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CNBC Mad Money June 22, 2024

Again today. Dow advancing 70 points and the s p climbing whats going on here . Why the heck are Money Managers leaving the very best in order to pick at the raggedy rest . When i say nobody likes these stocks i say most of the bigtime Money Managers and an acts vift that we interviewed yesterday just didnt want to go to those areas. They didnt seem to like or trust these businesses. For example, bill akreman, smart guy, made companies with restaurants and railroads, said he fears buying into businesses that could be wiped out by a disruptive competitor virtually overnight. He likes Companies Like Warren Buffett describes a business that can be taken down from the proverbial better mousetrap. The Money Managers ....

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CNBC Squawk Box June 22, 2024

Meeting. Policy announcement coming up at 2 00. In global news chinese stocks rallying overnight. This morning snapping the threeday losing streak. The shanghai composite closing up 3. 5 . Big growth. In europe greeces stock market will not be reopened today as some had expected. The exchange is waiting for an okay from the ecb and government decree. Thats 6 or 700 points. Huge. Stocks to watch this morning, twitter earnings and revenue are both above estimates but it was the Monthly Average user number and it grew at its slowest pace since it was public and that is accounting for a pretty substantial selloff today. 32. I dont know the last time it was there. Jack dorsey this weird beard, calls this unacceptable. Have you seen the beard hes sporting . I have. Its like does the not pass by mirrors . People dont talk. He has a lot of yes people. Yeah it looks good. Yeah, it looks good. I like that egg yolk. Right here. More of his ....

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CNBC Squawk On The Street June 22, 2024

Twitter. Shares down 11 premarket after showing the worst growth rate ever. I spoke the outgoing Procter Gamble ceo yesterday. That coming up. Some disappointing guidance but first up twitter taking a hit despite beating expectations revenue up 61 in the user growth quarter. Interim ceo dorsey last night expressing his dissatisfaction during the Conference Call. Instant time lines and logged out experiences have not yet had meaningful impact on growing our participation. This is unacceptable and were not happy about it. We need to do three things. One, we need to ensure a more disciplined execution. Two, we need to simplify our service to deliver twitters value faster and three, we need to better communicate our value. Stock closed at 5 . Ended up down 11 after hours. The quote of the day, we do not expect to see sustained meaningful growth until we reach the mass market and ....

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