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Back-to-office rate at five-year high: Here's what to know
CNBC Television· 2025-08-11 12:51
the push uh to get more workers back to the office and apparently finally uh it may be working. This could have some big implications for the belleaguered office market. Diana Olaf joins us now with more.How many years are we since the pandemic now getting back to the office. >> I think we're on five. We're definitely on five.But look, in just the past year, US companies made more progress in getting employees back to the office than at any time since the pand pandemic began in 2020. This is according to a ...
Strong consumer spending in July, CNBC/NRF Retail Monitor finds
CNBC Television· 2025-08-11 12:47
Well, later uh this week, the government is going to release retail uh sales data first. So, we have the CNBC NRF retail monitor for you uh ready to go this morning. Senior economics reporter Steve Leeman joins us now with the numbers.Hey, Steve. Morning, Joe. The CNBC NRF retail monitor jumped to its best monthly game since we be game before since we began assembling the data in 2022.That's a likely sign of some combination of a resilient consumer, big midsummer promotions from retailers, and possibly tari ...
The Verge's Alex Heath on tech's battle for top AI talent: This is basic supply and demand
CNBC Television· 2025-08-11 12:19
The battle for top AI talent, it is in full swing among big firms like OpenAI, Metaanthropic, and as Robert Frank told us last week, it's creating billionaires at a rapid clip. Joining us right now is Alex Heath. He is the deputy editor at The Verge.Uh thank you for waking up early, Alex. Love all the things that you write. What is really going on.We talked to Sam Alman on Friday and we're trying to understand sort of how big a pool there is among these these talents and and I want to know what it is that t ...
The 'big beautiful bill' is a big part of the reason why the market is where it is: Jason Trennert
CNBC Television· 2025-08-11 12:01
The futures this morning are marginally uh higher. Joining us now, you can see 134 points on the Dow, Jason Trener, chairman and CEO of Strategus Research Partners, a Baird company. Um Jason, we haven't seen you in a while.Um were you surprised by either uh the the break in the averages leading into Liberation Day or with the the swiftness of the rebound to new highs following Liberation Day. Were you surprised by by e Did you predict either. I didn't I don't we didn't predict either.Uh and I think I was su ...
Ray Wang: Having Nvidia and AMD pay 15% of China chip sales revenues to U.S. govt. is 'bizarre'
CNBC Television· 2025-08-11 11:55
Big tech stocks in focus this morning. Reports say that Nvidia and AMD are going to pay 15% of China chip sales revenue to the US government in exchange for export licenses. Uh joining us right now is Ray Wang.He's Constellation Research founder and chairman. Good morning to you. You call this a payoff, a tax, a bribe.I don't there's a lot lot of lot of words that are being uh put out there. What is this. >> Use the eword.You want to >> What's the e word. >> Extortion. Oh, extortion.I didn't say it. Joe sai ...
Former Sen. Heitkamp: Trump has extended the look of how you exercise executive power
CNBC Television· 2025-08-11 11:25
>> President Trump getting ready to meet with Russia's Vladimir Putin on Friday in Alaska. Joining us now on that story and others. Former Democratic U.S. Senator Heidi Heitkamp, she's now the director of the University of Chicago Institute of Politics and a CNBC contributor.And Mick Mulvaney, former acting white House chief of staff, now Atom Strategic Advisors co-chair. And we'll talk about some of the business stuff, too. But we can start with with what I did in that intro, Senator.And I'm feeling very I ...
Nvidia, AMD to give U.S. government 15% of revenue from two AI chips exported to China: Report
CNBC Television· 2025-08-11 11:18
story though, because I'm still working through it. Today's top corporate story. Reports say Nvidia and AMD have agreed to give the US government 15% of the revenue that they generate from exporting AI chips to China.In return, the companies will receive export licenses to sell chips in China. The news followed follows a report that meeting between Nvidia CEO Jensen Huang and President Trump at the white House last week, 15% of Nvidia's revenue from selling H20 chips to China could amount to billions of dol ...
Expect 'choppy sailing' in markets going into year end, says BMO's Carol Schleif
CNBC Television· 2025-08-11 11:18
Take a look at the futures, folks. We're up about 100 points on the Dow. S&P 500 up about 8 points, seven and a half.Uh the NASDAQ up as well. Joining us right now is Carol Schlle. She's BIMO's private wealth chief market strategist.Carol, I don't think you expected that when you came on. We were going to ask you about who you think should be the next Fed chair, but you're you're you're h we're happy to have you weigh in on that or the other controversy of the morning which we've been debating about how you ...
FDA's vaccine chief returning to job a week after leaving: Report
CNBC Television· 2025-08-11 11:15
two. The FDA's head of vaccines, we were just talking about this last week. He's returning, reportedly returning uh to the agency just uh more than a week after he departed.Uh Dr. . Vaneet Prasad left his post overseeing gene therapies and vaccines on July 30th. uh after just a few months on the job.He had been criticized in connection with the FDA's handling of that surrepta therapeutics situation with gene therapy for Duchine musculardrophe. He had also been targeted by uh online by faright activist Laura ...
5 Things To Know: August 11, 2025
CNBC Television· 2025-08-11 11:15
Politics & Security - President Trump considering deploying up to 1,000 National Guard troops in Washington DC to enhance security [1] - President Trump planning a news conference on DC crime at 10:00 a m Eastern time [1] Trade & Economy - President Trump urging China to quickly quadruple its soybean orders to address shortages and reduce the trade deficit [2] Commodity Markets - Shares of lithium miners spiking in Asia after battery giant CL halted operations at a major mine in China [2] Entertainment Industry - Warner Brothers's "Weapons" takes the top spot at the weekend box office with $42.5 million in the US and Canada [3] - "Weapons" marks the sixth consecutive hit for Warner Brothers after a period of box office underperformance [3] - Disney's "Freakier Friday" brings in $29 million [3] - "Freakier Friday" marks one of the best opening weekends for a mid-budget comedy in years [4] Technology Industry - AOL is discontinuing its dial-up service, with the last day being September 30th [4]