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a big name wants him to run. >> announcer: "last call" next, cnbc lily! welcome to our third bark-ery. oh, i can tell business is going through the “woof”. but seriously we need a reliable way to help keep everyone connected from wherever we go. well at at&t we'll help you find the right wireless plan for you. so, you can stay connected to all your drivers and stores on america's most reliable 5g network. that sounds just paw-fect. terrier-iffic i labra-dore you round of a-paws at&t 5g is fast, reliable and secure for your business. ♪ ♪ at every day,st, businesses everywhere are asking. is it possible? with comcast business...it is. is it possible to use predictive monitoring to address operations issues? we can help with that. can we provide health care virtually anywhere? we can help with that, too. is it possible to survey foot traffic across all of our locations? yeah! absolutely. with global secure networking from comcast business. it's not just possible. it's happening. ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street c
a big name wants him to run. >> announcer: "last call" next, cnbc lily! welcome to our third bark-ery. oh, i can tell business is going through the “woof”. but seriously we need a reliable way to help keep everyone connected from wherever we go. well at at&t we'll help you find the right wireless plan for you. so, you can stay connected to all your drivers and stores on america's most reliable 5g network. that sounds just paw-fect. terrier-iffic i labra-dore you round of...
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me after this break we'll get his take on everything st everything you're watching "closing bell" on cnbc. hey, i'm a palm springs hotel. i got the desert air, sun-kissed pools, and shady hideaways. i'm looking for someone who can decide on a friday night that a one night commitment is a fine idea. what do you say? meet me at hotels.com ♪ ♪ connecting to opportunity is just part of the hustle. ♪ ♪ opportunity is using data to create a competitive advantage. ♪ ♪ it's raising capital that helps companies change the world. it's making complicated financial concepts seem simple. opportunity is making the dream of home ownership a reality... ♪ ♪ ...writing new rules and redefining the game... ...and driving the world forward to a greener energy future. (applause) ♪ ♪ opportunity is setting a goal... ...and charting a course to get there. sometimes the only thing standing between you and opportunity... ...is someone who can make the connection. at ice, we connect people to opportunity. you founded your kayak company because you love the ocean- not spreadsheets. you need to h
me after this break we'll get his take on everything st everything you're watching "closing bell" on cnbc. hey, i'm a palm springs hotel. i got the desert air, sun-kissed pools, and shady hideaways. i'm looking for someone who can decide on a friday night that a one night commitment is a fine idea. what do you say? meet me at hotels.com ♪ ♪ connecting to opportunity is just part of the hustle. ♪ ♪ opportunity is using data to create a competitive advantage. ♪ ♪ it's...
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pippa stevens joins us with today's cnbc "money minute." >> reporter: starting with amazon, its ring doorbell unit will pay $5.8 million to the ftc in a settlement over privacy violations. the agency filed a lawsuit against ring alleging unfair or deceptive business practices saying it gave third party contractors access to customer videos without having procedures in place to protect their privacy. >>> and a new disclosure from di felt says twitter is only worth one-third of the amount it was when elon musk and his co-investors bought it for $44 billion back in october. the marked down value comes after musk hired former nbcuniversal chief linda yacorino to navigate an overhaul of the company. >>> new list featuring the most loved brands in america. patagonia took the top spot in this year's axios harris poll 100 reputation rankings with costco, john deere, trader joe's and chick-fil-a rounding out the top five. tech giants amazon and apple ranked eighth and tenth respectively. i got to admit i am a patagonia loyalist so i'm not surprised to see that. >> i was looking it up again la
pippa stevens joins us with today's cnbc "money minute." >> reporter: starting with amazon, its ring doorbell unit will pay $5.8 million to the ftc in a settlement over privacy violations. the agency filed a lawsuit against ring alleging unfair or deceptive business practices saying it gave third party contractors access to customer videos without having procedures in place to protect their privacy. >>> and a new disclosure from di felt says twitter is only worth...
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online, you can't do that without copper >> learn something every day pippa, thank you >>> now the cnbc news update >> and virginia governor glenn youngkin ordered 100 national guard troops to the southern border the republican governor says he is sending the troops at texas governor greg abbott's request they will help to address an increase in the flow of illegal drugs and human trafficking on the border >>> nikki haley's husband is set to begin a year long deployment with the south carolina army national guard two africa. according to the associated press. the mission will likely last for the rest of his wife's campaign for the republican presidential nomination the ap says formal deployment ceremony will likely happen in the next few weeks >>> and more than 18,000 people have been evacuated from nova scotia as 13 wildfires burn in the canadian province. three are considered out of control. the impact of the fires can be seen in the northeast of the united states, more than half a dozen states from maine to new jersey have seen air quality alerts because of a southwestern wind carryi
online, you can't do that without copper >> learn something every day pippa, thank you >>> now the cnbc news update >> and virginia governor glenn youngkin ordered 100 national guard troops to the southern border the republican governor says he is sending the troops at texas governor greg abbott's request they will help to address an increase in the flow of illegal drugs and human trafficking on the border >>> nikki haley's husband is set to begin a year long...
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his chief allies who negotiated this bill with democrats, was especially confident this morning on cnbc talking both to his members, their audience, and the markets saying, stay calm, we got this. take a listen. >> it's going to be a long day. i think the votes are there on both sides, democrats will produce some votes in the nature of a deal like this, both parties have to reach votes. republicans will carry then lion's share, as we should. >> hakeem jeffries has said he is going to vote for this compromise bill. a lot of other members of leadership and the center of the democratic caucus will find they will -- themselves doing the same thing. progressives fall off. some have started to come out and say they will be nos. with the majority of the house republicans voting in favor of this and i think a big chunk of democratic caucus, we appear to be on a reasonably good path to get this through the house sometime tonight. >> in spite of the efforts, the dow and s&p on its way down. i want to get to kristin welker at white house. the president is holding a briefing on hurricane and fire p
his chief allies who negotiated this bill with democrats, was especially confident this morning on cnbc talking both to his members, their audience, and the markets saying, stay calm, we got this. take a listen. >> it's going to be a long day. i think the votes are there on both sides, democrats will produce some votes in the nature of a deal like this, both parties have to reach votes. republicans will carry then lion's share, as we should. >> hakeem jeffries has said he is going...
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cnbc has been unable to independently verify "the journal" report. but a jpmorgan spokesperson said on friday after dimon was disposed that he, quote, never met with him, never e-mailed him, does not recall ever discussing his accounts internally and was not involved in any decisions about his account. there are over a million e-mails, other documents that have been produced in this case, and not one comes close to even suggesting that he had any role in decisions about epstein's accounts now, that puts the two men at odds in a high-stakes legal fight over the bank's relationship with the deceased sex offender according to the "wall street journal," staley said that dimon communicated with him when epstein was arrested in 2006 and in 2008 when he pleaded guilty and staley said dimon communicated with staley about whether to maintain epstein as a client all the way through 2012. in response to the new reporting, a jpmorgan spokesperson today said, we believe this is false. there is no evidence that any such communications ever occurred, nothing in the
cnbc has been unable to independently verify "the journal" report. but a jpmorgan spokesperson said on friday after dimon was disposed that he, quote, never met with him, never e-mailed him, does not recall ever discussing his accounts internally and was not involved in any decisions about his account. there are over a million e-mails, other documents that have been produced in this case, and not one comes close to even suggesting that he had any role in decisions about epstein's...
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welcome to "squawk box" right here on cnbc we are live from the nasdaq market site in time square i'm becky quick along with joe kernen andrew is out today. why don't we see how u.s. equity futures are shaping up at this how. you'll see right now there are some red arrows. dow futures off by about 50 points it is the last day of may. why don't we take a look at how stocks have performed so far the s&p is up by 0.9%. and the nasdaq is the huge winner it's about by nearly 6.5%. this is the trend that continued yesterday. ice the trend we saw last week and, again, it's the trend we've seen for the entire month. treasury yield has been a bit of a different story. a little more volatility there if you're taking a look at what's happening, the yield is 6.35% and the two-year at 4.434. short-term yields, of course, we continue to watch that until the debt deal gets passed and ratified by congress the one-month bill is at 5.4%. that's well off the highs when it was above 5.8%. >> down pretty sharply yesterday. >>> we're going to talk to patrick mchenry who's almost like a whip for the speaker
welcome to "squawk box" right here on cnbc we are live from the nasdaq market site in time square i'm becky quick along with joe kernen andrew is out today. why don't we see how u.s. equity futures are shaping up at this how. you'll see right now there are some red arrows. dow futures off by about 50 points it is the last day of may. why don't we take a look at how stocks have performed so far the s&p is up by 0.9%. and the nasdaq is the huge winner it's about by nearly 6.5%. this...
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here at cnbc global headquarters, and here's your "five@5." we begin with gearing up for the final trading day of the month and tech trading at the highest this year. your wednesday morning setup is coming up. >>> and then in washington, the house to pass a deal but headwinds within the republican party, they still remain. >>> and a cautious view. jamie dimon talks all things china as they look to boost their foot in the second largest economy. >>> nvidia to become the seventh stock to join that exclusive market cap club. >>> later, the case for higher rates. the latest fed head making a case for higher rates. it's wednesday, may 31st, 2023 you're watching "worldwide exchange" right here on cnbc ♪ >>> good morning and welcome to "worldwide exchange. i'm frank holland. >>> let's get a check on the u.s. stock futures on this final trading day in may right now we're seeing futures down across the board. the s&p, the dow, and the nasdaq down about a third of a percent, but it is early. however, it's been quite the month for nasdaq it's up more t
here at cnbc global headquarters, and here's your "five@5." we begin with gearing up for the final trading day of the month and tech trading at the highest this year. your wednesday morning setup is coming up. >>> and then in washington, the house to pass a deal but headwinds within the republican party, they still remain. >>> and a cautious view. jamie dimon talks all things china as they look to boost their foot in the second largest economy. >>> nvidia to...
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cnbc joins me live with that. you can see all the red on the board. we'll get to some of the morning's other business headlines. we'll be right back. other busins headlines. we'll be right back. power e*trade's easy-to-use tools make complex trading less complicated. custom scans help you find new trading opportunities, while an earnings tool helps you plan your trades and stay on top of the market. e*trade from morgan stanley. (woman) oh. oh! hi there. you're jonathan, right? the 995 plan! and stay on top of the market. yes, from colonial penn. your 995 plan fits my budget just right. excuse me? aren't you jonathan from tv, that 995 plan? yes, from colonial penn. i love your lifetime rate lock. that's what sold me. she thinks you're jonathan, with the 995 plan. -are you? -yes, from colonial penn. we were concerned we couldn't get coverage, but it was easy with the 995 plan. -thank you. -you're welcome. i'm jonathan for colonial penn life insurance company. this guaranteed acceptance whole life insurance plan is our #1 most popular plan. it's loaded w
cnbc joins me live with that. you can see all the red on the board. we'll get to some of the morning's other business headlines. we'll be right back. other busins headlines. we'll be right back. power e*trade's easy-to-use tools make complex trading less complicated. custom scans help you find new trading opportunities, while an earnings tool helps you plan your trades and stay on top of the market. e*trade from morgan stanley. (woman) oh. oh! hi there. you're jonathan, right? the 995 plan! and...
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here at cnbc global headquarters, and here's your "five@5." we begin with gearing up for the final trading day of the month and tech trading at the highest this year. your wednesday morning setup is coming up. >>> and then in washington, the house to pass a deal but headwinds within the republican party, they still remain. >>> and a cautious view. jamie dimon talks all things china as they look to boos
here at cnbc global headquarters, and here's your "five@5." we begin with gearing up for the final trading day of the month and tech trading at the highest this year. your wednesday morning setup is coming up. >>> and then in washington, the house to pass a deal but headwinds within the republican party, they still remain. >>> and a cautious view. jamie dimon talks all things china as they look to boos
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question, tweet cramer, #madtweets send jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something, head to madmoney.cnbc.com. i struggled with cpap every night. but now that i got the inspire implant, it's making me think of doing other things i've been putting off. like removing that tattoo of your first wife's name. inspire. learn more and view important safety information at inspiresleep.com. ready to shine from the inside out? say “yes” to nature's bounty advanced gummies and jelly beans. the number one brand for hair, skin and nails. with two times more biotin to bring out more of your inner beauty. get more with nature's bounty. when i was his age, we had to be inside to watch live sports. but with xfinity, we get the fastest mobile service and can stream down the street or around the block. hey, can you be less sister, more car? all right, let's get this over with. save hundreds a year over t-mobile, at&t and verizon with the best price for two lines of unlimited. i should get paid more for this. you get paid when you win. from xfinity. home of the 10g ne
question, tweet cramer, #madtweets send jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something, head to madmoney.cnbc.com. i struggled with cpap every night. but now that i got the inspire implant, it's making me think of doing other things i've been putting off. like removing that tattoo of your first wife's name. inspire. learn more and view important safety information at inspiresleep.com. ready to shine from the inside out? say “yes” to nature's bounty...
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e*trade from morgan stanley. >>> we're now in the market zone cnbc's commentator mike santoli is here to break down the crucial moments and marcy m mcgregor is back, and frank hold land looking ahead to key tech earnings mike, i'll begin with you. if it's cyclicly sensitive, it's not doing well it's getting drowned out. >> yeah. >> and you heard from our poll, it's all about nvidia. >> it's the one, what you would call affirmative story out there where something is actually progressing. it's positive, and we can see a trend. the rest of it is just exactly how much have we priced in already, and and the consumer discretionary, and industrials, they have a same look to them. they were kind of hanging in there, and and that's what the overall market is doing right now. some of the most overheated names in the crosshairs of the ai traders, nvidia, down 4% to 5% off the high, intraday. who knows in the fever breaks in the short-term, and ai and the earnings let's see if that's desocisive e way or the other, and see what the rest of the market does, and doing no better than hanging in there
e*trade from morgan stanley. >>> we're now in the market zone cnbc's commentator mike santoli is here to break down the crucial moments and marcy m mcgregor is back, and frank hold land looking ahead to key tech earnings mike, i'll begin with you. if it's cyclicly sensitive, it's not doing well it's getting drowned out. >> yeah. >> and you heard from our poll, it's all about nvidia. >> it's the one, what you would call affirmative story out there where something is...
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cnbc reporter yasmin corum has been following it. she tried to delay this day. >> she did. she fought it from the very beginning. convicted a year and a half ago and managed to stay out of prison for a very long time. a federal appeals court rejected her request to remain free while she appeals her conviction. today as we walked through those doors at this minimum security prison in brian, texas, she's now known as an inmate. this place is nicknamed club fed, martha stewart served here and jen shah is serving her sentence at the same facility. >> i know holmes and her former business partner were ordered to pay over $400 million to dozens of investors yet holmes says she does not even have money to pay her attorneys right now so is there any hope people will get some of their money back? >> legal experts tell me there is very little chance any of that will be paid back. as you mentioned her and her co-conspirator sunny balwani ordered to pay over $450 million in restitution. her legal team is estimated to have cost over $30 million and she has said repeatedly she just doesn
cnbc reporter yasmin corum has been following it. she tried to delay this day. >> she did. she fought it from the very beginning. convicted a year and a half ago and managed to stay out of prison for a very long time. a federal appeals court rejected her request to remain free while she appeals her conviction. today as we walked through those doors at this minimum security prison in brian, texas, she's now known as an inmate. this place is nicknamed club fed, martha stewart served here...
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joining me now is cnbc's jasmine crom. >> as you mentioned, she has fought this case from the very beginning and she has managed to stay out of prison a very long time but as of 12:30 p.m. central, she's an inmate at the women's federal prison camp in bryan, texas. it's known as club fed. martha stewart served here. real housewife jen shaw is serving here. she'll have no privacy for the first 90 days. she'll be working in the kitchen making about 12 to 40 cents an hour. after that, she can work as a grounds keeper or janitor at the facility. this is a far cry from her life in california. former employees i've stayed in touch with tell me this day has been a long time coming and they feel like she's finally being held accountable. >> this is a long prison sentence. 11 years. what's the message the federal government is trying to send regarding this sort of fraud? this sort of conspiracy and why? >> it is a stiff sentence. the idea of fake it until you make it, the idea of success is no more. between elizabeth holmes and trevor of nicola, there's no longer this idea of jump off the cliff and b
joining me now is cnbc's jasmine crom. >> as you mentioned, she has fought this case from the very beginning and she has managed to stay out of prison a very long time but as of 12:30 p.m. central, she's an inmate at the women's federal prison camp in bryan, texas. it's known as club fed. martha stewart served here. real housewife jen shaw is serving here. she'll have no privacy for the first 90 days. she'll be working in the kitchen making about 12 to 40 cents an hour. after that, she...
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if those requirements changed of course, insurers would be selling cheaper policies contessa brewer, cnbc business news >> here to talk more about california's impact on the insurance providers and the industry, let's bring in manage making director and senior equity analyst in the insurance sector this has been an exciting year for insurance. we had stocks doing so well for a while and now obviously this huge news that for california. was it totally unexpected or did you have a sense it was coming >> we've seen other carriers pull back on business. ness most recently allstate did the same thing state farm did, pulling back on writing new policies in california and chubb has also done some actions as well over the years. so it is an area prone to natural disasters that carriers are reacting to higher frequency of loss and more severity from inflation. >> and so two huge everyday everywhere types of priors where do people turn to for insurance, how expensive is that insurance now? because what are the state regulators going to say, no, you can't raise prices people are literally leaving th
if those requirements changed of course, insurers would be selling cheaper policies contessa brewer, cnbc business news >> here to talk more about california's impact on the insurance providers and the industry, let's bring in manage making director and senior equity analyst in the insurance sector this has been an exciting year for insurance. we had stocks doing so well for a while and now obviously this huge news that for california. was it totally unexpected or did you have a sense it...
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few people on cnbc mentioned it like i did crowdstrike is generative ai you can ask the simplest question, how vulnerable are my applications and charlotte ai will provide the answers and the solutions. so it's real when you talk about crowdstrike and you identify it as a company that will be a leader in cybersecurity generative ai. >> "grade my tradeisp xt e u t minutes i think i'm ready for this. heck ya! with e*trade you're ready for anything. marriage. kids. college. kids moving back in after college. ♪ finally we can eat. ♪ you know you make me wanna...♪ and then we looked around and said, wait a minute, this isn't even our stroller! (laughing) you live with your parents, but you own a house in the metaverse? mhm. cool...i don't get it. here's to getting financially ready for anything! and here's to being single and ready to mingle. who's ready to cha-cha?! ♪ yeah, yeah ♪ ♪ ♪ >>> "grade my trade. carrie, you'reup first from jeff, home depot is almost 16% of my portfolio. should i trim a few shares and put it into pfizer, what do you think? >> jeff, 16% is too heavy a we
few people on cnbc mentioned it like i did crowdstrike is generative ai you can ask the simplest question, how vulnerable are my applications and charlotte ai will provide the answers and the solutions. so it's real when you talk about crowdstrike and you identify it as a company that will be a leader in cybersecurity generative ai. >> "grade my tradeisp xt e u t minutes i think i'm ready for this. heck ya! with e*trade you're ready for anything. marriage. kids. college. kids moving...
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i'm silvana hanao from cnbc. wall street is set to open higher after the white house and house republicans struck a tentative deal this weekend to raise the debt ceiling, and congress could vote on the measure as soon as tomorrow. although there are still a few hurdles to clear and lawmakers have until june 5th to pass the measure before the government potentially runs out of cash to pay the country's bills. the market closing higher on friday, posting gains for the week. in focus, we get data on home prices and consumer confidence. a cybersecurity firm says a popular android screen recording app has spied on its users, stealing microphone recordings and other documents from phones and the firm found that the app called i-recorder screen recorder introduced a malicious code almost a year after it was listed in the google play store and the code allowed it to upload a minute of audio from a device's microphone every 15 minutes, and access documents, web pages and media files. the app is no longer listed in google
i'm silvana hanao from cnbc. wall street is set to open higher after the white house and house republicans struck a tentative deal this weekend to raise the debt ceiling, and congress could vote on the measure as soon as tomorrow. although there are still a few hurdles to clear and lawmakers have until june 5th to pass the measure before the government potentially runs out of cash to pay the country's bills. the market closing higher on friday, posting gains for the week. in focus, we get data...
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debt ceiling deal student you're watching "squawk box" and this is cnbc. this is the all new, all electric lucid air. a car that goes as far as it does fast. as sleek as it is... spacious. as smart... as it is beautiful. introducing the lucid air. experience the best. ♪ >>> all right. welcome back, everybody. i want to talk about the fed and the broader economy. joining us to do just that is john taylor. he is professor of economics at stanford university and senior economics fellow at the hoover institution. s of course, he's a former undersecretary at the treasury department john, let's talk about the taylor rule for just a moment. part of the taylor rule is that when you've got inflation that is above target, the fed should be raising rates they have done a lot of rate raising lately we haven't gotten inflation back to the target. do you think they need to do more or is there something of a lag effect do you think they should have a pause this time around >> i think they need to do a little bit more. we've been at 25 for a little while. a little bit m
debt ceiling deal student you're watching "squawk box" and this is cnbc. this is the all new, all electric lucid air. a car that goes as far as it does fast. as sleek as it is... spacious. as smart... as it is beautiful. introducing the lucid air. experience the best. ♪ >>> all right. welcome back, everybody. i want to talk about the fed and the broader economy. joining us to do just that is john taylor. he is professor of economics at stanford university and senior...
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here at cnbc global headquarters. here is the "five@5. the deal president biden looking to rally around the debt ceiling agreement. we are live in washington. >>> and stocks in the u.s. appearing to be on board with the deal as lawmakers and investors return from the long weekend. >>> and different story for turkey the lira slumping to new lows on the re-election of erdogan the latest on the development in a moment. >>> and nvidia looking to keep stock surge rolling. announcing deals to cash in on the big a.i. boom. >>> and last, but not least, we kickoff the special series putting the spotlight on stocks and potentially set to pop into the summer and if it will be a blockbuster summdeal for the studios. you are watching the "worldwide exchange" here on cnbc >>> good morning welcome to "worldwide exchange." hope you enjoyed the long weekend. i'm frank holland. let's start with the check of the futures. investors return from the weekend and looking at futures and seeing moves to the upside here if the markets were to open now, the dow open
here at cnbc global headquarters. here is the "five@5. the deal president biden looking to rally around the debt ceiling agreement. we are live in washington. >>> and stocks in the u.s. appearing to be on board with the deal as lawmakers and investors return from the long weekend. >>> and different story for turkey the lira slumping to new lows on the re-election of erdogan the latest on the development in a moment. >>> and nvidia looking to keep stock surge...
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. >>> still ahead here cnbc joins us live with this morning's business headlines as well as an early look at the markets, which are rising following the latest headlines about that debt ceiling deal. we'll be right back with that. ceiling deal we'll be right back with that. power e*trade's easy-to-use tools, like dynamic charting and risk-reward analysis help make trading feel effortless. and its customizable scans with social sentiment help you find and unlock opportunities in the market. e*trade from morgan stanley. with powerful, easy-to-use tools, power e*trade makes complex trading easier. react to fast-moving markets with dynamic charting and a futures ladder that lets you place, flatten, or reverse orders so you won't miss an opportunity. e*trade from morgan stanley (cheering) imagine you're doing something you love. rsv could cut it short. rsv is a contagious virus that usually causes mild symptoms, but can cause more severe infections that may lead to hospitalizations, in adults 60 and older - and adults with certain underlying conditions, like copd, asthma, or congestive he
. >>> still ahead here cnbc joins us live with this morning's business headlines as well as an early look at the markets, which are rising following the latest headlines about that debt ceiling deal. we'll be right back with that. ceiling deal we'll be right back with that. power e*trade's easy-to-use tools, like dynamic charting and risk-reward analysis help make trading feel effortless. and its customizable scans with social sentiment help you find and unlock opportunities in the...
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here at cnbc global headquarters. here is the "five@5. the deal president biden looking to rally around the debt ceiling agreement. we are live in washington. >>> and stocks in the u.s. appearing to be on board with the deal as lawmakers and investors return from the long weekend. >>> and different story for turkey the lira slumping to new lows on the re-election of erdogan the latest on the development in a moment. >>> and nvidia looking to keep stock surge rolling.
here at cnbc global headquarters. here is the "five@5. the deal president biden looking to rally around the debt ceiling agreement. we are live in washington. >>> and stocks in the u.s. appearing to be on board with the deal as lawmakers and investors return from the long weekend. >>> and different story for turkey the lira slumping to new lows on the re-election of erdogan the latest on the development in a moment. >>> and nvidia looking to keep stock surge...
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May 30, 2023
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cnbc is reporting that musk will meet with senior chinese leaders and visit the tesla plant as tesla grapples with intensified competition with chinese automakers .. this will be thehe firirst t tr thee country f for musk inn thr years. >>> there is something in the water of italy's famamous grand canall in veninice. the water suddenly turned fluorescent green yesterday. speculatioion of the culprit rangnges from large alglgae bloo climate activivists who havave targetining i italian cultural s recently. police and health officials are invevestigating. itit comeses as t the cityy is celebrating an annual boat event that promotes the protection of the natural environment. >>> california's great snow melt has some people believing they may strike it rich. gold hunters in the sierra foothills are optimistic because some of them are convinced with this winter's heavy rain and snowfall more rushing water will led to a new miniature gold rush. it's happening because of the movement of more boulders and sediment bringing up new gold from the bottom of waterways. still some long timers say t
cnbc is reporting that musk will meet with senior chinese leaders and visit the tesla plant as tesla grapples with intensified competition with chinese automakers .. this will be thehe firirst t tr thee country f for musk inn thr years. >>> there is something in the water of italy's famamous grand canall in veninice. the water suddenly turned fluorescent green yesterday. speculatioion of the culprit rangnges from large alglgae bloo climate activivists who havave targetining i italian...
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May 29, 2023
05/23
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joining me now is cnbc senior analyst, congressional continue, julie tsirkin, and nbc news white house correspondent, al -- allie raffa. i want to read a few notable things. jason fuhrman, the former deputy director of obama's national council says the fed will be happy. the economy needs cooling off and this takes pressure off interest rates in accomplishing cooling off. a jpmorgan chase analyst says the agreement could function as the equivalent of a quarter point increase in interest rates in terms of helping to restrain inflation, and ben harris, a former deputy treasury secretary says the most important impact is the stability that comes with having a deal. markets can function knowing that we don't have a cataclysmic debt ceiling crisis looming anymore. so, ron, explain that to us. explain what they're talking about. >> so katy, i'm going to take answer number three as the most accurate one. i just think avoiding a debt ceiling debacle will calm financial markets, and quite frankly, the stock market rallied into the last couple of days of last week in anticipation of a deal being
joining me now is cnbc senior analyst, congressional continue, julie tsirkin, and nbc news white house correspondent, al -- allie raffa. i want to read a few notable things. jason fuhrman, the former deputy director of obama's national council says the fed will be happy. the economy needs cooling off and this takes pressure off interest rates in accomplishing cooling off. a jpmorgan chase analyst says the agreement could function as the equivalent of a quarter point increase in interest rates...
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May 29, 2023
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stay with cnbc (laughing) may the best japanese car win. (clanking) (laughing) (intense music) ♪ we got it, we got it, yeah! (robert) all right, come on, back up, guys, back up! -back up! -watch out! -tonight... -hey! i didn't give you the car! -i really appreciate it. -...on jay leno's garage... -yes! -...we're dreaming big. you look like you're on mob wives. whether it's an eye-catching paint job... i got on the local news in kentucky. (jay) ...seeing an iconic car... this is the actual car. i can't believe that you've brought it here.
stay with cnbc (laughing) may the best japanese car win. (clanking) (laughing) (intense music) ♪ we got it, we got it, yeah! (robert) all right, come on, back up, guys, back up! -back up! -watch out! -tonight... -hey! i didn't give you the car! -i really appreciate it. -...on jay leno's garage... -yes! -...we're dreaming big. you look like you're on mob wives. whether it's an eye-catching paint job... i got on the local news in kentucky. (jay) ...seeing an iconic car... this is the actual...
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May 29, 2023
05/23
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there you go. 25 years ago on cnbc. another emerging market -- the next president of africa's most populous country will be sworn into nigeria. he won with 37% of the vote. let's bring in our own bloomberg african correspondent. you were there for the election. the inauguration is now. what is the state of the country? >> as you mentioned, 37% of the vote is what he secured which means he will be the first president in this country's history to secure the presidency with under 50%. when we talk about the state of the country you look at how divided it is and we are still seeing opposition parties in the courts trying to challenge the presidency. despite this he is still going to be and argue rated today as the 16th president of nigeria. a lot of people are pointing to the fact that because of the low voter turnout and how little he secured for the presidency, he has a lot to do to not just repair their fragmented economy and the fragmented parties and communities in nigeria but also on the global stage. investors are wa
there you go. 25 years ago on cnbc. another emerging market -- the next president of africa's most populous country will be sworn into nigeria. he won with 37% of the vote. let's bring in our own bloomberg african correspondent. you were there for the election. the inauguration is now. what is the state of the country? >> as you mentioned, 37% of the vote is what he secured which means he will be the first president in this country's history to secure the presidency with under 50%. when...
SFGTV: San Francisco Government Television
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May 29, 2023
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and appeared on cnbc and fox news. most reasonable louded a leader on models for hiring. people with criminal record and public safety throughout employment. and the elementary school called him a big deal. jeff, welcome. thank you very much will appreciate this introduction. this is a morning of great insparation the economy is no different. left year remember our view was out liar in the industry. we believed that we would not have a recession in 2022 not all the problems would be solved but that we would have time to address the issues. and i'm sorry to tell that you we are running out of time. and this is most evidence in the pace of inflation in the u.s. a charge of core inflation the many measure and this charter will vertical gray periods of recession the 2020 recession. and you will see is that we were in a stable inflation environment low inflation environment prior to 2020 as we know coming out of the pandemic we had inflation. and made improve am but stalled and stalled levels of inflation that will keep our federal reserve and central bankers keeping the foot
and appeared on cnbc and fox news. most reasonable louded a leader on models for hiring. people with criminal record and public safety throughout employment. and the elementary school called him a big deal. jeff, welcome. thank you very much will appreciate this introduction. this is a morning of great insparation the economy is no different. left year remember our view was out liar in the industry. we believed that we would not have a recession in 2022 not all the problems would be solved but...
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May 27, 2023
05/23
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continuar pagando la hipoteca incluso si algo le llega a suceder >> para telemundo soy silvana con cnbc tu dinero es tu futuro >> un nuevo reporte el área de la pradería, según esto 700 personas perdieron sus trabajos esto según una documentación federal mucho de los recortes impactarán a las oficinas en san francisco >> otros recortes impactarán a los empleados >> palco deportivo es patrocinado por el pollo supremo >> primero que nada primera temporada completa en san josé es el príncipe >> tú llegas a tomar la posición de un compatriota tuyo con tu decisión de venir >> buena mucho porque siempre uno trata de ver lo máximo que puede ver posibilidad de ir tuve la oportunidad de hablar con él bastante para ver cómo era llamas la liga todo eso entonces sí vi bastante información y bueno creo que te quede más tranquilo veremos acá presente >> que te convence del proyecto porque ahora comienza la temporada nueva pero llegaste un momento complejo del equipo que es lo que te convenció de poder venir? >> me convenció la llamada porque pude hablar directamente con el, ella
continuar pagando la hipoteca incluso si algo le llega a suceder >> para telemundo soy silvana con cnbc tu dinero es tu futuro >> un nuevo reporte el área de la pradería, según esto 700 personas perdieron sus trabajos esto según una documentación federal mucho de los recortes impactarán a las oficinas en san francisco >> otros recortes impactarán a los empleados >> palco deportivo es patrocinado por el pollo supremo >> primero que nada primera temporada...
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May 27, 2023
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cnbc reports tech layoffs are targeting teams that fight online misinformation and hate speech. engineers at meta spent a year and a half developing a fact-checking tool that would enhance facebook's credibility, but the layoffs this year scuttled the entire program. similar cutbacks reportedly happening at other large tech companies, too. this comes as fears over bullying, cyber bullying, misinformation, and artificial intelligence continue to intensify. >>> the family of a man shot by a san francisco police officer is calling on district attorney brooke jenkins to move forward with those charges. the family was joined by community activists outside the hall of justice, saying the case against officer kenneth cha has been delayed too long. cha and his partner responded to a call and they say pepper sprayed. cha shot him. he died a few years later from health applications. the family says moore suffered from mental illness and believe officers mishandled the encounter. cha was charged in 2021 but the case has seen little progress since then. >> if he never gets charged, i can't
cnbc reports tech layoffs are targeting teams that fight online misinformation and hate speech. engineers at meta spent a year and a half developing a fact-checking tool that would enhance facebook's credibility, but the layoffs this year scuttled the entire program. similar cutbacks reportedly happening at other large tech companies, too. this comes as fears over bullying, cyber bullying, misinformation, and artificial intelligence continue to intensify. >>> the family of a man shot...
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May 26, 2023
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next, taking stock with mike santoli starts right now >>> welcome to the cnbc special taking stock i'm mike santoli jim cramer is off tonight. stocks jumping as we're getting closer to the debt ceiling investors try to make sense of the moves on wall street and in washington, tonight, we'll dig into the week that was and what's ahead for the market coming up. debt ceiling deadline, the white house an
next, taking stock with mike santoli starts right now >>> welcome to the cnbc special taking stock i'm mike santoli jim cramer is off tonight. stocks jumping as we're getting closer to the debt ceiling investors try to make sense of the moves on wall street and in washington, tonight, we'll dig into the week that was and what's ahead for the market coming up. debt ceiling deadline, the white house an
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May 26, 2023
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cnbc is celebrating asian american pacific islander heritage here is a founder of kinsey capital partners >> i feel very fortunate to have grown up an american but also with a deep appreciation of my korean roots. when i started my career in finance i didn't look like everyone else and found i was often misunderstood and underestimated but i learned to take a seat at the table and contribute by finding my voice and using it. i have found strength in the asian american community which has given me support and confidence, especially as i went off to launch my own company each of us has our own superpower and it's up to you to use that power to create success on your own terms. (vo) this is more than glass and steel... and stone. it's awe. beauty. the measure of progress. it's where people meet people. where cultures and bonds are made between us. where we create things together. open each other's minds. raise each other's ambitions. and do together, what we can't do apart. this is space for dreams. loopnet. the most popular place to find a space. ♪♪ the only thing i regret about my life
cnbc is celebrating asian american pacific islander heritage here is a founder of kinsey capital partners >> i feel very fortunate to have grown up an american but also with a deep appreciation of my korean roots. when i started my career in finance i didn't look like everyone else and found i was often misunderstood and underestimated but i learned to take a seat at the table and contribute by finding my voice and using it. i have found strength in the asian american community which has...
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May 26, 2023
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fortunate to meet many investors in companies over the last few weeks including at the summit -- the cnbc summit, and i found a huge divergence between how investors think we're already in a recession and companies that are managing through this really well saying, they prepared for recession last year, and they cut inventory or slowed hiring, and that recession is not happening they have to start going into early mode and expanding because they've really been on a huge, strict diet for the last 18 months >> i know you fancy yourself a market historian too, and i know you're well versed on the history of the market. now how do you think about that question to tom, his answer relative to '99 and now? >> i think that we're probably earlier innings in this whole part of an upcycle over a potential bubble in ai than 1999 maybe we're a few years before that, meaning that we are seeing the earnings deliver, and you're not at the point where all the tide is lifting any boat that has anything to do with ai or not even close to ari. the thing with bubbles to remember is they can last a lot longer
fortunate to meet many investors in companies over the last few weeks including at the summit -- the cnbc summit, and i found a huge divergence between how investors think we're already in a recession and companies that are managing through this really well saying, they prepared for recession last year, and they cut inventory or slowed hiring, and that recession is not happening they have to start going into early mode and expanding because they've really been on a huge, strict diet for the...
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May 26, 2023
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. >> morgan brennan joins us with today's cnbc's "money minute." >> well, jpmorgan is laying off a thousand employees of defunct lender first republic bank. they took over the failed regional bank a few months ago and offered new roles to nearly all of the 7,000 first republic employees. now the employees who are not part of the transition have been notified that they will be let go. >>> "the wall street journal" meantime, is revealing that a record-breaking $279 million whistle-blower reward stemmed from a bribery case against telecommunications company ericsson. the s.e.c. didn't identify the tipster or how the information may have been used in enforcement prosecution. >>> ford and tesla have agreed to a partnership giving ford owners access to tesla's nationwide charging infrastructure. under the agreement announced by ford ceo's jim farley and tesla's ceo elon musk on thursday on twitter, current ford owners will be granted access to more than 12,000 tesla superchargers across the u.s. and canada starting early next year and, guys, that news supercharging the stocks, as well. both of th
. >> morgan brennan joins us with today's cnbc's "money minute." >> well, jpmorgan is laying off a thousand employees of defunct lender first republic bank. they took over the failed regional bank a few months ago and offered new roles to nearly all of the 7,000 first republic employees. now the employees who are not part of the transition have been notified that they will be let go. >>> "the wall street journal" meantime, is revealing that a...
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May 26, 2023
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. >> the other think we're wondering -- there's about to be an ai special on cnbc. what the implications are going to be for ai on the u.s. economy, on the labor force, on productivity have you begin wondering about that people are wondering if that helps us escape a recession. we've seen that help the market. >> we're looking into that and like everybody else we're saying this thing is moving so fast that there's risk to fall behind we're analyzing the positive impact that is going to create advancements in so many areas of the economy. we are also looking at the risks. our broad conclusion is that we need to be much more proactive in defining how we are tapping into opportunities and managing the risks. at this point in time, this is left in the hand of a small number of companies and these are good people. they are -- they mean well for the world, but it shouldn't be just that small group defining our collective future. you know that the fears are gigantic you also know that the expectations for benefits are huge and everything in between we are looking systemati
. >> the other think we're wondering -- there's about to be an ai special on cnbc. what the implications are going to be for ai on the u.s. economy, on the labor force, on productivity have you begin wondering about that people are wondering if that helps us escape a recession. we've seen that help the market. >> we're looking into that and like everybody else we're saying this thing is moving so fast that there's risk to fall behind we're analyzing the positive impact that is going...
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. >> a plus b equals -- >> you referenced this, the becky quick cnbc interview with warren buffett in which he lambasted the company but chuckled and said we'll see what happens. we're seeing what is happening byron trott, michael dell getting together there is value in the company but the only way to unlock it is in a transaction >> is that what you're playing for? >> yes >> if you own paramount and you've listened to jim talk about the stock for months if not years, that is either that or bust? >> i don't think it's bust but there's no share price >> i don't mean so literal as bust >> this was something i thought they can go in on their own and really thrive. they're not going to really thrive they need a partner with pockets. they need cost synergies they could raise there are a lot of reasons and 16 million to disney plus. >> i paid $16. the price it's at right now, that's bust. the value of the content is quite valuable, it's worth something, it's probably worth $15 a share. >> okay. united health and cvs overweight at piper sandler united health $5.80. sechan you first a great '
. >> a plus b equals -- >> you referenced this, the becky quick cnbc interview with warren buffett in which he lambasted the company but chuckled and said we'll see what happens. we're seeing what is happening byron trott, michael dell getting together there is value in the company but the only way to unlock it is in a transaction >> is that what you're playing for? >> yes >> if you own paramount and you've listened to jim talk about the stock for months if not...
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May 26, 2023
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cnbc reporting trademark products called index gpt will help customers select investments tailored to their specific needs. narrowing the annual for workday, measuring demand for software that helps businesses handle hr related tasks. coming up, how is ai impacting the travel industry? we will talk more with the choice hotels ceo. this is bloomberg. ♪ ii just booked an appointment and a certified hearing care professional evaluated my hearing loss and helped me find the right device calibrated to my unique hearing needs. now i enjoy every moment. the quiet ones and the loud ones. make a sound decision. call 1-800 miracle now, and book your free hearing evaluation. caroline: welcome back to bloomberg technology. thank about the way in which you get through an airport. other fees worth it now that the tsa lines are getting faster. lines have been backing up with annoyed travelers citing a lack of staff and clumsiness in escorting to checkpoints. let's stay in the travel industry and take a look at how generative ai can transform it. choice hotels ceo brian kirkland joins us now. how h
cnbc reporting trademark products called index gpt will help customers select investments tailored to their specific needs. narrowing the annual for workday, measuring demand for software that helps businesses handle hr related tasks. coming up, how is ai impacting the travel industry? we will talk more with the choice hotels ceo. this is bloomberg. ♪ ii just booked an appointment and a certified hearing care professional evaluated my hearing loss and helped me find the right device...
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May 26, 2023
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american exchanges are noticeably growing at this moment , cnbc sources and reuters say that the white house and the republicans are close to an agreement to raise the national debt ceiling for another 2 years. the russian stock market also leaves for the weekend on a positive note. today , the shares of the magnet and gazprom were noticeably trembling, after the drawdown in the previous days , the ruble found a convenient place to drive it out of there . again, somewhere around 80 rubles. euro on the basis of trading, 85-68. the head of sberbank german gref proposed to radically revise the ways to support small and medium-sized businesses in russia, but he acted as a support for russia, one of the main measures, according to gref, to simplify and standardize obtaining loans , the share of small and medium-sized businesses in the russian economy in the twenty -first year was only 20%, but gref sees there is potential for at least twofold growth. the head of the bank praised the government and said that its actions to support businesses during the pandemic allowed increasing the share o
american exchanges are noticeably growing at this moment , cnbc sources and reuters say that the white house and the republicans are close to an agreement to raise the national debt ceiling for another 2 years. the russian stock market also leaves for the weekend on a positive note. today , the shares of the magnet and gazprom were noticeably trembling, after the drawdown in the previous days , the ruble found a convenient place to drive it out of there . again, somewhere around 80 rubles. euro...
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May 26, 2023
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i'm contessa brewer with your cnbc update. a russian missile hit a clinic from the ukrainian city killing two and injuring at least 30 the country's defense ministry called that air strike a serious war crime under the geneva convention the russian defense ministry said it carried out an overnight strike but targeted ammunition depots moscow dismissed allegations that it deliberately targeted civilians. >>> the vatican says pope francis skipped meetings today because he's sick with a fever no other details given about his illness. the pope is still scheduled to preside over a mass on sunday. >>> and you think you had a bad flight on an airline flight in south korea, a guy on board opened the door midflight look at this south korean officials say all the passengers had their seat belts on because the plane was about to land. nobody got seriously hurt. the airline says the man was sitting next to the emergency door when he just opened it about 650 feet above the ground. the plane did land safely, but, boy, that's a story that yo
i'm contessa brewer with your cnbc update. a russian missile hit a clinic from the ukrainian city killing two and injuring at least 30 the country's defense ministry called that air strike a serious war crime under the geneva convention the russian defense ministry said it carried out an overnight strike but targeted ammunition depots moscow dismissed allegations that it deliberately targeted civilians. >>> the vatican says pope francis skipped meetings today because he's sick with a...
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May 26, 2023
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joining us now with more is cnbc's dominic chu. good to see you. what does this inflation data tell us about the economy and then tell us about the stock market today. >> so, the good news right now is that the pace of pricing increases, it is still stubbornly high as you point out, but it is slowing down. the numbers you just showed, that's the so-called core personal consumption expenditures index. it does not, by the way, does not include food and energy. if you put food and energy back into the mix, prices still rose by .4% and 4.4% for the year. kind of year over year basis. the report, though, showed that food prices fell actually modestly during the month, that's a good sign. but energy prices increased at a higher rate. now, what this data also shows us is that something many of us have already witnessed or feel intuitively. america is getting back to normal post covid pandemic. during the last few years, people saw the price of goods go up at a lot more than services, right? now we're seeing services prices rise at a much faster pace than
joining us now with more is cnbc's dominic chu. good to see you. what does this inflation data tell us about the economy and then tell us about the stock market today. >> so, the good news right now is that the pace of pricing increases, it is still stubbornly high as you point out, but it is slowing down. the numbers you just showed, that's the so-called core personal consumption expenditures index. it does not, by the way, does not include food and energy. if you put food and energy...
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May 26, 2023
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by the way, if you missed faber's full sit down with musk don't miss a special encore monday on cnbc that begins at 1:00 p. stn me 'lbe.meaertiwel right back. good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back. ♪♪ ♪ a bunch of dead guys made up work, way back when. ♪ ♪ it's our turn now we'll make it up again. ♪ ♪ we'll build freelance teams with more agility. ♪ ♪ the old way of working is deader than me. ♪ ♪ we'll scale up, and we'll scale down ♪ ♪ before you're six feet underground. ♪ ♪ yes, this is how, this is how we work now. ♪ >>> we're always lucky to get santoli for a full hour. >> 6:00 tonight, a special taking stock, finish up the week this way and see if we have a debt ceiling deal to talk about. >> you hav
by the way, if you missed faber's full sit down with musk don't miss a special encore monday on cnbc that begins at 1:00 p. stn me 'lbe.meaertiwel right back. good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td...
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May 26, 2023
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wood told cnbc nvidia was a good stock that would check the box a.i. company the valuation at the time, she thought, was very high i wonder what she thinks now >> probably wishes she did not sell. >> maybe maybe it is too high and this is a hyped cycle a.i. bubble? >> she would not be the only person to think that with a jump like that in one day not something you almost ever see. >>> jpmorgan chase is developing a chatgpt like software service that leans on a.i. to select infi - investment for customers in the filing, jpmorgan chase said the product would tap cloud software with a.i. for analyzing and selecting securities other big banks have been internally testing a.i. software for uses like customer service and creating code. jpmorgan chase may be the first financial company aiming to tailor the product to customers. a trademark lawyer tells cnbc that jpmorgan chase must launch the product within three years of approval to secure the trademark. jpmorgan chase declined to comment. andrew, you can't get away from chatgpt and a.i. >> a lot of smaller
wood told cnbc nvidia was a good stock that would check the box a.i. company the valuation at the time, she thought, was very high i wonder what she thinks now >> probably wishes she did not sell. >> maybe maybe it is too high and this is a hyped cycle a.i. bubble? >> she would not be the only person to think that with a jump like that in one day not something you almost ever see. >>> jpmorgan chase is developing a chatgpt like software service that leans on a.i. to...
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at cnbc global headquarters. here is the "five@5. closing in on a deal the reports from the white house and speaker mccarthy are nearing the end. >>> and nvidia's rise to new records across the tech space and one high profile etf apparently left on the sidelines. >>> and putting a bow in retail results. a look at the stocks with the most staying power in retail. >>> plus, red tea and the next ev road trip. >>> and silicon valley is a buzz with a.i., but one wall street bank wants in on the trend it is friday, may 26th, 2023 you are watching "worldwide exchange" here on cnbc >>> good morning welcome to "worldwide exchange." i'm frank holland. let's kickoff the half hour with the stock futures. a muted picture. nasdaq higher. s&p and dow are lower. a mixed bag heading into the final day of trading before the long holiday weekend we check on the bond market. we begin with the 10-year treasury benchmark at 3.79. continues to be elevated closer to the x date. the 2-year treasury at 4.5%. yesterday, it was a few points lower. the yields ar
at cnbc global headquarters. here is the "five@5. closing in on a deal the reports from the white house and speaker mccarthy are nearing the end. >>> and nvidia's rise to new records across the tech space and one high profile etf apparently left on the sidelines. >>> and putting a bow in retail results. a look at the stocks with the most staying power in retail. >>> plus, red tea and the next ev road trip. >>> and silicon valley is a buzz with a.i., but...
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. >>> time now for business, and for that let's bring in cnbc's joumanna perseche who joins us live from london. good morning. investors are looking ahead to the next round of inflation data. give us a preview as to what we should expect. >> so far the data out of the u.s. has been holding up. yesterday we had an upward revision to the first quarter gdp showing the first quarter grew 1 percentage points and high than the 1% initial estimate. we also had jobilous claims come in line with expectation that the u.s. labor market continues to hold up despite the acceleration we're seeing elsewhere. one of the key indicators we're going to be watching out for is this pce number, the personal consumption expenditure, which is the fed's preferred tool to assess inflation in the economy. we'll also get personal spending numbers. marketwise stocks are mixed. we continue to see some downward pressure on the s&p and dow as we get closer and closer to that debt ceiling time line in that june 1st is the deadline you've been talking about. but nasdaq, the tech heavy index, is one that continues to outp
. >>> time now for business, and for that let's bring in cnbc's joumanna perseche who joins us live from london. good morning. investors are looking ahead to the next round of inflation data. give us a preview as to what we should expect. >> so far the data out of the u.s. has been holding up. yesterday we had an upward revision to the first quarter gdp showing the first quarter grew 1 percentage points and high than the 1% initial estimate. we also had jobilous claims come in...
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May 26, 2023
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at cnbc global headquarters. here is the "five@5. closing in on a deal the reports from the white house and speaker mccarthy are nearing the end. >>> and nvidia's rise to new records across the tech space and one high profile etf apparently left on the sidelines. >>> and putting a bow in retail results. a look at the stocks with the most staying power in retail. >>> plus, re
at cnbc global headquarters. here is the "five@5. closing in on a deal the reports from the white house and speaker mccarthy are nearing the end. >>> and nvidia's rise to new records across the tech space and one high profile etf apparently left on the sidelines. >>> and putting a bow in retail results. a look at the stocks with the most staying power in retail. >>> plus, re
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May 26, 2023
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that's according to a report from cnbc. it would use artificial intelligence to analyze and select securities that are tailored to customers' needs. jpmorgan is one of many companies to embrace a i after the success of chat gpt, but it may be the first to release an ai service to its customers. coming up on the 11 o'clock news tonight, thousands of people will be heading up to wine country tomorrow for the bottle rock music festival what to expect at this year's event? also, we're tracking your holiday weekend forecast. chief meteorologist bill martin will tell us what to expect coming up later in this newscast, but up first west coast rap that's coming up in 90 seconds, and we'll tell you about the arrest that was made in southern cali rnia. after a eenage ♪ ♪ every day, businesses everywhere are asking. is it possible? with comcast business...it is. is it possible to help keep our online platform safe from cyberthreats? so we can better protect our customer data? absolutely. can we provide health care virtually anywhe
that's according to a report from cnbc. it would use artificial intelligence to analyze and select securities that are tailored to customers' needs. jpmorgan is one of many companies to embrace a i after the success of chat gpt, but it may be the first to release an ai service to its customers. coming up on the 11 o'clock news tonight, thousands of people will be heading up to wine country tomorrow for the bottle rock music festival what to expect at this year's event? also, we're tracking your...
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May 25, 2023
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nvidia own it don't trade it that's been my mantra both for the show and the cnbc investing club other than apple it's the only stock i've ever said that about in decades and today you saw why. yes, today nvidia soared 24%. ♪ hallelujah ♪ or $75 the largest single one-day move in the history of large capitalization stocks. it's a reminder that even in the choppiest of markets which we have some companies can transcend the madness even of washington and if they do well enough they can color the whole tape that's how we ended up with a day where the dow dipped 35 points, s&p dipped .8% but the tech heavy nasdaq went up 1.8%, aided yes by nvidia and its multibillion-dollar companies. there are so many companies that work with this company lots of people asked me how i knew to anoind nvidia as own it don't trade it along with apple. first, before anybody accuses m before they became great for the charitable trust but i've also picked some stocks that i'm not proud of and the pain they inflict -- >> the house of pain >> -- is with me day and night i own up to any loser, though. and you
nvidia own it don't trade it that's been my mantra both for the show and the cnbc investing club other than apple it's the only stock i've ever said that about in decades and today you saw why. yes, today nvidia soared 24%. ♪ hallelujah ♪ or $75 the largest single one-day move in the history of large capitalization stocks. it's a reminder that even in the choppiest of markets which we have some companies can transcend the madness even of washington and if they do well enough they can color...
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May 25, 2023
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little money my job's not just to entertain you but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. nvidia own it don't trade it that's bee
little money my job's not just to entertain you but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. nvidia own it don't trade it that's bee
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May 25, 2023
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trim or not to trim that's the question as nvidia hit all-time highs joe taranova and stephanie link, cnbc contributors. great to have everybody with us. nvidia is your third largest position when you saw the move in the stock, what was your reaction and now you've had time to digest all this. what are you thinking now? >> let me start with when i saw the revenue guidance, i almost fell off my chair. the move in the stock was largely given the revenue guidance differential and it was to be expected i think what we're seeing today is a discovery move in nvidia. when you have a discovery move it's something brand new to the market people are finally understanding the $300 billion opportunity that nvidia has laid out and how they can get there in my opinion, the opportunity is so big, it's bigger than any other market that we see today >> you went into today, joe, saying -- not you, but collectively -- man, the valuation is too big, the stock is more than double heading into the number yesterday it was 300 bucks yesterday at this very moment it was near 400 after the earnings came out. the st
trim or not to trim that's the question as nvidia hit all-time highs joe taranova and stephanie link, cnbc contributors. great to have everybody with us. nvidia is your third largest position when you saw the move in the stock, what was your reaction and now you've had time to digest all this. what are you thinking now? >> let me start with when i saw the revenue guidance, i almost fell off my chair. the move in the stock was largely given the revenue guidance differential and it was to...
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May 25, 2023
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pippa, thank you >>> the cnbc newsup date >>> the most conservative members of the republican party are telling house speaker mccarthy to take a tougher stance in debt ceiling negotiations 35 members of the house freedom caucus wrote today to urge mccarthy to hold out for a deal with many of the republicans' top priorities as mccarthy said the sides are coming to a deal ahead of the june 1st deadline >>> the white house releasing a comprehensive plan to cou counterantisemitism across the united states. has divided america's society and threat enings democracy. >>> and a new study from the national institute of health is looking to understand the effects of long covid, it's some of the first reer is frch the billion-dollar recover program and finds the common long covid symptoms still many are calling for more research for the unexplained symptoms like brain fog tyler, back to you. >> thank you very much >>> let's see here, ahead on "power lunch" the higher rates not matter most expected higher rates to cause a major slowdown but yet on the housing front toll brothers said he's surprised
pippa, thank you >>> the cnbc newsup date >>> the most conservative members of the republican party are telling house speaker mccarthy to take a tougher stance in debt ceiling negotiations 35 members of the house freedom caucus wrote today to urge mccarthy to hold out for a deal with many of the republicans' top priorities as mccarthy said the sides are coming to a deal ahead of the june 1st deadline >>> the white house releasing a comprehensive plan to cou...
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May 25, 2023
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. ♪ ♪ >>> welcome back to "the exchange," everybody i'm tyler mathsen with your cnbc news update at this hour the founder of the oath keepers extremist group was sentenced to 18 years in prison for orchestrating a plot that culminated in his followers attacking the capitol on january 6th, 2021 he's the first person to be sentenced for seditious conspiracy, the longest in the cases so far >>> a car collided with the gates of downing street in central london where the prime minister's home and offices are located. that set off a rapid security response that resulted in the arrest of a man for dangerous driving. there norths, happily, of any injury >>> and ukrainian president volodymyr zelenskyy made a surprise appearance at the john hopkins commencement to speak to the graduating class, saying that time is the most valuable resource kelly, back to you >> tyler, thanks >>> coming up, three key names did nvidia set the bar too high? and we saw elle beauty post a jump in sales. don't go anywhe.er our customers don't do what they do for likes or followers. their path isn't for the casually cur
. ♪ ♪ >>> welcome back to "the exchange," everybody i'm tyler mathsen with your cnbc news update at this hour the founder of the oath keepers extremist group was sentenced to 18 years in prison for orchestrating a plot that culminated in his followers attacking the capitol on january 6th, 2021 he's the first person to be sentenced for seditious conspiracy, the longest in the cases so far >>> a car collided with the gates of downing street in central london where...