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Oct 17, 2023
10/23
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. >>> nelson peltz has bought a stake in allstate. the company reported five quarters of losses as it deals with the natural disasters. allstate hired investment bankers on how to handle nelson peltz. shares up in the pre-market. >>> anti-d taiwan semi will rep results on thursday. this will reflect a strong performance from last year when it benefitted from the post-pandemic demand. the chip industry will emerge from the down down next year. >>> straight ahead on "worldwide exchange," tim cook is rea reaffirming the commitment to china on the crackdown on foreign tech. >>> if you miss us, check us out on apple or spotify or other podcast apps. more "worldwide exchange" coming up after this. with comcast business... it is. is it possible to help keep our online platform safe from cyberthreats? absolutely. can we provide health care virtually anywhere? we can help with that. is it possible to use predictive monitoring to address operations issues? we can help with that, too. with the advanced connectivity and intelligence of global sec
. >>> nelson peltz has bought a stake in allstate. the company reported five quarters of losses as it deals with the natural disasters. allstate hired investment bankers on how to handle nelson peltz. shares up in the pre-market. >>> anti-d taiwan semi will rep results on thursday. this will reflect a strong performance from last year when it benefitted from the post-pandemic demand. the chip industry will emerge from the down down next year. >>> straight ahead on...
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Oct 13, 2023
10/23
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hartford, allstate, travelers. this chart here has annotations. let's put some on. what we have is the perfect setup for a break out similar to what we just saw in progressive. it's coming from a higher, low, high, low tension. the two names to look at that will do just that, first here is a ig. again, important levels. and also lows. a single. there is great action here. we are showing a tremendous growth in performance of banks and financial center overall. it's a very big and important area off the market. >> and stave, my take off insurance, i think of rights going up. that's what's happening. >> and when you look at the charts, progressive had that nice just charters. earlier on in the show, carter said, momentum is down we all think it's gonna be different this time. the flip side of that, on the way up, this church really looks impressive. i would pick that church over everything else that we showed on screen. i do like the pro korea he mentioned that aig is in. so it's a make-or-break moment on aig. but it seems to be progressive to me. >> one quick observat
hartford, allstate, travelers. this chart here has annotations. let's put some on. what we have is the perfect setup for a break out similar to what we just saw in progressive. it's coming from a higher, low, high, low tension. the two names to look at that will do just that, first here is a ig. again, important levels. and also lows. a single. there is great action here. we are showing a tremendous growth in performance of banks and financial center overall. it's a very big and important area...
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Oct 17, 2023
10/23
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this time at allstate. the report shows allstate has hired investment bankers to see how to handle peltz. allstate has not raised premiums fast enough to cover losses by paying out on natural disasters like wildfires and inflation has made it harder to replace costs. carl icahn did not publicly push for board seats or other changes two years ago. what nelson will do next is a big question. he is keeping the investment banking business in business at the moment. >>> when we come back, we have earnings alerts for you. we will hear from johnson & johnson and bank of america and goldman sachs. these are all happening this morning. we have other names out there, too. after the johnson & johnson report, we have a first on cnbc interview with the cfo joe wolk. you are wahisqwk b" tcng "uaox and this is cnbc. >> announcer: this cnbc program is sponsored by baird. visit bairddifference.com. what do you see on the horizon? uncertainty? or opportunity. whatever you see, at pgim we can help you rise to the challenges o
this time at allstate. the report shows allstate has hired investment bankers to see how to handle peltz. allstate has not raised premiums fast enough to cover losses by paying out on natural disasters like wildfires and inflation has made it harder to replace costs. carl icahn did not publicly push for board seats or other changes two years ago. what nelson will do next is a big question. he is keeping the investment banking business in business at the moment. >>> when we come back,...
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Oct 18, 2023
10/23
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shares of news corp, allstate and vf corps are up this week after investors announced stakes in those companies. shares of genetic testing company alumina are down today. 850 campaigns were launched just in the first half of this year. by comparison, the total campaigns last year was just 1,000. ken squire is the founder and cio of the deactivist fund and just hosted a summit on this topic just yesterday. ken, busy times. what's driving it? >> thanks for having me. first of all, the three quarters of public companies have direct denomination between december and february. so now you see activists starting campaigns. you know, our conference is -- so much is seen as the kickoff to the activist season. we had a dozen new ideas yesterday alone and we turned away people we just couldn't accommodate because of time. i do expect to see a lot more activism. >> why? >> first of all, it's been a successful strategy. high interest rate environments where management teams can not finance their way out of bad business plans, it's easier to get this done. when markets are done, it's easier to stop
shares of news corp, allstate and vf corps are up this week after investors announced stakes in those companies. shares of genetic testing company alumina are down today. 850 campaigns were launched just in the first half of this year. by comparison, the total campaigns last year was just 1,000. ken squire is the founder and cio of the deactivist fund and just hosted a summit on this topic just yesterday. ken, busy times. what's driving it? >> thanks for having me. first of all, the three...
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Oct 19, 2023
10/23
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allstate, for example, also moved up. again, premiums, not good news for us, obviously, consumers. other one here, big -- nike, big dow stock. remember what happened to nike, lamenting on going 105, it was, in the middle of august. and then dropped down to 90. the day of the earnings a couple weeks ago, the earnings report was just generally much better than expected. they had leaner inventories, better margins than people expected. it was 105, goes to 90 the day of its earnings and back to 105. it's a perfect v-shape in the last couple of months for nike. a lot of investors in that stock with their heads spinning around. back to you. >> thanks, bob pisani. >>> let's get a news update with contessa brewer. >> the fbi is seizing $1.5 million and 17 names in an investigation into thousands of north korean i.t. workers secretly working for u.s. companies to fund its weapons program. authorities say kim jong-un's regime dispatched i.t. workers to hide their identities and work remotely in the states to earn the money. officials did not name the companies that hired those workers. >>> t
allstate, for example, also moved up. again, premiums, not good news for us, obviously, consumers. other one here, big -- nike, big dow stock. remember what happened to nike, lamenting on going 105, it was, in the middle of august. and then dropped down to 90. the day of the earnings a couple weeks ago, the earnings report was just generally much better than expected. they had leaner inventories, better margins than people expected. it was 105, goes to 90 the day of its earnings and back to...
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Oct 16, 2023
10/23
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. >> you hear the cheers, reuters reporting, building a steak in allstate. insurance, we talked about it with todd boehly at the top. you might notice on the screen, there, ringing the bell at the stock exchange today, fast money tim seymour is there, that is in support of a leg to stand on, proud of what you're doing with that organization. i will see you back on the east coast, it does it for us, ot begins now. >> there's your scorecard on wall street, welcomed the closing bell overtime, i'm john ford with morgan brennan. coming up, we will talk about today's political headwinds that remain for investors, and were joined by longtime marcus to just. >> billionaire murders tighten an nba team owner will speak with us, about rising rates and impact on the housing market. later, a new era at the box
. >> you hear the cheers, reuters reporting, building a steak in allstate. insurance, we talked about it with todd boehly at the top. you might notice on the screen, there, ringing the bell at the stock exchange today, fast money tim seymour is there, that is in support of a leg to stand on, proud of what you're doing with that organization. i will see you back on the east coast, it does it for us, ot begins now. >> there's your scorecard on wall street, welcomed the closing bell...
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Oct 2, 2023
10/23
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allstate, progressive, berkshire hathaway's geico, travelers, they might expect to see a flood of claims. it illustrates the unpredictable weather catastrophes. in the first half of this year, guys, thunderstorms across the united states accounted for $35 billion in insured damage. that was 70% of the total across the globe. thunderstorms. it's a big reason why property insurance premiums are rising. plus, of course, insurance companies are trying to manage their own risk. they buy reinsurance for, say, billion dollar plus catastrophes and the cost of that reinsurance has been skyrocketing. over the last 12 months, the demand and the increased rates in reinsurance have sent those stocks soaring. look at arch capital group, up 75%. renaissance up more than 40%. everstreet, same thin. the ceo told me that the general expectation is for a 10% increase in demand for reinsurance heading into 2024. >> inflation has had a lot to do with this. there's a lot of demand for reinsurance products because we live in a heightened risk environment, so insurance values have gone up. there's social inflat
allstate, progressive, berkshire hathaway's geico, travelers, they might expect to see a flood of claims. it illustrates the unpredictable weather catastrophes. in the first half of this year, guys, thunderstorms across the united states accounted for $35 billion in insured damage. that was 70% of the total across the globe. thunderstorms. it's a big reason why property insurance premiums are rising. plus, of course, insurance companies are trying to manage their own risk. they buy reinsurance...
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Oct 4, 2023
10/23
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the insurance sector side thing, progressive, allstate, don't have as much. >> this is due to inventory. >> correct. >> 8% mortgages, we'll see how that plays out. >> there are so many crazy crosscurrents right now. it's almost like the entire economy in the u.s. and markets are in a state of transition. there are so many different factors that are affecting this tug-of-war. it only affects certain companies in certain ways when those narrative that is would be big are taking a backseat to what's happening with interest rate moves or the housing dynamic in america. >> thank you. >> no, thank you. i'm excited to be here with you. >> he's here. it's not like that -- >> it's not artificial intelligence. >> it's not that virtual wall that i learned existed. >>> sara, did we find out whether the japanese did intervene on the dollar? >> they haven't confirmed thinking. but they did keep us all guessing because we saw that wild move where the yen strengthened and the dollar weakened. whether they intervened or they just scared people that they were going to intervene, there was a move with no
the insurance sector side thing, progressive, allstate, don't have as much. >> this is due to inventory. >> correct. >> 8% mortgages, we'll see how that plays out. >> there are so many crazy crosscurrents right now. it's almost like the entire economy in the u.s. and markets are in a state of transition. there are so many different factors that are affecting this tug-of-war. it only affects certain companies in certain ways when those narrative that is would be big are...