Been a tough year. Has been a tough year. >> Say the housing's in the worst 50.>> Let's get the opening bell here in the CNBC deal time of change and the big board. It is Chipotle celebrating 4,000 restaurants. Talked to them a moment ago off camera at the NASDAQ fintech company Wealthfront celebrating its IPO today appearing on Squawk earlier this morning.Jim, >> we got to see Chipotle stock turn. Uh right now I don't think it can turn. Uh, and the reason why I I think it can't is because they haven't been ...

Gary Friedman last night uh guiding lower on margins takes us to a mad dash. >> No, it was not a call that if you're looking for upside. I think that in some ways and I went over this with Ben Stos, my research director, that RH is to housing as strategy is to Bitcoin.I mean, you just they're linked. >> You mean like a leverage play. >> Yeah.And and I feel like that if you're really sure that housing's going to come back, really really sure because if you're just kind of sure that's Home Depot, if you're re ...

Monetary Policy & Inflation - A Kansas City Fed president dissented due to inflation being too high and a largely imbalanced labor market [2] - The speaker has been saying for months that rates will be able to be a fair bit lower than they are today for 2026, but is uncomfortable front loading too many rate cuts and assuming that what we've seen in inflation be transitory [4] - The speaker wants evidence that tariffs coming off next year will cause inflation to fall, as the theory sounds like the argument of 2021's "transitory" inflation [13] - The speaker is one of the most optimistic people for one year from now about how far rates can go down, more than the median in 2026 [15] - The speaker wants to get evidence that inflation is going to be temporary, because there were some disturbing readings on services before the lights went out [17] - The speaker says that inflation has been above the target for four and a half years, and it's rising [20] Labor Market - Most measures of the job market have been pretty stable, and the chance that things in the job market would fall apart rapidly in the within 1 to 2 months before we would revisit this again, feel relatively low [5] - The unemployment rate is ticking up from 4% at the beginning of the year to 4040 basis points [10] - If the unemployment rate is for four and a half or under and stays there stably as long as it's coupled with some of these other rates, the vacancy rate, the hiring rate, the layoff rate, if those show stability [35] Fed Operations - The decision to come back into the market and purchase $40 billion of bills is a technical adjustment, not QE, intended to allow rate control, not to influence monetary policy [27] - The balance sheet is growing, but in an ample reserves regime, it's supposed to be a share of something, a share of bank deposits, a share of GDP [29]

>> ALL RIGHT, WELCOME BACK EVERYBODY. DUELING HEALTH CARE BILLS FAILING TO PASS IN THE SENATE AS THE OBAMACARE SUBSIDIES EXPIRATION DATE INCHES CLOSER. AND JOINING US RIGHT NOW TO TALK ABOUT THIS AND MUCH MORE IS REPUBLICAN SENATOR DAVE MCCORMICK FROM THE STATE OF PENNSYLVANIA.AND, SENATOR, THANK YOU FOR BEING HERE TODAY. GOOD MORNING. I'M ACTUALLY A LITTLE SHOCKED THAT WE ARE GETTING THIS CLOSE TO THE DEADLINE FOR THE SUBSIDIES BEING RENEWED, WHERE MOST PEOPLE HAVE TO.THE DEADLINE FOR SIGNING UP IS MONDAY. ...

Disney's $1 billion investment in Open AI and its move to let fans make AI videos with its characters opening the door for other studios to consider similar deals or risk potentially falling behind. Here's Disney's CEO Bob Iger on CNBC with David Faber yesterday. >> We've been extremely impressed with OpenAI's growth and what Sam and his team have been able to achieve.And of course on top of that was their uh appreciation for our content and their willingness to license it and their willingness to help us p ...

Our next guest argues that allowing China access to advanced chips puts national security and the American AI industry at risk. Joining us right now is chip war author Chris Miller. He's an associate professor at TU's Fletcher School.And and Chris, you've got some pretty strong feelings about this. Do you think that national security is taking a backseat to profitability. Well, I think that's the concern in the administration's decision to allow more AI chips to flow to China.You know, right now the US has ...

AI startups like OpenAI and Anthropic are notoriously capital intensive. But where does all that money go. Joining us now is Immad Akund, co-founder and CEO of Mercury, uh a fintech that offers bank-like services to many of those startups.So, uh Immad, uh interesting spot in the business here. Just set us up though and talk about exactly what your firm does, where you come into, uh the picture, I suppose, once these startups get funded. Yeah.Uh we started the company in 2017 and we provide radically differe ...

The CNBC NRF retail monitor is out for the very important shopping month of November. Our senior economics reporter Steve Leeman joins us right now with the exclusive results. Steve, what's the verdict.Are they shopping. >> Uh, good morning uh Becky. November holiday shopping getting off to a lackluster start according to the CNBC NRF retail monitor monitor.But the results it battled some calendar issues that hold out hope that a season saving spending rush could come in December. Let's take a look at the d ...

Fintech platform Wealthfront going public on the NASDAQ today under the ticker symbol WLTH. It priced its IPO at $14 per share. That was the top end of the expected range.Joining us now first on CNBC is Wealthfront CEO David Fortonado. David, good to see you. >> Thanks for having me.>> Big day uh for you. And you know, I was saying we kind of remember this industry as we used to call it the robo advisor industry, the sort of automated investment services from 15 years ago. Well, at the time it seemed like, ...

talking about the economy and maybe what the Fed's going to do. Uh we're going to talk about that, the markets, uh and everything else. Want to bring in David Servos.He is chief market strategist at Jeffre, a CNBC contributor. Uh good morning to you. We'll talk to Austin Goldby later.I'm curious what you thought of what you heard earlier this week from the Federal Reserve and uh what you think it portends and were you surprised that the equity markets actually moved up on the back of this news. You [clears ...