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FBC Varney Company July 13, 2024

Gilead sciences, as you heard from maria, positive news from a government trial of their remdesivir and also from two of their own trials. Positive news on a treatment. That sent futures straight up earlier this morning and look at the stock, also straight up, 6. 8 . Thats the effect of this effective trial of remdesivir. Up go futures, up goes gilead stock. More on this in a moment. A second reason for the dows gains, investors expect a strong recovery for the economy starting in the summer. Th...
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BLOOMBERG Bloomberg Markets Asia July 13, 2024

Brent also lowered to about 2. 3 . With treasuries. Havens like the dollar, the yen. We saw where the nerves are with dollar renminbi. Seeing the hikes inching closer for dollaritory china right now. 6. 4 ,ing a contraction of so we could be seeing a deeper contraction. Financialrom the secretary paul chan saying we could be facing the worst contraction on record. The rupiah seeing some strength here. The carry trade has been coming back. 14,000, 935 around 14,935. The trump ministration is step...
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BLOOMBERG Bloomberg Technology July 13, 2024

Expectations for users and ad revenue. A drug also showing some positive results that may have been getting investors some optimism. To facebook, tesla and microsoft in a moment. Lets bring in taylor riggs to wrap up the day that was. Information showing that gdp pal gdp fell 5 . Maybeas thinking that things were not as bad as we think and that there was a sign that things could stabilize if not improve. You could say that was going on in the markets all day long. We got that data of a 4. 8 perc...
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FBC The Evening Edit July 13, 2024

First quarter. 20 states set to loosen restriction this is week. Starbucks set to reopen 90 of its stores by june. Alan greenspan sees a economic rebound in the third quarter. There is hope. Joining us tonight, senator Chuck Grassley, republican greg stuebe in florida, on the fight to reopen as democrat led house is not reopening. The states are reopening. Dr. Bob lahida on hope and optimism on curse and vaccines to stop covid19. The democrats, their pushback falling apart. The democrat led hous...
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CNBC Squawk Box July 13, 2024

Drug that meant people werent dying of this. In the study, only two people died no placebo up against the remdesivir they were using these are early results but promising signs of hope. The dow futures indicated up by about 700 points if we continue like this, that would put the dow in positive t territory. S p indicated up about 75 points and the nasdaq indicated up by about 177. Lets look at the treasury market yesterday, those yields for the 10year were under a little pressure they had come b...
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BLOOMBERG Bloomberg Markets Asia July 13, 2024

Today. We are seeing crude fall 13 when it comes to w. T. E and the phillipines, that is one of the weaker side. But when it comes to the june ontracts, down 4 to 19 bucks. Look at what it comes to w. G. E . We are hovering around the 11 mark when it comes to new york crude, down 13. 6 . We mentioned about the United States oil fund, the largest oil fund in the world selling off e and ingsings in w. G. Unexpected move. Lets get more analysis with jp morgan asia yeah strategist. Is this starting ...
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FBC Mornings With Maria Bartiromo July 13, 2024

We will hear from Large Companies including four dow components, 3m, caterpillar, merck and pfizer, we have tall numbers coming out for you. Markets this morning look like this. Investors looking to add onto yesterdays rally, dow futures up 135 points and nasdaq futures higher by 113. Markets rallying as lockdowns are ease ago cross the country and new round of stimulus goes into action. Plus changing face of travel, jetblue making masks and limiting seating, mornings with maria is live right no...
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FBC Varney Company July 13, 2024

Come friday, thats mayday, with spring weather, getting out of the house and back to work will surely take another step forward. Look at this. Investors love it. We know we are in the middle of a seriously shrinking economy but back to work means a way out of the mess. Top officials including the president and the treasury secretary expect a vigorous recovery later this year. And soon, we will see the Financial Statements from the allimportant big tech companies. Investors are expecting solid re...
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BLOOMBERG Bloomberg Surveillance July 13, 2024

Tom wti is leading down, no question, francine, but i would look at the remarkable decline of floating oil, global oil, brent crude, well under 20 a barrel now. For it to sustain under 20, a splint to me how some of these nations move forward. You were talking in the last hour with the tourist rector of greece. I dont know if oil is good or bad for the tourist director of greece, but 20 brent crude does not get it done for a lot of other people. Francine i mean, i think the price of oil is secon...
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CNBC Worldwide Exchange July 13, 2024

Are watching cnbc. Good morning and welcome. We are keeping a close eye on the rally in airline stocks. You can see hear the industry reaching the Biggest Airlines in america up 5 to 7 to 8 this morning in trade. The dow would open down by about 358, s p losing about 45, implied. The nasdaq down by 104, 105 if these future losses hold into regular trading after the opening bell 9 30 eastern time today. This is after a broad rally where the dow dropped to 560 points and the nasdaq capping the fir...
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