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Transcripts For CNBC Squawk 20240704

Nearly 2 billion eu fine, while two new notes say, hey, dont worry. They suggest an apple comeback likely. As for tesla, well, its china struggles continue. Shipments plunging to the lowest level in more than a year. Lets begin with the markets entering a new week with record highs, fueled once again, jim, by a. I. , which seems to be the topic of so many weekend notes the last couple days. Oh my, carl. A lot of people want to say that the whole things gotten out of control, but lets say you go back a year, and you look at what nvidia the estimate for 2024. The stock was selling at 12 times earnings a year ago, so we can sit here and moan how expensive it was, but its by far the cheapest of the mag seven or mag six if you want to drop musk. But i think the problem has always been that when you look back, this thing is so underestimated in terms of what it can make that you dont know how to value it. What are you going to do, take it to nine times earnings like its a bad bank . Jim, my

Transcripts For KGO ABC7 20240704

Start with a look at our weather. Drew. Yeah it really is incredible what happened in the sierra. That snowstorm is wrapping up. That blizzard warning is done here locally. We have a couple of isolated showers, one crossing into the east bay, moving through san leandro right now. Another isolated shower in the Santa Cruz Mountains are just on the tail end of our weekend storm in the sierra. The snow is wrapping up, but we are dealing with feet of fresh powder. Thats why crews have had a hard time clearing a lot of this snow. Updated snowfall totals will come this morning, but some areas have close to 90in of new snow out of this storm. Back here at home, its cold out there this morning. Frost advisories are posted. Were starting out in the 30s and in the 40s. Well keep that chance of an isolated shower in this morning into the afternoon. Its all about the cloud cover and those cool temperatures. Only in the 50s. Lets see how the commute is going. Gloria good morning. Good morning slick

Transcripts For CNBC The 20240704

Fresh data from ice on home prices and supply and how were setting up for the important spring selling and buying season and thats coming up, but first, lets get a check on the markets overall which are relatively mixed and were flat for most of the major indices and the dow is up 0. 1 near session highs and we were down much earlier in the day and the s p 500 just about flat on the session and the last trade, and the nasdaq composite 16,250 thereabouts off 0. 2 . Meanwhile, check out whats happening trendwise for many of the Regional Bank out there and basically green across the screen as people are starting to see some signs of value out there and perhaps getting a mean reversion trade and Short Covering and people taking out some of those bets on the down side and taking profits there. On the Regional Banking side, you can see the etf is doing relatively well and Zions Bancorp will be taking on the s p 500 this month and the up oncommunity bancorp is up three bucks a share on the bi

Macy's Profit Beats Estimates as Turnaround Shows Progress

Macy's posts earnings beat as turnaround attracts affluent shoppers

The department store chain said its "Bold New Chapter" strategy is showing signs of progress