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it is extraordinary and microsoft has spent billions of dollars let's embedding openai technology into its products and rivals like meta and google are also working on their own chatbots and already rolling out new ai features. >> now back in february microsoft ai ceo mustafa suleiman predicted that we were on the verge of the most productive decade in human history. >> this is fundamentally a labor replacing technology in the long term. in the medium-term over the next decade, it's going to be labor augmenting. it will make people smarter, more productive, more efficient with their time, more accurate, with their engagements in working in an everyday office or organization? but in the very long term, that same ai is going to learn to do those tasks more effectively than a regular human. and that on its face should drive an enormous amount of value. that is good for everybody. we're going to see the most productive decade in the history of our species were able to do much, much more with less the question is, how does that value get redistributed? and the age old challenge. if we leave
it is extraordinary and microsoft has spent billions of dollars let's embedding openai technology into its products and rivals like meta and google are also working on their own chatbots and already rolling out new ai features. >> now back in february microsoft ai ceo mustafa suleiman predicted that we were on the verge of the most productive decade in human history. >> this is fundamentally a labor replacing technology in the long term. in the medium-term over the next decade, it's...
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May 18, 2024
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goldman sachs, microsoft, united health group and caterpillar where the top contributors to the ascent from 30,000. was a two thirds of the dow components have notched gains since crossing that mark on november 24, 2020. the movement is not driven by one sector or one stock, says the president of bolvin wealth management group. it is a broad-based rally. ray in pleasant view, tennessee. what is your top new story? caller: the law and order in this country. you are innocent until proven guilty. they have not proven that donald trump is guilty of anything. it is a farce. they are trying to keep them off the campaign trail. everybody can see that. the way this country is going, the things that happen in our society, law and order, criminals and all this, it's a mess. it is because of joe biden. nobody else besides him. things were going right under donald trump. as far as donald trump being a liar, the economy was at 9.4% when he took office. host: what do you mean at 9.4? you mean the inflation rate? do you mean the inflation rate was a one -- 9.4%? caller: the inflation rate was at 1.4%
goldman sachs, microsoft, united health group and caterpillar where the top contributors to the ascent from 30,000. was a two thirds of the dow components have notched gains since crossing that mark on november 24, 2020. the movement is not driven by one sector or one stock, says the president of bolvin wealth management group. it is a broad-based rally. ray in pleasant view, tennessee. what is your top new story? caller: the law and order in this country. you are innocent until proven guilty....
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May 18, 2024
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goldman sachs, microsoft, united health group and caterpillar where the top contributors to the ascent from 30,000. was a two thirds of the dow components have notched gains since crossing that mark on november 24, 2020. the movement is not driven by one sector or one stock, says the president of bolvin wealth management group. it is a broad-based rally. ray in pleasant view, tennessee. what is your top new story? caller: the law and order in this country. you are innocent until proven guilty. they have not proven that donald trump is guilty of anything. it is a farce. they are trying to keep them off the campaign trail. everybody can see that. the way this country is going, the things that happen in our society, law and order, criminals and all this, it's a mess. it is because of joe biden. nobody else besides him. things were going right under donald trump. as far as donald trump being a liar, the economy was at 9.4% when he took office. host: what do you mean at 9.4? you mean the inflation rate? do you mean the inflation rate was a one -- 9.4%? caller: the inflation rate was at 1.4%
goldman sachs, microsoft, united health group and caterpillar where the top contributors to the ascent from 30,000. was a two thirds of the dow components have notched gains since crossing that mark on november 24, 2020. the movement is not driven by one sector or one stock, says the president of bolvin wealth management group. it is a broad-based rally. ray in pleasant view, tennessee. what is your top new story? caller: the law and order in this country. you are innocent until proven guilty....
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May 18, 2024
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organisers say they believe wales is the first european nation to use this approach to microsoft as a tourist destination. a robot designed to mimic the motion of a snail has been developed by researchers at the university of bristol. the team fitted the robot for a sliding suction mechanism enabling the device to slide on water, a substitute for a snail �*s mucus which also acts as an adhesive. the discovery opens the potential but robust to client difficult to access services such as the blades of wind turbines or beholds of ship. this is touched with a bit like rugby but that we tackle players i touched to get control of the ball. if the defendants have not intercepted after six touches, they get the attackers. it is fast and the rap has to be everywhere at once. and deal with things like this. , , ., ., ., this. yes he is. how far longer itched this. yes he is. how far longer pitched you — this. yes he is. how far longer pitched you want _ this. yes he is. how far longer pitched you want him - this. yes he is. how far longer pitched you want him to - this. yes he is. how far l
organisers say they believe wales is the first european nation to use this approach to microsoft as a tourist destination. a robot designed to mimic the motion of a snail has been developed by researchers at the university of bristol. the team fitted the robot for a sliding suction mechanism enabling the device to slide on water, a substitute for a snail �*s mucus which also acts as an adhesive. the discovery opens the potential but robust to client difficult to access services such as the...
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May 17, 2024
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but as soon as openai went into business with microsoft and microsoft put chatbots into bing, google had no choice. so i think the competition is going to cause these things to be developed rapidly and the competition means that they won't put enough effort into safety. people, parents talk to their children, give them advice on the future of the economy — whatjobs they should do, what degrees that they should do. it seems like the world's being thrown up in the air by this, by the world that you're describing. what would you advise somebody to study now to kind of surf this wave? i don't know, because it's clear that a lot of a lot of mid—level intellectualjobs are going to disappear. if you ask which jobs are safe, my best bet about a job that's safe is plumbing. because these things aren't yet very good at physical manipulation. that'll be probably be the last thing they're very good at. and so i think plumbing is safe for quite a long time. driving? not driving, no. you know, that's that's hopeless. that's i mean, that's been slow. journalist? journalism might last a little b
but as soon as openai went into business with microsoft and microsoft put chatbots into bing, google had no choice. so i think the competition is going to cause these things to be developed rapidly and the competition means that they won't put enough effort into safety. people, parents talk to their children, give them advice on the future of the economy — whatjobs they should do, what degrees that they should do. it seems like the world's being thrown up in the air by this, by the world that...
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May 17, 2024
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we start off with big tech events, microsoft build developers conference and nvidia earnings, microsoft society to give updates on its marquee a.i. assistant co pilot, the company expected to show out of a new line of pcs before build officially kicks off. first to nvidia's report, expected to say eps more than quintupled a year ago given by demand for a.i. products, shares up nearly 40% since it last posted results in more than 85% already this year, but are those gains at risk if it disappoints on wednesday, could the markets gains be at risk as well, guy. >> the only disappointment we're coming in the form of guidance, pretty obviously, or margins, if margins start to decline sequentially then you'll have a problem. the market will say, okay, peak margins last quarter, 70%, this is the other side of it, now in terms of revenue and their eps. eps, which is fantastic. but not commensurate to back up price to sales and price to earnings, then the stock might be this trouble. short of that, i think it's fine. with that said, i'll go back to it again, despite the fact that the stock's had
we start off with big tech events, microsoft build developers conference and nvidia earnings, microsoft society to give updates on its marquee a.i. assistant co pilot, the company expected to show out of a new line of pcs before build officially kicks off. first to nvidia's report, expected to say eps more than quintupled a year ago given by demand for a.i. products, shares up nearly 40% since it last posted results in more than 85% already this year, but are those gains at risk if it...
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May 17, 2024
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i think, look, there's great opportunities for both microsoft and google to compete. i don't think this is going to end up being so much a zero sum gape as it will be about, you know, maybe there's new businesses that emerge and there's going to have to be some shifts in business models and then thinking about those leaders and the way that they're going to position the companies, i think just makes sense. these are good battles that are going to play out for the next few years if not a decade and so it's going to be exciting to watch. >> let's turn our attention lastly to apple before i let you go just because we're going to -- as we get ink very mentally closer to wwdc, we'll be talking more about it. we did have some reporting this week regarding their own aspirations as well related to siri, how are you thinking about that story? >> yeah, so here are my thoughts, look, we have been waiting for apple to make some significant announcements, and without question, i think the perception is apple has fallen behind when it comes to a.i. now, look, apple has its own issu
i think, look, there's great opportunities for both microsoft and google to compete. i don't think this is going to end up being so much a zero sum gape as it will be about, you know, maybe there's new businesses that emerge and there's going to have to be some shifts in business models and then thinking about those leaders and the way that they're going to position the companies, i think just makes sense. these are good battles that are going to play out for the next few years if not a decade...
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May 17, 2024
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advanced micro devices trading up on a reuters report that microsoft is planning to offer amd a.i. chips to customers as an alternative to nvidia. the report said microsoft will provide details at its build developer conferences which is next week. shares of cracker barrel tumbling after the restaurant chain cut its dividend by 80%. it's going there from $1.30 a share to 25 cents. the company needs to shore up capital to support a rebrand and a turn-around. stock's down 14%. >>> well, dangers on the red sea forcing a major change of course for energy shippers. the ceo of ten limited is here to tell us what war in the middle east means for one of the biggest operators of oil, lng and product tankers. it's a fox business exclusive. let's check the dow right now on the heat map. 39,97 -- 39,973 is the overall level. about two-thirds of stocks in the green, about one-third in the red. amgen down despite really positive news from the fda on one of its cancer drugs for lung cancer. stock's down $2 right now. it's the biggest drag. "claman count countdown" coming right back. ♪ >> finish
advanced micro devices trading up on a reuters report that microsoft is planning to offer amd a.i. chips to customers as an alternative to nvidia. the report said microsoft will provide details at its build developer conferences which is next week. shares of cracker barrel tumbling after the restaurant chain cut its dividend by 80%. it's going there from $1.30 a share to 25 cents. the company needs to shore up capital to support a rebrand and a turn-around. stock's down 14%. >>> well,...
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and i've owned microsoft for years. i think -- you know, there's also a buzz about this microsoft build conference that's coming up i think next week. all the other sort of big tech companies have been having their rollouts. we're looking to hear more from them then. i think there are more ways to win in the ai space with microsoft than virtually any other company out there. azure and their cloud business, their generative ai, it's -- and they're moving to subscriptions there, i think just looks strong all the way around. it's really hard i think, tyler, to understand what the effects of ai are going to be. if you -- if you explain what chatgpt could do, and ladies and gentlemen, if you haven't signed on to chatgpt and asked it a question or to write an essay or a letter or anything, it's going to blow your mind if you haven't done it. >> perplexity is the same way. another -- it's another version. >> perplexity, yes. so this is a technology that adds to that equation of productivity. if gdp growth is the addition of yo
and i've owned microsoft for years. i think -- you know, there's also a buzz about this microsoft build conference that's coming up i think next week. all the other sort of big tech companies have been having their rollouts. we're looking to hear more from them then. i think there are more ways to win in the ai space with microsoft than virtually any other company out there. azure and their cloud business, their generative ai, it's -- and they're moving to subscriptions there, i think just...
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May 17, 2024
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do the math there, see how much microsoft is making. one thing everyone agreed on, tools like copilot will improve and become another tool in modern work life like email is today this isn't some dreamy fad like the metaverse and next week we're expecting to get the latest updates along with a slew of other announcements. customers or potential customers are hoping for cheaper pricing options, scott. >> well, i guess when you have first mover advantage, so to speak, you get to charge a premium, and then we see how everything sort of shakes out. steve, thanks. steve kovach, we'll look for you covering this throughout the day. jason snipe, how about this microsoft? >> yeah, so, you mentioned it, scott. first mover advantage, and i think it's been quiet around their story lately. i think google and meta and amazon have kind of taken the lead in terms of just where the conversation around the market is going. i think a lot of these new technologies are always expensive to start. the focus is going to be on productivity. once productivity inc
do the math there, see how much microsoft is making. one thing everyone agreed on, tools like copilot will improve and become another tool in modern work life like email is today this isn't some dreamy fad like the metaverse and next week we're expecting to get the latest updates along with a slew of other announcements. customers or potential customers are hoping for cheaper pricing options, scott. >> well, i guess when you have first mover advantage, so to speak, you get to charge a...
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May 17, 2024
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microsoft avoids a u.k. antitrust probe for its partnership with mistral ai. a watchdog group reversed their decision saying microsoft does not have the ability to "materially influence mistral's commercial policy." caroline: quite the frenzy at the start of the weekend, the meme stocks. that's coming to a halt. gamestop falling for a third conservative day. let's break it down. gamestop and amc really soaring at the beginning of the week. amc made the most of it and now gamestop is trying to make the most of it. >> they were able to capitalize that, raising money through sales of new shares. they announced a debt for equity swap. gamestop, to be fair, doesn't really have debt. it seems like gamestop is trying to move to capitalize on the rally. not up the 270% it was at the start of the week, tuesday. caroline: fundamental news, unlike what has driven this rally. they preannounced their earnings. ed: missed what wall street had penciled in. it's not like we can say there are dozen analysts sharpening their pencils. it is slowing. they are focused on getting b
microsoft avoids a u.k. antitrust probe for its partnership with mistral ai. a watchdog group reversed their decision saying microsoft does not have the ability to "materially influence mistral's commercial policy." caroline: quite the frenzy at the start of the weekend, the meme stocks. that's coming to a halt. gamestop falling for a third conservative day. let's break it down. gamestop and amc really soaring at the beginning of the week. amc made the most of it and now gamestop is...
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May 17, 2024
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microsoft, meta down slightly. 10-year treasury yield moving around the 440 level and now at 439. and now this: twice the president got the inflation rate wrong. twice he said inflation was raging at 9% when he first walked into the oval office. he was wrong, it was 1.4%. so his top economic adviser jared bernstein could have easily corrected the president's mistake and wouldn't do it. my colleague neil cavuto took him to the wood shed. this is must see tv. roll it. >> ya kept you just say, it got as high as 9%. you'd be accurate in saying that and we've now brought it down around the 3% area but better than it was. you haven't answered my question and i've asked it five times, five ways. >> president was making the point that the factors that caused inflation were in place when he took office. that's unequivocally true. >> but you're picking and choosing the data that supports your view of inflation. >> how am i cherry picking the data? i started this interview talking about people struggling with prices that are too high. i then told you a fact that apparently you're not getting
microsoft, meta down slightly. 10-year treasury yield moving around the 440 level and now at 439. and now this: twice the president got the inflation rate wrong. twice he said inflation was raging at 9% when he first walked into the oval office. he was wrong, it was 1.4%. so his top economic adviser jared bernstein could have easily corrected the president's mistake and wouldn't do it. my colleague neil cavuto took him to the wood shed. this is must see tv. roll it. >> ya kept you just...
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May 17, 2024
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microsoft and google, micr, microsoft has 14 billiont quarter, 12 billion last quarter. it is a scale game with a lot of competition at that level. stuart: thanks for joining us. see you later. lauren is looking at the movers. microsoft is moving down. lauren: a great story from the wall street journal. they plan to put the new call of duty a video game on their subscription service, used to be if you want it you buy it, that would be a huge shakeup of microsoft's strategy. now they own it, the deal has cleared. activision is the maker of call of duty, a huge franchise, lifetime revenue of $30 billion and you have to subscribe to get it. that's a game changer. stuart: stock is down. lauren: bank of america double upgraded, price target $24. retail engagement that peaked three years ago and declined and came back a little bit is all good for robin hood. very bullish on them. a double upgrade, robin hood stock is up 7%. stuart: cracker barrel is different. lauren: stock is down 15%. they cut the dividend or to their restaurant and brand overhaul. stuart: stock is down 14%,
microsoft and google, micr, microsoft has 14 billiont quarter, 12 billion last quarter. it is a scale game with a lot of competition at that level. stuart: thanks for joining us. see you later. lauren is looking at the movers. microsoft is moving down. lauren: a great story from the wall street journal. they plan to put the new call of duty a video game on their subscription service, used to be if you want it you buy it, that would be a huge shakeup of microsoft's strategy. now they own it, the...
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May 17, 2024
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microsoft, have we got it. lauren: microsoft is up a bit. stuart: microsoft is taking on nvidia. the question is, how are they doing that? lauren: by partnering with amd which is up % -- 3% on this news. so microsoft if will use, will offer their azure customers, i'm sorry, the option of using a.i. chips from amd. they use nvidia a lot now, so amd chips are are ease consumer to get. a america d is up almost 3%, microsoft if flat. nvidia should be lower. stuart: more on microsoft, they pack openark i -- openai, partnered with reddit. what's that about? lauren: chatgpt. reddit has this loyal, rabid community of loyalistsful they have these natural, human conversations. it's like realtime information. it's quite good. and that, that context, those conversations are being used to train chatgpt. in exchange, reddit gets more a.i. features from openai. this is a data the licensing deals. they are a new stream of revenue for reddit which just went public and is unprofitable. this could change thing things. they have 82 million users. stuart: that's a lot of users. lauren: active users.
microsoft, have we got it. lauren: microsoft is up a bit. stuart: microsoft is taking on nvidia. the question is, how are they doing that? lauren: by partnering with amd which is up % -- 3% on this news. so microsoft if will use, will offer their azure customers, i'm sorry, the option of using a.i. chips from amd. they use nvidia a lot now, so amd chips are are ease consumer to get. a america d is up almost 3%, microsoft if flat. nvidia should be lower. stuart: more on microsoft, they pack...
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May 17, 2024
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goldman first, microsoft second. laggards were 3m, nike, and disney. >> 3m, mike came in, he was given a bad hand. and wow. he's come back with a vengeance. he's created a company that's ready to accelerate. that's all on him because he got a bad hand. it looked like a good hand. i mean, it looked like he was playing -- people looked like the 2s and 7s were wild. it turned out they weren't wild. he had a bad hand, but he's augmented it. and i take a look at some of these guys. let's take a guy like mike worth. mike worth is an oil guy, but mike decided capital discipline, and let's give back in dividend and let's not blow the company up buying anadarko. these guys are meaningful. and you're going to say jamie dimon was the principal beneficiary of the fed rate cuts and also principal beneficiary of raed hikes? no. i talk about the great theory, but i'm saying there are people who do more. look at the hand that bob iger got. that's a bad hand. but it was an iger hand. there was a stop, there was a guy in there. a pit
goldman first, microsoft second. laggards were 3m, nike, and disney. >> 3m, mike came in, he was given a bad hand. and wow. he's come back with a vengeance. he's created a company that's ready to accelerate. that's all on him because he got a bad hand. it looked like a good hand. i mean, it looked like he was playing -- people looked like the 2s and 7s were wild. it turned out they weren't wild. he had a bad hand, but he's augmented it. and i take a look at some of these guys. let's take...
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May 17, 2024
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there are more than 80 speakers from companies like microsoft, airbnb, expedia and adobe. >> so the conference is really to help empower latinas that are in the world of tech. we're trying to break into tech. the conference in itself and the workshops that we'll have will cover a variety of topics. >> today is the last day of the conference. another major attraction is coming to west oakland. first the oakland ballers and now a food hall. the so-called prescott market is under development inside a 100 year old building next to raymond field. the hall will feature food and business, food and beverage businesses, award winning almanac beer company is the first major tenant in the vintage 12,000 square foot building. >> it's got all the original brick. you can see the curvature of the building where the railroad used to run by, and for us, all those things are so attractive and make for a unique space and a unique place for people to visit. >> the almanac west oakland taproom will also have an outdoor beer garden with room for 300 people. if everything goes according to plan, the hall and tap and
there are more than 80 speakers from companies like microsoft, airbnb, expedia and adobe. >> so the conference is really to help empower latinas that are in the world of tech. we're trying to break into tech. the conference in itself and the workshops that we'll have will cover a variety of topics. >> today is the last day of the conference. another major attraction is coming to west oakland. first the oakland ballers and now a food hall. the so-called prescott market is under...
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May 17, 2024
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microsoft that is obvious but over the coming 10 years going to have to figure out who are dwrurs where, cases productivity growth you never know where it is going to be. >> i like your optimism great to talk to you about as you for being here texas law enforcement, over control of the island texasering rangers secured from it cartels, we have the story you are watching "mornings with maria" live on fox business. stay with us. while i am a paid actor, and this is not a real company, there is no way to fake how upwork can help your business. upwork is half the cost of our old recruiter and they have top-tier talent and everything from pr to project management because this is how we work now. maria: welcome back, texas rangers taking back the island from mexican cartel control under operation lone star this happened last year, this piece of land, sits between texas and mexico in the rio grande river the administration is now threatening to push out texas state officials remove border security officials arguing the island is federal property joining me texas land commissioner dr. buckingha
microsoft that is obvious but over the coming 10 years going to have to figure out who are dwrurs where, cases productivity growth you never know where it is going to be. >> i like your optimism great to talk to you about as you for being here texas law enforcement, over control of the island texasering rangers secured from it cartels, we have the story you are watching "mornings with maria" live on fox business. stay with us. while i am a paid actor, and this is not a real...
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there are more than 80 speakers from companies like microsoft, airbnb, expedia and adobe. and today is the last day of the conference. next, at six, is san francisco's homeless crisis improving or not? new data clearing up any confusion just days after the city said there was major improvement, a short lived encampment by pro-palestinian protesters is already shut down. >> we're going to show you how it ended and we'll take you to a live look. >> the tam cam that sun about to get up over the horizon. we do have that fog early on this morning. our marine layer breaks down between 9 a.m. and noon for sunny skies and a breezy you can make the stars align. because when we come together, hope and joy will shine. help us make every wish come true. ♪ ♪ mornings live now at six. >> a pro-palestinian takeover that happened blocks from cal's campus. gone. why? the issue is far from over, and we're getting some clarification about
there are more than 80 speakers from companies like microsoft, airbnb, expedia and adobe. and today is the last day of the conference. next, at six, is san francisco's homeless crisis improving or not? new data clearing up any confusion just days after the city said there was major improvement, a short lived encampment by pro-palestinian protesters is already shut down. >> we're going to show you how it ended and we'll take you to a live look. >> the tam cam that sun about to get up...
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something they want from microsoft. make it more like that. >> steve, thank you appreciate it. >> more to come next week. >>> when we come back, focus on elon musk's pay package worth tens it of billions of dollars. shareholders ready to vote whether or not to the reinstate it after struck down by a judge. talk all about the story in a few minutes. stay tedun. you're watching "squawk box" and this is cnbc. in any business, you ride the line between numbers and people. what's right for the business and what's best for everyone who depends on it. solving today's challenges while creating future opportunities. it takes balance. cla - cpas, consultants, and wealth advisors. we'll get you there. it's your time to cache in... so don't just play... stay at northern california's premier casino resort. book your getaway now... ...at cachecreek.com. it's time to get away. northern california's premier casino resort is the perfect place... ...to do as much -or as little- as you want. cache in at cache creek casino resort. although
something they want from microsoft. make it more like that. >> steve, thank you appreciate it. >> more to come next week. >>> when we come back, focus on elon musk's pay package worth tens it of billions of dollars. shareholders ready to vote whether or not to the reinstate it after struck down by a judge. talk all about the story in a few minutes. stay tedun. you're watching "squawk box" and this is cnbc. in any business, you ride the line between numbers and...
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May 17, 2024
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property. >> it is pockets, there's plenty of ceos that are not making these moves but the move for microsoft is important because it shows one of the key features of what is going to take for companies to reposition it's not just going to be about living supply chains were moving staff and business units trying to get things out of harms way any ceo or business leader watching what's going on between russia and china, that should be enough to understand what geopolitics is really going this will not be solved by more meetings between the u.s. cavity and xi jinping, what they're doing is very clear we need to have companies moving out of harm's way and shareholders holding companies that are accepting better corporate strategy and realizing companies are to be in the center of the situation in the wall street journal article hinted that very strongly say there to be collateral damage in the u.s. china relationship and we've been talking about that for very long time, the real concern is we have a market event we have a lot of american businesses that do not understand what geopolitics is real
property. >> it is pockets, there's plenty of ceos that are not making these moves but the move for microsoft is important because it shows one of the key features of what is going to take for companies to reposition it's not just going to be about living supply chains were moving staff and business units trying to get things out of harms way any ceo or business leader watching what's going on between russia and china, that should be enough to understand what geopolitics is really going...
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May 17, 2024
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american express, goldman sachs, caterpillar and microsoft. we're also looking at the other major averages with new highs as we
american express, goldman sachs, caterpillar and microsoft. we're also looking at the other major averages with new highs as we
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May 17, 2024
05/24
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microsoft on a point basis, microsoft has helped the dow pick up toward that 40,000 point mark. if you want to talk about percentage gainers, salesforce being big increases on that front and goldman sachs looking to doubling in the time span since october 27, 2022, so significant moves on that side as well. the dow notching that 14,000-point mark and has been able to find that spot again today and stay above it, will it? we will see. speaking of which, futures today. what you're seeing on that picture. slight retreat. looks like it could be in play. maybe we don't necessarily hit up that 40,000-point mark on the dow. s&p looks like it could be negative. the chief economist is joining us. not necessarily equities but what do you think would move the needle right now? is it more economic data or does the world worry about corporate a.i. spend, the earnings season a little bit more. do we worry about which one do you think is more significant today? >> well, for me as an economist, the answer is obvious. i look at the fundamentals and i know as an economist, the day-to-day' often t
microsoft on a point basis, microsoft has helped the dow pick up toward that 40,000 point mark. if you want to talk about percentage gainers, salesforce being big increases on that front and goldman sachs looking to doubling in the time span since october 27, 2022, so significant moves on that side as well. the dow notching that 14,000-point mark and has been able to find that spot again today and stay above it, will it? we will see. speaking of which, futures today. what you're seeing on that...
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May 16, 2024
05/24
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i mean, look at apple and microsoft and nvidia and all these stocks that people find so sexy and they're bidding them up until the trillion dollar valuation. but economists are also seeing people who are saving money in their 401. s and retirement accounts. and that's why not only did the dow hit a record high this week, and the nasdaq, which is full of tech stocks, but the s&p 500, a much broader range of stocks. and that's where people will invest for the long term for their retirement account or college funds. and that's why even the s&p 500 is hitting record highs, because people are not just buying those individual stocks that they think will go up. they're saying, i want to invest in our nation's economy for the long term. and so we're seeing the markets on a very wide scale hitting record highs this week all across the board okay. so a lot of people investing. so how about our 401 k's. how are they doing. they're probably doing very well because generally a 401 k is something that's invested in a whole big basket of stocks. so it doesn't matter if you're seeing nvidia go up $50 on
i mean, look at apple and microsoft and nvidia and all these stocks that people find so sexy and they're bidding them up until the trillion dollar valuation. but economists are also seeing people who are saving money in their 401. s and retirement accounts. and that's why not only did the dow hit a record high this week, and the nasdaq, which is full of tech stocks, but the s&p 500, a much broader range of stocks. and that's where people will invest for the long term for their retirement...
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May 16, 2024
05/24
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closed for the first time over 40,000 and the move from 30,000 to 40,000 was led by goldman sachs, microsoft, united health and caterpillar, very diverse group and in addition to earnings, luke warm cpi inflation data released yesterday that stoked enthusiasm and stoking the trade and pricing a 68% chance of first rate cut in september. bond yields are lifting off six-week lows. larry, back to you. larry: great stuff, gerri, appreciate it as always. all right, folks, phony cbo inflation report that cover up for harmful effects of bidenomics joining me now talking about it is art laffer, great art laffer. former reagan economist and we welcome back texas congressman and budget chairman jodie arrington. let me get this right, phil swagle, the ceo director, he's a republican. i don't know what he's doing, but he's covering up biden inflation by using 2019 as a base instead of 2021. i and numbers. hear me out, i'll be through with it in a second. actually inflation rate under biden annualized is 5.6% at annual rate. under mr. trump's four years, this is biden three years and one quarter. under t
closed for the first time over 40,000 and the move from 30,000 to 40,000 was led by goldman sachs, microsoft, united health and caterpillar, very diverse group and in addition to earnings, luke warm cpi inflation data released yesterday that stoked enthusiasm and stoking the trade and pricing a 68% chance of first rate cut in september. bond yields are lifting off six-week lows. larry, back to you. larry: great stuff, gerri, appreciate it as always. all right, folks, phony cbo inflation report...
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May 16, 2024
05/24
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pervading what we call horizontal use cases in things like google gemini and things like copilot from microsoft and chatgpt. the next phase will be ai starting to pervade what we call industry use cases. ai will become embedded into software applications that are used in functions so the enterprise like sales or client services or hr. then you will cai moving into vertical applications where we see it used in health care or manufacturing or financial services. we will see wide ai pervasively being used in all these different kinds of applications. quantum will come even beyond -- we now have ai assisting in jobs in these different vertical use cases and that will happen over the next couple of years. quantum we won't see widely used for many, many years. where we will start to see quantum processing very complicated workloads. workloads that are around is like simulation. workloads that are around areas like advanced security. and for quite some time, we are not -- quantum is not going to be something that individuals or even large-scale enterprises are touching to a large degree. the big chang
pervading what we call horizontal use cases in things like google gemini and things like copilot from microsoft and chatgpt. the next phase will be ai starting to pervade what we call industry use cases. ai will become embedded into software applications that are used in functions so the enterprise like sales or client services or hr. then you will cai moving into vertical applications where we see it used in health care or manufacturing or financial services. we will see wide ai pervasively...
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May 16, 2024
05/24
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. >> there are more than 80 speakers from companies like microsoft, expedia, and adobe, with sponsors including google and salesforce. >> we are one third of the silicon valley population, and we need to be more present in these kind of issues and just to be more salient and represent ourselves and to be representatives of our own community so recruiters can interview candidates at these interview pods and even hire on the spot at the conference continues tomorrow virtually in san francisco. gloria rodriguez, abc seven news. >> and that's it for abc seven news at four, abc seven news at five is coming teacher: ...but it's still true. there are four states of matter. there are solids, liquids, gases... teacher: trevor? teacher: not quite? plasma. teacher: lights please. teacher: now, states of matter are comprised of relationships between molecules. teacher: molecules' relationships... nicotine's a neurotoxin that can escalate teen anxiety. teacher: saved by the bell! ♪ (ominous music) ♪ a slow network is no network for business. that's why more te choose comcast business. and now,
. >> there are more than 80 speakers from companies like microsoft, expedia, and adobe, with sponsors including google and salesforce. >> we are one third of the silicon valley population, and we need to be more present in these kind of issues and just to be more salient and represent ourselves and to be representatives of our own community so recruiters can interview candidates at these interview pods and even hire on the spot at the conference continues tomorrow virtually in san...
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May 16, 2024
05/24
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the company is also launching its own advertising platform and will no longer partner with microsoft for that technology. netflix plans to launch the ad tech in the us next year. >> pixar fans can soon step inside the fashion lab of edna mode. the incredibles characters mansion is coming to life as an airbnb property on the sunset strip in los angeles. it's not an overnight stay, but a visit. san francisco based airbnb says guests can design their own customized super suit, explore edna's wardrobe and try on her accessories. fans can sign up for a chance to book a visit starting next friday. the price, though, is not disclosed. >> i bet you it costs you know, a couple couple bucks for that. these themed airbnbs are really a deal now. they are all right in our ktvu idea of the day, we asked image generator midjourney to pay homage to an iconic fox show and show us an x-files themed airbnb. and here is what it came up with here. looks like kind of a spooky setting you would expect with mulder and scully, you want to spend a night in that? it looks a little. a little, yeah. >> i don't k
the company is also launching its own advertising platform and will no longer partner with microsoft for that technology. netflix plans to launch the ad tech in the us next year. >> pixar fans can soon step inside the fashion lab of edna mode. the incredibles characters mansion is coming to life as an airbnb property on the sunset strip in los angeles. it's not an overnight stay, but a visit. san francisco based airbnb says guests can design their own customized super suit, explore edna's...
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May 16, 2024
05/24
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previously they worked with microsoft's advertising analytics division. i think they found greener pastures. investors seized on the trade desk's involvement as particularly important because this is a proven outfit with a good track record and that's why the stock jumped 4.7% yesterday, tacked on another 3% today. there's the obvious benefit, which is trade desk getting more business for netflix, which is paying them to attract ads. but remember, this company also works with advertisers. they have a two-sided marketplace. so the netflix deal helps the other side of the business too. they now have another high-quality digital destination they can finesse for their advertising customers. morgan stanley's research department was partly effusive this morning saying the netflix selection of trade desk, and i quote, speaks to the increasing importance of the trade desk within the advertising base video on demand ecosystem, end quote. they also note this is the fourth new or expanded partnership the trade desk landed just in the past two months following recent
previously they worked with microsoft's advertising analytics division. i think they found greener pastures. investors seized on the trade desk's involvement as particularly important because this is a proven outfit with a good track record and that's why the stock jumped 4.7% yesterday, tacked on another 3% today. there's the obvious benefit, which is trade desk getting more business for netflix, which is paying them to attract ads. but remember, this company also works with advertisers. they...
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May 16, 2024
05/24
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the move from 30,000, from 30,000 to 40,000 was head by goldman sachs, microsoft, unitedhealthing and caterpillar. very diverse group. in addition to earning, it was lukewarm cpi inflation data released yesterday that stoked the enthusiasm that played out during today's trade aing. today's futures markets pricing in a 68% chance of a first rate cut in seth. in september. and bond yields i'll just mention lifting off 6-week lows. larry, back to you. larry: great stuff. thanks, gerri willis. we appreciate it, as always. switching gears a little bit, the phony cbo inflation report is a cover-up from the harmful effects of bidenomics. joining me the talk about it is the great art laffer, former reagan economist, and we welcome back texas congressman and budget chairman jodey arrington. gentlemen, thank you ever so much. jodey arrington, so let me get this right. phil swagel, who's the cbo director -- now, the guy's a republican, okay? i don't know what he's doing. he's covering up the biden inflation by using 2019 as a base instead of 2021. so i did some numbers, just hear me out. i'll be
the move from 30,000, from 30,000 to 40,000 was head by goldman sachs, microsoft, unitedhealthing and caterpillar. very diverse group. in addition to earning, it was lukewarm cpi inflation data released yesterday that stoked the enthusiasm that played out during today's trade aing. today's futures markets pricing in a 68% chance of a first rate cut in seth. in september. and bond yields i'll just mention lifting off 6-week lows. larry, back to you. larry: great stuff. thanks, gerri willis. we...
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May 16, 2024
05/24
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. >> your firm owns apple and alphabet and microsoft and meta, so you have a horse in this race, so to speak. what do i do with those? >> absolutely and going back to something i know you talked about in the past. capital spending from these large tech companies. announcements about how much they would spend in 2024 were very large and as you said one spend is another company revenue. we continue to believe that the overall outlook for technology remains positive and as joe mentioned with nvidia next week, the expectations are that a lot of capital spend goes straight to nvidia. >> what do i do with the consumer? i feel like if the bears are hanging on to one little nugget, it is the recent, whether it is data, retail sales, not good. starbucks, their commentary, not good. what do i do with that trade? how should i think about it? how are you thinking about it? >> sure, we have definitely seen a bifurcated consumer. the landscape has been different, but even walmart today talked about how the high- end consumer is looking for value, right? looking for value at places like walmart and d
. >> your firm owns apple and alphabet and microsoft and meta, so you have a horse in this race, so to speak. what do i do with those? >> absolutely and going back to something i know you talked about in the past. capital spending from these large tech companies. announcements about how much they would spend in 2024 were very large and as you said one spend is another company revenue. we continue to believe that the overall outlook for technology remains positive and as joe...
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May 16, 2024
05/24
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dolled man zacks and 150 point-blank layupses to the dow and followed closely behind for microsoft, united health and caterpillar. posting top and bottom line beat and wal-mart's online sales rocketed higher by 22%. impressive. helped by households earning more than $100 per year. also for the first time, the retailer saw its delivery business surpass store pickup in terms of volume. value mart now expects to hit the high end or top its previous four year guidance and investors loving that news. wal-mart also of course considered a bell weather of the economy. what is the retail giant telling us. wal-mart analyst and ivan fineseth cio with tiger financial partners and gene goldman. gentlemen, thank you both for being here. ivan, let me begin with you. i guess, what is this saying if wal-mart is doing well, even with those wealthier shoppers, good for wal-mart, but is that not a good sign for the economy? >> it's a good sign for the economy that they are and able to attract a higher income customer because everybody like as bargain and value, and especially that wal-mart excels in selling s
dolled man zacks and 150 point-blank layupses to the dow and followed closely behind for microsoft, united health and caterpillar. posting top and bottom line beat and wal-mart's online sales rocketed higher by 22%. impressive. helped by households earning more than $100 per year. also for the first time, the retailer saw its delivery business surpass store pickup in terms of volume. value mart now expects to hit the high end or top its previous four year guidance and investors loving that...
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May 16, 2024
05/24
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of the job market just on fire than when you see things like in wisconsin with the new ai plant with microsoft or in arizona with the new chips plant with intel i would say that these polls really don't show where this country is going and i'm very excited about the direction we have been more important the avid say 30 polls had biden up in michigan and other states and lastly i think as kelly and knows because she is the professional, i think democrats have outperformed on ballot initiatives and elections by 6 talk to he points whether it is kentucky, kansas, ohio, wisconsin, pennsylvania. and those aren't all blue states. i think we still have 6 months to go. >> martha: it's interesting, we saw that for a while kelly and, it feels like there is a bit of a momentum shift since we saw this À la initiatives but we haven't seen anyone really oppose since then. i'm interested in these stories about minnesota potentially being in play. we always focus on the same states. virginia and minnesota there are some other places. this could get very interesting. >> no question that. in fact it's only don
of the job market just on fire than when you see things like in wisconsin with the new ai plant with microsoft or in arizona with the new chips plant with intel i would say that these polls really don't show where this country is going and i'm very excited about the direction we have been more important the avid say 30 polls had biden up in michigan and other states and lastly i think as kelly and knows because she is the professional, i think democrats have outperformed on ballot initiatives...
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May 16, 2024
05/24
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>> microsoft, the world's largest $3 trillion company is on its way to guiding the dow forward. they have a dominant place in a.i. and are good at exploiting their dominance. it is out of the realm of possibility to imagine paying subscription fees for a.i. agents the same way we pay for office at this point. i think there is an amazing opportunity to monetize. having a ton of cash on hand. the company i think is firing on all cylinders. very solid going forward. >> up next, boris, we asked you to give us a stock that you would not 09 now and you said -- >> i think boeing continues to be radioactive. i know everyone thinks the worst is over, but there are still a tremendous amount of problems. the doj is suing them for essentially breaking their agreement. it is not out of the realm of possibility, but if anything terrible happens to their planes they could be sued into oblivion and for me this is too much of a danger right now. i want to see a year f peace and calm and stability before i would consider investing in them again. >> we also asked you, boris, to give us a stock tha
>> microsoft, the world's largest $3 trillion company is on its way to guiding the dow forward. they have a dominant place in a.i. and are good at exploiting their dominance. it is out of the realm of possibility to imagine paying subscription fees for a.i. agents the same way we pay for office at this point. i think there is an amazing opportunity to monetize. having a ton of cash on hand. the company i think is firing on all cylinders. very solid going forward. >> up next, boris,...
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May 16, 2024
05/24
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since it closed above 30,000 in november of 2020, check out american express, caterpillar and microsoft. each stock has pretty much doubled in the course of that span. they are your leading percentage gainers in this price weighted index. they don't necessarily do something at all for the price and point total, but watch those, they made the most money for shareholders since november of 2020. as for the ones that have lagged, kind of not really participated and some days just lost money. verizon, intel, and 3m, losing a quarter to a third of their value. so those the leaders and laggards in the dow. speaking of the dow, the headliner today, retail has to be the biggest retailer out there, walmart. shares up 6% right now. it's a massive move higher, adding 20, 25 points to the dow, better than expected earnings report, driven by e-commerce. a lot of good things happening at walmart. big day for the dow, kelly. back over to you. >> indeed it is, dom, thank you very much. >>> this earnings season has painted a muddy picture when it comes to the consumer. walmart seeing strength in the high
since it closed above 30,000 in november of 2020, check out american express, caterpillar and microsoft. each stock has pretty much doubled in the course of that span. they are your leading percentage gainers in this price weighted index. they don't necessarily do something at all for the price and point total, but watch those, they made the most money for shareholders since november of 2020. as for the ones that have lagged, kind of not really participated and some days just lost money....
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May 16, 2024
05/24
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. >>> tech tensions overseas, microsoft asking employees in china to consider moving out of the country. you're opening up the wall street journal to find the report that says 700 of 800 staffers received offers to transfer to other countries. u.s., ireland, new zealand. most of them are engineers working on ai and cloud computing. it's interesting and coming at a time when washington, d.c. is cracking down on beijing's access to advanced technology. now this. >>> feels good and resonates right there in your chest. japanese art form alive today in what makes a medicare supplement insurance plan, like an aarp medicare supplement insurance plan from unitedhealthcare a good choice for people on medicare? it's smart for you to have now... i'm 65. and later on, for the future you... i'm 70-ish. it's really smart. hey, looking good. you made a great choice for us. with this type of plan, see any doctor or visit any hospital that accepts medicare patients. there are no networks. your healthcare future will have more freedom. i kept our doctor. and when i needed a specialist. no referrals neede
. >>> tech tensions overseas, microsoft asking employees in china to consider moving out of the country. you're opening up the wall street journal to find the report that says 700 of 800 staffers received offers to transfer to other countries. u.s., ireland, new zealand. most of them are engineers working on ai and cloud computing. it's interesting and coming at a time when washington, d.c. is cracking down on beijing's access to advanced technology. now this. >>> feels good...
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May 16, 2024
05/24
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goldman sachs, microsoft, unitedhealth and caterpillar, or they're all dow stocks. they account for more than half of the dow's gain when it went from 30 to 40,000. just those stocks did it. most of it. >>> coming up, the justice department is accusing two brothers of stealing $25 million worth of crypto in 12 seconds. we'll bring you that story. >>> the media celebrating president biden's decision to challenge trump to a debate. they're ignoring the fact that trump has been asking for this for months. brent bozell is here to break down the media's lopsided reaction. brent is next. ♪ ♪ ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly. we are people living with afib. ♪ and over 400,000 of us have left blood thinners behind... ...
goldman sachs, microsoft, unitedhealth and caterpillar, or they're all dow stocks. they account for more than half of the dow's gain when it went from 30 to 40,000. just those stocks did it. most of it. >>> coming up, the justice department is accusing two brothers of stealing $25 million worth of crypto in 12 seconds. we'll bring you that story. >>> the media celebrating president biden's decision to challenge trump to a debate. they're ignoring the fact that trump has been...
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be an important step i. scotland is a very good team that i'm kind of shocked by this most able to microsoft. that was, and you're not going to, i'm commenting on his picks for germany, 02024 squad. and with that, we've reached the end of our show. but stay with us after the break. and the w documentary looks at the changing relationship between china and germany. i'm gonna go further. thank you so much for a company. the can you see is what old car tires have to do with the production? here's a hands on business. so really indeed the snow on youtube the day many have.
be an important step i. scotland is a very good team that i'm kind of shocked by this most able to microsoft. that was, and you're not going to, i'm commenting on his picks for germany, 02024 squad. and with that, we've reached the end of our show. but stay with us after the break. and the w documentary looks at the changing relationship between china and germany. i'm gonna go further. thank you so much for a company. the can you see is what old car tires have to do with the production? here's...
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May 16, 2024
05/24
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microsoft is said to have vast hundreds of visits china staff to relocate. the tech giant has asked us employees to another country. amid growing tensions between the u.s. and china. plus, according to filings jd was the top holder. barry has been making a return to the chinese sector. china's internet search leader. after the beijing-based retailer cut prices to counter competition. they are seen a key bellwether of chinese consumption. ed: there will be a big e-commerce theme because walmart is also out that shows a 22% jump year-over-year and is online business. that's a story but what is behind it? what has walmart been doing with his digital presence? >> e-commerce has been an important business for walmart. it's one of the big factors of growth and what they have been doing is adding capabilities like delivering orders early in the morning and delivering items faster, same day. they are also improving what they call the perfect order which refers to different metrics like when orders arrive or how complete the orders are and they been working on improv
microsoft is said to have vast hundreds of visits china staff to relocate. the tech giant has asked us employees to another country. amid growing tensions between the u.s. and china. plus, according to filings jd was the top holder. barry has been making a return to the chinese sector. china's internet search leader. after the beijing-based retailer cut prices to counter competition. they are seen a key bellwether of chinese consumption. ed: there will be a big e-commerce theme because walmart...
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May 16, 2024
05/24
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katie: with google and other tech names such as microsoft, they are spending loads and loads of money on a i. as an investor, what kind of signal do you take from that? is it a bullish sign they are investing in future or that they would allocate money to other areas? mark: they have to be involved on the cutting edge. it depends on how they are applying the ai to the core. you are seeing companies doing that. there are adjacent industries that we think will benefit. when you look at the data centers we have talked about in the past. the wind at the back of the data centers is tremendous and is a very long run wait for them. rents are going up in double digits and capacity is low. the biggest worry from a data center in our mind is where will they get the power from an that is the biggest issue. if you are ever to solve that, the growth for that industry will be huge for a long time but we still like that stock. katie: then we get talking about utilities again being an ai play. i agree on the data centers. you are seeing it across industries but speaking of ai, we have to talk about n
katie: with google and other tech names such as microsoft, they are spending loads and loads of money on a i. as an investor, what kind of signal do you take from that? is it a bullish sign they are investing in future or that they would allocate money to other areas? mark: they have to be involved on the cutting edge. it depends on how they are applying the ai to the core. you are seeing companies doing that. there are adjacent industries that we think will benefit. when you look at the data...
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as an example to microsoft echo flores from the w sports was at the unveiling of the german squad. he joins me now in the studio. i go cats out of the bag. what do you make of it? any stoners? any anything that surprised you? not really. i mean you didn't magazines stuck to his guns. he played with a team that he had to play. the last 2 matches fairly matches that must be said, but they, they won. those matches which were against france and against benevolence, which is serious opposition. so therefore he stuck to his guns and he called up pretty much a pleasure that he had already called up. he didn't want to make any serious changes to uh, to the squad and, uh, we gotta talk about this guy right here. uh, 20 costs. 34 years old and he's aging like fine wine really. so he is going to be yours. he had retired from the national team and now he is back in the national team. he retired 4 years ago. sorry. the last year was which were 4 years ago. the 2020 years, which were play 2021. now he's back in the team and we can definitely expect him to delete the team now. and then yours. big
as an example to microsoft echo flores from the w sports was at the unveiling of the german squad. he joins me now in the studio. i go cats out of the bag. what do you make of it? any stoners? any anything that surprised you? not really. i mean you didn't magazines stuck to his guns. he played with a team that he had to play. the last 2 matches fairly matches that must be said, but they, they won. those matches which were against france and against benevolence, which is serious opposition. so...
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May 16, 2024
05/24
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lauren: microsoft, netflix uses microsoft for the advertisements that go on their platte if form. they're getting rid of microsoft, and they're going to bring it in-house. sorry, i know. that the that in for you. stuart: deere & company, tractor people i've got one. stock dropping showerly. lauren: i was going to text you this morning, how much is 300 horsepower on a tractor? stuart: a lot. lauren how much does it cost? hundreds of thousands of dollars? stuart: yeah. lauren: that's the problem. farmers aren't making that much money, interest rates are high, crop prices are low. deere cut their numbers for the full year. they're the largest equipment maker in the entire world, and they said sales of large ag equipment will decline between 20-25% this year with. stuart: ooh. lauren: stock's down 2%. actually, i thought it would have been down more. stuart: that's a big decline. that's why the stock's down. all right, lauren, what else have we got here? cisco. now, they're down a little bit this morning, 1.5% -- lauren: okay. i've got to do the preponderate ifationses. it was, i'm so
lauren: microsoft, netflix uses microsoft for the advertisements that go on their platte if form. they're getting rid of microsoft, and they're going to bring it in-house. sorry, i know. that the that in for you. stuart: deere & company, tractor people i've got one. stock dropping showerly. lauren: i was going to text you this morning, how much is 300 horsepower on a tractor? stuart: a lot. lauren how much does it cost? hundreds of thousands of dollars? stuart: yeah. lauren: that's the...
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May 16, 2024
05/24
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microsoft is such a smart company. for them to be worried about i, i guess everyone should be worried. i mean, a putin meeting with -- putin meeting with xi, it's just like, why? guys. but the news flow, everywhere. like sara's excellent interview with netanyahu. it was excellent. and aii'm sitting there and listening, and one thing we can all agree on is this is an unstable situation. ukraine, unstable. and yet, market remarkably stable just choosing to say, look, these are not why you should buy or sell dow at this price. and i think a lot of people at home are saying, i just watched netanyahu. i don't know if i want to be involved in stocks. and then the market goes to these highs, and you say, well, maybe i was wrong trying to conflate the two. >> right, right. yeah. energy's a good example, jim, although it's up a bit today. we've been talking about the rolling 30-day decline, one of the worst of the year as that war premium's been drained out. >> i just am shocked. i don't know, again, i hate to opine on anything
microsoft is such a smart company. for them to be worried about i, i guess everyone should be worried. i mean, a putin meeting with -- putin meeting with xi, it's just like, why? guys. but the news flow, everywhere. like sara's excellent interview with netanyahu. it was excellent. and aii'm sitting there and listening, and one thing we can all agree on is this is an unstable situation. ukraine, unstable. and yet, market remarkably stable just choosing to say, look, these are not why you should...
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May 16, 2024
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microsoft is asking some of their employees in china to consider moving out of the country. the "wall street journal" this morning reports 700 to 800 microsoft staffers have received offers to transfer to other countries including the u.s., ireland, australia and new zealand. most of them are engineers working on artificial intelligence and cloud computing. well, this comes as washington and we know this, given the whole tiktok mess, crks down on beijing's access to advanced technology. >>> genel motors is opening the new hub in sicon valley. this new operation will in mountain view aimed at driving tech innovation for gm employees. and vehicles. it will employ more than 200 software engineers and research and development staff. >>> let's go to downtown san francisco where ted baker is the latest casualty at the san francisco center. the british clothing chain declared bankruptcy last month. they're shutting down all of their north america stores and that hurts. love ted baker clothes. early this week american eagle announced it was closing its location at the downtown troub
microsoft is asking some of their employees in china to consider moving out of the country. the "wall street journal" this morning reports 700 to 800 microsoft staffers have received offers to transfer to other countries including the u.s., ireland, australia and new zealand. most of them are engineers working on artificial intelligence and cloud computing. well, this comes as washington and we know this, given the whole tiktok mess, crks down on beijing's access to advanced...
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May 16, 2024
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the "wall street journal" reports 700, 800 microsoft staffers have received offers to traffic to other countries including the u.s., ireland, australia and new zealand. most of them though are engineers working on artificial intelligence. and cloud computing. this coming as washington cracks down on beijing's access to this advanced technology. meanwhile, general motors is opening the new tech hub in silicon valley. the new operation in mountain view aimed at driving tech innovation for gm vehicles. the 50,000 square feet site will employ more than 200 software engineers and research and development staff. >>> well, royal watchers are seeing red. i am too. the first official portrait of king charles iii was just unveiled. and there is a whole lot of red. the king's entire body is covered in a sea of crimson. apparently, the king and queen consort are happy with the painting. but reaction online is deeply divided. so check out the responses on the royal family's instagram page. one person commented, i'm sorry, but his portrait looks like he's in hell. someone else wrote, is he supposed
the "wall street journal" reports 700, 800 microsoft staffers have received offers to traffic to other countries including the u.s., ireland, australia and new zealand. most of them though are engineers working on artificial intelligence. and cloud computing. this coming as washington cracks down on beijing's access to this advanced technology. meanwhile, general motors is opening the new tech hub in silicon valley. the new operation in mountain view aimed at driving tech innovation...
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May 16, 2024
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annmarie: my question for microsoft is are you decoupling or diversifying? i'm taking a crack on the diversified, and decouple. companies can sit on the sidelines and wait. jonathan: diversified not decouple because that's politically except to say. walmart is up premarket. they have beat estimates of forecasted better-than-expected did your results. he, shall are driver jumping 20%. -- e-commerce jumping 20%. >> high quality, better sales, better membership. inventory is in great shape. i think the real story here is full of the top line we started for the first time strong dollar growth. a really impressive print and probably a tough quarter for retail. we're pretty happy with the numbers. where is that coming from? stock: gross margins were successful in their markdowns were lower year-over-year. we are starting to see some of their other business mixes start to affect the p&l. lisa: there is the shopping part of this in the amazon competition when you ask where are they taking market share from? you mentioned advertising, data, e-commerce are the evening
annmarie: my question for microsoft is are you decoupling or diversifying? i'm taking a crack on the diversified, and decouple. companies can sit on the sidelines and wait. jonathan: diversified not decouple because that's politically except to say. walmart is up premarket. they have beat estimates of forecasted better-than-expected did your results. he, shall are driver jumping 20%. -- e-commerce jumping 20%. >> high quality, better sales, better membership. inventory is in great shape....
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May 16, 2024
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microsoft currently employs roughly 7000 engineers for its asia pacific research and development group. most of them are based in china. the relocation offer comes amid tensions between the u.s. and china and its race for cutting edge ai technology. planet fitness is bringing back its free workout passes for teens this summer. the high school summer pass starts june first for students between 14 and 19 years old. teen members will have free access to fitness trainers, workouts and fitness plans on the planet fitness app. high schoolers under the age of 18 will need parent permission to sign up. planet fitness says the program will last until august 31st. lego is unveiling one of its biggest sets ever. the toy brick company just released another set inspired by the lord of the rings series. the set contains nearly 5500 pieces. the retail price $460. it will be in stores and online beginning june 4th. fans of lord of the rings will know this iconic dark tower. take a look. you'll have to use your creativity and imagination and journey deep into the heart of middle earth. housing prices i
microsoft currently employs roughly 7000 engineers for its asia pacific research and development group. most of them are based in china. the relocation offer comes amid tensions between the u.s. and china and its race for cutting edge ai technology. planet fitness is bringing back its free workout passes for teens this summer. the high school summer pass starts june first for students between 14 and 19 years old. teen members will have free access to fitness trainers, workouts and fitness plans...
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May 16, 2024
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netflix also revealing it will launch its own advertising platform and no longer partner with microsoft for that technology. >>> wall street journal saying microsoft asking hungs of emp hundreds of employees in the china a.i. division to transfer outside of the country. it comes as tensions continue to accelerate. as we check on futures now, the dow up 35 points, the nasdaq looking to open 30 points higher. over to dom chu who is looking at this morning's premarket movers. >> earnings headliner from last night's close, that's cisco systems. those shares right now are up just about over 4% premarket on shares of just like 75,000 shares or so of volume. it topped consensus estimates for both profits and revenues even though sales did drop by roughly 13% over the same time last year. that's by the way the biggest drop since 2009. there is optimism that customers are working through inventory and getting things done better in the coming months, so cisco up 4%. the mystery stock has been revealed. for multiple quarters now, warren buffett's berkshire hathaway has been building a sizable stak
netflix also revealing it will launch its own advertising platform and no longer partner with microsoft for that technology. >>> wall street journal saying microsoft asking hungs of emp hundreds of employees in the china a.i. division to transfer outside of the country. it comes as tensions continue to accelerate. as we check on futures now, the dow up 35 points, the nasdaq looking to open 30 points higher. over to dom chu who is looking at this morning's premarket movers. >>...
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the move microsoft is shoring up in the a.i. arms race. >>> cnbc is celebrating asian american and native haiwan h heritage month. >> i come from india where it was about having a child. i had two daughters. for me, it was to lead by example. it was important. there is a legacy that is about financial independence and being empowered to do what you want to do and really make an impact. ga, the advanced form of dry age-related macular degeneration, can irreversibly damage your vision. it can progress faster than you think. when ga threatens your eyes, take a stand. slow ga with syfovre. syfovre is an eye injection that was proven to slow damaging lesion growth over 2 years with increasing effect over time. it's the only fda-approved treatment to slow ga in as few as 6 doses per year. don't take syfovre if you have an infection, or active swelling in or around your eye that may include pain and redness. syfovre can cause serious side effects, such as eye infection and retinal detachments, severe inflammation of vessels in the reti
the move microsoft is shoring up in the a.i. arms race. >>> cnbc is celebrating asian american and native haiwan h heritage month. >> i come from india where it was about having a child. i had two daughters. for me, it was to lead by example. it was important. there is a legacy that is about financial independence and being empowered to do what you want to do and really make an impact. ga, the advanced form of dry age-related macular degeneration, can irreversibly damage your...
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microsoft said it will give some shares to it. it is a single-player market right at moment for accelerators. we have a number of companies in the supply chain. the number one lead in high bandwidth and one for liquid cooling. there are a number of companies in the supply chain. you are right. you have to be picky. there's a long way to go. we are six or nine months into the five-month story. >> valuation getting tricky? >> i don't think so in the u.s. i think europe actually has performed better this year. >> a lot better than the overall s&p for example. >> yeah. part of that -- europe does have some champions like asml and novo nordisk. those companies are doing really well. in u.s., it's a very small cohort which you would argue is expensive. if you look at equal weighted s&p, it is still the same from 2015 to 2020. >> yeah. it is all bougttombottom-up now? >> yes. in fact, we think the modern leg is moving from software to hardware. nvidia, a hardware company, will become the largest company in the u.s. asml and tsm are the l
microsoft said it will give some shares to it. it is a single-player market right at moment for accelerators. we have a number of companies in the supply chain. the number one lead in high bandwidth and one for liquid cooling. there are a number of companies in the supply chain. you are right. you have to be picky. there's a long way to go. we are six or nine months into the five-month story. >> valuation getting tricky? >> i don't think so in the u.s. i think europe actually has...
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May 16, 2024
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they also increased exposure to ai leaders amazon, meta and microsoft. bloomberg learned citadel securities generated $2.3 billion of net trading revenue in the first three months of 2020 four, setting the market making firm up for a potentially record year. the first quarter result was up 68% from the prior year. this offers a rare glimpse into the firm, which is steadily expanding its market-making capabilities. most recently, incorporate bonds. there is plenty more coming up particularly from the qatar economic forum including in conversation with the cofounder and co-ceo of b capital. that exclusive interview is next from doha. this is bloomberg. ♪ and they're all coming? those who are still with us, yes. grandpa! what's this? your wings. light 'em up! gentlemen, it's a beautiful... ...day to fly. this is bloomberg daybreak europe. i'm tom mckenzie in london. global stocks rally with the s&p 500 hitting a record high as cooler u.s. inflation reinforces bets on fed rate cuts. slovaka's prime minister in hospital after attempted assassination in broa
they also increased exposure to ai leaders amazon, meta and microsoft. bloomberg learned citadel securities generated $2.3 billion of net trading revenue in the first three months of 2020 four, setting the market making firm up for a potentially record year. the first quarter result was up 68% from the prior year. this offers a rare glimpse into the firm, which is steadily expanding its market-making capabilities. most recently, incorporate bonds. there is plenty more coming up particularly...