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Eli Manning on the NCAA's transfer portal
CNBC Television· 2025-07-25 16:01
And I'm fine with players getting paid. Um, it's more the transfer stuff. It's more the, hey, you know, go earn it.You know, don't pick your college based on who someone's going to pay you a little bit more money if it's not a a situation where you're going to be happy. You don't like your teammates, you don't like your coaches, you it's far from home. All the things that, you know, come into the decision making of where you're going to college are being ignored now.And it's no, you know, surprise that afte ...
Former Ford CEO: Volkswagen is one of the most tariff-exposed vehicle makers
CNBC Television· 2025-07-25 15:54
independence. >> Volkswagen, the latest company hit by tariffs. The automaker cuts its full year forecast, now saying it took a $1.5% billion tariff hit in the first half of the year.Reuters also just reporting, EU officials say a deal with the U. S, a trade deal could happen as soon as this weekend. Joining us now is former Ford CEO and a CNBC contributor, Mark fields, also a senior adviser at TPG.Mark, 80% of VW sales in the US come from imported vehicles. So what do you do if you're Volkswagen. >> Well, ...
Luxury and the 'K-shaped' economy
CNBC Television· 2025-07-25 15:53
Louis Vuitton, the latest luxury name to report results, giving us some clues about how how the high-end consumer is holding up. Robert Frank is here with that story. Better than the low-end consumer, right.>> Certainly. And it was really interesting stock action this morning with LVMH. It was down initially.Now it's bouncing back after that initial fall. And that's because it was a weak quarter for the world's largest luxury company. Overall sales down 4%.Its core fashion and leather goods. That's the big ...
Crypto under pressure this week
CNBC Television· 2025-07-25 15:46
I can do that. >> Let's get a check on crypto today. Bitcoin prices sliding a bit overnight after a big runup in July, as you know, ahead of both the Fed meeting and long-awaited crypto policy report on Wednesday.According to the administration's crypto task force, that report will be a set of recommendations around potential regulation ahead, including the feasibility of a strategic national stockpile of crypto. And speaking of Bitcoin, Tesla disclosing in its earnings this week that its digital asset hold ...
OMB Director Russell Vought: This is not a pressure campaign on Fed Chair Powell
CNBC Television· 2025-07-25 15:45
You can only answer the question so many times and the president has done that. He's asked repeatedly, "Do you intend to to to fire the Fed chairman?" He said, "No, it's not likely. I have no intention of doing that right now." And this is about ensuring that the Fed has the the accountability of the American people knowing what's going on. Does the president have viewpoints. Yes, he does have viewpoints.The American people get to have a say in what they believe the Fed should do. the president get believes ...
Niles Investment Management founder Dan Niles on what to expect for tech earnings
CNBC Television· 2025-07-25 15:41
Welcome back. NASDAQ coming off another record close and big tech will be front and center again next week. Meta, Microsoft, Apple, Amazon report quarterly results.Niles investment manager management founder Dan Niles joins us now with his outlook. It's it's good to see you Dan. So how how would you be positioning given we've seen such strong runups and but now some good reports from the likes of Alphabet and others into next week.Well, I mean, I think you're seeing it in the stock reactions where even if n ...
Apollo's Torsten Slok: We don't want a weak dollar, we want a weaker dollar
CNBC Television· 2025-07-25 15:28
Let's get some reaction from Apollo Global Management's Troy Stan Sllock who joins us here uh at uh Post9. Happy Friday T. Good to see you.Were you able to hear some of the president's comments. Heard all of it. What what's your initial reaction.Well, I think he's absolutely right on the dollar as Sarah was just saying we don't want a weak dollar, we want a weaker dollar. So the point here he's making and he make through all the macroeconomic reasons why a dollar going down is good for manufacturing. It's g ...
President Trump says most trade deals will be done by August 1
CNBC Television· 2025-07-25 15:00
That is the president a few moments ago outside the White House talking about a number of issues. His meeting with the Fed chair yesterday, prospect of a weaker dollar, Gaza, Macron, uh hostage deal potentially. Uh but maybe most importantly, Megan Cassella would be this notion about a deal with trade between the US and the EU. He put it at 50/50 and maybe a little bit less. >> Yes, Carl. That's what I thought was the biggest headline from here, too. given that we know talks with the EU are ongoing. They're ...
President Trump: 50/50 chance of deal with the EU
CNBC Television· 2025-07-25 14:55
Lot to lot to look for there. Uh let's take President Trump in the Oval taking questions or getting ready to go to Scotland actually. Dollar fallen so much.And are you concerned about that. Well, you know, uh I'm a person that likes a strong dollar, but a weak dollar makes you a hell of a lot more money. Hate to tell you.I don't know if you study it, but I study it. And if you look at the yen, I went to Canada and work, so I know this. You understand.Absolutely. Oh, you did go to bed. I went to work yesterd ...
Trump says he believes Powell is ready to start lowering rates
CNBC Television· 2025-07-25 14:51
I I think that Jerome Powell I think we had a very good meeting forgetting about the building that's out of control and all that but I think we had a very good meeting on interest rates and he said to me now I don't know if he's going to say this on Thursday or when they every speak but he said to me very strongly the country is doing well he said congratulations the country is doing really well and I got that to mean that I think he's going to start recommending lower rates. ...