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July 16, 2024
Fastest pace in three months. I think probably the fed needs to be here, but the october number is the one you want to look forward to. Lets get the totals of what we learned today. It is kind of a good news, bad news day in terms of the economy for some we have had one good, one bad, and michigan is kind of neutral. Retail sales of 1. 9 in the month of september, much better than the forecast and much better than the. 6 gain the month before. Retail sales, ex autos also big. Car sales were stro...
July 16, 2024
Paula, democrats elicit is an, i thank you for the nomination youve offered me. And i especially thank you for trusting as my running meet the best partner anyone could ever have, chris mondale. [applause] with gratitude and determination, i accept your nomination. Im proud to run on the progressive vote that you have and the convention. A campaign that defines a campaign that response to the intelligence of the American People. A campaign that talks sense. We are going to beat the republicans i...
July 16, 2024
States right now in washington, fragile hopes for a stimulus deal remain Speaker Pelosi and secretary treasurer mnuchin are expected to talk this afternoon in hopes of getting a deal done. A full economic recovery has a long way to go and another expert said many lost jobs may not come back. All 11 s p sectors are lower 59 minutes to go we are making new session lows with the dow down 400 points. Lets get to the market downturn we just referenced. Mike santoli is tracking all of the action no tr...
July 16, 2024
Its 11 00 a. M. On wall street and squawk alley is live good Tuesday Morning welcome to squawk ally im Carl Quintanilla markets are seeing a fair bit of chop today as we keep pace with powells comments a few moments ago. Any progress on stimulus and, of course, the president s recovery as he returns to the white house. For that were going to turn once again to eamon javers hi again yeah, hi. What were learning this morning is that a military aide who works closely with the president has now also...
July 16, 2024
Profession to treat the practice of law as allconsuming while losing sight of Everything Else but that makes for a shallow and unfulfilling life. I worked hard as a lawyer and as a professor. I owed that to my clients, to my students and to myself. But i never let the law define my identity or crowd out the less rest of my life. A similar principle al applies to the rule of courts. Courts have a vital responsibility to the rule of law which is critical to a free society but courts are not design...
July 16, 2024
Moderately above 2 inflation, moderately is what it says in the statement but does not define exactly what moderately means. There are two centers to this action, Robert Kaplan wants to see the statement to the way it was pretty wants to statement to read the economy or stance will remain the same until the economy has weathered the storm and the economic storm we have here. Well cash on the other side dissented because he wants more dovish language in this. On implement rates, statistics are ve...
July 16, 2024
And technology outperforming in todays trade. Theyre all up more than 1 hers at the moment weve got 59 minutes left to go in another wild session. Green across the screen once again. The company now pivoting to very different space. Well speak with the ceo about the strategy shift plus, former ceo getting in on the spac craze with a Blank Check Company. Lets get straight to the big stories were watching mike santoli tracking the market on this first day of the Fourth Quarter. Steve leezmiesman h...
July 16, 2024
Morning. And the nasdaq is down by 182 points a lot of this is whats happening in europe right now. You dont just look at the oversees market but were going to take our queues from what is happening there. You can see the ftse down by 3. 4 and the other markets are down by more and a lot of this is coming in the last few hours. They could be considering a second lock down as covid cases there have soared theyre back to the levels in may. Theyre concerned about whats happening with the number of ...
July 16, 2024
Good morning. Getting right to the top story you can see right now, the dow jones is implied higher by 225 points, nasdaq still showing relative weakness given the technology selloff weve seen. This is coming after that massive selloff from the major averages yesterday the dow closing down more than 800 points slightly off the lows. In this situation, they are all coming off their worst trading day since june 11. Since monday, all are on track from weekly performances since june one sector snaps...
July 16, 2024
A lot of the jobs that have been lost since the pandemic are being recovered. No question it was a much better number than was expected with the headline being 1. 4 million jobs added and the Unemployment Rate going below double digits for the First Time Since the pandemic adding it all up we now have recovered since april a total of about 10. 6 million jobs, which is huge progress, but it also leaves a huge hole we still have 11. 5 million fewer jobs than we had in february which was the month ...