Geopolitics and what is happening in gaza and israel and what is happening in ukraine and russia and the economy as so much more. We will bring you all of that conversation ahead over the next three hours. Well be showing you pieces of that interview all morning long. Andrew, your biggest take away the biggest thing you think will be most important for the markets or investors watching with us . You know, we got into the conversation which we will show you in the 7 00 hour with the euro it is likely the ecb will move ahead of the fed and that will weaken the euro. There are a lot of take aways how he is thinking about politics and we talk about the issues with china and we mentioned tiktok i mentioned that in new caldonia, where there are riots taking place, they shutdown tiktok he had pointed words with how the United States is thinking about china as an enemy or frenemy. There will be pieces of this that folks will be watching. The euro is down 2. 5 on the year just on those concerns that the ecb is going to cut rates and the fed wont be able to for a while. That makes the dollar stronger and that, in some ways, brings a lot of inflationary pressures back to the ecb and euro as well theres no question no question. By the way, we talked about the olympics were here in paris and it gets crowded every day. This is the city that is clearly getting ready for their big moment in the sun and a lot of folks will be following all this one of the other things we will get into and we will show yo this on tape as well this is an issue of trying to create a truce between ukraine and russia during the olympics there has long been going back to the ancient greeks of the olympic truce and an effort under way to create a truce for two weeks. We heard so far that president xi is on board publicly with macron macron has been pushing china to put pressure on russia president putin, of course, not going along with that. Stay tuned we will have more on that in a moment lets look at the markets this morning. If you look at the u. S. Equity fu futures, there are green arrows across the board the dow futures are up 25. Same astory for the s p. The nasdaq is indicated up 155 that is largely because of what we heard from nvidia we will talk more about that in a moment that comes as the dow fell 202 points edinso far the s p and nasdaq are also down after minutes from the last fed meeting discussed a lack of progress toward lower inflation in the recent months and discussing a willingness to hike rates if inflation did not continue to move to the 2 goal. Goldman sachs ceo David Solomon said he expects the fed will not cut Interest Rates at all this year that comes among the economy proving to be more resilient thanks to Government Spending and investment in the Artificial Intelligence infrastructure. That is driving things today a quick look at the treasury market with the 10year yield at 4. 41 the other big markets or the one is nvidia. The stock is rising after earnings at 612 per share. That was driven by growth in the S Data Center category Current Quarter revenue guidance came in 1. 5 billion higher than wall street invesexpected you see the stock indicated higher by 7 which is around what the Options Market was. Handicapping ahead of time in my mind, the market was hesitating for two or three days for nvidias permission to try the upside you were telling us that. It is an interesting dynamic. Nvidia is on the january fiscal year it has the stage to itself there is all of the forecast us on concentrated bets it answered whatever doubts. I dont think there were a lot of doubts. It pushed anything out the window people doubting this were thinking it would not continue at this pace people have been saying the longer we go with this, the higher the stock goes and the cheaper it gets. The e is rising faster than the p. The scale is probablycedentes doing. It has the product transition to the new processor and blackwell is ahead of plan they have a oneyear cadence with the new chips there are customers, meta, amazon and microsoft customers of the world, will create productivity they are operating as if it is helping them or scale. From their customers. I think this is a continually looking down the line. You are looking at a. I. Applications where it really is automatically profitable to put these things in. If you look at the case situation of customer call centers. For that to be automated, you could make that with the investment i was talking to an a. I. Guy the other day. You can make that instantaneously profitable looking at the productivity and looking at the bottom line paying off thats when jensen huang speaks and saying we will not meet the demand until halfway into next year and the halo effect into nvidia the dell news because of the line they have and the entire ecosystem rides with this. Amaz. This is different from the tech bubble in 1999 real money put to play and real profits put to play. Things are being built on a real platform exactly i was saying after the report last night and one reason why it can nourish the market more broadly, it is not magic the reason i think that we have seized on it is that the Companies Invest bing in nvidia, running through nvidia are the massively Profitable Companies like meta and amazon and alphabet and the rest, m maybe buying back stocks and other investments, but it is put into motion and nvidia is turning it into Free Cash Flow we are putting a multiple on that in the market it is not magic. It cannot last forever returns will probably go down for the margins on nvidia over time for now, the game is on. Unbelievable story. Andrew in the meantime, a story that also is making waves is tesla. The company grbroke ground on t battery factory in zhang the start of the construction would further consolidate the leading position in the Energy Storage. It expects the factory to begin in the First Quarter next year elon musk will speak in france today at viva tech we will hear more about the tesla plans and what he thinks is going on in china a conversation we get into with the president of france. Coming up, we will have that interview with the french president Emmanuel Macron. His comments on a. I. And jobs and the potential impact on the work force and, yes, the idea of billionaire s and wealth in france and how that is all supposed to work you are watching squawk box here on cnbc trading at schwab is now po, giving traders even more ways to sharpen their skills with tailored education. Get an expanding library filled with new online videos, webcasts, articles, courses, and more all crafted just for traders. And with guided learning paths stacked with content curated to fit your unique goals, you can spend less time searching and more time learning. Trade brilliantly with schwab. Power e trades easytouse tools, like dynamic charting and riskreward analysis, help make trading feel effortless. And its customizable scans with social sentiment help you find and unlock opportunities in the market. 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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 welcome back to squawk box this morning i am live in paris tech ceos descending here in paris. I had an opportunity to sit down for a halfhour interview with the french president Emmanuel Macron and exclusive conversation over technology which has been focus for this president since he took office seven years ago. We spoke about that and what he thinks is driving the innovation for Artificial Intelligence in the role of france and how to balance the issues of a. I. With jobs and the work force and inequality take a look. It is true that a few days ago we hosted the first forum to attract businesses and investment in tech and other sectors as well with 50 billion for this session we have viva tech which was created a few years ago and now a huge success we have all of the a. I. Players coming from all of the world i do believe that the Tech Industry is one of the key factors of transformation. Innovation and growth creates a lot of opportunities for qualified and qualified people this is a big source of mobility in our society. Unqualified people, too yes, both i spoke about this on this stage, but it provides a lot for existing businesses and provides qualified and unqualified jobs by transforming existing business and large caps. This is why i believe in the sector and i clearly believe that france should be one of the leaders in this field. We multiply ten in ten years for tech when you take the difference with the u. S. And europe, we are lagging behind the growth per kcapita is half i europe as in the u. S. As the path indicates the main driver is precisely the lack of innovation we have to do much better. This is the case france is leading the Tech Industry in europe we want to multiply partnerships with other places in the world a. I. Is not just a sector. It is a huge revolution. It will completely transform education, democracy, work, a lot of things. I think our challenge for a. I. Accelerates and innovates. The ceo as you called him the french genius says the biggest risk of a. I. Is the workplace revolution i think this is not just a risk a. I. Will be a revolution for work for good and bad. Good, it is quite sure it will increase productivity. You know, it was one of the big mysteries of our economic lives that social networks and the social economy was not possible as an increase of productivity clearly, it will be the case with a. I it will completely transform that may mean a lot of jobs i agree with you. It will push us to shift a lot of calqualifications this is why we have to understand and progressively be aware of that and educate our people and we have to work very hard on the qualifications of a lot of people. We have to train and qualify a lot of people. The big question and you know i speak from experience where it is less used in the 1990s, Tech Revolution was the big debate western economies or economies with a certain level of wages with the high cost of labor when they adopt, they preserved the footprint. We dont want to have robots in france we focus on capacity the question is how a. I. Will be at the service of humanity and not just seen as a substitute of hum humanity we have risks. We have to assess them we have to lead innovation to be in a situation to regulate in appropriate terms and say i want a. I. At the service of humanity and increase productivity and in a substitute i have to maximize the number of good jobs in my economy. Lets ask this. This is a philosophical question of attracting startups to france i think you want to foster entre entre entrepreneurship here in france. When you think of the folks who started google or meta, they went on to become billionaires i want to understand the paradox of how you understand how you create the people who may become people of great wealth in a country which has a complicated view of wealth i think wealth is a completely different story everywhere in the world. It is true that france is focused on equality much more than others. We have an interesting taxation. I got rid of the tax when i was elected president. I put in place a flat tax. That is how we attracted a lot of variables we have to promote success through innovation i think it is very important in our society to make a clear distinction. You can have successful people when they perform as artists or in sport, but as in business as innovation is good for everybody because they create value for the whole people you have to accept that as a wise economy of tenants. You kill your own capacities if you reject this model. On the other side, the question is how to resist that point in time and avoid that in 10 or 20 or 30 years where it will be the children of those who have the talents will get benefits of the economy. It is true in our society the level of wealth is more and more in question. It is a tradition in france that changes that i wanted to transform this approach this is a good global debate i think having the wealth tax is a global debate. I push with the u. S. And with brazil and others a global tax which is more relevant than a french or european one otherwise, the tenants i dont know if you saw this. Janet yellen is against a wealth tax. The treasury secretary of the United States. Did you see that this is a pity. The g20 discussion this is a good global tax as a minimum tax we push in the agenda as a digital tax. You have to avoid big discrepancies. I think even in the u. S. Society, more and more people now are a little bit shocked or upset by the level of wealth its further when you are innovative and successful, you get money. When you create big innovation, even more. I think this is the right question with the scale of the planet to say we need more firmness i think it is an issue to do for people on the National Scale you mentioned artists before and creativity the Cannes Film Festival is happening now. I wanted to ask you. Openai said it would no longer use a voice a sounded like Scarlett Johansson, the movie star, because the voice was too close to her voice she was upset about that even though it was done by another actress. Im curious given your thoughts about creativity and whether you think a. I. Should be able and this is an intellectual property issue and copyright issue should be able to use a voice that sounds like somebody elses voice. Somebody may do this to you one day. Im asking the iphone to translate speeches in different languages. This is the issue we make with the company you mentioned at argue. I think the Big Questions we have on the table and it would be the question we would ask during the a. I. Action summit we have in person in february of 2025 intellectual properties is one of them. I believe we have to protect our artists and our writers and all of the different artists from any threat and we have to protect the intellectual property a. I. Should not be seen as a threat if we create the proper regulation i do believe that we need to do that soon. A global regulation. This is why in this conversation that we need the u. S. And china and the big economies and innovators of the planet to precisely protect this a. I lets ask about the big tech and regulation the company here in france has a partnership with microsoft a number of the big a. I. Companies are partnering with big tech all over again. If microsoft called up you and said we want to buy you, are they such a National Champion and say i cant do it . What do you think of big tech getting bigger i dont think it is good news i prefer them to be independent and grow on their own because i think m a is part of the Business Life for sure what we look with a lot of big tech and giants during the past few years is they had contrary innovation m a many proposals just to digest more innovation and to be sure they take the innovation, but make sure other guys dont go further to jeopardize them i think it is good for the u. S. Ecosystem to have a vivid and vibrant and ambitious eus ecosym we need much more european big players. I think a lot of investment and they look to decide here the more we will have european governments to be in the discussion with the chinese and u. S. Governments we have a lot more of that interview with french president Emmanuel Macron still to come, including his comments on china and geopolitics and ukraine and the impact on the economy and so much more when we get into gaza and taxes. You want to see so much more of it as we roll that out throughout the broadcast, mike a lot of fascinating stuff, andrew thank you. Coming up, the department of justice looking to take on livenation we will tell you about the report of the antitrust suit in the works. Thats next. Squawk box will be right back. I think the aanhpi community is quiet and hard working and a good student that means we are often forgotten. It took me years to find my voice and advocate for myself in the workplace. Remember, a diverse viewpoint is important and ultimately benefits the bottom line whats up, auntie . Did you get the basketball shoes i need for tryouts this weekend . Oh, dude. Thats okay. Im not going to be able to make it to dicks this week. 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