There are a lot of billionaires in California with their hair on fire right now calling this the end of California because of this tax, which let's let's break down the facts. So, this is a tax that would be a one-time tax of 5% on the total wealth of any billionaire in California. Now, this has not gotten on the ballot yet.So, number one, you have to get the signatures to get on the ballot. Number two, it has to get a majority of the voters in November to pass on that ballot. And three, and this is the mos ...

This is a huge story with a huge price tag. The Wall Street Journal reporting Facebook founder Mark Zuckerberg has bought a $150 million home in Florida. The palatial estate is in the super exclusive Indian Creek area.It kind of makes Zuck say semi neighbor with fellow zillionaire Jeff Bezos along with Carla, Ivanka Trump, Jared Kushner, Tom Brady, and more. Now, it's not clear if Zuckerberg is leaving California or just buying a Florida crash pad. Why not.But I did post on X about it last night and noted t ...

Joining us now is Mark Newman, senior analyst at Bernstein. Mark, welcome to you. Um, 15% gain if people are insensitive means it could actually be a boon for Apple, but we have to see how they respond, I guess. >> Yeah, that's right. I mean, I think 15% that's kind of where things are shaking out right now in terms of how much costs are going up based on the huge price increase from memory. And, you know, we think Apple's going to pass those on to consumers. Um, so some consumers may decide to delay the pu ...

TEND TO WREAK HAVOC, ARE CAUSE JITTERS IN SOME POCKETS OF THE MARKET TODAY, WE HAVE AN EXAMPLE OF THE OPPOSITE EFFECT IN THE CHINESE SPACE ACTING AS A CATALYST FOR BROAD RALLIES. DEIRDRE BOSA HAS MORE ON THIS AND WHAT IT MEANS TO INVESTORS, AND WHAT IT MEANS ABOUT THE RACE IN THESE TWO COUNTRIES. DEIRDRE YES.>> IT KIND OF COMES DOWN TO CAPEX IN A NUMBER OF THINGS. I'LL GET INTO THAT. BUT AS YOU SAID, THE MARKET JUST GAVE US A PERFECT EXAMPLE OF THE SPLIT ON THE US SIDE, BROKERAGES, THEY'RE SELLING OFF AFTER ...

take you to the markets, show you what we're doing. At noon in the east, not all that much. Uh, but we have been surging.Dow is right. I'd said record high there. S&P's hanging in by four.NASDAQ's given a little bit back. Retail sales were a miss, a bad miss. Uh, capital econ.They describe it. But stocks continue mostly to go up because we know about this K-shaped recovery. And as UBS says, we believe the backdrop remains favorable, driven by resilient economic growth, supportive Federal Reserve policy, and ...

For more on the economy ahead of the jobs number tomorrow, let's bring in Evercore ISI vice chairman Krishna Guha. Krishna also the head of economics and central bank strategy at Everore. Krishna, it's great to have you back.Thanks for the time. >> Anytime. >> Um the range on tomorrow's numbers kind of wide.There's actually a couple calls for a negative print. I wonder if the revisions might be. Do you think do you think there's risk tomorrow.So, this is uh one of the numbers where estimates are all over th ...

The race to offer cheaper weight loss drugs is running into some legal limits. Tellahalth company Hims and Hers announced a cheaper version of Novo's Waggoi weight loss pill at the beginning of February. Now, it would cost $49 to start, which is far less than the $149 Novo sells the branded pill for, but it pulled the drug after legal and regulatory risks escalated.Now, legally, they're allowed to create a compounded version of a drug if they are saying they're adjusting the formula for quote personalized p ...

When I was in middle school, I heard a uh my basketball my basketball coach say that professional basketball players will close their eyes and visualize themselves making free throws and it increases their stats of how many free throws that they threw that they made. And I just thought that was so fascinating and I'm like how can I translate that into my own life. So, I do a variety of visualization u micromanifestations.Um, one of them is I have an alarm that goes off on my phone three times a day and um a ...

I was not irresponsible when I started kit. And what I mean by that is I wasn't putting it all on red or black. Like I didn't I had other streams of income.I was working side jobs. I was I I what like for example um there was like most people when they have an accessory brand or a fashion brand, they attend these trade shows. The trade shows can cost like $10,000 to do them.And I couldn't afford that. And so what I did was I I called up a showroom and I said,"I will work for you for free and I will sell eve ...

Stripe is lining up a tender offer that would value the company north of $140 billion. Now, that's a 30% jump from its last valuation in September when Stripe bought back shares at a major rebound from the $50 billion that it was worth during its 2023 fund raise. Now, this tender is a way to give employees and early investors liquidity without an IPO.And that's the key here. Stripe is one of the most closely watched public market candidates in tech, but it keeps finding ways to reward shareholders while sta ...