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CNBC Closing Bell July 12, 2024

The session, sara. Come back after two down weeks. Coming up on the show, tech investor Roger Macnamee is with us and gold strengthens, the dollar weakens and home body stocks outperform well break down the trades and themes in a few minutes with David Rosenberg. Lets focus on the key stories mike santoli watching the bounce back rally meg tirrell as the president participates in a Coronavirus Briefing and the other big Market Driver this afternoon, the stimulus negotiations in washington new de...
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FBC Varney Company July 12, 2024

Diego, it will be Online Learning only for the rest of this year. That is shut down. The l. A. Teachers union demanded medicare for all and the defunding of the Police Department as a condition for reopening. What has that got to do with education . Leftist politics rules and the largely minority student body in Southern California will be deprived of a meaningful education. All right. Lets talk about money. Earnings season has begun. Look at delta. Lowest revenue in 30 years, 3 billion forked o...
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CNBC Closing Bell July 12, 2024

Growth is slowing down due to the outbreak across the sunbelt. We have been at one point up 6 . Were now up 0. 7 . At one point we got to the highest level since the pandemic began. Ahead on todays show, stocks seeing a big rally to start the week Jeff Rosenberg of black rock says the bond stock model does not work in this environment he will join us to discuss where hes putting his money to work right now. Plus, entertaining in the age of coronavirus. Well speak with pitbull about how artists a...
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BLOOMBERG Bloomberg Surveillance July 12, 2024

Published in scranton, pennsylvania. Always a tough coal mining economy there. Scranton, pennsylvania at 15 , but you know it is much higher. Normal, andre near willech will it directly address this American Labor economy. Sequentialespite the month on month improvement we have seen, we expect to see some elevated jobless claims again in around 90 minutes. One of the main things people are looking at is the continuing claims, which are expected to tick lower, a good thing, but not that much lowe...
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BLOOMBERG Bloomberg Surveillance July 12, 2024

Absolutely fascinating about the complete over that mystery starts with the job report on thursday. Did you know it is a holiday shortened work, having shortened work week, having to do with the freedom of the colonies . Jonathan you will have to explain that one to me. It must have been a class i may have missed. We are looking at the direction of the coverage, arguably still positive. The pace of the recovery is what is being questioned at the moment. Lisa tom was right to bring up the jobs re...
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BLOOMBERG Bloomberg Surveillance July 12, 2024

Total bond purchase target to 745 billion. Beforewaiting until 2 30 the governor comments to journalists. We will get more details on exactly what the bank was thinking at that point, but theres obviously speculation swirling that we could see as far as negative rates. Qe byoted 81 to expand 100 billion. It will be interesting to know whether that one is actually for more qe at that point. The data in the moment very weak. We saw the cpi data earlier this and thatedibly weak, negative gdp print ...
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FBC Varney Company July 12, 2024

The europeans today. Their central bank will pump trillions into the euro zone economy. Thats called stimulus. Investors like it. So the dow is going to be down maybe 100. S p, 17. The nasdaq, about 26. Thats not a big pullback after yesterdays big gain and this weeks very big gains. Opening up the economy, thats a big deal for investors. This week, many theme parks and vegas casinos will open up again, albeit with limited capacity rules in place. And gms Ceo Mary Barra says auto plants will be ...
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BLOOMBERG Bloomberg Technology July 13, 2024

The u. S. And china. Here to break down the Market Action is abigail doolittle. The macro news earlier this morning seemed to be about rising trade tensions between the u. S. And china, but then stocks mostly ending in the green. On thisgoing afternoon . Abigail a really sleepy day overall. You have traders not at their desks, checking out just a little early despite the fact that we have macro news. Plus, it is a repeat of last year. At the end of the day, mixed action. But unlike yesterday, we...
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CNBC Street Signs July 13, 2024

Negative after the dows 900point rally boost investor stocks Airline Stocks surge as the uk government signals cross border air bridges could make Summer Holidays a reality weve got european auto sales plunging 76 in april with fiat, chrysler and psa leading declines as the lockdowns cause supply and demand in the car sector a very warm well come everybody to street signs. Lets kick off some fresh commentary tensions really heating up between beijing and washington w. H. O. Is at the center of t...
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BLOOMBERG Bloomberg Surveillance July 13, 2024

Today, francine. After the three day weekend here in the united states, what i really suggest is the testing of how we get back to normal. The markets decided with futures higher. Francine we will have plenty more on the market shortly, but now lets get straight to bloomberg first word news from new york city. Ritika good morning, in france hasn hong kong, carrie lam defended the sweeping new security laws. She says it is untrue that the legislation would ban street protests. She promised Hong K...
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