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Trump's idea to buy beef from Argentina will hurt U.S. ranchers, Republican lawmakers warn
CNBC Television· 2025-10-24 14:30
Political Landscape - Congressional Republicans are in disagreement with President Trump regarding cattle imports [1] - The disagreement represents a rare split between Republicans and President Trump [3] - Republicans are concerned about the potential impact on American cattle farmers [1][2] Trade Policy - President Trump considered importing more cattle from Argentina to help Argentina and lower beef prices [1] - The proposed policy change has triggered concern among American cattle farmers [1] Economic Impact - American cattle farmers fear that importing cattle would negatively impact them [1]
Carmelo Anthony weighs in on the sports gambling scandal
CNBC Television· 2025-10-24 14:15
I was talking to Carmelo Anthony. He is actually our CNBC sport video cast guest for next week. But I had to ask him, look, this is going to be the story of the day, the story of the week, the story of the month for you. Carmemelllo Anony's an NBC sports basketball announcer. I'm sure he's going to be talking about this. Then I said, "Look, what is your thoughts on all of this. Do you feel like sports betting affects the integrity of the game. " Take a listen to what he told me. you know, athletes are they ...
Opening Bell: October 24, 2025
CNBC Television· 2025-10-24 14:13
Yeah, and I was going to say some of those names actually recovered from the week's lows, >> right. Uh, look, I think Mattel had had dolls. Not that good.I Walmart and Costco continue to take share. They're doing quite well. I think that my take is is that as long as they're doing well, costs can be held because that will give people a shot in this fight.Let's get the opening bell on this Friday. The CNBC Real Time Exchange and the big board is Gayscale celebrating the listing of its GDLC ETF, the first mul ...
House Minority Leader Jeffries on ending the government shutdown
CNBC Television· 2025-10-24 14:00
We've made clear uh in the House that we will consider anything that emerges from the Senate in good faith in a bipartisan way uh that both reopens the government while at the same time addresses this healthc care crisis and extends the Affordable Care Act tax credits in a meaningful way. The uh 90% or so of the people who benefit from these Affordable Care Act tax credits make $63,000 per year or less. And a significant number of small businesses and entrepreneurs across the country rely upon the affordabl ...
Watch CNBC's full interview with House Minority Leader Hakeem Jeffries
CNBC Television· 2025-10-24 13:49
House Minority Leader Rep. Hakeem Jeffries (D-N.Y.) joins 'Squawk Box' to discuss the ongoing federal government shutdown, sticking points in negotiations between Democrats and Republicans, fate of the ACA subsidies, his thoughts on the NYC mayoral race, and more. ...
Google and Anthropic announce cloud deal worth tens of billions of dollars
CNBC Television· 2025-10-24 13:44
So, Anthropic just signed a massive cloud deal with Google, locking in access to up to a million of Google's custom in-house chips in a partnership worth tens of billions of dollars. Now, they're also a big Amazon customer. That company has invested 8 billion dollars into Anthropic, banking on its success in the Gen AI race.So, now one of the most important AI companies in the world is quietly backed by both tech giants, and it's using their chips together. Claude, its chatbot runs across Google's TPUs, Ama ...
P&G CEO Jon Moeller on Q1 2026 results: 40th consecutive quarter of organic sales growth
CNBC Television· 2025-10-24 13:40
Proctor and Gamble out with first quarter results um for 2026. Uh earnings of $1.99% uh beat estimates of $1.90%. Revenue 22.4% billion beat estimates of 22.2% billion.The company affirming its fullear guidance. Volumes were flat over the prior year. Pricing was up 1%.Uh joining us now with uh what will be we figure uh unless something changes his last u interview with us as CEO on earnings Proctor and Gamble's John Mhler. Uh he is stepping down as CEO on January 1st taking the role of executive chairman. I ...
Inflation rate hit 3.0% in September, lower than expected, long-awaited CPI report shows
CNBC Television· 2025-10-24 13:30
CPI Data Analysis - Headline CPI increased by 0.3%, slightly below expectations [1] - Core CPI, excluding food and energy, also increased by 0.2%, less than the anticipated 0.3% [1] - Year-over-year CPI stands at 3%, exceeding the previous reading of 2.9% [1][2] - Year-over-year CPI excluding food and energy is also at 3%, a slight decrease from the prior 3.1% [2] Market Reaction - Interest rates are declining while stocks are rising, attributed to the CPI figures being lower than expected [2] Fed Perspective - The current CPI figures are still above the Federal Reserve's target of 2% [2] - The market sentiment suggests a slowing labor market, potentially influencing future Fed rate cuts [4] - The current CPI data may not strongly indicate that the Fed is nearing its target [4]
September CPI report: What it means for the Fed's rate outlook
CNBC Television· 2025-10-24 13:05
Michael Kopoulos, Richard Bernstein, advisers, deputy chief uh investment officer, David Seif, no more chief economist uh for developed markets. All right, General, who wants to who wants to start. So, this is probably Dave, this is probably about what you were expecting, is it not.>> Yeah, it's even a little bit softer. Um and so that that's great news for the Fed in terms of uh their ability to to cut in October, which didn't really seem that much in doubt, but also to follow the dot plot in December. uh ...
Sen. James Lankford: The shutdown has a very real effect for a lot of families
CNBC Television· 2025-10-24 13:01
The government shutdown is now in its 24th day. She's got like eight home. And the shutdown and so do you. >> And the shutdown will Massachusetts, California, Colorado.>> Can I read this, please. Cincinnati. >> The shutdown's going to extend in next week.The Senate has left town uh for the weekend without a deal. Why even stay after yesterday. Can't even pay the uh federal employees.Joining us now for the latest, Senator James Langford of Oklahoma. Uh he's vice chair of the Senate Republican Conference. I w ...