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Transcripts For CNBC Power Lunch 20240622

Release of the Federal Reserve minutes. The dow is on track for its lowest close. Lets get more on the trading action. Bob is here on the floor as always. Ne energy stock s dragging us down we were weak right at the outset. You see around 10 30 we just dropped. Thats when the inventories came out. Barrels, import surge. Thats very bearish for prices. The bottom line is right. Exxon and chevron weighing on it. You have a lot of countries worried. You can buy russian as well. We saw dow stocks moving down but there was some Collateral Damage here. I pointed out the sxe which is the Semiconductor Sales in china. Theres Collateral Damage here. Look at the declines. Yes, you see walmart down. I put it in there because thats a 52week low. Finally i just want to note talk about a tough day for a new oil etf. Theres a new one that came out. Its a basket of all the new refining oil stocks. That just came out. Thats a basket of refiners like marathon and valero and well update that in the next f

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