It is election day and in New York, the city's economy relies on the ultra wealthy. So the big question is, will they stay no matter who is the mayor. That is the question of the morning.Robert Frank joins us now with that story. Robert. Andrew, great to see you.Well, as you just mentioned, the top 1% of New Yorkers pay 40% of all income taxes. Mandani wants to tax those making a million dollars or more, an extra 2%. That would bring the combined New York City and state tops tax rate to 16.8%.You combine it ...

Treasury Secretary is joining us now. Uh Scott Besson, we we worked on that that segue. Uh Mr.. Treasury Secretary, I hope you liked it. How are you. Good good to see you.>> Good morning, Joe. Good to see you. >> You uh let's talk tariffs and and and uh since it's front and center for everyone with with this beginning now at at Scotas, you have said you're going and um you want to be in the front row.I think you're I think your chances are good if you say that's where you'd like to sit. Uh, look, Joe, I I t ...

Mr. . Secretary, if uh the Supreme Court were to to uh to go against the president on this, are you confident that uh another uh route can can be found to continue with the with the policy and not get into the morass of trying to be I don't I don't even know how it would work if you had to, you know, start reversing some of the uh what we've seen with with the tariffs. Yeah, Joe, there there are lots of other authorities that can be used, but AIPA is is by far the cleanest and it gives the US and the presid ...

Michael Steinberger, New York Times Magazine writer and ‘Philosopher in the Valley’ author, joins 'Squawk Box' to discuss his new book, the rise of Palantir CEO Alex Karp, and more. ...

Commercial Real Estate Market Overview - Commercial real estate deal making is experiencing a challenging 2025 [1] - Transaction volume remains significantly below pre-COVID levels [2] - Overall dollar volume has increased by only 5% year-over-year as of Q3 [2] Key Trends in September - A "flight to quality" is observed, with increased investment in higher-value properties [2] - Economic uncertainty is negatively impacting the hotel sector [2] - Signs of recovery are emerging in the office and open-air retail sectors [2] Deal Size and Volume - The average dollar size of sales in September increased to $127 million, compared to an average of $1122 million over the past two years [3] - 29 of the top 50 deals closed were over $100 million [3] - The volume of deals exceeding $100 million in Q3 increased by 35% year-over-year [3] - The volume of smaller deals has remained flat or decreased [3] Office Sector Activity - Apple invested $365 million in an office property portfolio in Sunnyvale, California [4] - Nvidia acquired a single office building in Santa Clara, California for $83 million [4] - Metlife secured an approximately 39% discount on an office property in Newport Beach, California [4] Strategic Acquisitions - Large tech companies with substantial cash reserves are strategically acquiring their own campuses at relatively lower costs [5]

financial services, capital markets, I mean hundreds of years old. This company was really rooted in a lot of it. And and when you think about innovating in again old industry, it's no different than with TIAA.Like I said, we invented the annuity, but how do we make sure that that 23y old or 25year-old understands that they may live to 100 years old, right. How do you engage them to say, "Hey, you don't have to understand every nuance of the sharp ratio or what asset allocation means, but you better make su ...

Well, Americans across the country are heading to the polls today. Joining us right now to break it all down is Libby Cantrell, who is the head of US public policy at PIMCO. And Libby, thanks for coming in this morning.As somebody who is looking at this from a business perspective, from markets perspective, what's at stake in these elections today, offear, but you have some important ones in Virginia, New Jersey, obviously mayor of New York City, and a lot of other states around the around the country. >> Y ...

been a string of corporate layoffs uh in recent weeks in articles uh in Wall Street Journal uh about white even white collar workers stupidly I'm wearing white collar Steve Leeman is here smart enough to wear blue collar uh is AI uh intelligence is that to blame u should investors be wary >> we we did a a joint in a joint research investigative story with this using Gabriel Fon Rouge our retail reporter on. com myself Frank Holland and we looked into this 48 38,000 jobs at UPS, 14,000 at Amazon, 1,800 at Ta ...

Uber results just out. Profits rising from $2.6% billion a year ago to $6.6% billion, but that included a $4.9% billion benefit from a tax valuation release. Now, revenue of 13.5% billion, beating estimates of 13.3% billion. Revenue from the mobility and delivery business. Each beating estimates and gross bookings coming in higher than expected. Trips also increased 22% over the prior year to $3.5% billion. And that was with a 17% increase in monthly active platform customers. Joining us right now first on ...

Victoria Fernandez, Chief Market Strategist at Crossmark Global Investments, warns stretched valuations and rate concerns put markets on edge, calling Gilead a smart buy as biotech rebounds. ...