All right, welcome back. Let's hit another CNBC exclusive retail reporter Gabby Fon Rouge has a new story right now on CBC. com about Nike and how it is laying off some management.A story that you will only hear here. Gabby, welcome. What have you found out.>> So, what we found out today is that Nike is laying off less than 1% of its corporate staff. Nike has about 77,000 employees worldwide, but a lot of those people are part-time store employees. So, we don't know the exact number of people that are going ...

EV Startup Slate's Potential - Slate is targeting the affordable EV market, differentiating itself from high-end EV manufacturers [2][3] - Slate's simplified manufacturing process, including injection-molded body panels, aims to reduce capital expenditures [3] - The average vehicle cost is approximately $48,000, creating an opportunity for more affordable options [4] - Slate's pickup truck size is reminiscent of the smaller, commuter-focused pickups of the mid-90s [5] Challenges and Risks - Scaling manufacturing and supply chains is a significant challenge for EV startups [6] - Sourcing components solely from the US may shield Slate from tariffs but could increase costs [8] - The removal of federal incentives for EVs impacts the final price for consumers [9] - Pre-order numbers can be misleading and may not accurately reflect actual sales [11][12] - Increased competition is expected with Ford and other manufacturers entering the small EV pickup market [13][14] Pricing and Market Positioning - Slate initially announced a price of around $27,000, which was expected to be reduced to approximately $20,000 after federal incentives [9] - Vehicles priced below $30,000 could appeal to first-time buyers and those seeking affordability [10] - Maintaining the target price point will be challenging but crucial for success [14] Production Capacity - Slate's plant has a production capacity of 150,000 units [10]

Jason Wear is chief investment officer at Albon Financial Group. He also is not going anywhere. Um I guess the question Jason is is Nvidia are you as a stockholder worried that 56% of their accounts receivable are three companies.>> Yeah, we're not worried at all because you know as Christina pointed out these are the companies with the most financial firepower and they continue to spend and that's what they tell us every quarter. They're hyperscalers. They're saying we're spending a ton of money.And to jus ...

Welcome to CNBC. com. I'm Frank Holland, anchor of Worldwide Exchange.CNBC is celebrating Black Business Month in August. And today we're joined by the managing partner of Fairview Capital, Dr. . Cola Olaf Fimboa.Again, managing partner of Fairview Capital. Doctor, thank you for joining us. >> Thank you very much for having me.>> I think the natural question here is how does a medical doctor because you are an MD turn into an investor. What was that journey. give us give us the you know the shortened versio ...

So, I'm going to shut up because Tom Lee is here on set. Tom, thank you for coming on. Really appreciate it.>> Yeah, great to see you. Brian, >> I know a lot of people want your take on a video and we'll get all that stuff. How has it been in like an April you remain bullish even when everybody was running around with their hair on fire.Is it hard like do you get do people come at you and be like, "How could you be so bullish all the time, Tom Lee?" >> Uh, yeah. I think that we get more criticism than posit ...

on California's economy. Today, we're looking at agriculture. California is the largest state producer and exporter of a products, growing more than a third of the country's vegetables, fruits, and nuts.Agriculture employs more immigrants and undocumented immigrants than any other industry in the state, according to the nonpartisan Bay Area Council Economic Institute. Our Kate Rogers is back with us from San Francisco. Kate, hi John.When looking at farm workers specifically here, 75% are immigrants and a th ...

Termination & Authority - Robert Primus's termination from the Surface Transportation Board is considered deeply troubling and legally invalid [1] - The termination email originated from a member of the Office of Presidential Personnel, an individual Primus was unfamiliar with [4][5] - The email stated the president terminated Primus's position without providing a cause [3][5] Alleged Justification & Primus's Defense - The White House commented that Primus was not in line with the "America First" agenda [7] - Primus defends his record, stating he has been pro-growth and pro-America during his four and a half years on the board, citing his engagement with various sectors like coal miners, manufacturers, and the agricultural sector [7][8] Merger Concerns & Competition - The proposed $85 billion merger between Norfolk Southern and Union Pacific is a significant issue for the board [8] - Primus has publicly refrained from commenting on the merger but has previously voted against the CPKC merger due to concerns about further consolidation and its impact on competition [9] - Concerns exist regarding the effects of consolidation on shippers, rates, and the overall public, including increased consumer costs [10] - The industry is worried about service problems that often follow mergers, which have historically resulted in significant financial losses for the manufacturing base and increased consumer costs [10][11]

Well, my next guest just raised his price target on Nvidia to $228 from 210, about 27% higher from where we are today. Staying focused on the longer term opportunities, let's bring in truest securities senior analyst William Stein. Will I curious what you think about this concentration of demand issue and about the the idea that I'm putting forth here that really the hyperscalers might not be the shapers of demand so much as their customers are.they're more aggregators of it. So maybe it's not like the same ...

is where we start today. Christina Parts Neils has more on that story. Christina, >> hi John.Well, Nvidia just revealed in its 10Q that three customers account for 56% of its accounts receivables igniting this big debate over concentration risk. The bare case. So if Microsoft, Google or Amazon suddenly prioritize software efficiency over hardware expansion or hit pause on AI spending, Nvidia's revenue engines seizes up.Bulls see market reality, not risk. Only a handful of companies can write 10 plus billion ...

Little more on Nvidia earnings. Evercore ISI says the positive commentary around Nvidia's Blackwell ramp could lead to big gains for suppliers and AI server vendors alike. Names like Amphanol, uh, Verdive, Dell, and HPE, all up nearly 2% so far this week.Ever says that group could see more upside ahead, especially as Nvidia expects to see 3 to4 trillion dollars worth of AI infrastructure investments by the end of the decade. Now, while my next guest also likes Nvidia, she sees another chip maker nipping at ...