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Apr 8, 2024
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. >> 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...
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Apr 5, 2024
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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...
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Apr 10, 2024
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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...
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Apr 29, 2024
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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...
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Apr 16, 2024
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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...
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Apr 3, 2024
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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....
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Apr 9, 2024
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. >> 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...
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Apr 11, 2024
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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...
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Apr 1, 2024
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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...
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Apr 22, 2024
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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...
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Apr 4, 2024
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. >>> 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...
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Apr 12, 2024
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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. >>...