0
0.0
Apr 8, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
great interview with janet yellen. thank you. let's get reaction from what we heard from janet yellen. we have a senior fellow at the atlanta council economic center. good morning. great to have you here on a day like this following that inte interview. >> good morning. thank you for inviting me. >> was something that stuck out about the interview or what we heard from janet yellen? groundless and unacceptable on both sides of the overcapacity issue? >> that is talking about the ability of the chinese system and our availability. yellen was correct in raising the issue of overcapacity particularly in green tech sectors. from the chinese point of view, that is the strategy to develop the new growth engine and serving the economy and the organization of the economy. >> so a lot of talk about the chinese economy. you heard sara say yellen was trying to get officials to focus on consumption. for the second straight year, gdp growth target of 4% was set. in your mind, is some of the push back focused on the gdp tar target or is it pol
great interview with janet yellen. thank you. let's get reaction from what we heard from janet yellen. we have a senior fellow at the atlanta council economic center. good morning. great to have you here on a day like this following that inte interview. >> good morning. thank you for inviting me. >> was something that stuck out about the interview or what we heard from janet yellen? groundless and unacceptable on both sides of the overcapacity issue? >> that is talking about...
0
0.0
Apr 8, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
secretary yellen is very respected in china. she's also going to turn 78 this year and if president biden turns 78 she will not be the secretary of the treasury. we will lose the people of her age that will lose u.s.-china cooperation and we'll get younger people who see xi jinping as aggressive so perhaps this is the right thing to do for the next six months and it will not work in 2025 because we will not have another secretary yellen to make these visits and try to calm everyone down. >> is that what you mean, you don't see anyone else coming up in the pipeline who could be as popular? >> yes. you have a situation where secretary yellen has had a long and respected career and she's very friendly to china. that is a rare thing now. younger people tend to remember more of xi jinping and less of the days of -- of stronger u.s.-china cooperation. so even if president biden wins she's not going to be treasury secretary in 2025 and certainly if president trump wins she isn't. so we're going to get someone who is rr different from s
secretary yellen is very respected in china. she's also going to turn 78 this year and if president biden turns 78 she will not be the secretary of the treasury. we will lose the people of her age that will lose u.s.-china cooperation and we'll get younger people who see xi jinping as aggressive so perhaps this is the right thing to do for the next six months and it will not work in 2025 because we will not have another secretary yellen to make these visits and try to calm everyone down....
0
0.0
Apr 8, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
. >> we will hear from yellen at 11:00 a.m. cet. >>> and sergio ermotti is looking to create more competitive banks. he said the integration of credit suisse is the case study for the continent. >> we h cannot rely on the cris. there has to be a political desire. >>> tesla shares moving higher in pre-market trade by nearly 4% as elon musk says the robo taxi will be revealed in august shrugging off the report that the ev maker is scrapping the low-cost car plans. >>> europe's largest upgrade tui is looking to move. we will speak to the ceo at 10:45 cet. >>> okay. let's take a look at the european markets for you at the start of the trading week. it is a little bit less positive than it was a half hour ago. you have the ftse 100 dipping into negative territory. the other ones are still holding positive. we have the cac 40 and dax and ftse mib with green on the screen there. this is after the negative day on friday for the european markets. indeed, over the course of the week, the european stoxx 600 broke its ten-week winning stre
. >> we will hear from yellen at 11:00 a.m. cet. >>> and sergio ermotti is looking to create more competitive banks. he said the integration of credit suisse is the case study for the continent. >> we h cannot rely on the cris. there has to be a political desire. >>> tesla shares moving higher in pre-market trade by nearly 4% as elon musk says the robo taxi will be revealed in august shrugging off the report that the ev maker is scrapping the low-cost car plans....
0
0.0
Apr 8, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
i don't want to take anything from secretary yellen. she's had two really good trips and they've been pushing what we know is the san francisco agreement to keep high-level -- open but in many ways this is low hanging fruit. china knows this is an easier conversation for them to have with secretary yellen but how does the entire relationship help? we have not had a senior-level secretary of defense to his counterpart level dialogue on the middle side. we have real problems right now in the south china sea with the philippines and china literally tash the philippines is a treaty ally so we have to take a step back and say, there has been some progress over the last year. last year was a low bar to measure but we still need to see, progress in other parts of the relationship. it's something i'm keeping a close watch on. >> would you quickly address the question i asked sarah? how much legitimacy there is to the chinese rejoinder that, by gosh, you guys subsidize your businesses too and sarah pointed out that it's a question of scale and m
i don't want to take anything from secretary yellen. she's had two really good trips and they've been pushing what we know is the san francisco agreement to keep high-level -- open but in many ways this is low hanging fruit. china knows this is an easier conversation for them to have with secretary yellen but how does the entire relationship help? we have not had a senior-level secretary of defense to his counterpart level dialogue on the middle side. we have real problems right now in the...
0
0.0
Apr 5, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
yellen hitting on a key number of topics. megan cassella has more on the story. >> dom, yell een wrapped up the first full day of meetings. she exmphasized the concerns an she called overcapacity a familiar issue wihich intensifid and is it impacting new areas and she is concerned about green technology like ev batteries. she heard from several foreign leaders who share the same view. >> i like to underscore that our concern with overcapacity is not anti-china policy. it is significant for us to mitigate the risks from the inevitable global economic dislocation that will result if china doesn't adjust its policies. >> yellen told business leaders she recognizes sometimes the co actions by doing business in the cou country. beyond overcapacity and remarks with the vice premier, yellen said it was crucial for the u.s. and china to communicate on areas of concern. a list that includes national security economic measures. dom, the next stop is beijing for two days of meetings with the vice premier. she will be driving home her tr
yellen hitting on a key number of topics. megan cassella has more on the story. >> dom, yell een wrapped up the first full day of meetings. she exmphasized the concerns an she called overcapacity a familiar issue wihich intensifid and is it impacting new areas and she is concerned about green technology like ev batteries. she heard from several foreign leaders who share the same view. >> i like to underscore that our concern with overcapacity is not anti-china policy. it is...
0
0.0
Apr 8, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
. >> treasury secretary yellen is not ruling out the possibility of new tariffs on china. >> janet yellen wraps up her visit. >> it's beneficial and desirable and it needs to be on the level playing field. and in the number of ways we feel it's not. >> jamie dimon's warnings for investors. higher rates, and the profound implications of a.i. >>> we begin with news vonding a major supplier to nvidia. the white house announcing $6.6 billion for the company's arizona plants. under the commitment, tsmc is committed to adding a third complex. jim, we're talking some 20,000 construction jobs, there's money in here for workforce training. >> this is a big one, it's the ones that we really need. i don't know, we'll have to talk about how much they really feed. we don't have enough engineers to build these. david, you know that this is the most tenuous, we'll talk with sara about it, the most tenuous situation we have, which is we could lose access to this if china moves on taiwan. >> we could. >> that's a big threat. >> certainly important component of our concern if that were to occur. >> and sup
. >> treasury secretary yellen is not ruling out the possibility of new tariffs on china. >> janet yellen wraps up her visit. >> it's beneficial and desirable and it needs to be on the level playing field. and in the number of ways we feel it's not. >> jamie dimon's warnings for investors. higher rates, and the profound implications of a.i. >>> we begin with news vonding a major supplier to nvidia. the white house announcing $6.6 billion for the company's...
0
0.0
Apr 8, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
her nickname here is yellen nainai. that means yellen grandma. she is really trying to keep the economics here separate over the confrontational national security concerns. >> sara, i'm curious on the ground. she did not want to step into the political realm, but what is your sense of the political realm with the politic during the election year. what do you think? >> increasingly anti-american sentiment. no question about it. that is the sense from talking to folks here. we pick it up on social media. we monitored it throughout her visit here. even on the editorials and the state media and calling the criticism of overcapacity xenophobic. it was more on the politics over the u.s. and china. you know, they did in the conversations bring up the chinese issues and concerns with tiktok and legislation going through congress, andrew. the concern is that on the chinese part that the u.s. is using national security as a way to target chinese business and chinese companies from succeeding in places like the u.s. that is the view here. the u.s. is going
her nickname here is yellen nainai. that means yellen grandma. she is really trying to keep the economics here separate over the confrontational national security concerns. >> sara, i'm curious on the ground. she did not want to step into the political realm, but what is your sense of the political realm with the politic during the election year. what do you think? >> increasingly anti-american sentiment. no question about it. that is the sense from talking to folks here. we pick it...
0
0.0
Apr 4, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
yellen will have four meetings across two cities. her goal is to meet with former and current leaders. the biggest piece of the eagend is meeting with her counterpart li on the economy. she will press for changes. we heard about this last week. trade is at the p toptop of the. she will address unfair trade practices and overcapacity issues. other areas of concern are likely to come up is the invasion of ukraine by russia and any violation of the sanctions against russia. they will look for progress in areas with room for cooperation between the two countries. that includes climate and drug trafficking and finance. yellen wants to increase the communication with the u.s. and chinese regulators. dom, this comes after president biden spoke with president xi earlier this week. the goal here is to continue the administration work of stabilizing the relationship and derisk and not decouple. dom. >> megan, the administration is talking more with china than they once were. how much has that relationship actually improved over the course of t
yellen will have four meetings across two cities. her goal is to meet with former and current leaders. the biggest piece of the eagend is meeting with her counterpart li on the economy. she will press for changes. we heard about this last week. trade is at the p toptop of the. she will address unfair trade practices and overcapacity issues. other areas of concern are likely to come up is the invasion of ukraine by russia and any violation of the sanctions against russia. they will look for...
0
0.0
Apr 5, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
i think that yellen will be forceful with that. i can't wait to see what she says to sara, because she's right in their face. i mean, and then, you know, typically, i'm speaking with -- i speak with george kurtz from crowdstrike, i mean, china is just going nuts with cyber terror. these guys are just outlaws right now, and she's going to the kingdom, and basically calling them outlaws, and i don't think -- i think it's much more disruptive than people think. >> we look forward to sara's sitdown, but in the meantime, take a listen to what the treasury secretary has said so far. >> we've seen the prc pursue unfair economic practices, including imposing barriers to access for foreign firms and taking coercive actions against american companies. i strongly believe this doesn't only hurt these american firms. ending these unfair practices would benefit china by improving the business climate here. >> whmeanwhile, the eu opening probe of two chinese solar panel makers, so the u.s. is not doing this alone. >> it's the old days. they're ba
i think that yellen will be forceful with that. i can't wait to see what she says to sara, because she's right in their face. i mean, and then, you know, typically, i'm speaking with -- i speak with george kurtz from crowdstrike, i mean, china is just going nuts with cyber terror. these guys are just outlaws right now, and she's going to the kingdom, and basically calling them outlaws, and i don't think -- i think it's much more disruptive than people think. >> we look forward to sara's...
0
0.0
Apr 26, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
compare and contrast this visit of secretary blinken with that of secretary yellen a few weeks ago. >> well, i think there are a lot of similarities. secretary yellen was asking for some adjustments in chinese industrial policy, talking about overcapacity in certain industries, leading to large exports, which potentially could be adverse for the united states blinken is also conveying a message that's asking china to change its policy, just like secretary yellen in this case, restricting a broader range of exports to russia china has not violated any official sanctions, but the u.s. is raising the ante, saying even normal trade has to be more restrictive, because it might indirectly contribute to russia's war-making capability as you already noted, china has not sold any military equipment, direct military equipment to russia but now we're asking them to tighten out even more. >> how big a danger is the relationship -- how much danger is embedded in the u.s./china relationship specifically, there's a lot of talk about pressure the south china sea, pressure against taiwan how dangerous
compare and contrast this visit of secretary blinken with that of secretary yellen a few weeks ago. >> well, i think there are a lot of similarities. secretary yellen was asking for some adjustments in chinese industrial policy, talking about overcapacity in certain industries, leading to large exports, which potentially could be adverse for the united states blinken is also conveying a message that's asking china to change its policy, just like secretary yellen in this case, restricting...
0
0.0
Apr 2, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
it comes two days before treasury secretatariretary jan yellen travels to china. stephen, what should we expect, if anything, out of secretary yellen's visit to why that. >> well, it comes at an important time, melissa, as all these visits do. first of all, when you're talking about the xi/biden call, you have to cut the time in half because of consecutive translation, so, they each got maybe, i don't know, 45 minutes of air time, but secretary yellen has got to deal with this imbalance between supply and demand, which is putting too many chinese goods into the market right night and a source of concern for the u.s. i was in beijing last week, and there's a lot of talk about manufacturing and upgrading the production on the supply side, but a lot of hand wringing over the lack of demand, so, that imbalance is a big deal. >> and at the same time, we had many u.s. ceos over there in beijing meeting with president xi and this sort of ere kes traited meeting, so, there is this acknowledgement on the part of beijing that they need american business, and yet there's thi
it comes two days before treasury secretatariretary jan yellen travels to china. stephen, what should we expect, if anything, out of secretary yellen's visit to why that. >> well, it comes at an important time, melissa, as all these visits do. first of all, when you're talking about the xi/biden call, you have to cut the time in half because of consecutive translation, so, they each got maybe, i don't know, 45 minutes of air time, but secretary yellen has got to deal with this imbalance...
0
0.0
Apr 5, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
our colleagues will speak to janet yellen on monday. make shoure you do not miss tha interview at 11:15 cet. >>> samsung expect a tenfold rise in the first quarter profit as prices rebound ahead of the expec expectations. >>> we will see u.s. jobless claims hit a record high of 221,000 and continuing claims fell slightly to 1.79 million. analysts expect job growth to slide to 200,000 from 275,000 in the previous month. i'm pleased to say we have neal wilson with us. i was referencing what markets are expecting in the non-farm payroll today. what do you think it will bring today for investors? >> i think the market is a hope machine. it would love to see the number below 15150. i think it will be within that range. the adp numbers were 185,000. consistent, but higher than last month. i think the important thing is to focus on the wages. right now, wages year over year are 4.1% higher. that was the figure in february. we will see what it is here. i do think that the fed is -- as mohamed el-erian stated in the clip, he said they should be
our colleagues will speak to janet yellen on monday. make shoure you do not miss tha interview at 11:15 cet. >>> samsung expect a tenfold rise in the first quarter profit as prices rebound ahead of the expec expectations. >>> we will see u.s. jobless claims hit a record high of 221,000 and continuing claims fell slightly to 1.79 million. analysts expect job growth to slide to 200,000 from 275,000 in the previous month. i'm pleased to say we have neal wilson with us. i was...
0
0.0
Apr 8, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
what i worry about, and it brings me back to janet yellen, that janet yellen is correct in the moment. what i think happened last fall was very interesting. when we saw the ten-year pump to 5%, why did it bump to 5%? not because the fed was doing anything. not because there were different expectations for cuts or hikes. why? because the u.s. credit, when the world saw how fiscally irresponsible we are, the u.s. credit on the curve bumped up. that's where it gets dicey. maybe earnings can't work as well as they need to to get to that -- >> haven't we learned our lesson, that being right in the moment is all that mattered for this market, or you missed it. if you were preoccupied for the last 18 months with the what-if, you lost? you were not fully invested in equities, you were not invested in the right things, and you missed an unbelievable rise in stocks -- i am not saying you can be fully invested in equities -- >> you knew where i was going. >> yeah. if you spent the what if, what if, what if over the last 18 months and that colored your investment -- >> you are right. >> can i fie
what i worry about, and it brings me back to janet yellen, that janet yellen is correct in the moment. what i think happened last fall was very interesting. when we saw the ten-year pump to 5%, why did it bump to 5%? not because the fed was doing anything. not because there were different expectations for cuts or hikes. why? because the u.s. credit, when the world saw how fiscally irresponsible we are, the u.s. credit on the curve bumped up. that's where it gets dicey. maybe earnings can't work...
0
0.0
Apr 10, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
the sunset interview with yellen was meaningful. the thing that the chinese are exporting more than anything else i know is cyber terrorism. last i looked, that doesn't really have a good multiple. >> no, it doesn't, and it is a huge issue, one that we can't really talk about enough in some ways, but we don't because it's become so commonplace. it was many years ago when i did my doc on chinese cyber espionage. >> you didn't bring your phone, famously. >> you always have to bring a burner. >> that was the closest you ever came to "the wire." >> i don't know how many years it was. it's only increased since then. there was a brief lull during a part of the obama administration, but it's come back. they have thousands of people dedicated to doing nothing but, as we know, cyber espionage. >> are you watching what's going on with united health and the duelling press releases by companies that are actually -- >> i thought you were going to take me more to your guest from last night. we can talk about the breach at united health care, but
the sunset interview with yellen was meaningful. the thing that the chinese are exporting more than anything else i know is cyber terrorism. last i looked, that doesn't really have a good multiple. >> no, it doesn't, and it is a huge issue, one that we can't really talk about enough in some ways, but we don't because it's become so commonplace. it was many years ago when i did my doc on chinese cyber espionage. >> you didn't bring your phone, famously. >> you always have to...
0
0.0
Apr 4, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
. >>> treasury secretary janet yellen arriving in china today for four days of meetings with chinese officials. for more on whom she's meeting and what they will talk about, let's bring in meg been cassella. >> she'll be pressing on areas of concern and looking for room for cooperation, as well as the head of the chinese central bank, and american business leaders working in china. a major focus will be investment in solar cells, ev batteries, which she has said has led to overcapacity that hurts manufacturers globally. yellen said yesterday while the inflation act is helping to boost production, more action could be needed. >> we're provide tech subsidies to some of these sectors, and i wouldn't rule out other possible ways in which we would protect them. >> now, guys, the trip comes just after president biden spoke with president xi, and it was warned that beijing would not sit back and watch, clearly a source of friction heading into this trip. >> megan, what would that further action, if the u.s. did take additional steps on overcapacity. >> tariffs are the likely answer. we have
. >>> treasury secretary janet yellen arriving in china today for four days of meetings with chinese officials. for more on whom she's meeting and what they will talk about, let's bring in meg been cassella. >> she'll be pressing on areas of concern and looking for room for cooperation, as well as the head of the chinese central bank, and american business leaders working in china. a major focus will be investment in solar cells, ev batteries, which she has said has led to...
0
0.0
Apr 5, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
i'm curious if it will come up with the yellen conversations? >> it privy of the conversations. >> ambassador froman and board member froman. >> thank you. >>> when we come back, the battle for financial literacy. sharon epperson has the report from the nation's classrooms next. >>> "squawk pod" has been nominated for a webby award. charlie munger was the last interview we featured. that code will take you right to the page where you can show your suort ppfor us honoring the best of the internet each year. "squawk box" will be right back. the future is not just going to happen. you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future where you grew a dream into a reality. the all new godaddy airo. put your business online in minutes with the power of ai. >>> welcome back. april is financial literacy month. there's been a good deal of research on how increasing financial education leads to sound decisions and better desug deci decisions. the question is how do you quantify the impact? we have
i'm curious if it will come up with the yellen conversations? >> it privy of the conversations. >> ambassador froman and board member froman. >> thank you. >>> when we come back, the battle for financial literacy. sharon epperson has the report from the nation's classrooms next. >>> "squawk pod" has been nominated for a webby award. charlie munger was the last interview we featured. that code will take you right to the page where you can show your...
0
0.0
Apr 9, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
all after comments from treasury secretary janet yellen. she talked about the potential for the cars being on american roads. >> they are allowed to sell evs in the united states. we don't have rules against it. again, in that area as well, we are trying to foster a domestic industry. we are certainly open to imports, including those from china. there is no rule against china selling evs in the united states. >> again, chinese ev makers trading higher in hong kong. >>> let's get to the corporate stories with silvana henao. silvana, good morning. >> good morning. the biden administration is reportedly set to hand out its latest round of funds from the chips act. according to reuters, the white house will announce $6 billion going to samsung next week. reuters adds the money will go to construction of four facilities in the united states and that samsung will more than double the investment in the country to over $44 billion as part of the deal. >>> general motors cruise unit is resuming the testing of the robotaxis. the self-driving car divi
all after comments from treasury secretary janet yellen. she talked about the potential for the cars being on american roads. >> they are allowed to sell evs in the united states. we don't have rules against it. again, in that area as well, we are trying to foster a domestic industry. we are certainly open to imports, including those from china. there is no rule against china selling evs in the united states. >> again, chinese ev makers trading higher in hong kong. >>>...
0
0.0
Apr 29, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
i mean, compared to blinken and yellen, it's also a little bit different. secretary blinken is seen as one with much harsher tone, but i mean, as you probably noticed, secretary yellen is also a rock star here. people are really interested in everything that she does, like even the way she uses her chopsticks. >> that was fun to see thank you, eunice. eunice yoon in beijing for us. >>> as we head to break here's our road map for the rest of the hour chip stocks coming off big gains posting their first weekly gain in six setting up to be a big earnings group. >> there are potential news here about regional banks we have another bank failure what investors need to know. >> and sofi's chief anthony noto will join us first on cnbc to talk about what's ahead for the fin tech giant stock is lerow today big show still ahead as "squawk on the street" continues it's a pillow with a speaker in it! that's right craig. a team that's highly competent. i'm just here for the internets. at&t it's super-fast. reliable. you locked us out?! arrggghh! ahhhh! solution-oriented.
i mean, compared to blinken and yellen, it's also a little bit different. secretary blinken is seen as one with much harsher tone, but i mean, as you probably noticed, secretary yellen is also a rock star here. people are really interested in everything that she does, like even the way she uses her chopsticks. >> that was fun to see thank you, eunice. eunice yoon in beijing for us. >>> as we head to break here's our road map for the rest of the hour chip stocks coming off big...
0
0.0
Apr 9, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
yesterday, treasury secretary janet yellen wrapping up that big visit to china today. president biden is hosting the japanese prime minister at the white house. earlier this orning, we spoke with the u.s. ambassador to japan, rahm emanuel, and we talked about the issue of china. here's what he had to say. >> i would say be very clear, also to the chinese leaders. you want international capital. you want actual business leaders investing in growing your economy. you cannot cheat and steal the way you did for the last 10 and 20 years. can't happen! >> joining us right now is former s.e.c. chairman and cnbc contributor, jake clayton. you've testified in front of the select committee before on these issues. can you be a frenemy in this environment? is that too far? >> well, we are. right? we are frenemies right now. andjanet yellen is just returning from -- >> she's saying to them, we need to be your friend. and we have a whole bunch of other people saying, actually, these folks are our enemies. >> and i want to be fair, i think they're both right. what rahm emanuel is say
yesterday, treasury secretary janet yellen wrapping up that big visit to china today. president biden is hosting the japanese prime minister at the white house. earlier this orning, we spoke with the u.s. ambassador to japan, rahm emanuel, and we talked about the issue of china. here's what he had to say. >> i would say be very clear, also to the chinese leaders. you want international capital. you want actual business leaders investing in growing your economy. you cannot cheat and steal...
0
0.0
Apr 18, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
trade measures, frank, touch upon another issue that secretary janet yellen said during her trip here is excess capacity the chinese don't look as they are changing their methods at this point relying so much more on manufacturing as opposed to consumption for now. >> eunice, obviously chinese leaders repuare upset about the tariffs. longer term, is there an issue that china may retaliate >> reporter: it is also up in the air. the chinese have said they are going to defend their rights a little bit uncertain on what that means we have to wait and see whether or not the chinese would retaliation. it puts the chinese in a difficult position because if they retaliate, they will be undermining a big effort made here which is to get more foreign investors into the country. >> you know, the german chancellor there talking about the fair competition eunice yoon, thank you >>> coming up, getting ready for netflix results. we layout the metrics to watch f d why one investor is holding ofon adding to his position. we are coming right back on "worldwide exchange" after this break. (grandpa vo) i
trade measures, frank, touch upon another issue that secretary janet yellen said during her trip here is excess capacity the chinese don't look as they are changing their methods at this point relying so much more on manufacturing as opposed to consumption for now. >> eunice, obviously chinese leaders repuare upset about the tariffs. longer term, is there an issue that china may retaliate >> reporter: it is also up in the air. the chinese have said they are going to defend their...
0
0.0
Apr 15, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
i think everybody -- why did janet yellen go? everybody likes the status quo now compared to a decoupling. do we have to get somewhere in the future where we're not as susceptible -- >> doesn't it appear that we're moving -- >> that's why we're building the plant in texas. >> i was going to say, meanwhile, the kmiechinese are saying, we're not going to be using intel chips, for example, in our networks in the future. what does that say about where this all heads? >> we always look at it from our side, if we're going to decouple from them, they're going to decouple from us over time. >> that will leave us, ultimately, with less leverage, not more. >> well, but we may have less leverage, but they'll have less leverage over us, which is -- if you ask people, you know, what did we learn from the pandemic? there was a tremendous amount of economic leverage going both ways. we definitely learned that. companies -- you know, i've called for large multinational companies, not in some kind of mandatory, you know, check the box way, but to
i think everybody -- why did janet yellen go? everybody likes the status quo now compared to a decoupling. do we have to get somewhere in the future where we're not as susceptible -- >> doesn't it appear that we're moving -- >> that's why we're building the plant in texas. >> i was going to say, meanwhile, the kmiechinese are saying, we're not going to be using intel chips, for example, in our networks in the future. what does that say about where this all heads? >> we...
0
0.0
Apr 25, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
this is highlighting an issue flagged by the treasury secretary janet yellen who came here earlier this month when she criticized china for overcapacity in several industries, including the car industry at the auto show alone, there are 278 evs and hybrids. global data told me there are 139 ev brands in china alone and automobile mobility creates excess capacity is as much as 25 million units. >> wow that's a lot of capacity that is what people are talking about. i want to ask that you are on the ground there, eunice, what is getting the most buzz and what do you hear about the apple rival? >> reporter: the answer is fone in the same. the xiaomi is $27,000 and like apple, the idea behind it is to get the xiaomi smartphone users into the evs and have this seamless technology experience the company's founder said so far they have 76,000 orders for the 100,000 target for the year. he kind of was trolling apple a bit saying 52% of the buyers so far are iphone users suggesting that people might want to make a switch. >> eunice, i notice they really like smooth jazz at the beijing auto show.
this is highlighting an issue flagged by the treasury secretary janet yellen who came here earlier this month when she criticized china for overcapacity in several industries, including the car industry at the auto show alone, there are 278 evs and hybrids. global data told me there are 139 ev brands in china alone and automobile mobility creates excess capacity is as much as 25 million units. >> wow that's a lot of capacity that is what people are talking about. i want to ask that you...
0
0.0
Apr 1, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
disney is set to hold the shareholder meeting on wednesday and janet yellen is traveling to china to meet with leaders there. >>> and take a look at futures right now as we have mentioned all morning long. they are in the green. nasdaq in the glereen, but off e highs from earlier. let's bring in jay hatfield now. great to you have here in the studio. >> thanks, frank. >> you raised the price target of 5,750. 5,500 is the highest. you are higher than them. what is going on? >> we think the target is wrong, but too low. >> too low? >> yes. the reason for it is what most people don't appreciate, but it is the year of global rate cuts. you see that in the futures market. the average country with 100 basis points of cuts built into that. to lower rates, central banks have to inject liquidity. that's what drives stocks and bonds. >> you gave us the word of the day. the word of the day is liquidity. the argument is this year will see $2 trillion of global liquidity in the global money supply. what impact does that have on the markets? is that a catalyst for raising the target? >> yes. we go
disney is set to hold the shareholder meeting on wednesday and janet yellen is traveling to china to meet with leaders there. >>> and take a look at futures right now as we have mentioned all morning long. they are in the green. nasdaq in the glereen, but off e highs from earlier. let's bring in jay hatfield now. great to you have here in the studio. >> thanks, frank. >> you raised the price target of 5,750. 5,500 is the highest. you are higher than them. what is going on?...
0
0.0
Apr 17, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
represents a step forward in lawmakers making a regulatory progression on stablecoin and this come as janet yellen and jerome powell have called to stabilize the stablecoin. frank, at this point, the lawmakers feel they have a very solid product going forward. >> all right. so, emily, a few questions here. investors involved with crypto and etfs. what are the odds of this passing and why the focus on stablecoins and the al go rhythmic passage of stablecoins? >> obviously there are so many competing priorities, i thinks to get done. but you did hear banking chairman brown saying he would be open to having a stablecoin bill passed through the banking committee and taking it up. at least there's a show of interest in that. we know that this is something particularly in the house where there's also been some interest in trying to get that bill done. even if they don't wind up crossing the finish line, you can always reintroduce them next congress, continue to educate it, and as we're seeing the market heat up, that's something lawmakers could consider doing. lawmakers, when it comes to the wide world
represents a step forward in lawmakers making a regulatory progression on stablecoin and this come as janet yellen and jerome powell have called to stabilize the stablecoin. frank, at this point, the lawmakers feel they have a very solid product going forward. >> all right. so, emily, a few questions here. investors involved with crypto and etfs. what are the odds of this passing and why the focus on stablecoins and the al go rhythmic passage of stablecoins? >> obviously there are...
0
0.0
Apr 3, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
perhaps that will be part of the discussion janet yellen has with her counterparts in china. >> and sara will be there as well. i don't know if she's going to be in the negotiations. it's possible. >> translating. >> sara may be leading negotiations. but the question, of course, as they continue to overproduce for domestic consumption in china. therefore, surplus of all sorts of goods. >> they're back to what they did in every industry. and their quality is good. >> at the same time, if you could offer people a decent quality ev in the united states that costs $12,000 -- >> i could not get disney to buy land in new mexico, but the chinese are buying land in mexico like you wouldn't believe. new president in mexico, by the way. a scientist. going to be interesting. >> there's going to be an election. >> she's up by 17 points. >> the mayor of mexico city, who is one of the candidates, yes. >> yes, but she's a scientist. it'll be interesting to see what she does. >> we're on the lookout for more auto sales numbers from ford today. we'll get that to you as soon as we can. in the meantime, cr
perhaps that will be part of the discussion janet yellen has with her counterparts in china. >> and sara will be there as well. i don't know if she's going to be in the negotiations. it's possible. >> translating. >> sara may be leading negotiations. but the question, of course, as they continue to overproduce for domestic consumption in china. therefore, surplus of all sorts of goods. >> they're back to what they did in every industry. and their quality is good....
0
0.0
Apr 16, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
speaking of that trip, treasury secretary janet yellen is on the wires making some headlines speaking at the imf world bank meetings and taking some questions from reporters. she's mostly talking about geopolitics. one interesting head line because it relates to, obviously, the fluid situation in the middle east. she said, all options are on the table to disrupt iran's terrorist financing and also she fully expects there will be further sanctions against iran in coming days. one more, she says we've been working to diminish iran's ability to export oil. there may be more that we can do. let's get more on this and the market right now. joining us is jpmorgan asset chief global strategist david kelly. oil prices weaker again, but i wonder if they're out of the woods, especially if the treasury secretary is talking about more restrictions to iranian oil and how they've been able to sell it to places like china and bring in a lot of cash. >> well, there is always a potential for a supply shock, and i think, obviously, the heightened tensions between the united states and iran and israel i
speaking of that trip, treasury secretary janet yellen is on the wires making some headlines speaking at the imf world bank meetings and taking some questions from reporters. she's mostly talking about geopolitics. one interesting head line because it relates to, obviously, the fluid situation in the middle east. she said, all options are on the table to disrupt iran's terrorist financing and also she fully expects there will be further sanctions against iran in coming days. one more, she says...
0
0.0
Apr 9, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
janet yellen in china. that is a big manufacturing hub. some people are calling it decoupling. the demands with china and the u.s. how do you see that impacting the global economy going forward? >> we think of it as a regionalzition. our countries are more likely to trade with their allies or do more at home. that is trying to inflation in the long term. we see 3% inflation to 2.5% inflation is the range going forward. 2% inflation is more of a floor than a ceiling. the idea of not having the same level of traders and not having the same kind of ability to import goods cheaply from china as we did historically. >> many said inflation has shifted upwards. thank you so much for joining us. skylar manaontgomery koning. >>> let's talk with cryptocurrency. ei ethereum has been up this week and this is expected to have the next etf green lit. it is slightly down right now, but look at that, frank, over the last two months. >> that is a chart you have to look at here. one thing that is a tailwind for ethereum is the halving of bitcoin in the coming days. a lot of money coming into the
janet yellen in china. that is a big manufacturing hub. some people are calling it decoupling. the demands with china and the u.s. how do you see that impacting the global economy going forward? >> we think of it as a regionalzition. our countries are more likely to trade with their allies or do more at home. that is trying to inflation in the long term. we see 3% inflation to 2.5% inflation is the range going forward. 2% inflation is more of a floor than a ceiling. the idea of not having...
0
0.0
Apr 16, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
janet yellen was there, but tough talk from her about overcapacity and now olof scholz is there saying things like competition must be fair. what does that mean when we talk about china as well as germany and the u.s. emphasizing they had it up to here when it comes to dumping and overcapacity and they plan to level the playing field? >> i think overcapacity is going to become the most popular topic in terms of global trade this year. it is important to note that the chinese government and u.s. government already view policymakers on the overcapacity and that suggests it rehe marem. if you are thinking of things from the china perspective, the capacity utilization rate among the different sectors not that low from the china standards. for example, ev production. that is about 70%. it is actually high by the chinese standards. the government subsidies to the industries in the u.s. and whether those are aiming at boosting china's export and increasing the chinese market share in the global trade while squeezing out the space for other trading expporters is a concern from the u.s. perspec
janet yellen was there, but tough talk from her about overcapacity and now olof scholz is there saying things like competition must be fair. what does that mean when we talk about china as well as germany and the u.s. emphasizing they had it up to here when it comes to dumping and overcapacity and they plan to level the playing field? >> i think overcapacity is going to become the most popular topic in terms of global trade this year. it is important to note that the chinese government...
0
0.0
Apr 3, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
janet yellen preparing to meet with top leaders in china. kyle bass joining us on what they need to hear. >>> levi's shares are soaring. you will hear exclusively from
janet yellen preparing to meet with top leaders in china. kyle bass joining us on what they need to hear. >>> levi's shares are soaring. you will hear exclusively from
0
0.0
Apr 17, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
>> only because i like janet yellen, the two-year treasury and the 5%-year-old. >> the fact that you like anybody is breaking news. but thank you very much for that. >> don't count on it coming your way. >> fine, that would be fine. jason snipe? >> i like axp, 12 million new members last year. i like this one. >> interactive brokers, stay long. >> i look forward to "closing bell." "the exchange" begins right now. >> scott, thank you very much. welcome to "the exchange." i'm tyler mathisen in today for kelly evans. here's what we got for you this hour. has the fed's base case shifted from later cuts to no cuts at all this year? our market guest says it doesn't really matter for stocks. he sees them going higher, regardless. he tells us why, and the one scenario that could change all that. >>> plus, credit card debt. record high at the same time, using buy now, pay later to fund purchases remains very popular. we'll have
>> only because i like janet yellen, the two-year treasury and the 5%-year-old. >> the fact that you like anybody is breaking news. but thank you very much for that. >> don't count on it coming your way. >> fine, that would be fine. jason snipe? >> i like axp, 12 million new members last year. i like this one. >> interactive brokers, stay long. >> i look forward to "closing bell." "the exchange" begins right now. >> scott,...
0
0.0
Apr 5, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
. >>> by the way, do not miss the interview with treasury secretary janet yellen. that's live in beijing on monday. >>> coming up, finding value in vice city. the world's richest person buying another mansion in miami. but there's a long list of millionaires scooping up real estate. we have a look at the ultimate luxury market ahead. but here's a look at our mystery chart of the day. our next guest says a retailer could rally 30% from here, despite the uncertainty. we'll tell you why it stands out. that's next. "the exchange" is back after this. the future is not just going to happen. you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future where you grew a dream into a reality. the all new godaddy airo. put your business online in minutes with the power of ai. ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and br
. >>> by the way, do not miss the interview with treasury secretary janet yellen. that's live in beijing on monday. >>> coming up, finding value in vice city. the world's richest person buying another mansion in miami. but there's a long list of millionaires scooping up real estate. we have a look at the ultimate luxury market ahead. but here's a look at our mystery chart of the day. our next guest says a retailer could rally 30% from here, despite the uncertainty. we'll tell...
0
0.0
Apr 16, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
now, we did hear from treasury secretary janet yellen who commented on the conflict and had words about additional sanctions against iran. i, quote, fully expect we will take additional sanctions in the coming days and she said that all options are on the table. this does beg the question of what exactly are these options given that iran is already heavily sanctioned by the u.s. just the fact that we have been turning a blind eye. they increased their oil exports a lot and a lot is going over to china now. so as clay segel told me, the most effective way to get china to stop buying iranian oil is to enforce the sanctions that are already on the books. but there is not a lot of appetite for that right now given with oil at 90, gas prices are. nobody really wants to have, 2% of oil come off the market. >> and also the standoff in terms of culture wars that -- and economic battles that we're already having with china that this is one way that would increase that. pippa, thank you. let's get to seema mody for a cnbc news update. >> we'll start in washington where president biden is returnin
now, we did hear from treasury secretary janet yellen who commented on the conflict and had words about additional sanctions against iran. i, quote, fully expect we will take additional sanctions in the coming days and she said that all options are on the table. this does beg the question of what exactly are these options given that iran is already heavily sanctioned by the u.s. just the fact that we have been turning a blind eye. they increased their oil exports a lot and a lot is going over...
0
0.0
Apr 10, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
a lot of news this week with secretary yellen in china. she said that these chinese companies can sell their evs here in the u.s. have you heard more from chinese companies looking to near shore closer to the u.s. market? >> predominantly our customers are north american customers. we service more than 30,000 companies across north america. we haven't heard a lot of chinese manufacturing moving over to the u.s., but what we have heard more of is existing customers that are u.s.-based companies. >> all right. mario, shares up 300% over the last year. congratulations to you. deidre, back to you. >> thank you, frank. >>> coming up, chipmakers are among some of the biggest drags on the nasdaq 100 today, but nvidia is bucking the trend. business continues to strengthen. one trader says shares are defying gravity. he will tell us if there is more room to run. and stocks are heading back toward session lows. the dow is down about 550 points. the russell 2-k is getting it the hardest. and the nasdaq is a little more resilient, but just barely. the
a lot of news this week with secretary yellen in china. she said that these chinese companies can sell their evs here in the u.s. have you heard more from chinese companies looking to near shore closer to the u.s. market? >> predominantly our customers are north american customers. we service more than 30,000 companies across north america. we haven't heard a lot of chinese manufacturing moving over to the u.s., but what we have heard more of is existing customers that are u.s.-based...
0
0.0
Apr 30, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
the chairman of the house weighs and means committee wants to ask treasury secretary janet yellen about that tweet when she testifies this morning. joining us is the weays means chairman. congressman, chairman, let's talk this through a little bit. let's play this out, maybe the best we can without getting too involved in re-elections and elections and what's going to happen in this next outcome. how does this all play out for the american people. >> well, at the end of 2025, every american will see a tax increase, because more than $4 trillion worth of taxes will sunset december 31st, 2025. that includes the doubling of the child tax credit, which was $2,000, will be slashed into half to $1,000. the larger standard deduction, which the majority of americans use when they file their taxes will be more than cut in half. and the small business rate will approach over 40%, after this sunsets. it's quite disturbing that you have the president doubling down once again, that he will allow to trump tax cuts to expire. >> what we've been hearing from people we've been talking to about this, tha
the chairman of the house weighs and means committee wants to ask treasury secretary janet yellen about that tweet when she testifies this morning. joining us is the weays means chairman. congressman, chairman, let's talk this through a little bit. let's play this out, maybe the best we can without getting too involved in re-elections and elections and what's going to happen in this next outcome. how does this all play out for the american people. >> well, at the end of 2025, every...
0
0.0
Apr 9, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
. >> secretary yellen, having a beer made with american hops. >> i can't relate those two, molson -- >> if you believe the bull case is being underestimated in terms of what it will be able to eventually do, in terms of a product, in terms of fueling a huge cycle and upswing in terms of iphone sales, there there still could be between now and then bad news in terms of an earnings report. >> i agree with that. apple is still very much on its own. they weren't there at the gtc, nvidia. everybody was there. tesla lights nvidia's chips very much. we know that from musk. c carl, every time you underestimate apple, you've got to send me an invitation to your funeral. i don't care what dateit is. i don't care what it is. you go against apple -- take a look at since $5.00. they'll come out and what will happen is they'll say china was weak. oh, wow, we knew that. let's buy the stock. by the way, alphabet was the one that we trashed mercilessly. look at alphabet. every time you trash a mega cap, david, you're left in a dust. >> it almost doesn't pay to get negative. again, we were having thos
. >> secretary yellen, having a beer made with american hops. >> i can't relate those two, molson -- >> if you believe the bull case is being underestimated in terms of what it will be able to eventually do, in terms of a product, in terms of fueling a huge cycle and upswing in terms of iphone sales, there there still could be between now and then bad news in terms of an earnings report. >> i agree with that. apple is still very much on its own. they weren't there at the...
0
0.0
Apr 11, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
similar to what treasury secretary yellen said. >> yep. 1% growth in china translates into 0.3% in the rest of asia. but that growth has to be more demand driven, more consumption driven, and this is where we are engaging with china, recommending the direction to travel is this. >> i also wanted to ask you about your work on ai. i think it's interesting you're starting to do studies on the impact ai is going have on jobs, which is something i think the economics community has been h hungry for. a study showed ai could affect 40% of jobs around the world, 60% in advanced economies. are you thinking about improving jobs, losing jobs, and how should governments be preparing for this? >> so what we would see is some jobs are going to be enhanced, more productive, some jobs will be redefined and some jobs will be gone. what governments need to do is to really focus on this world of artificial intelligence that is already on their footsteps. what we are recommending to our critics, one, make sure that you are -- your economy is ready by having digital infrastructure in place and accessible t
similar to what treasury secretary yellen said. >> yep. 1% growth in china translates into 0.3% in the rest of asia. but that growth has to be more demand driven, more consumption driven, and this is where we are engaging with china, recommending the direction to travel is this. >> i also wanted to ask you about your work on ai. i think it's interesting you're starting to do studies on the impact ai is going have on jobs, which is something i think the economics community has been h...
0
0.0
Apr 22, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
when secretary janet yellen was in china a few weeks when i went with her they brought that up and their concern is that the u.s. is using issues of national security to try to squash successful chinese companies in the u.s. ultimately won't any sale, even if the bill does pass and president biden signs it, be shut down by china? >> i mean, we definitely have to see what courts do here. tiktok has been successful in a number of its lawsuits against other state rules, i'm thinking of the one in montana that tried to have a tiktok ban that got struck down. you have lawmakers pointing out here that it's not like -- tiktok is different from some of the other apps just because number one, of the tie to byte dance and they say we're not against tiktok, we're fine having tiktok in the u.s., it needs the break between tiktok and the parent company. that's been the thing that lawmakers have been emphasizing here. >> i guess i was referring to the sale more, that they would stand in the way of a potential sale to usa group of investors, say to bobby kotick. >> it seems unlikely based on what we've
when secretary janet yellen was in china a few weeks when i went with her they brought that up and their concern is that the u.s. is using issues of national security to try to squash successful chinese companies in the u.s. ultimately won't any sale, even if the bill does pass and president biden signs it, be shut down by china? >> i mean, we definitely have to see what courts do here. tiktok has been successful in a number of its lawsuits against other state rules, i'm thinking of the...
0
0.0
Apr 1, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
janet yellen, the treasury secretary is traveling to china this week and actually ian bremer of eurasia group mentioned it's the geopolitical silver lining for 2024. u.s.-china relations are more stable and better managed, not more trusted, than they've been in years. >> do we know what her agenda entails? >> she previewed it with a speech in georgia last week where she was talking about essentially dumping of solar panel and evs, so worries from the u.s. administration about what china did with steel, over produced and over capacity and flood the market, and without a lot of demand. this is what china does. >> there's a worry around the world and many other markets as well, evs being one in particular, lack of domestic demand in part, over production to your point, and, therefore, just cutting prices. >> they it supply stimulus they don't do demand stimulus. that specifically on environmental -- on the environmental angle with flooding the market is a point that the administration wants to focus on, with evs and solar panels in particular, and the question is, how is it going to be rec
janet yellen, the treasury secretary is traveling to china this week and actually ian bremer of eurasia group mentioned it's the geopolitical silver lining for 2024. u.s.-china relations are more stable and better managed, not more trusted, than they've been in years. >> do we know what her agenda entails? >> she previewed it with a speech in georgia last week where she was talking about essentially dumping of solar panel and evs, so worries from the u.s. administration about what...
0
0.0
Apr 12, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
whether they can find different places to export that's going to be a big question, but i think secretary yellen said some very appropriate issues related to if, you know, china is not going to be able to export its problem. it's going to have to advance its own economy, and let's see how that plays out. >> larry, thank you for being here. >> thank you. >> stopping by. appreciate it as always. >> good to be here. >> the chairman and ceo of blackrock. >> speaking of china, a topic for our next conversation, nike ceo john don know who in the next hour. before we head to break the bond report and show you what treasuries are doing. a bid for bonds which is a reverse of what we've seen for the past week, past few weeks. 10-year note yield remains above 4.5%. elevated even though they're getting bought with lower yields today. we'll be right back. when you need to prepare for unpredictable adventures... (gasp) you need weathertech. [hot dog splat.] laser measured floorliners front and rear. [drink slurp and splat.] (scream) seat protector to save the seats. [honk!] they're all yours! we're here! hey,
whether they can find different places to export that's going to be a big question, but i think secretary yellen said some very appropriate issues related to if, you know, china is not going to be able to export its problem. it's going to have to advance its own economy, and let's see how that plays out. >> larry, thank you for being here. >> thank you. >> stopping by. appreciate it as always. >> good to be here. >> the chairman and ceo of blackrock. >>...
0
0.0
Apr 4, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
. >>> quick note as we go to break, the treasury secretary janet yellen arriving in guanjo. sara eisen will sit down with her in beijing. coverage will begin here at 5:00 a.m. eastern time. dow is up 140. don't go anywhere. her in beijing. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. >>> we're a week away from our franchise cities of success looking at strong examples of urban economic renewal in this country highlighting the powerhouses in business and culture. our latest episode is about denver and boulder, colorado. take a listen. in the foothills of the rockies two cities rise above the rest. an economic boom so powerful, denver and boulder are transformed. >> this whole area was abandoned and it's ground zero now for the economic growth. >> reporter: denver full of skyscrapers and new development. >> denver is going through the next great urban renewal. >> reporter: boulder's gdp has grown by
. >>> quick note as we go to break, the treasury secretary janet yellen arriving in guanjo. sara eisen will sit down with her in beijing. coverage will begin here at 5:00 a.m. eastern time. dow is up 140. don't go anywhere. her in beijing. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. >>> we're a...
0
0.0
Apr 17, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
when janet yellen was draining the treasury general account in early 2021, that offset the big increase in supply related to the american recovery plan last year when she announced she had an additional sale, that kicked off the higher rates. they moved to increased bill issuance which is ending right now. the reason they had to slow all the bills that they were selling is because it was draining the rp program and causing the fed to slow qt. so, the way this whole thing is interacting, but my point is there was always going to be far more coupons for sale in the second quarter than bills, they were going to reduce bills, and that was going to need to be absorbed in order to absorb it you need the banking system. and the banking system can only buy, you know, five-year treasuries at 4.5% or 4.6%, if they believe that the curve is going to disinvert, the fed will cut to 4. this is always the sort of make or break moment and the data just didn't cooperate. so, yeah, i see that risk as really elevated. next week we could very well have what i would call a belly ache and what i mean by that
when janet yellen was draining the treasury general account in early 2021, that offset the big increase in supply related to the american recovery plan last year when she announced she had an additional sale, that kicked off the higher rates. they moved to increased bill issuance which is ending right now. the reason they had to slow all the bills that they were selling is because it was draining the rp program and causing the fed to slow qt. so, the way this whole thing is interacting, but my...
0
0.0
Apr 26, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
wirth was meeting with treasury secretary janet yellen and janet gran granholm. demand is strong the market is balanced if there is any disruption in the middle east or europe, the risk is to the upside. that's what the administration is concerned about as for the other big question, happens with the hess acquisition. they expect approval from the ftc to come within a few weeks there is arbitration with exxonmobil that concerns hess' 30% stake in the guyana project. exxon filed for arbitration to resolve if it could preempt the asset and offer a competing bid. guyana is the reason recchevrona willing to pay for hess. wirth says we think that sounds reasonable exxonmobil ceo darren woods is joining us this morning. we will ask him about the guyana oil property that stock down .40% >>> when we come back, a new report says former president trump's allies are working on a proposal to challenge the fed independence if trump wins a second term. we havehave details after this. >>> on may 4th, warren buffett will answer questions at the annuaan annual meeting if you have
wirth was meeting with treasury secretary janet yellen and janet gran granholm. demand is strong the market is balanced if there is any disruption in the middle east or europe, the risk is to the upside. that's what the administration is concerned about as for the other big question, happens with the hess acquisition. they expect approval from the ftc to come within a few weeks there is arbitration with exxonmobil that concerns hess' 30% stake in the guyana project. exxon filed for arbitration...
0
0.0
Apr 10, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
we heard from your boss, secretary yellen, about her worries about crypto currencies for quite some time. what are the regulations you think need to be put in place to prevent the illicit use of crypto currency? >> thanks for having me. it's great to be with you. part of what we do is update the regulatory authorities they've given us over the last 30 years. when they design things, we didn't have digital currency or assets. we need to make sure they are captured and the other legislation that we use to regulate. and after go after bad actors. they need a tool to go after the bad actors to claim direction back. a great example that will matter to the viewers, if you're a ceo of a company or investing in a company, one of the things you're most worried about, they're doing them in crypto currency. what the data is showing, it's almost doubled the amount of money they received using crypto currency from 2022 to 2023. that's one of the reasons we need the new tools. >> i wonder what the shift in terms of the s.e.c. is approached to things like bitcoin, how that's changed your view, or if it
we heard from your boss, secretary yellen, about her worries about crypto currencies for quite some time. what are the regulations you think need to be put in place to prevent the illicit use of crypto currency? >> thanks for having me. it's great to be with you. part of what we do is update the regulatory authorities they've given us over the last 30 years. when they design things, we didn't have digital currency or assets. we need to make sure they are captured and the other legislation...
0
0.0
Apr 11, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
. >> we are just coming off this week where treasury secretary janet yellen was in china and articulated familiar critiques of the chinese approach. more or less saying domestic demand is something you should encourage owes pas opposed to ex-pexport led. >> the communist party is interested in reengineering the economy and transitioning the economy to be consumer led. that is not impacting the industrial policy which is what the secretary was concerned about. one of the key things we saw last year is markets were panicking about the china manufacturing collapse. they were pumping other products and cutting prices. that is being dumped abroad. manufacturing strength will continue. they he want to focus on evs an provide policy support. i don't think what the secretary said will impact the communist party industrial policy in the coming years. >> you mentioned the ev situation that china is building up with capacity and driving prices down seems to be a flash point here. where do you see it headed in terms of the overall market in chinese ambitions? >> i think our view is we're headed towa
. >> we are just coming off this week where treasury secretary janet yellen was in china and articulated familiar critiques of the chinese approach. more or less saying domestic demand is something you should encourage owes pas opposed to ex-pexport led. >> the communist party is interested in reengineering the economy and transitioning the economy to be consumer led. that is not impacting the industrial policy which is what the secretary was concerned about. one of the key things...
0
0.0
Apr 4, 2024
04/24
by
CNBC
tv
eye 0
favorite 0
quote 0
treasury secretary janet yellen going to china. second trip since the summer. bring you developments from her trip over the next several days. news just out from coinbase. cnbc secured dealer licensing in canada pushing expansion of br meets script security rules for crypto and can operate legally in the country. look at shares right now up perhaps on the back of a little bit of that news up 2.5%. >>> guys, when we come back breaking jobless claims datand r exclusive interview with barry diller. "squawk box" will be right back. and stay on top of the market. e*trade from morgan stanley. wealth-changing question -- are you keeping as much of your investment gains as possible? high taxes can erode returns quickly, so you need a tax-optimized portfolio. at creative planning, our money managers and specialists work together to make sure your portfolio and wealth are managed in a tax-efficient manner. it's what you keep that really matters. why not give your wealth a second look? book your free meeting today at creativeplanning.com. creative planning -- a richer way
treasury secretary janet yellen going to china. second trip since the summer. bring you developments from her trip over the next several days. news just out from coinbase. cnbc secured dealer licensing in canada pushing expansion of br meets script security rules for crypto and can operate legally in the country. look at shares right now up perhaps on the back of a little bit of that news up 2.5%. >>> guys, when we come back breaking jobless claims datand r exclusive interview with...