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CNBC Squawk Box July 12, 2024

Strong gains and this morning you will see that there are green arrows once again, the dow indicated up by about 88, s p by about 9 1 2 and the nasdaq indicated up by 48 points if you watched what happened in the treasury markets, we did get a lot of fed speak and it sounds like there is a little bit of confusion. You can see the ten year note has ticked up a little bit, 0. 769 is the latest yield andrew and lets take a quick look at the dow transports, gaining another 2. 5 yesterday, also hitting a record high, the two as to beings to watch this morning, eli lilly and he regeneron both big winners on Covid Treatment hopes. And President Trump touting both of those in a video that he released over twitter late yesterday. Well tuck a lalk more about th. But also take a look at shares of tesla, new Street Research upgra ....

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BLOOMBERG Bloomberg Technology July 12, 2024

On top chinese officials for now. Joining us to break down the day that was, abigail doolittle. She has been following all the market action. Curious what you make of the whiplash today and why investors were not more optimistic about the vaccine news. Abigail another volatile day. Today, a bit jittery. There was a point in time where it felt like you were going to see a bearish reversal. It did happen for the nasdaq 100 and the new york faang index. The tech stocks and stayed home stocks did go lower. At the beginning of the day as you were mentioning, we had the surge and optimism around the moderna vaccine, that perhaps it is going to be the cureall and could come earlier. But, that is far off. When you put that together with the fact that the dollar and this is boring in a way because the dollar has been one of the big drivers for stocks and raise gaskets risk assets. The overnight, the dollar had been down 6 10 of 1 . On the open, down have a percent. When the dollar paired its lo ....

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RT Boom Bust July 12, 2024

Right in. And we leave the program with the International Monetary funds announcement that the Global Economic downturn due to the corona virus pandemic will be worse than initial estimates. So compared to the april and Economic Outlook we are projecting a depot downtown in 2020 and a snow to company in 2021 to growth to 2020 is projected at minus 4 point one percent which is 1 point one percent is points below our april focused now this reflects the fact that in the 1st tough economic outcomes came in somewhat worse than we had anticipated and because there is no medical see you should we are expecting social distancing to persist for more for a long time into the 2nd half. And downgrading the growth forecasts for 2021 the i. M. F. Expects a growth rate of 5. 4 percent instead of earlier estimates of 5. 8 per ....

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RT Boom Bust July 12, 2024

Outlook we are projecting a deeper downtown in 2020 and a slower to company in 2021 to growth to 2020 is projected at minus 4 point one percent which is 1 point one percent points below our april focused now this reflects the fact that in the 1st tough economic outcomes came in somewhat worse than we had anticipated and because there is no medical see you should we are expecting social distancing to persist for more for a long time into the 2nd half. And downgrading the growth forecast for 2021 the i. M. F. Expects a growth rate of 5. 4 percent instead of earlier estimates of 5. 8 percent the fund is predicting an 8 percent contraction in the United States in 2020 while the eurozone economy will decline by 10. 2 percent brazil will take a 9 point one percent hit with the economy of mexico shrinking by as much as 10. 5 percent just this year now the Organization Also pointed ....

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RT Boom Bust July 12, 2024

Announcement that the Global Economic downturn due to the corona virus pandemic will be worse than initial estimates so compared to the april 1 of the Economic Outlook we are projecting a deeper downtown in 2020 and a c. E. O. At a company in 2021 to growth to 2020 is projected at minus 4 point one percent which is 1 point one percent points below our april focused now this reflects the fact that in the 1st half economic outcomes came in somewhat worse than we had anticipated and because there is no medical suit you should we are expecting social distancing to persist for more for a long time into the 2nd half. And downgrading the growth for crest for 2021 the i. M. F. Expects a growth rate of 5. 4 percent instead of earlier estimates of 5. 8 percent the fund is predicting an 8 percent contraction in the United States ....

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