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Transcripts For CNBC Squawk 20240704

Another record. Bitcoin reaching a new high above 71,000 this morning. Look at the move. It has been a staggering move. 71,758 as we speak and climbing. Crypto adjacent names, coinbase, et cetera, seeing gains. There is three days after ethereum breached the 4,000 mark. Look at the crypto stocks. Trading higher this morning. Early this morning, i should say. Coinbase and robinhood. We will talk to Michael Saylor at 8 30 a. M. Today. We will ask why invest in the proxy when you can invest easily in the etf now . Thats one of the big shifts. Hes a brave man. He is a brave man. Buying more bitcoin. That would be his argument. He is a levered bet on crypto. The stock is a leveraged bet on crypto and bitcoin in a way that you could go leverage. Aside from the Software Business. That is not part of the deal. Have you heard about coinbase and what goes on there . The zero balances on the high volume base . I have been looking at it. Whats going on . I have seen it. That number is nice. It goe

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Transcripts For CNBC Power 20240704

These stocks, but, theyre higher than in that stack, once again leading away, beginning a record high. All right, shares of boeing, meanwhile, falling. But Spirit Aerosystems jumping right now. Reports that glowing is in talks to buy that supply company. Spirit is at the center of boeing fighter 737 max problems, as its factory makes the fuselage that experienced that door plug blowout earlier this year. Its pretty remarkable. What that deal. Potentially, well begin with elon musks lawsuit against sam altman and openai. Musk was a cofounder of the company in 2015, but left the board in 2018, and has warned openai has abandoned its original mission. She posted us more on this story in todays tech check. The . Leslie, thats right. The original mission of benefiting humanity, but investors also might want to question what our musks own motivations and what makes a timing all of this signal. Is it another example of musk trying to distract from other issues in the musk universe . It is wor

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Transcripts For CSPAN OpenAI 20240706

Congressional hearings an other important events throughout the day. Weekdays at 5 00 p. M. And 9 00 p. M. Eastern check with the washington today for a fastpaced report on story os they have day. Tell your smart speaker, play cspan radio. Cspan, powered by cable. Open a. I. C. E. O. Sam altman whose Company Created chatgpt was one of three experts to testify on oversthiefght swiftly developing technology as a Senate Judiciary subcommittee hearing mr. Altman stated that a. I. Could, quote, cause significant harm to the world. Heres the rest of that hearing. Welcome to the hearing of the privacy, technology, and the law subcommittee. I thank my partner in this effort, senator holly, Ranking Member, and senator durbin, he will be speaking shortly. This hearing is on the oversight of Artificial Intelligence, the first in a series of hearings intended to write the rules of a. I. Our goal is to demystify and hold accountable those new technologies to avoid some of the mistakes of the past.

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Transcripts For CNBC Squawk 20240703

A lot of excitement building for the 2024 olympics which is 55 days from now. We will all be here together. We have more on the big events in a couple of minutes. I should tell you a lot of news coming out of france this morning. President macron going to new c caldonia where there have been riots going on. It is the Third Largest producer of nickel. A lot of folks paying attention to what is happening in the french territory today. Also news out of france where the country says it will be supporting the International Criminal court which says it would like to issue arrest warrants for Prime Minister netanyahu of israel and hamas. We will discuss all this and more throughout the broadcast today. Wow. Andrew, we have a ton to talk about. Joe just mentioned the Scarlett Johansson news with a. I. And the big issues coming from that. We will talk about all these things coming up. Are you scouting locations for us . We appreciate that. This is the first. Is this a good one, you think . Is t

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Transcripts For KNTV NBC 20240703

Buying it. The feud thats developing tonight, also east bay leaders are sounding the alarm on an ambulance shortage. Why buying more vehicles and hiring more emts might not solve the problem. Plus, the man convicted of attacking the husband of congresswoman nancy pelosi will be sentenced again. The error the judge made prompting this move. Does it mean a different prison sentence . There we go. And ever wonder what its like to run the bay to breakers . Weve got a unique perspective of San Franciscos zany annual event. Good evening, im raj mathai. Happy monday to you. Were going to start off with some of the headlines that we are watching at this hour. Hundreds of University Workers are now on strike. This is all about the israelhamas war and the uc systems response to all of those campus protests. The first group to walk off the job, academic employees down at uc santa cruz. The strike was announced last friday and was voted on by members of the uaw local 4811. That union represents ab

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