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Sen. Tim Scott on bill for gig workers: We'll get this done
CNBC Television· 2025-07-08 13:20
And Republican Senator uh Tim Scott has joined Senators Bill Cassidy and Ran Paul in legislation uh proposed to make it easier for companies to offer gig workers uh benefits without making them full-time employees. Senator Scott joins us uh this morning uh with the details. Senator, it's it's good to have you on uh this morning. Thank you, Joe. Good morning. Good to be back with you. I hope you're doing great. We're doing great. Hope the same for you, Senator. uh the three Republicans, would this would this ...
CEA's Miran: Tariffs have caused no pain for American consumers at all
CNBC Television· 2025-07-08 13:18
Joining us now with the details, White House Council of Economic Adviserss Stephen uh Myron and um Okay, maybe now, but they're going up any any time now. Uh Stephen, one of these CPI or PPI prints is going to be frightening because of tariffs. No, we've been waiting and waiting and you're telling me that that prices have actually been declining.Good morning. Thanks for having me. Yeah.So what we did was we looked through the details of the PCE inflation data and CPI2 and then at every good in those data we ...
Ethereum co-founder on ETH treasury strategy and the crypto's utility
CNBC Television· 2025-07-08 13:14
>> Ethereum catching the attention of major financial institutions, which are increasingly building on the blockchain and processing about 24 million transactions daily. The rise of tokenization and stablecoin hype also helping Ethereum linked stocks. Joining us now to discuss the crypto market is Ethereum co-founder Joe Lubin.Joe, welcome. We're talking about this in the break. What's going on with ether.If you take a look at the ratio ether to BTC ratio, it's been pretty much coming down for the past few ...
Trump spending bill to quadruple the tax on university endowments
CNBC Television· 2025-07-08 12:59
Tough university endowments are being hit with an 8% tax, but it could have been worse. Robert Frank joins us now with a breakdown of who gets hit and who escapes. Robert, good to see you.In fact, it could have been much worse. The tax on many universities endowments will more than quadruple in the new tax plan universities currently pay a tax on their endowment of 1.4%. Now, the big bill creates three new tax rates based on the student adjusted endowment.So, that's the total endowment divided by the number ...
Recent rally in equities is uncomfortable, says Citi Wealth's Kate Moore
CNBC Television· 2025-07-08 12:59
Let's talk markets now. Kate Moore is chief investment officer at City Wealth. Kate, welcome to the show.Good to see you. Yeah, good morning. Uh, where do you stand on the rally here.Uh, sitting pretty much at record highs for the NASDAQ and the S&P 500. Yeah, so I've been saying I've been pretty uncomfortable with the rally in part because a lot of it has not been driven by fundamentals. We know against the backdrop of this rally, there's been a a decline in terms of earnings expectations.as we continue to ...
Core Scientific purchase doesn't add any profits to CoreWeave, says D.A. Davidson's Gil Luria
CNBC Television· 2025-07-08 12:41
Joining us now is an analyst who covers the company, Gil Lauria, head of technology research at DA Davidson. Gil, great to see you. You think that this is yet another um way that Cororeweave is financially engineering their results.Can you explain. Yeah, Corweave is already buying all of Core Scientific's capacity. All they're doing here really is ensuring that Core Scientific doesn't turn around and give uh its capacity to somebody else.and they're really giving away 10% of the company to accomplish this. ...
The Wrap-Up for Tuesday July 8
CNBC Television· 2025-07-08 12:33
All right, welcome back to Worldwide Exchange to check on a few stories that we are tracking this morning. M morning, China warning President Trump over potentially reviving trade tensions with that country by restoring tariffs on its goods next month. Beijing also threatening retaliation against countries that strike deals with the US to cut China out of supply chains.Samsung reporting its profit fell for the first time since 2023 as it faces deeper market share losses. operating income falling by 56% duri ...
Generative AI is overhyped in short-term and underhyped in long-term, says Wired's Lauren Goode
CNBC Television· 2025-07-08 12:09
Apple AI executive roaming Pang has reportedly left the company for a role at Meta. This is the latest move in the ongoing battle uh tech battle for top AI talent. Joining us now, Lauren Good, senior writer uh at Wired. These Lauren, it's good to see you. I mean, these guys, I look at it, they're so young, they must be like off the charts genius. If someone comes to me and says, "Mr. . Colonel, what what should I take in college. What are these people. What are they.Eee, what what computer uh program. Are t ...
Prising: Employers are cautious, tariffs are adding uncertainty to hiring plans
CNBC Television· 2025-07-08 12:08
Manpowergroup. Jonas. Good morning.Thank you for joining us. >> Good morning. Thanks for having me.>> All right. Why don't we start off with your take on the job market according to your data. June has been the worst hiring month of 2025.And then we get that stronger than expected jobs report. What's the real state of affairs. >> Well, the real state of affairs is that the labor market has been cooling for many months at this point.And the June labor market report showed us that the private sector employmen ...
Powers: Confusion is the word of the day—too many unknowns driving volatility
CNBC Television· 2025-07-08 12:07
With that, let's bring in Matt Powers, managing partner of P Advisory Group. Matt, great to have you here. Why don't we start off with your word of the day.Hey, Frank, thanks for having me. Yeah, word of the day is confusion. You know, markets are are staring down that confusing mix of uncertainty, tariff threats, and no clear details.And the Fed's set to release their minutes tomorrow and earning season's about to kick off. So, it's a it's a recipe for volatility. And right now, I mean, if this makes any s ...