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Transcripts For BLOOMBERG Bloomberg Technology 20240711

How he plans to wipe out the disease. Still, no concession from President Trump who has been flooding facebook and twitter with unfounded messages that the election was stolen. Expecteddministration not to play so nice with big tex. Expect more public engagement, public oversight, and regulation. Those stories in a moment. Paring gains. Ocks markets widely mixed at the end of the day on a bit of an ugly close despite intraday record highs. What are we seeing here . Abigail if you had a dollar for every time i said this, you would have a nice pile of money. It was another wild day. Stocks surging out of the open. The dow up nearly 6 . Russell 2000 hitting its first record high, more than 6 . At the close, we had stocks pullback to some degree. Up. Dow closing where we had losses, the nasdaq 100 down 2. 2 . The faang complex, those make a cap stocks, down 3. 2 . The reopening trade clearly doing very well with pfizer which itself was up about 8 on that vaccine. Certainly a light at the e

Transcripts For BLOOMBERG Bloomberg Technology 20240711

President trump who has been flooding facebook and twitter with unfounded messages that the election was stolen. The new administration expected not to play so nice with big tech. Expect more public engagement, public oversight, and regulation. Those stories in a moment. First, u. S. Stocks paring gains. Markets widely mixed at the end of the day on a bit of an ugly close despite intraday record highs. For more on the markets, lets hasto Abigail Doolittle who been watching the ups and downs. Abigail, what are we seeing here . Abigail if you had a dollar for every time i said this, you would have a nice pile of money. It was another wild day. Stocks surging out of the open. The dow up nearly 6 . Russell 2000 hitting its first record high, more than 6 . At the close, we had stocks pullback to some degree. The dow closing up. Where we had losses, the nasdaq 100 down 2. 2 . The faang complex, those make a cap stocks, down 3. 2 . The reopening trade clearly doing very well with pfizer which

Transcripts For BLOOMBERG Bloomberg Technology 20240713

Bostick. The to us about what drove numbers down again today . It seems they are waiting on a stimulus package from the senate. Romaine that is really where all eyes are right now. You saw the market rally in the premarket but all of those gains faded and we ended up down on the day because of the negotiations that have been going on in washington. We had a vote to advance that bill in the senate. That failed to get the 60 votes needed. You saw the market sort of sell off as a result. Mitch mcconnell said that it could be friday before this bill even makes it out of the senate. It still has to go to the house and to President Trumps desk. From there, you still have to get that cash to people. The more time it takes to get this out of congress, the more you will see these market gyrations. The market wants to know who will be helped and how much they will be helped by. Fory it was an awful Day Financial stocks. Romaine this is all about the concern that there is a credit crisis. We have

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