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Transcripts For CNBC Power Lunch 20240712

Plus the billionaire tilman closing more than 70 restaurants that had just reopened because of the unrest in various urban areas. He will join us later and well tau talk to a ceo who just pulled the plug on a big money deal with facebook. This has Mark Zuckerberg starts an all hands meeting with his employees. Power lunch begins right now thanks. The s p 500 is on track for its third day in a row of gains despite everything going on in the country and the nasdaq is sitting 3 from record highs lets get to bob for more on those markets. Bob. For once, nasdaq is not necessarily the market leader. What were seeing today is energy, industrial stocks leading. Bank stocks leading. Its the reopening story and broadening story this is remarkable its been going on for three weeks. S p keeps going up but the leadership has been altered in the last few weeks in favor of those reopening names. I want to show you the megacaps because we start with them they have fwn driver of much of the rally in ab

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