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Transcripts For KGO ABC 20240704

Promotional products from four imprint. Com or imprint four certain hey you feel like some baby hesing for the mommy still catching feelings for your bills for you feelings for you. Hey you feel like something. Good morning america. Welcome back. A fiery plane crash outside los angeles leaves two people dead. The single engine aircraft went down near the runway at van nuys airport. Witnesses say the plane plunged nose first into the ground before bursting into flames. The cause is under investigation. In a hostage situation in ohio has ended with the death of two suspects. Police say two people a big rig with the driver still inside during what should have been a routine traffic stop. Instead, they say the suspects took off, eventually stopping near dayton airport. Thats where they exchanged gunfire with state troopers, both suspects were killed and the driver suffered minor injuries and an urgent search is underway for a georgia mother of four who has been missing. Now for more than t

Transcripts For CNBC Squawk 20240703

The retailer sees some booming ecom sales. And of course buffetts big surprise, revealing a secret Minority Stake in one of the markets biggest insurers. S p closes above 5,300 first time and the dow does inch closer to 40,000, jim. You said this morning, overbought, but things can remain overbought for a while. When it gets this overbought, when theres so many different buyers, and we have had this a couple times, bill paul does the great work for the oscillator, you can actually have a sustained churn, flop and chop. It doesnt plummet if youre up at these levels. It kind of just marks time. Now, we did have one of these last year where we came in, the first couple days, nvidia got slammed, the big momentum guys got slammed. Then, they came right back. I know it sounds odd, but you can get to an exalted level like we are now and have some rotation internally, but its not like when were like plus 5, 6, really fast and then boom. I know i dont want to be complacent, but when you see a w

Transcripts For CNBC Squawk 20240703

Chat box while google teases new ai. Inflation data year on you 2. 4. Thank you to weinstein for the great interview. Its because the revision is so steep. Up. 2. I never want to challenge numbers. People work hard to do them. When you have that kind of revision, its not what you get at amazon or sales force. Meaning what . Theyre not using enough who would come up with a product that could be that wrong. Do you have any product in your life that could be that wrong . Its all survey based. Other Companies Know how to do surveys. Theres too much on the line. You believe as a result what, that you cant believe the current numbers . No, i cant. Im saying that the bond market is indicating the stuff doesnt matter. I dont ever want to Say Something doesnt matter. The only numbers people base policy off of is pce. The unemployment number at the beginning of the month. When i look at these numbers, what are they worth . How could you be so wrong . Thats a gigantic delta. My take is people are

Transcripts For CNBC Squawk 20240703

Inflation had markets wondering what comes next. What comes next is the cpi at 8 30. Crude oil prices are slightly higher. Up. 80 . Now to the latest headlines in israel. The minister of energy and infrastructure saying overnight the siege of gaza will not be lifted until the hostages taken by hamas are returned home. In the meantime, u. S. Secretary of state blinken arrived in tel aviv today. He is meeting with Prime Minister benjamin netanyahu. The Palestinian Organization posted on x that blinken will meet with abbas tomorrow. That is coming up tomorrow and the expectation is any invasion of gaza will not happen while blinken is there. That is in the next sixtoeight hours. White house officials saying they arie leaving open the possibility of refreezing the 6 billion after the prisoner swap with the support of hamas attacks on saturday. U. S. Spy agencies have obtained intelligence that shows iranian leaders were surprised by the attack. A second source describing intelligence that

Transcripts For CNBC The 20240703

Companys products spans various sectors. Thats what makes it so interesting. The ceo will join us exclusively ahead, but we begin with todays market and bob pisani at the new york stock exchange. Bob . Hello, jon. Good to see you. We have been chopping around in a fairly narrow range and the trend is up and certainly since the pc report and the s p 500 and the trends been up here were trying to get to the 200day moving average and were at 5114 now, slowly, but surely. A lot of strength in boeing, thats great news. Apple. Caterpillars been strong. Goldman sachs has been strong and thats at a 52week high and a number of big movers nasdaq, the bigcap tech is mixed and lets take a look at the midcap tech stock and meta and alphabet is down 2 and amazon will close tomorrow and it is up fractionally here global industrials have been having a great little run in the last couple of days and thats good to see. Boeing, lets get out of this month and one of the worst month ever and boeing was nea

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