pill that sure you can inject yourself once a month but people that people are happy taking pills like they're a vitamin supplement this would be like that it's a very big move and they have millions of pills waiting for the let's get the opening of CNBC the old time exchange and the big board is Delta celebrating its centennial and Ed Bastion's going to join us at Post 9 in the next hour lot of questions >> right I threw Delta this weekend we had a plane delay. There couldn't have been more graciousness. T ...

Day 43 of the government shutdown. House leaders are expected to vote on the continuing resolution that passed the Senate. And joining us now, House Majority Leader Steve Scaliz.U Majority Leader, it's good to have you on. Uh good morning. Thank you.>> Good to be back. Thanks for having me. >> Uh I've seen it a few times where they asked Speaker uh Johnson about it and I don't know, people run with, you know, if it bleeds it leads.And and I I guess he didn't answer. Oh yeah, it's a done deal. It's definitel ...

Our next guest is going to give us his insights on the economy, the Fed's rate path, and so much more. Joining us at the table, PIMCO's global economic adviser, Richard Clarah. He's uh former uh Fed vice chairman.Good morning to you. We got I normally I'd say, what do you think of the data, but we don't really have data. Or maybe we do.What What data are you looking at right now. Actually, >> you know, you get things like ADP on the labor market. There's something up in Boston that scrapes prices from Amazo ...

Our next guest is on a mission to take the idea of employee ownership global. Here to explain and to discuss the private equity landscape is Pete Savos. He is the co-founder co-head rather of global private equity at KKR.He could be the founder too if he'd like to be. Uh which has $723 billion in assets under management of which he oversees $222 billion to be exact. That's a lot of money.Uh Pete's also the founder and chairman of ownership works. Good morning to you. So, you've been trying to, you know what ...

Market Trends & Investment Strategies - Tax loss harvesting is occurring earlier than usual due to earlier gains, particularly in the MAG 7 stocks, prompting investors to offset taxes [1][2] - Identifying opportunities through tax loss harvesting is recommended [2] - Stocks making 52-week lows are typically low for a reason, requiring careful consideration [3] Company Specific Analysis - IBM is highlighted as a potentially undervalued AI company with a forward multiple of 25 and a 2% dividend [3][5] - IBM was added to the company's position after research [3] - Companies like Proctor & Gamble, Adobe, ADP, Kimberly Clark, Craft Heinz, and Charter Communications are at 52-week lows [3] - Chevron, Amgen, Johnson & Johnson, and Coca-Cola are mentioned as Dogs of the Dow [3] Investment Considerations - Dogs of the Dow may be "dogs for a reason," but some possess quality and good dividends [4][5] - The focus is on quality companies with good dividends [5]

Investment Strategies for Retail Traders - Retail traders should focus on oversold stocks that are cheap relative to the market and avoid high-flying stocks, guessing games, and earnings plays [3] - Chasing trends based on the president's perceived good business sense may be a winning strategy if early, but is generally not advisable [1] - It is difficult for both retail and institutional traders to accurately predict market movements and profit from them [2] Government Investment Impact - Companies with US government stakes have shown dramatic stock gains, such as MP Materials with a 95% improvement and Intel with a 72% increase [4][5] - MP Materials rallied to $100 and then quickly sold off 50%, causing losses for many [6][7] - The government's investment in Intel was a good play because the stock was oversold and cheap, stuck in the $22 to $28 range for almost two years [7][8] AI Market Analysis - The AI sector is experiencing widespread adoption, but many AI stocks are considered ridiculously expensive relative to the marketplace [11][12] - One perspective leans towards Michael Burry's view of hyperscalers underestimating chip depreciation, rather than Lisa Su's expectation of 35% annual sales growth for AMD [9][10] - AI companies are building the foundation for the future, similar to internet companies in the early 2000s, but are now too big to fail [12][13]

AMD's Performance and Potential - AMD has consistently met the numbers provided by Lisa Su [1] - AMD aims for double-digit market share growth, targeting a 35% growth rate [8] - AMD is trading at a multiple of 50 times forward earnings [7] - The industry views AMD as having the best chance to be a legitimate second source in the market [7][8] AI Market Dynamics and Concerns - AI inference is driving real revenue for cloud players and neo-clouds [4] - The industry is seeing monetization of AI with increasing applications [4] - There are concerns about the timing around execution of AI products [2] - Hyperscalers are potentially understating depreciation of AI chips, artificially boosting earnings [4] - Older chips are still valuable for inference and are being sold to smaller NeoClouds with high utilization rates [6][7] Debt Financing and Financial Health - Debt financing is a concern if revenue and profit cannot be driven [3] - Increased inference is observed over the last 3-4 months [3] Nvidia's Position - Nvidia's transition to Blackwell wasn't as smooth as desired [2] - Nvidia is trading at a multiple of 33 times forward earnings [7] - Nvidia is releasing new products on a two-to-three-year cadence [6]

What's driving these gains. >> Well, there's a little bit of micro and a little bit of macro at the risk of sounding like a song. I mean, the macro is some of it's global and I do think the fact that actually we are nearing a resolution for the US shutdown has had a positive impact on markets across the globe.Plus, you've had things like the resolution on kind of Swiss tariffs this week, you know, in the last week, which has also added some tailwinds to the European markets. You've also got expectation of l ...

It has really been this AI optimism fueling the stock market's meteoric rise. Are you seeing signs of danger. >> Well, I think what Jim is saying like if you're getting too much debt issuance to finance to spending and the revenues are not meeting the expectations.I think that's where the collision could be in the markets. And so to his point like you're getting a narrow group of winners within the AI trade that maybe be meeting the expectations but several others cannot. And I think this is the tension is ...

Financial Performance & Shareholder Returns - Chevron aims to grow free cash flow at a 10% compound annual growth rate [3] - At a $70 oil price, Chevron could return 45% of its market cap to shareholders over the next 5 years through dividends and share repurchases [4] - Earnings per share growth is expected to be better than 10% annually if Brent stays above $70 through 2030 [4] - Break-even point to cover capital spending and dividends is below $50 [7] - Free cash flow is expected to triple from 2024 to 2026 at a $60 oil price [7] Production & Capital Expenditure - Production is growing at a 2% to 3% compound annual growth rate [9] - Capital expenditure is being reduced to a range of $18 billion to $21 billion per year through 2030 [8] - An additional $1 billion in cost cuts has been announced [9] - Synergies on the Hess transaction have been increased by 50% from $1 billion to $15 billion [9] Market Outlook & Strategy - The International Energy Agency's updated report shows demand for oil and gas growing to 2050 [13][14] - Chevron is in discussions to build data centers powered by natural gas, targeting large customers and off-grid power generation [19][20][21][22]