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CNBC Closing Bell July 12, 2024

Firmly in the red here nasdaq is up 104 . Up 3 this week alone. Only tuesday coming up on todays show kraft is trading higher. Of they outline two billion in cost cuts and selling off part of the cheese business not all of the cheese business and some confusion as to which cheeses go and which stay. Well find out why the companys president about those moves will join us to discuss whether lack of fresh stimulus can impact and speaking of stimulus, former treasury secretary jack lew will join us ...
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CNBC Mad Money July 12, 2024

Merely dealing with partisan gridlock the dow inched up two points and the nasdaq jumped 1. 12 , this i what we have to think about. Six months ago it looked like the world was ending everyone in congress had a reason to reach a compromise both sides have an incentive to be more stubborn they get to blame each other in the runup to an election but as Speaker Pelosi told me this morning, the deal is still on the table. I took her full statement as a sign getting a deal done could be extremely dif...
New York United States Mike Doyle Jim John Nancy Pelosi Lance Fritz

CNBC Squawk On The Street July 12, 2024

Any new stimulus in sight. And that tiktok trade, you cant really trade it, can you, because its not a public company, but bytedance is formally seeking chinas approval for a deal with oracle and walmart, those are two publiclytraded companies. Yes, they are, jim lets talk markets lets start with that. You know, its funny, i dont know what you make of the pull back today, to the extent we are going to have one or what weve been seeing in apple lately. I keep wondering coming back to that softban...
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FBC Mornings With Maria Bartiromo July 12, 2024

His message, law and order and warns of economic collapse if his opponent, joe biden, wins the presidency. Biden taking a page out of the trump playbook, pushing a med in america plan for jobs. Coming up you, ill be talking with devin nunes on the Ongoing Investigation into spying on the trump 2016 president ial campaign and who could be held accountable. Senate republicans introducing a 300 billion coronavirus stimulus bill, democrats say this skinny plan does not go far enough. Beware, you cou...
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FBC Mornings With Maria Bartiromo July 12, 2024

The session with fourth days of gains with the dow industrials up 31 points. Much of the rally dissipating and then some. Nasdaq down by theless, s p down 15 at 4 00 oclock on wall street. Tiktokoracle deal uncertainty. President trump to reveal the deal today as the white house pushing for u. S. Control of the chinese app. Origins of russia tab, subpoena obama officials now and senator Lindsay Graham announcing when jim comey will testify in front of senate judiciary. Coming up at 7 10 a. M. Do...
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CNBC Squawk On The Street July 12, 2024

Buyer beware, ipos that have doubled do not have a great track record after the debut. Plus the president and tiktok, he says hes not prepared to sign off on anything for an oracle tiktok deal. And wall street poised for a sharply lower open following the feds pledge to keep Interest Rates low for years and Technology Stocks do lead the declines speaking of which, jim, sounds like your conversation with joe a moment ago kind of rings with what Credit Suisse says today about tech valuations overa...
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CSPAN3 FBI Director Wray Testifies On National Security Threats July 12, 2024

Without objection the chair is authorized to declare the committee in recess at any point. Good morning. Before we begin i want to say our thoughts with those americans dealing with devastating natural disasters including the wildfires in the west and Hurricane Sally in the south. As chairman i remain committed to ensuring they receive the federal help needed to respond, recover and build back stronger. They, the committee on Homeland Securitys meeting for its annual hearing on worldwide threats...
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CNBC Fast Money Halftime Report July 12, 2024

Tens of billions of dollars. You said thats it thats the top of tech the nasdaq was 4400 that week uber High Valuation Companies and use that as your justification to reposition your portfolio. Im not fan of it. Doesnt really work. It makes for better tv than it does for portfolio you dont take a step back and say its 100 times sales this thing has an incredible first day and you dont take a pause. Its not the whole landscape and say i dont think this is good weve seen a million kpaemexs of this...
New York United States Jerome Powell Michael Farr Valmont Josh Goldman Sach

CNBC Squawk On The Street July 12, 2024

It and shares of astrazeneca falling premarket, the drug maker hitting pause on its late stage Coronavirus Vaccine trial. Jim, you just tweeted coming to us in a few. Fired up about what . Fired up because i think that people have given up we had 10 correction, most of the people i heard except for jim pullsen in the previous show basically say, look, this is a dangerous its a bubble, its a bubble, its a bubble. Now, i think that anytime the market opens up big, carl, i dont like it but europe i...
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CNBC Fast Money Halftime Report July 12, 2024

Things that you did in the market today you bought walmart and mic microsoft. Why are you putting money to work in those stocks now why am i putting money to work and then ill get to those stocks we had had a 10 correction. You know ive held cash for a little while im not the onlywaiting for a correction i still have some cash but, look, for this to get worse than a correction, maybe it goes down 12, 13 . I dont know if it to get worse you have to think the fed is ineffective and the cash on the...
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