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Small and mid cap area is a place for significant growth, says Aperture's Peter Kraus
CNBC Television· 2025-07-01 13:21
Let's talk a little bit more on markets right now. Joining us is Peter Krauss. He's the chairman and CEO of Aperture Investors.And Peter, we're coming off a really strong quarter, up better than 10% for the S&P 500, the best quarter since 2023. Um there are questions about whether it can last. A lot of good things that are happening right now.Um but we saw what happened in April with tariffs being put in place that were much higher than anticipated. We're against another deadline now, July 8th and 9th, when ...
President Trump: Spending bill could pass with Senate today
CNBC Television· 2025-07-01 13:14
We're going to have to see the final version. Now, I don't want to go too crazy with cuts. I don't like I don't like cuts.Uh there are certain things that have been cut, which is good. I think we're doing well. We're going to have to see.It's very complicated stuff. Uh great enthusiasm, as you know. It's tough.We're trying to bring it down. Break it down so it's really good for the country. Trying to get a lot for everybody.And it's a big bill. And uh smaller bills would have been easy, but they wouldn't ha ...
Republic co-CEO Andrew Durgee on the launch of SpaceX token
CNBC Television· 2025-07-01 13:09
through again, that's President Trump making those comments on the white House lawn. >> Okay, let's get back to our guest. Joining us right now again, Andrew Turkey.He's the co-CEO of investing platform Republic Republic, announcing it launched a SpaceX token, of course, SpaceX owned by Elon Musk, which mirrors the performance of private shares of the company. Actually, you know what. Before we even go there, let me just ask you, since we've been watching this together.Sure. One of the big questions about, ...
LIVE: Federal Reserve Chair Jerome Powell speaks at an ECB panel in Portugal — 7/1/2025
CNBC Television· 2025-07-01 13:03
Federal Reserve Chairman Jerome Powell speaks at a European Central Bank forum on Tuesday morning. The panel focuses on the macroeconomy amid policy shifts. It takes place in Sintra, Portugal. Other panelists include: Andrew Bailey, Governor of Bank of England; Christine Lagarde, President of European Central Bank; Chang Yong Rhee, Governor of Bank of Korea; and Kazuo Ueda, Governor of Bank of Japan. Powell's commentary comes after the U.S. Federal Reserve once again held interest rates steady at its policy ...
Rep. Jason Smith on tax bill: I strongly oppose the argument that this bill adds to the deficit
CNBC Television· 2025-07-01 12:53
The House of Representatives waiting to see if the Senate signs off on President Trump's sweeping tax and cut spending cut and spending bill. Joining us right now with where things stand at the moment is Ways and Means Committee Chairman Jason Smith. And chairman, thank you for being with us today.It's always great to be with you. So, Congressman, let's talk through what's happening. The House sent a bill to the Senate, told them, "Don't touch much of this because we have very thin margins in the House. If ...
President Trump: Elon Musk could lose a lot more than just the EV mandate
CNBC Television· 2025-07-01 12:52
We do have President Trump. He's just been departing the White House. He has some comments that were taped as he was leaving and here's what he has to say.It's the East Coast version and it should be very exciting, very good. Worked very hard on it with Ron and everybody and I think it's going to be great. And then I'll be back here fighting for the bill and I hear it's going okay.We'll move it along. Uh but we'll be back here pretty early. Mr.. Who thinks the president used warning some Republicans not to ...
Ark CEO Cathie Wood: We will move from a 'rolling recession' into a recovery
CNBC Television· 2025-07-01 12:15
The S&P 500 closing at a record high to finish the first half. The Arc Innovation ETF trading now near a 52- week high, up nearly 24% year to date. Joining us right now, first on CNBC's Arc Invest chief investment officer and CEO, Kathy Wood, good morning uh to you as we uh set up for the second half here, Kathy, I think there's a lot of folks who are trying to figure out how have things already run.Um what's baked into the cake and what isn't in your mind. Well, I think we have been um climbing a wall of w ...
Rising Risks: Investors rethink infrastructure
CNBC Television· 2025-07-01 11:57
Welcome back to Squawkbox. A recent report card on the nation's infrastructure gave barely passing marks for us and highlighted a glaring and growing vulnerability in everything from bridges to ports to energy to communications and beyond. Dianic explains in her continuing series on the rising risks from climate change [Music] at Fort Lauderdale International Airport.Historic rainfall turned runways into rivers, shutting it down and stranding passengers. And in New York City, extreme heat caused metal on th ...
There's no way the Fed's cutting rates this year, says Discovery's Robert Citrone
CNBC Television· 2025-07-01 11:48
everything wood should be. >> All right, welcome back everybody. We've got a lot of ground to cover with our next guest equity and credit markets, emerging markets, the fed currencies, real estate and why he expects a correction in the S&P 500.Joining us right now is Rob Citroen. He is the founder and portfolio manager at Discovery Capital Management. That's a hedge fund that invests in public and private markets with a particular focus on emerging markets.And by the way, they manage, I'm told, around $3 bi ...
Oil supply is set to grow 4x more quickly than demand this year, says Goldman Sachs' Daan Struyven
CNBC Television· 2025-07-01 11:32
All right, let's take a look at WTI this morning. Crude oil up by about 1% 6577. It's dropped down from the rough roughly $75 level that we saw just a couple of weeks ago when Israel and Iran were firing missiles at each other.Joining us right now is Don Striven. He is Goldman Sachs co-head of global commodities research and it's the um beginning of a new quarter. So, let's look back at what happened last quarter, Don, and just kind of walk through things.WTI was up 7% for the month, but it's down 9% for th ...