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Transcripts For CNBC Squawk 20240703

Here the dow fell 300 points on word of the attack, but we are modulating slightly. Treasury yields and crude as well oil prices in just a moment. Tenyear note at 4. 58 the expected run to safety. The question is is this performative to show we are retaliating. The reaction in the commodities market the initial reaction was steep and then we pared the gains. Crude is 82. 57 the story is in brent which surged above 90 a barrel. Were back below the level right now. As for gold, 2 2,395 that is unchanged. Bitcoin had the same reaction as we saw over the weekend with the initial strikes from iran. We had bitcoin now higher at 2. 4 64,882 as we await the halving which is expected over the weekend. Lets get a live report from raf sanchez in tel aviv. Raf, good morning. Reporter melissa, andrew, good morning for a week, the world has been waiting to see how israel would respond to the barrage of the iranian drones and missiles. We have an answer this morning and it doesnt appear at this momen

Reliance: Retail biz only challenging front for Reliance: Tarun Lakhotia

So clearly, the Covid related impact in each of the businesses have been far less. In retail, the only disappointment was on the margin front where we have seen a fair amount of moderation. That said, the 30-35% growth in new commerce has been fairly strong. The overall performance on the operating front was better than our expectation in most segments. Below EBITDA, there have been positive surprises which led to a strong beat versus our estimate on the EPS front. While it was all looking good in the numbers – Jio and retail numbers were a miss. Also, there was no fresh update on new energy, the Jio phone plus, the O2C stake sale or for that matter the recent

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