For more, let's bring in Western Digital CEO Irving Tan. Irving, it's really great to have you here. Welcome.>> Thanks, Kelly, for having me. >> Can you just describe what it's like running a company through a period like this. >> Uh, it's exciting.It's crazy, but it's exciting, and it's a great opportunity for us to really show what we are able to deliver to our customers and to the market. >> But did were were you ready. At what point did you wake up one day and go, "Wait, whoa, whoa, wait a minute. There ...

GameStop shares famously soared 1600% in January 2021 before plunging over 80% in a week. That taught many young investors a valuable lesson about risk and reward. Victor Rebilla was in high school when he put an initial $50 investment into the meme stock craze.He rode the wave up and got out before it bottomed out. I think having that hands-on experience was super valuable and I don't really think that's necessarily something that you can really be taught. >> Since the meme stock mania, an increasing numbe ...

Kevin Worsh is a former Fed governor, has a reputation as a bit of a maverick. He believes basically that the Fed needs kind of a house cleaning. >> This isn't the first time you've heard me in the last decade say we need regime change at the Fed.It's not just about a person. It's about an approach to economics. It's about approach to what they're doing.And I'm troubled when I see them moving the goalposts. >> Not just Trump, but other administration officials. They want to see somebody go in there and just ...

Deerra Bosa has more in today's tech check. Dearra, >> hey Kelly. So the early shift in earning season is how the market is pricing AI.It's become Googleesque, meaning that investors are rewarding companies that really own the full stack of AI. So through that lens, uh Meta spending it does look bullish. It's expensive, yes, but it's also internal.Meta controls the models, the infrastructure, the distribution. So that is the control the full control that the market is rewarding these days. Microsoft by cont ...

Front and center this hour, a new Fed chair is named. Markets are reacting today to Kevin Worsh's nomination. We'll trade that and of course the Apple aftermath along with the rest of tech today.Joining me for the hour, Stephanie Link, Jim Leventhal, Rob Sich, and Josh Brown. Let's go to the markets where we are red across the board today with the Russell 2000 uh because rates watching that obviously and what's happening in some other areas of the market. The Russell's given back more than anything else, bu ...

OpenAI now reportedly looking at the fourth quarter at this point to go public joining SpaceX possibly anthropic in what could be a record setting year for public listings. It does come after some eyepopping levels of money changing hands in private markets just this week. We reported OpenAI now on track to raise as much as a hundred billion from Amazon and others anthropic closing part of what could be a 20 billion round.SpaceX also reportedly considering merging with XAI or Tesla. All of this deal making ...

After much Wall Street and Main Street anticipation, President Trump has announced his nominee for Federal Reserve chairman: Kevin Warsh. CNBC’s Steve Liesman discusses the choice, what it means for the markets, especially given Warsh’s history of critiquing the central bank itself. Exxon Mobil posted strong results this quarter, despite oil’s price decline. Exxon CEO Darren Woods discusses the global oil supply and Venezuela’s future. Plus, Maryland Governor Wes Moore discusses the future of the Democratic ...

GameStop shares famously soared 1600% in January 2021 before plunging over 80% in a week. That taught many young investors a valuable lesson about risk and reward. Victor Rebilla was in high school when he put an initial $50 investment into the meme stock craze.He rode the wave up and got out before it bottomed out. I think having that hands-on experience was super valuable and I don't really think that's necessarily something that you can really be taught. >> Since the meme stock mania, an increasing numbe ...

Well, the precious metals trade is unwinding today with the Warish nomination boosting the dollar and halting the flight to safe haven assets. And silver is tanking 17% on track for its worst day since 2011 and under 100 again. Uh now down 20% actually with gold falling about 6 and a.5%.Now looking back at gold's drop in October. If we see the same retracement this time that could bring prices down to about 48.50% 50 according to Miller to backs Matt Mey, but he added a 50% retracement isn't out of the ques ...

If Congress doesn't pass the government funding bill by Friday at midnight, agencies that would close include not only the Department of Homeland Security, but also the Treasury Department, the Defense Department, and the Transportation Department. Other agencies that would be impacted include education, housing and urban development, and Health and Human Services. You could see less TSA agents at airports, air traffic controllers working without pay, federally funded daycare start to taper down.You could a ...