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larry fink is one of the king of finance f larry fink says this has a shot people will listen. charles: sure. >> what is messenger really matters. all the things about it coiners have been say, 10, 15 years. when it comes from larry fink it has a strength to it. the financial folks take the traditional talking points and repeat them in the media. charles: every parent knows that, you can tell your kids something. taylor swift says it and you're right. let's put up a chart this is from our friend yearian timmer, he is absolutely amazing. bitcoin risk reward ratio. this will blow our mind. you will see a lot of dots a lot of bubbles, all confusing but look at the top corner up by itself that is bitcoin. the rest of those bubbles jammed up. that is all the other assets risk versus reward. what does that tell you? >> to mean it means okay it still may be volatile, in the last 11 years, number one asset eight times, the worst three times. buckle up boys and girls, but you want to be there? >> if you go back over 10 years, bitcoin compounded annual growth rate for a decade is 60% or
larry fink is one of the king of finance f larry fink says this has a shot people will listen. charles: sure. >> what is messenger really matters. all the things about it coiners have been say, 10, 15 years. when it comes from larry fink it has a strength to it. the financial folks take the traditional talking points and repeat them in the media. charles: every parent knows that, you can tell your kids something. taylor swift says it and you're right. let's put up a chart this is from our...
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Apr 12, 2024
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we're joined exclusively by chairman and ceo larry fink. that will be later this hour. >>> we're also watching the semis this morning. qualcomm, intel, amd and nvidia all moving lower ahead of the open. china reportedly telling its telecom carriers to phase out foreign chips. >>> i want to start with the banks and the downturn in the market as well. earnings season kicks off with the likes of jpmorgan and wells fargo and citi, for example. mike, i'd love to just turn to you quickly, just get a sense on the market as well. >> yeah. >> it's been an interesting day yesterday with that move up in apple shares, particularly, as the day went on. obviously, moved the nasdaq appreciably higher. what do we think is behind some of the weakness we're seeing beyond these bank earnings, which, at the worst, are a mixed picture? >> i don't think it's bank earnings, necessarily, the catalyst. yesterday, the indexes were rescued by not just apple bouncing on some reports about some a.i. macbooks and whatnot, but nvidia going up 4% becauses this the market
we're joined exclusively by chairman and ceo larry fink. that will be later this hour. >>> we're also watching the semis this morning. qualcomm, intel, amd and nvidia all moving lower ahead of the open. china reportedly telling its telecom carriers to phase out foreign chips. >>> i want to start with the banks and the downturn in the market as well. earnings season kicks off with the likes of jpmorgan and wells fargo and citi, for example. mike, i'd love to just turn to you...
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Apr 5, 2024
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larry fink has been ceo and chairman since he founded blackrock in 1988. >>> u.s. army corps of engineers is looking to restore full access to the port by the end of may. the channel has been blocked by the cargo ship collapsing the francis scott key bridge. >>> and the gamestop coo exits the company. his position will be absorbed by other key positions. >>> the big event of the day is the jobs report out at 8:30 a.m. eastern time. it is another busy day of fed official speeches. we hear from susan collins and tom barkin and michelle bowman today. >>> we are checking our futures today with the dow implied higher by 63 points and s&p by 15. for more, let's bring in jason katz at ubs. jason, this is very much a day about the jobs number. do you feel the economic narrative in america can change significantly with what happens today at 8:30 a.m.? >> the porridge his to be just right, dom. if we have an extreme number on either ide, you will have a binary reaction. that is not our expectation whatsoever. i think good news will be construed as it should be as good news.
larry fink has been ceo and chairman since he founded blackrock in 1988. >>> u.s. army corps of engineers is looking to restore full access to the port by the end of may. the channel has been blocked by the cargo ship collapsing the francis scott key bridge. >>> and the gamestop coo exits the company. his position will be absorbed by other key positions. >>> the big event of the day is the jobs report out at 8:30 a.m. eastern time. it is another busy day of fed...
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i did not ask larry fink just so you know. larry fink, is jamie going to survive the next two years, if he wants to. liz: up to them. >> i guaranty you ask some one like that david solomon, they would be like, i don't think so. dissension. traders don't like him. number two john waldron is kind of liked. he might not be the answer long term but might be sort of the interhim guy. i'm saying there is something here with david solomon and this jobe which makes you think, you know, at some point, you know, he may just cash it in. liz: you keep hearing this. you know holds on. he is solid at least in his own mind. >> i like the guy. i don't want to see him leave. i think he is a good man. he was handed some crap too. by the way did you see the eclipse? liz: no, i missed it completely. >> you remember that song total eclipse of the sun? the heart. liz: total eclipse of the heart. thank you. >> who sang that song? do you know who sang that? liz: chosing bell, three minutes away. check on the solar eclipse. cleveland coming out of the
i did not ask larry fink just so you know. larry fink, is jamie going to survive the next two years, if he wants to. liz: up to them. >> i guaranty you ask some one like that david solomon, they would be like, i don't think so. dissension. traders don't like him. number two john waldron is kind of liked. he might not be the answer long term but might be sort of the interhim guy. i'm saying there is something here with david solomon and this jobe which makes you think, you know, at some...
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Apr 12, 2024
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larry fink will join "squawk on the street." that is at 9:00 a.m. and the cfo of wells fargo joins "money movers" this morning. >>> ahead here on "worldwide exchange," the morning call sheet and the fresh call for novo nordisk finding a fresh appetite for that stock. we'll be right back. ♪♪ the road to opportunity. is often the road overlooked. at enterprise mobility, we guide companies to unique solutions, from our team of mobility experts. because we believe the more ways we all have to move forward the further we all go. at ameriprise financial our advice is personalized based on your goals, whatever they may be. all that planning has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice... i can make this work. that seems to be universal. i can make this work. i can make this work. no wonder more than 9 out of 10 clients are likely to recommend us. because advice worth listening to is advice worth talking about. ameriprise financial. >>> welcome back to "worldwide exchang
larry fink will join "squawk on the street." that is at 9:00 a.m. and the cfo of wells fargo joins "money movers" this morning. >>> ahead here on "worldwide exchange," the morning call sheet and the fresh call for novo nordisk finding a fresh appetite for that stock. we'll be right back. ♪♪ the road to opportunity. is often the road overlooked. at enterprise mobility, we guide companies to unique solutions, from our team of mobility experts. because we...
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Apr 11, 2024
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a little bit of a gift here. >>> blackrock reports tomorrow and larry fink will visit tomorrow. don't miss that first on cnbc. it's always interesting to hear on the network after earnings are released about that. the headlines with dom chu. >>> a rule, a judge, a judge rule today. the new jersey senator bob menendez and wife nadine menendez, will stand trial separately for their bribery case. that judge mapd the ruling due in part to nadine menendez's health and she would need to find new lawyers within 30 days as her current team would have to step aside due to conflicts of interest. senator menendez is scheduled to stand trial may 8. >>> u.s. aid administrator said it was credible to assess famine already happening in gaza. she noted that prior to october 7th, the rate of malnutrition was nearly zero but now one in three children. power's response makes her the first to publicly agree famine is happening in the war torn region. >>> and crews are working quickly to patch a 60-foot crack in a utah dam that could endanger a town nearby. while state and local officials believe th
a little bit of a gift here. >>> blackrock reports tomorrow and larry fink will visit tomorrow. don't miss that first on cnbc. it's always interesting to hear on the network after earnings are released about that. the headlines with dom chu. >>> a rule, a judge, a judge rule today. the new jersey senator bob menendez and wife nadine menendez, will stand trial separately for their bribery case. that judge mapd the ruling due in part to nadine menendez's health and she would...
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Apr 11, 2024
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larry fink was there. i'm saying all those companies deserve a rerating, because they're obviously in the room. there you go. tim cook was there. >> there's larry fink. >> larry fink was there. >> right. >> will you look at this? >> reporting numbers tomorrow as well. >> there's judy and jamie. >> masa was on these shores. >> there's bezos. >> that's quite a showing. >> oh, yeah. great showing. >> who's that? >> is that brad? this thing's amazing. you got to take all these stocks up, david. >> look. look who it is. it's the chair. >> that's jay and alyssa. fantastic. >> everybody's looking so sharp. >> we don't have to keep running it now. >> where's sanjay? >> larry had to walk in alone. >> larry's the best. >> where's sanjay and his wife, who are dynamite? i would have put him in that list. marvin christian is up a lot. come on, let's go with the hitters. >> you got anything else to talk about, stock-wise? >> i was so good on that. >> you were great. apple, meta, alphabet, microsoft are all up. >> you be
larry fink was there. i'm saying all those companies deserve a rerating, because they're obviously in the room. there you go. tim cook was there. >> there's larry fink. >> larry fink was there. >> right. >> will you look at this? >> reporting numbers tomorrow as well. >> there's judy and jamie. >> masa was on these shores. >> there's bezos. >> that's quite a showing. >> oh, yeah. great showing. >> who's that? >> is that...
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Apr 2, 2024
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david: in addition to ray dalio who we have on friday -- larry fink last week. we have larry summers. the jobs numbers are coming out on friday. he will talk about what's going on. we are watching the financial markets and we are seeing the yields go up. katie: we have some jolts data suggesting the labor market is still very strong. it will be a fascinating conversation to look forward to. this is bloomberg. ♪ katie: disney's showdown with activist investors set to conclude when they hold their shareholder meeting tomorrow. investors had looked beyond the ongoing boardroom battle. shares have rallied over 30% this year alone. let's bring in keith, bloomberg intelligence meeting analysts. when it comes to what the heart of this dispute is, it's about succession but it's also about streaming. what is the big issue here? >> you are absolutely right. succession has been a constant point for disney and that is something brought up by the activist investors, especially nelson peltz. that is something they will have to resolve. bob iger's term expires at the end of
david: in addition to ray dalio who we have on friday -- larry fink last week. we have larry summers. the jobs numbers are coming out on friday. he will talk about what's going on. we are watching the financial markets and we are seeing the yields go up. katie: we have some jolts data suggesting the labor market is still very strong. it will be a fascinating conversation to look forward to. this is bloomberg. ♪ katie: disney's showdown with activist investors set to conclude when they hold...
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Apr 3, 2024
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i agree with what ken griffin and larry fink said. i think the discussion around the debt and deficit is a little bit too simplistic because, yes, it is ok to have some level of debt and deficit. i think most people in their lives have it and i think the government is the same. the trouble you get into is when you start growing that deficit and the debt more quickly than the economy. and there is no agreement on what to do about this. if the parties would step back and focus on growing the economy, the decisions to correct the situation would be easier. the political cost a little less if people could focus on how we are growing the economy instead of the policy that's underway. >> isn't that the argument that the former administration made? that we can have more debt but we will do it because we are progrowth? >> you have to address both. there's no question that it is the demographics in our country and the health care costs in the increase of those turbocharged now with higher interest rates. that's where there is this trifecta of
i agree with what ken griffin and larry fink said. i think the discussion around the debt and deficit is a little bit too simplistic because, yes, it is ok to have some level of debt and deficit. i think most people in their lives have it and i think the government is the same. the trouble you get into is when you start growing that deficit and the debt more quickly than the economy. and there is no agreement on what to do about this. if the parties would step back and focus on growing the...
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Apr 16, 2024
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larry fink said it was $9 trillion in money markets last friday. that, to me, was a brand-new number. it had been $6 trillion. you get an opportunity to buy and you're going to start to see that, i think, another tail wind for equity markets. >> jimmy, bank of america's fund survey most bullish, the most bullish survey since january of 2022. those fund managers are obviously looking at the same kinds of things steph is looking at where they suggest that 78% say a recession is, quote, unquote, unlikely within the next 12 months. largest drop in bond allocation since july of 2003. >> a quick note. folks, in case you missed this, the high bullish reading is not the contrary signal that you think it is. the high bearish signal is a very, very contrary signal. so, look, the survey could still have it wrong. it could be everybody is bullish before the top. for all the reasons we went through, there is a solid reason why the survey is that way. now 78% soft landing, of course last week we heard jamie dimon say he thinks exactly that number. 70% is what th
larry fink said it was $9 trillion in money markets last friday. that, to me, was a brand-new number. it had been $6 trillion. you get an opportunity to buy and you're going to start to see that, i think, another tail wind for equity markets. >> jimmy, bank of america's fund survey most bullish, the most bullish survey since january of 2022. those fund managers are obviously looking at the same kinds of things steph is looking at where they suggest that 78% say a recession is, quote,...
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Apr 12, 2024
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larry fink talks about it will be hard to get down to 2% on inflation. or, as long as we think the fed is going to cut at some point this year and we have this economic boon, does that overshadow the possible negatives, even the geopolitical ones which, you know, they don't tend to be longer lasting or have an extraordinary impact more than a couple days at most? >> i think we said the same thing about ukraine and it's still going on. let's hope we get through the weekend unscathed with anything that happens in the middle east. i think the bull nar taf is intact and we don't need any rate cuts. rate cuts are great, but we don't need them. the market proved that. we didn't get one in march. we won't get one in may or june. the reason the market can move higher is because of growth and earnings. we should expect 8, 9, 10% pullbacks on these markets. even with that, scott, the next move will be a rate cut whether it's this year or next year. i don't think they will be raising rates. i think we'll go into a rate cut cycle. >> that's the argument we had the o
larry fink talks about it will be hard to get down to 2% on inflation. or, as long as we think the fed is going to cut at some point this year and we have this economic boon, does that overshadow the possible negatives, even the geopolitical ones which, you know, they don't tend to be longer lasting or have an extraordinary impact more than a couple days at most? >> i think we said the same thing about ukraine and it's still going on. let's hope we get through the weekend unscathed with...
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Apr 22, 2024
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from larry fink to bob iger and the anti-woke backlash has some of wall street's most recognizable names and beefing up personal security. the responses from fringe groups anacvid tists deter sustainable investing and we will discuss that. pus, an accredited university that's transformed adult lives for 75 years. you're not waiting to win, you're ready to succeed again at umgc.edu. when it comes to investing, we live in uncertain times. some assets can evaporate at the click of a button. others can deflate with a single policy change. savvy investors know that gold has stood the test of time as a reliable real asset. so how do you invest in gold? sandstorm gold royalties is a publicly traded company offering a diversified portfolio of mining royalties in one simple investment. learn more about a brighter way to invest in gold at sandstormgold.com. >>> welcome back to "the exchange," everybody. cocoa prices are hitting a record making it one of the hottest commodities by far. for more on the spike, here is frank holland. what's happening in cocoa, frank. >> good afternoon, tyler from lond
from larry fink to bob iger and the anti-woke backlash has some of wall street's most recognizable names and beefing up personal security. the responses from fringe groups anacvid tists deter sustainable investing and we will discuss that. pus, an accredited university that's transformed adult lives for 75 years. you're not waiting to win, you're ready to succeed again at umgc.edu. when it comes to investing, we live in uncertain times. some assets can evaporate at the click of a button. others...
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Apr 12, 2024
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what larry fink was talking about was this a.i. halo that is supposed to touch many other industries. energy is certainly one of them. software would be sort of an obvious next place to go, but i want to show you a chart of the software etf versus the estimates chip etf, and the discrepancy between the both. we haven't seen this a.i. halo expand beyond the chips or megacaps or would you agree with that? >> i totally agree because we haven't seen it implemented yet, right? companies have not really come out yet and said, oh. our productivity is increasing because of a.i. so, you know, you've got microsoft and copilot and all these other companies, but to your point, it's the megacaps and it's the chip companies right now, but until we see it being used, we have to kind of make sure, and if we don't have the infrastructure there, i'm not sure we're going to get it to be used because the power needed for that, we don't have that. >> why does a.i. require all that power? >> it's the chips. let's just talk about those nvidia chips. they
what larry fink was talking about was this a.i. halo that is supposed to touch many other industries. energy is certainly one of them. software would be sort of an obvious next place to go, but i want to show you a chart of the software etf versus the estimates chip etf, and the discrepancy between the both. we haven't seen this a.i. halo expand beyond the chips or megacaps or would you agree with that? >> i totally agree because we haven't seen it implemented yet, right? companies have...
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Apr 12, 2024
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>> yeah. >> we've heard of larry fink talk about that this morning, and he said that was the hardest part to bring down and maybe we're not paying enough attention to that. >> i think we're paying plenty to it, but it's what we had. if you were not paying enough attention to it, you would not have freaked out on wednesday with the cpi, and you would have been -- it would have had a major rally on thursday with the ppi because those input costs came down. the market is very attuned to service inflation. the fed is very attuned to service inflation. that seems to be schmidt just talking from kansas city pegging the idea that service inflation is being driven by titans in the labor market. perhaps you saw it by the way, in that food and beverage number. those numbers are not inflation, so some of the place wes we saw could be gains in prices. >> thank you so much. >>> speaking of consumers, amazon coming off its first new all-time high since 2021, nearly doubling in the last 12 months. in his annual letter, the ceo says he's committed to cutting costs while simultaneously investing in a
>> yeah. >> we've heard of larry fink talk about that this morning, and he said that was the hardest part to bring down and maybe we're not paying enough attention to that. >> i think we're paying plenty to it, but it's what we had. if you were not paying enough attention to it, you would not have freaked out on wednesday with the cpi, and you would have been -- it would have had a major rally on thursday with the ppi because those input costs came down. the market is very...
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Apr 30, 2024
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when larry fink in his shareholder newsletter is putting out information saying he's worried about u.s. borrowing and the scale of it. when you all saw jamie diamond in his comments, he's worried about it. don't listen to me. but maybe some of the people that have armies of economists that work for them, maybe they're worth actually giving some mind to instead of some idiot on social media making crap up. you've got to understand, if you have someone also do this, david, we're just going to grow ourselves out of the debt. ok. i showed you a chart a moment ago that last friday we -- they put out the official calculation and may get updated one or two more times but the first quarter fell down to 1.6. but here's how you got to understand it. but here's functionally our borrowing. this is publicly held debt, this is the g.d.p. growth from 2023. ok. until this growth is actually beyond the borrowing, because you go out and borrow $1 trillion, we have to pay interest on $1 trillion. g.d.p., the size of our economy grows $1 trillion, we only get 17% to 18% of that in tax receipts. ok. are yo
when larry fink in his shareholder newsletter is putting out information saying he's worried about u.s. borrowing and the scale of it. when you all saw jamie diamond in his comments, he's worried about it. don't listen to me. but maybe some of the people that have armies of economists that work for them, maybe they're worth actually giving some mind to instead of some idiot on social media making crap up. you've got to understand, if you have someone also do this, david, we're just going to...
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Apr 16, 2024
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. >> i think larry fink and a bunch of people on wall sprite would have a different opinion and see who wins that battle. charles: next step, where we g oing now? keep buying and dollar averaging and ride it out through the wild swings. they're wild swings. >> in the bull markets and the average draw down is about 15 and it's up. charles: all right, great stuff. liz claman, over to you. liz: the markets spinning from red to green, red to green as federal reserve chair jerome powell now officially raised major uncertainty about the chance of a rate cut this year. saying during a fire side chat of the governor and the firm inflation of the last quarter could mean maintaining current rates for longer. here's how we put it. >> the recent data have clearly not given us greater confidence and instead indicate that it's likely to take longer than expected to achieve the confidence. policy is well positioned to handle the risks that we face if higher inflation does persist. we can maintain a current level of restriction for long. liz: basically tracks how the fed might move on interest rates an
. >> i think larry fink and a bunch of people on wall sprite would have a different opinion and see who wins that battle. charles: next step, where we g oing now? keep buying and dollar averaging and ride it out through the wild swings. they're wild swings. >> in the bull markets and the average draw down is about 15 and it's up. charles: all right, great stuff. liz claman, over to you. liz: the markets spinning from red to green, red to green as federal reserve chair jerome powell...
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Apr 15, 2024
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larry fink said there was $9 trillion tin money market figures. i thought it was $6 trillion. it doesn't maetter. a lot of money is on the sidelines. it is getting 4% or 5% in interest. you will get more in terms of total returns in the s&p 500. that's also what schwab's management team said. they look at cash balances and those numbers have been coming out of money markets and cash on the sidelines going into the s&p 500 because there is a fear of missing out. it i'm right and we have better than expected earnings, that is why you want to buy on the dips. >> dan, last word. you are bullish on cybersecurity. give us your other top picks. >> we would be microsoft from the cloud perspective. this will be jaw-dropping numbers. google could have $30 or $40 a share. you look at the revolution, it is palantir. this is just the start of the 1995 moment. we see 15% up the rest of the year. >> dan, your notes say you like sa salesforce. quick take they are looking to acquire informatica. >> we applaud that. this is exactly what you want to see from tactician gaining more share. >> we h
larry fink said there was $9 trillion tin money market figures. i thought it was $6 trillion. it doesn't maetter. a lot of money is on the sidelines. it is getting 4% or 5% in interest. you will get more in terms of total returns in the s&p 500. that's also what schwab's management team said. they look at cash balances and those numbers have been coming out of money markets and cash on the sidelines going into the s&p 500 because there is a fear of missing out. it i'm right and we have...
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Apr 23, 2024
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if it is not larry fink, not jamie dimon. when jamie dimon took a need during the george boyd protests he said donald trump did a lot of good stuff during his presidency and took a knee in the famous photo that has been circulating, now that they are excused, a lot of people behind him. take that for what it is worth. a lot of these firms embraced woke capitalism, go woke go broke comes out in august. hard to put the genie back in the bottle. goldman sachs, there's a pronoun guide, certain pronouns, i suggest you look at it. i don't want to describe it. go to goldman sachs, you can make a determination. neil: can't wait to hear that book. going up on the senate to vote, it could lead to the ban of tiktok, the spec commissioner. ♪ the best advice i ever got was to invest with vanguard for my retirement. the second best? stay healthy enough to enjoy it. so i started preparing physically and financially. then you came along and made every mile worth it. hi mom. at vanguard you're more than just an investor, you're an owner. he
if it is not larry fink, not jamie dimon. when jamie dimon took a need during the george boyd protests he said donald trump did a lot of good stuff during his presidency and took a knee in the famous photo that has been circulating, now that they are excused, a lot of people behind him. take that for what it is worth. a lot of these firms embraced woke capitalism, go woke go broke comes out in august. hard to put the genie back in the bottle. goldman sachs, there's a pronoun guide, certain...
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Apr 16, 2024
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larry fink of blackrock talking about that and the chinese are saving, they're not consuming, and now there is this chorus of policymakers and ceos, starting with treasury secretary yellen in beijing last week but ecb president lagarde saying that the source of the growth should come from consumption and they should pivot that economy and ultimately that would be better for global economic growth. look, it's a fascinating time. geopolitics how that's going to impact global gdp going forward. the fragmentation, a lot of discussion about that too, carl and, david, about moving supply chains closer for security reasons, trade barriers and tariffs, which is, obviously, front and center because of what former president trump has been saying he will do if he becomes president again, which is increase those kind of protections and restrictions. >> right. something else front and center this morning, the financials in particular, we got results from the likes of bank of america and morgan stanley. they're moving in two different directions. you can see it reight there. results are down, but m
larry fink of blackrock talking about that and the chinese are saving, they're not consuming, and now there is this chorus of policymakers and ceos, starting with treasury secretary yellen in beijing last week but ecb president lagarde saying that the source of the growth should come from consumption and they should pivot that economy and ultimately that would be better for global economic growth. look, it's a fascinating time. geopolitics how that's going to impact global gdp going forward....
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Apr 2, 2024
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the likes of larry fink says as long as the yen remains about 115, we can expect japanese stocks to continue to go upwards . >> it will continue to move up, not necessarily because of the yen, but because of what is happening with japanese industry and what is happening in the chip market. the chip revolution globally is becoming more and more intense with more sophisticated chips being produced, and japan is at the forefront of this development. the chip exports are really leading the export revolution. >> there's a structural reform happening. yes, they have come a long way over the last couple of years, but it's not like they are long-term expensive yet. it still seems like good investment, but they are probably unlikely to continue leading the gains in asia or do you think they can continue leading the gains? can you think of somewhere else in asia that can start taking the forefront of gains? what -- where is your pick of the other asia equity markets? quickly pick for me is india. even though india has come back a lot and has even at some point outperformed the u.s. market, india still
the likes of larry fink says as long as the yen remains about 115, we can expect japanese stocks to continue to go upwards . >> it will continue to move up, not necessarily because of the yen, but because of what is happening with japanese industry and what is happening in the chip market. the chip revolution globally is becoming more and more intense with more sophisticated chips being produced, and japan is at the forefront of this development. the chip exports are really leading the...
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Apr 12, 2024
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fink says inflation is not getting back to 2% any time soon. stock down 1.3%. stuart: progressive. that's as an insurance company. lauren: stronger profit and thanks to digger demand for policies and they're expensive and strong job market meaning higher wages is fueling renewed spending particularly on auto insurance. that's one of the four b usinesses. stuart: next case is target. lauren: they're going to start employing ai at self-checkout to year to cut down on the number of people that steal things. it's called true scan, and it will beep, buzz and flash when an item is scanned incorrectly or not scanned and then it can identify the person that stole it. okay. i do self-checkout all the sometime. the thing is always beeping, buzzing and telling me i did something wrong. how good can this ai really be. i'm not stealing anything. it's just not working. stuart: there you go. thanks, lauren. coming up, monday is tax day. despite biden's claim, the irs would target wealthier individuals, the majority of audits targeted people making less than 2
fink says inflation is not getting back to 2% any time soon. stock down 1.3%. stuart: progressive. that's as an insurance company. lauren: stronger profit and thanks to digger demand for policies and they're expensive and strong job market meaning higher wages is fueling renewed spending particularly on auto insurance. that's one of the four b usinesses. stuart: next case is target. lauren: they're going to start employing ai at self-checkout to year to cut down on the number of people that...
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Apr 12, 2024
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colleagues will speak to larry fink later today. that is coming up at 15:00 cet. frank, it is sad that our time together has now come to an end. >> you are going back to australia. >> you are going to be in the lucky position of hosting "street signs" with silvia. then you will be king of your own show. >> what? >> i thought as a welcome to the united kingdom, you might benefit from a bobblehead king charles. >> what amn amazing gift. i don't want to say my secret ambition on tv. to be knighted. if anybody can, i can. mandy, you have a doll to work with. you are amazing and dynamic. thank you for everything. i'll see you the rest of the month. that is it for today's show. i'm here with mandy drury. "worldwide exchange" is coming up next. hi. i'm wolfgang puck when i started my online store wolfgang puck home i knew there would be a lot of orders to fill and i wanted them to ship out fast that's why i chose shipstation shipstation helps manage orders reduce shipping costs and print out shipping labels it's my secret ingredient shipstation the number 1 choice of onl
colleagues will speak to larry fink later today. that is coming up at 15:00 cet. frank, it is sad that our time together has now come to an end. >> you are going back to australia. >> you are going to be in the lucky position of hosting "street signs" with silvia. then you will be king of your own show. >> what? >> i thought as a welcome to the united kingdom, you might benefit from a bobblehead king charles. >> what amn amazing gift. i don't want to say...
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Apr 12, 2024
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eastern time hour, when blackrock ceo larry fink joins us for a first on cnbc interview. that's the current state of play. back over to you. >> dom, thank you very much. >>> if you want to take a quick look at the dow laggards. jpmorgan is at much to the list now. down by 3.5%. the dow was in positive territory. the dow futures when we started the show at 6:00 a.m. you see things have taken a turn for the worse with the dow looking like it is down by triple digits. jpmorgan chase down by 3.5%. chips were putting pressure not just on the dow, but on the nasdaq as well. intel is off by 1.7%. followed up by speciaalesforce apple. right now with morge reaction, david george joins us. what did you think looking through the numbers? even though both the banks beat on the bottom and top line, you are looking at both the stock selling off. >> good morning. from our perspective in terms of the stocks, keep in mind that both of these names have had big moves so far in 2024 and i think there was an expectation that both companies were going to guide up, becky, with respect to net in
eastern time hour, when blackrock ceo larry fink joins us for a first on cnbc interview. that's the current state of play. back over to you. >> dom, thank you very much. >>> if you want to take a quick look at the dow laggards. jpmorgan is at much to the list now. down by 3.5%. the dow was in positive territory. the dow futures when we started the show at 6:00 a.m. you see things have taken a turn for the worse with the dow looking like it is down by triple digits. jpmorgan chase...
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Apr 12, 2024
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jpmorgan's ceo, jamie dimon warning of the triple threat, and larry fink saying the central bank may miss its inflation target. the kbe on track for its worst month. all of this as q1 earnings season gets started and investors embrace for an attack between israel and iran. tim, what do you say? >> it really is the geopolitical climate that is part of where we closed the week. and we've said this. those boxes you check when you're filling out the survey, what keeps you up most at night, it's not necessarily 21 times forward on the s&p. it's geopolitics. i'll leave aside the analysis politically and socially of iran potentially invading israel. what that means, look at the dollar move. the dollar has rallied in the last two days. the price in oil and -- and oil prices, iran and israel means oil higher for longer. we talk about interest rates higher for longer. it was as bad of a day as markets have seen since january. you brought up the vix. the fact it's up more year to date than semiconductors, and i'm sure carter has a view of semis. you look at a day like today and you look at wher
jpmorgan's ceo, jamie dimon warning of the triple threat, and larry fink saying the central bank may miss its inflation target. the kbe on track for its worst month. all of this as q1 earnings season gets started and investors embrace for an attack between israel and iran. tim, what do you say? >> it really is the geopolitical climate that is part of where we closed the week. and we've said this. those boxes you check when you're filling out the survey, what keeps you up most at night,...
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Apr 22, 2024
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antivaxxers, threatening pfizer's ceo or larry fink's push. with tensions high, many companies are upping the security budgets for their top executives with costs for bodyguards, home security systems, additional protection, sometimes surpassing $1 million annually. here to discuss is former senator heidi highcamp along with steve odlin. steve, you were the ceo of a large company. you must have some sort of insight on how ceos feel risk and threat from the outside. talk us through it? >> well, as a ceo, you are considered a public figure. you are opening yourselves up to all these kinds of attacks. usually they are written attacks in the media and social media. increasingingly ceos are getting pushed to take an issue on these hot button issue, social issues that are very divisive in our country and very political in our country. when you do that, you have to remind yourself as a ceo that you have to balance all your constituents, your customers, your employees, your owners, and your community. you can't just indulge yourself by taking the posi
antivaxxers, threatening pfizer's ceo or larry fink's push. with tensions high, many companies are upping the security budgets for their top executives with costs for bodyguards, home security systems, additional protection, sometimes surpassing $1 million annually. here to discuss is former senator heidi highcamp along with steve odlin. steve, you were the ceo of a large company. you must have some sort of insight on how ceos feel risk and threat from the outside. talk us through it? >>...
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last week, blackrock's larry fink came on the show, he of course has a blackrock etf he said a possible ether etf is underregistration. they have registered for it. they are waiting. what but guys? what do you expect from the sec which took forever, like pulling teeth to get approval of spot bitcoin etf. >> spot bitcoin took years. one of the things i look at the bitcoin futures etf which we launched a little over two years ago it took two years from that point in time to get bitcoin spot. ether futures was just approved in october. if the bitcoin is anything to show here, it could be another year-and-a-half before we see an ether spot product. we're not in a hurry to do anything. we're waiting to see what the sec does and whether they decide it is a security which is still in process with others in the sec so you're not rushing. steve mccluing, we'll see you soon, it is a hot story. bubbling story, energy sector, the select spdr etf fund hit $96.40 earlier today. that is the highest intraday price since july 30th of 2014 and our "countdown" closer is here. says the energy sector is pri
last week, blackrock's larry fink came on the show, he of course has a blackrock etf he said a possible ether etf is underregistration. they have registered for it. they are waiting. what but guys? what do you expect from the sec which took forever, like pulling teeth to get approval of spot bitcoin etf. >> spot bitcoin took years. one of the things i look at the bitcoin futures etf which we launched a little over two years ago it took two years from that point in time to get bitcoin...
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Apr 16, 2024
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. >> i think larry fink and a bunch of people on wall sprite would have a different opinion and see who wins that battle. charles: next step, where we g oing now? keep buying and dollar averaging and ride it out through the wild swings. they're wild swings. >> in the bull markets and the average draw down is about 15 and it's up.
. >> i think larry fink and a bunch of people on wall sprite would have a different opinion and see who wins that battle. charles: next step, where we g oing now? keep buying and dollar averaging and ride it out through the wild swings. they're wild swings. >> in the bull markets and the average draw down is about 15 and it's up.
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Apr 10, 2024
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i didn't speak to larry fink today. he is a call that i have in. i trust his judgment on this, and i bet this is what he would say. he really wants to cut rates in june. this is jerome powell. he is a guy all about telegraphing to the market and keeping the guidance, you know, unless something radically, radically changes. 3.5% is down from where it was. you know, not saying it is great. it is growing. but you know, i think, there is a consensus building that, yes, it is going to be more difficult to cut much more than one time in june, unless you -- i think if this thing goes to four, if you start seeing a four number in ppi and cpi, stuff like that, that is where it gets problematic. the other thing his inflation gauge is still below three. the one gauge, just telling you how the fed might, how powell might rationalize a cut in june and wait and see. liz: we can show people the bar chart of where rates were, june of 2022 nine plus percent inflation rising, 41 year highs. >> we've all been there. liz: we're now down to 3 1/2%, it still doesn't fee
i didn't speak to larry fink today. he is a call that i have in. i trust his judgment on this, and i bet this is what he would say. he really wants to cut rates in june. this is jerome powell. he is a guy all about telegraphing to the market and keeping the guidance, you know, unless something radically, radically changes. 3.5% is down from where it was. you know, not saying it is great. it is growing. but you know, i think, there is a consensus building that, yes, it is going to be more...
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we had larry fink on, blackrock ceo, saying he will generally do it. powell usually telegraphs what he is going to do, that was early but now it is kind of mixed, what do you think? >> charlie, good to talk with you. there is still more than a 50-50 chance the fed will cut in june. we're forecasting 75 basis points, 25 basis point cuts between the june and the end of the year. we're only likely seeing one rate cut by bostick. some are saying why have any rate cuts. liz: barkin said today, sorry to interrupt, tom barkin, he sails he has no interest in backing off the 2% inflation target. he said just, we got to wait until we drop to that and we are not there yet, sam. >> sure. well as they were saying when they were raising interest rates they doesn't want to make the same mistakes made in the early 1970s or later 1970s, where they started, stopped, started, stopped again in terms of rate hikes. they want to be fairly consistent. they want to make sure their dual mandate is met. i think they will be happy to wait if they feel that would not lead to rece
we had larry fink on, blackrock ceo, saying he will generally do it. powell usually telegraphs what he is going to do, that was early but now it is kind of mixed, what do you think? >> charlie, good to talk with you. there is still more than a 50-50 chance the fed will cut in june. we're forecasting 75 basis points, 25 basis point cuts between the june and the end of the year. we're only likely seeing one rate cut by bostick. some are saying why have any rate cuts. liz: barkin said today,...
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Apr 24, 2024
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kelly: your boss, larry fink, he thinks life path going to become the default retirement savings strategy. just walk me through what this is. >> sure. we utilize a target date fun. ed about 90% of american 401(k) plans use that as their primary -- kelly: okay, just pause for a second. for our viewers, a target date fund, explain that. >> it's a diversified portfolio of stocks and bonds with professionally managed that gets more conservative as you get closer to retirement. kelly: all right, makes sense. go on. >> we took that and wanted to add insurance contracts around the age of 55. so when you're preparing for retirement and we want to prepare you to start being able to access guaranteed income if you choose to when you get to retirement. kelly: okay. >> what happens is you have an asset allocation, it build withs stocks, bonds as well as these insurance policies, and as a you get to the point of retirement, you can choose to turn on the income stream with these insurance contracts. 70% of your assets are still invested in markets, 30% become guaranteed income for the rest of your life
kelly: your boss, larry fink, he thinks life path going to become the default retirement savings strategy. just walk me through what this is. >> sure. we utilize a target date fun. ed about 90% of american 401(k) plans use that as their primary -- kelly: okay, just pause for a second. for our viewers, a target date fund, explain that. >> it's a diversified portfolio of stocks and bonds with professionally managed that gets more conservative as you get closer to retirement. kelly:...
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Apr 26, 2024
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i mean, even esg, you know, larry fink, who is the ceo of blackrock, the largest asset manager of the world, who has been a huge, quote unquote catalyst, which is a very kind word in terms of ensuring that companies comply because of his his ability to or not allocate cap at all and to vote for directors and the like. he's been very that we've all figured out what esg is and said add a recent retreat that okay well i'm going to use the esg anymore because it's been politicized now he didn't say he's going to stop doing the things that he was doing that that wasn't his problem, which is my problem. i don't care what you call it, but it was oh, i'm mad that you figured out this. and so we've already some changes to impact investing in sustainable development and you're just going to keep seeing this cycle and through with different words and phrases. so i think it's really important for people to understand the underlying concept because it's going to come with some lipstick and a new bow and it's going to be the same old tired. another thing that's been. since nine, 1071 is this concep
i mean, even esg, you know, larry fink, who is the ceo of blackrock, the largest asset manager of the world, who has been a huge, quote unquote catalyst, which is a very kind word in terms of ensuring that companies comply because of his his ability to or not allocate cap at all and to vote for directors and the like. he's been very that we've all figured out what esg is and said add a recent retreat that okay well i'm going to use the esg anymore because it's been politicized now he didn't say...
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Apr 5, 2024
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>> .01. >> larry fink is the largest shareholder. >> it is a $120 billion company. you will not find others. this is a big governance question. we have seen this as chairman and ceo in the same role. i believe a majority now of fortune 100 is both. if you are outside of that, it's not. >> he's the largest shareholder in the company. owns more shares than they do. >> of course. >> i believe in democracy, but there is a thing of corporate gap taking things too far and taking focus off what happens. >> some people think nelson peltz is a gad fly. >>> u.s. army corps of engineers is looking to open a new channel in the port of baltimore. the main channel has been blocked by the cargo ship colliding with the francis scott key bridge. the army is looking to restore access by the end of may. president biden will be meeting with local officials in baltimore today and reviewing the wreckage of the bridge. coming up in the 8:00 hour, we will speak to the maryland governor wes moore about the efforts to reopen the waterway. >>> coming up, more on "squawk box," michael froman w
>> .01. >> larry fink is the largest shareholder. >> it is a $120 billion company. you will not find others. this is a big governance question. we have seen this as chairman and ceo in the same role. i believe a majority now of fortune 100 is both. if you are outside of that, it's not. >> he's the largest shareholder in the company. owns more shares than they do. >> of course. >> i believe in democracy, but there is a thing of corporate gap taking things too...
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Apr 26, 2024
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fink at blackrock says we don't use that term anymore. so there you go. do we have any online questions ? oh. you got to look okay cuz there's you know it's roger's father maybe watching i don't know you said hi dad i hope so yeah who knows i always had mixed be the only one [laughter] watching. i don't know. >> i revisit these things is i i get optimistic and then i get pessimistic again at the same time when i think about optimism makes you pessimistic it could work that way. >> by the way, my recollection of your department was not just the usual bureaucratic stuff but i was actually sincerely impressed that it was not politicized i mean everyone there was mostly pretty left or far left but they were serious about the issues and it wasn't and i thought that was a good that was a to my mind a sign of health. >> we had a very healthy department. >> two related questions one is what's the best way for the to make inroads into the biden administration? i think this is directed at you roger but probably applicable to both. to make inroads i
fink at blackrock says we don't use that term anymore. so there you go. do we have any online questions ? oh. you got to look okay cuz there's you know it's roger's father maybe watching i don't know you said hi dad i hope so yeah who knows i always had mixed be the only one [laughter] watching. i don't know. >> i revisit these things is i i get optimistic and then i get pessimistic again at the same time when i think about optimism makes you pessimistic it could work that way. >>...
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Apr 15, 2024
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also, i think back to larry fink of blackrock, who was telling us all these structural factors that's going to make it very hard. that people's roofs, you know, and parts of their homes -- >> he was talking about roofs leaking. >> they've been living in them for so long, and they're locked into these low morgtgages, and that's why you have insurance rates higher. i'm teeing off the demographic trend about what we might be seeing in the data and why it might be hard to have a change. >> spend it all? what do you think, carl? that's probably a good motto. >> who are you going to leave it to? they'll be fine. >> they'll be just fine. they need to make it on their own. i'm in spend-it-all mode. you guys will be the beneficiaries. >> it's tax day, though, so i thought maybe, i don't know, sometimes we see some selling because people have to pay their taxes, but maybe we got that last week. >> the back half of april, for the s&p, is generally a little better than the front half, because people do get some refunds. what's not playing along today is some tech. crm's among the s&p laggards. "t
also, i think back to larry fink of blackrock, who was telling us all these structural factors that's going to make it very hard. that people's roofs, you know, and parts of their homes -- >> he was talking about roofs leaking. >> they've been living in them for so long, and they're locked into these low morgtgages, and that's why you have insurance rates higher. i'm teeing off the demographic trend about what we might be seeing in the data and why it might be hard to have a change....
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Apr 1, 2024
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>> i think that when i had larry fink on last week, it was really kind of dawned on me how much people want a token coin to be able to go back and forth, how much people want ethereum, and the idea for an etf really changed things. there were a lot of people who felt, carl, that once the etf got going, people ran ahead of it, and it didn't. they're not going to sell it, buy it, store value. like gold, which keeps going higher. >> all-time high on gold as well. we'll keep an eye on that as we get the first bell of the quarter. down here at the big board this morning, it is the ronald mcdonald house new york, celebrating its annual stay with the greats. henrik lundquist doing the honors. at the nasdaq, esperion therapeutics, focused on medicine to lower cholesterol, jim, as we're really a couple hundred points from dow, 40,000. >> when i got up this morning, i was watching frank holland's excellent show. when europe is closed, we're buyers. i think europe kind of -- even though they're not down beat, i don't know if you've been watching the european banks. incredible comeback. >> really?
>> i think that when i had larry fink on last week, it was really kind of dawned on me how much people want a token coin to be able to go back and forth, how much people want ethereum, and the idea for an etf really changed things. there were a lot of people who felt, carl, that once the etf got going, people ran ahead of it, and it didn't. they're not going to sell it, buy it, store value. like gold, which keeps going higher. >> all-time high on gold as well. we'll keep an eye on...
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Apr 29, 2024
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that's what larry fink and robert kaplan has been talking about this, former dallas fed president. it's a good debate i doubt we'll hear the fed talk about it, though. >> but they have to deal with it you know, sometimes i think powell can be his own worst enemy because what they say is, you know, we'll just deal with what they give us. guess what the fed is really responding to fiscal policy and how are they doing so by just the question you asked, sara if fiscal policy is creating inflation the fed is keeping rates higher than ne normally would be because it does respond to fiscal policy. >> steve, thank you. steve liesman. >>> get we get earnings from apple and amazon this week amazon first up that's tomorrow. kate rooney gives us a closer look at what investors need to watch. kate >> hey, david. look at the advertising. we hear about amazon's cloud business, ai, but ads and advertising is a less talked about but really a core part of amazon's bull case the bar is higher after snap, microsoft and alphabet all au strong demand for digital ads. investors factoring in amazon's move
that's what larry fink and robert kaplan has been talking about this, former dallas fed president. it's a good debate i doubt we'll hear the fed talk about it, though. >> but they have to deal with it you know, sometimes i think powell can be his own worst enemy because what they say is, you know, we'll just deal with what they give us. guess what the fed is really responding to fiscal policy and how are they doing so by just the question you asked, sara if fiscal policy is creating...
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Apr 5, 2024
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currently both occupied by larry fink. london based bluebell with a small stake about 0.1% want an independent chair to increase oversight of that firm there. blackrock saying in its proxy, quote, in his time as chairman and ceo blackrock has delivered end industry leading growth and long-term financial returns for our shareholders including 9,000% total return since the ipo. the firm says fink as ceo and chairman is the, quote, most appropriate and effective leadership structure. this all comes as bank earnings season kicks off a week from today. blackrock as well the same warning with a slew of financial annual meetings shortly thereafter, guys. there's actually a bit of a tailwind from the higher interest rates that we've seen. >> oh, yeah. >> you know, especially as it pertains to what some see as more conservative q1 guidance. higher rates for longer could be a beneficial for net interest income, more so than a lot of people were expecting in q4. >> lot of people are breaking down which banks are going to update and w
currently both occupied by larry fink. london based bluebell with a small stake about 0.1% want an independent chair to increase oversight of that firm there. blackrock saying in its proxy, quote, in his time as chairman and ceo blackrock has delivered end industry leading growth and long-term financial returns for our shareholders including 9,000% total return since the ipo. the firm says fink as ceo and chairman is the, quote, most appropriate and effective leadership structure. this all...
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Apr 18, 2024
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a very resilient consumer and i do think that at the same time we have got $9 trillion according to larry fink at blackrock, we have $9.1 trillion in money market funds and so that is a nice support and a tailwind for equity markets should we see a pullback so, yeah, we're going to be rocky, nothing is perfect. but i do think earnings are going to pull through and if that's the most important thing and the most important takeaway for me, if i got nervous about earnings, i would be nervous about the market and i'm not nervous about earnings at this point. >> all right stephanie link, thank you. >>> black stone just reporting earnings of 98 cents a share, two cents better than estimates. the infrastructure portfolio rose 4.8% in the quarter driven by investment in data centers. the private wealth business seeing its highest inflow since 2022, taking in $8 billion and the company is declaring a dividend of 83 cents a share blackstone's president and coo jon gray will join us in the 8:00 hour. we have so many questions for him about the economy, want to talk real estate and lots of questions
a very resilient consumer and i do think that at the same time we have got $9 trillion according to larry fink at blackrock, we have $9.1 trillion in money market funds and so that is a nice support and a tailwind for equity markets should we see a pullback so, yeah, we're going to be rocky, nothing is perfect. but i do think earnings are going to pull through and if that's the most important thing and the most important takeaway for me, if i got nervous about earnings, i would be nervous about...
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Apr 11, 2024
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fink. john gray and ibm's arvin kris hak krishna. the guests were entertained by paul simon. >> becky, can i make a quick point? to me, one of the most salient or fascinating facts about the dinner. jamie dimon at the dinner. i raise it because there is a lot of conjecture since we did that interview with jamie in davos about his comments about politics and president biden. specifically president trump. a lot of people took the clips he said on air as if he was a supporter of president trump's. i thought that was misconstrued by the public and not his intention to suggest he was backing president trump, but saying you have to respect a group of people who want to support him. by democrata, godemaging him ma for society. every person that the default, is a supper of sorts of president biden. >> his comments at davos were not just respect people who voted for president trump, but his point was there is a reason they are voting for him because of the policies he thought were better from immigr
fink. john gray and ibm's arvin kris hak krishna. the guests were entertained by paul simon. >> becky, can i make a quick point? to me, one of the most salient or fascinating facts about the dinner. jamie dimon at the dinner. i raise it because there is a lot of conjecture since we did that interview with jamie in davos about his comments about politics and president biden. specifically president trump. a lot of people took the clips he said on air as if he was a supporter of president...
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Apr 22, 2024
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. >>> blackrock tripled spending on home security for larry fink last year after being a target for anti-woke activists and conspiracy theyorists. analysis of security spending for ceos was from $1.2 million for bob iger and more than $1 billion from stepane bancel. tesla registered $2.4 million for musk's security last year with the additional $500,000 spent in the first two months of the year. >>> tesla, as we have been reporting, slashing prices on several vehicles and in several global markets, including the united states, which is dealing with slow sales and rising inventory. we have phil lebeau with more. you can tell us what we need to see in tesla and toyota for that them to switch. not that far on market cap. >> reporter: they are very close, joe. we will show you the two-year chart at the end of the report of tesla and what is happening. look at the decline since last july. teaser there if you want to see how much it dropped. the news on friday here in the u.s. and then we saw it confirmed in other markets worldwide. cutting models y, s and x by $2,000. they are dropping fsd fto $8,
. >>> blackrock tripled spending on home security for larry fink last year after being a target for anti-woke activists and conspiracy theyorists. analysis of security spending for ceos was from $1.2 million for bob iger and more than $1 billion from stepane bancel. tesla registered $2.4 million for musk's security last year with the additional $500,000 spent in the first two months of the year. >>> tesla, as we have been reporting, slashing prices on several vehicles and in...
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Apr 11, 2024
04/24
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jamie dimon, larry fink, tim cook, jeff bezos were all among the attendees. also some celebrities were in attendance. u.s. credit card delinquency rates were the highest on record in the fourth quarter according to a report from the fed bank of philadelphia. almost 3.5% of credit card balances were at least 30 days past due at the end of december. the number of debts that were 60 and 90 days late also climbed. jon: next, antitrust action heating up over u.s. steel. >> i stand by my commitment to american workers. i will keep my word. i stand by our commitment to our alliance. jon: we will follow that story next on the program. live from new york city this morning, good morning. ♪ jon: equity futures on the s&p negative by one third of 1%. yields up again, nothing like yesterday. double-digit moves yesterday through the curve. 4.5559% on the 10 year. antitrust action heating up over u.s. steel. >> i stand by my commitment to american workers. i'm a man of my word. i'm going to keep it. i stand by our commitment to our alliance. this is exactly what we are do
jamie dimon, larry fink, tim cook, jeff bezos were all among the attendees. also some celebrities were in attendance. u.s. credit card delinquency rates were the highest on record in the fourth quarter according to a report from the fed bank of philadelphia. almost 3.5% of credit card balances were at least 30 days past due at the end of december. the number of debts that were 60 and 90 days late also climbed. jon: next, antitrust action heating up over u.s. steel. >> i stand by my...
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Apr 8, 2024
04/24
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larry fink's letter was up there with the parents at the top of the letter. that's why these letters are so interesting. the tone in the markets is consistent for the last year. that is the important about the soft landing not necessarily being ascert certain as the mar expectation. >> tom has been the bull. tom, what do you think? >> um, i think jamie is doing his shareholders justice because they want to hear from him about all of the concerns out there. i think he does a great job of detailing all of the things that can go wrong. at the end up of the day, when it comes to markets, i think markets tend to price concerns quickly. i think that's really the concern for the last two years. that hard landing. now inflation pressure are easing at a time when consumers don't have a lot of leverage and $6 trillion of cash on the sidelines. inflation, we don't know how quickly it will fall. our bet is it will fall quickly. that means some of the concerns of hard landing is because of sticky inflation. we will have a good economy. >> is this a two-pronged outlook on
larry fink's letter was up there with the parents at the top of the letter. that's why these letters are so interesting. the tone in the markets is consistent for the last year. that is the important about the soft landing not necessarily being ascert certain as the mar expectation. >> tom has been the bull. tom, what do you think? >> um, i think jamie is doing his shareholders justice because they want to hear from him about all of the concerns out there. i think he does a great...