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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 Power July 4, 2024 - Vimarsana News

CNBC Power July 4, 2024

Story of the day, congressional testimony from j powell. The fed chair j powell maintains the economy is in good shape, labor market is strong with inflation coming down but the fed needs more evidence on inflation coming down before cutting interest. How much evidence . Maybe is not as much as we previously thought. More evidence that ill give us more confidence that inflation is on a path down o 2 sustainably. Not looking for better readings then we have had, but more of them and what will happen is as we go forward, 12 months will continue to drop. Because it will be lower than early last y...

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...

CNBC Mad July 4, 2024 - Vimarsana News

CNBC Mad July 4, 2024

Chips. The chips in this bag and the chips on this rack. I know it sounds like i agimmick. Maybe it is. But if you understand the zeitgeist of this market, if you really want to get it, these two types of chips tell you a great deal of the drama going on in the stock market and in the entire country. So on a good day when the dow advanced 130 points, s p gained 1. 03 , nasdaq jumped 1. 51 hallelujah allow me to explain. Lets start with these chips, the semiconductors. Right now theres a veritable feeding frenzy for the chipmakers. Investors cant eat just one. The etfs are going crazy. Buyers a...

CNBC Squawk July 4, 2024 - Vimarsana News

CNBC Squawk July 4, 2024

September, and if you havent paid attention tesla shares are down 10 this week alone only two trading days. If they had gotten ai from oh. Well talk about that, a war of words, openai is firing back at elon musk. Theres 1 chance well talk about it. Publishing emails appear no show the tesla cofounder did support creating a for profit entity. Lets begin with the markets and the testimony from the fed chair today. Jim, got some news on what he will say in terms of written words. Yeah. Look, i kind of when march is off the table, i think this is, obviously, one of those, i want to get a little mo...