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CNBC Squawk On The Street July 12, 2024

Sharing demand, david, and today grocery delivery. Yeah, thats what we will be talking to him about of course, was it their second choice is certainly a question we will want to explore and when will the company get to cash flow positive. Remember prior to the pandemic, carl, there had been some important promises made by uber in terms of when they were actually going to get to that point and then of course its all had to change as a result of what theyve seen in their core business which we also will talk about as well. As we take a look, mike, as a market that is going to at least open lower, although certainly unclear whether that will hold incredible momentum yesterday and some of these names, i mean, that we talk about so often, but just this morning, looking at the market caps of amazon at over 1. 5 trillion or tesla at 254 billion it really is quite something. It is, and those are the names, thats the area of the market called secular growth, you know, call it, you know, actuall ....

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CNBC Squawk Box July 12, 2024

Anything new its been at least eight months anything new going on with you . How is life, is it a little busier than before, any change whatsoever we need to know about . Less sleep, but, i mean busier. Not boozier busier i think all our lives have been boozier. But im so happy for you it must be great i told you that all along. It is the greatest thing i dont know if people know what were talking about, but how old are the babies seven months old. That is still hard. A boy and girl. Still hard. Wow still tough and you are in it deep. All right. But we digress yeah, they are upstairs crying you look like youre far away i am hoping that they will crawl into a shot at some point. But ive seen pictures and they are so cute. We could have some Photo Bombing going on later in the program. Maybe later lets show everybody u. S. Equity futures at this hour, we do have some red across the board. It looks like the dow futures would be off a ....

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CNBC Power Lunch July 13, 2024

Done here you see the home builders, weve had a terrific rally in the builders in the last few days but hovnanian was 29 just a month ago. Its a 9 stock right now. Yes, weve had a great rally, but bear in mind how far weve come and how many more headlines we have yet to get through a lot of people are also optimistic watching the vix drop it has dropped exactly in half since march 15th it was 86 on an intraday basis march 15th, you see it at 43 exactly a 50 drop thats making a lot more people a lot more optimistic. A lot more arguments that the markets are higher have been mitigated by the fact that weve just had such a big rally and its hard to push against this rally right now. Look at these stocks right here and how much they have moved since the market bottomed, the february 21st close, which is when things really started get getting bad. Walmarts up, verizon is only down 1 . Merck and 3m down a few percent. This is when things started getting really serious you see how much the ma ....

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CNBC Squawk Box July 13, 2024

And thats when the Trading Halted it slowed some of the panic selling, the machine selling and at the end of the day, still down more than that for the dow futures for the dow a decline of more than 2,000 points. Youre looking at a big bounceback but only half of the declines from yesterday. Up by 1100 . It found some support and then it was down 5 and then it closed about where it was indicated to open. Right. But we kept saying what if the garden variety correction is 12 we got a pandemic whats a decent where do we got an additional 18 or 19 yesterday. Well, in total. Down down 18 or 19. Yeah. If it goes from here up 1,000 today youll once again be the call of the bottom you will be ill take it. I hope im the call of the bottom. I hope you are too. But its just consensus. Just the feeling that everyone has at the same time that you express. Thats all it is thats many times that is the indicator. Do you think do you think we have ....

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CNBC Squawk Alley July 13, 2024

[ inaudible question ] we wanted to find out but were getting out, we got out. We had good meetings request the taliban and were going to be leaving and bringing our soldiers back home weve been there almost 20 years. Done a great job weve got rid of terrorists. Now its up to other countries to get rid of those terrorists [ inaudible question ] we have discussions to go, but weve mad a lot e a lot of prog. Okay thank you. The president ahead of a meeting this afternoon with ceos from pharmaceutical companies, maybe giving just a peek of what we might expect to hear around 3 00 time. With that, stocks are close to session highs. Eamon javers, maybe you can tell us more about what we could expect today yeah, carl. We expect well see about eight ceos of those pharmaceutical companies here at the white house today. The idea is to sort of gather all the big brains in one room at one time and let the president know exactly what the expectations are for a vaccine and for treatment for the cor ....

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