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Transcripts For FBC Varney 20240703

Good morning, im david asman in for stuart the varney today. Meta is bleeding cash. The companys lost 200 billion, thereabouts, in market value since their report after the bell yesterday. Now, Mark Zuckerberg says he plans to spend billions more on artificial intelligence. That had investors a little concerned. Meanwhile, gdp for the First Quarter coming in well below expectations. That accelerated selling. The dow is now down 447 points. The nasdaq is down 276 points, so its going to be a wild day for trading. Lets check the Interest Rates. The 10year just above 4. 6. Its now 4. 7. 2 right now. 4. 72. The 2year is up over 5 . You get a 2year bond for 5 right now. Not Much Movement for bitcoin, trading around 63,000, 63,5. Gold is trading around 2300 an ounce, its up a tick, just 4. Oil trading around 82 a barrel. And now to politics. Wow, what a day. Very busy day for donald trump, and it started early. He made a Campaign Stop this morning. Trump is making a big play for new york. He

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