A four basis point move higher. Bitcoin hitting records once again, above 17, we saw some choppy days last week but we are still riding high as we watch for more excitement about digital assets. We talk about the equity side, we are watching meta shears dive as one of the biggest losers in the s p 500 and it is selling off by the most in october, that is after donald trump suggested a tiktok man would only benefit the social media giant. Shares of apple gaining after lagging so far this year due to concern over iphone sales in china. We are watching shares of moderna, surging after starting midstage trials of its experimental cancer vaccine and it follows a study that showed patients on the keith roda vaccine patients on the vaccine were 49 less likely to have their cancer return. Remember President Biden said lawmakers, his physical 2025 budget proposal, aiming to reduce the deficit by 3 trillion over a decade. Kailey leinz is in d. C. With the details. They do aim to reduce the defic
End down today, it will probably still be a strong july wall streets eyeing what would be a fivemonth winning streak thats very impressive. It is we have some downgrades today on the research front. Ford, ge, csx, u. P. S. , salesforce, thats just a few. We will dig into some of the reasons why. And twitter left its heart in san francisco, but elon musk saying the newly branded company, x, will still call that city home despite its downward spiral, as he says ill be out there next month. You will . Well, september, for dreamforce oh, dreamforce. Im a big believer in the city, and i was out there in september and was i dont want to say i was horrified. But its mnot the city that i remember were going to talk more about that, but i want to get to the markets as we start our coverage for the week. Today is our last day of july. As we said, fifth straight month were coming off what was a fairly strong week sure. And what seems to have been generally speaking, and of course, we got a lot mo
As shares fall to its lowest since middecember. One of our traders says the company is ripe for an activist to take a stand in the stock what theyre looking for and what it could mean for the tech giants investors. Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight steve grasso, karen finerman, guy adami, and dan suzuki. Bitcoin now at its best level in more than two years, just off its alltime high. The recent rally prompting a rush of retail trader activity into the space. Crypto platformcoinbase reporting trouble handling the volume with some users reporting zero dollar balances in their account. Ceo Brian Armstrong responding to the issues on x, saying, we are dealing with a large, in all caps, large surge of traffic. Apologies for any issues you e counter. The team is working to reimmreme remediate. Is the fear of missing out setting traders up for pain or can this really keep riding higher . Guy . Well, bk, who is with us in a few minutes, hell ex
First republic and theyre not my main bank. Charles get the kisco ball . Liz disco ball, of course. Doesnt work if you dont have the disco ball. Chris thank you for the trade. The stocks are wiggle around here and anyway and the majors began losing afternoon gains after around 2 00 p. M. Eastern, thats when the Federal Reserve released the Second Quarter senior loan officer Opinion Survey and Dow Jones Industrials was already over the map and and the banker tightened a quarter for all loan categories and consumer real estate and auto loans and survey rerespondents and considering that on this last day of july and regional, zion, key, and top seven winners over the last 31 days and look at which index was on pace to grab the best performer of the month. Gold medal and big tech sucking up the oxygen in the room and turns out small and mid cap stocks rob the nasdaq of the win. We have 59 minutes left to trade on russell 2000 looking to close out july with 5. 8 gain. Nasdaq this, dont get
So what is driving this revival in bitcoin . Erin delmore reports. Its been more than two years since we have seen Bitcoin Cross the 60,000 mark, but the cryptocurrency did just that on wednesday, even soaring to 64,000. It may be closing in on its all time high of 68,000. There are a few reasons why crypto enthusiasts are fired up About Bitcoin these days, newly approved Spot Bitcoin Exchange traded funds have investors buzzing and there is a change coming up in april when bitcoin miners start getting less bitcoin for their efforts and the spectre of lesser supply fuels more demand. 0ne lesser supply fuels more demand. One more thing than any background here, the Federal Reserve is expected to cut Interest Rates this year, that stokes investors because interest in alternative investments like cryptocurrencies. But its not all smooth sailing, some uses of queen based global, the largest trip to exchange in the us unexpectedly saw their balances drop down to zero among the bitcoin buzz