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June 20, 2024
Close. Yum brands which owns kfc missed on earnings due in part to lower sales in china. Washington outweighs earnings with the debt ceiling drama. Yesterday the vix options set a one day volume record at cboe. While the dow dropped 159 points, nasdaq was off by 75 and the s p by 21. The commodities were much more tame. Gold moved down 6, oil inched up 52 there is a serious salmonella outbreak. 278 people in 18 states have become sick since july. The outbreak is linked to foster farms chicken. T...
June 20, 2024
About 15,700 to be in the green for the week. We are well in that territory right now with this 140point gain. And why are stocks higher with another anemic jobs report . Is the street discounting the number due to the bad weather weve had . Is it betting janet yellen will taper the taper because the economy isnt where it needs to be . Well get a team of top minds making sense of all this including former chair of the White House Council of economic advise errs cris errs christina. And smash bur...
June 20, 2024
Weve been in a range for some time. You can see of course 3 well in the rear, isnt it . Nobodys talking taper too much anymore. As for europe, lets take a look. Kind of a mixed bag overall on the couldnt net. Lets go to our road map. It starts where else would you expect it . Hope with washington, leading to hope for investors but for how long . Well take a closer look at where the markets are headed the day after that big, big point gain on the dow. And Bank Earnings kicking off this morning. J...
June 20, 2024
Take a look at how the markets are settling out tonight. As soon as we got that announcement the market went from down 90 to down 50 and its creeped lower since with a decline on the session of 80 points, finishing at 13,167. A decline of threequarters of 1 at 2992 on the nasdaq and the s p gave up 9 at 1419 and the Federal Reserve and the fiscal cliff weighed in on this market. How do you position yourself . Joining me to discuss that our guests. Gentlemen, nice to have you on the program. Than...
June 20, 2024
It looks like were looking at a lower open for the dow. As for the action in europe, really, the action focuses on italy where theres an impending political regime change. More on that in just a moment. The road map starts at the golden arches. Mcdonalds blowing out expectations for november sales after the dismal drop in the month of october. Hoping to fuel the rise, the bacon onion cheddar sandwich. Theres one thing for certain, taxes on top earners are going up. Turmoil in italy. Berlusconi t...
June 20, 2024
Market today are reminding a lot of people about what was going on in the late 90s. Its a momentum market once again. In the dotcom boom and boost, you had dotcom companies soaring, even though the earnings werent there. Today earnings are there, which is the difference in todays momentum market. Theres a lot of momentum names out there but theyre rising for different reasons. Funny were sitting on the floor. Youre a trail blazer. We wont be at post 9. There wouldnt be a post 9 had you not stood...
June 20, 2024
Its comments by mario draghi, which have sent the youeuro lo. All over the map today so far. The point is, its our fourth consecutive down day. Thats right. Were going to keep a close eye on markets. Were seeing the s p 500 selling off by about 22 points. We mentioned the dow off 220 to 161138. The nasdaq losing ground as well, off 68 points in the session today. Lets talk about it in our closing bell exchange. We have heather hughes, greg ip, amy wu, ron weiner, and our own rick santelli. Were ...
June 20, 2024
Dollars the oil dropping by 2. 01. Potbelly shares were up after the close on its on first earnings report. Shares shot up 5 after topping estimates. Starbucks owes kraft 2. 2 billion after the coffee chain ended its Grocery Store deal early. Bloomberg news reports j j will spending 4 billion dollars to settle more than 7,500 lawsuits over its recalled hip implants that allegedly caused tissue damage. Jim richter of Performance Trust joins us on this wednesday morning for a close look at the bon...
June 20, 2024
5 days to go. With the fiscal cliff hanging in the distance, how the focus of the discussion is starting to shift. In todays cover story, the Housing Market is gaining momentum. What firsttime buyers need to know about getting in the game. Plus, the grinch who stole sales. Why Holiday Shopping took a hit this year. And, movie madness. Ticket sales are on track for a record year. Our critic tells us whats worth your watch. Thats all ahead on todays First Business. Youre watching First Business fi...
June 20, 2024
Last night, a couple different issues. This puts them as the second largest tv company in the country. 5. 7 million tv customers at at t, 23. 3 million in the u. S. As becky said, its a 10 premium. It is actually a 30 premium when you look at the price relative to when rumors of the deal first came about. And let me tell you a couple thing that is randall told me last evening. He said mike and i have talked about this deal on and off for quite some time. They have been, quote, trying to assess t...