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Bitcoin is the most interesting market trade apart from AI, says WSJ's Gregory Zuckerman
CNBC Television· 2025-11-12 20:30
It's kind of a big deal because Greg Zuckermanman's one of the best writers out there. He's author of six books, two of which were co-written with his sons. So, let's talk more about the story in crypto and more with Greg Zuckermanman, special writer at the Wall Street Journal.Greg, whenever you do something, it's a big deal. Why are you turning your laser focus to Bitcoin. So Brian, to me, this kind of trade is the most interesting one other than AI out there, meaning the companies, the stocks that sold sh ...
Next couple months will be negative for crude oil and energy stocks, says Fundstrat's Mark Newton
CNBC Television· 2025-11-12 20:30
Let's talk about that and more. Joining us now, Mark Newton, Funst Strats, global head of technical strategy, and as by the tie, you can see a fellow VTEC hokey. Great to have you on set, Mark.Thank you. We actually overlap for a couple of years there. Uh, quickly, uh, oil, are you looking at it as a benefit to the equity market or just kind of its own thing.>> It's its own thing. It's completely a supply demand story. Uh, OPEC plus flipped the flipped the script.They went from, you know, deficit to surplus ...
Food4Education CEO on building 'a school feeding economy'
CNBC Television· 2025-11-12 20:30
Economic Impact of Hunger - Hunger costs the world $3 trillion annually [1] - Hunger causes Africa to lose 165% of its GDP [1] School Feeding Economy - School feeding is presented as a solution to multiple problems [2] - A school feeding economy involves parents contributing a subsidized amount, governments matching contributions, and philanthropy covering remaining costs [2] - This blended finance model includes public participation, parents, and philanthropy, with the child as the anchor [3][4] Financing and Participation - Everyone participates to ensure the child is able to eat [4] - Smart ways are used to involve government, parents, and philanthropy in school feeding [4]
Interest rates are too high and policy is restrictive, says Treasury counselor Joe Lavorgna
CNBC Television· 2025-11-12 20:28
Government Shutdown Impact - The government shutdown negatively impacted the current quarter GDP, preventing it from reaching its expected potential [2] - The shutdown led to a plunge in consumer confidence in the government [5] - The reopening of the government is expected to restore confidence and provide crucial economic data for policymaking [5] Economic Outlook - The economy was robust, with over 4% growth in both the second and third quarters, excluding the federal sector [4] - The administration is optimistic about real GDP growth in 2026 [6] - Lowering interest rates is crucial for increasing affordability, with mortgage rates already at 52-week lows [11] Fiscal Policy & Spending - Federal spending has decreased, with 74% of last year's fiscal deficit occurring under the current administration [10] - Republicans aim to maintain fiscal discipline to lower interest rates [11] - Discussions involve subsidies, including those related to Obamacare, with concerns about eligibility and potential misuse [9][10] Government Funding & Negotiations - A continuing resolution (CR) is expected to pass, providing short-term funding and preventing another shutdown in January [8] - Negotiations are ongoing, with potential disagreements on spending levels and priorities [8][9]
Visa moves deeper into stablecoins by launching new payment pilot for businesses: CNBC Crypto World
CNBC Television· 2025-11-12 20:27
Today, cryptocurrencies are back in the red. The Senate Agriculture Committee released a draft of the long-awaited crypto market structure bill, and Visa's Mark Nelson breaks down the payment giant's latest step forward in stable coin adoption. Welcome to CNBC's Crypto World.I'm Talia Kaplan. Cryptocurrencies are back in the red this morning with Bitcoin falling to the $11,000 level by noon Eastern. Ether's also headed lower, falling below $3,400 and XRP dropped to $2.34%.And taking a look at stablecoin iss ...
Delta CEO on workers missing pay: We don't like being a political football
CNBC Television· 2025-11-12 20:00
Well, there was no question there was a safety risk. And while we didn't like it, uh we supported the FAA and we supported Secretary Duffy that we had to take proactive action. The thing we don't like is being a political football is that because our people aren't getting paid. That's the thing we really didn't like.When you ask the controllers, when you ask the security agents at TSA, who form essential roles in the safety and the safeguarding of our air travel system, national airspace, that they're not g ...
AI buildout will happen over the coming years not months, says Sanctuary Wealth's Mary Ann Bartels
CNBC Television· 2025-11-12 19:56
Market Outlook - Markets tend to rally, making it the best time of the year [1] - The market is in a secular bull market, meaning the trend is higher [8] - Expects volatility from time to time, but maintains a long-term target of 10,000 to 13,000 for the S&P [9] - Believes a new market cycle started recently [11] - A 15-20% pullback could occur at any time, but markets are expected to go higher if fundamentals remain solid [12] - Has never seen a market peak or major down cycle while the Fed was cutting interest rates [13] AI and Technology - The digital era brings new innovation in technology, with AI being a key development [2] - Earnings are starting to reflect the impact of AI on companies [2] - This earning season, earnings are up about 15% year-over-year, 7% better than analysts' forecasts, driven by tech companies [3] - Semi-conductors are leading the way in technology development [4] - The demand for technology upgrades is insatiable and will take years to fulfill [4] - The total buildout for data centers, AI, and related energy demand is estimated to be $7 trillion [7]
Silicon Valley's read on AI fears
CNBC Television· 2025-11-12 19:56
Tech underperforming broader markets today as AI bubble fears persist. Dear Dbosa is live at the Cerebral Valley AI Summit in San Francisco getting a gut check on the industry's epicenter for today's tech check. Hi D.Hey. And it's just about to kick off. So it's filling up in here.But even here where you have the true believers, these are AI startup founders, top model foundation companies, there's still bubble talk and AI anxieties. They're the elephant in the room. Now a year ago it was all about how fast ...
White House: October CPI and jobs report likely to never be released
CNBC Television· 2025-11-12 19:52
All right, we got some breaking news out of Washington DC. Let's find out what it is with a jabers at the White House. >> Yeah, Brian, this coming from the Supreme Court just in the Supreme Court saying they're going to hear oral arguments on the president's effort to fire Fed board uh member Lisa Cook. They're going to do those oral arguments on January 21st.Remember, the issue here is the president is allowed to fire somebody for cause, so to speak. And the question is, what does for cause actually mean i ...
Everyone's chasing AI. Barry Sternlicht says the real play is real estate
CNBC Television· 2025-11-12 19:30
What is the market currently getting wrong about commercial real estate. >> I think the market is we're this is the largest industry in the world, right. It's three times bigger than the stock market, the real estate markets globally.And I think people uh as they always do tend to look in the rearview mirror and they look at a suboptimal performance of the whole asset class across the last three or four years. And look, Nvidia goes up a trillion dollars in four months. Like the hot kids on the block are eve ...