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Fmr. Tesla executive Karim Bousta: Telsa's problems didn't start with Elon Musk's gov. involvement
CNBC Television· 2025-07-01 15:15
We referenced that the bill is flaring up those tensions between Elon Musk and President Trump. And what is it doing. Well, putting some pressure on the shares of Tesla, although not down as much as they were uh at the open.Musk is calling it insane spending and claiming the US is run by the Porky Pig Party. Here's how the He was a favorite of mine when I was young. Here's how the president responded this morning.He's upset he's that he's lo losing his EV mandate and he's accept you know he's very upset abo ...
Investors are rethinking infrastructure as the climate changes
CNBC Television· 2025-07-01 15:01
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 this bridge to expand so much that the bridge got stuck open. US infrastructure can't handle climate change.That's a recent finding by the American Society of Civil Engineers, which trains engineers and informs federal, state, and local building codes. According to that report, climate related challenges are widespread, affectin ...
J.P. Morgan’s Meera Pandit: Budget bill would be short-term positive, but deficit question remains
CNBC Television· 2025-07-01 14:57
talk all about this and very much more with me pand JP Morgan global market strategist mirror great to have you with us um very good morning to you snapshot I guess for me why don't we start there on the international pitches obviously US markets record highs bounce back very strongly but outperformed by a number of international markets has that changed the sort of perspective your clients have on on those markets or very much still focused on the US there is still a huge home bias towards US stocks but it ...
The resurgence of international exposure in the ETF space
CNBC Television· 2025-07-01 14:38
Let's talk about one more final one here and that theme has recently taken hold is whether international markets have been underperforming for so long that it is now maybe time to get into some of those. We're actually seeing even more tailored thematic investing like small cap international ETF exposure. Dave, how nuanced can we get about certain places that have underperformed and maybe are expected or predicted to outperform.Yeah, it's tough to get really excited about international as an investor becaus ...
ETF experts weigh in on the role of crypto in the ETF space
CNBC Television· 2025-07-01 14:36
Tom Lee, Fundstrat Capital’s CIO & Portfolio Manager and Dave Nadig, Independent ETF Expert, join CNBC’s Dominic Chu to discuss crypto, where it fits in when it comes to ETFs, and how it may be stuck between two narratives right now. ...
ETF experts on a theme-picker’s market
CNBC Television· 2025-07-01 14:36
Tom Lee, Fundstrat Capital’s CIO & Portfolio Manager and Dave Nadig, Independent ETF Expert, sit down with CNBC’s Dominic Chu to discuss how the idea of a “stock picker’s market” is now being placed by could be called a “theme picker’s market.” ...
ISM manufacturing PMI surprises to upside
CNBC Television· 2025-07-01 14:32
First, economic data just crossing the tape. Rick Santelli has that for us. Rick.Yes. Now, we're going to switch gears from S&P Global's PMIs in manufacturing to ISM. And the headline number better than expected.Expecting a number below 49. It comes in at 49. 49 equals where we were in March of this year.To find a a higher number, you go to you'd have to go to February. So, basically, this is the highest level uh since February. And if we look at prices paid, so sequentially higher also on headline prices p ...
Tesla investor Cathie Wood on the fallout between Trump and Musk
CNBC Television· 2025-07-01 14:30
I think what happened um and this could be considered a conspiracy theory but you know uh with Trump and Musk so close at one point uh and with China uh President Trump's primary focal point when it came to trade negotiations at the end of the day um you know Tesla's plants uh plant in Shanghai became a leverage point so I think they've separated naturally now I think I think it went a little overboard in terms of the drama. Uh and I think the same is true today. Uh I I do think uh that Elon Musk is getting ...
Cramer's Stop Trading: Kontoor Brands Inc
CNBC Television· 2025-07-01 14:28
What do you got stuff. Okay, watch this. All right, just watch this.Contour Brands this morning. Goldman puts it on his conviction list. Why.Because of Heli. I don't know if you know Heli. You know who that is.I thought Heli was from the TV show, right. Well, Hely Hansen is a brand that is so huge in Canada. They bought it.The deals just closed. I think they're going to blow out Hely Hansen. We all call that which is makes the best outdoor clothes I have ever had.We used it exclusively in British Columbia a ...
S&P global U.S. manufacturing PMI comes in at 52.9 vs. 52 estimated
CNBC Television· 2025-07-01 14:23
Who cares about basis points. Rick Santelli's got the PMI out just moments ago. Rick.Yes. You know, we're looking at a June final on S&P Global Manufacturing PMI. And normally going from midmon to final only has subtle uh changes, big change here.We went from 52.0% to 52.9%, which makes this the best manufacturing PMI reading by S&P all year. as a matter of fact, all the way back to May of 22, which really is something. And if you look at 2025, every month this year is above 50 in expansion territory.So, we ...