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CNBC On The Money July 13, 2024

Now becky quick. We begin with lobster the delicacy is in high demand worldwide, especially in china but like most food exports, the u. S. china tariff war is squeezing the lobster business like a lemon our Contessa Brewer found maines lobster dealers are feeling the pinch. Its this weeks cover story reporter stephanies space is small but the Lobster Company does big business in lobster. I primarily export lobster. Reporter and when the Maine Lobster industry worked to open up china markets, ste...
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KQED Nightly Business Report July 13, 2024

Trade tensions recession concerns Interest Rate worries and nowolitical drama. Despite it all, stocks stayed steady. Lets run through the numbers. Today on the last day of the quarter, the Dow Jones Rose 96 points to 26,916. The nasdaq added 59 5 the s p 500 was up 14. For the month, all of the major averages were higher. And for the quarter, the tow and the s p were up, but the nasdaq dipped slightly. Now comes october, a month that historically is volatile. And the next big hurdle earngs. For ...
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CNBC On The Money July 14, 2024

Future now becky quick. Criminals are hacking their way in andrea day has more. Its brazen its in broad daylight in front of hundreds of people. Take a close look at this atm attack caught on camera. The images obtained by the secret service and according to the agency the guys you see in uniforms are criminals grabbing loads of cash. What left this seasoned investigator stunned how normal it is and how common it was. We know for a fact that atm crime and fraud does cost the Banking Industry and...
Saudi Arabia United States Cheryl Teague Melissa Lee Andrea Day Banking Industry

KQED Nightly Business Report July 14, 2024

Our nations capitol. Trade has been a looming source of uncertainty and this week a cloudy political outlook was thrown into the mix. Today the two combid. Ocks lifted lower after release of ae o whistleblower complaint that sparked impeachment inquiry against President Trump. Then came a report that the u. Unlikely to extend a temporary waiver that allows u. S. O Companies Sell supplies to the chinese tseom gnt huawei. By the close, the doungs industrial average fl 79 points to 891. The nasdaq ...
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KQED Nightly Business Report July 14, 2024

Seem like the mket is one step forward and two steps back. There have been bouts of volatility and head scratching moves. Stocks have been on alownd steady climb higher. Today the gains were capped because lfgering concerns about the global economy. The dow and the s p 500 remain just 1 1 2 away from their records. Th Dow Jones Industrial average was 14 points to 26,949. The nasdaq fell five and the s p 500 was flat. Mike santolli takes ali look at whether this market calm will give rise to some...
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CNBC On The Money July 14, 2024

Your money yourks life, your future we begin with homes for sale as cooler weather approaches the Housing Market is heating up our diana olick finds thereare more openhouses to visit during the weekends, but it is a buyers or sellers market that is this weekends cover story. Reporter at a sunday openhouse in dallas, texas, there were plenty of potential buyers for this four bedroom tudor listed at nearly 1. 4 million. But not a whole lot of pressure. For a while it was just a very, very hot mark...
New York United States Kerry Smith Ray Nutt Dustin Collins Tony Romo

CNBC Squawk Box July 14, 2024

Dropping below the s p 500 dividend yield which is crazy. You can make more money on the yield on the s p 500 than on the 30 year. Unfortunately the algorithms are utilizing global yields as the correlation to equities and that seems to happen from time to time. Remember prior to that it was the chinese currency any time that traded above a 7 Point Equities move lower. So youre looking at global yields and youre basically understanding that protectionism doesnt exist in global asset pricing. Wha...
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KQED Nightly Business Report July 14, 2024

It wasnt the highlyanticipated speech from fed chairman Jerome Powell that sparkedy to intense selling. Instead, it was a new record ou tariffs imposed by the chinese ndvernment on goods President Trumps response to hike more tariffs on chinese goods. It all served to escalate the trade waretween the worlds two largest economies. That clouds the outlook f theon y and it rattles wall street once again. Here are the closing numbers for this friday. The d industrials down 623 points to 25,628. Sdaq...
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CNBC Mad Money July 14, 2024

American companies should move production out of china and back to the u. S all of this with the eyes of the world on jay powell in wyoming Steve Liesman has been talking with the most powerful central bankers and will join us in a minute but to e lolon where the president lunaunched a tweet storm. On september 1st, the chinese imports supposed to be taxed at 10 will be hit with a 15 tariff on october 1st, the tariffs on 250 billion in chinese goods that were already in place will go from 25 to ...
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KQED Nightly Business Report July 14, 2024

Sue is off tonight. Today stocks moved higher, sharplyigher on a familiar theme, trade. Chinese officials were quoted at sayiy wanted to resolve the current trade conflict in the u. S. In a wacalm manner. Some took it as a sign that the Chinese Government will not retaliate against the latest round of tariffs and the bulls ran with it on wall street. The dow was up 26 points to 26,362. The nasdaq added 116 and s the gained 36. As bob pisani reports, this rally does not have the certainty of some...
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