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Blue Owl co-CEO: 'The demise of software is not upon us'
CNBC Television· 2026-02-06 15:48
You know, Mark Twain said, right, the news of my death was an exaggeration. And I think maybe that's the moment we're in around this topic to get down to the brass tax. You know, the the demise of software is, you know, is not upon us, but the disruption is AI is going to disrupt.It's a massively disruptive force for the economy and it's going to disrupt some parts of software, but software is not a monolith. And I think the way it's being treated today, both in stocks, but certainly when we think about cre ...
FanDuel CEO Amy Howe on prediction markets, legalizing sports betting
CNBC Television· 2026-02-06 15:21
The countdown is on and the bets are flowing in. CNBC's Contessa Brewer joins us right now with more on this. And Contessa, here we go. >> Here we go.Yeah, the sports books are gearing up for their biggest single moneymaking event of the year. Becky, if you look only at the handle, the amount wagered on legal licensed sports books in the United States, the industry is looking to set another new record on this Super Bowl, $1.7% billion. FanDuel is the nation's market leader.And I asked CEO Amy Amy how about ...
The Super Bowl ad game: Top ads to look forward to this weekend
CNBC Television· 2026-02-06 15:20
The Super Bowl. We know this is more than a game. For many viewers, it's about the commercials that are costing up to $10 million for 30 seconds.Uh this year, there will be a faceoff between two AI names, OpenAI and Anthropic. Joining us now, Marcus Collins, marketing professor at the University of Michigan's Ross School of Business and author of For the Culture. We've come a long way, Marcus. Come a long way.Used to be Coke and Pepsi, didn't it. Used to be Coke and Pepsi. Uh, now now it's Isn't that incred ...
Affirm CEO Max Levchin on the company's record retailer growth
CNBC Television· 2026-02-06 15:20
The buy now pay later firm known as a firm delivering a quarterly earnings beat 30% increase in sales. Company also investing in new AI tools for merchants. I hear the stocks down.That's about as that's stupid. Anyway, here's what we're going to do. I'm a little judgmental there.Uh we got first on CNBC a firm co-founder and CEO Max Lein. Max, it's always great to see you. >> Great to see you.>> Terrific. Okay. So, Max, how did your uh we believe in nosing your big nothing or zero APR event do.How many peopl ...
'Pretty comfortable' with where large tech firms are trading currently: Gabelli Funds' John Belton
CNBC Television· 2026-02-06 15:16
apply artificial intelligence >> S&P TECH THE WORST SECTOR OF THE WEEK S&P SOFTWARE DOWN 11% IN FOUR DAYS. WISDOMTREE'S CLOUD ETF DOWN MORE THAN 10%. FOR MORE ON THIS THIS GROUP THIS THIS WHOLE ARENA, LET'S BRING IN JOHN BELTON, PORTFOLIO MANAGER FOR GROWTH EQUITIES AT GABELLI FUNDS.AND GOOD TO SEE YOU. GOOD TO SEE YOU JOE. THEY ALL WENT UP.SO I GUESS THEY CAN ALL COME DOWN INDISCRIMINATELY. BUT YOU MAKE ONE POINT THAT I THOUGHT WAS PRETTY INTERESTING. SO IF IF AI EATS SOFTWARE AND REVENUE GOES DOWN FOR ALL ...
Crypto selloff shakes tech, but panel sees selective buying opportunities
CNBC Television· 2026-02-06 15:15
Empower. >> WELCOME BACK. A BUSY WEEK FOR THE MARKETS.LET'S GET RIGHT TO OUR PANEL. MATT MALEY IS THE CHIEF MARKET STRATEGIST AT MILLER TABAK. BARBARA DURAN IS THE CHIEF INVESTMENT OFFICER AT BD8 CAPITAL PARTNERS.AND VIRAJ PATEL IS THE GLOBAL MACRO MACRO STRATEGIST AT VANDA RESEARCH. IT'S GREAT TO HAVE YOU ALL HERE. OF COURSE I GOT TO START WITH THE MARKETS.OBVIOUSLY IT'S BEEN A TOPSY TURVY WEEK. YOU GOT A VIX AT 20 RIGHT NOW WHICH IS ACTUALLY OFF THE HIGHS OF THE WEEK. BUT MATT MALEY I MEAN YOU'VE SEEN A N ...
Elon Musk's net worth now more than $800 billion thanks to SpaceX
CNBC Television· 2026-02-06 14:57
Elon Musk this week becoming the first person ever to top the $800 billion mark. He's now worth more than the next three richest people combined. So that's Larry Bage, Sergey Brin, and Jeff Bezos.Most of his wealth used to come from Tesla, of course. Now 23 of that wealth comes from SpaceX. He owns about 43% of that newly merged SpaceX and a XAI company. That company was valued at one and a quarter trillion dollars as part of that deal.So Elon's stake is now worth about $540 billion in that company. Meanwhi ...
5 Things To Know: February 6, 2026
CNBC Television· 2026-02-06 12:26
And five things to know ahead of the opening bell. Amazon shares are lower following mixed quarterly results. The company raising its fullear spending forecast to $200 billion.Shares of Reddit higher after the company beat both the top and bottom line estimates and gave strong guidance for the start of this year. That stock in fact is up by almost 11% this morning. Shares of gaming company Roblox soaring after the company reported bookings that came in above what the street was expecting and a smaller thane ...
Bristol Myers Squibb CEO: Richest product pipeline we've had in the last decade
CNBC Television· 2026-02-06 00:26
in late 2023. Here now for a CBC exclusive is Chris Burner. He's the CEO of Bristol Meyer Squib.Chris, thank you for coming in. >> It's my pleasure to be here. >> All right, so you took over full-time, your interim full-time November 2023, stocks below where it was.It's coming up. You've told me you still have work to do. What's job one for you and your team.>> Well, job one is to continue to do what we did and what we demonstrated in the earnings call that we had this morning. Look, we're a strong company ...
Seahawks to sell for at least $8B but could approach $10B, says Sportscorp's Marc Ganis
CNBC Television· 2026-02-06 00:26
It's Mark Ganis is the founder and CEO of Sports Corp. It's a sports advisory firm. He's with us here as you see at One Markets. Good to have you here. >> Great to be here, Scott.>> So, the big news, at least in part this week, was the commissioner saying that the Seahawks are going to be sold sometime soon from the Paul Allen estate. So, the commanders go for almost 6.1%, right. >> What's this one going to go for.>> Uh, at least eight uh billion. Yes, at least 8 billion. And if they can get people with the ...