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Transcripts For CNBC Squawk 20240704

Decliner with points and percentages this morning. Those futures are off 117 points. Take a look at treasury yields. They were higher yesterday, but you are seeing a pullback this morning. The tenyear yield below 4. 18 . The twoyear yield at 4. 58. Joe mentioned that bitcoin continues to climb. It is down by 1 . 6 6 6 66,834. We are watching the price of gold futures. Gold hitting the record high close yesterday. That april contract jumped at 2,131. Despite the high, it is still below the inflation adjusted high of 3,200 which hit back in 1980. Alltime high. For gold. Yeah. You know, with inflation slowing, but money printing, less likely with no cuts maybe coming this year. Potentially. Or three later in the year. Yeah. Looming behind all that and were adding 1 trillion to our debt every 100 days. I read that the other day. Thats still climbing. Theres no relief in sight for that. Bitcoin as you keep talking about the halving in the next two months. I was reading something yesterday t

Transcripts For CNBC Closing 20240704

It did dip below it for the First Time Since october. Almost every other mega cap down today in the session. Really, vimeo the only one threatening to finish positive today. We will watch this over the final stretch here, the stock did rarely go green, it was a while ago so we have to watch that. Names like salesforce and tesla proud, pretty open today. Target, not so great, but the market seems to have seen enough of those shares today. It takes us to our talk of the tape. Fed chair powell speaking on capitol hill tomorrow morning, maybe some of todays weakness, trying to get ahead of that appearance, perhaps. Lets ask anastasia, chief investment strategist with me here at our cnbc headquarters. Good to see you. Good to see you. Dow is down 500, nasdaq, center of the action, down 2 , yields are falling and the data today was weak. The data was not great in some spots. Ism, broadly speaking, was weaker than expectations. If you look at the details, it was the employment subsector that

Transcripts For CNBC Squawk 20240702

In the late 90s. Its a whole smatters of tech joy companies from not just france but throughout. I should also mention that elon milk has just been added to the program. Were going to be laering from elon musk. And also moe di tomorrow. Many have said they dont understand it. They cant see inside the box. This new research theyve developed can see inside the box to understand what ai is doing. They can look at the difference. Up until now thats been impossible. Thals what im doing in paris, and weve got a lot more throughout the day. Just in terms of seeing what it does, how will they do it . The imaginations they can cook up, can they track it down . Thats exactly what this research seems to suggest that theyre going to be able to do. That they ee going to be able to understand hall like i. It may explain why one model writes one sentence and another writes another sentence and whats driving the different understandings of the nils that its taking in. Well talk to dario about it in ju

Transcripts For FBC Varney 20240702

Ships, disembarking and wandering around the city was welcome to new york, navy people. Check the market. Very little Price Movement, dow is down 5, nasdaq is up 13. The 10 year treasury yield coming in today at 4. 4 . The price of oil further away, and bitcoin at 695. In the last hour, the building was on lockdown. Capital police cleared the suspicious package and confirm two vials of blood. Something important for realtors, the latest read on existing home sales. Lauren it fell to a seasonally adjusted annual rate of 4. 14 million. Spring buying season slowing down, price goes up, median price 470,683. Stuart that is a very low number, 4 million home sold on an annual basis. Almost getting up to seven. Now this. Senator Elizabeth Warren declared war on big food. The center demands a task force to investigate giant Grocery Store chains and Food Producers which she says raise prices to have their profits. And 78 of americans taking action against giant Food Producers engaging that. Thi

Transcripts For FOXNEWSW Cavuto 20240703

The c. R. Didnt pass, its just like in life, if you quit after the first time, its only a failure if you quit. Were in the middle of the republican civil war that has been ongoing for months, and now it threatens catastrophic Government Shutdown. Got to stop the spending. Its bankrupting this great country of ours. Any more time the speaker spends trying to cobble together farright wish lists that cant even pass the house would be a grievous mistake. Its tame for republicans to top playing these games what my colleagues on the other side of the aisle are doing with blank checks, more borrowing, more taxing, for more spending, destroying the future of this country. That stops now. Neil shutdown on. Well, the Government Shutdown is looking pretty inevitable right now, just 14 hours away potentially. Right after midnight tonight, 3. 5 million workers could be off the Government Payroll unless or until congress can pass a spending plan. Heres what we know right now though, House Speaker Ke

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