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Apr 22, 2024
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meta, you've got meta, alphabet, microsoft all on deck. for that let's go to steve kovach with a look at what to expect. steve? >> reporter: hey there, tyler. it will start this week with meta on wednesday, and then we get microsoft earnings and alphabet on thursday. amazon and apple are coming next week. take a look at each one of these names through the lens of ai. not big business yet for any of these names, but some are progressing more than others. let's call this your ai gut check. let's start with meta partnering with google last week to power a new version of its meta ai chatbot. the most important thing here for meta is engagement, proving this keeps people using meta apps like whatsapp and instagram and facebook. it debuted to millions of users last week starting with a huge user base to start with there. one thing to listen here is any hints at co-pilot sales. that's the digital ai assistant they're selling, and a taste of ai revenue growth from the azure cloud unit. over to alphabet, reorganizing their product teams ahead of ai
meta, you've got meta, alphabet, microsoft all on deck. for that let's go to steve kovach with a look at what to expect. steve? >> reporter: hey there, tyler. it will start this week with meta on wednesday, and then we get microsoft earnings and alphabet on thursday. amazon and apple are coming next week. take a look at each one of these names through the lens of ai. not big business yet for any of these names, but some are progressing more than others. let's call this your ai gut check....
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Apr 22, 2024
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meta, microsoft, alphabet, tesla, all set to report this week. but after the stock's recent selloff, will the results give them a boost or more cause for concern? we're going to talk it out. >>> plus, a bit ccoin bounce. prices are back on the rise, so, can gains keep coming? and what's next for the crypto space? our bitcoin baller b.k. is here to break it down. >>> and the ftc moving to block tapestry's acquisition of michael kors parent capri. why the move? and what does it mean for the two companies' futures? on the desk tonight, we have carter worth, courtney garcia, dan nathan, and guy adami. >>> we're going to start with the sigh of relief for stocks. the s&p 500 surging nearly 1% to snap a six-day losing streak. the dow gaining 250 points, the nasdaq leading the charge up 1.1%. markets did close off their highs of the session, though. and are still well below their recent records. the s&p down about 4% in the past month and the nasdaq down nearly 6% in that same period of time. all 11 s&p 500 sectors were in the green today, with tech the
meta, microsoft, alphabet, tesla, all set to report this week. but after the stock's recent selloff, will the results give them a boost or more cause for concern? we're going to talk it out. >>> plus, a bit ccoin bounce. prices are back on the rise, so, can gains keep coming? and what's next for the crypto space? our bitcoin baller b.k. is here to break it down. >>> and the ftc moving to block tapestry's acquisition of michael kors parent capri. why the move? and what does it...
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Apr 23, 2024
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basis. >> i see why microsoft does it. no one is going to say you can't make the acquisition. >> i think they will not say you can't do what you are doing because this is that. this is effect tively that. >> this is stealth. >> we see it. >>> in the meantime, gm reporting the results. i want to bring phil lebeau in with the numbers. phil. >> reporter: andrew, a beat on the top and bottom line by gm. we will talk about the guidance in a bit. the numbers. company reporting $2.62 per share profit. the street expecting 2$2.15. the highest estimate on the street was $2.53. gm earning $2.62. revenue coming in at $43 billion. the numbers within the numbers in the first quarter q1 margin of 9% against 9.5% last year. in north america, gm made $3.84 billion compared to $3.57 billion in the first quarter of last year. china has a loss given what we see with the auto market there. $1063 million in the first quarter. gm financial $737 million profit against $771 million in the first quarter last year. now for the raised guidance. sign
basis. >> i see why microsoft does it. no one is going to say you can't make the acquisition. >> i think they will not say you can't do what you are doing because this is that. this is effect tively that. >> this is stealth. >> we see it. >>> in the meantime, gm reporting the results. i want to bring phil lebeau in with the numbers. phil. >> reporter: andrew, a beat on the top and bottom line by gm. we will talk about the guidance in a bit. the numbers....
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Apr 22, 2024
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meta, alphabet and microsoft. the stakes could not be higher after ugly days which fall the sector falling 7%. the worst week since march of 202. a 2020. 29 of the nasdaq 100 are 20% from their 52-week high. look at some of the biggest pullbacks in the space. amd is off 35% from the high. intel off 33%. palo alto off 27%. adobe is also off 27% with nvidia off 22% in bear market territory. joining me now is james cakmak. >> good morning, frank. >> i want to talk about earnings season coming up. we are hitting on stocks well off the highs. how important is earnings season not only for the market, but for tech? fact set came out with a report with five of the magnificent seven stocks are supposed to be 60% higher. if you look at the s&p, earnings decline at 7%. lay it out for us. >> i think what we saw over the last week with a couple of bellwethers reporting. taiwan semi and netflix reported. i think we saw estimates which got ahead of themselves. not so much estimates, but ex-pee expec expectations. the estimates c
meta, alphabet and microsoft. the stakes could not be higher after ugly days which fall the sector falling 7%. the worst week since march of 202. a 2020. 29 of the nasdaq 100 are 20% from their 52-week high. look at some of the biggest pullbacks in the space. amd is off 35% from the high. intel off 33%. palo alto off 27%. adobe is also off 27% with nvidia off 22% in bear market territory. joining me now is james cakmak. >> good morning, frank. >> i want to talk about earnings season...
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Apr 19, 2024
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eu regulators pushing back on the report they concluded the microsoft investment into openai is not an acquisition. officials tell cnbc the probe is still ongoing and may review the oversight. joining me now is margrethe vestager good morning it is great to have you here i hope i said your name right. >> good morning. it's great to see you. thank you very much for the effort in having such an unpronounceable name thank you very much. >> a great name. i want to get down to business this is the first time we had the opportunity to speak with you since the u.s. doepartment f justice brought the case against apple. we heard them talk about the app store and the color of messaging bubbles. what did you make of that? >> i think it is a very important case i think it is very important that anti-trust authorities do their job in order to have fair competition in everything dig digital. in the u.s. as well as europe, we have sparkling innovation in the ecosystems it is important that they can get to their customers by a second app store or side loading so they are enabled because real competiti
eu regulators pushing back on the report they concluded the microsoft investment into openai is not an acquisition. officials tell cnbc the probe is still ongoing and may review the oversight. joining me now is margrethe vestager good morning it is great to have you here i hope i said your name right. >> good morning. it's great to see you. thank you very much for the effort in having such an unpronounceable name thank you very much. >> a great name. i want to get down to business...
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Apr 22, 2024
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microsoft and alphabet report on thursday. this is after the worst weekly performance last year with the tech stocks weighing heavily on the year. tesla is cutting prices after it is battling higher inventory after increased competition. let's look at tesla prices right now. stock, i should say. down 2.5%. the stock has been heavily under pressure due to price wars with ev makers in china. also looking at chinese ev makers on the back of the reduction in prices by tesla. they are under pressure as well. interesting to see. li auto down 8%. followed by gw motor. leap motor down 5.5%. we are getting news that tesla's ceo elon musk, is postponing the visit to india. asked about the investment to the market. >> we have seen outstanding talent here. we have some of the chips designed and software and hardware in india for the global markets. the last few years, we have seen 5g in india and it has been amazing to see the opportunities that brings for indian consumers as well as for enterprises. we have seen india as a great r&d cent
microsoft and alphabet report on thursday. this is after the worst weekly performance last year with the tech stocks weighing heavily on the year. tesla is cutting prices after it is battling higher inventory after increased competition. let's look at tesla prices right now. stock, i should say. down 2.5%. the stock has been heavily under pressure due to price wars with ev makers in china. also looking at chinese ev makers on the back of the reduction in prices by tesla. they are under pressure...
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Apr 22, 2024
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activity just like microsoft. with apple, really not much of the a.i. story right now, but expecting that to come at the developers conference in june. more of the concern right now is the declining sales for apple, especially in china. shares are the only one in the group down 14% on the year. guys. a lot going on. >> what will happen with tesla this week? >> oh, man. >> do you have a view? >> for what? >> tesla. tesla. everybody is freaking out. >> i think phil put it nicely. will they ditch this model 2 for the robotaxi initiative? i remember elon musk saying there will be a million robotaxis next year and that was five years ago. this august event is what people are looking at for tesla. >> keep the dream alive. >> this is what it will be like one day. >> steve, thank you. nice to see you. >>> coming up this morning, the house voting to authorize foreign aid for israel over the weekend. we will talk about the potential impact of the funds on the war right afr isteth. (music playing) switch to shopify and sell smarter at every stage of your business.
activity just like microsoft. with apple, really not much of the a.i. story right now, but expecting that to come at the developers conference in june. more of the concern right now is the declining sales for apple, especially in china. shares are the only one in the group down 14% on the year. guys. a lot going on. >> what will happen with tesla this week? >> oh, man. >> do you have a view? >> for what? >> tesla. tesla. everybody is freaking out. >> i think...
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Apr 19, 2024
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we mentioned tesla, apple, microsoft, nvidia down on the nth as well. we'll talk with wedbush's dan ivess in a moment. >>> welcome back to "squawk on the street." tough week for tesla as you know on pace to end the week down more than 10% if shares end the day lower. that will the stocks longer daily losing streak since january. we know that tuesday is going to be a big day you say the clock has struck midnight and the line that struck out to me, trading in the model 2 for robo would be a tragic gamble in your opinion. >> i think it would be a gamble that could maybe even define the future of tesla in the next three to five years. i think right now the big nervousness is model 2, that's a key part of the group, that's 50 to 60% of the incremental growth of the next two or three years robotaxis, autonomous, not another five or six years. we've seen over the last decade and been through white knuckle moments for musk and tesla, this is up there. a cinderella story in the near term has turned into a nightmare on elm street. it all starts next tuesday needs
we mentioned tesla, apple, microsoft, nvidia down on the nth as well. we'll talk with wedbush's dan ivess in a moment. >>> welcome back to "squawk on the street." tough week for tesla as you know on pace to end the week down more than 10% if shares end the day lower. that will the stocks longer daily losing streak since january. we know that tuesday is going to be a big day you say the clock has struck midnight and the line that struck out to me, trading in the model 2 for...
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Apr 24, 2024
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>> well, we do hold microsoft and alphabet we've been long-term beneficiaries in the growth of those companies. if one looks outside the magnificent 7, it doesn't have to be the stock that has earnings growth here if you have a look at it, maybe you're not seeing the same levels i think if you have a chance to look outside of those seven, there's some great opportunities and companies that are not getting the headline, haven't been dominating the market to buy into the more reasonable valuations and still get good earnings growth. >> you know, speaking of, you actually talked to us in your notes about unitedhealth care. i'm looking at the charts though month to date, it's down 1.5%. you say this is a valuation play just explain this to me with this kind of stock decline is there enough of a valuation discount in your mind to accept this kind of a stock decline from a company like this >> this is a great question, frank, and, actually, unite health group is a leading discount they're trading in almost a decade, about 7% cash-free yield. it's showing actually 17% compound earnings grow
>> well, we do hold microsoft and alphabet we've been long-term beneficiaries in the growth of those companies. if one looks outside the magnificent 7, it doesn't have to be the stock that has earnings growth here if you have a look at it, maybe you're not seeing the same levels i think if you have a chance to look outside of those seven, there's some great opportunities and companies that are not getting the headline, haven't been dominating the market to buy into the more reasonable...
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Apr 24, 2024
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government taking a look at the role of these partnerships between openai and microsoft anthropic, google has a relationship with amazon, what those things mean and whether they are work arounds to some degree, what may have been a merger of sorts, of course, the ceo in this case of anthropic saying they're completely independent, there is no board representation, which is different than the way openai is set up, for example, as it relates to amazon. coming up on the other side of this, rockefeller international's ruchir sharma bhe and talk about why an economic downturn could be coming sooner than expected. you don't want to miss this. come on back >>> our next guest has an op-ed in the financial times titled the overstimulated super power basically, positing that the economy is overheated and a slowdown could come faster than expected joining us now, ruchir sharma, breakout capital founder and cio, his new book "what went wrong with capitalism" comes out in june. good to see you, ruchir. and i guess you can tell us exactly what your point of view is here, but we're all aware of what hap
government taking a look at the role of these partnerships between openai and microsoft anthropic, google has a relationship with amazon, what those things mean and whether they are work arounds to some degree, what may have been a merger of sorts, of course, the ceo in this case of anthropic saying they're completely independent, there is no board representation, which is different than the way openai is set up, for example, as it relates to amazon. coming up on the other side of this,...