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. >>> nvidia is bouncing back in a very big way, by citadel's ken griffin says they have options with different risk/reward profiles. >>> capitol hill be hold a hearing on banning tiktok. the company is not giving up a fight. we look at the intersection of politics and big money. >>> and breaking records on the fourth largest economy, putting the stocks rally at risk. >>> later in the show, the boeing stock wipeout continues as the growing concerns grow for investors and would-be hires. it's march 13th, 2024, wednesday, and you're watching "worldwide exchange" right here on cnbc. >>> good wednesday morning. welcome to "worldwide exchange." thank you so much for being here with us. we're going to get you ready for the trading day ahead. we kick off the hour. after a solid day for stocks yesterday, we saw the s&p close at the 17th record-high of the year. a bit of a mixed picture. the dow opens up 25 points higher. the nasdaq a little hdown. and take a look at yields. the benchmark moving just about four or five basis poimtss from the level we saw it at yesterday. we're looking at energ
. >>> nvidia is bouncing back in a very big way, by citadel's ken griffin says they have options with different risk/reward profiles. >>> capitol hill be hold a hearing on banning tiktok. the company is not giving up a fight. we look at the intersection of politics and big money. >>> and breaking records on the fourth largest economy, putting the stocks rally at risk. >>> later in the show, the boeing stock wipeout continues as the growing concerns grow for...
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. >> this was sort of the topic, david, of sara's discussion with ken griffin yesterday about there beingwo separate risk profiles in the market right now. there's the a.i. trade and the less expensive industrial trade that he talked about. >> talking about both and perhaps not a surprise and not necessarily something our viewers are not well aware of, which is, nvidia looks pretty good. >> channel checks? >> he likes it. he's been doing his channel checks. it looks good, we can take a listen to what mr. griffin had to say to sara eisen. >> none of us know where we are on this journey. what i will tell you is the team at nvidia looks like they're really on top of their game right now. >> yeah. >> they have done just incredible job. it's like the gold mining in california. those that sold the picks made a lot of money. and it's very clear that nvidia, right now, sells one of the most important ingredients in the a.i. story, and they've done an incredible job of capitalizing on it. what's really interesting to see is that the large language models, the barriers to the production of a world-
. >> this was sort of the topic, david, of sara's discussion with ken griffin yesterday about there beingwo separate risk profiles in the market right now. there's the a.i. trade and the less expensive industrial trade that he talked about. >> talking about both and perhaps not a surprise and not necessarily something our viewers are not well aware of, which is, nvidia looks pretty good. >> channel checks? >> he likes it. he's been doing his channel checks. it looks...
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jonathan: ken griffin reference to this, but he. -- addressed it.le bit by a couple of basis points. a few mondays ago in the 400 70's, we came all the way back down on friday so we can all over the place in the last two weeks. let's finish on foreign exchange. won't talk too much about the euro. the dollar-yen, 1.48. just to see the auto manufacturers are having wage negotiations and that is part of the story, the equation for brady want to be in foreign exchange based on where the boj is going to be in the next few months. and we heard from mazda, honda, and toyota as well. lisa: this is the key moment on friday. are you even going to go to sleep? or are you going to just want to just watch the wage negotiations? this is where we are. is this the deciding factor for a central bank that has taken the better part of decades to make any move at all? is this going to be the moment? jonathan: live coverage at my house, daybreak: asia with the team. taking friday off. lisa: you are taking friday off? jonathan: i'm working overnight. lisa: we are going t
jonathan: ken griffin reference to this, but he. -- addressed it.le bit by a couple of basis points. a few mondays ago in the 400 70's, we came all the way back down on friday so we can all over the place in the last two weeks. let's finish on foreign exchange. won't talk too much about the euro. the dollar-yen, 1.48. just to see the auto manufacturers are having wage negotiations and that is part of the story, the equation for brady want to be in foreign exchange based on where the boj is...
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Mar 12, 2024
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annabelle: the citadel founder ken griffin says the fed should move slowly in lowering interest ratesfin says pausing and changing back to higher rates quickly would be the most devastating course of action. he thinks rate cuts would be slower than expected. last week we heard fed chair jay powell san policymakers are nearing the confidence needed to start lowering rates. haidi: a few interesting calls out there and it shows how precarious perhaps expectations are as to how central banks are going to proceed from here. and a lot of focus when it comes to what we are expecting from the bank of japan as well. here in the first 40 minutes or so of trading in australian we have seen the asx two higher gains. we are seeing some outperformance in these thematic names. australian vintage, some of the winery names are doing particularly well today. as we see these expectations build that the most three year long punitive tariffs on australian wines from china might be eased in the coming weeks. we are seeing broad downside when it comes to trading in kiwi stocks. singapore nikkei futures sett
annabelle: the citadel founder ken griffin says the fed should move slowly in lowering interest ratesfin says pausing and changing back to higher rates quickly would be the most devastating course of action. he thinks rate cuts would be slower than expected. last week we heard fed chair jay powell san policymakers are nearing the confidence needed to start lowering rates. haidi: a few interesting calls out there and it shows how precarious perhaps expectations are as to how central banks are...
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. >>> nvidia is bouncing back in a very big way, by citadel's ken griffin says they have options withifferent risk/reward profiles. >>> capitol hill be hold a
. >>> nvidia is bouncing back in a very big way, by citadel's ken griffin says they have options withifferent risk/reward profiles. >>> capitol hill be hold a
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i want to look at citadel, ken griffin what is he saying about future rate cuts. >> the fed should movesake a powell can make is pausing for a long period and having to hike rates again because they could get transitory inflation under control he sees the biggest inflationary factors as government spending and d globalization which i took to mean bringing assembly lines back to the u.s. stuart: thank you very much, it's not time we show you the dow 30. there is strong buying out there e dow was up 150 points, i would say two thirds of the dow 30 are in, not record territory but they're up in the dow is on pace for a record close right now 39157. in chicago a limit of 60 days has been placed on migrant stand in the government run shelters. where are they going when they get kicked out? we will tell you next. ♪ ♪ your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire stuart: republicans are pushing a bill that would exclude
i want to look at citadel, ken griffin what is he saying about future rate cuts. >> the fed should movesake a powell can make is pausing for a long period and having to hike rates again because they could get transitory inflation under control he sees the biggest inflationary factors as government spending and d globalization which i took to mean bringing assembly lines back to the u.s. stuart: thank you very much, it's not time we show you the dow 30. there is strong buying out there e...
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Mar 27, 2024
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somebody like ken griffin pays a relatively low rate for an ultra with the guy. yass pays extremely low taxes because they are very aggressive about those. they don't want higher taxes, and they don't want an irs aggression. >> one of the things a biden administration did was they put more money into the irs. you written and reported on this about the fact that basically wealthy people are thrown off a cliff, that you are more likely to be audited if you are with more poor than wealthy, because they have reinvest did in audits at the top for a huge financial to incentive for the richest people to want to make sure this goes away. >> absolutely. they really wanted. and jeff yass hates taxes. a former partner of his told us, they hate taxes. they really do. and we estimated that he saved about $1 billion in taxes from a scheme that should definitely be audited, according to the x we talk to. so they are very aggressive, they have your eyes right on that, and this is a huge issue for donald trump versus joe biden. >> right now, you have the ow situation where donald
somebody like ken griffin pays a relatively low rate for an ultra with the guy. yass pays extremely low taxes because they are very aggressive about those. they don't want higher taxes, and they don't want an irs aggression. >> one of the things a biden administration did was they put more money into the irs. you written and reported on this about the fact that basically wealthy people are thrown off a cliff, that you are more likely to be audited if you are with more poor than wealthy,...
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sonali: ken griffin also spoke this week about the fed and said the bank needs to be more careful.e said pausing and changing direction back toward higher rates quickly would be the most devastating course of action to pursue. we will discuss this now with lara riem. you were early to say inflation could have a sticky path lower and could potentially stay a little higher for longer. we've seen two months of data upsetting the course. do you think it could get worse in terms of the inflation story moving forward? >> i don't think it has to get worse. what we are experiencing is familiar. every month it's like the data looked great but there is one factor the cause the upside surprise. this is what we keep hearing. that is the 3% inflation backdrop, not by 2% inflation backdrop and that's the problem. that's what the fed will have to wrestle with. i think it will be a lot harder for them to cut rates and markets currently anticipate. sonali: when you say much harder, do you mean the on the first rate cut or even the first one would be difficult? >> i think they will have to wait unti
sonali: ken griffin also spoke this week about the fed and said the bank needs to be more careful.e said pausing and changing direction back toward higher rates quickly would be the most devastating course of action to pursue. we will discuss this now with lara riem. you were early to say inflation could have a sticky path lower and could potentially stay a little higher for longer. we've seen two months of data upsetting the course. do you think it could get worse in terms of the inflation...
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Mar 15, 2024
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. >> ken griffin really connecting the dots there in terms of what it could mean for americans, whatompanies going -- the unintended consequences, which he has been railing against on this s.e.c. and its bevy of proposals. by the way, he also went after, for the first time, really, the biden administration's new rule to ban exports of natural gas, pause exports of natural gas on a similar theme. okay, they're trying to do something good for the environment, but in fact, in reality, what they're telling, according to griffin allies is, okay, just continue with coal. natural gas is -- >> what you will hear oftentimes is price on carbon is really the most effective way to actually mitigate, and until we get that, we're going to be dealing with a lot of different things that don't necessarily get to the source of the problem. >> i mean, hasn't powell resisted this idea that the fed should also be a little bit of a carbon cop, you know, when it comes to banks and what they're doing and lending? i think there is a little bit of a soft backlash here. for sure. >> it's not in his mandate. po
. >> ken griffin really connecting the dots there in terms of what it could mean for americans, whatompanies going -- the unintended consequences, which he has been railing against on this s.e.c. and its bevy of proposals. by the way, he also went after, for the first time, really, the biden administration's new rule to ban exports of natural gas, pause exports of natural gas on a similar theme. okay, they're trying to do something good for the environment, but in fact, in reality, what...
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citadel founder ken griffin said the fed should move more slowly in lowering rates so they don't have course later. speaking at the futures industry association conference, he said pausing direction back toward higher rate most devastating course of action to pursue. you think the fed will be slower than people are expecting for that very reason. the next policy decision is due out next wednesday. jonathan: thank you very much. up next, last call for tiktok. >> the track record with tiktok's maligned conduct is very clear at this point. this is about the maligned conduct that is beholden to the ccp. jonathan: that conversation up next. this is bloomberg. j.p. morgan wealth management knows it's easy to get lost in investment research. get help with j.p morgan personal advisors. hey, david! ready to get started? work with advisors who create a plan with you, and help you find the right investments. so great getting to know you, let's take a look at your new investment plan. ok, great! this should have you moving in the right direction. thanks jen. get ongoing advice; and manage your in
citadel founder ken griffin said the fed should move more slowly in lowering rates so they don't have course later. speaking at the futures industry association conference, he said pausing direction back toward higher rate most devastating course of action to pursue. you think the fed will be slower than people are expecting for that very reason. the next policy decision is due out next wednesday. jonathan: thank you very much. up next, last call for tiktok. >> the track record with...
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Mar 27, 2024
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he has a big stake in tik tok and he also pays way less in taxes than his peers so someone like ken griffin pays a relatively high rate for an old tree-- ultra wealthy guy. yass pays extremely low taxes because they are very aggressive about their taxes. they don't want higher taxes and they don't want an irs that is aggressive. >> and one of the things the biden administration did was put more money into the irs. you've reported on this about the fact that basically audits of wealthy people have fallen off a cliff and you are more likely to be audited if you are poor than wealthy because they've gotten so bad. they have reinvested in audits at the top. they are, there are huge financial incentives for the richest people to make sure this goes away. >> jeff yass hates texas. a former partner of his told us they hate taxes. they really do. they estimated they saved about $1 billion in taxes from a scheme that should definitely be audited according to the experts. they are very aggressive, they have their eye on that and this is a huge issue for donald trump versus joe biden. >> right now you
he has a big stake in tik tok and he also pays way less in taxes than his peers so someone like ken griffin pays a relatively high rate for an old tree-- ultra wealthy guy. yass pays extremely low taxes because they are very aggressive about their taxes. they don't want higher taxes and they don't want an irs that is aggressive. >> and one of the things the biden administration did was put more money into the irs. you've reported on this about the fact that basically audits of wealthy...
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Mar 1, 2024
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the buyer was hedge fund billionaire ken griffin. unclear what ken paid for it.over $150 million. in the meantime, christie's sales of the elton john collection topped $20 million. that was more than twice the original estimate. elton's bentley sold for $441,000. his silver platform boots that he wore in the 1970s on stage, estimated at $5,000. they went for $94,500. the rocketman at auction. >> oh, man. which rothko is number 6? >> i was looking it up. >> 1951. it is a masterpiece. one of the greatest. this has been in storage for the past ten years. he kept it in storage. >> it is not the one i'm thinking of? >> the four paragraphs. four blocks of coverage. >> four? $40 million a color. number 6? >> one of the most important. it was big news when he bought it and now it sold in the private sale. ken griffin can put it on one of his many walls. new york, miami or may donate to a museum. we will see. >> number 6. violet, green and red. >> folks donate to the museum. >> do they get a tax break? i know where you're going, andrew. >> you believe you donate to the mu
the buyer was hedge fund billionaire ken griffin. unclear what ken paid for it.over $150 million. in the meantime, christie's sales of the elton john collection topped $20 million. that was more than twice the original estimate. elton's bentley sold for $441,000. his silver platform boots that he wore in the 1970s on stage, estimated at $5,000. they went for $94,500. the rocketman at auction. >> oh, man. which rothko is number 6? >> i was looking it up. >> 1951. it is a...
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Mar 13, 2024
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. >>> citadel's ken griffin said he thinks the fed should move slowly to cut interest rates.peaking at a conference in florida, forgive p saforgiven s the worst things they could do is cut rates, pause, and start raising rates again. they'd have to do it more quickly, and that's like the stop and start we saw back in the '70s and '80s, which didn't work too well until volcker came along. >>> our next guest nowthat we've said that. our next guest says we should cut rates next week. he's chief economist at pantheon macroeconomics. we were talking off camera, trying to understand -- i think ken griffin and jamie dimon have similar reasons for thinking you should wait, and i think that is that inflation can be resurgent, and if you start and then have to raise later, that increases a hard landing. if jamie dimon is worried about a hard landing, he should want to cut rates now. he's not. i think he's worried about it getting out of control and you have to go much higher. you think a soft landing is happening but they should cut rates now, why? >> i think inflation is going to hurt
. >>> citadel's ken griffin said he thinks the fed should move slowly to cut interest rates.peaking at a conference in florida, forgive p saforgiven s the worst things they could do is cut rates, pause, and start raising rates again. they'd have to do it more quickly, and that's like the stop and start we saw back in the '70s and '80s, which didn't work too well until volcker came along. >>> our next guest nowthat we've said that. our next guest says we should cut rates next...
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Mar 12, 2024
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sara eisen alongside citadel's ken griffin from boca raton, florida.the fed and a lot more. glp-1 drugs used in weight loss treatments stand out as the biggest global blockbuster, but these treatments require cumbersome injections. with lexarias patented oral delivery technology, early studies suggest a better way. lexaria bioscience. >>> welcome back. today, march 12th, is equal payday, a day that symbolizes how far women must work into the year to equal what men earn. >> today this equal payday, we're releasing our annual cnbc survey monkey women at work study. it finds a female workforce frustrated with fewer raises and less career advancement. the survey, the sample of 10,000 women found 39% of women secured pay raises this year, down from 44% who got raises the prior year. 17% of women say their salary is actually lower than it was a year ago. more than 15% of respondents who reported a pay decline last year. women are also struggling with setbacks in promotion. 18% of women said their career experience setback as many who said their career advanc
sara eisen alongside citadel's ken griffin from boca raton, florida.the fed and a lot more. glp-1 drugs used in weight loss treatments stand out as the biggest global blockbuster, but these treatments require cumbersome injections. with lexarias patented oral delivery technology, early studies suggest a better way. lexaria bioscience. >>> welcome back. today, march 12th, is equal payday, a day that symbolizes how far women must work into the year to equal what men earn. >> today...