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Transcripts For CNBC The News With Shepard Smith 20240712

Covid surging, fears rising, and rules changing the white house blocked new fda vaccine standards. Tonight, what this means for the safety of you and your family. And road rage. Look at that. What on earth is he doing . What caused this go cart racer to lose it on the track . Announcer live from cnbc global headquarters, the facts, the truth, the news with Shepard Smith. Good evening. President trump shut down the longrunning Coronavirus Relief talks in congress this afternoon. That means no stimulus, not now, as millions of americans struggle to pay the bills. Big businesses lay off workers and small ones shutter their doors. No more negotiations in congress until after the election, the president tweeted. The House Speaker nancy pelosi says the announcement shows the white house is in complete disarray, but the Top Republican in the senate, the majority leader, Mitch Mcconnell, has a different take i think his view was that they were not going to produce a result and that we needed t

Transcripts For CSPAN2 U S Senate U S Senate 20240712

Behalf of the more than 19 Million People in our nation and half a Million People in michigan who show us every day what service and sacrifice and love of country is really all about. These patriots landed on beaches in normandy and their pacific theater, crept through jungles in korea, shed blood in vietnam, survived attacks in iraq, and fought terrorists in afghanistan. These people are heroes. They love our nation so much, theyre willing to put their lives on the line for our democracy, our people, and our way of life. Thats why it is so incredibly shocking and infuriating to hear the president of the United States, the commander in chief of our armed forces, disparage our veterans. President trump called them losers and suckers. Losers and suckers. He said he couldnt understand why anyone would join the military, because whats in it for them . He said veterans who have lost limbs shouldnt be in parades. Why . Because he couldnt handle seeing them, didnt think people would want to s

Transcripts For CSPAN2 U S Senate Sen Portman On Covid Relief 20240712

Objection. The senator from ohio. Mr. Portman thank you. Mr. Portman thank you. Im on the floor today to tug about the coronavirus pandemic and what we can and should do here w in the United States sene and congress as a whole. To actually address the ongoing problem. We are not out of the woods yet. We have a Health Care Crisis and of course an economic crisis as a consequence of that. We have done some good bipartisan work over the past six months. In fact not many people realize the past five or six bills with strong bipartisan majority. What people know about most is that it is when the cares act to gut 97 votes here on the floor of the senate, 970. So we have in the past been able to figure a out a way to come together as republicans and democrats as americans to be able to address this crisis. We need to do it again because we still do have a crisis. We still do have an acceptably high levels of people getting in fact did, hospitalized in being in the icu fatalities in their econ

Transcripts For CNBC Fast Money Halftime Report 20240712

Still lots of questions swirling an tech. Does the turbulent in tech continue, do you think by the way, value has been leading lately and thats a story in and of itself yeah. You know, a whole host of folks said that would happen, eventually, scott. From tom lee to Larry Mcdonald and so forth i dont think the story is over for tech you and i talked about that monday i said i think that we are unlikely to test significantly lower in tech. Yet, here apple is back down on the lows of the last several months, scott. Ive noticed a lot of those value plays that you discussed, for instance, infrastructure plays in particular. Steel, mining, things like that. Getting lot of money flow, a mean a lot thats worth noting. To your point, thats partially why perhaps people are using tech as a source of funds. I dont know how long that lasts. I certainly am not betting that it lasts very long as far as tech being a wreck and value being where you want to be thats the way it is for the last several se

Transcripts For CNBC Worldwide Exchange 20240712

Laura as it intensifies into a category 2 hurricane 16 years in the making, palantir finally making a bid for the Public Market but not without a lot of investor scrutiny move over bill ackman, there is a new face you ever watching cnbc good morning. Im dominic chu in for Brian Sullivan today a bit of a miss so far you can see the s p higher by about four points. The dow jones lower by 37. The nasdaq outpacing after the s p 500 closed higher. Hitting the 17th record close of the year nasdaq trying for a fivesession winning streak as it pushes. Now seeing the 38th record close of this year the dow bucking the trend ending the day lower. The key to watch there, 28,000 mark early going, you can see the shanghai composite about flat on the day as well. Meanwhile, we are seeing outperformance in the german dax up about a half a percent. The ftse 100 underperforming as it has been all year currently down in this session we continue to monitor the developing story in the gulf of mexico hurric

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