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May 26, 2023
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. >>> a cnbc exclusive with cleveland fed president loretta mester is she ready to call an end to the fight against inflation or does the fed have work to do >>> alli mccartney is with us. saying hope for the best, position for the worst, which might include selling tech. >>> cummins joining the spinoff trend. its tech business going public at the nyc we'll speak with the ceo after successful pricing. >> we've been here before. 4200 s&p has acted as a ceiling for the bulls. not quite intraday for the highs, that would be 12 points higher the ai theme catching fire this week, decent ecodata, resilient consumer, some downtrends in inflation and freight costs, sara, adding to what -- i don't know, not quite goldilocks but going that way. >> we're on pins and needles for a debt ceiling deal. you take into account 72 hours lawmakers have to review the legislation, 24 hours to come back from memorial day recess and before the treasury's x date, which is june 1st, next week there is optimism that we'll get it done today. that's budding against this idea that rates for the fed may have to sta
. >>> a cnbc exclusive with cleveland fed president loretta mester is she ready to call an end to the fight against inflation or does the fed have work to do >>> alli mccartney is with us. saying hope for the best, position for the worst, which might include selling tech. >>> cummins joining the spinoff trend. its tech business going public at the nyc we'll speak with the ceo after successful pricing. >> we've been here before. 4200 s&p has acted as a...
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May 31, 2023
05/23
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. >> yep, mester and i, we both -- our forecast calls for pain, both of us >> i'm from cleveland, drop dead >> jim's referring obliquely to mester here, "we don't see a compelling reason to pause." despite all the deflationary stuff we just talked about >> do you think the goldman layoffs will impress her >> that was another "ft. >> that was "journal." david, this is not rookies these are mds. these people don't realize that. these people are making $600,000 >> one person told "the journal," fewer than 250 >> it's going to help the bottom line >> again, goldman will always say, we got another class starting right now of people coming out of school you got to keep it going >> you think it's just that cut-throat there >> i do. >> really? it was convivial when i was there. >> i'm sure it was >> everyone looking out for each other. >> everybody worked until 11:00 friday night incredibly convivial the test i gave at 11:00 p.m., convivial. the people who finished in the bottom five right on the door? extremely convivial. >> i'm sure it was >> well, david solomon at our ceo council last week
. >> yep, mester and i, we both -- our forecast calls for pain, both of us >> i'm from cleveland, drop dead >> jim's referring obliquely to mester here, "we don't see a compelling reason to pause." despite all the deflationary stuff we just talked about >> do you think the goldman layoffs will impress her >> that was another "ft. >> that was "journal." david, this is not rookies these are mds. these people don't realize that. these...
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May 26, 2023
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. >>> next hour, don't miss an interview with cleveland fed president loretta mester at 11:00 a.m. eastern time as we wonder whether the fed is going to be raising rates in june. it's sof a recalibration of where the market was a few weeks ago on the back of new data including today's showing hotter inflation. stay with us >>> ford making a surprise announcement striking a deal with tesla to gain access to rival charging stations in 2024. joining us to discuss what it means for both companies ceo ross gerber, tesla shareholder and former ford ceo cnbc contributor mark fields. good morning to both of you. mark, how surprised were you about this collaboration >> well, it's a bit surprising, but it's also very, very practical by the ford team they have these products in the marketplace, they have the products coming, and listen, the bottom line is they needed access, widespread access, to super chargers and with tesla having the most super chargers out there, actually a two to one ratio over the other standard, it made it pretty simple for ford to say i'm not going to spend the time w
. >>> next hour, don't miss an interview with cleveland fed president loretta mester at 11:00 a.m. eastern time as we wonder whether the fed is going to be raising rates in june. it's sof a recalibration of where the market was a few weeks ago on the back of new data including today's showing hotter inflation. stay with us >>> ford making a surprise announcement striking a deal with tesla to gain access to rival charging stations in 2024. joining us to discuss what it means...
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May 3, 2023
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they're like the savior of cleveland. they're the bank that you go to in cleveland if you're going to build a building or do a store i think they're vital. i think they're a vital company. >> and these are continued questions we're going to have, then, as to what you do if you're the fdic, and you know, if you were to say there's blanket insurance for everyone, then obviously you create potentially moral hazard, or you have to regulate all the banks truly like utilities >> and you have to cut their profitability dramatically >> you have to cut their profitability or at the same time do you do it for businesses, which really are not looking out for a lot of different things but have a lot of money coming in and out of their regional -- >> how about if you guarantee to 500,000? >> or you could go to 500,000. >> a bank could apply for additional insurance but we can't have what is happening now. >> that said, there is this implied belief that every time they go into receivership, there's going to be a systemic exemption that
they're like the savior of cleveland. they're the bank that you go to in cleveland if you're going to build a building or do a store i think they're vital. i think they're a vital company. >> and these are continued questions we're going to have, then, as to what you do if you're the fdic, and you know, if you were to say there's blanket insurance for everyone, then obviously you create potentially moral hazard, or you have to regulate all the banks truly like utilities >> and you...
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May 25, 2023
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. >>> tomorrow don't miss our interview with cleveland fed president lowretta mester >>> dow down 100 s&p stays positive thanks to nvidia what if you could make analyzing a big bank's data... no big deal? go on... well, what if you partner with ibm and red hat, use a hybrid cloud solution to connect data across multiple systems globally, then analyze all that data with watson. okay, but this needs to meet our... security standards? yup. compliance standards? mm-hmm. so they get the insights they need... yup. in real time... check. . ..to make quick decisions? check. aaaand check. that's the hybrid cloud solution ibm and a global bank created. what will you create? ibm. let's create. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. >>> get a che
. >>> tomorrow don't miss our interview with cleveland fed president lowretta mester >>> dow down 100 s&p stays positive thanks to nvidia what if you could make analyzing a big bank's data... no big deal? go on... well, what if you partner with ibm and red hat, use a hybrid cloud solution to connect data across multiple systems globally, then analyze all that data with watson. okay, but this needs to meet our... security standards? yup. compliance standards? mm-hmm. so...
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May 10, 2023
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. >> cleveland fed was even hotter >> okay, look, you have -- i do a lot of work with utilities i've spoken to utilities for 40 million people in this country, and utilities shows barely down, but natural gas has been cut in half so, i mean, i don't know how i -- i'm stuck with what i do. i had exxon the other day, american electric power, very big transmission companies they're not getting any numbers like this. we can just say that -- i mean, these numbers are not put together by salesforce they're not put together by google they're put together by a group of people who are tabulating, making a lot of phone calls. well, i make a lot of phone calls. i make better phone calls. >> you make better phone calls than the staff -- really >> that's good >> yeah, i do. >> all in one day? >> no. i just do nothing but make these. i've made my life completely miserable in order to be able to do better than they do >> i have witnessed you working when you are not onset and it is a thing to behold. it never ends. this is their job, their full-time job. you're busy talking to jason what's-his-name
. >> cleveland fed was even hotter >> okay, look, you have -- i do a lot of work with utilities i've spoken to utilities for 40 million people in this country, and utilities shows barely down, but natural gas has been cut in half so, i mean, i don't know how i -- i'm stuck with what i do. i had exxon the other day, american electric power, very big transmission companies they're not getting any numbers like this. we can just say that -- i mean, these numbers are not put together by...
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May 2, 2023
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speak to people, they're most concerned that once again a big new york bank got this all the banks in cleveland, cincinnati, omaha, all the heartland banks, they don't know what the standards are they don't know when to lend if you don't know, you're going to do nothing. there's a lot of business done in this country where you just need access to credit and you're not going to get the kind of credit that a lot of big companies get. >> that's why we'll have our eyes peeled on the loan officer survey. >> doesn't the fed have to say, listen, we've got to see what we've done to this country. >> uber up sharply after a narrow-than-expected revenue loss bookings up 19 earlier dara did talk about whether freight rates are beginning to settle out. >> as many goes towards services, people are buying less in retail. freight essentially ships retail so we're seeing prices come down from the historically elevated levels we saw two years ago. it looks like those prices might be settling out. >> so they do guide ahead on q2 ebitda >> we'll bring up marriott the marriott numbers are great uber numbers are gre
speak to people, they're most concerned that once again a big new york bank got this all the banks in cleveland, cincinnati, omaha, all the heartland banks, they don't know what the standards are they don't know when to lend if you don't know, you're going to do nothing. there's a lot of business done in this country where you just need access to credit and you're not going to get the kind of credit that a lot of big companies get. >> that's why we'll have our eyes peeled on the loan...
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May 4, 2023
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want to go over te need of this country to have a key bank chris gorman, who is an excellent banker, a cleveland bank, key, if we decide it's not an imperative -- this is what i went over sunday night -- if we decide it's not an imperative to save key, which is by no means in trouble, then what do we do >> really quick, this gallup poll that shows that nearly half of u.s. adults are worried about the safety of their deposits it's a higher number than '08. do you think that is reasonable? >> yes, i think that if you're a fiduciary, you don't have any choice, because i don't know how you would face the police athletically and you may have $300,000, and they lose $50,000 because they didn't take it out. >> i mean, again, though, every time we're going to have a failure, if we have any more, there's going to be a systemic exemption, and all the deposits will be covered, or it's going to be sold to a bank that takes them over, a la what happened with first republic and jpmorgan, so i don't know how concerned you really should be >> there's no concern except for the fact that these are the fabric of a
want to go over te need of this country to have a key bank chris gorman, who is an excellent banker, a cleveland bank, key, if we decide it's not an imperative -- this is what i went over sunday night -- if we decide it's not an imperative to save key, which is by no means in trouble, then what do we do >> really quick, this gallup poll that shows that nearly half of u.s. adults are worried about the safety of their deposits it's a higher number than '08. do you think that is reasonable?...
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May 1, 2023
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been unable to find the suspect as it appears he may have slipped pastpolice checkpoints outside of cleveland, texas more than 250 officers continue to search on sunday, but the fbi's special agent in charge says they have, quote, zero leads as to the whereabouts. >>> russia launching more missile attacks in ukraine, striking a rail hub in the east of the country ukrainian official said 34 people were wounded and dozens of homes were damaged overnight as russian rockets rained down on the town. the attacks came three days after russia killed 23 civilians with a missile that hit a high rice apartment building in uman. >>> on this international workers day or may day, workers are marching across france against president emmanuel macron and his pension reform plans. workers have taken to the streets again to protest the decision raise the retirement age to 64 from 62. union leaders have encouraged citizens to continue the unrest until macron listens to their demands. back over to you. >> thank you. >>> we are an hour into the trading day. you have the major indexes most of them holding slim gain
been unable to find the suspect as it appears he may have slipped pastpolice checkpoints outside of cleveland, texas more than 250 officers continue to search on sunday, but the fbi's special agent in charge says they have, quote, zero leads as to the whereabouts. >>> russia launching more missile attacks in ukraine, striking a rail hub in the east of the country ukrainian official said 34 people were wounded and dozens of homes were damaged overnight as russian rockets rained down on...