Let's bring in Muhammad Ali. Muhammad is gonna have a few thoughts on this for sure. Alian's chief economic adviser, Muhammad.And here's the thing with the president's um kind of furer at Powell who is is not being very dovish right now. And and we've seen this with Supreme Court picks as well. You know, you think you're getting a conservative and you know, so is the president going to go out of his way to get someone who he thinks is going to be Look at everyone he's appointed to his cabinet the second tim ...

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 ...

Financial Performance - Company achieved $137 billion (13.7% billion) in profits last year [1] - Company anticipates exceeding last year's profit [1] - Interest rates around 5% contribute approximately $75 billion (7.5% billion) to profits [2] Investment Strategy - Company invests in gold and Bitcoin [2] Market Outlook - Federal Reserve did not cut interest rates [1] - Company expects improved performance this year [2]

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 ...

Housing Market Trends - New home sales experienced a nearly 14% month-over-month decline in May, marking the biggest drop in three years [1] - Existing home sales managed a slight increase in May despite headwinds [5] - Resale inventory is up 20% compared to last year [5] Affordability and Demand - Housing affordability has improved slightly from a year ago, but home sales continue to "bounce along the bottom" [3] - Consumer confidence dropped drastically in April, impacting housing demand [4] - A frozen labor market and a potentially rising unemployment rate pose headwinds for housing demand [4][6] Seller and Buyer Dynamics - The market is rebalancing, with bargaining power shifting towards buyers [10] - There were the most price cuts for any May since 2018, indicating sellers and buyers are coming back together [9] - Sellers are facing more competition and need to be more strategic [10] Economic Factors - The labor market is a key factor to watch, potentially more important than higher interest rates [6] - Inflation is roughly 21%, as measured by PCE [7] - The impact of tariffs is already playing itself out [8] Future Outlook - Zillow's forecasting team believes home sales could increase slightly and finish the year slightly higher than in 2024 [12]

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 ...