Welcome back. Let's show you what's happening with the markets. The S&P is coming back here from an earlier uh sharper dip at the open.The S&P now down about a third of 1%. The Nasdaq also recovering. It's actually almost trading near the flatline.So big drop yesterday does appear to be trying to recover today. The Nasdaq comeback is is led by Micron, Microsoft. Nvidia has turned higher.Palunteer is now higher again. Netflix under pressure. Apple and uh excuse me, Google and Amazon.Those are the ones that h ...

on the Walmart news at least. Let's bring in Walmart analyst joining us this morning. Uh Greg Melich has a buy rating on Walmart targeted 111.Greg, it's good to talk to you. Thanks for the help today. >> Thanks for having me.>> Um what do we know about Ferner. Tell us. >> Uh look at Ferner is is of the culture and of the organization.Been there 30 years. uh and since running Walmart uh uh US since 2019, he's been integral to leading a lot of the changes that have gone on there to to not only get Walmart uh ...

We're getting some breaking news out of Washington. For that, we'll turn to Aean Jabvers. Morning, Aean.>> Carl, a new social media post here from the President of the United States. He is calling for a Department of Justice investigation into JP Morgan, former President Bill Clinton, and others uh involved in relationships with Jeffrey Epstein. Here's what the president said on social media just a short time ago.So he says, "Now that the Democrats are using the Epstein hoax involving Democrats, not Republi ...

More than $1.4% billion dollar worth of art coming up for auction next week in the big auction sales. The hope is that next week will finally end three years of decline. And if they reach that sales total, that will be up over 50% last year.The hope is that these rising stock markets, increased wealth creation, and lower interest rates will finally turn the tide and increase demand. Now, on that supply side, one of the big factors this season are some very big collections that are coming up, including two h ...

Let's continue that conversation with Muhammad Ali and this morning chief economic adviser at Aliance who I'm sure has been listening in. Muhammad, happy Friday. It's good to see you.Do you think this wave of unleashed data can be definitive. >> No. Um, you have deep divisions and you heard Steve say that you're likely to get three descents if they don't cut, four to five descents if they do cut.These are deep divisions getting deeper. They're getting deeper for three good reasons and one awful reasons. The ...

And Dave Cody is the chairman of Verdictive, which I think is when I think of data center, I think of you because you were the first one that explained to me at $16 that this was $16. Dave says, you know, Jim, have you looked at this verd. I said, oh man, it's all the way at $16.He goes, have you thought about it the other way. It's all the way at $16. Dave Cody, thanks for being on the show.>> But actually, the one that I've always liked, you sent me this clip once that said, I feel like I'm sitting on a g ...

What I committed to the board of our mutual funds is that I was the last purchaser. I haven't really invested in stock since 1992 in public companies. And I told the board, if you let me invest in this, when I tried to get everyone else to invest, nobody else wanted to at Baron Capitals.So I said, if you let me invest uh uh a certain amount of money, uh then what I will do is I will promise that I won't sell any of my stock. And I told you I wouldn't invest, but let me break my promise. and uh let me invest ...

Market Overview & Investment Thesis - Tech industry is in a bull market expected to continue for another two years, presenting golden buying opportunities [2] - Current nervousness is shortsighted, with street underestimating numbers by 20-30% over the next 12-18 months [2] - US is ahead of China in tech for the first time in 30 years, indicating a fourth industrial revolution [8] - Focus on long-term potential rather than short-term valuations to avoid missing transformational tech stocks [15] AI & Capex - Demand for chips is significantly outstripping supply, with demand increased approximately 30% since June [2] - Hyperscalers are in a capex super cycle, building a new economy on the consumer and enterprise front [2] - For every $1 spent on Nvidia chips, there's an 8 to 10 times multiplier across the rest of tech [10] - For every $1 invested in capex, companies are expected to make $8 to $10 in return over the coming years [2] Company Specific Analysis - Meta and Oracle are table pounders, with sell-offs representing golden buying opportunities [3] - Oracle is only 2% penetrated within its install base when it comes to AI, indicating massive renaissance potential [4] - Expects US enterprise AI adoption to increase from 3% to 20% over the next 18-24 months [5] - Tesla could reach a $2 trillion to $3 trillion market cap due to its dominance in autonomous technology [7]

are getting some breaking news out of the Fed. For that, let's get to Steve Leeman. Hey, Steve. >> Hey, Carl.Yeah, timing is everything. You ask about Schmidt. We got Schmidt here, Kansas City Fed President, uh, who desented at the last meeting, saying monetary policy is modestly restrictive, and that, he says, is where it should be.He suggests in the speech he's about to give his intention to oppose additional cuts again in December. Says he mind could change, but right now, that's the way he's leaning. cu ...

RXR chairman and CEO Scott Reckler. He is one of the city's largest real estate uh owners. Joins us now to talk about that and we sometimes get to some other things.But good to see you. >> Good to see you too. >> I mean I can remember us having plenty of conversations and they usually started on a fairly morose or dower or wherever however you want to describe it >> that way to actually but I'm surprised at the level of optimism in this story today andor the numbers themselves.Are you surprised. I listen I' ...