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Transcripts For CNBC Closing Bell 20240712

Stephen mnuchin speaking on the phone today regarding stimulus negotiations with a promise to speak again tomorrow and new york city is back in had the coronavirus spotlight. People refuse to wear a mask still to come, coming up on todays show, embattled e. V. Maker nick la with new lows. Well ask the former auto executive what it all means for nikolas pending deal with gm. Plus, well speak with the newly minted president of shopify about the run that stock has been on. Up more than 150 . Well ask about the recent news of rogue employees stealing some Customer Data. Harl Harley Finkelstein will be our guest. We have the latest headlines coming out of washington, d. C. For us start with you, mike a little bit of low volume churning going on today. Maybe a little apprehensive. Kind of Holding Steady ahead of these couple of known potential catalysts, of course the president ial debate and the jobs number. After 4 two day rally, s p 500 year to date, train day, we kind of had that half 1

Transcripts For ALJAZ NEWS LIVE - 30 20240712

A jade mine in myanmar killing at least 162. 00 people plus. Todays announcement proves that are we trying to me is rare in brackets coming back extremely strong as u. S. Coronavirus cases continue to soar President Trump takes a victory lap over the Unemployment Rate dropping to 11 point one percent last month. And hundreds arrested to cross europe on to dutch and French Police crack an encrypted chapped network used by organized crime gangs. Tensions are growing again between the worlds 2 largest economies this time over hong kong the u. S. Senate has followed the house in approving new sanctions over chinas decision to impose a harsh security law on the city ability to penalize banks doing business with chinese officials who have implemented the new legislation on army sent to President Donald Trump for approval chinas government has faced worldwide criticism over the security law which critics say dismantles hong kongs special freedoms. Lets get more from actually have a tansey who

Transcripts For CNBC Squawk Alley 20240712

The dow is down now 1040 points now live from ep rate locations, youre looking at the worst day for the s p since may 1st. For the dow, it is since april 1st, and you really have to go down about 1200 points to go further than that. Were watching a number of different dynamics at play one is just the reality check that we got from the fed and jay powell, it is the recovery, the covid spike that sarah was juk talking about, and the success in various pockets apple is down, but it is still up more than 7. 5 for the week microsoft is similarly down almost 2 today, but up 5 for the week sam z amazon, google is just up 1. 3 for the week and down today, but you cant just look at one day up or down so we have been up so much, morgan, one wonders how much of a reaction in the market this is going to be. We have been hearing for days and weeks now the idea that the rapid run, off of the lows, for major averages from that march 23rd low that were looking overboulgt or even like they were getting

Transcripts For ALJAZ NEWSHOUR 20240712

A popular singer his murder triggered deadly protests is laid to rest. And why experts are baffled by the deaths of hundreds of elephants in botswana. And im santa how much now have all the sport including the french open organizes a concert and fans will be allowed to attend this years delayed tournament which starts in september. Curran of our space is an hour rising in 40 out of the 50 states in the u. S. As the countrys outbreak threatens to spiral out of control florida alone has reported more than 10000 cases in the last 24 hours and the Texas Governor has just made it mandatory to wear masks in public this a day after more than 50700 infections were confirmed nationwide a new daily high despite that President Trump a sort of put across the message that all is well celebrating the positive news that 4800000 people went back to work last month taking the Unemployment Rate down to 11 point one percent but he neglected to point out that only 7 and a half 1000000 of the 22000000 peop

Transcripts For ALJAZ NEWSHOUR 20240712

Angry scenes irans foreign minister zarif is heckled by politicians in parliament. And croatia goes to the polls to choose a new government amid a recession and the coronavirus pandemic. And im Peter Simmons with the sport is formula one makes a thrilling. The action coming up later as well as an anti racism protest on the grid. And we begin with the increasing number of covert 1000 cases worldwide saturday so the biggest single day rise since the pandemic began with more than 212000 new infections globally now the majority of those were in latin america which now has more cases than europe mexico has been reporting record new infections its now got the 5th highest death toll in the world in israel officials have ordered thousands of people back into quarantine as they deal with the worst surge in you cases since the outbreak began the governments also resumed its controversial phone Surveillance Program to track cases. And theres a Record Number of new cases in the philippines its gov

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