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June 21, 2024
Could chalk up its biggest weekly advance in six months. We will continue to follow the story out of ukraine and keep you updated throughout the morning. The Russia Ukraine situation, that is not the only geopolitical story on the radar. Chuck hagel sounding the alarm on the situation in the middle east arguing that the longterm threat of isis is even more dangerous than al qaeda. Chuck hagel talking about the 9 11 threat to the United States. Jim, isil is as sophisticated and well funded as any...
June 21, 2024
Crude continues to fall. Some americans can watch for 2. 50 a gallon gas. Can halliburton defend its oil business . Retail sales better than expected. Nordstrom earnings beat. A number of downgrades to contend with this morning. A Richard Bransonbacked ipo at the nasdaq, Virgin America. Well have the first trade and interview with the ceo coming up. Oil the big story, below 74. Baker hughes confirming it is in preliminary merger talks with halliburton. The journal story said motivations behind t...
June 21, 2024
Of the month. That being about 80. We are moving higher. You see this morning. Our road map starts with what you might expect. These markets are surging overnight on central bank action. China unexpectedly cutting Interest Rates. Mario draghi promises more aggressive stimulus in europe. It is a big morning for dan loeb. Dow chemical and third point reached an agreement. Management changes at hertz and sothebys which loeb is on the board of also expecting to change their ceo soon. On the earnings...
June 21, 2024
That a good or bad idea . Voices on both sides of that issue. We have the latest and you get to chime in on whos right in that battle, as well. You can see on an otherwise up day, all the table stocks are lower. The president in china at a quick summit announcing a visa program thats expanded and on the same day china is the top suspect in a massive hacking attack on the u. S. Postal service affecting more than 800,000 postal workers. Can we have truly normal economic relations with china while ...
June 21, 2024
Stock market got clocked at the opening because of weakness in japan. Its always somewhere there. We got a second straight drop in growth for a quarter and thats enough to trigger an official designation of a country in recession. Thats right, even after the japanese government pulled out all the stops, hasnt seemed to matter. Growth too hard to come by. By mid morning a wave of buying came in to take advantage of the decline. The dow closed up 13 points, the s p advanced. 07 but the nasdaq decl...
June 21, 2024
The etfs that follow those stocks getting beat up right now, folks. So is this an entry point potentially . Stocks are falling. So is the rain and snow. A noreaster is here. Big storms out west. The forecast is coming up. But first, my friend simon hobbs. And it did feel quite stormy at the open. Stocks suffering their biggest drop in two months. Though we are off the lows now. On oil, at the moment, currently trading at 66. 49. So slightly higher on the session overall. Nine out of the ten s p ...
June 21, 2024
Right . Train travel. A lot of people on the roads. Please be care flg, everybody. The weather, of course, impacting airports in a big way. More and more Flights Canceled or delayed as people try to get home for the holidays. Well bring you live reports from several key areas affect bd i the storm. Meantime, tensions still running high right now even on the eve of thanksgiving in ferguson, missouri. Theres now a much bigger Law Enforcement presence there. But thats too late for many store owners...
June 21, 2024
Our road map begins with the dow within striking distance of 18,000 as jobless claims fall to about eightyear lows. Ecb and bank of england hold tight. Costco comp sales up, walmart downgraded, Dollar General missing expectations. Only hours left in the cbs dish standoff. Boath ecb and bank of englan standing pat on interest rates. The bank staff stepped up preparation for further members to combat deflation risks. Jobless claims fell last week by 17,000 to 297,000. Blue chips within about 88 po...
June 21, 2024
What happened. It was like a bell that went off. It was the stock of google. It actually went higher. Yeah. On a day when the dow dropped twelve and nassau dak declined 11 . Google stopped trading, managed to jump more than 5 i almost did a double take if not a spit take. Do you know where these averages are up double digits, google is actually down. Three percent. Google is not alone. Amazon down 21 . Netflix down 5 . Whats going on with the fafs. How could the order for their stocks have coole...
June 21, 2024
Stocks, 25 of the 30 are positive so far today and were keeping an eye on energy again, as well. Exactly. Down here, one of the indexes that will often list up here on the boards is energy index. Look at that one off 122 points. Again, just reiterating the pressure seen, renewed on crude oil today and down another 3 settling around 55 bucks and change. Natural gas by the way. Its had a 10 move lower in 2 sessions. I was going to say. See how nimble they are in the booth . We know they are but le...