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June 29, 2024
This joint News Conference 45 minutes ago with the Prime Minister. The president also taking the time to attack Health Insurance companies for cashing in on obamacare saying quote hes not going to subsidize them any longer. He also said he thinks he has the votes to pass a fix that includes block grants for the state. But none of it, well see none of it before tax reform is finished. The second step in the tax reform process going on right now on capitol hill, the senate is debating the budget f...
June 29, 2024
Data, low Interest Rates not too shabby, especially for a market run that many, including people right here on this desk, have been skeptical of so is this rally finally earning, get it, earning respect . Is it safe to call this the greatest bull market of all time guy. Im one of the skeptics but ive also said you have to respect the price action markets dont give you ample time to buy low and sell high, it keeps grinding higher is it the greatest bull market of all time . Apparently so with tru...
June 29, 2024
Because of some strong gains from unh, Johnson Johnson and Goldman Sachs. We will keep an eye on futures this morning as we continue to get the Earnings Reports ibm today lets look overnight in asia. We have seen japan close higher. Youre looking at a gain of almost 27 points, 21,363 hang seng closed marginally higher the hang hishanghai was up by a quarter. In europe, in some of the early trading, the dax is the leader, up over 0. 6 cac up by a half percent the ftse is up by a third of a percen...
June 29, 2024
Is. Our objective is to get it on the president s desk by december to get him to sign it this year. Well work on this as fast as we can but theres no artificial deadline. As i said all along, this is a pass fail exercise and weve got to get it done to create Economic Growth and create a competitive business system. Maria the optimism hitting 23,000 yesterday for the first time. Indicating another rally at the start of trading this morning. The market will not quit. Update quarter of a percent of...
June 29, 2024
Clinton. Whose state Department Approved a deal to sell uranium 1 to russian atomic agency. At the time 4 House Republicans urged Obama Administration to block the deal because of National Security concerns. They rightly sounded that alarm it would give moscow control of 20 of u. S. Uranium reserves and a controlling interest in one of condition res largest urainion countries largest uranium mining sites. We have just learned there was a criminal invest gre investigatio official at the atomic ag...
June 29, 2024
If youre an investor you want to always Pay Attention to what the news is and probably shouldnt discount anything, but the real question is do you react to it . So we actually went back and looked, every single iphone launch within lets say the span of six weeks there were supply chain rumors making their way to the sell side that generated either cautious notes. In other words, these things are never like, hey, were hearing great things about the next iphone, time to get in you almost never saw...
June 29, 2024
Cover the use rain yum scandal and russia has 20 of our uranium, for whatever reason, and a lot of people understand what those reasons may be. Thats the real russia story. Not a story about collusion where there was none. It was a hoax. Lou x learned Obamas Justice department blocked an fbi infoamant from testifying. The denial of access to the informant is in itself illegal and unconstitutional. The unidentified american businessman turned informant is said to have direct knowledge of how the ...
June 29, 2024
10ye 1 10year yield highest since july the gop does move closer to tax reform what does that mean for investors . Ge is down sharply after a wider than expected Third Quarter miss slashing the full year guidance, revenue did meet estimates in the release John Flannery said this was a very challenging quarter. While a majority of our businesses had Solid Earnings performance this was offset by the decline in power performance in a difficult market. Stay tune for david aegs exclusive with flannery...
June 29, 2024
Hitting the stock, costcutting, threat of dividend being cut. We have everything you need to go going into the report plus full coverage and also of the Conference Call, we will bring you that as soon as it hits the tape. Coming up, plus broader markets this morning looked like this, futures indicating another rally higher after last nights budget vote, this market will not quit, up 100 points at the open is what we are expecting this morning. In europe gains across the board as well. Take a loo...
June 29, 2024
Need 50 votes to pass. Surely the republicans can get these 50 votes. And here is this mornings president ial tweet. The budget passed late last night. 51 to 49, we got zero democrat votes with only rand paul, he will vote for tax cuts, voting against. Investors clearly share the confidence, expect another record high moments from now. Totally different subject. A passionate rebuke to Federico Wilson and the media from white house chief of staff john kelly, she was wrong, he was right. Wait till...