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CNBC Squawk On The Street June 22, 2024

Tries to recover from yesterday. The premarket is up. Alcoa and pepsi on the tape. They continue to lean on short siders. The tenyear is up and crude is up and oil is back. The imf trimming the global and u. S. Forecast seeing World Economic growth of 3. 3 for the year. U. S. Growth seen as 2. 5 compared to a prior 3. 1 . Not a surprise echoing what the oed and others have done. You have Christine Lagarde telling our fed, guys think twice before you raise. You is want to remember they are a toug...
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CSPAN2 Key Capitol Hill Hearings June 22, 2024

Brought to you as a pub Health Care Service by your local cable or satellite provider. Host fcc commissioner Michael Orielly, it has been a while since you have been here. We have thought had you on since Net Neutrality became the law of the land. How is that going . Guest it is early to know how the rules are going to play out and what the impacts are. We have a court case still going on and we will see how that moves through the process and on the litigation side. Host there is talk on capitol...
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BLOOMBERG Market Makers June 22, 2024

Dartmouth, just a few minutes from now. Lets get you caught up on some of the top stories. One of the most serious crises on the Korean Peninsula in years, talks between the north and south are in its third day of talks. Demands that south korea and the propaganda broadcast. Harry reid has come out in favor of the Iranian Nuclear deal. He was one of the democrats who hadnt announced how they would vote. Upma has been trying to line enough lawmakers to make sure it doesnt get killed in congress. ...
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CNBC Squawk Box June 22, 2024

Another 32 points. The nasdaq looks like it would be down by 123 points. Again, this is across the board some rough times. If you thought you were going to see a rebound this morning, its not happening, at least not yet. Part of the reason what happened in china. Joe mentioned the shanghai composite plunging to a fivemonth low. Its now giving up all of its gains for the year. That decline of 8. 5 that came today follows a 4 decline from friday. Again, it has been rough. It has been difficult. We...
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CNBC Squawk On The Street June 22, 2024

Lost more than 1 trillion in market value. And an 8. 5 drop in shanghai last night. Wiping out chinese gains for the year. Jim, what is the story today . I think it is china. What id like to do because its a terrible market. It reads something that is in keeping with that. I sent tim cook an email trying to understand covering apple because that is a crucial part of it. And tim sent me this this morning right before the show. Ill read it. As you know, we dont give mid quarter updates, and he rar...
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FBC Varney Company June 22, 2024

This is appointing to how things open in a half hour. Down, way down. This is Dow Jones Industrial average futures. Its a look how things are going to work out 29 minutes from now. Were going to be down around 675, thats a significant 4 drop, its huge. Look at the price of oil. Fresh 6 1 2 year low, 39. 03. Now at 38 again. And that, go en, is a huge selloff, but i want to trigger right at the start and get into the drop in china. Look at these declines in asia. Starting with the shanghai at the...
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BLOOMBERG The Pulse June 22, 2024

Word of the day for traders. Chinese stocks extended the worst fiveday drop since 1996. The marx apparently unconvinced by the peoples bank of china decision to cut markets rate the apparently unconvinced. Stoxx 60019 indices are down here lets cross to our chief asia correspondent. Enda, a very good day to you. Markets simply unconvinced is the word. Enda unconvinced is exactly right. What the Global Markets wanted out of china was a Circuit Breaker. There is a feeling this crisis began in chin...
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CNBC Squawk Box June 22, 2024

Nearly 3,000 coming just in the first 90 minutes. The blue chip index closing down more than 500 points for the second straight day and over the last three sessions the dow and s p are down nearly 9 and the nasdaq is off almost 10 yesterday alone 685 billion is lost among market cap in s p 500 companies. Thats 100 billion more than apples market cap. If they dont tell you enough about the volatility check out the vix. Moving above 50 intraday for the first time. Check out the front pages of some...
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BLOOMBERG The Pulse June 22, 2024

Bloombergs European Headquarters in london. Manus what a week. Volatility has been the byword. European markets are trading higher, as asia attract the against today gain on u. S. Markets in more than six years. Francine lets get straight to mark bartons for all the barton for all the details. Mark what an amazing week. Chinese shares, the epicenter over the last week. Have a look at the shanghai composite. As i showed you, a five day chart. Because this week has been an extraordinary week. In t...
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CNBC Power Lunch June 22, 2024

If Kayla Tausche is at the nyse to tell us whats happening on the floor. Stocks for the dow and s p are in the red right now. The dow having its nay rowest trading range today since august 18th. The nasdaq has been flirting with the flat line for the last hour. It is just slightly into positive territory. The dow, the s p and nasdaq though even with todays trade all remain out of correction territory. Lets get the trading action at the nyse. Bob pisani joins me on the floor. Michelles getting re...
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