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Apr 11, 2024
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. >> a good day to hear from mike santoli. every day really is, but especially today given this second inflation print. a lot of fed speak. the market is acting interesting. we'll talk to him next. at morgan stanley, old school hard work meets bold new thinking. to help you see untapped possibilities and relentlessly work with you to make them real. encore energy, america's clean energy company, now in production in south texas. energizing america with reliable and affordable uranium for nuclear energy fuel from our environmentally friendly extraction process. encore energy. ever worry your whole life is spent on golf? nah. sinking putts? the only thing sinking is my savings... there's the kid's braces and my parents to care for. i'm gonna caddy forever. with empower, i get all my financial questions answered, so i don't have to worry. empower. what's next. the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free. now
. >> a good day to hear from mike santoli. every day really is, but especially today given this second inflation print. a lot of fed speak. the market is acting interesting. we'll talk to him next. at morgan stanley, old school hard work meets bold new thinking. to help you see untapped possibilities and relentlessly work with you to make them real. encore energy, america's clean energy company, now in production in south texas. energizing america with reliable and affordable uranium for...
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Apr 16, 2024
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our senior markets commentator, mike santoli, is at post 9 with us for his "midday word." you know, if we have this relentless backup in rates, you're going to be looking at a stock market that looks at best like it does of late. >> no, that's right. the treasury yields are kind of searching for the pain threshold. people can estimate what that is. in terms of restraining economic growth and just sort of bumping up against where equity valuations are, if it's 4.8, if it's 5.0, i've seen evidence of that. what i still think is relevant, though, it doesn't translate into a specific level for the market. it directionally puts pressure in that direction. and then tactically it's kind of like, are we oversold yet? are we hoping for a little more heavy selling so it's not so orderly? i think that's the zone we're in right now. you have home builders in a 10% correction. a lot of the stuff that, you know, people were leaning on into the first quarter this year is just getting questioned. i think nothing makes this look anything more than normal backing up after a rally. but what
our senior markets commentator, mike santoli, is at post 9 with us for his "midday word." you know, if we have this relentless backup in rates, you're going to be looking at a stock market that looks at best like it does of late. >> no, that's right. the treasury yields are kind of searching for the pain threshold. people can estimate what that is. in terms of restraining economic growth and just sort of bumping up against where equity valuations are, if it's 4.8, if it's 5.0,...
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Apr 30, 2024
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mike santoli joining me at 3:00. >>> coming up, we'll set you up. we have a lot of stocks on the move owned by the committee. we'll trade all those next. (♪♪) iconic brands speak for themselves. we are so excited to welcome you to our community. today is all about you. (♪♪) (♪♪) >>> all right. some committee stocks on the move today. nxp, they beat. jimmy, you own it. you trimmed it a couple months ago. we can take a look at the performance of the stock, there it is. it is up 1.75%. >> this has been a little unsung darling in my portfolio for self several years. but the guidance was okay, it was in line. according to a second half recovery in the auto sector in particular, obviously expectations were very low here with what's going on with tesla and other electric vehicle manufacturers. i think, though, this is getting a little long in the tooth for me. i'm having a hard time saying that, but it's getting long in theth tooth. so i did trim it. >> keep us up to date. eaton, receiveny, new all-time high today. that stock is -- >> it's reve
mike santoli joining me at 3:00. >>> coming up, we'll set you up. we have a lot of stocks on the move owned by the committee. we'll trade all those next. (♪♪) iconic brands speak for themselves. we are so excited to welcome you to our community. today is all about you. (♪♪) (♪♪) >>> all right. some committee stocks on the move today. nxp, they beat. jimmy, you own it. you trimmed it a couple months ago. we can take a look at the performance of the stock, there it...
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Apr 9, 2024
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mike santoli will be here with his "midday word." ment, but i wd more cash. you think those twod have any idea? that they can sell their life insurance policy for cash? so they're basically sitting on a goldmine? i don't think they have a clue. that's crazy! well, not everyone knows coventry's helped thousands of people sell their policies for cash. even term policies. i can't believe they're just sitting up there! sitting on all this cash. if you own a life insurance policy of $100,000 or more, you can sell all or part of it to coventry. even a term policy. for cash, or a combination of cash and coverage, with no future premiums. someone needs to tell them, that they're sitting on a goldmine, and you have no idea! hey, guys! you're sitting on a goldmine! come on, guys! do you hear that? i don't hear anything anymore. find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. when people come, they say they've tried lots of diets, nothing's worked or they've lost the same 10, 20, 50 pounds o
mike santoli will be here with his "midday word." ment, but i wd more cash. you think those twod have any idea? that they can sell their life insurance policy for cash? so they're basically sitting on a goldmine? i don't think they have a clue. that's crazy! well, not everyone knows coventry's helped thousands of people sell their policies for cash. even term policies. i can't believe they're just sitting up there! sitting on all this cash. if you own a life insurance policy of...
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Apr 29, 2024
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hall see you on the bell >> tt's mike santoli, senior markets commentator. we'll do final trades next ameritrade is now part of schwab. ♪ ♪ ♪ our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly. only at vanguard you're more than just an investor you're an owner. that means your priorities are ours too. our retirement tools and advice can help you leave a legacy for the ones you love. that's the value of ownership. (torstein hagen) in my simple world, can help you leave a legacy there are only three things that matter in human beings. first, they have to be kind. kind. second, they have to be honest. and third, they have to be hard-working. it's very simple. wherever you are in the world, when you come to a different culture, you meet people of very different backgrounds, but you find out that they have the same ambitions and the same fears just like
hall see you on the bell >> tt's mike santoli, senior markets commentator. we'll do final trades next ameritrade is now part of schwab. ♪ ♪ ♪ our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly. only at vanguard you're more than just an investor you're an owner. that means your...
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Apr 19, 2024
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let's get more from mike santoli joining us, and, mike, the dow may be up, but, again, who cares? there's a lot happening? >> there's a whole lot happening at the top of the nasdaq and the s&p which is really weighing on the indexes. equal weight is flattish or better right now what it does tell you is we have this market, we have to contend with this for the last several weeks in the pullback, which is the most crowded stocks of this market also happen to be the biggest and most expensive you have to give a lot of room for them to reset when there is this massive rotation going on, when basically people are saying -- and also when you get netflix, a blow-out quarter and a market kind of says, sorry, what else you got? and sells off the stock, maybe next week's earnings for the big guys is not going to be magic. i think that sets us up better, because here we are cleaning up positioning and having a 5% pullback and also having these relentless intraday declines every time the market pops the head up, it gets swatted you're draining away a lot of the short-term optimism. all of the
let's get more from mike santoli joining us, and, mike, the dow may be up, but, again, who cares? there's a lot happening? >> there's a whole lot happening at the top of the nasdaq and the s&p which is really weighing on the indexes. equal weight is flattish or better right now what it does tell you is we have this market, we have to contend with this for the last several weeks in the pullback, which is the most crowded stocks of this market also happen to be the biggest and most...
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Apr 10, 2024
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that's mike santoli. coming up, we're standing by for the first fed reaction due to today's cpi print, goolsbee, barkin, speaking in about 30 seconds from now. we'll try and have the headlines for you, too, when we come back. this is our future, ma. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo >>> we're back. gold rallying more than 10% to start the year. bofa ratchets up its forecast for gold and copper. let's kick these around, bryn. gold remains one of their favorite metals. been on a run. they're saying $2,500 by q4. copper goes to 9321 per metric ton. you own bhp but what are your broader actionable thoughts for our viewers on this? >> i think gold, first of all, you have twofold here. number one, you have the chinese have been for the past couple of years, and russia, buying gold. you also have, if rates stay at this level, by the end of this year,
that's mike santoli. coming up, we're standing by for the first fed reaction due to today's cpi print, goolsbee, barkin, speaking in about 30 seconds from now. we'll try and have the headlines for you, too, when we come back. this is our future, ma. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo >>> we're back. gold rallying more than...
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Apr 24, 2024
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with commentator mike santoli with his "midday word." savvy investors know that gold has stood the test of time as a reliable real asset. so how do you invest in gold? sandstorm gold royalties is a ped company offering a diversified portfolio of mining royalties in one simple investment. learn more about a brighter way to invest in gold at sandstormgold.com. [alarm beeping] amelia, turn off alarm. amelia, weather. 70 degrees and sunny today. amelia, unlock the door. i'm afraid i can't do that, jen. why not? did you forget something? my protein shake. the future isn't scary, not investing in it is. you're so dramatic amelia. bye jen. 100 innovative companies, one etf. before investing, carefully read and consider fund investment objectives, risks, charges expenses and more prospectus at invesco.com. hi, i'm jason and i've lost 202 pounds on golo. so the first time i ever seen a golo advertisement, risks, charges expenses and more i said, "yeah, whatever. there's no way this works like this." and threw it to the side. a couple weeks later,
with commentator mike santoli with his "midday word." savvy investors know that gold has stood the test of time as a reliable real asset. so how do you invest in gold? sandstorm gold royalties is a ped company offering a diversified portfolio of mining royalties in one simple investment. learn more about a brighter way to invest in gold at sandstormgold.com. [alarm beeping] amelia, turn off alarm. amelia, weather. 70 degrees and sunny today. amelia, unlock the door. i'm afraid i can't...
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Apr 12, 2024
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mike santoli. for more on the markets and this year's biggest selloff so far, let's bring in a managing partner at dcla, and a cnbc contributor. he'll be with us for the entire hour. what do you make of what's been going on the past couple of weeks? >> i think we have had such a quick run this year. nobody expected the market to be up 10%, but what they didexpect with that was that you would see some fat cuts. you've got a strong economy and you've got inflation. where do we go forward from here, and at what point do you get cuts? you've got multiple expansions and s&p 21. it's up to earnings. it's up to companies that provide good earnings and good expectations. >> we're going to talk a little bit more about that. >> they weren't really that bad. >> they weren't that bad? that's what i'm reading. >> look at jpmorgan, right? year to date, it's up 7% after selloff. a year ago, it's up 43%. the s&p is up 25%. so a lot of it was built in on the expectations. now what happens is you get the selloff. yo
mike santoli. for more on the markets and this year's biggest selloff so far, let's bring in a managing partner at dcla, and a cnbc contributor. he'll be with us for the entire hour. what do you make of what's been going on the past couple of weeks? >> i think we have had such a quick run this year. nobody expected the market to be up 10%, but what they didexpect with that was that you would see some fat cuts. you've got a strong economy and you've got inflation. where do we go forward...
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Apr 22, 2024
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mike santoli is back with us for his midday word. we're due for a bounce, but saying we're due for a bounce doesn't get you a bounce. >> no, doesn't. it's sort of indifferent i think the boringness of the morning action just in the narrow range and stress evident is probably in the positive and it shows you there wasn't this self-reinforcing mechanical unwind that needed to continue today because last week's action could have told you that. so far no deep fade in an intraday rally and we'll see if that lasts and the market breadth is positive today and one thing that maybe people have to be prompted to notice is the bond market has been nothing for a week and yields are flat and if it goes down enables the stock market to get its feet under it. again, there's a lot to prove and it's got to be up 3% before you're turning the tide on everything. >> it just seems it took the market a little bit of time to catch up to the bond market in terms of what the bond market was telling us about higher for longer and the stock market in some sens
mike santoli is back with us for his midday word. we're due for a bounce, but saying we're due for a bounce doesn't get you a bounce. >> no, doesn't. it's sort of indifferent i think the boringness of the morning action just in the narrow range and stress evident is probably in the positive and it shows you there wasn't this self-reinforcing mechanical unwind that needed to continue today because last week's action could have told you that. so far no deep fade in an intraday rally and...
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Apr 15, 2024
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mike santoli. up next, two big winners and two big losers in today's session. ♪ ♪ ♪ ♪ >>> the dow's barely holding on to gain, but we do want to highlight some winners and losers. on core wire, one of the day's biggest winners. that along with sentene and tesla, weiss, you're still short that name. they'll lay off more than 10% of their global workforce. >> i pressed short this morning down five bucks or whatever it was. this is 90 times earnings for a company that is declining on every measure you could meet. so why on 90 times at 7 times earnings it makes no sense. this is not a growth company anymore. >> don't look now, but boeing is on a historic losing streak. if it's down today and it's lower and that would be 11 in a row and that is the longest losing streak since november 2018. we'll flag that as we keta another break and we'll come back with finals next. >>> we'll take you through the final hour on closing bell with dan greenhouse, lauren goodman and aaron brown with the playbook t
mike santoli. up next, two big winners and two big losers in today's session. ♪ ♪ ♪ ♪ >>> the dow's barely holding on to gain, but we do want to highlight some winners and losers. on core wire, one of the day's biggest winners. that along with sentene and tesla, weiss, you're still short that name. they'll lay off more than 10% of their global workforce. >> i pressed short this morning down five bucks or whatever it was. this is 90 times earnings for a company that is...
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Apr 8, 2024
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our senior markets commentator mike santoli is here with his midday word. so i'm looking at your writing today. >> yeah. >> you made the point, too, as we assess where we are that bull markets don't typically end when an economy is good like this. >> or the line -- that's better said. the line that sticks to me in your note today is a patient, ambivalent fed can be fine with wall street if the economy stays firm if the rate cut, expand. >> first of all, the inflation question is so central and the reason that the market would have a problem with the fed being more patient and pushing it off is that, one, the economy was suddenly weakening below the headline data. some people are pointing to it's all part-time jobs and don't get excited about the jobs number and there's loosening up. consumer companies talking about demand and traffic fall off. now i'm not saying that's the prevailing view and if you thought that was the case then you have to worry about a patient fed and the other piece of it is, the fed has told you that inflation more or less tracks what
our senior markets commentator mike santoli is here with his midday word. so i'm looking at your writing today. >> yeah. >> you made the point, too, as we assess where we are that bull markets don't typically end when an economy is good like this. >> or the line -- that's better said. the line that sticks to me in your note today is a patient, ambivalent fed can be fine with wall street if the economy stays firm if the rate cut, expand. >> first of all, the inflation...
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Apr 1, 2024
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april 2, 2024 is our opening day. ♪ ♪ >>> mike santoli joins us with his midday words. good to see you. new quarter. rates are up. you think today's selloff is in any way trepidation about interest rates? what is on your mind? >> there's definitely a little bit of the attention to the move in yields. we did have an indication for a higher open before we got the strong numbers, and i think that's happening in the context of a little reversal of the end of quarter action. may be over indulged in some respect, and it was a broadening move and a lot of the speculative stuff was being scooped up. the worst performing s&p performing stops year to date, all of them are down and you want to wait for them to clear out. there's a relatively delicate equilibrium we are in, where the economic numbers are good enough. inflation has to be where it is, and we see where the fed and yields go. i think we are getting tested on that front, but it's not much more to make of it than simply you are up 10% and have not had a 2% pullback long-term that has positive implications, and short-term
april 2, 2024 is our opening day. ♪ ♪ >>> mike santoli joins us with his midday words. good to see you. new quarter. rates are up. you think today's selloff is in any way trepidation about interest rates? what is on your mind? >> there's definitely a little bit of the attention to the move in yields. we did have an indication for a higher open before we got the strong numbers, and i think that's happening in the context of a little reversal of the end of quarter action. may...
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Apr 4, 2024
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mike santoli, thanks. "final trades" are next. at morgan stanley, old school hard work meets bold new thinking. to help you see untapped possibilities and relentlessly work with you to make them real. trading at schwab is now powered by ameritrade, unlocking the power of thinkorswim, the award-winning trading platforms. bring your trades into focus on thinkorswim desktop with robust charting and analysis tools, including over 400 technical studies. tailor the platforms to your unique needs with nearly endless customization. and track market trends with up-to-the-minute news and insights. trade brilliantly with schwab. >>> hope to see you on "closing bell," 3:00 eastern time. we take you through the final stretch with john. he's been bullish with this market. we'll find out if he still is. marcie mcgregor, roger altman and kevin simpson will be here at 3:00. "final trades" now. liz? >> gold miners today. the commodity is up today, i think it's up because of global currency volatility miners have not kept up. i think they can contin
mike santoli, thanks. "final trades" are next. at morgan stanley, old school hard work meets bold new thinking. to help you see untapped possibilities and relentlessly work with you to make them real. trading at schwab is now powered by ameritrade, unlocking the power of thinkorswim, the award-winning trading platforms. bring your trades into focus on thinkorswim desktop with robust charting and analysis tools, including over 400 technical studies. tailor the platforms to your unique...
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Apr 18, 2024
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mike santoli >>> all right. for more on the market and the fed let's bring in cnbc contributor tom lee who is a co-founder and head of research at fundstrat and profess ragu, governor of the reserve bank of india, professor of univcollege university school of business. i want to start with you, incredible just to see how quickly the market narrative has changed from expecting a rate cut in june to some economists saying not at all this year. you've been in the seat that powell is in, different country, india, but how you think he navigates this complicated scenario we're in, hotter economy with the inflation remaining much higher than expected and at the same time rates also staying higher, the impact that could have on consumers? >> yes i mean clearly we've had three strong readings of inflation, one you can dismiss, the january one, but the next two basically suggest inflation is not coming down in fact it's going up. if you looked at the mueasure te fed has looked at the super corps measure of inflation takin
mike santoli >>> all right. for more on the market and the fed let's bring in cnbc contributor tom lee who is a co-founder and head of research at fundstrat and profess ragu, governor of the reserve bank of india, professor of univcollege university school of business. i want to start with you, incredible just to see how quickly the market narrative has changed from expecting a rate cut in june to some economists saying not at all this year. you've been in the seat that powell is in,...
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Apr 22, 2024
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back to you mike santoli with a minute to go. tesla tomorrow. >> yeah. >> feels like they kitchen sinked a lot headed into this number. >> it's hard to think there's an outright negative surprise. historically tesla stock doesn't do well when it's about the fundamentals. right now people are assuming things have been so bad. the bright side is it doesn't matter for the index. it's way out of the top ten. doesn't seem to be a bellwether of that kind of risk appetite trade. that's nvidia still right now up 4% today. still very e rad ik as it bounces around these levels and seems to have put in a top. see how deep it goes. >> we'll walk you up to that tomorrow ahead of the earnings. hold onto 5,000 today in the s&p as the bell rings. >>> a bit of rebound to start the week, the s&p 500 snapping the six day losing streak as stocks gain back some of the ground. the action is just getting started. welcome to closing bell overtime, i'm morgan brennan with jon fortt. >> a big week for earnings reports are on the way from sap, cadence desi
back to you mike santoli with a minute to go. tesla tomorrow. >> yeah. >> feels like they kitchen sinked a lot headed into this number. >> it's hard to think there's an outright negative surprise. historically tesla stock doesn't do well when it's about the fundamentals. right now people are assuming things have been so bad. the bright side is it doesn't matter for the index. it's way out of the top ten. doesn't seem to be a bellwether of that kind of risk appetite trade....
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Apr 5, 2024
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mike santoli joinss, u as always, with his "midday word." so this is pickleball? it's basically tennis for babies, but for adults. it should be called wiffle tennis. pickle! yeah, aw! whoo! ♪♪ these guys are intense. we got nothing to worry about. with e*trade from morgan stanley, we're ready for whatever gets served up. dude, you gotta work on your trash talk. i'd rather work on saving for retirement. or college, since you like to get schooled. that's a pretty good burn, right? got him. good game. thanks for coming to our clinic, first one's free. >>> senior markets commentator mike santoli joining us at post 9 for his "midday word." i'll say what i said at the top to you, of course good news is good news. >> yes. good news is good news when the market was down 2% from the intraday high the day before, so i think if you do the counter, let's say we closed at 5250 and a great jobs report, yields are up and oil still has a bid and we're down 80 basis points, right? >> but bowman, right, best case cuts, inflation coming down. >> it is good news in the context of
mike santoli joinss, u as always, with his "midday word." so this is pickleball? it's basically tennis for babies, but for adults. it should be called wiffle tennis. pickle! yeah, aw! whoo! ♪♪ these guys are intense. we got nothing to worry about. with e*trade from morgan stanley, we're ready for whatever gets served up. dude, you gotta work on your trash talk. i'd rather work on saving for retirement. or college, since you like to get schooled. that's a pretty good burn, right?...
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Apr 18, 2024
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mike santoli is here so we got it down yesterday to what, 5,007-ish. had a nice little bounce off that still feels a little uneasy. >> and the bounce didn't get up to yesterday's highs so whoever feelsit's safe to sell every rally is probably going to have to be disabused of that down by 250 s&p points in three weeks, up by 25 at the highs today. so we're kind of conslow lessing in here. pressure has been taken off by the fact that yields aren't making new highs but they're close. we're still h the same dynamic of trying to gauge if anything has changed about the trajectory for the economy with yields up here i am very fixated on some of the cyclical parts of the market industrials have done better, transports we know have been a little bit ugly. so you want to try to read the message in the macro, aside from just hey, we need to pull back, we got a 4% pull gback, no big deal we haven't quite seen a big flush yet. >> let's see what netflix delivers today, just as entree into the growth stock earnings reports. >> that's what it represents, i think. that
mike santoli is here so we got it down yesterday to what, 5,007-ish. had a nice little bounce off that still feels a little uneasy. >> and the bounce didn't get up to yesterday's highs so whoever feelsit's safe to sell every rally is probably going to have to be disabused of that down by 250 s&p points in three weeks, up by 25 at the highs today. so we're kind of conslow lessing in here. pressure has been taken off by the fact that yields aren't making new highs but they're close....
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Apr 2, 2024
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mike santoli. the top winners and losers so far this year. wel rhtac'lbeig bk. emes™, it's easy to invest in ideas you believe in. spot a trend in electric vehicles? have a passion for online gaming? or want to explore the space economy? choose from over 40 themes, each with up to 25 stocks identified by our unique algorithm. buy it as-is or customize to align with your goals. all at your fingertips. schwab investing themes. 40 customizable themes. up to 25 stocks in just a few clicks. ♪♪ you know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. for nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which is pretty un-boring if you think about it. >>> welcome back. we kick off a new quarter. we look back at the ones that ended for winners a
mike santoli. the top winners and losers so far this year. wel rhtac'lbeig bk. emes™, it's easy to invest in ideas you believe in. spot a trend in electric vehicles? have a passion for online gaming? or want to explore the space economy? choose from over 40 themes, each with up to 25 stocks identified by our unique algorithm. buy it as-is or customize to align with your goals. all at your fingertips. schwab investing themes. 40 customizable themes. up to 25 stocks in just a few clicks. ♪♪...
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Apr 12, 2024
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ask our panel, requisite kamts, amy, co-founder and cy of vantage rock, she and mike santoli are with me on set. avery, i begin with you, anything meaningful change this week for the bulls? >> i think the bulls began to recognize that, you know, we -- you can't have your cake and eat it too r, right. the market looking for lower unemployment, costs, lower rates, lower inflation, at the same time looking for growth enabled by higher wages, higher prices, and higher government spending. and the reality is, the last part of that is coming to reality and -- or continuing and that means inflation is higher for longer, and it kind of makes it harder to have these low rates continue to -- have the low rates come soon enough to stimulate the economy for the next leg up. >> should we be less bullish than we were? did the game change in some respects this week because of the inflation reads that we got? >> yes. well, i mean i think that the bulls have gotten ahead of themselves, right. valuations have been expanding. year over year, valuations up 25% and earnings estimates have actually about f
ask our panel, requisite kamts, amy, co-founder and cy of vantage rock, she and mike santoli are with me on set. avery, i begin with you, anything meaningful change this week for the bulls? >> i think the bulls began to recognize that, you know, we -- you can't have your cake and eat it too r, right. the market looking for lower unemployment, costs, lower rates, lower inflation, at the same time looking for growth enabled by higher wages, higher prices, and higher government spending. and...
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Apr 8, 2024
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back to mike santoli. we haven't talked about earnings yet, and we're obviously kicking off with the banks. this season is going to be interesting given the number of sectors that have done really well to start the year. it's not just saying, hey, the bar is really high for tech. no, i mean, maybe the bar is really high for financials up 11% on the year. maybe it's really high for industrials up 10% on the year, and energy up 16. >> yeah. >> and tech as well. >> i do think especially for certain slices of industrials, which have really run and which are seen to be these now longer term secular growth stories, the bar is higher. what i did find interesting, it says analysts always trim their estimates over the course of a quarter. they've done so again. it's now under 4% expected, 3.5, whatever sit is. they cut estimates less than is usual over the course of the three months. >> interesting. >> that suggests that company guidance, it's all getting filtered in. it seems like we really are about to hopefully
back to mike santoli. we haven't talked about earnings yet, and we're obviously kicking off with the banks. this season is going to be interesting given the number of sectors that have done really well to start the year. it's not just saying, hey, the bar is really high for tech. no, i mean, maybe the bar is really high for financials up 11% on the year. maybe it's really high for industrials up 10% on the year, and energy up 16. >> yeah. >> and tech as well. >> i do think...
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Apr 24, 2024
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mike santoli, we are loitering now, just waiting around. we need to have some activity here. >> we know some of the most important cells in the market spreadsheet will be filled in and even more after today. meta, before its last earnings report, was a $400 stock. races to 510, has pulled back 7% from there, so is hard to say that the bar is low, but it represents 2% or so of s&p earnings, much more than that of the growth. so, yes, it does matter. i do not think that is all that matters, but i think the market welcomes the opportunity to fixate on the earnings story. and ddp finished out, final estimate is 2.7% first quarter annual growth, real growth. 2.7% pce may be coming on friday, that is 5.5% nominal growth at an annual rate. seems like we should make our numbers on earnings. not just for that reason, but for others. i think we are comfortable there. they are on the radar, you can't get away from the fact that they are near the highs. i don't think it is a huge threat, but you are aware of what has happened. >> almost speaking to wha
mike santoli, we are loitering now, just waiting around. we need to have some activity here. >> we know some of the most important cells in the market spreadsheet will be filled in and even more after today. meta, before its last earnings report, was a $400 stock. races to 510, has pulled back 7% from there, so is hard to say that the bar is low, but it represents 2% or so of s&p earnings, much more than that of the growth. so, yes, it does matter. i do not think that is all that...
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Apr 5, 2024
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mike santoli here to break down the crucial moments of the trading day. pippa stevens on a big day in the oil and phil lebeau on tesla abandoning plans for a low cost model. >> you know, we're making it through, trying to shake it off. that's what the market has been up to as well. there's been more to think about this week. if you are really just relying on the fact this has been such an unflappable tape and nothing has managed to knock it off course. we do have bond yields making a move in response to good news on the economy. you do have oil holding the gains for the week. you had the first time the market did not hold, very, very short-term support. it's trying to regain it today. we're still hanging around this area around 5200 on the s&p. we first got to on fed day, march 20th. it's worth keeping in mind what we've been mostly doing for the past two or three weeks is pressing the upside. do we have the horses for that. can we basically justify we're going to ease into a great economy or do we have to more or less consider a little more ambiguous tim
mike santoli here to break down the crucial moments of the trading day. pippa stevens on a big day in the oil and phil lebeau on tesla abandoning plans for a low cost model. >> you know, we're making it through, trying to shake it off. that's what the market has been up to as well. there's been more to think about this week. if you are really just relying on the fact this has been such an unflappable tape and nothing has managed to knock it off course. we do have bond yields making a move...
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Apr 18, 2024
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i'm andrew ross sorkin hanging out with jon fortt and mike santoli here this morning. we are not doing multiple hands today? >> yeah. >> yeah. >> how is this allowed to happen a man-wich a gen x man-wich >> okay. u.s. futures at this hour. nasdaq looking to open higher 57 points higher. s&p up 7 points. let's show you treasury yields you are looking at the
i'm andrew ross sorkin hanging out with jon fortt and mike santoli here this morning. we are not doing multiple hands today? >> yeah. >> yeah. >> how is this allowed to happen a man-wich a gen x man-wich >> okay. u.s. futures at this hour. nasdaq looking to open higher 57 points higher. s&p up 7 points. let's show you treasury yields you are looking at the
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Apr 29, 2024
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mike santoli is here to break down the crucial moments of this trading day. plus tesla heading toward its best days in three years mike, turning to you first earnings are important first, not whether the fed chair will be hawkish it's moisture, how hawkish is the question >> will he hold out hope that inflation will moderate? will he focus on the lags indicators that they still think will be helpful to them along the way, and, yes, he was saying earlier how much does he really think you have to slow this down and really if he shows any toll rants at all, where the committee thought it would be around all of that does matter. it's like he got a -- stabilized off of that, market found its earnings in aggregate. that's not really the part of the story you're too worried about. so you see some sensitivity to the moving yields at the top of the hour it's so silly that the equity market is -- the bond market barely budged. this was nothing else to focus on but it actually takes a shot it also shows you the lingers trauma of last year. treasury supplies are running
mike santoli is here to break down the crucial moments of this trading day. plus tesla heading toward its best days in three years mike, turning to you first earnings are important first, not whether the fed chair will be hawkish it's moisture, how hawkish is the question >> will he hold out hope that inflation will moderate? will he focus on the lags indicators that they still think will be helpful to them along the way, and, yes, he was saying earlier how much does he really think you...
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Apr 11, 2024
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mike santoly right here onset. amazon ceo andy jassy will be joining us for a wide-ranging interview just about a half hour from now. in it, jassy says again raytive ai could be the biggest evolution in tech since the internet. meantime, jeff bezos and other business titans like the ceos of apple and jp morgan attending white house's dinner. and new inflation data coming out after yesterday's hotter-than-expected cpi release. >>> the futures are under pressure. actually at the lows of the morning. the s&p 500 indicated to be done just about 26 and a half a percent. the dow indicated down 188. all the indexes down about 1%, a little more than that on the dow yesterday. and we have bond yields also making new highs. and then you see the two-year note yield, 298. let's get to don chu with a look at some movers this morning. >> mike, we'll start things off with a check on the takeover thursday story of the day so far. that's in health care and pharma. it is alpine immune sciences surging by roughly 36%, 37%. over half
mike santoly right here onset. amazon ceo andy jassy will be joining us for a wide-ranging interview just about a half hour from now. in it, jassy says again raytive ai could be the biggest evolution in tech since the internet. meantime, jeff bezos and other business titans like the ceos of apple and jp morgan attending white house's dinner. and new inflation data coming out after yesterday's hotter-than-expected cpi release. >>> the futures are under pressure. actually at the lows of...
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Apr 11, 2024
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i'm becky quick along with mike santoli. andrew is live from seattle. andrew, what do you have coming up today? this is big. >> good morning, becky. we have a big show right here. we are live at amazon's headquarters in seattle for a big interview this morning. couldn't be better timed given the conversations about the consumer and inflation. we will speak this morning with the ceo of amazon andy jassy about just about everything. we will talk about the state of the consumer and a.i
i'm becky quick along with mike santoli. andrew is live from seattle. andrew, what do you have coming up today? this is big. >> good morning, becky. we have a big show right here. we are live at amazon's headquarters in seattle for a big interview this morning. couldn't be better timed given the conversations about the consumer and inflation. we will speak this morning with the ceo of amazon andy jassy about just about everything. we will talk about the state of the consumer and a.i
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Apr 15, 2024
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mike santoli, leslie, thank you for hanging out. what a big show. lot going on. >>> make sure you join us tomorrow. "squawk on the street" begins right now. ♪ >>> good monday morning, welcome to "squawk on the street," i'm carl quintanilla with david faber, sara eisen, at post nine of the new york stock exchange. cramer has the morning off. futures solid as global markets look for de-escalation in the middle east, but we're close to session highs in the morning as march retail sales crush estimates. strongest control group in over a year. road map begins with these geopolitical risks for stocks, futures rallying on the hopes that conflict will not escalate further. >>> plus, tesla cuts, se
mike santoli, leslie, thank you for hanging out. what a big show. lot going on. >>> make sure you join us tomorrow. "squawk on the street" begins right now. ♪ >>> good monday morning, welcome to "squawk on the street," i'm carl quintanilla with david faber, sara eisen, at post nine of the new york stock exchange. cramer has the morning off. futures solid as global markets look for de-escalation in the middle east, but we're close to session highs in the...
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Apr 19, 2024
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mike santoli after the break we'll talk about the cracks in the armor when it comes to big tech. we mentioned tesla, apple, microsoft, nvidia down on the nth as well. we'll talk with wedbush's dan ivess in a moment. >>> welcome back to "squawk on the street." tough week for tesla as you know on pace to end the week down more than 10% if shares end the day lower. that will the stocks longer daily losing streak since january. we know that tuesday is going to be a big day you say the clock has struck midnight and the line that struck out to me, trading in the model 2 for robo would be a tragic gamble in your opinion. >> i think it would be a gamble that could maybe even define the future of tesla in the next three to five years. i think right now the big nervousness is model 2, that's a key part of the group, that's 50 to 60% of the incremental growth of the next two or three years robotaxis, autonomous, not another five or six years. we've seen over the last decade and been through white knuckle moments for musk and tesla, this is up there. a cinderella story in the near term has t
mike santoli after the break we'll talk about the cracks in the armor when it comes to big tech. we mentioned tesla, apple, microsoft, nvidia down on the nth as well. we'll talk with wedbush's dan ivess in a moment. >>> welcome back to "squawk on the street." tough week for tesla as you know on pace to end the week down more than 10% if shares end the day lower. that will the stocks longer daily losing streak since january. we know that tuesday is going to be a big day you...
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Apr 10, 2024
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let let a bring in mike santoli for a take on where we stand. s&p down 1%. >> it's cpi day, sara, that's all you need to know. it is also wednesday. >> that's why i came in. >> i figured that. down 1%. what's interesting is where the market immediately went to, s&p 500, 5150 thursday's low. spent most of the last month twine 5150 and 5250. so the point is the market was sort of testing its tolerance for that level. see if it holds see if we can still rotate what did the market immediately go to this morning when it needed a little rescuing, it went to nvidia and meta and lilly. basically the themes that are not sensitive to cpi and yields at least in an immediate term. so we'll see if that keeps working. the market is having its patience tested as well, in terms of having inflation fall into line. i keep saying this, back late last year, the decline in inflation and the fed pivot immediately made good economic news, good market news. it meant all they cared about was getting inflation in line they didn't think they needed to slow the economy muc
let let a bring in mike santoli for a take on where we stand. s&p down 1%. >> it's cpi day, sara, that's all you need to know. it is also wednesday. >> that's why i came in. >> i figured that. down 1%. what's interesting is where the market immediately went to, s&p 500, 5150 thursday's low. spent most of the last month twine 5150 and 5250. so the point is the market was sort of testing its tolerance for that level. see if it holds see if we can still rotate what did...
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Apr 12, 2024
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our senior markets commentator mike santoli with his "midday word." i'm sure there's a lot on your mind. >> it's at least relevant in the short term, the lows of the day have been the same spot. it goes back to last thursday as low as well. the market was trying to make a bid to contains things. it seems looser than that right now. it's tough to really tease out what we should extrapolate. you have the risk-off tone. the fed, i do think investors will welcome, if we can get the luxury of turning attention more to corporate earnings next week. >> do you think a lot is not wanting to be long into the weekend where you have geopolitical headlines testing nerves? >> there's an element to that for sure. i think, though, the fact the market is unable to ignore those or look through them right now and you're bidding for protection, it also feeds into what has been the existing dynamic which is gold rocketing higher for, pick your reason, but it's not reasons people are comfortable with the broader economy and policy setup and then the reflation trade in gene
our senior markets commentator mike santoli with his "midday word." i'm sure there's a lot on your mind. >> it's at least relevant in the short term, the lows of the day have been the same spot. it goes back to last thursday as low as well. the market was trying to make a bid to contains things. it seems looser than that right now. it's tough to really tease out what we should extrapolate. you have the risk-off tone. the fed, i do think investors will welcome, if we can get the...
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Apr 19, 2024
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i'm mike santoli in for scott wapner this make-or-break hour begins with tech on the ropes while the rest of the market works to get up off the mat a day of violent rotation to finish out a pretty punishing week at the s&p 500 struggles to avoid a rare six-day losing streak here's your scorecard with 60 minutes to go in regulation. mentioned the s&p 500 is down, has been down as much as about 1% now down 0.6%. below that 5,000 mark. the dow hanging in there the equal-weighted s&p is up on the day, so you do see a lot o
i'm mike santoli in for scott wapner this make-or-break hour begins with tech on the ropes while the rest of the market works to get up off the mat a day of violent rotation to finish out a pretty punishing week at the s&p 500 struggles to avoid a rare six-day losing streak here's your scorecard with 60 minutes to go in regulation. mentioned the s&p 500 is down, has been down as much as about 1% now down 0.6%. below that 5,000 mark. the dow hanging in there the equal-weighted s&p is...
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Apr 17, 2024
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senior markets commentator mike santoli with his "midday word." i won't ask you about tesla. we'll move past that. what's on your mind, though, today as we have more earnings coming in, we're still trying to figure out what this higher for longer means. >> the market hasn't figured that out for sure trying to find where the equilibrium with a slower fed. i think the market would make its peace and it would be fine. the way you see consumer cyclicals, the home builders, the transports, it's not without risk. i think that's the bigger strategic part of it. the other is the life cycle of the pullback which is right now the dip buyers are patient and the sellers are motivated. and that's because you broke loose of that very, very tight uptrend and it seems you have to test and test and test and prices have to travel further to find conviction. the s&p 500 is right in the gap from the nvidia earnings. >> we're barely hanging on to 5,000 here. what's the significance of the number and what are the numbers on your mind? >> people have made a fuss about that's where the hedging by ma
senior markets commentator mike santoli with his "midday word." i won't ask you about tesla. we'll move past that. what's on your mind, though, today as we have more earnings coming in, we're still trying to figure out what this higher for longer means. >> the market hasn't figured that out for sure trying to find where the equilibrium with a slower fed. i think the market would make its peace and it would be fine. the way you see consumer cyclicals, the home builders, the...
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Apr 1, 2024
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with more, our markets commentator mike santoli as we get this quarter started. >> hey, carl. if you go through all the superlatives about how the market did behave in the first quarter it builds, one of the more persuasive bullish cases based on the behavior itself. up 10% for the quarter, up five straight months, no 2% pullbacks. just how broad the rally and rotational that we got, all that stuff tends to mean it's not an ultimate peak. higher prices in the months out is the historical pattern. the issue it's unlikely to be as uniformly strong without any air pockets along the way based on the probabilities. every time you had a 10% up first quarter, the smallest pullback in the remainder of the year going back like 80 years is 4%. you do get some normal refresh. the other piece the market has been able to feed off this benign macro fundamental earnings path and that's to the good. it's happening for the right reasons. but you have to be aware of anything that deviates from that. we have 10-year yield at 4.3 again and we'll hesitate in the market. we made a new high four of
with more, our markets commentator mike santoli as we get this quarter started. >> hey, carl. if you go through all the superlatives about how the market did behave in the first quarter it builds, one of the more persuasive bullish cases based on the behavior itself. up 10% for the quarter, up five straight months, no 2% pullbacks. just how broad the rally and rotational that we got, all that stuff tends to mean it's not an ultimate peak. higher prices in the months out is the historical...
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Apr 15, 2024
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mike santoli here to break down the trading day and julia boorstin on salesforce heading for its worst day in 16 months and phil lebeau and the selloff in tesla. mike, what's on your mind as you see stocks worsen? >> they did worsen as treasury yields lifted. basically you have the bond market searching for the pain point of not just stock investors, but the economy to a degree. yes, i agree with the conversation tlaerl we're seeing yields go up for positive reasons on balance, which is the economy is holding up better and seeing hot retail sales number and the manufacturing stuff inflect higher. all that is good, but it can be self-undermining and the consumer stocks are not celebrating a strong retail sales number. i think that's the main dynamic, especially over the last ten days. you know, the tlt long-term treasury yield marching the stock market down in the context of a market primed for some excuse for a 3 to 5% drop. 3.5% off the highs, persistently over bought in an up trend to cracked the momentum, broke the short-term uptrend and after today probably oversold. the vix went u
mike santoli here to break down the trading day and julia boorstin on salesforce heading for its worst day in 16 months and phil lebeau and the selloff in tesla. mike, what's on your mind as you see stocks worsen? >> they did worsen as treasury yields lifted. basically you have the bond market searching for the pain point of not just stock investors, but the economy to a degree. yes, i agree with the conversation tlaerl we're seeing yields go up for positive reasons on balance, which is...
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Apr 12, 2024
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let's begin though with mike santoli at the new york stock exc exc exchange. >> it intensified for a bit. we did get a little bit of a bounce, and whether it's just technical or a little bit cute, the s&p 500 bounced off it
let's begin though with mike santoli at the new york stock exc exc exchange. >> it intensified for a bit. we did get a little bit of a bounce, and whether it's just technical or a little bit cute, the s&p 500 bounced off it
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Apr 19, 2024
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i'm mike santoli in for scott wapner this make-or-break hour begins with tech on the ropes while the rest of the market works to get up off the mat a day of violent rotation to finish out a pretty punishing week at the s&p 500 struggles to avoid a rare six-day losing streak here's your scorecard with 60 minutes to go in regulation. mentioned the s&p 500 is down, has been down as much as about 1% now down 0.6%. below that 5,000 mark. the dow hanging in there the equal-weighted s&p is up on the day, so you do see a lot of tech down, and everything else managing to try to take up the slack. take a look at the nasdaq as well, kind of the center of all the selling pressure, down 2.2%. nasdaq composite, back down below its old november 2021 highs again, so breaking down a little bit technically, and then we'll take a look at treasurys here big bid in treasurys overnight on those israel-iran headlines that mostly unwound. around 4.6% on the ten-year yield. really flattish on a week to date basis, a little bit off those multi-month highs. semiconductors, really the drag on the nasdaq today.
i'm mike santoli in for scott wapner this make-or-break hour begins with tech on the ropes while the rest of the market works to get up off the mat a day of violent rotation to finish out a pretty punishing week at the s&p 500 struggles to avoid a rare six-day losing streak here's your scorecard with 60 minutes to go in regulation. mentioned the s&p 500 is down, has been down as much as about 1% now down 0.6%. below that 5,000 mark. the dow hanging in there the equal-weighted s&p is...
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Apr 18, 2024
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i'm andrew ross sorkin hanging out with jon fortt and mike santoli here this morning. we are not doing multiple hands today? >> yeah. >> yeah. >> how is this allowed to happen a man-wich a gen x man-wich >> okay. u.s. futures at this hour. nasdaq looking to open higher 57 points higher. s&p up 7 points. let's show you treasury yields you are looking at the ten-year note at 4.57%. take a look at bitcoin we have been talking about it. it is at $61,645 it has not moved after the down swing. >> somewhat steady this week pulling back from the highs. >>> let's talk about oil biden administration will not renew the license to ease venezuelan sanctions the treasury department issued a rehe he replacement license tody u.s. says president maduro failed to compromise with the sanctions last year. we will discuss this on the energy market and crude prices backing off again. they started the decline down 1% this is actually a tricky situation that the u.s. is trying to navigate not just with venezuela, but you want to impose your policy pressure on the regime, but not restrict the
i'm andrew ross sorkin hanging out with jon fortt and mike santoli here this morning. we are not doing multiple hands today? >> yeah. >> yeah. >> how is this allowed to happen a man-wich a gen x man-wich >> okay. u.s. futures at this hour. nasdaq looking to open higher 57 points higher. s&p up 7 points. let's show you treasury yields you are looking at the ten-year note at 4.57%. take a look at bitcoin we have been talking about it. it is at $61,645 it has not moved...
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Apr 1, 2024
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cnbc senior markets commentator mike santoli here to break down crucial moments. plus, kristina partsinevelos with a big call on micron and the chip name shaking off this market weakness. and courtney reagan looking ahead to pvh and those results coming out in overtime. the first day of the second trading quarter, assess it for us. >> just a little bit of recoil from some of the action that closed the first quarter, and specifically, there was a bit of this move, rebalancing out of stocks into bonds, we've gotten that reversed today. but we've been greeted by further evidence of a more resilient economy. we're still growing. 5%-plus nominal gdp. earnings, revised lower in the first quarter at a slower than normal pace. it's really hard to, if you go looking for faults or things though worry about, all i really come up with is, it's been too good for too long. and markets don't go in one direction indefinitely like this, and you have to be careful that the macrodata and treasury yields don't kind of go out of the guardrails of this zone that's been very comfortable
cnbc senior markets commentator mike santoli here to break down crucial moments. plus, kristina partsinevelos with a big call on micron and the chip name shaking off this market weakness. and courtney reagan looking ahead to pvh and those results coming out in overtime. the first day of the second trading quarter, assess it for us. >> just a little bit of recoil from some of the action that closed the first quarter, and specifically, there was a bit of this move, rebalancing out of stocks...
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Apr 30, 2024
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mike santoli and i will be there along with 40,000 others. they'll be joined by berkshire board members, managers, shareholder, and a few surprise guests. you will have full access to the main event, buffett on stage. of course, on stage with him, berkshire vice chair's greg able. you can tune in saturday at 9:309 eastern on cnbc and 'lbeig bk..c. wel rhtac >>> bob backish is out at head of paramount global. the company replacing the ceo with a trio of division chiefs. this news comes as paramount is in talks with sky dance media about a possible merger. joining us is matt belloni. okay, matt, what happens? play it out for us. >> very big development. this was a surprise development over the weekend. bob backish was dismissed. he stepped down. and there's a couple of scenariscenario s here. one, this is just clearing an internal impediment to the sky dance merger, which shari redstone, the controlling shareholder, really does want to make happen. if it doesn't happen, there is a separate potential offer on the table from apollo, which backish
mike santoli and i will be there along with 40,000 others. they'll be joined by berkshire board members, managers, shareholder, and a few surprise guests. you will have full access to the main event, buffett on stage. of course, on stage with him, berkshire vice chair's greg able. you can tune in saturday at 9:309 eastern on cnbc and 'lbeig bk..c. wel rhtac >>> bob backish is out at head of paramount global. the company replacing the ceo with a trio of division chiefs. this news comes...
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senior markets commentator mike santoli at the new york stock exchange this morning. what do you got? >> andrew, actually over at headquarters. the picture is the same. it is quiet strength in the pre-market futures and s&p 500. the mode all year. look at the six-month chart of the s&p. just an incredibly sort of tight up trend. haven't had a 2% decline. any way you slice the way the market performed whether up 10%, in the first quarter of the year. whether it is up five straight months, whether 80% of all s&p 500 stocks finished march at a one-month high. all of that stuff translates into, yep. over the next 6 to 12 months, maybe shorter, intend to see higher prices. doesn't peak but sets up in theory for more chop with a 10% first quarter. smallest decline the rest of that year was 4%. that was back in the 1960s. expect normal pullbacks but still is seems like this is a strong and broadening market. look how the s&p 500 did relative to tech sector. for a change tech underperformed by a little bit and, in fact, all that underperformance really apple down 10% in the f
senior markets commentator mike santoli at the new york stock exchange this morning. what do you got? >> andrew, actually over at headquarters. the picture is the same. it is quiet strength in the pre-market futures and s&p 500. the mode all year. look at the six-month chart of the s&p. just an incredibly sort of tight up trend. haven't had a 2% decline. any way you slice the way the market performed whether up 10%, in the first quarter of the year. whether it is up five straight...
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Apr 9, 2024
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all that means it's time to talk to senior markets commentator mike santoli who joins us on set. that's a setup there. hard to -- give me a sense in terms of direction of what we're seeing here. somewhat directionless. >> apprehensive market. tired. it's been a whole 12 days since we had a new record closing high on the s&p 500, which, you know, is, obviously, not a very long period of time, except for the three months before that we were averaging two a week. you were plugging higher, not had any pullbacks. last thursday this 2% wobble. we haven't been able to hold early rallies. there's been a more of a rethink of how much we have the underpinnings of this market headed clearly higher. the leadership, you know, it's flagged. the old leadership. and it's been mostly fine because you have things like industrials and energy taking up some of that slack. i think there's tremendous confidence right now in the strength of the economy, the comeback in global manufacturing, and trade, and, therefore, the question is, is cpi going to let us treat good economic news as good market news?
all that means it's time to talk to senior markets commentator mike santoli who joins us on set. that's a setup there. hard to -- give me a sense in terms of direction of what we're seeing here. somewhat directionless. >> apprehensive market. tired. it's been a whole 12 days since we had a new record closing high on the s&p 500, which, you know, is, obviously, not a very long period of time, except for the three months before that we were averaging two a week. you were plugging...
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Apr 15, 2024
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mike santoli, leslie, thank you for hanging out. what a big show. lot going on. >>> make sure you join us tomorrow. "squawk on the street" begins right now. ♪ >>> good monday morning, welcome to "squawk on the street," i'm carl quintanilla with david faber, sara eisen, at post nine of the new york stock exchange. cramer has the morning off. futures solid as global markets look for de-escalation in the middle east, but we're close to session highs in the morning as march retail sales crush estimates. strongest control group in over a year. road map begins with these geopolitical risks for stocks, futures rallying on the hopes that conflict will not escalate further. >>> plus, tesla cuts, set to lay off more than 10% of its staff globally, ceo elon musk saying the company is looking for cost reductions and to increase productivity. >>> financials in focus again. goldman-sachs topping first-quarter estimates fueled by trading and investment banking. >>> we begin by kicking off a new week for the markets, geopolitics on the front bunner. we're watchin
mike santoli, leslie, thank you for hanging out. what a big show. lot going on. >>> make sure you join us tomorrow. "squawk on the street" begins right now. ♪ >>> good monday morning, welcome to "squawk on the street," i'm carl quintanilla with david faber, sara eisen, at post nine of the new york stock exchange. cramer has the morning off. futures solid as global markets look for de-escalation in the middle east, but we're close to session highs in the...
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Apr 16, 2024
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i'm carl quintanilla with david faber and mike santoli. cramer has the morning off. futures once again on the hunt after a 3% drop for the s&p, worse than in more than a year. dow will benefit from unh. our roadmap begins with market volatility. six negative sessions in a row. nasdaq coming off its worst day in a couple months. >> we've got united health, bank of america, morgan stanley, johnson & johnson also beating on the bottom line, although different reactions in the markets. sara eisen sits down to ecb president, christine lagarde discussing inflation, interest rates and where the central bank is diverging from the fed when it comes to rate policy. >>> stocks look to rebound again, similar picture in terms of the premarket yesterday. we know how beholding the market is to some of these headlines. >> for sure. the yields are basically still pushing higher at a pretty moderate pace, but in service of the pain threshold for stocks and the economy, this has been a similar backdrop to what we had late last year except with the economy in more secure footing it seem
i'm carl quintanilla with david faber and mike santoli. cramer has the morning off. futures once again on the hunt after a 3% drop for the s&p, worse than in more than a year. dow will benefit from unh. our roadmap begins with market volatility. six negative sessions in a row. nasdaq coming off its worst day in a couple months. >> we've got united health, bank of america, morgan stanley, johnson & johnson also beating on the bottom line, although different reactions in the...
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our senior markets commentator mike santoli is here with a closer look at this selloff and the odds it worsens. >> yeah. a lot of worsts there three weeks after we couldn't say enough about how persistently strong the rally was. there's a little bit of a recoil effect we're tracking. i think the first one is the short term setup. all of those kind of -- the measures of the straight line declines we had last week got the market pretty oversold. you have all these sort of technical conditions building up that say okay we have the makings for a really strong snapback fast. i don't think today is what you're looking for which is this kind of indifferent little lift by half a percent. the first test to me is, do we get another intraday selloff. every day last week we traded positive for part of the day and finished lower. that shows you there was a sort of mechanical thing into options expiration. the other thing is where are we in time based on the levels of the s&p. february 21st where we closed last week, the day of the -- after the close nvidia blowout earnings report. what's changed si
our senior markets commentator mike santoli is here with a closer look at this selloff and the odds it worsens. >> yeah. a lot of worsts there three weeks after we couldn't say enough about how persistently strong the rally was. there's a little bit of a recoil effect we're tracking. i think the first one is the short term setup. all of those kind of -- the measures of the straight line declines we had last week got the market pretty oversold. you have all these sort of technical...
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Apr 3, 2024
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. >>> for more on the markets over to our senior markets commentator mike santoli. mike, joe made the point again that we're less than 2% from the highs, 1.5% from highs. yet things are starting to feel -- i don't know. anxious vibes off. why is that? >> becky, one thing absolutely true. joe says. not even a 2% key line but a wobbling start second quarter. everyone acknowledgement says an overbought market. almost never go more, much more than five months without having a proper pullback and, yeah. we notice what's happening with bond yields. a lot of this rally owing to upturn in earnings. economy bet than expected. longer-term bond yields also and benign and likely the fed looking for a chance to cut rates if it cooperates. all in play still. the uptrend very solid. 20-day moving average, relative. approximately that line and essentially not challengeded. down 1.2% from highs. one of the reasons is all different parts of the market moving independently so the market can rotate and stay supportive. cbo implied correlation index is basically a measure how the market
. >>> for more on the markets over to our senior markets commentator mike santoli. mike, joe made the point again that we're less than 2% from the highs, 1.5% from highs. yet things are starting to feel -- i don't know. anxious vibes off. why is that? >> becky, one thing absolutely true. joe says. not even a 2% key line but a wobbling start second quarter. everyone acknowledgement says an overbought market. almost never go more, much more than five months without having a proper...
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Apr 5, 2024
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i'm carl quintanilla with mike santoli and leslie picker, live at post nine of the new york stock exchange. david faber has the morning off. sara is in china ahead of a huge interview monday with the treasury secretary who, of course, is meeting with economic regulators there today and this weekend. we'll get more on that later on this hour. markets trying to claw back some of yesterday's losses. dow up 120, about 20 points shy of 5200 on a day where the jobs number does crush expectations even as the unemployment rate falls and participation improves. >> good news is good news today. we'll see. we're 30 minutes into the trading session. here are three big movers we are watching. shares of lamb weston after announcing a software issue wil impact their results. the food processor saying a slower than expected transition to a resource planning tool has affected its ability to fulfill orders. shares down 2.6%. apple laying off more than 600 employees according to a filing with state officials in california while the filing didn't specify projects where jobs were being cut, the move comes week
i'm carl quintanilla with mike santoli and leslie picker, live at post nine of the new york stock exchange. david faber has the morning off. sara is in china ahead of a huge interview monday with the treasury secretary who, of course, is meeting with economic regulators there today and this weekend. we'll get more on that later on this hour. markets trying to claw back some of yesterday's losses. dow up 120, about 20 points shy of 5200 on a day where the jobs number does crush expectations even...
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Apr 29, 2024
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our senior markets commentator mike santoli is back to help us get ready. there's a lot. what is important to focus on. >> there is. i would characterize this as an ongoing test based on all the things that sara says the market is contending with last week passed the first part of the test, market had three straight down weeks, oversold, should bounce, and we did bounce as we get through the mega cap earnings season there's a familiar earnings pattern where earnings season starts off everyone is beating by a lot and we expected it market is not rewarding it mega cap earnings, at least if not else, substantiates where aggregate s&p estimates are and where they are $250 a share on a forward 12-month basis easy math in your head 5,000 s&p is 20 times forward earnings we're a little bit above that, and i think one of the reasons you continue to grant a premium even when it comes to a meta and a dispointed street on guidance, because these companies convey that everything is in their control. if they miss, if they're light on guidance because they've decided to invest heavily
our senior markets commentator mike santoli is back to help us get ready. there's a lot. what is important to focus on. >> there is. i would characterize this as an ongoing test based on all the things that sara says the market is contending with last week passed the first part of the test, market had three straight down weeks, oversold, should bounce, and we did bounce as we get through the mega cap earnings season there's a familiar earnings pattern where earnings season starts off...
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Apr 12, 2024
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i'm david faber with sara eisen and mike santoli. we are live from post nine at the new york stock exchange. carl and jim have the morning off. let's give you a look the a futures. you just heard becky say we have taken a bit of a turn lower, at least, it would appear when we open, we're going to be down rather substantially on some of the broader averages. >>> let's get to our road map. it starts with the banks, jpmorgan, citi, wells fargo, they all reported earnings. all appear to have been fairly strong. we're going to break down the quarters. >>> plus blackrock now managing nearly $10.5 trillion in assets. we're joined exclusively by chairman and ceo larry fink. that will be later this hour. >>> we're also watching the semis this morning. qualcomm, intel, amd and nvidia all moving lower ahead of the open. china reportedly telling its telecom carriers to phase out foreign chips. >>> i want to start with the banks and the downturn in the market as well. earnings season kicks off with the likes of jpmorgan and wells fargo and citi,
i'm david faber with sara eisen and mike santoli. we are live from post nine at the new york stock exchange. carl and jim have the morning off. let's give you a look the a futures. you just heard becky say we have taken a bit of a turn lower, at least, it would appear when we open, we're going to be down rather substantially on some of the broader averages. >>> let's get to our road map. it starts with the banks, jpmorgan, citi, wells fargo, they all reported earnings. all appear to...
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Apr 4, 2024
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i'm carl quintanilla with mike santoli. david will come back in just a moment as he wraps up with iger. . in the meantime 1% gains at the opening bell. all sectors green. 10-year back to 4.32. the real news is all we got from bob iger. mike, talk about the activism, peltz, succession, profitability, even some concerns the cultural friction disney has been under. >> yeah. you know, you would sum up the message i think we got out of iger he said it a couple times, we know what we need to do. in other words, the strategy that was in place that has been under way is the one they're going to pursue maybe with more urgency than before. some of the things that the company knows it needs to do, sound like they're simple. the cost cutting, getting the cost footprint of streaming down, streaming profitability is one thing, increasing engagement with streaming customers direct to consumer kind of get that stickier easier said than done but you have to do it. it's worth remembering that they're talking about getting free cash flow basi
i'm carl quintanilla with mike santoli. david will come back in just a moment as he wraps up with iger. . in the meantime 1% gains at the opening bell. all sectors green. 10-year back to 4.32. the real news is all we got from bob iger. mike, talk about the activism, peltz, succession, profitability, even some concerns the cultural friction disney has been under. >> yeah. you know, you would sum up the message i think we got out of iger he said it a couple times, we know what we need to...