Cooler numbers marks the fed has reached the end of the hiking cycle. And siemens has a net quarter loss the ceo tells cnbc it will take years to work through the challenges keep in mind the charges are provisions for the future. We expect this over the next year to evolve and it will take us twotothree years to work through this of and berkshire jumps to 150 billion with Warren Buffett posting a 7 rise with chevron paying off for the oracle of omaha. Very warm welcome to street signs and special because it is the first time in over a month were back together. We calculated it. Five weeks we havent done the show together. I missed you. I missed the show. It feels good with that, i guess we should talk about aramco. A hard pivot. Lets get to it. The earnings do continue to roll in this time from aramco with 40 plunge in Second Quarter net profits with low oil prices with refining and chemical margins. Dan has been pouring through the numbers. Dan joins us now dan, it looks as aramco wea
America and it was also very sad driving through washington, d. C. , seeing filth decay, and all of the broken buildings, graffiti this is not the place that i love, this is the persecution of the person that is leading by very, very substantial numbers, in the republic primary and leading biden by a lot, so if you cant beat him you persecute him our prosecute him. Maria former president also writing on truth social i need one more indictment to sure election jon ernst Moxila Upadhyaya great to see you. Thanks for being here Moxila Upadhyaya thank you Moxila Upadhyaya how do you access what is taking place senator . What i hear from iowans is that they believe there are two systems of justice we have one system of justice, if your last time is trump and you have another system of justice, if your last name is biden. So, of course, iowans are upset, they want those who have done things wrong held accountable they dont see that in this case they see this a political move with the latest
To fruition. What it means for the streaming and the streaming place. Im courtney reagan, in this evening for melissa lee, coming to you live from studio b at the nasdaq we will start with apples revenge. Shares jumping 2. 5 in the session and adding 65 billion to the companys market cap just today, by the way. The stock closing above its 50day moving average for the First Time Since january the latest move coming after bernstein upgraded the iphone maker to outperform, telling investors to buy the fear. The stock had been down 12 in 2024 before todays call but can the momentum carry apple into earnings coming in on thursday, will it hold through all those numbers . Many of the big tech names that reported last week were under pressure today meta is down 12 since its report on wednesday. So, should investors worry that apple will fall into the same trap after its report or will it gain some appeal as a defensive play tim, youre nodding your head. What do you make of this call . Theyre
Thats hoping to boost sales. The stock is on pace for what would be its seventh straight day of losses. Its down 20 in this month alone. And the house passing legislation over the weekend that could lead to a ban of tiktok in the United States. Lets begin with the markets after last weeks tech selloff. You now have 29 of the nasdaq 100 components down 20 or more below their 52week highs, more than 3 4 of the ndx falling from such highs. Friday, the equal eight s p, best day in a few years. You know, we saw something really interesting on friday, super micro, down 25 . Thats an analog to nvidia. Nvidia has much higher intellectual property. Thats because it announced when its quarter is coming and this is the first time in so many quarters they have said, hey, were doing better than expected. Its similar to what happened to broadcom. Broadcom, on april im sorry, march 8 said the same thing. They did not preannounce. Go back to that period, the unemployment number that friday, thats the
Of foreign lands, like the greek deal had ended our obsession with whats happening overseas, were suddenly back in the soup bowl over again, but it a with china. The true proximate cause of the selloff. S p plummeting 1. 07 and the nasdaq losing 1. 12 . Yep, the idea that theres big trouble in not so little china based on so some weak chinese orders and the stock market that we know is being propped up by the communist party, thats what lay behind the carnage. Its breathtaking by the way. It has us thinking something evil does lurk in china and china, some think it can take the whole world down with it. Its short term top in our markets at least until we get some clarity on what is going on over there. Thats not so easy. I have no idea what the real situation in the peoples republic and neither does anyone else and maybe not the people running the country. Thats the new emperor has no clothes theory. The vast majority thought that china was slowing. The totalitarian government will exe