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Jun 21, 2024
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ja eamon javers has the latest. >> reporter: good morning, frank. day of fallout in the auto dealership sector after the cyber attack cdk which makes the software that powers many auto dealers across the country. cdk said this was a two-tier attack on tuesday and wednesday this week. it is working to reinstate services and get dealers businesses back to normal soon. the company says it works with more than 15,000 retail locations across north america. in trading yesterday, auto dealership stocks, carvana and auto nation got clobbered. you see the numbers on the screen. shares of brookfield business partners got hit, too. cdk global is one of their biggest holdings. on "last call" last night, celebrity motor car tom maoli described what dealers are facing. >> customers are coming in. consumers are coming in. we are selling cars, but we cannot book the cars or get them to the banks. >> reporter: now so far no word from the company on who may have been responsible for this attack or whether any ransom has been in demand or whether dealers will reservic
ja eamon javers has the latest. >> reporter: good morning, frank. day of fallout in the auto dealership sector after the cyber attack cdk which makes the software that powers many auto dealers across the country. cdk said this was a two-tier attack on tuesday and wednesday this week. it is working to reinstate services and get dealers businesses back to normal soon. the company says it works with more than 15,000 retail locations across north america. in trading yesterday, auto dealership...
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Jun 25, 2024
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eamon javers joins us now with more. hi, eamon. >> hi there, taylor.ledges that it will not be able to get all dealers live before june 30th. now, according to a copy of the message obtained by cnbc this hour, the company is telling its customers should you need to make alternate plans for your month-end financial close process, you should do so. now that will likely be frustrating for car dealers across the country who are reeling from the impact on their businesses from the cyberattack on cdk. as many as six publicly-traded auto dealers already filed notices with the s.e.c. warning of a impact to their businesses. cdk is not answering questions about the cyberattack but put out a statement on saturday saying in part, we have begun the restoration process. based on the information we have at this time, we anticipate that the process will take several days to complete, and in the interim, we are continuing to actively engage with our customers and provide them with alternate ways to conduct business. now, all of this raises questions, tyler, for the ca
eamon javers joins us now with more. hi, eamon. >> hi there, taylor.ledges that it will not be able to get all dealers live before june 30th. now, according to a copy of the message obtained by cnbc this hour, the company is telling its customers should you need to make alternate plans for your month-end financial close process, you should do so. now that will likely be frustrating for car dealers across the country who are reeling from the impact on their businesses from the cyberattack...
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Jun 6, 2024
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eamon javers looking at how the deal came together and the ai regulations and steve kovac is here witht's involved and deidre bosa is in san francisco with the silicon valley reaction. >> tyler, multiple source confirm that they are in the final stages to divide antitrust unkwirys into nvidia, microsoft and open ai. several of the most dominant players in the rapidly emerging ai space. the deal was first reported by "the new york times." it largely covers the investigations into the behavior of the companies, i'm told, not necessarily the mergers and acquisitions by the companies. i am also told that the department of justice will look at taiwanese chipmaker tsmc in any upcoming investigation, if it comes. that's according to a source familiar with the matter because tsmc has operations in the united states and it comes under the department of justice's jurisdiction even though it's based in taiwan. that signals that the u.s. government investigative effort will be focused on hardware and chip piece of the industry as well as the software and large language model side of the industry.
eamon javers looking at how the deal came together and the ai regulations and steve kovac is here witht's involved and deidre bosa is in san francisco with the silicon valley reaction. >> tyler, multiple source confirm that they are in the final stages to divide antitrust unkwirys into nvidia, microsoft and open ai. several of the most dominant players in the rapidly emerging ai space. the deal was first reported by "the new york times." it largely covers the investigations into...
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Jun 25, 2024
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we have our eamon javers with new developments in the big cdk global hack. what can you tell us?oftware used by dealerships to process their sales and their service departments. cdk global sending out a notice to the customers this afternoon saying we do feel it's important to share that we do not believe that we will be able to get all dealer's live prior to june 30th. should you need to make an alternate plans for your month-end financial close process, you should do so. so, that will be frustrating to hear by the thousands of auto dealers that use cdk soft war hit so badly by this cyberattack that began a week ago. now they're being told that might not be up and running for the month-end close process, which is so important in that auto dealership space, as you know, kelly. a lot more on all of this in the next hour. as you know, we'll talk to a dealer, a cybersecurity expert live from a big auto dealership conference in georgia for all the fallout on this and how it's impacting the industry. that's coming up in the next hour, kelly. >> one of the dealer stocks auto nation dow
we have our eamon javers with new developments in the big cdk global hack. what can you tell us?oftware used by dealerships to process their sales and their service departments. cdk global sending out a notice to the customers this afternoon saying we do feel it's important to share that we do not believe that we will be able to get all dealer's live prior to june 30th. should you need to make an alternate plans for your month-end financial close process, you should do so. so, that will be...
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Jun 13, 2024
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as we wait for him to take the podium, let's bring in eamon javers with what's at stake. >> reporter:leaders are speaking about using proceeds from russian banks and back a $50 billion loan to continue the fight against russian aggression. the u.s. is prepared to commit the entire $50 billion, if necessary, but the expectation is that other nations will step forward as well. there are about $300 billion in frozen assets held in the west. some americans have argued that western countries should simply confiscate all of that russian murn and send it to ukraine to finance the war, but european nations appear reluctant to go that far. among their concerns are driving away capital from other regimes around the world that might fear asset seizures of their own at some point in the future and a fear of an equivalent russian response against russian assets in russia. earlier we saw president biden at a global infrastructure event with two business leaders who are members of the business roundtable in the united states and if when the scheduling had been different, could have been in the room
as we wait for him to take the podium, let's bring in eamon javers with what's at stake. >> reporter:leaders are speaking about using proceeds from russian banks and back a $50 billion loan to continue the fight against russian aggression. the u.s. is prepared to commit the entire $50 billion, if necessary, but the expectation is that other nations will step forward as well. there are about $300 billion in frozen assets held in the west. some americans have argued that western countries...
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Jun 21, 2024
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eamon javers has more on this hack. >> reporter: that's right.llout at ought ore dealerships after software provider cdk which makes the software that powers so many companies across the country. they say it was a two-tiered attack hitting had the company on tuesday and wednesday. the company told the reuters news service it's working to reinstate its services and getting dealers' business back to normal soon. the company says it works with more han 15,000 retail locations across north america. not clear right now exactly how many of those have been affected, but celebrity motorcar company owner tom maloney described what dealers are facing here. >> it's a disaster. i have to tell you customers are coming in and consumers are coming in. we can't book the deals, finance the deals, get them to the banks. >> reporter: in a statement the national automobile dealers association says deal remembers very committed to protecting their customer information and are actively seeking information from cdk to determine the nature and scope of the cyber inciden
eamon javers has more on this hack. >> reporter: that's right.llout at ought ore dealerships after software provider cdk which makes the software that powers so many companies across the country. they say it was a two-tiered attack hitting had the company on tuesday and wednesday. the company told the reuters news service it's working to reinstate its services and getting dealers' business back to normal soon. the company says it works with more han 15,000 retail locations across north...
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Jun 18, 2024
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eamon javers, thank you very much. and thank you, everybody, for watching "power lunch."rts right now. >> all right, guys, thanks so much. welcome to "closing bell." i'm scott wapner live from post nine at the new york stock exchange. this make or break hours begins with the rally and why wall street getting more bullish on stocks. the big question, should you do the same? we will ask that question to super investor keith mymeister. in the meantime, your scorecard with 60 minutes to go in regulation, looks like this. a disappointing retail number today sending yields lower and capping some of the activities in the major averages, as you see. there's the move in yields, but we're not doing too much. sectors pretty split as well. tech is leading once again.
eamon javers, thank you very much. and thank you, everybody, for watching "power lunch."rts right now. >> all right, guys, thanks so much. welcome to "closing bell." i'm scott wapner live from post nine at the new york stock exchange. this make or break hours begins with the rally and why wall street getting more bullish on stocks. the big question, should you do the same? we will ask that question to super investor keith mymeister. in the meantime, your scorecard with...
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Jun 4, 2024
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that was eamon javers along with house speaker mike johnson covering everything from the level of debto the independence of the federal reserve to the recent trial of former president trump and whether he himself would support an election result if joe biden were to be re-elected. we're going to take a break, monitor this from our ceo summit down in washington. if there's more news to share, anme"perun" t. meti, ow lchwill be back in just two minutes. ♪ ♪ ♪ ♪ ♪ ♪ trading at schwab is now powered by ameritrade, giving traders even more ways to sharpen their skills with tailored education. get an expanding library filled with new online videos, webcasts, articles, courses, and more - all crafted just for traders. and with guided learning paths stacked with content curated to fit your unique goals, you can spend less time searching and more time learning. trade brilliantly with schwab. a slow network is no network for business. that's why more choose comcast business. and now, we're introducing ultimate speed for business —our fastest plans yet. we're up to 12 times faster than verizon, a
that was eamon javers along with house speaker mike johnson covering everything from the level of debto the independence of the federal reserve to the recent trial of former president trump and whether he himself would support an election result if joe biden were to be re-elected. we're going to take a break, monitor this from our ceo summit down in washington. if there's more news to share, anme"perun" t. meti, ow lchwill be back in just two minutes. ♪ ♪ ♪ ♪ ♪ ♪ trading...
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Jun 27, 2024
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back to eamon javers. >> that's right.ty and exchange commission what supreme court is holding is that the seventh amendment entitles somebody being accused by the sec of a trial by jury, not necessarily an administrative procedure as the sec often does with some of these cases handling them sort of in house, what the supreme court is saying is no, if the sec is going to bring charges against somebody they need to do it in federal court and those people entitled to a jury of their peers. interesting note here, karl, not often you see the supreme court decisions go back to the revolutionary war, particularly on administrative and regulatory decisions but in this case they are citing the war against the british sand i say when the british attempted to evade american juries siphoning to juriless admirty and vice admiral and chancellory courts they protested and cited as a justification for declaring independence. similarly the sec, similarly to the british, should not be removing these cases to a juriless forum. in fact, the
back to eamon javers. >> that's right.ty and exchange commission what supreme court is holding is that the seventh amendment entitles somebody being accused by the sec of a trial by jury, not necessarily an administrative procedure as the sec often does with some of these cases handling them sort of in house, what the supreme court is saying is no, if the sec is going to bring charges against somebody they need to do it in federal court and those people entitled to a jury of their peers....
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Jun 6, 2024
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eamon javers in washington for us.s could take, oftentimes, these things take a very long time before anything happens. so, is this something investors should really focus on right now? >> well, if you look over the last five years, we've seen investigations of amazon, facebook, google, apple, and really, they don't mean a whole heck of a lot. i would just say, what's different about, like, focusing on these three companies right now is they're obviously some of the first movers in an area that is very different from, i think, you know, very different than the internet. the internet was going to be very discuppive. this has the potential to go at a much faster pace and have much bigger implications on every part of our society, not just industry and the like, so, to keep these companies honest, i think it makes some sense, you know what i mean? i think the doj and the ftc have clearly overstepped. they have not been able to prove anything in these situations, but hopefully this is something that does not thwart innovat
eamon javers in washington for us.s could take, oftentimes, these things take a very long time before anything happens. so, is this something investors should really focus on right now? >> well, if you look over the last five years, we've seen investigations of amazon, facebook, google, apple, and really, they don't mean a whole heck of a lot. i would just say, what's different about, like, focusing on these three companies right now is they're obviously some of the first movers in an...
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Jun 28, 2024
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eamon javers. the last trading day of the quarter in the half. s&p up 15% for the year.t 30% in the first half. and the best performing sector. can the rally roll on in 2-h. joining us jeremy siegel, professor at university of pennsylvania's wharton school, chief economist at wisdom tree. great to have you. pretty nice gains here mid year. we are seeing people say why not tap the brakes. what do you think? >> well, i think the momentum is still there. by the way, we're talking about, you know, what happened last night during that hour and a half, s&p futures were trading and they were up 10 points. so the question of, at least at this point, did the stock market like trump better than biden, i think that vote at least was taken then. now, of course, when policies finally get enacted, things can change very, very differently. and secondly, you know, if trump does -- is -- decided to step down and a free new possible nominee for the democratic party, remember, early hopefuls were interesting, almost anybody but trump on the republican side easily beat biden and almost anyo
eamon javers. the last trading day of the quarter in the half. s&p up 15% for the year.t 30% in the first half. and the best performing sector. can the rally roll on in 2-h. joining us jeremy siegel, professor at university of pennsylvania's wharton school, chief economist at wisdom tree. great to have you. pretty nice gains here mid year. we are seeing people say why not tap the brakes. what do you think? >> well, i think the momentum is still there. by the way, we're talking about,...
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Jun 26, 2024
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we were talking to eamon javers about the latest scuttlebutt.mber if i were the president. when we talk about it, it is all we talk about. and he should probably delay it until the day of voting, maybe. do you have a pick, a preference? >> you know, i like all the names. all these people are my friends. and we have -- i mean, listen, it is not a political answer. it is a great bench. we have a deep bench. we're blessed with that in our party. unlike the democrats, they can't seem to muster any candidates better than biden and harris. we have a long list of folks who would do a great job and they all bring different things to the table. donald trump is the only person who makes that decision and i talked to him about all these things frequently. but we'll see. we'll see what he ultimately decides. >> nothing in this world is surprising anymore. and if it was a -- it won't be, i'm sure, but if there was a total disaster, i think they could come up with someone, the democrats, if they had to replace it. you think that's a zero percent chance that t
we were talking to eamon javers about the latest scuttlebutt.mber if i were the president. when we talk about it, it is all we talk about. and he should probably delay it until the day of voting, maybe. do you have a pick, a preference? >> you know, i like all the names. all these people are my friends. and we have -- i mean, listen, it is not a political answer. it is a great bench. we have a deep bench. we're blessed with that in our party. unlike the democrats, they can't seem to...
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Jun 6, 2024
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eamon, thank you. eamon javers with the latest. joe back with us. you hold a lot of these companies within your jt etf. haven't hear regulatory noise before from d.c. hasn't amounted to much in terms of stock performance. not going decades back to the landmark microsoft case. how do you think about this? >> so you look at, in particular, nvidia. they've been very clear directing their chips to their customers who will actually be using those chips immediately. now does the doj find that potentially that violates some anti-competitive law potentially? what's the ramifications of that? we know most likely a fine. that is not a reason for anyone that is holding the stock to think about paring back the position or moving away nor impede the growth potential for this company itself. we hear about these stories a lot. i understand the reasoning behind it on the part of the ftc and the doj. this has been something that's been speculated about several months now. i really want to be clear. it's not something that motivates you to move away from the position
eamon, thank you. eamon javers with the latest. joe back with us. you hold a lot of these companies within your jt etf. haven't hear regulatory noise before from d.c. hasn't amounted to much in terms of stock performance. not going decades back to the landmark microsoft case. how do you think about this? >> so you look at, in particular, nvidia. they've been very clear directing their chips to their customers who will actually be using those chips immediately. now does the doj find that...
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Jun 13, 2024
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. >> let's get out to eamon javers who is following developments at the g7 summit where president biden an hour ago, eamon, but appears to be held up. >> these things are complicated and the logistics are complicated in scheduling all these folks. we do believe we'll see president bidens and zelenskyy, and we do see them on stage in italy now, both of them taking to their respective rostra in italy. we expect to hear the announcement of a signing of an agreement between the united states and ukraine for $50 billion in financing for the ukrainian war effort. let's listen to the president as we dip in. >> a long-term bilateral commitment with ukraine. president volodymyr zelenskyy and i have just signed that agreement between the united states and ukraine. our goal is to strengthen ukraine's incredible defense and endurance activity for the long term. a lasting peace for ukraine must be underwritten by ukraine's own ability to defend itself now and to deter future aggression any time in the future. the united states is going to help ensure that ukraine can do both, not by sending american
. >> let's get out to eamon javers who is following developments at the g7 summit where president biden an hour ago, eamon, but appears to be held up. >> these things are complicated and the logistics are complicated in scheduling all these folks. we do believe we'll see president bidens and zelenskyy, and we do see them on stage in italy now, both of them taking to their respective rostra in italy. we expect to hear the announcement of a signing of an agreement between the united...
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Jun 28, 2024
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let's bring in eamon javers now for more. >> kelly, what a difference a day makes.an entirely different joe biden at a rally in raleigh, north carolina. he was energetic, did not give the impression of somebody who's at all considering dropping out of this race. he did, at one point, acknowledge the reality of his disastrous performance in the debate last night, but he tried, at some point, to turn that into a bit of a rallying cry for his loyal supporters in the crowd. take a listen. >> i don't want walk as easy as i used to. i don't speak as smoothly as i used to. i don't debate as well as i used to. but i know what i do know. i know how to tell the truth. i know right from wrong. and i know how to do this job. >> after you heard biden there saying, "i know how to do this job," we saw the crowd rallying to his support, saying, "yes, you can," an echo of the obama-era chant, "yes, we can." the question now for the democratic party is, what can they do? there's a number of scenarios here after that very poor performance last night from biden, starting with just simp
let's bring in eamon javers now for more. >> kelly, what a difference a day makes.an entirely different joe biden at a rally in raleigh, north carolina. he was energetic, did not give the impression of somebody who's at all considering dropping out of this race. he did, at one point, acknowledge the reality of his disastrous performance in the debate last night, but he tried, at some point, to turn that into a bit of a rallying cry for his loyal supporters in the crowd. take a listen....
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Jun 18, 2024
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eamon javers, thank you very much. and thank you, everybody, for watching "power lunch." great to be you, mel. >> i'll see you tonight at 5:00 on "fast." "closing bell" starts right now. >> all right, guys, thanks so much. welcome to "closing bell." i'm scott wapner live from post nine at the new york stock exchange. this make or break hours begins with the rally and why wall street getting more bullish on stocks. the big question, should you do the same? we will ask that question to super investor keith mymeister. in the meantime, your scorecard with 60 minutes to go in regulation, looks like this. a disappointing retail number today sending yields lower and capping some of the activities in the major averages, as you see. there's the move in yields, but we're not doing too much. sectors pretty split as well. tech is leading once again. that's thanks to gains in n nvidia, which passes microsoft to become the most valuable company in the market bhap a stunning run. you can see the chart, lower left, upper right. pretty much tells the story. goldman sachs, too, having a pr
eamon javers, thank you very much. and thank you, everybody, for watching "power lunch." great to be you, mel. >> i'll see you tonight at 5:00 on "fast." "closing bell" starts right now. >> all right, guys, thanks so much. welcome to "closing bell." i'm scott wapner live from post nine at the new york stock exchange. this make or break hours begins with the rally and why wall street getting more bullish on stocks. the big question, should you...
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Jun 20, 2024
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eamon javers in d.c. for us. >>> accenture shares are soaring.e company missing earnings estimates but the stock getting a boost on growing ai sales which hit a milestone. raising its outlook. joining us is accenture ceo julie sweet. great to have you with us. >> thank you. great to be here. >> the stock is up 6.4%. how much are you positioning accenture as an ai company at this point? >> well, our -- first of all we did have $21 billion in bookings overall, which is super exciting and we hit two major milestones. we hit $2 billion in generative a.i. bookings year to date and as compared to the entire fiscal year 23. last year we had $300 million in boogsings and $100 million in revenue. great to see our momentum in this very important technology and overall $21 billion in bookings which demonstrates our resilience and relevance to our clients. >> how do you see the spend on ai, julie, amongst your clients? are they pairing back in others areas to deploy more ai? give us the sense of how companies are spending their budget which, of course, is li
eamon javers in d.c. for us. >>> accenture shares are soaring.e company missing earnings estimates but the stock getting a boost on growing ai sales which hit a milestone. raising its outlook. joining us is accenture ceo julie sweet. great to have you with us. >> thank you. great to be here. >> the stock is up 6.4%. how much are you positioning accenture as an ai company at this point? >> well, our -- first of all we did have $21 billion in bookings overall, which is...
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Jun 21, 2024
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eamon javers joins us with the latest. . >> hey there.to dealership sector after a cyber at cd k which makes the software that powers many auto dealers across the country. cd k says this was a two-tiered attack hitting tuesday and wednesday and told reuters it's working to reinstate its services and get dealers' business back to normal soon. the company says it works with more than 15,000 retail locations across north america. in trading yesterday as you can see auto dealership stocks including carvana, car max and auto nation got clobbered. a mixed picture here. this morning, shares of investment field brookfield business partners got hit. you can see the chart there. cd k global one of their biggest holdings. on cnbc's last call last night, motor company owner tom mayoli describes the problems dealers are facing here. >> it's a disaster. customers are coming n consumers coming in, we're selling cars, but we can't book the deals, can't finance the deals or get them to the banks. >> reporter: no word from the company on who may have been
eamon javers joins us with the latest. . >> hey there.to dealership sector after a cyber at cd k which makes the software that powers many auto dealers across the country. cd k says this was a two-tiered attack hitting tuesday and wednesday and told reuters it's working to reinstate its services and get dealers' business back to normal soon. the company says it works with more than 15,000 retail locations across north america. in trading yesterday as you can see auto dealership stocks...
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eamon javers is here with all the details. >> good morning. to cnbc that department of justice and the federal trade commission are in the final staijs now of a deal to divide up antitrust inquiries into nvidia, microsoft, and openai. several of the most dominant players in the rapidly emerging ai space. the deal first reported by "the new york times" this morning largely covers investigations into the behaviors of these companies, i'm told, and not necessarily the mergers and acquisitions that these companies are engaging in. now unless those mergers are tied to products that were already under investigation. so the two agencies here, the doj and the ftc, hashing out this deal. one item that has not been reported so far is that likely to be included here is taiwanese chipmaker tsmc, which will fall under the department of justice's per view in any upcoming investigation. i'm told according to a source familiar. because tsmc has operations in the united states, it comes under the department of justice's jurisdiction here, even though it is bas
eamon javers is here with all the details. >> good morning. to cnbc that department of justice and the federal trade commission are in the final staijs now of a deal to divide up antitrust inquiries into nvidia, microsoft, and openai. several of the most dominant players in the rapidly emerging ai space. the deal first reported by "the new york times" this morning largely covers investigations into the behaviors of these companies, i'm told, and not necessarily the mergers and...
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Jun 28, 2024
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eamon javers is joining us. eamon, if i had to stay up to watch it, i don't know if i would have watched long. >> it was not a debate about policy or ideas. it was a debate about competency and capacity. joe biden's incoherent per performance raised questions as to whether he should still be the party's nominee, but for us and our audience, there were moments in the conversation about the economy in this debate, particularly early on. here are some of the moments. >> he causes inflation. i gave him a country with no, essentially no inflation. it was perfect. all he had to do was leave it alone. he destroyed it with his green new scam and all this money thrown out the window. >> he decimated the economy. absolutely desk cimated the economy. there were no jobs. we provided thousands of millions of jobs for individuals who where in communities. we made sure they had health insurance. we have covered with the aca. i made sure there were $8,000 per person to get written off in healthcare. >> the only thing he was rig
eamon javers is joining us. eamon, if i had to stay up to watch it, i don't know if i would have watched long. >> it was not a debate about policy or ideas. it was a debate about competency and capacity. joe biden's incoherent per performance raised questions as to whether he should still be the party's nominee, but for us and our audience, there were moments in the conversation about the economy in this debate, particularly early on. here are some of the moments. >> he causes...
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Jun 27, 2024
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eamon javers joins us now with more. what's going on? >> good morning, joe.d by cnbc this morning, the committee for responsible federal budget says donald trump presided over spending increase of $4.9 trillion in his first term, while president biden by comparison has overseen $3.8 trillion in spending increases in his first three years in five months in office. how did the committee arrive at these numbers? well, they found that president trump approved $5.3 trillion of what they called growth primary or noninterest spending increases over ten years. $2.5 trillion of that non-covid related. that was partially offset by roughly $500 billion of primary spending cuts. trump net spending increase would be $2.1 trillion without covid. for biden, the committee found that he approved $5.7 trillion of gross primary spending increases and $3.9 trillion without covid. but biden also had $1.9 trillion of primary spending cuts, which offset the higher spending that we saw there in his term. without covid, biden's spending increase would be $2.0 trillion, the committee
eamon javers joins us now with more. what's going on? >> good morning, joe.d by cnbc this morning, the committee for responsible federal budget says donald trump presided over spending increase of $4.9 trillion in his first term, while president biden by comparison has overseen $3.8 trillion in spending increases in his first three years in five months in office. how did the committee arrive at these numbers? well, they found that president trump approved $5.3 trillion of what they called...
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eamon javers. >> we'll see. >>> the figure signaling one rate cut steve liesman has the big takeaways from chair powell's news conference. >>> later, we'll talk to former fed chair roger ferguson who has been right pretty much all along. we're coming right back with that. >>> plus, earyectatrsu srery janet yellen in the next hour. wall street forecasts over $100 billion in sales for weight loss drugs known as glp-1. even with unliked wall street forecasts over and inconvenient injections, dehydratech processing of a glp-1 drug demonstrated improved blood sugar reduction and reduced side effects. more human study results for lexarias patented oral delivery technology are coming soon. lexaria bioscience, transforming the future of glp-1 drug delivery. >>> welcome back to "squawk box. the fed whittling its expected cuts down to one this year and sounding more hawkish than the markets seemed to expect senior economics reporter steve liesman joins us now with more, and the big takeaway, sir? >> andrew, thanks. more hawkish than expected the yesterday rallies were sparked by the good inflat
eamon javers. >> we'll see. >>> the figure signaling one rate cut steve liesman has the big takeaways from chair powell's news conference. >>> later, we'll talk to former fed chair roger ferguson who has been right pretty much all along. we're coming right back with that. >>> plus, earyectatrsu srery janet yellen in the next hour. wall street forecasts over $100 billion in sales for weight loss drugs known as glp-1. even with unliked wall street forecasts over...