All right, let's take a look at shares of Walmart. Right now, they are off by three and a quarter percent because the company is just announcing that Doug McMillan, the chairman and CEO, is going to be retiring. He's stepping down from the company uh where he has been in charge for more than 12 years.During that time, Doug McMillan has more than quadrupled Walmart's market cap. He's also set the company up for continued growth. He's been seen as somebody who is not only a stalwart leader but also a a vision ...

Let's talk a little bit about Tesla because you have been an investor with Baron Funds since 2014. So more than a decade that you've been standing by Elon Musk. It's it's been a very good bet for your firm.You've made how many billion dollars on Elon Musk since then. >> Made about $8 billion in Tesla from $400 million when we started and uh in SpaceX we've made about $4 billion uh and uh since we started that in 2017. So about 12 or 13 billion we made so far.I think we're going to make five times that next ...

Former FTC chair Lena Khan helping Mayor Alexa Aron Mandami dig through some obscure laws that could let his administration target New York's soaring costs. Joining us right now is Liz Hoffman, semifor business and finance editor. Uh she's written a fascinating new newsletter that gets into uh what Lena Khan's role may be in this next administration.She's of course part of the transition team. Liz, what what what are we expecting to see from Lena County. >> Question.Yeah, the question has been over, you kno ...

Retail Performance & Expectations - Retailers are expected to meet or exceed Q3 numbers with clean inventories [3] - A more challenging holiday season is anticipated, with sales estimates ranging from 0% to 2%, contrasting with the general estimate of +4% [3][4] - The compressed holiday season and market uncertainty may lead to increased promotional activity, potentially pressuring earnings [3][4] Consumer Behavior & Market Dynamics - Consumer anxiety is heightened by government shutdowns and interest rate concerns, impacting discretionary spending on apparel, accessories, and electronics [5] - Consumers are trading down, favoring retailers with strong value messages like Costco, Walmart, and TJX [6] - Luxury brands and niche markets with strong brand recognition, such as Dick's Sporting Goods and Abercrombie & Fitch, are expected to perform well [7] Challenges & Cost Pressures - Department stores, including Macy's and Kohl's, are expected to face a tough environment; Target's turnaround is not expected in the short term [8][9][10] - Consumers are feeling the impact of inflation, particularly in supermarkets, despite a slight easing of cost pressures from a high of 9% to around 3% [12][13] - Tariffs are exacerbating the situation, with retailers having absorbed much of the impact on discretionary items; further tariff increases are expected to worsen the situation next year, with rates potentially reaching 15% to 25% in some sourcing countries [13][14]

shares of fintech company uh figure higher after reporting stronger than expected revenue. This is the company's first quarterly report since going public in September. Uh so we are thrilled to have him uh on the broadcast figures CEO Michael Tanner.Good morning to you. >> Good morning. Thank you for having me.>> Uh so this is like the first time you've ever done this. >> That's right. >> How you feeling about it.>> Look, I'm feeling excited about the momentum in the stock uh figure. Just as a bit of an ove ...

All right, CNBC holding its delivering alpha conference yesterday. One major topic of conversation, investing in AI. Leslie Picker joins us right now with the headlines from that.And Leslie, um, that had to be the thing that everybody was waiting to hear about. >> Yeah, we could have had a whole conference just talking about, uh, investing in AI. And we spoke with four different people yesterday at delivering alpha about whether there's an AI bubble or not.And it really seemed like consensus was that no, th ...

Our next guests are announcing a new fund to help address the affordable housing crisis in the United States. Joining us right now is John Hope Bryant who is the CEO of Bryant Group Ventures and founder, CEO and chairman of Operation Hope. Also, Joseph Odding, who is Flagstar Bank president, CEO and executive chairman.And gentlemen, welcome. Thank you for coming in this morning. Uh let's talk about the point of this new fund.Um obviously housing has be become less and less affordable. So what's the point of ...

Let's start first of all with a broad macro question. Is a 50-year mortgage good for the housing market. >> You know, the administration's very admiraable in trying to help the housing market, but at this point in time, you know, getting a 50-year amortization loan wouldn't benefit the housing market too much.uh if mortgage rates just head down towards 6% like it has recently and just stays here for a longer period of time, the 30-year fix is is perfectly fine just to get sales to grow just a little bit. >> ...

Mark, from a portfolio manager's perspective, are you at least a little frightened or have you changed anything about your methodology based upon what you've seen over the last week or so. >> Well, thanks for having me on, Dom. Uh, not frightened at all.The numbers are dictating that you shouldn't be. Um, 83% of S&P 500 names uh beat their earnings in the last earning season. So, um, nothing to be frightened about there.You're you're going to have any serious correction here that those numbers have got to c ...

As we close in on the 6 a. m. Eastern time hour, a check on a few of the stories that we are tracking this morning.Verizon is discussing plans to announce job cuts next week, according to multiple reports, with some suggesting as many as 20,000 positions could be cut. That's roughly 20% of the overall company. The Wall Street Journal is reporting Paramount, Comcast, and Netflix are all preparing to make bids for Warner Brothers Discovery.Comcast owns this network's parent company, NBC Universal. Under Armou ...