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World Liberty Financial co-founders on $1.5 billion digital coin deal, growth of USD1 stablecoin
CNBC Television· 2025-08-12 13:02
All right, news in the crypto world, and I'm going to say world twice. World Liberty Financial, which has ties with the Trump family, including uh the president and his M East envoy Steve Witoff, is going to use Alt 5 Sigma Corporation to raise 1.5% billion for the purchase of its uh stable coin, WLFI token. Joining us now, World Liberty Financial Co-founder and CEO, Zack Witco, and incoming uh chairman of Alt 5 Sigma and World Liberty Financial Co-founder and COO Zack Folkman.So, we got they got rules abou ...
Consumer prices rise 2.7% annually in July, less than expected amid tariff worries
CNBC Television· 2025-08-12 12:58
We're just seconds away right now from July CPI. Rick Santelli standing by at the CME in Chicago. Rick, we've got only a couple seconds before the numbers.What should we be looking at. You know, I think the year-over-year numbers, especially the uh core is going to be quite key, especially which side of 3% it's on. But do remember much of the hoopla about the big bump in tariffs hasn't really materialized.Is it because consumers are pushing back or we exaggerated. The data is in. And here we go.Consumer pri ...
Paramount's UFC deal shows that CEO David Ellison 'is here to play', Puck's Matt Belloni
CNBC Television· 2025-08-12 12:39
So, we're seeing a flurry of headlines in the media industry this month, and there's one common theme, and that is live sports. Joining us right now is Matt Belly. He is Puck's founding partner.Good morning to you, Matt. Uh, the big story. Let's get into the octagon.Mr. . Ellison, uh, getting into the UFC business in a major way. What's happening.Uh, well, this is a 7-year, $7.7% billion rights deal. all of the UFC matches. There's typically the numbered fight nights, which are their big main events, about ...
This is still a glass half-full environment, says U.S. Bank’s Eric Freedman
CNBC Television· 2025-08-12 12:29
830 with the CPI. Joining us now Eric Friedman US Bank Chief Investment Officer. What a year so far Eric, did you start with with a bullish outlook for 2025.What type of year end numbers are you talking about for the S&P. When we started. >> So we had a 6325 figure.>> At the beginning of. >> The year which was tested. It's been tested a couple of times.So we stuck with it. We think you have we have. >> The whole time. >> The whole time.The whole time we'll probably use this opportunity because we're actuall ...
There are some really valid issues that Elon Musk raises with Apple, says Michal Lev-Ram
CNBC Television· 2025-08-12 12:28
more. >> Welcome back to Squawk Box. Elon Musk accusing Apple of engaging in antitrust practices and threatening to take legal action overnight.Musk posting on X Apple is behaving in a manner that makes it impossible for any AI company besides OpenAI to reach number one in the App Store, which is an unequivocal antitrust violation. I will take immediate legal action. Joining us right now on her thoughts on all of this is Silicon Valley journalist and a contributing editor at fortune magazine, as well as a C ...
Mortgage rate continues to hinder housing affordability, says NAR’s Lawrence Yun
CNBC Television· 2025-08-12 12:03
The average price for the existing single family home hitting a record high. New quarterly report from the National Association of Realators putting the national median at nearly $430,000. Now that's up 1.7% year-over-year.Joining us right now to talk about it is Lawrence Yun, National Association of Realtors, chief economist. Good morning to you. tell us what's going on around the country and then we can get into maybe some different individual markets because $430,000 is a lot in some markets but it's not ...
Seeing really positive consumer spending from both retail and services: BofA's Liz Everett Krisberg
CNBC Television· 2025-08-12 12:00
Liz Everett Chrisberg is here and >> the good thing you're bringing us new data I'm told instead of like last month's. No, >> that's fant that is fantastic. Just to make it clear, this is new data.Bank of America Institute reporting consumer spending rose again in July. The consumer is sort of okay. Up 1.8%.Is that good. Year-over-year. >> I'd say it's more than sort of okay. Um, >> it's really sort of okay. >> Well, it's sort of okay.So, so consumer spending year-over-year up 1.8%. If we were to do seasona ...
Elon Musk threatens to sue Apple, alleging antitrust violations in app store rankings
CNBC Television· 2025-08-12 11:58
Elon Musk threatening to sue Apple over the tech giants's app store ranking for Gro AI chatbot versus OpenAI's chat GPT. Now, OpenAI co Sam Alman joined us on Squawkbox last week and we asked him about Musk's comments that OpenAI will eat Microsoft alive. You know, I don't think about him that much.What what do you think of the larger idea though that that he's effectively saying that OpenAI long term will eat Microsoft alive. I don't even know what that means. Do you know what that means.I'm not sure what ...
Ives: Musk suing Apple would be a massive headache and headwind
CNBC Television· 2025-08-12 11:58
the idea of Elon Musk potentially suing Apple over his feelings that um Grock and and X aren't I guess in the right place in the Apple App Store. How big of a risk is this to the company. >> Look, it's a massive headache and headwind for Apple because the last thing you want right now is Mus putting his force behind this legally, especially given all the regulatory scrutiny that Apple's seeing right now.Look, this is something that could really sort of spiral and and take on a life of its own. >> You saying ...
Circle CEO Jeremy Allaire: The internet is colliding with the financial system
CNBC Television· 2025-08-12 11:58
Circle shares higher after the crypto firm issued its first quarterly report as a public company. Total revenue growing 52% over the prior year. Joining us right now is Jeremy Oair, co-founder and chairman and CEO of Circle.And it's great to see you. Congratulations. I haven't seen you since the IPO, which I think has been, you know, a wild rocket of a ride for you.>> Yeah, it's been an interesting couple months here. >> How have you uh enjoyed this is the first quarter. So, how did you enjoy putting this t ...