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we get into the tiktok politics with a trump insider right after this. you do not want to go anywhere. ok currently has 2 million tikt followers. "squawk box" coming right back after this. >>> welcome back to "squawk box." the futures are picking up a little bit this morning. dow futures now indicated up close to 70 points. nasdaq futures up by 75. and you have the s&p up by about 15. >> okay, with the senate back in session, republican leader mitch mcconnell is calling for action on tiktok. >> today, 170 million americans are active users of a social media platform that the people's republic of china treats as a tool of surveillance and of propaganda. this is the matter that deserves congress' urgent attention. >> joining us right now is john mckenzie. he's the former director of the white house presidential personnel office, during the trump administration. he's a senior fellow at the heritage foundation, and the cofounder of a dating app for conservatives that has more than 2 million followers on tiktok. so, who better to talk to this and about so man
we get into the tiktok politics with a trump insider right after this. you do not want to go anywhere. ok currently has 2 million tikt followers. "squawk box" coming right back after this. >>> welcome back to "squawk box." the futures are picking up a little bit this morning. dow futures now indicated up close to 70 points. nasdaq futures up by 75. and you have the s&p up by about 15. >> okay, with the senate back in session, republican leader mitch...
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it's unclear if it's tied to any potential regulatory scrutiny on the biden administration or a trump administration down the road >> time will tell on that. is the notion that the big rainmakers, like jeff katzenberg, would be involved in trying to recruit a donor like mr. ellison, does that suggest that katzenberg and other rainmakers in the biden catch will be doing the same with other donors who might be on the fence or who might be di disenchanted, former trump backers? >> we have done reporting on this about how katzenberg and people in that orbit have been actively working to bring over people who used to support nikki haley. she was in the primary taking on donald trump so they've been working the phones on this for i would say over a month it's panned out for them in some ways, but there's still time to see how many of these people come over and give to biden or even endorse him, because that puts them in a political bind, if these are folks that lean towards the republican side of >>> j powell's comment about inflation yesterday further dampening the rate cut expectations th
it's unclear if it's tied to any potential regulatory scrutiny on the biden administration or a trump administration down the road >> time will tell on that. is the notion that the big rainmakers, like jeff katzenberg, would be involved in trying to recruit a donor like mr. ellison, does that suggest that katzenberg and other rainmakers in the biden catch will be doing the same with other donors who might be on the fence or who might be di disenchanted, former trump backers? >> we...
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shares of trump media are looking down as well. plummeting yesterday as the company filed for additional stock itchssuance on the same d the hush money trial began. the stock is down 40% since it started to trade. we are trying to make sense of it. we will continue right now. liz hoffman is here from semafor. congratulations ahead of your conference in washington, d.c. >> thank you. >> when you saw the filing, what is the filing trying to say? >> i don't know. i read it a couple of times. it is actually not issuing stock, but issuing warrants baked into the pie. this is a company that is volatile and not that good at explaining anything and heavily owned by retail investors who don't know who is going on. that is how you end up with a move like that. >> the big question is when do we think that this board, if the board is going to decide to allow the former president or others, to sell shares before the six-month window, how does it work? what disclosure is necessary? does the stock move up or down on that news? i think these are t
shares of trump media are looking down as well. plummeting yesterday as the company filed for additional stock itchssuance on the same d the hush money trial began. the stock is down 40% since it started to trade. we are trying to make sense of it. we will continue right now. liz hoffman is here from semafor. congratulations ahead of your conference in washington, d.c. >> thank you. >> when you saw the filing, what is the filing trying to say? >> i don't know. i read it a...
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specifically president trump. a lot of people took the clips he said on air as if he was a supporter of president trump's. i thought that was misconstrued by the public and not his intention to suggest he was backing president trump, but saying you have to respect a group of people who want to support him. by democrata, godemaging him ma for society. every person that the default, is a supper of sorts of president biden. >> his comments at davos were not just respect people who voted for president trump, but his point was there is a reason they are voting for him because of the policies he thought were better from immigration to others. he named them beyond that. i don't think he came down on one side or the other saying he was supporting one candidate or the other. i think it was more than just saying you can't mock those people. he was giving a reason for why. some of the policies. >> it was an explanation to the the public about that. for those who were curious, if he was all of a sudden named exploded as a pot
specifically president trump. a lot of people took the clips he said on air as if he was a supporter of president trump's. i thought that was misconstrued by the public and not his intention to suggest he was backing president trump, but saying you have to respect a group of people who want to support him. by democrata, godemaging him ma for society. every person that the default, is a supper of sorts of president biden. >> his comments at davos were not just respect people who voted for...
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. >>> shares of trump media falling back to earth. what is driving the latest stock selloff. it is coming up. it's tuesday, april 16th, 2024. you're watching "worldwide exchange" right here on cnbc. >>> good morning and welcome to "worldwide exchange." we are coming to you live from cnbc london. thank you for being with us. let's get you ready to start the day. we begin with the stock futures after another very rough session for stocks yesterday that saw the s&p and nasdaq close down more than 1% and the dow ex extending the losing streak to six sessions. s&p and nasdaq is flat, but the dow is opening 40 points lower. we are midway through the month and we will do a quick check of the s&p performers. we have globe life reeling and down 50% this month. we are looking at lamb weston under pressure. walgreens is down 19%. car max is down 40%. today is all about the banks. bank of america and morgan stanley reporting before the opening bell. bank of america down .75%. treasury yields are hovering at the highest levels in six months. the two-year/ten-year spread is skee steep even
. >>> shares of trump media falling back to earth. what is driving the latest stock selloff. it is coming up. it's tuesday, april 16th, 2024. you're watching "worldwide exchange" right here on cnbc. >>> good morning and welcome to "worldwide exchange." we are coming to you live from cnbc london. thank you for being with us. let's get you ready to start the day. we begin with the stock futures after another very rough session for stocks yesterday that saw...
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and trump media is ticking higher today after sliding 9% yesterday. the stock is down 31% since the parent company of truth social merged with the spac late last month. >>> as jim cramer says, there is a bull market somewhere. you don't have to look further than energy. pippa stevens has more with us. >> energy was the lone pribrigh spot. despite the recent out performance, energy is the second best sector this year. barclays is the wall street firm that sees upside. the firm initiated coverage on the e & p with the positive view saying we believe the sector offers a better value proposition than ever before pointing to a fundamental change from business model from growth to returns and prioritizing value over volumes. barclays added that energy stocks are punching above their weight in the sense they are 7% in the s&p 500 cash flow, but 3% of the index weight. the weight is around historic lows despite the fact the return on average capital has jumped amid the commodity prices. exxon is one of the top picks saying the company is getting back the majo
and trump media is ticking higher today after sliding 9% yesterday. the stock is down 31% since the parent company of truth social merged with the spac late last month. >>> as jim cramer says, there is a bull market somewhere. you don't have to look further than energy. pippa stevens has more with us. >> energy was the lone pribrigh spot. despite the recent out performance, energy is the second best sector this year. barclays is the wall street firm that sees upside. the firm...
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big supporter of trump. perlmutter cancer center, made calls, raised about $500 million. >> got robert downey hinting a return to marvell. so that's good. >> it's a big win. a big, big win. >> ge aerospace down almost 2. goldman assumes a buy at 190. there is reporting about a squeeze in travel capacity in the airline business because traffic is going to surpass prepandemic we think. boeing deliveries and airbus deliveries, they've kind of slowed. >> yeah, they have. take a look at the incredible action in rtx, greg hayes' swan song. that's thegood analog and not seeing any letdown. i remember positive with ge aerospace and really positive on all the other parts of it. i think they're really good. >> you thought vernova was your top of the three? >> i think people don't understand the power of vernova. down a lot from where it came public. the turbin numbers which david used to look at in terms of trying to figure out service revenue. remember turbin numbers? don't you remember that the tu turbin. >> turbine
big supporter of trump. perlmutter cancer center, made calls, raised about $500 million. >> got robert downey hinting a return to marvell. so that's good. >> it's a big win. a big, big win. >> ge aerospace down almost 2. goldman assumes a buy at 190. there is reporting about a squeeze in travel capacity in the airline business because traffic is going to surpass prepandemic we think. boeing deliveries and airbus deliveries, they've kind of slowed. >> yeah, they have....
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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 than triple them likely to happen, the u.s. tariff will follow biden's direction. it could be a matter of weeks. >> megan, thank you so much. >>> apple continuing to look at opportunities for manufacturing outside of china, we heard about india, next stop could be indonesia. steve kovach joining us. >> in indonesia, some comments came out saying he will look at investment in the country. they don't do much there yet, i also note he was in vietnam. they do some manufacturing. potentially to
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...
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prosecutors in donald trump's hush money trial have asked the judge to fine trump $3,000 for social media posts about key witnesses. prosecutors say he violated the gag order from commenting on people related the trial. adult film actors stormy daniels two sleaze bags who lied. >>> israel is deliberating how to respond to iran's aerial assault over the weekend without angering its international allies, that's according to "the washington post" citing that target options would be locations that would, quote, send a message without causing casualties and colorado could be the next state to ban the sale of automatic guns. ten other states including california, new york, illinois have passed similar limits on semiautomatic weapons. jon, back to you. >> thank you. >>> coming up, oil prices falling 1% as israel vows to retaliate against iran's attack. our brian sullivan will tell us what more the energy market can expect next. and there's still time to register for the inaugural cnbc changemakers event in new york city on april 18th. you will hear from some of the women transforming business in
prosecutors in donald trump's hush money trial have asked the judge to fine trump $3,000 for social media posts about key witnesses. prosecutors say he violated the gag order from commenting on people related the trial. adult film actors stormy daniels two sleaze bags who lied. >>> israel is deliberating how to respond to iran's aerial assault over the weekend without angering its international allies, that's according to "the washington post" citing that target options would...
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former president donald trump says arizona's ruling on abortion went too far. the state supreme court ruled yesterday a near total ban on abortion from the civil war era was enforceable. trump predicted arizona's governor and others will bring the law back to reason. it comes after earlier this week, trump issued a video message says he thinks the issue of abortion should be left up to the states to decide. >>> florida governor ron desantis signed a domestic violence bill inspired by the killing of gabby petito today. it would require law enforcement officers to conduct a lethality investigation when investigating domestic violence. >>> the u.s. army corps of engineer posted on x images of the francis scott key bridge following the collapse on march 25th. this was captured using an underwater sonar. salvage efforts have continued since the bridge's collapse. weeks away from clearing that channel. >> quite the imagery. that's under water we're looking at. tyler, thank you. >>> coming up, a look at the state of freight from the ceo of xpo, with shares up 300% ove
former president donald trump says arizona's ruling on abortion went too far. the state supreme court ruled yesterday a near total ban on abortion from the civil war era was enforceable. trump predicted arizona's governor and others will bring the law back to reason. it comes after earlier this week, trump issued a video message says he thinks the issue of abortion should be left up to the states to decide. >>> florida governor ron desantis signed a domestic violence bill inspired by...
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. >>> shares of trump's made ya stock sinking 18% today. the company filing to issue millions of additional shares of stock. djt now down more than 57% this month. you have been following this -- >> i have, just because it's the most ridiculous thing, the whole structure. they filed to register shares to -- they're going to call the warrant soon they can do it as early as tuesday, so you -- if you own a warrant, you put up your 1150, you get a share of stock they registered those shares, plus, registering the shares of trump, everyone else anyone else who lent them money, who is getting shares, they just want to clear the deck for everyone to be able to sell as soon as they can it would seem. now, we would need to find out if trump gets a waiver, but they're just looking to raise cash -- >> dumb question >> not from you. >> you want to find somebody that wants to sell that stock from you if they registered every stock that's outstanding -- >> they didn't this is new shares >> right they're subject to a lockup. who is the buyer of this stock
. >>> shares of trump's made ya stock sinking 18% today. the company filing to issue millions of additional shares of stock. djt now down more than 57% this month. you have been following this -- >> i have, just because it's the most ridiculous thing, the whole structure. they filed to register shares to -- they're going to call the warrant soon they can do it as early as tuesday, so you -- if you own a warrant, you put up your 1150, you get a share of stock they registered those...
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trump also lost a last-minute attempt to delay the trial by requesting a change of venue from manhattan. >>> jennifer and james crumblee, parents of the michigan school shooter were both sent toensed to 10 to 15 years in prison. they are the first parents ever to be charged and convicted in their child's mass shooting. >>> mt. etna is putting on a show, spitting out smoke rings in the skies over sicily. they are technically called volcanic vortex rings. rare but natural. nearly perfect circles of gas. mt. etna known to emit more than any other volcano on earth, inspiring locals to rename it the lord of the rings. now out to rick sen telli. >> muni money indeed. we have a special guest today. david hammer is head of muni portfolios, and i would like to welcome david. how are you doing today? >> i'm doing great, rick. thanks for having me. >> all right. so as we heard deidre point out, one of the best landscapes in the muni space in 20 years, you've talked many times as we discussed today that many players are starting to step away for a variety of reasons, like banks and high interest ra
trump also lost a last-minute attempt to delay the trial by requesting a change of venue from manhattan. >>> jennifer and james crumblee, parents of the michigan school shooter were both sent toensed to 10 to 15 years in prison. they are the first parents ever to be charged and convicted in their child's mass shooting. >>> mt. etna is putting on a show, spitting out smoke rings in the skies over sicily. they are technically called volcanic vortex rings. rare but natural....
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trump media down more than 40% since its market debut. j getting breaking economic data. business inventories up 0.4% as expected. last month's read was unchanged. meantime we watch for nahb and how the housing market is feeling as rates have stayed high and makes it difficult to get in or refinance. wonder what that will be doing as we head into the spring season. >> places like housing that kicked off the beginning of the year, from last year. it's a big week on data, on earnings. just give you taste of what's ahead and what we're watching. we're going to get a number of big banks tomorrow, bank of america, morgan stanley, we get existing home sales as carl mentioned and starts. retail sales were out this morning and they added fuel to the higher rates, hawkish fed story that has been playing out in the markets because they were better than expected. 0.7% rise in march. the expectation was 0.3. the revisions on february and march higher, important especially on february. if you break down where the spending occurred, well, the biggest categories were nonstore retailers,
trump media down more than 40% since its market debut. j getting breaking economic data. business inventories up 0.4% as expected. last month's read was unchanged. meantime we watch for nahb and how the housing market is feeling as rates have stayed high and makes it difficult to get in or refinance. wonder what that will be doing as we head into the spring season. >> places like housing that kicked off the beginning of the year, from last year. it's a big week on data, on earnings. just...
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. >>> and trump media is extending the slide after the company debuted at the end of march, but shares have fallen 35% since then. >>> shares of lockheed martin winning a contract worth $4 billion. the funding is meant to develop capabilities for the missile core command system. the shares are higher right now. >>> first quarter earnings season is officially here. big banks like wells fargo and citi and blackrock are kicking off before the opening bell today. arabile gumede is joining me here in london with the key financials this season. arabile. >> a modest start is what you anticipate particularly for the remainder of the year. you look at the first quarter and 5% is what you get. we are gearing up for the first quarter earnings season. analysts are optimistic than they were heading into last year for the full-year earnings per share across the s&p 500. we are expecting that number to be 9.8%. that is double the 4.1% that we were seeing as we entered 2023 according to lseg data. earnings as well as revenue growth is expected to be positive in the first quarter as well. analysts thin
. >>> and trump media is extending the slide after the company debuted at the end of march, but shares have fallen 35% since then. >>> shares of lockheed martin winning a contract worth $4 billion. the funding is meant to develop capabilities for the missile core command system. the shares are higher right now. >>> first quarter earnings season is officially here. big banks like wells fargo and citi and blackrock are kicking off before the opening bell today. arabile...
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that's trump media & technology. dgt. this is the parent company of former president donald trump's social media platform truth social. we're down about 1% or so. this is following a 14% drop yesterday on the heels of it announcing it is going to look to launch a streaming video service that will look to showcase news, product, religious and family friendly content, that sort of thing. now, that move could put it into a very, very and highly competitive and expensive space for streaming content. so, trump media shares very much in focus, guys. melissa, back over to you. >> all right, thank you, dom chu. >>> let's talk more about the markets, joining us is barry nash director of rusesearch at ironside's macro economics. i'm not going to ask about your backdrop today as you're normally asked. i'm going to ask whether that changes your outlook on the markets, what he said yesterday seems to match up with what the markets and the economists have started pricing in, and that is fewer rate hikes -- rate cuts, excuse me, this ye
that's trump media & technology. dgt. this is the parent company of former president donald trump's social media platform truth social. we're down about 1% or so. this is following a 14% drop yesterday on the heels of it announcing it is going to look to launch a streaming video service that will look to showcase news, product, religious and family friendly content, that sort of thing. now, that move could put it into a very, very and highly competitive and expensive space for streaming...
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shares of trump media declines. now the company is worth less than $3 billion. >>> and treasury steps up the crypto fight to protect national security from bad actors like north korea and russia. >>> tesla setting the lawsuit over the auto-pilot crash with the apple engineer. >>> and morgan stanley is pricing in a no-landing scenario as the economy will inclchug al with no rate cuts this year. >>> and the latest ahead today with the house returning from recess today and ukraine funding is top of the agenda for lawmakers and in tech, the cloud developer conference kicks off today. >>> investors are waiting for the big cpi report. futures are in the green. the dow would open up higher. the nasdaq is continuing to move higher. the markets continue to focus on fed rate cuts this year, but jim cramer is telling investors be thankful that powell is not hiking any more. >> we have a robust economy. i'm less worried about the earnings season. i checked the record and this job creation is about as good as it gets regardless
shares of trump media declines. now the company is worth less than $3 billion. >>> and treasury steps up the crypto fight to protect national security from bad actors like north korea and russia. >>> tesla setting the lawsuit over the auto-pilot crash with the apple engineer. >>> and morgan stanley is pricing in a no-landing scenario as the economy will inclchug al with no rate cuts this year. >>> and the latest ahead today with the house returning from...
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and trump media trying to reclaim some of its losses this morning after falling another 14% yesterday. the decline comes despite truth social's newly announced plans for a live streaming tv network. shares are down 50% since last month. frank? >> all right, kristina, thank you very much. >>> we want to turn your attention to a the news alert right now. we have reports of a magnitude 5.1 earthquake hitting close to taiwan, this coming after that 7.1 hit the island earlier this month. the quake temporarily pausing chip-making. that includes ttmec. i it follows the largest one earlier this month. >>> using tech to target wealthy taxpayers. how some states are leaning on artificial intelligence to help replenish revenue shortfalls. but first some of your top trending stories, and it's not just your taxes, of course. the ai can help pick out your music. amazon is offering an ai-generated playlist like crying and eating and receive a list of songs to match. that's an interesting idea there. >>> a slam dunk for the wnba draft bringing in a 300% increase compared to last year. the last record
and trump media trying to reclaim some of its losses this morning after falling another 14% yesterday. the decline comes despite truth social's newly announced plans for a live streaming tv network. shares are down 50% since last month. frank? >> all right, kristina, thank you very much. >>> we want to turn your attention to a the news alert right now. we have reports of a magnitude 5.1 earthquake hitting close to taiwan, this coming after that 7.1 hit the island earlier this...
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his tour of the battleground state comes as likely republican nominee donald trump spends another day in court for jury selection in his hush money trial. trump called the case a disgrace and said he should be out campaigning instead. >>> the transportation department announcing a new push today to protect airline consumers. the department says it will team up with 18 state attorneys general to investigate complaints against airlines of ticket agents. it comes as passenger traffic is projected to hit all-time highs this year. and as airline complaints have risen sharply in recent years. >>> and six-time all-star, former number one pick in the draft, blake griffin announcing that he is retiring today. he played in the nba for 14 seasons, starting with the clippers before stints with the pistons, nets and celtics. he made the announcement on social media writing that he's thankful for every single moment in his career. just 35 years old. contessa, back to you. >> wow. all right. thank you, seema. >>> still ahead, going global. microsoft in its quest for sector dominance. we'll break dow
his tour of the battleground state comes as likely republican nominee donald trump spends another day in court for jury selection in his hush money trial. trump called the case a disgrace and said he should be out campaigning instead. >>> the transportation department announcing a new push today to protect airline consumers. the department says it will team up with 18 state attorneys general to investigate complaints against airlines of ticket agents. it comes as passenger traffic is...
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shares of trump media down 18% today after the company said it plans to issue 21.5 million new shares. the stock has been on a steady slide for weeks after the companywhich operates former president trump's truth social app disclosed it lost $58 million on just over $4 million in revenue last year. and shares of cloud services company servicenow down more than 3%, about 4% actually, heading into the close after gugen hymn analysts downgraded the stock based on its valuation taking that stock to neutral from buy. >> thank you. tesla tumbling on the back of layoff news how this could impact the stock in the months ahead, coming up. tamra, izzy, and emma... no one puts more love into logistics than these three. you need them. they need a retirement plan. work with principal so we can help you with a plan that's right for your team. let our expertise round out yours. 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 passi
shares of trump media down 18% today after the company said it plans to issue 21.5 million new shares. the stock has been on a steady slide for weeks after the companywhich operates former president trump's truth social app disclosed it lost $58 million on just over $4 million in revenue last year. and shares of cloud services company servicenow down more than 3%, about 4% actually, heading into the close after gugen hymn analysts downgraded the stock based on its valuation taking that stock to...
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overall it went down especially after former president trump tweeted today to kill the program. at this point, they will have to do a simple reauthorizization of the program. there is bipartisan support for the program and the changes but these procedural votes were only going to go on republican votes and this is what happens when you have a narrow majority that you do in thehouse. it is just another sign that speaker mike johnson is in trouble when it comes to his conference and the amount of support he has. as you remember, marjory taylor greene filed a motion to oust him. she has not triggered the motion yet in putting it into play. but greene and johnson did meet today and she emerged from the meeting saying she has every intention of eventually moving to oust johnson. we will have to see what happens here for the federal surveillance program. the clock is ticking. congress has until april 19th. it needs to get through the house and senate chambers. a lot of work ahead. >> interesting time. you have bipartisan support as you say but if you have a faction that is not part of
overall it went down especially after former president trump tweeted today to kill the program. at this point, they will have to do a simple reauthorizization of the program. there is bipartisan support for the program and the changes but these procedural votes were only going to go on republican votes and this is what happens when you have a narrow majority that you do in thehouse. it is just another sign that speaker mike johnson is in trouble when it comes to his conference and the amount of...
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california to set its own electric vehicle sales mandate reversing a 2019 decision from former president trump. >>> israel is buying 40,000 tents ahead of an evacuation in rafah where they have vowed to rout out hamas. the israeli defense ministry did not confirm the purchase. >>> the eiffel tower will be accessorized for the summer olympics. a 49-foot-high structure of the olympic rings will be displayed on the tower overlooking the river sennes. pieces from the tower installation will begin at the end of the month. >>> up next, a big call on big energy. one top firm urangpgdi today. we'll debate the best way to play it next. unlocking th e power of thinkorswim, the award-winning trading platforms. bring your trades into focus on thinkorswim desktop with robust charting and analysis tools, including over 400 technical studies. tailor the platforms to your unique needs with nearly endless customization. and track market trends with up-to-the-minute news and insights. trade brilliantly with schwab. power e*trade's easy-to-use tools, like dynamic charting and risk-reward analysis, help make trad
california to set its own electric vehicle sales mandate reversing a 2019 decision from former president trump. >>> israel is buying 40,000 tents ahead of an evacuation in rafah where they have vowed to rout out hamas. the israeli defense ministry did not confirm the purchase. >>> the eiffel tower will be accessorized for the summer olympics. a 49-foot-high structure of the olympic rings will be displayed on the tower overlooking the river sennes. pieces from the tower...
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the reason i think the chinese would be perfectly happy to see trump come back is the trum p ea is the chaos era and they get to move around the world without his focus. >> david sanger, one of the smartest people i know. thank you. >>> coming up, we'll have the action to the escalating war in the middle east in the energy markets. that story is next. later, we hear from white house adviser john kirby in the 7:00 hour. dude, what're you doing? i'm protecting my car. that's too much work. weathertech is so much easier... laser-measured floorliners up here, seat protector and cargoliner back there... nice! out here, side window deflectors... and mud flaps... and the bumpstep, to keep the bumper dent-free. cool! it's the best protection for your vehicle, new or pre-owned. great. but where do i---? order. weathertech.com. sfx: bubblewrap bubble popped sound. [alarm beeping] amelia, turn off alarm. amelia, weather. 70 degrees and sunny today. amelia, unlock the door. i'm afraid i can't do that, jen. why not? did you forget something? my protein shake. the future isn't scary, not investing i
the reason i think the chinese would be perfectly happy to see trump come back is the trum p ea is the chaos era and they get to move around the world without his focus. >> david sanger, one of the smartest people i know. thank you. >>> coming up, we'll have the action to the escalating war in the middle east in the energy markets. that story is next. later, we hear from white house adviser john kirby in the 7:00 hour. dude, what're you doing? i'm protecting my car. that's too...
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jury selection continues this morning in donald trump's hush money trial in new york. no jurors were selected monday. the former president is required to attend the trial, which could last up to eight weeks. he has entered a not guilty plea on 34 counts tied to a payment he made to adult film actress stormy daniels at the end of the 2016 election cycle to cover up an alleged affair. >>> the house will send its articles of impeachment against homeland security secretary al han be dro mayor kags to the nate today, according to a spokesperson for mike johnson. the move will kick off a trial in the upper chamber expected to end with democratic led chamber dismissing the issue. >>> a fire broke out at the koppen hager stock market. emergency responders and employees pushed to save large paintings from the building. the flames caused the building's roof to collapse and sent the famed spire tumbling town. it's not clear what started the fire. carl? >> terrible images. thank you. i'll take it. pippa stevens. >>> a host of new economic data out of china today raising questions
jury selection continues this morning in donald trump's hush money trial in new york. no jurors were selected monday. the former president is required to attend the trial, which could last up to eight weeks. he has entered a not guilty plea on 34 counts tied to a payment he made to adult film actress stormy daniels at the end of the 2016 election cycle to cover up an alleged affair. >>> the house will send its articles of impeachment against homeland security secretary al han be dro...
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unless the stronger economy and good enough earnings trump everything. for the moment. >> we can have a reaction to but i think it'll be short-term in nature as we have seen in the past. that the is the situation where we can see a selloff for a week or two. we can have the bounce back occur because of pce. i think this will be an environment of higher volatility and we may feel like the end of us by the time fedex actually cuts rates we might feel like ping-pong balls. >> we have ppi tomorrow what you want to see their to confirm your right . >> i don't have high hopes for ppi don't think it's important for data point but i would like to get in point with the data representation. figuring out tomorrow won't be a great one, what about the idea that if we need to rethink the level of where things will be for a little while because we won't get the cuts when we stop. in this kind of environment where the navy those stocks would work and i thought the rates would come down to me to rethink that? >> depends on what your time horizon is. recall there was a ti
unless the stronger economy and good enough earnings trump everything. for the moment. >> we can have a reaction to but i think it'll be short-term in nature as we have seen in the past. that the is the situation where we can see a selloff for a week or two. we can have the bounce back occur because of pce. i think this will be an environment of higher volatility and we may feel like the end of us by the time fedex actually cuts rates we might feel like ping-pong balls. >> we have...
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>>> are brittle week for donald trump, on track for $1 billion bonus. why? we will show you. >>> plus, sh
>>> are brittle week for donald trump, on track for $1 billion bonus. why? we will show you. >>> plus, sh
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. >>> the judge presiding over trump's trial just ruled the prosecution cannot play the "access hollywood" tape. >>> protesters brought traffic to a standstill protesting the war in gaza in the bay. >>> france prepared alternatives for the summer olympics opening ceremony over security concerns. in light of the conflict in the middle east and ukraine as well as threats of terrorists attacks, organizers are considering options to restrict the ceremony or move it to a stadium should that become necessary. of course, scott, the hope is that it comes off as planned. contessa, thank you. >>> how rising tensions in the middle east are impacting the commodity trade today. bob joins us next on eft edge. but no one loves logistics as much as they do. you need tamra, izzy, and emma. they need a retirement plan. work with principal so we can help you with a retirement and benefits plan that's right for your team. let our expertise round out yours. las vegas grand prix choose t-mobile for business for 5g solutions. because t-mobile is helping power operations and experiences for hundreds of thousands
. >>> the judge presiding over trump's trial just ruled the prosecution cannot play the "access hollywood" tape. >>> protesters brought traffic to a standstill protesting the war in gaza in the bay. >>> france prepared alternatives for the summer olympics opening ceremony over security concerns. in light of the conflict in the middle east and ukraine as well as threats of terrorists attacks, organizers are considering options to restrict the ceremony or move...
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trump media continuing to fall after the company announced truth social is moving to launch a live tv streaming platform seen by the market as a cost intensive business and follows a filing showing that the company may sell more stock. we see shares in the market cap decreased by more than $5 billion since it began trading at the end of march as a public company right now down 13%. >> i appreciate that, thank you. seema mody. >>> united airlines at the top of the hour. stocks had a volatile year and we will tell you the key metrics to look out for when closing bell comes right back. >>> some companies even advertise high quality vinyl >> coming up next, united airlines and interactive brokers , time will tell you what to watch for when those numbers are set to take when we take you inside the market zone. [thunder rumbles] ♪ ♪ ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ [thunder rumbles] ♪ ♪ i don't want you to move. [thunder rumbles] i'm go
trump media continuing to fall after the company announced truth social is moving to launch a live tv streaming platform seen by the market as a cost intensive business and follows a filing showing that the company may sell more stock. we see shares in the market cap decreased by more than $5 billion since it began trading at the end of march as a public company right now down 13%. >> i appreciate that, thank you. seema mody. >>> united airlines at the top of the hour. stocks had...
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if it's trump, he says, hey, enough stimulus. the republicans are saying enough stimulus. we don't know if he'll live up to his word. that would be a rare occurrence. everything else is constant, i can guarantee you, okay, that the rates, if they stay where they are for another extended period of time, earnings will suffer. we've taken earnings down in advance of this reporting period -- >> by about half? the other issue is what michael hartnet is talking about where he looks at the flow show where he says markets are looking bubbly and the price action of the market when you have higher yields and then the nasdaq is moving higher, that is typical of publy markets. to landing equals bubble risk, so you have the largest large cap outflow. amy, what do i make of that? are we looking past the idea yields have moved higher of late and the nasdaq keeps humming along? >> that's the issue. and, again, to steve's point, if you expect rate cuts, you're okay. if that gets delayed with the market at 21 times in a large cap growth p/e of over 30 times and at a 5% fed funds rate, that
if it's trump, he says, hey, enough stimulus. the republicans are saying enough stimulus. we don't know if he'll live up to his word. that would be a rare occurrence. everything else is constant, i can guarantee you, okay, that the rates, if they stay where they are for another extended period of time, earnings will suffer. we've taken earnings down in advance of this reporting period -- >> by about half? the other issue is what michael hartnet is talking about where he looks at the flow...
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the exchief financial officer of the trump organization was sentenced this morning to five months at new york city's riker's island jail his jail time for perjury comes a month after he admitted to lying under oath in donald trump's civil fraud case. >>> the u.s. and japan are set to announce a historic upgrade to the security alliance today. president biden held taulks wit the prime minister. the pm's visit is first state visit by a japanese leader in nine years. >>> and the first ever limit on so called pfas in drinking water. it's to reduce the lowest levels measured. the agency said it will reduce exposure for 100 million people and prevent thousands of illnesses, including cancers. back to you. >>> delta a bright spot this morning swinging higher after swinging to a profit if the first quarter. phil lebeau caught up with the ceo. what are the headlines? >> what stands out is the consistency of the first quarter. they beat the street in terms of a bottom line profit by 9 cents with revenues coming in this just shy of expectations. but the numbers within the numbers, this is a tou
the exchief financial officer of the trump organization was sentenced this morning to five months at new york city's riker's island jail his jail time for perjury comes a month after he admitted to lying under oath in donald trump's civil fraud case. >>> the u.s. and japan are set to announce a historic upgrade to the security alliance today. president biden held taulks wit the prime minister. the pm's visit is first state visit by a japanese leader in nine years. >>> and the...
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. >>> trump media down nearly 50% in april. djt's market cap now under $4.5 billion. >>> car max sliding more than 9% after missing this morning. the company saying it may not meet its long-term sales target. >>> and shares of constellation brands hit an all-time high today on the back of earnings, citing its outperforming beer business. >>> moving onto the interest rate roller coaster. the yield on the ten-year treasury touching a fresh five-month high today, hitting 4.6% for the first time since mid november. it is up 80 basis points since the end of last year. it hasn't climbed back to that 16-year high above 5%, but with the steady rise this year, have we cleared the path to retest and even surpass those records? our next guest says 5.3% could be in the cards. ben eamons is from new edge wealth. ben, good to see you. >> good to be back. thank you for having me. >> how long does ittake to get to that 5.3%? >> it looks like we're back to where we were in the summer of last year. remember that we had yields starting around 3.7
. >>> trump media down nearly 50% in april. djt's market cap now under $4.5 billion. >>> car max sliding more than 9% after missing this morning. the company saying it may not meet its long-term sales target. >>> and shares of constellation brands hit an all-time high today on the back of earnings, citing its outperforming beer business. >>> moving onto the interest rate roller coaster. the yield on the ten-year treasury touching a fresh five-month high...
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i am not exactly sure what the trump solution is to these higher inflation numbers. >> okay. steve liesman, we'll be talking to you in just a little bit as we get the big number at 8:30 this morning. thank you. >>> when we come back, delta airlines just reporting quarterly results that beat expectations. we will break down the quarter and take a look at future travel demand with ceo ed bastian. he will join us exclusively right after this break. this is remington. ...he's a member of the family, for sure. we always fed them kibble— it just seemed like the thing to do. but ...he was getting picky we heard about the farmer's dog... and it was a complete transformation. his coat was so soft, he had amazing energy. he was a completely different dog. it's a no-brainer that (remi) should have the most nutritious and delicious food possible. i'm investing in my dog's health and happiness. >>> welcome back to "squawk." delta reporting quarterly results in the last hour. phil lebeau joins us with a very special guest. good morning, phil. >> good morning, andrew. ed bastian, you beat
i am not exactly sure what the trump solution is to these higher inflation numbers. >> okay. steve liesman, we'll be talking to you in just a little bit as we get the big number at 8:30 this morning. thank you. >>> when we come back, delta airlines just reporting quarterly results that beat expectations. we will break down the quarter and take a look at future travel demand with ceo ed bastian. he will join us exclusively right after this break. this is remington. ...he's a...
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trump will make similar claims. i think the odds of complete inaction are very low. the question is do you want to frame this as extent what we have or let it sunset. i think that's the wrong way to look at it. this is an opportunity to take what was a really good tax reform in 2017, something we hadn't done in 30 years, and not wait another 30 years. continue to improve the tax code and i think the emphasis should be on growth. >> okay. so let's talk about what that looks like in terms of what do you think the corporate tax rate will be. >> sure. >> or should be. but let's also do it in the context of an exploding dent and whether you ultimately think it is going to be a combination of lowering costs some way or another, which we don't seem to be very good at doing, and somehow raising more money meaningfully. >> i think both have to be on the table. there's no question about that. we have a very serious threat in the fiscal outlook, and the growth in the fiscal outlook are interrelated. if you look at the 20th century, gdp per capita, sort of standard of living, gr
trump will make similar claims. i think the odds of complete inaction are very low. the question is do you want to frame this as extent what we have or let it sunset. i think that's the wrong way to look at it. this is an opportunity to take what was a really good tax reform in 2017, something we hadn't done in 30 years, and not wait another 30 years. continue to improve the tax code and i think the emphasis should be on growth. >> okay. so let's talk about what that looks like in terms...
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a lot of them are just -- wait until the election and see if things change, although trump has said similar, if not even more draconian things when it comes to this. i come back to the fact, this is not a chinese company. this is nippon, a japanese company, that is considered a great ally, that was just visiting the white house -- the prime minister was just visiting. >> if there weren't a commitment to keep it, basically, unionized, then i could understand. from the president's a union president. he's said that like a gazillion times. >> he's gotten support of that union. cleveland-cliffs has been extremely effective in terms of galvanizing the opposition to the transaction, even though they would not necessarily appear to be a potential buyer overall, given their own real antitrust concerns. anyway, just wanted to mention that was part of the announcement on the chinese tariffs. >> you could argue, carl, that the chinese wiped out u.s. steel effectively. it's only $9 billion company. i would say that a nonunion company, new corps, took a ton of business from them, and new core is a fantas
a lot of them are just -- wait until the election and see if things change, although trump has said similar, if not even more draconian things when it comes to this. i come back to the fact, this is not a chinese company. this is nippon, a japanese company, that is considered a great ally, that was just visiting the white house -- the prime minister was just visiting. >> if there weren't a commitment to keep it, basically, unionized, then i could understand. from the president's a union...
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. >>> i haven't checked in on trump media and tech. it's had a rough debut since de-spaccing. you could have bought the spac. dwac at prices far below this and you would be up enormously. well down from the early days. that doesn't mean the former president is not going to get those additional 40 million shares. he will. because every day that goes by that it stays -- it's already basically done. it just has to average 17.50 for any 20-day trading period it will do in the first 20 trading days. we'll keep an eye on it. we're back with stop trading from jim. to sharpen their skills with tailored education. get an expanding library filled with new online videos, webcasts, articles, courses, and more - all crafted just for traders. and with guided learning paths stacked with content curated to fit your unique goals, you can spend less time searching and more time learning. trade brilliantly with schwab. business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning. the go-tos that keep us going. the places we chee
. >>> i haven't checked in on trump media and tech. it's had a rough debut since de-spaccing. you could have bought the spac. dwac at prices far below this and you would be up enormously. well down from the early days. that doesn't mean the former president is not going to get those additional 40 million shares. he will. because every day that goes by that it stays -- it's already basically done. it just has to average 17.50 for any 20-day trading period it will do in the first 20...