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Transcripts For BBCNEWS Talking 20240702

Lewiston is the second largest in maine, it has a diverse economy, World Class Health care facilities, manufacturing, financial institutions, technology, telecommunications, a relatively big city in terms of that North Eastern parts of the united states. We can have a look at the exact location, the state of maine, lewiston there, quite near the coast, just 35 miles north of portland. The residents of lewiston tonight sheltering in place as they have been told of an active gunman in the city. We are looking at pictures of the Central Maine Medical Centre in lewiston where some of those injured has been brought. Medical professionals waiting on others to arise as well. We are keeping a close eye on the city hall in lewiston where we are awaiting a Press Conference to get under way. We are told that the Main Department of Public Safety spokesperson will make an address to the media. Members of the media getting organised there for that address, where there for that address, where the loc

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Transcripts For CNBC The 20240703

Lets start with todays market as you heard scott say, were heading to session lows. Dom . Just about session lows. Its been a generally positive day, kelly, to your point. But at the highs of the session, just to give you an idea of the context today, the s p 500, which is currently up seven points right now, was up roughly 42 points at the high, and up roughly two points tat lows of the session. Again, 4224 is the last trade there. Keep an eye on 4236. We mentioned this socalled 200day moving average or longer term trend line for the markets on a rolling basis, thats something traders are watching. The dow industrials up about one quarter of 1 , 32,029. The nasdaq up to 13,040. So losing some steam in this midday part of the session. One part thats been gaining steam throughout the course of the last weeks is bitcoin. If you look at this chart, over the last year or so, we have now topped 33,000. At one point today, depending on which metric or exchange you looked at on bitcoin, we we

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Transcripts For BBCNEWS BBC 20240703

In economic history and present day frustrations. Its part of a long running battle between titans of industry and those on factory floors. For the next half hour were going to look at whats happening at these three plants, owned by the big three General Motors, ford and stellantis and what it means for American Workers and the economy. The union at the centre of the dispute the uaw represesnts146,000 auto workers, who could all walk out over time. Currently 13,000 are on strike. This strike is of course just one of many industrial actions that weve seen in the us this year, and further afield. Heres a tiny snapshot ofjust some of them. Injanuary of this year, teachers in lebanon went on strike over working conditions and pay. In february, it was palestinian teachers who walked off thejob. March saw a Public Transit strike in germany. After german unions staged a one day strike calling for better salaries. In april, flights were disrupted in nigeria as workers protested pay and conditi

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Transcripts For CNNW CNN 20240703

From new england all the way up to canada, Hurricane Lee On Track to bring heavy rain, wind and coastal flooding today and through weekend. As House Speaker Kevin Mccarthy stries to avoid a government shutdown, he has a message for the republicans threatening to revoke his leadership. Kareem abduljabbar asked the question, is biden too old to be president . The nba Hall Of Famer joins us live in studio just ahead. This hour of cnn this morning starts now. Working the uaw, we put four great offers on the table and we get little pieces of paper about one aspect or the other. We have never gotten a serious counteroffer in two weeks. These Companies Got to come to the pump for their workers. He want to call them family when its easy. But the proofs in the pudding. They havent taken care of their workers. We went backwards the last 16 years. Backwards. And breaking moments ago. Its white house says President Biden will speak today about that historic strike against all three automakers. Thi

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Transcripts For CNBC Squawk 20240703

Nasdaq indicated up by 1. 2 for the week to date for what we have seen. Look at the treasury market. You see treasuries here with 10year treasury at 2. 3 . Wti climbing above 90 a barrel. Right now, 90. 43. Of course, we have seen big news in other places. New overnight, positive data on china recovery overnight. Retail sales raising 4. 6 in august. The Unemployment Rate ticking down by. 10 . Chinas Central Bank Cut a shortterm lending rate one day after it lowered the reserves the commercial banks need to hold against deposits. That will free up funding to lend to houses and businesses sdpbusinesses. Im happy we have this guy around. Phil lebeau. It he iis interesting, the phil. You are in detroit. I saw you talking to one of the guys earlier. This is very interesting today. Especially where we have you perched. Reporter joe, it will be interesting to see how long the strike goes. Maybe a week or two weeks or looking at something extended out over seven or eight weeks. That remains to

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