key stock market drivers and how he’s trading the market

It’s been a tough year for markets, as investors grapple with a strong U.S. dollar, stubbornly high consumer prices and the prospect of higher-for-longer interest rate hikes. “The market backdrop is very much dominated by the actions of central banks and what appears to be increasingly hawkish rhetoric. It will be the path of inflation, … Read more

FedEx, Boeing, Domino’s and more

Visitors walk past a Boeing board during the Farnborough Airshow, in Farnborough, on July 18, 2022. Justin Tallis | AFP | Getty Images Check out the companies making headlines in midday trading. Boeing — The aerospace company was down 6% after it reached a $200 million settlement on charges of misleading investors following two of … Read more

FedEx, Costco, Boeing and more

Check out the companies making headlines before the bell: FedEx (FDX) – FedEx remains on watch this morning after announcing a 6.9% increase in shipping rates and plans to cut another $4 billion in annual costs. FedEx fell 3.2% in the premarket. Costco (COST) – Costco lost 3.3% in the premarket despite reporting better-than-expected profit … Read more

Futures are flat following another day of losses after Fed rate hike, sell-offs

Stock futures were largely flat Wednesday night as investors continued reacting to the Fed’s rate hike and concerns over a potential economic downswing. The Nasdaq 100 was up 10 points or 0.09%. Dow Jones Industrial Average futures rose by 41points, or 0.14%. S&P 500 futures increased 4 points, 0.11%. Costco stock was down about 2.6% … Read more

FedEx (FDX) reports Q1 earnings

A person walks by a FedEx van in New York City, May 9, 2022. Andrew Kelly | Reuters FedEx on Thursday announced rate hikes and detailed its cost-cutting efforts after the shipping giant warned last week that its fiscal first quarter results were hit by weakening global demand. Shares of FedEx were up about 2% … Read more

FedEx’s warning reflects both global economy and internal shortcomings

A FedEx worker makes a delivery on September 16, 2022 in Miami Beach, Florida. Joe Raedle | Getty Images FedEx warned of weakening global shipping demand in a preliminary earnings report last week, leaving the market scrambling to determine whether the problems reflect internal company shortcomings or a broader economic diagnosis. CEO Raj Subramaniam pointed to … Read more

Oversold conditions are starting to emerge for stocks ahead of the Fed’s decision

This is the daily notebook of Mike Santoli, CNBC’s senior markets commentator, with ideas about trends, stocks and market statistics. Stocks try to shake off a mild post-options-expiration morning hangover to gain a bit of traction, but the tape remains wary of bond yields hitting new highs ahead of an expected hawkish Federal Reserve decision. … Read more

My big worry with the Fed and why we’re in a holding pattern

There’s a broad perception that Federal Reserve Chairman Jerome Powell does not care one whit about corporate news. He’s strictly a creature of broad government economic reports — the consumer price index, the producer price index, industrial production, retail sales and, of course, the nonfarm employment numbers. He also cares about what his fellow Fed … Read more

Weekend reads: This may cause the next financial crisis

The Federal Reserve invigorated the economy before and during the coronavirus pandemic by purchasing Treasury bonds. The central bank was the main purchaser of newly issued U.S. debt and created trillions of new dollars while doing so. The Fed is now allowing its securities portfolio to run off as bonds mature as part of its … Read more

How Powell and the Fed may react to FedEx warning

CNBC’s Jim Cramer on Friday said that FedEx’s warning of worsening economic conditions suggests the Federal Reserve is doing better in its inflation effort than expected — meaning the central bank could take a step back after its meeting next week. “If Fed chief Jay Powell watched our interview last night … he might discover … Read more