CNBC Fast July 3, 2024
Why our traders are all sour about one iconic American Brands new name for its spinoff. Theyll corn pop off. What kelloggs did today. Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight tim seymour, karen finerman, dan nathan, and guy adami. We start with the unstoppable rise in rates. 4. 7 for the first time in 16 years. It hasnt closed above that level since august 2007. Longer term bonds rallying, with the 30year hitting its highest since 2010. The move taking a hit on ratesensitive stocks. Look at the utility sector, seeing its biggest drop in three years, f...
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