Paul Meeks heads up technology research at Freedom Capital Markets. Paul, great to see you today. >> You, too.>> All right, so can we just get through the big angst inducing headaches that AI is having right now. One, there's and you heard Jim Kramer talk about it this week and what the Wall Street Journal calls Frankenstein financing. What's the deal with the debt.Is it a problem. I don't think the debt in this case is a problem like it was with the companies that were borrowing in the late 90s, early 2000 ...

For more, let's bring in Jeff Kilberg, KKM Financial founder and CEO, a CNBC contributor. It's almost like having this shopping list and thinking, "Oh, I can't afford that. I can't afford it." And waiting for it to go on sale. >> You're absolutely right, contestant.I wouldn't say the damage is done necessarily in some of these AI themed big tech names. I think just some profit taking has occurred. We've seen two consecutive weeks of profit taking.The jitters really were spurred by the uncertainty what the F ...

Joining me is KPMG's chief economist Diane Swank and CNBC's Steve Leeman. Steve, let me begin with you. Is this a big departure from what we had seen after the last Fed meeting.>> Um, yeah, and by the way, Contessa, unfortunately, you blinked. And, uh, it's an even bigger departure because those probabilities are now down to 41%. Um, and I get that because it's only just been in a little bit that we've had that move.As you saw, uh, the 10-year yield rise higher. uh to around 414 and now the probabilities ha ...

It's Richard Bernstein, CEO and chief investment officer of Richard Bernstein Adviserss joins me. Okay, so basically you're positioning for a pause. Why is that.>> So Contessa, I think people have forgotten what the Fed's role actually is in the economy and that the Fed does not directly touch the economy. If the Fed is cutting rates, they do so explicitly to lower the cost of funding for banks, which the Fed hopes, keyword hopes will spur more lending, which they hope, again, that word will will spur more ...

We have some breaking news right now on JP Morgan. Aean Javvers joins us now. Aean, what do you have? >> Contestant. That's right. JP Morgan now responding to that social media post earlier in the day from President Trump. Remember, President Trump uh posted that he wanted his Department of Justice to investigate JP Morgan, former President Bill Clinton, and a host of others for their connections to Jeffrey Epstein, the disgraced and now deceased uh sexual predator. Uh the president's been under a lot of po ...

Hey, Scott. So, Scott, Bitcoin has now erased all of its gains since President Trump's inauguration as forced liquidations accelerate. Volatility spikes and risk appetite fades across the market.More than $1.3% billion in leveraged crypto bets were wiped out in the past 24 hours alone, pushing those funding rates negative and thinning out market depth. Liquidity has dropped sharply and traders are rushing to hedge, driving short-term volatility even higher. Meanwhile, a key support for Bitcoin, those spot E ...

Investment Strategy & Focus - I Squared Capital manages over $50 billion in assets and has completed $5 billion in deals recently [1] - The firm is investing in AI data centers, exemplified by a project with Google involving a 400 megawatt data center in Illinois with 90% carbon capture [2][3] - I Squared Capital is providing debt to fund data centers in Texas and investing $800 million in battery construction in Indiana to support data center power needs [4] - The company focuses on "singles and doubles" rather than "home runs," indicating a preference for lower-risk, long-term infrastructure investments [8][11] Risk Assessment & Market Perspective - The firm is cautious about allocating tens of billions to data centers without a fundamental understanding of contracts and technological changes [6] - There is uncertainty regarding the AI consumption model and the potential dominance of companies like Google or Open AI, leading to higher risk [7] - The risk-return profile of investing directly in tech company stocks like Nvidia is currently more attractive than investing in some data center subsectors [10] US Industrial Policy - The new US industrial policy is changing long-term investment approaches, with the government directly investing in companies [13] - This policy involves investments in areas like lithium batteries and rare earth elements [13]

We got to do final trades. I turn to Brian Bellski. >> Scott, we're going >> humble humilous.>> Yes. >> Capital management. >> Thank you. Thank you.We're going with Raymond James Financial. One of the last standalone brokerage firms. It's a wonderful shop with both a broker dealer and an asset management business.>> I'm going Zcaler. It's been falling this week, but earnings are in a couple of weeks. I expect them to be strong.Link sir. >> Paloalto. ...

Tech stocks rebounding here after three straight days of losses as investors brace for any signs of an AI bubble. But could the private AI markets be the source of any froth. Our DOSA digs into that for today's tech check.Happy Friday D. >> Hey, happy Friday Carl. So yes, if you are worried about a bubble in AI, you really can't ignore what's happening in private markets because startup losses, they are the engine of this boom.every dollar they burn on compute turns into revenue for Microsoft, Amazon, Nvidi ...

for more on the state of the economy and the the murky macro picture here. We are joined by Vincent Reinhardt, BNY investments chief economist, former Fed economist, do do you expect them to not cut in December, Vince, at this point. >> Oh, I I think they'll cut.And I think your conversation just now was exactly right. And you asked the right question, as did as did, Carl. Uh the answer, what has changed over the last couple months.Not a whole lot. We don't have a lot of data to support a a a changed outloo ...