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CNBC Closing Bell July 12, 2024

To start in september. The s p 500 is therefore positive though not at a record. Were 59 minutes left to trade and we have two big exclusive interviews coming your way on todays show delta Ceo Ed Bastian will join us with the latest view from 30,000 feet on the state of the Airline Industry and his companys announcement today to keep middle seats blocked until at least the end of the year. Plus, well speak with marc short about stimulus negotiations or the lack thereof. China trade talks and the latest signals on the economy you dont want to miss either of those conversations. Lets get to the big stories were tracking a volatile day for the lows we have a look how the economic recovery hasnt benefited everyone but we begin with the fast moving developments surrounding uber and lyft in california. Fast moving indeed. We found out just moments ago that uber and lyft have won ....

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CNBC Squawk Box July 12, 2024

Continuing to be all about tech. Surging since the best monthly performance since 2000 u. S. Equity futures, youll see at this point you are looking at some green arrows across the board. Nasdaq indicated up. Dow is up, so is the s p 500 well talk about zoom. It is those Technology Stocks leading the way. Looking here to date, they are up more than expected. Looking at the treasury market, it looks like the 10year is yielding around the same amount of 0. 726 . Zoom, huge news. Right now, top single stock of the day is zoom the stock is on fire that may be the least impressive thing. Jumped over 300 year over year. Free cash flow up 2,000 year over year. New customer subscriptions delivered 81 of the Revenue Growth and less customer churn than expected. Kelly will join us to dig through the quarter at 8 30 eastern time stock up 80 right now how would you like to be in a bus ....

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BLOOMBERG Bloomberg Surveillance July 12, 2024

Have come on the show saying this was started by the you Recovery Fund, but also inflation is better than expected in europe today, and that growth figure not as bad as it could have been. It is clear that the markets are moving, but i think in general they are buoyed by the Massive Technology earnings that are seeng a lift overall, as we parts of the economy in terms of technology, deliveries, things like that, that are outstanding at the moment. Tom Stephen Engle with us moments ago, and he will join us in the hour, our lead hong kong reporter. This is carrie lam in hong kong, at a not unusual press conference. Stephen engle reports that we could get some announcements out of this rather extraordinary, particularly on the election as well. Are ratherhis that extraordinary, particularly on the election as well. We wil ....

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CNBC Fast Money July 12, 2024

Apple. Josh lipton has the latest reporter apple says the stock split is to make the stock more accessible to a broad base of investors iphone revenue is blowing past expectations 26. 4 billion. I did have the chance to catch up with apples ceo tim cook we talked about those iphone demand trends and the mix in the quarter. Cook telling me iphone 11 is the most popular iphone and we had a great launch, he says, on iphone se during the quarter. It was also very strong, an uptick in switchers, meaning android switchers, that we were happy to see and the iphone se is clearly helping with that i asked cook about those broader work from home trends, how is that benefiting apples products and services during the quarter. Cook says it definitely is, it definitely has boosted, cook saying, mac and ipad, we see those picking up for productivity weve son several school buys of ipads. We have the strongest lineup in both mac and ipads than weve ever had, a combination of those coming together at t ....

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BLOOMBERG Bloomberg Surveillance July 12, 2024

Without question, the most odd, the most historic first half in the history of american finance. Theres no question about that, and it still continues. We will talk to you on economics, finance and investment. Jon will have a usable jon ferro data check for you. I really want to go to the farnt at hand, which is how people are behind after the down that we saw, and then the whipsaw up, up. Jonathan First Quarter since 2008 replaced by the best quarter since 1998. On the policy response, the next 30 days he is critical. At the start of march, end of february, we talked about building a policy bridge to the end of the year. I think what is clear going into july is that bridge needs a serious extension for a lot of people still in a lot of pain. Tom theres not a moment to patrick borrow from obrien. Much more than two weeks ago, it is let go. Lisa the more uncertainty there makers,e part of policy with fed chair jay powell expected to ....

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