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Transcripts For CNBC Power Lunch 20240711

87, the russell small caps up 20 , its best month ever can the run continue and moderna says its ready to file for emergency use while novavax announces a second delay in its late trials we have the details. P power lunch starts right now it wouldnt be a record rally if there werent some bumps along the way. Was today just a oneday pause or something more . Lets go to bob pisani for more. Hi, bob. Hello, kelly. It actual its actually not a bad day. We were down 447 points, weve regained almost half of that if you look at whats down today, Energy Stocks, some up 30 for the month. Thats down. Bank stocks, another amazing rally. Look at this, tech is up apples had a monster day, up overall some of the semiconductors also doing well health care is down fractionally, thats a defense of group if you look at whats going on for november and the value cyclical location, this must be an alltime record for Energy Stocks banks up almost 20 , industrials as a cyclical group. So theyre not selling t

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Transcripts For FBC Varney Company 20240712

To increased economy. There is a one month to in germany, not good for our market, same thing in france and a Record Number of new cases in america over the last seven days. Thats not good either and a time clearly running out for stimulus package before the election. We will ask larry kudlow about that. Dow industrial 900point drop yesterday, dead flat at the opening of this morning, pretty much the same story for the s p, modest rebound for the nasdaq. This is the big day for big tech, apple, amazon, google and facebook will tell us how they are doing financially. Report on this about 4 00 p. M. Eastern this afternoon. Extreme importance because these are the most important and powerful countries in the world. Their stocks have had a terrific run, but they have come off their highs and we will ask if the blue is coming off the big tech. Campaign headline, joe biden leaves his house again. Today hes off to tampa, florida and so is the president. The latest poll shows a dead heat, 48,

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Transcripts For CNBC The News With Shepard Smith 20240712

The u. S. Government cannot find the parents of more than 500 immigrant children tonight, what we know about the kids left orphaned covid watch. Why we might have to start thinking of covid like flu, a yearly vaccine to stop seasonal waves. Announcer live from cnbc global headquarters, the facts, the truth, the news with Shepard Smith. Good evening again. 13 days until the election, and we have two president s hitting had the campaign trail in the final stretch. President Obama Holding a drivein rally for joe biden in philly and coming out strong against President Trump who is holding his own rally in battleground North Carolina. This president wants full credit for the economy he inherited and zero blame for the pandemic that he ignored eight months into this pandemic cases are rising again across this country donald trump isnt suddenly going to protect all of us he cant even take the basic steps to protect himself well, were seeing the two campaigns play very different offenses Presi

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Transcripts For CNBC The News With Shepard Smith 20240712

The u. S. Government cannot find the parents of more than 500 immigrant children tonight, what we know about the kids left orphaned covid watch. Why we might have to start thinking of covid like flu, a yearly vaccine to stop seasonal waves. Announcer live from cnbc global headquarters, the facts, the truth, the news with Shepard Smith. Good evening again. 13 days until the election, and we have two president s hitting had the campaign trail in the final stretch. President Obama Holding a drivein rally for joe biden in philly and coming out strong against President Trump who is holding his own rally in battleground North Carolina. This president wants full credit for the economy he inherited and zero blame for the pandemic that he ignored eight months into this pandemic cases are rising again across this country donald trump isnt suddenly going to protect all of us he cant even take the basic steps to protect himself well, were seeing the two campaigns play very different offenses Presi

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Transcripts For CNBC Squawk Box 20240712

It is hip to be square used to be at least. Lets check out u. S. Equity futures. Things are relatively flat and that isa good thing. A bit of a difference after the big swings weve seen. Right now dow futures up about 3, s p 500 up about 2, nasdaq up by 13. Of course this is after a done day for the m down day for the markets yesterday. Treasury yields are something to start paying attention to because we did see a pickup in treasury yields to the highest levels weve seen since june the ten year is yielding 0. 813 . And i know it doesnt seem like a lot, but it is the highest level weve seen in a while and there is so much that rides on that including mortgage pricing which has been a key part of what has been happening in the housing sector, a strong point in the economy so far. Lets get over to washington. Well talk about id call it a soap opera, but really it is a reality show and means a lot to so many millions before nancy pelosi says she is now optimistic that democrats may be abl

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