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Transcripts For CNBC Power Lunch 20240711



we have three co-equal branches of government, co-equal. our president is not above the law. justice serves the people. it doesn t protect the powerful. justice is blind what we saw yesterday in plain view was another violation of the fundamental tenet of this nation not only did we see the failure to protect one of the throw branches of our government, we also saw a clear failure to carry out equal justice. as we used to say in the senate, excuse a point of personal privilege. a little over an hour and a half after the chaos started, i got a text from my granddaughter, finnigan biden, a senior inher last semester at the university of pennsylvania. she sent me a photo of military people in full military gear, scores of them lining the steps of the lincoln memorial because of protests by black lives matter she said, pop, this isn t fair no one can tell me that if it been a group of black lives matter froprotesting yesterday, they wouldn t have been treated very, very dif ....

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Transcripts For CNBC Power Lunch 20240711



of deliveries in the latest quarter. there s one roadblock on the horizon that investors may be missing we ll explore that one and lear, the vaccine rollout hitting speed bumps as states struggle to administer millions of doses we ll talk to the governor of colorado about its progress and how it is battling the enough covid variant that showed up there first. power lunch starts right now hello, ty. welcome back welcome, everybody i m kelly evans. the market s bull run hitting a roadblock today as we re seeing a broad selloff, the worst start of the year for the s&p since 2001 let s go to bob pisani for more on the markets what we are seeing today is a broad-based derisking. we re off the loaves but it is a deriski derisking. what does that mean? fancy word, right? i mean everything is basically down it s that simple, folks. so you have cyclical names, like real estate, reits and industrials, growth stories like technology, they re down and then defensive groups li ....

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Transcripts For CNBC Power Lunch 20240711



wall street. the dow is down about 70 points. boeing 737 max returning to flight today phil lebeau was on that if first flight we get his take and a closer look at the stock that was the worst performer on the dow this year and ou guest coming up is tilman fertitta much more, power lunch starts right now. all right thank you very much, kelly i am brian sullivan. welcome to power lunch. we begin with the markets and your money when the futures started rallying this morning, looked like it could be a big time tuesday but that faded pretty quickly. we re not down too much, though, bob pisani, down 76 points as we head into the home stretch of 2020 markets holding up reasonably well the last couple of days and weeks. incredibly well we re just off record highs here the problem is that some of the market leadership, benninganks, energy, industrials that were doing terrific coming into december have lost steam how much farther can you push the markets? industrials are ....

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Transcripts For BLOOMBERG Bloomberg Surveillance 20240713



of citigroup, although tobias levkovich will join us later. on a serious note, things deteriorate in hong kong in the last 24 hours. francine: a lot of the focus is on china. we have the national people s congress and the premier talking about targets being abandoned because it is too difficult to predict gdp and they want to create 9 million jobs, less than the 11 million jobs in 2019. we will have to see what happens with hong kong, the lobbying passing through. the u.s. will weigh in and china is pushing back. i would focus on china all day today. tom: absolutely would. jon ferro way out front on the tensions of washington and beijing. here is ritika gupta. ritika: hong kong activists are calling for protests against a new china security role. the national people s congress is expected to pass the islation forcing hong kong acts of treason and subversion. president trump well react very strongly. china abandoned its practice of setting a target for economic growth ....

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Transcripts For BLOOMBERG Bloomberg Daybreak Americas 20240713



from beijing to new york, jersey and south carolina. we have the top stories. we begin in asia, where the spread of the coronavirus is feeling concerns it is widening the pandemic. the cdc issuing a stark warning for the u.s. it is not so much a question of if this will happen anymore, but rather a russian of exactly when this will happen but rather a question of exactly when this will happen? me is selena. walk me through the latest. in china, the rate of infections continue to stabilize. fewer cases than the day before. the rest of china reported five new cases, and all of the additional fatalities were in smaller areas as well. city is not requiring people arriving from japan or south korea to go through a 14 day quarantine. the momentum is shifting outside of china. you have seen south korea becoming a new hotspot with infections raging up. testinginitially positive for coronavirus, which would be the first infection in latin america. italy has had more than 3 ....

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