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June 23, 2024
Due months chairman and ceo is stepping down after six years in the post and five months after winning that proxy battle against an activist investor. Freeport trimming its board and reviewing Strategic Alternatives for its oil and gas businesses. Pepsico lasting its full year outlook. First up, futures indicated near the flat line a day after the s p saw a fivesession winning streak. All the s p sectors finished monday in the green led by industrials, up almost 3 . Jim, from fridays low, the do...
June 23, 2024
In the bucket that compares to the challenge that is likely to come. Am i wrong . Is that a strategy thats the wrong way to go about it . Im not sure you would get a majority of votes in this body for it. I think the vote we had about using military force against the use of chemical weapons against civilians barely got a majority in this committee and likely will not get a majority in the senate or in the house. Still if the administration were to advocate strongly for it, there is some bipartis...
June 23, 2024
And at Valley Medical Center examined him before and after the move. At this time we have no information about the cause of death. Any assumptions as to the cause of death is pure speculation until the medical examiner finishes their review. We expect that review to take place in the coming days. Based on our information the inmate had a long history of violent behavior, both in public and with jail and medical staff. He was in a unit that was being monitored. There was no indication the day bef...
June 23, 2024
A cascade of sales but is producing the opposite this time around. And thats been the theme of this entire earnings season when it comes to the industrials, the banks, and oil stocks, a huge part of the market. That explains a lot of the moves weve been seeing today. Where is this counterintuitive pattern most evident . The Big International companies. The ones that make the heavy equipment and capital goods. Lets talk about a storied industrial, Emerson Electric. It reported one of the most sad...
June 23, 2024
A cascade of sales but is producing the opposite this time around. And thats been the theme of this entire earnings season when it comes to o e industrials, the banks, and oil stocks, a huge part of the market. That explains a lot of the moves weve been seeing today. Where is this counterintuitive pattern most evident . The Big International companies. The ones that make the heavy equipment and catal goods. Lets talk abo a storied industrial, Emerson Electric. It reported one of the most sad sac...
June 23, 2024
Ever. Pfizer and allergan coming together in a 160 billion plus deal and shares of both companies are moving down. Allergan the single most favored stock owned by hedge funds. Its up 20 this year. What are the other names the smau socalled mart money likes right now . The smart money moniker depends on performance but in any case allergan was number one according to the quarterly roster that Goldman Sachs puts out based on quarterly filings followed in short order by big gainers like facebook an...
June 23, 2024
Tanked the stock in disney is up almost 20 now over the past three months. We begin this hour though with those deadly attacks. This time in mali in north africa. A hostage situation in a luxury hotel in malis can tpital is n over but more than two dozen are dead. The death count in the paris attack has risen. Michelle carusocabrera is live in paris with the details on both of these developing stories. Michelle . Reporter and, tyler, belgian authorities confirm one of the dead is a belgian diplo...
June 23, 2024
Will pay 350 million in back taxes and sign an accord on future liabilities. It comes amid allegations the company failed to pay taxes over several years. According to reports, apple is close to signing a deal with samsung and l. G. To make screens for the next generation of iphones. Shares of apple are down for the year. Theyre down around 9 in just the past month. Theyre down about 1 today amid concerns over the iphone supply chain and what the Holiday Season will look like. Dan, we heard tim ...
June 23, 2024
Unchanged. Cap x a disappointment. Our road map begins with nike. The company showing strong numbers out of china. One retailer not having a good day, Bed Bath Beyond sending out warning signs. The stock taking a hit after it cut its Third Quarter profit forecast. And beatles fans doing twisting and shouting today. The band is coming to a streaming service near you. Well get the impact on the music streaming business. First nike shares rising in the premarket. Revenue just shy of expectations. F...
June 23, 2024
With the vicks towards 23 or so. You see everything here, teshg financi financial, consumer discretionary. Youll notice energy is not doing as bad. Energy was doing significantly less bad just a short while ago but thats changed a little bit as oil has started to move into negative territory. Show the xle, which is the energy etf, the Largest Energy etf out there. Thats been moving down in the last 15 or 20 minutes. Thats why the markets have taken another leg to the downside. Its the Energy Sto...