from the Federal Reserve. The board of governors has voted unanimously to reappoint the regional bank presidents for five-year terms beginning on March 1st, 2026. Typically, it's a routine vote, but there had been speculation about whether the administration would try to influence the reappoint process.But today's announcement was unanimous even meaning even Steven Myron on loan from the administration was in favor of these appointments. ...

Hi Morgan. So this is Costco's fiscal first quarter. They're they're turning in earnings per share of $4.50%.That is better than expectations for 427. Revenues also stronger than expected. This is total revenues inclusive of membership fees 67307 billion.The street was looking for 67.137% billion. Comp sales, we know we still get these from Costco regularly, but total for the quarter up 6.4%. Digitally enabled sales up 20.5%.The company did recently change how they're reporting that number. So, it's going t ...

What is FSOC. >> FSOC is the abbreviation for the Financial Stability Oversight Council. It was a council created in the wake of the financial crisis to make sure the financial system didn't blow up again.It's composed of top regulators. The Treasury Secretary is the chairman. The head of the Federal Reserve is on it.Top financial regulators from the federal and the state level are all part of the group. They're supposed to monitor the financial system. Over the years, what they have generally done is they' ...

Heath, good to see you. Great to have you here on set. >> Yeah, thanks for having me, John.>> I don't know if I've ever seen anything like this where there's a private company at this scale and valuation that's so influential over some of the biggest, oldest stalwarts in the market, in tech and media, and over the market itself. Have you. >> No.I mean, there's never been anything like this. I mean, people make comparisons to 1999. There is no comparison to be to be made.This is this is uncharted territory. ...

Uh, meantime, Lululemon earnings are out. Courtney Reagan has details from the report. Court.>> Yeah, John. And before I give you the details from the report, I have to let you know that CEO Kevin McDonald will be stepping down from Lululemon. There is going to be an extensive search, but in the meantime, the current CFO and chief commercial officer will step in to run as effective co-CEOs until a permanent successor has been named.McDonald has been with the company since 2018. And of course, as we've talke ...

Kelly. Yeah, let me walk you through it. First of all, Caroline Levit, the White House press secretary, just told reporters in a briefing here at the White House a short time ago that the US does intend to seize the oil on the tanker that has already been secured.That tanker will be moved to a US port. She said uh that officials are on board the tanker interviewing the crew, scouring the ship uh for information and evidence and ultimately an investigation will be launched as to whether the assets, the ship ...

what looks to be another record setting day on the street. >> It does. Um and led by a different group uh than we got used to for most of this year.So yeah, talking about this very very aggressive rotation toward cyclicals. It's been the takeaway from the net dovish message from the Fed. Uh what's interesting is now that we are basically within a few points of the old record in the S&P, it's 6 weeks ago, so you're basically at the same level the S&P 6 weeks ago.You have banks up like 7% since then. Uh trans ...

One of the standout stories of the markets in 2025, the participation of the retail investor. Even bigger than we might have thought according to some new data. Christina Partz joins us with more on that.What do we know. >> Well, retail traders are just having a breakout year. That's what we know.They're pouring money into markets at nearly double the 5-year average. That's 53% above last year's level. And this according to JP Morgan.So, what it's working, what are they doing. Well, JP Morgan says the winni ...

So, OpenAI has just unveiled GBT 5.2%, which it's billing as its most advanced frontier model yet for everyday professional use. Better at things like long multi-step tasks such as coding, spreadsheets, document analysis with far fewer hallucinations, according to the engineers who built it. Now, it's rolling out both in the consumer chatbot and via the API for enterprise customers.It also lands, as you said, on the same day as a new billiondoll investment and Sora content deal with Disney. Fiji Simma, one ...

Been a big year for the tech trade. The question now, whether 2026 will be just as robust. Deep Waters Gene Monster joins us now with his very own outlook for that space.It's good to have you. Welcome back. >> Hi, Scott.>> Let's talk about something in the here and now before we look ahead. That's Broadcom, which you do own, Deep Water does after the bell today. So, we I think failed the test yesterday with Oracle.What do we do today. stay the course and not only because we're early in AI, but we're also ea ...