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Democrats offer to reopen government if health care subsidies are extended one year
CNBC Television· 2025-11-07 20:26
a fallout from the government shutdown and the airlines are actually green. Let's just bring in Emily Wilkins now to give us the breaking news on what we're learning out of the nation's capital as this stalemate has continued. Um Emily, what do we know.Scott, we just saw a brand new offer on the floor from Chuck Schumer and Senate Democrats, basically telling Republicans that they will vote with them to reopen the government as long as Republicans can agree with them to provide a one-year extension of those ...
Haven't seen the last leg of this bull market yet, says Key Advisors' Eddie Ghabour
CNBC Television· 2025-11-07 20:25
really clears the path for Tesla to hit $500 a share. Let's talk about that and more with Eddie Gabbor. He is the co-founder and CEO at Key Advisors Wealth Management.Eddie, I got to imagine that you're happy about this vote and Elon Musk having a trillion reasons to stick around. >> Absolutely. You're right.He's got a trillion reasons to try to win the AI race. And I think that's the big difference here when you look at Tesla is the bear the bulls or bears will debate on whether it's a car company or AI te ...
Russia's attacks on Ukrainian energy infrastructure have been relentless: Energy Sec. Chris Wright
CNBC Television· 2025-11-07 20:24
Joining us now on a CBC exclusive from Athens, Greece, Energy Secretary Chris Wright. Uh, Secretary Wright, thank you. I know it's very late there.We appreciate you taking some time on a Friday night out of your schedule, but it's a big deal. It's an important story. How much gas are we talking about going to Ukraine.>> Sounds super exciting to be here, Brian, with you. And yeah, Ukraine needs probably a little more than 150 BCF of additional gas into storage this winter. Some of that will come from the sou ...
OpenAI faces political fallout after CFO’s ‘backstop’ remark
CNBC Television· 2025-11-07 20:22
Government Relations & Policy - OpenAI faced a rare public stumble after its CFO suggested the US government could guarantee financing for AI infrastructure [2][1] - The White House quickly rejected the idea of a federal bailout for AI firms [3] - OpenAI CEO clarified that the company doesn't want or need government guarantees [3] - OpenAI is actively discussing domestic chip manufacturing with officials, aligning with the White House's interest in American-made silicon [3][4] - White House buy-in is critical in the AI race [5] Financial Projections & Strategy - OpenAI is on track for a $20 billion run rate this year [4] - OpenAI projects to hit hundreds of billions by 2030, which will fund its $1.4 trillion in compute contracts [4] Industry Dynamics - The AI sector is seeing a string of walkbacks, indicating a need for careful navigation of public perception and policy [5] - The US government believes that if one of America's multiple AI firms fail, others will fill the void [3]
Tesla's push to becoming a robotics company is a gamble, says WSJ's Tim Higgins
CNBC Television· 2025-11-07 20:22
And even your next guest is not so sure Musk can pull that off. Tim Higgins, a business columnist at the Wall Street Journal, CNBC contributor, by the way, literally wrote a book on Tesla and Musk called Power Play, Tesla, Elon Musk, and the bet of the century. Tim, welcome.Maybe you need to rewrite like the second book. Maybe this is the bet of the century because $1 trillion even by Musk standards is big money. >> Absolutely.And Musk is talking about how this is a new era, a new book for Tesla going forwa ...
IBM CEO: 'I think quantum today is where AI and GPUs were in 2015'
CNBC Television· 2025-11-07 20:00
Quantum Computing Roadmap & Timeline - The company has been following its quantum computing roadmap for over 5 years and expects quantum computers to solve surprising and amazing problems around 2028 or 2029 [2] - Quantum computing is currently at the same stage as AI and GPUs were in 2015, indicating significant future potential [5] Applications in Finance - HSBC used quantum computing for bond pricing and achieved 34% better pricing compared to overnight models [3] - A 5 basis points improvement in bond pricing across a $13 trillion bond market can lead to substantial profits and better results [4] - Quantum computing enables real-time portfolio construction, allowing selection of the most appropriate 10 assets from a pool of 1,000 based on individual risk profiles and market risk [4] Potential Applications Beyond Finance - Quantum computing can be applied to solve problems such as corrosion on aircraft wings and developing better fertilizers to save electricity [5]
Market may have misinterpreted recent rare earth events, says Canaccord Genuity’s George Gianarikas
CNBC Television· 2025-11-07 19:58
Canaccord Genuity’s George Gianarikas joins 'The Exchange' to discuss the price volatility in rare earth stocks, comments from MP Material's CEO and much more. ...
Cautious on home improvement trade in near-term, says Bernstein's Zhihan Ma
CNBC Television· 2025-11-07 19:57
Let's bring in Jihon Ma. He's senior analyst over at Bernstein. Covers many of these hardline retailers.Jihon, thank you very much. Let's first of all talk about just how much home improvement is going to be impacted by some of the dynamics that we saw out of Trex this week. >> Yeah.So, overall, we are still pretty cautious on the trend in home improvement, at least in the near term. Um, not only are we seeing still a fairly muted home improvement market based on Home Home Depot and Lowe's, their peers repo ...
Intel comes under pressure to win foundry customers
CNBC Television· 2025-11-07 19:57
All right, welcome back to the exchange. Tesla CEO Elon Musk saying he's considering a partnership with Intel and previewing plans for a gigantic chip fab that gave Intel a boost after hours, but shares are pairing some of those gains amid tech selloff today. Dear Drabosa has more in today's tech check and just how much should we put into this report of Intel Tesla maybe dancing around each other.>> Maybe you got to be skeptical of the report or at least you know hold and see what happens. But what it says ...
Job postings slowed to their lowest level since 2021, says Indeed's Laura Ulrich
CNBC Television· 2025-11-07 19:56
Labor Market Overview - Indeed's job posting index is at 101.7% nationally, indicating job postings are 1.7% higher than pre-pandemic levels [2] - The job posting index declined 0.8% in October and 2.3% in September, showing a slightly less sharp decline in October [2] - The labor market remains in a "low hire, low fire" environment, indicating a stagnant situation [12] Sector and Regional Variations - Healthcare and security sectors show strong job postings, with many engineering fields around 20% above pre-COVID averages [4] - Software development, data analytics, scientific research, and media sectors are down 30-40% compared to pre-pandemic numbers [4] - Regions hit hardest by layoffs and tech cuts have lower job postings, including Washington DC [5] - States like Idaho, Tennessee, and the Carolinas remain well above their pre-pandemic norms [5] Impact of AI - AI is not currently seen as a primary driver of mass layoffs [6] - Corporations are budgeting for AI, leading to a hold on new hires rather than massive firings [8] - AI's impact is more likely to be seen in less hiring rather than massive firing at the moment [8] Economic Factors - Tariffs and uncertainty contribute to the low hire environment [9] - The Indeed data serves as a good proxy for JOLTS data, providing insights into workforce dynamics [10]