Report results. Our trader likes into of them. Thats ahead in the Earnings Exchange. But we are decidedly red on the day so far, taking a breather. Its been a nice drun. The dow down. The s p 500 down nearly one full percent. And the nasdaq composite, 15,959, really the laggard today, down about 1. 5 . A bright spot in the markets so far has been a not so bright spot for the median term, talking regional lenders. But a bounceback for names like coamerica. Citizens financial up 5 . Two of the better performing regional banks. And nycb, you can see there, its up as well on the day. Now, there is one honorable and maybe even more so Honorable Mention is a mega cap bank, jpmorgan base, the biggest lender in america, up about 1 . It hit a record intraday high in trading today, so if i was at a telestrator, i would draw a star next to that name. And speaking of record highs, bitcoin just did it. Surging past the 69,000 mark and setting a new record intraday high earliertoday, but we touched
Comparable store sales. Sales guidance did come inabove consensus. Ai, of course, also in focus, as it always is. Sergei brint speaking out saying the company definitely messed up its gemini image generation launch. Apple down in the premarket, again, following the report that iphone sales plunged 24 in china yearonyear for the first six weeks of 2024, face competition from local smart phone firms like huawei. This is boutique data, but they are on track for five days of losses. Trying to get a confirmation. A lot of these Different Services you have to take with a grain of salt. I would say, if you take china itself and look what theyre buying, theyre all trading down. Theres a lot of things wrong with china. I told club members yesterday, it could go to 160 without really a problem. You have one of the great ef performers of all time, caught in mid cycle. David, we dont know if theyre going to have the samsung like ai in the next edition, the 16. Its one of those things where you jus
It was around 1994, the answer to the ageold problem, how do ive findi find a pizza place next to my dorm room, turn by turn directions. He ended up selling that company for 300 million. That is what set him on his way. Quite what did he do with that 20 million . He sat back and thought about an industry that needed a kick in the pants. He worked at a bank as an intern. They were dumb and kind of herd mentality. Early days of the internet, and he thought to do an online Financial System for everything. Then it morphed into paypal. Often cited as the founder of paypal. Well, they are both cofounders anyway. In the same building there is another company which was when he started with another stanford graduate. Two companies in one building that were spending each other to death. They would tempt people to use their service. A lot of fraud. They come up with a Service Called paypal. You say he arrived in the country with 100 in his pocket. Born in south africa. Have his family is canadian
Management urges bhp billiton to unify in australia. And slashing staleys salary. The barclays board decides on an very significant pay cut for the ceo following a whistleblowing probe. Will regulators go further, matt . Matt interesting breaking story that we will continue to follow. I want to take a look at the half hour to go until european open, at what futures are doing, at what the other risk assets are showing us. It looks like a risk on day to some extent. We see futures rising, although not huge gains. The euro stocks 50 futures up, more significant gains in london and frankfurt, not so much in paris. But if you take a look at bunds, it looks like investors they had been selling off german debt, and that push the yield up at the beginning of session. They have been buying at the route the first half hour of trade. You can see the trend here is risk off. If you look at the other asset classes, you see a risk off signal from the asian trade going into european trade as well. Guy
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