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Jun 13, 2024
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cnbc's phil lebeau has the latest. phil? >> and we're waiting, melissa.ht now, we're in the stage of the meeting where they're going through each of the shareholder proposals. there are people who are talking about whether they're for or against a proposal. there was one investor who spoke up about why he did not believe that elon musk should be awarded the $56 billion pay package, which, by the way, is now worth $46 billion, $47 billion, when you adjust it, compared to what it was originally when it was awarded back in 2018. so, after this, what will happen is, they will say, well, the polls are open, the polls are closed, those who are there can actually make their vote. those who have not already voted. and then we expect to get the results, melissa, so do we get it in 15, 20 minutes? remains to be seen. but they are working their way through each of the proposals right now. >> all right, phil, keep us posted. phil lebeau. >> will do. >> we know that the board has already backed this pay actpack. it's the advisory firms that are throwing up road blocks
cnbc's phil lebeau has the latest. phil? >> and we're waiting, melissa.ht now, we're in the stage of the meeting where they're going through each of the shareholder proposals. there are people who are talking about whether they're for or against a proposal. there was one investor who spoke up about why he did not believe that elon musk should be awarded the $56 billion pay package, which, by the way, is now worth $46 billion, $47 billion, when you adjust it, compared to what it was...
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Jun 18, 2024
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phil lebeau is live in washington with the latest and what we can expect later today.ows it. it's going to be maybe two or two and a half hours of senators grilling him of where boeing is in terms of the safety culture and where the company is with improving the quality controls. he issued the prepared remarks. we got those yesterday. already, he is laying the ground work for saying we can do better. when it comes to the culture, dave calhoun will say we heard the concerns loud and clear. we are taking action and making progress. we understand the gravity and we are committed to moving forward with transparency and accountability while elevating employee engagement. what is going on at boeing right now? quality controls will be in focus this afternoon. remember, the company submitted what you would call a new safety plan to the faa which outlines the steps that are being taken to improve quality controls to ensure all of the proper steps are being taken so that all aircraft are 100% where they should be when they roll off the assembly line. that also includes boeing ha
phil lebeau is live in washington with the latest and what we can expect later today.ows it. it's going to be maybe two or two and a half hours of senators grilling him of where boeing is in terms of the safety culture and where the company is with improving the quality controls. he issued the prepared remarks. we got those yesterday. already, he is laying the ground work for saying we can do better. when it comes to the culture, dave calhoun will say we heard the concerns loud and clear. we...
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Jun 14, 2024
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phil lebeau, thank you. happy father's day. >>> apple and meta could be the first tech companies to face charges under the eu's new tech rules. steve covack joins us with a look it could mean for the companies. >> the eu has decided apple is in violation of that new big tech regulation under the law called the digital markets act. we knew this was coming months ago. the eu said it was fielding concerns and looking into whether or not apple was complying with the dma. and even though apple has made many changes for the law including having third party app stores for the first time, it still added new laws and regulations in the eu. the big one people had been wrangling against it's a 50 cent charge against the developers over a million dollars for every app download. the first charge could come in a few weeks, but apple could still avoid charges if it makes changes soon. and it's already made a number of changes in recent months in reaction to the feedback it's gotten. but if it does happen and the charges do
phil lebeau, thank you. happy father's day. >>> apple and meta could be the first tech companies to face charges under the eu's new tech rules. steve covack joins us with a look it could mean for the companies. >> the eu has decided apple is in violation of that new big tech regulation under the law called the digital markets act. we knew this was coming months ago. the eu said it was fielding concerns and looking into whether or not apple was complying with the dma. and even...
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Jun 14, 2024
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phil, thank you. that's phil lebeau. to seema moody looking at industrials.ce. >> exactly, scott. msc delivering a q3 profit warning sending construction names down, with it including fastenal, ingersoll rand, a q3 profit warning. the price of steel is not helping the steel makers. that commodity down another 11% this year. analysts blaming china for injecting excess inventory into the market. jpmorgan lowered its price target on nucor and you'll see the stock trading just below that. those two catalysts behind the underperformance in industrials today, scott. >> good stuff. seema, thank you. appreciate that. you just got the two-minute warning. mike santoli is back with us. seema used the word catalysts. pce is not for a couple weeks. earnings are not until after that. i guess we have fed speak to go on. >> we do have fed speak and the first wave has plenty of relevance in terms of what they want to push back on, recharacterize or emphasize. it does matter. the market the last couple of days has come around to the idea that not too much changed about the fed
phil, thank you. that's phil lebeau. to seema moody looking at industrials.ce. >> exactly, scott. msc delivering a q3 profit warning sending construction names down, with it including fastenal, ingersoll rand, a q3 profit warning. the price of steel is not helping the steel makers. that commodity down another 11% this year. analysts blaming china for injecting excess inventory into the market. jpmorgan lowered its price target on nucor and you'll see the stock trading just below that....
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Jun 26, 2024
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phil lebeau joins us now with more. hey, phil. >> hey, melissa.ause we have seen a number of these reports, eight straight months with new vehicle prices, transaction prices, moving lower. and it does raise this question. is this big deflation we're seeing here because we certainly saw big inflation as prices were increasing. here is the latest from cox automotive. in may, you see the average transaction price $48,389, still -- it is high relative to where it was a few years ago. but it is down 1%, compared to may of 2023. and, again, eight straight months where we have seen a year over year decline in prices. that's rare. you don't see that very often with a new vehicle pricing. couple of things are happening here. first of all, you got new vehicle inventories climbing. why? automakers were building more vehicles. as they're building more vehicles, the dealers have more inventory, and that's forcing the dealers as they look at those inventories to say, you know what, we got to raise the incentives. and incentives are up substantially, relative to
phil lebeau joins us now with more. hey, phil. >> hey, melissa.ause we have seen a number of these reports, eight straight months with new vehicle prices, transaction prices, moving lower. and it does raise this question. is this big deflation we're seeing here because we certainly saw big inflation as prices were increasing. here is the latest from cox automotive. in may, you see the average transaction price $48,389, still -- it is high relative to where it was a few years ago. but it...
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Jun 25, 2024
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phil, thank you. phil lebeau.t black to flat on rivian. >> the z is for zoom. [ laughter ] >> so, interestingly enough about rivian. amazon is the largest shareholder at 16% of the holdings there and this is a commitment out of volkswagen and this is a joint venture that they'll be fairly committed to. you think about also and phil mentioned this and i think the order was for 100,000 ev vans from amazon and there's a lot of possibility here and the burn rate is a lot, and this was something we're concerned with about tesla, and ten, 12 years ago or something like this. i think there's room for multiple players in the space. >> by the way, you're up a few percent according to sandy who tabulated those. >> thank you, sandy. >> rivian or delta which would you rather trade? >> i would rather trade delta. >> i didn't mean that as a game. >> me and steve ready to play games. assume it's the game, incorrectly. i really think this is more of a turning around the free cash flow and delevering story. you look at 2020. i thi
phil, thank you. phil lebeau.t black to flat on rivian. >> the z is for zoom. [ laughter ] >> so, interestingly enough about rivian. amazon is the largest shareholder at 16% of the holdings there and this is a commitment out of volkswagen and this is a joint venture that they'll be fairly committed to. you think about also and phil mentioned this and i think the order was for 100,000 ev vans from amazon and there's a lot of possibility here and the burn rate is a lot, and this was...
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Jun 18, 2024
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phil lebeau has been monitoring this. phil? >> it has not begun yet.ut dave calhoun had just walked into the hearing room. we expect the senators to come in shortly. this is what we usually see at one of these hearings where the witness comes in and then they wait for the senators. this was dave calhoun about 45 minutes ago. he briefly stopped and talked with us in the hallway on capitol hill. said he is here to answer the questions truthfully and honestly and in full transparency. and when he just walked into this room, as you would expect, as we saw when dennis muilenburg, the former boeing ceo was here for the 737 max hearings back in 2019, there are families of the victims from the 737 crashes who are in attendance with placards showing the faces of some of the victims. dave calhoun walked in. now i'm in a booth up above the hearing. i can't tell exactly what he said but i'm pretty sure he acknowledged them and said i'm deeply, deeply sorry. he said a few more things and then he sat down. there you see some of those placards. those are relatives of
phil lebeau has been monitoring this. phil? >> it has not begun yet.ut dave calhoun had just walked into the hearing room. we expect the senators to come in shortly. this is what we usually see at one of these hearings where the witness comes in and then they wait for the senators. this was dave calhoun about 45 minutes ago. he briefly stopped and talked with us in the hallway on capitol hill. said he is here to answer the questions truthfully and honestly and in full transparency. and...
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Jun 11, 2024
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let's bring in phil lebeau, who covers tesla. he'll be watching that meeting very closely.ng what you make of the back and forth between mr. gerchner and weitz. >> i agree with brad and i agree with nelson peltz. look, this was a pay package that was approved back in 2018. and i remember reporting on it, scott. and i remember how many people said, have you seen the metrics that he has to hit? and people were focused on the $56 billion that he would ultimately get, but this was not, you know, a walk in the park. these were ambitious targets that were set, that he would have to hit or tesla would have to hit, in order for him to get that compensation. and if you were an investor back then, i came across no investors who said, this is stupid, this is ridiculous, that he could get $56 billion. you know what most people i talked with back then said? they said, well, great. if he does, i'm probably going to cash in. and did they ever, scott. take a look at this. if you had $10,000 investored in tesla on the day when his pay package started, it would be worth more than $80,000 tod
let's bring in phil lebeau, who covers tesla. he'll be watching that meeting very closely.ng what you make of the back and forth between mr. gerchner and weitz. >> i agree with brad and i agree with nelson peltz. look, this was a pay package that was approved back in 2018. and i remember reporting on it, scott. and i remember how many people said, have you seen the metrics that he has to hit? and people were focused on the $56 billion that he would ultimately get, but this was not, you...
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Jun 24, 2024
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let's bring in phil lebeau to talk more about this.is out there swirling around that the department of justice might bring the criminal charges. you want to explain the back story on this and what is happening on this? >> right. remember, the two original crashes, which happened in '17 and '18, or '18 and '19, they led to the doj doing an investigation as part of the original max investigation and in 2021, there was a deferred prosecution agreement between boeing and the justice department. there was a $2.5 billion fine in there. as part of the agreement and stipulations as part of the agreement, boeing had to essentially keep its nose clean for the next three years, live up to all expectations. when you had the alaska airlines door plug blowout in january, that was right before the end of that deferred prosecution agreement. it allowed the doj to reopen that agreement and take a look at the terms. a lot of people have been saying, look, somebody needs to hold their foeet to the fire. one way to do that is have the doj extend the defer
let's bring in phil lebeau to talk more about this.is out there swirling around that the department of justice might bring the criminal charges. you want to explain the back story on this and what is happening on this? >> right. remember, the two original crashes, which happened in '17 and '18, or '18 and '19, they led to the doj doing an investigation as part of the original max investigation and in 2021, there was a deferred prosecution agreement between boeing and the justice...
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Jun 20, 2024
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phil lebeau. >> you bet. >> tim, as a shareholder, do you want this deal to proceed?ut efficiency, because becoming more vertically integrated isn't efficient. it's the perception of quality control. there's finger pointing all over the place that nothing is done at boeing anymore. so, if you've read a lot of t the -- there's been a lot of intricate review of what's been going right or wrong. the four items, catalysts that phil referenced, 737 is the most important by far for me. this deal may be more critical for 737 second or third derivative, because regulators will get onboard because they'll feel like things are in better control. >>> there's a lot more "fast money" to come. here's what's coming up next. >>>wanderlust for your portfolio? how to trade france and germany's bounces, next. >>> plus, a shot to the arm for gilead. shares soaring. what results mean for the chech company's future ahead. you're watching "fast money," live from the nasdaq mket tearsi in times square. we're back right after this. puo work with principal so we can help you with a plan that's
phil lebeau. >> you bet. >> tim, as a shareholder, do you want this deal to proceed?ut efficiency, because becoming more vertically integrated isn't efficient. it's the perception of quality control. there's finger pointing all over the place that nothing is done at boeing anymore. so, if you've read a lot of t the -- there's been a lot of intricate review of what's been going right or wrong. the four items, catalysts that phil referenced, 737 is the most important by far for me....
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Jun 26, 2024
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phil lebeau. yesterday afternoon, rivian as addressed an overhang on the stock, how much capital it has, does it have enough to get to the models. the stock is surging today, $5 billion potentially invested by vw, into rivian between now and 26. that should tide them over to our production, and look at shares of vw and rivian, forming a joint venture. we're interested in investing in rivian. they want something. who do they want. the software stack expertise, when it comes to evs, that's why they have struck this deal and also take a look at shares of tesla, steeple out initiating coverage today with a buy rating, price target of $265. they're bullish on the prospects for model three and model y sales over the next couple of years. >> mike, tesla is up 8% this week. >> yeah, tesla is another one, where it is more of the lagging effect, and maybe we already priced in the ev slowdown we've been talking about for months. it's interesting, on the rivian move because there's a little relief here, obvio
phil lebeau. yesterday afternoon, rivian as addressed an overhang on the stock, how much capital it has, does it have enough to get to the models. the stock is surging today, $5 billion potentially invested by vw, into rivian between now and 26. that should tide them over to our production, and look at shares of vw and rivian, forming a joint venture. we're interested in investing in rivian. they want something. who do they want. the software stack expertise, when it comes to evs, that's why...
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Jun 13, 2024
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. >>> joining us now is stellantis ceo carlos tavarez along with our own phil lebeau.> thank you, tyler. carlos, thanks for joining us after you guys had your capital markets day in auburn hills, michigan. i saw the presentation you guys did today. you're confirming your guidance for this year that you gave just a couple of months ago, but this second half is going to be challenging, especially here in north america. given your inventory levels, i think a number of people are looking at this and saying are you going to have to increase your incentives in discounting in order to clear out what are really high inventory levels? >> yes. you are right to say that. we will have a very unbalanced year. 2024 is a transition year as we are now ramping up our electrification in the market so we have many null products coming in the second half starting with the wagoneer-s and the new dodge charger and all of this, it's going to come in the second half so we have a very unbalanced year so far, and you are right to say that there are plenty of opportunities for our consumers to g
. >>> joining us now is stellantis ceo carlos tavarez along with our own phil lebeau.> thank you, tyler. carlos, thanks for joining us after you guys had your capital markets day in auburn hills, michigan. i saw the presentation you guys did today. you're confirming your guidance for this year that you gave just a couple of months ago, but this second half is going to be challenging, especially here in north america. given your inventory levels, i think a number of people are...
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phil lebeau joins us with more this morning. phil?t, if you are a tesla bull. i ean, he didn't give awe ton of specifics you could hang your hat on anytime soon, but, boy, optimistic about the future and came out of the gates rip-roaring happy. >> i just want to start off by saying, hot damn, i love you guys! [ applause ] yeah. >> oh, it was an hour lovefest between elon and the tesla shareholders there. what do analysts think about what he talk about? specifics in a bit what he talked about. garret nelson said wouldn't be surprised by a sell the news reaction on friday. already seen shares pull back a little relative to the spike we saw yesterday when they were up 78%. tony from bernstein a note this morning saying shareholder meeting wan unusually and at times uncomfortably promotional. even by tesla standards. all right. what doid he talk about? autonomous ftechnology saying it's accelerating. incredibly bullish how quickly it's coming together, but didn't give timelines in terms of exactly when we, he expects to see this fully aut
phil lebeau joins us with more this morning. phil?t, if you are a tesla bull. i ean, he didn't give awe ton of specifics you could hang your hat on anytime soon, but, boy, optimistic about the future and came out of the gates rip-roaring happy. >> i just want to start off by saying, hot damn, i love you guys! [ applause ] yeah. >> oh, it was an hour lovefest between elon and the tesla shareholders there. what do analysts think about what he talk about? specifics in a bit what he...
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Jun 18, 2024
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phil lebeau joins us with the latest from washington. phil. >> very rough. and look, people would sit there and say deservedly so because dave calhoun has not answered questionsp on capitol hill publicly. he has met with senators in meetings over the last several months. but this will be the first hearing, and at this hearing we're going to hear him get blasted by senators who will also say look, we've heard from another whistleblower who has come forward who has said the practices at boeing are not what they should be and that because of that, the company has to make real changes. so the question now becomes, what are the changes at boeing? because that's really the news here. not that he's going to get blasted by senators. so when you look at the hearing today, a couple things to keep in mind. first of all, dave calhoun is going to come out and already said we've seen his testimony, he's going to admit, look, our safety culture, our culture just needs to be overhauled. we've heard these concerns loud and clear. our culture is far from
phil lebeau joins us with the latest from washington. phil. >> very rough. and look, people would sit there and say deservedly so because dave calhoun has not answered questionsp on capitol hill publicly. he has met with senators in meetings over the last several months. but this will be the first hearing, and at this hearing we're going to hear him get blasted by senators who will also say look, we've heard from another whistleblower who has come forward who has said the practices at...
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Jun 4, 2024
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thank you, phil, versus gm. >> you bet. phil lebeau with those ford numbers.oming up, we'll get jim's "mad dash." let's give you a look at futures one last time. more "squawk on the street" right after this. this is our future, ma. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo >>> let's take a look at oil, a notable chart there. we're not too far from the lows of the year at this point. we're down some 17% in a relatively short amount of time. >> the reality is when we go to the market, heads i win, tails you lose, partner. >> you can see it up just 2% for the full year. as you see, down another percent and a half in the early going here, a bit above 73. we've got opening bell a few minutes away. we'll squeeze in a "mad dash" from just as well. don't go anywhere. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist o
thank you, phil, versus gm. >> you bet. phil lebeau with those ford numbers.oming up, we'll get jim's "mad dash." let's give you a look at futures one last time. more "squawk on the street" right after this. this is our future, ma. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo >>> let's take a look at oil, a...
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Jun 25, 2024
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let's get to phil lebeau with more on that story. >> carl, if you fly much, you know lounges anywherenes are really saying, wait a second, how do we take care of our most lucrative customers? at delta at jfk, that means opening the delta one lounge. it's for the most lucrative customers. you're not buying a guest pass to come in here. you're also not getting in here unless you're spending a lot of money, say, with a first-class ticket to europe. capacity is limited to 500 people in this room. you're not wedged in here. access to limited. is-t is the largest delta lounge in the world. it's the only delta one lounge in the world. it is much larger than any delta sky club. so, what you're looking at here, things like where i'm standing right now, a sitdown, full-service restaurant. it's not a buffet you just walk up to. and this comes at a time when more and more people are flying. look at the number of screened passengers by the tsa. we will see 3 million people screened by the tsa probably within the next week. that is the expectation that fourth of july holiday will be the first time
let's get to phil lebeau with more on that story. >> carl, if you fly much, you know lounges anywherenes are really saying, wait a second, how do we take care of our most lucrative customers? at delta at jfk, that means opening the delta one lounge. it's for the most lucrative customers. you're not buying a guest pass to come in here. you're also not getting in here unless you're spending a lot of money, say, with a first-class ticket to europe. capacity is limited to 500 people in this...
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Jun 27, 2024
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phil lebeau has with what management had to say, all the goals, hopes and dreams for the company. >> reiteration of 57,000 vehicles, and they expect to be positive profit per vehicle in the fourth quarter. that's important. when you look at the q1 lost person vehicle, they do have about $ billion in liquidity, at least that's what it was at the end of q1. we'll see what it is after when they error the q2 results. the big part of the bull thesis here, people believing it will ultimately pay off, they can bring down their costs substantially they believe we can cut material costs by to%, and then when the r-2s come online, they can cut material costs even further. why am i showing you tesla? because anytime we talk rivian, we have the guidance from, as we will for tesla, the q2 numbers. that's going to drive a lot of what happens near term with shares of tesla. so, i would call somewhere around when tesla has its results. >> we knew that rivian was losing a lot on its vehicles, while they processes can probably help. i think they have to help to earn -- we still have so much deflates,
phil lebeau has with what management had to say, all the goals, hopes and dreams for the company. >> reiteration of 57,000 vehicles, and they expect to be positive profit per vehicle in the fourth quarter. that's important. when you look at the q1 lost person vehicle, they do have about $ billion in liquidity, at least that's what it was at the end of q1. we'll see what it is after when they error the q2 results. the big part of the bull thesis here, people believing it will ultimately...
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Jun 25, 2024
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phil lebeau is at the new delta one lounge with delta ceo ed bastien. phil, gentlemen? more exclusive. plenty of elbow room. why the delta lounge. this is not just another sky club. >> this is not another sky club. they're great. yes, they're overcrowded. we're working on that, too. we're upscaling the next set of lounges. so this is a delta one lounge. only for customers that are flying delta one, 360s will have access, but people that want to have that next level premium experience will have a great time here. i do believe it's the nicest lounge, certainly in north america. one of the nicest lounges candidly in the world. people see it, we open it tonight, i think that's what the review will come back. >> almost 40,000 square feet. >> 40,000 square feet. the other benefit we get, as we open this lounge, it takes pressure off of our pre-existing club at jfk, which is a nice lounge. when it's crowded it's not so nice. we'll get two lounges for one as we open this. >> have you heard from your frequent fliers saying, look, there's too many people in the lounges, not just
phil lebeau is at the new delta one lounge with delta ceo ed bastien. phil, gentlemen? more exclusive. plenty of elbow room. why the delta lounge. this is not just another sky club. >> this is not another sky club. they're great. yes, they're overcrowded. we're working on that, too. we're upscaling the next set of lounges. so this is a delta one lounge. only for customers that are flying delta one, 360s will have access, but people that want to have that next level premium experience will...
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Jun 13, 2024
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phil lebeau and pippa stevens looks ahead to adobe aerks out after the bell. welcome all.hovering here at the index level. another day where the majority of stocks aren't really participating. everybody has a question about whether it's sustainable. >> i'm bullish but cautious here on the tape. the s&p 500, what's not to like, there's plenty we can argue about, but i'm still bullish, i think the s&p can get up to around 55, 50 or so on this next leg higher, before something more serious can happen. >> if you're bullish on the index, the index itself is the truth at this point in terms of aggregate market behavior. would you kind of own an s&p 500-like portfolio. in other words, you're not looking to pull laggards? >> that's exactly right. you want to be where the strength is. that's where this narrow breadth is telling us. be in those areas of the market that are the strongest, so lean spite. if you think back to 1998. you were bearish, you got tapped on the shourl. >> that's when the dow transport started to lag and you had two years to sit there as the market got higher.
phil lebeau and pippa stevens looks ahead to adobe aerks out after the bell. welcome all.hovering here at the index level. another day where the majority of stocks aren't really participating. everybody has a question about whether it's sustainable. >> i'm bullish but cautious here on the tape. the s&p 500, what's not to like, there's plenty we can argue about, but i'm still bullish, i think the s&p can get up to around 55, 50 or so on this next leg higher, before something more...
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Jun 18, 2024
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phil lebeau down in d.c. on the hill for us. s&p and nasdaq both trying for record-breaking highs.oining me now is capital wealth planning's kevin simple skpon p son and pimco's erin brown. keith meister sounded pretty constructive on the markets here. what's your view? >> i'm constructive, as well. we're in an environment right now, where growth is still good. we have inflation coming down. that should be supportive of corporate profit margins. and when we look into the second half of this year, we're expecting to see a little bit of an earnings pickup. to date, this has very much been led by the ai sector and by tech specifically, but i do expect as we move into the second half of this year, we would see a gradual broadening out. that said, i still want to stay long ai and the tech sector. and incrementally start adding additional sectors as well, maybe some more cyclical exposure, given the underperformance of late. >> i thought keith's point of view on rate cuts was interesting. the idea, if they do cut, it's going to be bad. it's not going to be for the right reasons, because
phil lebeau down in d.c. on the hill for us. s&p and nasdaq both trying for record-breaking highs.oining me now is capital wealth planning's kevin simple skpon p son and pimco's erin brown. keith meister sounded pretty constructive on the markets here. what's your view? >> i'm constructive, as well. we're in an environment right now, where growth is still good. we have inflation coming down. that should be supportive of corporate profit margins. and when we look into the second half...
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Jun 26, 2024
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when you go into -- yesterday, phil lebeau -- did anyone see the delta interview?n, man, delta's profitable. they're doing everything great. i can stay at the lounge. i got southwest, and it's, well, everything's great. don't worry about the financials. what? look, i'm not a travel agent. carl, we should buy southwest because i really got a good deal on that houston fare? no. it's about profitability. that's, unfortunately, still a part of the problem. it's not just about running an airline. it's about profitability. >> this is about actual pricing models. given that the backdrop of travel is still incredibly robust. >> they did -- minus four. we were looking for minus 1.5 to minus 3.5. you just can't screw up when you're in there and elliott is staring you down. i just don't get it. but i do think that -- i don't want to buy it. i don't want to sell it. >> you haven't called for jordan's dismissal, have you? >> no, no. i think that his -- there's still a lot of issues. i wish -- let's put it this way. if you think he should go, then you should say the whole board
when you go into -- yesterday, phil lebeau -- did anyone see the delta interview?n, man, delta's profitable. they're doing everything great. i can stay at the lounge. i got southwest, and it's, well, everything's great. don't worry about the financials. what? look, i'm not a travel agent. carl, we should buy southwest because i really got a good deal on that houston fare? no. it's about profitability. that's, unfortunately, still a part of the problem. it's not just about running an airline....
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Jun 4, 2024
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phil lebeau has more on what we can expect from the two automakers this morning. >> let's start off withsales numbers when the company reports its results for the month of may. hybrids is really the one area where we made the pivot last year, started rolling out things like the hybrid maverick, the hybrid f-10. they've done well with that, sales up 41% year-to-date. it's about 9% of ford sales. in terms of ford versus the competition, in hybrid sales here in the u.s., this is still toyota's market, and they dominated, selling more than half of all of the hybrids. there you see ford all the way down there at 8.4%, behind even stellantis, which has had success with plug-in hybrid vehicles for the jeep brand. ford's focus now is going to be taking the demand for hybrids, and we heard this last week from jim farley and eventually start also pushing extended range electric vehicles. they're not there yet, but that's one of the areas they focus on. you may be saying to yourself, well, what about the pure electric vehicles. they're only about 4% of the market. the lightning, the mustang mach-e,
phil lebeau has more on what we can expect from the two automakers this morning. >> let's start off withsales numbers when the company reports its results for the month of may. hybrids is really the one area where we made the pivot last year, started rolling out things like the hybrid maverick, the hybrid f-10. they've done well with that, sales up 41% year-to-date. it's about 9% of ford sales. in terms of ford versus the competition, in hybrid sales here in the u.s., this is still...
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Jun 18, 2024
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phil lebeau joins us now. >> hybrids, there's greater selection and lower pricing than evs, and theys of evs. look at the current market share when it comes to ice vehicles, hybrid versus evs. well, that 7% and 10.5% will be changing. when will it change? bank of america out with its annual car wars report and this is a benchmark analyst report that the industry looks to every year. and john murphy from bank of america said expect evs to outpace hybrids. here's john murphy talking about that. >> what we are seeing right now is a slightly faster growth in hybrids, but both hybrids and evs, by the time we get to calendar year 2027, reaching the mid teens penetration rate, and that's what hybrids will stall out in, and we expect evs to grow doubling that by 2030. >> tesla, gm and toyota over the last year. the reason we are showing this to you is because i hear from people on a regular basis. they said tesla is dead in the water here for a while because evs aren't selling. that's going to change at some point. i don't know if skwrepbt motors will outpace tesla and toyota. this wave comi
phil lebeau joins us now. >> hybrids, there's greater selection and lower pricing than evs, and theys of evs. look at the current market share when it comes to ice vehicles, hybrid versus evs. well, that 7% and 10.5% will be changing. when will it change? bank of america out with its annual car wars report and this is a benchmark analyst report that the industry looks to every year. and john murphy from bank of america said expect evs to outpace hybrids. here's john murphy talking about...
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Jun 25, 2024
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phil lebeau is at jfk in queens. >> come on, joe!i might want to hang out a little while. >> yeah, well, you and everybody else wants into a lounge, not just at delta, but every airline. if you fly a lot, if you are a member of a particular airline and you go to that airline's lounge, i don't care what airline it is, it's no longer as exclusive as it used to be, it is packed. so many people are going into the lounges, because so many people are flying, whether it's cause they have access to a co-branded credit card, whether they're brought in as a guest. so delta says, let's up the ante making sure our most lucrative customers are taken care of. it's only for high-valued, high-lucrative passengers. in other words, you can't buy a pass to come in here, if you're a member of the delta 360 club, which is the top tier for those who are flying a lot, you can come in here, or a delta one first class ticket, the access is capped. this is the first location here at jfk. going to be adding them at l.a.x. as well as boston logan. the bottom li
phil lebeau is at jfk in queens. >> come on, joe!i might want to hang out a little while. >> yeah, well, you and everybody else wants into a lounge, not just at delta, but every airline. if you fly a lot, if you are a member of a particular airline and you go to that airline's lounge, i don't care what airline it is, it's no longer as exclusive as it used to be, it is packed. so many people are going into the lounges, because so many people are flying, whether it's cause they have...
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Jun 13, 2024
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. >> phil lebeau thank you, sir >>> we will see, and following this throughout the day. >>> when we comekets, election and which stock he thinks will be the biggest beneficiary of the a.i. play. >>> plus, expecting latest read on jobless claims and ppi in less than half an hour futures ahead of that data dow off about 115 points nasdaq towering higher 116 points higher. s&p 500 up and 5.5 points. you're watching "squawk box" and this is cnbc. (office chatter) is it me...or is work not working? at least, not the way it could work. your people are buried in busy work. and you might be thinking... can ai make it all work? can ai help your people work... without all the workarounds? feel better. make customer service work the way customers expect? that one. make your old tech work with your new tech? thank you. and todd here is wondering, can ai do all that... now? no pressure. it can. on the servicenow platform, ai transforms your entire business. your people work better, your customers are happier, and todd... well... he's practically euphoric. practically. because when your people work be
. >> phil lebeau thank you, sir >>> we will see, and following this throughout the day. >>> when we comekets, election and which stock he thinks will be the biggest beneficiary of the a.i. play. >>> plus, expecting latest read on jobless claims and ppi in less than half an hour futures ahead of that data dow off about 115 points nasdaq towering higher 116 points higher. s&p 500 up and 5.5 points. you're watching "squawk box" and this is cnbc....