TheStreet Live

TheStreet Live

By JIm Cramer and TheStreet StaffBusiness
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TheStreet Live episodes

  • German Bonds Fall Into Negative Territory, First Time Ever
    The yield on the 10 year benchmark German Bond fell into negative territory for the first time ever. The move comes amid global growth concerns and jitters over the United Kingdom's upcoming vote on its European Union membership. Recent surveys show supporters of Britain leaving the Union, known as "Brexit' is gaining ground. It looks like Verizon
    2 min
  • Closing Bell: Whole Foods Falls on FDA Warnings; Stocks Slip
    Stocks came off of session lows by the day's end, though remained in the red. Fears over the Fed's announcement tomorrow, Brexit talk and crude at a three-week low all contributed to losses. Whole Foods slipped after the Food and Drug Administration sent a warning regarding violations at its Massachusetts manufacturing plant. Regulations noted a number of 'serious' violations for packing and handling food. Gunmakers pulled back after Monday's rally with Smith & Wesson and Sturm Ruger sharply lower. Retail store card company Synchrony Financial fell after upping its loss forecast over the next 12 months. Synchrony also said it was building up its reserves to weather challenges in late-stage delinquencies.
    2 min
  • Midday Report: NXP Semiconductors Sells Division; Stocks Slump
    Stocks extended their decline as the Fed kicked off a two-day monetary policy meeting. 'Brexit' fears also dragged on markets after the latest poll showed U.K. voters favoring an exit by a seven-point lead. Second-quarter economic growth in the U.S. was tracking at 2.6%, according to Barclays. The firm revised its estimate down after a weaker-than-expected increase in April business inventories. Alibaba climbed after noting it would no longer rely so heavily upon the gross merchandise volume sales metric. The measure has been in question since U.S. regulators began an investigation into the practice. NXP Semiconductors fell after reaching a deal to sell its Standard Products business to a consortium of investors for around $2.75 billion.
    2 min
  • Investors Hold Onto Their Wallets Ahead of 'Brexit" Vote, Fed
    Investors are getting more cautious as we await 2 key events happening later this month. One if the British vote on whether or note to leave the European Union, known as "Brexit'. The other big event is next week's Federal Reserve meeting. Meanwhile, government bonds in Japan, Germany and the United Kingdom notched new record low levels this morning. A shakeup of Viacom's
    2 min
  • Closing Bell: JetBlue Cuts 2016 Growth Outlook; Stocks Fall
    Stocks extended declines through the final hour after crude closed below $50 a barrel. Oil pulled the markets lower after the number of active oil rigs in the U.S. climbed for the second week in a row. JetBlue slid on Friday after the company reported disappointing May data. The airline also cut its capacity growth outlook for 2016 on expected lower unit revenue and higher fuel prices. H&R Block rose after topping fourth-quarter estimates on its top and bottom line. However, total returns for the latest tax season did decline. The tax preparer also raised its quarterly dividend by 10%. Smith & Wesson declined after Wedbush grew bullish on the company ahead of its earnings report next week.
    2 min
  • Midday Report: Consumer Sentiment Weakens; Stocks Slip on Oil
    Stocks came back from session lows, though remained in the red as crude oil traded below $50 a barrel. Markets have given back earlier week gains for the past two days. Consumer sentiment weakened in June, a sign that labor market worries and U.S. presidential politics have begun to influence the mood. The consumer sentiment index fell to 94.3 in mid-June, slightly below May's final reading. Urban Outfitters fell after warning that same-store sales in the current second quarter were declining in the mid-single-digit percentage range. Analysts had expected an increase of just over 1% over the period. Visa was boosted to a $90 price target at Oppenheimer. Analysts also increased earnings estimates based on its Visa Europe acquisition which is expected to close this month.
    2 min
  • Opening Bell: Stocks Slip on Bond Rally, Oil Declines; Tesla Refutes Safety Issue
    U.S. stocks opened lower on Friday, as a global bond yields continued to fall and oil prices dropped below $50 a barrel, after reaching their highest level in nearly a year earlier this week. Yields for Japan government bonds are in negative territory. Tesla shares were in focus after the electric automaker threw cold water on reports of safety issues with the suspension of its Model S car. The company said it owns its service centers and would be aware of any glitches. TheStreet's Scott Gamm reports from Wall Street.
    2 min
  • Opening Bell: Stocks Drop as Bonds Rally; LinkedIn Shares Upgraded
    U.S. stocks moved lower on Thursday, as a global rally in bonds continued, sparked by worries about global growth and the European Central Bank's commencement of its corporate bond buying program. Shares of The J.M. Smucker Company rose after beating analysts' estimates on both the top and bottom lines, thanks to a 25 percent increase in sales during its fourth quarter. The company also reported better than expected full year earnings guidance. LinkedIn shares jumped after analysts at RBC Capital upgraded the stock to outperform from sector perform with a $160 price target. The stock trades near $134 a share. An RBC survey found recruiters are expected to boost spending on the platform in the next year. TheStreet's Scott Gamm reports from Wall Street.
    2 min
  • Legendary Trader George Soros Trades Again, Bullish Gold
    Trading legend George Soros is back to trading the markets and he's mostly bearish. The Wall Street Journal says the billionaire sees opportunity in various political and economic problems in the world. In particular, he's skeptical about the Chinese economy and the possibility of the break-up of the European Union if England votes to leave. Soros reportedly has sold stock and bought gold and gold miners. About 21 million self-driving cars are expected to be on the road world-wide by 2035, according to automotive research firm IHS automotive. Global sales are expected to reach 600,000by 2025. Disney ( ) is preparing for the opening of Shanghai Disney. The theme park doesn't open until June 16th but already crowds are forming at nearby restaurants and lakesides. Shanghai Disney is located in an area where 330 million people can reach it within 3 hours.
    2 min

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