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CNBC Closing Bell July 12, 2024

Fears. And companies from roku to Western Digital have been tempering expectations thats hurt sentiment a bit. Gold is at a record high nasdaq set for another record close, comfortably now up a full 1 . Continuing that breathtaking rally, coming up on todays show, the bet on pets. The ceo of the company that makes medicine for pets and l e livestock. And more earnings rolling in today after the bell, including uber, dropbox and t mobile also a first on cnbc interview with mike seifeieve seavert eamon javers has the latest on the stimulus stand offin washington, and phil lebeau is watching the airlines. Start us off with the broader market, mike. Today is a good example of how we are now in a market moment where the threshold for rallies on news is much lower than the threshold for a sell out. Nertsd, the market takes most good news and kind of shrugs off the less good news we got the better than expected but still kind of ugly jobless claims number. That palmback went away. We were fla

FBC The Evening Edit July 12, 2024

Mccarthy, how the judge advising on the flynn case set aside and ignored fbi abuses of allegation of perjury traps for Michael Flynn in their probe. Attorney general william barr pointing to glaring holes in fbi rush to judgment on trump russia collusion when there was striking lack of evidence. We have with us Fox News Contributor deroy murdoch. New and disturbing videos of police brutality. Top House Republican jim jordan asking for a Justice Department briefing on antifa. He is slamming the whole defund the police push as quote simply insanity today. This as media pundits are making the case again, theyre claiming more money spent on the police versus other social services. We fact check that. We have got the facts. They are wrong. Also tonight trump 2020 Campaign Senior advisor lara trump why joe biden has a tricky path forward to the 2020 election as democrats demand stricter oversight at the federal level of cops. Republican debbie lesko, the House Republicanses are unleashing ha

CNBC Closing Bell July 12, 2024

2. 8 million added well explore if that means a v shaped recovery is coming. 2. 7 on the s p 500. Coming up, retail making a big move higher today as reopening trend ramps up across america. Well with marc metrick about what hes seeing from customers so far and later, are leaders doing enough to address equality daymond john will join us with his list of actions. Lets get straight to the key question of the day. Have we bottom ed were ploex ploering in a number of ways. Steve liesman has e details on the number mike looking at the rapid pace of the rally scott will give us his Market Outlook and well focus in on the soaring Airline Stocks with Raymond James analyst. Steve, start us off on the jobs report and how sustainable it is great question, sara, but a lot o head scratching going on how u were 2. 5 jobs created and no one knew it wall street didnt seem to know it but look, i put together a list here of maybe some reasons how do you get 2. 5 million delta there, 11 million jobs 8.

FBC The Evening Edit July 12, 2024

Mccarthy, how the judge advising on the flynn case set aside and ignored fbi abuses of allegation of perjury traps for Michael Flynn in their probe. Attorney general william barr pointing to glaring holes in fbi rush to judgment on trump russia collusion when there was striking lack of evidence. We have with us Fox News Contributor deroy murdoch. New and disturbing videos of police brutality. Top House Republican jim jordan asking for a Justice Department briefing on antifa. He is slamming the whole defund the police push as quote simply insanity today. This as media pundits are making the case again, theyre claiming more money spent on the police versus other social services. We fact check that. We have got the facts. They are wrong. Also tonight trump 2020 Campaign Senior advisor lara trump why joe biden has a tricky path forward to the 2020 election as democrats demand stricter oversight at the federal level of cops. Republican debbie lesko, the House Republicanses are unleashing ha

CNBC Closing Bell July 12, 2024

59 minutes we are session highs on the dow record highs on the nasdaq composite intraday and set for a record close coming up, the rebound for Airline Stocks has been fast and furious. Is there enough demand to justify the rise well get a firsthand look with robin hayes. Plus, a powerful email from a Goldman Sachs employee about equality in america made the rounds on wall street in the past few days. Well speak with freddererick ba that is coming up on the show. Lets focus in on the big stories were watching to day. Mike san thole and Brian Sullivan watching the Energy Sector which is helping lead the market gains today mike, lets kick things off with you. Yeah, well, this rally continues to impress not just in the magnitude of the gains since the march 23rd low but the persistence of it. Look at a two year chart this is really now a broad move. Up until around this point, you can say it was relatively narrow yes, some of beaten down stocks gained most. Mostst reas of the reason is th

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