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Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Eli Lilly shares declined 1.7% Wednesday after peer Novo Nordisk posted disappointing earnings results before the bell. Investors are weighing if the same fate is in store for Club holding Eli Lilly and its GLP-1 drugs Zepbound and Mounjaro. Still, Jim said Eli Lilly shares could fall further after the drugmaker releases its own quarterly results on Thursday. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Persons: Jim Cramer, Dow, Eli Lilly, , Jim, That's, Jim Cramer's Organizations: CNBC, Dow Jones Industrial, Nasdaq, Novo Nordisk, Club, Novo Nordisk's, CVS, Management
Stock futures pointed to a mild market bounceback following a significant sell-off Monday that left major indexes with their worst day in nearly two years. ET Tuesday, Dow Jones Industrial Average futures, S&P 500 futures, and and Nasdaq futures were each up about 0.4%. The recovery comes as Japan's Nikkei stock index, which saw its worst day in a generation Monday, rallied for its best day since 2008, surging 10.2%Still, Tuesday's gains are unlikely to make up for the losses stocks suffered Monday. Torsten Slok, chief economist at Apollo Global Management, said in a note Tuesday that the economy remains in decent shape. "If the economy were crashing, default rates would be spiking higher, and that is not what the data shows.” he wrote.
Persons: Dow, Goldman Sachs, Torsten Slok, Organizations: Dow Jones Industrial, Nasdaq, Nikkei, Federal, Citibank, Federal Reserve, Citi, Fed, Apollo Global Management Locations: U.S
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. The S & P 500 and Nasdaq added more than 1%, while the Dow Jones Industrial Average also was solidly in the green. Jim said Stifel's endorsement of GE Healthcare was important "because GE Healthcare actually had a good quarter .... but the market is ignoring it entirely." THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Jim Cramer's, Jim, Morgan Stanley Organizations: CNBC, Nasdaq, Dow Jones, Justice Department, Apple, Amazon, GE Healthcare
He increased his price target by $25 to $575, which suggests shares can jump about 20.9% over the next year. Rollins upgraded the stock to neutral from sell and upped his price target from $1.25 to $3.15 per share, which implies roughly 21.6% potential upside. Analyst Rick Wise initiated coverage of GE Healthcare with a buy rating and $100 price target, which suggests 22.7% upside. Analyst Rob Owens upgraded the global cybersecurity company to overweight from neutral and lowered his price target by $20 to $290, which implies 30.6% upside. Its price target of 1,200 Taiwanese dollars implies upside of 36.4%.
Persons: Morgan Stanley, Piper Sandler, Rob Sanderson, Sanderson, — Pia Singh, Michael Rollins, Rollins, Lumen, Rick Wise, Wise, CrowdStrike, Rob Owens, Owens, pare, Price, Charlie Chan, Chan, Fred Imbert Organizations: CNBC, Taiwan Semiconductor, Meta, Citi, Lumen Technologies, GE Healthcare, Delta Air Lines, Microsoft Locations: U.S
Prime Minister Sheikh Hasina addresses the media at a vandalized metro station in Mirpur, after the anti-quota protests. Bangladesh Prime Minister Sheikh Hasina resigned and fled the country on Monday after hundreds of people were killed in a crackdown on demonstrations that began as protests against job quotas and swelled into a movement demanding her ouster. Hasina was "so disappointed that after all her hard work, for a minority to rise up against her," Joy said. Earlier, army chief General Waker-Uz-Zaman announced Hasina's resignation in a televised address to the nation and said an interim government would be formed. "The country is going through a revolutionary period," said Zaman, 58, who had taken over as army chief only on June 23.
Persons: Sheikh Hasina, Hasina's, Sheikh Mujibur Rahman, Hasina, Sajeeb Wazed Joy, Joy, General Waker, Zaman, Mohammed Shahabuddin Organizations: Bangladesh, BBC, Service, Awami League Locations: Mirpur, Dhaka
Keep reading to learn where to watch Olympic boxing, no matter where you are in the world. In the past decade, Cuba and Great Britain have pretty much dominated the Olympic boxing field. Below, we've outlined everything you need to know about how to watch the men's and women's boxing semi-finals and finals. Where to watch Olympic boxing in the USBoxing live streams through Peacock in the US. Check price at Peacock TVWhere to watch Olympic boxing in the UKYou can catch boxing and the rest of the Olympics through Eurosport in the UK.
Persons: you've, didn't, Stan Sport, ExpressVPN, Omari Jones, Asadkhuja, Lewis Richardson, Marco Verde, Janjaem, Imane, Yang Wenlu, Kellie Harrington, Peacock, Stan, They're Organizations: Business, London Games, Tokyo, Britain, Eurosport, NBC, Stan Sport Locations: Cuba, Great Britain, Peacock, USA, Australia, 9Now
CNN —Hours before former House Speaker Nancy Pelosi formally launched the first impeachment investigation into former President Donald Trump in 2019, she received a call from the subject of the probe himself. During the September phone call, Pelosi said Trump claimed she would be impressed with his “lack of pressure,” that he “didn’t threaten anyone” and “there’s no reason” to impeach him. “I do not believe that the president (needs to directly) make a quid pro quo to intimidate a foreign leader,” Pelosi told Trump. “I didn’t do that,” Trump replied, to which Pelosi replied, “You withheld aid, and there is an inference drawn.”As Trump continued to claim that his call with Zelensky was “flawless,” Pelosi responded, “We’ll find out. “The call was perfect.”In her final reply to Trump before the end of the call, Pelosi said, “That call was perfectly clear.
Persons: Nancy Pelosi, Donald Trump, ” Trump, Pelosi, Trump, CNN’s Dana Bash, Bash, Biden, Steven Cheung, , Volodymyr Zelensky, didn’t, , ” Pelosi, Zelensky, “ We’ll, Don’t, “ I’ve, Paul, Alexandra, ” Alexandra, “ Paul Organizations: CNN, Power, CNN Trump, , Democratic, Ukrainian, House Intelligence, Trump, UN, Assembly, San Francisco Locations: Washington , DC, San
The yield on the 2-year Treasury note traded over 11 basis points higher at 3.992%. Yields and prices move in opposite directions, and one basis point is equivalent to 0.01%. The yield on the benchmark 10-year Treasury note traded more than 7 basis points higher at 3.855% at 7:08 a.m. It comes after the yield on the 10-year Treasury note on Monday fell to its lowest level since June 2023 . Brzeski said he expects the Fed to move forward with a 50 basis point interest rate cut next month in order to bolster market confidence.
Persons: Jerome Powell, Mary Daly, Austan, Carsten Brzeski, CNBC's, Brzeski Organizations: Global, Federal, U.S, ING Research, Fed Locations: U.S, San Francisco, Chicago
In the three hours after Walz became the VP nominee, Dems raised $6.6 million. Walz leaned on his progressive policies and background as a teacher in his first fundraising blast. Go to newsletter preferences Thanks for signing up! The news that Harris selected Walz dropped just after 9 am — Business Insider published an article at 9:22 a.m. Eastern Time — and fundraising immediately spiked. This story is available exclusively to Business Insider subscribers.
Persons: Walz, Dems, , Tim Walz, Kamala Harris, Harris Organizations: Service, Democratic, Politico, Business
There are six days of Olympic competition left and only four women’s soccer teams remain vying for gold. It’s also win or go home for the U.S. men’s basketball team, which went undefeated in pool play to emerge as the No. Trinity Rodman celebrates with Emily Fox after scoring the winning goal against Japan during the women’s quarterfinals of the Paris Games. Durant needs just four more points to become USA Basketball’s all-time leading scorer at the Olympics for both the men’s and women’s programs. The men’s long jump final, men’s 1,500-meter final, women’s 3,000-meter steeplechase and women’s 200-meter final close out a five-medal day in athletics.
Persons: It’s, Trinity Rodman, Emily Fox, Brad Smith, Rodman, Mallory Swanson, Sophia Smith —, Kevin Durant, Anthony Edwards, LeBron James, Durant, Lisa Leslie, Jayson Tatum, Steve Kerr, Holiday, Long, DeAnna Price, Annette Echikunwoke, Echikunwoke, Price, Poland’s Anita Wlodarczyk, Saint Lucia’s Julien Alfred —, Gabby Thomas, Wally Skalij, Sara Hughes, Kelly Cheng, Tanja Hüberli, Nina Brunner, Hughes, Cheng, Italy’s Valentina Gottardi, Marta Menegatti, Alexandra Klineman, Ross, Kerri Walsh Jennings, Jennings, Misty, Treanor, elly C heng!, E, mpics & Organizations: U.S, Japan, Paris Games, Getty, USA Network, Telemundo, United, Canada, Tokyo, Lyon, Germany, Trinity, USA, Bercy Arena, Team USA, NBA, Puerto Rico, Olympics, thwarts, Brazil, NBC, Stade de France, Olympic, Rio Games, Don’t, Eiffel, Los Angeles Times, Swiss, ris Locations: United States, Germany, Paris, U.S . Japan, Japan, Lille, Serbia, South Sudan, Puerto Rico, Brazil, France, USA, thwarts Puerto Rico, U.S, Tokyo, Canada, Rio
Jackson, 37, is a technician at Vestas, a wind turbine manufacturer, in Bee County, Texas, and earns $73,000 per year. The Labor Department reports that wind turbine service technicians have one of the highest rates of injury and illness of all occupations. Here's how Jackson earns $73,000 a year as a wind turbine service technician in Texas. Mickey Todiwala | CNBC Make ItWhile you don't need a bachelor's degree to become a wind turbine service technician, some jobs might require you to complete a 2-year technical program or apprenticeship. "The wind turbines are smart, they're basically computers and constantly communicating to us what is going on with them."
Persons: Jessica Jackson, , Jackson, It's, Jackson's, Mickey Todiwala, Vestas, She's Organizations: CNBC, The Labor Department, University of Arizona, Blattner Energy, Blattner Locations: Jackson, Bee County , Texas, U.S, Texas, Vestas
With little data on the horizon, investors will look to Thursday's jobless claims for more clue about the economy. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementUS stocks rallied on Tuesday as shaken investors looked to claw back some of the losses incurred in a historic three-day rout. Jobless claims on Thursday will be the next clue about the health of the labor market. If weekly claims come in well past the 245,000 estimated by economists, it could spark another decline for stocks.
Persons: , they're, Ed Yardeni Organizations: Dow, Service, Nasdaq, Bank of America
Police have released video stills that show three alleged suspects in the killing of "General Hospital" actor Johnny Wactor. Wactor, 37, was fatally shot in May after he interrupted a catalytic converter theft on his car in downtown Los Angeles. The suspects cannot be clearly seen, but police said the suspect who shot Wactor "has a tattoo above the left eye and on the right cheek." The Los Angeles Police Department is asking for the public's help with identifying the three suspects. Wactor, who hailed from Charleston, South Carolina, always wanted to be an actor, his mother previously told NBC News.
Persons: Johnny Wactor, Brando Corbin, Wactor, Anita Joy, Joy, Organizations: Infiniti, Los Angeles Police Department, NBC News, Lifetime’s, Locations: Los Angeles, Charleston , South Carolina
New York CNN —Bloomberg News took disciplinary action Monday against a “number” of its staffers after the outlet broke an embargo last week on news of the release of several American prisoners held by Russia, including Wall Street Journal reporter Evan Gershkovich. In a memo sent to the outlet’s staff on Monday and obtained by CNN, Bloomberg editor-in-chief John Micklethwait wrote that an initial story, published at 7:41 a.m. News organizations, including CNN, had agreed to hold on to news of the prisoners’ release so as not to endanger the process. Ahead of the prisoner swap, the White House had briefed reporters from multiple news organizations around 8 a.m. ET on the activity, with an embargo time on the news of later that day, according to a person familiar with the matter.
Persons: Evan Gershkovich, John Micklethwait, Gershkovich, , ” Micklethwait, , Emma Tucker, Paul Whelan, Alsu Kurmasheva, Vadim Krasikov Organizations: New, New York CNN, Bloomberg, Wall Street, CNN, News, White, RFE Locations: New York, Russia, US, Turkey’s Ankara, Belarus, Germany
Shares in the "Magnificent Seven" tech giants fell on Monday amid a global sell-off. AdvertisementShares in the so-called "Magnificent Seven" tech giants plummeted on Monday as fears of a US recession triggered global market disruption. In pre-market trade, the two tech giants had fallen by more than 15% and 18% respectively. The combined value of the "Magnificent Seven" is now below $15 trillion, down from a peak of $17 trillion in July. The tech sector's market volatility was set to continue on Monday, with the Nasdaq Composite down 4.28%.
Persons: , Tesla Organizations: Service, Nvidia, Apple, Microsoft, Meta, Tech, Nasdaq
Hong Kong/London CNN —Japanese shares soared Tuesday, clawing back some of their record losses from the previous day and underpinning a tentative recovery on global markets. Markets around the world plunged during Monday’s session when a combination of fears about a slowing US economy, rising Japanese interest rates and crumbling tech stocks combined to trigger a meltdown. The bounce in Japan is “typical after a market crash,” Neil Newman, head of strategy at Astris Advisory in Tokyo, told CNN. “It is too early to conclude that the Japanese stock market has hit a bottom,” they said, adding that any recovery would likely only occur after Japanese companies report first-half earnings in October, or even after the US presidential election in November. A stronger yenJapan’s stock market, in particular, was hard-hit by the rapid appreciation of the yen, which undermines the export competitiveness of the country’s manufacturers.
Persons: clawing, Kospi, ” Neil Newman, , , Stephen Innes, ” Newman, Newman, Fumio Kishida Organizations: London CNN, Nikkei, Nasdaq, Advisory, CNN, UBS Chief Investment, Moody’s, Bank of Japan, Management, Tokyo “, Traders, Reuters Locations: Hong Kong, London, Asia, South, Taiwan, Europe, Japan, Tokyo, South Korea
The Paris Olympics are entering their final week already, with the closing ceremonies just six days away. ET, 4:55 p.m. in Paris (women’s final); 11 a.m. ET, 10 p.m. in Paris (women’s final), 4:30 p.m. AdvertisementSurfing gold up for grabsAmerican Caroline Marks is one of four surfers looking to earn the women’s gold medal. 100M GOLD MEDALIST.
Persons: — Simone Biles, , Biles, Lee, Chiles, Simone Biles, Sunisa Lee, Jordan Chiles, Jade Carey, , , V:, ault, abby, homas,, aris, arn, risa H ennessy, ake Organizations: Paris, USA, Olympics, aris, edina, ust Locations: Paris, Los Angeles
But eight days before I headed to South Korea, a host texted me, asking, "Hey, are you still free?" He needed volunteers for his chestnut farm on the outskirts of Cheongyang, a village two hours from Seoul. AdvertisementI didn't know what to expect on the farmAfter finishing tasks on the farm, volunteers often take quick naps during their lunch breaks. Tim WinklerIt was a nice working atmosphere and there was no pressure to finish tasks by a certain time. AdvertisementThere was no set schedule on the farmWinkler said that no two days on the farm were the same.
Persons: , Tim Winkler, I'd, I've, Winkler, we'd Organizations: Service, University of Hamburg, Business Locations: Germany, Bangkok, Asia, South Korea, Japan, Seoul, Cheongyang, Spain, Scandinavia
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Warren Buffett's Berkshire Hathaway, Buffett, Jim, We're, Wells, Jim Cramer's Organizations: CNBC, Dow Jones Industrial, Big Tech, Apple Locations: Wells Fargo, Wells
Read previewGlobal markets are off to a terrible start to the week. Stock markets are crashing across Asia after Japan's interest-rate hike last week contributed to a selloff that got worse and worse. AdvertisementInvestors are also on edge before the US markets open later in the global day. Global carry trade unwindingThe Bank of Japan raised its interest rate from between 0% and 0.1% to 0.25% on Wednesday — the highest level in 15 years. Japan kept interest rates ultra-low for decades following the implosion of an asset bubble in the 1990s that contributed to persistent deflation.
Persons: , Kospi, India's Sensex, Tony Sycamore, Sycamore, Vishnu Varathan, Mizuho Bank's Organizations: Service, Stock, Business, IG Australia, Bloomberg, CSI, Dow Jones Industrial, Nasdaq, Federal Reserve, Bank of Japan, ING Locations: Asia, Japan
Bloomberg News’s editor in chief said on Monday that the publication had disciplined multiple journalists involved in breaking an embargo last week tied to the major prisoner swap, in what he said was “a clear violation of the editorial standards.”John Micklethwait, the newsroom’s top editor, said in an email to its staff that Bloomberg had disciplined the people after an investigation by the organization’s standards editor into how the embargo, which was set by the Biden administration, was broken. He said Bloomberg would “be reviewing our processes to ensure that failures like this don’t happen again.”The email did not specify what the disciplinary actions were or who they involved. Bloomberg published an article at 7:41 a.m. on Thursday detailing the complicated prisoner exchange that resulted in the release of Evan Gershkovich, a reporter for the The Wall Street Journal, and many others. Jennifer Jacobs, a senior White House reporter who had the first byline on the article, has left the company, according to two people with knowledge of the matter. An editor involved in the story was demoted, according to two other people.
Persons: John Micklethwait, Biden, , Evan Gershkovich, Jennifer Jacobs Organizations: Bloomberg, Street Journal, White House
Online stock trading platforms, including Fidelity Investments and Charles Schwab, said users had trouble logging into their accounts on Monday morning, preventing some investors from making trades amid a panic sell-off that reverberated around the world. Account holders at the popular trading platforms E-Trade and Robinhood also reported issues. Some Schwab clients had trouble logging onto its platforms because of an unspecified technical issue, the trading platform confirmed in a post on X. By noon, there were fewer than 500 complaints from Schwab users, Downdetector reported, based on its own data and user reports on social media. In response to complaints from customers on X, Fidelity posted around 11 a.m. that the issue had been resolved.
Persons: Charles Schwab, Schwab, Robinhood, Downdetector Organizations: Fidelity Investments, Fidelity, Vanguard, midmorning
It's now 18% from the February 52-week high. The stock is 17% from the April 52-week high. Dow Winners There are only four Dow stocks that are up in the last three days. Shares are 1.7% from the July 24 52-week high. The stock is 11% from the January 52-week high.
Persons: Russell, Crypto, Michael Saylor, MicroStrategy, Cleanspark, Joe Hinrichs, It's, Johnson, McDonald's Organizations: CNBC, Nasdaq, Dow Jones, Galaxy, CSX, Caterpillar, Dow, Procter, Gamble, Johnson
Treasury yields tumble as recession concerns take hold
  + stars: | 2024-08-05 | by ( Sophie Kiderlin | In | ) www.cnbc.com   time to read: +1 min
ET, the yield on the 10-year Treasury was down by over eight basis points to 3.7099%. The 2-year Treasury yield was last at 3.7315% after falling by around 14 basis points. U.S. Treasurys slid on Monday as fears about a recession grew after a series of key economic data was released last week. The data suggested an easing of the labor market, which prompted concerns about a recession. That came after the Fed earlier in the week left interest rates unchanged and hinted at a September rate cut.
Persons: Treasurys, July's nonfarm, Dow Jones Organizations: Treasury, Dow, Fed, PMI
Apple stock plunged as much as 11% on Monday on news that Berkshire Hathaway sold about 50% of its stake. Warren Buffett's conglomerate sold about 390 million Apple shares in the second quarter. The decline in Apple shares, which was double the Nasdaq 100's decline of about 5%, came after it was revealed over the weekend that Warren Buffett's Berkshire Hathaway sold about 50% of its Apple stake. According to its second-quarter earnings report, Berkshire Hathaway sold about 390 million Apple shares during the quarter, which is on top of the 115 million Apple shares it sold during the first quarter of the year. This is an opportunity, especially going into what I view as a really historic upgrade cycle for Apple," Ives said.
Persons: Berkshire Hathaway, Warren Buffett's, , Warren, Buffett, Cathy Seifert, Dan Ives, Ives, It's Organizations: Apple, Berkshire, Service, CFRA, CNBC Locations: Berkshire, Cupertino
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