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CNBC Squawk July 3, 2024

You have the nasdaq up by almost 9 treasury yields are a little weaker t tenyear yield at 4. 814 . And openai will have a product Conference Announcement today. Sam altman said they will not launch a Search Engine, but working hard on new stuff they think people will love and feels like magic to me according to people close to the information. This Technology Rolls Image Recognition into one product for advanced Voice Assistant and separately or maybe not separately, you will see how things are coming together apple nearing agreement to use openai and its technology on the next generation iphone to allow apple to offer the chatbot as part of the features that are coming next month. The big issue t ....

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CNBC Fast July 3, 2024

Beijing. We will take you there coming up. Later, not just for boomer, the new generation that is getting the gold bug a big week for a semiconductor not named nvidia have a coke and a smile. More on the giant. We have tim seymour, and Karen Finerman here with us. And the penny pinching consumer, news today that the fast food giant mcdonalds is getting ready to introduce a 5 menu to help pull diners back into the stores after the Company Posted the first earnings miss since 2022 in the First Quarter. 2 cents below estimates. The Revenue Growth the lowest in a year mcdonalds shares have been struggling since the report but got a boost after todays news as investors seemed to welcome any relief for consumers after all, sentiment falling to the lowest level of the year, ....

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CNBC Squawk July 3, 2024

Could even raise rates too thats interesting. Druckenmiller talked me into no guidance. That sounds like what kashkari said yesterday. It could be anything. If youre truly independence, how can you give guidance . Its sort of the transparency. If you really dont know hourks do you give guidance . At least so thats symmetric risk i would like to believe if they needed it, theyll do it i was thinking about the dow managing the close higher, up 32 disney was down 11 what is it 7 or 8 or something . Its a lot. The rest of the components and we have tom rogers coming on to talk about disney. We should you know, he did not give us an indication we talked about the trading down and the experiences and whats going on at the parks. If you look at what really happened in the market, it was on the guidance all around the parks, but there was this sort of i think theres a disappointment in the sub levels. He gets down and looks at what theyre drinking at the parks. I think hes a good man. I think ....

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CNBC Squawk July 3, 2024

Start. How do you start six months, andrew, in terms of the markets and the economy and what weve heard from the fed. Its like a tolstoy novel. You could do a month and it would take a half hour to go over everything we have seen you throw in a. I. And his investments around the world and you remind yourself 30 years 30 plus every year. That is almost its an amazing thing probably will never been done again. I dont know how it was done once unless you made some deal with someone who knows these things to do that well is spooky. Its scary i guess it comes from being smart. Were okay. Hes one of the smartest when it comes to these issues that will be 25 minutes of stan hes going to be in your chair you got to give your chair to someone. I would warm it up for stan. Perfect lets check the markets which well be talking about at length today u. S. Futures indicated up about 78 points. Mixed on nasdaq which is off a little so much of it has to do with a lot of what we are talking about which ....

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CNBC Squawk July 3, 2024

Turn it off, please. Lets see what happened here this weekend. This is the first time this meeting took place without Charlie Munger being here. Before Warren Buffett took to the stage, this was a stage where there was a lot of emotion that came into this here with a standing ovation for charlie at the top. Roll that back down, please. A standing ovation for charlie right at the top of the meeting after a movie that played a halfhour movie, that played his highlights over the years and funny skits they had done and a standing ovation from 40,000 people who were here at the Convention Center. Pretty emotional day. Warren buffett made news. It came out when the companys 10 q hit. People were looking to see it and it trimmed stake in apple by 13 in the quarter. It sold about 116 million shares. A lot of questions as to w ....

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