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Faber Report: Softbank close to investing an additional $30B in OpenAI
CNBC Television· 2026-01-28 16:32
Um guys, I wanted to move on to another important story of course involving a private company that we talk about a lot here, Open AAI and reports of course of its fundraising effort that has been underway for some time. Remember it was a 100 billion dollar. We've heard a lot of different things. There's been a lot of reporting on it at different amounts and where it stands.Uh what I can tell you is according to people familiar with the situation certainly Soft Bank is in for 30 billion that has been reporte ...
Bessent: Trump lowered 'temperature' on Minnesota, wants to avoid shutdown
CNBC Television· 2026-01-28 16:15
Pre president President Trump has brought down the temperature on the situation. He's in constant contact and he is urging them not to shut down the government and again that much of what came what happened during the shutdown or some of what happened during the shutdown that gets pushed into this quarter but especially on the service side when the government shut down that never comes back. So there there's a big permanent loss.I hope the Democrats won't do that again. ...
Mamdani: ICE 'deserves to be abolished'
CNBC Television· 2026-01-28 16:00
Do you think ICS is coming to New York City. >> We're going to do everything in our power to ensure that we see elsewhere. We keep making the case directly directly to the president, directly to New Yorkers, to Americans, that these kinds of actions, they are the actions of a reckless agency that is operating with impunity.One that deserves to be abolished, frankly, and that they do nothing to actually serve public interest. The other thing I'd say is you have to prepare in advance. In the same way that wit ...
Mamdani says NYC must hike taxes on rich to fill $12 billion deficit
CNBC Television· 2026-01-28 15:30
The prior mayoral administration has left us with a12 billion dollar fiscal deficit. And this is at a scale that's actually greater than what we saw here in New York City during the great recession. And it's something that is attributable to gross fiscal mismanagement, to a refusal to actually budget honestly and be direct with New Yorkers.And that's what we're going to actually do today. >> Okay. So the big question is assuming that that is the hole, how do you fix the hole.>> Well, I think the first way i ...
People don't know how much credibility to put behind Trump's tariff threats: CFR's Michael Froman
CNBC Television· 2026-01-28 15:09
The US and Canada seeing new trade tensions as Washington signals a tougher approach on tariffs and Ottawa's ties with China. Joining us right now is Michael Froman, Council on Foreign Relations President and former US Trade Representative. There's been lots of talk, as you know, about what's happening now between the US uh and Canada, what that relationship ultimately looks like, but maybe more importantly, what Mark Carney said last week.And I'm curious whether you think Mark Carney's speech was not eithe ...
Fmr. White House CTO on social media's 'addiction trial': A blunt instrument to bring accountability
CNBC Television· 2026-01-28 15:08
Meta and Alphabet are on trial in Los Angeles this week, facing allegations that the design of Instagram and YouTube leave young people addicted to those apps. Joining us right now is Anish Chopra. He is former White House chief technology officer during the Obama administration.And Anish, we've been speaking um for several years about what to make of the social media companies, where things stand, what government has done well, and where government um has not done a very good job. What what do you think of ...
NYC Mayor Zohran Mamdani: The city must increase taxes on the wealthiest to fill $12B deficit
CNBC Television· 2026-01-28 15:08
I am downtown at city hall this morning and joining me right now in an exclusive interview is New York City Mayor Zoran Mandani. Uh we've h wanted to talk to you for a very long time about so many different issues going on with the city. But uh I know that you've been uh working on the budget and that is one of your first priorities and so let's go there. Absolutely. Because I know that this morning I believe you're planning to make some announcements about the budget. >> Yes. Well, first I want to say it's ...
Expert market panel on President Trump's desire for a weaker dollar, and the impact on your money
CNBC Television· 2026-01-28 15:04
Let's bring back our panel. Craig Johnson of Piper Sandler, Joel Kina of Web Bush, and Brian Gardner of Stifel. And we still have so much to get to here before the end of the hour.We just talked about dollar right before the break. So Craig, I'm going to come to you on this one because you got the dollar index falling below a key technical level, four-year low, and this decoupling again between the dollar and treasuries, which reminds me of liberation day, post liberation day market trading last year. >> Yo ...
Starbucks reports mixed quarterly results as company's turnaround propels traffic growth
CNBC Television· 2026-01-28 14:48
Starbucks just reporting earnings of 56 cents per share. It did miss estimates of 59. Now revenue coming in at $9.9% billion.That topped street expectations of $9.7% billion. Global comp store sales rose by 4% beating estimates of 2.3% and US comp store sales were also up 4%. China comps rising by 7%.CEO Brian Nichols said the Q1 results demonstrate that it is back to Starbucks strategy is working and they believe they are now ahead of schedule. As for guidance, the company sees fullear earnings of $2 to5 $ ...
5 Things To Know: January 28, 2026
CNBC Television· 2026-01-28 12:07
Five things to know ahead of today's opening bell. The Fed will announce its latest interest rate decision. That's coming at 2 PM Eastern time.Investors expecting no change in the federal funds rate, but we will be paying close attention to Fed Chair J Pal's news conference for any clues about the future of rate paths. Elephants Health, formerly known as Anthem, out with its fourth quarter results. Those earnings beat expectations.revenue was a little bit light. Eleance shares though were down 14% yesterday ...