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June 23, 2024
Spare cash . Whats the consumer buying . These are the questions that plague all Portfolio Managers as they try to follow the money. Right now theyre leaving you in some shocking directions including today where the dow declined. Nasdaq also dipped 3. 2 . First let me just say the single biggest buzz on wall street today, the most salient gut wrenching story is this shocking decline in the business in the stock of the iconic retailer that is macys. While few people actually expected macys to do ...
June 23, 2024
Heres the rub. It may feel familiar in terms of the magnitude of the decline to mr. Lundgren, but it isnt familiar when it comes to the reasons for the dropoff. The last time we had such a sharp decline in sales as lundgren talks about later in his Conference Call was after the fall of lehman brothers. Sales just stopped back then. That was the recessisi and then morphed inin the greatest recession. Were not experiencing anything like that cataclysmic systemic event right now. In fact, this is w...
June 23, 2024
Nasdaq also dipped 3. 2 . First let me just say the single biggest buzz on wall street today, the most salient gut wrenching story is this shocking decline in the business in the stock of the iconic retailer that is macys. While few people actually expected macys to do well in an environment where the globe seems to be warming right in front of our very eyes, todays sharp selloff on some really bad earnings kind of took our breaths collectively away. As the chairman and ceo said at the very begi...
June 23, 2024
Other indexes. And a new blend. Keurig Green Mountain agreeing to a buyout and those shares are absolutely soaring. Lets get straight down to the trading action this hour. Bob pisani is joining us from the flor of the new york stock exchange. How much of the stock markets drop is due to whats happening with oil and Energy Stocks . Oil and the fed are the two things motivating the market right now, but the problem is there is no trend and thats causing a lot of confusion in the last few days. Jus...
June 23, 2024
Today, the most salient gut wrenching story is this shocking decline in the business in the stock of the iconic retailer that is macys. While few people actually expected macys to do well in an environment where the globe seems to be warming right in front of our very eyes, todays sharp selloff on some really bad earnings kind of took our breaths collectively away. As the chairman and ceo said at the very beginning of his really i think very disconcerting Conference Call, we had a very tough qua...
June 21, 2024
After three days of losses, a strong day for stocks after fresh data this morning. Well find out where we go from here. Apple suddenly vulnerable. Bending iphones, Software Update gone awry. Will the stock continue its slide . Another day, another ipo, another one with blackstone. Well have the first trade for travelport after the company priced at the high end of expected range last night. As we bid adieu too jeter, we say hello to Steve Ballmer on microsofts new ceo and clippers. Durable goods...
June 21, 2024
Thursday, july 17th. Good evening, everyone and welcome. Political risks hammered stocks leading to a triple digit loss on the dow jones average and s p 500s worst decline since april. It began late morning with news a malaysia jet from amsterdam crashed over Eastern Ukraine. All 295 on board were killed. Immediately speculation arousal that the plane flying close to the russian boarder in an area controlled by separatists were brought down by a miss l. The stock picked up steam when the israeli...
June 21, 2024
Thursday, july 17th. Good evening, everyone and welcome. Political risks hammered stocks leading to a triple digit loss on the dow jones average and s p 500s worst decline since april. It began late morning withews a malaysia jet from amsterdam crashed over Eastern Ukraine. All 295 on board were killed. Immediately speculation arousal that the plane flying close to the russian boarder in an area controlled by separatists were brought down by a miss l. The stock picked up steam when the israeli P...
June 21, 2024
Thursday, july 17th. Good evening, everyone and welcome. Political risks hammered stocks leading to a triple digit loss on the dow jones average and s p 500s worst decline since april. It began late morning with news a malaysia jet from amsterdam crashed over Eastern Ukraine. All 295 on board were killed. Immediately speculation arousal that the plane flying close to the russian boarder in an area controlled by separatists were brought down by a miss l. The stock picked up steam when the israeli...
June 21, 2024
Welcome. Political risks hammered stocks leading to a triple digit loss on the dow jones average and s p 500s worst decline since april. It began late morning with news a malaysia jet from amsterdam crashed over Eastern Ukraine. All 295 on board were killed. Immediately speculation arousal that the plane flying close to the russian boarder in an area controlled by separatists were brought down by a miss l. The stock picked up steam when the israeli Prime Minister instructed the ground attacks su...