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Apr 25, 2024
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i'm frank holland coming to you from cnbc london let's get you the check of the u.s. stock futures all three indices in the red right now. the dow would open just over 120 points lower the big story this morning is tech and meta sinking ahead of the open and wiping out $200 billion of market value ahead of the open this comes after the first quarter results topped estimates, but numbers are overshadowed by weak guidance and updates on a.i. and the metaverse. meta is lagging ahead of the open ibm is in second place down more than t81% and zebra technologies >>> the bond market here with the ten-year trading below the highest number since november. look at the benchmark at 4.64% we see the two-year note which hit 4.92%. >>> that's the set up. let's turn back to the big movers we heard from meta and tesla microsoft and alphabet report today. microsoft is up 40% over the past year on enthusiasm over the push into generative a.i. with the investment in openai and the features for windows copilot alphabet is picexpected to get boost from a.i. and ad spending. joining me is
i'm frank holland coming to you from cnbc london let's get you the check of the u.s. stock futures all three indices in the red right now. the dow would open just over 120 points lower the big story this morning is tech and meta sinking ahead of the open and wiping out $200 billion of market value ahead of the open this comes after the first quarter results topped estimates, but numbers are overshadowed by weak guidance and updates on a.i. and the metaverse. meta is lagging ahead of the open...
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Apr 26, 2024
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we're coming to you live from cnbc london. thank you for being with us on friday morning let's kickoff the check after whipsaw action yesterday with the major averages closing off session lows offer the weaker than expected gdp print and what was the busiest day of the first quarter earnings season. look at the beats. you see they are in the green. nasdaq up 1% the dow looking like they would open 60 points higher. s&p up .75%. the big story is big tech led by alphabet and what you could call a triple crown earnings report first quarter revenue and net income ahead of estimates. $17 billion in free cash flow announcing the quarterly dividend and $70 billion share buyback program. the stock is popping after hours trading up 11% it is set to join the $2 trillion market cap club at the open microsoft with the top and bottom line fiscal third quarter results above estimates. revenue growth was a bit weaker than expected. cap ex is high with satya nadella telling shareholders to expect more of the same in the coming quarters. and t
we're coming to you live from cnbc london. thank you for being with us on friday morning let's kickoff the check after whipsaw action yesterday with the major averages closing off session lows offer the weaker than expected gdp print and what was the busiest day of the first quarter earnings season. look at the beats. you see they are in the green. nasdaq up 1% the dow looking like they would open 60 points higher. s&p up .75%. the big story is big tech led by alphabet and what you could...
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Apr 25, 2024
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we start today's show with the acquisition news bhp confirmed it made an offer to buy london listed anglo american with the share capital of 31 billion pounds anglo america is looking to review the offer a significant potential deal here we have karen tso joining us karen, outline the potential deal >> we had this discussion a few years ago. we were all puzzled. we were staring out into the abyss looking for the acquisition. something changed last year. the san pcompany is preparing fe future copper is no longer discussed as dr. copper it is now dr. green in the energy transition and future tre trends copper is in infrastructure and power grids and consumer products and smartphones you see why it is pivopivotal. bhp has consolidation attempts with anglo america it is pivotal. we are talking about the proposal in discussion with shares you see the escalation in the anglo america shares it includes 4.816 piece of platinum shares. in the statement, it val ues anglo america at 31 billion pounds value nfor shareholders and may not amount to anything with the usual caveats. when it comes to the
we start today's show with the acquisition news bhp confirmed it made an offer to buy london listed anglo american with the share capital of 31 billion pounds anglo america is looking to review the offer a significant potential deal here we have karen tso joining us karen, outline the potential deal >> we had this discussion a few years ago. we were all puzzled. we were staring out into the abyss looking for the acquisition. something changed last year. the san pcompany is preparing fe...
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Apr 24, 2024
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hannah, good morning from london good to see you. i'm going to get into it what did you think of howard marks' comments? i know you, too, are looking for cracks in the mag 7. >> i think the really important thing for us here is the re reality. if you're looking at the max 7 who performs well in the past two years, may not be the best performers going forward we've seen cracks in a number of names including tesla. one can find expectations from here if you look at the expectations if you focus on valuations and durability of earnings growth. >> so as you say that, by the way, howard marks was responding to a question i asked him about a stat we showed on the show yesterday that the max 7 in our forecast received 40% year over year earnings growth while the rest of it is expected to see a 3% decline as you say that, how are you not deeply into the magnificent 7 with the rest of market seeing a decline? >> well, we do hold microsoft and alphabet we've been long-term beneficiaries in the growth of those companies. if one looks outside th
hannah, good morning from london good to see you. i'm going to get into it what did you think of howard marks' comments? i know you, too, are looking for cracks in the mag 7. >> i think the really important thing for us here is the re reality. if you're looking at the max 7 who performs well in the past two years, may not be the best performers going forward we've seen cracks in a number of names including tesla. one can find expectations from here if you look at the expectations if you...
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Apr 19, 2024
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in the new york city area 10:30 indepe london. we are following breaking news israel launching retaliation strikes against iran we are on the ground in tel aviv with the latest. >>> that development further rattling global markets adding risk to the wall of worry. futures are lower ahead of the open >>> a different story for oil. spiking on the news. what this attack could mean for an elevated energy complex it is friday, april 19th, 2024 you are watching "worldwide exchange" here on cnbc >>> good morning welcome back to "worldwide exch exchange." i'm frank holland coming to you from london. breaking news. israel retaliating against the drone and missile attack on its territory almost one week ago. this morning, the wall street journal reporting that president biden is weighing more than $1 billion in new arms for israel raf sanchez is live in tel aviv with the latest on this developing story raf. >> reporter: frank, good morning. for a week now, the world has been waiting to see how israel would respond to the massive barrage of
in the new york city area 10:30 indepe london. we are following breaking news israel launching retaliation strikes against iran we are on the ground in tel aviv with the latest. >>> that development further rattling global markets adding risk to the wall of worry. futures are lower ahead of the open >>> a different story for oil. spiking on the news. what this attack could mean for an elevated energy complex it is friday, april 19th, 2024 you are watching "worldwide...
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Apr 22, 2024
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i'm frank holland coming to you from cnbc london. we pick up the half hour check with the stock futures with the s&p on pace with the biggest monthly drop since december of 2022. you can see futures are strong in the green. dow is looking like it would open up 160 points higher. the nasdaq is up .50%. you see the s&p firmly in the green as well. this after what was a rough week for wall street. the s&p fell more than 3% and had the worst week since march of 2023. it was worst for tech and nasdaq falling 5.5% last week. the worst week since november of 2022. nasdaq is now riding a four-week losing streak. this is coming off the heels of popping bond yields. we start with the 4.65% on the ten-year yield. that is putting pressure on the equity market. we are looking at oil as welcomwelclwell. wti is trading at $82.70 a barrel. easing off the lows from earlier today. similar for brent crude d down .75%. trading at $86.65 a barrel. >>> that's the head up. let's turn to the tech and four of the magnificent seven get set to report this week
i'm frank holland coming to you from cnbc london. we pick up the half hour check with the stock futures with the s&p on pace with the biggest monthly drop since december of 2022. you can see futures are strong in the green. dow is looking like it would open up 160 points higher. the nasdaq is up .50%. you see the s&p firmly in the green as well. this after what was a rough week for wall street. the s&p fell more than 3% and had the worst week since march of 2023. it was worst for...
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Apr 23, 2024
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i'm frank holland coming to you from cnbc london. we pick up with the stock futures with the s&p and nasdaq snapping the six-day losing streaks yesterday. the dow is hitting the high of the morning. looking like it will open 40 points higher. nasdaq is up over .25%. key to the market action today is the flurry of earnings due from gm, u.p.s., ge, lockheed martin, pepsi and visa and tesla. we will have more on the ev maker coming up. >>> let's get a check of the corporate stories with silvana henao at cnbc hq. >> good morning. united health paid a ransom to hackers. in a statement to cnbc, united said a ransom was paid as the commitment to do all it could to protect patient data. they are investigating the incident with law enforcement and several cybersecurity firms. a specific ransom amount was not specified. >>> archer daniels ceo said he will resign in september as the company faces an investigation by the doj around the accounting practices. he was placed on leave in january following the document request by the s.e.c. adm said c
i'm frank holland coming to you from cnbc london. we pick up with the stock futures with the s&p and nasdaq snapping the six-day losing streaks yesterday. the dow is hitting the high of the morning. looking like it will open 40 points higher. nasdaq is up over .25%. key to the market action today is the flurry of earnings due from gm, u.p.s., ge, lockheed martin, pepsi and visa and tesla. we will have more on the ev maker coming up. >>> let's get a check of the corporate stories...
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Apr 22, 2024
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. >> good afternoon, tyler from london. cocoa the key ingredient in chocolate is having somewhat of a mysterious rally. it's up 300% over the last year, of course, that's raising the cost for major chocolate makers who also raised consumer prices. still, u.s. chocolate demand increased about 9% from q4 to q1 with 5% increases in both europe and asia for the same time period. the primary reason for the spike is a shortfall in west africa where just about three-quarters of all cocoa supply is grown over two seasons. the spring harvest which is under way right now is forecast to have a 10% shortfall according to the international cocoa oergd. i spoke with the executive director. he cited aging farmers plant disease and climate change as some of the factors and however, there isn't a clear-cut reason and that mystery is what continues to push prices higher. >> the major issue today is i can't tell you exactly the -- i cannot put my finger on the exact reason why the crops have failed in the way that they have this season, and a
. >> good afternoon, tyler from london. cocoa the key ingredient in chocolate is having somewhat of a mysterious rally. it's up 300% over the last year, of course, that's raising the cost for major chocolate makers who also raised consumer prices. still, u.s. chocolate demand increased about 9% from q4 to q1 with 5% increases in both europe and asia for the same time period. the primary reason for the spike is a shortfall in west africa where just about three-quarters of all cocoa supply...
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Apr 24, 2024
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. >>> four people were hurt after british military horses broke free this morning in central london officials say the animals escaped during army exercises and charged into traffic teams of first responders were dispatched incidents including a rider thrown from one of the horses. all of the horses were contained within a few hours david. >> thank you, pippa. >>> ahead of tomorrow's critical gdp report, officials and economists are focussing on a key number that could impact the economic and inflation outlook steve liesman has that for us. >> good morning. when that gdp number comes out wall street pours over the spending and inflation details, looking for clues. but they'll be calculating a number not part of the report. it's the underlying activity in the economy and growth is sometimes the biggest part of how it grows and it's been booming. for the five years before the pandemic it was 1.4% then dipped down 1.3 with the first quarter of last year it dropped down there including a massive surge at the beginning and followed by a worrying decline the past three quarters 3.7% average the last
. >>> four people were hurt after british military horses broke free this morning in central london officials say the animals escaped during army exercises and charged into traffic teams of first responders were dispatched incidents including a rider thrown from one of the horses. all of the horses were contained within a few hours david. >> thank you, pippa. >>> ahead of tomorrow's critical gdp report, officials and economists are focussing on a key number that could...
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Apr 22, 2024
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. >> i didn't think frank holland over in london, they -- they disavowed shakespeare. >> why? was there a problem with him? >> i watched shakespeare when i was at nvidia. they have no problem reproducing things. by the way -- >> yes? >> what would happen if you could reproduce your parents? this is a new thing that i'm hearing. crazy stuff. you record your parents, you can have them talk to you if they've passed on. >> well, i'm -- i've said this many times. you're never going to disappear. or i. we'll -- we could be uploaded in some fashion to the cloud, and then recreated or at the very least, to your point, yes, our avatars will exist on forever. it will be like superman when he went to see marlon brando. remember the crystals? remember the origina original "superman"? >> okay. >> kal' el. >> don't forget who you are, where you are. >> i thought you were going up river in "apocalypse now." >> i see your brando and raise your tesla. you mentioned existential crisis earlier. well, i mean, what else is there to think about here? >> i guess the fact that apparently, if it only
. >> i didn't think frank holland over in london, they -- they disavowed shakespeare. >> why? was there a problem with him? >> i watched shakespeare when i was at nvidia. they have no problem reproducing things. by the way -- >> yes? >> what would happen if you could reproduce your parents? this is a new thing that i'm hearing. crazy stuff. you record your parents, you can have them talk to you if they've passed on. >> well, i'm -- i've said this many times....
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Apr 25, 2024
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. >> ultimately, new york lost to london >> what i learned was even when you lose, you can win. >> that original bid ultimately laid the foundation for the future of new york city that we see all around us today. the high line, hudson yards, the shed, and the whitney museum now downtown >> my time at city hall was the most glorious part of my career. we transformed the city after 9/11 >> in the urbanist, those who worked with doctoroff over the years, write about his impact. including michael bloomberg. >> i have a question for you this is michael bloomberg in the foreward in the book for all dan has accomplished, what stood out is those who do the best by doing the imaginable and possible we can see him all around us you had this team that is genuinely devoted to you in a very special way a lot of folks in the world want to be leaders. you demonstrated it. i'm curious what you think it is you have done to motivate these people to incentivize these people and make these people feel like they can walk through walls on your behalf >> i don't think it was on my behalf i think it was the te
. >> ultimately, new york lost to london >> what i learned was even when you lose, you can win. >> that original bid ultimately laid the foundation for the future of new york city that we see all around us today. the high line, hudson yards, the shed, and the whitney museum now downtown >> my time at city hall was the most glorious part of my career. we transformed the city after 9/11 >> in the urbanist, those who worked with doctoroff over the years, write about...