AI Regulation & Policy - The White House AI and Cryptosar highlights the necessity of a single national or federal framework for AI regulation to avoid a confusing patchwork of state regulations that could hinder innovation and compliance, especially for small startups [2][3] - The EO aims to work with Congress to enact a federal framework for AI regulation, providing principles and tools to push back on excessive state regulations, while acknowledging the need for congressional legislation [5][6] - The administration's policy on chip exports is to allow the export of lagging chips but not leading-edge chips, with the H200 chip considered a previous generation chip acceptable for sale to China [9][10] AI Competition & Economic Impact - The US is in an AI race with China, not just in weapons but also in economics, as AI is expected to power the economies of the 21st century [7] - While the US is ahead in most AI categories, it lags in optimism, with only 39% of people in the US optimistic about AI compared to 83% in China [8] - Current data indicates job creation rather than job disruption due to AI, with a construction and energy boom, wage increases of 30% for construction jobs, and AI contributing to half of the 4% GDP growth [13] Semiconductor Independence - China aims to achieve semiconductor independence, which may explain why they are currently not taking US chips [10][11]

On the issue of drugs, is it is it accurate that you are considering an executive order to reclassify marijuana. >> We are considering that. Yeah.>> Are you planning >> because uh a lot of people want to see it the reclassification because it leads to tremendous amounts of research that can't be done unless you reclassify. So we are looking at that very strongly. ...

VEHICLES RETHINKS ITS BROADER PORTFOLIO. PHIL LEBEAU JOINS US NOW WITH FORD CEO JIM FARLEY. PHIL, TAKE IT AWAY.>> THANK YOU MORGAN. JIM, THANKS FOR JOINING US TODAY. WE JUST OUTLINED ALL OF THE CHANGES AND THE SPECIAL CHARGES THAT YOU WILL BE TAKING BETWEEN NOW AND THE END OF 27.I THINK EVERYBODY UNDERSTANDS WHY YOU'RE MAKING THIS DECISION. BUT WALK US BACK TO A COUPLE OF MONTHS AGO OR HOW LONG AGO WAS IT THAT YOU AND YOUR TEAM SAID, IT'S NOT WORKING WHAT WE PLANNED. WE HAVE TO COME UP WITH A NEW STRATEGY.A ...

Joining us now is Ever ISI senior managing director Julian Emanuel. Julian, you seem optimistic overall, but with AI having played such a big part in this market's multiple, can it really charge higher with now we're seeing turbulence both on the infrastructure side and some of the software. >> No, there's no question about the fact that the market is trying to digest it.And if you think about the the course of the AI trade over the last couple years, you've had these occasional what we would refer to as ai ...

Well, with China long a world manufacturer of toys, it's no wonder that companies are pumping out play things embedded with AI. >> Whether AI is in a bubble >> officially is a bubble. >> It seems everyone is talking about AI these days, even Ultra Man.Do you think that Wall Street should be worried about an AI bubble. >> The AI market has been on a wild ride lately. If investors pour too much money into unproven ideas without solid fundamentals, it could lead to a bubble burst.>> The AI toy is made by Chine ...

Uh, all right, Ed. Top of your note today to our producers, we have several concerns about 2026, which is interesting because I didn't hear from a single person who was on this program yet today or for that matter anybody who was on halftime earlier who has several concerns about 2026. What gives.>> So, first of all, I want to emphasize that these are concerns that may or may not come to fruition, but we got to look ahead and see what might happen. Top of the list is what what could go on with the Fed. You ...

>> WELCOME BACK. THE FINAL FULL TRADING WEEK OF 2025. OFF TO A BIT OF A LACKLUSTER START, BUT HOPES ARE HIGH FOR ANOTHER STRONG YEAR OF RETURNS.CHRIS TOOMEY WITH MORGAN STANLEY PRIVATE WEALTH JOINS US HERE AT POST NINE. NICE TO SEE YOU. NICE TO SEE YOU.DO YOU HAVE HIGH HOPES FOR 26 AND STRONG RETURNS LIKE THIS YEAR. >> WE DO. WE DO EXPECT IT TO BE A GOOD YEAR NEXT YEAR.>> YOU DO Y SO WHAT'S GOING TO CARRY IT. >> I MEAN I LOOK I THINK THERE'S A LOT OF SECULAR TAILWINDS. YOU TALKED ABOUT IT EARLIER ON THE SHO ...

Joining me now to discuss CNBC contributor Plexo Capitals Low Tony. It's good to see you. >> Good to see you as well.>> Think it's going to happen in the biggest ever. >> Yeah, I think so. >> $800 billion valuation today.>> Yes, >> man. What What does that make you think about when you think about a name and a and a valuation and a raise that big. It's big and I think it's one that everyone's been waiting for because this is one of the top five most valuable private companies and everyone's been waiting for ...

I don't see tariffs as being a major driver of inflation. Uh, you know, and I went through a lot I went through this in in in a lot of detail in my speech this morning about why I don't see that being the case. And I've been consistent about that being the case.Now, you might think that if I don't think that tariffs are driving inflation higher, then core goods will stay high for a long period of time, and that would be a problem if I wanted to cut rates. But I see so much disinflation in the pipeline becau ...

Joining us now with more on that China and maybe even a little touch of Venezuela is Kyle Bass, founder and CIO at Haymon Capital Management. Kyle, I hope you're ready because we got a lot of things that we want to hit with you. Are you ready. >> I'm ready.>> Let's do this. All right, let's kick things off maybe with the Federal Reserve. Obviously, you're very well known for subprime years ago.Some people suggest the Federal Reserve is making a policy mistake by keeping rates too high for too long. What say ...