We have some breaking news, some new reports on the US preparing to seize more oil tankers off the coast of Venezuela. Aean Jabers is here with the details from the White House. Aean, >> Kelly, yeah, let me walk you through it.First of all, Caroline Levit, the White House press secretary, just told reporters in a briefing here at the White House a short time ago that the US does intend to seize the oil on the tanker that has already been secured. That tanker will be moved to a US port. She said uh that offi ...

Bring in show music, please. >> Hi, I'm CNBC producer Katie Kramer. Today on Squawk Pot, the Fed moves. It's the day after the central bank made its third quarter point rate cut this year with a strong dose of caution about the economy. >> We don't know. He's they're waiting to see what happens both with the labor market and with inflation. >> Senator Elizabeth Warren on the Fed's future under new leadership, still TBD. The president is looking for someone who will do his bidding and with political implicat ...

Shares of Disney are hired today after they struck a big deal with open AI. And while hundreds of creatives, actors, musicians, and writers have all expressed copyright concerns about the technology, Disney CEO Bob Iger telling CNBC exclusively earlier today that this agreement actually protects IP. >> We're licensing about 200 characters for users of Sora to create their own basically videos using Sora.and those characters. We are not including name and likeness, nor are we including character voices. And ...

Autonomous Driving Technology & Strategy - Rivian is developing its own chip for autonomous driving (AV) and artificial intelligence, a multi-year process requiring significant capital and a capable team [2][3][4] - The decision to vertically control hardware at the chip level aims to build a more efficient system and achieve higher performance at an affordable cost [4] - Rivian is focusing R&D spending on self-driving/autonomy, considering it the biggest spend category [7] - Rivian is demonstrating point-to-point full self-driving capability as a first step, with plans for future growth [8] - Rivian is aiming for level four autonomy, which would allow vehicles to drive empty without a driver [11][13] - Rivian is initially focused on personal level four vehicles, given that 99% of miles driven in the United States are in personally owned vehicles, but is open to exploring ride-sharing applications [11][12] Vehicle Development & Market Positioning - Rivian is launching the R2, a lower-priced vehicle starting at $45,000 [8] - Rivian emphasizes the importance of leading technology in lower-priced vehicles like R2 and R3 [9] - The R1S is the most popular premium electric vehicle in the United States due to its technology, brand positioning, and product features [9] Market Perception & Financial Considerations - Morgan Stanley questions Rivian's ability to keep up with the hype cycle regarding autonomous vehicles and whether it has sufficient capital for continued investments [5] - Rivian focuses on the long-term horizon, building technology for high levels of self-driving, including the hardware platform, data architecture, and data flywheel [6][7]

My next guest isn't worried. He does say 2026 will be the year of a proud bowl, not a stampeding one. Joining us now is Chris Heisy, the chief investment officer for Mel and Bank of America private bank. Chris, I'm not that up on my western metaphors. So, please uh explain what you see happening here. >> Yeah, it's great to be with you, Kelly. I I would say this. A proud bull is one that looks back and says, "Look at all the hard work we did not just in the last 12 months, but really almost the last 36 mont ...

Hi, Kelly. Well, analysts do expect the chipmaker to beat and raise. Honestly, everyone is incredibly bullish on this company, and that's because of surging demand specifically for custom chips it makes for Google.That momentum helps explains why Broadcom, you said shares are down today, but if you look at it over just a two-month period, shares have jumped 25% while Nvidia essentially flatline. You can see down negative 2%. But these particular chips, they're called TPUs or tensor processing units and they ...

If the crypto crowd was hoping for a rate cut bump yesterday, they haven't exactly gotten it. Bitcoin is down 3% today. It's around 90K.You can feel it's kind of on a knife edge there. Some riskoff sentiment following Oracle's earnings last night, not helping either. But it's not just a today story, of course.Bitcoin is down more than 20% over the past 3 months. But my next guest says no mind. He sees the crypto market still growing 10 to 20x over the next decade.No sweat. And he just launched a new crypto ...

The demand for Disney characters in particular from our users is sort of off the charts. So, I won't rule out anything in the future, but we think this alone is going to be a wonderful start uh for what our customers want to do when it comes to, you know, putting themselves in that one lightsaber scene from uh lightsaber fight from Star Wars or making like a a Buzz Lightyear custom birthday video for their kid. Uh I think this is going to be like quite a big deal for our users and then we can uh we can reev ...

For more, let's bring in Alex Caneritz, the founder of Big Technology and a CNBC contributor, and Gil Laura, who is an analyst at DA Davidson. Welcome to both of you. Alex, how significant are the OpenAI announcements today.>> They're pretty significant, and that is because OpenAI is now taking a strategic pivot in a way where they were previously really focused on consumer, now they're all in on enterprise. I have some reporting that earlier this week, Sam Alman sat with heads of New York publications and ...

And right now, more breaking news on the chat GPT front. Let's get straight to Mackenzie Sagalos with the details. Mac.Hey, Kelly. So, OpenAI has just unveiled GBT 5.2%, which it's billing as its most advanced frontier model yet for everyday professional use. Better at things like long multi-step tasks such as coding, spreadsheets, document analysis with far fewer hallucinations.According to the engineers who built it, now it's rolling out both in the consumer chatbot and via the API for enterprise customer ...