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FBC The Claman Countdown July 12, 2024

Crucial states. Markets are proceeding very cautiously. They are mixed at this hour after the dows 650point monday meltdown. We are only adding to that right now. Getting a little uncomfortably close to lows of the session. We are down 185. The low is a loss of 196 at the moment. You can see the s p is down seven but the nasdaq is holding on to some green here, up 50 points. No surprise, then, that megatech is powering the markets leaders. Could all that change tomorrow, when the top brass from facebook, twitter and google face the music in what is expected to be a contentious capitol hill hearing . Senator roger wicker is the chairman of the Senate Commerce committee. He will tell us what he needs to hear from Mark Zuckerberg, jack dorsey and sandar pichai. And breaking news out of tmobile. Forget telecom and 5g wars. Tmobile
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CNBC Squawk On The Street July 12, 2024

And your comments a moment ago to andrew, just sort of crystallize, not just what a job shes done, but how companies are placing their bets on looking through cycles, even though were a week away from an election and in the middle of a pandemic. You have somebody the quality of lease why isa su, best ceo i country, nonpromotional, re competitive thought this was maxed out. Youre in the personal computer and data center, it is not good enough she saw what happened to intel i dont say that with any prejudice. Just that she left intel behind. She is in the data center, who is she who are her clients . Azure, google, and, of course, amazon but it is time she feels it is time to branch out into auto, time to branch out into defense into telco when you look at xilinx, what youre seeing is a mosaic where there is some overlap in data center, but the rest is an attempt to say, you know what, we need a bigger total Addressable Market w ....

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FBC The Claman Countdown July 12, 2024

At any moment in wilmington, delaware. It will be the former Vice President s first oncamera comments since election day, election night. Of course, last night. And were going to take you there as soon as it happens. And President Trump has yet to be seen today, but he is using the twitter microphone to blast the process of tabulating votes across the nation. Wisconsin, the latest state in the biden column as we just told you. The fox news decision desk awarded it to the vp, as we said, in about 12 minutes. The number of votes separating the candidates, razor thin. So the Trump Campaign has called for a recount. In michigan the counts still ongoing at this hour. The secretary of state saying we could see unofficial results by the end of the day. Biden with a slight lead at the moment. Now in pennsylvania more than a mil ....

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FBC Maria Bartiromos Wall Street July 12, 2024

Back at some of the weeks big moments in this weeks edition of the weeks talkers. Watch. Maria you have a scenario that you believe took place here. Tell us what you see. Oh, definitely. They framed general flynn because he was the cornerstone of the insurance policy to destroy President Trump in the event he was elected. Maria youve been talking about this, something was to come, for some time. If you take a look at this hard drive and youre an fbi agent, youre compelled to do something about it because there are things on it that havent come out yet that if any fbi agent sat by and watched it, they shouldnt be an fbi agent. Maria the fbi was leaking stories to web sites, and then they would use those stories that they leaked as evidence to renew the warrants to spy on the trump campaign. This is a scandal, and it stinks. If you look at what the Obama Administration d ....

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CNBC Closing Bell July 12, 2024

Alphabet seeing outsized gains and treasury yields are under pressure giving back some of their recent pop, thats weighing on the financials the Kbw Bank Index is down around 3 with 59 minutes left in the session, banks one of the few decliners, sara, broader markets ripping up. We have a great lineup of guests over the next two hours to help make sense of the election, the market and your money. In just a few moments Guggenheims Scott Minerd will join us with his take on the rally and later we will hear from long time pharma exec fred hassan about the impact of the election on health care, those stocks zooming higher, plus kyle bass with a take on what all this means with the u. S. Relationship with china and bob diamond will weigh in on the banks. Lets get straight to the market rally that is happening. Mike santoli tracking all the action. You see a move like thi ....

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