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Meta poaches top Apple AI researcher
CNBC Television· 2025-07-08 16:22
Meta now notching another name and its expensive hunt for AI talent poaching a top Apple executive for reportedly tens of millions of dollars. But is the spending starting to stack up. Dear DOSA digs into that for today's tech check.Hi D. Hey guys, good morning. So Wells Fargo calls it Zuckerberg's Steinbrunner moment.Of course, that's a reference to the Yankees owner who famously spent whatever it took to win, signing the biggest names, writing blank checks, daring anyone to outbid him. Now, that is what Z ...
Uber has nothing but tailwinds at its back, says Needham's Bernie McTernan
CNBC Television· 2025-07-08 16:06
competition from Tesla's robo taxi. I mean, let's look at the stock here. You can see year-to- date it up 59% almost 60% down here slightly today.Joining us now with his outlook is NEM senior analyst Bernie McTurnon. He has a buy rating on the stock, a price target of $100. I mean, Bernie, let's start sort of right now with with laws or potential policies that could be impacting gig workers from these portable benefits, but also the changes to the way that their tips are taxed.Putting it all together, what ...
What is revenge saving? And how to get started
CNBC Television· 2025-07-08 16:01
even heard this term like revenge saving. What's the deal here. People are getting serious about saving right now.There's a lot of concern about your financial situation, what's happening with the economy. People worried about inflation. They're not splurging like they did after the pandemic.That was revenge spending. Now they want to revenge savings. That's what they're committed to. Committed to not buying more than they need.That low those lowby, no buy challenges you see on social media. That's what the ...
NBA star Steph Curry on his battle with imposter syndrome
CNBC Television· 2025-07-08 16:00
I'm human like everybody. Like you have doubts about yourself. Like you have imposter syndrome at times. Like you have an idea of you still have imposter syndrome where you're at times.Yeah. Like it's it's a idea of are you doing everything you can to take care of people that are relying on you. Are you um of fulfilling your full potential in all the different areas that that I've set out to do.Like those are daily commitments and daily uh thoughts that you have to kind of weave. ...
Expect a slowdown in GDP growth, so three rate cuts likely, says Citi's Rob Rowe
CNBC Television· 2025-07-08 15:58
Let's stick with the tariffs and the impact on markets as the major indices come off their worst day since about the middle of June. Joining us here at Post 9 this morning is city's research headed global strategy Rob once again with us. Welcome back Rob.Good to see you. Thank you very much. Hi Courtney.The president says August 1 is the date. Does that introduce new uh instability for equities or not. right now.I think, you know, I think it's going to be up and down because we're in this negotiation period ...
Utilities set to surge in the heatwave. Here's a breakdown
CNBC Television· 2025-07-08 15:55
Welcome back. With 2025 shaping up to be the second hottest year on record, which utility companies might stand to benefit. Our Pipa Stevens has that for us this morning.Morning, Pippa. Good morning, Carl. Well, as Americans are cranking their air conditioners, it could be a boon for utility companies since more power sold increases earnings.But not all utility models are the same. The independent power producers could be the biggest winners from record heat. Since companies like Vistra, Constellation, NRG, ...
Corporate earnings are likely to be resilient, says Goldman Sachs' Robert Kaplan
CNBC Television· 2025-07-08 15:45
Welcome back to Money Movers. The president relenting on that July 9 tariff deadline now pushing countries to make deals with the US before August 1. But with tariff uncertainty set to continue, will the Fed hold off on cutting rates this month or later in the year.Joining us here at Post 9 this morning, former Dallas Fed President and Goldman Sachs Vice Chairman Robert Kaplan's with us. Robert, good to have you in. Thanks for being by.Good to see you. What do you What do you make of that that that correlat ...
What to know about how tariffs could impact Prime Day deals
CNBC Television· 2025-07-08 15:33
Well, every year the big question for shoppers is how good are those Prime Day discounts. And while it's always hard for me to answer for a variety of reasons, the possible tariff influence this year makes it even murkier. So, Amazon CEO Andy Jasse told our Jim Kramer that prices have not gone up appreciably due to tariffs on his site.However, several outside pricing analyses suggest that's not true for every item. So, Commerce IQ says an analysis of 57,000 SKUs on Amazon shows the average selling price did ...
Boeing delivered 42 737 max planes, highest amount since December 2023
CNBC Television· 2025-07-08 15:32
Boeing's Deliveries and Orders - Boeing delivered 60 airplanes in June, with 42 being 737 Maxes, marking the highest monthly delivery rate since December 2023 [1] - First half deliveries reached 280, the highest total since 2018 [2] - Net orders for June totaled 113, bringing the year-to-date total to 625 [2] - The backlog now stands at just under 5,953 planes [2] Production Rate and FAA Regulations - Boeing has reached a production rate of 38 planes per month, the limit set by the FAA [2] - Boeing intends to apply to the FAA to increase the production rate to 42 planes per month in the next couple of months [3] Stock Market Performance - The stock's movement is muted as the increased delivery rate was expected [3] - Boeing's stock is near its 52-week high, reflecting a positive trend in recent months [4] - Strong delivery totals are expected to continue for the next several months as Max production increases [4]
CEA Chair Stephen Miran: There's no evidence of price pressure to date from tariffs
CNBC Television· 2025-07-08 15:30
Well, the only thing I can say is that we've seen no evidence of price pressures to date, either in the official data or in some of the unofficial much more highfrequency data that is that are studied by from from individual stores that are studied by academics. And so, as a result, all I can say is we haven't seen that yet. Is it possible that we ultimately get some volatility in prices along the lines I described before.Sure, it's possible, but other things are possible, too. You know, every event, you kn ...