Welcome back to Overtime. Investors extremely bullish for today's big IPO. Bullish, the crypto exchange rallying more than 83% after pricing at $37 a share, which was above its expected range.It opened at 90 bucks, hit an intraday high of 118, halted within moments of opening due to that volatility. Well, sticking with that theme, some of the biggest M&A deals of the year have been announced in the past two months as well. And there have been 38 deals valued over $10 billion so far in 2025.That's the most e ...

Market Trends & Consumer Behavior - A divergence exists between fast casual and full-service restaurants, potentially influenced by pricing [2][3] - Fast casual restaurants have historically taken less price increases compared to quick service restaurants, attracting incremental consumer spending and traffic [6] - A normalization of trends is occurring, with consumers recognizing that full dining settings may offer better value [6][7] - The consumer is leaning into value, but the perception of value has shifted as fast casual prices compete with dining-in options [7] - Higher-income consumers of quick service restaurants are trading up to fast casual for perceived better value for money [8] - Lower-income consumers are facing pressure, leading to some fading away from the entire restaurant sector [8][9] Pricing Strategies - For approximately $20, consumers can dine in a full-service restaurant, whereas the same amount might only buy a bowl in central Manhattan [3] - Quick service restaurants have taken even more price increases than fast casual restaurants [7] Impact on Restaurant Categories - Casual dining restaurants like Chili's and Olive Garden are bringing back value offerings [7] - The pressure on lower-income consumers is not being offset by the up-trading of higher-income consumers, resulting in a net negative impact on overall restaurant demand [8][9]

Today's top corporate story reports say Nvidia and AMD have agreed to give the US government 15% of the revenue uh that they generate from exporting AI chips to China. In return, the companies will receive export licenses to sell chips in China. I think from Nvidia's perspective, you know, the potential of not shipping anything at China or shipping a China with this 15% deal is clearly a better situation for them.Uh but it it it obviously calls into question what's what's the national security concern here. ...

Let's turn to our first guest who's watching Market Breath as the S&P 500 and the NASDAQ both hit new highs again today and closed there. Joining us now is Bespoke Investment Group co-founder Paul Hickeyi. Paul, it's great to have you on and let's start right there because Christina touched on it.The rotation we're seeing, you come to us with some charts. What are you seeing. Yeah, so I mean today's action is rotation within the market.We saw breadth improve and it's exactly what um investors wanted to see ...

Joining us now is Ben Ritz from Melius Research. Ben, good to see you. Now, this is probably confusing to a lot of people because AI is software, but the way it's been sold to businesses for generations now is based on seats.How many people are using it. AI and agentic AI seems to me could mean software operating software instead of as many people and that blows up some business models. Oh yeah. Oh yeah.We're just in the beginning of this and I don't think the SAS guys know what's hitting them. Um, and uh, ...

We have earnings. Cisco results are out. Christina Parts Neville is back with the numbers.Hi, Christina. >> Hi. So, Cisco posting a top and bottom line beat with earnings per share of 99 cents on revenues of 14.67% billion within the quarter.Networking revenue actually grew 12%. They're seeing gross margins, adjusted operating margins falling in line with estimates. The company did uh see growth across all geographies.As for their Q1 revenue guide, that midpoint coming in a little bit higher than street est ...

Is this really one of the best environments we've seen in some time for investing in both stocks and bonds. And Estasia Maroso is Partners Group chief investment strategist for private wealth and is here with us on set. Got a lot of play on this call that Rick Reer made yesterday sitting in this very chair.Do you agree with him. I mean I do. I think this environment has a lot of positives to it and you know coming into a couple of weeks ago we were debating this quarter of adjustment and the fact that compa ...

We're joined now by venture capitalist Lo Tony of Plexo Capital. He's also a CNBC contributor. It's good to see you. Good to see you as well.I wish you were here. Uh because it's been such a big day for this offering. When you see something like that, you I mean your smile is wide.Uh what what are you thinking about. Well, bullish debut was nothing short of a milestone for for digital assets. overs subscribed 20 times, raising 1.1% billion and opening 140% above the IPO price.So I don't think that's hype. I ...

I do have a news alert though. Mackenzie Seagalos has it and it plays right into our wheelhouse of this conversation today. McKenzie, >> hey, that's right.So, you've got AI search startup perplexity raising fresh funding at a 20 billion valuation. That's according to an email sent to prospective investors. It was seen by BI and a source with knowledge of the raise.That is up from $18 billion in July and just $520 million early last year. This company, which is backed uh by the likes of Jeff Bezos, has quadr ...

All right, Jonathan Kinsky of BTI joins us now because that was the focus of your note which dropped during halftime today. Uh, and it got us thinking about whether this is finally the moment. Now, I probably have asked you and others that question 50 times within the last year.Is this the moment. But is this really it. Scott, you know, it's deja vu all over again.Um, if you go back 13 months ago, July of 2024, uh, small caps were hanging around flat year to date while the NASDAQ was ripping. We got a bette ...