 9. 5. One Economic Data point of note, the National Association of Home Builders will release its Housing Market index for may. Thats due at 10 00 eastern time this morning. A little bit of news out of chicago, charlie evans, he says the feds should aim to boost inflation by keeping Interest Rates near zero until early next year. Evans is a Voting Member of the fomc and ...
June 21, 2024
Lowes misses expectations. People entering the u. S. Market with a deal to unlink communications. Now, well tell you whether the french accompany has eyes or not on time westerner. Johnson time warner. First up. Target better than expected First Quarter results. Pops up two, three driven by signature styles. Target also raising the guidance. As for lowes, the Home Improvement retailer missing results and the narrative has been written again theyre consistent over promiser and under deliverer. I ...
June 21, 2024
Best buy, williamssonoma, earnings surprises to the upside. Omnicare gets taken out by cvs 98 a share. The ceo of Lumber Liquidators resigns. Salesforce up on good oldfashioned earnings. Hear what they told jim about the quarter and competitors. Best buy up sharply after beating the street with its First Quarter results. Its domestic business was stronger than expected, driven by demand for smart phones. Large screen televisions, major appliances. Williamssonoma exceeding forecast in q1, comps u...