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CNBC Squawk Box June 22, 2024

Of the s p 500. Just about a half a point higher. We are going to be hearing from travellers United Technologies verizon and many more out later this afternoon. Its all about tech. Beyond earnings here the other big stories were watching this morning in greece today the government submitted a bill needed to officially start talks in the rescue package. The Prime Minister has until tomorrow night to get the measures adopted in parliament. Increasing year over year last month but only slightly. Th...
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CNBC Closing Bell June 22, 2024

Numbers, plus his thoughts on the minimum wage. Well see how those new oreo donuts are selling. Fbi cracking down on chinese corporate espionage. The economic bellwethers, caterpillar, 3m moving lower on the back of earnings. Caterpillar ceo was on squawk box earlier and spoke to the global head winds holding back not only the economy but his own business. For us to drive sales and drive employment we need 2. 5 to 3 . Having said that we are doing an awful lot of things internally to make sure w...
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CNBC Power Lunch June 22, 2024

Nasdaq at 5,120. S p 5002,087 and the russell down almost a full percent. But we begin now with the big deal in health insurance. It is official. An them agreeing to buy cigna for 188 per share in cash and stock. An enterprised are value of 54 billion. Straight to bertha coombs. Combined anthem and sigma would unseat United Health to become the largest u. S. Health insurer with 150 billion in annual revenues. More than 50 million members covering nearly 1 in 5 americans. Anthems ceo joseph swedi...
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BLOOMBERG Bloomberg Surveillance June 22, 2024

Threeweek rally sparked by unprecedented Government Intervention cannot be sustained. The Chinese Government has allowed more than 1400 companies to quit trading. It has banned major shareholders from selling their stakes. President obama has become the first u. S. Leader to visit ethiopia. He arrived in addis ababa last night. He will talk with several African Leaders about the civil war in south sudan. Earlier, he wrapped up his trip to kenya with a call to end corruption. President obama too ...
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KGO ABC7 News 1100AM June 22, 2024

Know the consequences. You should know what you are doing. Your actions. The laws onminors are based not on the acts but the formation of their ability to act as an adult. That is clearly too young. The 15yearold suspects name is not released because he is a minor. He is being held at juvenile hall. Any moment now the District Attorney will announce charges against the 15yearold and what he will be facing charges as an adult or minor. Janet. Thank you. We are expecting the News Conference to beg...
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CNBC Worldwide Exchange June 22, 2024

A round of banks upgrade price target on facebook despite the social network spooking investors with its big spending plans. All right. Good morning, everyone. It is 10 00 a. M. Here in london 5 00 a. M. On the east coast. The s p 500 seen off by 4 points the dow jones seen off by roughly 10 and the nasdaq lower by 8. 6 points. Were higher for the second straight session closed out the highs of the day, the dow and the s p up by 0. 7 each. We were pretty much unfazed by the fed. Once again held ...
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CNBC Power Lunch June 22, 2024

Me. 13 for the s p. 38 for the nasdaq. Thats. 66 . Russell 2000 down more than 1 . Lets check in with simon at the big board. I mean it is the Energy Stocks that are taking it on the chin here at the moment. That sector down almost 2 trading just above 45 a barrel on crude under a huge amount of pressure. Transocean, southwestern, chesapeake, chevron, many of those are not adjusting correction but arguably in a bear market. Bob pisani is here to talk us through the action. Slower Global Growth i...
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CNBC Squawk Box June 22, 2024

Weekend. Greece wants the bailout talks to be done by early tomorrow at the latest. The key date to watch, folks, august 20th that is when greece has a repayment due to the ecb. And gloomy data on trait inflation. Investors show that beijing is about to roll out more stimulus. And watching oil. Prices falling for six straight weeks. Oil slightly low again. The latest lundberg survey shows gas prices down 11 cents over the past two weeks. That puts the National Average for a regular gallon of gas...
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CNBC Squawk Box June 22, 2024

Those shares have been so volatile in the last several weeks. European equities, meantime, on news of this greek arrangement there, you do have red arrows mostly across the board, and perhaps not surprisingly, greece is the one thats getting the lift by 2. 25 . U. S. Equity futures at this hour . Well, after yesterdays big day breaking that sevenday losing streak, the dow would open lower by nearly 125 points. Here are the big stories were watching today. Greece and its lenders agreeing on bailo...
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CNBC Power Lunch June 22, 2024

S p down 1. 1 , and the russell down 1. 05 . Why . One main reason is china. China devaluing its currency. The dollar strengthening significantly. Oil is down big time, look at that, dollar strength, it takes fewer dollars now to buy a gallon of a barrel of oil at 43. 2, down almost 4 . Brent down almost 3 , gold up just a little bit as you see there about a half percent. Mandy is out but sarah eisen who knows a lot about currencies and china is with us today. Thank goodness youre here. I live f...
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