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FBC The Claman Countdown July 12, 2024

The nasdaq off 95. The dow off its session lows but still taking a hit today. The uncertainty boosting gold prices above 1900 an ounce. Take a look at gold as well. 1900. Okay. We will also take a look at johnson johnson, merck, fiedzer and fiedz pfizer and regeneron, on pins and needles awaiting the president s announcement. Lets go straight to Edward Lawrence for a preview of what we are expecting to hear. Reporter exactly, the president signing any minute an executive order that in one way will get departments the look at ways they can further reduce drug prices going forward. Also, we have heard it may include the provision that connects the prices the u. S. Pays with foreign prices. The prices Drug Companies charge Foreign Countries. That is the deal exactly the president worked out between gilead in the
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CNBC Squawk Box July 12, 2024

There was an endeavor to get to the city yesterday but we were landlocked yesterday, drove into the city under the trees. It was a little scarey we are back and it is nice to be here it feels like home good to have you back, andrew this is the situation that we probably havent given focus it deserves still millions without power 1. 4 million in new jersey without power. I know connecticut was hit worse. That storm even though a tropical storm, not a hurricane, stronger than anticipated. The wind event and damage significant. I appreciate it still trying to dig out from that today a lot of people that will be without power for days starting with the markets this morning. The nasdaq on another record six straight games it closed just below 11,000. Just north of 10,998 youll see this morning, us equity futures are not pushing above the 11,000 mark just yet six days in a row weve seen gains. This morning, indicated down by 20 points. The fourth day of gains for both the s p 500 and the dow ....

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CNBC Closing Bell July 12, 2024

Seeking benefits in a sign that economic pain of this pandemic is far from over tax according to an analysis but the chamber of commerce in 59 minutes left of trading in the day. The city says the tax could yeah, tiny leg lower. Result in companies wanting to leave the city and, guys, its down 0. 4 . Not just here in San Francisco only two sectors, energy and but also in seattle. Theres a proposal to tax big staples in the green still coming up, Digital Finance businesses to pay for covid19 company sofi landing the number relief back to you. I mean, could it could eight spot on this years disruptive 50 list encourage companies to leave the well spee with anthony noto worst case, of course, is something that is structured this way is it could encourage formerly of twitter, Goldman Sachs, and the nfl about his
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KPIX KPIX 5 News At 5am July 12, 2024

Coming up in a few minutes. Back to you. New this morning, a fast spreading fire in the foothills just east of concord has now been contained. It broke off near highway 4 and fire crews from cal fire and contra costa brought the fire under control despite the windy conditions. It was a real challenge. The cause of this fire is still under investigation. Now to the governors new coronavirus crackdown. Dine in restaurants and bars are now closed for three weeks in 19 counties including contra costa, santa clara and solano counties. But those arent the only bay area counties seeing some restrictions. Next up, beaches. Kpix 5s kiet do joins us live from pacifica this morning where today is your last chance to catch some sun and some surf before the Holiday Weekend. Reporter yeah, better get on it. So yesterday the governor announced the closure of the parking lots of the state beaches. Not the beaches themselves, but the parking lots ....

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FBC Barrons Roundtable July 12, 2024

Colleagues. It was a mostly ugly week for the market, and it ended really strongly. Its kind of schizophrenic. Whats going on . Well, the market was due for a fall after having the kind of rally it did, and it finally got an excuse this week when covid hospitalizations started rising. Its not in places like new york that have been hot spots before, but in places where it really hadnt been like texas and arizona. And that kind of freaked the market out because if there has to be shutdowns around the country at different places, it means that the economy cant come back as quickly as people thought. And this became a big risk. And with positioning extended the way it was, it was just the perfect rest recipe e for a selloff. Jack any idea why we had that nice bounce on friday . It was oversold going into friday morning . I think thats a big part of it. There really wasnt any news out there to make it go one way or the other. One of the things that might have been overlooked in the selloff ....

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