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CNBC Squawk July 4, 2024

Read tomorrow. Not so invisible. The chip giant notching its biggest stock reversal in nearly seven years and the biggest single day percentage decline since last may, plus targeting tiktok. Theres a bill thats moving through Congress Pretty quickly that could ban the social media platform in the United States. President biden says if, in fact, it passes congress, hell sign it. Lets begin with what will be a very busy week for the markets that ended friday with a losing week for the s p. We havent done that for a few times, but it didnt stop your former employer. That is true. Berens. I think the nature of the decline, you mentioned the reversal in nvidia and we had an almost made to order jobs number and the market didnt exactly shrug, but it wasnt able to capitalize on it. It highlights a couple of the things people have been suggesting would be a test for the market, which is its become a bit overreliant on pure momentum on certain segments meaning the types of stocks that are doing

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