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Tom Lee: The stock market bottom is in
CNBC Television· 2026-04-08 21:21
Now, let's bring in Funst Strat's head of research, Tom Lee, also a CNBC contributor and as you see here with us at Post Nights. Good to have you back. >> Great to see you.>> Uh, now what for these markets. >> Uh, I think the bottom's in, Scott, because last week was a period where the war was getting worse and oil was going up, but stocks weren't going down. So, that's a good precondition.And today, now we have the rate of change that the war is deescalating. So, I I think stocks are now in the process to ...
Project Destined CEO on how AI will empower, not replace real estate professionals
CNBC Television· 2026-04-08 20:45
for young people, you know, you've got to be able to understand all the markets, but you've got to be able to understand how AI can help you be more efficient with your time. There is a ton of fear out there about AI and what it could mean in terms of efficiency and losing jobs. But to me, I'm an optimist.I tend to focus on what it could do in terms of growth, the kind of revenue creation. Like now you don't have to spend time on the same repetitive task I did as an analyst. Now you can learn the fundamenta ...
Project Destined CEO on how transforming neighborhoods creates social change
CNBC Television· 2026-04-08 20:15
I'm trying to create change in our country in terms of access. I think there's so much there's so many talented folks um that may not get an opportunity because of any aspect of where they're from, race, gender, whatever. But the whole idea that if we have a chance to create access to this incredible industry that could transform neighborhoods, that's social change. And so I love the idea that we get a chance to open up.Again, it wouldn't be possible without A-Rod and JLo and John Gray giving us some street ...
Alibaba launches data center with 10,000 of its own chips as China ramps up AI push
CNBC Television· 2026-04-08 19:45
There's a news hook for today and it involves Alibaba, which is why the share price is up almost 5% after uh and also helping Chinese tech across the board after the company launched a data center in southern China. Okay, not huge news, but it's powered by 10,000 of its own AI chips. And to your point, no Nvidia anywhere in the picture, and that's not an isolated move.So, Deep Seek is a Chinese AI startup. It's about to release its next model V4. And it's going to run entirely on Huawei's Ascend chips.Accor ...
Fed policy rate is 50 bps too restrictive, says Ironsides Macroeconomics’ Barry Knapp
CNBC Television· 2026-04-08 19:34
Let's ask them. Let's bring in Barry Knap. He's director of research at Ironside'sides macroeconomics along with Adam Posen who is president of the Peterson Institute for International Economics.And I don't mean to set this up like a boxing match, but you are two intellectual heavyweights. And I hear from people all the time who they'll hear from Barry and then they and they go, I agree with him and now I agree with him. So, let's just settle this once and for all.Um Barry, why do you think and to what exte ...
U.S. has violated ceasefire agreement, Iran parliamentary speaker says
CNBC Television· 2026-04-08 19:30
I just wanted to flag this social media post for you that just dropped from the speaker of the Iranian parliament as we watch whether or not this ceasefire, as fragile it as it is, can hold. In this social media post, uh the speaker is alleging that the United States has violated three of Iran's principles for a ceasefire already so far. They say that the Iranians that the Iranians say that the United States has non-compliance with the first clause of its 10-point proposal.uh that the entry of a a drone int ...
Elon Musk seeks ouster of OpenAI CEO Sam Altman as part of lawsuit
CNBC Television· 2026-04-08 19:30
So, in a filing on Tuesday, Elon Musk's lawyers asked to have CEO Sam Alman and president of that company, Greg Brockman, removed from their roles at Open AI. As a legal remedy, they now asked to strip those executives of what they call authority and personal financial benefits they extracted from OpenAI's illicit for-profit operations and conversion. The backdrop here, Kelly Musk sued OpenAI, which he also co-founded, alleging that he was manipulated and deceived after OpenAI explored converting to a for-p ...
Project Destined CEO on expanding access to ownership opportunities
CNBC Television· 2026-04-08 19:15
I think ownership changes how you see yourself, how you see your city and your opportunity set. Uh so for me, when I first began working at Carile, I was shocked you could actually raise money from folks, produce a great return, keep pieces of the profit. I was like, I didn't know that was a job.It wasn't one in Mississippi that I knew of. So the chance to sort of do it in Detroit, I was like, hold on, all of these students are seeing their city transform. They have no idea how to participate.Why don't I te ...
Rate hike could be appropriate if inflation were to remain above target levels, Fed minutes show
CNBC Television· 2026-04-08 19:00
We just got the minutes of the Fed's March meeting just a few moments ago. Now remember these are about 3 weeks old at this point, but what the minutes reflected was a Fed that was keeping its rates steady for now while noting that the outlook was very uncertain and that war in the Middle East was impacting both sides of the Fed's dual mandate. So on rate policy, all but one member, that was Steven Myron, voted to keep rates unchanged, participants emphasized the importance of being nimble in their policy p ...
Meta debuts new AI model, attempting to catch Google, OpenAI after spending billions
CNBC Television· 2026-04-08 18:45
Meta launching its long-awaited new AI model called Muse Spark. This was originally codenamed Avocado. It's launching on the Meta AI app and website today, rolling out to its other apps and AI glasses in coming weeks.Now, Meta says Muse Spark is its most powerful model yet. But instead of launching with a massive sophisticated model to compete with the likes of Chhat GPT or Gemini, which many expected given Meta's spending, this is a more limited release as Meta Super Intelligence Lab Labs chief Alex Wang s ...