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July 16, 2024
Trade deal with the japanese but talked extensively about a trade deal between the United States and china given negotiations are kicking back up this week. The president was asked if he would accept a smaller deal rather than waiting for that grand big deal that hes been pushing for. Heres what he said. I think that we just have to see what happens i would much prefer a big deal thats what were shooting for can something happen maybe. In guess its probably unlikely reporter i also asked the pre...
July 16, 2024
Global trade war all of this comes together and says you should probably be selling industrials and autos. I dont think these are just oneday quick trades but do think the response from markets today was very interesting think of the rotation weve had over the last month and think of the reaction weve had in the last three days. It is beginning to build back on, hey, lets take back much of what we lost that is how we appear to be ready to open up tomorrow. The first leg lower in the markets happ...
July 16, 2024
It is like a gulf. This is not separated in terms of politics. Actually, ill take this side. Im really not sure you may be closer to me than him this guy is a nut. Im going to need a lifeline. We could put Chris Christie in between us. Lets check on the markets this morning. You know what i didnt look at today, constitutional crisis concerns looking at the stock market, i cant see it there up 115 points on the dow jones the nasdaq up 41 treasury yields up 71. My mind is wandering the predicted v...
July 16, 2024
Wednesday. Closing the day up by 123 points still on track for major indices to see the third week in a row looking at dow futures s p 500 down by 10, nasdaq down by 25. What happened . Stocks took a dive it was more a product of the percentages were going up for powell to have another cut all but factored in. Bad news has become good news. Good news has become good news if you look at the december percentage cut, it doubled 30 to 60 . October, yes december, yes. Sort of. The market took that as...
July 16, 2024
Q2 is at 10 the president says markets would crash if impeachment moves forward. Plus, vaping fallout Philip Morris joining us after calling off merger talks and shares of beyond meat soars, as mcdonalds begins testing, the plt, a tomato burger. The house impeachment inquiry remains in focus futures are pairing their gains as the house releases the whistleblower complaint. Joseph maguire is set to testify on the hill, before house intelligence well keep you apprised of headlines for that the pre...
July 16, 2024
Against us one day. This is the w. Business im going to office and berlin was the worlds oldest travel company thomas koch collapsed after failing to secure a last minute bailout more than half a 1000000 people worldwide are currently on holiday with a group of u. K. Authorities beginning an operation to bring customers stranded abroad back to britain it is unclear whether that program applies to non british holidaymakers as well. Thomas cook holidaymakers in the Spanish Island of majorca wonder...
July 16, 2024
Rosengren. And speaking of the fed, yes, there is more. We have an exclusive interview coming up. Loretta mester is the president of the cleveland fed right after the close. Joining us for the hour is charlie with aerial investments. Was this a big sigh of relief after the data from earlier in the week yeah, you know the markets was really nervous about a recession. Thats the conventional wisdom in the market. Theres a lot of evidence that bulls like me keep pointing to that were not, but you ca...
July 16, 2024
A couple of big stories this morning. Peloton pricing the ipo. Price tag at 29 a share raising about 1. 6 billion now valued at roughly 8. 1 billion makes about a billion in revenue but loses 245 million annually. Now under the ticker pton. The peloton ceo will join us live this morning. If you have questions sen them in peloton. 245 million in losses well talk about the math of that and where they see profits and what it all means. Does anyone know about the treadmill . I do. It is expensive. I...
July 16, 2024
Market not able to meet that sort of pricing expectation. Well, your Investment Committee today, joe terranova, jim laichb thal, pete najarian, and rob sechan is there anything, joe, that we can take away from peloton even maybe uber and lyft we dont know the numbers. They havent had a public quarter. Im not asking you to analyze the stock. You want the good news first . Sure. Its not smile direct now if you look at the stock, you say to yourself, what is it . Is it technology what is it exactly...
July 16, 2024
Bidens campaign. Breaking overnight, stranded, hundreds of thousands of tourists left high and dry after the sudden collapse of the worlds oldest travel firm, chaos at airports all around the world. How will they get home . Those stories plus nbc news exclusive, the new allegations against Jeffrey Epstein revealed in savannahs interview with 6 accusers. I didnt want to say that id been part of something that i felt shame. Royal welcome, prince harry, meghan and baby archie arriving in africa thi...