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CNBC Closing Bell July 12, 2024

Its been a wide range today. Former citigroup ceo sandy weill will join us to discuss the water shed moment at his former company which just became the first major u. S. Bank to appoint a female ceo plus, well speak with jason robins from draftkings ahead of tonights nfl kickoff. And we are counting you down to some exciting earnings after the bell today including peloton, oracle, and chewy. Two out of three are big stay at home winners plus an interview with chewys ceo as soon as the numbers hit the tape lets get straight to the market in the final hour of trade another volatile session on wall street mike santoli tracking the action for us what caused the weakness here in the last few momentors so . That morning rally was really limp it did not pass any of the tests. It stopped where yesterdays highs were nobody had any faith this was really going to be upside momentum then you had a rally in the treasury market. Yields got compressed a little bit. And the dollar is also been higher ....

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CNBC Fast Money July 12, 2024

Major breakthrough in treating the coronavirus, a steroid that could cut deaths significantly among the sickest patients jay powell assuring the market is willing and able to backstop the economy. And finally, fiscal stimulus reports the white house is preparing a trillion dollar infrastructure package for everything from roads and bridges to 5g network. So, were these the three things the market needed to hit it big today . The three horsemen. Hi, mel. Hi, guy how are you well, i mean, they definitely helped, and im looking forward to Jerome Powells testimony tomorrow when somebody asks him what his favorite hardhitting question, what his favorite color is thats always riveting to me its all about the fed i think we all agree with that their commentary has been nothing short of astonishing the infrastructure supposed infrastructure bill, obviously, caught everybodys attention im hard pressed to believe that will get through this ....

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CNBC Closing Bell July 12, 2024

Breakthrough theyre preparing a long promise but never delivered infrastructure bill. The s p 500 is higher by 2 . Broad rally today well speak with the House Majority whip about his call for big banks to die eventualth more information about the Paycheck Protection Program and whether it favored Big Companies over Small Businesses plus, as sarah mentioned, a major breakthrough thats what searchers are calling a new study into the effectiveness of an inexpensive steroid to treat covid19 patients you dont want to miss that interview. One of the factors behind the surge in the markets today lets focus in on the big markets. Mike santoli, we have the highlights from chairman powells testimony earlier today. Courtney reagan is covering the surge in retail ....

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KPIX KPIX 5 News At Noon July 13, 2024

Testimony from the white house is Coronavirus Task force. And . They are testifying about the governments response so far to the pandemic and expressing some concern. Little spikes in the virus could lead easily to more widespread outbreaks, taking a live look right now at capitol hill with that testimony is coming in remotely today, because members of the Coronavirus Task force were exposed to a white house staffer who tested positive for covid19. They say they are focused on beefing up testing and tracing to allow states to safely reopen and gave a warning if that is not properly done. There is a real risk that you will trigger an outbreak that you may not be able to control which paradoxically will set you back, not only leading to some suffering and death the could be avoided, but could even set you back on the road to try and get economic recovery. Doctor bhati warni ....

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CNBC Closing Bell July 14, 2024

And possibly easing sanctions on iran. Josh, kind of a quiet market day here interesting rotations going on what do you make of the action today . This week its just been incredible for anything of value versus growth, anything small over large and theres a tend densy when we see these outside moves. For example, russell up 5. 5 over the last week theres a tendency to look at that and say ive missed it or that has to be the top of something. When you actually go back and find examples of this sort of thing happening in the recent past, actually that always had taken place at notable bottoms in the russell 2000. For example, we had three versions of this in the year 2016 where you have just this incredible week for small cap, for value and it wasnt the end of something or a blip it lully was the end of the selling. You can stay with this trade if youre on and. Portfolio tilt for smallend value. After a really long drought of good news. So a lot of people are happy about that take a look ....

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