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June 20, 2024
Aspect of your financial life. And sometimes that means we need to take a deep breath, step back from the daytoday nittygritty of the market, and focus on the educational side of things. What i call investing 101. Honestly, if any university was ever crazy enough to give me tenure, i could teach an entire semesters worth of classes on just the basics. But that presupposes any institution of Higher Education here in america would even be interested in teaching you how to manage your money. Most s...
June 20, 2024
A bit yesterday in yield. As for crude oil which has been the key to the stock market of late, you can see we are down on the allimportant wti crude. Lets get to our road map this morning on squawk on the street. Markets set for a lower open. Even as gdp comes in above estimates. The fed outlines the end of that bondbuying program. Visa and mastercard both higher premarket after reporting results ahead of the streets expectations. Both companies citing higher volumes. One of the most high profil...
June 20, 2024
Quarter costs as litigation costs topped 3 billion euros. Investors Unfriend Facebook shares after the tech giant warnings spending could outpace revenue next year. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. And it was a big day for wall street, better than expected Consumer Confidence report helped stocks close at session highs ahead of todays big fed decision which we would be discussing throughout the hour. The dow did close back above 17,00...
June 20, 2024
Yield. How much is the u. S. Government paying you . There you go. Crude oil which we have been taking a lead from. Ive got good stuff on crude. You do . Cant wait to get to it. We start with twitter. Sheriffs getting hit hard after the Company Reported Slower Growth and guidance. Not good for the rest of the year. A couple of dow components reporting before the bell this morning, as well. We are going to have headlines on two big names for you. Talking pfizer and dupont. Plus, apple and alibaba...
June 20, 2024
Bizarre correlations taking the averages down with it. Down later in the day actually allow you to make any money . Is it possible to navigate your way through a day like today after really nasty initial decline. The dow only gain 13 points. S p did backslide. 1 but the nasdaq advanced. 05 . Do you know what the answer is . Yes. But first you must accept and come to terms with if not love the basic stupidity of the markets daytoday and hour to hour judgments before you pull the trigger. Lets sta...
June 20, 2024
I have a new Kindred Spirit it turns out. So yes. 106 alltime high territory trading at close to 750 a share before the 7 for 1 split and its as you see there having another big day up right now. And its a big day, a big gets here on closing bell. Etna ceo, td amertrade ceo and John Huntsman sr. Giving away most of his wealth to fight cancer. So much to speak with him about. Cant wait for that coming up. I love jon huntsman sr. , such a charismatic figure. Before that, facebooks earnings will be...
June 20, 2024
We know a child was transported here last night, this morning, developed a fever and now he is being tested for ebola. We are told preliminary results from that test should be available in 12 hours. We hope to hear something sooner. We will bring you the details as we get them later. Dr. Craig spencer is if treatment here. He is in serious by stable condition. We know he has received a antiviral therapy and though we know that his disease is progressing into a more difficult course, he is partic...
June 20, 2024
Barely staying positive. Gives you a sense of how much people are trying to figure out whats driving these gains here and just as brian and man dimensioned, some questions again about the chip sector. For weeks this one, whether microchip supports moving to sector, philly stocks down 10 points now, comments about inventories, speaks to the level of nervousness abound. Russell 2000 a lag guard today as well. See how quick our guys are in the booth. Transportation rally, another point of view, dow...
June 20, 2024
2. 293. Yes, this was the year when we were going to go higher in yield. No, its not. Spain, 2. 1. Yes, spain is 2. 1. I like to go through all of those. And germany, 0. 88. All right. Crude oil, which has been the key to this market, according to my buddy next to me here, the key. You can see right there we are above 80 on wti. We breached it earlier in the week. Were below it for a bit. 82. 48 right now. When goldman said it should go lower, they took it lower. Now its bounced back. That was t...
June 20, 2024
Program that was first launched during the crisis. Now the question is just how long janet yellen and company will keep the fed low. Youll see the dow futures are indicated positive, up about 18 points above fair value. Nasdaq futures slightly weaker. If you watch whats been happening in the early trading in the european markets, youll see at least right now there are green arrows across the board with germany up by 0. 8 . The ftse in london up by about 0. 6 . And in terms how how things closed,...