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Meta beats on top, bottom lines, gives stronger-than-expected forecast
CNBC Television· 2026-01-28 21:45
Meta beating on the top and bottom line. EPS of $8.88% versus estimates of $823. Revenues of 59.89% billion showing 24% revenue growth.That's actually an acceleration from the third quarter pace of growth. Analysts had been expecting it to dip slightly um and coming in ahead of estimates of 58.59% billion. The key number here is capex, the company guiding to capex for uh the full year of 2026 in a range of 115 to 135 billion.That is ahead of estimates of about 110 billion. They say this year-over-year growt ...
Powell: Economy is on 'firm footing'
CNBC Television· 2026-01-28 21:30
Uh my colleagues and I remain squarely focused on achieving our dualmandate goals of maximum employment and stable prices for the benefit of the American people. The US economy expanded at a solid pace last year and is coming into 2026 on a firm footing. While job gains have remained low, the unemployment rate has shown some signs of stabilization and inflation remains somewhat elevated. ...
Fed Chair Jerome Powell: Best thing we can do for affordability is keep inflation at 2%
CNBC Television· 2026-01-28 21:03
You talked about how consumer spending is uneven. The president calls inflation defeated and solved. The FOMC says it's a somewhat elevated inflation, but you talked about those customer survey or those some consumer sentiment surveys and public opinion polls that show that most families say the cost of living is still issue number one.What is the conversation around the table with your colleagues about how wealthier consumers seem to be driving so much of the economy and why so many families still feel lik ...
Powell on Fed independence: 'It's very important'
CNBC Television· 2026-01-28 21:00
The point of of uh independence is not to protect policy makers or anything like that. It just is that every advanced economy democracy in the world has come around to this common practice. It's just an institutional arrangement that is that has served the people well and that is to to have a separation between uh to not have direct elected official control over the setting of monetary policy.And the reason is that monetary policy can be used, you know, through an election cycle to to affect the economy in ...
Senate Agriculture Committee prepares to host crypto market structure hearing: CNBC Crypto World
CNBC Television· 2026-01-28 20:55
On this week's episode of CNBC Crypto World, major cryptocurrencies faced pressure after investors tried to make sense of a framework of a deal in President Trump’s push for Greenland and the Federal Reserve’s first rate decision in 2026. Plus, the Senate Agriculture Committee prepares to host a hearing on crypto market structure. And MoonPay President Keith Grossman discusses a new multi-year partnership with the X Games, known for action sports. Chapters: 00:00 Introduction 00:37 Crypto under pressure 2:0 ...
Powell on tariffs' impact on prices
CNBC Television· 2026-01-28 20:45
Has the effects of tariffs um already moved through the economy on prices. >> A lot of it has. So basically uh there are many different estimates and and they're all highly uncertain, but most of the overrun uh in goods prices is from tariffs.And that's actually good news because if it weren't from tariffs, it might mean it's from demand. And and you know that's that's a harder problem to solve. We we do think tariffs are likely to move through and be a one-time price increase.So most of the overshoot if yo ...
Fed Chair Powell on attending Supreme Court's Lisa Cook case hearing
CNBC Television· 2026-01-28 20:30
You know, you attended the Supreme Court uh hearing last week on the Lisa Cook case uh and Treasury Secretary Scott Besson criticized that as political. Can you say why you attended and uh what you would say in response to the secretary's criticism. >> So, let me start with I I [clears throat] don't respond to comments by other officials, whoever they may be.It's just uh not appropriate to do that. I will tell you why I attended. Um, I would say that that case is perhaps the most important legal case in the ...
Powell: Fed will make policy decision on a 'meeting-by-meeting' basis
CNBC Television· 2026-01-28 20:15
We are well positioned to determine the extent and timing of additional adjustments to our policy rate based on the incoming data, the evolving outlook, and the balance of risks. Monetary policy is not on a preset course and we will make our decisions on a meeting-by-meating basis. ...
Tech will continue to exceed expectations and the stocks will do well: Silvant's Mmichael Sansoterra
CNBC Television· 2026-01-28 19:52
Let's bring in Michael Sanseta, Silvin Capital CIO, who has six of the Mag Seven in his top holdings, and they're at each other's throats lately, Michael. Welcome. Um, you concerned about this kind of grinding.I hesitate to call it underperformance, but the triple Q's are roughly flat since October. >> Yeah, it's sad when flat is underperforming, right. You've seen such a rip in small cap and midcap that everybody wants all stocks to work all the time.No, it's okay. Uh, you know, earnings and free cash flow ...
Central bank policymakers hold steady on interest rates in January
CNBC Television· 2026-01-28 19:51
I don't know. By the way, Steve Leeman, the Fed's call on interest rates now. >> The Federal Reserve pausing after three consecutive cuts, maintaining the rate of 3 and 1 half to 3.75%.There were however two dissents. Governors Waller and Myron both desenting, favoring a quarter point cut this time. there.They kept the language that they used last time to single a pause saying that in considering the extent timing of additional adjustments to the target range. That was what signal a pause last time perhaps ...