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CNBC Power Lunch July 12, 2024

Up 67 from its march low after what was a run the new high. You have sales force, youve got apple, microsoft some of the tech titans all under pressure thank you very much i like the fnew angle on the house. We have the market angles as well rick is looking at the bond market where its rebounding bob, lets start with you. Remember, we could go either way right now. Remember yesterday look at the s p. Around 11 00 we bottomed what we have is a good example of of shooting the last eight trading sessions for tesla, 400 eight days ago it goaes to 500 and back to 400 thats a complete round trip and overshoot on the downside as i mentioned before same thing with nvidia it was 500 five or six trading sessions ago goes to 580 and back down to 500 and below that. You can overshoot on the downside theres the s p there. You tend to overshoot on the downside as for the megacaps, a little perspective of whats going on its true that microsoft was down 7 to 8 this week its up 33 for the year this is

KTVU KTVU Mornings On 2 At 7am July 12, 2024

The haze and the fog. 50s everyone reporting clouding to mostly cloudy skies. Oakland and san dont see that all the time. Smoke for alburns off recent times. Wind this pick up later once the fog burns off. As far as i can see, a fog bank that we carried over to september 1st. Hazy skies today, morning fog, a little temperature changed. Big temperature change not until the weekend. Morn 10 minutes, temperatures except for livermore below average. Over to the sound emma picking up the bay bridge, still the case, you want to start there. I will start and san jose, steve, i will show the total times unless it is very rare i dont. Your right about that. I want to start with the san jose thing, we are finding out of a deadly accident southbound 880 at the old bayshore offramp where but the arrow right there. Not affecting traffic all that much, there will be a scene along with the corner coming up southbound 880, we are investigating that. Otherwise in the south bay we are doing okay, this g

KTVU KTVU Mornings On 2 At 7am July 12, 2024

We will have some cool down again next week ill pick after today we will have a little warmup but a lot of fog and storms in the mountains erupting the last couple of days. A little overcast and breezy to just a roaring delta wind at some Higher Elevations of 30 . 50s and 60s on the temperatures and there is some sun breaks but thats a pretty decent fog wake when you get 3045 mile per hour wins out there setting the stage for cooler day today. That fog bank is large and temperatures mostly below average today. In the city, do you want to start their . We do want to start in the city. Thats for sure. We have a big problem. A couple of different crashes with one car on fire on 80 westbound right here in symphysis go. You can see that it looks like the bar may be out but the lanes are blocked here from that picture we are showing you from a caltrans camera. I can put it on the map for you here and show you what it is doing to traffic. And slowing all the way across the bay bridge. Here is

CNBC Squawk Alley July 12, 2024

Intel is the story the margin story, the share loss or more. Looking forward to getting some more detail and clarity from the ceo of intel that will join us in just a few minutes. This is not all bad news there is a beat on the top and bottom lines really the focus is on manufacturing which is, you know, for generations literally it has been one of intells hallmarks and advantages now the manufacturing job not like i have seen ever in the period that i have been covering the company. Yeah, and john, i think it is a big question for the longer term what makes them so confident that it will be six months and i know we always play this game, but we always look at this, how much has intel shed. Perhaps, guys, what might matter most is that it has fallen blow nvidia they have been neck and neck going back and forth and that is probably the one that hurts. That is interesting i would say in a way less interesting than amd which is really head to head against intel right now in the argument a

KTVU KTVU Mornings On 2 At 7am July 12, 2024

As advertised. Some of those really arrested over the weekend. Atmosphere looks to be primed for it. San jose had some low clouds and then they pretty much disappeared so its pretty much clear. Also over livermore it is clear. Theres a little bit of a breeze at fairfield at 26, but not much. Generally it is the overcast. Temperatures 60s, 70s, anywhere near the water and then 70s and 80s if you get a little inlet and then after that you can find 90s but temperatures are pretty close to seasonal averages and i dont think theyre changing anytime soon. We saw little backup at the bay bridge toll plaza, do you want to start there or somewhere else . Well we have to start near American Canyon. There is a grass fire on jamison canyon road and that is blocking access on highway 12 westbound as you head over towards the highway 1229 junction. I wouldnt head west on there right now. I would had to the American Canyon a different way. Chp is doing a traffic break for a grass fire right here wher

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