Revolution. Equities totally ignored a spike in fed fund rates. Bonds look vulnerable, meme stocks wont go away. Jim rikards is here. Im in las vegas with the money show. Will this be the tune has another huge event. Im talking about zuck versus musk. A cage match for the ages. Tweet me cvpayne. Who have you got in . I tell you who i have later. War against fossil fuels. They were talking about it on the big money show. May be a point of no return. That would be economic suicide. I cant wait to share my take on that. That and so much more on making money. Charles all right, so on friday the market was finally showing some signs of exhaustion, right . We saw what they called a outsized session. What that means for the day the market actually went to a higher high than the previous session but then turned around, came down hard and took out the low from the previous session. That is what gets you on outside day. A chart with two arrows. The second outside session weve had in as many week
Competition in the space. A weight loss drug promising competition for big players. Could it mean an acquisition is in the future. We will dive into it. Im melissa. Tim see more, Courtney Garcia and guy awe daumie. The nasdaq jumping more than a percent, notching the first record intraday high since before thanksgiving 2021. The techheavy index closing below 16,300. The s p also marking alltime highs putting in its 15th record close since january 1st, but there have been one notable name sitting out of the market rally. Apple posting another loss today and is now down nearly 10 since hitting its record in middecember. Whatever happened to that old idea that we like to say, bandy around here, that markets could not go higher without apple . What does it mean for the rally . Is this actually good news for the market, guys . Im one who adhered to that. Again we play the game often. Guy, if i told you that apple would be hold on. Is that a third person reference . Not the way i could have.
Amd, starbucks, pinterest out with results in the last hour shares are all on the move here. Weve got the ateam of reporters ready to dive into the numbers for us were digging into amd, the Conference Call is just kicking off. Amd shares are higher well be looking for more clarity on two factors progress made on amds a. I. Chip todays report shows us that Data Center Revenue was mostly in line, client business, which includes pc processors, sales actually came in higher than estimated. Its a very similar narrative to what we saw from intell last week heading into q3, the Company Expects data center and client to each grow double digit percentages. But they didnt provide any numbers in the report. And thats going to offset some gaming weakness. And this comes even though i. T. Budgets have been prioritizing a. I. Chips over traditional servers. Overall, thats good news for the stock, contributing to the bump that were seeing right now, as well as the earnings beat lastly, a. I. Will of
Former President Trump now making his way back to his golf club in new jersey. Earlier pleading not guilty to four criminal counts tied to alleges that he conspired to overturn the 2020 election. And that courthouse where he was is symbolically so crucial. Just blocks from where Trump Supporters stormed the capitol on january 6th. An insurrection fueled by what the indictment calls trumps pervasive lies and election fraud. Todays 27minute hearing marks his third arraignment in just four months. Our reporter in the courtroom said trump appeared angry, his hands collapsed as he stared straight ahead. Were also told he had what appeared to be some heated conversations with his attorney, todd blanch. The judge also sitting, setting the next hearing for august 28th. Which is just days after the first republican primary debate. And wolf, trump responding to todays hearing speaking briefly to reporters. He railed against the judge. In the hearing. When you look at whats happening, this is a p
Market site. We start off with the straw that might have finally broken the rallys back fitchs downgrade of the United States longterm Credit Rating sent the yield on the tenyear treasury to its highest level since last november and that took the wind out of the sails in the equity rally. The dow going negative for the week the s p down 1. 4 for its lowest close in more than two weeks the nasdaq shedding more than 2 take a look at the stocks that were particularly hardhit data dog, crowd strike, all dropping more than 6 . Semiconductors taking a leg lower. Amd, which was up about 6 after its Earnings Report last night ends the day down more than 7 investors turning instead to the safety of more defensive sectors, Consumer Staples, health care, the only groups in the green today. So, did fitch show how tenuous this rally has been . And weve seen this before, karen. 4 seems like the magic number whatever the reason for getting above 4 is, this time, its fitch. Stocks fell off. Right well