Diamond Member Pelican Press 0 Posted August 16, 2024 Diamond Member Share Posted August 16, 2024 This is the hidden content, please Sign In or Sign Up CNBC Daily Open: Live long and prosper Traders work on the floor of the New York Stock Exchange during morning trading on May 31, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today Winning streakWall Street This is the hidden content, please Sign In or Sign Up as strong retail sales and labor data eased recession fears. The This is the hidden content, please Sign In or Sign Up and This is the hidden content, please Sign In or Sign Up notched their sixth consecutive day of gains, rising 1.61% and 2.34% respectively, while the This is the hidden content, please Sign In or Sign Up surged 554 points. All three indexes have recovered to their levels before the global This is the hidden content, please Sign In or Sign Up . Meanwhile, the yield on the 10-year This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up , while This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up 1.3% as recession fears eased. Consumer health This is the hidden content, please Sign In or Sign Up rose 6.5% after the discounter This is the hidden content, please Sign In or Sign Up and second-quarter results beat Wall Street estimates. While traders have been on the lookout for signs of economic weakness, CFO John David Rainey told CNBC Walmart has not seen a shift in consumer behavior. “We see, among our members and customers, that they remain choiceful, discerning, value-seeking, focusing on things like essentials rather than discretionary items, but importantly, we don’t see any additional fraying of consumer health.” Retail salesConsumer This is the hidden content, please Sign In or Sign Up in July, with retail sales jumping 1%, significantly higher than the 0.3% forecast. This positive momentum also extended to the labor market, with jobless claims falling to a four-month low, signaling a resilient economy amid easing inflation concerns. This is the hidden content, please Sign In or Sign Up for the week ending Aug. 10 totaled 227,000, a decrease of 7,000 from the previous week and lower than the estimate for 235,000. Renewed confidence This is the hidden content, please Sign In or Sign Up CEO Scott Kirby expressed This is the hidden content, please Sign In or Sign Up after meeting with the plane maker’s This is the hidden content, please Sign In or Sign Up . *******, which has 484 unfilled This is the hidden content, please Sign In or Sign Up orders, has expressed frustrations about the aircraft maker’s troubles, which have delayed deliveries. Kirby had lunch with Boeing’s new CEO Robert Ortberg earlier this week. In a This is the hidden content, please Sign In or Sign Up on Thursday, Kirby said he “came away with a renewed confidence that Boeing is on the right path and will recover faster than most expect.” Ortberg also met with This is the hidden content, please Sign In or Sign Up CEO Robert Isom earlier this week, according to a person familiar with the matter. Streaming warsAs legacy media companies vie for both viewership and profitability in the streaming wars, CNBC’s Alex Sherman uncovers the inside story of what drove executives at This is the hidden content, please Sign In or Sign Up ‘s NBCUniversal to splash out This is the hidden content, please Sign In or Sign Up for its Peacock streaming service. But with competition from This is the hidden content, please Sign In or Sign Up , This is the hidden content, please Sign In or Sign Up Prime Video and This is the hidden content, please Sign In or Sign Up +, the question ********: Will this massive investment be enough to ensure Peacock’s long-term sustainability? Disclosure: Comcast’s NBCUniversal is the parent company of CNBC. [PRO] Central bank easing cycleStock markets have bounced back from last week’s sharp and sudden sell-off. While positive economic indicators have eased recession fears, there’s another key factor: central banks around the world are This is the hidden content, please Sign In or Sign Up . The bottom line Live long and prosper. Star Trek fans will instantly recognize the phrase. It also served as the inspiration for the ticker symbol, LLAP, of spacecraft manufacturer This is the hidden content, please Sign In or Sign Up , which, ironically, didn’t live long as a publicly traded company. This is the hidden content, please Sign In or Sign Up had to This is the hidden content, please Sign In or Sign Up in a $450 million deal. Terran Orbital was one of many space companies, including Astra Space and ******* Galactic, that went public through SPAC or special purpose acquisition company deals. Once valued at billions of dollars, these companies have seen their valuations collapse. Astra, for instance, was valued at just $12 million when it was This is the hidden content, please Sign In or Sign Up . At the time of Terran’s public debut, This is the hidden content, please Sign In or Sign Up , “We look at a lot of these space SPACs that have gone out and a lot of them weren’t businesses that should have gone public. We, on the other hand, have real revenues, real pipeline, real backlog, real customers.” But space is expensive. Richard Branson’s This is the hidden content, please Sign In or Sign Up had to ******** a This is the hidden content, please Sign In or Sign Up just to maintain its listing on the New York Stock Exchange. Meanwhile, Branson’s satellite venture, ******* Orbit, has already This is the hidden content, please Sign In or Sign Up , and ******* Galactic has This is the hidden content, please Sign In or Sign Up as it focuses on redesigning a new reusable spacecraft. Even legacy companies aren’t immune to challenges. In early June, This is the hidden content, please Sign In or Sign Up successfully sent astronauts Butch Wilmore and Suni Williams into space, but the Starliner capsule’s This is the hidden content, please Sign In or Sign Up during docking with the International Space Station. This is the hidden content, please Sign In or Sign Up whether to bring the capsule back with a crew or leave it uncrewed. Back on Wall Street, there was a sense of relief as retail sales and Walmart’s earnings revealed that consumers were more resilient than previously thought. CNBC’s Bob Pisani explains This is the hidden content, please Sign In or Sign Up . John Stoltzfus, chief investment strategist at Oppenheimer Asset Management, This is the hidden content, please Sign In or Sign Up , stating he’s “comfortable at this point with prospects for a soft landing, or perhaps at worst a slightly bumping landing if we get a tantrum if the Fed doesn’t give the market 50bps [basis points] in September and goes for 25 instead.” Stoltzfus, who has a 5,900 target for the S&P 500, told CNBC, “Essentially, things are looking good. We got resilience related to the consumer, resilience related to earnings, if you look at S&P 500, five sectors [had] double-digit earnings growth, cyclicals still out performing defensives, and the beginning of the broadening of the market in some respects to the small and the mids [caps].” — CNBC’s Michael Sheetz, Melissa Repko, Jeff Cox, Brian Evans, Pia Singh, Alex Sherman, Leslie Josephs and Spencer Kimball contributed to this report. This is the hidden content, please Sign In or Sign Up #CNBC #Daily #Open #Live #long #prosper This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up Link to comment https://hopzone.eu/forums/topic/100629-cnbc-daily-open-live-long-and-prosper/ Share on other sites More sharing options...
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