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Software stocks show vulnerability to AI
CNBC Television· 2026-02-04 19:18
We've seen the market action, but what happens to enterprise software when employees can build some of the leading tools themselves. Dear Drabosa, put that to the test for today's tech check. Dearra, so Kelly, let me first say that I don't know if the software selloff is overdone or it's just getting started, but here's what I do know.AI is now letting me, a person who is not a developer and cannot code a line, actually build and do things that I couldn't have even imagined possible a few weeks ago. So this ...
Here's how to navigate the pullback in software stocks
CNBC Television· 2026-02-04 18:50
The S&P pulling back just about a half of a percent. The Nasdaq down about one and a half percent. Small caps down more than 1%, but the Dow actually up over a half a percent.We're going to hit on some down name aims. Actually hitting new records in just a bit. But first, Joe, I think we got to start off with this software weakness that we're seeing and what it's been what it's been doing to the broader market.Some of this weakness, the idea of AI disruption. We all thought AI would disrupt things. I I gues ...
Eli Lilly blows past quarterly estimates, posts strong outlook as Zepbound and Mounjaro sales soar
CNBC Television· 2026-02-04 18:15
Sports quarter results out from Eli Liy. $7.54% a share beat estimates of 667 a share. Uh revenue of 19.3% billion.All right, we're going to have to figure this out. Look at that stock. Uh up 7% back over $1,000 of 17.9% billion.Um fourth quarter volumes rose 76%. Realized prices though fell 5%. Zepbound and Monaro sales more than doubled year-over-year.and those were well above expectations and that the company also uh issued upbeat fullear guidance. So it's the opposite thing we're looking for here. What ...
Sen. Tillis doubles down on Warsh blockade over concerns about Fed independence
CNBC Television· 2026-02-04 18:00
I think he's a great pick. Uh the problem is he's a person. I've got a concern with the process and we have to let this process play out which I think is either lawfare or inappropriate use of prosecutorial tools because you disagree with the Fed chair.Um look, this is all about a building project. If we want to start subjecting every cabinet member, for example, to overruns on projects, then maybe we can create a new standard. But we know this is silly.We need to get past it. And I'd be one of the first pe ...
Squawk Pod: Sen. Thom Tillis, Charles Schwab CEO, & Fed Politics - 02/04/26 | Audio Only
CNBC Television· 2026-02-04 17:55
Charles Schwab President and CEO Rick Wurster discusses different investing habits between generations, including Gen Z’s interest in saving and the increased gamification of trading. Senator Thom Tillis (R-NC) is not running for reelection, and the lawmaker is using his freedom from campaign politics to speak up against the DOJ’s case against Fed Chair Jay Powell and the execution of immigration policies overseen by Kristi Noem. In a fiery interview, Sen. Tillis calls the investigation into the Federal Res ...
Pinterest CEO rebukes, fires 'obstructionist' employees who created tool to track layoffs
CNBC Television· 2026-02-04 17:45
Pinterest CEO Bill Ready firing staffers who created an internal tool to track layoffs at the company. According to audio that was obtained by CNBC, Ready told a company meeting last week that he expects healthy debate and descent, but he said there's a clear line between constructive debate and behavior that's obstructionist. Now, Pinterest announced a round of job cuts late last month.It's been investing in AI is facing some concerns that chat bots could steal users. Following the job cut news, a Pinteres ...
Why Disney needs to get it right with its new CEO
CNBC Television· 2026-02-04 17:30
When any major publicly traded company shakes up its leadership, it's a big deal. But Disney getting a new CEO is an industry defining moment, especially when it's the second time in just 6 years. For the past couple of decades, the Mouse House has been led by Bob Iger.His legacy is arguably most shaped by the acquisitions that took place under the first tenure of his leadership when the stock price soared. Iger spearheaded Disney's purchase of Pixar, Marvel, Lucasfilms, and 20th Century Fox. These brands h ...
AI shakes software sector
CNBC Television· 2026-02-04 17:19
Software names getting hit again today after the selloff yesterday amid these fears of AI disrupting the industry. But just how exposed are some of these names to these emerging AI tools. Our dear DOS is digging into that for today's tech check.One thing's for sure D. This draw down in the IGV is now worse than 22. I mean, this is really about what's happened in AI over the last few weeks.That's shifted from answering questions to doing the actual work. And that is really what's behind the disruption that w ...
Texas Instruments to buy Silicon Labs in $7.5 billion deal
CNBC Television· 2026-02-04 17:15
CNBC's Kristina Partsinevelos delivers the latest news surrounding chip stocks. ...
Uber reports 20% revenue growth in fourth-quarter, fueled by food delivery
CNBC Television· 2026-02-04 17:15
Fourth quarter results out from Uber. Want to tell you what's going on here. Company reporting earnings of 71 cents a share.Revenue coming in at 14.37% billion. Now that's slightly ahead of expectations. Adjusted Eva dots toting about $2.5% billion.That's also above estimates. On the segment side, mobility revenue coming in below forecast though, while delivery sales topped consensus. gross bookings for the quarter reaching $54.1% billion versus estimates of $53.1% billion. Looking ahead in terms of where t ...