Details for a continent wide bailout. Hundreds more die in italy and spain. We have the stock rally here as well as futures in your appointing lower. Futures in europe pointing lower. This is european banks halt job cuts during the crisis. Awayunder an hour from cash trading. Take a look at the futures. After three consecutive days of gains, we have not seen anything like that on the dac since the beginning of february. It has been almost two months since we had those gains streaks, in which case you can understand that futures are off a little bit. Dax futures off by 0. 6 , cac futures down. After thees are down Dow Jones Industrial average rose 21 in a three day session. They have gained back able market, the fastest since 1931. They are off by 0. 9 . Nasdaq futures down by a little more than 1 . We do see a little bit of a drop in futures, but in the stark market in the stock market lately, we have seen speed regardless of which direction you go. After falling into a bear market at
good morning. welcome. once again, it s saturday, which means i get to sit down with some smart people, to tackle the week s big stories, in a different way. this hour, we re asking, with democrats on a winning streak and the president s poll numbers really bad, should biden still get out of the race? then, the gop s akborgs problem can republicans change their tune and win back voters on an issue they have been pushing for half a century. and canada propaganda. we all saw dc panda bears head back to china and what it means for relations with beijing. is the panda story being over or underplayed. the panel is here and ready. so sit back, grab your coffee, and let s talk about it. first, our saturday starter, the democrats, yes, there was good news, great news for the president s party this week after big election wins but the president s week began with suggestions she consider ending his campaign for re-election. and now, he faces even more obstacles. democrats are still c
Economic Investment Data pretty much underwhelming in terms of getting investors a sense of direction for whats happening next. We know that the fed is less likely to raise rates. I thought that the isn Service Number of the nail in the rate hike as far as that was concerned. Thats one of the reasons you had some light rallying yesterday. Light selling. Not. But you see real estate actually bloombergimap on the , that will be traded until the 16th, but energy and telecom are doing well. Consumer staples, this is one of the interesting things. If you take a look at the stocks that were big losers today, joe has been banging on about this for a couple of weeks now, the death of the safety trade, consumer staples, off, General Mills was one of the biggest losers on the s p today. Its far as the winners you had today, chipotle was one of the big one as phil ackman took a 10 print 10 point stake 1. 2 billion dollars. Nintendo, massive winner today. Trading over a million shares in the u. S.
Are among the Companies Reporting results before the opening bell today. After the close, well be hearing from ebay, facebook, and qualcomm. Take a look at the futures. After a strong day yesterday with the dow up 282 points, you can see theres some giveback today. Dow futures down by about 76 points. The nasdaq down by 35. Oil prices are coming under some pressure too. A lot of people are going to be paying attention to apple this morning. Earnings coming in at 3. 28 a share. That was 5 cents ahead of estimates. Thats sort of the good news. The bad news, revenue came in at 79. 9 billion. Apple sold 74. 8 million iphones, below estimates. Mac and ipad sales also weaker than expected. Apple sitting on a mountain of cash, 216 billion, up 21 from last year. Ceo tim cook spoke about all this on the Conference Call. Our financial position has never been stronger. We have the mother of all Balance Sheets with almost 216 in cash, which translates to nearly 39 per i did lutded share of apple s
Energy stocks were hit particularly hard amid concerns about a Global Economic slowdown. Billionaire activist investor carl icon fires back at venture capitals Mark Andreessen a day after andreessen called icahn and evil captain kirk. Here is what he told trish regan about andreessen. Is a quintessential guy that i say is what is wrong with corporate america. I put him on last night when i heard he said stuff about me. Him because hear talks in that squeaky fast voice. Only a dog could really understand exactly what he said. Icahn also said andreessen should not be on the ebay board. Advancepplier gt technologies is asking the court to seal documents. Gt says it is trying to avoid millions in fines for violating confidentiality requirements with a thirdparty. Disney chairman and chief executive bob iger says the upcoming disney theme park in shanghai will fare much better than disneys park in paris. Points to a Larger Population base and stronger economy. Here is what he said at the ne