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Senate committee advances Congressional stock trading ban
CNBC Television· 2025-07-30 16:44
Some news in Washington. Emily Wilkins with a news alert from Congress. Emily.Hey Sarah. Well, a Senate panel just approved legislation that would ban members of Congress, the president and the vice president from selling and trading stocks. Now, this has advanced through a Senate committee uh with all Democratic support and all but one Republican, Senator Josh Holly, opposed the bill.So, Holly and the Democrats moved to pass it. However, strong Republican opposition means it might not really stand a chance ...
Ambiq CEO: AI product lines are what we'll enable the most
CNBC Television· 2025-07-30 16:41
Money Mover is getting set for Ambic to make its trading debut here at the New York Stock Exchange. After raising 96 million in its IPO, this company specializes in ultra- low power semiconductors for AI across end markets like healthcare, industrial, automation, and wearable devices. One of several high-profile tech names to go public in recent weeks.And joining us right here at Post 9, we have Ambic CEO Umei Asaka. Um, thanks for joining us. >> Thank you for having me.>> All right, we were just talking du ...
Teva CEO: Our supply chain puts us in a strong position
CNBC Television· 2025-07-30 16:40
Financial Performance - Teva Pharmaceuticals reported an earnings beat in Q2 and raised revenue guidance for the year end [1] - Teva's innovative drugs grew by 27% this quarter [3] - AJOVY grew at 31%, AUSTEDO is up 120%, and AJOVY is up 22% in the US [7] - AUSTEDO is expected to achieve $2 billion in sales this year and is growing at 22% in the US [9] - The company is focused on paying down debt, growing the top line, and increasing profitability to achieve investment grade [11][12] - Earnings per share are up [12] Market Dynamics and Pipeline - Tariffs could put pressure on drug makers and their manufacturing overseas [1] - Approximately 43% of branded drugs sold in the US come from Europe, and about 18% of generics [2] - Teva has limited exposure to tariffs emerging from China and India due to its supply chain [4] - Teva is transforming from a pure play generics player to a biopharma player [13] - Teva plans to file lanzipene with the FDA towards the end of this year, bring a treatment for asthma to market in 2027, and a treatment for oscillitis and Crohn's disease to market in 2028-2029 [15]
Starbucks COO on why hospitality is the answer to the company's challenges
CNBC Television· 2025-07-30 16:30
Given all of the value offerings right now across the restaurant sector, quite frankly, uh, within coffee, Lucken is now offering $2 ice coffees and lattes. Why is hospitality the answer to the challenges that Starbucks is facing right now. Look, we have 7,700 drive-throughs in America.We've got a a digital business, which is 31% which is doing really healthy. We we have the third place. We going to get ready to go into Uplifts, which will start to remodel and bring the comfort back into the experience.That ...
Robinhood heads into earnings on Wall Street hot streak
CNBC Television· 2025-07-30 16:19
Welcome back to Money Movers. Take a look at Robin Hood. It shares have surged 400% over the past year.So, what could be the next growth driver for the company. Our Mackenzie Sagalos is looking into that ahead of earnings this afternoon. McKenzie, >> hey Frank.So, Robin Hood heads into earnings on one of Wall Street's hottest streaks. Shares are up 177% this year after nearly doubling in 2024, pushing its market cap past $90 billion and making it the top performing large cap US tech stock. Now despite that ...
Mondelēz CEO: Cocoa prices have been 'unprecedented'
CNBC Television· 2025-07-30 16:12
Welcome back. Shares of Manderly are under pressure this morning. Despite the company beating earnings and revenue estimates while the company reiterated guidance, it does include a 10% hit to EPS due to cocoa cost inflation.Organic growth and gross margins also falling short of expectations. Joining us in an exclusive interview is Manderly's chairman and CEO Dirk Bandut. How would these results and h how would the environment be different if we didn't have this crazy cocoa price inflation.>> Well, it it wo ...
LIVE: Federal Reserve Chair Jerome Powell speaks on interest rate decision — 7/30/2025
CNBC Television· 2025-07-30 16:12
Federal Reserve Chairman Jerome Powell delivers remarks following the Fed's two-day policy meeting on Wednesday. Investors will parse Chair Jerome Powell’s comments at the press conference for insights into the path of monetary policy. President Trump has tried to pressure the central bank leader to bringing down borrowing costs. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: h ...
Gary Cohn: Snapshot of the economy looks good, but there are warnings below the surface
CNBC Television· 2025-07-30 16:04
Economic Overview - The economy presents a strong headline snapshot, but closer inspection reveals concerning underlying data [1][2] - GDP reading shows 3%, largely a reversal from the first quarter [1] - The economy is basically at full employment, satisfying one of the Fed's dual mandates [1] Consumer Spending & Investment - Consumer spending is described as "okay" rather than strong [1] - Investment number was down 15% [1] - Consumer-driven companies are not having robust quarters, indicating consumers are feeling the pinch [9] Labor Market - Jolt data indicates a loss of 280,000 jobs in the system [1] - There were 260,000 less hires last month [1] - 150,000 less people quit their jobs, suggesting a less optimistic view of the economy [1] Inflation & Pricing - PCE and CPI numbers were warm, slightly higher than expected, but within an acceptable range [1] - Import numbers offset each other, from -4.7% to +5% [1] - Costs will ultimately be passed down to the consumer, as companies will not decrease their profit margins [4][5] Company Performance Indicators - UPS is a good indicator of e-commerce activity and last-mile delivery performance [8][11] - Starbucks numbers reflect consumer discretionary spending [8] - Whirlpool numbers indicate consumer willingness to upgrade appliances [9]
Could China's Luckin coffee threaten Starbucks in the U.S.?
CNBC Television· 2025-07-30 16:00
How should we think about the emergence of Lucken and its emergence here in the US. >> Well, what's interesting about Luck, you only have a couple of stores open so far in New York, right. What's interesting about it is that is primarily a mobile pickup based concept, right.It's distinct from Starbucks, which is telling you sort of coming into stores that employee connection is is still important. Lucken doesn't necessarily have that, right. So, I think our view would be that that isn't a broader threat to ...
Hershey CEO Michele Buck: Consumers have placed value on 'emotional wellbeing' our products deliver
CNBC Television· 2025-07-30 15:51
Hershey beating on the top and bottom lines despite raising estimates estimated sorry fullear costs of tariffs to between 170 and 180 from between 15 and 20 million. A bittersweet earnings call for CEO Michelle Buck planning to step down very soon August 18th joining us exclusively on CNBC for a final broadcast interview as Hershey CEO. Michelle Buck, welcome.It's good to have you. It's it's been good to have you throughout, you know, your tenure as as CEO, Michelle, but just on on this current quarter, I'm ...