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CNBC Squawk On The Street July 12, 2024

Weekend. Our roadmap begins with the record setting week. What are the risks to the rally . Plus tesla on a tear, set to open at record high after topping 2,000 for the first time. And democrats demanding answers, the embattled postmaster general testifying this hour amid a political furor surrounding policy changes ahead of the november election guys, its going to be an interesting morning to sort of take stock of where weve been over the past couple of days the s p all time high, apple 2 trillion, scott, tesla 2 k even though b of a this morning says that weekly outflows look like they may be the biggest in about 15 weeks despite some of these new highs. Maybe this is the week, carl, where technology said, do you know what, wait a minute, not to fast, growth, not to fast, value. Ever been has been coming out of the woodwork trying to make these calls that there is going to be this great rotation, carl, from growth into value stocks and these cyclical and epicenter names as tom lee ha ....

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CNBC Squawk On The Street July 12, 2024

That we are looking at, much like we did yesterday where we were talking a great deal about the possibility of a new record even intraday or all time on the s p. Yesterday it was that bizarre russian vaccine news and i think we can all term it bizarre, but today its moderna signing a deal with the u. S. Government which is signing a lot of deals to make sure that there is manufacturing capacity in place to deliver a lot of doses of a vaccine if and when it does get through phase three trials into i was listening to meg tirrell this morning and i was looking at an email how much is regeneron getting. 500 million in july i would say, david, is there any amount that you wouldnt spend on these companies to get this thing beaten because if were spending 2 trillion to just try to stay in place we have got to flood the market with money. Make it so its worth wise for everybody. I have emerging bio tonight, they would be helping making a lot of these giant doses and i dont think i think that y ....

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KTVU KTVU FOX 2 News At 6pm July 12, 2024

Sick leave. Health Officials Say the goal is to slow the spread of the virus in Alameda County where many people who test positive continue to work for fear of getting fired. Heres a look at the numbers in the bay area. There were 973 new cases for a total of over 56,000. San francisco and santa clara had the highest numbers with about 240 new cases each. 16 deaths were reported in the bay area including six in marin county and four in contra costa county. The bay area has now seen 858 deaths. As for the state numbers today, a total of more than 524,000. And there were 202 deaths bringing in the state death toll above 9700. The superintendent of california schools says work is underway to connect up to a Million Students to help with distance learning. The state is getting help from two high tech giants to get those kid ....

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CNBC Squawk Alley July 12, 2024

The companys intelligent cloud bids that including azure, windows, posted 13. 4 billion in revenue. That beats consensus by a bit. Azure slowing up a bit. Ceo had a question about that and the companys growth on last nights call asked whether or not he is concerned about it my own approach to this would be not to worry as much about shortterm whether or not it is the growth number, im not trying to match an artificial number i think the world will come out of this and it will be stronger when we invest in this space. An ad spending slow down, and they closed that acquisition four years ago right now the Gaming Business had record engagement. People stayed home and they played they call itd a breakthrough quarter for gaming, guys yeah, xbox and surface two were nice surprises. The other big earnings move in tech is twitter. Lets get to Julia Boorstin on that yeah, twitter gre ....

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CNBC Fast Money July 12, 2024

2. 5 florida reporting a record jump in new cases today the governor of texas saying there is a major Virus Outbreak sweeping the state new york, New Connecticut imposing ;stcftk from hotaa spots guy . The bottle i dont think theres anyway to get people to go back to what we were doing a few weeks ago i think we tried to do this too quickly. One of the things i said and im not splitting the at tom here, a lot of people have said it, the bullish, cmi m 1 if you want t }zthe beach. That soon as much as youd love ton seea vaccine arounds, the corner,vs just not thereband the0÷numbe are going back. thats veryfk troubling especiay when youre talking about s an economy thatca73 drivecmby consumer theanes p 500 clztoday at 3050 to me the number that keeps popping up is 2790 and the s p 500. It makes a lot of sense for a lot of reasons you just say, well, look wher ....

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