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Rivian CEO: Trade policy on heavy earth metals had a significant impact on production volume
CNBC Television· 2025-08-05 21:15
John, thank you very much. This is a wider thanex expected loss for the second quarter for Rivian. The company losing 80 cents a share. The street was expecting a loss of 65 cents a share.Revenue roughly in line with expectations coming in at $1.3% billion. The company after two straight quarters of a gross profit swung to a negative a gross loss if you will, $26 million in the second quarter. No change in the fullear delivery guidance.still expecting to deliver between 40 and 46,000 vehicles, but it is wid ...
Bank of America CEO responds to Trump accusation that he was rejected as a customer
CNBC Television· 2025-08-05 21:15
So, I I got up early because we're on East Coast time. I was I was working out and I was watching your wonderful show and he came on and I'm telling you, I'm still trying to unsee some of the visuals that he created with his commentary. But look, the president's after the right thing, which is the laws, rules, and regulations around our industry became used to cause things to happen.It's whether it's BSL, whether it's KYC, whether it's reputational risk. going to hear Tim Scott quote about it. It is right t ...
Zoetis CEO: It's unclear if animal health will be a part of pharmaceutical tariffs
CNBC Television· 2025-08-05 21:14
Welcome back. This morning we got second quarter results from Zoetas which showed the company beating estimates raising its guidance. The stock did close lower on weakness from Labrella.This is its osteoarthritis medication for dogs. But joining us now on set for an exclusive interview is Zoetta CEO Kristen Pat. Kristen, it's great to have you on.And it was it was a beat and raised quarter and yet shares were under pressure. I guess just walk me through what you're seeing with Labrella as that seems to be w ...
Fmr. Treasury Sec. Mnuchin on tariffs: Some businesses 'will be winners and some will be losers'
CNBC Television· 2025-08-05 21:00
There there was a big correction in the market after liberation day which were much much higher levels and quite concerning uh across the board and there was some question as to whether they were going to be to negotiate or not. Um right now the market is is looking at some certainty and some uncertainty. Um clearly the market's driven right now by a lot of AI spending a lot of capex in technology.This is all very very good things for the US economy on trade. I think it's going to take time to see how these ...
Anduril co-founder Trae Stephens: No immediate plans to IPO
CNBC Television· 2025-08-05 21:00
Welcome back to Overtime. Another win for the up andcoming defense tech sector today as Andre announced it is now the third supplier of solid rocket motors for the United States. Joining L3 Harris and North of Grumman, Andrew opening a full rate manufacturing facility in Mississippi, aiming to to produce 6,000 tactical motors by the end of 2026.Per year by the end of 2026. Joining us now for an exclusive interview is Trey Stevens, Andrew co-founder and executive chairman and a partner at Founders Fund. Trey ...
Hinge Health CEO on Q2 earnings since IPO, AI usage and growth
CNBC Television· 2025-08-05 20:53
Welcome back to Overtime. Hinge Health moving up by about 8%. The company did beat on revenue uh and gross margin during its first quarter as a publicly traded company.Also guided higher as well. Joining us now in a CNBC exclusive is Hinge Health CEO and co-founder Daniel Perez. Daniel, first report as a public company, uh revenue up 55% with the street expected 40.You're guiding to 41% growth in revenue at the midpoint, well above what the street expected. non-GAAP gross margin at 83% was better than the m ...
Super Micro shares drop on EPS miss and Skyworks shares move higher on EPS beat
CNBC Television· 2025-08-05 20:45
Well, Super Micro and Skywar's earnings are out. One's dropping, one's popping. Christina Parts Neville has the numbers.Christina. >> Yeah, let's start with Super Micro, the one dropping. This is an AI server assembler.Uh, for their earnings report, they came in at 5.76% billion. Uh, that was a miss with 41 cents adjusted for EPS earnings per share, a threecent miss compared to what the street was anticipated. They were hit by what analysts are saying, competition.Dell, HPE stealing some market share for th ...
Snap's Q2 revenue in line with expectations, but shares are moving slightly down
CNBC Television· 2025-08-05 20:45
Snap earnings are out. Julia Borson has the numbers. Hi, Julia.>> Hey, Morgan. Snap revenues basically in line with expectations at$ 1.34% billion dollars, but we see the stock is stock is plummeting now down about 15% this after the company reported a gap loss of 16 cents per share. That is not comparable to analyst expectations, but adjusted IBIDA of $41 million that shows a miss of the street account estimate of $53 million.The company's daily active users grew 2 million faster than anticipated to end at ...
Honeywell CEO Vimal Kapur on industrial AI: The promise is here
CNBC Television· 2025-08-05 20:45
So you and I have talked about the promise of industrial AI. We're coming off of blowout earnings from Palunteer today. Is the promise here. >> Promise is absolutely here.I mean for last uh you know I've been in this industry for more than three decades. One thing I hear now which I've never heard is customers are short of people and it sound uh you know they don't have skilled people to run their operations and they are looking for a substitute that what to do differently because you can't have more people ...
We're still in a global bull-market, but expect turbulence in August, says Carson's Ryan Detrick
CNBC Television· 2025-08-05 20:40
And it was another down day for the S&P 500 as investors digest weak economic data this morning. Our next guest sees volatility ahead, calling August one of the weakest months of the year, especially in post election periods, but he's not bearish. Let's bring in Carson Group chief market strategist Ryan Dietrich and our own senior markets commentator Mike Sani.Guys, welcome. Ryan, you're saying four to 6% pullback here in the S&P wouldn't be unusual yet. You're still overweight.uh tech uh and and some of th ...