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Trump says 'dollar is king' after it posts worst first-half return in 52 years
CNBC Television· 2025-07-08 18:45
Bricks is not, in my opinion, not a serious threat. But what they're trying to do is destroy the dollar so that another country can take over and be the standard. And we're not going to lose the standard at any time.If you have a smart president, you will never lose the standard. If you have a stupid president like the last one, you would lose the standard. You wouldn't you wouldn't have the dollar as you.And if we lost the uh the world standard dollar, that would be like losing a war, a major world war. We ...
Bessent, Greer and I may meet with China on trade in early August: Howard Lutnick
CNBC Television· 2025-07-08 18:39
There's all there's also, Mr.. Secretary, more of a conversation now built around the European Union. Our own Sylvia Maro out in Europe was speaking to some of the top diplomats out there and she had made at least reference to this idea that they are saying progress is being made, that there's there's still a ways to go, but that there might actually be carveouts or certain concessions there as you work towards an overarching trade deal with the European Union. Can you take us through how you feel those neg ...
Crypto is a better place to start wealth, says Pantera's Dan Morehead
CNBC Television· 2025-07-08 18:34
Shares of Circle have certainly soared over the past month as stable coins gain momentum. Although Missou's Dan Dalive cautioning their growth potential is overstated, the initial Circle at underperformed today $85 price target. That's nearly 60% downside.He sees a 25 to 30% shortfall relative to 2027 consensus revenue. Says distribution costs are rising and that will pressure Circle's reserve income. Our next guest stays uh more optimistic though and he was an early investor.Joining us now is Dan Morehead, ...
My guess is Pres. Trump will cut tariff rates with a few other countries: Lutnick
CNBC Television· 2025-07-08 18:34
uh secretary. Uh Mr.. Secretary, thank you so much for taking the time to join us. We saw a lot of the conversation that happened within that room, but we want to hear for the record from you, the commerce secretary, about just where you think we are with regard to trade negotiations as a whole as we approach that uh previously stated July 9th deadline for tariff deals. So you saw 14 letters went out yesterday. You should expect another anywhere from 15 to 20 letters to go out over the next two days really ...
Trump: I'm not happy with Putin
CNBC Television· 2025-07-08 18:24
and the people that maybe don't like us or want to play games with us because I think that had you not had the situation in Afghanistan, I don't think Putin would have gone in. I think when Putin looked at how stupid and incompetent that operation was, he said, "Wow, this might be a chance." And uh he's uh we're dealing with him now, too. That's we're not happy with Putin. I'm not happy with Putin.I can tell you that much right now because he's killing a lot of people and a lot of them are his soldiers. His ...
BoA's Justin Post: Uber drivers earnings could increase a billion dollars not having to pay taxes
CNBC Television· 2025-07-08 18:16
Financial Performance & Market Impact - Bank of America increased Uber's price target due to strong bookings growth and potential driver pay increase [1] - Uber driver earnings could increase by approximately $1 billion due to the no tax on tips provision [2][6] - Tips are estimated to be about 14% of Uber driver earnings, equivalent to a 2.5% pay bump [6] Driver Supply & Regulatory Landscape - The elimination of taxes on tips could improve driver supply and Uber's operations [2][4] - Uber is unlikely to cut driver pay, viewing the tax benefit as a way to make the job more attractive and improve service levels [3][4] - Portable benefits gaining momentum would also likely attract more individuals to gig work [5] - Uber has signed agreements in several states for independent contractor benefits and desires regulatory certainty [5] Future Outlook - Progress in the AV (Autonomous Vehicle) industry has positively impacted Uber [7] - Strong delivery results are expected for Q2 [8] - AVs are expected to lower ride costs and increase demand in the long term, benefiting Uber [8]
Meta's AI endgame post-talent grab
CNBC Television· 2025-07-08 18:13
Welcome back. Meta grabbing another big name in its AI hiring blitz. Reportedly poaching a key Apple AI researcher for tens of millions of dollars.Dear Jabbosa looks at how that's stacking up in today's tech. Tens of millions. Dearra thought we were at, you know, 100 and that's that's at the lower end.Exactly. Tens of millions is nothing compared to, you know, hundred or $300 million packages. But really the for Meta the question now isn't whether Zuckerberg can outspend the field.We know he can and he is. ...
Elon Musk can't continue to go down this political path, says Wedbush's Dan Ives
CNBC Television· 2025-07-08 17:52
Welcome back. Tesla shares are on the rebound today after that 7% drop yesterday. Company losing upwards about 70 billion in valuation after Musk announced he's launching the America Party.And that has got W one of Wall Street's biggest Tesla bulls on on edge. I think that's fair to say. He says it's time for the board to step in and set some ground rules for Musk when it comes to his political ambitions.Wed Bush's Dan Ies is the man man in question. He joins us now to break it all down. Um, did you see wha ...
Wendy's CEO departs for Hershey
CNBC Television· 2025-07-08 17:42
Well, a shape up shakeup in the restaurant space this morning. Our Kate Rogers has the story. Hi, Kate. Hey, Court. Wendy's announcing this morning the departure of Kirk Tanner, its CEO, effective on July 18th. Tanner will be heading to the Hershey Company uh to be its CEO as Michelle Bach departs. Wendy's is starting a comprehensive search, it says, for a new CEO, and in the meantime, the board has appointed Ken Cook, chief financial officer of the company, as its interim CEO. Cook, who remains CFO, played ...
Trump: I believe we're going to make tariff on copper 50%
CNBC Television· 2025-07-08 17:36
Megan Cassella is in Washington with the latest. And Megan, he's continuing to make some headlines on the tariff front. What can you tell us.Absolutely, Kelly. A lot of talk about trade in this meeting, which has gone for over an hour now meeting with his cabinet. And there the biggest news we've gotten so far on the trade front is the president appearing to announce a few minutes ago that he will be imposing a new 50% tariff on all imports of copper.Take a listen. So, we're going to be announcing pharmaceu ...