Turnover at Apple or Apple turnover. The company's chief operating officer announcing plans to retire. Steve Kovak joins us here with more.Steve. Yeah, this is a big shakeup here. So, what's going on is Apple COO Jeff Williams.He's going to be stepping down from his role at the end of this month. And replacing him is Sabi Khan. He's currently the executive in charge of operations.That's the job Williams once held and even CEO Tim Cook held once upon a time. Williams is staying at Apple though until the end ...

It is time. It's time for the white play and then the lightning round is over. Are you ready.Let's start with Stafford in California. Stafford. Hey Jim, how are you today.I I'm having a good day. How about you staff. I'm okay, thanks.Hey, I want to know what your thoughts on WB tech are. Uh, you know, I believe it or not, I've actually done a lot of work on this one and it won't quit. Every time I think it'll quit, it won't.It's a really good company. Let's go to Mark in Pennsylvania. Mark, hey Jim, how you ...

So last night we get this call from Gary and George. He wanted to know about what's next for Carvana. That's a digital first used car retailer.He has given the stocks had a huge run this year. I told him I believe in Carvana, not necessarily as a short-term trading vehicle, but as a long-term investment because I believe in the leadership of CEO Ernie Garcia, who's created a tremendous amount of value over the years, been on the show a couple times. I enjoy the way he thinks.Tonight I want to dig deep. You ...

So last time we get this call from Gary in Georgia. He wanted to know about what's next for Carvana. That's that digital first used car retailer.He's given the stocks had a huge run this year. I told him I believe in Carvana, not necessarily as a short-term trading vehicle, but as a long-term investment because I believe in the leadership of CEO Ernie Garcia, who's created a tremendous amount of value over the years, been on the show a couple times. I enjoy the way he thinks.Tonight, I want to dig deep. You ...

Market Trends & Investor Behavior - The market is experiencing a battle between individual and institutional investors, which may hold the key to future market direction [1] - Despite negative news regarding tariffs, trade, and slowing demand, the market has continued to rise, leading some to believe it is irrational [2] - The market swiftly recovered after a significant sell-off, defying expectations of a bear market [3] - Bank of America's research indicates significant equity outflows led by institutions and hedge funds [4] Institutional vs Individual Investor Activity - The report highlights the largest week of selling in almost a year, yet the S&P 500 is up 17% hitting new all-time highs [5] - Institutional clients have been net sellers in eight of the last nine weeks [6] - Corporate client buybacks have slowed to the lowest weekly level since October 2023 [6] Key Data Points - Dow declined 166 points [1] - S&P dipped 007% [1] - NASDAQ inched up 003% [2]

Final trade time. Danny Long Noble Corp Ne. Great to have you back.Nice to be here. Have you here Danny. Uh, in in Danny's honor, but I was going to say this anyway, even without that.Oi on a one-day streak could be the start of something more. Dan, we got to do this. I hope to 15 each and you know, we had the K web last night.K, we were on the same wavelength. You and I had that moment. Yeah, Mr.. Sunshine, I know Joe Kernan is watching and I just like to say I love how you keep him in line on the squawk b ...

So now it's Jenna and friends. What's your plan for the show. Yeah.Well, it's been it's been an amazing opportunity really like and in the same sort of way that I didn't envision myself working at the Today Show. I never envisioned Hoda leaving. And in fact, she kept saying, "Don't sign your contract. Don't sign your contract." And I thought she was saying that so we could kind of link up our contracts and so we could be there really until the same time.But what she was doing was protecting me because she k ...

Market Concerns & Risks - CoreWeave stock is experiencing downgrades due to analyst concerns about near-term overhang following the announcement of acquiring Core Scientific [1] - City places CoreWeave on a 90-day downside catalyst watch due to lockup expirations, with approximately 85% of class A shares becoming available next month [1][2] - The all-stock deal for Core Scientific reveals a 30% spread, indicating high borrow costs rather than uncertainty about the deal closing [3][4] - Options market suggests a forward price of $120 for CoreWeave in October, raising concerns given the stock's 4x increase since its IPO and the all-stock deal at a near-term peak [5] - Potential slowdown in demand and rapid upgrade cycles from Nvidia (Hopper, Blackwell, Reuben) could pose problems for companies heavily invested in AI chips [6] CoreWeave & Core Scientific Acquisition - CoreWeave's acquisition of Core Scientific involves shutting down and repurposing some of Core Scientific's infrastructure, including Bitcoin mining operations [11][12] - The acquisition provides CoreWeave with approximately 2 gigawatts of incremental power, considered a good deal if synergies are realized [11] - The acquisition is viewed as a play to increase CoreWeave's share in the AI hyperscaler market, but carries execution risk [12] AI Market & CoreWeave's Position - Industry fundamentals are positive in the near term, with revenue forecasts increasing due to large contracts, such as a $30 billion annual deal from Oracle [7] - CoreWeave is heavily leveraged to the AI data center build, making it more susceptible to near-term disruptions like chipset delays or slowdowns in demand [8][9] - Long-term concerns exist regarding depreciation accounting and rising competition, with CoreWeave viewed more as a data center provider than a true software company [9]

All right, let's get more in the banks with Chris McGrady, head of US Bank research at KBW, a steel company. The firm announcing just in the last hour that he is taking over coverage of large cap banks, upgrading several names, including Morgan Stanley and JP Morgan. Chris, great to have you with us. Melissa, good to see you.Um, let's start off with with the uh the upgrades or the move highers in in the ratings with your your initiation of coverage. JP Morgan for instance we're talking about in terms of the ...

Welcome back. Today marks the threemonth anniversary of the S&P closing lows. It's up nearly 25% since then, one of the fastest recoveries on record.So, could more upside be on the way. Let's take a look at what the charts are saying with Katie Stockton from Fairlead Strategy. She's also a CNBC contributor.Great to have you here, Katie. Good to be here. So, do the charts tell you that we can continue buying here.What should we, what shouldn't we. I think we wait to add exposure, but what we did see recently ...