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CNBC Worldwide July 4, 2024

We are live in beijing with the fallout. And how meta is planning to keep folks using the platform longer here is a hint artificial intelligence. It is tuesday, august 1st, 2023. You are watching Worldwide Exchange here on cnbc good morning welcome to Worldwide Exchange. Im frank holland. Lets kickoff with the new month of trading with the check on u. S. Stock futures taking a look right now. Lower across the board all three indices at the lows of the premarket it is early. The dow looks to open 88 points lower. This after stocks locked in a month of solid gains with the s p and nasdaq capping off five straight winning months. Longest such win streak since 2021 when it comes to yeartodate, the yousuperlatives get better. The strongest gain in the first rece seven months of the year for the s p. For the nasdaq, look further back up 37 y year to date the best since 1975 ....

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CNBC Squawk July 4, 2024

Now street high. John correctly predicted the rally last year. Joining us at post nine. Great to have you with us. Great to be here, melissa. What was that moment when you said, i have to go to street high of 4900 it occurred a few weeks ago we held back, waited for Economic Data to cross the transom, whether it was last months jobs or the prior months jobs whether it was the continuing claims or whether it was initial claims, what have you. And then the gdp number, i think, really added to confirmation we saw last week that there is strength in this economy, that the fed has been remarkably sensitive even though on a nominal basis the hiking has been aggressive when you consider the inflation, dangers to free money of the system where bond issuers dont pay for the privilege of borrowing money. This is a normalization process. A big shock generationally to many people who were not in the markets in 2008 and may have been this high ....

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