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June 21, 2024
Looks set for a landslide victory in this weekends election. Uber waits to hear if one of its will be babbed as Global Expansion blocks hit a number of roadblocks. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. And we have had the iea oil market come out in the last couple of minutes. Some headlines from that, they said the selloff in oil gained pace after the opec meeting on november 27th after they decided to keep its output target unchanged. Of ...
June 21, 2024
Fastest rate in almost two years. Uk giant tesco is getting hammered, down about 15 on a profit warning. This joufr seas action comes after the dow and the s p 500 posted their biggest drop since late october. Commodities and tech stocks weighing on the markets. Crude oil dropping more than 4 . Check this out, its up slightly at this point. It closed yesterday at 63. 05 wti. Still sitting below 64 a barrel at 63. 65. Brent sitting at 66. 63. Weve been watching all of in this morning. As you chec...
June 21, 2024
M. We are breaking records but it is in light volume. Sth santa claus rally off to a strong start, day after christmas, a day where usually the s p finishes to the plus side 78 of the time. We want to point out groups that are leading the markets higher today. Utilities and health care, these sectors are the best performing. Leading the way, of course, they are rate sensitive. Utilities stronger throughout the year. Pull back a little bit in response to the weakness in crude prices. Retailers in...
June 21, 2024
Expected from the lowest level since 2012. Shares of santander fall sharply after the spanish lender prompts a number of investors to downgrade their price target on the stock. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. French media are ordering of a possible hostage situation and shots fired in the area where police are searching for the two suspects in wednesdays attack on Charlie Hedbo. For the latest developments on this story, were going t...
June 21, 2024
Lauvens the first ltro are expected to disappoint. Results out in over an hour. Moving camps and demonstrators out of the financial district after more than two months of occupation. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. We are just getting news out of norway. Theyve cut the deposit rate by 25 basis points to 1. 25 . We were expecting a slightly easing meeting announcement. We werent expecting an outright rate cut until early next year. Lo...
June 21, 2024
The iea also warning that weak demand raises the risk of social instability. But Goldman Sachs executive calls lower oil a blessing. There are a lot of positives to the economy from the Energy Situation to the resurgence of housing to the most important thing of having reversed all the leverage that was in the system and kind of reset the clock. So you can take something thats a blessing, lower price of oil which once you think of like a tax cut. Take a look at the price of crude. Youre looking ...
June 21, 2024
Points. S p up by 11 1. 5 points and the nasdaq up 20 points. You add those two sessions together and you get more than 600 points. Consecutive the 00point gains for the dow, this only happened nine times in its entire history. Granted, were talking about points, not about percentages. Look at that chart. This is something that is 17. 778. Weve got another 150 points. I dont know the i dont know the exact high. The trading sessions left before the end of the year. Or no, thats just before christ...
June 21, 2024
Welcome back to squawk box here on cnbc first in business worldwide. Im Andrew Ross Sorkin with joe kernen. Becky enjoying the day off. And for viewers outside of the United States, happy boxing day. It comes from a tradition where boxes were given to people and the box would include a gift or two and perhaps some leftovers from the tables of the wealthy. I used to think it was boxing day. I didnt know. I learned this about a decade ago, but every year we get emails from people saying thank you ...
June 21, 2024
Is expected to touch on this evening in the state of the union. Lets check on u. S. Equity futures at this hour. Youre seeing implied open for all major averages here. S p 500 would open up by 8 points. Dow up by 50 points. The nasdaq up by 21 points and a lot of that is based on firming in the markets over in europe. Better than expected gdp numbers out of china and of course thats helping move Global Markets in a vastly different direction than we have seen for much of the month. Breaking news...
June 21, 2024
I will be joined by former Vice President dick cheney. And could drones be used in the future this the same way that terrorist attacks are p being used today. We will be seeing them used in many ways. And as a young black man, it is over time. Why is there such distrust between police and africanamericans. The belief that there is not going to be distrust is to deny humanity. I am joined by former adviser to the president david axelrod, and Political Correspondent Helene Cooper and correspondent...