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CNBC Closing Bell July 11, 2024

Shares of pharmacy giants are under pressure after amazon said it was jumping into the Prescription Drug business bowe is off a little pour than 100 points nasdaq and s p clinging on the gains. Coming on todays show, retail earnings season full swing. Shares of coles are higher after topping eps estimates this morning. We will talk with the ceo. Plus, as the u. S. Is seth coronavirus records we will talk with dr. Eric gooseby. All of that still to come. First lets focus on the big stories today. Mike santoli is tracking the market phil lebeau has more on teslas spree into the s p 500 and we will talk about the pharmacy space and amendss move into it. Mike santoli lets start with you. It was the morning was off the lows a mild pullback. Market seemed like it needed to cool off and rest for a day. Right now riding the upper rail here we close at a record yesterday remember that. Above 3600 working below week ago mondays high hard ....

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CNBC Closing Bell July 12, 2024

High end model with the biggest screen yet but shares are slipping after yesterdays big gains. Banks but are in the red a busy afternoon 59 minutes left of trade the dow down 157 or so. Lets get to the big stories. Josh lip ton has the latest from today as apple each. We have the latest on eli lily and we have the Broader Market action josh, apples shares are slipping today, but still higher so far for the week. Wilf, apple bulls will argue what you saw today is the start of a new iphone super cycle. We have to wait and see whether consumers though are just as excited. Tim cook introducing the companys first new 5genabled iphone, the iphone 12. It will be available in four versions, different sizes starting at 699 for the mini, which has a 5. 4 inch display to the max, which has a 6. 7 inch display and costs 1,09 9. The transition from 4g to 5g is complex. Some argue 5g coverage is spotty right now. Though it could act as a cataly ....

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CNBC Closing Bell July 12, 2024

Additions here amgen, honeywell and salesforce which report after the bell. 59 minutes left of trade welcome to the big show, david yep and head on todays show as well sara, were going to discuss the Economic Data points and what the outlook is Going Forward were going to have the council of economic advisors acting chairman his name is tyler goodspeed. Hell be our guest plus, well focus on todays strong housing dwrat with redfins ceo glenn kelman. And it may be late in earnings season there are still some big names reporting after the bell including sales force, nordstrom, Toll Brothers and more well bring you all the numbers, sara, as soon as they hit the tape before all that, lets get straight to the market the major arnlgs following another record high for the s p 500 yesterday. Mike santoli is tracking all of the moves ....

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CNBC Closing Bell July 12, 2024

And individual names getting lower. That keeps it pretty much unchanged year to date we have a massive show coming up discuss the latest stimulus negotiations th thats any minute now its the key question for the markets today. And then as the heat gets turned up on big tech, well talk to the always candid ceo about the precious ceos facing testimony tomorrow and the stay at home trend a huge swell of tech earnings coming to day and later this week. Lets start with the broader markets. Mike, over to you. Thank you we have markets on pause for the most part today. Bond market is qui wet yields at the lows stock market, too, is hugging this very familiar area, basically flat on the day. That is an area of attraction. Well see fit lasts for now. It is the defensive factors. The ones that benefit from low yields that are up today, real estate, staples and utilities. Take a look though at a couple of indicators as we wait for the fed decision tomorrow. Whats going on and how quiet the bond m ....

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CNBC Squawk Box July 12, 2024

To get things started off. The dow is down by 17 points but the s p and the nasdaq is there. Nasdaq is indicated up by 47 points this is after a strong month of july for all three of the averages the dow up by 2. 4 for the month. The s p saw its best july by ten years. It was up by 5. 5 . Thats nothing compared to the nasdaq today is the first trade ding d of august. Thats out at 10 00 a. M. Eastern time today also take a look at treasury yields you did see yields under extreme pressure or ten year closing at its lowest level since all the way back to march 9th. Right now it is a little bit higher 0. 546 stimulus talks in congress. Trump administrations officials and House Speaker nancy pelosi are set to resume negotiations today on their competing visions of a bill. The Sticking Point continues to be a boost set at 600 per week in march that lapsed on friday he and
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