The co-CEOs of Netflix telling investors yesterday they're quote super confident the deal with Warner Brothers Discovery will close citing market share against streamers as a key reason. Our Drew Debos is digging into that for today's tech check. This is a little complex but important to understand.D >> it is. So you're right Carl regulators they're going to fixate on the giant that Netflix and Warner Brothers would create but the real outlier is YouTube and it may actually be Netflix's best shot at getting ...

because I'm here with Bruce Flat, the CEO of Brookfield. Thank you, Bruce, for joining us today. Um, so the new partnership that Sarah just outlined, that's part of a new strategy aimed at investing in infrastructure broadly, uh, tied to AI.You have 10 billion in equity through your own balance sheet and third party investors, including Nvidia. Um, and along with co-investments in debt, you plan to build and acquire as much as a hundred billion dollars worth of AI infrastructure. Um, this of course is again ...

CNBC exclusive is the founder and CEO [music] of 21 Capital, Jack Mowers. Jack, welcome. Good to have you.>> Thanks for having me, guys. How are you. >> I'm good.Largest here, but third largest total in terms of corporate Bitcoin treasuries. >> That's right. >> And how did this all start.>> Oh, the company's co-founded by Tether and I. So, I was I was telling you before we aired, there's not too many people that were around in Bitcoin 13 years ago. Tether and I were some of those folks.And we co-founded the ...

Let's get to the broader market ahead of tomorrow's Fed decision. Joining us now is Piper Sandler chief investment strategist Michael Cananteritz. Michael was ranked Excel's top portfolio strategist for the second year in a row.Michael, thank you for joining us. So, so do you expect the gains this year to continue through the end of the year and into next. >> Yeah, I I think you know we remain constructive on the market.I think the difference is going to be the leadership. you know, in the summer from the A ...

Phil. >> Hey Carl, the November deliveries for Boeing coming in as expected. The street was expecting deliveries of 44 or 45 planes last month and they got 44 from Boeing.So for the month it delivered 44 planes. The significance here is that Boeing including 32 of those being 737 Maxes for the year. Boeing has now delivered 537 planes.The significance that is the most in one year since 2018 eclipsing where they were in 2023. In terms of orders for the month of November, net orders 126 planes for the year. N ...

Tesla's stock has long been the primary source of uh Elon Musk's vast wealth. Of course, he's a CEO of Tesla. Now, another name in his portfolio appears to be in a position to fill that role.Robert Frank has the details for us. Morning, >> David. Good to see you.It is a private company in fact, and that is SpaceX, which is now the main rocket fuel for Elon Musk's personal wealth. According to reports, SpaceX is planning that secondary share sale that would value the private company at $800 billion. So Elon' ...

Monetary Policy Outlook - Goldman Sachs anticipates the Federal Reserve will cut interest rates and believes they should do so [2] - The firm expects the Fed to be hawkish in its rhetoric following the rate cut but suggests they should be patient and await official data on the labor market [2] - Goldman Sachs suspects the labor market is weaker than it appears and anticipates a deeper easing cycle from the Fed than the market currently expects [3] - The firm believes the Fed will quickly counteract negative pressures in the labor market and move into a more easing posture early in the new year [4] Labor Market Analysis - Goldman Sachs acknowledges mixed messages in job openings reports and unemployment claims but suspects labor market weakness will become apparent in 2026 [5][3] - The firm anticipates productivity gains from technology and AI adoption will necessitate easier monetary policy to assist labor market rebalancing [6] Economic Growth and Inflation - Goldman Sachs is bullish on growth in 2026, anticipating high GDP and high unemployment, requiring lower interest rates [7][8] - The firm expects productivity gains to lower the cost of goods sold, benefiting consumers and margins, and does not anticipate stubbornly high inflation [7][6] - Goldman Sachs views AI and technological advances as a significant unlock of productivity, benefiting consumers and the real economy [8][9] Fiscal Implications - Goldman Sachs notes that great growth and lower interest rates would be beneficial for the US government's fiscal balance [9]

Proposed Legislation: The Robin Hood Act - The Robin Hood Act aims to impose a 20% tax on loans and lines of credit backed by capital assets like stock shares and real estate for wealthy Americans [1] - The bill targets individuals with income between $400,000 and $450,000 who take out loans against their stock holdings, although the primary focus is on billionaires [5] Rationale for the Bill - The bill addresses wealth inequality by targeting the practice of borrowing against assets to avoid paying taxes, a strategy used by some of the wealthiest individuals [2][3][8] - Current tax system allows some billionaires to have very low effective tax rates (e.g., Jeff Bezos at 1%, Elon Musk at 3%) by borrowing against their stock [3] - Existing methods of taxing wealth, such as marginal tax rates, wealth taxes, or taxing unrealized gains, are considered complicated and difficult to implement [4] Potential Impact and Revenue - Projected revenue from the bill is estimated to be close to $300 billion over 10 years [9] - The revenue could be used to fund universal child care, universal pre-kindergarten for four-year-olds, and expanded child tax credits [10] Concerns and Considerations - Concerns exist that the bill could stifle growth and innovation for entrepreneurs who have their money tied up in new private companies [7] - There are concerns about the impact on doctors, lawyers, and small business owners who borrow against their stock holdings [5] - Margin loans used to buy stock are exempted from the tax [6] - A city tax is not supported because it may push more people out and generate less revenue [11][12]

Let's bring in Melius research head of technology research Ben Rises. Uh Ben, you just heard Christina list uh a lot of the gating issues here in terms of whether we really will see significant sales of the H200 in China. What's your view.>> Well, I'm not putting it in my model until I'm absolutely sure. I think that there's a lot of demand out there anyway. And look, Nvidia has a lot of choices.I think the big thing that people don't understand is the world is still short of compute. People are desperate, ...

Let's talk about the market reaction to all of this. Joining us this morning, Paul Hickeyi, co-founder at Bespoke Investment Group. Paul, it's great to have you back.Good morning. >> Good to be here. How you doing, Carl.>> I'm good. Uh, meantime, Hassets's on the tape as well. Do not expect mass layoffs from AI.How would you judge the market's ability to sort of game out all of these crazy long-term crossurrens. >> You know, I mean, I think there there are a lot of crossurrens and as we're talking about, th ...