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What another Dodgers World Series win could mean for baseball payrolls
CNBC Television· 2025-10-24 21:26
Well, tonight is game one of the World Series with the Toronto Blue Jays facing the Los Angeles Dodgers. Dodgers are defending champs with a roughly $350 million payroll. So, what would another Dodgers victory mean for the sport.Let's bring in Alex Sherman. Alex, RIP Moneyball. >> Yeah, I mean, John, the biggest business story around baseball next season is going to be should baseball implement a salary cap at the end of the year, that's when their collective bargaining agreement runs out.Major League Baseb ...
What to know about JPMorgan's crypto strategy
CNBC Television· 2025-10-24 21:18
But now JP Morgan is allowing clients to pledge Bitcoin and Ether as collateral for loans. Lesie Picker is joining us now with details. Hi Lesie.>> Hey Morgan. Yeah, in chatting with sources familiar with the matter. I'm told it's still early days and for now the concept is limited to the firm's trading business.JP Morgan's trading business has for a few months now accepted IBID, the ETF, as a form of collateral, which it sees as less volatile as the underlying currency. However, I'm told that certain hedge ...
September CPI report 'cements a rate cut,' says Renaissance Macro Research's Dutta
CNBC Television· 2025-10-24 21:05
So, with today's inflation report, can we add rate cuts to the list of bullish market indicators and will that keep this rally going. Well, joining us now is Renaissance Macro Research head of US economics Neil Duta and Evans May wealth managing partner Brooke May. Great to have you both both here.And Brooke, I'm going to kick this conversation off with you because so far earning season has been incredibly strong when you look at these beat rates much much higher than we've seen uh previously and and histor ...
JPMorgan upgrades Coinbase, says stock still cheap despite 40% rally this year
CNBC Television· 2025-10-24 21:02
Mackenzie Sagalas is here on the rally in Coinbase. Phil Leau is tracking the action in Ford. Mac, we begin with you on coin.Coinbase shares are up around 10%, Scott, after JP Morgan upgraded its rating to overweight and raised its price target to $44, citing new opportunities and an attractive valuation. Now, the bank saying the stock still looks undervalued compared to other public crypto companies like Circle and Bullish. One key catalyst here, how Coinbase is monetizing USDC, that dollarback stable coin ...
I think you're going to see a crypto rally into year end, says Fundstrat's Tom Lee
CNBC Television· 2025-10-24 20:48
So, Bitcoin rising back above 110,000 this week and the NASDAQ posted a record close. So, is this a sign that the risk on trade is back in full force. Well, let's ask one of the biggest bulls on the street, Funstrats, Tom Lee.Tom, happy Friday. So, we're up more than 15% year-to- date for the S&P, probably more than you expected in late spring. At the same time, we had this government shutdown, tariff headaches.So why are you why should investors be more bullish on risk assets the market overall than they w ...
S&P is not overvalued and end of the year rally is on, says 3Fourteen's Warren Pies
CNBC Television· 2025-10-24 20:38
Warren Pies, 3Fourteen Research, joins 'Closing Bell' to discuss how far stocks can continue to rise, the power of the retail investor and much more. ...
Market has foundation for a continued rally, says Neuberger Berman's Shannon Saccocia
CNBC Television· 2025-10-24 20:36
All right, Shan. I mean, it's pick your pick your spot, right. We're We could close above 6,800 on the S&P. We could close above 2500 on the Russell, and we are going to close above 47K on the Dow.>> Yeah, it's it's really the so what shutdown story, Scott. We're moving into another week of a government shutdown and yet, you know, we got the the the data release we needed, right. The inflation data release, which continues to be supportive of what the Fed wants to do.They want to make they haven't seen that ...
Dow rallies 400 points for first close above 47,000 ever following mild inflation report
CNBC Television· 2025-10-24 20:19
Stocks soaring to record highs on the back of a delayed CPI report showing inflation was inflation was softer. I guess you say cooler than expected. The Dow closing above 47,000 for the first time.Record closes for the S&P 500 and the Nasdaq as well. And today's gain putting all the major averages into the green for the week. Gains of 2% across the board.Six of the MAG seven stocks higher today with the exception of Tesla. A big week for Apple. The stock hitting an all-time high, getting close to $4 trillio ...
Market wants change from promise to profit in megacap tech earnings, says Plexo Capital's Lo Toney
CNBC Television· 2025-10-24 20:14
It's a big one. All of the most important mega cap tech companies and then Nvidia a little bit after that, but it's going to be big. For more on what to expect, let's welcome in Lo Tony.He's Plexo Capitals founding managing partners. Good to see you. Welcome back.>> Thanks for having me. >> How do you think next week's going to unfold. >> Well, I think it's going to be a bell weather for sure because we've had so much spend.It's almost like a space race with over $300 billion in capex on mostly AI infrastru ...
Survey shows respondents are confident in retirement amount but not factoring inflation, healthcare
CNBC Television· 2025-10-24 20:10
All right, we got two key data points out today that affect your finances. Inflation hit 3% annual rate in September, and based on CPI data, Social Security benefits will increase 2.8% next year for more than 71 million Americans. But a lot of people have not factored in inflation or government benefits into their retirement planning.Sharon Eper joins us now with some exclusive reporting on these survey reports. Uh that the results that show not only it's an issue in the US, but it's an issue for investors ...