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CNBC Fast Money July 12, 2024 - Vimarsana News

CNBC Fast Money July 12, 2024

Shift. Weve got another bonus hour of fast money tonight at 6 00 where we will be answering all of your burning trading questions. If youve got one, tweet us cnbcfastmoney. We start off with zoom zoom shares staged a gigantic really its 40 jump today now gives ut a market cap bigger than lowes, ibm and citigroup. It is about 3 4 of the size of cisco, which of course is a similar product and 83 times the revenue. What do you make of this giant move today its pretty incredible. I dont know how often weve seen a stock thats jumped by 40 in a single day. But it ran into earnings weve seen nothing ...

CNBC Mad Money July 12, 2024 - Vimarsana News

CNBC Mad Money July 12, 2024

Is two parts to that last night i focused on the major averages are not representative of the broader economy. Something held true today with the dow and s p losing 4. 4 and nasdaq sinking 5. 7 after the dollar skyrocketed something we warned about because the fed made it confusing how much they will keep helping the economy. The stronger dollar isnt great but the incredible v shape rally in the stock market doesnt jive with reality in a world where we still have double digit unemployment tonight, though, we need to talk about the other part of the sentence the stock market doesnt reflect Curr...

CNBC Mad Money July 12, 2024 - Vimarsana News

CNBC Mad Money July 12, 2024

Swapping out pfizer for amgen. Raytheon youll hear later today. The largest oil and gas company with one software play dropping a respected drug company for a descent biotech . Kicking a defense contractor to the curb for an industrial if it makes you scratch your head, youre not alone these changes had enormous impact the dow dipping 60 points and the s p dipped and nasdaq gained 6. 7 in all honesty, these moves made a lot of sense they bring the dow closer to the reality of the new cone economyt the memory of the old. Before i delve into each trade, there is an aspect of the dow like the kin...

CNBC Mad Money July 13, 2024 - Vimarsana News

CNBC Mad Money July 13, 2024

How many does it take to stop a raging bull a bull that produced the best month for the stock market in 33 years . I think we might have found out today. Looks like 30 million. Yep, just as we learned that we had the best rally since january of 1987, an admittedly inauspicious year, 1. 2 is the slowest pace this month. We also got incredibly bad news. Jobless claims bring it to 30 million over the past six weeks. No wonder the dow tumbled 288 points, nasdaq shed. 28 today this was an explosive situation. The market was overbought. We have again another Great Depression with the unemployment nu...

CSPAN3 Sarah Binder July 13, 2024 - Vimarsana News

CSPAN3 Sarah Binder July 13, 2024

Roughly referring to the war powers resolution enacted in 1970. That law is complicated. One of the things it does is says if the president puts troops abroad into hostilities and we havent been attacked, if he does that, he needs to follow the law which says notify congress. Tell them what youre doing. Justify it. Whats the legal authorization and whats next . How long will they be there and so forth . Thats what the president claimed to be doing which is to say i notify you were on which doesnt quite meet the qualifications and requirements in the law . Democrats on capitol hill te seeking t...