Breaking overnight, the iranian president and foreign minister of iran killed in a Helicopter Crash. Lets get to correspondent Richard Engel with more. Reporter we just got word a few hours ago that the helicopter carrying the president of iran, raisi and the foreign minister and others crashed. There was a search and rescue operation where they did not find any survivors in the crash debris. This delegation of three helicopters and one went down carrying the president after he left the border area of iran and azerbaijan in foggy conditions. I have spoken with u. S. Officials who say the cause was foul weather. Iran, lots of speculation on social media, eiran is not pointing fingers at israel or the United States. This does create a few leadership issues or potential succession crisis for the Supreme Leader in iran. The president in iran doesnt call the shots. He carries out the policy of the Supreme Leader. President raisi was not exactly tapped. It is more hidden politics in iran. He was seen as the clear fr frontrunner to be the next Supreme Leader given the current Ayatollah Khomeini is 86 years old. This is a imagine other change of course. If raisi had become the next Supreme Leader, he could have been ruling iran for the next t two decades. They have to find a new president according to the constitution where the Vice President will take over as they will have elections in the next 50 days. The larger issue is what to do about the Supreme Leader now the frontrunner is no longer alive. Not expected to change policy, however, irans policy. I dont expect to see many people on the streets carrying american flags and demanding a change of course. What we could see, however, is the revolutionary guard stepping up to take advantage of the moment to assert more control. Irans basic principles which are three are not expected to change. Those three being pushed United States out of the middle east, replace israel with palestine or disrupt the world order with alliances with anyone who shares the agenda, russia and venezuela and many countries along the way. Richard, i saw something on social media last night with fireworks that were taking place there and people trying to play that off as celebrating his death there. What you are saying is dont read too much into that. Reporter i would not read too much into that. Look, it could happen. You never know whats going to be the spark that changes the course of history. Maybe that happens. That may be unlikely. They had a protest movement. Raisi led the crackdown of that moment. There was a Street Movement or street revolution by women. Women taking off their veils and insulting openly the clerical rule. That revolution was more or less destroyed and things were heading in the opposite direction after the last several months and last several weeks. I think it would be difficult for them to go back on the street and reignite that, especially now that the regime is going to be bracing for it. I think if there is any movement right now, the regime will be cracking down very hard. Richard, he was staunchly antiisrael and antiwest and denying facts in history. Was he about average for the type of leader we expect to come or is it possible there would be something that someone not quite as outspoken in terms of, you know, antagonizing . Reporter i think about average. I dont think you will get very different. It is not its not an open system. Yes, he is the president and elected, but the elections are not free, open and transparent. They are arranged. All of the candidates are preselected by a group of council that approves which candidates can elect and which ideological background they have and the president is not the one who calls the shot. He carries out the orders. He is responsible for picking up the trash and making sure the government functions. The Big Decisions of state rest with the theocracy. This country had thousands of years of rule. Shahs and kings and in 1979, they got rid of that. The revolutionaries under Ayatollah Khomeini said we will do things differently. We cannot have the corrupt individuals based on personal politics and the shahs close to iran and israel were repressive. The revolutionary says we cannot accept this. We have divinely elected leaders growing up who run the state because they commune with god. There have been two. Khomeini is now 85. The guy who just died was going to be the third. It would be very likely the third. The only other name has been mentioned is his son. Will his son take over . Challenging. The iranian revolutions had a rule. Now the president dies in the Helicopter Crash and people see that as suspicious and it would be difficult for the Supreme Leader to have his son take over for him. There is a leadership crisis right now that will play out over the next several weeks or months or maybe a year depending on how long the Supreme Leader lives. Richard engel with nbc. Thank you very much. In the next hour, we will speak with karim sa sdrks jsadjapour. Richard just laid out the reasons for why conspiracy theories are abounding. Back here, the wall street journal shows Bank Regulators are looking for an increase in capital that had been proposed after strong opposition from some of the biggest banks. The journal said the 20 mandated increase in capital which was originally proposed would be cut roughly in half. Those capital reserves are meant to have a sufficient buffer to absorb losses. The bank ceos criticized the requirements. Big story in the wall street journal this morning. Jamie dimon lobbying against the thing which would drum up costs and crimp lending. The real concern is it would be harder for u. S. Banks to compete versus international banks. They push that it would be a big issue. You heard jamie dimon speak out against it and Brian Moynahan speak out against it. It is not usually a move you want to take because you want to irritate your regulators. This is one that rose to the level where they should speak out. Others say we have the arcane and crazy regulations to prevent too big to fail, but all you need is more capital. The other issue is the regulated industry, the banks, versus the unregulated lenders, that escape the rules. If you look at the mortgage lenders, the bankers say you dont hold them to the same standards. Lets hope they have enough next time. Coming up, nvidia is the highlight of this weeks calendar for earnings. Well llte you what to expect. Thats coming up next. Squawk box will be right back. In any business, you ride the line between numbers and people. Whats right for the business and whats best for everyone who depends on it. Solving todays challenges while creating future opportunities. It takes balance. Cla cpas, consultants, and wealth advisors. Well get you there. A slow network is no network for business. Cla cpas, consultants, and wealth advisors. Thats why more choose comcast business. And now, were introducing ultimate speed for business our fastest plans yet. Were up to 12 times faster than verizon, at t, and tmobile. And existing customers could even get up to triple the speeds. At no additional cost. Its ultimate speed for ultimate business. Dont miss out on our fastest speed plans yet switch to comcast business and get started for 49. 99 a month. Plus, ask how to get up to an 800 prepaid card. Call today nvidia, one of the biggest names for earnings, especially in this environment will report this week on wednesday after the encl closing bell. Joining us is paul meeks with harvest management. Paul, we have seen profit taking from certain people with nvidia. It is up so much. Do you expect this to be blowout like recent quarters and the stock to trade higher . It has come back, but stalled for the last couple months. Thats a good point, joe. I would say the markers out there for 5. 57 eps and 27. 5 billion in revenue, i expect them to easily beat those figures. What im spec speifically looki for is 26 billion in rerevenue. I think some investors will be disappointed. Everybody knows the fundamentals near term are stellar. The question is how long is the runway . What happens if everybody and their brother finishes building the Large Language Models and does nvidia continue to increase with this cash flow . What the company has to do on the Conference Call is give us what we need. A nice big beat for the quarter and good guidance for the next and make us feel there is a long runway here and that its competitors with the products are further behind than people think. Even when these competitors ship their chips, they wont take as many market share from nvidia as p people think and nvidia will have a market share in a. I. Inference as theyve had in a. I. Large language model building. We will see. It will be a tlhriller on wednesday afternoon. Do one of those things have to replace the buildout part, paul . Will there always be upgrades or another cycle twith other thing or will there come a point where you do start to see the growth slowing even if it is not comp competitors, but just in what people need . That is key, joe. This year, the company will double its eps. Next year, the street has 30 growth rate. You know, 30 is wonderful, but it is a slowdown from what they will do this year. The key thing is nvidia dominates and will probably continue to dominate the chips for the buildout. The early buildout of large language model building and next step in a. I. Is inference. Inference does not require as strong Computing Power or as much Computing Power. Will they see market share fade a bit . It is an excellent question, joe, and one im watching carefully. Nvidia has great execution. We will see what happens. It is not what happens with their competitors, but how long is this runway. The competitors are focusing on the next step or still trying to make inroads in the large language model buildout . Are they focusing on the infer inferencing . I think the competition hits in inferencinging. They are chasing the large language model. One thing we heard from the quarterly reports is the tech majors, who are already spending a ton on this, have just ratcheted the capital ex expenex expenditures up more. Amazon will spend 60 billion. Meta and google and microsoft are going spend at least 40 billion teach. Zuckerberg said on his Conference Call that is the new normal and in the future years, they dont peak at 40 billion. They go higher in the next couple. The key will be can folks like amd catch up in the large language model building . It will go for some time. Even nvidia has announced another round of chips recently. The blackwell chip. We will see. Right now, they have a nice lead, but, of course everybody is coming at them hard. You talked about the capital spending. That is all Companies Developing their own a. I. Infrastructure or some of that gets spent with nvidia . This is Capital Expenditure building. Move that is based on a. I. And large language model going to inference. Joe, this would be levering nvidias chips. Theyre all working on their own chips to compete, but as long as the tech majors continue to announce higher and higher Capital Expenditures, the biggest beneficiary is nvidia. They are spending it on their own chips, but a lot is building out data centers to have Computing Power . Becky, most of it is going to build out the data centers. I think about somebody like amazon and Amazon Web Services with more and more data centers to support customers large language model building. When they do that, they buy more nvidia chips. If you bought this at 100 or 200 or 300, would you hang on . Would you sell . What would you do . I think i would hang on. I want to hear what they say on wednesday. If you look at the petogrowth ratio, the stock is trading at 30 times to next years earnings. We are expecting 30 growth next year. I think that growth will be up upside. I think the stock is expensive enough to just hold it if you own it. Dont trim it yet. If you dont own it, you need to own it as core and technology portfolio, but wait for a dip. Can i ask, paul, the potential risk . The company is based in california, but its ma manufacturing is based in taiwan. Any concerns of what china may do down the road may have a big impact on the company . Are yoyou are right, becky. The chips managed bys taiwan semiconductor. Xi jinping said it will happen. Yes, i would watch that carefully. In the meantime, i dont see a threat. All right. Thanks, paul. Paul meeks with harvest portfolio management. See you soon. Thanks, joe. When we come back, blue origin resuming Space Tourism flights about two years after they were grounded. We will tell you who was on board for yesterdays launch. Squawk box will be right back. My mother encouraged us to have a strong work ethic. It was the key the value of asian culture. My mother was encouraged not to speak cantonese to us in randle el elementary school. Hows the chicken . The prawns are delicious. Oh, i have a shellfish allergy. One prawn. Very good. Did i say chicken wrong . Tired of people not listening to what you want . Its truffle season ah thats okay. Never enough truffles. How much are they . Its a lot. Oh okay im good, that its like a priceless piece of art. Enjoy. Or when they sell you what they want . Yeah. 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Blue origins tourism rocket lau launched passengers to the edge of pacspace for the first time two years. On board was ed dwight as the first black candidate nominated by john f. Kennedy in the 60s. He was a couple months older than william shatner. Two 90yearolds made it to the edge of space. A french brewery founder and Software Engineer and retired accountant and of aviiator were board. And Xander Schauffele finished the pga championship yesterday with the series of clutch shots. Oh, my gosh. Almost went back out. First win in a major. He edged out Bryson Dechambeau who was unbelievable with the shots he made. It was at Valhalla Golf Club with the birdie on the 18th. He had to make a par on 17. Bryson dechambeau had the unbelievable birdie to get to 20 under. The lingering memory of the tournament is the Scottie Scheffler arrest on friday. He will be arraigned tomorrow. A poor round where he shot 73 on saturday. His first round over par in a long time. That kept him out of contention. He had a great round on sunday. Xander shot 65. The day it happened. He finished tied for eighth at 13 under. You know i spent two days this year with Xander Schauffele. Just watching him from close up with his irons. I cant figure out how he does it. There is never any question he will hit it solidly and hit it straight. He just hits down on the ball so well. I was horrible. I was sick out there. We did the show at 3 00 a. M. Im surprised that i didnt throw him off. Watching my tempo. He must have been turning away. Nicest guy. Those guys dont judge you ever. Out loud. Yeah. They dont judge you out loud. Spending time with him. I love it. Im happy to see him win. Bryson has had, not attitude problems, but people in the past have not liked him. He was class from atoz. Did you see him throw his golf ball to the kid . No. Did you hear about it . Throws to the kid and an adult grabbed it and runs away. Bryson chased the guy. Other people stopped the guy. They got the ball back and gave it to the kid. Thats terrible. He hits it 190mileanhour ball speed. When he tries hard, he hits it 380 yards. I thought it was going to bounce out. That last one. Schauffele. I thought it was going to lip out and go off to the left. He just acted like eh. He has been close so many times. Every shot that he made that was crazy and went in, he won by one stroke. Thats how hard it is to get over that hump. It was great. Great day. You liked the pacers . Yeah. Theres something about watching all of the celebrities finally jump on board the knicks and seeing them on the sidelines where im not hoping the knicks lose. You bet on the pacers . I did. You were