Wholesale inflation surges at fastest rate in 3 years
NBC News· 2025-08-14 22:00
Welcome back. There are new signs today that inflation remains a threat to the US economy as President Trump's sweeping tariffs take hold. The Labor Department reporting that wholesale prices rose 9/10en of a percent last month, well above Wall Street's estimates.It's also the single largest monthly jump in more than three years. The producer price index or PPI measures inflation before it hits consumers. The report comes two days after the Labor Department reported that prices were up 2.7% in July compared ...
Brooks Running CEO: Consumers, Gen Z are willing to spend on running despite increasing prices
CNBC Television· 2025-08-14 22:00
some of those carbon plated shoes can run north of $200. I mean, are you seeing a pullback, especially given the macroeconomic pressures. No, we're not. We're actually seeing the the reverse. We're seeing an acceleration in average selling price um around the world.So, over the last 3 years, the average selling price of a a running shoe in the US has gone up 40%. I think that has a lot to do with the innovation that we're delivering into the market. Performance matters for everyone and they're willing to pa ...
LIVE: Trump and Russian President Putin hold joint press conference after Alaska meeting | NBC News
NBC News· 2025-08-14 21:54
Watch live coverage as President Donald Trump and Russian President Vladimir Putin gather for a long-anticipated summit at a U.S. military base in Anchorage, Alaska. The meeting at Joint Base Elmendorf-Richardson is their first during Trump's second term, as Trump seeks to bring an end to Russia's war in Ukraine. For more context and news coverage of the most important stories of our day, click here: https://www.nbcnews.com » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: ht ...
'Fast Money' traders react to the Trump admin possibly taking a stake in Intel
CNBC Television· 2025-08-14 21:52
already going to the stock was up a lot. It's up 19% on the week. Maybe the best thing that's happened to Intel in recent history is that President Trump picked on Lip Bhutan.I mean, because that's what it looks like in terms of the stock performance. >> And I think we had that com we've been having the conversation. It hasn't panned out.Now it's starting to. And if you think about Intel could be sort of the Taiwan semi of Taiwan. Well, Intel could be sort of the same thing here in terms of the foundry busi ...
Small-caps are finally setting up for the market breadth expansion, says Needham's Chris Retzler
CNBC Television· 2025-08-14 21:50
Well, small caps having a big week today excluded with the Russell 2000 outperforming the S&P 500 on hopes that the Fed will cut rates in September. But did today's hot PPI number disrupt that narrative. Joining me now is needed small cap growth fund portfolio manager Chris Rutsler.Chris, what's been holding the small caps back and has it been cleared. Well, certainly small caps have a valuation disconnect with large caps over the past few years. And one of the things that we need to see in small caps is gr ...
Who will Trump pick as the next Fed chair? Hear from the top candidates in their own words
CNBC Television· 2025-08-14 21:50
CNBC has learned the Trump administration currently considering now 11 individuals to replace Fed chair J Pal when his term expires in May. I think we're in a good spot right now for talking about bringing the rate down. In my view, if you're starting to worry about the downside risk of labor market, move now.Don't wait. People love to talk about long and variable lags. Why do we want to wait until we actually see it crash before we start cutting rates.So, I'm all in favor of saying maybe we should start th ...
Technology Executive Council: Enterprise adopting agentic AI
CNBC Television· 2025-08-14 21:47
Of tech. That was the subject of my recent conversation today with members of CNBC's Technology Executive Council. George Maddaloni is Mastercard's CTO of operations.Mastercard's using AI agents to not only help shoppers buy multiple items quickly from a chat bot interface, but also to roll out new features to credit card partners. >> Implored agents and AI capabilities in terms of how we onboard products and customers into Mastercard, we've seen our product onboarding agent actually make things 11% faster ...
LIVE: Trump and Putin hold joint press conference after summit
MSNBC· 2025-08-14 21:42
Watch live coverage as President Donald Trump and Russian President Vladimir Putin speak after their long-anticipated summit at a U.S. military base in Anchorage, Alaska. The meeting at Joint Base Elmendorf-Richardson is their first during Trump's second term, as Trump seeks to bring an end to Russia's war in Ukraine. For more context and news coverage of the most important stories of our day click here: https://www.msnbc.com/ » Subscribe to MSNBC: https://www.youtube.com/msnbc » Subscribe to MSNBC on TikTo ...
Watch: Trump and Putin Hold Joint Press Conference After Alaska Summit | WSJ
The Wall Street Journal· 2025-08-14 21:38
Geopolitics & Diplomacy - President Trump and Russian leader Vladimir Putin met for talks in Anchorage, Alaska [1] Location - The meeting took place at Joint Base Elmendorf-Richardson in Anchorage, Alaska [1]
Versant's head of sports on the company's growth strategy
CNBC Television· 2025-08-14 21:33
I would say it's a couple things. I mean, one is we will continue to be active for topshelf, top tier sports programming like the one, you know, with the USGAA or like the set of rights with the USGAA that we announced today. That's our current core business and we'll continue to invest in uh our core business, but we'll also invest in uh growth of our digital properties. So, organic growth of digital properties like the ones we have in golf with golf now and golf pass.And then I think we also have to be as ...