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Transcripts For CNBC Squawk 20240703

With plans to spend even more aggressively on a. I. Also, that Second Quarter guidance, perhaps, not that exciting on top of that, we got a massive earnings day comcast, five dow components also reporting, merck, honeywell, caterpillar, dow and ibm, one of the biggest laggards on the s p, by the way lets begin with the Market Reaction to the weaker than expected gdp, jim. 1. 6 looking for prior actually, it was about 2. 5 . Goldman was at 3. 1 . This is one where people were obviously the wrong way on both. Wrong on how slow it is and wrong on inflation so, the fed needs some help. These were numbers where you could say, you know what, they can cut. But david, you dont cut when you have this kind of inflation. So, the core price index, up 3. 7 when you were looking for 3. 4. What are you smirking about . These are awful numbers. Im not smirking. I was looking at you happily, happy to see you my gosh. What am i, your kid you bring me to work today listen to me gdp no. The worry now is s

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Meta Platforms Inc likely past peak TikTok risk offset by massive spending on the Metaverse, Oppenheimer & Co Inc analysts say

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