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learn more at prudential.com stevens dribbles up the court... he stops! ...for the championship! nice shot, marcus! sweet, turn simulation off. tssk, tssk, not so fast. what, why? did you forget marcus? forget what? your chem exam? uggh? flashcard time! the atomic weight of boron. the future isn't scary, not investing in it is. 100 innovative companies, one etf. before investing, carefully read and consider fund investment objectives, risks, charges expenses and more in prospectus at invesco.com. >>> good afternoon welcome back to "the exchange. i'm tyler mathisen with your cnbc update this hour. >>> joe biden's campaign will hold a star-studded campaign fund-raiser today at radio city music hall in new york stay out of that neighborhood. that will include two of his predecessors, president obama and clinton, as democrats set their sights on the general election later this year the fund-raiser is slated to bring in more than $25 million and will work to boost biden's re-election campaign as he faces concerns about his able and other things >>> representative mikey cheryl says she
learn more at prudential.com stevens dribbles up the court... he stops! ...for the championship! nice shot, marcus! sweet, turn simulation off. tssk, tssk, not so fast. what, why? did you forget marcus? forget what? your chem exam? uggh? flashcard time! the atomic weight of boron. the future isn't scary, not investing in it is. 100 innovative companies, one etf. before investing, carefully read and consider fund investment objectives, risks, charges expenses and more in prospectus at...
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Mar 7, 2024
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. >>> and a $1 billion lifeline as steven mnuchin steps in for new york bancorp. >>> and boeing having issues are regulators over the door plug blowout. it's thursday, march 7th, 2024. you're watching "worldwide exchange" right here on cnbc. >>> good morning and welcome to "worldwide exchange." thank you for being with us. we get you ready for the trading day ahead. the major averaging snapped a three-day leez losing streak. this action in the pre-market after we heard from jay powell saying he continues to expect interest rates to come down this year, but not ready to say when yet. >> it will depend on the path of the economy. our focus is on maximum employment and price stability and the incoming data as you look at the outlook. >> we checkfor treasuries. we continue to watch yields throughout the hour. we are watching the energy market and oil with wti hovering close to $80 a barrel. tensions in the middle east continue to rise after the houthi missile attack yesterday that killed three on the cargo ship in the gulf of aden. take a look at the oil market. oil is moving lower down .7
. >>> and a $1 billion lifeline as steven mnuchin steps in for new york bancorp. >>> and boeing having issues are regulators over the door plug blowout. it's thursday, march 7th, 2024. you're watching "worldwide exchange" right here on cnbc. >>> good morning and welcome to "worldwide exchange." thank you for being with us. we get you ready for the trading day ahead. the major averaging snapped a three-day leez losing streak. this action in the...
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Mar 14, 2024
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. >>> and former treasury secretary steven mnuchin telling cnbc just last hour that he is putting together an investor group to try to buy tiktok or the u.s. business of tiktok. >>> let's begin with the market reaction to ppi and retail sales as well. last month's decline, a little bit tight. >> as you mentioned, the market trying to look past it, struggling to do so, maybe. cpi this week, you had these big treasury auctions that maybe we thought it would knock the market potentially off course. now, there was a hiccup lower in the indexes, and bonds definitely are registering this hotter-than-expected inflation number. ten-year up to 4.22%. if this were an acutely fed-dependent stock market, it might matter more on a day-to-day basis to equities. it's not been the case. if you dial back to december, when we first got that fed pivot and everybody got excited about how soon the fed might cut because inflation was going to be friendlier and all the rest, to me, the argument was, at the time, good news on the economy can now be good news. it kind of doesn't matter when the fed cuts if they ki
. >>> and former treasury secretary steven mnuchin telling cnbc just last hour that he is putting together an investor group to try to buy tiktok or the u.s. business of tiktok. >>> let's begin with the market reaction to ppi and retail sales as well. last month's decline, a little bit tight. >> as you mentioned, the market trying to look past it, struggling to do so, maybe. cpi this week, you had these big treasury auctions that maybe we thought it would knock the...
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Mar 8, 2024
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pippa stevens? >>> a software stock is sinking , details coming up next. rylee! from rylee's realty! hi! this listing sounds incredible. let's check it out. says here it gets plenty of light. and this must be the ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the iphone 15 pro made with titanium. we mean it. amazing. all my agents want it. says here...“inviting pool”. come on over! too inviting. only at&t gives businesses our best deals on any iphone. get iphone 15 pro on us. (♪♪) [♪♪] your skin is ever-changing, take care of it with gold bond's healing formulations of 7 moisturizers and 3 vitamins. for all your skins, gold bond. >>> calling attention to macy's , popping, axioms says they are considering negotiating a sale directly to activist investor, mark hauser, outlining a strategic review of the company. we have reached out to macy's but they have not responded and we will keep you updated. that stock moving about 4% higher with less than 15 before the closing bell. we are bac
pippa stevens? >>> a software stock is sinking , details coming up next. rylee! from rylee's realty! hi! this listing sounds incredible. let's check it out. says here it gets plenty of light. and this must be the ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the iphone 15 pro made with titanium. we mean it. amazing. all my agents want it. says here...“inviting pool”. come on over! too inviting. only at&t...
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Mar 14, 2024
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and steven mnuchin is here with us at 8:00 a.m. eastern time. we will talk about that and so much more. "squawk box" is coming right back. >> announcer: this cnbc program is sponsored by baird. visit bairddifference.com. you know doug, ever since switching to workday you've been a real rock star. rock star? what do you know about rock stars? billy idol? i mean where's the skin-tight leather? my shoes are leather. where's the unnecessary zippers? that thing! billy, rock star is just how doug feels when he uses workday. thanks, rory. i'll show you rock star! be a finance and hr rock star. workday. for a changing world. billy idol just stole your golf cart! this is our future, ma. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo encore energy, america's clean energy company, now in production in south texas. energizing america with reliable and affordable uranium for nuclear energy fuel from our envir
and steven mnuchin is here with us at 8:00 a.m. eastern time. we will talk about that and so much more. "squawk box" is coming right back. >> announcer: this cnbc program is sponsored by baird. visit bairddifference.com. you know doug, ever since switching to workday you've been a real rock star. rock star? what do you know about rock stars? billy idol? i mean where's the skin-tight leather? my shoes are leather. where's the unnecessary zippers? that thing! billy, rock star is...
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Mar 11, 2024
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to pippa stevens now for the biggest names moving into the close. >> moderna shares are popping following an upbeat note from ups. pointing to confidence ahead of the cmv three vaccine this year. and a broader latent virus portfolio. shares of slipping after the justice department opened a criminal investigation into the 737 max door plug blowout n the alaska airlines flight in january. the doj and boeing both had no comment while alaska airlines said they are fully cooperating. those shares are down 3%. scott. >> thank you. we will see you soon. just getting started. navigating nvidia's fall. what this move means that we an l ask -- ask tony what that a reddit ipo coming up, too. you are watching closing bell on cnbc. [sfx: wind, rain and rolling thunder] nobody's born with grit. british announcer: rose is really struggling. it's something you build over time. american announcer: that's 21 missed cuts in a row. [car trunk slammed shut] for 88 years, morgan stanley has offered clients determination and forward thinking to create the future... crowd: stop it! ...only you can see. american
to pippa stevens now for the biggest names moving into the close. >> moderna shares are popping following an upbeat note from ups. pointing to confidence ahead of the cmv three vaccine this year. and a broader latent virus portfolio. shares of slipping after the justice department opened a criminal investigation into the 737 max door plug blowout n the alaska airlines flight in january. the doj and boeing both had no comment while alaska airlines said they are fully cooperating. those...
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Mar 19, 2024
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you saw the shadow of steven stanley, chief economist. welcome. good to have you with us. nice entrance. >> really well done. >> thank you. smooth. >> that was like a soft landing i feel like. >> there you go. >> are we going to have a soft landing in the economy? >> giving you an illustration. >> that's how you do it. >> we going to have one? >> i think so far so good. we have a ways to go on inflation, too soon to declare victory, i don't think we're going to have a recession. >> and where were you a year ago? were you in the camp that believed that a recession was likely in '23 or '24, and have you changed? >> no, i was always a soft landing guy. i think i would -- >> you expect me as a harder landing. >> i think i would say that we've had better luck with inflation than i thought. i thought inflation might be even higher than what we've seen. of course, as i said, we still have a ways to go. but, i think we made -- the fed made a lot of ground on that front. >> do you think the fed is going to cut rates aggressively this year or modestly this year? in other words, i wo
you saw the shadow of steven stanley, chief economist. welcome. good to have you with us. nice entrance. >> really well done. >> thank you. smooth. >> that was like a soft landing i feel like. >> there you go. >> are we going to have a soft landing in the economy? >> giving you an illustration. >> that's how you do it. >> we going to have one? >> i think so far so good. we have a ways to go on inflation, too soon to declare victory, i don't...
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Mar 4, 2024
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stevens will give us more details on power lunch after this. from pep in their step to shine in their coats, when people switch their dog's food to the farmer's dog, the effects can seem like magic. but there's no magic involved. (dog bark) it's just smarter, healthier pet food. it's amazing what real food can do. the all new godaddy airo helps you get your business online in minutes with the power of ai... ...with a perfect name, a great logo, and a beautiful website. just start with a domain, a few clicks, and you're in business. make now the future at godaddy.com/airo (vo) explore the world the viking way from the quiet comfort of elegant small shipsness. with no children and no casinos. we actually have reinvented ocean voyages, designing all-inclusive experiences for the thinking person. viking - voted world's best by both travel + leisure and condé nast traveler. learn more at viking.com. to advance the future of golf, pga of america chose t-mobile for business. with a 5g powered innovation hub to analyze player performance and expand co
stevens will give us more details on power lunch after this. from pep in their step to shine in their coats, when people switch their dog's food to the farmer's dog, the effects can seem like magic. but there's no magic involved. (dog bark) it's just smarter, healthier pet food. it's amazing what real food can do. the all new godaddy airo helps you get your business online in minutes with the power of ai... ...with a perfect name, a great logo, and a beautiful website. just start with a domain,...
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Mar 7, 2024
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. >>> pippa stevens has more on archer daniels midland. >> reporter: reuters sighting three sources with knowledge of the matter. they reportedly directly relate to the accounting issues that the company said were the focus of the internal probe. mike? >> pippa, thank you. up next it is a question that so many are asking, trading like it's 1999? .com boom of the late 90s, is the recent run for real? we will discuss after the break. clinbeosg ll will be right back. in >>> welcome back surgeon tech stocks have drawn numerous comparisons to the.com boom of the late 90s. our next guest says today's nasdaq rally is much more grounded joining me now is nick coralis, cofounder of data check resource. i do find it interesting i think to start that debate always pops up and seems like it over anticipates this moment when things might be getting out of hand. what you think are the most relevant benchmark to compare? >> you are right, it is interesting. the way i look at it is there is more than just price action. in the 1990s the average ipo was up 40% in the first day of trading. we also don't ha
. >>> pippa stevens has more on archer daniels midland. >> reporter: reuters sighting three sources with knowledge of the matter. they reportedly directly relate to the accounting issues that the company said were the focus of the internal probe. mike? >> pippa, thank you. up next it is a question that so many are asking, trading like it's 1999? .com boom of the late 90s, is the recent run for real? we will discuss after the break. clinbeosg ll will be right back. in...
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Mar 1, 2024
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thank you very much, pippa stevens. not too long ago super micro wouldn't have been a candidate to be added to the s&p 500. whirlpool going out, that's been one of yours in the past. >> yeah, it has. it has not been for a while. i would say i'm neutral on the stock. we have seen it getting kicked out of the down as being a bottom for a lot of stocks. look what it did for exxon, different circumstances. but for whirlpool coming out of covid where there was supply constrain at a time with demand, ran into margin pressure on supply constraints, a lot has eased. there are challenges ahead on margin but i think the stock is interesting, and i think at this point it has gotten more expensive as the earnings have deteriorated a bit. but i think it is an interesting spot, and this might be that moment for the bottom. >> decker has put up a huge quarter on february 1st. i mean -- >> does that pain you to admit it was a huge quarter for deckers? >> no, i mean should it? >> let me ask you a question, would you rather, hugs or croc
thank you very much, pippa stevens. not too long ago super micro wouldn't have been a candidate to be added to the s&p 500. whirlpool going out, that's been one of yours in the past. >> yeah, it has. it has not been for a while. i would say i'm neutral on the stock. we have seen it getting kicked out of the down as being a bottom for a lot of stocks. look what it did for exxon, different circumstances. but for whirlpool coming out of covid where there was supply constrain at a time...
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Mar 15, 2024
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. >>> beijing is not giving up without a fight after former treasury secretary steven mnuchin is looking to buy tiktok from bytedance. >>> a rare showing of confidence for boeing from one major airline's ceo. his comments coming up in a cnbc exclusive. >>> later on, the stock that could replace tesla in the magnificent seven and why today may be the opportunity to get in at a discount price. >>> it is friday, march 15th, 2024. you are watching "worldwide exchange" here on cnbc. >>> good morning. welcome to "worldwide exchange." thank you for being with us on this friday morning. let's kickoff the hour with the check of the u.s. equity futures after the first down day for the dow on the last four on the back of the ppi. the dow implied higher by four points. s&p by three points. the nasdaq down by eight. very, very steady for the time being. >>> heading into the final trading day of the week, the major averages are holding on to thinner gains. .50% gain for the dow. s&p is in a similar move and the slight discounted gain for the nasdaq. you have to not so far for the nasdaq 100 overall on
. >>> beijing is not giving up without a fight after former treasury secretary steven mnuchin is looking to buy tiktok from bytedance. >>> a rare showing of confidence for boeing from one major airline's ceo. his comments coming up in a cnbc exclusive. >>> later on, the stock that could replace tesla in the magnificent seven and why today may be the opportunity to get in at a discount price. >>> it is friday, march 15th, 2024. you are watching "worldwide...
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Mar 8, 2024
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joining me is steven cramer, ceo of bright horizons. but held back, because we cannot find enough affordable child care. >> we're in told agreement with that last segment. my perspective is access to high-quality affordable child care is holding working parent bag, and ultimately holding back the economy. so, to the extend we can find ways -- and bright horizons having done it for 25 years -- to invest into child care what's the mix that's drives things higher in this country? >> the number one reason why child care is it's expensive. it is expensive to attract, retain, train high quality teachers and practitioners. and it's tied into those delivering the magic every day in the classroom and heroes on the front lines, the teachers in the classroom. >> what does this nation need to do? >> look, i think as we look around the world and think about what are the ways in which we can solve this crisis, it really is going to come down to number of different things, but it needs to make child care more affordable for working parents. great exam
joining me is steven cramer, ceo of bright horizons. but held back, because we cannot find enough affordable child care. >> we're in told agreement with that last segment. my perspective is access to high-quality affordable child care is holding working parent bag, and ultimately holding back the economy. so, to the extend we can find ways -- and bright horizons having done it for 25 years -- to invest into child care what's the mix that's drives things higher in this country? >>...
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Mar 20, 2024
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steven, thank you for playing along. we're both in media, right? we're allowed to do this type of thing. good to have you on, and happy birthday to bill, who has a movie coming out. i think it's called "call me bill," something like that. shatner. >> oh, shatner. i still think william. >> yeah, william. quick programming note. you can catch more of jim cramer -- >> you say bill, and i think bou bill murray. >> you can catch more -- there's two bills in our life, bill shatner and bill clinton, of course. the interview with nvidia ceo jensen huang tonight on "mad money." >> bill does that. >>> coming up, we're going to talk markets and get you ready for the opening bell on wall street. first, as we head to break, check out the shares of boeing. the company's cfo updating analysts on free cash flow guidance for the first quarter. it's projected to be in the range of minus 4 to $4.5 billion. stay tuned. you're watching "squawk box" on cnbc. with grit. british announcer: rose is really struggling. it's something you build over time. american announcer:
steven, thank you for playing along. we're both in media, right? we're allowed to do this type of thing. good to have you on, and happy birthday to bill, who has a movie coming out. i think it's called "call me bill," something like that. shatner. >> oh, shatner. i still think william. >> yeah, william. quick programming note. you can catch more of jim cramer -- >> you say bill, and i think bou bill murray. >> you can catch more -- there's two bills in our...
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Mar 14, 2024
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former secretary steven mnuchin says he is putting together a group to buy tiktok. he said it will cost a lot but he thinks he can make it happen. >> it is worth a lot of money, let me just say. i think the number one issue that needs to be solved is a technology transfer. and if we can figure out a way to solve that, which i think we can, then i think the price is some large amount of money up front and probably a big turnout because you are right. the business, in my understanding, does not make money today. >> does that include the rollover the current investing group into your group? >> i have spoken to some of the investing investors. and my guess is that you one. >> all right. let's get to emily wilkins in washington now for more. high, emily. >> reporter: hey, tyler. they want someone to buy tiktok. ideally an american group. minutia laid out some of the realities of this potential sale. he does think that china will be willing to sell as long as there is not this transfer of technology, and that means the app would basically need to be rebuilt in the u.s. al
former secretary steven mnuchin says he is putting together a group to buy tiktok. he said it will cost a lot but he thinks he can make it happen. >> it is worth a lot of money, let me just say. i think the number one issue that needs to be solved is a technology transfer. and if we can figure out a way to solve that, which i think we can, then i think the price is some large amount of money up front and probably a big turnout because you are right. the business, in my understanding, does...
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Mar 26, 2024
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steven banks is here with me now. steven, i think in your notes, you answered any qmy question. money is more expensive now, of course, and is staying expensive than it has been for a very long time is that a problem given the fact that private equity raised so much cash? billions and billions while interest rates were low and did it on decent terms as well is it the case and all this activity is regardless of the cost of capital which has gone up in recent years rather than despite the fact it remains high >> i think that's right. i think private equity firms are sitting on substantial amounts of capital there's been a reluctance to deploy the capital because of the economic uncertainty that we have been facing in 2023 the legacy of that in 2024 i think private equity doesn't like economic uncertainty and has up until now been deploying that capital >> let's face it, it is stick it in the bank and earn 4% or 5% if they stuck it on high yield. they have to prove their worth is that a barrier to deal? >> i think investors and private equity firms are looking for private equity re
steven banks is here with me now. steven, i think in your notes, you answered any qmy question. money is more expensive now, of course, and is staying expensive than it has been for a very long time is that a problem given the fact that private equity raised so much cash? billions and billions while interest rates were low and did it on decent terms as well is it the case and all this activity is regardless of the cost of capital which has gone up in recent years rather than despite the fact it...
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Mar 1, 2024
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now to pippa stevens with a cnbc news update. >>> the newark man who shot a young woman in his driveway will spend at least 25 years in prison. the 66-year-old man was convicted in january for the murder of a young woman who accidently turned into his driveway while searching for a party. in addition to themurder charge, the man received a sentence for tampering with evidence. >>> the cdc is dropping guidance that covid positive patients should isolate for five days, ending the strategy in place since the pandemic that health experts said was an important part of controlling the spread. the agency issuing new guidelines today aimed at treating covid more like other respiratory infections. >>> first responders made a daring rescue today, saving the driver of a semi truck dangling off the clark memorial bridge in louisville, kentucky. the bridge is still closed to traffic after the semi appeared to have been going north before it crossed to the south bound lane, crashing through a guard rail. that is quite the video. >> pippa stevens, thank you very much for the news update. >>> bitcoin's
now to pippa stevens with a cnbc news update. >>> the newark man who shot a young woman in his driveway will spend at least 25 years in prison. the 66-year-old man was convicted in january for the murder of a young woman who accidently turned into his driveway while searching for a party. in addition to themurder charge, the man received a sentence for tampering with evidence. >>> the cdc is dropping guidance that covid positive patients should isolate for five days, ending...
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Mar 27, 2024
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steven bird researcher joins us now. very good to see you. thanks for joining s. just first of all maybe this is an ignorant question but why is ai using up so much power? we knew it was going to use up a lot of compute power. is it just a by-product or an added factor? >> that's exactly right. what's interesting is every new generation of gpu that nvidia comes out with is more energy efficient. there's a lot of attention on that. i respect that. it's that the absolute magnitude of demand is growing at an astronomical rate. we're seeing a lot of new chips. every new chip does use more electricity, it's just that every new chip has more compute capability. compute growth is astronomical. power to man growth very high about 100% a year for generative ai. even with hat improvement in efficiency. >> and as we stand, how close are we to putting too much pressure on the grid? are we close to capacity or not? >> we are close to capacity if not at capacity in several markets. we analyzed all the power markets and we're seeing major pressures in places like dublin, ireland
steven bird researcher joins us now. very good to see you. thanks for joining s. just first of all maybe this is an ignorant question but why is ai using up so much power? we knew it was going to use up a lot of compute power. is it just a by-product or an added factor? >> that's exactly right. what's interesting is every new generation of gpu that nvidia comes out with is more energy efficient. there's a lot of attention on that. i respect that. it's that the absolute magnitude of demand...
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Mar 15, 2024
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i'm pippa stevens. a georgia judge ruled this morning that fulton county district attorney fani willis can remain on donald trump's georgia election interference case with one condition, the special prosecutor who she was accused of having an inappropriate relationship with has to go. the judge also found there was no actual conflict brought about by willis relationship with nathan wade, a finding that would have required willis to be disqualified. >>> an aid ship carrying 100 tons of food reached the gaza coast today. the world's central kitchen aims to deliver the aid on a temporary jetty and the charity is loading a second ship with food and supplies in cyprus. >>> the national association of realtors agreed to settle a series of lawsuits paying $418 million in damages and eliminating its rule on commissions. that's according to the "new york times." the deal still needs a federal court's approval. it would put an end to legal claims from home sellers who argued the 6% sales commission forced them to
i'm pippa stevens. a georgia judge ruled this morning that fulton county district attorney fani willis can remain on donald trump's georgia election interference case with one condition, the special prosecutor who she was accused of having an inappropriate relationship with has to go. the judge also found there was no actual conflict brought about by willis relationship with nathan wade, a finding that would have required willis to be disqualified. >>> an aid ship carrying 100 tons of...
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pippa stevens here with that details. >> you may finally be breaking out of this range we've engine for so many must now, first time up $80 a september with math, saying that the 80 dollar level has been extremely important resistance. double t i have stayed above that level and is very bullish for crude energy stocks going forward. maybe today, some momentum with geopolitical risks still they're not totally priced into the price of the wta here, and also, all eyes right now are on the possible extension of those opec cuts and 2.2 million barrels per day that was a decision outside of the opec group entirely. so, each individual country is expected to pronounce an extension of those cuts in this coming week, likely into the second quarter. then, june, this is the next opec plus ministerial meeting, so, that's what we'll hear an update on what the protection plans are for the second half of the year. man quickly, plug power on another rollercoaster crying today as always, shares are in the green right now earlier tonight, they were down more than 10%. that company issued its ten k last n
pippa stevens here with that details. >> you may finally be breaking out of this range we've engine for so many must now, first time up $80 a september with math, saying that the 80 dollar level has been extremely important resistance. double t i have stayed above that level and is very bullish for crude energy stocks going forward. maybe today, some momentum with geopolitical risks still they're not totally priced into the price of the wta here, and also, all eyes right now are on the...
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Mar 7, 2024
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former treasury secretary steven mnuchin leading that investment telling "squawk on the street" this morning he reached out to nycb after the company's fateful 4 q earnings that triggered what's been a five week long spiral. mnuchin said the perceived risks around the loan book, noting whatever issues are still in there, they will be able to work through them over the next few years. >> we like the multifamily business, so there's a time to work through this. i will just say, look, probably the biggest problem in the portfolio is the new york office. there's about $3.5 billion of office. with we'll looked at $2.5 billion of the $3.5 billion and taken into account what we think needs to be done. i would say the office portfolio is the one that, you know, we will work out of the quickest. >> on the other side of the balance sheet nycb said in a presentation its deposits dipped about 7% in the month through tuesday to $77 billion. on an earlier conference call nycb executives said yesterday's headlines that nycb was seeking a capital raise that sent the stock plummeting. those headlines
former treasury secretary steven mnuchin leading that investment telling "squawk on the street" this morning he reached out to nycb after the company's fateful 4 q earnings that triggered what's been a five week long spiral. mnuchin said the perceived risks around the loan book, noting whatever issues are still in there, they will be able to work through them over the next few years. >> we like the multifamily business, so there's a time to work through this. i will just say,...
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Mar 27, 2024
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pippa stevens is standing by. >> one copeland vaccine makers boosting the stock. we have all the details coming up next. rylee! from rylee's realty! hi! this listing sounds incredible. let's check it out. says here it gets plenty of light. and this must be the ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the iphone 15 pro made with titanium. we mean it. amazing. all my agents want it. says here...“inviting pool”. come on over! too inviting. only at&t gives businesses our best deals on any iphone. get iphone 15 pro on us. (♪♪) meet ron. ron eats, sleeps and breathes hoops, but oh how he can nail a software solution. you need ron. ron needs a retirement plan. work with principal so we can help you with a plan that's right for him. let our expertise round out yours. >> 15 minutes to go before the bell rings, and look at the doubt. it's up now by more than 400 points. goldman sachs, one of the big performers today. home depot is an outperform her. caterpillar. a pretty widespread move here
pippa stevens is standing by. >> one copeland vaccine makers boosting the stock. we have all the details coming up next. rylee! from rylee's realty! hi! this listing sounds incredible. let's check it out. says here it gets plenty of light. and this must be the ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the iphone 15 pro made with titanium. we mean it. amazing. all my agents want it. says here...“inviting...
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Mar 15, 2024
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>> i've open if steven mnuchin wants to call me. i'd love to talk with him about it. look, we're in a very fortunate position our run with tiktok has been great. i don't want it banned but it could happen and if it does we're already planning accordingly. >> do you think it's a national security threat? probably thought about this maybe more than most americans? >> it starts to get outside the realm of what i do every day. i haven't seen evidence. not that i would, but i haven't seen testified is a national security threat. i think it is probably one of the biggest platforms for free speech i've ever seen happen. to me that is very important. probably -- the neem have been able to build careers and get their message out, i can hold up a phone right now and i have 10 million people that potentially could see what i have to say and it could -- so that is really important. >> what's the difference in your mind, between tiktok at platform versus instagram as platform, versus youtube shorts as a platform? how do you think about it? you said yourself, okay. i'm going divers
>> i've open if steven mnuchin wants to call me. i'd love to talk with him about it. look, we're in a very fortunate position our run with tiktok has been great. i don't want it banned but it could happen and if it does we're already planning accordingly. >> do you think it's a national security threat? probably thought about this maybe more than most americans? >> it starts to get outside the realm of what i do every day. i haven't seen evidence. not that i would, but i...
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Mar 7, 2024
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joining us in a cnbc exclusive is steven mnuchin, the former u.s. treasury secretary, founder of the lead investor behind the capital infusion, liberty strategic. great to have you this morning. you decided to put as much as i think it's 15% of the capital in your fund into nycb. and i guess i have to wonder why, when only a week ago, management identified material weaknesses in internal controls related to internal loan review, and analysts will still point out that the business model is still very much overweight some of the least desirable parts of the commercial real estate market. so why is this a good investment? >> well, first of all, great to be with all of you here today. this is a business i have known well for a long period of time. so we looked at a long time ago potentially merging one west with new york community so i have been following it. more recently when they did the signature bank deal, i followed it as well, which i think was a very attractive deal for the company and particularly bringing the two franchises together. so at the
joining us in a cnbc exclusive is steven mnuchin, the former u.s. treasury secretary, founder of the lead investor behind the capital infusion, liberty strategic. great to have you this morning. you decided to put as much as i think it's 15% of the capital in your fund into nycb. and i guess i have to wonder why, when only a week ago, management identified material weaknesses in internal controls related to internal loan review, and analysts will still point out that the business model is still...
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Mar 18, 2024
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some hundremonths with anomolous reports and why not keep things where we were and keep things even steven. what should the fed do and when should the fed do it? >> i think the fed wants to avoid a mistake. the fed doesn't want to cut rates too early and move the risk and have a resurgence of p inflation. maybe the last report, the ppi report you referenced, maybe that is some sign that we could have inflation resurging in so way. i think the position of the committee is as long as the economy seems to be tolerating this level of interest rates, i think we'll stand pat and make sure when we make the move that we have it right and make sure that inflation is going to be on a path to 2%. >> in december, we seem to have gotten indications from the fed there would be two-to-four rate cuts this year. do you think that stands? >> this heameeting is a meeting which they update the projections. as you point out, the range was two-to-four, so there are a variety of opinions on the committee. i suspect we will see on wednesday afternoon is something very similar to what we saw in december. however,
some hundremonths with anomolous reports and why not keep things where we were and keep things even steven. what should the fed do and when should the fed do it? >> i think the fed wants to avoid a mistake. the fed doesn't want to cut rates too early and move the risk and have a resurgence of p inflation. maybe the last report, the ppi report you referenced, maybe that is some sign that we could have inflation resurging in so way. i think the position of the committee is as long as the...
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Mar 28, 2024
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meanwhile, steven's parents have spoken to sidney about what happened to her dad. from my viewpoint, he gave his life for her. that's all for this edition of dateline. i'm craig melvin. thank you for watching. [music playing] ♪ >>> european stock markets are open for trade and we are coming up against a long weekend. we may see caution in the market what we have seen over the course of the trading week is the higher benchmark at .40% we are in record territory we are inching to fresh records of the day with the dax and another high yesterday as we begin the session today. the hand over in terms of the french market with the session yesterday as well. again, from the levels that we are now trying to inch further into peak territory is proving difficult to find that momentum. it has been a stronger back drop for the quarter. no doubt 10% up for the german stock market 14.5% for the italian names very strong run so far this year as we get ahead of the long weekend for easter in the context of what we have for the market, let's see where the green is falling basic re
meanwhile, steven's parents have spoken to sidney about what happened to her dad. from my viewpoint, he gave his life for her. that's all for this edition of dateline. i'm craig melvin. thank you for watching. [music playing] ♪ >>> european stock markets are open for trade and we are coming up against a long weekend. we may see caution in the market what we have seen over the course of the trading week is the higher benchmark at .40% we are in record territory we are inching to fresh...
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Mar 15, 2024
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. >>> beijing is not giving up without a fight after former treasury secretary steven mnuchin is looking to buy tiktok from bytedance. >>> a rare showing o
. >>> beijing is not giving up without a fight after former treasury secretary steven mnuchin is looking to buy tiktok from bytedance. >>> a rare showing o
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Mar 6, 2024
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elon musk is firing back our pippa stevens is here with that story o every to you. >> good morning, frank openai is hitting back at elon musk, releasing emails from as far back as 2015 to show that the tesla boss originally supported a plan to create a for-profit entity and raise a billion dollars by partnering with about a already established tech giant two decisions were shown it alleges there was a breach of an agreement with an agreement with microsoft members of openai including sam brockman and others indicated it was musk himself who spearheaded efforts to raise billions to attach to a cash cow like tesla all to keep up with who musk saw as the biggest leader in ai at the time, of course, google. in an email dated december 26th 20rks 18, musk told his fellow co-founders, my profound assessment of openai, a deepmind without a dramatic change in execution and resources is zero percent, not 1%. i wish it were otherwise even raising several hundred million won't be enough. this needs billions per year immediately or forget it the team saying they're sad. it's come to this, someone they
elon musk is firing back our pippa stevens is here with that story o every to you. >> good morning, frank openai is hitting back at elon musk, releasing emails from as far back as 2015 to show that the tesla boss originally supported a plan to create a for-profit entity and raise a billion dollars by partnering with about a already established tech giant two decisions were shown it alleges there was a breach of an agreement with an agreement with microsoft members of openai including sam...
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i'm pippa stevens with your cnbc news update. work continues off the gaza coast today on a jetty to receive humanitarian aid. in a video posted on x, world central kitchen founder jose andres said they hoped the dock would be ready to receive supplies, but recent bad weather delayed it. ngo open arms said this was the first ship to arrive and another ready to set sail from cyprus. >>> lyft and uber plan to shut down operations in minneapolis starting in may. the news of the stoppage came as the city's council pushed through a measure that requires a minimum wage of nearly $16 per hour for drivers. lyft and uber said prices would double if they stay, and thousands of people would be out of work if they leave. >>> three-time nfl defensive player of the year aaron donald will retire from the game. he shared the news today, after spending all ten years in the league with the los angeles rams, playing a mayor role in their defense in a super bowl victory in 2021. >> one of the great players. next stop, canton ohio, the hall of fame. t
i'm pippa stevens with your cnbc news update. work continues off the gaza coast today on a jetty to receive humanitarian aid. in a video posted on x, world central kitchen founder jose andres said they hoped the dock would be ready to receive supplies, but recent bad weather delayed it. ngo open arms said this was the first ship to arrive and another ready to set sail from cyprus. >>> lyft and uber plan to shut down operations in minneapolis starting in may. the news of the stoppage...
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Mar 4, 2024
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. >>> let's get the headlines now with pippa stevens. >> jack teixeira signed a plea deal for leaking hundreds of military classified documents in one of the most serious security breaches in year. he accepted a deal today that includes a suggested16 year prison sentence and a 59,000 fine on pleading guilty for all charges. french lawmakers gathered for a historic vote to make abortion a conse constitutional right today. today's joint session is expected to be largely a formality. no relief for the sierra, nevada, as forecasters are warning more snow is on the way. a system is bringing snow to the region that closed yosemite over the weekend. they have received as much as seven feet of ow.sn >> seven feet? >> yeah. >> unbelievable. thank you. thank you. >>> just ahead o [car trunk slammed shut] for 88 years, morgan stanley has offered clients determination and forward thinking to create the future... crowd: stop it! ...only you can see. american announcer: rose, back in the winner's circle. [crowd cheers] [music out] ♪ you were always so dedicated... ♪ we worked hard to build up t
. >>> let's get the headlines now with pippa stevens. >> jack teixeira signed a plea deal for leaking hundreds of military classified documents in one of the most serious security breaches in year. he accepted a deal today that includes a suggested16 year prison sentence and a 59,000 fine on pleading guilty for all charges. french lawmakers gathered for a historic vote to make abortion a conse constitutional right today. today's joint session is expected to be largely a...
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Mar 14, 2024
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. >> steven, there is scrambled eggs and scrambled eggs. >> powder scrambled eggs? >> if you have a buffet, they he c come out of an packet. you are looking at the uk market. there are other big name plays out there. everybody knows nvidia also this you have been living under a rock the past 12 months. there are other a.i. stories. super micro computer is another one. another a.i. story. foxconn and how it is weighing in on the a.i. story. there are other a.i. bits. because nvidia has had a huge run, is this worth looking at other stocks in the a.i. space rather than looking at the uk which is much slower? >> you are looking at bets. people are shoving a.i. into the conversation and hoping and getting a pop. good luck to them. you know, that concerns me. microstrategy, an extraordinary company with the 5.8% coupon. it is an idea he of who subscribed to those convertible bonds? i don't know. try to call tops and bottoms is a dangerous game. sure a.i. is happening and there is money to be made. >> does it go to the heart what have is a.i. and disruptive nvidia is and
. >> steven, there is scrambled eggs and scrambled eggs. >> powder scrambled eggs? >> if you have a buffet, they he c come out of an packet. you are looking at the uk market. there are other big name plays out there. everybody knows nvidia also this you have been living under a rock the past 12 months. there are other a.i. stories. super micro computer is another one. another a.i. story. foxconn and how it is weighing in on the a.i. story. there are other a.i. bits. because...
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Mar 25, 2024
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stevens dribbles up the court... he stops! ...for the championship! nice shot, marcus! sweet, turn simulation off. tssk, tssk, not so fast. what, why? did you forget marcus? forget what? your chem exam? uggh? flashcard time! the atomic weight of boron. the future isn't scary, not investing in it is. 100 innovative companies, one etf. before investing, carefully read and consider fund investment objectives, risks, charges expenses and more in prospectus at invesco.com. want more from your vitamins? get more with nature's bounty. from the first ever triple action sleep supplement, to daily digestive support, to more wellness solutions every day. get more with nature's bounty. encore energy, america's clean energy company, now in production in south texas. energizing america with reliable and affordable uranium for nuclear energy fuel from our environmentally friendly extraction process. encore energy. they're waiting for you. hey, do you have a second? they're all expecting more. more efficiency. more benefits. more growth. when you realize you can give your people everyt
stevens dribbles up the court... he stops! ...for the championship! nice shot, marcus! sweet, turn simulation off. tssk, tssk, not so fast. what, why? did you forget marcus? forget what? your chem exam? uggh? flashcard time! the atomic weight of boron. the future isn't scary, not investing in it is. 100 innovative companies, one etf. before investing, carefully read and consider fund investment objectives, risks, charges expenses and more in prospectus at invesco.com. want more from your...
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pippa stevens is here with what that means for investors. >> we have seen a record year of consolidation in what some are calling shell 4.0. the driver is the need for companies to secure inventory. they are looking for the best undrilled resources so they can grow, maintain, maybe grow the production looking forward amid concerns about peek shale. that has led to a lot of consolidation and by far the most important oil. and this shows how large the largest players have become. exxon and pioneer are the biggest driller followed by chevron, diamond back and endeavor, as well as crown rock. looking forward, more than 60% of the remaining drilling resources in the permian are are owned by just the six players. what that means is that ever core si has talked about the theme of winner takes all within the global upstream sector. average market cap has about doubled over the last decade for the s & p energy constituents while the number of companies in the sector has all but cut in half. that is an extreme concentration with exxon and chevron making up 43% of the overall market cap. we have to
pippa stevens is here with what that means for investors. >> we have seen a record year of consolidation in what some are calling shell 4.0. the driver is the need for companies to secure inventory. they are looking for the best undrilled resources so they can grow, maintain, maybe grow the production looking forward amid concerns about peek shale. that has led to a lot of consolidation and by far the most important oil. and this shows how large the largest players have become. exxon and...
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Mar 27, 2024
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. >> megan, stick around as we bring in our own pippa stevens to help react to this. >> i think the crux of the issue is the administration is trying to have as much renewable energy developed a quickly as possible while also jump starting a u.s. domestic supply chain. this is challenging because china is by far the leader here. they control more than 80% of the solar supply chain. by some estimates they've invested heavily to be the leader in solar and batteries. lithium retrain refining. solar cells manufactured in china are about 50% cheaper than those in europe and 65% cheaper than those in the u.s. so there's no question it's hard to compete. on the other hand the inflation reduction act is making a big stride there. we've seen announcements of factories. the reality is these things take time and right now china is the leader an they are sending a lot more product into the channel. >> so megan, how did this company come back from the ropes the company you're at? they got financing through the inflation reduction act. what makes them think now given the sort of dynamics of the market
. >> megan, stick around as we bring in our own pippa stevens to help react to this. >> i think the crux of the issue is the administration is trying to have as much renewable energy developed a quickly as possible while also jump starting a u.s. domestic supply chain. this is challenging because china is by far the leader here. they control more than 80% of the solar supply chain. by some estimates they've invested heavily to be the leader in solar and batteries. lithium retrain...
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Mar 7, 2024
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pippa stevens is here to explain the divergence. >> you wouldn't necessarily think that based on the mixed earnings reports you've seen as well as lots of talk around the impact of higher rates but in 2023 u.s. solar installations hit a record 234 gigawatts enough to power 9.5 million homes up 51% from 2022 as residential and commercial and utility scale posted record numbers during the first full year of the inflation reduction act, which co-author of the report said is, quote, super charging solar deployment. that said, some of 2023's growth was thanks to previously delayed projects coming online as well as a pull forward in california residential demand ahead of the key policy change and this year the industry is forecast to grow, but not at the same rate thanks to several uncertainties including, of course, the he election as well as interconnection delays, permitting challenges and higher interest rates. rates have hit the residential side hard which we started to see last year and that does line up with commentary we heard during earnings which is that rezi is more challenged t
pippa stevens is here to explain the divergence. >> you wouldn't necessarily think that based on the mixed earnings reports you've seen as well as lots of talk around the impact of higher rates but in 2023 u.s. solar installations hit a record 234 gigawatts enough to power 9.5 million homes up 51% from 2022 as residential and commercial and utility scale posted record numbers during the first full year of the inflation reduction act, which co-author of the report said is, quote, super...
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Mar 22, 2024
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. ♪ ♪ >>> welcome back topa stevens. republican representative margery taylor green filed a motion to remove mike johnson as house speaker. she said the motion was more of a warning than a pink slip. it comes as the house passed a spending bill this morning to avoid a government shutdown. >>> secretary of state antony blinken made with israeli prime minister benjamin netanyahu in israel today, where we discussed options for israel's ground operation in rafah and reiterated the urgent need for aid in gaza. he departed israel, he said it would jeopardize the country's standing and long-term security. it was the last stop of his sixth trip to the region since the start of the war between israel and hamas. >>> after yesterday's surprise defeat of number three kentucky and several other high-seeded teams in march madness, less than 1% of all brackets are still alive. but if you're an atlanta fall con, his entry was only one of a few left with the chance of a perfect bracket. >> i did pretty well yesterday. a couple are in the
. ♪ ♪ >>> welcome back topa stevens. republican representative margery taylor green filed a motion to remove mike johnson as house speaker. she said the motion was more of a warning than a pink slip. it comes as the house passed a spending bill this morning to avoid a government shutdown. >>> secretary of state antony blinken made with israeli prime minister benjamin netanyahu in israel today, where we discussed options for israel's ground operation in rafah and reiterated...
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Mar 20, 2024
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visit indeed.com/hire stevens dribbles up the court... he stops! ...for the championship! nice shot, marcus! sweet, turn simulation off. tssk, tssk, not so fast. what, why? did you forget marcus? forget what? your chem exam? uggh? flashcard time! the atomic weight of boron. the future isn't scary, not investing in it is. 100 innovative companies, one etf. before investing, carefully read and consider fund investment objectives, risks, charges expenses and more in prospectus at invesco.com. >>> welcome back to "the halftime report." taking a look at astera labs. its ipo began trading today. you can see trading at about 53.50 right now, up over 17%. a company that does intelligent connectivity for cloud and a.i. seen as a test of just how bad -- excuse me, the percent change. up about 49, 50% right now. i smisspoke earlier. just how bad investors want to get in on this up justn't >>> now to three key names in joe's portfolio. let's start with accenture, what is your outlook? >> first of all, this company, i think, it surprised a lot of people in terms of its size. this is a
visit indeed.com/hire stevens dribbles up the court... he stops! ...for the championship! nice shot, marcus! sweet, turn simulation off. tssk, tssk, not so fast. what, why? did you forget marcus? forget what? your chem exam? uggh? flashcard time! the atomic weight of boron. the future isn't scary, not investing in it is. 100 innovative companies, one etf. before investing, carefully read and consider fund investment objectives, risks, charges expenses and more in prospectus at invesco.com....
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Mar 18, 2024
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that's after its ceo steven sher announced he would step down and gill west, a former delta air lines exec will be the next at hertz and sher took over as the company tried and failed to transition to electric vehicles and was forced to sell thousands of its evs last year due to lack of demand, mike. >> all right, steve, thanks very much. >>> still ahead, a big tech double play. meta and netflix shares on the rise. what is giving those stocks a boost and what it might mean for the megacaps in the long term. "closing bell" will be right back. ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly. >>> welcome back. nvidia's massive run-up might have some investors feeling some fomo. if you missed out on the nvidia bonanza, cnbc pros are laying out other invest
that's after its ceo steven sher announced he would step down and gill west, a former delta air lines exec will be the next at hertz and sher took over as the company tried and failed to transition to electric vehicles and was forced to sell thousands of its evs last year due to lack of demand, mike. >> all right, steve, thanks very much. >>> still ahead, a big tech double play. meta and netflix shares on the rise. what is giving those stocks a boost and what it might mean for...
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Mar 18, 2024
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pippa stevens is in houston for us. >> hey, it's a fitting time to be here because oil prices are the higher's level since november. they are now in the sweet spot range between 80 and $85 level where companies are still making a whole lot of money. not too much money to draw the ire of washington and they are also not high enough yet to kill demand. so, this latest leg is thanks to ukraine stepping up its attacks on russian infrastructure which led morgan stanley to raise its q3 target to $90 today. that's on the supply side. on the demand side we heard from exxon ceo darren woods who said demand is very, very healthy. despite some challenges on the global macroeconomic front, in other words saying, we are not at this oil peak demand that people have been talking about for a very long time. that speaks to one of the key themes at the conference which is a multidimensional energy transition. for a long time oil and gas companies were left out of the conversation but now they are saying, hey, you need us. we have the balance sheet. we have the spending and the know-how to meaningfully
pippa stevens is in houston for us. >> hey, it's a fitting time to be here because oil prices are the higher's level since november. they are now in the sweet spot range between 80 and $85 level where companies are still making a whole lot of money. not too much money to draw the ire of washington and they are also not high enough yet to kill demand. so, this latest leg is thanks to ukraine stepping up its attacks on russian infrastructure which led morgan stanley to raise its q3 target...
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Mar 25, 2024
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. >> bess freeman there from brown harris stevens. the session low is pretty much down 160 on the dow, 0.4. s&p, less than that. the nasdaq down just a few basis points, essentially flatlining. so far today, up about 10% or so. that does it for "the exchange." thank you so much for watching. power lunch starts on the other side of the short break. ♪ ♪ meet ron. ron eats, sleeps and breathes hoops. and there's not a no look pass, double double, or buzzer beater he won't wax poetic on. ad nauseam. but oh how he can nail a software solution like the best high screen pick and roll you've ever seen. you need ron. ron needs a retirement plan. work with principal so we can help you help ron with a retirement and benefits plan that's right for him. let our expertise round out yours. rylee! from rylee's realty! hi! this listing sounds incredible. let's check it out. says here it gets plenty of light. and this must be the ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the
. >> bess freeman there from brown harris stevens. the session low is pretty much down 160 on the dow, 0.4. s&p, less than that. the nasdaq down just a few basis points, essentially flatlining. so far today, up about 10% or so. that does it for "the exchange." thank you so much for watching. power lunch starts on the other side of the short break. ♪ ♪ meet ron. ron eats, sleeps and breathes hoops. and there's not a no look pass, double double, or buzzer beater he won't...
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Mar 22, 2024
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. >>> pippa stevens was at the conference and she's back to recap it. >> this is the most important energy conference during the year. it unites all the key stakeholders, and no surprise here, but ai was top of mind in basically every single panel, every single conversation specifically around the power demand it's going to take. now remember low growth or the, you know, the growth in demand on the grid has been essentially flat for years and years, and so these utilities plan very far in the future and not only do we have electrify occasion of everything, evs, and heat pumps, but now all of a sudden, almost out of left field, we have a huge surge in the need from data centers. that means the conversation is increasingly becoming an all of the above energy approach and kind of this understanding that we're not going to be able to get there with renewables alone, particularly for a data center. you need 24/7 baseline power. your only green option for that is nuclear. of course, we have batteries and renewables right now, but that won't get you the entire way. >> i was going to ask you. does
. >>> pippa stevens was at the conference and she's back to recap it. >> this is the most important energy conference during the year. it unites all the key stakeholders, and no surprise here, but ai was top of mind in basically every single panel, every single conversation specifically around the power demand it's going to take. now remember low growth or the, you know, the growth in demand on the grid has been essentially flat for years and years, and so these utilities plan...
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Mar 12, 2024
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pippa stevens here with more. tell us which one it is. >> we're talking about the refiners. big three are marathon, phillips 66. all three hit another set of record highs today. all three of them not 52-week highs but all-time highs. so part of that is thanks to a dip in utilization rates. it's normal for utilization to drop during the winter. but we have a chart here when you can see that yellow line is 2024. so it is lower than in recent memory and at one point it had dropped below -- set a new five-year low. part is thanks to the outage of the bp whiting refinery in indiana as well as colder temperatures along the gulf coast. remember, they are about 50% of our refining capacity. they don't weatherize their units because they're not used to cold temperatures. some are running in excess of 700 degrees. so when it's cold outside, you have to pair back your operations. so that, of course, is pushing up prices at the pump as we're all aware. the national average is 3.39 that's up 28 cents this year. now we're heading into the summer driving season. so one thing to watch there
pippa stevens here with more. tell us which one it is. >> we're talking about the refiners. big three are marathon, phillips 66. all three hit another set of record highs today. all three of them not 52-week highs but all-time highs. so part of that is thanks to a dip in utilization rates. it's normal for utilization to drop during the winter. but we have a chart here when you can see that yellow line is 2024. so it is lower than in recent memory and at one point it had dropped below --...
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Mar 25, 2024
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. ♪ stevens dribbles up the court... he stops! ...for the championship! nice shot, marcus! sweet, turn simulation off. tssk, tssk, not so fast. what, why? did you forget marcus? forget what? your chem exam? uggh? flashcard time! the atomic weight of boron. the future isn't scary, not investing in it is. 100 innovative companies, one etf. before investing, carefully read and consider fund investment objectives, risks, charges expenses and more in prospectus at invesco.com. ♪♪ something amazing is happening here. the next era of ai has arrived. cdw data engineers are helping organizations harness the power of ai with intel core ultra processors. the power to run workloads faster means greater performance. giving your team a better shot at success. make amazing happen. cdw. ♪♪ >>> welcome back to "fast money," as obesity drugs soar in popularity, companies are had shedding pounds, and among the players putting their hats in the ring is biohaven the drug showed significant, with phase two trial projected to begin in the second quarter of this year for more we are joined
. ♪ stevens dribbles up the court... he stops! ...for the championship! nice shot, marcus! sweet, turn simulation off. tssk, tssk, not so fast. what, why? did you forget marcus? forget what? your chem exam? uggh? flashcard time! the atomic weight of boron. the future isn't scary, not investing in it is. 100 innovative companies, one etf. before investing, carefully read and consider fund investment objectives, risks, charges expenses and more in prospectus at invesco.com. ♪♪ something...
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Mar 15, 2024
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. >>> over to the headlines with pippa stevens. >>> if iran sells ballistic muscles to russia for the war in ukraine, the response from the international community will be swift and severe. that from a senior administration official to nbc news today as the g-7 countries issue a warning to tehran. the new sanctions will be imposed if it happens. one of them being considered, banning iran air from flying to europe. the official does say the administration has not yet seen confirmation of any missiles on the move. 80,000 muslim worshippers attended the first friday prayers of the holy month of ramadan as the war's shadow loomed over. police stepped up surveillance in the old city heading into the mosque, one of the holiest sites in islam. >>> and alec baldwin has asked a new mexico judge to dismiss charges of involuntary manslaughter in the "rust" movie shooting. the motion alleges prosecutorial misconduct. his trial over the death of cinematographer halyna hutchins is scheduled for july in santa fe. courtney, back to you. >> pippa, thank you very much. >>> up next, our "call of the day
. >>> over to the headlines with pippa stevens. >>> if iran sells ballistic muscles to russia for the war in ukraine, the response from the international community will be swift and severe. that from a senior administration official to nbc news today as the g-7 countries issue a warning to tehran. the new sanctions will be imposed if it happens. one of them being considered, banning iran air from flying to europe. the official does say the administration has not yet seen...
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Mar 21, 2024
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stevens dribbles up the court... he stops! ...for the championship! nice shot, marcus! sweet, turn simulation off. tssk, tssk, not so fast. what, why? did you forget marcus? forget what? your chem exam? uggh? flashcard time! the atomic weight of boron. the future isn't scary, not investing in it is. 100 innovative companies, one etf. before investing, carefully read and consider fund investment objectives, risks, charges expenses and more in prospectus at invesco.com. wall street forecasts over 100 billion in sales for anti-obesity drugs known as glp -1. but these treatments are largely administrated through cumbersome injections. enter lexaria bioscience with their patented oral delivery technology. early studies were glp-1 suggest reduced side effects and better blood sugar control with reduced spikes. lexaria bioscience. transforming the future of glp-1 drug delivery. to build the electric vehicle of the future, you need partners. mining partners. technology partners. education. supply chain. energy. what if one partner could do it all? that partner is ontario, canad
stevens dribbles up the court... he stops! ...for the championship! nice shot, marcus! sweet, turn simulation off. tssk, tssk, not so fast. what, why? did you forget marcus? forget what? your chem exam? uggh? flashcard time! the atomic weight of boron. the future isn't scary, not investing in it is. 100 innovative companies, one etf. before investing, carefully read and consider fund investment objectives, risks, charges expenses and more in prospectus at invesco.com. wall street forecasts over...
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Mar 14, 2024
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pippa stevens has more. >> we're talking about the refiners. hitting record highs today, outperforming the broader energy complex. fuel demand has remained study, while refinery utilization has pulled back, which has lifted product prices and therefore refiners margins. ahead of the spring and summer driving season, gasoline futures are already up nearly 30% this year. the widely followed 3-2-1 crack spread has come down sharply, but it's still over $20, which, again, was called phenomenal, noting they were in the single di digits and sometimes even negative. ukraine has targeted russian refineries in recent days, and morgan stanley pointed to an extended upcycle for the current players. >> pippa, thank you. >> great work. >> does her work. >> listen, i remember when paul came on this show -- >> yeah. >> i think it was early 2022, early, and he mention ed marathon. $65 stock. and i started looking at it. and it made sense what he said. look at it now. all-time high. phillips 66 we've known about. all-time high. valero, absolutely the sweet spot
pippa stevens has more. >> we're talking about the refiners. hitting record highs today, outperforming the broader energy complex. fuel demand has remained study, while refinery utilization has pulled back, which has lifted product prices and therefore refiners margins. ahead of the spring and summer driving season, gasoline futures are already up nearly 30% this year. the widely followed 3-2-1 crack spread has come down sharply, but it's still over $20, which, again, was called...
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Mar 5, 2024
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pippa stevens joins us here with more. pippa, i learn things from you. >> this comes down from the nuclear renaissance we are seeing pushed up spot prices of yur yum, causing miners to restart plants that had been idled. prices collapsed in 2011 after the fukushima disaster meaning only the lowest krost uranium in australia and canada could still be profitably mined. now they are betting that prices will stay elevated. they are restarting in wyoming, texas and utah. total volumes will still be well below the hay day when the u.s. produced more than 44 million pounds. meaning the u.s. will still be dependent on foreign suppliers. now, canada and kazakhstan each supply one quarter of u.s. uranium followed by russia nuclear power is 20% of the u.s. grid. even though russian uranium hasn't been sanctioned due to their outsized role in the industry, utilities are scrambling to secure other and more reliable sources. the ura and urnn both pulled back recently, but those two funds tracked the space and gained a lot of attention r
pippa stevens joins us here with more. pippa, i learn things from you. >> this comes down from the nuclear renaissance we are seeing pushed up spot prices of yur yum, causing miners to restart plants that had been idled. prices collapsed in 2011 after the fukushima disaster meaning only the lowest krost uranium in australia and canada could still be profitably mined. now they are betting that prices will stay elevated. they are restarting in wyoming, texas and utah. total volumes will...
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Mar 26, 2024
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pippa stevens is here with more. tell us about it >> everyone is always blaming the weather for all of their problems but this time it really is about the weather. specifically climate change. cocoa production is very concentrated in west africa, with 3/4 of world output changing weathers patterns are causing diseases and impacting the soil leading to another poor harvest. the international folko organization forecasts an 11% year over year drop in production for a third straight year of shortfalls the result is cocoa surging above $10,000 per metric ton for the first time ever. earlier today more than doubling this year and tripling over the last year as these supply issues weigh. now, this is a very small market and is not widely traded, meaning it is vulnerable to price swings driven by financial players and speculators. and some of the largest chocolate companies like hershey and mondelez typically have hedging strategies in place to manage these swings, but higher costs will likely be passed along to consumers a
pippa stevens is here with more. tell us about it >> everyone is always blaming the weather for all of their problems but this time it really is about the weather. specifically climate change. cocoa production is very concentrated in west africa, with 3/4 of world output changing weathers patterns are causing diseases and impacting the soil leading to another poor harvest. the international folko organization forecasts an 11% year over year drop in production for a third straight year of...
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Mar 6, 2024
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the liberty strategic capital -- that is the firm managed by the former treasury secretary steven mnuchin, as well as hudson bay capital, reverence capital partners, and citadel, hedge fund, not the security firm, as well as some other institutional investors -- are making a combined $1 billion investment in this company, subject to finalized regulatory approvals here. according to the terms of this agreement, nycb will be issuing an aggregate common stock at a price of two dollars per share. they are also giving investors 60% more in coverage to purchase nonvoting stock with an exercise price of $2.50 a share. so, those are the terms of the deal. again, subject to regulatory approval, and then there is a change in the c suite. you have joseph vaughn, who was formerly with the occ, former comptroller of the occ, sorry about that. he is taking the c suite row and becoming ceo. sandra demello, who was just named ceo a week or so ago, is going back to nonexecutive chairman, a role that he held for just a short while following that moody's downgrade, and before he became ceo last week, and th
the liberty strategic capital -- that is the firm managed by the former treasury secretary steven mnuchin, as well as hudson bay capital, reverence capital partners, and citadel, hedge fund, not the security firm, as well as some other institutional investors -- are making a combined $1 billion investment in this company, subject to finalized regulatory approvals here. according to the terms of this agreement, nycb will be issuing an aggregate common stock at a price of two dollars per share....
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Mar 26, 2024
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let's go to hippa stevens for a look at the biggest names moving into the close. >> shares of trumpet media and technology group, the company behind donald trump's truth social platform surging today and the debut on the nasdaq. the stock which is trading under the ticker g dt. the former president own 50% of the company. on a roller coaster ride for shares of the international paper hitting a 52 week high before turning negative after ds smith talked about talks of being taken over by international paper. the move could start a bidding war after an offer was submitted earlier this month. that stock now in the red today. >> thank you very much. we are just getting started here. coming up, what is next for this record rally? our top technician jason hunter is back with us and why he says he is suspicious of the momentum and the sectors that he thinks will see serious strength the head. that is right after the break. we are live from the new york stock exchange. you are watching closing bell on cnbc. ♪♪ ♪♪ were you worried the wedding would be too much? nahhhh... (inner monologu
let's go to hippa stevens for a look at the biggest names moving into the close. >> shares of trumpet media and technology group, the company behind donald trump's truth social platform surging today and the debut on the nasdaq. the stock which is trading under the ticker g dt. the former president own 50% of the company. on a roller coaster ride for shares of the international paper hitting a 52 week high before turning negative after ds smith talked about talks of being taken over by...
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Mar 22, 2024
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pippa stevens has more. >>> a filing today, to trade under the ticker for ibotta, ibta. it is a firm backed by walmart. back in november, there were reports it was valued at as much as $2 billion. goldman, citi and bank of america are handling the ipo. mike? >> all right. i guess the window is open, pippa, thank you. >>> the dow pulling back from the record high. still heading for its best week of the year though. the major averages all on track for healthy gains there week. following wednesday's fomc meeting. chair powell reassuring investors that rate cuts are likely on the way. joining me now to discuss is robert kaplan, former dallas fed president. he is also former vice chair at goldman sachs. robert, great to see you. it's interesting the market had a net positive reaction, considering that the statement and message were almost identical to what we saw last time, right? so in other words, not much change in the fed's stance. it feels as if policy makers are wanting to make use of the luxury of time to maybe allow inflation to get a little bit better. but what did y
pippa stevens has more. >>> a filing today, to trade under the ticker for ibotta, ibta. it is a firm backed by walmart. back in november, there were reports it was valued at as much as $2 billion. goldman, citi and bank of america are handling the ipo. mike? >> all right. i guess the window is open, pippa, thank you. >>> the dow pulling back from the record high. still heading for its best week of the year though. the major averages all on track for healthy gains there...