40 Burst results for "Nasdaq"
Fresh update on "nasdaq" discussed on WTOP 24 Hour News
"But to also try to maintain a schedule even if it's a loose schedule so that they are functioning optimally throughout the day. Paul Brown says teams need 8 to ten hours nightly. Christy king WTO P news. 1155, money news with Larry kofsky. This is a Bloomberg money minute. Fed officials stood firm last month, saying interest rates may need to keep rising to stop inflation despite the economic risk minutes from their meeting show the fed backing another hike this month may be by another three quarters of 1%. Investors considered then shrugged off the fed minutes, stocks ended higher, the Dow industrials climbed 70 the S&P added 14 the NASDAQ gained 40. Apple is planning its biggest smartwatch yet. Sources say the device with a bigger battery and metal case will be geared toward extreme sports athletes. The screen will be about 7% larger than the biggest current model. With monkeypox infections continuing to spread, LabCorp will offer testing, starting tomorrow. It plans to boost capacity to 10,000 tests per week as part of a government effort to make monkeypox diagnosis more widely available. From the Bloomberg newsroom, I'm Larry kofsky, on WTO. Asian stocks are largely higher at this hour, the nikkei up more than one and a quarter percent, and up ahead they are on WTO. We'll get you updated on the situation in Illinois. The police in highland park say the suspect in the shooting from July 4th at the parade has now confessed to that deadly attack. It's 1156. Hi, tombow dad here
From stocks to crypto, a punishing six months for investors
"I Mike Gracia reporting it's been a punishing 6 months for investors Thursday's closing bell on Wall Street brought the curtain down on trading for the first half of 2022 with markets in the red across the board The S&P 500 the benchmark for many stock funds is down 21.1% from its January 3rd all time high and off to its worst start to a year since 1970 The Dow Jones Industrial Average at NASDAQ composite are also in the red for the year Bonds normally considered reliable investments are also down and on pace to one of their worst performances in history Cryptocurrencies have also cratered Bitcoin which was at almost $69,000
Fresh update on "nasdaq" discussed on Bloomberg Law
"And you're listening to Bloomberg. When it comes to the markets, we really know our stuff. I'm in triple lovers, all cash. I don't care. Thanks for participating in this video. Other things, not so much. Yesterday afternoon what she did to me in a game of parcheesi was on. How did that go? Crush it. I got crushed. Dumb game Jonathan farrow and Lisa Ramos host Bloomberg surveillance. You see how many gloom scenarios Lisa had lined up then? Takes like 5. Weekday mornings at 7 eastern on Bloomberg radio and Bloomberg television. This is a Bloomberg money minute. It was a modestly higher day for stocks as investors shrugged off minutes from last month's fed meeting. They showed officials remain determined to curb inflation, even if it means a slower economy. That one industrials gained 70, the S&P 500 rose 14, the NASDAQ added 40. The minute showed the fed's striking a hawkish tone, saying interest rates may need to keep rising to curb inflation, some analysts say they're already outdated amid recent signs of economic weakness. The nearly $1 trillion in stimulus checks issued during the pandemic may have helped recipients for a while, but a Harvard University study finds the impact on low income recipients faded within weeks. There's a glimmer of hope that the semiconductor shortage is finally starting to ease. Susquehanna financial says chip delivery times fell by one day in June to 27 weeks, the same as in April. Larry kofsky, Bloomberg radio.
Stock Market Declines, Retirement Accounts Lose Value
"Retirement accounts You have a 401k You have an IRA You have some kind of a retirement account Well as Fox reports today stock market declines from the beginning of the year have amounted to trillions Trillions of dollars in losses for retirement accounts and Americans are feeling the pain trillions When investors get their 401k statements in the next few weeks they're going to be hit with some very bad news Excuse me The S&P 500 now look most of us don't know what to have even means and NASDAQ and I got all that But you know when it's dropping like a lead balloon that's trouble The S&P 500 The broadest measure of U.S. stocks is down 21% The NASDAQ nearly 30% The Dow Jones down 16% and that's only so far this year An Americans are seeing the value of the retirement accounts dwindle Along with these deep drops Stock market declines have pummeled the retirement accounts of Americans in the first half of 20 22
Fresh update on "nasdaq" discussed on Afternoon News with Tom Glasgow and Elisa Jaffe
"The court's going to say no, of course, Lindsey Graham, you don't have to come testify. Because you can go there and plead the 5th if you'd like. And leave. Lindsey Graham is once again saying this is all political. Rudy Giuliani, we haven't heard from in terms of whether he's going to testify. The same prosecutor handling this case to see if there was a conspiracy to overturn the election, it says they might have to bring in former president Trump. That's true. They haven't decided exactly if they're going to do that, but they say it's certainly a possibility and it will be interesting to see what former president Trump has to say because he's called this phone call where he we've heard it all where he's talking to Georgia election officials after the fact after he lost after the vote was certified because I just need you to find me 11,000 plus votes and we turn this thing around. We heard him say it. So if he wants to explain himself before grand jury, he's certainly welcome to do that. ABC's Andy field, thank you, Andy. With Alisa jaffe in the interview there. Let's get a check on Wall Street now. Your stock charts dot com money update. Here's Jim chesko. Stocks notched narrow gains today. Investors seemingly content with minutes of the latest Federal Reserve meeting that provided more insight into the Central Bank's efforts to tame inflation through interest rate increases. The S&P 500 rows 13 points today the Dow Jones industrials recouped 70. And the tech heavy NASDAQ composite added 39. Even with Holbein activity slowing, and this year's jump in mortgage rates, the outlook is positive for rocket mortgages parent company. That's the view of analysts at Wells Fargo who have upgraded their rating on shares of rocket companies to overweight. Wells Fargo believes the stock's 42% drop year to date is overdone and that rocket will take market share from its peers going forward. In response, shares of Detroit based rocket jumped four and a half percent today. That's your money now. Catch your money news here at 20 and 50 passed every hour, traffic and weather on the way, also coming up. The man, the music, and the fountain. I'm corwin hake Seattle center attraction, says so long to its longtime mixed
Maria Bartiromo Talks Through the Bond Market Losses
"I don't want to get too wonky, but I think that our audience should know about this. Can you talk a little bit about the bond market losses and how that plays into all of this? I mean, there's been a massive sell off in the bond market right now. And that sometimes can be a harbinger for things to come. Can you talk a little bit about that? Absolutely. Look, the bond market has seen prices decline. And when prices decline yields go up. And we're seeing yields go up on the expectation that rates are going to continue to stay elevated. When you have a differential between the two year yield and the ten year or the 30 year, it's called an inverted yield curve. And when you have, in the past, seeing the inverted when the yields become inverted like that, where one is much higher than the other, in terms of in terms of the rate, that indicates that a recession is at hand. I personally would say we're probably in a recession right now. We know that we already had a contraction in the first quarter, 1.5% lower. We'll get another revision to that. Then the other day, the Atlanta Federal Reserve predicted that there will be no growth in the second quarter. They said 0.0% for the second quarter. So it's probably going to be a contraction. So we probably are in a recession right now. And that is why markets have been really so so weak. The market obviously the stock market down 32% on the NASDAQ year to date. Double digit declines for the Dow and the S&P as well. And I think what you've got happening here is a sharp slowdown as a result of
Fresh update on "nasdaq" discussed on WTOP 24 Hour News
"Op. It's 6 55, we've got money news at 25 and 55. Let's check in now with Jeff claywell, Parker's game ground by the close the Dow was up 70 points. The S&P 500 Index up, 14, the NASDAQ finished today up 40 points. It's getting harder for electric vehicle buyers to find a tax credit Toyota just sold its 200,000th EV. That means it now has to start phasing out the $7500 tax credit. Toyota joins GM and Tesla can do that. Healthcare and leisure and hospitality still lead for the number of open jobs not filled. Healthcare had almost 2 million job openings as of the end of May, hotels, bars and restaurants had 1.6 million. D.C. summer restaurant week dates have been set. August 15th through August 21st
How Long Will This Bear Market Last?
"I want to tackle a couple of things. One, well, we got into the definition of a bear market, which I told you about yesterday in episode one O three season three, but we'll talk a little bit more about that. Today I want to get into how long they last. So how much time do you have to wait this one out, or maybe to get in? And what other things could you be looking at yesterday I mentioned the course muniz, I still think that's going to turn out to be a more and more attractive investment muni bonds. A little later in the program, I'm going to be here with Charlie dombeck, who has some thoughts on some other asset classes that you might want to take a look at right now in light of everything that's happening. I mean, as I go to air with you right now, it's around midday and we've got a market that's continuing to trade lower. I predicted this would happen. Indeed, yesterday, the Dow off almost 1%, the S&P off about a half a percent. The NASDAQ's kind of evened out here right now. I think because, well, it's gotten pretty beaten up. But the reality is this. There's not enough fear in the marketplace overall to signal to me anyway that people are throwing in the towel. We do have the vix. This is the volatility index which measures fear at 33, so that's high. And it's a level I typically like to get into the market at 33 34, but given given the unusual circumstances of what's actually transpiring right now, given that new read on inflation, given the reality that the fed is probably going to move by, well, at least 50, probably 75 basis points tomorrow to help sort of suck all that money out of the economy, which is causing this inflation given all that. I think you need to tread very, very
Fresh update on "nasdaq" discussed on WTOP 24 Hour News
"News. Money news at 25 and 55 here's Jeff Playboy. Wall Street end of the day with gains today by the close the Dow was up 70 points the S&P 500 Index up. 14, the NASDAQ finished the day up 40 points. Oil prices continue to come back down, falling another 3% today, crude oil is now $95 a barrel a month ago was 122 oil prices have come down 20% in the last month. Federer policymakers are now concerned inflation could be coming in trenched minutes from the fed's last rate meeting indicate a hike of a half percent or more is likely at this month's meeting. Apartment rents are up, average rent for a one bedroom, apartment in the D.C. metro is now $2300 a month. That's the 8th highest in the country. It is up around 6% from a year ago. Jeff cable, WTO news. Money news brought to you by whole foods market. At Whole Foods
World shares steady after Wall Street sinks into bear market
"Stock markets around the world seem to be holding steady after Wall Street sunk into a bear market yesterday The benchmark S&P lost almost 4% taking it 21.8% below its peak The Dow sank more than 2% in the NASDAQ tumbled more than 4% at the center of the sell off the Federal Reserve's effort to control inflation by raising interest rates but that's a blunt tool that could slow the economy too much causing a recession The retreat on Wall Street initially spooked investors across the world the fed meets tomorrow some economists are speculating it may raise its key rate by three quarters of a percentage point triple the usual amount and something the fed hasn't done since 1994 Julie Walker New York
Stocks Close in Bear Market Territory as Recession Worries Mount
"All this. First of all, the headlines you know them were in bear market territory now and get the S&P. And down about 3% the NASDAQ down, nearly 4%, Dow Jones Industrial Average actually seeing the least of the downside down two and a quarter or so, but the reality is this investors have to adjust to a new normal, and the new normal is you're no longer gonna have your friends there at the fed, printing money, recklessly I'd argue printing money and therefore driving up valuations in the equity markets. Now, on the one hand, it's a little scary because you've got the threat of recession out there. Typically when the fed pulls back by raising rates and thereby taking a little of that money out of the system, what you often see, historically, anyway, it has been a bear market. Recessions and bear markets and the fed raising rates tends to go hand in hand, but what's interesting about now is I actually think one, it absolutely had to be done. And more needs to be done. I think there are a lot of questions as to whether or not the fed really has the stamina only given that there are political consequences to all of this. And the minute you go into recession, everybody's going to totally freak out. And so they're saying to themselves, do we have inflation or do we have a recession? I don't think you have a choice on this one. You can't allow inflation to continue unchecked because if you do, then you're going to have far worse problems down the road.
The Market Plunges 1,164 Points on the Dow Jones Industrial Average
"We're looking, of course, at mass inflation, 8.3% in terms of consumer prices, you're seeing it reflected in the markets today, right? Because the Dow Jones Industrial Average was really challenged midday on Wednesday down 963 points as we go to air. That's a loss of about 3% really, really significant. And so people are fearful right now. You're seeing the earnings are actually being compromised because, well, guess what? When you have this much inflation and gas prices cost this much more, it means that people don't have as much money to say go and spend it dollar store or Walmart or target target, which traded down significantly, of course, on Wednesday, earnings are suffering. This is the, this is the fear that everybody had, right? That once the fed backed off and people started dealing with the realization of inflation and they scaled back on their spending, that it would affect corporate profits and you'd start to see a sell off on Wall Street. And in fact, that's what we're seeing. I would just caution that we may not have seen the worst of it. I mean, even though the NASDAQ as I go to air is down 4% at 11,505, I see you may not have seen the worst of it because the vix is only at 29. That fear indicator that I love the vix only at 29,
Stocks fall sharply as Target's woes renew inflation fears
"Hi hi hi hi Mike Mike Mike Mike Crossey Crossey Crossey Crossey reporting reporting reporting reporting stocks stocks stocks stocks fall fall fall fall sharply sharply sharply sharply as as as as targets targets targets targets woes woes woes woes renew renew renew renew inflation inflation inflation inflation fears fears fears fears stocks stocks stocks slumped slumped slumped on on on Wall Wall Wall Street Street Street Wednesday Wednesday Wednesday as as as the the the Dow Dow Dow Jones Jones Jones industrial industrial industrial average average average fell fell fell more more more than than than eleven eleven eleven hundred hundred hundred points points points and and and the the the S. S. S. and and and P. P. P. five five five hundred hundred hundred had had had its its its biggest biggest biggest drop drop drop in in in nearly nearly nearly two two two years years years for for for earnings earnings earnings reports reports reports from from from target target target and and and other other other major major major retailers retailers retailers added added added to to to inflation inflation inflation concerns concerns concerns the the the S. S. S. and and and P. P. P. dropped dropped dropped four four four percent percent percent the the the nasdaq nasdaq nasdaq fell fell fell four four four point point point seven seven seven percent percent percent and and and the the the Dow Dow Dow dropped dropped dropped three three three point point point six six six percent percent percent target target target lost lost lost a a a quarter quarter quarter of of of its its its value value value after after after reporting reporting reporting earnings earnings earnings that that that were were were far far far short short short of of of what what what analysts analysts analysts had had had forecast forecast forecast Wall Wall Wall Street Street Street appears appears appears headed headed headed to to to its its its sixth sixth sixth consecutive consecutive consecutive weekly weekly weekly loss loss loss hi hi hi Mike Mike Mike Rossi Rossi Rossi
Wall Street's losses worsen as markets tumble worldwide
"Hi hi hi hi Mike Mike Mike Mike Rossi Rossi Rossi Rossi reporting reporting reporting reporting wall wall wall wall street's street's street's street's losses losses losses losses worsen worsen worsen worsen as as as as markets markets markets markets tumble tumble tumble tumble worldwide worldwide worldwide worldwide the the the slide slide slide in in in stocks stocks stocks continued continued continued Monday Monday Monday as as as the the the Dow Dow Dow Jones Jones Jones industrial industrial industrial average average average fell fell fell two two two percent percent percent and and and the the the S. S. S. and and and P. P. P. five five five hundred hundred hundred gave gave gave up up up three three three point point point two two two percent percent percent slumping slumping slumping to to to its its its lowest lowest lowest close close close in in in more more more than than than a a a year year year the the the nasdaq nasdaq nasdaq gave gave gave back back back four four four point point point three three three percent percent percent Wall Wall Wall Street Street Street reflected reflected reflected a a a global global global slide slide slide as as as stocks stocks stocks fell fell fell across across across Europe Europe Europe and and and much much much of of of Asia Asia Asia with with with investors investors investors worried worried worried about about about China's China's China's economy economy economy in in in addition addition addition to to to concerns concerns concerns about about about rising rising rising interest interest interest rates rates rates as as as the the the federal federal federal reserve reserve reserve tries tries tries to to to tackle tackle tackle inflation inflation inflation the the the S. S. S. and and and P. P. P. five five five hundred hundred hundred wall wall wall street's street's street's main main main measure measure measure of of of health health health is is is down down down roughly roughly roughly sixteen sixteen sixteen percent percent percent from from from its its its record record record set set set early early early this this this year year year hi hi hi Mike Mike Mike Rossio Rossio Rossio
Inflation Woes Crush Wall Street Numbers
"To the news that shocked a lot of Americans that they got home last night. They saw that Wall Street shots sold off. Big time. So I let me look at what the total percentage of on the doubt was 3.12% on the S&P, it was three and a half percent on the NASDAQ. It was 4.99%. The Amazon was down almost 5% itself. And I'll tell you what, it's probably going to go on for a while. Because the market knows the fed meets every couple of months and is going to raise interest rates a half point every time they meet until such time as inflation is broken because every single person that inflation is the enemy here. And don't worry, if you're unless you're a speculator and you're selling puts and calls. And that's just gambling. I'm not sure Robinhood kiddo, who thought, you know, I was going to make a fortune by trading GameStop and AMC. You expect this and you grim and bear it. If you're an investor, as opposed to a speculator or a trader, you just say, ah, well, you know, that was a good 5 years. And it'll be a year before we start to climb steadily again. Maybe two. But it will, the S&P, the NASDAQ, the Dow, big tech, strong commodities, like P and G, but they always come back. Boeing's got troubles only announced it's moving its corporate headquarters. Near me and the beltway and that is simply the capitulation of corporate America to the reality of the interest rates and tax rates of living in a blue city.
Dow Plunges, Nasdaq Suffers Worst Month in Years
"All right, let's turn to the market today because, oh wow, I mean, remember how I said you might want to diversify your portfolio? I mean, there are some real growing concerns out there about a recession. Our economy, just having runaway inflation, there were some inflation data today, which is contributing to these concerns. Of course, the fed has to deal with that, but what do you know? That's going to mean less money in the system. Therefore, less spending power, perhaps for consumers. And so this is catching up with Wall Street. You saw the month of April closing out there on a low note, the Dow ended the day off nearly a thousand points. The S&P traded down almost 4% the NASDAQ lost more than 4%, so for the month, we saw the S&P lose 9%. It's actually the worst month we've seen for the S&P since March 2020 because again, investors are fearing the threat of a recession. Because the fed's going to have to do something, right? Meanwhile, you've got the fed's favorite measurement of inflation, just posting another major increase. So the fed governors are going to have no choice here. They're going to have to raise rates. They're going to have to raise them big time. There's been a lot of talk about 50 basis points. It's a half a percentage increase, but some think, and I think this was reflected in some of the optimism you saw earlier in the market, at least in Thursday's session, something that, you know, maybe they'll go easy. Maybe they'll go easy and just start with another 25 point hike. Anyway, I think they're going to have to do more. And it's
Elon Musk Bid for Twitter Ruffles Markets
"It's going to be a wild ride on Wall Street for Twitter today. Elon Musk making an offer for Twitter to take it private. He's just going to buy the whole thing. And I don't know what Twitter will do. I don't know what Jack will do. I don't have any idea, but Elon Musk loves to make a stir. I think he's going to buy CNN plus. Maybe they'll just throw that in for the Twitter deal. But yesterday was already a good day on the market. The Dow was up 344 the S&P is up 49, the NASDAQ was up 272. This morning, the ten year treasury dropped a little bit to 2.687%.
Stock market futures rebound after S&P 500 closes in correction
"Global stock markets and Wall Street futures rebound over sanctions on Russia for sending troops into Ukraine London Frankfort opened higher Shanghai Hong Kong and Seoul advanced Japanese markets were closed for a holiday oil prices edged higher on unease about possible disruption to Russian supplies yesterday the S. and P. lost one percent putting the broad market index in correction territory the nasdaq sank one point two percent and the Dow closed down one point four percent I'm
Facebook Owner Meta Sees Biggest Ever Stock Market Loss
"Virginia. Hey, Charlie, what's going on with Facebook? I see that their stock is really down what caused it. Well, this is the front page of The Wall Street Journal actually today. Mehta is the new name of their company. Their plunge rattles lofty tech shares. Quote, Facebook parents company met up platforms shed more than 230 $1 billion in market value. A one day loss that is the biggest ever for a U.S. company, an increases pressure on a stock market, long powered by tech shares. Stocks priced way down beyond perfection. Faces scrutiny, Facebook, parent, company has record fall. More than $230 billion the biggest ever for a company ever for one day. Biggest drop. Meta platforms gave a disappointing financial forecast, helping the major indexes snap a four session winning streak. The tech heavy NASDAQ composite index dropped 3.7% PayPal Holdings and Spotify technologies also spooked investors in recent days when the payment giants lowered its 2022 profit outlook and the streaming company elected not to provide annual guidance. So Facebook seemed like it was this untouchable company for quite a while. But they are just completely and totally collapsing the stock is down and it's up a little bit. Actually it's backed down 21% in the last 24
Asian shares decline amid omicron, Fed, Ukraine jitters
"U. U. U. U. S. S. S. S. stock stock stock stock index index index index futures futures futures futures fell fell fell fell in in in in early early early early trading trading trading trading this this this this morning morning morning morning before before before before the the the the opening opening opening opening bell bell bell bell after after after after a a a a wildly wildly wildly wildly Bala Bala Bala Bala tile tile tile tile session session session session yesterday yesterday yesterday yesterday a a a a late late late late day day day day buying buying buying buying spree spree spree spree helped helped helped helped lift lift lift lift stocks stocks stocks stocks yesterday yesterday yesterday yesterday the the the the Dow Dow Dow Dow declined declined declined declined more more more more than than than than a a a a thousand thousand thousand thousand points points points points before before before before rallying rallying rallying rallying and and and and closing closing closing closing up up up up point point point point three three three three percent percent percent percent the the the the S. S. S. S. and and and and P. P. P. P. fell fell fell fell as as as as much much much much as as as as four four four four percent percent percent percent before before before before finishing finishing finishing finishing up up up up point point point point three three three three percent percent percent percent the the the the tech tech tech tech heavy heavy heavy heavy nasdaq nasdaq nasdaq nasdaq rose rose rose rose point point point point six six six six percent percent percent percent after after after after recovering recovering recovering recovering from from from from a a a a nearly nearly nearly nearly five five five five percent percent percent percent drop drop drop drop market market market market analyst analyst analyst analyst ed ed ed ed Moyer Moyer Moyer Moyer says says says says investors investors investors investors are are are are concerned concerned concerned concerned about about about about an an an an upcoming upcoming upcoming upcoming announcement announcement announcement announcement from from from from the the the the federal federal federal federal reserve reserve reserve reserve the the the the market market market market was was was was expecting expecting expecting expecting the the the the gradual gradual gradual gradual pace pace pace pace of of of of interest interest interest interest rate rate rate rate hike hike hike hike increases increases increases increases but but but but now now now now it it it it seems seems seems seems that that that that the the the the fed fed fed fed is is is is actually actually actually actually going going going going to to to to have have have have to to to to be be be be a a a a little little little little bit bit bit bit more more more more aggressive aggressive aggressive aggressive than than than than expected expected expected expected and and and and this this this this is is is is why why why why we're we're we're we're starting starting starting starting to to to to see see see see a a a a lot lot lot lot more more more more volatility volatility volatility volatility in in in in stock stock stock stock markets markets markets markets that that that that closely closely closely closely watched watched watched watched fed fed fed fed meeting meeting meeting meeting ends ends ends ends Wednesday Wednesday Wednesday Wednesday Julie Julie Julie Julie Walker Walker Walker Walker New New New New York York York York
What the Volatility Index (VIX) Tells Us
"I'm watching very closely the volatility index known as the vix, which I always keep an eye on because it's a measurement of fear. And what we see with the vix today is that it's not anywhere near the levels that we saw say in November of 2008. After Lehman Brothers went out of business or even in March of 2020, when it was clearly the thick of COVID and the whole country had shut down. It actually in March 2020, we were up around 65 on the vix and back in 2008, we were in the 70s on the vix. And I think it's really just important to keep that in mind and keep it in perspective as we watch the vix today. We see it's up about 13%, trading around 32. So up there, but nonetheless, it shows you that this is not sort of full capitulation, even though you've seen a 10% downturn in what we're looking at in the NASDAQ. Meaning, yes, it could get worse before it gets better, and it's the reason why I wouldn't say, you know, go all in, although, you know, look, I mean, I think a lot of people said today when it was draining off a thousand, it was time to get a little bit back in and to nibble. What I would say is you want to be sharpening your pencil right now. You want to be looking for companies good companies that have been sold unnecessarily.
"nasdaq" Discussed on CNBC's Fast Money
"Now, 45 of those cancers, like pancreatic cancer, for example, some really deadly cancers have no other screen. And grail has a less than 1% false positive rate. And so we announced today that grail is off to a really strong start that they are signing up employers. They've signed up 11 employers, including U haul. I know we had Illumina for all the tests out and turning to our employees. They signed up a number of healthcare providers, so last year, 1500, there were 1500 prescribing providers of the grail test to people to use it as a screen. In addition, they signed up some healthcare systems. So they announced the knight cancer center today that's part of the OSA two up in Oregon. And the knight cancer center joins other partners like the Mayo Clinic and the Cleveland clinic that are embracing the grail test. And so real strong traction of that test in the market. Now we know catching cancer already can make a big difference in survival rates. And so there's a lot of excitement about how a test like grail could help save lives going forward. And the fact that it's got good early traction, exceeding expectations and investors had, I think, was very well received. All right, Francis, thanks so much as always for joining us. We look forward to hearing about more of these updates going forward. Thanks again. Thank you, Meg. Mel back to you. All right, Mike, thanks. Meg Terrell at the CEO of Illumina. This was interesting. A lot of analysts on the street were thinking that alumina would make some big news here at the JPMorgan healthcare conference guy. There are sort of saying, you know what? They've been steering towards conferences in terms of new products in terms of financial guidance. And here we have it. At the same time, a lot of analysts on the street have neutral or underweight ratings on this one. That's exactly right. You hit the nail on the head underweight, neutral, still. I think the average price target Mel, I think it's about $435 or so. Listen, aluminum is an amazing company. The problem is valuation is expensive. I think it's trending close to 90 times next year's numbers. The question is, is it 32% sell off from the high of 5 55 this summer enough? I do think you're going to see a relief rally here. I don't think you're going to get the four 35, but I do think you can get about 400 or so. If that's enough for you, I think you can own a stock here. All right, coming up,.
More record highs for S&P 500, Dow on first day of 2022
"Hi hi Mike Mike Rossi Rossi a a reporting reporting more more record record highs highs on on Wall Wall Street Street to to start start the the twenty twenty twenty twenty two two trading trading year year the the first first day day of of trading trading of of twenty twenty twenty twenty two two on on Wall Wall Street Street so so more more record record highs highs for for the the S. S. and and P. P. five five hundred hundred and and the the Dow Dow Jones Jones industrial industrial average average the the S. S. and and P. P. rose rose six six tenths tenths of of one one percent percent gaining gaining thirty thirty point point three three eight eight points points to to close close at at four four thousand thousand seven seven ninety ninety six six fifty fifty six six the the Dow Dow rose rose seven seven tenths tenths of of one one percent percent gaining gaining two two hundred hundred forty forty six six point point seven seven six six points points to to close close at at thirty thirty six six thousand thousand five five eighty eighty five five oh oh six six the the nasdaq nasdaq rose rose just just under under one one hundred hundred eighty eighty eight eight points points to to fifteen fifteen thousand thousand eight eight thirty thirty two two apple apple rose rose two two point point five five percent percent in in closed closed just just shy shy of of becoming becoming the the first first company company to to hit hit a a market market capitalization capitalization of of three three trillion trillion dollars dollars the the solid solid start start follows follows a a banner banner year year for for Wall Wall Street Street in in twenty twenty twenty twenty one one the the S. S. and and P. P. five five hundred hundred gained gained twenty twenty six six point point nine nine percent percent last last year year posting posting seventy seventy record record highs highs hi hi Mike Mike Rossio Rossio
Asia shares mixed as investors weigh omicron economic risks
"The the stock stock market market rebounded rebounded Monday Monday after after Friday's Friday's free free fall fall from from the the news news that that the the new new corona corona virus virus variant variant was was spreading spreading and and prompting prompting travel travel restrictions restrictions the the Dow Dow gained gained back back two two hundred hundred thirty thirty six six points points Monday Monday the the nasdaq nasdaq up up nearly nearly three three hundred hundred and and the the S. S. and and P. P. five five hundred hundred recovered recovered more more than than half half its its drop drop from from Friday Friday so so investors investors did did take take it it in in but but it'll it'll it'll it'll it's it's Laura Laura Marino Marino Lucas Lucas at at panto panto cap cap she she says says investors investors are are waiting waiting to to see see what what this this new new variant variant might might do do to to the the economy economy but but she's she's optimistic optimistic there's there's a a lot lot of of money money still still on on the the sidelines sidelines it's it's looking looking for for places places to to invest invest Marino Marino Lucas's Lucas's volatility volatility should should be be expected expected in in the the final final quarter quarter of of the the year year and and her her main main concern concern inflation inflation because because there's there's definitely definitely a a lot lot of of concerns concerns around around that that age age where where you're you're seeing seeing just just the the disparity disparity and and an an income income is is is is really really are are in in addition addition to to pandemic pandemic news news Friday's Friday's jobs jobs report report could could swing swing stock stock prices prices hi hi Jackie Jackie Quinn Quinn
"nasdaq" Discussed on Adventures in Finance: A Real Vision Podcast
"Spot eight seven down to eight six point fifty four. So what does that suggest to you. Tommy when you see a beat on numbers or you anticipate a beat on numbers and you see the stock selloff expectations that stocks go up in. I mean look if they if the stocks were down all last week and it was. You know two week decline. You'd probably see the stocks rally on this. But they just got above you know too far above short-term over bond again one of the things that weren't a lot of shorts involved so you didn't have squeeze of. It's a very crowded long. Mary obvious very simple company to own. So maybe they just ran out of buyers here after hours. Maybe tomorrow they'll be something that you know. Federal say something nice thing dovish in the stocks move a little higher but the reaction tomorrow. It's going to be very very important to see help. All of these react after earnings. Now it's four twenty one. We have nine minutes before apple will post their numbers. And i anticipate those numbers to be very good as well but i would not be shocked to see the stock up and then dropped because they've done that before so it's just another thing that's happened is interesting instead of shorts being involved. We've seen a lot of cult. We've seen a huge amount of call buying specifically in microsoft Over the last couple of weeks apple starbucks had a lot of recently. And that's almost a tell of people buying calls the highs and they buy puts on the so be track that through researches well having your own home is awesome but it's also a lot of work. The good news finding help for your projects is easier than ever introducing. Angie the the puts all your home care needs.
"nasdaq" Discussed on Adventures in Finance: A Real Vision Podcast
"That's basically an entire sector just got hammered by decree. No they they. They didn't get hammered. It's dust it you know. They've destroyed and so my view. I look at a lot of technical stuff. i do have a couple starting to see some demark signals. Appear not quite. There are enough for me to get involved. I don't want to be involved. I mean em did have a demark by thirteen but you also have to remember the largest weights in their ten cent alibaba a few others and if they're if they're china's declared war on all these companies and i really think it's a major crackdown and i think i think it's gonna last longer. They'll be bounces but they're also doing this. Perhaps against the western countries maybe specifically the us that we have a lot of assets in those stocks and they could give nothing. They don't care if we lose money in those stocks. And honestly you know they have a mandate they will fulfill that mandate in the us or in europe. But they don't really do much. And i heard someone say today that this is really what the us should be doing with the large mega cap stocks. That we have here that have become so powerful. I don't think that's gonna happen. I think there's going to be a version of that. But china does things with an iron fist in the. Us will sort of back into it and try and come up with a solution. Yeah that's a really interesting analysis And definitely i'm sure there are folks in the united states particularly the critics of the major cap tech stocks. Who wish they could do that. I suppose we should be very fortunate that we live in a country where that's not something that can be done By a ministry official. I don't. I don't want to have that in our life regulation. That's going to take place. And i think that's a good thing if anything it just puts speed bumps in front of all these mega cap companies to allow new companies to develop grow and and become something they wanna be. I get swallowed by these technology swallowed by the big mega cap names. Names and another thing is i. Don't see a lot of these big companies innovating as much as they have in the past. Apple's a great company they innovate a ton of stuff. But my looks the same. Hopefully they have some further enhancements over the years. They need a new product. Maybe it's going to be a car..
"nasdaq" Discussed on Adventures in Finance: A Real Vision Podcast
"At what's happening right now. There's been a lot of churn in the nasdaq today. Nasdaq composite nasdaq one hundred. Both off by more than one percent apple. It looks like on the day off about one point. Five percent. final numbers on nasdaq closing out the action at fourteen thousand six hundred and sixty on the day that's off one point two one percent on the day the route deepens in china tech stocks will be talking about that today with tommy also heart too with kathy would and carol sokolov live on the platform for real vision subscribers right now an excellent interview one that i am very much enjoying tommy. Welcome back have you been. I'm in great ash. Thanks for having me back of always seem to show up. On these tuesday's that are really volatile. And we've got the three big tech stocks reporting. I see microsoft to think they're out 'cause they're trading up ted Yeah it's exciting. Lots of stuff happening. Tommy you need to tip your agent forgetting you unreal vision briefing on the best days for market volatility. Give us a little bit of an overview for what you think has been happening on the nasdaq and i know that. We're we've got some live Reports today microsoft. Google apple reporting today after the bell. I think apple's at four thirty microsoft and google either out or out shortly will be bringing those to live as the numbers. come in. But tommy what do you think overall on the action on the day. Little bit of a dip maybe anticipation on earnings. What are your thoughts there. I what we've seen this We've had this market that has had a lot of divergences. And would i mean divergences. We've seen fewer new highs have seen. He were stocks above the ten day. Moving average twenty day moving average fifty day moving average of but we're hitting new highs and we're getting new highs because the mega cab tech names and consumer amazon facebook have done the heavy lifting and it doesn't take a lot for them to move up a little bit and really accentuate the move in the nasdaq. Nsm impede. but. I think it's interesting because we're starting to see some of these chinese tech names really fall apart and i'll tell you i. I've had several trades with those while many over the years but recently over the last six months i caught the top pretty well. Covered made a nice trade. I tried to buy in april. It was april or may. And i think it was on here telling everybody about it. I got stopped out and the trend has been very persistent on the downside. And we talked about it a while. Back how The chinese government has really declared war on these mega cab. Tech names consumer names in china and they just have you know the mandate to stamp out. Have they crushed the education stocks. I mean crushed the education stocks which was short those but while getting that education is the longer a for profit industry In china jack yesterday said data marxist leninism is back in china after all games years. I mean that's a pretty big..
"nasdaq" Discussed on Adventures in Finance: A Real Vision Podcast
"Welcome to the daily briefing. I'm jack farley. It is wednesday. June twenty third. Today the snp ended up slightly in the red. But the nasdaq eked out yet. Another gain ending on an all time. High samuel what are you looking at more. Were still under major copen restrictions here in europe but the travel industry is pushing back and so we may finally be able to get on planes coming in august. I'm glad to hear that oil. Today speaking of travel rallies on news of dwindling stockpiles with envy sox going up up up and speaking of surges bitcoin up more than eighteen percent after dipping below. Thirty thousand dollars and we are joined by real visions westwood. Nakimora wasn't how are you making sense of the action. We saw today in global equities. I don't think we can hear santa. Can you hear them. nah. I don't hear why soon we'll give him a minute to to unmuted by just have to tell you it. Just amazing to me when you look at what's happened since last week. Since the fed and the dot plots it was fascinating. Think we're basically where we were before that last fed meeting that things have pretty much. Come full circle the market new highs and so really you can just delete the past few days in the sense at least in the short term. Certainly not in the medium or long-term. I'm sure you would say western Yeah well it would It would seem like You know you could almost to lead the last week. But it's notable to point out that on monday and tuesday. The nikkei average in japan had an absolutely insane sort of a whip saw. Today's we had four percent down on monday. And then we had a three and a half percent recovery on tuesday today. It's as if you know nothing ever happened. That was all in reaction to you. Know the fed Powell and The j. on friday and so there's a lot of hedge fund positioning unwinding. But it's very interesting to see sort of this regional dispersion of indices not the no longer trading glued together and more wasn't i wanna ask you to samuel's point about how there's been so much topsy turvy action it's very hard to tell what regime were in arena regime where rates are rising and energy. Stocks are doing well or where they're falling tech stocks are leading the charge at every day. It sort of his off. You're you're on. And you're off. And i think more there's nothing more typifies that more than today. I saw earlier today. The two stocks that are leading the most in the and p. five hundred were petroleum and tesla motors. And those dogs have almost nothing to do that. And you can't say oh. It was the electric vehicle stocks lead and say it was the was the oil stock today. It really was just a risk on sentiment. And you really can't tell who's gonna be. Where's the baton goni past two in terms of leadership within. us equities what. What are you making sense of. How are you making sense of this lesson. I think you summed it up perfectly. I think right now there are. There's just this tug between Inflation as transitory how transitory his transitory growth versus value. Then you have that kind of like regionally like i'm just saying with you know Japan versus. Let's say you. K for example. Samuel that as well Year up you know diem. Indices is doing hitting all time record highs of japan just not all participating in this top months ago And then you see within sectors and you see within single stocks as well A lot of dispersion. So when i'm really seeing is just I think that we're finally a. I'm hoping we're finally in a phase in which we're actually not just like twenty twenty or you can just go along anything you can actually do. Some security selection and and sort of generate alpha based on i guess fundamentals. This guy's a stock pickers market. Perhaps samuel i have a question for you. So while investors in the us market were pretty indecisive in europe they definitely were decisive to the negative with the cac forty down zero point nine one percent the footsie down twenty two basis points and the dax down one point one five percent. How are you making sense of the weakness. We saw in europe while a lot of it has to do with the fact that even though vaccinations have done so well here in the united kingdom that we're still under a form of lockdown. It's hard to believe that the vaccination rate is higher here in the uk and in the us and this is what governments have been pushing for yet. We can't even step foot and go on an airplane to most places and this is really keeping europe in law. Hold the uk. Brits going abroad to places like spain. Portugal and greece is really the lifeblood of the economy here in the summer months and finally the travel industry is starting to say we've had enough. It's not enough clarity. There's not enough transparency to what the government is doing and other countries are getting fed up with what the uk's doing so we finally had a window that says that made the an aug people like me living here in the uk. We'll be able to get on airplanes and revive the rest of the economy in europe. I know there's been a lot of build up stocks in the past few months. But i'm curious to see what you think. Weston if this is already priced into the market or you think that there will be more value unlocked as more and more people are able to get on easyjet flights which is the equivalent to southwest airlines in the united states. And be able to take our summer holidays. They say here to spain. Portugal and those other countries. I really feel like that's what's holding the market back here in spite of that vaccine rates But then again. I said you know. Europa as as a whole euro stocks to bed Certainly the uk is certainly up performing more than i had originally thought my concern is actually on. The vaccine front would be the olympics in japan. coming up In which you have a very very low vaccination rates sub ten percent For japan and we have basically the entire world about the congregate here in about four weeks. So that's gonna be messy. Yeah listen to. What do you attribute to the exceedingly low rate of back station japan earlier we put up a chart while samuel was speaking of the rates of vaccination with israel and the lead united kingdom. Just edging out the. Us and japan showed up on the chart what why are people in japan not getting vaccinated and what risks. This posed as the summer olympics looms upon us. Severe severe underpriced So the there are. I mean there are many many reasons that want to but at this point is very inexplicable. The government knows that there's a vaccine They just approved of I think Derna last week this is. This has been around for quite some time now. Japan has resources depend.
"nasdaq" Discussed on Adventures in Finance: A Real Vision Podcast
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"nasdaq" Discussed on Adventures in Finance: A Real Vision Podcast
"They really don't have that ability they can only look the medium term and people were forget that we are still under lockdown in many places including the uk even though we have higher vaccination rates significantly higher vaccination rates In this country is opposed the united states that these lockdowns are still there which means that this value is still being unlocked in the markets. People still see a lot of growth to be had here. And that's why you see european markets performing so well compared to to us markets. All of a sudden. The attention is shift here because there's a lot of pent up demand and of course i'm one of those people hoping to get to spain hoping to get to portugal away from cloudy rainy britain and spend my money over there. That's just not happening right. Now they're still so much testing that has to go on and still you lockdowns. Yeah it's also interesting to think about the the the european project of the schengen area how we saw those hard borders suddenly materialize again with lockdown worth countries restricting access and changing their basically open border policies. Absolutely but it makes me think once those borders are opening back up which were having all types of signs will be very soon are interestingly. If you're an american you wanna come to the right now. You'll have an easier time than a brit china. Go to the now that we're no longer part of the eu. So i think it makes a lot of sense to look at some of those stocks. I mean if you made a lot of money in delta maybe wanna start looking at some of these e you airline some of these uk airlines certainly. They've seen huge increases since the bottom in the pandemic. but there's a lot of value still locked up in the lockdown waiting to be unlocked gentleman. Anything we've missed. I've got one final story that i wanted to throw out. Yeah well i think if could go back. Samuels points on the dollar. The federal reserve meeting an announcement that it plans on planning on raising rates and the accompanying market action has really breathed new life into the dollar if you look at the. Us dollar index. We're now at ninety one and you don't really see that went from ninety to ninety one. Don't really see those big moves. In currencies to zero point seven rise in the is very big mma currencies and what are the components of the us dollar index. It's mainly the euro and then the japanese yen and let's look at how those interest rate differentials and rising rates really affected that if you look at this part of the ten year you'll see that the. Us dollar rallied against the japanese yen in lockstep. Pretty much with the us. Tenure and the reason is that when rates are high in the us relative to germany relative to japan that attracts capital abroad to go into the us market to earn yielded. Just money looking for home just like just like us and let's look at one of my favorite stories because it's so easy to understand who wouldn't want to put money in the us bank and get these interest rates if they're heading one direction it's one of the few times you can say that's easy to explain exactly. And then the euro. Likewise i made the start of the two year differential between the us to yield and a german two year. Boone dealed and you can see that as a german yields helps flat and two years absolutely exploded yesterday that was a big catalysts So yeah we we can. Put that down samuel. I know you were talking earlier about the impacts of a rising dollar a weaker dollar on the ability of countries and to import and export. and how that impacts. Competitiveness can tell us a little bit about that..
"nasdaq" Discussed on Adventures in Finance: A Real Vision Podcast
"I wasn't a a labor migrant looking for work living in mexico between the us and mexico and sending money was often complicated yeah sending money domestically in the united states via western union is also complicated and expensive in an additional challenges as jack pointed out the percentage basis but also there fixed costs so that if you're transferring very small value transactions. The fixed costs eat into them very quickly And it really is very much a challenge. I'm looking here at our questions. And it's not surprising. They're beginning to light up the screen. here's an interesting one that comes to us from gabriel alvarez and the it's actually a very high level question about what we were talking about earlier touching on points that you made samuel and also you jack San gabriel says. I don't understand markets. How can the fed be hawkish. When they're talking about rates at raising interest rates twelve to interest eighteen months from now what. Why is that hawkish. Would it be hawkish. If they said they were raising rates within the next three months or something like that. I just don't get it. This is a great question. They're never going to do that. It gets back to the whole. I mean they are there as one economist. Put it just not to make fools of themselves. They've got into this cycle of talking about talking about talking literally. That's what the fed chair was saying. I just don't think that we live in environment anymore or something like that can happen. People want these signals coming far as far as possible. So the fact that we're even saying hawkish twenty twenty three. yeah okay. The our friend is right but this is the nature of the fed now in the market the market reaction and you go back to burn a few words that can really change years of thinking. This is the environment that we're now talking about talking about talking shack. Yeah i think. Gabriel is exactly right. The federal reserve. They have not given exact dates. On when they are going to start tapering. And by the way when they start tapering they're gonna taper from one hundred and twenty billion dollars per month of asset eighty billion treasuries forty billion of mortgage backed securities or. Mvs they're gonna go from one hundred twenty two one hundred ten and then one hundred ten to one hundred one hundred ninety. There is no real cold turkey. Here it is they're just very very gradually tapering your assets. And then after that only after three quarters and this is what they've said of tapering. Are they going to raise rates. Gabriel is exactly right that this is a of you know on a classical base. This is not a super hawkish stance. I think that this is a journalist. Described this or market participants described his hawkish. It's relative you know. In the same way that forty degrees. It feels warm in the winter and sixty degrees feels cold in the summer. I think we've been in a very long time. And now this is a slightly hawkish relative to that. You know the wm. But it wasn't what was expected at the end of the day and that's why it gets back to what we were talking about at the beginning of the daily briefing is that is. Obviously the situation isn't as transitory. As some people had had signalled. I'm not saying there's a huge difference because as the viewpoints out. We're still talking ages away but clearly. The fed in in their thinking had changed from what they were saying. Not just not that long.
"nasdaq" Discussed on Adventures in Finance: A Real Vision Podcast
"About this is the time to use a service like ours where you can take out a loan for the future appreciation of your bitcoin. So i thought that's an interesting opportunity there. But i think at the of the day. This is really a strong case for bitcoin. So if they can't make this happen. I think for either these fundamental questions that you get back into these big debates about where bitcoin is. I would love to see these world real world examples. Come to life because it would give more credence to bitcoin. Is that people who can't understand bitcoin. If you could see a situation like this where you could actually take that money. That's being sent back. And it's not just all salvador. We've seen a spike in in bitcoin. Being used across central america especially since the news came out that al salvador was moving toward making this an official currency. And if you ask siri or alien say right now. What is the official currency of el salvador. She'll tell you that it is the dollar and it is bitcoin. It is there. Yeah i should add. Zack mallards Who is the founder of of of zap was on religion talking about the remittance. Use case issue of the product. Being used in el salvador is strike which by zap And it is a product that uses the lightning network which is a payment rail on l. To solution on top of bitcoin. Check anything to add on that point. yes i think that it makes perfect sense for someone a mother father who's very hard in the united states and they want to send they'll say Hundred dollars per week Back to el salvador. And they see western iranian. I i. I don't know what the exact speed is. But you know they. They're taking eight percent. They're taking ten percent. I think that That that is definitely a market that is ripe for disruption but but Maybe what what happens if they send over. Bitcoin and bitcoin declines twelve percents over the by the time that their family can take out the money. You know i. It's maybe it's better to go with western union. Well i think the payment rails are set up that they are they're basically they're arbitraging out the bitcoin risk. I think bitcoin is just being used as a basically as a transmittal currency On under the strike slash zap model over the lightning networks. There shouldn't be fx risk that's being hedged relative to bitcoin. The risk in theory is from the dollar. I than from the time you earn the dollar. I the currency that it's being remitted into in this case in el salvador by believe el salvador uses dollars as their primary currency. So in this case there's actually no fx risk in theory if it's being hedged out through the strike zap product. That's great is the us dollar but it just gets back to. What jack was was saying there You would think that sending money especially with the huge amount of central american workers that you see in places like new york the east coast much more than you see in places like this out west in the united states. You would think that they would be inexpensive ways. That were popularized really a lot of ill. Lot of immigrants still from those high rates The jack was referencing there. It's not such an easy process especially on the other end in el salvador lot of immigrants will have a bank account. It will have a social security number. They can send it through the popular banks that we know but on the other side it up in mexico in el salvador and other central american countries can be rather complicated. Even me you know. I wasn't working as as an immigrant in that sense..
"nasdaq" Discussed on Adventures in Finance: A Real Vision Podcast
"It's been the quick question We know that there's inflation The thing that we are debating Not just on the show but more broadly in the investing community is this nature of transitory ness And the idea here. Is that when you have a obviously a catastrophic event like the covid crisis and then you were following it up with the reopening You can have these frictional issues. Mismatches in supply and demand That cause imbalances in the market that cause inflation to spike temporarily and it is very much Something that i. Ajay powell is playing kind of close to the vest about understanding the balance of continuing to stimulate the economy. Obviously a monetary policy remains accommodative. This is as we talk about hawkish. Nece it's also important to remark This is about. The relative levels of which accommodation are being withdrawn from the economy. We're not running a tight money policy by a widespread And so we're just becoming slightly less accommodative at the margin. It's the rate at which were withdrawing that accommodation. That is what we're debating here today and it's the talking about the talking about talking about increasing the interest but i'm curious i'm i would like to know your take ash. What are the factors that. Stand out to you in terms of this being transitory or not. What are the arguments that really. Take shape in your mind. Well it's exactly the points that i just mentioned whether or not we see. These sustained rises in prices Whether or not It begins to translate through the system. Or whether it's just about these short-term supply and demand imbalances For example it's very difficult to here in new york city where i live. I'll give you an example. I went to a restaurant the other night and they were closing. It like nine o'clock and said guys you were open 'til like midnight. What's going on. And they said we can't find the people To staff the restaurant people who are in the food services industry left new york city Because the rents here are disgusting and the jobs were disappearing so they left so now..
"nasdaq" Discussed on Adventures in Finance: A Real Vision Podcast
"A new day a new era the newest member of the real vision editorial team. Samuel burke samuel welcome. Thanks so much for having them excited to be here. And i wouldn't want to start this without a hat tip to add harrison. Because i knew he has such a big fan base here and the fact good. I'm here has nothing to do with the fact that he's moved on to bigger and better things but i know that he's beloved by the audience and beloved by people like me so it's an honor to be here and certainly not fill his shoes but try to stand next to issues at welcome jack. Thanks so much ask. It's great to be here on samuel's first day on the daily briefing indeed so we've been talking a little bit offline about all the things that are happening in markets. The big show of the big story of the day obviously continues to be the hawkish fed. What are your thoughts on. This guy's semi. Well let's start with you. Well i think the fed got it right and it was interesting. Ft t. headlines saying that the fed had nailed it if you could get the reaction. I mean yes. There was reaction in the markets. But it wasn't huge reaction. And i think what really fascinates me is the fact that what's shifting this. I really believe is work from home. And the fact that employees are suddenly into power position may be some offices opening back up and people don't want to return to the office so they're looking for a company where the offices have closed and they're looking for employees. They're willing to work from home. And that puts all of the power in the employees hands for the first time in a very long time. And i really believe that's fundamentally what's driving these shifts here know a lot of people in the us talk about the fact that the extended unemployment benefits are driving this. Well i think that must be true. That must be a factor. But i'm here in the uk and we don't have those extended benefits. Ironically is more socialist country. Here you would think they might even deeper. But they're not and we're still seeing inflation here so i think at the end of the day..
"nasdaq" Discussed on CNBC's Fast Money
"Isn't that god no. I don't think it's no. I don't think it's particularly good. Because i think it's gonna wind up happening you know. Dan made an interesting point. That the last time we call window the feds started to taper and the dalwin straight up. That's the last time this time they could start to taper and continues to go lower. Because i think that genie's completely out of the bottle missed their opportunity there so i don't think it's particularly good. I think inflation is good until a point. And i think we're gonna get past that point so under my scenario i think it's i won't use the word catastrophic but i think it's really negative for the stock market all right. Thanks thoughts. quick thoughts here. Yeah i i want to be the concern here. I think. I think dan's wrong on this. It's a very different environment. In two thousand eight. Money went into corporations onto their balance sheets to repair it. We're giving money directly to consumers and they're spending it that's a very different economic dynamic and i'm on guy saw more on guy side here. I think it's a real problem. All the good parts about inflation happened first and then it gets real bad so we've got some time here. Maybe come september when all the stimulus rolls off. Then we'll have another issue all right. Well as we mentioned this is our first day back here at the nasdaq markets but the exchanges have been opened for business throughout the pandemic of course companies. Still coming to market through appeals or specs so fi the latest example jumping more than twelve percent. And it's nasdaq debut. After merging with timothy poly hockey is social capital. Spac one of them. At least let's talk more about this with nelson greg's the president of the nasdaq nelson good to see you in person. Great see you and welcome back. Awesome now you great to be back even though you are a little bit far away. We'll go there. We'll get there eventually in terms of the capital markets. What have you seen. We saw blockbuster activity in the first quarter. So what are you seeing so far to date. Yeah so it is a remarkable year without specs. There's been a one hundred and thirty operating companies go. Public on nasdaq raised thirty. Five billion in capital in a given year if we see two or three deals raise a billion dollars. It's a good year this year. We've had over ten and june and july or shape very very big much worse as well. So yeah it is is definitely game on the market nelson first of all. Thank you for having us back. That's great to be back in terms of the types of companies. You see in the pipeline. Give us some insight into that because again a lot of people there's been some incredibly high profile names that have appeared right here and a lot of it's been fintech a lot of it's been kind of internet of things stocks anything that we're not expecting anything that you think sector wise. We should be walk. I wouldn't say tomato. You're not expecting but still a big backlog of consumer healthcare and technology enterprise consumer tech and you mentioned fintech as well so it's more of a continuation the same theme we've seen with some other sectors a deal here and there. But it's it's a real pipeline. Those kind of companies are you seeing the types of companies change with the interest rate environment and the market environment. And i'm thinking mostly of of sort of the higher valuation you know sectors like software etcetera been clobbered in the markets. They have but actually enterprise tack. Is we have a handful of deals. Coming up in In june july enterprise tech in a in a pretty big slate actually for september october. So they're public. Calm certainly taken a taking a hit. I think if you look at where they started from a year ago when these companies started we think about going public now. They're still pretty. High valuations attractive valuations for them to still go forward with their ipo. So it's gonna be pretty active. Boom are the best stays behind it. Well i think you have a. I think you'll know the numbers this year alone. We've had about three hundred back on. Nasdaq a reasonable one. Hundred billion dollars. Last year there were a few hundred. So really i think the the big determinative how that market plays out is going to be in two thousand twenty two and twenty three because most of the deals Happening now worse backs. It occurred last year even the year before. And those are starting to actually happen and we're seeing combinations go through but as you know there's been a pause and the sec is looking at You know how they focused on the transparency this back disclosure so i. I wouldn't say it's it's by any means stopped but we have obviously slow down. What is the biggest issue. Do you think at this point for s- back to find a listing at the nasdaq. I mean is it. is it the. Sec rules what. What is it exactly. I think there's plenty of companies that can find specs. It's more if you look at all the facts out there. The sponsor is looking for attractive combinations. We do hear from companies getting numerous calls a week from back looking to potentially do a deal with them. So i think you just have an enormous amount of a sponsors out there looking for attractive companies. Do business with and it will be. We'll see plays out. If there's that many companies that they're able to find over over time it sounds like a very challenging environment there nelson great to see you. Thank you so much i welcome back is. There's a lot more energy here with the inability nelson thank president of the nasdaq. Great to see you. He's being polite. I mean we were were noisy bunch. I mean the guy was here guys. Get the home when you get back. They're really going to the one thing. I wanna say about the spandex. Is that if you look at. The spec index is up about two percent over the last eighteen days. we had this period. We're kind of in freefall along with high multiple stocks a structure as a product class as a vehicle. You know people have to distinguish between high multiple company..
"nasdaq" Discussed on Owning Up
"Cdc <Speech_Male> <Silence> <SpeakerChange> <Speech_Female> <Speech_Music_Male> <Speech_Music_Female> core <Speech_Male> airs <Speech_Male> a longer <Speech_Male> answer for but <Speech_Male> sometimes it <Silence> just makes money but faster <Speech_Male> <Speech_Male> money flossy <Speech_Male> water some <Speech_Male> good sources <Speech_Male> of funding <Speech_Male> for education <SpeakerChange> programs. <Silence> <Speech_Female> I <Speech_Female> would say to star <Speech_Female> in your local <Speech_Female> area. Every <Speech_Female> state has grants <Speech_Female> <Speech_Female> So find out <Speech_Female> if you qualify <Speech_Female> for any of those <Speech_Female> grants how you qualify <Speech_Female> for any of those grants <Speech_Female> on <Speech_Female> so that would be number <Speech_Female> one. And then <Speech_Female> also. Don't be afraid <Speech_Female> to start asking <Speech_Female> questions in your local <Speech_Female> networks. That <Speech_Female> is a really great place. <Speech_Female> So many times you'll be <Speech_Female> surprised how <Speech_Female> much information your <Speech_Female> local network has. <Speech_Female> But if you <SpeakerChange> don't ask <Speech_Male> you. Don't now <Speech_Male> whitney <Speech_Male> ask. <Speech_Male> There seemed to be so <Speech_Music_Male> many resources <Speech_Male> out there. How do we <Speech_Male> whittle them down. <Speech_Male> And focus on the <Speech_Male> appropriate <Speech_Male> and applicable <Speech_Male> options <Speech_Male> <SpeakerChange> flossy. <Speech_Female> And he's there. <Speech_Female> That's honestly <Speech_Female> why we started <Speech_Female> mc because you <Speech_Music_Female> will google yourself <Speech_Female> to death otherwise <Speech_Female> <Speech_Female> we built custom curriculum <Speech_Female> here at. Mc <Speech_Female> called building your business <Speech_Female> amc way because <Speech_Female> it's broken down <Speech_Female> into seven <Speech_Female> it's sixty five modules <Speech_Female> because <Speech_Female> you will have no <Speech_Female> idea where to start and <Speech_Female> we wanted our <Speech_Female> spouses to come in and find <Speech_Female> step one <Speech_Female> and step <Speech_Female> two and then <Speech_Female> step three. I know <Speech_Female> it's really hard. <Speech_Female> But i would <Speech_Female> suggest finding a program <Speech_Female> or a mentor. <Speech_Female> Something <Speech_Female> through your local <Speech_Female> s or <Speech_Female> your business center <Speech_Female> or your local score <Speech_Female> chapter and <Speech_Female> basically getting a <Speech_Female> plan together on <Speech_Female> what you need. And <Speech_Female> that's what we did for. Our <Speech_Female> members does that are <Speech_Female> members. Were drowning <Speech_Female> in the. I have no idea <Speech_Female> where to start. <Speech_Female> And money. And i went <Speech_Female> to the school of google <Speech_Female> youtube. And that's how we <Speech_Female> built our first businesses <Speech_Music_Female> and we <Speech_Female> didn't on our our fellow <Speech_Female> military south <Speech_Female> to have to do that. We <Speech_Female> wanted to give them a very <Speech_Female> structured place to <Speech_Female> know how to build a business <Speech_Female> and <Speech_Female> to know what steps <Speech_Female> one and two were and <Speech_Female> if they needed any help <Speech_Female> they can lean on their fellow. <Speech_Music_Female> Military's thousands <Speech_Music_Female> also building businesses. <Speech_Music_Female> So <Speech_Female> i just highly highly <Speech_Female> suggest to <Speech_Female> find a mentor. Final <Speech_Female> local program final <Speech_Music_Female> local support network <Speech_Music_Female> and ask those <Speech_Music_Female> places because otherwise <Speech_Music_Female> google's coming <Speech_Music_Female> they have the world <Speech_Female> at their fingertips <Speech_Female> on so find a <Speech_Music_Male> program <SpeakerChange> for our <Speech_Music_Male> <Speech_Male> and communities <Speech_Male> important. <Speech_Male> Even <Speech_Male> now more than ever. <Speech_Male> Right i <Speech_Male> use that <Speech_Male> overused <Speech_Male> term but <Speech_Male> during the pandemic and people <Speech_Male> have been <Speech_Male> really <Speech_Male> hungry for community <Speech_Male> in connections <Speech_Male> and support <Speech_Male> so <SpeakerChange> really appreciate <Speech_Music_Male> that all right. <Speech_Male> We'll were almost <Speech_Male> at the end <Speech_Male> of our time. <Speech_Male> So <Speech_Male> thank you <Speech_Male> moaning <Speech_Male> flossy. Jj <Speech_Male> in abbey for <Speech_Male> joining us today to share <Speech_Male> some of your insights <Speech_Male> some of your tips and <Speech_Male> tricks <Speech_Music_Male> of inciting such <Speech_Male> a great overview <Speech_Music_Male> on behalf of everybody <Speech_Male> on the nasdaq entrepreneurial <Speech_Male> centers team <Speech_Male> in myself and everyone <Speech_Male> Attendance <Speech_Music_Male> today. We sincerely <Speech_Music_Male> thank <SpeakerChange> you for joining <Speech_Music_Female> us. <Speech_Music_Female> <Speech_Female> Well listeners. <Speech_Female> We have reached <Speech_Female> <Advertisement> the end of our episode. <Speech_Female> We thank <Speech_Female> you so much for listening <Speech_Female> to owning up. <Speech_Female> <SpeakerChange>
"nasdaq" Discussed on Owning Up
"Reached out to national organizations. Have said hey. Can you teach us our spouses how to use this in how to do that. The key is to continue to stay. Educating yourself and learning tools to continue to stay with the times right so everybody's online so you have to learn to pivot and the places you have to go are the places that are offering those resources for you to continue to drive your sales and jj over to you. Usa is a long standing organization. How did the pandemic of impact you guys in. How did you overcome some of those challenges. It didn't know it actually has been interesting. I was actually at a military spouse event when we got called back. This is back in february and said. Hey that's no more face to face. Events and so as part of an organization that are ambassadors for usa. Out there if you ever go to an event and there's a usa guy holo shirt or gal. It's from my team and so we really had overhaul the way we did business. And i think ultimately taking thirty five thousand employees that were out at the various offices. We have it within a week. We're down to less than a thousand that were still in those offices. So that was to me was pretty neat transformation. But we also we've we've given back a billion dollars to our auto policy holders auto dividends. We did a part of the military family relief initiative or thirty million dollars and giving the to support military families directly organizations that.
"nasdaq" Discussed on Owning Up
"How did you get these relationships. It's been a over time. It's been showing up. It's been supporting what they're doing in their endeavors and things it they're going through and just showing up for your community every day. I think that that showing up flossy night all the time. I think that they've seen that when we presented and we reached out reached out to them in pitch them. They were like. Yeah how can we help you and you know we said that mark dad can they were like. Hey let's get on a call. This is what we can do in we move forward from there so you know i will say the number one thing is the relationships over time. It doesn't happen right away. i mean some of it. Can you know what i mean. Which is great but these types of relationships are around for longevity and we intend to continue to grow them to make a greater impact in the lives of military spouses. Museum relationships are key in this day and age. Flossy when you were all on zoom nowadays and some tree your partnership discussions have been in a similar environment that we're all in right now. What are some of the tips and tricks other than maintaining the relationships you guys are coercion. Up to with jj abby. What are some of the tips and tricks. Board pitching on zoom. What are the some of the materials for our audiences you found to be helpful not helpful. Insure a little bit about that s. That's my job at and lincoln is my biggest tool. my profile. lumberton is filled out. I post anything consistently about who. I am and what i do who. I advocate for about my work. I reach out on lincoln. I go after relationships of people company. That i know that can support my mission and message them and say hi. I'm flossy. i'm nicole founder. Of the association military south on news. And i leave the question of saying. What do you do to support military spouse entrepreneurs and usually that leads to a conversation a while..
"nasdaq" Discussed on Owning Up
"In giving a warm. Welcome to our special guest today. We've got money who's co founder and ceo. Amsi we've got glossy us at co founder and ceo of amsi. We've got jj news relationship director military affairs at usaa and we got abby diversely program manager at amazon. So welcome guys. Hey every mackney. Thanks for joining us. Happy to have you running. Thanks for having us already. We're gonna jump right in first question for mony. Your journey of the founders immensely interesting ambling to sharing more. But the risks and successes. You've achieved in securing funding in growing hundred x. Congratulations by the way in your first year. At this moment please share with us the beginning of your journey. How'd you begin as a founder. And what inspired you to take luli latina. I get this question all the time because we've had such great success for me personally. I started like every other military spouse having to hit the restart button every time we move because of our military member you know having to transition from base to base and having to start at the bottom everywhere. We went so for both of us. I know we took the leap. Because we couldn't find the resources out there at the time to support us in our entrepreneurial journey flaunting i both working for organizations that specifically help Military spouses and working in advocating for them already. But what we found was that there were no specific resources for entrepreneurs that something that flosse my struggled with in building our other businesses. Were always googling. Just kind of trying to figure it out. And that's what led us to really take the leap start the association a military spouse entrepreneurs. We really wanted to just provide a place that was very tailored four military spouses. Amazing as very important work. So thank you for what you're doing. What mindset subdued during your early journey Our attendees founders to adopt to be successful in the times that we're in right now the number one is don't be afraid to fail for us. We'd bootstrap this thing..
"nasdaq" Discussed on Owning Up
"Hello listeners. I'm here line schaefer. Emc's podcast producer. Thank you for joining me today. Lafayette money will be back very soon with season. Three of owning up now. Recently the ladies were live on the nasdaq entrepreneurial. Centres facebook page..