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June 29, 2024
Shares of dow component nike rallying today after the company said it expected sales growth to be in the high Single Digits over the next five years the Company Holding its investor day investors are liking it so far so far. And mark parker will be joining us in a rare and exclusive interview to discuss more about his plans for growing revenue for the sportswear giant. Its the best performer in the dow components today President Trump said earlier this afternoon the u. S. Desperately needs tax c...
June 29, 2024
Every friday. The second a major decline for major averages, the first weekly decline for the s p 500 in nine. It was on a eight week winning streak, and this is partially due to concerns or at least a andh of tax cut legislation when Corporate Tax cuts could happen. If you break it down, you see some underlying weakness and specific in specific groups, namely energy, which is down 1 , and health care as well. You have consumer stocks both stabled and discretionary shares. Oil,u go through them ...
June 29, 2024
Yales Robert Shiller with that today. Professor, welcome back. My pleasure. Your new survey says investors are the least bullish they have been since back to 2001 energy. Well, thats true but they were very bullish just several months ago so its kind of oscillating were referring to my oneyear confidence index. Yeah. Yale school of management publishes. What do you think it all means for where and how investors see where the stock market currently is after whats been a really strong year . Well,...
June 29, 2024
Im sue herera. Home depot has a lot working in its favor. General electric, right now anyway, does not. Lets begin tonight with home depot. The Home Improvement retailer not only beat earnings and revenue estimates. It also saw same store sales blow past expectations and raised its outlook. The stock rose on the report, adding to its 25 gain so far this year. Courtney reagan star reporter while many areas of retail are at best inconsistent right now, Home Improvement retail remains robust, espec...
June 28, 2024
In fact entirely for those three in the green. Look at spain there right now, or italy. They may be up, i believe. Ten year note yield had been hovering around 2. 2. Moved up a little bit yesterday. 2. 24 is where we are right now. On the ten year note yield. You can see crude oil also edging above 50 bucks. Thats important because it should produce some sort of movement in the stocks. It has not. Schlumberger, the Great American the Worldwide Service company is pretty much where it was give or ...
June 28, 2024
Germany ahead of the g20 summit. Police firing Water Cannons with other lesh measures to gain control of pretty rowdy crowds. President trump and World Leaders arriving on growing threat of north korea, world trade. Situation in syria. The tomorrow the president will have the first facetoface visit with Vladmir Putin. We will be following all of these protests bringing you developments throughout the hour. Melissa back to the markets. Dow sinking for the second day driven lower by shares of gene...
June 28, 2024
We begin tonight with a big quarter for some of th jpmorgan, citigroup, wells fargo n expected earnings. L reported thats the good news. But theres more to it. And its important to ups whats happening in that sector, which plays a vital role in the econom activity for both households and businesses. Today, those better than expected earnings werent enough and they finished lower. All four banks reporting today. J. P. Morgue p, citigroup, wells fargo and pnc beat earnings expectation, so why did ...
June 27, 2024
Welcome to squawk alley. Jon fortt with mike kantoly at post 9. Kayla has the morning off. Jop jo jon . Lucky number 13 for the markets. The blue chips marching towards 20,000. In case you were counting, 42 days till donald trump becomes president. Will this trump bump lift all or hiding future risks . Joining us are Brian Jacobson and here at post nine john stoltz, oppenheimer asset managements chief investment strategist. Good friday morning. Good morning, jon. If im not mistaken, john, your p...
June 27, 2024
Rally as investors become increasingly optimistic, and look for stocks that could benefit from economic growth. Here are the closing numbers for friday. The Dow Jones Industrial average up 142 points to 19,756. It now sits just 1. 2 from 20,000. The nasdaq added 27, and the s p 500 was up 13. Stocks turned in their best Weekly Performance since the election with all of the indexes gaining 3 or more. Bob pisani looks at whether this wave of optimism will bring back the average investor. The marke...
June 27, 2024
Rally as investors become increasingly optimistic, and look for stocks that could benefit from economic growth. Here are the closing numbers for friday. The Dow Jones Industrial average up 142 points to 19,756. It now sits just 1. 2 from 20,000. The nasdaq added 27, and the s p 500 was up 13. Stocks turned in their best Weekly Performance since the election with all of the indexes gaining 3 or more. Bob pisani looks at whether this wave of optimism will bring back the average investor. The marke...