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June 30, 2024
Please sit down. Good morning. I have brought something with me so ill start off with our economic performance. If i have the opportunity, oh, you brought me another copy. Thank you. So ive got some more info with me. I will try to use your questions to share the most important data with you and that is a lot of relevance with what will happen in the future. I will try to get to your questions as soon as possible. Its a press conference and i dont want to take too much of your precious time. Its...
June 28, 2024
My first guest had two Long Distance love affairs. The one with a girl who loved 10 hours away. He created a video chat platform that brought him closer to his girlfriend. The other, getting into the United States was more difficult. He tried not once or twice, to get a visa. When he finally got it, he created zoom, now worth a billion dollars, he has a reputation as a hard charger. He sends employee s emails in n the middle of the night. And he expects people to be at work friday afternoon. Let...
June 27, 2024
Welcome to squawk alley for a tuesday morning. With john forte and Kayla Tausche this morning, dow, s p and nasdaq all trading in record territory, dow inching closer to 20,000. Starting to ask questions about whether it will bring about some selling. Looking for about a twoweek pull back in the wake of a fed meeting. Well see. The rest of the week will be interesting. For sure. Best s p factor today, dragging behind the rest of the postelection rally. Interesting to see it join the bunch today....
June 27, 2024
Is meeting with the National Association of manufacturers. Hes expected to make some major announcements on trade today with two executive orders. Our ylan mui is in washington, d. C. With all the details. Reporter sara, executive orders are focused on rooting out trade abuses designed to put other countries on notice and commerce secretary wilbur ross fired a warning shot on cnbc earlier this morning. There are unintended consequences of doing nothing as well. So as to doing something, tough th...
June 26, 2024
Galaxy note 7 phone amid all those reports. This is samsungs worstever recall and could cost the company as much as 17 billion. Not coincidentally, apple shares rallying, relatively speaking, top gainer on the dow. John, we sort of set this up in the last hour. Now were starting to put this in context of giant recalls and corporate crises in history. Its difficult to gauge. Smart phone is this unprecedented consumer product, and millions of units, highly profitable. Only a couple of companies in...
June 26, 2024
Million subs, compared to that guidance of 2 million. The company beat up earnings in revenue. Reed hastings last night talking about competition on the call. We had a great couple of years at these price points and theres a lot of competition entering the market. Were focused on increasing value by having more spectacular shows so that people watch more of netflix. Lot of analysts are struggling how to value these guys. Is it a cash flow story . Is it a mushy hit maker story . Whats your take o...
June 26, 2024
Tausche and from our nations capital, ceo walter isaacson. Good morning to you. Good morning. Thanks for having me back. Our top story is the shrinking media landscape. At ts bid to buy time warner getting push back from the street. Likely to face headwinds in washington. 148 billion in telecom deals have been withdrawn since 2015. A lot of that, of course, is due to regulatory scrutiny. Walter, we spent the last 24 hours talking about the economics and sense of the deal versus the tenor of our ...
June 26, 2024
Welcome to squawk alley. John forte is on assignment today. Lets get to the top story, the campaign trail. One week away from the president ial election. National polls are tightening as new reports question Donald Trumps financial past and putin and russia. And Hillary Clinton is in hot water with those new emails. John . Less than seven days to the election. Were getting close. Take a look at how close the race is getting in the polls. Average of National Polls by the New York Times, realclear...
June 26, 2024
Colorado. With me here at post nine, as always, is john forte. Dow just down 9 points. Election day in the United States. Voting across the country. And the final real clear politics average has Hillary Clinton up over three points on gop nominee donald trump. Lets get out to kayla in boulder, watching the election from out there. Hey, kayla. Reporter hey, carl. Real clear politics has clinton ahead by three points in colorado here as well. The two candidates were tied as recently as last week. ...
June 26, 2024
Kayla tausche. Goldman sachs internet analyst. Great to have you back. Thanks. Along with our own mike santoli as we watch the dow tick above 19,000 for the first time. Yesterday, of course, all four major indexes hit closing and intraday highs. What does this all mean . The path of least resistance is higher . This is how the market trades literally when the paft path of least resistance is higher. Its drifting higher. I think that happens around round numbers. I look at dow 19,000, all the cav...