Economic Outlook - The economy is considered very healthy, with potential for a significant boom next year, contingent on lower interest rates to facilitate investment spending, particularly in infrastructure for factory construction [6][7] - Non-financial corporate productivity growth has risen by 35% in the last four quarters [6] - Tariffs have not had the anticipated negative effects, and lower rates are needed to strengthen interest-sensitive sectors, as inflation is a lagging indicator [7][8] - The market reflects confidence in current policies, indicated by tight credit spreads and strong performance in both bond and equity markets [17] Fiscal Policy & Investment - Full expensing for factories is permanent, which will spur a supply-side boom evident in GDP data, with further acceleration expected next year [5] - Capex grew nearly 15% in real terms in the first half of the year, the largest increase since 2011-2012, excluding the pandemic period, which typically precedes hiring cycles and manufacturing job growth [10] - The bill providing 100% expensing for factories, with a normal shelf life of nearly 40 years, allows full expensing in year one, effective until 2028 [11] Labor Market & Wages - Real wages fell, impacting consumer sentiment [13] - Blue-collar workers have seen a 16% annualized increase through November of this year, marking one of the largest increases in the last 60 years at the start of a new administration [15] - Rising participation in the job market and new highs in the stock market contradict claims of economic misery [18] Tax & Revenue - Revenue share of GDP is over 17%, with spending being the primary concern [20] - Maintaining low taxes on labor and capital is crucial for fostering growth, creating goods, services, industries, and jobs [24] - If the economy grows at 3%, approximately $4 trillion more in revenue could be generated compared to CBO predictions, benefiting the long-term budget outlook [24] Deficit & Debt - Deficit numbers have improved under the current administration [28] - The tax cuts and jobs act effectively paid for itself, considering CBO scoring and revenue outcomes [28]

Joining us now, Walter Isacson, Pereella Weineberg advisory partner. Uh, Tain University history professor. >> I can't believe I took Tain. I thought they could, you know, they got >> You thought too lane was going to be >> I thought they they were getting like 20 points or something. They was horrible. Um, and Elon Musk, biographer and a CNBC contributor. >> We're going to talk about two lane though. >> Yeah. Yeah. Because you immediately sat down and said, "Don't ask me anything about El Salvador. I don't ...

Our breaking deal story literally just moments ago. Paramount now amending its $30 per share allcash offer for Warner Brothers Discovery in response to WBD's concerns about that bid. The per share offer price not changing, but Paramount says in response to the Warner Brothers filing and comments made by WBD principles and advisers in television appearances, including on squawk, that it's doing a whole bunch of different things uh in six different ways.And we're going to get into all of it. Jerry Cardell is ...

>> WON THE RACE FOR FED CHAIR LOOKS TO BE ENTERING ITS FINAL PHASE. SAID THIS A FEW TIMES. OR DOES IT.BECAUSE NOW WE'RE BACK TO 4 OR 5 AGAIN. IT'S FOR SENIOR. >> YOU MISSED THE DROPPING OF THE ONE WHEN YOU WERE OUT.>> NO, I WAS READING IT THIS MORNING THAT BOTH KEVINS ARE BACK IN. WALLER'S IN AND READERS. RIGHT.OKAY. I SAW THAT SENIOR ECONOMICS REPORTER STEVE LIESMAN JOINS US WITH THE DETAILS. HEY, STEVE.>> JOE, PRESIDENT TRUMP'S EXTENDED SEARCH FOR THE NEXT FED CHAIR REACHING THE END GAME WITH A FLURRY OF ...

We do have some breaking news uh that we need to tell you about. Uh literally crossing the tape as we speak. Paramount Skyance amending its $30 per share allcash offer for Warner Brothers Discovery in response to WBD's concerns about the bid.Paramount still offering to buy 100% of the outstanding shares of WBD and assume all the assets and liabilities. The per share offer price is not changing. It does not appear to be.But Paramont says in response to a Warner Brothers filing and comments made by WBD's prin ...

The IPO window open once again which could offer relief for some limited partners who have been strapped for quite some time for liquidity over the past decade as more companies stay private for longer. Joining us right now is Haninada uh co-founder of Acme Capital. He has backed the likes of Alibaba, DraftKings, SoFi and so many other companies through multiple venture capital cycles.But this has been a particularly unique one in terms of just the length with which these companies have remained private. Wh ...

Government Accountability and Transparency - Senator McCormack initiated a letter to shareholders, mirroring practices from his business background, to enhance accountability and transparency with Pennsylvania constituents [1][2][3] - The letter aims to report on promises made, deliverables achieved, shortcomings identified, and future expectations, fostering engagement and forthright communication [2][3] Key Policy Areas and Progress - Senator McCormack highlighted progress in slowing the flow of fentanyl across borders, citing President Trump's agenda and congressional legislation, though noting 4,000 Pennsylvanians died from it last year [4] - Energy dominance and unlocking energy resources in Pennsylvania and America are identified as significant achievements [5] - Permitting reform is an area where faster progress is desired [6] - The working families tax cut, attributed to the Trump administration and Congress, has increased disposable income for American families [6] Challenges and Future Focus - Healthcare costs, energy prices, and housing prices require further attention and reduction [7] - The national deficit and $38 trillion of debt are significant concerns needing substantial progress [7] - The Affordable Care Act is viewed as failing to deliver lower costs, improved quality, or greater access, necessitating healthcare reform with transparency, competition, and consumer choice [11] - COVID subsidies are a point of contention, with Republicans unlikely to support their extension in current form due to fraud and subsidies for high-income earners [13] Fiscal Policy and Economic Growth - The current fiscal path is unsustainable, requiring a bipartisan process to address debt and deficit [19][21] - Senator McCormack expressed hope that appropriations bills could be passed to bend the spending curve [20] - Pro-growth policies, deregulation, energy dominance, and foreign investment are expected to drive strong economic growth [24][25] - Ensuring working families participate in economic growth remains a priority [26]

Looking at the bond market, spec specifically the two-year yield. Surprised we're not seeing a bigger reaction. Maybe yields moving to the upside.As Hammock, a voting member, says she doesn't even see the need to cut. >> Yeah, I think at this stage, you know, the market has priced in, you know, probably the fact that in January, we're not going to see uh another cut. So, the Fed is on hold.And so, I think it's really going to be data dependent in terms of uh whether we'll see further downside on the um on t ...

All right, we're gonna start with this MAG7 chart, right. So, take a look at this chart. I I want to get your take on it.Something I think is interesting is that this part right here, we haven't seen the MAG 7 hit a new high since all the way back in October. What are the charts telling us about the path forward. That's right.I think it's telling us that we're about to have that happen. This is what we call handle pattern. It's a bullish formation.What you do is have a breakout, you have a measure move, and ...

Joining us now, Ed Yardeni, president of Yardi Research. What a year. We can start looking back at it.Um, all of the uh liberation day angst turned into >> a buying opportunity. Did >> indeed >> obviously >> we hear the this is the worst economy that the world has ever seen, although the stock market keeps hitting new highs. Correct.So, I don't >> Well, I mean, we we've had the most widely anticipated recession of all times. This didn't happen. I mean, how many years has it been now.>> Yeah. >> And the econ ...