It is possible like I say tariffs are the all imported goods is only 11% of GDP. So if it stays in its lane it can be have a modest impact. I'm a friend and fan of Governor Wallers.We get along very well. My and I do think in a theoretical he's right that a one-time tariff ought to be in theory a transitory inflation shock. But like I said, I gave a speech at the big auto symposium in in January which went just went through the thing that everyone knows that was literally the same logic at the time of CO th ...

Last year we made 13.7% billion in in profits and this year I think we're going to beat that. Wait 13.7% billion in profits. Last year and this year I think we can do a little bit better.Look only with only having $155 billion. You know the Fed didn't cut the rates. We have been saying that for a long time and you know kind of was true.So the rates are still around 5%. So you do the math it's you know give or take 7.5% billion just because of that and then all the rest we are doing all the other investments ...

Bring in show music, please. Today on SquawkPod, Senator Elizabeth Warren. You don't have to push me. I believe in markets. I love markets. I think markets are fabulous when they're honest markets. We need markets with rules. Markets without rules are just theft. Her perspective on President Trump's critique of Fed chair J. pal and on President Trump's economic policy. I still want to see the interest rates come down. I think they should lower. It is harder than it would be if Donald Trump were not out ther ...

President Donald Trump reportedly is considering announcing a successor to Federal Reserve Chair Jerome Powell early due to his frustration with the central bank's slow approach to cutting interest rates. https://t.co/FmxBEPph2i ...

People who have kids do need to have 3 kids to make up for those who have 0 or 1 kid or population will collapseMario Nawfal (@MarioNawfal):HUMANS NEED 2.7 KIDS PER WOMAN TO SURVIVE... WE'RE NOT EVEN CLOSEScientists now say 2.1 kids per woman won’t cut it - 2.7 is the real number needed to avoid long-term extinction.Right now, the U.S. is at 1.66, and most rich countries are even lower, including Italy at 1.29 https://t.co/FF4Y9pVVRd ...

Fresh housing data just crossing. Diana Olic has that for us. Diana.Well, David, pending home sales in May rose 1.8% from April and were 1.1% higher than May of last year. That according to the realtors. This is a small beat.The street was actually looking for basically flat. Now, this count is based on signed contracts. So, people out shopping in May when mortgage rates were climbing and briefly went over 7% on the 30-year fix.Regionally, sales were strongest month-to-month in the Northeast and West, but c ...

Chicago Fair President Austin Goulby joins us now exclusively here on CNBC. Austin, you heard the data and I don't need you to comment on the details of the data unless of course you want to, but the everything looks like it's doing a little better. You know, the desert island indicator jobless claims it just really fails to go up and maybe it's it it it's green going to yellow, but it's just barely.So, what's your take on this data. I mean, I thought two things. One, I gotta go I gotta get Rick over to the ...

New home sales down nearly 14% in May. It was the biggest month overmonth decline in three years as buyers continue to grapple with stubbornly high mortgage rates. Today's data sending housing stocks lower with the ITB home construction ETF down over a percent and snapping a 4-day winning streak which had been its best stretch since January.For more, Zillow senior economist Ore Debongi joins us right now. Or great to have you with us. Thanks for having me.I was I was actually enjoying the the debate there. ...

I want to start with this data and maybe we can spend some time on a palace intrigue later on. Jobless claims, initial claims lower than expected, continuing claims higher than expected and creeping higher over the past few months. From your vantage point, president title, how much weight would you put on one versus the other.And what's the labour market picture look like in your point of view, your opinion. Well, the labor market is shaping up to be solid and the data today confirmed that. Now, continuing ...

Rick Santelli is standing by at the CME in Chicago. And uh Rick, take it away. Let's see the numbers.Yes. And there are a lot of numbers, so we're going to go slow. And let's start with well, let's start with durable goods, shall we.On durable good orders, we're expecting a number that's going to be somewhere in the vicinity of up 8 to 8 and a half% on a preliminary, not coming across the screen. So, we're going to switch gears. We're going to look at the trade balance minus 96.6% billion.So the good news t ...