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Transcripts For CNBC Squawk Box 20240711

Highs. S p futures are indicates up by 5 1 2 points, the nasdaq is down by 23. If youre looking at the performances over the last seven sessions, the s p has been up six of those sessions. Over the last five days, the nasdaq has been after four of those sessions hat tip to peter for running these statistics for us. The s p 17 points from the hie, and nasdaq, 79 or 80 points off. If we take a look at whats been happening with the treasury department, we have been watching that, yields push up, the ten year up 1 , this morning at 1. 14 , higher yields once again. Andrew. Thanks, becky. Lets get to some of those political stories that everybody is watching this morning the house of representatives voting to impeach President Trump for the second time. The chamber charged him with high crimes and misdemeanors for inciting that insurrection at the capitol last week. All democrats and ten republicans backed the measure the senate will hold a trial but it wont start until tuesday at the earli

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Transcripts For CNBC Squawk On The Street 20240711

Moderna is next fda staff endorsing emergenc use of its Covid Vaccine and a critical step toward approval as early as this week and apples production boost reportedly aiming to make 96 million iphones for the first half of 2021 that would be a nearly 30 jump over production from one year ago, carl. Yeah. Well talk about what nikkei said today, david. As for moderna, briefing docs are interesting again. Some of the charts looking at efficacy, placebo versus the drug itself suggests that you start to see efficacy as in pfizer after the first dose. Yeah, this is fabulous. I think people have to start recognizing that there is going to be a lot of vaccine there is going to be moderna, j j, abbott has news now about testing. But there is possibility that these companies will produce en masse a huge number of vaccines. Dont underestimate these companies. They were all understanding that this could happen. And they have a lot of firepower to be able to do a lot of things, a lot of money j j i

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Transcripts For CNBC Squawk Box 20240712

Over by 250 points and this morning you are seeing green arrows for the s p 500 and nasdaq, nasdaq right now up by about 122 points in the future market and that is pretty impressive you are now talking about four days in a row that you have seen gains for the major averages all are within 5 of their 52 week highs and in fact the transports set a new alltime high yesterday too. Right now the dow futures are indicated a little down by about 61 points. Were watching a lot of things that have been happening including news with Johnson Johnson, and earnings are coming out too. And if you want to take a look at the treasury market, right now you will see that the ten year seems to be sitting just around 0. 759 . So not far from where it has been yep, earnings are supposed to take the baton from stimulus hopes, which i dont know whether those are fleeting or not. But supposedly the earnings might be pretty good yesterday kind of weird all the stay at home new age tech stuff was strong as i t

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Transcripts For CNBC Squawk Box 20240712

A little hard. It looked to me like it was twitter. Like watching twitter for 90 minutes. I did not stick to my original plan. Baseball and bed the two bs i stayed up. I want my time back. I didnt stay up for that long you can play this game with me i felt dissed. How much words can you come up with disappointing, disturbing, disspiriting, distracting, disheartening. Disgusting. You can probably go there disspiriting i looked it up thats exactly what i wanted to say. After all those disses, i wound up with disinteresting thats when i was gone right . It was a let down ly say that. Some people like to watch the fighting it is hard to turn around from it if you were somebody who was tuning in. In my core pin of both candidates, nothing really changed. Mike Wallace Chris wallace had a tough job. I guess he did okay. Im not going to nominate him why do you bother having rules for a debate if nobody is going to bother to follow them kill the rules or give the moderator a kill switch. Both s

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Transcripts For CNBC Squawk Box 20240712

Arrows dow futures indicated down by about 260. Weve seen down 300 this morning. Nasdaq also down sharply down by 200 points and the s p 500 down by about 37 so significant declines after two other days of losses also playing out in the treasury markets as well. If you want to take a look at what is happening there, yields have gone down, right now the ten year is yield iing below 0. a lot of this has to do with renewed lockdowns in europe. Lets get to karen cho who has more on what is happening there. Thank you very much we are witnessing losses across the markets as we contend with more news flow around more severe restrictions. Weve been hearing the last couple hour 24s that there may moves announced later on today, reports from various Media Outlets suggesting that london will move to a tier two restrictions the london mayor has spoken suggesting that the Health Secretary will reveal the changes in the house of commons. No mingling between households currently there is a rule of si

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