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Social Security Administration commissioner: I have no concern about the future
CNBC Television· 2025-08-12 22:00
I feel really good. I really feel really good about it. You know, to me, the first job in protecting and preserving was to get the foundation right.To have the American public served in a way they had never been served before. If it used to take 30 minutes to answer the phone, now it takes single digits within the first 100 days here. Um, I think that foundation allows uh the trust fund and that would be uh four trustees, myself being one of them, Treasury Secretary, labor secretary and HHS, Congress and th ...
Sales execution was 'completely unacceptable', says C3.ai CEO on recent reorganization
CNBC Television· 2025-08-12 21:38
And turning over to software shares of C3AI getting a little bump today up better than two and a half% after a huge 25% drop yesterday. Stock fell after the company announced preliminary first quarter results in a reorganization of its sales and services teams. And joining us now is C3AI CEO Tom Seagull.Tom, welcome. Hello John. So uh the stock is at the lowest level in more than two years since early uh 2023.May 23 was also the last time the revenue number was this low. What happened. Uh honestly, John, th ...
The future of quantum real estate
CNBC Television· 2025-08-12 21:30
Until now, quantum computers have mostly lived at academic or government facilities because they had limited practical applications. But quantum computing is fast becoming commercially viable. And as a result, it needs its own real estate.A new report from JLL says significant real estate implications are quote on the horizon and on the scale of what we saw with AI and data centers. But quantum computers can't live in data centers now, at least not in the current ones. The racks and the physical form of a q ...
Bullish to offer shares between $32-$33, going public Wednesday
CNBC Television· 2025-08-12 21:20
Well, the IPO IPO market, she said, has been heating up and that trend keeps rolling tonight. We've got crypto exchange bullish set to price its IPO any moment now. And today, Mackielle is here on set with the details.Yeah, that's right. A lot happening with crypto and the IPO market. Morgan, uh, bullish, aiming to raise 9990 million, offering 30 million shares priced between $32 and $33 a piece and giving it a total market value of $4.8% billion.So that's according to a filing yesterday, but we should be g ...
How to know if private assets in a 401(k) plan are right for you
CNBC Television· 2025-08-12 21:15
What does it mean to have greater access to alternative investments in your 401k plan. I've been getting that question a lot and a lot of commentary from folks about President Trump's executive order making it easier for retirement plan providers to offer alternative investments like real estate or cryptocurrency or private assets in your 401k plan. First of all, what are private assets. Well, those are private companies.Those are not publicly traded stocks like you might have in your 401k through a mutual ...
CoreWeave sinks more than 8% on quarterly results
CNBC Television· 2025-08-12 21:12
Well, we also heard from Cororeweave that the stock is moving lower right now in overtime following results just moments ago. The company posted a loss. We're not comparing that to estimates, but revenue was better than expected.The CEO saying it's scaling rapidly to meet quote unprecedented AI demand. So, let's bring in Nick Delo of Mafet Nathansson. Nick, it's great to have you on.I'm Cash Flow came in better than expected, too, because they didn't spend as much as they set out to on capex either. Why is ...
S&P 500 and Nasdaq notch record closes
CNBC Television· 2025-08-12 21:10
Will a rate cut in September be enough to keep this rally going. Let's bring in Pollson Perspectives author Jim Pollson and CFR research chief investment strategist Sam Stovall. Guys, welcome.Jim, you say these numbers tell us inflation isn't so much of a problem. We were just asking a guest earlier about pressure on the workingclass consumer, though. Is a Fed rate cut still a gamecher if we see more signs of pressure through the rest of the year.Well, I I think you know certainly you can make a case that i ...
CEA's Stephen Miran on BLS economic data
CNBC Television· 2025-08-12 21:01
Should we trust this data. The president cast a lot of doubt, politicized the the head of the BLS. That's where these numbers are coming from.>> Well, look, all sorry, not all, but but most economic data ultimately comes from surveys. And so there's always going to be an element of noise. There's always going to be an element of uncertainty.And unfortunately, that element of noise and uncertainty has increased in recent years. If you look at, you know, sort of we have we we can sort of speak about revisions ...
James Bullard: I'd accept Fed chair job 'if we set it up for success'
CNBC Television· 2025-08-12 20:45
I did talk to the Treasury Secretary uh last week and uh he said uh he was going to be out of the country, but uh the Wall Street Journal broke the story up. I I guess uh I don't know where they got their info, but I did talk to him. Uh we had a brief conversation and uh I told them uh it didn't sound like they had a process locked down yet, but I I told him I'd be happy to uh you know proceed however they wanted to proceed.in terms of it it would be more um I guess vetting is that is that what is that what ...
Tariff impact on CPI likely to grow in months ahead, says fmr. NEC Deputy Director Daniel Hornung
CNBC Television· 2025-08-12 20:41
For more on what today's data is telling us about the US economy, let's bring Daniel Hornung, former deputy director of the NEC and a current research fellow at MIT. Daniel, it's great to have you on. And let's start right there.What was your read through for CPI and specifically for core CPI which did on an annualized basis come in a little hotter than expected and actually at the highest since February. Um but all not necessarily spiking or or not necessarily spiking uh to the extent that I think some peo ...