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CNBC Squawk On The Street June 22, 2024

Hathaway acquiring precision. We knew this. Nfl deal kind of interesting. Yes. Ahead of earning, reports for tomorrow. Al boib. First up Berkshire Hathaway saying it has agreed to acquire precision cast parts. They say the deal has an enterprise value of 37. 02. They say it takes berkshire out of the market when it comes to m a. Well probably be buying a few small things in the next six months. I mean, were in negotiations on a couple but in terms of a deal of similar size, it pretty much takes ...
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CNBC Closing Bell June 22, 2024

Today. And someone investors believe a lot. Jeremy siegel calling for dow 20,000, sounding a cautious note despite the big rally. Find out why. Exclusive interview with him coming up. And can we get to his target . Twitter, by the way, have you seen that . Up 8. 5 right now, popping on news of more insider buying. Plus this partnership with the Company Announced this morning with the nfl. Is this the comeback that the beatendown stock has been waiting for . We have both sides of that were bringi...
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CNBC Worldwide Exchange June 22, 2024

Search business. And prudential prepares to deliver firsthalf earnings in about 15 minutes. Profits are expected to surge by 10 , but investors eye the challenges ahead. Welcome to the show. Lets get straight to european markets, which were indeed quite strong yesterday. A slew of earnings and oil prices recovering by a couple of percent allowed equity markets to perform relatively well, better in europe than in the u. S. , but positive across the board. Now, today we are down 0. 6 for the broad...
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CSPAN QA June 22, 2024

2013 until december 10, 2014, you served as emergency manager of detroit. Kevyn yes. Brian why did you take the job . Kevyn i have been asked that a lot of times. I was a restructuring professional. Detroit is 83 africanamerican, a city that had gone through several decades of decline. It was a city that needed restructuring. I initially was a little reluctant to take the job. I thought it would be difficult and i was comfortable in my corporate attorney life, my family and i. My managing partne...
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CSPAN QA June 22, 2024

2013 until december 10, 2014, you served as emergency manager of detroit. Kevyn yes. Brian why did you take the job . Kevyn i have been asked that a lot of times. I was a restructuring professional. Detroit is 82 africanamerican, a city that had gone through several decades of decline. It was a city that needed restructuring. I initially was a little reluctant to take the job. I thought it would be difficult and i was comfortable in my corporate attorney life, my family and i. My managing partne...
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CSPAN QA June 22, 2024

And i was comfortable in my corporate attorney life, my family and i. My managing partner steve and my wife said, look, this could be a call to action. It is important. It is outside your comfort zone, but we have people making the ultimate sacrifice on behalf of their country. This is temporary. And you will still be in an Airconditioned Office in the summer and heated in the winter. Sometimes you have to give back. After some reflection, it seemed like the right thing to do. Brian you are base...
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CNBC Squawk On The Street June 22, 2024

Cci up one point today. Oil is just above 42. In our road map this morning, target with a beat and a raise while lowes misses. Issuing words of caution, and11s years ago today google went public. First up target posting better than expected numbers. U. S. Comps up 2. 4, driven by items includes apparel. And then theres lowes a Quarterly Earnings miss beating on revenue. Comps up 4. 3 but issuing guidance slightly above consens consensus. 25 straight quarters of underperforming depot. Everyone un...
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CNBC Worldwide Exchange June 22, 2024

Companies progresses. L brands raises its full year outlook as Second Quarter profits beat expectations. Sales at victorias secret, the main growth driver. The great rate debate wages on. We did get the fed Meeting Minutes out of july. Not as dovish as people were expecting. So the economists expecting a september rate hike has been reduced from 40 to 45 ahead of the minutes being released. Futures pointing to a lower open. Were down triple digits on the dow. The nasdaq lower by 28 and the s p 5...
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CNBC Squawk Box June 22, 2024

Last week. Then on monday that nearly 600 decline. Another 200 point loss tuesday before yesterdays big surge the dow is still down though. More than 1 this week. But the nasdaq has narrowly erased this weeks losses off by. 2 . I was on the floor of the New York Stock Exchange all week and its not just the crazy moves where we settle, its the intraday volatility. Everybody was bracing for a repeat of tuesday. They had this giant rally and it started to lose steam and everybody thought here we go...
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CNBC Squawk On The Street June 22, 2024

The three, up about 3. 38 . Overnight in asia, shanghai came back bigtime. As you see there, up 5. 3 . The hang seng, 3. 6 . The chinese did seem to intervene a bit to help things along in china. As for our tenyear note, we started this week. We were below 2 on the tenyear. No longer. Back to 2. 20 despite those comments. Crude oil above 40. The first time i have seen that in a few days. Lets get to our road map. Has the market bottomed for now . For good, for a while . Another upgrade for amazo...
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