It is tuesday, june 18th Worldwide Exchange begins right now. Welcome to the show. Welcome from wherever in the world you may be watching. Im Brian Sullivan thanks for joining us. Two major market stories developing at this hour. Futures are higher right now nothing seems to hold this market down. Dow futures up 74. All as the fed kicks off a twoday meeting today. Tomorrow we get the decision on Interest Rates Pay Attention to this. I know its wonkky. The yield on the german tenyear note our tenyear note is yielding 2. 5 . Their tenyear note is yielding negative 0. 29 with this press conference from the ecb, we saw the yield on the tenyear bund in germany continue to fall you are paying to borrow money its an incredible story there well have more on these big stories coming up. First we have to get to europe we have breaking news there on facebook the social network revealing its cryptocurrency ambitions lets get to Julia Boorstin in cannes, france with more facebook announcing a new D
Well take you through live for her comments. She will be asked about some of the biggest issues facing business and tech and i imagine some politics, too. You would imagine so, yes. This is the final hour of trading for the month of may, so your last chance to sell in may if you were so inclined. The nasdaq, of course, has been the big out performer. Discuss whether it is time to sell some of the high flying tech names. Well see where the market on close number is. As we head into a traditional i dont like to talk about the traditional. Hasnt work that great. Well talk more about them, dont worry. Begin with netflix ceo making headlines at the conference a few hours ago. Our Julia Boorstin is on the scene with more. Julia. Reporter hey, kelly. Thats right. Netflix ceo reed hatings tells me he is scared of amazon, really scared as amazon ramps up its investment in original content. But he says he is going to broaden the library and grow the subscriber base. If we try to out amazon amazo
The moment, cac 40 down, ftse off by just under 2 10 of 1 , still waiting for the dax to open. We are not seeing that optimism we were seeing in the markets yesterday at the moment. I want to show you the main stocks we are watching, starting with siemens. Fourthquarter profit was a beat, and what we heard is that the company will raise the dividend, also announcing its second Share Buyback since the ceo took the helm two years ago, as he expects no broken 2016 Profit Margins. Rollsroyce we arent seeing in move yet, but profit this year will be at the lower end of the range than forecast because of additional headwinds in the aerospace and marine market. Sharply weaker demand is forecast. Finally, burberry this was a profit the firsthalf after the company had been cutting cost, because the challenge it has been facing mainly in china. That led it to have this profit warning last month, shares dropping the most in three years. We see them up a bit today on that beat and the news about t
On April 23, 2024, GE Aerospace (NYSE: GE, $161.26, Market Capitalization: $176.5 billion) reported robust 1Q24 results, with a strong beat on EPS versus consensus.