The president finalized that national security investigation and said copper tariffs will move to 50% beginning on Friday. This is pretty sweeping. It's going to cover all semi-finish products as well as some derivative products as well.And within 90 days, he says in the executive order he could expand it further to include even more derivative products. We saw major moves in copper contracts. Tomorrow's copper contracts, given that markets are closed for today, down 18% at one point.The last time it saw a ...

I will say we had uh we had a nice visit with the with the president. It was an honor to host him. It's not something that happens very often at the uh at the Federal Reserve to have the president come over, let alone to visit a building, but it was it was a good visit.Are there any aspects of the project that they've raised that you see as making you reconsider any aspects of the project. So, you know, we this project was hatched and conceived almost a decade ago now and we went through the very long proce ...

Thank you very much, John. Jim, let's start first off not only with the fact that you had an $800 million impact from tariffs in the second quarter, but you've trimmed your full year guidance. You're expecting a $2 billion impact full year, but is this the worst of the impact in terms of tariffs that you expect for the full year.Uh yes, I I think we we had a great quarter first of all, and thank you, Phil, for having me on the show. Uh and we increased our guidance for the company based on our underlying bu ...

Company Overview - Robinhood's results are being discussed on CNBC's 'Closing Bell Overtime' [1]

So joining us now is David Zervos, chief market strategist at Jeffre. And David, it's great to have you on. John just mentioned it.The fact that you saw bond yields tick higher uh as Fed share Pal spoke. You saw stocks sink, although they came back a little bit here into the close. The statement seemed to lean a little more doubbish, but Pal seemed to lean a little more hawkish with some of these comments like we're still a ways away from seeing where things settle on trade, saying that um where is it.uh yo ...

I I think that having an independent central bank has been an institutional arrangement that has served the public well and as long as it serves the public well, it should continue and be respected. If it didn't serve the public well, then then it wouldn't be something that we should just automatically defend. But what it gives us and other central banks, what it gives you is the ability to make these these very challenging decisions that in ways that are focused on the data and the evolving outlook, the ba ...

uh bring in Charles Schwab's Kevin Gordon, High Tower Adviserss Stephanie Link and former Federal Reserve Governor Frederick Michigan. Um Stephanie and Fred uh Frederick are both CNBC contributors. And we are going to hear from uh from Steve Leeman who was in the room in just a moment.And Professor Michigan, I'd love your takeaway on on Pal's comments there. I mean, he he seemed to withhold any uh any indication that he's leaning toward a cut in September and in fact at one point said, "Hey, we're already l ...

Yeah, that's right. Meta tightening its guide for CAPX for the year, bringing up the lower end of its range. They say they currently expect 2025 capital expenditures, including payments on financial leases, to be a range of 66 to 72 billion.Now, that's narrowed from the prior outlook of 64 to 72 billion. They say that the key drivers of their expenses are infrastructure costs and also employee compensation, saying they're adding technical talent in priority areas. And as they recognize a full year of compen ...

up 10% in after hours trading John. >> Quite a move Julia Boorstin thank you. We're going to now get more on these Microsoft and Meta reports with Brant thill Jefferies.Ray Wong of Constellation research. Guys welcome Ray. Investors might be surprised to see meta up 10% Microsoft up seven.The reactions in overtime to these results have been muted up to this point. How significant are these results then. Were people you think just expecting something more muted.>> You know everyone had written off the mag se ...

You're right. It's been a very dynamic time for these trade negotiations and um lots and lots of events in the intermedating period, but we we're still, you know, a ways away from seeing where things settle down. We are clearly getting more and more information and um you know, I think at this point people's estimates, our estimates, outside estimates of the of the likely um you know, effective effective level of tariffs is is not moving around that much at this point.But at the same time there are many man ...