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June 28, 2024
Have red arrows pretty much across the board and wti crude, right about now you can trade it for 48. 49 here are the big stories were watching Warren Buffetts Berkshire Hathaway was outbid for oncor. Senpra will buy it for 9. 5 billion in cash. Hedge fund Elliott Management which is the biggest creditor to oncor had opposed the sale to berkshire and arguing that it undervalued the company. Berkshire said it would not raise its offer. In another deal, maersk agreed to sell its oil unit to total f...
June 28, 2024
Dow on track for the worst month since january. Icahn the latest the step down as an adviser to the president and now looks like there maybe communications with all of that and another shot fired in adps ackman battle. Well break down what that means. Four week losing streak for the nasdaq and given sort of these levels here. Not surprising that the dow is on track for the first month since january. I have been watching and reading and theres people that feel that a 2 correction was warranted. T...
June 28, 2024
Action this morning. This off the back of a day where we saw slight gains for the dow and s p. Fractional decline for the nasdaq that was a better performance than we saw around the rest of the world yesterday. You could frame it as resilient as opposed to lackluster futures pointing nicely higher taking their lead from around the world where its a risk on mood today nasdaq up about 27 the dow jones up 65. The treasury note, we are back above 2. 2 on the tenyear yield. Yields just rising a bit e...
June 28, 2024
Diplomatic efforts coming out. Now showing a negative vote then. The dow, s p and not fractionally lower this morning. We will talk about it. Plus m a on wall street. Bigger deals including energy sector. Details on the move to acquirer encore. As you can see, markets also opening under pressure. Part of that is the global tensions and central bank discussions. Taking a look at asia, mixed action there. As you can see the nikkei down by 4 . Hang seng in shanghai composite. Kospi down fractionall...
June 28, 2024
The moon is about to go dancing with the star in an incredible display of celestial choreography, the moon will step gently in front of the sun and completely block it from view. Day will turn to night in the first total eclipse of the sun in the continental u. S. In 38 years. You will not want to miss it. There will be another one until 2024, the zone of totality. Youll be hearing that word a lot stretches coast to coast across 14 states from oregon to South Carolina. Within that 70mile wide ba...
June 28, 2024
Years. Its warded them off and rebounded in a meaningful way each and every time. My sense is youll have more of the same now guy, just a quick question on the markets more broadly yesterday markets higher and the dollar higher. That correlation has not been in play for much of the summer. Is it encouraging to see the markets rally in the face of a strong dollar . Wolf, as you know, one day does not a streak make, but i think youre on to something lets see how it plays out the dollar was on a bi...
June 28, 2024
Yeah, scott, weve been talking about this on the show a lot. I think, i think most of us were excited about the possibilities of the jet. Com acquisition this takes it a step further and walmart and google, if both are going to be successful at what they obviously have to do in the next five to ten years, they kind of need each other googles got to figure out the voice internet because if display internet starts to become a dying incumbent thing, where are they going to put the adds . So if voic...
June 28, 2024
Somebody just set off fireworks. We talked earlier about people who came to this with an agenda. Protest turned violent after the rally ended. Police using smoke and tear gas to disperse the crowds. Our jeff flock was on the scene. More of his germanic coverage straightahead. Future showing the markets giving back some of the gains from yesterday. 35point loss on the dow futures right now after a healthy gain on the blue chips yesterday of nearly 200 points. 194point by the dow yesterday. In eur...
June 28, 2024
Good morning a warm welcome to Worldwide Exchange. Im wilfred frost. Im seema mody in for sara eisen. Ahead of her first single release in more than three years, were throwing it back to the best of taylor swift you feel 22 . I dont i feel 32. But i took one for the team for this throwback im a fan of hers excited to check on the new album. So am i before we look at global markets, lets go to the story that everyone is talking about we have a winner, one lucky t n person in massachusetts is roug...
June 28, 2024
Tax reform or tax cuts eamon . Yeah, we had some dramatic comments today from gary cohn and the financial times. Gave his first interview in the wake of the president s handling of the charlottesville, virginia incident and didnt pull many punches. Heres what he had the say talking about his reaction to the president s handling of tha event. He said ive come under enormous pressure both to resign and to remain in office he said the administration can and must do better on this issue. He said how...