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CNBC Power Lunch June 22, 2024

Seemingly more stable usa. But on greece markets now well off their lows. Mary thompson what are people saying down there . While we are off the lows as you pointed out, dont get too excited and think that were past the worst of it we are not. The dow was down 166 points at the worse www. Point. Right now were down about 30. Vix which popped up 10 at the open is now only fractionally higher after pulling back. This that is a fear index we watch here at the new york stock exchange. The story rema...
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CNBC Closing Bell June 22, 2024

Leadership meeting in brussels which is still under way. We are going to take you live for all that. So many concerns yet seeing this rally. If we stay at these levels will probably be the biggest singleday reverse ideal in four years. Economist Thomas Piketty has a message for Angela Merkel. He says history will remember you for your actions this week. Hell join us live in a few minutes to explain why he believes not helping greece would be hypocritical. The big banks unveiled their living will...
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CNBC Squawk On The Street June 22, 2024

Well see if the fed numbers have any effect. In our road map this morning. Tesla slapped with a downgrade on valuation. Well hear about the companys future from the ceo. Microsoft set to cut more jobs. And apple watch sales plunge 90 . Well run through some of those numbers. First, futures are up sharply. Steps by chinese officials to stabilize markets and restore Investor Confidence failing to start the slide. A lot of the trading, brokerages people are obviously upset. Companies are being aske...
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CNBC Closing Bell June 22, 2024

Buying a ticket on american and hopping on united. The dow has come a little bit off the lows. Down 239 points right now, the nasdaq is down 1. 7 . So no problems at the nasdaq. And yet, the nasdaq is actually down about. 4 more than the dow. Now, of course the dow does trade nasdaq stocks as well. But the point is, it would seem that the data were seeing that the declines are not based on this trading issue, outage, whatever you want to call it, right . May be more global macro. The benchmark t...
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CNBC Power Lunch June 22, 2024

Russell 2000 up by. 78 . West texas at 53. 13 up 1. 48 or nearly 3 . The 10year note theres the yield at 2. 28 . The price is lower, the yield a little bit higher. Mandy drury today on the floor of the nyse with bob pisani. Seems like this has been where all the actions been this week, ty. Seemed like the likely place to come down to. Bob, fantastic job yesterday covering the big event. But in terms of todays action, we opened up with big volume. 249 to the up side. Why are we losing steam here ...
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CNBC Squawk On The Street June 22, 2024

Yellen speaks at 10 30 12 30. The best showing against the yen in a couple of years. China got an update but showing there might get you arrested. You see shipments suffering. The steepest decline in almost two years. And facebook also higher premarket. How the company is looking to crack into the Music Distribution business. First up stocks on track to open strong. We have this morning on the hopes of a new proposal in greece will end the impasse and result in a bailout deal as we get ready to ...
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CNBC Mad Money June 22, 2024

Rallies weve tried to mount lately. Dow only 220 points s p pole vaulting 2 or 3 . Nasdaq rocketing 1. 53 . And roll over at the bell. But now the hard part begins. We know the Chinese Government has put through a whole bunch of measures to stabilize the market. We seem to be well, i never want to say we are at the curtain closing part of the greek tragedy with the lesser of two evils at least for the stock market might prevail. Still one more bailout that could be destined to bailout a year or ...
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CNBC Closing Bell June 22, 2024

Airlines are raking in money for the ancillary fees. Details on which carriers are bringing in the most cash and where that money is going. It doesnt grate me that tch much. Charge us airfare and leave the fees behind. One price for everything. I dont know. A la carte is nonsense. Hundreds of stocks experiencing a selfcorrection. Some reporting earnings this week as earnings season gets into full swing. What you guys are paying in california, i dont envy you that. Lets get to the story on greece...
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CNBC Squawk On The Street June 22, 2024

Tenyear down. Oil is down as the u. S. Reaches an risk deal with iran. It would be the largest chinese takeover of an American Company ever if a reported 23 billion bid for a Technology Company is for real. And first up the u. S. Iran and five other major powers reached an Historic Deal this morning. The agreement eases some sanctions on iran. Oil prices down on that news. Brent down nearly 2 . This is the president announcing the deal early on this morning. I welcome a robust debate on congress...
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CNBC Closing Bell June 22, 2024

Reports of a chinese stateowned Company Looking to buy the semiconductor giant. The deal may have a tough time getting through regulators. Could another suitor be waiting in the wings . Well find out. Wells fargo turning in a solid quarter posting a decline in Mortgage Applications this morning. John shrewsberry will join us to discuss whether he sees a slowdown in housing. We are seeing a rally in the price of oil. We are going to ask about that. What is going on with oil . I think some of this...
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