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June 21, 2024
Dow up 228 points. Youre looking at a few red arrows with the dow down by 60 points. The nasdaq down by 13. A couple of other stories. Lets take you through some of them this morning. February Housing Starts and Building Permits released at 8 30 eastern time. Stocks expected to drop by more than 2 with the weather being a big factor. Two wellknown Tech Companies to post quarterly result afs the bell and then theres the buzz story of the day. Apple tv and the wall street journal reporting this mo...
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
30year is now the steepest weve seen since last november. Something well be talking about coming up. The first thing i noticed is the level today, 2. 6 . Some big moves over the last couple of trading sessions. All of that coming up, also making big move zillow the real estate upgraded. Should you make a bid on this hot sale . Or is it actually time to sell . Plus the new king of saudi arabia numbering president obama by cancelling plans to visit the white house this week during that summit meet...
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
They could Immigration Reform and also use that to their political advantage. And as youve already heard, when the democrats had both the white house and the majority in the senate and the house we still are advocating for the reform and we were happy for the relief of the dreamers, we were happy because it wasnt what we wanted, we wanted the dream act so we applauded the administrative resolution, not a solution but a bandaid that provided relief for thousands. We supported the latest administr...
June 21, 2024
On the streets of San Francisco. Were calling on an immediate independent investigation. Reporter one of the officers involved made news in 2009 when he was caught on camera saying he would break your arm like a twig. Reporter if you resisted arrest. The texts were the latest in a string of embarrassment of the department. This video of police trying to stop an African American man in a wheelchair from intervening in a police stop at the sunnydale projects. In my 21 years i can assure you its no...
June 21, 2024
Theres some downward pressure. So thats 17 and 17 is potential more the norm those days path there are a couple of paths to reducing fees further one is manager the accounts okay. And a second is longer than lock up periods if you signal to a manager and hey were looking to partner together with the worlds most outstanding managers were not going to gain the capital soon, well make a 3 year commitments in exchange for lower fees almost all managers will do that. Many, many. Many okay many. And t...
June 21, 2024
Skies of washington in a gyrocopter and land right outside the capitol . While embarrassed National Security officials tried to answer that question today the postal worker from florida was charged with operating an unregistered aircraft and violating National Defense air space. He could get four years if convicted. Heres Homeland Security correspondent jeff pegues. Reporter leaving court today, doug hughes admitted his plan to deliver a message about Campaign Finance reform had take an differen...
June 21, 2024
Was about 40 points of the dow was a bounce of yesterdays selloff, the rest about greece. That will do it. Were looking at the dow of 128 points at the moment. Crazy story, the irs says hackers stole tax info from 100,000 accounts. We have former Homeland Security secretary Michael Chertoff to talk about how to fight the growing cyber threat. Its not just at the irs, its everywhere. You know about that. Esen isis threatens a cyber war of some kind pfr well talk with secretary chertoff. As we wai...
June 21, 2024
He says were in a tech bubble and its going to burst. By the way, tech stocks are up today. And spam goes organic. Well, hold on a second they bought an organic food company. Heaven forbid they mess with spam. I was raised on it. Varney company is about dont you forgeted about me. Stuart thats right, dont you forget about me. Monday starting at 9 00 were going three hours, can you stand it . Same great show and a whole lot more of it. Listen to this, everyone. Crime and corruption in the worlds ...