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Stocks close sharply lower on tariff turmoil and worsening jobs numbers
CNBC Television· 2025-08-01 20:59
We got a lot to digest today. So, let's bring in Unlimited CEO and CIO Bob Elliot and Far Miller Washington President and CEO Michael Farre. He's also a CNBC contributor.Gentlemen, it's good to have you. Bob, you're here with us on set. I'm going to kick this off with you because it's a perfect storm.You've got tariff implementation. You've got a very weak jobs report, this BLS firing, and then of course in the background amid this Russia rhetoric, nuclear subs that are being repositioned to quote unquote a ...
DDN Infinia Performance Demo in Oracle Cloud | High-Speed S3 Object Storage Benchmark
DDN· 2025-08-01 20:49
Welcome to this demonstration. Today we're going to show you a brief look at the performance of DDN Infinia in Oracle Cloud Infrastructure. Because this is a tech preview, the information presented is for potential future integrations.The overall capabilities, including the performance of this feature, can and will change. No timelines for delivering this capability should be inferred from this demo. The Infinia architecture provides a broad set of capabilities for data management.starting with a variety of ...
Charlie Munger: Why Only People Like THIS Succeed #trading #investing
GuruFocus· 2025-08-01 20:49
There is no ethos in my opinion that is better for any lawyer or any other person to have. By and large the people who've had this ethos uh win in life and they don't win just money just honors and imalments. They win back the deserved trust of the people they deal with.And there is huge pleasure in life to be obtained from getting deserved trust. And so, and the way to get it is to deliver what you'd want to buy if the circumstances were reversed. ...
Stock Market Latest: Dow down sharply amid tariff blitz, weak jobs data
MSNBC· 2025-08-01 20:44
Joining us now, NBC News senior policy reporter Shannon Petty piece, NBC News White House correspondent Monica Alba and former US trade representative Michael Froman. He's now president of the Council of Foreign Relations. And Monica, we'll start with you.Has the White House addressed these new job numbers and those downward revisions. They have, Ariel, and they're really trying to put this into a larger context. And it's notable that a couple of days ago when that GDP report came out for the most recent qu ...
Starlink dominates as the low-Earth orbit satellite race intensifies#shorts #starlink #satellite
Bloomberg Television· 2025-08-01 20:38
Starling does address the consumer market meaning that they do need much more capacity to actually serve all those customers. We are providing very basic but important connectivity to businesses to government. What is very important to understand is we are not in the consumer market.We have uh right now just north of 5 billion in total globally of connectivity in B2B and this is going to grow uh at least uh three times between now and basically 2033 where it should be close to 15 billion uh at by the time b ...
S&P Falls 1.5% On Weak Jobs Data, Trump Tariffs | Closing Bell
Bloomberg Television· 2025-08-01 20:33
About 2 minutes away from the end of the trading day. Matt Miller and Katie Greifeld here in for Romaine Bostick and Scarlet Fu. And here to help us take you through the closing bell, a global simulcast, we're joined now by Carol Massar and Tim Stenovec, bringing together our Bloomberg Television, Radio and YouTube audiences worldwide to parse through the most crucial moments of the trading day Carol.Doesn't anybody know it's ice cream day here at Bloomberg. We like like Fridays to be mellow and quiet. And ...
Trump fires Bureau of Labor Statistics commissioner hours after weak jobs report
NBC News· 2025-08-01 20:31
According to the Bureau of Labor Statistics, only 73,000 jobs were added in July. That's well below expectations. But July's week numbers were just the tip of the iceberg.Some economists are pointing to a larger issue with the government now saying their previously released job numbers were way off in May and June. They're revising those totals down by a combined 258,000 jobs. President Trump took to Truth Social, criticizing that jobs report.He said that he is directing his team to fire the head of the com ...
Burying the hatchet? Musk donates to Trump and GOP super PACs despite feud
MSNBC· 2025-08-01 20:31
Glad you're with us. A pair of hefty donations to the Republican party suggests that Elon Musk may not be done with politics. The world's richest man and former head of Doge gave $5 billion each to main super PACs backing House and Senate Republicans.That's according to newly released campaign finance disclosures. And in a surprising move, Musk also spent $5 million to MAGA, Inc., President Trump's super PAC, despite his messy falling out with the president. Joining us now, New York Times reporter Teddy Sch ...
Premier League CEO on how ownership models have changed
CNBC Television· 2025-08-01 20:30
I mean, I think we've seen our ownership models change over the last 30 years. Um, you know, we're now majority owned. 12 12 clubs um have majority US ownership.We have ownership from the Middle East, ownership from Europe. Um, four clubs still owned by uh by British owners. Those people that perhaps might have the strongest feel for it.That's not my experience. actually long-term US owners I think have great respect for the histories and traditions of English football and really left it as it is invested i ...
How Trump's new tariffs could affect your wallet
NBC News· 2025-08-01 20:26
Trump's big tariff deadline day has finally arrived, but people around the world are still confused. Here's what you need to know. Which countries will be hit the hardest and which made out okay.Most of the countries getting the lower tariff rates are smaller countries that we don't do much trade with. While some of our biggest trading partners are at risk of major tariff increases, there'll be a 25% tariff on goods from India, 50% on Brazil, 35% on some goods from Canada, and it's still unclear what will h ...