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Transcripts For CNBC Squawk Box 20240711

30-year at 1.86% andrew the big story over the weekend, twitter, facebook, snapchat are among the platforms that have blocked or removed president trump s access following the breach of the capitol last week. shares of those social media companies have taken a tumble over the weekend, including twitter, down about 6% in addition, apple, amazon and google took steps to boot parler, a social media app popular among conservatives. some rioters used parler to organize the attack on the capitol. he accused big tech companies of conspireing to eliminate his platform from competition. we ll have a lot more on this story in the next hour because it s a very, very big one. not just because of the president but what it really speaks to in terms of these big tech companies and what they can or cannot do joe? it is it s the the world is moving in a direction that some people might feel a little uncomfortable with i think you probably or all of us, andrew, at this point it s almos

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Transcripts For CNBC Squawk Box 20240711

down days for the markets. right now s&p down by about 11, dow by 96, nasdaq off by about 47 we were so close to you dow 30,000 earlier in the week, but that seems to be slipping away a little bit 29,400 and change is where the dow is right now and again, down two days in a row, down again this morning and after yesterday s declines, all three of the major averages are in negative territory for the week a lot of things happening with covid and we ll talk more about that in a moment, but some of those concerns creeping back into what you see in the markets. if you are looking at the treasury market, the yield on the ten year right now is sitting just at about 0.852% and the vix also spiking yesterday, probably a little bit on concerns about what happens as we go back into some of the lockdowns. the see-saw of good and bad news on covid. and we ll give you a bit of good news that happened overnight in the vaccine wars developed by the university of oxford and astrazeneca foun

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Transcripts For CNBC Squawk Box 20240712

over by 250 points and this morning you are seeing green arrows for the s&p 500 and nasdaq, nasdaq right now up by about 122 points in the future market and that is pretty impressive you are now talking about four days in a row that you have seen gains for the major averages all are within 5% of their 52 week highs and in fact the transports set a new all-time high yesterday too. right now the dow futures are indicated a little down by about 61 points. we re watching a lot of things that have been happening including news with johnson & johnson, and earnings are coming out too. and if you want to take a look at the treasury market, right now you will see that the ten year seems to be sitting just around 0.759%. so not far from where it has been yep, earnings are supposed to take the baton from stimulus hopes, which i don t know whether those are fleeting or not. but supposedly the earnings might be pretty good yesterday kind of weird all the stay at home new age tech stuff

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Transcripts For CNBC Squawk Box 20240712

this comes after modest advances you did see gains. the second out of the last three sessions as joe mentioned it has been a rough week we are on track now if we continue on this pace to have the first down month we ve seen since march. looking at all the gains they ve built up on all of this. you are looking at fairly solid gains. it is a matter of days before we get to the end of the quarter. take a look at the treasury yields now, especially the 10-year. 0.661% hasn t budged. we ve been sitting at these levels for some time we ve got developing news right now. president trump asking a u.s. court to let a ban on the tencent app wechat proceed the judge is giving the president to 2:30 this afternoon to postpone a ban on tiktok downloads. it doesn t pause the ban but says they must defend the policy in a sunday court hearing. the policy is currently set for 11:59 p.m. this sunday so a lot going on with the kvdel saga it was 11:59 last week too. what happens if you can t

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Transcripts For CNBC Squawk Box 20240712

dow indicated up by about 200 points, s&p up by about 20 and nasdaq up by about 59. the dow closed above 26,000. s&p was actually up about two points ant the nasdaq up about 32 treasury yields about where we ve been 10-year around 0.7%. this morning, it is at 0.715 overnight, twitter adding a warning to a post by president trump. the tweet is a video of two toddlers running down the side walk that had been altered that said racist baby probably a trump voter. twitter tagging that as manipulated media with a link that the original was cnbc story about a friendship between two toddlers the continued battle between social media and some of the social media companies and president trump. facebook removing trump campaign ads that used a banned hate group symbol to identify context. it issued a red triangle symbol used by nazis. the campaign used that symbol as it denounced antifa, a group of protesters the president has blamed for vandalism during the protests a lot of back and

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