President Donald Trump and Russian President Vladimir Putin begin their summit at the Elmendorf Richardson military base in Anchorage, Alaska on Friday. The state leaders will later hold a closely watched joint press conference. “The president wants to exhaust all options to try to bring this war to a peaceful resolution,” the White House stated ahead of the Alaska summit. It remains to be seen whether those “options” will be good or bad for Ukraine, ultimately. For access to live and exclusive video from C ...

at this hour and we'll start with the surge in shares of United Health today. Warren Buffett's Berkshire Hathaway revealing a stake of more than five million shares. Also, David Ter's Appaloosa adding to its United Health position and Michael Barry's Scion Asset Management also buying options.Joining us now, UBS analyst AJ Rice, who has a buy rating on the stock. So, we're highlighting uh AJ, some of the kind of the bullish moves we saw in 13F this quarter. There were also some bearish ones, too.Viking sold ...

One chip name rallying today, Intel, on a report the Trump administration is considering taking a stake in the company. Matthew Bryson, Wedbush Securities research uh and hardware analyst joins us now. Um Matt, uh just frame it out for us in terms of what this might mean for Intel if it were to happen.It would seem like it would be kind of a a national champion and it would assert the government's uh thought that it's in the public interest to make sure Intel can produce domestically. Yeah. Yeah.Certainly. ...

Shares of Applied Materials plummeting double digits post earnings, hitting a host of other chip names today. Our Christina Parts and Neilos is here to break things down, talk about what happened in the quarter. Morning KP. >> Hi, good morning.It's quite a quarter for them. Applied materials earnings aren't just a company specific problem, though. They're really just a it's a warning sign for the entire semiconductor capital equipment sector.And what do I mean by that. The company said in the earnings call ...

Earnings and Economic Outlook - Second quarter earnings are on pace for 10% year-on-year growth, with double-digit growth likely by year-end [2] - Expectation of softening in the economy in the second half of the year, but not recessionary [2] - Anticipation of lower interest rates by the Federal Reserve in 2026, coupled with a potential tax bill kicking in next year, supporting continued earnings growth [2] Federal Reserve Policy - Market overreacted to the possibility of three rate cuts this year; one to two cuts are more likely [3] - Cooling labor market data, with revisions substantially lower for the past two months, supports the potential for the Fed to move rates towards a neutral level of around 35% [4][5] - Expectation that Jerome Powell will signal a potential rate cut and indicate that a 50 basis point rate cut is unlikely [6] Investment Strategy and Technology - Tech and AI sectors have exceeded expectations in terms of capex, data center spending, revenue, and earnings [9] - Investors should have exposure to the long-term secular story in AI and technology [10] - Expectation that sectors benefiting from productivity gains, such as healthcare, industrials, and financial services, will participate in the AI and technology growth [10] - AI and technology are expected to help reduce inflationary pressures by making costs more effective [12] - Margin expansion is anticipated in 2026, partly driven by the AI story [13] - Technology will be used to supplement labor, a trend expected to start next year and continue in the years ahead [15]

From Lamborghini to McLaren, these new 15% tariffs on sports cars wasn't as bad as some expected, but it could cause even some of the wealthiest buyers to hold off on purchasing a new car. Our Robert Frank is live from Pebble Beach this morning with that story. Morning, Robert.Carl, great to see you. Well, classic cars are exempt from tariffs. So, this 1969 Lamborghini, estimated at $2 million, would only pay the existing 2.5% duty.So they wouldn't pay any extra tariffs. But a new Lamborghini is going to co ...

But first, breaking economic data just crossing. Rick Santelli has that for us. Hey, Rick.Yes. Let's start out with University of Michigan sentiment. Now, these are August preliminary numbers, so they'll change in a couple weeks.I'll tell you right off the bat, they're sequentially lower. We're expecting a headline number around 62. Our last final month read was 617, 58.6%. 58.6%.That's the weakest since May when it was 52.2%. in April when it was 52.2%. Now if we look at current conditions 60.9% our last l ...

Shares United Healthcare in a so-called Buffett bump today after Bergkshire Hathaway and a number of other bigname investors reveal new positions in the insurance giant. Shares are up about 12 and a half% right now. Our Bertha Kums joins us now with much more in this story. Bertha, good morning. Good morning, Frank. The Berkshire Hathway filing sent shares of beaten down United Health stock above $300 for the first time since July 14th. Berkshire initiating a five million share stake, making it one of the b ...

Stephen McClur, thank you very much for joining us here in studio. Thanks so much for having me, Talia. Absolutely.So, the last time we spoke, you were the CIO of the asset management firm Valkyrie, and we spoke in person back at the end of 2023, and that's right before the SEC gave the green light for spot Bitcoin ETFs. At the time, you said you were optimistic they will in fact get approved by the SEC, and sure enough, you were right. Well, now you're the CEO of the investment firm Canary Capital, and so ...

partly the conventional wisdom for what how should a central bank respond to a stagflationary shock which I think of tariffs a as having a heavy stagflationary component you the primary effect the the Fed can't pump oil the Fed can't adjust the supply side but it can try to prevent the secondary impacts which could be wage price spirals or if you start thinking about the secondary impacts of tariffs on parts, components, supplies, and intermediate goods. Now, it's a little more complicated than the Econ 101 ...