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CNBC Squawk On The Street June 22, 2024 - Vimarsana News

CNBC Squawk On The Street June 22, 2024

Zinc. Apple shares under pressure with a rare disappointment for investors. Shareholders also frustrated with yahoos results and microsoft posted the largest loss ever. The story of the morning, apple with results did beat on the top and bottom line but iphone shipments lower than estimated and projecting Fourth Quarter below estimates. They didnt break out the apple watch sales as a category but they did address demand. A major highlight for the last quarter was the launch of apple watch in april. As you know weve been very excited to get this revolutionary product to customers. We started ta...

CNBC Squawk On The Street June 22, 2024 - Vimarsana News

CNBC Squawk On The Street June 22, 2024

Big premarket moves on mixed results from cat, gm and mcdonalds. Global volatility, a common theme. Apple cut its spending forecast by about 1 billion. Well explain why. Qualcomm looking for 1 billion in cost cuts by trimming workforce by 15 . First up caterpillar shares taking a hit on a quarterly miss hurt in part by weakness in mining and construction in brazil and china. Cats lowering their full guidance. Doug oberhelman did talk about it. At some point, the economy will stabilize and business will pick up. It was too whose in 2012 and too slow right now. Somewhere in between is where we w...

CNBC Closing Bell June 22, 2024 - Vimarsana News

CNBC Closing Bell June 22, 2024

Numbers, plus his thoughts on the minimum wage. Well see how those new oreo donuts are selling. Fbi cracking down on chinese corporate espionage. The economic bellwethers, caterpillar, 3m moving lower on the back of earnings. Caterpillar ceo was on squawk box earlier and spoke to the global head winds holding back not only the economy but his own business. For us to drive sales and drive employment we need 2. 5 to 3 . Having said that we are doing an awful lot of things internally to make sure we are strong strengthening our company for the future. Its all those things. Weve got oil price cut ...

CNBC Closing Bell June 22, 2024 - Vimarsana News

CNBC Closing Bell June 22, 2024

Favorably toward amazon when it punished apple after it posted a nearly 11 billion profit . Top tech fund manager will join us with his take. Spirit airlines the Company Calls unbundled air fares. Reporting earnings this morning. Well break down the numbers with ben baldanza. Steve guttenberg has a new movie. He will be live at the New York Stock Exchange to discuss it. Its got spdrs in it. Its going to be fun, tyler. We start with a move in the market. Stocks taking a leg down in the last hour. S P Energy Sector in particular having its worst week of the year. Its been a tough year. Joining o...

CNBC Power Lunch June 22, 2024 - Vimarsana News

CNBC Power Lunch June 22, 2024

Another big asian selloff. China losing 8. 5 in overnight trade and the hang seng in hong kong also dropping 3 . Japan a more muted drop but i think you get the picture. Europe falling as well. Germany and france bearing the brunt of the selling and the drop continues through the usa. We are off the lows of the day but as you can see the dow is moving to the downside by 133 points right now. The nasdaq is off by 46 points. The s p down by 11. The russell 2000 is down by nearly 1 folks, or 11 points. My old colleague now joins us with more on why china dropped so far, so fast. Reporter volatili...