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CNBC Squawk On The Street July 14, 2024

Amid heightened u. S. Iranian tensions. We have gasoline futures jumping this after an explosion and major fire at philadelphia area refinery. It is, by the way, the largest facility on the east coast. And slack soaring debut, shares poised to rally at the open but for other tech unicorns eyeing the public markets, is this a sign of peak ipo . Stocks are set to open lower after a record close for the s p. Multiple reports now say the president did approve military strikes against iran as retaliation for downing of a u. S. Drone and later backed off. S p still on pace for the best june since 1955. The nasdaq leading the major indices this month up a percent jim, how much further are people willing to go on the risk curve given the activity today i think were getting too close to the g20. I think that yesterday was a day where there was a frenzy of froth and euphoria i havent seen in a long time. A lot of stocks up 7, 8, 9 points and nothing had happened. I think were all starting to rea ....

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