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May 6, 2024
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that's phil lebeau. stephanie link i'll come back to you on the fact that boeing, you continue -- you have defended the position that you have in the stock, based on the duopoly aspect, thinking it's -- they'll get past a lot of this, it's more than noise too. it's more than noise. there's been some real fundamental missteps within this company over the last year, at least. >> yeah, i'd much rather be talking about the growth around the world, that's better than expected than another day of boeing. the fact that negative news that comes out, the stock continues to fall on negative news. when the stock stops going down on the bad news that's when you know it's around the bottoming process. i do think last week was a big deal, the $10 billion debt offering, eight times oversubscribed, very important, that's bridging the free cash flow gap. we know they're actually going to or they just reported a negative 3.9 billion. they're going to lose free cash flow in this quarter as well. i think you're going to see
that's phil lebeau. stephanie link i'll come back to you on the fact that boeing, you continue -- you have defended the position that you have in the stock, based on the duopoly aspect, thinking it's -- they'll get past a lot of this, it's more than noise too. it's more than noise. there's been some real fundamental missteps within this company over the last year, at least. >> yeah, i'd much rather be talking about the growth around the world, that's better than expected than another day...
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May 28, 2024
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let's get the details with phil lebeau. >> another 8k, and unlike americans united is reaffirming its guidance for the second quarter. we're entering that period we're going to start to get guidance in terms of how the quarter was shaping up and despite united reaffirming its guidance, the stock is under pressure. why? because american airlines has issued a warning which has some people saying, are we going to see softness with the airline stocks it's also bringing shares of united down, although american's warning is strictly about american they have lowered their eps guide. it was $1.15 to $1.45. revenue expected to fall 5 to 6% it was expected to fall 1 to 3%, and the company announcing that the chief commercial officer is leaving the company. we will have hear more from the ceo of american airlines tomorrow morning at the bernstein conference in new york i'm sure he'll be spelling out in greater detail exactly why it has issued this warning for the second quarter back to you. >> phil, did i see that the guidance range for united looked like a buck wide on adjusted eps? >> i have n
let's get the details with phil lebeau. >> another 8k, and unlike americans united is reaffirming its guidance for the second quarter. we're entering that period we're going to start to get guidance in terms of how the quarter was shaping up and despite united reaffirming its guidance, the stock is under pressure. why? because american airlines has issued a warning which has some people saying, are we going to see softness with the airline stocks it's also bringing shares of united down,...
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May 29, 2024
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phil lebeau with the story on american ask the airlines in general. leads me to steve kovach and salesforce. the big disconnect in the tech trade has been software, right? it's the area that has not done all that well. we'll see what salesforce delivers. what can you tell us? >> you nailed it, scott. the question for salesforce and other enterprise software companies, where is the ai money coming? we've seen ai sales flow to microsoft, google and amazon and nvidia on the chip side. not much happening with ai software sales. that goes for microsoft too. especially true in the enterprise, salesforce has been hyping its ai platform called einstein since last year. we know the story behind salesforce' turn around last year following those job and cost cuts. ai monetization story, that one less clear for investors. commentary from marc benioff about sales and its data cloud, which it says secures customer data for its ai tools. last quarter he said a quarter of its deals under or over 1 million buy into data cloud. it's still tiny, but salesforce meanwhile
phil lebeau with the story on american ask the airlines in general. leads me to steve kovach and salesforce. the big disconnect in the tech trade has been software, right? it's the area that has not done all that well. we'll see what salesforce delivers. what can you tell us? >> you nailed it, scott. the question for salesforce and other enterprise software companies, where is the ai money coming? we've seen ai sales flow to microsoft, google and amazon and nvidia on the chip side. not...
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May 24, 2024
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phil lebeau. you saw cava that's because we are getting more bullish at least stifle is >> yes, that's right stifle out with a new price hike, and reiterating its buy rating on cava, from $66 to $90, ahead of earnings next tuesday writing this morning, themobil location data suggests that the company saw sequential improvements throughout the quarter and would not be surprised with a jump of 5%. we believe the sales momentum is sustainable especially with moaningful product rollout later this year. cava stock up 90% year to date and outperforming fast food this year, as consumers perceive these companies have better value. and sweet cream also recalled out steak. same store sales expected to be increased 1.6% for the quarter, scott? >> thank you very much. >> and careful which stocks you look for when trying to make a determination as to the health of the consumer, because you can cherry pick your way around. >> no doubt about it i mean if you looked at cava and chipotle, and basically they have p
phil lebeau. you saw cava that's because we are getting more bullish at least stifle is >> yes, that's right stifle out with a new price hike, and reiterating its buy rating on cava, from $66 to $90, ahead of earnings next tuesday writing this morning, themobil location data suggests that the company saw sequential improvements throughout the quarter and would not be surprised with a jump of 5%. we believe the sales momentum is sustainable especially with moaningful product rollout later...
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May 28, 2024
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, thanks very much phil lebeau reporting. >>> sports book stocks are lower because of high state taxes. we'll reveal the state that's proposing a big tax hike on the betting operators when we return (traffic noises) (♪♪) the road to opportunity. is often the road overlooked. (♪♪) at enterprise mobility, we guide companies to unique solutions, from our team of mobility experts. because we believe the more ways we all have to move forward. the further we'll all go. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. >>> welcome back let's give you a market check. the dow falling to session lows down almost 350 points at 38,730 the nasdaq struggling to hold on to its gains there you see it up by just a finger neil about 0.07%. 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
, thanks very much phil lebeau reporting. >>> sports book stocks are lower because of high state taxes. we'll reveal the state that's proposing a big tax hike on the betting operators when we return (traffic noises) (♪♪) the road to opportunity. is often the road overlooked. (♪♪) at enterprise mobility, we guide companies to unique solutions, from our team of mobility experts. because we believe the more ways we all have to move forward. the further we'll all go. new projects...
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May 16, 2024
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phil lebeau brings us the details. phil? >> kelly, it's not just memorial that will be the busiest ever, this summer will be the busiest ever for the u.s. airports in term of the number of people who are going through the airports. in fact, the tsa says it will be an increase of 8% to 10% compared to the number of people who were flying next year. it starts next friday, the friday before memorial day with a bang. 2.9 million passengers are expected and we've been seeing a steady increase in the number of daily average passengers being screened by the tsa. it was a record last year. we will likely see it cross over 3 million a day at some point this summer. so what is the tsa doing? they're adding staff. >> we've added staff and technology and we've also had the benefit of finally paying our workforce what every other federal employee would be paid for that kind of a job, and that has had a big difference in our ability to retain talent and so our retentionrates have gone up by 50%. so it's a significant improvement. >> so wh
phil lebeau brings us the details. phil? >> kelly, it's not just memorial that will be the busiest ever, this summer will be the busiest ever for the u.s. airports in term of the number of people who are going through the airports. in fact, the tsa says it will be an increase of 8% to 10% compared to the number of people who were flying next year. it starts next friday, the friday before memorial day with a bang. 2.9 million passengers are expected and we've been seeing a steady increase...
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May 22, 2024
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phil lebeau is here to break it down. phil, other than prices why are people holding on to their cars for so much longer now? >> reporter: because they can, i mean, these vehicles starting in the late '90s just after 2000 there was a dramatic improvement in reliability of vehicles not only in this country but around the world. as a result, it's not uncommon for someone to have a 15-year-old vehicle or 20-year-old vehicle, if you look at the population after vehicles in the u.s., those that are 16 years or older that's about. there are a lot of people who are driving around in very old vehicles and they're happy to do so because they don't have the monthly payment and they may have a much lower monthly cost on their hands. >> lower monthly costs the reality of old vehicles need to be repaired, is that still more effective than just straight out buying a new car? >> reporter: it really depends on what you're driving, how long you expect to drive it, how many miles you're going to put on it, at some point we have to make tha
phil lebeau is here to break it down. phil, other than prices why are people holding on to their cars for so much longer now? >> reporter: because they can, i mean, these vehicles starting in the late '90s just after 2000 there was a dramatic improvement in reliability of vehicles not only in this country but around the world. as a result, it's not uncommon for someone to have a 15-year-old vehicle or 20-year-old vehicle, if you look at the population after vehicles in the u.s., those...
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May 6, 2024
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phil, thank you. phil lebeau. >> i guess that makes me feel a lul little better. i don't know. it makes me question boeing a little bit more at this point. >> if you're not questioning boeing, there's probably something wrong with you. this should be a mini series. this is going to be on netflix within two to three years. the only reason why the stock is staying where it's at is because they have a duopoly. them and airbus. it would be trading, probably, in the 20s, if it was any other company. it's crazy to me they are only down 30% for the year. >> guy, at some point, isn't it so bad it's good to use a fred from carter braxton worth, the chart master? >> 100%. but i thought that, melissa, if i'm being honest, when the ceo stepped down and that stock went from basically $185 or so to $196, i'm like, that's it, you finally caught this thing cold and i thought it was headed to $220, $225. i understand exactly what steve's saying, but their defense portion of the business gets absolutely zero credit whatsoever in this environment. so, i'm with you, but i would have said that $20
phil, thank you. phil lebeau. >> i guess that makes me feel a lul little better. i don't know. it makes me question boeing a little bit more at this point. >> if you're not questioning boeing, there's probably something wrong with you. this should be a mini series. this is going to be on netflix within two to three years. the only reason why the stock is staying where it's at is because they have a duopoly. them and airbus. it would be trading, probably, in the 20s, if it was any...
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May 7, 2024
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> phil lebeau it is just crazy to think that this company loses more than $38,000 per vehicle it sells, right? it's mind blowing. >> put a long-term chart -- i remember when the stock was public and the conversations we had about it, the absurdity of the valuation, and people got mad at us. it's -- their cash on the balance sheet is where the stock is trading >> every day there's less. >> every car they sell >> $39,000 loss per car. that's hard to do. >> and i think thank god they didn't make more cars. >> so, the lifeline is apple, i guess. otherwise, there's no compelling to own the stock, i don't think. >>> let's stick with the ev space and dan says recent action in tesla may be creating an opportunity to short the stock so, dan, how are you playing this one >> yeah, and let's be clear, mel, i wouldn't short this with your money, but there's probably ways to do it in the options market i'm looking at put calendars and i'm really trying to target the july q-2 delivery date that will be the first week in july think back to about a month ago, when the company released their q-1 deliver
> phil lebeau it is just crazy to think that this company loses more than $38,000 per vehicle it sells, right? it's mind blowing. >> put a long-term chart -- i remember when the stock was public and the conversations we had about it, the absurdity of the valuation, and people got mad at us. it's -- their cash on the balance sheet is where the stock is trading >> every day there's less. >> every car they sell >> $39,000 loss per car. that's hard to do. >> and i...
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May 13, 2024
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plus phil lebeau on what potential tariffs could mean and arm and intel shares taking off today. kristina partsinevelos on what is behind that move. mike, this is, i guess, feels like a, let's say what the inflation report in the morning is weight. >> we sort of pulled into neutral in a way i think the rebound rally has been broad enough, both domestically and globally. treasury yields are down enough. so, you know, the prerequisites are there for the market to make a little more of it on a benign surprise from inflation. that said, i still don't feel as if we really have a coherent leadership story going on, either cyclical or fully defensive, and i think there's some doubts as to whether we flushed out enough to have a really exuberant jaunt beyond the olds highs, but we'll see. >> phil lebeau, what's going on with these ev makers and potential new tariffs? >> the white house has telegraphed this over the course of the last week, that there will be some type of tariffs likely announced this week, and that's moved shares of tesla, rivian, lucid, all higher because they know that
plus phil lebeau on what potential tariffs could mean and arm and intel shares taking off today. kristina partsinevelos on what is behind that move. mike, this is, i guess, feels like a, let's say what the inflation report in the morning is weight. >> we sort of pulled into neutral in a way i think the rebound rally has been broad enough, both domestically and globally. treasury yields are down enough. so, you know, the prerequisites are there for the market to make a little more of it on...
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May 8, 2024
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phil lebeau with some excellent reporting this morning i just think to sell it on this versus selling on the fundamentals is a mistake. it's a dangerous story dangerous. >> that's why you would expect reuters to take caution in reporting it in the first place. we'll watch it obviously, the other news, regarding tesla, is dispatching a top executive to china, the hopes for unveiling robo taxis over there in a certain time frame. >> i just feel like this sudden story about the excitement of robo taxi is not unlike the excitement of robo taxi that we saw in san francisco it's not unlike the excitement that we saw when hertz was going to buy 100,000 teslas. david, the excitement of robo taxi is a little bit of sizzle, not a lot of steak at this point, anywhere in the world >> no, well, it doesn't actually exist. >> right >> but the prospect of it is once again here. to connect these two, obviously, the s.e.c. and/or justice looking into comments and statements made years ago that indicated,of course, the possibility of full self-driving was around the corner, and by that, i mean, very clo
phil lebeau with some excellent reporting this morning i just think to sell it on this versus selling on the fundamentals is a mistake. it's a dangerous story dangerous. >> that's why you would expect reuters to take caution in reporting it in the first place. we'll watch it obviously, the other news, regarding tesla, is dispatching a top executive to china, the hopes for unveiling robo taxis over there in a certain time frame. >> i just feel like this sudden story about the...
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May 23, 2024
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>> good luck every quarter, i'll come on, and i will talk to phil lebeau and tell a very straight story, and i would immediately go to every agency, throw myself down and says, do what you want, i'm not stopping okay and look, if they -- if they do not release the negatives, then i'm tell i doing you, i will fid them and make them pay >> boeing's been a tough story, to our earlier point about transports holding the dow back. >> it's unbelievable name a new -- make me ceo. just make me ceo i will even quit my job. >> you'll do both? like jack dorsey >> just four hours right now that i do not know what to do between 12:00 and 4:00 rat night and i can do that job. >> the worst dow names are boeing, exceeded only by disney and intel. >> disney? >> to your point about intel, though -- >> where's peltz when we need him? intel is really -- that was such a mean comment, and i made it. i can't believe how mean that was. it's like the old cramer geez hey, karen, pick up. intel is down, correctly, because there's not a lot of room for pat pat, you know, pat pat's, whoa, no, not a lot of room they
>> good luck every quarter, i'll come on, and i will talk to phil lebeau and tell a very straight story, and i would immediately go to every agency, throw myself down and says, do what you want, i'm not stopping okay and look, if they -- if they do not release the negatives, then i'm tell i doing you, i will fid them and make them pay >> boeing's been a tough story, to our earlier point about transports holding the dow back. >> it's unbelievable name a new -- make me ceo. just...
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May 8, 2024
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about 3.5% phil lebeau is onset your thoughts on this report >> not surprising. i look at this report, and we've known the dodge was looking into autopilot and full self-driving, and i think it makes all the sense in the world that washington would come back and say, you have made comments, elon musk, or tesla, that essentially give the impression that it's 100% hands-free. the fine print, we've said this and everybody has said this. they are nowhere close to 100% autonomous vehicle technology, and they will say that in their fine print apparently what the dodj is saying, sure, in the fine print. but did you sell it? did you tell customers you basically will have autonomous driving? >> two questions how much of this is about what the company and musk has told investors about the prospects of self-driving and the speed with which it may be available? >> correct. >> versus, what was told to customers. which is to say there's certain teslas you can buy with the whole self-driving capabilities and people weretying that and putting up an extra fee in part because of t
about 3.5% phil lebeau is onset your thoughts on this report >> not surprising. i look at this report, and we've known the dodge was looking into autopilot and full self-driving, and i think it makes all the sense in the world that washington would come back and say, you have made comments, elon musk, or tesla, that essentially give the impression that it's 100% hands-free. the fine print, we've said this and everybody has said this. they are nowhere close to 100% autonomous vehicle...
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May 2, 2024
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i'm phil lebeau. we have a special earnings report we're going to talk about frontier airlines, which just reported q1 smaller than expected loss, better than expected revenue let's bring in barry biffle, ceo of frontier. when you look at the first quarter, there is a lot of concern about the consumer, especially on the lower end, pulling back are you seeing that at all >> no, we have not seen that, phil thanks for having us we have not seen a change in the consumer behavior at all it is very strong. >> so when you look at all of this, and the fact that you're trying to attract more business customers, you've introduced biz fares, the question i get about frontier is how much of this is leisure, how much of this can be business what are you noticing in terms of the take rate with biz fares? >> so, historically we have been about 4% to 5% business travel, which is primarily small and we would like to get that to, you know, closer to double that, high single digits, 10%, but we're seeing great take rate
i'm phil lebeau. we have a special earnings report we're going to talk about frontier airlines, which just reported q1 smaller than expected loss, better than expected revenue let's bring in barry biffle, ceo of frontier. when you look at the first quarter, there is a lot of concern about the consumer, especially on the lower end, pulling back are you seeing that at all >> no, we have not seen that, phil thanks for having us we have not seen a change in the consumer behavior at all it is...
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May 30, 2024
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phil lebeau will tell us how prices have climbed. 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! [crowd chanting] they ignored your potential, and mocked your ambition. but it's not the critic who counts. with every swing and block, your game plan never changed. ♪♪ some still call it luck. let them. because you know what it's always been. inevitable. ♪♪ ♪♪ >>> yesterday nimphil dad jeans lebeau told us about car leasing. and it is more and more expensive. 16% of new car buyers who finance are paying $1,000 or more per month. phil is joining us with more. hawaii, phil. >> dad jeans? we'll discuss this too time. we'll discuss this. let me throw some numbers at you. they won't surprise you. the average right now in terms o
phil lebeau will tell us how prices have climbed. 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! [crowd chanting] they ignored your potential,...
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May 29, 2024
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phil lebeau has a lot more for us on what's behind all of this. phil? >> the biggest reason is because of poor execution. they shot themselves in the foot to a certain extent, david. let's talk about the new warning regarding q2 earnings. they're going to be smaller than expected or lower than expected, now expect to earn a buck to a buck 15, down from 1.15 to 1.45, with research dropping as much as 6% compared to last year. previous guidance was research being down about 3%. we mentioned poor execution. yeah, there's some softness in the market, that's part of the pressure on the stock. but in terms of this warning, they talked about it this morning during the bernstein conference. he said, near-term bookings have hurt, and a big part of this is because they have lost corporate sales with a new approach that they instituted earlier this year. here's isem during the bernstein conference. >> we have to make sure our product is available for sale in all channels. and we're going to be making some changes very quickly. i think that is something that is imm
phil lebeau has a lot more for us on what's behind all of this. phil? >> the biggest reason is because of poor execution. they shot themselves in the foot to a certain extent, david. let's talk about the new warning regarding q2 earnings. they're going to be smaller than expected or lower than expected, now expect to earn a buck to a buck 15, down from 1.15 to 1.45, with research dropping as much as 6% compared to last year. previous guidance was research being down about 3%. we mentioned...
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May 15, 2024
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if only phil lebeau were here. oh, my gochld there he is. >> he's a host. >> countdown to cpi flangs area. ppi was hot yesterday and all that happened was the nasdaq went to an all-time high. as i said, one day after producer prices. it's wednesday, may 15th, 2024. and "squawk box" begins right now. ♪ >>> good morning and welcome to "squawk box" right here on cnbc. we are live at the nasdaq market site in times square. i'm andrew ross sorkin along with joe kernen. becky is off today. we have a lot going on. we've investigate a guest in the house. you might have heard his voice. we'll keep it as a advertise. nasdaq up about a point, the s&p 500 up about 2 points. yes, now we go from that to this. meme stocks. here's where
if only phil lebeau were here. oh, my gochld there he is. >> he's a host. >> countdown to cpi flangs area. ppi was hot yesterday and all that happened was the nasdaq went to an all-time high. as i said, one day after producer prices. it's wednesday, may 15th, 2024. and "squawk box" begins right now. ♪ >>> good morning and welcome to "squawk box" right here on cnbc. we are live at the nasdaq market site in times square. i'm andrew ross sorkin along with...
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May 28, 2024
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phil lebeau joins us now, so phil, why exactly could people benefit from leasing a new carater than just buying one? >> reporter: the payment's going to be lower that's the biggest difference. that said, the supply of vehicles available to be leased over the last three years has been very limited so your lease deals haven't been that great. that has changed as the chips supply for auto production has improved. >> you want to buy or own, whether it's house or a car, every time we talk times are changing, big picture, is it long term beneficial to lease rather than to buy? >> it depends on your situation. if you're somebody and you have a finite number of miles you know you're going be driving over the next three years leasing is a better option because you know you're not going to go over the mileage allowance. other times where buying makes more sense, it really depends on your personal situation, your financial situation, how much can you afford every month. and how long do you plan to keep the vehicle. >> phil, you talked about generally lower monthly payments how big of a deal are we
phil lebeau joins us now, so phil, why exactly could people benefit from leasing a new carater than just buying one? >> reporter: the payment's going to be lower that's the biggest difference. that said, the supply of vehicles available to be leased over the last three years has been very limited so your lease deals haven't been that great. that has changed as the chips supply for auto production has improved. >> you want to buy or own, whether it's house or a car, every time we...
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May 7, 2024
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. >>> we have another report surrounding the partnership between apple and rivian and phil lebeau is on set to talk about some of those details. >> this came out of asia talk about a potential partnership. immediately steve kovach with apple and me with rivian, we started running this up the tree didn't get any take at all i don't put any credence to this but it does raise the question, is apple completely done when it comes to the auto companies? remember, they have essentially shut down project titan. they're not going to plan on building a car adam jonas with morgan stanley brings up a great point in a note he put out today and essentially says this, although apple has confirmed it has nixed its apple car project, project titan, it does not mean there may not be any number of areas where apple's broader ai efforts could encompass the automotive value chain. is it possible that somebody in rivian in asia is having a conversation with somebody at apple? you bet. i would hope they're doing that. that's what auto companies are doing with tech companies every single day so, this report
. >>> we have another report surrounding the partnership between apple and rivian and phil lebeau is on set to talk about some of those details. >> this came out of asia talk about a potential partnership. immediately steve kovach with apple and me with rivian, we started running this up the tree didn't get any take at all i don't put any credence to this but it does raise the question, is apple completely done when it comes to the auto companies? remember, they have essentially...
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May 15, 2024
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phil lebeau has that story. >> this was a deferred prosecution agreement that the doj says that boeing has violated. so what does that mean? essentially, the announcement that came out late yesterday says that in the eyes oh of the doj, boeing violated the criminal settlement agreed to in 2021. the specific terms within that agreement that boeing had to meet over the course of the following three years. we're not even three years later, and now the doj, following the incident with alaska airlines and the door plug blowout is saying there could be new penalties and new restrictions. the doj's focus when it comes to looking at boeing is whether or not the company failed in its compliance programs, which were supposed to be put in place following the deferred prosecution agreement, as well as with ethics programs. in a statement, in response to the doj saying there may have been a criminal violation, boeing says -- >> they have until june 13th to respond as you look at shares of boeing, under a little bit of pressure today. the company is holding its virtual annual meeting on friday. i'm
phil lebeau has that story. >> this was a deferred prosecution agreement that the doj says that boeing has violated. so what does that mean? essentially, the announcement that came out late yesterday says that in the eyes oh of the doj, boeing violated the criminal settlement agreed to in 2021. the specific terms within that agreement that boeing had to meet over the course of the following three years. we're not even three years later, and now the doj, following the incident with alaska...
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May 29, 2024
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let's bring in phil lebeau for more. >> it depends on your interpretation. right now investorses have generally taking that negativity and applying it to most of the airline stocks. i don't say all of the airline stocks because you take a look at the big four right now, take a look at united, it is higher after affirming its guidance for the second quarter. the ceo talking today reiterating a lot of what he said previously in this quarter about what they are seeing in the market. so what is the story with american? late yesterday the company dropped a warning about what to expect for q2, lowering its expectations in terms of eps, revenue and margin. a couple issues here. one, softness in short haul domestic routes but also a far bigger issue in the eyes of many is the fact that they went to a more direct sales route away from the travel management companies, away from the agencies when it came to corporate sales. and guess what? they lost a lot of corporate sales. so as you look at shares of american over the last year, couple things have happen here. chief
let's bring in phil lebeau for more. >> it depends on your interpretation. right now investorses have generally taking that negativity and applying it to most of the airline stocks. i don't say all of the airline stocks because you take a look at the big four right now, take a look at united, it is higher after affirming its guidance for the second quarter. the ceo talking today reiterating a lot of what he said previously in this quarter about what they are seeing in the market. so what...
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May 17, 2024
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. >> all right, phil. thank you so much. phil lebeau reporting. we'll know the results of that vote sometime later today probably. >>> let's get to kate rogers for a news update. kate? >> tyler, the man convicted of attacking representative nancy pelosi's husband with a hammer was just sentenced. david depape received 50 years total on two charges, but the sentences will run concurrently. it amounts to 30 years behind bars. depape fractured paul pelosi's skull when he couldn't find the then-speaker at their san francisco home in 2022. he goes to trial onstate charges for attempted murder later this month. >>> actor alec baldwin could see charges dropped against him in the deadly on-set shooting of his film "rust." his attorneys just made their arguments. the judge is expected to rule next week. it follows the manslaughter conviction of the film's armorer, hannah gutierrez, who loaded the live round into the prop guidance that went off killing the cinematographer. >>> it could be the most famous napkin in history. the napkin signing a young lionel
. >> all right, phil. thank you so much. phil lebeau reporting. we'll know the results of that vote sometime later today probably. >>> let's get to kate rogers for a news update. kate? >> tyler, the man convicted of attacking representative nancy pelosi's husband with a hammer was just sentenced. david depape received 50 years total on two charges, but the sentences will run concurrently. it amounts to 30 years behind bars. depape fractured paul pelosi's skull when he...
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May 13, 2024
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phil lebeau joins us on the squawk newsline with more. i'm going to take your word for it that it's really you. >> it is me. it is not ai it is not a robot. this is an important vote, joe, because just a couple of weeks ago you had thevote. a few weeks ago workers in chattanooga, tennessee, to join the uaw. first south of the mason dixon land saying we want to join the uaw. what's going to happen in alabama. 5,100 workers at two plants near tuscaloosa voting between today and thursday the significance of this is, if this is the next domino, if you will, in the foreign automaker plants in the south that's going to call. about two-thirds of the vehicles built at this plant from mercedes are exported but it's a big plant. annual production 295,000 vehicles if the uaw were able to organize this plant, this would be another significant step towards reversing the decline in membership we've talked about this. talked about it when they were going through the big three negotiations last year look at this chart a steady decline, or has been a stea
phil lebeau joins us on the squawk newsline with more. i'm going to take your word for it that it's really you. >> it is me. it is not ai it is not a robot. this is an important vote, joe, because just a couple of weeks ago you had thevote. a few weeks ago workers in chattanooga, tennessee, to join the uaw. first south of the mason dixon land saying we want to join the uaw. what's going to happen in alabama. 5,100 workers at two plants near tuscaloosa voting between today and thursday the...
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May 17, 2024
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phil lebeau, sure we'll talk a lot more about it. thanks. >>> still to come, cfpb director joining us after the break talking about yesterday's supreme court ruling and much more. >>> and later, united states arlines regulators easing restrictions on its growth plant after a number of safety incidents this year. the former united ceo will join us. quk x"ilbeig bk."sawbo wl rhtac k can help your business. search talent all over the world with over 10,000 skills you may not have in house. more than 30% of the fortune 500 use upwork because this is how we work now. energy fuels, a leading american uranium producer, is ramping up production to supply expanding nuclear markets and diversifying into rare earth elements, key ingredients in many clean energy and defense technologies. glp-1 drugs used in weight loss treatments are a global blockbuster, even with unliked and inconvenient injections. more human study results for lexarias patented oral delivery technology are coming soon. lexaria bioscience. did i read this? oral delivery techno
phil lebeau, sure we'll talk a lot more about it. thanks. >>> still to come, cfpb director joining us after the break talking about yesterday's supreme court ruling and much more. >>> and later, united states arlines regulators easing restrictions on its growth plant after a number of safety incidents this year. the former united ceo will join us. quk x"ilbeig bk."sawbo wl rhtac k can help your business. search talent all over the world with over 10,000 skills you...
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May 30, 2024
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phil lebeau is here with some new surprising numbers and you've been tracking this, phil, getting worse? >> it actually has slightly -- when i say slightly, like $2 better in terms of monthly payment improved. it's not getting any better. substantially better. but the numbers from experian i love these numbers because this is what we are seeing when people are going out and they're financing a new auto loan. experian says in the first quarter generally speaking the average amount just over 40,000 was financed just over 67 months in terms of how long you would take the pay back the loan and average monthly payment when i say, sara, better, it was $738 a year ago. $3 less per month. but we are seeing the pace of sales, we're going to be at the best year since 2019. that's good news. having said that, look at the average number of people who are paying more than $1,000 a month for an auto loan. 16.1%. that is stunning in my opinion. 16.3%. a little bit better than last year, but this is a reflection not only of pricing on weeks veh versus -- vehicles, but the cost of financing. even with a
phil lebeau is here with some new surprising numbers and you've been tracking this, phil, getting worse? >> it actually has slightly -- when i say slightly, like $2 better in terms of monthly payment improved. it's not getting any better. substantially better. but the numbers from experian i love these numbers because this is what we are seeing when people are going out and they're financing a new auto loan. experian says in the first quarter generally speaking the average amount just...
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May 31, 2024
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want to get to our phil lebeau outside the stock exchange with a special guest. hey, phil. >> hey, carl, antonio filosa the ceo of jeep, on a day where you guys are saying to the new york stock exchange check out our first all electric model the wagoneer s. >> thank you for having us here with you it's a pleasure. it's an honor. it's very important to show to the world that we can do the perfect jeep with the capability of jeep with a lot of technology and unbelievable performance and be ev. one of the pilars of our strategy we call it freedom to choice freedom is number one original value that jeep as a brand embraces, right. freedom of choice means to give the market and consumer the opportunity to select plane many different options -- many, many different options of power train in the industry. seven different power train system options we can offer six in our range. this one will be ev only and it's a perfect jeep. >> did you wait too long to go all electric >> no. it's the perfect time. it's the perfect time. why i say that maybe you notice the consolidatio
want to get to our phil lebeau outside the stock exchange with a special guest. hey, phil. >> hey, carl, antonio filosa the ceo of jeep, on a day where you guys are saying to the new york stock exchange check out our first all electric model the wagoneer s. >> thank you for having us here with you it's a pleasure. it's an honor. it's very important to show to the world that we can do the perfect jeep with the capability of jeep with a lot of technology and unbelievable performance...
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May 17, 2024
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let's get to phil lebeau. >> we wait to count the votes. we except results between noon and 1:00 eastern time. might be a little later depending on how long it takes for the vote count to take place. when you look at what's at stake for mercedes, there's a lot at stake. the two plants that are voting have about 51,000 employees at these two plants in northeast alabama. the worker pay there averages between $23 and $34 an hour. the expectation is that if the uaw organizes these plants, that could go up another $5 to $7 an hour depending on the position and the contract that is worked out. for the uaw, this is a chance to reverse the decadeslong trend of losing membership as auto plants were downsizing for the big three over the last 40 or 50 years. 370,000 members right now. that's going to tick a little higher since they won the vote at vw last month in tennessee. i'm going to show you toyota and hyundai shares. the reason we're showing you this, there are two plants some suggested the uaw will next target. a hyundai plant in alabama, a toy
let's get to phil lebeau. >> we wait to count the votes. we except results between noon and 1:00 eastern time. might be a little later depending on how long it takes for the vote count to take place. when you look at what's at stake for mercedes, there's a lot at stake. the two plants that are voting have about 51,000 employees at these two plants in northeast alabama. the worker pay there averages between $23 and $34 an hour. the expectation is that if the uaw organizes these plants,...
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May 1, 2024
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phil lebeau has what this means for tesla and other maker who is rely on that network as well. >> yes, we'll talk about the auto makers who will make the supercharging standard the standard they can use for their vehicles as well in terms of the network it's considered by those with evs to be the gold standards in terms of number of places you can access it, which is 6,249 worldwide about 2,500 in the u.s. in terms of charging ports within those locations, worldwide more than 57,000 the estimate is that somewhere between 24 and 25,000 charging ports are here in the united states because it has been so successful and you can probably see tesla supercharging stations you don't see other charging networks you have now a number of automakers who said we're going with this standard, this year ford, gm, hyundai, mercedes, they are or will be in the process of adopting the standards. cnbc reached out to ford in the process of giving adapters to current owners that can be used at tesla supercharging sites they're not changing their plans at all looking at who will do it next year, toyota, hon
phil lebeau has what this means for tesla and other maker who is rely on that network as well. >> yes, we'll talk about the auto makers who will make the supercharging standard the standard they can use for their vehicles as well in terms of the network it's considered by those with evs to be the gold standards in terms of number of places you can access it, which is 6,249 worldwide about 2,500 in the u.s. in terms of charging ports within those locations, worldwide more than 57,000 the...
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May 10, 2024
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lebeau in chile just explaining, look, if you don't have any tariffs, they own the market very quickly. and when i saw that, i said, you know what? they won't stop. they will find a way to get through these guys they'll find a way to get these cars in, and then they'll just wipe -- they'll do exactly what bill ford said, not the ga, but the guy who runs ford -- he's the chairman they'll destroy our industry so, i think that you have to do this we just can't compete. $8,000 car never compete. >> that's in addition to what we've already put on to steel and aluminum in the last couple of months. >> okay. david. >> yes >> manchurian candidate? >> i don't know. they can raise capital here, but they can't sell their cars here. >> but isn't it incredible how open our markets are, and yet, try to do something over there >> no. these are the markets you still want to raise the capital in, our transparency, the rule of law, so many other reasons that are beneficial that's why our capital markets are still -- i sound like jamie dimon now -- the envy of the world. >> i'm working with jamie dimon.
lebeau in chile just explaining, look, if you don't have any tariffs, they own the market very quickly. and when i saw that, i said, you know what? they won't stop. they will find a way to get through these guys they'll find a way to get these cars in, and then they'll just wipe -- they'll do exactly what bill ford said, not the ga, but the guy who runs ford -- he's the chairman they'll destroy our industry so, i think that you have to do this we just can't compete. $8,000 car never compete....
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May 2, 2024
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let's get to phil lebeau today >> carl, take a look at shares of ford, april auto sales falling 2.4%, but the numbers in terms of the types of vehicles they sell, that's the most interesting thing here i.c.e. vehicles down 9.2%. where are people shifting? well, they're clearly shifting towards green vehicles, if you will ev sales in april, more than doubled compared to april of last year, up 129.2% hybrid sales, up 59.5% look at the f-150 hybrid, the maverick hybrid. hybrids and evsnow make up 14% of ford's monthly sales. a year ago, guys, it was 8%. we've said this about ford we've said abit about practicaly every legacy auto maker. there is a shift toward evs but more towards hybrids that is clearly coming through in the april sales numbers >> let me just ask you, phil, they, at ford, really decided to go -- they really did not emphasize ev on that last conference call. are they just clearing inventory at a low price is that what happened? >> in terms of evs or hybrids? >> ev. no, hybrid, they're doing great. i'm saying, whatever they did in ev, you know, they -- are the evs so low
let's get to phil lebeau today >> carl, take a look at shares of ford, april auto sales falling 2.4%, but the numbers in terms of the types of vehicles they sell, that's the most interesting thing here i.c.e. vehicles down 9.2%. where are people shifting? well, they're clearly shifting towards green vehicles, if you will ev sales in april, more than doubled compared to april of last year, up 129.2% hybrid sales, up 59.5% look at the f-150 hybrid, the maverick hybrid. hybrids and evsnow...
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May 29, 2024
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i want to get more on that from phil lebeau. good morning, phil. >> it has analysts saying is this specific to the airline or a canary in the coal mine? >> we'll talk numbers and why it's specific to american airlines. previously they manned on earning between a buck 13 and a buck 45 in the second quarter. now it's between a buck and a buck 15 with revenue down as much as 6% compared to last year. previous guidance, it would be down 1.3%. what's happened? a few things here. as the company has been strug struggling domestically on a couple of things, one, they've oriented toward much more soft haul traffic. but there's also been some issues when it comes to corporate traffic. they made a moving decision, to take away a lot of their corporate bookings interest third-party sites, agencies, and move them onto their own platforms. yesterday in addition to putting out this, robert isom was the architect, he's leaving the company. so roberts isome will be talking more about all of this in morning when he presents at bernstein's strateg
i want to get more on that from phil lebeau. good morning, phil. >> it has analysts saying is this specific to the airline or a canary in the coal mine? >> we'll talk numbers and why it's specific to american airlines. previously they manned on earning between a buck 13 and a buck 45 in the second quarter. now it's between a buck and a buck 15 with revenue down as much as 6% compared to last year. previous guidance, it would be down 1.3%. what's happened? a few things here. as the...
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May 22, 2024
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. >>> vehicles in the united states reaching an all-time high phil lebeau joins us with more what's the story, phil >> reporter: becky, take a look at this chart, because this is a snapshot of the american vehicles that are out on the road right now and you're seeing vehicles are at an all-time high in terms of average age. 12.6 years according to s&p global mobility. again, never higher than this. three things drive this. first, reliability of vehicles built after 2000, it's not uncommon to see a 2011 say rav4 on the road running well and new vehicle prices close a record high add in high financing costs. high insurance costs and a lot of people saying you know what good with what i'm driving right now. and slow ebitda adoption as many in a wait-and-see mode. >> i think there's still a lot of wait-and-see, if you want to jump into the electric market or see how the infrastructure and everything develops. >> that's the key. many people say, i'dd'd like to electric at some point average ages and three buckets here thing to focus on here, 6 to 15 the sweet spot for, do it yourself repair,
. >>> vehicles in the united states reaching an all-time high phil lebeau joins us with more what's the story, phil >> reporter: becky, take a look at this chart, because this is a snapshot of the american vehicles that are out on the road right now and you're seeing vehicles are at an all-time high in terms of average age. 12.6 years according to s&p global mobility. again, never higher than this. three things drive this. first, reliability of vehicles built after 2000, it's...
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May 28, 2024
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years of dealing with tight supply, the tables have finally turned but the question is for how long phil lebeau joins us with more what is the story when it comes to leasing >> a lot more popular than it used to be in part because of what you said, becky there's more supply and if there's greater supply there are people who are on that train, that three-year lease plan it was taken away because of the chip crisis. look what we have seen over the last three years remember, the chip crisis, it's severely constricted the new models out there, and as a result the number of people who were leasing -- this is the percentage of overall sales every year, it was down as low as 16% in 2022 now this year, year to date, back up to 23.7% as we mentioned, greater supply is what drives leasing activity. there was such a supply shortage of chips that the automakers were constricted in terms of what they could sell to dealers who would ultimately lease the vehicles the current monthly lease payments, because they are lower than auto loans as we have seen the monthly payment for new vehicles go north of $
years of dealing with tight supply, the tables have finally turned but the question is for how long phil lebeau joins us with more what is the story when it comes to leasing >> a lot more popular than it used to be in part because of what you said, becky there's more supply and if there's greater supply there are people who are on that train, that three-year lease plan it was taken away because of the chip crisis. look what we have seen over the last three years remember, the chip crisis,...