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Hodge: Retailers are overstocking to brace for potential tariffs
CNBC Television· 2025-06-27 12:09
All right. What do you make of this slight upticks in PCE. What does that mean potentially for the Fed.The idea that while inflation has certainly moderated over the last couple years, it seems to be kind of sticky above 2%. Yeah, I do think we're going to see a fairly benign print today uh somewhere in the mid teens uh with regards to basis points on the month-on-month gain. As far as what it means for the Fed, Powell had his testimony in front of Congress just this past week and he had to defend the lack ...
Stoltzfus: Guard your growth and own growthier value
CNBC Television· 2025-06-27 12:03
All right. So, we're on pace to open up at records. You say you're still bullish on stocks. So, if you're still bullish on stocks, what's the play right now.Is it about value stocks right now. Is it about uh perhaps dividend stocks. You continue to pile into tech.Where's the move. Frank, I think you want to be diversified here. In our view, what you want to do is you want to own growthier value and garbier growth uh as your core wherever you can pick up a dividend and still look at primarily dividend grower ...
Top vie candidates vie for President's attention as Trump considers Powell's replacement
CNBC Television· 2025-06-27 11:50
I guarantee you threequarters of the country doesn't know what the hell the Fed is. So you do not have all eyes on the Fed. Well, on that note, Fed Chair Jay Pal has been under extreme pressure to cut interest rates from within and outside the Fed.Senior economics reporter Steve Leeman is here. He takes a look at where it's coming from and where it's going to. Just kidding.And possible motives. Welcome, Steve. Thank you, Becky.The pressure on Powell to cut rates comes from the president, some in Congress, a ...
Trump's mega bill does not need to get done by July 4, says Punchbowl News' Jake Sherman
CNBC Television· 2025-06-27 11:35
a Punch Bowl News co-founder and NBC News and MSNBC political contributor. Still a young man, so I don't think time is going quite as as fast for you, is it. Is it, Jake. It's it's mindboggling.I don't feel young. I don't feel young, but yeah, it's the end of June. Did Did you blink. Did you blink.Or maybe it rained a lot, but it's the end of So, what the point I'm getting to is uh it's a it's only 30 days in this month. July 4th is next week. Is this going to happen. Is this going to happen.You know, Mike ...
AI's impact on modern warfare: Here's what to know
CNBC Television· 2025-06-27 11:31
Now joining us to talk about AI in the military and defense is uh Michelle Ga, CEO of the Croc uh Institute uh for tech diplomacy at Purdue University. She's a former assistant secretary of state for global public affairs in the first Trump administration. And um I wish I hadn't had to to uh to read all your notes on this because it's just very concerning uh Michelle at this point.I I mean it could be I guess it's like anything. It's a tool that could be used for immense good, but it it could also in in the ...
5 Things To Know: June 27, 2025
CNBC Television· 2025-06-27 11:00
Five things to know ahead of the opening bell. A new look at the Fed's preferred uh measure of inflation. Core PCE data is due at 8:30 Eastern time.Economists expecting a year-over-year increase of 2.6%. Up a bit from April. Tesla CEO Elon Musk firing the EV makers vice president of manufacturing operations.That's according to internal organizational charts viewed by CNBC. The American edition of Vogue magazine, the end of an era, set to hire a new head of editorial content. That job was held for decades by ...
Consumers shift to revenge saving as uncertainty looms
CNBC Television· 2025-06-27 10:59
Americans uh are tightening their belts after a post pandemic spending spree. The latest read on the US personal savings rates going to be released at 8:30 uh Eastern. Ahead of that, Sharon Eper is here to discuss how and why Americans are increasing their nest eggs.We just finished talking about the revenge tax. What are you talking more revenge. There's more revenge.You know, many Americans are changing their financial habits right now from revenge spending, that trend of splurging after the pandemic, to ...
Nike's earnings told us the bottom is in, says Evercore's Michael Binetti
CNBC Television· 2025-06-27 10:56
and profits to declines to moderate. Joining us right now is Michael Binetti. He is Evercore ISI research analyst.Overnight he raised his price target on Nike to $90 a share from $75. And Michael, that's pretty significant gain or rise in your price target. This what you heard from them was enough to allay a lot of the fears that people had going into this.>> It sure was. They've been working very hard to clean out a bunch of their classic products that Jordan won the dunk, the Air Force one that just got r ...
Consumers are cooking at home more than before the pandemic, says McCormick CEO
CNBC Television· 2025-06-27 00:10
This morning we got a tremendous quarter from McCormick, the number one maker of spices and seasonings. It took a lot of people by surprise. Wall Street was worried that McCormack would be hampered by the volatile consumer environment, especially all that tariff turmoil. But these guys reported a strong quarter with inline revenue for earnings beat off a 65cent basis. Even though management only reaffirmed their fullear forecast with the quarter, the stock still shot up higher because they explained how the ...
McCormick is well-positioned to fully mitigate tariff impact in 2025, says CEO
CNBC Television· 2025-06-27 00:04
Well, you now you're a person who knows growth. You know, you know taste, you know what people are looking for. But who ever thought that with your 17,000 unique items that you have to get from 90 countries.I mean, I can't must take you weeks just to calculate the tariffs. Our teams did a lot of work around this. You know, we've done a nice job mitigating the tariff impact as we think about through the, you know, 2025.Uh the one thing about our business that's important to understand u when you think about ...