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BLOOMBERG Bloomberg Technology July 12, 2024

Happen late. These briefings of course have been quite controversial with the president sometimes contradicting the scientists standing right next to him and also pushing treatments that have not yet been proven. The president as of yesterday has started urging americans to wear masks, saying to do so is patriotic. All that said, stocks, mixed picture today. Tech leading the losses. Abigail doolittle has been breaking it down and watching the action. Abigail another jittery day and another day where this is not a satisfactory answer, it does not feel like a satisfactory answer to some. It is very hard to say that yesterday was risk off and therefore you had technology and stayathome leading, and today is risk on. If it was a strong cyclical rally and the sectors that were higher were those cyclical sectors such as energy, financials, industrials. A stronger gain has to do with that tech laws. Nasdaq down 1 . More jittery action, that tells you lots of uncertainty as we head into the st ....

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CSPAN3 House Hearing On Coronavirus Response Drug Treatments July 12, 2024

Moment and a reflection of the part we all have to play when slowing the spread of covid19. In light of this remote format i also some reminders to the members about conduct of the hearing. Members keep their video feed on as long as they are present at the hearing. Members are responsible for muting and unmuting their microphones and please keep your microphones muted when youre speaking. And finally if members have documents they wish to submit for the record please email to the committee whose email address was circulated prior to the hearing. Well, good afternoon, and well coom the First Virtual hearing of the committee on investigations and oversight. Today were discussing a critical issue. Research into repurposing existing therapeutic drugs for covid19 treatment as well as scientific basis for the federal governments evaluation of such drugs. I appreciate our witnesses being here under these unusual circumstances, but these ....

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BLOOMBERG Bloomberg Markets Asia July 12, 2024

We are looking at currencies, strength coming through for the yuan. Dollar weakness is a big factor. Of the planthe back signed off or agreed to on 0. 1 . Us, the euro is up weaknessollar again, down 0. 2 . Hade is still value to be when it comes to chinas bonds, 2. 96 is the yield the. Is the yield. Gold is closing in on 1900 an its spot price. Future is pointing to 1900 in the near future. Il down 0. 7 demandweakness is a factor. Rishaad lets get some sense in all of this. Joining us is frank benzimra, head of asia equity strategy, societe generale. Thank you for joining us. How was your strategy evolving . The last couple of months europe become bullish on , and here politics is playing an Important Role in closing the gap in terms of undervaluation. In asia we have been reinforcing the view on hong kong liquidity. Our remaining strategy is on china. Is that all down to this Re ....

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CNBC Squawk On The Street July 12, 2024

Johnson johnson better than expected, it doesnt matter. Taiwan semi last night fantastic, doesnt matter. Apple price bump doesnt matter. When you get like that that says, let the sellers get their job done, there is some agenda here, theyre obviously not caring about news, not reacting to better retail sales or jobless claims down again. Every time that happens theres usually a great trend up someone is a seller. There is big money that wants out right now, i think a lot of people are confused about whats going on in nasdaq, amazon down 10 since the week began consequently there is no bid underneath no matter what the companies say. That will change probably midday i think its an okay day all right well see, jim obviously we talk about the market looking forward through some of the news flow and, you know, you take some of the Bank Commentary about second half growth versus first half,its not nearly as constructive and we will se ....

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BLOOMBERG Bloomberg Technology July 12, 2024

On top chinese officials for now. Joining us to break down the day that was, abigail doolittle. She has been following all the market action. Curious what you make of the whiplash today and why investors were not more optimistic about the vaccine news. Abigail another volatile day. Today, a bit jittery. There was a point in time where it felt like you were going to see a bearish reversal. It did happen for the nasdaq 100 and the new york faang index. The tech stocks and stayed home stocks did go lower. At the beginning of the day as you were mentioning, we had the surge and optimism around the moderna vaccine, that perhaps it is going to be the cureall and could come earlier. But, that is far off. When you put that together with the fact that the dollar and this is boring in a way because the dollar has been one of the big drivers for stocks and raise gaskets risk assets. The overnight, the dollar had been down 6 10 of 1 . On the open, down have a percent. When the dollar paired its lo ....

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