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June 21, 2024
Mark welcome to countdown. Caroline also coming up an exclusive interview with she says she would do whatever it takes to meet the countrys fiscal targets. Stay with us for that exclusive interview coming up later today. Mark contrasting data from china and japan today. China showing signs of recovery in the factory floor. In japan, Business Sentiment is stalling. Lets start with good news. What is the story behind the china rebound . Good morning. We are talking about chinas growth. It is stead...
June 21, 2024
Offer. They say the 31. 2 billion offer is lower than the proposal, because mylans share prices have been inflated. The nasdaq surges to yet another record high. The index closed 7 10 . Strong earnings from google, amazon and microsoft helped fuel the gain. The nasdaq composite has almost quadquadrupled since march 2009. A time waster. A gambler, and an amateur. Thats how euro finance ministers described the minister. They made clear that greece cannot take any shortcuts to get additional aid. I...
June 21, 2024
They want to place bets on individual players and instead. Welcome to Market Makers, i am stephanie ruhle. Joe and i am joe, in for Erik Schatzker. Stephanie lets take you to the top business stories of the morning. We will take you to israel where voters continue to count ballots today in an election that is too close to call. One of the first to vote was Prime Minister Benjamin Netanyahu. He is trailing the Zionist Union, but both are well short of a majority. Whoever wins will have to form a ...
June 21, 2024
There are lingering concerns about alibabas ability to up international revenue. Chairman jack ma Just Announced a hiring freeze. There are concerns about their relationship with the Chinese Government, which said they are saying alibaba is not doing enough to crack down fraud on the site. I spoke with the new ceo, daniel zhang, a former accountant, who went from cfo to coo and now ceo. I asked him what he plans to do differently and when alibabas Management Team will stabilize. Daniel we change...
June 21, 2024
Lowest level in four months after retail sales were little changed in april. Stephanie alibaba announced they would be working with walmart allowing customers to use it mobile payment service. No cars, check out with a beep of your smartphone. Increasing prices in japan, australia come over the course of the next year. The new yorkbound amtrak train that derailed into philadelphia was traveling at 106 mile per hour just before the accident. That is more than double the speed limit. Go pro billio...
June 21, 2024
The close of trading. Scarlet fu is looking at the action on the markets. Scarlet they want to pull higher. They have been meandering all day. You have two Straight Days where the dow average moved at least triple digits or close, more than 100 points. We are not continuing that streak. We have been positive all day long. We are up 66 points. Trading in dow, s p, nasdaq stocks at least 10 below the 10 day average. Utility stocks are leading the way, up almost 1 . Energy stocks leading the declin...
June 21, 2024
From our studios in new york city, this is charlie rose. Charlie a young man named don keough worked for the butternut Coffee Company when it was acquired by coca cola in 1960. His life after that was never the same. Don keough would go on to lead coke as president and cfo from 1981 until he retired in 1993. During that period, revenue rose to 14 billion from 5. 9 billion and the average earnings gain was about 15 annually. Reflecting on his time at the company, don said, i kept my head down. I ...
June 21, 2024
Live from new york where business never sleeps this is squawk box. Good morning, everybody. Welcome to squawk box here on cnbc. Im becky quick with joe and andrew. Are you a millionaire in the making . If so a new Study Suggests that you are most likely a woman and youre in your 40s. The survey finds that 68 of emerging investors are female. Right now women only make up about 40 of the existing millionaire population. Well bring you the other common characteristics later this hour. But first let...
June 21, 2024
It is better than the consensus estimate of 1. 39. Revenue up 19. 8 billion dollars pretty much in line with what the bank had been expected to report. Net interest margin for the bank was the same as in the Fourth Quarter. Analysts were looking for a slight improvement, that did not happen. The same as previous the previous quarter. Consistent with what wells fargo had reported as well. Equity markets revenue 873 million. The bank had indicated that trading would be down mid to Single Digits ye...
June 21, 2024
Saudi oil export hits a nineyear high. Bikers arrested in waco are said to be members of motorcycle gangs. Capital charges are expected. President obama has joined twitter. Erik the Worlds Largest retailer being hurt by the strong dollar. Walmart posted profits that missed analyst estimates. The company is dealing with a broader shift than how consumers spend their money. Americans spend more on homes in the last three months. That boosted earnings at home depot. Firstquarter profit beat analyst...