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Transcripts For CNBC Squawk Alley 20240711

Arizona for biden. Dow is up 191. Were going to start with disney though and a surge for shares this morning following the strong earnings last night and that enormous pop for disney plus subs. Julia boorstin is going to break that down for us hey, julia carl, disney plus accrued 73 Million Subscribers. The companys 120 million paid Digital Subscribers are a bright spot the company says suspension of the next semiannual dividend is in part to priority the direct to consumer initiatives. Its very clear what the new content has subscribers. I think youll see continued increase in investment and then that will fuel some of the growth that christine will talk about at the Investor Conference that we expect on december 10th. The company says theyre reassured by booking trends that cruise ship bookings for next year are very strong pushing to open disneys closed california parks, he called californias restrictions arbitrary. Were very encouraged by the prospect of a potential vaccine. Were e

Transcripts For CNBC Closing Bell 20240711

Gdp to be negative this the First Quarter of 2021. It is friday before a holiday week 59 minutes left in the session down a quarter of a percent on the s p 500. No gobbledy gook coming up for the next two hours here either. Coming up on this show, instead we are going to dive into the latest on the coronavirus and pfizers push to get emergency use authorization for its vaccine with the fda commissioner and pfizer board member dr. Scott gottlieb. Plus, new york city shutting st. Louis down the head of the Teachers Union in new york will be here to weigh in. Lets check on futures mike santoli tracking the margaret as always meg tirrell with the latest on pfizers vaccine and bertha comes has the latest on what President Trump just announced. Mike santoli, lets start with you. Not disturbed so far by the news last night about the treasury pulling the funds from the fed. If you look at the pattern here, it is about a flat week as well. Trading just below the highs we hit on monday. Before t

Transcripts For FBC Kennedy 20240712

Enormous president ial election. You want drama baby, i will give you 2020 prescription strength drama. Here at the very latest is Foxbusiness White house correspondents, the one and only blake burman. Like break it down, what just have embraced back either kennedy good to be with you. It was exactly one month ago september 26 when President Trump announced that he would be tapping Amy Coney Barrett to head to the Supreme Court of course to replace the late Justice Ruth Bader ginsburg. Now that is all beneficial at this hour. Here in washington. As the proceedings are underway. The white house is not yet said what will happen later this evening. However there is expected to be some sort of formal celebration over at the white house later this evening. Once everything has become official. As for President Trump, he was out on the campaign trail earlier today. Three different stops in pennsylvania. This is how he was celebrating his third Supreme Court nominee. Watch price to back that w

Transcripts For FBC Kennedy 20240712

Enormous president ial election. You want drama baby, i will give you 2020 prescription strength drama. Here at the very latest is Foxbusiness White house correspondents, the one and only blake burman. Like break it down, what just have embraced back either kennedy good to be with you. It was exactly one month ago september 26 when President Trump announced that he would be tapping Amy Coney Barrett to head to the Supreme Court of course to replace the late Justice Ruth Bader ginsburg. Now that is all beneficial at this hour. Here in washington. As the proceedings are underway. The white house is not yet said what will happen later this evening. However there is expected to be some sort of formal celebration over at the white house later this evening. Once everything has become official. As for President Trump, he was out on the campaign trail earlier today. Three different stops in pennsylvania. This is how he was celebrating his third Supreme Court nominee. Watch price to back that w

Transcripts For CNBC Closing Bell 20240712

Its been a wide range today. Former citigroup ceo sandy weill will join us to discuss the water shed moment at his former company which just became the first major u. S. Bank to appoint a female ceo plus, well speak with jason robins from draftkings ahead of tonights nfl kickoff. And we are counting you down to some exciting earnings after the bell today including peloton, oracle, and chewy. Two out of three are big stay at home winners plus an interview with chewys ceo as soon as the numbers hit the tape lets get straight to the market in the final hour of trade another volatile session on wall street mike santoli tracking the action for us what caused the weakness here in the last few momentors so . That morning rally was really limp it did not pass any of the tests. It stopped where yesterdays highs were nobody had any faith this was really going to be upside momentum then you had a rally in the treasury market. Yields got compressed a little bit. And the dollar is also been higher

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