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CNBC Closing Bell July 13, 2024

Orders thats weighing on the dow nasdaq about 4 itself today s p up about 3 , sara. Weve got big news coming up on todays show. Wells fargo ceo joins us to break down the Small Business loans and impact of pandemic on the bank then later, well speak exclusively with the ceo of Carnival Cruise lines as a they take a huge hit. Carnival shares down about 75 this year. Well have the ceo if and when the industry can get back on its feet with 59 minutes left of trading, lets focus in on the big stories. Wilfred has the news on the Bank Earnings meg with the treatments and vaccines and Steve Liesman wi k34e7b9s from two fed officials. Gl they had opened hirer this morning, jpmorgan and wells fargo. Provisions for potentially bad loans spiked 8. 3 billion for jpmorgan, 3. 8 ....

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CNBC Closing Bell July 13, 2024

Market rs doing because they did see a significant bounce around about midday when the president said he would be addressing the nation at 3 00 p. M. And with it came the eck peckation that he would declare a state of emergency. That took us off the lows of the session. Were splitting the difference it was up 1339s at the high, 85 and currently 865 points lots to discuss. Straight to eamon javers who is outside the white house. Eamon, what are the key things we might be expecting from this from the president well one of the things were going to be looking for is whether he makes any mention of the bill na that nancy pelosi said hes going to pass as early as this afternoon in terms of dealing with the virus a Senior Administration official told me that the white house still objects to several provisions in that measure will the president embrace it or discard it thats a key question. Lori ann is reporting that
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CNBC Closing Bell July 13, 2024

Eamon javers is inside the meeting. Meg, what can we expect outside of this meeting . We did see the executives head in just a few moments ago as well as research chiefs theyre expected to discuss the status of development of both vaccine and drugs for the novel coronavirus. Gilead and regeneron have medicines in development, while the others are working on vaccines, as moderna las already delivered a batch for testling Stephanie Duke is catching up with stan erk, asking what he hoping to get from this meeting. Im hoping to get a commitment from the government theyll help us expedite the process. The case numbers are continuing to rice here, with seattle and king county just announcing an additional four deaths, bringing the total in this country to six. Guys what are you expecting, meg, in terms of the numbers of those that are diagnosed, given the fact that the cdc apparently is starting to provide more contests or is it in addi ....

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BLOOMBERG Bloomberg Daybreak Americas July 13, 2024

We bring you todays market moving news from around the world. Our bloomberg voices are on the ground with this mornings top stories. We want to begin with china. The government has agreed to cut import tariffs on a wide range. F goods joining us is stephen engle. Break down what we know about the tariffs, why now, etc. Stephen this comes fresh after a trade one agreement a phase one trade agreement. A gesture, yes, to show its lowering trade barriers, but it also wants to spur domestic spending for those 859 products he mentioned, from smartphone parts to food, in particular, frozen pork. All of these products will enjoy lower tariffs, and it comes as china hosts a critical trilateral summit this week that has already kicked off in beijing between china and japan. South korea will also take part. Trade, territorial disputes, military maneuverings, of course, exacerbated by north thoses posturing, and all historical animosities still persist. So those talks should be welcome. Been korea ....

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BLOOMBERG Whatd You Miss July 13, 2024

Rebound. We finally found some direction given that we are spending most of the day stuck in neutral. Its interesting we had a steady climb in the last area 40 minutes of trade today. Im thinking about bitcoin. Sharplybeen going down and it seems to be libre related. Zuckerberg testified before the House Finance panel yesterday. He said it libre would not be launched without government approval. That probably put the fear into frequent and cryptocurrency users everywhere. Heres the big uptrend earlier this year. After the announcement of labor, libra, were seeing that again today. It decline is now confirmed to go ballistic thousand after earlier those two points confirm each other it looks like bitcoin may continue to drop i am looking at shares of tesla. We know that they missed their delivery numbers. We didnt get the 100,000 mark. We got 95,000. It now we are going to wait the hell we can analysts want to see if we can get some ....

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