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May 16, 2024
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thank you, contessa brewer. >>> up next, more mmtecoite moves. bill baruch. we'll give you the details next. are you interested in safeguarding your investments with gold? alamos gold is a growing canadian gold producer with a long track record of outperformance. alamos gold. invest with us. our growth sets us apart. at pgim, finding opportunity in fixed income today, helps secure tomorrow. our time-tested fixed income suite, backed by over 145 years of risk experience, helps investors meet their goals. pgim investments. shaping tomorrow today. ♪ >>> let's tell you about another move courtesy of bill baruch. it is one of our "calls of the day." uber reiterated by bank of america, price target 87. show the stock, please. bill baruch has bought more shares of uber. tell us. >> there's two pieces of news here. the partnership with costco, they will deliver groceries. costco has great groceries. the other piece is the shuttles from concerts, places like livenation. the shuttle business is something and highlights their global reach, something they've had in eur
thank you, contessa brewer. >>> up next, more mmtecoite moves. bill baruch. we'll give you the details next. are you interested in safeguarding your investments with gold? alamos gold is a growing canadian gold producer with a long track record of outperformance. alamos gold. invest with us. our growth sets us apart. at pgim, finding opportunity in fixed income today, helps secure tomorrow. our time-tested fixed income suite, backed by over 145 years of risk experience, helps investors...
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May 1, 2024
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contessa brewer is back with that. >> shares of starbucks plummeting on an earnings miss. comparable store sales, that's the key metric. it fell by 4%, leading to an 11% drop in china. this is starbucks' sales first short fall by the ceo says the brand is resilient. >> while these results do not reflect our strengths, capabilities, our our opportunities ahead, we confront the challenges with enduring strength. >> you'll hear more from laxman narasimhan when he joins cnbc later today. >>> super micro revenue grows by 200%. the stock is still up compared to the s&p's 6% gain. >>> and caesars missed earnings expectations largely because of bad luck. the house didn't win at the tables in vegas and hit the line hard. bad weather, adele canceled. ceo tom regooeg called it a repeated butt kicking but consumer spending is healthy. they booked through 98% through june and online sports betting and digital games is up 19% over last year, and there was some indication because of reduction in capex spending, there could be buybacks in the company's future. >> our contessa brewer. than
contessa brewer is back with that. >> shares of starbucks plummeting on an earnings miss. comparable store sales, that's the key metric. it fell by 4%, leading to an 11% drop in china. this is starbucks' sales first short fall by the ceo says the brand is resilient. >> while these results do not reflect our strengths, capabilities, our our opportunities ahead, we confront the challenges with enduring strength. >> you'll hear more from laxman narasimhan when he joins cnbc later...
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May 23, 2024
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. >>> let's send it over to contessa brewer for a cnbc news update. >>> a louisiana legislature has -- the first measure requires doctors to have a specific license to prescribe the drug it also makes it a crime to possess the drugs without a subscription that bill now goes to the governor's death for signature. >>> the political consultant accused of organize a.i.-generated robocalls was indicted in new hampshire, fined $6 million by the fcc. steven cramer commissioned the message that told thousands to stay home during the primary he said he only did it to demonstrate the danger of deepfakes. the diagnosis of adhd are on the rise a jump of about a million from 2016 the cdc says that increase could be the product of more awareness, or maybe it's a reflection of how kids were developing during the covid-19 pandemic it raises a lot of questions >> contessa brewer, thank you for that >>> as we head off to break, we want a quick power check on the s&p 500. on the positive side, no doubt nvidia is holding strong meanwhile, on the negative side, life nation fall by 8% following a departmen
. >>> let's send it over to contessa brewer for a cnbc news update. >>> a louisiana legislature has -- the first measure requires doctors to have a specific license to prescribe the drug it also makes it a crime to possess the drugs without a subscription that bill now goes to the governor's death for signature. >>> the political consultant accused of organize a.i.-generated robocalls was indicted in new hampshire, fined $6 million by the fcc. steven cramer...
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May 2, 2024
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contessa brewer joins us with more >> reporter: it is not just car insurance which gets a lot of attention, but prices on property and casualty insurance is soaring as well those rates are reflected in the earnings of the insurance companies. aig beat eps yesterday when it reported the commission insulins in north america with prices 6% and stayed ahead of what the company paid out in claims aig has been disciplined in how it takes on risk, but benefitted from low catastrophe levels. the ceo called the market conditions favor anafavorable. conditions are up 3% this morning. the call begins at 8:30. we will have more insight there. you have allstate reporting earnings that trounced expectations $ $513 a share if you look back a year ago, this quarter, it lost $1.30 per share. allstate has collected higher premiums the catastrophe losses fell 60%. repair and replacement costs were stabilizing allstate saw returns on the inve investments. the car insurance giant paid out more in claims than it could collect in premiums. now it is playing catch up it is seeing notable growth in national genera
contessa brewer joins us with more >> reporter: it is not just car insurance which gets a lot of attention, but prices on property and casualty insurance is soaring as well those rates are reflected in the earnings of the insurance companies. aig beat eps yesterday when it reported the commission insulins in north america with prices 6% and stayed ahead of what the company paid out in claims aig has been disciplined in how it takes on risk, but benefitted from low catastrophe levels. the...
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May 28, 2024
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shares of draft kings lower by 10% today, on fears of a tax hike in illinois contessa brewer joins us with the details. >> not just draftkings but seeing fanduel parent flutter down significantly down as well. illinois senators approved a budget proposal that includes a progressive tax hike on sports betting. the sports books pay 15%. that would increase from 20% to 40% depending on gross receipts. the largest operators, fan duels and draftkings, would be taxed the highest and then those who have less market share would be taxed on a sliding scale based on their revenue if this passes, the illinois house and the governor signs it, it would make maximum nax illinois the second highest rate behind new york and new hampshire's 51%. illinois is the fourth largest state for sports betting revenue and handle and bettors wagered more than $1.2 billion on sports in march in one month alone. the sports betting alliance says this will mean worst product worst promotions and odds for illinois bettors draftkings ceo jason robins said the burden will fall on the consumer should taxes get raised an
shares of draft kings lower by 10% today, on fears of a tax hike in illinois contessa brewer joins us with the details. >> not just draftkings but seeing fanduel parent flutter down significantly down as well. illinois senators approved a budget proposal that includes a progressive tax hike on sports betting. the sports books pay 15%. that would increase from 20% to 40% depending on gross receipts. the largest operators, fan duels and draftkings, would be taxed the highest and then those...
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May 21, 2024
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contessa brewer joins us now. >>> more than 300 bags of pedigree dog food have been recalled over the possible presence of metal pieces. sold at 176 walmart stores across four states. so far the fda said there's been no report of pet injury or illness related to the product. >>> volva and aurora unveiled their first self-driving semitruck. operate without a person behind the wheel. the vehicle will have a person in the truck to take over when needed. >>> you might start paying with your face, biometric payment options are becoming more common in the united states, even some restaurant chains in the u.s. have started to offer the option, there are concerns about privacy but juniper research forecast $300,000 will be paid. i'm going to make your face pay, they usually make it differently. >> i like that. >> contessa brewer, thank you. >> thank you. >>> coming up, scarlett johansson is speaking out over a variety rnl assistant that sounds just like her. >> hello. i'm really excited about teaming up with you. >> how the tech team behind it is defending its decision. >>> plus, more of my e
contessa brewer joins us now. >>> more than 300 bags of pedigree dog food have been recalled over the possible presence of metal pieces. sold at 176 walmart stores across four states. so far the fda said there's been no report of pet injury or illness related to the product. >>> volva and aurora unveiled their first self-driving semitruck. operate without a person behind the wheel. the vehicle will have a person in the truck to take over when needed. >>> you might...
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May 28, 2024
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, appreciate that contessa brewer. mike, i'm also thinking about it's not like earnings season is fully over crm, salesforce, going to be important, especially at a time where, you know, software stocks haven't done that well. >> all chips and the mega caps. >> it's definitely been a little bit sidelined by the fact that all anybody really cares about is,the hardware investment cycle at this point. i mean, salesforce has had a decent story to tell about implementing ai. it almost fits perfectly in with what they've always tried to do. now they call most of what they've been doing all along ai and some version that being said the bookings rate and everything that reflects what companies are spending on incrementally is going to come to bear on crm it matters, but it doesn't feel like it's where everyone is right now. what i did find interesting today, industrials giving back 1% as well it's a little bit of a willowing of the leadership of the market. software not playing along microsoft actually is just kind of been cap
, appreciate that contessa brewer. mike, i'm also thinking about it's not like earnings season is fully over crm, salesforce, going to be important, especially at a time where, you know, software stocks haven't done that well. >> all chips and the mega caps. >> it's definitely been a little bit sidelined by the fact that all anybody really cares about is,the hardware investment cycle at this point. i mean, salesforce has had a decent story to tell about implementing ai. it almost...
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May 31, 2024
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and -- contessa brewer and carl icon with the bet on caesars clean energy among the top performers we have a nice move as i said. we're going to go 500 looks like now on the dow >> yeah. >> s&p is up 33 points so that's the highs of the day there, too 5,2 67 bank's looking good. buying at apple and alphabet and uber even nvidia off the mat. >> put more weight into the majority of stocks being up most of the day in response to lower yields and the fact we got an on-target pc inflation reports, then this little melt we're seeing into the close. it probably -- not to say it's illegitimate, but i'm almost sure it's month end and also quarterly msci index rebalance whatever had to get done over the course of the day seemed to get done and now a little bit of a bid into the close big picture, market's been a little sloppier as people have been saying this week. it's been a little hard to trust. lot of stocks, you know, actually weakening below the surface and then getting picked up rippan action in general big picture, though, really strong first quarter in the market we've held onto most o
and -- contessa brewer and carl icon with the bet on caesars clean energy among the top performers we have a nice move as i said. we're going to go 500 looks like now on the dow >> yeah. >> s&p is up 33 points so that's the highs of the day there, too 5,2 67 bank's looking good. buying at apple and alphabet and uber even nvidia off the mat. >> put more weight into the majority of stocks being up most of the day in response to lower yields and the fact we got an on-target...
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May 31, 2024
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i would like to say there is always came contessa brewer in for brian sullivan. right now, a $4 trillion tax fight. should the trump tax cuts be extended? the answer just got complicated. >>> major player comes out against elon musk's $56 billion pay package. is that enough to sway shareholders? >>> plus, and onslaught of severe weather rocks texas and the impact could hit wallets everywhere. we have all that and more over the next hour. last call
i would like to say there is always came contessa brewer in for brian sullivan. right now, a $4 trillion tax fight. should the trump tax cuts be extended? the answer just got complicated. >>> major player comes out against elon musk's $56 billion pay package. is that enough to sway shareholders? >>> plus, and onslaught of severe weather rocks texas and the impact could hit wallets everywhere. we have all that and more over the next hour. last call
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May 7, 2024
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contessa brewer will tell us what to expect from wynn reports . >> wynn is coming in with the casino earnings, we have gained perspective on the calendar, mgm and las vegas sands, mgm and caesars, and excitement will come from wynn significantly outperforming its competitors or underperforming analyst are likely to ask more about their plans to open a middle east casino and resort in the uae early in 2027. we have artist renderings released just yesterday. the tower is underway. this will be a game changer for the middle east. gambling in the united arab emirates. meanwhile, the street is expecting wynn to come in with revenue of $1.79 billion and earnings of $1.27 per share them up against some tough comps from last year's first quarter. wynn shares are up more than 6% this year , that outperforms mgm which is negative on the year to date. scott? >> thanks, less than a minute ago. nice and balanced over the last full week. every sector is up. and, this week to date, every sector is up, everything up at least 1% save a couple. nicely balanced. >> the overall market has been good, tod
contessa brewer will tell us what to expect from wynn reports . >> wynn is coming in with the casino earnings, we have gained perspective on the calendar, mgm and las vegas sands, mgm and caesars, and excitement will come from wynn significantly outperforming its competitors or underperforming analyst are likely to ask more about their plans to open a middle east casino and resort in the uae early in 2027. we have artist renderings released just yesterday. the tower is underway. this will...
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May 31, 2024
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. >> just talked earlier in the week, contessa, about the illinois tax thank you, contessa brewer, the casinos today. steve, what did you make, never do activism at caesar's? >> or i don't like to talk about my positions or i'm about to. exactly. as long as everyone knows. i think he reserves the right to change as he kicks around the tires. you know what i love about carl, though a learning experience for him in all of this, all of his life he's always changed and sort of done a certain, a little different, a little nuance this could be another iteration of carl that we're seeing, but i think -- as contessa really nailed all the -- wynn upgrade, penn act vist. carl caesar's. trying to round that bottom. i was in las vegas las vegas, i stayed a little too long, and i had to -- whankts does that mean >> down at the casino. >> oh, you mean the stock -- sorry. >> on the floor. >> out last night and -- >> and i always look for the ones that are vegas centric versus macao centric >> i like casinos and whichly like macao, las vegas and malco. back to caesar's, the stock cut almost in half to
. >> just talked earlier in the week, contessa, about the illinois tax thank you, contessa brewer, the casinos today. steve, what did you make, never do activism at caesar's? >> or i don't like to talk about my positions or i'm about to. exactly. as long as everyone knows. i think he reserves the right to change as he kicks around the tires. you know what i love about carl, though a learning experience for him in all of this, all of his life he's always changed and sort of done a...
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May 21, 2024
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. >>> i am contessa brewer. inflation's crunch, underreport reveals its impact on american households, but there are ways for investors to beat it. >>> opened the spec it. michelle caruso-cabrera makes a big move ahead of the summer. and there is more here than meets the eye. the new conservative economics, a rapid transformation is underway. what does it mean for the relationship between big business and the gop? >>> terror in the skies. extreme turbulence rocks a singapore aiin f
. >>> i am contessa brewer. inflation's crunch, underreport reveals its impact on american households, but there are ways for investors to beat it. >>> opened the spec it. michelle caruso-cabrera makes a big move ahead of the summer. and there is more here than meets the eye. the new conservative economics, a rapid transformation is underway. what does it mean for the relationship between big business and the gop? >>> terror in the skies. extreme turbulence rocks a...
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May 17, 2024
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. >>> to the headlines with contessa brewer. >>> israel has denied accusations of genocide during a hearing today at the united nations top court. south africa asked for that emergency hearing and requested a ceasefire. it claims israel's military operation in rafah threatened the very survival of palestinians in gaza. israel insists it's doing all it can to protect civilians there. >>> ukrainian forces have reportedly slowed the russian advance in the kharkiv region. president volodymyr zelenskyy said today russian troops have advanced about six miles into ukrainian territory in a week. that incursion has raised fears ukraine's second largest city could be vulnerable to attack. >>> and chairman of the senate judiciary committee, dick durbin, called for supreme court justice samuel alito to recuse himself from cases related to the 2020 election and january 6th. "the new york times" reported an american flag was hung upside-down outside alito's house in mid-january 2021. hanging the flag that way has come to symbolize former president trump's false claims of election fraud. alito says his wi
. >>> to the headlines with contessa brewer. >>> israel has denied accusations of genocide during a hearing today at the united nations top court. south africa asked for that emergency hearing and requested a ceasefire. it claims israel's military operation in rafah threatened the very survival of palestinians in gaza. israel insists it's doing all it can to protect civilians there. >>> ukrainian forces have reportedly slowed the russian advance in the kharkiv region....
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May 31, 2024
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. >>> over to contessa brewer with for cnbc news update contessa >> president biden this afternoon outlined the road map for an israeli cease-fire proposal in gaza three phases first, a cease-fire for six weeks, which would allow people to return to their homes and during that time, israel and hamas would negotiate a permanent end to the war phase two would see the release of all remaining living hostages, and israeli withdrawal and the last phase would be a major reconstruction plan for gaza we will wait to hear how israel responds to that proposal. >>> house republicans are demanding testimony from manhattan district attorney alvin bragg and other top prosecutors who worked on the former president's hush money trial. the house judiciary's, quote, weaponization of government, unquote, subcommittee, which is led by trump ally jim jordan, called for that testimony june 13th >>> and members of the swedish pop sensation group abba reunited today to receive a prestigious knighthood from the country's king the 1970s band sold an estimated 385 million records, including hits like "dancing queen"
. >>> over to contessa brewer with for cnbc news update contessa >> president biden this afternoon outlined the road map for an israeli cease-fire proposal in gaza three phases first, a cease-fire for six weeks, which would allow people to return to their homes and during that time, israel and hamas would negotiate a permanent end to the war phase two would see the release of all remaining living hostages, and israeli withdrawal and the last phase would be a major reconstruction...
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May 21, 2024
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rick santelli, over to contessa brewer for our cnbc news update. >>> the white house says the united states is directly engaging with israel over its seizure of associated press equipment earlier today. israel also shut down a live shot of gaza amid its war with hamas. israeli officials say the ap broke its law by supplying images to al jazeera, one of thousands of ap customers. prime minister benjamin netanyahu previously has called al jazeera a terror channel. >>> new york's high court upheld a controversial abortion law today that religious groups vowed to take to the supreme court. that measure requires companies with health insurance plans to cover medically necessary abortions. the group's claim the law violates their religious freedoms. >>> and the biden administration plans to release a million barrels of gas from a northeast reserve in a push to lower gas prices this summer. the energy department says it will strategically release the fuel between memorial day and july 4th to gasoline can flow during the busy travel season. gas prices right now sitting about $3.60, according
rick santelli, over to contessa brewer for our cnbc news update. >>> the white house says the united states is directly engaging with israel over its seizure of associated press equipment earlier today. israel also shut down a live shot of gaza amid its war with hamas. israeli officials say the ap broke its law by supplying images to al jazeera, one of thousands of ap customers. prime minister benjamin netanyahu previously has called al jazeera a terror channel. >>> new york's...
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May 22, 2024
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contessa brewer, thank you. >> thank you. >>> coming up, americans' car ownership is in cruise control, why drivers are holding on to their vehicles for longer than ever >>> tennessee court blocks the >>> tennessee court blocks the sale of elvis presley's historic [tense music] one aleve works all day so i can keep working my magic. just one aleve. 12 hours of uninterrupted pain relief. aleve. who do you take it for? ...and for fast topical pain relief,try alevex. want the power of 5 serum benefits in 1? olay super serum activates on skin to hydrate, smooth, visibly firm, brighten, and improve texture. it's my best skin yet. olay liberty mutual customized my car insurance and i saved hundreds. that's great. i know, i've bee telling everyone. baby: liberty. oh! baby: liberty. how many people did you tell? only pay for what you need. jingle: ♪ liberty. liberty. liberty. ♪ baby: ♪ liberty. ♪ (♪♪) (♪♪) bounce back fast from heartburn with new tums gummy bites, and love food back. (♪♪) depend keeps you drier than ever, so you can say yes to more than ever. yes-s-s! yes.
contessa brewer, thank you. >> thank you. >>> coming up, americans' car ownership is in cruise control, why drivers are holding on to their vehicles for longer than ever >>> tennessee court blocks the >>> tennessee court blocks the sale of elvis presley's historic [tense music] one aleve works all day so i can keep working my magic. just one aleve. 12 hours of uninterrupted pain relief. aleve. who do you take it for? ...and for fast topical pain relief,try...
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May 15, 2024
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i would like to say this, >>> i'm contessa brewer, right now on last call, protecting the election from ai. lawmakers have a big plan to propose, tech heavyweight joins us on how it can work. >>> new numbers could sway the outcome of the presidential race and almost no one is talking about them. >> warren buffetec
i would like to say this, >>> i'm contessa brewer, right now on last call, protecting the election from ai. lawmakers have a big plan to propose, tech heavyweight joins us on how it can work. >>> new numbers could sway the outcome of the presidential race and almost no one is talking about them. >> warren buffetec
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May 13, 2024
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contessa brewer joins us now. >>> yeah, melinda gates announced today she's going on resign of the co-chair of the bill and melinda foundation. her last day is next month. she said the time is right to move forward. she made an agreement with bill to leave the foundation and she'll have an exchange $12.5 billion to put toward her work protecting women and girls around the world. >>> a federal judge has blocked a biden administration rule capping credit card late fees at $8, the judge granted a preliminary injunction to several businesses and banks who argued the rule violated federal statutes. until a hearing could be held. >>> hyundai, kia, the lack of basic auto theft prevention features as well as the spread of braking methods. while hyundai and kia cars were the top targets. >> i got a hyundai. >> the least likely to be -- >> it's your grandma's old rusty pickup truck. >> there you go. >>> coming up, countdown to kickoff. the nfl rematch set for the first game of the 2024 regular season. >>> plus, prince william received a new title, why it holds special meaning to his holds special mea
contessa brewer joins us now. >>> yeah, melinda gates announced today she's going on resign of the co-chair of the bill and melinda foundation. her last day is next month. she said the time is right to move forward. she made an agreement with bill to leave the foundation and she'll have an exchange $12.5 billion to put toward her work protecting women and girls around the world. >>> a federal judge has blocked a biden administration rule capping credit card late fees at $8,...
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May 2, 2024
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my colleague contessa brewer covers this industry very well as you know, and i certainly wanted to share anything she's given us i want to disclose i've had a relationship with draftkings bull market fantasy. i like fantasy and i know that these guys have a great fantasy site so there we go that's jason robins, co-founder, chairman and ceo of draftkings i love when you come on the show thank you so much. >> i love coming on. thanks for having me >> "mad money's" back after the break. >> announcer: when we return, master the markets one stock at a time the "lightning round" is up next (aaron) i own a lot of businesses... so i wear a lot of hats. my restaurants, my tattoo shop... and i also have a non-profit. but no matter what business i'm in... my network and my tech need to keep up. thank you verizon business. (kevin) now our businesses get fast and reliable internet from the same network that powers our phones. (waitress) all with the security features we need. (aaron) because my businesses are my life. man, the fish tacos are blowing up! so whatever's next... we're cooking with fire.
my colleague contessa brewer covers this industry very well as you know, and i certainly wanted to share anything she's given us i want to disclose i've had a relationship with draftkings bull market fantasy. i like fantasy and i know that these guys have a great fantasy site so there we go that's jason robins, co-founder, chairman and ceo of draftkings i love when you come on the show thank you so much. >> i love coming on. thanks for having me >> "mad money's" back after...
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May 23, 2024
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brewer. right now a green light for ether. will a flood of other crypto's follow? >>> an antitrust suit. could it save consumers money? the dc attorney general explains why he is backing the complaint. >>> a fragrant flower. what charles barkley says about his own bosses over the battle for nba rights. the nba itself is
brewer. right now a green light for ether. will a flood of other crypto's follow? >>> an antitrust suit. could it save consumers money? the dc attorney general explains why he is backing the complaint. >>> a fragrant flower. what charles barkley says about his own bosses over the battle for nba rights. the nba itself is
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May 2, 2024
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the dow did close higher, but the s&p 500 ended down yesterday, up 33 today to contessa brewer with a look at this morning's premarket movers contessa >> hi, joe carvana is putting the pedal to the metal. look at the shares, up 38% in the pretrade the used car retailer reported record first quarter results and turned a profit, beat street expectations this morning, jpmorgan is also upgrading carvana to overweight from neutral, raising the price target to $130 from $70. jpm says there is a lot of wiggle room here for more accelerated growth and expanding margins. watch the shares ebay shares slipping in the premarket despite a beat on the top and bottom line. its current quarter guidance is weighing on the stock. revenue guidance fell short of what the street expected and that's overshadowing here other positive results those shares off 3.3%. novo nordisk is getting fat on weight loss drugs. it beat profit expectations on the popularity of ozempic and wegovy and wegovy sales more than doubled its net profits rose more than 28% year on year shares are up almost 60% over the last year. s
the dow did close higher, but the s&p 500 ended down yesterday, up 33 today to contessa brewer with a look at this morning's premarket movers contessa >> hi, joe carvana is putting the pedal to the metal. look at the shares, up 38% in the pretrade the used car retailer reported record first quarter results and turned a profit, beat street expectations this morning, jpmorgan is also upgrading carvana to overweight from neutral, raising the price target to $130 from $70. jpm says there...
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May 28, 2024
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contessa brewer, thank you appreciate it. >> mm-hmm. >>> it's been two months since the collapse of the frances scott key bridge in baltimore. estimated insured losses from the tragedy could end up being about $3 billion if that's the case, it would make it the largest marine insurance loss ever recorded, with property, marine, aviation, transit insurance premiums likely impacted. for more on the far-reaching effects of this incident in the insurance world, we want to bring in bruce carnegie brown, the chairman of the latest insurance and re-insurance company, lloyds. >> thank you for having me >> we know those early estimates of $3 billion is what was being kind of eyeballed at that point. i know it's still a long way for all of this to be completely investigated and found through, but does that sound like an appropriate level to you, around $3 billion >> that feels right. i think the physical damage amounts are reasonably easy to calibrate, the bridge, the ship. the developing claims are all around business interruption for the cargoes trapped in baltimore port that have been slow to
contessa brewer, thank you appreciate it. >> mm-hmm. >>> it's been two months since the collapse of the frances scott key bridge in baltimore. estimated insured losses from the tragedy could end up being about $3 billion if that's the case, it would make it the largest marine insurance loss ever recorded, with property, marine, aviation, transit insurance premiums likely impacted. for more on the far-reaching effects of this incident in the insurance world, we want to bring in...
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May 9, 2024
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contessa brewer has that story we will go to her next on that. >>> later, quarterly results from warner bros. discovery and those of you with kids, roblox earnings we're coming back after this >> announcer: executive edge is sponsored by at&t business next level moments need the next level network. to start a business, you need an idea. 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. [jenna screams] and most importantly... is the internet out? don't worry, we have at&t internet back-up. the next level network. i sold a pillow! >>> good morning welcome back to "squawk box" live from the nasdaq market site in times square. getting ready to lit up a signific cigarette here in a second. >> that's the point. you're not allowed. >> do you not read do you not know anything check the futures. down 54 points now on the dow. go to france and everybody is puffing away down 50 points on the dow. 33 on the nasdaq i took a shot. >> as an expl
contessa brewer has that story we will go to her next on that. >>> later, quarterly results from warner bros. discovery and those of you with kids, roblox earnings we're coming back after this >> announcer: executive edge is sponsored by at&t business next level moments need the next level network. to start a business, you need an idea. 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...
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May 17, 2024
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i'm contessa brewer. trucks began delivering humanitarian supplies to gaza today using a temporary pier constructed by the united states. this floating dock is part of an effort to address the famine situation in the enclave. houston officials say four people died yesterday in severe storms that brought hurricane-force winds. in fact, that bad weather pummelled the downtown area. windows blew out and power lines toppled and cars were damaged. officials say nearly a million people still don't have power. . >>> world's number one golfer scottie scheffler teed off in the pga championship hours after his arrest allegedly for assaulting an officer. jail records show scheffler was booked on a felony with criminal mischief and reckless driver. scheffler called it a big misunderstanding and his attorney says at no point did he assault any officer with his vehicle. it happened as tlefs an enhanced police presence around a louisville club after a pedestrian killed in an accident earlier this morning. look for more
i'm contessa brewer. trucks began delivering humanitarian supplies to gaza today using a temporary pier constructed by the united states. this floating dock is part of an effort to address the famine situation in the enclave. houston officials say four people died yesterday in severe storms that brought hurricane-force winds. in fact, that bad weather pummelled the downtown area. windows blew out and power lines toppled and cars were damaged. officials say nearly a million people still don't...
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May 24, 2024
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i'm contessa brewer with your cnbc news update the international court of justice ordered israel to halt military operations immediately in the southern gaza border city of rafah that's where tens of thousands of civilians have fled for protection from israel's bombardment. the u.n. court has no power to enforce that ruling, and israel is unlikely to comply. >>> meanwhile, israel's army says the bodies of three more hostages were recovered from gaza military officials say all three were killed on the day of the october 7th attack, carried out by hamas israel believes hamas is still holding more than 100 hostages in gaza along with the bodies of 39 more. >>> iranian state media says the results of an investigation into the deadly helicopter crash that killed the country's president revealed no signs of an attack military investigators reportedly said the helicopter carrying president ebrahim raisi the iranian foreign minister and six others caught fire soon after slamming into the side of a mountain sunday. that's the news. carl, i'll send it back to you. >> thanks so much. >>> tech valua
i'm contessa brewer with your cnbc news update the international court of justice ordered israel to halt military operations immediately in the southern gaza border city of rafah that's where tens of thousands of civilians have fled for protection from israel's bombardment. the u.n. court has no power to enforce that ruling, and israel is unlikely to comply. >>> meanwhile, israel's army says the bodies of three more hostages were recovered from gaza military officials say all three...
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May 16, 2024
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contessa brewer joins us for more on what that means for the name and if you were surprised. >> i have been telling you for more than a year that chubb is firing on all cylinders. you have berkshire hathaway starting to build its stake through last quarter last year and first quarter, we saw shares up 25% to the end of first quarter. you have firing on all cylinders. disciplined underwriting, now prices and rates exceeding what their lost costs are. interest rates are helping them, especially on the life insurance business. so, is there room to run? analysts say yes. >> berkshire knows insurance, that's the other piece of that. so you have 3% bump today. >> exactly. >> thanks, contessa. >>> "money movers" starts on the other side of this break. >>> good thursday morning. welcome to "money movers." i'm carl quintanilla with leslie picker at post 9 of the new york stock exchange. today the dow hits 40,000. wells fargo's scott wren on why it's time to reduce exposure to a few points of the market. >>> max
contessa brewer joins us for more on what that means for the name and if you were surprised. >> i have been telling you for more than a year that chubb is firing on all cylinders. you have berkshire hathaway starting to build its stake through last quarter last year and first quarter, we saw shares up 25% to the end of first quarter. you have firing on all cylinders. disciplined underwriting, now prices and rates exceeding what their lost costs are. interest rates are helping them,...
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May 1, 2024
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let's get over to contessa brewer with a look at some of this morning's premarket movers. what are you seeing? >> cvs shares plummeting this morning. in the last half hour, it reported earnings and revenue that missed expectations and it slashed guidance for the full year and look at those shares now, down by nearly 12% in the free market. the company got hit by investment and expanding its medicare advantage plans at a time when medical costs are rising ceo karen lynch calls it an earnings release, a near term challenge and says cvs health has a plan to deal with it super micro shares down sharply in the premarket, down by 12%. a revenue miss in the third quarter, despite the recent move there is a lot to like about the stock. if you look at that performance, over the past year, the company boosted its current quarter revenue guidance and said it expects a.i. demand to remain strong for many quarters over one year, up 618% amazon shares in the green, in the wake of yesterday's earnings report, the company beat on the top and the bottom line, and posted a 24% growth in ad
let's get over to contessa brewer with a look at some of this morning's premarket movers. what are you seeing? >> cvs shares plummeting this morning. in the last half hour, it reported earnings and revenue that missed expectations and it slashed guidance for the full year and look at those shares now, down by nearly 12% in the free market. the company got hit by investment and expanding its medicare advantage plans at a time when medical costs are rising ceo karen lynch calls it an...