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June 29, 2024
Were the two profit drivers in the Second Quarter for General Motors and more importantly for investors, margins were above 10 and for the remainder of this year General Motors expects business to be Even Stronger in part because of pickup trucks in north america. Our pickup share in the Second Quarter was up close to 3 Percentage Points on a year over year basis. So we continue to see a lot of Strong Demand for fullsize pickups, suvs and crossovers. To drive that point home think about this. Ye...
June 29, 2024
The dow now down 4 . Nasdaq giving up 181 points. We have full team coverage. Bob pisani clocking the action at the stock exchange. Bertha coombs at the nasdaq and Jackie Deangelis at the nymex. Lets start with bob. Apple helping to turn things around. Emwas typical. The big plunge and recovery we saw all within 15 minutes. Apple opening down from thursdays lows. Recovering and testing it around 9 45. Let me show you intraday full screen of what the day looked like for apple. It doesnt do justic...
June 25, 2024
The survivors are seeing less than the 20 day moving average. This is where we stand. The dow is down by a hair. Of course, we are seeing some impact from gdp data from the Second Quarter coming in less than expected. A bit more pressure on the fed. S p stillsaid, the managed to hit an intraday record high, 27 point 09. In the past month, we are up 5 on the month. We are off by a couple of points with a few hours left in the trading session. This is five months in a row for the s p. Gold is also...
June 25, 2024
That victim was even 18 years old. We are live in oakland with the latest. Katie . Reporter keep in mind the criminal investigation into the officer misconduct is still ongoing with Alameda County d. A. The mayor did issue disminute nary action towards members of opd involved. Let me show you video of the woman at the center of this. Shes seen here with i team dan noy noyes. Internal affairs conducted more than 20 hours of interviews as theyre working on the investigation. Today, the mayor annou...
June 25, 2024
Conduct, assisting in a crime of prostitution, accessing Law Enforcement data base for personal gain, failing to report a violation of law, and bringing disrepute to the department. The Seven Members of opd are suspended without pay for their alleged involvement in this scandal. Now, the mayor issued an apology and a promise following this announcement. A loud, clear message that we will hold our officers to nothing but the highest standards of professionalism and integrity. Along with the annou...
June 24, 2024
Once internet darling . Matt i should have said once internet darling. [laughter] julie lets take a look at the stocks, the s p and dow are down. This has been another lowvolume day. Below the 20 day average at this particular time. The sort of mixed picture you see, the sort of drift that you see, it is reflective of the market. We saw the nasdaq overall at one third of 1 . We are seeing large tech stocks outperforming. This is a rotation that is coming back a little bit over the last week. We ...
June 24, 2024
On the best week for stock since thanksgiving. Right now the dow, the s p and the nasdaq are hugging the flat line as you can see but three great days of course monday, tuesday, wednesday, begging the question, is the rally sustainable or is it a move that you should now fade . John whats your view. I dont know that you fade it simon but you certainly take some profits. I have been talking about that along with other panelists as far as selling call options. Im selling covered calls into this ra...
June 24, 2024
Hallelujah now, i for one think that oil is going to stay lower longer. We ran up to that 34 level as we did earlier today. We start getting some real resistance because there are so many strapped Oil Companies out there that need to dump crude on the market or sell futures to its almost impossible to get over that 34, 35 hump. Thats why i urge you to understand the rhythm we have got going here in this market and recognize that occasionally well get selloffs in the stocks of companies that deli...
June 24, 2024
You can bet that even a mediocre quarter will be rewarded with applause and a rally. Hallelujah now, i for one think that oil is going to stay lower longer. We ran up to that 34 level as we did earlier today. We start getting some real resistance because there are so many strapped Oil Companies out there that need to dump crude on the market or sell futures to hedge and bring in cash. Its almost impossible to get over that 34, 35 hump. Thats why i urge you to understand the rhythm we have got go...
June 24, 2024
To it. Thats why this market started so strong today and then petered out when oil reversed. Closing down 57 points. S p backsliding. 19 . Nasdaq. 18 . Oil was strong. This oil makes everything very difficult to figure out. Because if a Company Reports an amazing quarter on a day when oil goes down, the stock will get hit regardless. But if oil is flying buy, buy, buy you can bet that even a mediocre quarter will be rewarded with applause and a rally. Hallelujah now, i for one think that oil is ...