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Transcripts For CNBC Squawk Box 20240712

This comes after modest advances you did see gains. The second out of the last three sessions as joe mentioned it has been a rough week we are on track now if we continue on this pace to have the first down month weve seen since march. Looking at all the gains theyve built up on all of this. You are looking at fairly solid gains. It is a matter of days before we get to the end of the quarter. Take a look at the treasury yields now, especially the 10year. 0. 661 hasnt budged. Weve been sitting at these levels for some time weve got developing news right now. President trump asking a u. S. Court to let a ban on the tencent app wechat proceed the judge is giving the president to 2 30 this afternoon to postpone a ban on tiktok downloads. It doesnt pause the ban but says they must defend the policy in a sunday court hearing. The policy is currently set for 11 59 p. M. This sunday so a lot going on with the kvdel saga it was 11 59 last week too. What happens if you cant download it . Did you

Transcripts For CNBC Squawk On The Street 20240712

We will begin, though, this morning with of course stocks, futures indicate an additional testing of that 3220 level on the s p. Were also talking about the possibility, however remote it might seem, of a relief package coming out of congress,given some conversation, jim, between secretary mnuchin and Speaker Pelosi do you think there is a chance i know that they both care passionately about Small Business if you look at the testimony yesterday by secretary mnuchin, he mentioned restaurants a couple of times. Thats where the yelp numbers that we get, yelp yikes is our vc, where the real damage s youre starting to talk about 50 of the bars and nightlife being closed in this country, thats way too big and i think that the secretary is really alluding to that david, do i think there will be a deal i think there is a sense that both sides feel a deal is bad for them, in other words, if they give if theres a stalemate, they will somehow do better at the election i dont think thats true, but

Transcripts For CNBC Power Lunch 20240712

What hes expecting ahead of the 22 billion their ddollar debut week power lunch starts right now thank you its been another rough week for the market but the nasdaq is now on track to snap a threeweek losing streak. Dom is following the numbers for us assuming that leadership position again and trying to snap that multiweek winning or losing streak rather but if you take a look at the move higher were still in a position now where the dow industrials and the s p 500 could both be on the verge of four week losing streaks. First time thats happened since august of 2019. The nasdaq 11,000. Were watching as the key level. The trends that were happening educational where this year for the vast majority of this year have reasserted thelss this week. Watch what else happens in the marketplace with apple it may be the case to be made there. Well see if that sticks pm back over the you my son just bought apple in his virtual investment port gro portfolio as his starts his 9th grade investment c

Transcripts For CNN CNN Newsroom 20240707

away and amara, we can see the finish line now. yes, we can. it feels like it s been a long last several weeks. we are finally here. this is the last weekend of campaigning before tuesday s elections as the candidates and their surrogates make their final push for votes. in the battle for control of the senate it comes down to a handful of key states, including pennsylvania. president biden, barack obama and donald trump all campaigning in the state today. the president keeping his focus on democracy and the economy. he says he is optimistic about the midterms, but polling has indicated that the momentum is on republicans side. another race that could decide who controls the senate is in georgia between senator raphael warnock and former football star herschel walker. millions of voters have already cast their ballots. in fact, early voting is up compared to the 2018 midterms. almost 35 million people in 47 states have voted early. and our reporters and correspondents

Transcripts For CNN CNN Newsroom 20240707

train on the job. that s the new approach for this new shortage. airlines need to hire 610,000 new mechanics globally in total over the next 20 years. united calls the program cele celebrate, and does it by have been people apresentition in-house. there s 6,000 on top of that through traditional hiring means. this is so critical, who has not waited on a plane from the airlines because of a mechanical issue? remember, airlines got smaller over the pandemic. united sell that calibrate is thei theically, to train on your own, $50,000. if you apresentics, you maybe $24 to $52 an hour, you get paid the entire time. there s so many labor shortages, we ve been telling you about pilots. they have the avian academy, airlines are trying to tackle this issue, especially with the holidays on the horizon. we know staffing issues have created a lot of delays. pete muntean, thank you. also the top of the hour, i m bianna golodryga, victor is off today. the federal reserve is racing in

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