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' ...

Americans. >> No. Well, look, all I know is he said the American consumer has really is going to start not eating beef unless this happens because it's demand destruction.It's that bad out there. Let's get this opening bell and the CNBC realtime exchange and the big board. It is digital infrastructure company Vernon.Executive chair David Cody is in the house going to join us at Post 9 in a moment. Great. at the NASDAQ nuclear tech company Terrestrial Energy doing the honors.>> I hope they're doing better th ...

Let's get Kramer's mad dash for this Friday countdown of the bell. >> As part of that former year of magical investing, companies came public and they seemed interesting, but they tended to be a little more risky than we thought. StubHub, uh, CNBC, good article, stock tanks 20%.As CEO says it's not giving guidance for current quarter. Now, Warren Buffett didn't give guidance either, but I'm um, this is what happens when you report an okay quarter. you come public and uh you don't really have a a great story ...

New home sales data out last hour. The number came in at 652,000 for the month of July. Stronger than expected, but still it's an 8.2% decline yearon year.A trend our next guest says benefits the rental market in particular because high home prices are sending more Americans looking for alternative options. Joining us now with his outlook, Invitation Home CEO Dallas Tanner. Dallas, it's good to talk to you today.All right. So, you have these new homes start that are are it looks it looks great. It looks lik ...