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June 21, 2024
Here. That ipo pricing at 14 last night. But right now you cannot get it for that price because you can see there its up to almost 24 bucks on the session. A huge move day one for the Cloud Company despite vocal skeptics. Theyre questioning their profitability. This feels like the debates we were having back in the 90s during the dotcom boom. Im not saying thats the case here, but off booming ipo with people wonder wrg is the money right now. Another bombshell from the president s tax plan. Pres...
June 21, 2024
Biggest gain since june of 2012. Crude prices rallying. Now 6 as you can see to 47. 41 on west texas crude. Weve given back some gains. The gains we saw on the settle. Nevertheless, enough po move theto move the markets off the low. Meanwhile, its the hottest ipo weve seen in some time. Were talking about shake shack. Up 132 or nearly 28 from its opening price. The burger destination causing a big commotion in the neighborhood. These are the lines outside until just about an hour ago. They had s...
June 21, 2024
But it seems people would rather have the tortoise than the hare. The question about this one is whether we will get the same result. Yields are moving up. Well talk to Rick Santelli about that. Gold is getting slammed. Oil has been a little higher today and it goes back to the jobs report. Its jobs friday. Well see how that wraps up trading with an hour to go. The dow right now is down 57 points as traders troo toy make sense of where this leaves the fed and what happens next with the u. S. Eco...
June 21, 2024
Alltime low territory. Earlier in the day we had inventory numbers on crude oil look theres the 40year. I feel like bringing Rick Santelli in this moment but well bring in in a second. Theres crude oil. Inventories were higher than expected for crude oil, so it pushed prices lower. Were almost at a sixyear low. They keep pumping oil. An hour from now another huge Earnings Report. Its from facebook this time. The social networking giant trading higher ahead of the closely watched numbers. Well ge...
June 21, 2024
170plus billion dollar company. Thats a huge move. It is and its incredible those earnings still could blow it out. A lot to do with frozen. We talked about it yesterday but the reaction initially was not as strong as what weve seen throughout the session. Its held up well throughout a volatile session. Speaking of volatility, look no further than oil. Remember the big rally weve been talking about and the price of oil, it has reversed itself. Its now given back all of the gains that we saw the ...
June 21, 2024
Tenyear below october lows right around 1. 8. 30year, a record low, above 2. 40. Road map begins like this futures taking abig hit. Monthly retail sales log the largest drop since this time last year. Banks on the hot seat. Jpmorgan misses estimates across the board. Well hear from wells fargo. Good year for gm . Auto giant expecting improved profits in 2015. Futures extending losses as weaker than expected retail sales in the u. S. And concerns about Global Growth. Sales fell. 9 in december eve...
June 21, 2024
Thank you becky one of the key Decision Makers now defending a decision to launch a program. The launch had now been moved in the right direction and said Market Reaction was encouraging thus far and next big question a major election in greece this weekend. Back in the United States the focus is on earnings and economic data. On the agenda heres whats happening. Quarterly results from General Electric and mcdonalds before the bell but two data points coming up at 10 00 eastern time. Existing ho...
June 21, 2024
So were told. Snowmageddon snowpocalypse, whatever, a blizzard. If you havent heard by now its coming this way and it will affect tens of millions of people. We are live at major airports with thousands of flights already canceled at this hour. A state of emergency has been declared in new jersey in new york. I havent heard if connecticut has but they should. Connecticut they have shut down the major roads, major highway transportation starting at anywhere from 7 00 to 8 00 to 9 00 p. M. This is...
June 21, 2024
Deflated balls . That would be a bad bet. Lets get you through some of the big stories theyre watching this morning. The first read on Fourth Quarter gdp at 8 30 eastern time. Forecasters say the economy likely grew at an annual pace of 3. 2 . And then coming up on the earnings front well be looking for results from chevron, eli lily and mastercard all before the opening bell and in global news Russia Central Bank made cutting rates unexpectedly. The rouble extending losses after that news. Hell...
June 21, 2024
Earlier. That has taken sam of the focus off europe frp the session. The analysts who we talk to and will give us their research can hardly keep up with the markets attention. For one second its focus nd on greece, then on oil. It just seems to have attention deficit disorder. The d. O. W. Keeps bumping up against, up against 17850. That was the high of the session of the day. Were at 847. Were three points off of that. We cant get above that number. Weve hit 2060 on the s p today and then bounc...