TheStreet Live

TheStreet Live

By JIm Cramer and TheStreet StaffBusiness
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TheStreet Live episodes

  • Opening Bell: Stocks Slip as Investors Flood Save-Havens; Walgreens Earnings Shine
    U.S. stocks moved lower on Wednesday, as Brexit fears pushed investors into safe-haven assets. Japan's 20-year government bond yield dipped into negative territory for the first time ever. Gold prices hit a two year high, as investors ditched risky assets. Plus, oil prices dipped to a two-month low on fears a Brexit could ding demand. Meanwhile, Walgreens Boots Alliance reported better-than-expected third quarter earnings and raised the lower bound of its full-year earnings forecast. Earnings per share of $1.18 beat estimates of $1.14 and the company's acquisition of Rite Aid is set to close in the second half of 2016. Finally, investors are gearing up for the 2pm Eastern release of the minutes of the Federal Reserve's June meeting, when the central bank left interest rates unchanged. While this meeting was before the Brexit vote, investors hope to gain more insight on whether the dismal May jobs report was a fluke or a more worrisome sign about the labor market. TheStreet's Scott Gamm reports from Wall Street.
    2 min
  • Opening Bell: U.S. Stocks Slip on Brexit Worries; Tesla Sinks on Delivery Woes
    U.S. stocks slipped on Tuesday, following a long holiday weekend. Brexit fears were back in focus as the pound hit at 31-year low against the dollar and the Bank of England announced that it will cut capital requirements for UK banks, enabling them to boost lending. Meanwhile, Tesla shares lost steam after announcing lower-than-expected second-quarter sales figures. The automaker produced 18,345 cars during second quarter. Deliveries stood at 14,370, missing estimates of 17,000. Netflix shares were downgraded to hold from buy at Needham, citing concerns that Brexit may lower UK and eurozone GDP growth over the coming years, which could ding subscriber growth. TheStreet's Scott Gamm reports from Wall Street.
    2 min
  • Pound Hits 31-Year Low Against Dollar as Brexit Worries Resurface
    The pound hit a 31-year low against the dollar on Tuesday, as Brexit concerns moved back into the spotlight after last week's rally across global markets. 'We've also hit multi-year lows against the yen and the euro,' said Michael Hewson, chief market analyst at CMC Markets, based in London, adding that Bank of England Governor Mark Carney has tried to shore up confidence in the UK banking sector, but economists are pricing in an interest rate cut as soon as next week. Aside from a plunging pound, the 10-year U.S. Treasury yield hit a fresh low on Tuesday. TheStreet's Scott Gamm reports from Wall Street.
    3 min
  • Wall Street Gets Back to Work as Post-Brexit Recovery Fades
    Stocks are snapping their post-Brexit bounce. Wall Street heads back to work after the long July 4th weekend, looking at losses. The ruling Conservative party in Britain will hold the first stage of its selection process for a new leader today and potential candidates have been busy putting their ideas forward for the post-Brexit environment. Walt Disney
    2 min
  • Closing Bell: Netflix, CW Partner Up; U.S. Stocks Decline
    Wall Street returned from the long Independence Day weekend to find worries over Brexit again gaining traction. The Dow ended with losses of roughly 100 points, while crude oil closed at its lowest level in just over a week. Comcast has struck a deal with Netflix to incorporate the video-streaming service into its X1 platform. The deal allows Comcast to compete more effectively with other over-the-top devices such as those from Roku and Verizon . Separately, Netflix reached a new multi-year agreement with the CW, extending the exclusive streaming rights agreed upon in 2011. The deal involves scripted CW series such as Supernatural, Supergirl and The Vampire Diaries. Nordstrom declined despite an upgrade to HOLD from SELL at Miller Tabak. Analysts said the revision was a valuation call.
    2 min
  • Midday Report: Delta Cuts Quarterly Forecast; Brexit Woes Weigh on Markets
    Uncertainty over the timeline and execution of the United Kingdom's exit from the European Union left markets rattled. The S&P 500 pulled back from gains achieved last week in what was its best five-day performance of the year. Delta cut its profit margin forecasts for its June quarter. The airline pointed to a five percent decline in passenger revenue last month and the higher cost of fuel as reason for the weaker-than-expected quarter. Harley-Davidson declined, giving back much of the gains achieved on Friday. Shares had surged on speculation of a possible takeover deal from private-equity firm KKR in the pipeline. Netflix was downgraded to HOLD from BUY at Needham. The firm said exposure to Europe should either accelerate subscriber churn or slow subscriber growth.
    2 min
  • Closing Bell: Canaccord Backs Netflix; Stocks See Small Gains
    Wall Street was a bit quieter than normal as traders escaped the office early for the long Independence Day weekend. Stocks had recovered the majority of Brexit losses by the end of the week. The S&P 500 climbed more than 3% over the past five days. Crude oil added to gains in the afternoon session despite the number of active oil rigs in the U.S. rising over the past week. Prices have been boosted recently by fairly consistent declines in U.S. inventories and production. Harley-Davidson spiked on speculation of takeover interest from private-equity firm KKR. Reports have not been confirmed by either party. Netflix rose after Canaccord analysts initiated the stock with a BUY rating and $120 price target. The firm said the video-streaming service has the potential to post sustained subscriber growth.
    2 min
  • Midday Report: Manufacturing Activity Impresses; U.S. Stocks Climb
    U.S. stocks held onto modest gains in a quieter, low-volume session on Friday ahead of the Independence Day long weekend. The number of S&P 500 shares traded by the middle of the session was under 200 million, a fraction of the three-month daily average. Manufacturing activity in the U.S. increased for its second month in June, reaching its highest level since February of last year. The reading assured investors headwinds that buffered the industry such as a strong U.S. dollar and weaker demand were beginning to fade. Construction spending in May remained weak, though. A decline of 0.8 percent conflicted with estimates of an increase.
    2 min
  • Opening Bell: Stocks Waver Ahead of July 4 Weekend; Apple in Talks to Buy Tidal
    U.S. stocks opened slightly lower on Friday, following three straight sessions of gains. This comes as investors continued to digest last week's historic Brexit vote. Meanwhile, sources tell The Wall Street Journal that Apple is in discussions to acquire Tidal, a music streaming service owned by Jay Z, in an effort to strengthen its Apple Music service. Plus, Tesla shares slipped after the company confirmed reports that regulators have been investigating the recent crash a Model S vehicle that killed one driver while the car was operating in autopilot mode. TheStreet's Scott Gamm reports from Wall Street.
    2 min
  • Opening Bell: Stocks Waver on Brexit Worries; LionsGate to Acquire Starz
    U.S. stocks opened flat on Thursday, following two straight days of gains, as investors continued to make sense of last week's Brexit vote. The S&P 500 moved back into positive territory for 2016 on Wednesday. Plus, weekly jobless claims rose by 10,000 last week to 268,000, according to the Labor Department. The four-week average held steady at 266,750 claims. Meanwhile, LionsGate agreed to acquire Starz for $4.4 billion in cash and stock. Billionaire media mogul John Malone holds stakes in both companies. Starz's class A shares rose almost 12 percent. LionsGate shares jumped 8 percent. Shares of Constellation Brands climbed over 2 percent after reporting earnings per share of $1.54, beating estimates of $1.52. Revenue of $1.87 billion was 15 percent higher than the same quarter a year ago and eclipsed forecasts of $1.83 billion. TheStreet's Scott Gamm reports from Wall Street.
    2 min

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