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Dec 6, 2023
12/23
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this week people were very worried about jm smucker.kaged food maker bind jif peanut butter, smuckers jelly, folgers coffee, and pet food have become the poster child for what i call the house and pick selloff, when all these food -- got killed because of these weight loss drugs. given that smuckers just announced its buying hostess brands, we knew they were about to get a big stack portfolio. dingdong's, whole house, and these drugs can eliminate your craving for snack food. so smuckers saw its stock plunge over 30%, and while it rebounded a handful of points and said, investors were still can extremely concerned. most of the beaten-down snack food stocks have smacked -- snapped back. this one was doing much worse, until it reported yesterday when smuckers seemingly changed the narrative. does this move make sense? let's take a closer work -- look. it's nice. it's when you get when you strip out various one-time items and impact of currency fluctuations. more important the gross margin expanded by 550 basis points and by 300 basis poin
this week people were very worried about jm smucker.kaged food maker bind jif peanut butter, smuckers jelly, folgers coffee, and pet food have become the poster child for what i call the house and pick selloff, when all these food -- got killed because of these weight loss drugs. given that smuckers just announced its buying hostess brands, we knew they were about to get a big stack portfolio. dingdong's, whole house, and these drugs can eliminate your craving for snack food. so smuckers saw...
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Dec 5, 2023
12/23
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mark smucker.this is bloomberg. ♪ i'm going to sell my life insurance cuz i don't need it anymore. my kids are grown, my wife is great, let's settle up the score. it's time to travel to paree, spend retirement happy. call 877-sell-easy. 877-sell-easy. 877-sell-easy, and sell your policy. you can sell all or part, live your life and play it smart. 877-sell-easy, and sell your policy. if you've had a change in health, or you're over 65, and paying for $100,000 or more in a life insurance policy you don't need, get paid for it instead. then take the money that you get, go to live it up, you bet. call 877-sell-easy. 877-sell-easy. 877-sell-easy, and sell your policy. guy: this is bloomberg markets and you are looking at the principal room. the national association of homebuilders co is joining bloomberg tv at 4:30 p.m. new york time. this is bloomberg. >> it was a ramp up for the holiday season, but additionally as we are getting into the flu season, there was also an increase of purchases of the perso
mark smucker.this is bloomberg. ♪ i'm going to sell my life insurance cuz i don't need it anymore. my kids are grown, my wife is great, let's settle up the score. it's time to travel to paree, spend retirement happy. call 877-sell-easy. 877-sell-easy. 877-sell-easy, and sell your policy. you can sell all or part, live your life and play it smart. 877-sell-easy, and sell your policy. if you've had a change in health, or you're over 65, and paying for $100,000 or more in a life insurance policy...
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Dec 11, 2023
12/23
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ceo mark smucker.odd years for the kevin and that story, take me back a year end a half ago, june of 2022 when inflation was at 9%. since then what kind of moderating prices for all the things you make whether that is just or smokers, on constable's, dunkers, folders. >> thank you for having me we have seen some inflation were putin and careful as we take her prices out but we've not seen more increases. in fact her coffee prices came down in august we saw the green coffee moderate. in that particular category we lowered our coffee cost to the consumers and pass decreases along. liz: i've heard lots of complaints from people who say we know food inflation is coming down and in fact heavy materials in some cases but they say that companies are addicted to the higher prices that they were getting and they are very disinclined to lower prices. you were saying your passing on the cost savings that you're seeing to your customer. >> actually, food is based on commodities. we want to be very putin and carefu
ceo mark smucker.odd years for the kevin and that story, take me back a year end a half ago, june of 2022 when inflation was at 9%. since then what kind of moderating prices for all the things you make whether that is just or smokers, on constable's, dunkers, folders. >> thank you for having me we have seen some inflation were putin and careful as we take her prices out but we've not seen more increases. in fact her coffee prices came down in august we saw the green coffee moderate. in...
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Dec 5, 2023
12/23
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we're 30 minutes into the trading session, some movers we're watching, shares of jm smucker, maker off peanut butter topping expectations. apple is another top performer on the s&p adding to big gains and shares rallied 15% off the late october lows. bank of america and ubs out with bullish noetsz on the same this morning. starbucks, the stock on pace for its 12th straight down day, since going public in 1992, wiping out around $12 billion of starbucks market cap in the time. investors are worried about weakening sales trends at the coffee giant. >> who keeps track of those things? like baseball where they have these statistics, you know -- >> we have a data team at cnbc. >> 11 straight days, 12 straight. it's amazing that we can go back -- >> we have the superlatives at our fingertips. >> amazing we can do these. let's get to economic data that just crossed the tape. for that we get to rick santelli. rick? >> yes, david. watch yields go down and watch equities move up a bit, as job openings and labor turnover known as jolts for october is much less, huge miss, versus expectations. lo
we're 30 minutes into the trading session, some movers we're watching, shares of jm smucker, maker off peanut butter topping expectations. apple is another top performer on the s&p adding to big gains and shares rallied 15% off the late october lows. bank of america and ubs out with bullish noetsz on the same this morning. starbucks, the stock on pace for its 12th straight down day, since going public in 1992, wiping out around $12 billion of starbucks market cap in the time. investors are...
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Dec 5, 2023
12/23
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mark smucker joining us, j.m. smucker ceo.nk you for having me. >> we will talk about peanut butter and jelly, our favorite topic, but first you look at the earnings, and how do you think it's reflective of the market meaning the macro, and how dew point to operationally things you did in the last quarter differently? >> i think we have been on this journey for three years and the results of this quarter are really strong. it's a testament to the work we have done. we completely reshaped our portfolio and have gotten super focused. if you look at all of our categories, we saw both sales and profit growth as well as volume growth in most of them, which really reflects this -- the breath of our portfolio meeting the needs of consumers where they are, whether that's from a value perspective all the way up to premium offerings, and whether that is milk bone dog biscuits and uncrustables which is a convenient snack. we have lot going for us and are proud of the results this quarter. >> do you think there's something not working as
mark smucker joining us, j.m. smucker ceo.nk you for having me. >> we will talk about peanut butter and jelly, our favorite topic, but first you look at the earnings, and how do you think it's reflective of the market meaning the macro, and how dew point to operationally things you did in the last quarter differently? >> i think we have been on this journey for three years and the results of this quarter are really strong. it's a testament to the work we have done. we completely...
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Dec 5, 2023
12/23
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in the case of jm they could have been worse -- jm smucker could have been worse. stock is up about 4%. moving in the other direction, we have the parent company of dsw shoes. some key concerns based on the consumer outlook right now. speaking of laggards, we want to highlight sphere entertainment. a lot of people are enjoying getting their first look at the sphere in las vegas but some news on the convertible note issuance today spooked investors. jon: -- sonali: apollo ceo mark rowen says that is where you can find better returns. >> if you want alpha outperformance you need to step away from public markets. i think that is happening. we are also revisiting the notion of public being safe and private being risky. this is the framework were used to be in. private meant venture capital, private equity, hedge fund. now it just means less liquid. jon: bloomberg surveillance also spoke with apollo's cohead of private equity said investors are right to be skeptical of private market valuations. >> i think a lot of sponsors overpay for assets in the last couple of years
in the case of jm they could have been worse -- jm smucker could have been worse. stock is up about 4%. moving in the other direction, we have the parent company of dsw shoes. some key concerns based on the consumer outlook right now. speaking of laggards, we want to highlight sphere entertainment. a lot of people are enjoying getting their first look at the sphere in las vegas but some news on the convertible note issuance today spooked investors. jon: -- sonali: apollo ceo mark rowen says...
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Dec 5, 2023
12/23
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mark smucker ceo of j.m. accelerating) (texting clicks) (tires squeal) (glass shattering) (loose gravel clanking) it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. the idea that we have saved five million people's lives, it's overwhelming. it's everything. jonathan: good morning. equity futures down by .4% on the s&p. countdown to the open starts now. announcer: everything you need to get set for the start of u.s. trading, this is "bloomberg the open" with jonathan ferro. ♪ jonathan: live from new york, coming up, the team at apollo says the fed put his back. the recent mark
mark smucker ceo of j.m. accelerating) (texting clicks) (tires squeal) (glass shattering) (loose gravel clanking) it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. the idea that we have saved five million people's lives, it's overwhelming. it's everything. jonathan: good morning. equity futures down by .4% on the s&p. countdown to the open starts now. announcer: everything you need to get set...
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j m smucker saying comp sales were 7% in the second quarter, that is thanks to higher sales volumes andy up by 22%, launching a nationwide ad campaign devoted to those sandwiches. the last one i'm looking at, designer brands, reducing and most expectations, sinking, down 31%, they were hurt by the footwear market, they also blamed unseasonably warm weather saying it reduced the demand for heavy shoes. stuart: two stop lifting incidents in the chicago suburbs, it eliminates cash bail. the residents can't be happy about this. >> reporter: proponents of cashless bail, a component of the safety act of a suspected camel to our flight risks would be held behind bars before their trial, now we have these cases in which groups of people were picked up on black friday for shoplifting hundreds of billions of dollars worth of goods. another, an elderly woman for $20,000, the suspects are undocumented. one listed his address, saying he lived on the ground of a police station, he had multiple passports and id cards that are fraudulent, motions to hold them in jail pretrial were denied in all but one
j m smucker saying comp sales were 7% in the second quarter, that is thanks to higher sales volumes andy up by 22%, launching a nationwide ad campaign devoted to those sandwiches. the last one i'm looking at, designer brands, reducing and most expectations, sinking, down 31%, they were hurt by the footwear market, they also blamed unseasonably warm weather saying it reduced the demand for heavy shoes. stuart: two stop lifting incidents in the chicago suburbs, it eliminates cash bail. the...
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Dec 9, 2023
12/23
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smucker. mr. smucker: thank you for holding today's hearing. a lot has been said today that i agree with. i just want to mention, there is no equivalent between what hamas did, horrific attacks and israel defending itself. and the article that mr. wenstrup found highlights that years ago the palestinians could have chosen peace and prosperity but chosen violence and destruction for many years. we stand with israel and israel's right to defend itself. we had a hearing on this yesterday in another committee and it's just still unbelievable to me we are seeing what we are seeing on our college campuses. jewish students have retreated to the jewish centers because they don't feel they can participate in campus life. we have seen jewish students attacked by microphones and locked themselves in their dorm rooms. in my own district, students were targeted when a man drew two swats stick ason campus. i want to get your thoughts and the money that is flowing into universities and where universities are spending their money and whether this has some impa
smucker. mr. smucker: thank you for holding today's hearing. a lot has been said today that i agree with. i just want to mention, there is no equivalent between what hamas did, horrific attacks and israel defending itself. and the article that mr. wenstrup found highlights that years ago the palestinians could have chosen peace and prosperity but chosen violence and destruction for many years. we stand with israel and israel's right to defend itself. we had a hearing on this yesterday in...
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Dec 1, 2023
12/23
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one of the biggest losers, jm smucker which had the misfortune of buying hostess, maker of inkies, right before the headlines made a sound like junk food is a dead. can they change the narrative? we have to find out. tuesdanight brings us numbers om toll brothers at high in homebuilder that is one of my favoriteompanies it is one of moment. t commanders of this housing, despite mortgage rates doubling. there are just not enough homes being built and mortgage rates are. at the same time we heard om a company called mongo db, it is a database software company where the stock has been up 120%. i bet they have another excellent arter. wednesday mornini'm rooting for campbell's. mpbell's sp to come up with a goodumber. in part because they did not last time. i know people think i am hard on the ftc, buin august campbell soup announced they were buying so brands for 2.7 billion. unbelievably the ftc has held up this ti deal asking for someing th shod have closed pronto has delayed to mid-2024. cigna anhumana are thinking merging they shou take note that they will not even let a soup company mg
one of the biggest losers, jm smucker which had the misfortune of buying hostess, maker of inkies, right before the headlines made a sound like junk food is a dead. can they change the narrative? we have to find out. tuesdanight brings us numbers om toll brothers at high in homebuilder that is one of my favoriteompanies it is one of moment. t commanders of this housing, despite mortgage rates doubling. there are just not enough homes being built and mortgage rates are. at the same time we heard...
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Dec 5, 2023
12/23
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smokers lowers it -- smuckers lowers its outlook for the year.e get there latest on jobs and ism services breaking right now. i'm alix steel with guy johnson. welcome to bloomberg markets. we have the data now? guy: hot and cold is what i would say. if that makes it lukewarm, i don't know but it is hot and cold. the jobs number comes in very soft, which is interesting. if you look at the services data, prices paid remains elevated and above expectations. this softens a little bit but the number still looks good. the overall headline number coming through and looking pretty good in terms of the ism services index. i would say hot and cold. if you're looking for cold, it showing up in the employment component. alix: how about just goldilocks and lukewarm? michael mckee is digging through the numbers. break it down for us. michael: we will sit down with baby bear and figure this out. services pmi comes in with more than anticipated. the broadcast was for 52.3. we will see of that excites the market. prices paid false but not as far as economists tho
smokers lowers it -- smuckers lowers its outlook for the year.e get there latest on jobs and ism services breaking right now. i'm alix steel with guy johnson. welcome to bloomberg markets. we have the data now? guy: hot and cold is what i would say. if that makes it lukewarm, i don't know but it is hot and cold. the jobs number comes in very soft, which is interesting. if you look at the services data, prices paid remains elevated and above expectations. this softens a little bit but the number...
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Dec 5, 2023
12/23
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smucker came in, too. generally pretty good. that's up about 4%. get a whole bunch of other ones out there. ad adobe, costco, darden will be out next week, lennar, oracle. these are considered early warning signals from people who watch the earnings situation. again, their quarters end in november, all of these companies. so, generally as they go, it's a good early warning sign. still a little too early. the first two companies are not bad. elsewhere, if you look at what else is working, not an awful lot. still yield plays are doing well. as you can see here, $15, the beginning of november. now, $17. it's had a horrible time. it's a 6.5% yield right now. this stock hit 14, 14.25. go back again. way back in july or august, that was the lowest -- to get to 14, you have to go back to the 1990s. that's how bad this was. this was 30-year lows and struggling to come back as a potential yield play as rates come down a little bit. what the heck is going on with the oil stocks? here's greg. greg handles exxonmobil. oil is up today. it's not moving. nothing
smucker came in, too. generally pretty good. that's up about 4%. get a whole bunch of other ones out there. ad adobe, costco, darden will be out next week, lennar, oracle. these are considered early warning signals from people who watch the earnings situation. again, their quarters end in november, all of these companies. so, generally as they go, it's a good early warning sign. still a little too early. the first two companies are not bad. elsewhere, if you look at what else is working, not an...
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Dec 21, 2023
12/23
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>> we have a very special smucker's birthday never happened before. watching "the price of right." come on down happy 100th birthday to juan guerrero of california served in the u.s. army. we salute you for your service charles buck is 100. a fisherman from lewiston, montana, married to the love of his life, milly, for more than 60 years and we have one more celebrant but i need help spinning this jar. you remember her from -- as meredith from "the office," kate flannery is here one of our faves so kate, your dad turned 100 on monday, so cheers to your dad, tom flannery >> we love you >> native philadelphian. >> philadelphian and been of service his entire life, served in world war ii, was a prisoner of war for over a year, he ran flannery tavern and was a friend to the forgotten man, raised seven kids with my mom, if that's not being of service what is >> what do you want to say to tom? >> dad, i love you, i'm so proud of you, slow, but sure that is what he always said. slow but sure. he's the real deal so much love in his heart, twinkle in his eye,
>> we have a very special smucker's birthday never happened before. watching "the price of right." come on down happy 100th birthday to juan guerrero of california served in the u.s. army. we salute you for your service charles buck is 100. a fisherman from lewiston, montana, married to the love of his life, milly, for more than 60 years and we have one more celebrant but i need help spinning this jar. you remember her from -- as meredith from "the office," kate...
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Dec 27, 2023
12/23
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smuckers, hormel, campbell soup, all down more than 20% as product demand dwindled, thanks in part tong power, as companies try to offset inflation. my next guest was getting constructive on some of these names when he joined us this month. peter, it's good to see you again. we were talking about incrementally going from more negative to seeing some glimmers. are the glimmers growing stronger? >> yes, thanks kelly, and happy new year. look, i think what we are starting to see in some of the data is a continuation of what we spoke about last month. moving from that negative position to slightly more positive, although, we are not out of the woods yet, but encouraging signs we saw in some of the data around thanksgiving. we are still waiting on the christmas data to come out, which will be here in another week or so, and really, what we are seeing out of the consumer at this point is a little bit of improvement, probably still not there yet. they are delaying that purchase, particularly, around holidays, really, right up until the week before holiday events are occurring. >> not wanting
smuckers, hormel, campbell soup, all down more than 20% as product demand dwindled, thanks in part tong power, as companies try to offset inflation. my next guest was getting constructive on some of these names when he joined us this month. peter, it's good to see you again. we were talking about incrementally going from more negative to seeing some glimmers. are the glimmers growing stronger? >> yes, thanks kelly, and happy new year. look, i think what we are starting to see in some of...
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smucker, at&t, cvs, apple on that list too. nasdaq winner, apple, 192, up 2.70. tesla, t-mobile.it. the 10-year treasury yield down, 4.21%. why is that not helping the nasdaq? when those rates go down, the nasdaq usually goes up. not today. gold, fairly close to an all a-time high at $2,042 per ounce. the other day it was about 2100. bitcoin purling back a little -- pulling back a little. no, it's not. it's at a $432,100. -- 42,1000. >> wow. less of a loss than we saw earlier. stuart: that's a rally and a half. the price of oil, low 70s, 73.59. nat gas, don't really care, $2.78. now, gas, ooh i'm always intrigued by gas, the average a price for a gallon of regular across the country is now $3.22, 11 states are below $3 a gallon. diesel down one cent at $4.18. coming up, migrants in chicago begging president biden to extend work permits. should they be allowed to work? i'll ask chicago pastor corey brooks. do you know what the word ris -- rizz means? no, i don't want. it's mostly used my younger the -- by youngsters. it was just named the word of the year. i want to try to use it
smucker, at&t, cvs, apple on that list too. nasdaq winner, apple, 192, up 2.70. tesla, t-mobile.it. the 10-year treasury yield down, 4.21%. why is that not helping the nasdaq? when those rates go down, the nasdaq usually goes up. not today. gold, fairly close to an all a-time high at $2,042 per ounce. the other day it was about 2100. bitcoin purling back a little -- pulling back a little. no, it's not. it's at a $432,100. -- 42,1000. >> wow. less of a loss than we saw earlier. stuart:...
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Dec 13, 2023
12/23
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smucker: thank -- the the gentleman is recognized. mr. smucker: i rise in support of h.r. 1147, the whole milk for healthy kids act. i urge my colleagues to support this bipartisan, bicameral, and utterly fantastic bill. i proudly represent 11th district, which is one of the largest dairy producers in the northeast. in 2022, 1,300 lancaster county farms produced 2.1 billion pounds of milk. i visited many of those farms and have had many discussion was local school administrators about the importance of child nutrition. we all agree that milk is a key vehicle for delivering protein, potassium, calcium, phosphorous, and vitamins a and d, especially for children. let's not skim over the facts here. whole milk is truly the cream of the crop in thrilling these key vitamins and nutrients to growing children. sadly our nation's kids are not consuming enough dairy. we have seen a decline since we banned whole milk in our schools. to receive those essential vitamins and nutrients. we can only begin to calculate the impact that has on their long-te
smucker: thank -- the the gentleman is recognized. mr. smucker: i rise in support of h.r. 1147, the whole milk for healthy kids act. i urge my colleagues to support this bipartisan, bicameral, and utterly fantastic bill. i proudly represent 11th district, which is one of the largest dairy producers in the northeast. in 2022, 1,300 lancaster county farms produced 2.1 billion pounds of milk. i visited many of those farms and have had many discussion was local school administrators about the...
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Dec 20, 2023
12/23
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though smucker reported and then the stock went up. even though they did hostess.through a period where everything would not be eaten. th a comeback where everything would be eaten, and you ought to get into solar grid and out of food. did you not get that joke? >> i didn't. >> you were putting your mic on. you got tripped up there. >> that was at the beginning of the show. >> these numbers are not good. >> nestle's ceo, i was thinking let me reference this. >> he says there's no impact. >> yeah. ozempic, wegovy, and what did he say? he had this linkedin thing. he's kind of saying it's much -- muchf the opportunity comes from the understanding of the needs of the consumer, the science, and therapy can result in a loss of lean muscle mass. one of the best ways to build and maintain lean muscle mass is protein intake and exercise. we're seeing demand for protein powders, bars, drinks are increasing. >> that's true. i think tyson, because they got the protein, but tyson has not cooperated. they're one of the most poorly run companies i've come across. >> he's talking
though smucker reported and then the stock went up. even though they did hostess.through a period where everything would not be eaten. th a comeback where everything would be eaten, and you ought to get into solar grid and out of food. did you not get that joke? >> i didn't. >> you were putting your mic on. you got tripped up there. >> that was at the beginning of the show. >> these numbers are not good. >> nestle's ceo, i was thinking let me reference this....
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Dec 26, 2023
12/23
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i was reading -- i think it was the journal today, the underperformance in packaged foods, smuckers, con ag, all down 20-plus percent this year. higher rates have hurt the dividend. >> and also glp-1 drugs. people are worried about the impact as these drugs go mainstream of how much we're going to consume of packaged foods, i think that's been a problem. also there's been concerns about valium growth. the whole story for packaged food, they had this pricing growth when inflation was high. consumers reached a tipping point of how much they were willing to buy on these higher prices. that's been kind of a slowdown in the food space. if you're looking for turn-around candidates of lagging sectors, that is trading under the s&p valuation. >> put it on the top of your list. >>> when we return, topic for 2024 happens to be among the dow 30, not a tech stock. hear what one analyst has to say about it. taking a look at the futures again, dow features up 52. s&p futures up eight points. it's a quiet trading day with some markets like the uk closed for boxing day. "squawk on the street" coming
i was reading -- i think it was the journal today, the underperformance in packaged foods, smuckers, con ag, all down 20-plus percent this year. higher rates have hurt the dividend. >> and also glp-1 drugs. people are worried about the impact as these drugs go mainstream of how much we're going to consume of packaged foods, i think that's been a problem. also there's been concerns about valium growth. the whole story for packaged food, they had this pricing growth when inflation was high....
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Dec 26, 2023
12/23
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let's spin around those smucker's jars and see who is turning 100.her famous sticky buns. >> john of honolulu, hawaii is also 100 he served our country during world war ii we salute you for your service, sir. happy birthday to helen sweig. a big fan of naps. she enjoys naps to keep up with her 21 grandkids frances is from park ridge, illinois she is 100 her drink of choice, red wine. i agree with that, too good choice. charlotte kephart of phillipsburg, pennsylvania, is also 100 she worked as a nurse's assistant until she was 80 that is beautiful. happy 100th birthday to mary jane humphreys of michigan she likes to spend greeting cards. now it is your time to get those cards, too. cards to her 13 kids and dozens of grandkids now it is your time to get those cards, too happy birthday if you have a loved one turning 100 or more, let us know at today.com/celebrates. >> for frances' sake, i'm hoping three down is cabernet today. >> i'll drink a glass to that. >> this was fun, you guys. coming up on hoda and jenna, a rare look inside victoria beckham's fa
let's spin around those smucker's jars and see who is turning 100.her famous sticky buns. >> john of honolulu, hawaii is also 100 he served our country during world war ii we salute you for your service, sir. happy birthday to helen sweig. a big fan of naps. she enjoys naps to keep up with her 21 grandkids frances is from park ridge, illinois she is 100 her drink of choice, red wine. i agree with that, too good choice. charlotte kephart of phillipsburg, pennsylvania, is also 100 she...
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Dec 28, 2023
12/23
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jm smucker, campbell's soup, general mills, these stocks are down between 20, 30% so far this year.t's been a triple whammy for these food stocks. not as attractive dividend plays, no question about it. the glp-1, i mean, do you remember that selloff toward the back end of the summer? it hit the food stocks. it hit the alcohol stocks. it hit the medical device makers. it's going to change the world. i think there are some serious questions. >> so, you think that's an overhang in them? >> it could be. they've come back a little bit. they've come back a little bit, but it's no question in overpaying when we don't know -- i mean, look, are a hundred million people in america that are obese going to be on these glp-1s? probably not. that would bankrupt medicare. but as coverage expands and we continue to see these game-changing health results of these drugs, i think there are questions about package sizes. there are questions about volume sales, and what we're going to see. a lot of the food companies said, it's too early to tell. we're looking at it. what can they say at this point? bu
jm smucker, campbell's soup, general mills, these stocks are down between 20, 30% so far this year.t's been a triple whammy for these food stocks. not as attractive dividend plays, no question about it. the glp-1, i mean, do you remember that selloff toward the back end of the summer? it hit the food stocks. it hit the alcohol stocks. it hit the medical device makers. it's going to change the world. i think there are some serious questions. >> so, you think that's an overhang in them?...
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Dec 14, 2023
12/23
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CNBC
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consumer staples we saw smucker's and hersheys down here.landing. energy down, but you got to believe here that oil is going to rally, probably not going to happen. china, big geopolitical plays. one note we have the triple witching tomorrow, the last liquidity event, lot of volume here, rebalancing on the s&p, nasdaq index is rebalancing. uber going into the s&p 500 along with j build, sillver going out. want to see the effect going out and coming in, look at this. this is uber in the last month. it was $40 a month ago. earnings came out. everybody realized they were suddenly a candidate for inclusion in the s&p. s&p, they're up 50% in one month. this is called the s&p inclusion effect. stock tends to rise going in to the s&p 500 and after that tends to move sideways to down. yes get all of the value going in as it's going into the s&p 500. >> tomorrow is going to be big. want to talk art cashin. >> what's great here, we caught up with art. this is the annual predictions here. despite the 20% run up in the s&p 500 this year, i met with art
consumer staples we saw smucker's and hersheys down here.landing. energy down, but you got to believe here that oil is going to rally, probably not going to happen. china, big geopolitical plays. one note we have the triple witching tomorrow, the last liquidity event, lot of volume here, rebalancing on the s&p, nasdaq index is rebalancing. uber going into the s&p 500 along with j build, sillver going out. want to see the effect going out and coming in, look at this. this is uber in the...
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Dec 19, 2023
12/23
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we're putting you on that smucker's jar. all right. i love it.wicked" movie. >>> adriana is here a jacket with an extra hidden way to keep you warm it comes with craig melvin inside. >> that's not true. >> snuggle up in that sweater. >>> ahead on the third hour -- on the third hour, we have a new edition of asked and answers doctors are taking your questions when it comes to winter illnesses, like when you should stay home from work or school or have to go >> al just amuses himself. >> cracks himself up. "today" guys, a conversation that we're really looking forward to we'll sit down with zac efron, jeremy allen white and their co-stars and talk about their highly-anticipated movie called "the iron law". >> right now if al can stop giggling. >> i'm thinking about dylan and interviewing zac efron >> i remember that. >> didn't go well. >> i forgot about that you're right al, do you promise you'll go around the horn after the weather. >> absolutely. >>> let's look at your holiday weather. so, northwest rain and snow. rain over the desert in the sout
we're putting you on that smucker's jar. all right. i love it.wicked" movie. >>> adriana is here a jacket with an extra hidden way to keep you warm it comes with craig melvin inside. >> that's not true. >> snuggle up in that sweater. >>> ahead on the third hour -- on the third hour, we have a new edition of asked and answers doctors are taking your questions when it comes to winter illnesses, like when you should stay home from work or school or have to go...