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Dec 4, 2023
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senior climate correspondent diana olick joins us now from dubai. diana?lly, in the first four days of the cop leadership here says governments, businesses, leaders and philanthropists have pledged $57 billion across the climate agenda. all that creates opportunities for big business and that's why top executives are here. i spoke with microsoft's chief sustainability officer about her top ask for this cop. >> we want more renewable energy available to us because we know if we're going to electrify fleet and with all that's coming and demands on the grids, we need policymakers to understand that we want more renewables, but we want to move quicker. these are great conversations to have because there's a lot of pressure on us to move faster. >> more than 110 nations have agreed to triple renewable energy capacity and hurst is looking for government dollars to level the playing field and bring bring down the cost for technologies like they did for wind and solar. >> we need hydrogen, and battery storage to get there and i think deploying capital in the very
senior climate correspondent diana olick joins us now from dubai. diana?lly, in the first four days of the cop leadership here says governments, businesses, leaders and philanthropists have pledged $57 billion across the climate agenda. all that creates opportunities for big business and that's why top executives are here. i spoke with microsoft's chief sustainability officer about her top ask for this cop. >> we want more renewable energy available to us because we know if we're going to...
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Dec 4, 2023
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our correspondent diana olick is on the ground in dubai with the latest. >> reporter: frank, 50 oil and gas firms, exxon and saudi aramco pledged to put to net zero by 2030. the inclusion of 29 national oil companies is what makes this new and notable. there is already criticism that a pledge is one thing, but how do you enforce it? i asked former bp ceo bob dudley who was instrumental in the negotiations. >> there is satellite technology to monitor aircraft and drones and ground sensors. the companies will have to be account aable from the data. it is hard to hide. if you look at satellites, there is nowhere to hide. >> reporter: the news comes as energy and finance takes stage this week at cop. we have seen billions of pledges in the first days of the cop. >> we are encouraged to see equi commitments from governments and multilaterals. that is important. the issue is the private sector. the need to mobilize capital to help companies and sovereign entities with source of energy. the amounts requiring are staggering. we have to start somewhere. it is important that we marry the efforts
our correspondent diana olick is on the ground in dubai with the latest. >> reporter: frank, 50 oil and gas firms, exxon and saudi aramco pledged to put to net zero by 2030. the inclusion of 29 national oil companies is what makes this new and notable. there is already criticism that a pledge is one thing, but how do you enforce it? i asked former bp ceo bob dudley who was instrumental in the negotiations. >> there is satellite technology to monitor aircraft and drones and ground...
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Dec 27, 2023
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>> thank you to our diana olick.t what this means with bess friedman with one of the largest privately owned real estate brokerages in the u.s. good morning, happy holidays. >> good morning, frank, happy holidays. >> we're going to pick it up where we left off. generally people -- it kind of starts in march. so give us a sense as we kind of go into the new year, as we head into the spring selling season. how meaningful is it. howelling do you think people are to sill their house and buy a new one? >> i think what diana just said is good news, the fact that rates are coming down makes buyers and sellers feel good. she mentioned prices are at an all-time high, and part of that is because of the tight inventory. and i think rates coming down will encourage more seller os to put their homes on the market, thus giving us more inventory, and that will let up prices a bit so they can come down. and buyers will go out. buyers are going to homes and seeing there's not a lot to choose from and you get bidding wars. we get more
>> thank you to our diana olick.t what this means with bess friedman with one of the largest privately owned real estate brokerages in the u.s. good morning, happy holidays. >> good morning, frank, happy holidays. >> we're going to pick it up where we left off. generally people -- it kind of starts in march. so give us a sense as we kind of go into the new year, as we head into the spring selling season. how meaningful is it. howelling do you think people are to sill their...
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Dec 12, 2023
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diana olick is joining us from dubai with the latest there. what exactly is leading to this reduced optimism? >> reporter: dom, it is the latest draftreleased last night. it totally dropped language to phase down or phase out the use of fossil fuels. it said countries should take action that could include reducing production and consumption of fossil fuels. this is a major blow for those who want to slow global warming. the cop28 president called it a huge step forward. to that, one analyst responded i'm not sure which direction that step would be in. another said it is alarming this is something more amenable to oil and gas producers. another said this text is a nightmare of weak proposals and contra contradictions. former vice president al gore said this is deeply disappointing. there had been a remarkable sense of optimism leading up to this. i spoke to the climate fund here about that last week. >> now is the time when you say we have to raise our level of ambition and the idea was that as prices of renewable energy and green technologies
diana olick is joining us from dubai with the latest there. what exactly is leading to this reduced optimism? >> reporter: dom, it is the latest draftreleased last night. it totally dropped language to phase down or phase out the use of fossil fuels. it said countries should take action that could include reducing production and consumption of fossil fuels. this is a major blow for those who want to slow global warming. the cop28 president called it a huge step forward. to that, one...
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Dec 8, 2023
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diana olick is joining us now from dubai with the latest on cop28.iana. >> reporter: dom, the opfficial negotiations are intensifying with the tuesday deadline. coalitions have been announced and expanded and one involving aviation technology. one person talking about that is the chief officer at united. talk about the partnership that involves boeing and baker hu hughes >> oaviation is responsible for 3% of global greenhouse gas emissions, but we have a new approach with power and infrastructure and more to enable us to decarbonize we need to useyou united can bu forward. >> how much is this fund >> the fund is really important. that is why we are here today. we launched the sustainable sp flight fund which is $200 million which is reducing emissions up to 85%. this is the solution that we need in the marketplace. we are not seeing the production come online fast enough. united decided to take a leadership role and invest we have 13 partners across the value chain working with us to invest in the early stage climate technology companies that we beli
diana olick is joining us now from dubai with the latest on cop28.iana. >> reporter: dom, the opfficial negotiations are intensifying with the tuesday deadline. coalitions have been announced and expanded and one involving aviation technology. one person talking about that is the chief officer at united. talk about the partnership that involves boeing and baker hu hughes >> oaviation is responsible for 3% of global greenhouse gas emissions, but we have a new approach with power and...
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Dec 11, 2023
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we have more from diana olick. >> reporter: good morning, dom. dubai is the fastest growing city in history. its population is more than tripling since the turn the of the century. it is seeing wealthy chinese buyers and wealthy russian buyers. it is a rare piece of sky in dubai that doesn't have a crane in it. on the mainland island called pom which has the most expensive residences and resorts. much of the pricey real estate and value are at risk from global warming. this is what parts of dubai could eventually look like with 3 degree celsius warming above pre-industrial levels. if countries adhere to the pledges, the world is now on track to reach 2.9 degrees warming some time this century according to the recent u.n. report. add to that with most intense rainfall. >> they never built sufficient drainage. there was massive flooding and a little bit of rain can do a lot of damage in the streets. >> reporter: the real estate is not only rising, but selling with home prices up 19% from just a year ago. >> we witnessed the phenomenal growth. >> re
we have more from diana olick. >> reporter: good morning, dom. dubai is the fastest growing city in history. its population is more than tripling since the turn the of the century. it is seeing wealthy chinese buyers and wealthy russian buyers. it is a rare piece of sky in dubai that doesn't have a crane in it. on the mainland island called pom which has the most expensive residences and resorts. much of the pricey real estate and value are at risk from global warming. this is what parts...
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Dec 12, 2023
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diana olick is at the conference. what can you tell us? >> chris, it's now approaching midnight in dubai and we're told there will not be another draft of the cop deal tonight. we've really heard nothing at all from leadership today. the latest draft totally dropped language to phase down or face out fossil fuels. it just said countries should take action that could include reducing their consumption of fossil fuels. this is a major blow to those who wanted to slow global warming. representatives from governments, policy groups, ngos. one called it alarming that this is much more amenable to oil and gas procedures. another, a nightmare and former vice president al gore posted on x that this cop is on the verge of complete failure and the deal reads as if opec dictated it word for word. he said it is deeply offensive to those who have taken this process seriously. now, the cop 28 presidency which is led by the ceo of the state owned oil company adnan called it a huge step forward. to that, one analyst responded well, i'm not sure which dire
diana olick is at the conference. what can you tell us? >> chris, it's now approaching midnight in dubai and we're told there will not be another draft of the cop deal tonight. we've really heard nothing at all from leadership today. the latest draft totally dropped language to phase down or face out fossil fuels. it just said countries should take action that could include reducing their consumption of fossil fuels. this is a major blow to those who wanted to slow global warming....
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Dec 5, 2023
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. >> cnbc's lead climate correspondent diana olick is live from cop 28 in dubai for cnbc on msnbc.sion there, especially given the host country's fuel interests. >> reporter: yeah, chris, there was controversy over the location of this cop well before it started. but it really ratcheted up over the weekend, a few days in. and that's when the cop president who also happens to be the head of the uae state owned oil company said in a live event there is no science back the idea that a phaseout of fossil fuels would slow global warming. he says it would not allow sustainable development, quote, unless you want to take the world back into a cave. now, let's say that was not received well, by climate leaders here at the cop. he later said his comments were misinterpreted. the ceo of crescent petroleum, a middle east oil and gas company, jumped into the fray today, telling cnbc's dan murphy that blaming the producers of oil and gas for climate change is like blaming formers for obesity. it is our societal consuption that is the issue and said we need oil and gas through the transition and
. >> cnbc's lead climate correspondent diana olick is live from cop 28 in dubai for cnbc on msnbc.sion there, especially given the host country's fuel interests. >> reporter: yeah, chris, there was controversy over the location of this cop well before it started. but it really ratcheted up over the weekend, a few days in. and that's when the cop president who also happens to be the head of the uae state owned oil company said in a live event there is no science back the idea that a...
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Dec 6, 2023
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our diana olick joins us where artificial intelligence appears to be the buzz word of the day, the week the year, diana. >> i would just add the millennial. look, as with everything else, ai is taking center stage at cop28 and lowering carbon emissions. who better to talk about that is tim christopherson, salesforce's vp. first of all, what are you doing? >> there are thousands of companies here that if you look at the 2000 largest companies in the world, only 700 of them have a climate action plan that exposes a lot of companies to risk and at the same time it's a huge opportunity to make sure it stays meaningfully. that's what we're here to do is to navigate our customers through thought leadership and the first movement initiative and ai technology. >> net zero cloud. what exactly is that? >> it's our key product to help customers not only measure on track their missions but identify how they can work and reduce them the fastest. we use predict active ai to help them do that. it can also help with water and waste and nature disposals, all of which are companying, for example, in the
our diana olick joins us where artificial intelligence appears to be the buzz word of the day, the week the year, diana. >> i would just add the millennial. look, as with everything else, ai is taking center stage at cop28 and lowering carbon emissions. who better to talk about that is tim christopherson, salesforce's vp. first of all, what are you doing? >> there are thousands of companies here that if you look at the 2000 largest companies in the world, only 700 of them have a...
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Dec 5, 2023
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our senior reporter diana olick is joining us from dubai. >> reporter: it is still a mixed methane. i spoke with the ceo of the williams company in the u.s. who said he is not here because he is worried about his business with the new pledge, but because he wants to grow it. >> we are in the industry and gas pipeline industry has been off the radar screen. we liked it that way. it is time to get our voice out there and talk about natural gas and reduce emissions around the world. continuing to grow coal use around the world. natural gas is one of the few things that is more economic and, therefore, one of the few things we can deploy in scale without government subsidy. >> natural gas is neither renewable or clean. >> as we build more renewables, we will be able to back off the natural gas consumption. in the u.s., our consumption is on power generation which is continuing to climb. we are a long way from where renewables are starting to back that load off. >> not great for your company. >> what we sell as williams, we sell pipeline capacity. we really are not all that sensitive, fr
our senior reporter diana olick is joining us from dubai. >> reporter: it is still a mixed methane. i spoke with the ceo of the williams company in the u.s. who said he is not here because he is worried about his business with the new pledge, but because he wants to grow it. >> we are in the industry and gas pipeline industry has been off the radar screen. we liked it that way. it is time to get our voice out there and talk about natural gas and reduce emissions around the world....
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Dec 28, 2023
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diana olick has that afternoon hours. diana?b, pending home sales in november were unchanged from october. the street was looking for a 1% gain. sales were down 5.2% from november of last year according to the national association of realtors. this number is based on signed contracts during the month. a forward looking indicator of closed sales. also, this is the most current look at what buyers are thinking. and mortgage rates here are key. the average rate on the 30-year fixed soared over 8% in mid-october and then dropped sharply to 7.5 in the first week of november. it ended the month around 7.25 and that's why the street was looking for a small bounce. now the realtors did note in their report that while it didn't result in formal contracts, that drop did spark a surge in interest according to their locked box indicators, the boxes that record showings when people open the door. pending sales rose slightly in the northeast and midwest and sharply in the west where prices are highest. sales fell in the south. mortgage rates
diana olick has that afternoon hours. diana?b, pending home sales in november were unchanged from october. the street was looking for a 1% gain. sales were down 5.2% from november of last year according to the national association of realtors. this number is based on signed contracts during the month. a forward looking indicator of closed sales. also, this is the most current look at what buyers are thinking. and mortgage rates here are key. the average rate on the 30-year fixed soared over 8%...
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Dec 26, 2023
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diana olick. >>> as we head to break here's our road map including citi naming one dow stock a pick fort's got strong momentum up 45% over the past two months. >>> it's the casino hunger games as companies compete for a big prize, a license in or around new york city. >>> and it's the largest company investment in israel's history. as intel announces new details regarding its $25 billion chip resqwk. plan mo "ua on the street" straight ahead. don't go anywhere. ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ a force to be reckon with. no, not you saquon. hm? you! your business bank account with quickbooks money, now earns 5% apy. 5% apy? that's new! yup, that's how you business differently. you're probably not easily persuaded to switch 5% mobile providers for your business. but what if we told you it's possible that comcast business mobile can save you up to 75% a year on your wireless bill versus the big three carriers? did we peak your interest? you can get two un
diana olick. >>> as we head to break here's our road map including citi naming one dow stock a pick fort's got strong momentum up 45% over the past two months. >>> it's the casino hunger games as companies compete for a big prize, a license in or around new york city. >>> and it's the largest company investment in israel's history. as intel announces new details regarding its $25 billion chip resqwk. plan mo "ua on the street" straight ahead. don't go...
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Dec 26, 2023
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diana olick has the latest numbers on housing. >> and that number would not have had an effect on the which rose 4.8% nationally year over year. that is a jump from the 4% annual increase in september. it marks the strongest annual gain this year. that strength in home prices came despite a sharp rise in mortgage interest rates in october. average rate on the 30 year fixed loan cost 8% on the 19th, highest in more than two decades. rates as dom said dropped steadily through november and december with the 30 year fixed rate not hovering around 6.7%. with rates now much lower, home prices have nowhere to go but up in the coming year especially given still very low inventory. going local among the top 20 cities, detroit reported the largest year over year gain. san diego followed at 7.2% and then new york at 7.1%. and home prices in portland, oregon fell 0.6%, that was the only city in the index showing lower prices in october versus the year before. and home prices are 1% higher now than the peak in 2022 and they have recovered all the losses recorded in the second half of last year. >>
diana olick has the latest numbers on housing. >> and that number would not have had an effect on the which rose 4.8% nationally year over year. that is a jump from the 4% annual increase in september. it marks the strongest annual gain this year. that strength in home prices came despite a sharp rise in mortgage interest rates in october. average rate on the 30 year fixed loan cost 8% on the 19th, highest in more than two decades. rates as dom said dropped steadily through november and...
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Dec 1, 2023
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our diana olick is tracking all of that fous. diana?their response to climate change, and that, of course, comes in the form of more money and that's why reps from corporations, big banks, investment funds are there too trying to get in on all that cash. opportunities in the clean energy transition, infrastructure, climate tech and resilience. i spoke with the executive director of bill gates' breakthrough energy in dubai now about that. >> it's an opportunity to connect companies with finance partners and industry partners and we're looking to make deals to accelerate clean energy into the marketplace. >> and, in fact, just this morning, breakthrough announced an investment of just over a quarter of a billion dollars with the european investment bank for its first two european projects. one is funding danish energy company orsted ethanol production facility to provide green fuel for the shipping industry. >> that's what we're hoping for from this cop, is that it will be a real opportunity for the private sector to take a step forward t
our diana olick is tracking all of that fous. diana?their response to climate change, and that, of course, comes in the form of more money and that's why reps from corporations, big banks, investment funds are there too trying to get in on all that cash. opportunities in the clean energy transition, infrastructure, climate tech and resilience. i spoke with the executive director of bill gates' breakthrough energy in dubai now about that. >> it's an opportunity to connect companies with...
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Dec 12, 2023
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diana olick reporting. >>> well, coming up, an epic loss for googoogle. a san francisco jury finding against them. >>> do regionals need to bank on ai? why one analyst says those stocks will lose market share if they don't adapt to the new technology. ♪ watch how easy it is to put on new hands free skechers slip-ins. i just step in and go. sitting? doesn't matter. i don't even have to touch them. ooo, gangsta. in a hurry? there's not a faster, easier way to put on shoes. they know a 10 when they see it. in the u.s. we see millions of cyber threats each year. that rate is increasing as more and more businesses move to the cloud. - so, the question is... - cyber attack! as cyber criminals expand their toolkit, we must expand as well. we need to rethink... next level moments, need the next level network. [speaker continues in the background] the network with 24/7 built-in security. chip? at&t business. >>> welcome back to "power lunch." the maker of fortnite securing a flawless victory over google in court and the decision could have big implications not jus
diana olick reporting. >>> well, coming up, an epic loss for googoogle. a san francisco jury finding against them. >>> do regionals need to bank on ai? why one analyst says those stocks will lose market share if they don't adapt to the new technology. ♪ watch how easy it is to put on new hands free skechers slip-ins. i just step in and go. sitting? doesn't matter. i don't even have to touch them. ooo, gangsta. in a hurry? there's not a faster, easier way to put on shoes....
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Dec 8, 2023
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diana olick. >>> coming up, turbulent times on campus, the rise of anti-semitism and hate speech causingf brandeis university ron liebowitz will tell us what his school is doing to address anti-semitism, while upholding free speech. "squawk box" returns in just a moment >>> brandeis university founded by the jewish community in 1948 to counter anti-semitism weighing in on the terror attacks in israel and their president ron liebowitz discusses what the school is doing upholding free speech. brandeis president liebowitz joins us this morning. good to see you, president liebowitz. did you have an idea, would you say, three, four, five years ago, that there was an undercurrent to the extent of what we've seen on college campuses since october 7th let's try -- one second. >> thank you for having me, first of all. >> you're welcome. start over. >> i've been president since 2016 and anti-semitism has been a problem for a long time on college university campuses. here it's a little bit more focused, because we are a jewish-founded institution with roots, and years ago started looking into how w
diana olick. >>> coming up, turbulent times on campus, the rise of anti-semitism and hate speech causingf brandeis university ron liebowitz will tell us what his school is doing to address anti-semitism, while upholding free speech. "squawk box" returns in just a moment >>> brandeis university founded by the jewish community in 1948 to counter anti-semitism weighing in on the terror attacks in israel and their president ron liebowitz discusses what the school is...
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Dec 27, 2023
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diana olick joins us now with more.man with the answers. >> good morning, contessa. 2023 may have been the least affordable housing market in history. record high and rising home prices combined with rising mortgage rates which don't usually go together made that happen. through october, at least, the typical 2023 home buyer needed to earn an annual income of at least $110,000 if they wanted to spend no more than 30% of their earnings on monthly housing payments for the median-priced home. that's according to red fin. the median household income is about $70,000. mortgage rates started this year at about 6.5% and rose steadily over 8%, jumping there in october. they have since fallen back sharply and will start next year about where they did this year. so, let's compare a 6% mortgage rate to an 8% mortgage rate. so, if you're buying a $400,000 home with 20% down on a 30-year fixed mortgage at 6%, your monthly payment is $1,918. that's without insurance or property taxes. at 8%, that jumps to $2,348. a difference of $430
diana olick joins us now with more.man with the answers. >> good morning, contessa. 2023 may have been the least affordable housing market in history. record high and rising home prices combined with rising mortgage rates which don't usually go together made that happen. through october, at least, the typical 2023 home buyer needed to earn an annual income of at least $110,000 if they wanted to spend no more than 30% of their earnings on monthly housing payments for the median-priced...
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Dec 4, 2023
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diana olick is live on the ground, and she's going to join us next. we've already seen billions of new government dollars sent for the fight against climate change, and that could mean big opportunity for corporate icera. we'll talk to the president of microsoft coming up next on "squawk box." changing weather patterns are impacting the way we live and the value of businesses large and small. this can mean disruption to supply chains, changing demand for products and shifting regulation. what does this mean for your business, your clients, and your investments? ice offers data and markets that can provide critical insight. manage your climate risk with ice. if your business needs a new application then developers will have to write code. a lot of code. if an application needs to be modernized then you'll need time, resources... and caffeine. if this sounds daunting then use watsonx code assistant ai designed to multiply developer productivity so you can generate code quickly. let's create a more modern foundation for business, with watsonx code assist
diana olick is live on the ground, and she's going to join us next. we've already seen billions of new government dollars sent for the fight against climate change, and that could mean big opportunity for corporate icera. we'll talk to the president of microsoft coming up next on "squawk box." changing weather patterns are impacting the way we live and the value of businesses large and small. this can mean disruption to supply chains, changing demand for products and shifting...
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Dec 27, 2023
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diana olick join us with a look at what to expect. will it?porter: that remains to be seen on a number of factors because 2023 may have been the least affordable year for housing in history. record high and rising home prices combined with rising mortgage rates which don't usually go together made that happen. through october, the typical home buyer needed to earn an annual income of at least $110,000, if they wanted to spend no more than 30% of their earnings on house payments for the median priced home. the median household income is $75,000. so mortgage rates started at 6.5%, jumping over 8 p% in october. they will start next year about where they did this year. so let's compare a 6% port ga -- 6% mortgage rate compared to 8%. at 6% a $400,000 mortgage your payment is 1918. and at 8% that jumps $430 a month. lower rates help on the payment but home prices continue to rise and the gains are getting bigger because the supply of homes for sale is so low. as of october, prices were up 4.8% year over year. that's the largest annual gain of the y
diana olick join us with a look at what to expect. will it?porter: that remains to be seen on a number of factors because 2023 may have been the least affordable year for housing in history. record high and rising home prices combined with rising mortgage rates which don't usually go together made that happen. through october, the typical home buyer needed to earn an annual income of at least $110,000, if they wanted to spend no more than 30% of their earnings on house payments for the median...
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Dec 22, 2023
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the month supply jumping up to 9.2 months, it had been 7.9 months, and i know if diana olick were hereer that number there, which shows up, return of normalcy in this regard. interesting that homes have come back on the market or that number of homes on the market not necessarily selling. meanwhile, the average price declining by 6%. that's going to help in terms of the inflationary numbers we're looking at. speaking of the inflationary numbers, carl, they were pretty interesting this morning. i have a couple ways i want to show you this number. the first thing is -- that peak was 5.7 in february of 2022. november year over year down to 3.16 on the core. three-month annualized 2.2. look at the fed forecast for the end of 2024 at 2.4%. looking at the difference between the top and bottom number suggest to some the fed may have more work to do than it thinks in terms of reducing rates and that then then propels the next screen up there, look at where the market is pricing in. just look at the january 2025 contract, 3.73. that would be 6 or 7 rate cuts from here. again, more than the fed
the month supply jumping up to 9.2 months, it had been 7.9 months, and i know if diana olick were hereer that number there, which shows up, return of normalcy in this regard. interesting that homes have come back on the market or that number of homes on the market not necessarily selling. meanwhile, the average price declining by 6%. that's going to help in terms of the inflationary numbers we're looking at. speaking of the inflationary numbers, carl, they were pretty interesting this morning....
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Dec 6, 2023
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they're still higher as diana olick points out but moving in the right direction for people.s for sure. >>> overall take on the economy, as we get more data points every day, that you share with us. soft landing so far. >> soft landing intact. >> looking good. >> i pulled out one chart i thought was good because we got the pmis. the manufacturing data from around the world. it is a global story. here's citi group, shows the picture. the blue line in the middle is global manufacturing blended rate. it's below 50 so still contracting. however, it's ticking up. and citi economists suggest maybe we've seen the bottom in global manufacturing. the orange line is developed markets so worse shape than emerging markets. the green line is emergiing markets above 50 so expansion territory. so this is a signal, manufacturing is. if we do continue to see a little bit of recovery it could mean we've seen the bottom in manufacturing and trade and that could be the good news going into next year. >> right. market continues to think the fed is going to cut next year. >> the question is when,
they're still higher as diana olick points out but moving in the right direction for people.s for sure. >>> overall take on the economy, as we get more data points every day, that you share with us. soft landing so far. >> soft landing intact. >> looking good. >> i pulled out one chart i thought was good because we got the pmis. the manufacturing data from around the world. it is a global story. here's citi group, shows the picture. the blue line in the middle is...
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Dec 12, 2023
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d diana olick joins us from dubai on that. and what seems to be the sticking point, diana?to phase down or phase out the use of fossil fuels. it said companies should take action to reduce production and consumption of fossil fuels. this is a major blow to those who expected ambitious action to slow global warming. al gore posted on x, it is deeply offensive to all who have taken this process seriously. this cop is on the verge of complete failure and that the deal reads as if opec dictated it word for word. the cop presidency led by the ceo of the oil company called it, quote a huge step forward. one analyst responded saying i'm not sure which direction that step would be in. outside of the formal deal, among nations still under negotiation, there was progress here made by countries and companies on issues like regenerative agriculture. >> what i have been encouraged by at this cop is there's been some pretty big announcements and some real money put at it. is it enough? it's never enough because we're really talking about transforming a food system. >> and i will say the
d diana olick joins us from dubai on that. and what seems to be the sticking point, diana?to phase down or phase out the use of fossil fuels. it said companies should take action to reduce production and consumption of fossil fuels. this is a major blow to those who expected ambitious action to slow global warming. al gore posted on x, it is deeply offensive to all who have taken this process seriously. this cop is on the verge of complete failure and that the deal reads as if opec dictated it...
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Dec 5, 2023
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there are several different threads to this story, diana olick is live in dubai and she is followingdustry executives here at the cop are reacting to the first major agreement on emissions. 50 companies pledged to nearly eliminate methane emissions by the end of the this decade. and that's not just from coal and oil, but natural gas. i spoke with the ceo of the williams company, a u.s. nat gas processing and transportation firms, who said he's here not because he's worried about his business, but because he wants to grow it. >> frankly our industry, and the gas pipeline industry has always been kind of off the radar screen, and we've always liked it that way. but it's really time we get our voice out there, and talk about what an opportunity there is to utilize natural gas to reduce emissions around the world. we're continuing to grow coal use around the world. and the fact is, natural gas is one of the few things that is more economic and therefore, it's one of the few things that we can deploy in scale without government subsidy to reduce emissions dramatically around the world. >>
there are several different threads to this story, diana olick is live in dubai and she is followingdustry executives here at the cop are reacting to the first major agreement on emissions. 50 companies pledged to nearly eliminate methane emissions by the end of the this decade. and that's not just from coal and oil, but natural gas. i spoke with the ceo of the williams company, a u.s. nat gas processing and transportation firms, who said he's here not because he's worried about his business,...
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Dec 6, 2023
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diana olick joins us now. >>> real estate accounts for 40% of greenhouse global emissions.ruction and operations of buildings. here at the cop, the united states joined 60 countries with a pledge to cut cooling emissions by o 2050. i spoke with the ceo of johnson controls who was here at the cop talking ai in air-conditioning. >> there's going to be a huge demand as heating and cooling grows across the globe. our job is to make sure it's got the most efficient equipment. water innovation around the refridge rant, and making sure we're working to deploy the digital platform so we can obviously make that equipment more efficient when putting it into operation. >>> electrification of buildings is another. that's the concern for california. the transition mufrt still include fossil fuels >> for california, we still see a need for fossil fuel 2045 to retain the most affordable pathway possible. but, again, using the negative carbon to take care of emissions. that's why at least 2045 is a facedown. beyond that there's probably a phaseout as technologies mature. >> taking key meas
diana olick joins us now. >>> real estate accounts for 40% of greenhouse global emissions.ruction and operations of buildings. here at the cop, the united states joined 60 countries with a pledge to cut cooling emissions by o 2050. i spoke with the ceo of johnson controls who was here at the cop talking ai in air-conditioning. >> there's going to be a huge demand as heating and cooling grows across the globe. our job is to make sure it's got the most efficient equipment. water...