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CNBC Squawk On The Street July 13, 2024

Less normally. Lets start there, jim, in terms of the market overall. I have a lot of insight this morning to share on the credit markets where i tend to be focused of late. Like to come to you. When you see a rally, the likes of which we may at the open this morning, what are you thinking what i think about when i see this, the market got oversold, people last night went home thinking theres no possibility of any sort of deal. Without a deal all you have is the fed making sure theres liquidity but nothing in the hands of the people. If you dont get money in the hands of people, people will look at the landscape and say its really just falling apart something has to get done. Now theres an expectation that something will get done. If we dont get something done today with the senate, youll give up this whole rally youre banking on the politics getting together for something, otherwise this rally will be comical and you will wish you never bought in. Well be able to offer hopefully peopl ....

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BLOOMBERG Best Of Bloomberg Technology July 13, 2024

Early facebook investor roger joints me for a conversation from tech regulation to politics. We begin with the coronavirus and the outbreak spreading beyond china. In the United States, the first known case of unknown origin was reported in california. Two hours north of san francisco. The state is monitoring thousands more for signs of exposure. President trump tapped mike pence the task of overseeing the u. S. Response. Trump spoke from the white house wednesday. Pres. Trump because of all we have done, the risk to the American People remains low. We are ready to adapt and do whatever we have to. This one is different, much different. This is a flu. This is like a flu. I think the stock market will recover. This economy is very strong. Emily but the markets were not all fine, with markets pinned to the virus threats. The s p 500 and dow jones suffered big losses this week. ....

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BLOOMBERG Best Of Bloomberg Technology July 13, 2024

Conversation from tech regulation to politics. We begin with the coronavirus and the outbreak spreading beyond china. In the United States, the first known case of unknown origin was reported in california. Two hours north of san francisco. The state is monitoring thousands more for signs of exposure. President trump tapped mike pence the task of overseeing the u. S. Response. Trump spoke from the white house wednesday. Pres. Trump because of all we have done, the risk to the American People remains low. We are ready to adapt and do whatever we have to. This one is different, much different. This is a flu. This is like a flu. I think the stock market will recover. This economy is very strong. Emily but the markets were not all fine, with markets pinned to the virus threats. The s p 500 and dow jones suffered big losses this week. At some point, as much as 10 . As for the tech ....

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BLOOMBERG Best Of Bloomberg Technology July 13, 2024

Bob iger will continue to direct creative endeavors. And conversations from tech regulation to politics. We begin with the coronavirus and the outbreak spreading beyond china. The firstted states, known case of unknown origin was reported in california. The state is monitoring thousands for signs of exposure. President has tapped mike pence the task of overseeing the u. S. Response. Trump spoke from the white house wednesday. Done,ause of all we have the risk to the American People remains low. We are ready to adapt and do whatever we have to. This is like a flu. I think the stock market will recover. Emily but the markets were not all fine, with markets pinned to the virus threats. The s p 500 and dow jones suffered big losses this week. As for the tech sector and supply chains, microsoft and apple sounded the alarm. I caught up with dan ives thursday. Tragedy, butjor view is that we have to look at if this impacts demand or cha ....

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BLOOMBERG Bloomberg Technology July 13, 2024

And global domination. Tesla is one step closer to opening a massive factory in europe Winning Court approval where it eventually plans to make 500,000 cars a year. U. S. Stocks sank friday amidst renewed concerns over the coronavirus. Tech Companies Hit hard. With more, i want to get to taylor riggs in the newsroom. What happened . Taylor the s p 500 was off about 1 . Of thearing the brunt losses, off 2 . Apple and alibaba off 3 . Investors are pulling their chips off the table heading into the weekend with the nervousness we are seeing about the coronavirus. Teche last five days, clearly the worst performer off about 2 or double what the s p 500 lost this week. The tech sector losses led by nvidia. They get 1 4 of their revenue from china. I want to put the losses into perspective. Losses for chipmakers were off three pointer percent. For the day, 3 . Worsthardly one of the d ....

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