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June 30, 2024
Cheryl im glad that you at the top of report brought the issue of money flows. I know it was last week that european investors were flooding money into u. S. Markets, we are looking at potentially dow 25,000 at this point. Its incredible to see the confidence around the world in u. S. Markets even if theres not political confidence and whats happening in the United States, is that a Fair Assessment . I think theres confidence in world stocks so people are confident in the u. S. But kind of every...
June 29, 2024
The road map begins with ibm, sales falling for the 13th straight quarter. Ibm not the only stock were reporting on this busy weeks this week. Mixed quarters for vz and united technologies. And facebook the company overtaking overtaking General Electric in market value. Ibm, sales down. Adjusted earnings did beat but the performance of the traditional and software dragging. Earnings hurt by the strong dollar. And they expected a slightly stronger currency impact. The cfo is calling the results a...
June 29, 2024
Take a look at what is dragging on the transports. Its worth noting the major averages are on pace for weekly gains. The dow the best since the end of april. Relative to transports, weakness for shares of American Airlines come united, with a downgrade over and jpmorgan to neutral with analysts saying estimates seem unachievable. Royal caribbean down 1. 8 . This on a downgrade at credit suisse. Analyst cutting shares to a neutral, saying the outlook is uncertain. We had that terror attack in lon...
June 29, 2024
Dont think we will get tax reform if there is the elimination of deductible. Stanley fischer on what it takes to leave the fed. Bob iger and mark cuban reflect on innovation and we are living in a new world reality and we have to accept that. Just like the net and streaming created multiple great companies, i think this will as well. Vladimir putin takes question on donald trump and u. S. Politics. It is all straight ahead on bloomberg best. David hello and welcome, im david westin and this is b...
June 29, 2024
To get tax reform. If there is the elimination of deductibility. David Stanley Fischer muses on what it takes to leave the fed. Theoretical knowledge and experience increases your selfconfidence about what you are doing. Iger and mark cuban reflect on innovation and investment. We think we are living in a new world reality and we have to accept that. Like the net and streamline i think it will as well. David plus Vladimir Putin takes questions on donald trump in u. S. Politics. Onis all straight...
June 28, 2024
Principle dilemma of the market. What do you do if the conventional wisdom that washington cant accomplish anything is correct . Trump stump. What do you do if president trumps tax reform plans are really dead on arrival in congress . Like most of the media seems to have concluded. Even as the president tweets everything is ahead of schedule. Well, you know what you do . You end up buying stocks like amazon, thats what you do. Why amazon . It might sting when the stock, because it touched 1,000 ...
June 28, 2024
Terror im referring to the endless battle that defines the stock market the bitter struggle between growth and value one faction of investors wants to buy something cheap in the hope it will blossom or get a takeover bid but the other faction is willing to pay up, up, up, as long as it can grow rapidly right now, growth is crushing value hence, why the dow declined 57 points, the s p back slid today, and the nasdaq advanced 0. 47 . And this becomes even more pronounced when you look at how the i...
June 28, 2024
10 year. Lets get your earnings. Walmart coming out with earnings, secondquarter adjusted eps coming at 1. 08 above the estimate of 1. 07. Walmart seeing years adjusted 4. 40 to 4. 30. Nothing that stands out in terms of missing or beating estimates. In theown by about 1. 23 premarket. On the year, what a performance so far this year. Jonathan they have really come back david they have really come back. Jonathan up 17. 4 . David time now for the morning brief. We will be getting weekly u. S. Job...
June 28, 2024
Numbers. Sales jumped over 50 thanks to robust system. First to our lead, President Trump said he is ending to widow advisory Business Leaders after multiple ceo step down as trump condemningack from white supremacist. The president made the announcement on twitter saying, rather than putting pressure on the Business People of the manufacturing counsel, i am ending both. It is a serious turnaround from a tweet that read, for every ceo that dropped out of the manufacturing counsel, i have many to...
June 28, 2024
Numbers. Sales jumped over 50 thanks to robust system. First to our lead, President Trump said he is ending to widow advisory Business Leaders after multiple ceo step down as trump condemningack from white supremacist. The president made the announcement on twitter saying, rather than putting pressure on the Business People of the manufacturing counsel, i am ending both. It is a serious turnaround from a tweet that read, for every ceo that dropped out of the manufacturing counsel, i have many to...