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leslie picker, thank you very much.we'll see you later on, because apparently i've got to read a poem for so-called activist investors. i'm going to say, usually i just ignore the prompter and say what i want, but i have to read this. roses are red, violets are blue, do blocked deals attract you? again, folks, just reading here. all right. leslie picker knows the answer to that. she will join us to explain. >>> meantime, a lot of buzz around disney lately after their announcements about taylor swift. nelson peltz calls it their spaghetti against the wall plan. saying disney's management may be a day late and a dollar short. >> it's not that i'm not satisfied. this company sells at a multiple of their pronouncements. they made these like this management team just came into office about a week and a half ago. they have been here for 20 years. all of a sudden they have awakened and they want to start making all these announcements. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't kno
leslie picker, thank you very much.we'll see you later on, because apparently i've got to read a poem for so-called activist investors. i'm going to say, usually i just ignore the prompter and say what i want, but i have to read this. roses are red, violets are blue, do blocked deals attract you? again, folks, just reading here. all right. leslie picker knows the answer to that. she will join us to explain. >>> meantime, a lot of buzz around disney lately after their announcements...
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Feb 14, 2024
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leslie picker reporting on layoffs at morgan stanley.hank you. >>> the economy ppears to be strong, and even though we do get these headlines about job layoffs, unemployment, generally, remains low. expectations have pushed off a fed rate cut until may or june. bank stocks are really under pressure here. industry watchers say there are real risks ahead. joining us to discuss this, abraham punawala. where do you see risks, especially for the banks? >> thanks for having me on. if you think about the broader bank sect them -- sector, let's be clear. a stronger u.s. economy is generally good for bank earnings, bank stocks over the medium to long-term. inflation turns out to be sticky, the fed has to, instead of cut rates at some point this year, actually, stay higher for longer, or potentially, hike interest rates. all of those ould lead to potentially worst outcomes. so, that's the risk. it's a daily risk event, but it's not off the table, and that is something we are watching for as markets recalibrate in real time. >> if that happens, wha
leslie picker reporting on layoffs at morgan stanley.hank you. >>> the economy ppears to be strong, and even though we do get these headlines about job layoffs, unemployment, generally, remains low. expectations have pushed off a fed rate cut until may or june. bank stocks are really under pressure here. industry watchers say there are real risks ahead. joining us to discuss this, abraham punawala. where do you see risks, especially for the banks? >> thanks for having me on. if...
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Feb 7, 2024
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to talk about that and more, let's bring in leslie picker. hi, leslie. >> it was down double digits earlier today. that is the prospect of the bank updating risk exposure. people familiar with the matter says they have been reaching out to investors to find capital that can be injected into a portfolio of mortgages and that comes after an hour long call with the executive chairman appointed just this morning who touted the positive stability amid the stock's recent selloff. >> we've got a couple of, you know, tough punches to the gut but we are strong and as i said, look at the deposits of this organization. i mean, does anybody think that they could be higher today than at the end of the year, given what we have been going through here? i mean, come on. if that doesn't tell a story about the strength and resilience of this company and the people that work here, i don't know what does. >> the company said overnight deposits were up 83 billion. of course, moody's downgraded ratings last night, citing the bank's unanticipated loss on commercial
to talk about that and more, let's bring in leslie picker. hi, leslie. >> it was down double digits earlier today. that is the prospect of the bank updating risk exposure. people familiar with the matter says they have been reaching out to investors to find capital that can be injected into a portfolio of mortgages and that comes after an hour long call with the executive chairman appointed just this morning who touted the positive stability amid the stock's recent selloff. >> we've...
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Feb 15, 2024
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for cnbc business news, i'm leslie picker. >>> bitcoin recaptured the $1 trillion market cap for thence 2021 on wednesday crossing the $52,000 mark. it is up month to date. 20% for you. arjun joins us with more. we talked about the drivers for the bitcoin performance. the key is the launch of the etfs. >> that is a huge driver. after the etfs were approved, we saw a dip. a couple of interesting stats on tuesday with $651 million of flows into etfs according to coinshares. the largest of any since the launch of the etfs in january. that was tuesday. crypto firm said $9.5 billion of new money entered the market. those etfs have to buy the bitcoin. that is why you see bitcoin price rising. huge demand for the etfs. that's what is supporting the price. >> the reason i asked which day is tuesday was the inflation data in the u.s. that came out stronger. what bitcoin says it is a hedge against inflation. to what extent does it capture the lion's share? there are plenty of other cryptos around. to what extent does bitcoin capture the lion's share of the flows? >> it is still the biggest cry
for cnbc business news, i'm leslie picker. >>> bitcoin recaptured the $1 trillion market cap for thence 2021 on wednesday crossing the $52,000 mark. it is up month to date. 20% for you. arjun joins us with more. we talked about the drivers for the bitcoin performance. the key is the launch of the etfs. >> that is a huge driver. after the etfs were approved, we saw a dip. a couple of interesting stats on tuesday with $651 million of flows into etfs according to coinshares. the...
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Feb 14, 2024
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you look at it by 61 basis points in yesterday's trading, frank. >>> thank you to our leslie picker.hat u remain higher, which is a stubborn problem for americans and the reserve. going up more than half a percent from december, making up two-thirds of the monthly increase for the consumer price index. in a recent report, there's a noting of signs pointing to a housing recovery and can put upward pressure on shelter and in turn on inflation. we'll talk much more about this with jeff taylor. jeff, good morning. great to have you here. >> good morning. thank you for having me. >> so your forecast and decline when it comes to most rates ore the next three-quarters, what does that mean when it comes to prices? we still have low inventory. >> that's a great question. you look at the next three-quarters. we're going to see lower mortgage rates but see fed cuts later this summer. a look at mortgage rates are going to be 6.1 and drop by the end of the year, which would create some more affordability in the housing market. obviously yesterday we had a little bit of a bump from a 6. 8% mortgag
you look at it by 61 basis points in yesterday's trading, frank. >>> thank you to our leslie picker.hat u remain higher, which is a stubborn problem for americans and the reserve. going up more than half a percent from december, making up two-thirds of the monthly increase for the consumer price index. in a recent report, there's a noting of signs pointing to a housing recovery and can put upward pressure on shelter and in turn on inflation. we'll talk much more about this with jeff...
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Feb 7, 2024
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our leslie picker joins us with much more. >> the headlines continues to fly. also said the recent turnover in risk and audit functions at a, quote, pivotal time, means the bank faces high governance risk. the ceo of nycb saying in a statement this morning, quote, despite t"the moodys" downgrade are the moves years fitch. "the moodys" downgrade is not expected to have an impact a reminder the whole saga for nycb when the company began reporting fourth quarter earnings last week the stock has shed 60% of its values since it showed half a billion dollar in potential loan losses and a steep cut to the dividend. reports earlier this week said the bank had been facing regulatory pressure ahead of those moves and that the bank's chief risk officer and chief audit officer departed in the weeks leading up to last week's announcement nncb says in its overnight statement it's engaging in a, quote, orderly process, to fill those roles. now the question is what happens next moody's says ratings could be further downgraded in the event there's a loss in confidence and deter
our leslie picker joins us with much more. >> the headlines continues to fly. also said the recent turnover in risk and audit functions at a, quote, pivotal time, means the bank faces high governance risk. the ceo of nycb saying in a statement this morning, quote, despite t"the moodys" downgrade are the moves years fitch. "the moodys" downgrade is not expected to have an impact a reminder the whole saga for nycb when the company began reporting fourth quarter earnings...
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Feb 15, 2024
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our leslie picker is following the money for us. leslie, good afternoon. >> frank, good to see you, too. we saw what appears to be hedge fund profit taking, rebalancing in some of the mag seven names during the fourth quarter. microsoft, for example, viking, echo street selling out billion dollar stakes. yesterday's filings show citadel reducing exposure to microsoft which had surged, you recall, 19% during the final three months of the year. amazon saw big sales from viking but citizen added to positions there. alphabet we saw sizable reductions from tiger global but big increases from millennium and viking. berkshire hathaway sold 10 million shares in apple. it sounds like a lot but is 1% of the firm's ownership, worth roughly $174 billion at year end. tesla, the laggard of the group during q4, got a small boost from qd1 dissolved its stake completely. these are snapshots from the end of 2023. they may have changed in the six weeks since. those who remained in names like nvidia and alphabet likely see gains from there year to date
our leslie picker is following the money for us. leslie, good afternoon. >> frank, good to see you, too. we saw what appears to be hedge fund profit taking, rebalancing in some of the mag seven names during the fourth quarter. microsoft, for example, viking, echo street selling out billion dollar stakes. yesterday's filings show citadel reducing exposure to microsoft which had surged, you recall, 19% during the final three months of the year. amazon saw big sales from viking but citizen...
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Feb 6, 2024
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>> well, leslie picker, thank you very much. category 6. >> category 5 was strong enough.as in one of those. >> stay at 5. we don't want to go to 6. >>> so let's talk engines. big engines. because engine maker falling short of expectations. the stock is moving higher. we'll find out what's going on. the ceo will join us on "power lunch" coming up. i know what it's like to perform through pain. if you're like me, one of the millions suffering from pain caused by migraine, nurtec odt may help. it's the only medication that can treat a migraine when it strikes and prevent migraine attacks. treat and prevent, all in one. don't take if allergic to nurtec. allergic reactions can occur, even days after using. most common side effects were nausea, indigestion, and stomach pain. relief is possible. talk to a doctor about nurtec odt. awkward question... is there going to be anything left... —left over? —yeah. oh, absolutely. (inner monologue) my kids don't know what they want. you know who knows what she wants? me! i want a massage, in amalfi, from someone named giancarlo. and i did
>> well, leslie picker, thank you very much. category 6. >> category 5 was strong enough.as in one of those. >> stay at 5. we don't want to go to 6. >>> so let's talk engines. big engines. because engine maker falling short of expectations. the stock is moving higher. we'll find out what's going on. the ceo will join us on "power lunch" coming up. i know what it's like to perform through pain. if you're like me, one of the millions suffering from pain caused...
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Feb 16, 2024
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this is leslie picker, i am tyler mathisen. glad you could be with us, inflation situation. this is producer price index, coming in otter than expected compared to last month and last year. market seem to be taking this upside of pressure in stride. leslie. >> double inflation could lead the feds to relieve rates higher for longer. borrowing cost a elevated. americans are buying more expensive cars, financing, them paying higher insurance to. we will look at how that trickles down into the economy. >>> but first, let's get a check on the markets. look at that tyler, the downturn positive, i think the second i sat down. up about 20 points. so we will take that. for the week, the nasdaq, likely to close lower. but the dow might be able to get again. if so, that would be 15 out of the past 16 weeks. only one down week since the end of october. that seems like forever ago. leaves on the trees. >> we have a host of stocks making big moves following their earnings. coinbase rising as bitcoin's job help the company turn a profit. roku's result seem to match what wall street was loo
this is leslie picker, i am tyler mathisen. glad you could be with us, inflation situation. this is producer price index, coming in otter than expected compared to last month and last year. market seem to be taking this upside of pressure in stride. leslie. >> double inflation could lead the feds to relieve rates higher for longer. borrowing cost a elevated. americans are buying more expensive cars, financing, them paying higher insurance to. we will look at how that trickles down into...
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Feb 14, 2024
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>> all right, leslie, thank you. leslie picker. karen, what do you make of these moves? >> well, now i really want to know what the mystery is, of course. >> right. >> paramount, whatever is happening right now, talks are not, who knows if anything gets resolved, they sold prior to that. not big changes. nothing really jumps out at me. that's a tiny drop in the apple bucket. >> right. >> been an extraordinary bucket. >>> coming up, some afterhours action, as earnings season rolls on. shares of cisco dropping after delivering results. numbers out of the quarter and how to trade the name next. >>> plus, a ride share shakeup. uber with its first buy-back plan. and after lyft's post-earnings pop, is this trade worth the ride? we'll discuss that when "fast money" returns. >>> this is "fast money" with melissa lee right here on cnbc.h ? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. i'm also mr. leg day...1989! anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations.
>> all right, leslie, thank you. leslie picker. karen, what do you make of these moves? >> well, now i really want to know what the mystery is, of course. >> right. >> paramount, whatever is happening right now, talks are not, who knows if anything gets resolved, they sold prior to that. not big changes. nothing really jumps out at me. that's a tiny drop in the apple bucket. >> right. >> been an extraordinary bucket. >>> coming up, some afterhours...
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Feb 29, 2024
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, thank you leslie picker. shares down 15%. karen has been digging in. the timing of these resignations, very interesting they didn't happen just yesterday, today the the day before -- >> they happened on the 25th, on sunday and i don't know if they're sort of hiding behind it, those changes don't take effect until today. to me, that's a little -- what would you call it, guy -- >> guyfugazi >> right for any company, this is bad but if you are a bank, and if you are a bank that recently had a terrible chapter that you are trying to get past, where you had, you know, you had completely mismarked or paid way too much for your assets or whatever it was, and then to come out with this, so -- it makes me -- you know, they don't have their 10k out yet they have to get an audit to get the 10k out, so -- this can't be good for so many reasons the infighting, what's going on? i've never seen a chair of the board, i believe he's the chair -- >> dinello >> no. >> the one who resigned. >> in his letter, said, i did not agre
, thank you leslie picker. shares down 15%. karen has been digging in. the timing of these resignations, very interesting they didn't happen just yesterday, today the the day before -- >> they happened on the 25th, on sunday and i don't know if they're sort of hiding behind it, those changes don't take effect until today. to me, that's a little -- what would you call it, guy -- >> guyfugazi >> right for any company, this is bad but if you are a bank, and if you are a bank that...
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Feb 1, 2024
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let's bring in leslie picker some analysis. leslie? >> that's a key question today. the fallout from new york community bank or continues. those shares, as you mentioned, at a yesterday's 38% decline, is currently down more than eight and a half percent. nycb's fourth quarter earnings feeling a biting slump in quality thanks to loans with a coconuts multi family portfolio and an office c r e loan. for many bank investors, it was dij@ vu, eliciting fears of contagion akin to what they experienced last spring. even more ironic since nycb acquired part of signatures balance sheet from fdic receivership after that bank failed last march. the question now is whether and why see the's issues are isolated to that one bank or if it is broader systemic risk at. play analysts say the regional banks all of its likely overdone, quote, given idiosyncratic factors tied to nycb. the firm notes that nycb crossing 100 billion in assets threshold after acquiring signature kid subjects into a whole host of additional costly regulations. however, b f a notes that higher losses tied to c
let's bring in leslie picker some analysis. leslie? >> that's a key question today. the fallout from new york community bank or continues. those shares, as you mentioned, at a yesterday's 38% decline, is currently down more than eight and a half percent. nycb's fourth quarter earnings feeling a biting slump in quality thanks to loans with a coconuts multi family portfolio and an office c r e loan. for many bank investors, it was dij@ vu, eliciting fears of contagion akin to what they...
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Feb 15, 2024
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picker brings us those details. leslie, what do you have. >> hey contessa. you said it perfectly, we saw what appears to be a bit of hedge fund profit taking and portfolio -- take microsoft for example. viking and echo street selling out billion dollar stakes each. yesterday's filings, these are the 13 a filings, shows citadel and 0.72 also reducing exposure to microsoft which had surged 19% during the last three months of the year alone. tiger global and d one pairing back exposure to meta, amazon saw some big streets from jane street and biking but citadel and will rock did add positions there, add to their positions there in alphabet we saw sizable reductions from coast to end -- and viking. berkshire hathaway short 10 million sales of apple but that -- with roughly 174 billion dollars. at your end. tesla, the laggard of the group got a small boost from coast to, which increased its stake. also alongside -- tiger global- ing decreased nvidia well d1 dissolved its stake in nvidia completely. as a reminder, these a
picker brings us those details. leslie, what do you have. >> hey contessa. you said it perfectly, we saw what appears to be a bit of hedge fund profit taking and portfolio -- take microsoft for example. viking and echo street selling out billion dollar stakes each. yesterday's filings, these are the 13 a filings, shows citadel and 0.72 also reducing exposure to microsoft which had surged 19% during the last three months of the year alone. tiger global and d one pairing back exposure to...
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Feb 21, 2024
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. >>> in the meantime, want to get to leslie picker down in miami with a very special guest.ood morning, leslie >> good morning, carl. thank you so much, and thank you to brian moynihan, the chairman and ceo of bank of america, for joining us from your financial services conference here in miami. appreciate your time >> thanks for coming down, and it's a great group of investors and companies and the team's done a great job pulling it together >> the event is great so far you just came off your fireside chat where you that you could about some big macro themes you're watching. you're saying the consumer is firing on all cylinders. they're still borrowing. activity is high but you juxtapose that to the commercial sector, and you see that moderating a little bit as we look ahead to the fed minutes, i'm curious what you think all of this means for, you know, the fed's kind of decision making as it pertains to monetary policy. >> i think if you think about the consumer, the consumer's still spending more out of their accounts of bank of america than last year, 4 to 5% last year a
. >>> in the meantime, want to get to leslie picker down in miami with a very special guest.ood morning, leslie >> good morning, carl. thank you so much, and thank you to brian moynihan, the chairman and ceo of bank of america, for joining us from your financial services conference here in miami. appreciate your time >> thanks for coming down, and it's a great group of investors and companies and the team's done a great job pulling it together >> the event is great so...
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leslie picker with the run down.t helps manage about $15 billion and has nvidia as one of her top holdings. joining us at post nine is the portfolio manager at alger, her firm has $22 billion in assets under management. welcome. so you have -- i mean you have microsoft, nvidia, meta, alphabet, where are we in this mega cycle related to ai, as it relates to the stock price performance? >> yeah. i think we're very early on, and that is reflected in terms of the stock price performance that the stocks have moved a lot, especially as you look at them over the last two years, maybe year and a half. however, i think what people keep forgetting is that the stocks have moved in like coincidentally with the numbers moving up. i looked this up this morning. in january of '23, the 24 estimates for nvidia were $4 on the street. today, they're 21 or $22 with whispers, like ebs put out a number for 28. that's a seven-fold increase in the earnings for an nvidia. and that is what happens when you're so early on in a cycle, which dri
leslie picker with the run down.t helps manage about $15 billion and has nvidia as one of her top holdings. joining us at post nine is the portfolio manager at alger, her firm has $22 billion in assets under management. welcome. so you have -- i mean you have microsoft, nvidia, meta, alphabet, where are we in this mega cycle related to ai, as it relates to the stock price performance? >> yeah. i think we're very early on, and that is reflected in terms of the stock price performance that...
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Feb 20, 2024
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i'm leslie picker with jon fortt from post nine of the new york stock exchange.ow is hanging in there with some upside results from walmart. the s&p down half a percentage point. nasdaq down a full percentage point. >> that's where we'll start with risk assets continuing to be the big winners off the strong back of data. our first guest, though, warns that a repricing might be in order. double
i'm leslie picker with jon fortt from post nine of the new york stock exchange.ow is hanging in there with some upside results from walmart. the s&p down half a percentage point. nasdaq down a full percentage point. >> that's where we'll start with risk assets continuing to be the big winners off the strong back of data. our first guest, though, warns that a repricing might be in order. double
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Feb 26, 2024
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picker of a trade conference in florida about just what the recession context he's putting around the story right now. i'd like to bring that in. >> 70% or 80% we'll have a soft landing and i give it half that. there's also a higher chance in the market with the rates being higher and the other thing that's always a mistake is to look at just the year. all these factors, we'll talk about q.t., fiscal spending and the deficits and geopolitics, those will play out multiple years and they will play out and they will have an effect and just, my mind i'm cautious about everything. >> ellen, this is no surprise. jamie dimon over the course of his career has always been a more cautious bank ceo and almost a couple of years ago when he talked about that so-called economic hurricane that they were preparing for. this is a story that has largely not played out, but the inflation story seemed to turn a couple of weeks ago just because of pretty decently outsized inflation print. it's maybe one of only two that's set things higher. is that really a trend that policymakers need to take note of or
picker of a trade conference in florida about just what the recession context he's putting around the story right now. i'd like to bring that in. >> 70% or 80% we'll have a soft landing and i give it half that. there's also a higher chance in the market with the rates being higher and the other thing that's always a mistake is to look at just the year. all these factors, we'll talk about q.t., fiscal spending and the deficits and geopolitics, those will play out multiple years and they...
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. >> we appreciate you going through those trades, leslie picker, thank you so much. >>>, had robin hood told cnbc about the quarter and the company's future just ahead. closing bell will be right back. - so, the question is... - cyber attack! as cyber criminals expand their toolkit, we must expand as well. we need to rethink... next level moments, need the next level network. [speaker continues in the background] the network with 24/7 built-in security. chip? at&t business. - "best thing i've ever done." that's what freddie told me. - it was the best thing i've ever done, and- - really? - yes, without a doubt! - i don't have any anxiety about money anymore. - great people. different people, that's for sure, and all of them had different reasons for getting a reverse mortgage, but you know what, they all felt the same about two things: they all loved their home, and they all wanted to stay in that home. and they all wanted to stay in that home. - [announcer] if you're 62 or older and own your home, you could access your equity to improve your lifestyle. a reverse mortgage loan eliminates
. >> we appreciate you going through those trades, leslie picker, thank you so much. >>>, had robin hood told cnbc about the quarter and the company's future just ahead. closing bell will be right back. - so, the question is... - cyber attack! as cyber criminals expand their toolkit, we must expand as well. we need to rethink... next level moments, need the next level network. [speaker continues in the background] the network with 24/7 built-in security. chip? at&t business....
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Feb 23, 2024
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i'm carl quintanilla with leslie picker here at post nine of the new york stock exchange. off. the nvidia led momentum continues today with that stock up about 3%. s&p above 5100 despite some of the hawkish fed commentary that we got yesterday, that's all-time highs for the s&p and the dow. >> we're at 30 minutes into trading. today here are three big movers we are watching starting with shares of block, surging after the company announced a surprise profit and strong guidance sending the stock up double digits up 17% right now. more on the quarter later this hour shares of booking holdings sliding today. the company's guidance coming in below expectations overshadowing better than expected results watch shares of carvana up 35% after posting its first annual ever profit. we'll break down the quarter with ceo next on "money movers" in the next hour. >> busy week of ecodata and fed speak, the markets pricing out the rate cut from the months prior. steve liesman has details and can set up next week where we get a little bit more. >> yeah. carl, we marked a milestone yesterda
i'm carl quintanilla with leslie picker here at post nine of the new york stock exchange. off. the nvidia led momentum continues today with that stock up about 3%. s&p above 5100 despite some of the hawkish fed commentary that we got yesterday, that's all-time highs for the s&p and the dow. >> we're at 30 minutes into trading. today here are three big movers we are watching starting with shares of block, surging after the company announced a surprise profit and strong guidance...
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Feb 16, 2024
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this is leslie picker, i am tyler mathisen. glad you could be with us, inflation situation.pected compared to last month and last year. market seem to be taking this upside of pressure in stride. leslie. >> double inflation could lead the feds to relieve rates higher for longer. borrowing cost
this is leslie picker, i am tyler mathisen. glad you could be with us, inflation situation.pected compared to last month and last year. market seem to be taking this upside of pressure in stride. leslie. >> double inflation could lead the feds to relieve rates higher for longer. borrowing cost
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Feb 13, 2024
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let's send it over to leslie pickering out to look at how financials are faring amid the selloff.like everything else leslie. >> yeah. red like everything else especially in the regional space today, scott. once again, that area under fire. thinks that cpi report. we will string the case for higher for longer, and potentially delaying the first rain cut. take a look at the spider regional banking etf. that is down to 4.7% as we head into the close today. rates are important for regionals right now for two reasons. number one, lower rates would help margins because they would decrease funding loss what banks pay out to depositors. and number two there are fears surrounding credit quality. and lower rates would relieve some of the pressure there. so, leading the way to the downside today are some of the smaller banks more exposure to commercial real estate, and give names like valley national, of course that's been in the news lately. and first foundation. the smaller banks have more exposure to commercial real estate than their larger peers, and smaller banks have lower reserves. s
let's send it over to leslie pickering out to look at how financials are faring amid the selloff.like everything else leslie. >> yeah. red like everything else especially in the regional space today, scott. once again, that area under fire. thinks that cpi report. we will string the case for higher for longer, and potentially delaying the first rain cut. take a look at the spider regional banking etf. that is down to 4.7% as we head into the close today. rates are important for regionals...
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Feb 2, 2024
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let's get over to leslie picker.when you see something like this it could spread. what are you hearing >> yeah. that's exactly the concern, and the pain continues actually for the overall kre this morning after the toughest week for regional banks since the turmoil that we saw last spring. the selloff, as you mentioned, driven by reignited concerns about commercial real estate exposure, specifically after those fourth quarter earnings from new york community bank corp as well as one oversized a chinese mid sized bank alzura showed losses tied to u.s. properties nycb getting a relief rally today up more than 3% currently after facing a slew of downgrades this week the latest from deutsche bank to hold from buy. this morning due to overall uncertainty around the firm's credit quality and the firm experiencing growing pains as deutsch called it over its acquisition of signature bank after that bank collapsed mast last march as a result, nycb's assets grew above $100 billion putting it in a more regulated tier. managemen
let's get over to leslie picker.when you see something like this it could spread. what are you hearing >> yeah. that's exactly the concern, and the pain continues actually for the overall kre this morning after the toughest week for regional banks since the turmoil that we saw last spring. the selloff, as you mentioned, driven by reignited concerns about commercial real estate exposure, specifically after those fourth quarter earnings from new york community bank corp as well as one...
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Feb 7, 2024
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picker is here at post nine with a special guest to discuss. >> we have michael who is the chairman, of rhythm capital i have to say i hadn't heard of your firm until last year. it really came on my radar in ernest when you prevailed against consortium of well known hedge fund investors to acquire sculptor capital you just reported your first quarterly earnings as a combined entity and this was quite the fight. i have to ask, given your bread and butter in the real estate realm whether it made it more imperative to prevail in this takeover to diversify your portfolio given what's going on in real estate right now. >> thanks for having me this morning and having us. i think it's the prevailing in this transaction or acquiring skculptor was an important next step for our business. you hadn't heard of us, we are a mortgage reed, it was formed in 2013 out of fortress in june of 2022 we acquired the management contract from k fortress and rebranded here in august of 22 the mission has been to pivot from being known as a r.i.e.t. to growing into the asset management space i know dan and ji
picker is here at post nine with a special guest to discuss. >> we have michael who is the chairman, of rhythm capital i have to say i hadn't heard of your firm until last year. it really came on my radar in ernest when you prevailed against consortium of well known hedge fund investors to acquire sculptor capital you just reported your first quarterly earnings as a combined entity and this was quite the fight. i have to ask, given your bread and butter in the real estate realm whether it...
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Feb 28, 2024
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. >> yeah, when he was talking about it with leslie picker the other day. >> that's very good. >> backo -- >> nikesh has been brought in. >> there's so many things i want to ask you about, including the thing from palo alto. but let's get back to unh for a minute. >> do people know how big unh is? >> i don't think they do. it's a half a trillion dollar market cap, roughly speaking. $480 billion this morning. >> and the optum -- a lot of people felt it was an advantage. i can't speak for the justice department, obviously, but i know that there are people who could argue and say, their business model is -- >> this is, again, the doj. we obviously have become accustomed to a more muscular antitrust enforcer over these last three years. we've talked more often about lina khan at the ftc, but jonathan kanter is -- >> kanter is a serious heavyweight lawyer. this case is one i want to know about. look, if i were at alphabet, i would be very concerned about his case that he's bringing in terms of advertising. especially with pubmatic. >> these cases take a very long time to develop. ultimately
. >> yeah, when he was talking about it with leslie picker the other day. >> that's very good. >> backo -- >> nikesh has been brought in. >> there's so many things i want to ask you about, including the thing from palo alto. but let's get back to unh for a minute. >> do people know how big unh is? >> i don't think they do. it's a half a trillion dollar market cap, roughly speaking. $480 billion this morning. >> and the optum -- a lot of people...
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Feb 26, 2024
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picker.ut 50 points the s&p going negative. s. >>> a black ceo i may be an exception, but it's important to remember there are many exceptional people who create positive change and inspire others every day. black heritage month gives us the opportunity to horon extraordinary people in our community across america. every day, more dog people are deciding it's time for a fresh approach to pet food. developed with vets. made from real meat and veggies. portioned for your dog. and delivered right to your door. it's smarter, healthier pet food. fresh, warm hot dogs! when i'm not selling hot dogs, i invest in a fund that advances innovations like robotics. fresh, warm hot dogs, straight out of my torso! one for you, one for you. oh, you're a messy one. cool, right? so cool. anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. hot dogs! fresh, warm hot dogs! before investing carefully read and consider fund investment objectives, risks,
picker.ut 50 points the s&p going negative. s. >>> a black ceo i may be an exception, but it's important to remember there are many exceptional people who create positive change and inspire others every day. black heritage month gives us the opportunity to horon extraordinary people in our community across america. every day, more dog people are deciding it's time for a fresh approach to pet food. developed with vets. made from real meat and veggies. portioned for your dog. and...
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Feb 15, 2024
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joining us with the rundown, we have leslie picker.ning. >> reporter: becky, good morning. we saw profit taking in the magnificent seven names during the fourth quarter among the hedge funds. microsoft getting reduced in q2 to third point. vikings sold out $1 billion position there. if you recall, microsoft shares surged 19% in the fourth quarter. viking decreasing meta. meta up 18% during the quarter. q2, tiger global decreasing nvidia and d1 dissolved. many amazon is a mixed bag with tiger global added. amazon was up 20% in q4. interestingly, alphabet was up 7% compared to the peers here in q4 was a mixed bag. tesla got a small boost which increased stake during the quarter. berkshire sold 10 million shares of apple, but that is just 1% of the firm's ownership. just a reminder, these are snapshots from the end of 2023. they may have changed since. nvidia and amazon and microsoft and alphabet have continued to see gains year to date while apple and tesla holders are probably more disappointed. guys. >> leslie, the buffett change in th
joining us with the rundown, we have leslie picker.ning. >> reporter: becky, good morning. we saw profit taking in the magnificent seven names during the fourth quarter among the hedge funds. microsoft getting reduced in q2 to third point. vikings sold out $1 billion position there. if you recall, microsoft shares surged 19% in the fourth quarter. viking decreasing meta. meta up 18% during the quarter. q2, tiger global decreasing nvidia and d1 dissolved. many amazon is a mixed bag with...
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Feb 20, 2024
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let's kick it over to leslie picker.e's only two of us today, leslie. we welcome your participation. >> thank you, joe, i appreciate that. and i appreciate your time with james chadwick for a cnbc exclusive. ancora has taken an aggressive stance and releasing its management strategy this morning, which includes changes in the ceo spot and the board. good morning, mr. chadwick. so you've got a deck that you plan to circulate to investors. you've got a website here, a majority of the slate you're nominating eight directors, and we'll have some full screens that show who those directors are, and you are recommending jim barber, the former coo of u.p.s., as the ceo of norfolk southern. and you put a $420 price target, that's a pretty significant upside, more than two-thirds of where the shares are currently trading. so why this slate, why a change in management, and why do you think they can afeffectuate the value creation that gets to $420 a share for norfolk? >> thanks for having me. as an ohio-based manager, we're deeply
let's kick it over to leslie picker.e's only two of us today, leslie. we welcome your participation. >> thank you, joe, i appreciate that. and i appreciate your time with james chadwick for a cnbc exclusive. ancora has taken an aggressive stance and releasing its management strategy this morning, which includes changes in the ceo spot and the board. good morning, mr. chadwick. so you've got a deck that you plan to circulate to investors. you've got a website here, a majority of the slate...
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Feb 16, 2024
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picker with . >> reporter: this is where the new rules are surrounding the community reinvestment actassed in 1977 to reverse policies depriving lower income in inner city neighborhoods of credit. originally, the rules were tied to the physical branch encouraging to lend to the communities where they were taking deposits. the new iteration updated for the modern age takes into account declines branches and evaluating banks for the lending on the nationwide basis. last week, american bankers association and chambers of commerce filed a complaint in the north district of texas against the fed, fdic and occ. the plaintiffs say the rules went too far and they are seeking to vacate them. the fed and fdic and occ declined to comment on the lawsuit. others say the modernization is necessary to bring access to credit to under served communities. phil bynum leads a group in the south and saying discriminating lending practices are still rampant and strong accountability rules are needed to close the gap. he said he found the lawsuit hard to reconcile. >> cra is designed to make sure the banks
picker with . >> reporter: this is where the new rules are surrounding the community reinvestment actassed in 1977 to reverse policies depriving lower income in inner city neighborhoods of credit. originally, the rules were tied to the physical branch encouraging to lend to the communities where they were taking deposits. the new iteration updated for the modern age takes into account declines branches and evaluating banks for the lending on the nationwide basis. last week, american...