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CNBC Squawk July 3, 2024

It starts with the spike in yields. That tenyear, it touched its highest level since august of 2007. Microsoft Ceo Satya Nadella is taking a stand in the antitrust case against google. Hes testifying or will testify about the difficulty to break into search. Its day one of the criminal trial for Sam Bankmanfried right there in that building. It will begin later this hour. We will be live on the scene. Lets start with the rising yields. Its funny, jim. We had a funny moment last week where you got up and said all well do is talk about the tenyear. I think its kind of true. I know. It didnt start that way. Im watching Frank Holland this morning. The tenyear is holding. It ought to be a nice day. The dow is up. And then slowly stepbystep, inch by inch the tenyear falls. Then next the futures are down. The analysts are now the tune theyre singing is negative for pretty much everything because why . Margins, but really the subtle reason is because they have to keep track with the stocks the

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