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Transcripts For CNBC Closing Bell 20240713

All of faang higher with names like paypal up 5 today. We have two bad final hours of trade over the last two sessions and we have sold off over the last couple of hours off the session highs as we stand. Ahead on todays show, well speak exclusively with Thomas Barkin on the heels of another massive jobless number why he says we may be at the bottom of the downturn he just said that on a podcast about an hour ago. Plus, former treasury secretary, jack lew, will join us to discuss the governments tuss efforts and whether cash is going to the right places and the countdown to another big afternoon of earnings. Uber, roku, dropbox and trip adviserme adviser. Well bring you all the numbers you need the know as soon as they hit were off the session highs. Dow high was 430 points. Up 206 just shy of a percent s p 500 and nasdaq still up more than lets focus on the big stories mike is tracking the market rally. Meg has the latest on moderna jumping on news surrounding its vaccine candidate, b

Transcripts For DW Business 20240713

Giant quite a way to talk to the chairman of the board young what its been a difficult year for this company its in the midst of a bitter trade war between china and the us which is banned all Governmental Agency to use a quick moment on suspicion of espionage and leaders governmental leaders from all around the world are openly discussing their concerns about the trustworthiness of hallway as they are building their 5 g. This is young by chairman of the board of directors of why way thank you so much for being on our program. Or your friends im happy to be here today to talk to you. So who are always in the midst of a bitter trade war between china and the United States of america are you running scared by the end of this year a woman where you all were not concerned. The u. S. Governments decision to. While weight to the entity list has just created a lot of extra work for us that. We have had to redesign some of our products and make sure our supply chain can continue to deliver pro

Transcripts For DW Business 20240713

Rebuilding our supply chain delivery installation and testing to ensure that we can provide the best possible products and services to our customers. So i want to go because of a couple but still your founder misses and said some months ago. Who always kind of like a plain heavenly hit a machine and so what do you say when you see this picture and do you agree to that what can you how to survive yes i agree with him bungs the airplane shown in this picture kept flying even after being riddled with bullet holes but it finally made its way back home. To him said jeff in what way is like that airplane when we were added to the entity list by the u. S. Government engine pinch here to land safely we have to solve many problems and patch up these holes one by one which is like redesigning some of our products and ensuring supply continuity is a woman a good. But missile young. I mean no china obviously responds in a way saying we in time only one. Could mend produced by Chinese Companies as

Transcripts For DW Business 20240713

Around the world are openly discussing their concerns about the trustworthiness of hallway as they are building their 5 g. Mr young by chairman of the board of directors of who i weigh thank you so much for being on our program. Or your friends im happy to be here today to talk to you. So who are always in the midst of a bitter trade war between china and the United States of america are you running scared by the end of this year a woman who are not concerned. The u. S. Governments decision to add while weight to the entity list has just created a lot of extra work for us that i wont be should we have had to redesign some of our products and make sure our supply chain can continue to deliver products to our customers in a timely manner. Despite all the pressure so our top priority is to ensure survival. I you at the same time were also making sure our Company Keeps developing guys want a woman of communion one goal. We will focus on the entire process and its from Product Design and ma

Transcripts For DW Business 20240713

This is young by chairman of the board of directors of who i weigh thank you so much for being on our program. Or your friends im happy to be here today to talk to you. So who are always in the midst of a bitter trade war between china and the United States of america are you running scared by the end of this year a woman when you were not concerned. The u. S. Governments decision to add while way to the entity list has just created a lot of extra work for us that. We should we have had to redesign some of our products and make sure our supply chain can continue to deliver products to our customers in a timely manner. Despite all the pressure thats our top priority is to ensure survival. At the same time were also making sure our Company Keeps developing. We will follow. Its on the entire process from Product Design and manufacturing to rebuilding our supply chain delivery installation and test to ensure that we can provide the best possible products and services to our customers and o

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