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Transcripts For CNBC Closing Bell 20240711

Comes to the coronavirus adding more than 150,000 new cases on thursday alone President Trump is expected to give an update on operation warp speed in just about an hour. We will take it for you live 59 minutes left to go in what has been wilfred a wild week of trading of one that is higher. Higher for the week higher today as well up 1. 3 on the dow coming up on todays show we will speak with chicago mayor lorie light about her lockdown advisory and the potential economic fallout as cases surge in the state of illinois plus it has been a big welcome back for the bank stocks with the kbw bank stocks up 10 the ceo of kbw will join us to discuss whether there is more upside ahead for the sector. First the big stories. Mike santoli is tracking the market meg tirrells that latest on treelts and vaccines as we await an update from the president and Steve Liesman is looking at the impact of the coronavirus surgeon the economy. Mike, the market up 388, and the dow having been up 400. You lock

Transcripts For CNBC Power Lunch 20240711

Than 1 as many of the cloud and socalled stayathome stocks get hit. It was the announcement that Pfizers Covid vaccine is more than 90 efficient thats what really set the market on fire we got more on that in a minute. Meantime, lets send it over to kelly. Thank you, sir. It is a huge day for the markets and a potentially historic one in a fight against the Chris Christie we have full Team Coverage for you. Bob pisani looking for the market reaction. Meg tirelli and bob pisani, lets start with you historic move for the s p 500 and big volume were going to do twice normal volume on the markets. We havent seen that recently, big volume on big up days. Thats a change on market sentiment. You mentioned small caps obviously vaccine, better reopening story. That would help small caps, look at this up almost 7 more than twice the performance of the s p 500 mega cap out of big cap, mega cap tech stocks and into small cap but also a little bit on the weak side as weve been noting all throughout

Transcripts For FBC Barrons Roundtable 20240712

For splits and which Companies Might be next. Also robin hood finish not the guy in tights, the free stocktrading t. A. R. P. Why its outgrowing the competition. And as investors wait for a covid19 vaccine, powerful new treatments could soon make a difference. We look at the companies racing to test them. On the barrons roundtable, my colleagues, ben levisohn, carlton english and al root. Ben, let me start with you about stock splits. They used to be common. Weve been through kind of a drought. All of a sudden there are a couple of high profile ones. They dont change the value of a company, its like me giving you a 10 for two 5s, but investors are responding. What do you think is going on . The first thing is we actually are some high profile stock splits. We havent had these in years. Companies have been letting their stock prices just rise well into the thousands in the way they never have before, so now all of a sudden you yet two high you get two high profile companies, supposedly

Transcripts For FBC Barrons Roundtable 20240712

For splits and which Companies Might be next. Also robin hood finish not the guy in tights, the free stocktrading t. A. R. P. Why its outgrowing the competition. And as investors wait for a covid19 vaccine, powerful new treatments could soon make a difference. We look at the companies racing to test them. On the barrons roundtable, my colleagues, ben levisohn, carlton english and al root. Ben, let me start with you about stock splits. They used to be common. Weve been through kind of a drought. All of a sudden there are a couple of high profile ones. They dont change the value of a company, its like me giving you a 10 for two 5s, but investors are responding. What do you think is going on . The first thing is we actually are some high profile stock splits. We havent had these in years. Companies have been letting their stock prices just rise well into the thousands in the way they never have before, so now all of a sudden you yet two high you get two high profile companies, supposedly

Transcripts For FBC Barrons Roundtable 20240712

For splits and which Companies Might be next. Also robin hood finish not the guy in tights, the free stocktrading t. A. R. P. Why its outgrowing the competition. And as investors wait for a covid19 vaccine, powerful new treatments could soon make a difference. We look at the companies racing to test them. On the barrons roundtable, my colleagues, ben levisohn, carlton english and al root. Ben, let me start with you about stock splits. They used to be common. Weve been through kind of a drought. All of a sudden there are a couple of high profile ones. They dont change the value of a company, its like me giving you a 10 for two 5s, but investors are responding. What do you think is going on . The first thing is we actually are some high profile stock splits. We havent had these in years. Companies have been letting their stock prices just rise well into the thousands in the way they never have before, so now all of a sudden you yet two high you get two high profile companies, supposedly

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