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CNBC Power July 4, 2024

Apple is a big drag on the averages today especially with the nasdaq. The company hit with a nearly 2 billion fine by the european commission, the ec, said apple has abuse of rules for other streaming music providers but may be a bigger concern for investors is the companys perceived slower start to the ai race. We have much more on the story, courtney. We will start with macys. That stock rallying 15 today as arthouse and Brigade Capital raised their offer for the company to 24 a share from 21 bucks. Macys confirms it has received the offer and its board will review it as they did previously. Joining us, gabrielle, managing partner and our own leslie picker is here with us as well. Leslie, kick it off. Thank you, gabrielle, for being here. The big news is that you bumped up to a 51 premium to the unaffected stock price from a few months ago, but shares still trading about 3 1 2 dollars below that price tag. You said in an earlie ....

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IRINN July 3, 2024

Have given more details about these two attacks have not been released and no group has claimed responsibility. Yesterday, local sources in syria reported the drone attack on the two bases of the American Occupation in the etnaf area and the koniko oil field. Ain alasud base in iraq was also targeted two days ago by two drones. Lebanese border areas and lands of love. It is still a scene of conflict. Lebanons hezbollah announced the firing of guided missiles at the technical equipment and operations of the occupying regimes army and almanara checkpoint in the north of occupied palestine and announced in this some of the occupation soldiers were killed and wounded in the attacks. The zionist regimes army also reported firing 20 rockets from lebanese soil towards the occupied territories and targeted areas in southern lebanon with bloodshed. Zionists from insurance. The clashes have declared and evacuated the towns near the leb ....

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IRINN July 3, 2024

Our goal in this gathering is to condemn the crimes of the zionist usurper regime, the government of israel, the house of merbar, israel, israel, israel is really terrible , i mean, i really didnt sleep last night, its really terrible. Believe me, im in israel, im in america, im in israel, im in israel. Mothers now become without having children rabab today, death to israel, death to israel, death to sarzeh, death to israel, israel soon , we will witness the collapse of this hideous regime, god willing, this barbaric operation of israel has shown its nature to the world, especially to the muslim world, and all muslim people must show their solidarity behind the children. We are palestinians. Meeting of the first page. Oh, the front page meeting, the line of sacrifice is there. Look on the other side of the fence, the pleasure of visiting is there. O you who are sitting, sit on the first page, get up to justice, what is left on your shoulder is the burden of trust, get up, the first pag ....

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BLOOMBERG Bloomberg July 3, 2024

Apple. Lets check in on the markets and tech is the laggard of choice. The nasdaq 100, down 1 10 of 1 and we know stocks sometimes struggled in the face of raising bond yields. A look at the 10year yield pushing to 2007 highest so we are anticipating strong data we have seen out of the u. S. The macro picture looks better and that means ultimately, what that means for the federal reserve. We are looking at crine shares. China itself trying to stimulate it economy and the u. S. Are trying to impede its technological knowhow. Lets look at the individual areas of risk assets we like to focus on. With bitcoin, we have had a wild ride. His larry fink is larry fink on the side of bitcoin . Certainly. It looks like he moved to a place of solace and an area to be seen as safety and that is what seems to be talked about with the head of backlog head of blackrock. Ed there is a lot in the new cycle that is pushing individual stocks. Lucid ev maker saw it production drop 30 and casting doubt abou ....

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BLOOMBERG Bloomberg July 3, 2024

With joanne hsu in just a moment, and an oil rally underway. We will see how much risk you should take on into a weekend of uncertainty. Im alix steel, with my cohost in london, died guy johnson. Guy it drops onto our bloomberg terminals the headline number, 63 point zero, down from 68. 1. That is a substantial miss. 66. 7, a big drop. One year inflation wow one year inflation rises to 3. 8 , up from 3. 2 , and we have verizon the five to 10 as well. I wonder if that is gasoline prices, but Inflation Expectations are rising. That is not a good cocktail heading into the weekend. Alix no, that is not great at all. The bond market giving up some of the gains we saw on the treasury market on the frontend, so yields down by two basis points now, but equities are going nowhere yet. This is not a great read for how consumers are feeling. Guy jamie dimon warning on the call, talking about the facts that the consumer is working thr ....

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