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Transcripts For CNBC Squawk 20240704

A quarterly beat despite increasing costs Berkshire Hathaway including d. R. Horton and lennar weve gotten another warning from fitch, this time the Rating Agency telling cnbc it may be set to downgrade dozens of banks that could include jpmorgan chase. Lets begin with the markets. A lot of credit card data said retail was going to come in strong here. Look, the fed has tightened we know that i dont want a big jackson hole boom, but the economy the consumer is strong the enterprise is strong the weakness is, what, in trucking, in some really bad retailers . David, at times you have to play a game where you find this weakness i need to know where theres weakness give me some weakness. China go to china, young man. China is not in america i just want to give you a little well, you didnt specify geography to be fair no. But in the absolutely china is weak. I wont give out num ....

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