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Transcripts For CNBC Squawk 20240703

With a three handle. A shutdown possibly this weekend. Shares of nike are rallying despite the first revenue miss. The company saying that it sees resilient up canner both here in the u. S. And in china. And the street now braces for a potential Government Shutdown as soon as tomorrow night. Meantime we knew pce was going to be the tent pole data point of the week and some relief we got. Yeah, people leaning towards the idea that it would be a relatively softer number based on some of the clues going into it. As expected, we spoke around the close yesterday, i said that were going to be allowed to mark our fear to reality here. Because it has been all about, wait, what is going on with the messy selloff. It seems upnanchored and a life of its own. And yesterday gdp revision, today pce inflation number. So we have the economy we more or less thought we had. Getting a bit of a bid in stocks. It is all coming together almost a little too crypted. Maybe last day of the quarter. You have ha

Transcripts For CNBC Closing 20240703

Biggest bank by market value is saying he would not be buying bank stocks right now. But first our talk of the tape, while this weeks crucial catalyst to the advantage for the bulls or the bears with the s p 500 stuck in a sideways range since midjuly. Welcome to you all. You wouldve thought perhaps on monday of this week with a lot at stake in terms of these announcements, maybe the market would not do much. We are making a little bit of upside progress. What is your read on the action and rather it by implicitly the market is in the soft landing camp . The market right now has been in that soft landing camp. I think at the beginning of the year consensus that we were going to go into a recession, as that has obviously come off as a probability we have had a huge berating. I think unless we see the tenure firm in about 4 1 4, the twoyear firmly above five as we still bounce around those levels i think the market remains in the soft landing. I do think as we get further into the endoft

Transcripts For CNBC Closing 20240703

Biggest bank by market value is saying he would not be buying bank stocks right now. But first our talk of the tape, while this weeks crucial catalyst to the advantage for the bulls or the bears with the s p 500 stuck in a sideways range since midjuly. Welcome to you all. You wouldve thought perhaps on monday of this week with a lot at stake in terms of these announcements, maybe the market would not do much. We are making a little bit of upside progress. What is your read on the action and rather it by implicitly the market is in the soft landing camp . The market right now has been in that soft landing camp. I think at the beginning of the year consensus that we were going to go into a recession, as that has obviously come off as a probability we have had a huge berating. I think unless we see the tenure firm in about 4 1 4, the twoyear firmly above five as we still bounce around those levels i think the market remains in the soft landing. I do think as we get further into the endoft

Transcripts For CNBC Closing 20240703

Biggest bank by market value is saying he would not be buying bank stocks right now. But first our talk of the tape, while this weeks crucial catalyst to the advantage for the bulls or the bears with the s p 500 stuck in a sideways range since midjuly. Welcome to you all. You wouldve thought perhaps on monday of this week with a lot at stake in terms of these announcements, maybe the market would not do much. We are making a little bit of upside progress. What is your read on the action and rather it by implicitly the market is in the soft landing camp . The market right now has been in that soft landing camp. I think at the beginning of the year consensus that we were going to go into a recession, as that has obviously come off as a probability we have had a huge berating. I think unless we see the tenure firm in about 4 1 4, the twoyear firmly above five as we still bounce around those levels i think the market remains in the soft landing. I do think as we get further into the endoft

Transcripts For CNBC Closing 20240703

Biggest bank by market value is saying he would not be buying bank stocks right now. But first our talk of the tape, while this weeks crucial catalyst to the advantage for the bulls or the bears with the s p 500 stuck in a sideways range since midjuly. Welcome to you all. You wouldve thought perhaps on monday of this week with a lot at stake in terms of these announcements, maybe the market would not do much. We are making a little bit of upside progress. What is your read on the action and rather it by implicitly the market is in the soft landing camp . The market right now has been in that soft landing camp. I think at the beginning of the year consensus that we were going to go into a recession, as that has obviously come off as a probability we have had a huge berating. I think unless we see the tenure firm in about 4 1 4, the twoyear firmly above five as we still bounce around those levels i think the market remains in the soft landing. I do think as we get further into the endoft

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