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so moving manufacturing to mexico, or in canada, and today we can cover all of mexico and canada. and one of the service centers we bought is in arizona across the border from mexico. we have customers lined up where they're moving some of that freight from mexico to the u.s. and for mexico specifically, today we have seven border crossing locations in areas like el paso or southern california where we can support our customer's needs. >> not only are u.s. companies looking to mexico to move operations and manufacturing, chinese companies are, as well. a lot of news this week with secretary yellen in china. she said that these chinese companies can sell their evs here in the u.s. have you heard more from chinese companies looking to near shore closer to the u.s. market? >> predominantly our customers are north american customers. we service more than 30,000 companies across north america. we haven't heard a lot of chinese manufacturing moving over to the u.s., but what we have heard more of is existing customers that are u.s.-based companies. >> all right. mario, shares up 300% ov
so moving manufacturing to mexico, or in canada, and today we can cover all of mexico and canada. and one of the service centers we bought is in arizona across the border from mexico. we have customers lined up where they're moving some of that freight from mexico to the u.s. and for mexico specifically, today we have seven border crossing locations in areas like el paso or southern california where we can support our customer's needs. >> not only are u.s. companies looking to mexico to...
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Apr 17, 2024
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through mexico. he will lay out his actions in a speed this afternoon. right now looking at steel prices, they're moving up just about 1%. >>> turning our attention back over to wall street, fed chairman jay powell's first comments. powell's word of the day, it appears to be "confidence." >> we have said that we'll need greater confidence. inflation has to move closer to 2%. it has not given us greater confidence and instead it's taking slightly longer than expected to achieve that confidence. >> and joning me now is ivory johnson, founder of wealth management and a member of the cnbc advisory council. good morning. i'm going to jump right into it. surprising that the futures are moving higher despite the comments from jay powell. >> i think the markets are adjusting due to fact we have higher for longer. it's going to take a while to wreck news the punch bowl has been taken away. don't forget that when cpi came in lower in november, we noticed the rate cut expectations went through the roof. we thought we were going to get seven rate cuts this year, thr
through mexico. he will lay out his actions in a speed this afternoon. right now looking at steel prices, they're moving up just about 1%. >>> turning our attention back over to wall street, fed chairman jay powell's first comments. powell's word of the day, it appears to be "confidence." >> we have said that we'll need greater confidence. inflation has to move closer to 2%. it has not given us greater confidence and instead it's taking slightly longer than expected to...
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. >> big election in mexico. we're not spending any time in mexico, which is ridiculous. >> why do you say that? >> they're a fabulous trading partner. you can't even buy anything that makes any money for you. you can buy the peso, which i think is very strong, but ultimately, that's our biggest trading partner, and i don't know why biden doesn't spend more time trying to figure out how to fix the border, because we have a president there who's have pro-capitalism, and the new president will most likely be pro capitalism. that's where we should be spending more time, india and mexico. the sunset interview with yellen was meaningful. the thing that the chinese are exporting more than anything else i know is cyber terrorism. last i looked, that doesn't really have a good multiple. >> no, it doesn't, and it is a huge issue, one that we can't really talk about enough in some ways, but we don't because it's become so commonplace. it was many years ago when i did my doc on chinese cyber espionage. >> you didn't bring y
. >> big election in mexico. we're not spending any time in mexico, which is ridiculous. >> why do you say that? >> they're a fabulous trading partner. you can't even buy anything that makes any money for you. you can buy the peso, which i think is very strong, but ultimately, that's our biggest trading partner, and i don't know why biden doesn't spend more time trying to figure out how to fix the border, because we have a president there who's have pro-capitalism, and the new...
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Apr 9, 2024
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performance of the last year finally had their day in the sun a 66 were men with dementia is missing in mexico. a set of those incidents are, those are the kind of headlines, i think people want to ring the register the all-time fave down 18 points until i read the claims that until made about the processors, two back in 2022 which also slides him as a poor man's intel intel would own the market their trip was so much better it's 153. it's entirely possible what made me want to stick with them back then, simple. it's a platform, it's the leadership. and the real game, it might not cut it at all. on the other hand, fully loaded will have developers already in the customers and the services nothing short of unbelievable and intel does not, it will be slightly used. i would rather buy than sell it here. the stock would get crushed with a lot of selling. i think we will see today's lows again. they may have also suffered from a google trip too he said he welcomed development. that includes google. are not shaken or stirred, but i understand. is the owner, don't trade it here's a solar company. jus
performance of the last year finally had their day in the sun a 66 were men with dementia is missing in mexico. a set of those incidents are, those are the kind of headlines, i think people want to ring the register the all-time fave down 18 points until i read the claims that until made about the processors, two back in 2022 which also slides him as a poor man's intel intel would own the market their trip was so much better it's 153. it's entirely possible what made me want to stick with them...
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Apr 17, 2024
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launching an investigation into his tiny subsidies into its shipbuilding industry, and its funding to mexico to cut down efforts to evade tariffs already in place, the biden administration says this will not drive up prices for businesses or consumers arguing would be more harmful to allow china to keep over using -- overproducing. >> we want to get ahead of the curve, take action we will not think as much inflationary impact given the magnitude, we are putting at risk one of the most critical sectors. his policies are less inflationary. at the same time, trump has replaced all tariffs on china. they have some new analysis showing biden has now connected far more revenue than trump ever did, economists agree those tariffs are attacks on consumers no matter who imposes them. guys? >> how likely, a tripling of tariffs and how likely is that he will be able to do that? >> slightly more than a tripling, the average tariff is about 7 1/2%. they want to pull that up to 25%, it appears likely they can. biden's trade office has been reviewing trumps tariffs, they will follow biden's direction, more
launching an investigation into his tiny subsidies into its shipbuilding industry, and its funding to mexico to cut down efforts to evade tariffs already in place, the biden administration says this will not drive up prices for businesses or consumers arguing would be more harmful to allow china to keep over using -- overproducing. >> we want to get ahead of the curve, take action we will not think as much inflationary impact given the magnitude, we are putting at risk one of the most...
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Apr 15, 2024
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production under performing and mexico and guyana with the supply side. opec will add at $90 per barrel. >> i have seen speculation if we see oil prices hitting the $100 barrel mark. this could have implications for inflation and mondayetary polic. what does this mean wecould see it escalating? >> we always tend to under-shoot and over-shoot. opec is doing a good job of keeping it tight. especially when you don't have a lot of inventory. that is what i want to asstress. we are low on stock. if that happens, with geopolitical tension like this, it will never be perfect. we don't know what the summer of energy prices could look like. >> what levels are you looking at by the end of the year assuming we get two cuts from the fed? >> we think the outlook is starting to look better especially in the second half of the year. our price call was $90 a barrel. we thought we would trade well into the th90s in q3. solid prices. if the geo politics gets out of hand, we will raise our price. >> i want to come full circle the. iaea is citing security concerns. why is th
production under performing and mexico and guyana with the supply side. opec will add at $90 per barrel. >> i have seen speculation if we see oil prices hitting the $100 barrel mark. this could have implications for inflation and mondayetary polic. what does this mean wecould see it escalating? >> we always tend to under-shoot and over-shoot. opec is doing a good job of keeping it tight. especially when you don't have a lot of inventory. that is what i want to asstress. we are low...
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Apr 12, 2024
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i cannot tell you how much commentators scare the bejesus out of us because they say it's from mexico, places. ask yourself do, any of these woes impact the stocks of the american companies in your port foal wroe? do they really make you want to pay dramatically less for individual u.s. stock? usually the answer is no. unfortunately, you can't start buying stocks hand over fist and do an overseas-driven sell-off. you should always assume there are people who don't understand how unimportant these are in the grand scheme of things, and of course, those people are going to panic. you would have thought they would have known better, that's why these international declines often last for three days. again, the best way to figure out if they're done is to watch the clock as the sellers usually need to be margined out against their will if there's going to be a bottom. another kind of sell-off, the ipo-related decline. stock marks are markets first and foremost, and markets are controlled by supply and demand. so if the bankers start rolling out lots of new ipos and these companies sell sma
i cannot tell you how much commentators scare the bejesus out of us because they say it's from mexico, places. ask yourself do, any of these woes impact the stocks of the american companies in your port foal wroe? do they really make you want to pay dramatically less for individual u.s. stock? usually the answer is no. unfortunately, you can't start buying stocks hand over fist and do an overseas-driven sell-off. you should always assume there are people who don't understand how unimportant...
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Apr 11, 2024
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we need to get rid of the mexico loo loophole. as i said, between now and the tariffs, there is a lot of time and opportunity especially in europe for chinese cars to be exported out. we don't have chinese evs on the streets as of yet. >> sure. you know, one final point is the travel burst. is there any sign of anything sustained there in terms of chinese consumers wanting to get out and around? >> retailing did well. they are spending money on restaurants and food and clothing. i think until the time you get some kind of stabilization in the property market, overall consumer sentiment is not that strong. >> savings rate is high in response. shezad, thank you. >>> andrew. >> mike, when we come back, a lot more here in seattle. we will take a closer look at amazon's push into artificial intelligence. we will hear from one of the executives that is spearheading the unit. you don't want to miss this. all that coming ahead of our big exclusive interview later in the broadcast with andy jassy, the ceo of amazon. that's coming up at 8:3
we need to get rid of the mexico loo loophole. as i said, between now and the tariffs, there is a lot of time and opportunity especially in europe for chinese cars to be exported out. we don't have chinese evs on the streets as of yet. >> sure. you know, one final point is the travel burst. is there any sign of anything sustained there in terms of chinese consumers wanting to get out and around? >> retailing did well. they are spending money on restaurants and food and clothing. i...
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Apr 17, 2024
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even through mexico. >> they just don't account for much of anything in terms of steel. >> they gave up. >> being consumed in this country. >> they gave up. >> so, it -- yeah, to your point, it's more for show. i would note, as well, that as part of today's announcements, there was another mention made of u.s. steel, which, of course, as you well know, i follow it closely in terms of nippon steel's $55 a share deal to acquire the company, but here's the press release. here's what they're saying. "iconic american steel company, vital for it to remain an american steel company that is domestically owned and operated." that would continue to seem to say, nippon, you're not going to be able to own this. >> there was a time -- >> now, cfius is the only way, potentially, through which they can really effectuate that occurrence, because there wouldn't appear to be any other -- obviously, japan is our significant ally. nippon has agreed to invest in the assets here in the u.s., but has run afoul, so far, of the unions. >> well, not since roth do we think that u.s. steel is a big company. >>
even through mexico. >> they just don't account for much of anything in terms of steel. >> they gave up. >> being consumed in this country. >> they gave up. >> so, it -- yeah, to your point, it's more for show. i would note, as well, that as part of today's announcements, there was another mention made of u.s. steel, which, of course, as you well know, i follow it closely in terms of nippon steel's $55 a share deal to acquire the company, but here's the press...
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constellation which i wish, i'm going to push for them, it's modelo, corona and pacificco, lowest end beer in mexico but you can charge the most for it. >> they like the long neck. >> it's done. now it's -- >> how about you get out of the messcal business. >> my wife owns. i do not. if you want to take on my wife, forget about it. almost slipped there. >> coming up -- see you later, by the way. coming up we'll have more from carl in across ahead of tonight's cities in success premier. an exclusive with imf director what she sees as a challenging global environment. keep it here. ♪ upbeat music ♪ upbeat music your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire [busy hospital background sounds] this healthcare network uses crowdstrike to defend against cyber attacks and protect patient information. but what if they didn't? [ominous background sounds] this is what it feels like when cyber criminals breach your network. don't risk
constellation which i wish, i'm going to push for them, it's modelo, corona and pacificco, lowest end beer in mexico but you can charge the most for it. >> they like the long neck. >> it's done. now it's -- >> how about you get out of the messcal business. >> my wife owns. i do not. if you want to take on my wife, forget about it. almost slipped there. >> coming up -- see you later, by the way. coming up we'll have more from carl in across ahead of tonight's cities...