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June 21, 2024
You have average Hourly Earnings rise by. 3 . This could be the 12th straight month of job gains above 200,000 which would be the longest such streak since 1994 and that has people saying the fed is behind the curve and other people say when you look around the world to see whats happening with the strong dollar he they would be crazy to be raising rates but its a source of continued debate the do you is up more than 4 over the last four days nasdaq is up for the year. The index is on track for ...
June 21, 2024
Losing streak to finish on a positive. In the meantime though, more fallout from the swiss currency mess. Now some Retail Investors may be getting hit hard with no safety net. Well explain whats going on and show you how the impact there is much wider than the swiss franc. Oil rallying today but still solidly below 50 a barrel. Though you might not want to get comfortable with that too much. We have chris with us today from moodys. He says he sees oil back at 80 again and soon. What would drive ...
June 21, 2024
Those greek elections. Well talk futures, oil, the euro all bouncing off overnight lows. Americas largest home builder up more than 6 that is the stock and the premarket. And Apple Earnings on deck a report that apple sales in china exceed those in the u. S. Plus is apple pay at a Tipping Point . More on those stories in a few moments. First up though lets talk about these markets. Obviously a lot of people wondered what this morning would look like after the greek elections. The serisa party ta...
June 21, 2024
Stronger dollar and slowing Economic Growth overseas. Foreign ministers are said to meet in germany for a fourway summit on russia and peace talks aimed at ending military talks Angela Merkel is warning a lack of progress from russia. And the ruble dropping today. Well show you now. And millions of french citizens taking part in an historic march this weekend to pay tribute to victims of islamist militant attacks. A line of World Leaders lead the way. Arms link. Among them israeli Prime Minister...
June 21, 2024
Its called a tsunami move. The swiss bank stunning markets overnight scrapping the peg against the euro sending its currency soaring up 10 against the dollar now, but it was up as much as 30 right after that announce. Check this out. Gold moves on the swiss move this morning. The last trade on the gold market is up 28. 5 on the trading session. Sarah eisen is following the story for us here with the move that stunned markets all the way around the world. Shocking policy uturn. This is what happe...
June 21, 2024
We have exxonmobil thats the name to watch. It will post Quarterly Results and bring it to you. Theres quilt of democratic data due out today. December personal income spending. Ism manufacturing and construction spending. So a lot to talk about. And in Corporate News this morning three major automakers will recall more than 2 million older vehicles to fix defects. The recall involves an issue that causes dir ss air bags to deploy when theyre not supposed to. Toyota Fiat Chrysler and honda. I do...
June 21, 2024
Markets. Theyre a little under pressure this hour. A bit of a soggy start to the trading week. The dow currently off by 46 points. The nasdaq has gone positive though. Its up just very marginally. The s p is down by two points at 2,053. We also begin with a major meeting at the white house over the crisis in ukraine. Germanys leader Angela Merkel and president obama trying to show a union id front, but the two are at odds over whether to arm ukraine. Chief International Correspondent michelle li...
June 21, 2024
Ten year right around 1. 9. China trade was amiss and uk inflation at a 14 year low. Stocks pointing higher as earnings begin to roll out. Different story for oil fall to go merely a six year low as opec says it will not change its drought put strategy. And speaking of earning, alcoa did top expectations. What the ceo has to say about their Fourth Quarter results. Plus why Credit Suisse thinks iphone sales could drift stock to 130. But stocks look to end a two session losing streak. Oil back dow...
June 21, 2024
Announcing that russia and ukraine agreed to a ceasefire starting on sunday. Leaders agreeing to with draw heavy weapons from the Eastern Ukraine region. Thats the area between ukrainian and prorussian separatists. The rouble was moving higher and that would be understandable. Higher than more than. 5 . At the bottom we show you the dollar so it had been steadily weakening against the dollar over the last year but strengthening at this point. Lets show you the russian index. This is the rts. Its...
June 21, 2024
Were down 102 at the moment. Everything got weve climbed back a little bit. Dow down 103. S p, you wafkly are down for the year now. About 2. 5 . Weve dropped at the open. There were a number of sectors that were notably weak today. A lot of comments. I want to show you Retail Stocks right now. Deckers also on the weak side. A lot of these stocks have been hit badly, and they are not showing any signs of recovering at this point. Home builders we did have the National Association of homebuilder,...