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CNBC Power July 3, 2024 - Vimarsana News

CNBC Power July 3, 2024

4. 789 . Meantime, couple of stocks to tell you about. Mccormick, the spice company, reported today. Earnings were lower than last year in line with estimates. Sales also fell missing estimate. Thats why the stock is off today by 8 and 17 so far this year. Airbnb also lower. Key bank downgrading the stock saying the tail winds have been helping the company are starting to slow. Airbnb still up 50 year to date, tyler, but down almost 6 today. All right. Thank you, kelly. We begin with breaking news at the capitol in the effort to ois Kevin Mccarthy as speaker of the house. It is coming to a vot...

MSNBCW Alex July 3, 2024 - Vimarsana News

MSNBCW Alex July 3, 2024

Of you from Msnbc Roe Headquarters here in new york. Welcome everyone to alex witt reports. We are beginning with this Breaking News. Hundreds on capitol hill as the federal government heads towards a, potential, shut down in just 12 hours. Soon the house will vote on speaker Kevin Mccarthys new plan to keep Government Open. We see those votes being cast, in fact, as we speak. However, mccarthy is leaning on democrats to support it admitting that there is no guarantee that his own caucus would do it. The house is going to actually government will not shut down. We will put a clean Funding Stop...

CNBC Closing July 3, 2024 - Vimarsana News

CNBC Closing July 3, 2024

Dream of rate cuts either further out of reach or maybe later in the year. Were going to find out. Weve got a great panel to kick things off in the meantime, here is your score card with 60 minutes to go in regulation. Green across the board, dow, s p, and nasdaq up the nasdaq is up 2 . Hard to believe but true, nasdaq on pace for its best week of the year in fact, best week since november and we had a huge selloff at one point yesterday. What a turn around my neck hurts from the whiplash. Comes of course from what else, big tech microsoft and alphabet moved those names and the markets higher ...

CNBC Fast July 3, 2024 - Vimarsana News

CNBC Fast July 3, 2024

In inflation lets take a look at where we are right now. Communication services down the most, 5 , were going do get into consumer discretionary. Two sectors are hanging on to the green, albeit just barely with utilities what a report. When we got this gdp report, below consensus, well below certainly where we were last quarter. What does it make you think . Theres a difference between being concerned about the top line missing because we could actually see that be revised up over the course of the next couple of weeks. I think the challenge is the data showed that the inflation on a month ove...

CNBC Fast July 3, 2024 - Vimarsana News

CNBC Fast July 3, 2024

Bespoke. This is how i want to kick off the conversation. The last four septembers for the s p 500, 2020 were down 4 . 2021 down near 5 . 2022 down more than 9 . 2023 down more than 5 . That sounds bad. The last three q4s, 2020 up almost 12. 2021 up almost 11. 2022 up 7. 2023, question mark. Do we have a repeat . Does history repeat itself . Do we have a good Fourth Quarter for stocks . I believe it will be a positive quarter. Ive said that on air. You have significant quarterly weakness, well talk about the reasons why in a second. I do think the prevailing trend of 2023 takes hold once again...