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CNBC Power Lunch July 12, 2024

Twitter, defending how they moderate content on their social media platforms. Some senators not buying it at all. Well bring you the latest details. Meantime, kelly. Tyler, thank you very much. Weve got all the big stories covered for you today. Bob pisani is watching this big down day for stocks. Meg is tracking the latest spikes in covid cases and ylan mui on this tech hearing on capitol hill today lets start with you, ylan reporter well, kelly, there was a lot of Political Drama during this hearing today but also an important discussion about election security. With all three ceos acknowledging that other countries are trying to interfere in our election, and theyre trying to do it on their own platforms. We do continue to see interference we recently disclosed actions we took on both russia and actions originating out of iran. We do continue to see coordinated influence operation items. Weve been very vigilant we appreciate t ....

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CNBC Power Lunch July 12, 2024

Truckers or some other area of transsport that are really the hot spot and the pandemics have been a game changer for video games and have taken upstage 70 over the past year and we have those details. Power lunch starts now thank you, ty the clock is stiticking on what nancy pelosi is the last chance to get a stimulus package now. Ylan democrats are holding a Conference Call right now before she talks to the treasury secretary at 3 p. M he said conversations have been encouraging but there is still a lot of work to be done a few of the issues, testing and its impact on minority community, Child Tax Credit, state and local funding, the census, workers liability and Health Care Providers and thats not even an exhaustive list. Meanwhile, Senate Republicans
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CNBC Power Lunch July 12, 2024

Month of september, strong Consumer Sentiment numbers to go along with them. And later, gilead pushing back after the World Health Organization says the drug remdesivir does not prevent death in coronavirus patients. Weve got the latest details as power lunch starts right now thank you, ty. The markets are marching back after a few down days. Dom chu has more on whats moving decent sized gains but off the high of the session. We are up 243 points with the dow at the highs of the session, up roughly 348 points. You can see there, yes, still strong gains but not nearly where we were earlier in the day. The s p has reclaimed that 3,500 mark, the nasdaq only up about one third of 1 . The leadership in terms of the s p 500 has been in one week industrials and technology, both up nearly about 1. 5 meanwhile, the biggest laggard off nearly 2 is the real estate sector ....

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CNBC Squawk On The Street July 12, 2024

Amazon also boosting, well, going up, of course, and apple, man, youve seen them both over the last day and this morning perhaps no exception, later today, we get the apple phones, prime day has kicked off, carl it is a big day. And as it was for yesterday, in terms of the stocks. Indeed, were within 2 of all time highs on the s p, trying to get back to the september highs, jim but i wonder if you think the lead this morning are these loss provisions at jpmorgan. I am surprised positively i think what has happened is people arent spending, not borrowing, credit card losses, fine Small Business loans, i dont know where the people are that theyre not suffering. This is it is not a happy maybe jpmorgan is lending better i will say this, david noticed this, there will be a call that goes on, simultaneously when we talk about it, and that call is going to take the wind out of our sails, david, if we
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CNBC Squawk On The Street July 12, 2024

Slightly as the drugmaker did say it will seek that approval for an emergency use for its vaccine by late november. As carl mentioned, wall street looking to snap a threeday losing streak. September retail sales delivering a big beat. Futures up this morning. Carl david and leslie, a couple of things working in the bulls favor today. Three days down. A little bit of room to bounce back on the upside, david. But futures were slightly negative, then we got that open letter from pfizer, saying that we could be looking at potentially a request for an eua by mid to late november and retail sales with that blowout number for the month and year on year the figures, david, reflect a consumer that has put together a nest egg during the course of the summer, and that is continuing to provide some momentum for the consumer. It is funny, i go back to that interview i did with david berman of maybe six weeks ago already, but somebody who tracks retail sales, more closely perhaps than anyone. And in ....

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