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Transcripts For CNBC Closing Bell 20240713

Have set new alltime highs today with corporate earnings sending some mixed messages to investors. And the target miss rippling through the market, were seeing some take a hit. Joining us for the full hour, paul hicky, cofounder of the spoke Investment Group do you see any interplay between these big stories that were watching today so i think combined, they play into themes that weve been looking at coming into the year. So the pros and cons of the market heading into 2020 now, were pretty much evenly split. And the target could be a sign that maybe the economy is a little bit weaker than people are seeing were seeing weaker than expected data. On the positive side, were seeing the market continue to hit new highs. And the number one positive we look at is dont fight the tape. When we see new highs like this, you dont want to fight the market and trade is important its not necessarily a positive or negative, but at least weve got this behind us and theres very little in the way of exp

Transcripts For BLOOMBERG Bloomberg Technology 20240713

We will discuss why the chipmaker chose now to release the information. And automation transportation. A selfdriving semi makes its first crosscountry freight run. We will hear from the company who performed this feat. But first to our top story. Stocks barely moved on the day as investors continue to wait for news on the potential december 15 tariffs. On the year, it is a different picture. Joining me to talk about this years big gains for stocks and tech in particular is abigail doolittle. The tech sector up 40 this year. S p up only 25 or so. Why are traders looking past all the tech macro headwinds . Abigail great question. Maybe climbing that wall of worry. Those gains are simply extraordinary. The s p 500 up only 25 . But it pales in comparison relative to tech, up 40 as you mentioned. Hardware doing especially well. Techs best sector since 2009. That was coming out of the financial crisis. At that point, stocks were on a bargainbasement sale. That is the kind of buying we are se

Transcripts For BLOOMBERG Bloomberg Technology 20240713

Dominate the top pay tier. We will discuss why the chipmaker chose now to release the information. And automation transportation. A selfdriving semi makes its first crosscountry freight run. We will hear from the company who performed this feet. But first to our top story. Stocks barely moved on the day as investors continue to wait for news on the potential december 15 tariffs. On the year, it is a different picture. Joining me to talk about this years big gains for stocks and tech in particular is abigail doolittle. The tech sector up 40 this year. S p up only 25 or so. Why are traders looking past all the tech macro headwinds . Abigail great question. Maybe climbing that wall of worry. Those gains are simply extraordinary. The s p 500 up only 25 . But it pales in comparison relative to tech, up 40 as you mentioned. Hardware doing especially well. Since 2009. Sector that was coming out of the financial crisis. At that point, stocks were on a bargainbasement sale. That is the kind of

Transcripts For CNBC Mad Money 20240713

Dp lets say it gave a nice boost to the averages. Dow up, s p 500 up. 33 . Nasdaq up. 33 interesting synergy there, huh but as important as the Federal Reserve might be, can we just say that its not the only thing that matters there are a lost constraints on companies these days that have nothing to do with the fed and after hearing from apple and facebook after the bell, can you imagine these two Huge Companies tonight, you know what its head scratching i mean, theyre up weve got to devote more attention to a couple of things in particular i never really talked about on this show. We need to spend more time talking about the lack of time to consume all there is out there and we need to spend more time talking about the government, meaning the newfound menace of government when it comes to classic digitized now big business while facebook and apple both reported strong numbers i think the stocks should have been up much more than they are in after hours. Theyre good but i expected grea

Transcripts For CNBC Mad Money 20240713

Me jimcramer help the employment, not a recessionary number, fed on the side of the bulls, consistency in china what more could we want out of stocks no wonder we reversed yesterdays loss and put on quite a show hall helujah rally climbing. 97 to record levels and nasdaq pulling 1. 13 , also a record. We spent the whole summer hearing expests warn that the economy is heading for a recession. And the stock market toward a cataclysm. I told you that was probably nonsense consumers have been very, very strong we have a weak Industrial Base so the fed needed to give it a boost and thats what happened this week. That why todays rebound from yesterdays suppressed levels makes perfect sense. All right. Thats history can the run continue i think it can let me tell what you could help. Lets start with monday. On monday, you have heard me speak of him many times on the show, alwaysbankable ceo of adobe. Hes holding what could be a semiabilityist meeting to said the crowd. They have been the bigg

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