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Transcripts For CNBC The 20240703

As another formerly highflying ipo files for bankruptcy and its preparing for its Public Offering and what the recent spate of lackluster ipos means for Silicon Valley and beyond and the bullish call on one housing name supposed lead well posi positioned if theyre here to make his case. Lets s lets start with the markets and dom chu. Its carnage for some more than others and Consumer Discretionary and the Media Telecom names are holding up relatively better which is why the nasdaq is outperforming just marginally higher by 0. 1 and the composite 13,239 and where youre seeing the pressure is the dow drindustrials and s p 5. The s p 500 is down 23 points and 4264. At one point today we were up 12 points on the day. Down roughly 28 at the low and tilting towards at or near the lows of the session right now. So losing some steam in that broader measure of the overall kind of stock market. You want to talk about some of the confusing crosscurrents that are happening right now in the macro k

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