Some of the most expensive neighborhoods on the homes on the outskirts of los angeles. It has jumped forward to give us the firsthand do. Specifically palestinians in the egyptians and that jordanians now speaking out against President Trumps decision to move it. An important step. Not every israeli likes the idea. He is for it. He will tell us why others are against it. The tax reform effort. Running to the tax reform. When the house and the senate merge. We have no other choice but to begin with the wildfires. To take full of the wildfire. It is a live picture in daily. It is now burning. Some have already burned down. We are hearing from Beverly Hills police department. While the fire is not yet threatening what is going on is on alert. The city which of course is east of santa monica and in between sunset boulevard and well sure that is the area and i will show you a picture. Anybody who lives on the west side is very close right now. Its a different kind of fire there. Israel reac
Not seen the kind of range today we have seen in recent days, that changes in the markets prove me wrong. We swung from a loss to a gain. It is a smaller loss than we have seen in recent days. Still, the volatility is there, or the swings are there and daily averages. There was no catalyst that seems to send stocks higher. If you look the daily range, with the average, you can see that today, yes, the range is on a relative basis somewhat smaller. Overall, the range has really ticked up recently. Lets zoom in to get a better look. There you have it. Here is todays daily range versus where it has been recently. It is higher on balance that it was last year on a typical day. . Hat is leading stocks higher we have Consumer Discretionary stocks performing well today. Ther armour is helping lead gains there because the companys earnings and revenue came in better than estimated even the north american revenue still fell. The rates of decline is still smaller than it has been in recent quart
Be more big moves next week. Oil staging another big rally today. Yesterday traders said it was mostly Short Covering. Could this be the beginning of a real rebound for the commodity . Weve got rbc commodity guru helena croft joining us live. We have bob pisani tracking the action here at the New York Stock Exchange. Kate rogers at the nasdaq and jackie d at the nymex. Finally more typical august day. There is a little fireworks in the energy space. S p 500, a narrower range, about 15 points. That would be more than normal on a typical day. Compared to what weve seen, other than a slight swoon in the middle of the day, its been fairly straight and narrow here. I want to show you what markets are doing here. Well call the trading range narrow. Volume on the heavy side. Not as heavy the prior four, five days. Heavy for a day in august. Breadth 32 advancing to declining. Thats been holding other than a droop in the middle of the day. Volatility is flat. Look at names like mid state petrol
You had a sloppy fiveyear note auction for the treasuries today. That has served to push some yields higher today, so theres been a selloff in bonds on the long end of the yield curve and so many other things going on. You want to talk about some of the data weve gotten. That First Quarter gdp number doesnt look that strong and earnings. We have a lot to get to. Weve on a watch for a new high on the nasdaq. Not happening today. That index is down significantly. Its the russell thats up there right now and not the nasdaq, our old friend on the board over there. Interesting change. Youre right. They did move that. Look at that, down 22 points. Thats for us to worry about, not you folks. Another of the culprits moving stocks lower today, biotech looking very sickly. Look at that, 4 decline for biogen which just the other day was zooming on the alzheimers drug story and others are following suit as well today. Thats another sector were going to look at thats causing some of this selloff. L
Insteel Industries, Inc. (NYSE:IIIN) Q1 2024 Earnings Call Transcript January 18, 2024 Insteel Industries, Inc. beats earnings expectations. Reported EPS is $0.06, expectations were $0.05. IIIN isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning. And welcome to Insteel […]