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June 26, 2024
The trump motorcade excepting to leave this morning heading out to indiana to that carrier plant where he will announce a deal to keep about 1,000 jobs at that plant from moving to mexico. So were awaiting that movement and were also awaiting any new cabinetlevel announcements. Take a look at what we know so far of the trump cabinet. You see a lot of positions have been filled including Steven Mnuchin the likely treasury nominee. I spoke to him a few minutes ago and asked him if we can expect an...
June 25, 2024
Taking center stage. Joe across the board today, retail is the big loser. In the green, ultra safe utility stocks. Eking out a. 24 increase. A notable selloff after yesterday. I want to hammer home what happened in retail. What happened here was investors yesterday,this etf then we got macys numbers which are all. It killed most of the retailers today which were awful. Macys down, one of the worst performers in the s p. Staples the second worst performer. The big deal there is it will no longer ...
June 25, 2024
We dont know what hes going to say. Were interested. His supporters absolutely not happy. Theyve already taken to the streets. So, its a divided party and a Chaotic Campaign that kicks off a Philadelphia Convention hours from now. Theres just so much to go at this morning. Theres trumps reaction, come on over, Bernie Sanders supporters. The media reaction is not really that bad. All of that and there has been a suicide bombing in germany. There is a heat dome thats made for a sweltering weekend....
June 24, 2024
Percent and the dow is up little higher and the nasdaq is up by 1 . Question was whether traders would see a selloff before the president s day to day weekend but we are Holding Onto Gains as we go into the holiday weekend. Lets look at sector performance. You can see for the most part its a broadbased rally. The s p 500 10 sectors are in the green but utilities are down a little. Financials are the biggest leader up by 3. 25 and they were the biggest laggard yesterday. 2. 4 ials are up by 25 an...
June 23, 2024
This house i shall have further meetings with the house today. 75 years ago, sptfires and hurricanes were flying over in the battle of britain defending our country from hitlers agreaks. Its part particularly important that the air force defended the island will the Prime Minister join with me in paying tribute to those courageous r. A. F. Airmen who helped ensure we enjoy the freedoms we enjoy today. The Prime Minister i certainly join my friend in doing that. There was a very moving ceremony i...
June 23, 2024
Lately, volume down great slightly from the 10 day average, down about 1. 6 for the s p 500. It is a witching day, which means the periodic expiration of futures and options contract, which tends to cause more volatility and volume, but theres no sign of that for the moment. Major averages are up in the neighborhood of about. 5 . Thats as we go through the session. I want to return to whats going on outside of oxfam get a look at the bond market. We did here for mario draghi this morning saying ...
June 23, 2024
Silence for the french. We are hearing they plan to memorialize the oneweek anniversary in a unique way, by marking the occasion with an outpouring of noise and light. The french say noise and light, no silence. We take you live to paris where today the death toll has risen to 130 after another person died from wounds. And we have learned that two of the People Killed that night in the paris concert hall worked for the fourth biggest advertising and pr firm in the world. In this hour the ceo sha...
June 23, 2024
And we had to lift the vehicle off her ankle to get her out. That meant rescue crews were feeling around in the water for the part of the pickup they could jack up to free the woman. All told she was in the water for an hour and a half. She was showing signs of a mild case of hypothermia. She was in Good Condition at the hospital. A scary scene but good work buy rescuers. Sharon chin, kpix 5. After backtoback el nino storms brought heavy rain to the bay area now comes the good news. Our reservoi...
June 21, 2024
Innovation guy when she was secretary of state. Sayill see what he has to about the ongoing hack attack on sony. We both got to see the movie. Lets take a look at the top stories. Mentioned, the interview filled cinemas in a limited Christmas Day release. It was without incident. It opened on 300 locations and was made Available Online area the film had been linked to the hack attack. Live ands xbox problemson were having on Christmas Day. The videos affected games online. The same group took cr...
June 21, 2024
Little more negative. I really do. Think about it. Weve run so far, so fast, so much right now. And yet we dont have any new data points of consequence. Were simply paying more and more for the same exact insights. But it doesnt seem to matter, as we strike towards another set of new highs. Dow gaining 40 points. S p advancing 0. 51 . Nasdaq climbing 0. 671 . Not trying to be a naysayer, but pessimism has back the enemy of profits. Negativity isnt being rewarded at all, except in a narrow handfu...