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AI disruption fears rattle stocks
CNBC Television· 2026-02-11 17:06
Brokerages are the latest victims of AI disruption fears underperforming along with software names. But this new warning going viral on X suggests that some still may be underestimating the scale of the upheaval that's coming our way. Our dear DBosa is talking about that in today's tech.Hey D. >> Hey Carl. So that post was viral and we should add it was divisive.It comes from Matt Schumer, an AI startup CEO. It's his honest version of what's happening in AI. He says he just describes what he wants built, wa ...
Job market impact from immigration policy 'doesn't make any sense,' says Treasury's Joseph Lavorgna
CNBC Television· 2026-02-11 16:56
For more on the jobs report, let's bring in Joe Leornia, counselor to the US Treasury Secretary. It's good to have you, Joe. I mean, clearly th this was a good number.What do you think it indicates as far as where we go from here. >> Thank you, Sarah. It was a very good number.You talked about the goods part of the economy. What might be getting lost on people is when you look at GDP, which has been growing about 4% in the full three quarters President Trump's been in office, it's actually been led by the g ...
FAA abruptly lifts order halting El Paso flights: Here’s what you need to know
CNBC Television· 2026-02-11 16:55
The FAA abruptly lifting its order halting El Paso airport flights for 10 days. Philippo has the details. So now what, Phil? >> Uh, interesting day, Sarah. It started early this morning when the FAA instituted the flight ban on the airspace over El Paso, including the El Paso airport, uh, which meant that you had no commercial flights. That has been lifted. They lifted it shortly before 8 a.m. Central time. uh I think El Paso Central or or 7 am mountain time early relatively early in the day. Here's what th ...
Lyft CEO says consumer is showing 'no softness' as stock slides after earnings
CNBC Television· 2026-02-11 16:45
So, the consumer is really strong and I just love watching this because what happens is, you know, we're part of people's lives millions of times every single day. Four million times a day, people open the Lyft app and they generally like what they see, right. Which is why we had record bookings, why we and accelerated bookings actually, uh we have record profits, uh generating over a billion dollars in cash and that's a result of our customer obsessed strategy which just keeps working and growing the compa ...
BitGo CEO Mike Belshe: The latest bitcoin downturn doesn't bother me too much
CNBC Television· 2026-02-11 16:42
BitGo CEO Mike Belshe joins CNBC's Morgan Brennan live from Bitcoin Investor Week in NYC to discuss the latest dip in Bitcoin, integrating AI with digital assets, the importance of the Clarity Act, and more. ...
Shopify president on 'how the world will shop with AI'
CNBC Television· 2026-02-11 16:15
We co-developed the universal commerce protocol with Google. This is an open standard for any AI agent to connect with any brand. It's the it's the protocol that covers the full commerce journey.We also built a Gentic storefront so our merchants can instantly turn on AI shopping. And what it does do is it syndicates billions of products through our entire catalog to every major AI platform. Google AI mode, Gemini, ChatGBT, Microsoft Copilot, and some of our brands like Monos and Gym Shark, Skims Neverland, ...
Shopify President Harley Finkelstein on Q4 results: 2025 was company 'at full throttle'
CNBC Television· 2026-02-11 15:36
Shares of Shopify have turned lower this morning after some pre-market gains. The global commerce company missing expectations on earnings, but better than expected growth and a $2 billion stock buyback program. Joining us this morning exclusively is Shopify President Harleystein.Harley, welcome back. Good to have you. >> Good to be here, Carl.Always love jumping on here right after I get off the earnings call. Yeah, it's been an interesting sort of wrestling match where you're obviously growing GMV at 31, ...
SOLV Energy CEO on IPO debut: We're the largest provider of energy services to solar and storage
CNBC Television· 2026-02-11 15:34
apply artificial intelligence >> SOLAR AND BATTERY ENERGY STORAGE FIRM SOLVE ENERGY SET TO MAKE ITS PUBLIC MARKET DEBUT TODAY. LISTING ON THE NASDAQ GLOBAL MARKET UNDER THE TICKER SYMBOL MW. MEGAWATT HOUR COMPANY PRICING ITS IPO AT $25 A SHARE, THE TOP END OF THE MARKET RANGE, SOL, RAISED MORE THAN HALF $1 BILLION IN ITS IPO.AND JOINING US NOW IS GEORGE HIRSCHMAN. HE IS THE CEO OF SOLVE ENERGY BASED OUT THERE JUST NORTH OF SAN DIEGO. GOOD TO HAVE YOU ON SET.GREAT. THANKS TO BE HERE. I THINK THE QUESTION FOR ...
Sen. Markwayne Mullin on DHS funding fight: Not sure what the Democrats' endgame is
CNBC Television· 2026-02-11 15:34
Another government shutdown is looming. Yes, once again with no agreement on Capitol Hill over DHS funding, the deadline to make a deal is going to be Friday. Joining us now, Senator Mark Wayne Mullen, the Republican of Oklahoma.Senator, we want to get to all that, but first, we want to get your response to all of this reports this morning about the El Paso airport closing for a special security reason. We don't have a lot of information. I don't know if you've heard anything, if you know anything, but but ...
U.S. payrolls rose by 130,000 in January, more than expected; unemployment rate at 4.3%
CNBC Television· 2026-02-11 15:30
Hi, good morning, Kelly. Yes, it's job job jobs Wednesday. Not necessarily a Friday, but every bit as important.Non-farm payrolls for January coming in twice expectations at 130,000. 130K. That would be the juiciest going back to April of last year when it was 158.Now, if we look at a couple of months worth of revision, they came in at minus7,000. Now let's look for average hourly earnings month overmonth up 4/10en that's onetenth higher than both looking back and looking forward 4/10 would equal October la ...