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CNBC Mad Money June 22, 2024

And usa today confirmed it this morning. With the terrific story about the acronym that stands for facebook, amazon, netflix and google. My selfstyled shorthand for whats working in this stock market. But on another vicious day where the dow tumbled 128 points. S p sank and the nasdaq plunged nearly a percent, while f. A. N. G. Represents a nice respite from the world, f. A. N. G. s leadership happens to be terrible for the rest of the market. Thats right. I want people to know loud and clear th...
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CNBC Worldwide Exchange June 22, 2024

The companys outlook misses analysts views. Shares of the chinese internet nosediving after hours. Twitter, the temporary Ceo Jack Dorsey under pressure as user growth could fall short again. It was an ugly day on wall street yesterday with the dow, s p, and nasdaq ending lower, a lot of it having to cowith mixed earnings. Keep in mind of the companies who have reported earnings, 76 have reported its above the mean estimate. Taking a look at futures, were in for a potential rebound. The dow up a...
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CNBC Squawk Box June 22, 2024

S p up 17 points higher and the nasdaq up 38 points higher. Give it a little context. Give it a little context. The china situation. What did it do yesterday . It was bad. It was bad. No today. It was bad. Closed already. Closed already. It had gone down as much as 5 in the morning. So they have indicated theyre ready do more if necessary. But people dont necessarily believe that theyre ready to do more because it can only do so much. And if they truly are trying to open up Capital Markets and i...
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CNBC Power Lunch June 22, 2024

Moving to the upside today rebounding beyond the major u. S. Indices oil is bouncing back. This is important. Its helping the market hire. This is after brent crudent entded in bear market territory. As for europe ftse ending up 0. 7 of a percent. In asia overnight, chinas selloff continues. Not as bad as the day before. And nikkei 225 hitting a twoweek low. Lets get to trading action here in the good old United States of america with bob pisani down on the floor of the nyse. Weve been do for an...
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CNBC Worldwide Exchange June 22, 2024

Investors cheer more cost cutting at barclays. The banks new boss says it will accelerate the sale of assets after delivering a sharp rise in q2 net profit. Good morning, everyone. It is 10 00 a. M. Here in london 5 00 a. M. If you are just waking up on the east coast. Heres a look at the u. S. Futures. S p 500 just fractionally higher. The dow jones is up and the nasdaq seen higher by 12 points. This follows yesterdays strong rally. The dow was up by more than 1 s p up by more than 1 . The majo...
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CNBC Squawk Box June 22, 2024

Meeting. Policy announcement coming up at 2 00. In global news chinese stocks rallying overnight. This morning snapping the threeday losing streak. The shanghai composite closing up 3. 5 . Big growth. In europe greeces stock market will not be reopened today as some had expected. The exchange is waiting for an okay from the ecb and government decree. Thats 6 or 700 points. Huge. Stocks to watch this morning, twitter earnings and revenue are both above estimates but it was the Monthly Average use...
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CNBC Worldwide Exchange June 22, 2024

A round of banks upgrade price target on facebook despite the social network spooking investors with its big spending plans. All right. Good morning, everyone. It is 10 00 a. M. Here in london 5 00 a. M. On the east coast. The s p 500 seen off by 4 points the dow jones seen off by roughly 10 and the nasdaq lower by 8. 6 points. Were higher for the second straight session closed out the highs of the day, the dow and the s p up by 0. 7 each. We were pretty much unfazed by the fed. Once again held ...
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CNBC Squawk Box June 22, 2024

From the missing plane it will be the first confirmation that mh370 crashed into the indian ocean in 2014. The air kraf was travel from kuala lumpur to beijing. Consensus calls for gdp to have increased at a 2. 7 annual rate. Also important today, the government plans to be releasing three years worth of revisions from the bureau of economic analysis. You might remember Steve Liesman first reported in april that q1 gdp was statistically softer than the other three quarters for the past 30 years....
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CNBC Worldwide Exchange June 22, 2024

Soul cycle says its going blik with an unusual filing that cites its culture of yes and mission to aspire to inspire. All right. We had just had eurozone july cbi number. That came in at 0. 2 a year. That was bang in line with expectation. Steady compared to the prior month. Were not seeing a reaction in the eurozone right now. Inflation stable at 0. 2 . Far away from the ecbs target. As we saw in the german cpi print yesterday, the Energy Prices are still weighing on the price level. That is so...
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CNBC Squawk Box June 22, 2024

Far, up 8 . Check out whats happening this morning. Things have barely changed. The dow futures are up about 12 pokt. The nasdaq just under one point. If you havent woken up there is a full moon out right now. On todays squawk planner economic data. At 8 30 eastern, the earnings. The news in earnings big oil will be in focus. Among the names posting quarterly rults, exxonmobil and chevron. The weekly bag lyly Baker Hughes Rig count is a number of the rigs actively developing oil or natural gas i...
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