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Pressure builds on Apple and CEO Tim Cook with holiday executive shakeup
CNBC Television· 2025-12-08 21:16
Yeah, it's been quite a few days over at Apple and lots of big shots out there in Certino. They're getting new careers for the holidays. Now, we saw several changes in just the last seven days on top of several departures over the last few months.Now, someone not leaving Kelly, that would be Chip boss Johnny Scroogi. Bloomberg kind of set up some red flags over the weekend with a report that said Sruji told CEO Tim Cook he wants to step down from the his position but this morning in a memo to staff told the ...
Serhant CEO: Tax code disincentivizes homeowners from selling
CNBC Television· 2025-12-08 21:14
Market Analysis & Trends - The housing market is not broken, but functioning as designed, rewarding scarcity and disincentivizing mobility [8] - High mortgage rates contribute to scarcity, as approximately 90% of home loans in the United States are under a certain percentage, discouraging movement [9] - 46% year-to-date listings in the United States are coming off the market, not primarily due to price dissatisfaction, but because selling is too expensive [12] - Seasonality and ego (not wanting to miss 2021 COVID prices) also play a role in homes coming off the market, particularly in markets like Miami, Denver, and Houston [13] - Inventory, not rates, will primarily affect pricing [15] Policy & Regulation - The IRS tax code 121 from 1997 allows for a $500,000 deduction in capital gains on a home for married filing jointly, which is outdated considering the median home price in 1997 was $124,000 [10] - The current tax code disincentivizes people from selling homes with large gains, leading to empty nesters staying in large homes [11] - Raising the capital gains exclusion, potentially to $1 million, could incentivize Americans to move [15] Company Strategy & Innovation - Sirant has 1500 agents across 14 major markets nationwide [1] - Sirant has a partnership with T-Mobile to bring "SuperMo" to its AI operating system for salespeople, called "simple" [1][2] - Sirant's founder created a show called "House of Sirant" and chose Netflix over other platforms [6]
Fed still has room to go with rate cuts, says BlackRock's Rick Reider
CNBC Television· 2025-12-08 21:08
week. We're joined now on that note by Rick Reer. He's Black Rockck CIO of Global Fixed Income.He is head of the firm's allocation team as well. I'm glad we could catch up with you, Rick. Welcome back.>> Thanks a lot. Thanks for having me, Scott. >> I assume you expect a cut on Wednesday.Yeah, I don't think it's definitive, but I uh I mean, you're going to have a cut and I think the markets almost almost universally think it'll be a hawkish cut and that he will have to give some time to you have a number of ...
Dan Ives: White House is realizing it has to give Nvidia access to China
CNBC Television· 2025-12-08 21:06
We are joined now by Wed Bush Star analyst Dan Ives. It's good to have you here. Um, how significant is this.>> It's a watershed moment if it plays out and I believe it will. Look, I mean, our whole view is >> you don't want to give Huawei and China Tech more power by by taking Nvidia out of that market. That's what they've done.And what that you're talking about what could be 15 20 billion a year. And I think this shows and we've seen it being in DC a bunch the last few months. I mean, you're seeing changi ...
BlackRock files application with SEC for staked ether ETF: CNBC Crypto World
CNBC Television· 2025-12-08 20:12
Today, Bitcoin wrestles with the $90,000 mark to kick off [music] the week. Black Rockck files for a staked Ether ETF. And The Wolf of All Streets host Scott Melker breaks down what's driving the crypto market as we head into year end.[music] Welcome to CNBC's Crypto World. I'm McKenzie Sagalips. Major cryptocurrencies are in the green to kick off the week as investors await the Fed's last meeting of this year later this week.Bitcoin, it's pretty much unchanged, still trading just below that $90,000 level. ...
Fed commentary and tone much more important than rate decision, says Citi Wealth's Kate Moore
CNBC Television· 2025-12-08 20:11
Let's talk about it all with Kate Moore, chief investment officer at City Wealth. Kate, good to see you again. How relevant, if at all, maybe it's not, is this Federal Reserve decision on Wednesday.>> Look, it's super relevant. I think we can agree that everyone in the market is watching this and that, you know, participants, whether you're equity investors or multi-asset investors or rates investors, are really concerned with the tone of the Fed coming out of this rate decision. not so much the action itse ...
Recent Netflix deal could put company in extended period of risk, says Rosenblatt's Barton Crockett
CNBC Television· 2025-12-08 20:08
Thanks. >> Yeah, that was awesome. Our next guest just downgraded Netflix to neutral on this blockbuster deal, assuming they get it.He warns it could put the company in an extended period of uncertainty and risks and question its intentions to use Warner Brothers film and TV library in quote unquote non-detailed ways. Let's bring in Barton Crockett. He covers internet media at Rosenblot.You should just, you know, go argue uh for the to the DOJ, Barton, and just say don't worry about it. There is a terrible ...
AI boom transforming the venture capital, megacap investing landscape
CNBC Television· 2025-12-08 19:17
Meanwhile, Tiger Global is announcing announcing the launch of its 17th venture capital fund to raise about $2 billion. Dear Jabosa has the details in tech check. What are the targets now.Dearra, >> so Kelly, this is essentially a strategic reset. You could think of it like that. Tiger has been one of the biggest forces in the startup ecosystem over the last half decade, but the last few years have been marked by heavy markdowns and slower deployment.Now, according to the letter and an investor call audio t ...
Film industry deals should be evaluated on impact to employment and competition: Rep. Laura Friedman
CNBC Television· 2025-12-08 19:11
Let's ask our next guest who says any merger should be evaluated on its impact on competition and employment. She would know. She's got a unique perspective on this as a movie producer turned politician.Let's bring in Congresswoman Laura Freriedman of California. Congresswoman, it's good to see you. Welcome.>> Thanks for having me. >> Could Netflix buying Warner Brothers be the death of Hollywood as we know it. >> Well, I don't know about the death of Hollywood, but it's been the death of a thousand cuts fo ...
Paramount could still raise their offer for Warner Bros. Discovery: Lightshed's Rich Greenfield
CNBC Television· 2025-12-08 19:10
Let's bring in Rich Greenfield. He's partner and co-founder of Lightshed Partners. Rich, it's great to see you.Who's got the superior offer here. >> Well, look, I first of all, the board of Warner Brothers has already determined that, Kelly. I mean, assuming the board um honored its fiduciary duty to shareholders, the board of Warner Brothers deliberated and and decided that the bid from Netflix was worth more than $30, somewhere probably between 30 and a half and 3150.But that's already been done. So, you ...