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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 ...
We have a runaway bull market right now, says Jim Cramer
CNBC Television· 2025-06-27 00:03
CNBC's "Mad Money" host Jim Cramer talks the state of the market and what sectors are winning and losing right now. ...
Lightning Round: MPC, AUR, QXO, TOST
CNBC Television· 2025-06-27 00:03
[Music] It is time. It's time for the light. Bye bye by step and then the lightning round is over.Are you ready. Ski daddy times the lightning round start with Ned in Ohio. Ned.Good afternoon professor Kramer. How are you sir. I am good.Thank you for calling Ned. How can I help. Well, I wanted to talk to you about Marathon Petroleum Company.It's the largest petroleum refining, marketing, and transportation company in the US. Yes. And it's a good one.I think you want to own that stock. I I like it very very ...
We were told the rally was too narrow so often, it had to be unsustainable, says Jim Cramer
CNBC Television· 2025-06-26 23:55
If you can bring yourself to hate this market, then you'd hate any market. That's how I feel after looking at some of today's top performers in an otherwise strong session where the Dow gained 404 points, S&P climbed8%, closing a smidge below its high, and the NASDAQ jumped 97%. All helped by a statement out of the White House that said the upcoming July 9 trade deadline wasn't critical.Good news because we have only seen one deal so far with the UK and we're getting more than a tad nervous about what would ...
CNBC's Pippa Stevens tours Equinor's South Brooklyn Marine Terminal
CNBC Television· 2025-06-26 22:54
I'm here at the South Brooklyn Marine Terminal, which Ecuador is redeveloping in order to service its offshore wind project off the coast of Long Island. Called Empire Wind 1. It will include 54 turbines, each 951 ft tall, providing 810 megawatt.That's enough to power 500,000 homes. It's a big investment for Norway based Ecuador, which is spending about $5 billion, including 1 billion to redevelop the marine terminal. Construction at this port began about a year ago.You can see behind me, workers are busy l ...
Final Trades: TWI, SMH, NKE, SCCO
CNBC Television· 2025-06-26 22:27
The final trades of the day with CNBC’s Melissa Lee and the “Fast Money” traders. ...