Continues to look dicey ahead of critical Earnings Report next week well discuss what is riding on that during this final stretch of trading elsewhere, chevron, a huge drag on the dow today after its earnings and concerns about its planned deal with hess j j, amgen, look at them also weak them, weak spots, de health care putting in a tough week we are watching jpmorgan, too, you heard the news yet again a moment ago, down near 4 jamie dimon will share some shares for the first time as that companys ceo it does take us to our talk of the tape what might the week ahead bring with apple on deck the fed meeting in focus, and probably so much more. Lets ask the chief Investment Officer for new edge wealth with me here, good to see you welcome back as i said, an ugly end to a pretty rough week, what do you make of it it would have been nice to see a healthier bounce, mostly coming out of yesterday, where a lot of the indices got shortterm oversold. We saw the rsi hit oversold levels some of
Yeah, san mateo also. Youre youre sliced off the edge there, but the eastbound traffic is backed up. Thats the usual thing that you get this this time of the day. Thats right. But today is the busiest day of the week. If youre flying to your destination with more than 53,000 flights scheduled, we have team coverage. Abc seven News Reporter Gloria Rodriguez is at sfo. But lets begin with abc News Reporter jacqueline lee. The travel rush has begun this years memorial day weekend, kicking off what tsa says will likely be the busiest start to the Summer Season on record, with the agency predicting more than 2. 9 Million People passing through airport checkpoints on thursday and friday. Its a pretty big increase from last year, and last year was a really big increase from the year before, so record volumes without question, the faa is expecting more than 53,000 planes in the sky. Weather is also a major concern, with Severe Weather expected for much of the heartland, including dallas, Oklah
A dangerous world that could blow apart at any moment . An uptick in the 10 year treasury. I think it is the latter. When Interest Rates went up, they plunge. Rates went lower and stocks were terrible. It was 9. 1 and 7 . The nasdaq advanced for. 2 7 . People can understand the problem with geopolitical turmoil. Israeli Defense Forces rating gaza. All times. They are budgeting outof control but we dont have a speaker of the house. If i tell you why they pulled back from their highs today, you might laugh. There is a guy, billionaire. He covered the short sale of bonds because there is too much risk in the world to have bonds. There was a tweet that moved the multitrillion dollar bond market. Tons of investments by stocks. Think of all the absurdity of all this. There is a lack of demand. The market is saturated with them. That is how they borrow money, uncle sam is borrowing like crazy. It is supply and overwhelming demand. The amount against treasuries is a record high. Shortsellers t
Put it, many in the media badly screw up when it came to that terrible bombing of the Hospital Grounds in gaza city. New york times, and the paper was not alone, ran this Banner Headline israeli strike kills hundreds in hospital, palestinians say. At least theres that attribution, but that really means hamas said it. The Terrorist Group that controls the gaza government with, that launched the war with unspeakable atrocities, that that has a long history of deception. Well, it turns out the accusation wasnt true. Israel never targeted the hospital. What sense would that make in its hamas that carries out massacres. Israeli intelligence said it was an errant rocket fired if from within gaza by the Palestinian Islamic jihad, and President Biden backed that up citing pentagon intelligence. Based on what ive seen, it appears as though it was done by the other team, not you. Howard israels channel 12 the later showed video of a rocket being launched near the hospital and the explosion outsi
Money. So the market is on autopilot and investors are loving it. Lets face it, all news right now is good news. Thats until good things, you know [laughter] until its not, right . Bekno how that works. We know how that works. Ive got a rising superstar on wall street who says a pullback is due can, but it would be a buying opportunity. Shell explain. And i have two brilliant economists who are going to give us the unvarnished a assessment. And hes back, folks, the perm ma bull has raised his targets to the highest on the street, why brian belski thinks the markets going higher and how we get there. Dont miss my take on blowing smoke on the inflation crisis, politicians trying the make you look really stupid. All that and so much more on making money. Charles there it is. [background sounds] charles this is your captain speaking, the market is now on autopilot, right . Good news is good news, bad news is good news, mixed news is good news. Just sit back, relax and enjoy the ride. Take