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Transcripts For CNBC Closing Bell 20240711

Report help to boost sent men this morning with the u. S. Economy adding 638,000 jobs in october. The Unemployment Rate fell to 6. 9 the coronavirus surge remains in focus, the u. S. Setting a record with more than 121,000 cases on thursday according to Johns Hopkins data 59 minutes left of the session in what has been a crazy week. Today though essentially flat, sara. Holding onto the gains i would argue, which are very strong so far this week. Ahead on todays show we will ask jeff sonnenfield how americas Corporate Leaders are thinking about the heated election race. Big news out of cvs as larry merlo announces hi retirement. We will also speak with the ceo of hershey asking about how cappy sales fell during this years unusual halloween season. Lets get to the final hour of trade, the markets and the election mike santoli tracking all the action for stocks. Frank has the vote count in pennsylvania ylan moi is covering the balance of power in the senate how georgias undetermined races

Transcripts For CNBC Squawk 20240703

Cut. Also ahead, a rough morning for Health Insurers. Medicare investment rates come in short of expectations. Ge shares have been up sharply. The company now completing its final split by spinning off its Power Generation business. Ge aerospace ceo and larry culp and ge fernova scott stray sikh joining us a little later. We mentioned the tenyear going back close to 4. 4. This started with the ism data yesterday. Its constant. You look at it, just drips and drabs. The market is reacting in a curious way. Yesterday the nasdaq finished up. I thought that was incorrect. These are the stocks that should be getting hit, david. I do think this is a very important moment in the market because we had for dot ten about ra rates. Well, we did yesterday. A mistake for the nasdaq to be up . What does that even mean . I mean if rates go up, you want to sell the high multiples you also want to keep an eye on the companies that have a debt stack that needs to be refinanced. There were hopes at the ea

Transcripts For KPIX CBS 20240703

They took my team lead away. They stripped me from my leadership position. Reporter after filing an ethics complaint with hr and contacting the companys ceo, paredes eventually was reinstated, but said hes had enough, resigning that summer. It takes a toll on you. And i was terrified. Reporter until today, paredes, an air force veteran who spent 12 years at spirits wichita plant was complainee number one alleging widespread quality failure, quality failures paredes says boeing was well aware of. For many years they knew they were getting defective fuselages. Reporter he says he frequently found issues near door panels similar to the one that blew out of a 737 max mid flight in january. The ongoing ntsb investigation indicates that door panel was removed during final assembly to allow Spirit Contractors to make defect repairs. It appears the bolts holding the panel were not reinstalled. Working at spirit, i almost grew a fear of flying. There is about two or three units that is in the b

Transcripts For KPIX CBS 20240703

Michigan are cleaning up after more than three dozen tornadoes touched down. So your trailer was here. Yeah, my trailer was here. And now . Now its over here. Norah the Cbs Evening News starts now. Good evening. Im norah odonnell, and thank you for being with us. We come on the air tonight with Breaking News with another outbreak of tornadoes, this time in tennessee, illinois, and missouri. This is the Third Straight day of dangerous and possibly deadly weather moving across the u. S. Tens of millions of people tonight are in the path of this massive storm system that stretches from texas to virginia, with severe thunderstorms, destructive winds, large hail, and more twisters. Todays threats follow another Night Of Terror in the midwest and the ohio valley, with at least 19 tornadoes in eight states. Homes and businesses were torn apart, including this Fedex Facility in the town of portage, michigan. Thats just south of kalamazoo. Trees were ripped up and power was knocked out for Tens

Transcripts For KPIX CBS 20240703

Norah communities from oklahoma to michigan or cleaning up after more than three dozen s touched down. So your trailer was here. My trailer was here. An out . Now its over here. Norah the Cbs Evening News starts right now. Good evening. Im norah odonnell, and thank you for being with us. We come on the air tonight with Breaking News of another outbreak of tornadoes, this time in tennessee, illinois, and missouri. This is the Third Straight day of dangerous and possibly deadly weather moving across the u. S. Tens of millions of people tonight are in the path of this massive storm system that stretches from texas to virginia, with severe thunderstorms destructive winds, large hail, and more twisters. Todays threats follow another Night Of Terror in the midwest and the ohio valley, with at least 19 tornadoes in eight states. Homes and businesses were torn apart, including this fedex facility in the town of portage, michigan. Thats just south of kalamazoo. Trees were ripped up and power wa

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