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Mar 7, 2024
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megan cassella with the details. thank you. more on the state of the union, let's bring in jimmy pethokoukis, analyst at the american evnterprise institute. jimmy, good to see you. >> good morning, frank. >> megan hit on the proposal on corporate taxes. what else should investors be focused on? >> the corporate taxes is the big news. it is a way for him to draw a contrast with his certain opponent donald trump and these corporate tax revisions would repeal the business trump tax cuts which the former president will run on. also, he will talk about shrink infl shrinkflation and talking about funding healthcare. i'm not sure people have a good idea at this point of what the president would do in a second term. the president will talk about what he has been doing in this term. the general story of the first biden term and infrastructure spending and clean energy spending is not well understood by the american people. >> you are saying taxes on corporations and wealthy is a theme. also a broader theme with the president focusing on
megan cassella with the details. thank you. more on the state of the union, let's bring in jimmy pethokoukis, analyst at the american evnterprise institute. jimmy, good to see you. >> good morning, frank. >> megan hit on the proposal on corporate taxes. what else should investors be focused on? >> the corporate taxes is the big news. it is a way for him to draw a contrast with his certain opponent donald trump and these corporate tax revisions would repeal the business trump...
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Mar 5, 2024
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. >>> we have a news alert from thing biden administration and the fight against flags with megan cassella>> reporter: good morning, frank. the most concrete step is they will reduce the amount the credit card companies can charge for late fees. taking the fee from $32 to the max of $8. that is set to take effect two months from today and the administration says it should save $10 billion a year. in other steps, the fcc will take steps to reduce internet costs for people who live in an apartment buildings. the agriculture department is cracking down on meat processors to help reduce costs for farmers. bigger picture, the white house is launching a strike force which is led by the justice department to share data and resources across agencies to root out what the administration says are really deceptive and ill 4egal attempts to keep pric high on food and prescription drugs and housing and financial services. the list goes on. overall, frank, a lot of this is good messaging for the white house as it tries to fight inflation. the white house says competition is good for the economy and their
. >>> we have a news alert from thing biden administration and the fight against flags with megan cassella>> reporter: good morning, frank. the most concrete step is they will reduce the amount the credit card companies can charge for late fees. taking the fee from $32 to the max of $8. that is set to take effect two months from today and the administration says it should save $10 billion a year. in other steps, the fcc will take steps to reduce internet costs for people who live...
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Mar 20, 2024
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our megan cassella with that news, thank you very much. >>> also keep this in mind today.at gelsinger is going to have much more on his company securing that c.h.i.p.s. act funding in our first cnbc interview with jon fortt at 9:30 a.m. eastern and again at 4:00 p.m. at "closing bell: overtime." don't want to miss that. >>> time now to turn back to the markets. we're going to be joined by the chief global strategist. seema, good morning. always good to see you. >> good morning. >> no decision expected operates, but a lot expected on the jay powell meeting. what was it mean when it comes to the tone and how they see rate cuts going forward? >> sure. this is a pivotal meeting. what we're anticipating is the dot plot still holds the forecast. you need two lenders to raise the forecast. i think there's an easy way of saying you're going to see a more hawkish fed coming out today. that's why i think it's so pivotal. it's raisinging some doubts how quick will u they can get inflation back to target. that will be the key they're watching out for from powell and the press conferen
our megan cassella with that news, thank you very much. >>> also keep this in mind today.at gelsinger is going to have much more on his company securing that c.h.i.p.s. act funding in our first cnbc interview with jon fortt at 9:30 a.m. eastern and again at 4:00 p.m. at "closing bell: overtime." don't want to miss that. >>> time now to turn back to the markets. we're going to be joined by the chief global strategist. seema, good morning. always good to see you....
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Mar 11, 2024
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megan cassella is here with more. megan, good morning. >> good morning, frank. that's right.e awaiting the release of the full biden budget. we know this will be a proposal that will lower costs for families and raise taxes on billionaires and cut the deficit by $3 trillion over the next decade. digging in a little bit here on the spending side, the white house will invest in manufacturing and clean jobs and it wants to provide national paid leave and protect medicare and social security. as for lowering costs for families, the white house says there will be programs to reduce the cost of child care and make college more affordable and housing more accessible by proposing a tax credit for f first-time home buyers. speaking of taxes, we are expecting around a revenue raising proposals here with higher minimum tax on corporations and lifting that level from 15% to 21%. he will crackdown on corporate profit sharing and imposing a 25% minimum tax on billionaires. frank, what we don't know yet are the actual numbers attached to the priorities. we will find out later today how much
megan cassella is here with more. megan, good morning. >> good morning, frank. that's right.e awaiting the release of the full biden budget. we know this will be a proposal that will lower costs for families and raise taxes on billionaires and cut the deficit by $3 trillion over the next decade. digging in a little bit here on the spending side, the white house will invest in manufacturing and clean jobs and it wants to provide national paid leave and protect medicare and social security....
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Mar 8, 2024
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megan cassella joins us with more on the story. megan, good morning. >> good morning, frank. push to raise capital bank requirements has been years in the making and one of the most concrete efforts to boost bank regulation since svb failed. the reporting shows opposition to the proposals is on track to delay finalization by what analysts say would be another year if not longer. regulators are left with two tough options at the moment. move forward with the rule as they have it with modest changes or face litigation from big banks or they could withdraw and start over. jay powell acknowledged for the first time this week that that is a real possibility. >> i will say we haven't made that decision. if and when we get to that point and that is the appropriate thing, we won't hesitate. >> you won't rule that out at this stage? >> not at all. i think it is a very plausible option. it depends on how things lie when we reach that point. >> the bank policy institute tells cnbc they believe it is necessary to restart the process given the amount of changes needed to win industry supp
megan cassella joins us with more on the story. megan, good morning. >> good morning, frank. push to raise capital bank requirements has been years in the making and one of the most concrete efforts to boost bank regulation since svb failed. the reporting shows opposition to the proposals is on track to delay finalization by what analysts say would be another year if not longer. regulators are left with two tough options at the moment. move forward with the rule as they have it with...
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Mar 28, 2024
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cassella is joining us with more. >> the biden administration is laying out new rules with oversightparency and safety this will rare all agencies to designate a chief a.i. officer and board within the next two months agencies will need to public an annual report on the a.i. use and managing risk and establish safeguards by the start of december the white house says these are rules meant to protect rights and safety for americans vice president kamala harris gave an example with if the department of affairs wanted to help diagnose patients, the v.a. would have to prove it is not discriminating on the basis of race or anything else. these rules were developed in consultation with the private sector and apply to the federal agencies at this point that will likely change, however, because the office of management and budget is looking to guidelines on a.i. use at private companies who work as federal contractors. frank, the administration wants these rules in place, but white house officials are encouraging the use of a.i they are planning to hire 100 a.i. professionals by this summer a
cassella is joining us with more. >> the biden administration is laying out new rules with oversightparency and safety this will rare all agencies to designate a chief a.i. officer and board within the next two months agencies will need to public an annual report on the a.i. use and managing risk and establish safeguards by the start of december the white house says these are rules meant to protect rights and safety for americans vice president kamala harris gave an example with if the...
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Mar 27, 2024
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megan cassella in d.c.hat do you think, jim >> it's -- after being out there last week with jensen huang and his team, we need this very badly. some companies, predictably, like amazon web services, have done an unbelievable job on this, but when you listen to what anthropic -- now, that's 4 billion by amazon, 2 billion by google there's tremendous hallucination, and they're fooling people all the time, and so you really do want to get a single source of truth about this by the way, everyone who's been getting calls on medicare and something they know about you, which is what i got a call on, that's the hack. the hack has been distributed, and it's something -- first time i've ever felt -- i got five calls in the last week of different medicare providers who knew everything about me, and this hack, nikesh from palo alto told me, maybe the worst hack ever they know everything about me. everything >> are you convinced or confident that regulators can be mindful and yet not restrictive on the innovation? >> no
megan cassella in d.c.hat do you think, jim >> it's -- after being out there last week with jensen huang and his team, we need this very badly. some companies, predictably, like amazon web services, have done an unbelievable job on this, but when you listen to what anthropic -- now, that's 4 billion by amazon, 2 billion by google there's tremendous hallucination, and they're fooling people all the time, and so you really do want to get a single source of truth about this by the way,...
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Mar 19, 2024
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we havhave megan cassella here h more. how do we know if we, as taxpayers, get our monies worth?that is the question i have been asking. it will take years. they passed this act a year and a half ago. we are about to see the big award rollout this week with intel. that is the preliminary set of terms. they have to vet and they have the regulations attached. they are doling out the money as companies reach milestones. it takes seven years to get a fabrication online. >> we agree to bring chips online. i hope the government picks the right companies and winners. we have seen amd eat intel's lunch in recent years. how do we know? will they make sure we get a return? if it is government money, is it here and is anyone minding the store for the government's investment? >> they will say they are doing that now. that is because they want to make sure this is not just a hand cr handout. it goes the other way with criticism of are you not letting the free market work and making sure that companies are jumping through hurdles to fulfill your agenda? >> and it is slow. this takes a long tim
we havhave megan cassella here h more. how do we know if we, as taxpayers, get our monies worth?that is the question i have been asking. it will take years. they passed this act a year and a half ago. we are about to see the big award rollout this week with intel. that is the preliminary set of terms. they have to vet and they have the regulations attached. they are doling out the money as companies reach milestones. it takes seven years to get a fabrication online. >> we agree to bring...