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There's a dislocation between sentiment and fundamentals, says Morgan Stanley's Andrew Slimmon
CNBC Television· 2025-08-28 12:49
For more on the markets, let's bring in our next guest, Andrew Slimman, senior portfolio manager. Morgan Stanley, Investment Manager, management. Uh, Andrew, I want to ask you about Nvidia and its role in this market and a test of sentiment here.Um, this is a company that trades at about 59 times earnings, historical earnings, uh, about one and a half times the level of the overall NASDAQ, of which it comprises a substantial portion of. Um, given we saw earnings yesterday, there's a lot that's been made of ...
This is the most aggressive assault on Fed independence that we've ever seen, says Chris Hughes
CNBC Television· 2025-08-28 12:43
Our next guest sounding the alarm. This is now months ago on the dangers of the Trump administration attacks on the Fed. Joining us right now is Facebook co-founder Chris Hughes.He is co-chair of the Economic Security Project and author of the book Market Crafters. It was published in April, which covers how the Fed has shaped markets over the last century. His April New York Times oped warned that the president's attack on the central bank undermined Fed independence.And we want to get into all of it. Uh C ...
Housing affordability is the real issue we're seeing with consumers: WaFd Bank CEO
CNBC Television· 2025-08-28 12:01
Let's take a look at the state of the consumer now with two regional bank CEOs coast to coast. Joining us now is Ira Robin, CEO of Valley Bank, which is more centered on the east coast, and Brent Beardall, CEO of WAFED, more on the west coast. Thank you both for joining us.Um Brent, let's start with you. Uh in terms of the state of the consumer, we heard a report from Sharon Eper last hour which talked about basically the the difficulty that consumers are having on all ends of the income spectrum in paying ...
De minimis exemption elimination: Here's the impact on retailers
CNBC Television· 2025-08-28 11:57
The dimminimous exemption that allows a goods valued at less than $800 to enter the US duty and tax-free. It ends tomorrow. While it will drastically increase the cost of distribution for Asia-based e-commerce players like Shen and Timu, some US brands and retailers also happen to use it.Uh but there will also be some benefiting from new businesses from new business from all of this. And Courtney Reagan is live in Florence, New Jersey to explain what is going on. Courtney.Hi, good morning, Andrew. Yes, so t ...
Nvidia's stock can double from here, if not more, says Melius' Ben Reitzes
CNBC Television· 2025-08-28 11:48
I'll send things back over to you at five below 5%. >> We'll be sure to check that out. Thank you Dom.>> Let's dive deeper on shares of Nvidia. Of course lower as Dom was pointing out, only by about 2 or 3%. 1.6%, in fact, in the premarket following their earnings last night.Ben Reitzes, the head of technology research, who just raised his price target, joins us now. Very good morning to you, Ben. Thanks for joining us.Headline quick snapshot on these numbers. >> Well, I thought they were very solid. I thin ...
Curious Cardinals CEO on AI in education: We need to teach kids how to thoughtfully use AI
CNBC Television· 2025-08-28 11:38
mentorship platform uh Curious Cardinals was founded during the pandemic back in 2020 and now serves more than a thousand students every week with 700 mentors across the country. You know, we have a program, but we have a conversation on this program a lot about students and what they need to learn in the day and age of AI and what we should all be majoring in and everything else. And joining us to have a discussion about that, the skills that actually uh folks need to have that are actually in demand uh no ...
Howard: I think the S&P could double in 5 to 6 years
CNBC Television· 2025-08-28 11:36
What do you make of Nvidia earnings. Uh, I know you're not a chip analyst, but what do you make of what it says about market sentiment right now. Nvidia only missing on one segment when it came to data center revenue.The rest of the report very strong. Do you think it was an overreaction. How do you see the markets reacting today.Nvidia is one of the best companies that's out there right now. I mean, you look at the earnings, you look at their revenue growth, you look at what's going on over there. It's an ...
CDC director fired by Trump administration: Dr. Kavita Patel on the impact on public health
CNBC Television· 2025-08-28 11:36
The Trump administration saying it has fired the director of the CDC, but attorneys for the director, Susan Mana, is saying she's being targeted for refusing to quote rubber stamp unscientific directives. Joining us right now is former Obama administration health policy director Dr. . Kapita Patel.She's a primary care physician, also an NBC News and MSNBC contributor. Good morning to you. you know, we keep having these scenarios where somebody's getting fired by the administration uh and then saying that th ...
Reed: It's not just a logo. To the world, it's a symbol of identity
CNBC Television· 2025-08-28 11:35
All right. So, what do you make of this whole Cracker Barrel saga? I mean, it's just the logo. They also made some menu changes in all fairness, but it's just a logo. Why do you think it drew such eye from people? And why do you think there was such a big stock reaction? >> Yeah, I love that point, Frank. It's not just a logo. And so, you know, it we to us, we would think, yeah, it's just a picture. It's just a graphic. Uh to the world, it's a symbol. It's a it's a sense of self-expression. It's something t ...
Ives: When he talks, you listen. Black leather jacket, his name is Jensen
CNBC Television· 2025-08-28 11:34
All right, I want to start with the same question I asked our Arjapal earlier. We have a lot of notable voices out here that believe that this is an overreaction to the stock and the stock actually has the potential to go positive throughout the trading day. What was your take on the quarter and do you think the downside move was an overreaction.Yeah, Frank, I think the stock's up today and and to my point, I think it's really when you look at the guidance and that's not even factoring in China. I mean Chin ...