Nasdaq sank. We keep getting hammered by in sesant woes and worries about the economy even as we give a pass to the companies that indicator to the strong cumer, or just putting this out there, will we come to a realization that without some sort of trade deal with china, or at least mexico and canada, that this market is going to be headed lower, no matter what . I fear it will actually be the latter, because the strength in the stock market earlier this wee week was so broad, that the less lift you get from nabaf . Nabaf only works when stocks are going down like the bank stocks were going into this week. If theyve already run, nabaf doesnt offer much protection. Theyll need to deliver better than expected numbers and thats hard for companies to do in this environment. With that in mind, let me walk you through the game plan for next week. This is cramers game plan, its the only game plan that matters. Halliburton reports early monday morning. We call this one hal, and im not a huge
Road map begins with china trade concerns, retails biggest sales decline in seven months, corporate earnings in focus. B of a rallying on a beat, futures point to a muted open. Capitalism under fire a bit democratic president ial hopefuls square off and taking aim at big business and personal wealth. And billionaire marc benioff will join us at post nine. Well talk tech regulation, capitalism, ipos and who he is eyeing in the 2020 race. Stocks are on track for a modest open a day after the dow close the above 27 k for the first time in almost a month s p finished shy of 3,000. B of a beats the street with quarterly results. On the economic front, retail sales were down. 3 in september. Revisions were better. Gas stations down. 7 people say maybe this has to do with gas prices. Perhaps it does when i take a look at what is going on, if you read between the lines with bank of america, which is just a gigantic bank, gigantic consumer bank, talking about 5. 7 growth in Consumer Spending ye
The president criticizes the fed and europe as powell testifies this week. Deutsche bank announcing massive job cuts, exitinging Global Equities business, a highlyanticipated 8. 3 billion Restructuring Plan, but will it be the last. Another controversy brewing at starbucks well tell you what has the company apologizing this morning. Late last week, the s p was at within striking distance of 3k. Since the release of the stronger than expected june jobs number on friday, stocks have fallen on dampened hopes of a fed rate cut as the chairman prepares to testify on the hill later this week the president ramps up his criticism of the fed over the weekend. Take a listen. Despite everything, theyre not doing well and were doing great. Theyre not doing well at all, were doing great. Were taking money out and Interest Rates have gone up. If the fed didnt do what it did or even half, we would have the dow that would be as good as it is, it is doing good, but we would have a dow that would be any
His friends and neighbors are celebrating. We coordinated with their fellow fighters inside the city along with the western military region command to set the incursion it took us weeks but the city fell into our hands in about 7 hours. The funerals have been held for the soldiers who died defending the city its estimated dozens were killed in fighting since the city was seized. The fall of the u. N. Is being seen as a setback for have to his forces and their campaign to capture the capital. Government forces showed off dozens of u. S. Made antitank missiles they said they were seized from have to his forces and rianne and they say the weapons were supplied by the united arab emirates. Have to command headquarters in the un is abandoned from here have to the commanders all the forces into battle in southern chipley over the past 3 months troops and weapons who were sent from here to north to support the war on the capital. Libyans living here say french and im a righty military officer
Notched the first record close since november of 2021. It was up. 90 . It wasnt the only index to set a record. S p was up, too. The 14th record of the year. The dow broke a threeday losing streak and trading off. 75 . Nasdaq 100 set a record yesterday. If you look at treasury yields on this first trading day of march, you see the tenyear yielding 4. 227. Twoyear yield at 4. 58. And Congress Passed the shortterm funding bill sending it to President Bidens desk last night. It averts a partial Government Shutdown that would have happened this weekend. It is part of the broader bipartisan deal to push back the deadline for 6 of the 12 spending bills tofund the agencies until next friday and the remaining six until march 22nd. New York Community bancorp shares plunge after replacing the leadership. Leslie picker has the latest. Reporter andrew, good morning. The latest news is just salt in the wounds of investors who held on to new York Community bancorp shares through the year. The stock