I mean the spin-offs are uh progressing on time. So we expect to have the chemicals business advanced material spin-off completed Q4 of this year uh and then aerospace will happen uh second half of 2026. So they are progressing well.But the good news is that uh the two important points there. First is we have majorly completed our portfolio transformation work with that because when I started we announced these spins but we also have done a lot of portfolio work some substraction some additions. So that's l ...

Today, Bitcoin and Ether fall after President Trump talks about his tariff plans on CNBC. The CFTC says it's looking to allow spot crypto trading on registered exchanges. And James Gretzky, CFO at Exodus, breaks down what helped fuel an increase in the company's digital asset treasury.Welcome to CNBC's Crypto World. I'm Talia Kaplan. Major cryptocurrencies and stocks pulling back today as traders digested weaker than expected economic data and new tariff comments from President Trump.Specifically, the presi ...

Energy is down to $220 a barrel a uh a gallon now for a car. It's down to a level. You're down, I guess, around $65 a barrel, but it's going down.There's tremendous energy. And if you notice, OPEC and OPEC plus uh they're drilling more. They want to drill more because I think they want me happy because if energy goes down low enough, Putin's going to stop killing people.That'll be nice. Even though they're his own people that are dying, him and Ukraine, but Putin will stop killing people if you get energy d ...

Market Outlook & Investment Themes - The bull market is expected to continue, driven by a broadening beyond just AI into deglobalization, longevity, and deregulation, all interacting and accelerating simultaneously [2] - The market is forward-thinking, and opportunities exist for investors who may have missed the initial AI-driven gains [4] - A diversified portfolio is recommended to capitalize on these themes, including sectors like materials and industrials, which benefit from deglobalization and increased defense spending [7] AI & Technological Advancements - The current phase is likened to a "candlesticks to light bulbs" moment, emphasizing the ability to scale, implement, and download AI technology to produce earnings power across various business models [5] - The focus is shifting towards tangible returns on significant capital expenditures in AI, with confidence that these returns will materialize [5] - AI is seen as a cost-saving and productivity-enhancing engine that will continue to lead the market [4] Interest Rates & Monetary Policy - Interest rates are anticipated to decrease, potentially impacting investors overweight in cash, who may experience a "pay cut" [10] - The market typically anticipates interest rate changes 6 to 12 months in advance [11] - Morgan Stanley's interest rate team projects a couple of rate cuts this year plus five more next year, contingent on data [12] Sector Opportunities - Utilities and power companies, traditionally valued for dividends and defensive characteristics, are emerging as new growth stocks [14] - Industrials are highlighted as a strong performing sector with continued potential [8] - Investing in sectors with quantifiable merit and opportunistic potential is encouraged, even if not completely proven [9]

Which takes us to our talk of the tape. Is this market just taking a breather before launching its next leg higher. Or has momentum just grinded to a halt.Let's ask Adam Parker. He is Triariat's founder and CEO and a CNBC contributor. Welcome back.>> Thanks for having me. >> You make the argument that dips should be bought. Why.>> Well, you know, I think most institutional investors think we're going to get some kind of growth scare, maybe a stag inflation scare here. August through October. >> Is that what ...

So joining me now is Margaret Vanrono. She is portfolio manager at ClearBridge Investments. Great to have you here on set.Welcome. Thank you. So what what what is your take sort of on the on the broader market right now and the role that tech has been playing and whether it can continue.Yeah. Well, I mean tech tech and the AI theme is a big one. We're going to be talking about it for the next 10 years.That's an enormous theme. But what we've been spending a lot of time thinking about is what else is going t ...

Um, let me pivot to the economy, which is the topic in debate that's happening here, which is really just how strong it is or is not. Uh, you saw the jobs numbers on Friday. Uh, but there's a lot of folks here who have sort of varying views of what's really going on.You actually have the data. So, I'm curious what you're actually seeing. So, look, our economists believe there'll be no recession.They believe the econ the economy in the US will go about 1 one and a half% this year. They believe that the Fed w ...

Well, turning to the bond markets, Treasury issuing $58 billion in three-year notes today ahead of its record hundred billion dollar auction of four-week bills on Thursday. The government is pushing to increase liquidity after Congress raised the debt ceiling by $5 trillion back in July. For more, let's turn to Rick Santelli in Chicago.Rick, what are you seeing. Well, you know, Morgan, you touched on something important, and it was wasn't only the bills were expecting 100 billion four-week bills on Thursday ...

Regulatory Landscape & Compliance - The industry acknowledges the need to re-evaluate laws, rules, and regulations to prevent decisions that may be viewed negatively in retrospect [6][7] - The industry is collaborating with the Treasury administration to balance regulations and avoid after-the-fact scrutiny [8] - The industry seeks to prevent regulators from influencing company decisions in ways not explicitly mandated by Congress [11] Business Operations & Customer Base - Bank of America serves 70 million consumers [9] - Bank of America serves more small businesses than any other institution, totaling 12 million [9] - Bank of America serves more middle market companies than any other institution [9] Reputational Risk Management - Bank of America CEO addresses allegations of discrimination against conservatives, emphasizing adherence to laws and regulations [3][4][6] - Bank of America aims to navigate regulatory changes and ensure fair treatment under the law [11]

Theme Park Revenue - Disney's parks and experiences division is a key area of investment, with $60 billion planned over a decade [3] - The industry is observing the impact of new competition in Florida, specifically Epic Universe in Orlando, on Disney's park results [4] - Consumer spending habits, booking trends, and pricing strategies at Disney parks are under scrutiny [4][5] - The focus is on how much consumers are spending within the parks and whether they are shortening their stays in Orlando [6] - Performance of parks in Paris and Asia are also important [6] Streaming Subscriber Growth - Disney's stock previously saw a boost after adding 1.4 million streaming subscribers, exceeding expectations [7] - The expectation is to add approximately 1.5 million subscribers to Disney Plus [7] - The launch of a new bundle combining ESPN, Hulu, and Disney Plus is anticipated to drive subscriber growth and reduce churn [8] - Disney aims to retain subscribers through bundled services and perks [9] - The industry is considering the potential impact of streaming services on traditional cable subscriptions, with speculation about a bottom around 50 million subscribers [9]