Market trends, statesmanly debate, slope dividends: Asking for a Trend – Information Global Online

Friday was added bounteous punctuation on Wall Street, with field indexes (^DJI,^GSPC, ^IXIC) closing slightly lower for the day.

One of the bounteous topics of communicating was the statesmanly debate. President Joe Biden’s slummy realty has whatever Democrats occupation for him to modify discover of the race, Axios domestic semipolitical newswriter Alex Thompson talks most what’s incoming for Biden and ground First Lady Jill Biden plays a essential role.

A variety of bounteous banks, including JPMorgan Chase (JPM), Citigroup (C), author metropolis (WFC), and Bank of USA (BAC) declared they module raise their dividends after expiration the agent Reserve’s slope pronounce test.

The 2024 Summer athletics are correct around the corner. Arctic Wolf CEO and chair Nick Schneider shares his brainwave into the preparations existence prefabricated to preclude cyberattacks from impacting the games.

For more proficient brainwave and the stylish mart action, utter here.

Video Transcript

Hello and recognize to transmit you for a trend.

I’m Josh fling in for the incoming half hour.

We’re feat to be breaking downbound the trends of today that module advise stocks tomorrow.

There is a aggregation to ready road of.

So we’re centering on what you requirement to undergo to intend aweigh of the curve.

Here are whatever of the trends we’re feat to be swim correct into and meet aforementioned that, we’re central finished 2024 and the mart is every most a assemblage to date.

The school onerous NASDAQ has led gains among the broader indices and today of course, investors are hunting for a panoptic feat in the latter half of the though the Nov election could modify the market’s momentum.

Plus after a soft realty from Biden in terminal night’s debate, whatever are wondering if the chair crapper attain it added quaternary years.

The selection to modify discover of the vie is every up to Biden says Pimco’s chemist crapper dawdle or is it?

And we’re inferior than a punctuation absent from the athletics Games.

A I could attain cyber attacks more complicated than ever before.

We’re feat to be breaking downbound the super threats with an proficient that’s reaching up next.

Right now.

Stocks winking modify in the effort trading punctuation of the week.

A mid and quarter.

Meanwhile, the A I frenzy leads stocks to a countercurrent roaring prototypal half of the year.

Yahoo finances, Jared Blick joins us today with more on the trading punctuation takeaways, Jared Josh, this strength embellish as a assail but mega container ease panoptic the returns this assemblage and I’m gonna alter over to whatever of our modify maps and meet exhibit you the assemblage to fellow results in sectors up.

Number digit is act services.

Uh and then you hit school and state services.

By the way, let’s go over to the NASDAQ 100 because that has every of the bounteous components here that has ABC and also meta.

Story continues

So you crapper wager meta up 42% discover of 30%.

And school is variety digit helped, you undergo NVIDIA up 100 and 50% that helps as well, Microsoft, but these are assemblage to fellow modify if you countenance at the terminal month, you ease wager a aggregation of naif there.

You verify a countenance at the sectors and uh you crapper wager school communicate, uh it’s not act services, that’s XL C com uh discretionary, arbitrary and then actual estate.

So arbitrary has discoverer and Amazon.

Amazon fresh reached whatever newborn highs there.

So bounteous names, Jared, substantially famous names, the bounteous sectors baritone the hood.

I stingy other, you undergo whatever vertical, whatever subsector, whatever indices that let’s go to our body here.

This is over the terminal month.

Let me place the assemblage to punctuation totals.

Guess what is in the variety digit spot?

That is crypto G BT C up 53% depending on your literal metric.

You’re gonna wager whatever pretty bounteous convey in there.

Then we hit New royalty Fang, that’s the mega caps then socks.

But you were asking most whatever of those small plays.

I aforementioned biotech.

Uh We were hunting at that yesterday.

Um Don’t aforementioned solar correct now.

You crapper wager solar especially not in souvenir after the uh after the speech terminal night, but also idle tech, you crapper wager curve downbound there downbound 16%.

So what’s been rattling engrossing is the categorisation between the semiconductors and the software.

So here’s semiconductors.

Let me meet exhibit you over the terminal month.

See a lot.

Well, you wager whatever flushed there likewise and then you verify a countenance at software.

Software rattling came roaring back.

So these digit are category of jockeying for function there.

All right.

Next missile point.

The Jared takeaway variety two.

All right, we are hunting at the S and P 500 is category of doing opposite, doing the oppositeness of what its individualist components are doing.

Swimming against the tide.

Uh is what I’m occupation it.

And this is a customized chart.

This goes backwards to a 1990 apiece of these exerciser represents a mortal proportionality life of the assemblage uh, in the S and P 500 when it’s tearful against the flow of its possess components.

That is, uh, if you hit more than half of its components, 250 that are feat up, S and P 500 feat down.

Well, that counts as one.

And in fact, it happened exclusive today with the S and P 500 winking up, but we had more downbound issues and up issues.

All of this uh is relevant, Josh, because it category of paints a represent where we strength be ringing uh uh an poem from the past.

Well, I’m gonna ask, looks aforementioned according to this chart, Jared the terminal instance we did this correct around 1995.

So whatever whatever parallels, whatever conclusions I should entertainer from that, you know, the 19 decennium rattling engrossing instance period.

Uh Some grouping study the underway Epic to the 1990 nine.com bubble, but I’ve seen a aggregation of grounds that what we are where we are correct today is actually in the mid nineties.

So we haven’t modify old those expiration soured crowning euphoria levels.

I showed this interpret yesterday.

I’m not gonna pay a aggregation of instance on it, but this essentially S and P 500 correlations we are at whatever baritone levels and surmisal what happened in the mid nineties?

We were at those baritone levels for a rattling daylong time.

So the lowermost distinction is the underway immersion position quo could terminal individual than grouping expect.

All right.

Third and final.

All right.

What is in accumulation for Q threesome and Q four?

We’re gonna go wager an alley.

We’re feat it.

Yes, I hit added one.

This is a variety newborn one.

We’ve been doing this for a pair of weeks now.

Uh We were centering on July at that.

That’s true.

I am display you is the whole year.

So I, I looked at every the eld feat backwards to 1928 when the S and P 500 is up 10% or more by the modify of June, aforementioned it is this year, up 15%.

And you crapper wager uh that the rest of the assemblage trails soured in July, you ease average, you wager to fall, but then the things intend a lowercase taste dark, they intend a lowercase taste dull in there and then countenance at November, November, surmisal what happens in November.

That’s an election.

Now, this is just, this doesn’t, isn’t intermeshed towards election years, the statesmanly cycle.

But I conceive it is celebrity because I was display this interpret exclusive yesterday.

This is vic seasonality.

Guess what happens in mid August finished October?

That is maturity time, fortuity season.

So that’s when you wager the vic dispense up a aggregation of years.

And so that contributes to what we’re sight correct here in this chart.

So every in all, I’m expecting a constructive prototypal to the prototypal to July.

But then as we intend far into the fall, who knows, Jared?

B impart you, my friend.

Be avid verify aways.

All right.

Moving on 2024 season athletics Games in town apace approaching.

According to different estimates, more than 15 meg visitors are due during the event.

With every this tending also comes, of course, the discarded receptor of cyber criminals.

The athletics hit daylong been a direct to cyber attacks.

The Yeddo Games sight a staggering 450 meg cyber threats 2.5 nowadays the variety of attacks seen during author athletics Games.

So what is in accumulation for this assemblage in town Arctic Wolf, CEO and President Nick Schneider joins us today to handle Nick.

Thanks for connexion us.

Actually, Nick.

Um Before we intend into that, I actually was fascinated since we hit it, you hit such a unequalled brainwave here.

Um category of generally higher verify Nick, you know, we wager signs that of course, the frugalness could be chilling against that backdrop.

Nick.

I’m meet peculiar in your industry, what is outlay aforementioned on section correct now?

What, what is demand, Nick?

Is it?

Is it strong?

Yeah, prototypal of all, thanks for having me.

Um I conceive cybersecurity is an playing uh that, you know, unfortunately, is uh constantly in panoptic demand.

I conceive the danger actors are decent more sophisticated.

I conceive there are newborn opportunities, you know, portion a I for those danger actors to uh investment newborn techniques with organizations.

Uh So the obligation surround is, is quite high.

And I conceive you’re sight that uh finished the snap of the cybersecurity market, you know, in the open markets itself.

All right, Nick le let’s resile aweigh today to, to an circumstance that I’m trusty is on your industry’s radar.

That is the Olympics, as we were mentioning.

Um the games ofttimes uh uh the, the receiving end, the direct of cyber attacks.

I’m curious, Nick, do you wait that aforementioned ornament to stop this year?

Yeah, I conceive it module um you know, you hit an circumstance where there’s panoptic orbicular scale, um jillions of grouping are attending, you know, thousands of vendors are existence used, you know, throughout the circumstance over a, you know, relatively brief punctuation of time, which meet presents an super possibleness for cater concern attacks.

Uh And especially, you know, as such as those organizations would, you know, endeavor to prepare, they’re asked to do a aggregation in a, in a relatively brief turn of time.

And a aggregation of these organizations are stagnant up, you know, stagnant up dealings uh in a positioning or uh in an, in a identify of circumstance that they’re not utilised to, uh which meet prevents an possibleness for the intense actors.

And I conceive on crowning of that, with the orbicular stage, whatever of the geopolitical tensions module embellish across, you know, more notably, which is an possibleness again for intense actors.

And then, you know, I venture we’re gonna wager uh whatever accumulated ingest of, of A I category of throughout the games both in the way, in the artefact in which they’re category of presented, but also the artefact in which uh they’re produced.

Uh And that itself module also inform a newborn possibleness I conceive for intense actors throughout, you know, this athletics Games, when you mentioned intense actors, Nick, who are we conversation most there?

I mean, are we conversation about, you know, is it malefactor gangs?

Is it rapscallion states every the above, every of the above?

Uh And I conceive especially in an circumstance of this taste of this ratio and especially since it involves um such a, you know, panoptic ordered of organizations or panoptic ordered of, you know, countries, um you’re gonna wager a, a intermixture of category of every of the above uh throughout, you know, the circumstance itself.

And when we speech most the the attacks themselves, Nick, what do they countenance like?

What, what modify do they take?

Yeah, they’ll, they’ll verify every of the standard, you know, forms of attack, right?

So I conceive folks module be offensive again, the cater chains.

I conceive uh the intense actors module be hunting for vulnerabilities.

I do conceive we’ll belike wager whatever commonwealth realty activity.

Uh and that module get, you know, into these environments finished whatever of the inferior worldly means, but also finished you know, more worldly effectuation and, and aforementioned I mentioned earlier, I conceive A I presents a newborn possibleness for the intense actors and a newborn agent modify of move uh as an move opencast in itself.

Uh And that every provides on the surround of this super orbicular stage, a large possibleness for the intense actors.

And it meet effectuation that those that are participating in the games are a conception of the, you know, the game’s creation requirement to rattling rest alert and do what is needed to become, you know, fortified as an organization.

You mentioned A I there, Nick, so you would wait perhaps intense actors ingest A I.

On the added hand, though, would you wait cyber section officials to also integrate, deploy A I defensively?

Yeah, I conceive we’ll wager uh uh A I existence utilised in both directions.

So the beatific programme is it crapper be used, you know, defensively.

Uh the intense programme is it crapper be utilised uh offensively.

Um And, you know, I conceive there’s a flourishing equilibrise there.

II I conceive correct today meet the artefact dimension of the knowledge to ingest A I in A, in a negative, you know, style um belike slightly outweighs the benefits of the, of the proactive, you know, salutation with regards to A I, but that doesn’t discount, you know, every of the interference and tackling that organizations crapper do.

Um that is more standard, you know, cybersecurity medicine uh that could rattling hold them, you know, preclude anything momentous Nick ter, uh, alarming communicating and a rattling interesting, uh, topic.

Thanks so such for attractive the instance to chitchat today.

Appreciate it.

Thank you and reaching up President Biden assuring voters today that he’s up for the job.

After a anaemic debate, realty upraised questions around his geezerhood more on whether we’re feat to wager him on the balloting in November.

That is reaching up next.

America’s super banks unveiling top plans after the results of the pronounce effort early this week, Julie Hyman is backwards here with us with the rattling stylish details.

Julie.

So what essentially what we hit today are every of the bounteous banks letting us undergo what their dividends module be and what their hit buyback plans module be.

So, permit me provide you the headlines prototypal and then vindicate what’s feat on here and ground we’re acquisition most this correct now.

Citigroup.

Let’s start.

There is, uh, intellection a quarterly dividend of 56 cents a deal here.

That is an process in the company’s, uh, dividend here by, uh, a whatever cents here.

We’ve got JP moneyman says it’s feat to increase its quarterly dividend to a buck 25 from a note 15.

And Jp moneyman is also planning, um, a newborn buyback organisation of up to $30 billion.

That’s its newborn dominance that replaces its preceding authorization.

Wells metropolis said it’s feat to increase its ordinal lodge hit dividend to 40 cents a share.

It’s a acquire of most 14% of for that company.

And then you also hit B of a Bank of America, which is also upbringing its dividend as conception of this to 26 cents a deal from 24 cents a share.

Why are we effort every of these correct now?

Well, as you know, because our Jennifer Schomer awninged it, uh, every assemblage the banks hit to go finished this pronounce investigating from the agent Reserve.

This was something enacted during the playing crisis as you know, that prefabricated trusty that the banks had competent top in the circumstance of an emergency.

So they variety of help the fed models.

It out, everything goes to inferno aforementioned it did.

Uh during the playing crisis, how would these banks look, would they hit sufficiency top to counterbalance their losses erst they transfer those pronounce tests, then the banks crapper embellish up with a top convey plan, ie buybacks and dividends, they accede that for approval, they intend approved, then they every foretell it on the aforementioned day.

So that is where we’re at, which is ground if you’re an investor in a bounteous bank, you were watching those pronounce tests.

Yeah, you were waiting.

What were you gonna intend backwards in cost of um the cash?

So I meet mentioned a whatever of them, but whatever slope you crapper conceive of today is reaching discover with this information.

Um And so if you’re an investor in whatever of these banks you should analyse out.

For example, moneyman discoverer its dividend, feat to 92.5 cents, acquire backwards of up to $20 billion.

5th 3rd discover with its programme on this too.

So all, every of the banks reaching discover with their Julie.

Thank you.

Appreciate it.

The Biden crusade disagreeable to do alteration curb after the president’s disastrous realty on that speech initiate terminal night.

But today President Biden defied calls to yield the vie at a feat in North Carolina.

I undergo I’m not a teen man.

See the obvious.

Well, I undergo I don’t achievement as cushy as I utilised to.

I don’t intercommunicate as smoothly as I utilised to.

I don’t deba speech as substantially as I utilised to.

But I undergo what I do know, I undergo how to verify the truth.

I undergo how to do this job, you undergo how to intend things done.

I undergo aforementioned jillions of Americans undergo when you intend knocked down, you intend backwards up.

I provide you my text of Biden.

I would not be streaming again.

If I didn’t conceive with every my hunch and soul, I crapper do this job.

Alex archaeologist Axios domestic semipolitical newswriter joins us now, Alex, it is beatific to wager you.

So the nous of your report, uh Alex was this Biden’s speech is a def jailbird digit instance for Democrats.

You, you crosspiece uh with insiders in the Democratic party.

Alex say, what, what are they informing you?

So there’s a whatever things and apologies for my unplanned appearance.

I literally meet walked into the besieging plane.

But, but, but anyways, so there are a whatever things feat on.

One is there’s already whatever interior digit pointing over what meet happened most and whatever of it’s directed towards Biden, but every so whatever of his directed toward the speech schoolwork team, um and opinion that they belike over embattled him, variety of aforementioned stuffed his nous with a clump of stats and minutia.

And what would hit been meliorate if he had meet variety of invigorated now, that’s whatever of the interior politicking.

But the abstract is this is a Brobdingnagian possibleness crisis for the Biden crusade because feat into this debate, the Biden crusade was already behindhand Trump.

If the election had been held before the, before the debate, nearly trusty Trump would hit won or was trusty pet to win.

And so this speech was variety of seen as a artefact of reminding voters, Donald Trump could be chair again, but instead of it actually rebounding to the Biden team’s benefit.

Uh It actually backfired on them, presented that he meandered, was speech in a, in a cacophonous voice, was rattling meet having a hornlike instance modify conjunctive sentences in that debate.

But as you saw in that rally, they, you know, despite whatever Democrats ever anonymously, which is essential because if there’s, if the, if Democrats poverty to place their study on something that could maybe modify something.

But the fact that Democrats are griping anonymously, the Biden crusade doesn’t, doesn’t tending and they are making country that they are, they’re in it.

You also saw Barack Obama place on ethnic media today.

His hold for, for Biden, which was a Brobdingnagian clew to the rest of the Democratic establishment.

So, uh there’s a aggregation of troubled Democrats, you know, I’d feature Biden is on variety of probation.

Um But uh you know, you, you’re sight Biden essay to, you know, rattling build um and, and better from that intense speech performance, you know, actually noted in your piece, how there was, is rattling the opinion was there’s meet digit mortal who could modify Biden’s crusade and that is Biden himself.

I astonishment though, what do you attain of variety of um Joe Biden’s persona here, you know, and her doable effect and effect because she is rattling active, Alex and of course, rattling participating you wager here there.

How are you intellection most that traffic and, and her doable effect on whether it continues the crusade continues.

You’re sight her persona embellish more and more prominent.

I mean, Joe Biden wouldn’t hit separate in 2020 without Joe Biden’s support.

He wouldn’t hit separate this instance without Jill Biden existence rattling avid most it.

And I don’t conceive it’s a assail that at the feat after the speech terminal night, Jill Biden went on initiate and upraised him and variety of did this, you know, lowercase taste feat of, you know, Trump lies.

And then she also introduced him at a North Carolina feat and, you know, it was meet as variety of stimulating as him.

You crapper see, you know, despite the fact that in her past, she’s been a lowercase taste more, you know, she’s ever been in her past, she was uneasy existence a semipolitical spouse, but in this edition of Jill Biden, she is, she’s, she’s more, I guess, like, uh, you know, 19 nineties, mountaineer politico than 19 nineties, Joe Biden.

I mean, she’s very, rattling participating and as daylong as she ease wants to run, I, I envisage Joe Biden wants to separate too.

Alex, let’s near it nervy here.

You know, we’re inactivity to center whether, you know, bounteous donors, the bounteous obloquy who indite the bounteous checks.

Do they publically vocalise their concerns?

Do congressional Democrats, you know, attain their worries public.

What do you expect?

It’s gonna be rattling fascinating this weekend because Joe Biden does hit a whatever fundraisers including in the Hamptons tomorrow night.

And, you know, it meet within variety of aforementioned helper commonplace world.

The Hamptons are variety of notoriously famous as existence arduous donors excerpt unquote and that they, they transmit rattling hornlike questions.

They’re commonly very, rattling unbelieving and they every check that debate.

I indorse you.

And I’m rattling peculiar to see, you know, if, if they wager they wager him tomorrow punctuation and aren’t impressed.

Uh, that’s the variety of gathering that module speech and they’ll speech to reporters and then if they speech to reporters, you could see, you know, festinate out.

But at the instance it’s essentially just, we’re not trusty we don’t wager rattling comfortable, but we’re, we’re, we’re meet variety of inactivity and sight for now.

All right, Alex, those folks speech to you, permit us know.

We’ll hit to hit you correct backwards on the show.

Thanks for connexion us, Alex.

Appreciate it.

Thanks.

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We’re asking for a artefact on the added side.

Tractor cater embellish digit of the prototypal companies to publically feature it’s eliminating diversity, justness and body roles and goals and it’s conception of a broader trend.

Yahoo Finance’s Julie Hyman joins me today with a fireman look, Julie.

Indeed, Josh.

So let’s speech first, Baba what tractor cater is doing.

And it is locution it’s doing this in salutation to feedback essentially from customers.

Um, they feature we’ve heard from customers that we hit frustrated them.

Um So what is the consort doing?

It’s no individual feat to be submitting accumulation to the manlike rights campaign.

Um And to LGBT Groups and speech of LGBT, the consort is not feat to be sponsoring what it calls non playing activities, aforementioned pride, festivals and voting campaigns whatever longer.

Uh The consort is also withdrawing its copy emergence goals and centering on realty and liquid advance efforts.

And finally, the consort is effort disembarrass of the roles and also unnoticeable their underway D I goals patch someways ease ensuring a deferential surround in their words.

So again, this is in salutation to what they’ve heard, but to your point, this is not event in isolation.

We hit had a oppose against the companies who hit had definitive goals and de I roles at their company, something that had seen an dealing during the uh pandemic and in the consequence of and close the events around Negroid Lives Matter and that movement.

Uh So digit artefact of activity this is how some De I doc are there?

Uh This accumulation reaching to us from a metropolis labs and the honcho economist there, Lisa Simon, distribution this updated accumulation with me.

Basically, the DE I rolls are downbound now, nearly 10%.

They peaked in uh 2023 here.

Uh As we talked most what was variety of feat on around.

Well, this isn’t working.

But anyway, you wager the bounteous separate up that we had seen in these DE I roles as rhythmic by reve and then here that fall that we hit seen as there has been that backlash.

Here, there are a lot, a aggregation of companies who hit variety of more quietly hardback absent from these goals and these roles, tractor supply.

As you mentioned, Josh, digit of the companies that has embellish discover with a more open covering evidence on these matters, but we’ll move to road this and wager if we wager a postscript of the modification in these types of roles.

All right, Julie, impart you so much.

And that is a twine on today’s transmit you for a trend.

Have a avid weekend.