Core Insights - Comcast is spinning off its cable division, including MSNBC and CNBC, into a new publicly traded company named Versant, expected to launch by the end of 2025 under the ticker VSNT [4][5] - The spin-off is structured to be tax-free for Comcast shareholders, who will receive shares in Versant, which will start with approximately $7 billion in annual revenue and minimal debt [5] Group 1: Layoffs and Reorganization - NBC News has laid off fewer than a dozen staffers from its graphics unit, which historically supported both NBC News and MSNBC, as part of the preparations for the spin-off [1][3] - The shared graphics team has been reorganized, with some employees moving to Versant while others remain with NBC News, and several being cut entirely [3][11] Group 2: Changes in Operations - Joint editorial meetings between NBC News and MSNBC will cease, and they will no longer share content, except for NBC's Decision Desk, which will be used by MSNBC for election coverage until the end of the year [9][11] - MSNBC will rebrand as "MS NOW" starting in November, shedding the "NBC" name and the iconic peacock logo, while moving into new studios in New York [14] Group 3: Future Plans for Versant - Versant executives are establishing an independent newsroom and standards operation to replace NBC's editorial support, indicating a shift towards greater independence for MSNBC [11] - Programming and marquee hosts at MSNBC are expected to remain intact, with plans to expand news coverage and strengthen reporting ranks [15]

JUST IN: Michael Saylor predicts a year-end Bitcoin rally live on CNBC 🚀“Companies are buying even more than the natural mining supply.”🔥 https://t.co/YCO7B5AFQw ...

Washington DC. Aean Javvers has this latest. Aean, >> Melissa, CNBC has obtained a clip exclusively of an interview with former White House adviser Steve Bannon.The interview is conducted by Sean Spicer, who's of course the former press secretary for Donald Trump in his first term. Uh, in this interview, Bannon makes a provocative suggestion about the future of Scott Bessant, who's the Treasury Secretary, and whether or not he should have a role at the Fed. Here's what he says.I am a big believer that on an ...

Regulatory & Compliance - Former SEC Commissioner Paul Atkins scheduled an appearance on CNBC's Squawk Box at 8:30am ET [1]

Group 1 - The current mortgage rate environment is similar to September 2024, with a significant chance of a Fed rate cut, which previously led to an increase in mortgage rates despite the cut [1] - The average rate on the 30-year fixed mortgage has decreased by 12 basis points to 6.13%, marking the lowest level since late 2022 [1] - Historical trends indicate that Fed rate cuts during recessionary periods tend to lower long-term rates, while cuts in non-recessionary environments do not have the same effect [3] Group 2 - Expectations are for at least a 25 basis point cut from the Fed, but this may not significantly impact long-term rates [3] - There is a possibility that the 10-year yield may sell off after the Fed announces the rate cut, as market behavior often involves buying on rumors and selling on news [4]

The "framework" deal with China is "between two private parties, but the commercial terms have been agreed upon," CNBC quoted Bessent as saying on the sidelines of a meeting between the two countries in Madrid on Monday. https://t.co/HUIxXq08fo ...

JUST IN: 🇺🇸 Cameron Winklevoss on CNBC- “#Bitcoin is 10X from here.” 🚀“We think you should HODL it.” https://t.co/57gFv8zTlj ...

President Donald Trump visits the Pentagon to observe memorial services on the 24th anniversary of the Sept. 11, 2001, terrorist attacks. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price ...

We are joined now by a very, very, very special guest, a legend in the business, media titan, chairman of Liberty Media, and the man behind some of the biggest deals in media of our time, John Malone, author of Born to be Wired: Lessons from a Lifetime: Transforming Television, Wiring America for the Internet, and Growing Formula 1, Discovery, Sirius XM, and the Atlanta Braves. It is out uh today, and we want to welcome John for joining us today. John, it's great to see you.uh congratulations on the book. I ...

Welcome back to Morning Joe. Despite Zoran Mdani's meteoric rise to the front center of New York City's mayoral race, his Democratic colleagues have still been cautious to publicly endorse him. According to the New York Times, Mamani did receive a congratulatory call from former President Barack Obama after his primary win back in June.That call revealed in reporting by our friend Mara Gay. But Obama has not yet formally supported his campaign. When New York Governor Kathy Hokll was recently asked who she w ...