Getting some breaking news on Russia as we mentioned a few moments ago. Let's get to Aean Jabvers. Hey Aman. >> Hey Carl.That's right. A senior White House official telling NBC News now that a summit meeting between President Putin and President Trump has now been tentatively scheduled for the end of next week. No word here on a location for that summit meeting.A couple of countries are in discussions according to the official. UAE, Hungary, Switzerland, and Rome are all possible locations for that meeting. ...

Market Impact of Tariffs - The Trump administration's plan to impose tariffs on gold bars has led to all-time high gold prices [1] - The tariffs may create price differentiation between gold markets in New York, London, and Shanghai, potentially leading to arbitrage opportunities [3][4] - The gold industry was surprised by the tariffs, as gold has not been subject to tariffs in recent times [5] - The tariffs initially appear to apply to refined gold from Switzerland, which could increase the cost of gold bars sold in the United States [6] Wheaton Precious Metals' Position - Wheaton Precious Metals is insulated from the impact of the gold tariffs because it sells on the international market [2] - The company is exploring potential pricing arbitrage opportunities arising from the tariffs [4][5] - Wheaton's US operating assets in silver and palladium are not expected to be affected by the tariffs because the product is produced and refined in the United States [10][11] - The company sees the tariffs as an opportunity to take advantage of higher pricing in the US market [12] Gold Market Trends - Gold prices have been climbing for years, with persistent strength and short-term fluctuations [8][9] - Gold is considered a "comfort metal" and is attractive in chaotic times [9]

Welcome back. Some new reports say the US and Russia are planning a truce deal that would cement some of Russia's gains in Ukraine. That's ahead of a meeting between the president and Putin expected as early as next week.This morning, Putin also holding some phone talks with world leaders including China's shei and India's Modi. Joining us this morning is Matt Gerkin, BCA Research's chief geopolitical and US political strategist. Appreciate the help today, Matt.Thank you for the time. Thank you. Good to be ...

In terms of the growth, uh this company is obviously just on a remarkable I mean just seeing the numbers from 500 million to 700 million active users. Do you think that the growth is going to continue at that pace. Does it get faster. Does it get slower.And in terms of paid customers, how do you see that shifting. Um we are it's only been you know 20 hours or whatever since we launched GBT5 but we are seeing crazy numbers uh from the level of GPT5 adoption. Um I would it looks like we're going to have a sig ...

Taximony movers. The president announcing his nomination of CEA chair Steven Meyer to the Fed's board of governors after Adriana Cougler's resignation last week. Joining us to discuss this morning, former Federal Reserve Governor and economics professor at the University of Chicago, Randy Crosner is with us.Happy Friday, Randy. Good to see you. >> Great to be with you.>> So, what do you think uh the Myron news means for the Fed, for rates, for certainly Fed reform. >> Sure. So I think um I think it's clear ...

Financial Performance - Expedia's total bookings increased by 5% year-over-year [1] - Expedia's adjusted EBITDA increased by 16% year-over-year [1] Market Trends & Dynamics - The travel market in the US is experiencing softness, particularly among budget travelers [1][5] - Inbound travel to the US is facing pressure with shorter booking windows and higher cancellation rates [2] - Expedia's B2B bookings grew by 17%, outpacing the market and marking 16 consecutive quarters of double-digit growth [3] - Expedia anticipates trends to moderate in Q4 due to tough comparisons against the previous year [3] - Luxury travel remains strong, unaffected by economic concerns [8] Company Strategy & Innovation - Expedia is leveraging AI across its strategic priorities, including customer value, growth opportunities, margin expansion, and operational efficiencies [4] Competitive Landscape - Viator, Expedia's experiences platform, is driving significant growth [4] - Cruise lines (Norwegian, Carnival, Royal Caribbean) are reporting strong forward bookings, indicating value perception [6] - Las Vegas market shows mixed performance, with Caesars facing challenges (low room rates, concert cancellations) while Wynn reports record profitability [7]

President Trump participates in a trilateral signing with the Prime Minister of the Republic of Armenia Nikol Vovayi Pashinyan and the President of the Republic of Azerbaijan Ilham Aliyev on Friday. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates ...

Market Trends & Economic Outlook - Major indices are tracking to close the week higher, with the S&P and NASDAQ pacing for their third positive week in four, and the Dow on course for its second positive week in three [1] - The market has largely processed economic data, driven by the resilience of the economy and consumer spending [2] - There's a growing possibility of stagflation, with potential inflation increases alongside economic deceleration and signs of a softening labor market [3] - Inflation measures show signs of fatigue, with goods prices potentially driving inflation higher, increasing the likelihood of a stagflation scenario [4] - The market focuses on data trends, such as the direction of the labor market and unemployment rate, rather than specific data points [6] Investment Strategies & Sector Performance - Companies with strong profit margins and solid free cash flow yields are performing well, supported by capital expenditure and profit margin expansion [7] - Sectors not investing in AI or reducing labor face margin squeeze due to potential supply chain price increases, leading to negative outlooks [8][9] - International markets, particularly Europe, are showing strength due to stronger economies and a weaker dollar, presenting diversification opportunities [11][12] - MSCI World Index XUS is up about 18% this year, compared to about 8% for the S&P 500, signaling a rebalancing of capital flows [10] Data Quality & Market Reaction - Uncertainty in data is inherent, with revisions being common due to the dynamic nature of information gathering [5] - The market is adept at understanding data ranges and focusing on trends rather than specific data points [6] CPI & Fed Policy - CPI is expected to pick up, potentially causing a market reaction, and influencing the probability of a Federal Reserve rate cut in September [14][15]

You probably saw Elon yesterday uh he said quote open AI will eat Microsoft alive and then Satia responding to that. What do you think when you read that. Um you know I don't think about him that much.What what do you think of the larger idea though that that he's effectively saying that OpenAI long term will eat Microsoft alive. I don't even know what that means. Do you know what that means.I'm not sure what he means except to say that he he thinks in the in the grand scheme of the partnership that ultimat ...

Let's begin with the latest out of Washington and these reports of some new tariff targets. This time gold. Aean Jabers has it. Morning Aean.>> Yeah, good morning to you Carl. Multiple media organizations reporting now this morning that uh widely traded gold bullion bars in the United States may now be subject to country specific import tariffs. That's according to a ruling on the US Customs and Border Protection Services website out today.Now that clarifies some confusion around what tariffs would be impos ...