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CNBC Squawk July 4, 2024 - Vimarsana News

CNBC Squawk July 4, 2024

Another record. Bitcoin reaching a new high above 71,000 this morning. Look at the move. It has been a staggering move. 71,758 as we speak and climbing. Crypto adjacent names, coinbase, et cetera, seeing gains. There is three days after ethereum breached the 4,000 mark. Look at the crypto stocks. Trading higher this morning. Early this morning, i should say. Coinbase and robinhood. We will talk to Michael Saylor at 8 30 a. M. Today. We will ask why invest in the proxy when you can invest easily in the etf now . Thats one of the big shifts. Hes a brave man. He is a brave man. Buying more bitcoi...

CNBC The July 4, 2024 - Vimarsana News

CNBC The July 4, 2024

Plus, powell wrapping up day two of testimony on capitol hill. Cleveland fed president loretta mister joins us exclusively with the more on the timing of when the first rate cut could be. And then we have the action, the story, and the trade on three more names getting ready to report results. Our trader likes two of them, and shes here with the names and what makes her a buyer. We begin with the markets overall. Its green. The headline today is a record high. Again, a record high for the largecap s p 500 index. Well put a star right there right now. At one point, it was as high as 5156. Its c...

CNBC Squawk July 4, 2024 - Vimarsana News

CNBC Squawk July 4, 2024

Last week. Overnight, in asia, japans nikkei topped 40,000 for the first time. Stronger corporate earnings and surge of chip stocks with Artificial Intelligence playing things up. The nikkei above 40,000. If you look back here in the United States, the treasury markets show yields are higher. Tenyear yielding 4. 2 . The price of bitcoin has been impossible to stop lately. You will see it is up another 3. 7 . Above 65,000. It will be a new high. Theoretically. We are watching crude prices inching up toward 80. The high end of the range. 79. 68. Opec plus countries delaying production. That mean...

CNBC Squawk July 4, 2024 - Vimarsana News

CNBC Squawk July 4, 2024

The nasdaq down even more, 1. 8 . You add the magnificent 7. There was a pullback of, i think, 233 billion in market cap for those big magnificent 7. The only one that ended higher was invip ya shares of apple down 3 after a report of struggling iphone sales in china then you had tesla, down by even more than that, and pretty decisive declines in technology. It was interesting watching them one by one. Kind of roll . Were going to need a terrific two. Terrific two or the rest of the averages the rest of the stocks to kaup up to what the magnificent seven do. They want to solve income inequalit...

CNBC Squawk July 4, 2024 - Vimarsana News

CNBC Squawk July 4, 2024

25 of the jobs in america and close to 25 of the nations gdp. Right now, they are feeling good about the economy. A brt survey came out which suggested the rating right now in terms of how they feel about the economy climbed 11 points to85. That is a little above the reading83. Feeling good about the capital sales. Those are up double digits from the last quarter. Plans for hires have particulared higher. They sent out a survey asking ceos and if they think Government Policies are undermining American Free enterprise. 75 of ceos think that. Of those who answered yes, 92 partly s92 cited over r...