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BLOOMBERG Bloomberg West June 22, 2024

First to our lead another wild ride on wall street. This one with a good ending, stocks rallying the most since 2011. I want to get straight to matt miller in new york. Matt, when it comes to tech, the fab five all up. But talk to me about volume into his buying. If you look, for example, at the first six gainers, only exxon is a nontech name. All those you mentioned plus microsoft, apple, google, facebook, amazon. The buyers here were people who believe that we have put in a bottom, if they are...
New York United States San Francisco Robert Brenner Adam Baines Emily Chang

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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CNBC Squawk On The Street June 22, 2024

Since december. A big day for housing. Well get new home sales in an hour. After an historic day which saw the dow fall minutes into the trading session before closing down 588, futures are serging. Chinas central bank announced its lowering the Bank Reserve Requirements by. 5 . Its the fifth time in nine months theyve done this. The question is what are we going to get out of it . I thought the more important story than the cuts of rates is that maybe theyve stopped the game of trying to prop u...
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CNBC Squawk Box June 22, 2024

From the record highs. The dow is now down nearly 15 . The s p is off 12. 5 . Check out these staggering figures. S p 500 companies lost another 900 million in market cap yesterday. They lost nearly 2 trillion in market cap over the last seven sessio sessions. You see rich people lost 185 billion recently. This is good. This income inequality thing. Taking care of it. This is not i also like the now were going to do this every day where we can close on change but if thats not interesting enough ...
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CSPAN2 Key Capitol Hill Hearings June 22, 2024

Try to discuss chinese behavior as more assertive. I think the taiwanese perception or analysis about the extra motivations behavior of china, whether it has become more assertive or a transitional period of a new status as a major power or whether its the individual leadership or whether its a certain role played by citizens. More discussions in taiwan if you want to put in the context about cheneys behavior. With that, we please join me and thinking professor tsekang leng. [applause] and thank...
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CSPAN2 Key Capitol Hill Hearings June 22, 2024

They have sensors equipped on them so they can detect vibrations. Using vibration detection, you figure out when a bridge is likely to fail and intervene before that happens. This has huge implications. We saw in minnesota the collapse of the bridge there. Recently i10 outside of los angeles. This is a huge problem in the United States. Using connected devices to get realtime information about which bridges, highway structures should be replaced sooner. I pressed the button everyone told me not ...
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BLOOMBERG Bloomberg West June 22, 2024

First to our lead another wild ride on wall street, this one with a good ending, stocks rallying the most since 2011. I want to get straight to matt miller in new york. Matt, when it comes to tech, the fab five all up. But talk to me about volume into his buying. Matt if you look, for example, at the first six gainers, only exxon is a nontech name. All those you mentioned plus microsoft, apple, google, facebook, amazon. The buyers here were people who believe that we have put in a bottom, if the...
United States New York San Francisco Robert Brenner Adam Baines Emily Chang

BLOOMBERG Bloomberg West June 22, 2024

First to our lead another wild ride on wall street, this one with a good ending, stocks rallying the most since 2011. I want to get straight to matt miller in new york. Matt, when it comes to tech, the fab five all up. But talk to me about volume in todays buying. Matt if you look, for example, at the first six gainers, only exxon is a nontech name. All those you mentioned plus microsoft, apple, google, facebook, amazon. The buyers here were people who believe that we have put in a bottom, if th...
New York United States San Francisco Robert Brenner Emily Chang Aaron Sorkin

BLOOMBERG The Pulse June 22, 2024

Ripped up. The are checking the biggest gain in u. S. Equities in four years. Francine yes they are. That rally came after a selloff. Overnight, chinas benchmark index posted a 5 index 5 gain. Lets get context. Mark barton is back in the house. Things are wrapping higher. The feds magic discussion did the job. Fedo the mark u. S. Caused the big rally in the united states. He spoke yesterday. In an unexpected comment, you have to say, he said from my perspective the decision to begin the normaliz...
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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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