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Jefferies' Corey Tarlowe on Walmart Q2 results: The business is moving in the right direction
CNBC Television· 2025-08-21 12:41
Walmart earnings are out this morning. The company reporting adjusted earnings of 68 cents which missed expectations. However, there were some legal expenses in that that might not have been expected by all the analysts on the street.Walmart raising its fullear outlook, even saying that cost from tariffs continue to rise, but it's still raising its outlook and that stock right now down by about 2.8%. Joining us right now is Corey Tarlo. He is Jeffy's VP of equity research.And Corey, let's talk this through. ...
Kansas City Fed President Schmid on inflation: The last mile is pretty hard
CNBC Television· 2025-08-21 12:25
The Kansas City Fed economic po policy symposium starts today in Jackson Hole, Wyoming. And that is where we find our senior economics reporter, Steve Gleeman. He has a special interview for us.Steve, good morning, Becky. As is tradition, we sat down with the host of the symposium, the Kansas City Fed President, and I started by asking Jeff Schmidt, now in his second year as president, for his comments about allegations of mortgage fraud against Fed Governor Lisa Cook. we have responsibilities responsibilit ...
$300 million megayacht up for auction
CNBC Television· 2025-08-21 12:22
$300 million mega yacht that once belonged to a Russian oligarch going up for auction, but potential buyers may be more than the uh bargain for here on the high seas. Um it may cost him really is really the issue I think. Robert Frank is going to join us right now, the only one who knows all about the yachts.Tell us. Tell us. Good morning, Andrew.Well, the US government is in fact auctioning off that $300 million yacht that it seized as part of its crackdown on Russian oligarchs. The yacht is called Amadea ...
After Trump Summits, Russia Intensifies Attacks on Ukraine
WSJ News· 2025-08-21 12:16
[Music] [Music] [Music] [Music] [Music] The president certainly expects Europe to play the leading role here. And what he said very clearly is, look, the United States is open to having the conversation, but we're not going to make commitments until we figure out what's going to be necessary to stop the war in the first place. [Music]. ...
U.S. government's push for Intel stake is a scattershot method of crony capitalism: Walter Isaacson
CNBC Television· 2025-08-21 12:00
Joining us now to talk about the proposed US government stake in Intel and the future of industrial policy. Uh if that's what this is, CNBC contributor Walter Isacson. He's a professor at Tulain uh University and a Pella Weinberg advisory partner.Historically, um Walter and welcome. If if you look up public private partnerships, it's there's a long history of things like that. most of which the it's either Latin America, China or somewhere else where it's been done and and usually not very successfully.Ther ...
Google Pixel 10 Pro XL's Camera Is So Smart, It Almost Took the Photos FOR Me | All Things Mobile
CNET· 2025-08-21 12:00
I tested the Pixel 10 Pro XL's camera in the heart of Paris, so let's see how it did. Welcome to All Things Mobile. [Music] The Pixel 10 series is Google's latest flagship range of phones, packing a variety of upgrades from the processor to the software.But I'm a photographer, so my main interest is in the camera. So, I was very excited when I was able to take the Pixel 10 Pro XL on a photo walk around Paris. Though, to be honest, the camera hardware hasn't really changed much since the previous model.It's ...
Fruzzetti: Investors need to maintain their composure
CNBC Television· 2025-08-21 11:59
Let's start off with the market action we've seen in the last couple days. S&P down for four days in a row. We also got some somewhat hawkish minutes.What's your just your take on the market right now and and the sentiment in the market at this moment. >> Yeah, I think you know uh from from my standpoint you know my clients are always looking at three things. You know they say hey how's their how are they feeling about the economy. How are they feeling about you know valuation.Is the market up or down. And ...
Lamborghini CEO on tariffs: 'For us, free trade is the right approach'
CNBC Television· 2025-08-21 11:55
Market Trends & Strategy - Lamborghini emphasizes regionalization over globalization, recognizing the growth in high-net-worth individuals globally, including in previously untapped markets like China [7][8] - The company aims to avoid market saturation by maintaining a global sales view across its 56 markets and 186 dealers, given the context of 80 million cars delivered annually worldwide [9] - Lamborghini is strategically expanding its model lineup from two to three models, with the Urus SUV contributing significantly to volume growth [5][10] - The brand is considering a fourth model, a Gran Turismo (GT) car, to fill a gap in the supercar market [14] - Lamborghini is delaying the all-electric vehicle timeline due to flattening EV demand, opting for a plug-in hybrid Urus successor [29][30] Brand & Customer Profile - Lamborghini sales have increased at least fivefold in the last 20 years, driven by unique brand elements and limited-edition cars that appreciate in value [5][6] - The company's clients, predominantly male entrepreneurs, value the "made in Italy" heritage and typically own at least five cars, with Reuelto owners averaging ten cars [16][17] - The average Lamborghini buyer is under 45 years old, with a significant portion in Asia around 30 years old, including both second-generation wealth and self-made entrepreneurs [18] - Lamborghini is actively working to attract more female buyers through targeted events like "She Drives a Lambo" and by leveraging the Urus's broader appeal [20][21] External Factors - Lamborghini emphasizes the importance of free trade for its global operations, given its small size and exclusive brand positioning [23][24] - The company acknowledges the complexities of tariffs but remains committed to finding a balance between its interests and customer value [26]
Ramirez: Walmart isn't necessarily safe from tariff impacts
CNBC Television· 2025-08-21 11:39
We laid out the the hard numbers, but what are you expecting when it comes to this report. When it comes to things like same store sales um and also the tariff impact, we just saw some other retailers kind of uh list or or site that they're going to have a big tariff impact. I'm thinking of Estee Lauder yesterday, $100 million due to tariffs.What are you expecting from Walmart. >> I think I mean Walmart in the last earnings, they also mentioned they're likely to have some tariff impact in the second half of ...
'OK, let's dance': Dems must fight Texas by 'redrawing every state' they can, says Claire McCaskill
MSNBC· 2025-08-21 11:38
Now, let's turn to another big story breaking overnight. The Texas House yesterday passed a new congressional map that could give Republicans five more seats after next year's midterm elections. The vote passed along party lines after more than eight hours of debate. A Texas House Republican who co-sponsored the new congressional map made it clear what this effort is all about. You want transparency? Here's the US Supreme Court legal transparency. The underlying goal of this plan is straightforward. Improve ...