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June 29, 2024
It is pretty small. We are looking at small moves for the major averages. A mixed point at this point picture at this point. Really tells us investors remain uncertain about so many macro concerns out there, from geopolitical concerns, uncertainty in d. C. , watching Hurricane Irma and the impact force since four sections in the financial market. Believes that in the relatively near term, we are going to see new highs for the major averages. Despite the bearish activity that julie was talking ab...
June 29, 2024
Happening in washington and focus on wall street the capital can be a disturbing side show. The truth is, theres a tremendous disconnect between what our leaders are doing and what our stocks are doing. That really matters. On day like today with dow gaining and s p advancing. 12 to record close and nasdaq ending flat, very much in the grips of washington. Even though after you hear this top monologue, i think youll agree we shouldnt be. First complain how political news interacts with stocks in...
June 29, 2024
By 15 points lets look at overnight in asia. The nikkei going strong closing at the highest level since 1996. A gain of 132 points that puts the nikkei at 20,823 hang seng was up by 0. 6 pfr . The shanghai was up by a quarter percentage point in europe, you will see that at least in the early going things have been mixed. These are modest moves in spain, stocks are under pressure down by 0. 9 this is coming as some concerns arise in catalonia. Well talk more about that in a moment we have news j...
June 28, 2024
Colombia where he will likely field questions about the russia investigation. Thats live as soon as it begins. Now, my exclusive interview with bank of america ceo, find out what Brian Moynihan of 21st Century Glass stegal may not be as bad. Thats coming up. Unrolling Net Neutrality rules, the Michael Powell tells us why this is the right move in a first on cnbc interview. But, we begin with a very Good Exchange between steven mnuchin. Ylan has the story. Reporter it was testy. This was mnuchin ...
June 28, 2024
If you check out crude oil, which is probably the biggest market story weve been watching for a week or so crude Oil Yesterday was up slightly to 42. 74. This morning up to 42. 84 youre still talking about wti below 43 a barrel. Americas 34 largest banks did well in the stress test. The results show even during a large recession large banks would be well capitalized and could support homes and businesses when times are tough. The second part of the stress test will be released next wednesday. Th...
June 25, 2024
Jonathan we are looking forward to that conversation. Futures are largely stable. They are down about three points. It looks like we are going to have a stable start to the day. Euro, 11322. You can see the story at the bottom of the screen. Wt is wti is up two percentage points. The yield on the 10 year is upon basis points. 2007. The narrowest since david lets go around the world for indepth coverage. Both kennedy will tell us whats going on behind the surge in oil prices. Were going to start ...
June 25, 2024
The 100 billion beer deal has been brewing for months is closer now to being a done deal, sabmillers board will recommend that Shareholders Approve a take overby anheuserbusch inbev, boosted initial offer to the postbrexit drop in the british pound. Facebook could you up to an extra billion dollars, a transfer of assets to ireland in 2010 and new york fed is asking the Philippine Central Bank to help recover 81 million stolen by hackers back in february. That 81 million belonged to the bank of b...
June 25, 2024
Week on wall street and the dow component pretty much responsible for keeping the blue chip index in positive territory for the week as the Company Releases its iphone 7 smart phone. We will look at whether it is worth upgrading and whether the stock can keep rallying. Twitter moving higher after streaming its first nfl game last night. It was kind of cool. Pretty cool. We will get the ratings any minute now and tell you what they mean . And the government fining Deutsche Bank over Mortgage Secu...
June 20, 2024
At this hour, at least right now, there are some modest advances. Germany up by about 14 points. Ftse up by 8 points and in france, the cac up by about close to 10 points. In geopolitical news, we are watching the situation in ukrai ukraine. The Ukrainian Government warns a ceasefire with pro russian fighters would end tonight. If the two sides failed to reach a deal on lastminute talks. Meanwhile, there are reports of heavy fighting around separatist strong holds in the eastern part of that cou...
June 19, 2024
Landing by the end of 23 but i dont know ive been wrong on a lot of things i could be wrong on this but thats our forecast which is recession in 23 joining us here at the nyse. Managing partner, cnbc lowe tony here and druckenmiller has been negative for a long time but sticking with his guns this terms of a hard landing in 23 and chastising the fed and boe or what he believes is a mistake now. What we saw was that the inability for the fed and chairman powell to acknowledge the fact that inflat...