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May 17, 2024
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pippa stevens, mike, do we consider robinhood a meme stock. >> i wouldn't say it is a meme stock, the first derivative. >> leave it to you to put it perfectly. >> one of the characteristics of them, they were these kind of, you know, declining businesses that somehow because of the life of the stock and a big story we'll go higher. robinhood is fascinating to see the volume eruption in these types of stocks, various indicators i was looking at yesterday stuff based on how much nasdaq volume versus new york -- all those kind of things showing we're in a speculative frenzy but it was a handful of small stocks. a lot flowing through retail brokers like robinhood. it is a reminder to me that robinhood is still just a play on overall retail volumes and engagement as opposed to, you know, a financial supermarket that's, you know, that's sort of really warehousing people's retirement money. >> plus the memers, if you will got mad at robinhood the last time. >> they were villainized by robinhood and, by the way, by the looks of gamestop it was a quick unwind in this little version of the meme
pippa stevens, mike, do we consider robinhood a meme stock. >> i wouldn't say it is a meme stock, the first derivative. >> leave it to you to put it perfectly. >> one of the characteristics of them, they were these kind of, you know, declining businesses that somehow because of the life of the stock and a big story we'll go higher. robinhood is fascinating to see the volume eruption in these types of stocks, various indicators i was looking at yesterday stuff based on how much...
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May 23, 2024
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alternative power sources are being sought out pippa stevens is following that money trail and has the story. >> dom, 'em here at a new solar site that will be powering a new meta data center, and we have the details up next on "power lunch. ading platforms. bring your trades into focus on thinkorswim desktop with robust charting and analysis tools, including over 400 technical studies. tailor the platforms to your unique needs with nearly endless customization. and track market trends with up-to-the-minute news and insights. trade brilliantly with schwab. nature's bounty hair growth. clinically shown to help grow thicker, fuller hair with just one capsule a day of advanced hair complex. conquer hair thinning... ...and fall in love with your hair all over again. only from nature's bounty. >>> welcome back the solar stocks have jumped this past week, led by first solar on hopes it could be a new provider for the massive energy demand a.i. will need in the future meanwhile, a new solar panel farm funded by the inflation reduction act is being developed outside phoenix, arizona, with the
alternative power sources are being sought out pippa stevens is following that money trail and has the story. >> dom, 'em here at a new solar site that will be powering a new meta data center, and we have the details up next on "power lunch. ading platforms. bring your trades into focus on thinkorswim desktop with robust charting and analysis tools, including over 400 technical studies. tailor the platforms to your unique needs with nearly endless customization. and track market...
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May 23, 2024
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we have pippa stevens with more. >> reporter: frank, here at the solar facility, 857,000 solar panels are about to start taoducing power for a new meta da center. we have the details coming up next on "worldwide exchange. champion iron offers a rare solution to decarbonize the steel industry. which represents up to 10% of global emissions. the company recently doubled production capacity at its mine in eastern canada. it is now investing to produce one of the world's purest iron ore. enabling green steelmaking without the use of coal. controlling a large portfolio of high purity iron ore resources. champion is considering strategic partnerships to further develop the region. champion iron. at morgan stanley, old school hard work meets bold new thinking. to help you see untapped possibilities and relentlessly work with you to make them real. clem's not a morning person. or a... people person. but he is an “i can solve this in 4 different ways” person. you need clem. clem needs benefits. work with principal so we can help you with a plan that's right for him. you know what i'm sayin
we have pippa stevens with more. >> reporter: frank, here at the solar facility, 857,000 solar panels are about to start taoducing power for a new meta da center. we have the details coming up next on "worldwide exchange. champion iron offers a rare solution to decarbonize the steel industry. which represents up to 10% of global emissions. the company recently doubled production capacity at its mine in eastern canada. it is now investing to produce one of the world's purest iron ore....
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May 2, 2024
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, for breaking it down for us pippa stevens, appreciate it. >>> let's get over to julia boorstin for an update. >> the media is urging the house to investigate short-selling of shares president trump is the shareholder of truth social. >>> former nickelodeon producer dan schneider is suing the production, saying they implied he sexually abused the children with whom he worked. it named warner brothers discovery, where the documentary aired, and max, where it is streaming. >>> the director of national intelligence, avril hanes, warned that ransomware attacks grew in the last year. u.s. entities were the most heavily targeted, with attacks on health care doubles from the year before. back to you. >> thank you. >>> as we head to break, a quick power check. you can see there on the positive side of the s&p, aerospace higher by 15%. this despite the ceo warning of potential demand issues. on the negative side, qorvo tumbling the smartphone supplier offering weak outlook not a good sign for one of its biggest customers, apple that's your power check. we'll be right back. ♪ (alarm sound)
, for breaking it down for us pippa stevens, appreciate it. >>> let's get over to julia boorstin for an update. >> the media is urging the house to investigate short-selling of shares president trump is the shareholder of truth social. >>> former nickelodeon producer dan schneider is suing the production, saying they implied he sexually abused the children with whom he worked. it named warner brothers discovery, where the documentary aired, and max, where it is...
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May 16, 2024
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>> pippa stevens, thank you. appreciate it. >>> coming up, a new study suggesting you may want to request more female doctors if you're going in for surgery. we'll break down the new findings. that's all ahead on "nbc news daily." (♪♪) (♪♪) bounce back fast from heartburn with new tums gummy bites, and love food back. (♪♪) camilla tried the new scent of gain relax flings and it changed everything. (♪♪) hey dave, don't knock it 'til you smell it. new gain relax flings. i told myself i was ok with my moderate to severe rheumatoid arthritis symptoms. with my psoriatic arthritis symptoms. but just ok isn't ok. and i was done settling. if you still have symptoms after a tnf blocker like humira or enbrel, rinvoq is different and may help. rinvoq is a once-daily pill that can rapidly relieve joint pain, stiffness, and swelling in ra and psa. relieve fatigue for some... and stop joint damage. and in psa, can leave skin clear or almost clear. rinvoq can lower your ability to fight infections, including tb.
>> pippa stevens, thank you. appreciate it. >>> coming up, a new study suggesting you may want to request more female doctors if you're going in for surgery. we'll break down the new findings. that's all ahead on "nbc news daily." (♪♪) (♪♪) bounce back fast from heartburn with new tums gummy bites, and love food back. (♪♪) camilla tried the new scent of gain relax flings and it changed everything. (♪♪) hey dave, don't knock it 'til you smell it. new gain...
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May 10, 2024
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stevens, thank you so much. we've got 90 seconds, mike, great week for financials. >> yeah. >> great week for utilities. and pretty spread out throughout, it's been a nice broad week >> it has. i think one of the factors that's been driving a lot of what's gone on the last few weeks, we talked about this even going back to february was the extreme outperformance of high momentum products to this market, really look vulnerable for reversal the high momentum areas of the market have backed off, but what happens there is you get the low momentum washed out parts of the market benefitting because essentially the quantitative trades work in reverse i think that's a big part of what's going on with utilities, a little bit with staples that have acted a bit better too, and the glaring piece of this, which keeps me from saying, oh, we're seeing a broadens of the market because we have a better macro picture is the consumer cyclicals. you still have a little bit of pressure on the whole story line about whether the consu
stevens, thank you so much. we've got 90 seconds, mike, great week for financials. >> yeah. >> great week for utilities. and pretty spread out throughout, it's been a nice broad week >> it has. i think one of the factors that's been driving a lot of what's gone on the last few weeks, we talked about this even going back to february was the extreme outperformance of high momentum products to this market, really look vulnerable for reversal the high momentum areas of the market...
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May 31, 2024
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pippa stevens reporting there. >>> over to contessa brewer with for cnbc news update contessa >> president biden this afternoon outlined the road map for an israeli cease-fire proposal in gaza three phases first, a cease-fire for six weeks, which would allow people to return to their homes and during that time, israel and hamas would negotiate a permanent end to the war phase two would see the release of all remaining living hostages, and israeli withdrawal and the last phase would be a major reconstruction plan for gaza we will wait to hear how israel responds to that proposal. >>> house republicans are demanding testimony from manhattan district attorney alvin bragg and other top prosecutors who worked on the former president's hush money trial. the house judiciary's, quote, weaponization of government, unquote, subcommittee, which is led by trump ally jim jordan, called for that testimony june 13th >>> and members of the swedish pop sensation group abba reunited today to receive a prestigious knighthood from the country's king the 1970s band sold an estimated 385 million records, includ
pippa stevens reporting there. >>> over to contessa brewer with for cnbc news update contessa >> president biden this afternoon outlined the road map for an israeli cease-fire proposal in gaza three phases first, a cease-fire for six weeks, which would allow people to return to their homes and during that time, israel and hamas would negotiate a permanent end to the war phase two would see the release of all remaining living hostages, and israeli withdrawal and the last phase...
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May 8, 2024
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pippa stevens. coming up, chinese stocks are trying to mount a rebound after a dismal 12 months we'll ask crane shares' chief investment officer about his viewn eiecomne rht othr ony xtig after this ♪ amelia, turn off alarm. amelia, weather. 70 degrees and sunny today. amelia, unlock the door. i'm afraid i can't do that, jen. ♪ (suspenseful music) ♪ why not? did you forget something? ♪ (suspenseful music) ♪ my protein shake. the future isn't scary. not investing in it is. you're so dramatic amelia. bye jen. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. if you've ever grilled, you know you can count on propane to make everything great. but did you know propane also powers school buses that produce lower emissions that lead to higher test scores? or that propane can cut your energy costs at home? it powers big jobs and small ones too. from hospitals to hospitality, peop
pippa stevens. coming up, chinese stocks are trying to mount a rebound after a dismal 12 months we'll ask crane shares' chief investment officer about his viewn eiecomne rht othr ony xtig after this ♪ amelia, turn off alarm. amelia, weather. 70 degrees and sunny today. amelia, unlock the door. i'm afraid i can't do that, jen. ♪ (suspenseful music) ♪ why not? did you forget something? ♪ (suspenseful music) ♪ my protein shake. the future isn't scary. not investing in it is. you're so...
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May 31, 2024
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back to you. >> pippa, appreciate that. thank you. pippa stevens. mike, you get buying today in energy which is outperforming, you've got utilities which have obviously had a huge run >> yeah. >> looked like maybe they were going to be on the verge of giving a good bit back up nicely today along with every sector but tech. >> market in is kind of keeping everybody off balance. it tends to do that when it's not driven by sort of a very strong discovery of a new macro trend or not in earnings season. i think a lot of it, we're seeing the aftershocks of that big momentum crescendo, performance, into april. we unwound a lot of it market wanted to go to laggard groups like utilities. it picked some of those up wasn't overdone. oil is really tame right now in fact, the -- most in danger of breaking down a bit which would be great news i think from the macro. so many of the things that sectors are telling us have a pretty positive message for the path of inflation. i think that's one of the things that's propping up the market right here so i wish, you kno
back to you. >> pippa, appreciate that. thank you. pippa stevens. mike, you get buying today in energy which is outperforming, you've got utilities which have obviously had a huge run >> yeah. >> looked like maybe they were going to be on the verge of giving a good bit back up nicely today along with every sector but tech. >> market in is kind of keeping everybody off balance. it tends to do that when it's not driven by sort of a very strong discovery of a new macro...
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May 10, 2024
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pippa stevens has more on the gold bug. >> this is far from a boomers only trade millennials actually have the largest allocation of gold, 17%, relative to baby boomers 10%, according to state street. now, part of this is interest, in the physical asset, and that retains value. 27-year-old diba ahmed who was outside toronto, bought her first gold bar two years ago at cd bank and she has been buying ever since, as part of a balanced portfolio >> there needs to be a way to secure the value of funds and that's why i was like, let me go buy gold, because i know for sure, it is not a short-term game, it is a long-term way of storing value. i don't get emotional about my purchases. again as long as it is 10% of my portfolio, i'm okay with it. >> 37-year-old mark meyer is a precious metals reseller and dea dealer with a warehouse to store what he buys and the general concern of millennials is the distrust with the dollar meyer buys coins and more. and it makes up a quarter of his investment dollar. 52-week highs today, 69% of millennials saying the best way to invest in gold is through etfs
pippa stevens has more on the gold bug. >> this is far from a boomers only trade millennials actually have the largest allocation of gold, 17%, relative to baby boomers 10%, according to state street. now, part of this is interest, in the physical asset, and that retains value. 27-year-old diba ahmed who was outside toronto, bought her first gold bar two years ago at cd bank and she has been buying ever since, as part of a balanced portfolio >> there needs to be a way to secure the...
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May 10, 2024
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pippa stevens has more >> reporter: good morning, frank. this is far from the boomers-only trade boomers are at 10% with millennials at 17% according to stat state street t 27-year-old who lives outside toronto bought her first gold bar two years ago at td bank and buying ever since as part of the balanced portfolio >> there needs to be a way to secure the volume of funds and that's why i bought gold it is not a short-term game. it is a way of storing value as long as it is 10% of the portfolio, i'm okay with it. if it does well, amazing if it goes coudown, i'm hedged against other things >> reporter: this dealer in pennsylvania said younger buyers are driven by distrust in the dollar >> what i am fascinated with is the interest in the really young buyers those under 35 years old and generally when i talk to them and we sell small bars or silver coins, the general concern is that there's a distrust with the do dollar that's what i guess pulls them into having interest in gold and silver >> reporter: he owns gold bars and coins and stocks an
pippa stevens has more >> reporter: good morning, frank. this is far from the boomers-only trade boomers are at 10% with millennials at 17% according to stat state street t 27-year-old who lives outside toronto bought her first gold bar two years ago at td bank and buying ever since as part of the balanced portfolio >> there needs to be a way to secure the volume of funds and that's why i bought gold it is not a short-term game. it is a way of storing value as long as it is 10% of...
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May 9, 2024
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. >> pippa stevens, with the latest, thank you. >>> now over to bertha coombs for a cnbc news update. >>> donald trump's lawyers told the judge in his new york hush money case, they plan to remove a call for a somes trial after stormy daniels finished her testimony. trump's legal team says it will fight testimony from karen mcdougal the judge said he would send the jury home at 4:00 to hearing arguments. >>> israel says it has who it needs for a ground offensive in rafah without the u.s. equipment. >>> and harvey weinstein is back at new york's rikers island jail, as he awaits a retrial in his overturned new york rape case in a brief court hearing this morning, he denied his consent to be extradited to california, where he was convicted in rape in at separate indication, citing serious health issues. >>> coming up on the show, you've got a deluxe three stock lunch ediagnose here, because bigger is always better, i think, radio i got we'll bring you the story and the trade. "power lunch" is back in two to start a business, you need an idea. it's a pillow with a speaker in it! that's ri
. >> pippa stevens, with the latest, thank you. >>> now over to bertha coombs for a cnbc news update. >>> donald trump's lawyers told the judge in his new york hush money case, they plan to remove a call for a somes trial after stormy daniels finished her testimony. trump's legal team says it will fight testimony from karen mcdougal the judge said he would send the jury home at 4:00 to hearing arguments. >>> israel says it has who it needs for a ground offensive...
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May 6, 2024
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. >>> pippa stevens has the headlines. >> and the trump hush-money trial continues this afternoon, and the payments included money to cover taxes on hush-money paid to stormy daniels, which she testified were paid from a trust and trump's personal account. for months, bernie sanders announced today he will run for re-election for what would be his fourth senate term. the independent congressman was previously a democratic member for 16 years and continues to caucus with them. at 82 years old sanders is the second oldest senator, behind grassley sz, who is 90. and as the houston area continues to face the rains, and forecasters are warning 10 million americans in the midwest are at risk today for powerful storms for tornadoes and baseball-sized hail. >> thank you, pippa. >>> up next, bob pisani is following with eft edge. we're back in just two minutes. 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'll all go. when it comes to investing, we live in uncertain t
. >>> pippa stevens has the headlines. >> and the trump hush-money trial continues this afternoon, and the payments included money to cover taxes on hush-money paid to stormy daniels, which she testified were paid from a trust and trump's personal account. for months, bernie sanders announced today he will run for re-election for what would be his fourth senate term. the independent congressman was previously a democratic member for 16 years and continues to caucus with them. at...
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May 3, 2024
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pippa stevens is back at cnbc hq. >> shares of apple are up 6% here in pre-market and set to add $162 billion to the market cap at the open or more than the market value of nike, goldman sachs and comcast and ibm. this is after the company reported the fiscal second quarter results and authorized the biggest share buyback ever and biggest in the history of corporate america. $110 billion on that buyback. that is 22% more than the $9$90 billion more than the board authorized last year. when it comes to the business of making money, apple says sales fell 4% year on year and iphone sales fell more than 10%. the company blames on a tough year on year comparison. speaking with our steve kovach, tim cook did not provide guidance, but said sales would grow in the second quarter. if you remove the $5 billion from the rltsesults, we would h grown this year on a year on year basis. mac sales were up 4%, but below the high watermark set in 2022. services is bouncing back. sales rising more than 14% to $24 billion. when it comes to china, sales were down year on year, but not as bad as feared. wh
pippa stevens is back at cnbc hq. >> shares of apple are up 6% here in pre-market and set to add $162 billion to the market cap at the open or more than the market value of nike, goldman sachs and comcast and ibm. this is after the company reported the fiscal second quarter results and authorized the biggest share buyback ever and biggest in the history of corporate america. $110 billion on that buyback. that is 22% more than the $9$90 billion more than the board authorized last year....
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May 20, 2024
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budgets are looking to >>> let's get to the headlines with pippa stevens >> and answering questions once again, cohen in the trump hush-money trial they are senate banking committee chair, sherrod brown, called for biden to replace the fdic today the comments follow his testimony in congress last week. new york attorney general, law taerba james, is settling with crypto lender genesis for $2 billion that it will help her pay defrauded investors in new york that paid in the gemini program. she claimed they misled investors. back to you. >> thank you >>> up next, betting on the weight loss boom two new etfs this week, and bob tells you exactly what they are, next (traffic noises) (♪♪) 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'll all go. appreciate it so much. thank you. doors are new beginnings. -surprise! -surprise! your dedicated fidelity advisor can help you open those doors. for you, mam
budgets are looking to >>> let's get to the headlines with pippa stevens >> and answering questions once again, cohen in the trump hush-money trial they are senate banking committee chair, sherrod brown, called for biden to replace the fdic today the comments follow his testimony in congress last week. new york attorney general, law taerba james, is settling with crypto lender genesis for $2 billion that it will help her pay defrauded investors in new york that paid in the gemini...
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. ♪♪ ♪♪ >>> welcome back i'm pippa stevens with your cnbc news update. former president donald trump is expected to address his felony conviction in new york outside of trump tower in manhattan. his legal team has vowed to appeal the guilty verdict on 34 counts of falsifying business records. the trump campaign said it raised a record 34.8 million in donations after the verdict came down the israeli military confirmed today its forced backed by tanks and artillery are operating in central rafah the southern gaza border citi where hundreds of thousands have fled to escape israel's bombardment the offensive coming despite rising international backlash. >>> vermont the first state to enact a law requiring fossil fuel companies to cover damages from climate change. the state's republican governor let the measure become law without his signature late last night. the law which comes after record flooding in the state last year is expected to face legal challenges maryland, mass cachusetts and n york are considering similar measures. >> thank you >>> traders th
. ♪♪ ♪♪ >>> welcome back i'm pippa stevens with your cnbc news update. former president donald trump is expected to address his felony conviction in new york outside of trump tower in manhattan. his legal team has vowed to appeal the guilty verdict on 34 counts of falsifying business records. the trump campaign said it raised a record 34.8 million in donations after the verdict came down the israeli military confirmed today its forced backed by tanks and artillery are operating...
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May 20, 2024
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. >>> it's time for a news you update to pippa stevens. >> good morning, carl. the chief prosecutor of the international criminal court said this morning that he will seek arrest warrants for israeli prime minister benjamin netanyahu and hamas leader sinwar the prosecutor said both bear responsibility for war crimes amid the israel-hamas war in gaza israeli and palestinian officials are facing warrants. >>> donald trump's forminger fixer michael cohen is back on the stand today facing more cross-examination from the defense. he is in the prosecution's final witness in the trial over whether trump falsified business records related to payments to adult film actress stormy daniels. unclear if the defense will call witness joss a lie court in london ruled wikileaks founder julian assange has a right to appeal judges were not convinced by u.s. assurances assange would be allowed to rely on his first amendment rights in trial. he faces 175 years in prison sara >> pippa, thank you. pippa stevens. >>> still ahead if 2023 was the year of ai hype, 2024 is the year of dis
. >>> it's time for a news you update to pippa stevens. >> good morning, carl. the chief prosecutor of the international criminal court said this morning that he will seek arrest warrants for israeli prime minister benjamin netanyahu and hamas leader sinwar the prosecutor said both bear responsibility for war crimes amid the israel-hamas war in gaza israeli and palestinian officials are facing warrants. >>> donald trump's forminger fixer michael cohen is back on the...
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May 17, 2024
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pippa stevens is here with those details. >> and starting with the public markets. if you look only at clean energy stocks, you might think trade is all but dead. but it is actually booming. five years ago the value was half a billion. and last year nearly $26 billion. and wind and solar still attracted the most but the ecosystem has become broader with renewable fuels, batteries seeing more investment. and pe play as a critical role because they are a stepping stone of sort fogs companies that have outgrown venture capital but not ready in public markets. they did say a lot of the deals are investing in infrastructure buildouts rather than acquires companies outright. so essentially you are getting a foot in the door now in the opens of bigger returns later. but he says the fact that they can even raise money is a good sign. >> is it just a lagging thing where the returns for clean en energy, we've talked about how they are down big, could the same hit be coming for some of the companies with private equity investments? >> i think what a lot of the pe deals being d
pippa stevens is here with those details. >> and starting with the public markets. if you look only at clean energy stocks, you might think trade is all but dead. but it is actually booming. five years ago the value was half a billion. and last year nearly $26 billion. and wind and solar still attracted the most but the ecosystem has become broader with renewable fuels, batteries seeing more investment. and pe play as a critical role because they are a stepping stone of sort fogs...
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May 23, 2024
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pippa stevens is live in coolidge, pippa? >> hey, morgan orstead is wrapping up construction at this $1 billion solar and battery storage site about an hour outside of phoenix. the news today is the company is announcing a $680 million investment from jpmorgan it's a tax equity deal meaning jpmorgan provides financing in exchange for tax benefits. now this structure has existed for years, but what's new is that under the inflation reduction act, jpmorgan can now sell those credits to another company, unlocking a big new funding pool for renewable energy >>, and it really opens the doors for a lot more corporates and companies with tax liability in the united states to come in and help support clean energy projects really unique structure we hope to replicate over and over again. >> reporter: rising to more than 100, the new ira rules could open up $47 billion in tax credit sales this year, rising to more than $100 billion in 2030 according to evercore isi this project called the 11 mile solar there are 857,000 solar panels ac
pippa stevens is live in coolidge, pippa? >> hey, morgan orstead is wrapping up construction at this $1 billion solar and battery storage site about an hour outside of phoenix. the news today is the company is announcing a $680 million investment from jpmorgan it's a tax equity deal meaning jpmorgan provides financing in exchange for tax benefits. now this structure has existed for years, but what's new is that under the inflation reduction act, jpmorgan can now sell those credits to...
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May 15, 2024
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pippa stevens has the next story. >>> this is a rare bright spot in the solar industry they reported last night getting top and bottom line estimates. ceo jan sugar told jim cramer last night at their backlog has more than doubled. the reason why they're doing well is because they create the sophisticated trackers that then follow the sun throughout the day. so, the developers want to use their equipment because it means there solar arrays are that much more efficient. on the flipside sun powered down within 20%. they were caught up in that yesterday. shares were up 60%. it is important to note here that about 80% of their outstanding shares are sold short, and also 25% of the stock is available to the public. this really is a buy or beware. moving over to copper. i did hit a record high today. we've seen this anonymous rally of more than 20% so far this year. but, it does feel like this latest move is driven by a short squeeze. we've seen a lot of financial players palin .11 trend followers getting in on this trade. people are now warning that maybe this is unsustainable. that being
pippa stevens has the next story. >>> this is a rare bright spot in the solar industry they reported last night getting top and bottom line estimates. ceo jan sugar told jim cramer last night at their backlog has more than doubled. the reason why they're doing well is because they create the sophisticated trackers that then follow the sun throughout the day. so, the developers want to use their equipment because it means there solar arrays are that much more efficient. on the flipside...
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pippa stevens is here to break it down. >> another deal building on the record m&a we've seen so far this year in the energy patch. conoco buying marathon with a 15% premium to yesterday's close. this is about -- marathon is about 10% of conoco. pickering energy partners says it is more on a bolt of transaction rather than truly transformative deal. but there are several ways in which it resembles the deals we've been seeing. it is accretive, additive and also it is an all stock deal so it doesn't need to leverage and stretch the balance sheet for conoco. but there is one key difference. there is a multiphase-in deal. most marathon and conoco have operations in three areas that will increase their combined footprint. that is different than the other deals we've seen that was solely focused on thepermian basin. and so that might help the case in the sense that there are two different basins rather than one big in one basin. >> and the hess deal you were talking about yesterday was basically an acquisition of existing assets. what they want to avoid is new drilling in new areas. right?
pippa stevens is here to break it down. >> another deal building on the record m&a we've seen so far this year in the energy patch. conoco buying marathon with a 15% premium to yesterday's close. this is about -- marathon is about 10% of conoco. pickering energy partners says it is more on a bolt of transaction rather than truly transformative deal. but there are several ways in which it resembles the deals we've been seeing. it is accretive, additive and also it is an all stock deal...
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May 8, 2024
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stevens. >>> the israeli military said it has reopened the crossing into gaza but the united nations says humanitarian aid is yet to enter and there is no one to receive the aid on the palestinian side after workers fled during military activities in the area. the crossing was closed after hamas rocket attacks killed four sold years an israeli tank brigade seized the nearby rafah crossing yesterday. >>> over 50 million people from texas to the mid-atlantic are under threats of storms bringing possible tornadoes and large hail overnight michigan was hit with multiple tornadoes, some of which hit a fedex facility trapping about 50 workers. >>> and spanish prosecutors say there is not sufficient evidence for them to continue with the second probe into pop star shakira's case of alleged tax fraud. the colombian singer has been under investigation for allegedly using an offshore company to avoid paying about $7.1 million in taxes on her 2018 income. shakira has denied any wrongdoing scott, back to you >> pippa, appreciate it. >>> still ahead, getting tripped up trip adviser on pace now fo
stevens. >>> the israeli military said it has reopened the crossing into gaza but the united nations says humanitarian aid is yet to enter and there is no one to receive the aid on the palestinian side after workers fled during military activities in the area. the crossing was closed after hamas rocket attacks killed four sold years an israeli tank brigade seized the nearby rafah crossing yesterday. >>> over 50 million people from texas to the mid-atlantic are under threats of...
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May 7, 2024
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now pippa stevens has the energy check. >> hovering around the highest level since january, meaningfully above it's an untrend in the down market in the sense that inventory is above 35% the five-year average. however in the short term a couple catalysts are working this they said, production cuts as well as building heat across texas and the southeast as well as maintenance on the highway pipeline and then the return of lng feed gas backstopping all this is what else but data centers and ai and the power demand there we did hear from chevron yesterday who told cnbc he thinks nat gas will be a big part of that going forward he thinks that demand for natural gas is likely to be hire than what people have been estimated up until now and that of course, a common theme throughout earnings season from both the upstream producers as well as the pipeline companies. >> so interesting. a country of data centers. >> pretty much. >> driving down the highway. it's all turning into data centers. >> hardware stores are converting to data centers the whole thing. pippa, thanks. >>> over to bertha coomb
now pippa stevens has the energy check. >> hovering around the highest level since january, meaningfully above it's an untrend in the down market in the sense that inventory is above 35% the five-year average. however in the short term a couple catalysts are working this they said, production cuts as well as building heat across texas and the southeast as well as maintenance on the highway pipeline and then the return of lng feed gas backstopping all this is what else but data centers and...
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pippa stevens is here for what it means for the broader industry and the implications for u.s. policy. >> this was a long time coming in the sense that multiple rounds of sanctions against russia, but their nuclear industry was note my absent. in the u.s., we get nearly a quarter of enriched uranium from russia, making it the largest foreign supplier. the senate moves unlocks $2.7 billion for the domestic nuclear industry. the u.s. now produces less than 1 million pounds of uranium per year, while demand to fuel our more than 90 nuclear reactors is 50 million pounds. spot prices hit a 16-year high, which is enticing some companies to restart operations. it will still only be a small fraction of global mining. canada and kazakhstan are the major producers. dom, adding 5% this week. back to you. >> thank you very much, pippa, for the state of play there. shares of uranium energy corps up 4%. it's a domestic producer that shut down some of its mines in the wake of the 2011 fukushima disaster. but they plan to bring those back on line this year. a n and in 2025 to meet demand. join
pippa stevens is here for what it means for the broader industry and the implications for u.s. policy. >> this was a long time coming in the sense that multiple rounds of sanctions against russia, but their nuclear industry was note my absent. in the u.s., we get nearly a quarter of enriched uranium from russia, making it the largest foreign supplier. the senate moves unlocks $2.7 billion for the domestic nuclear industry. the u.s. now produces less than 1 million pounds of uranium per...
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May 2, 2024
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now let's go over to pippa stevens for a cnbc news update >> before the donald trump hush money trial took a lunch break, the defense started their cross-examination of keith davidson, the former lawyer for stormy daniels and karen mcdougal the defense tried to paint him as unethical, saying he made a clear helping clients extort money. >>> white house officials say russia has been shipping fuel to north korea over the limit set by the u.n. and there could be new sanctions as a result. this comes after a u.n. payable that monitors the sanctions against north korea. the russian and north korean u.n. officials have yet to respond. >>> and the lander survives a third lunar night. even though it wasn't survived to survive the frigid conditions, japan's space agency says it's monitoring the lander's condition to see which parts could be deteriorating as it continues to endure the environment. dom? >> thank you very much for that. >>> time for a little show and tell, where we show you a chart and then tell you the story. now, peloton is giving up earlier gains after announcing a wider than
now let's go over to pippa stevens for a cnbc news update >> before the donald trump hush money trial took a lunch break, the defense started their cross-examination of keith davidson, the former lawyer for stormy daniels and karen mcdougal the defense tried to paint him as unethical, saying he made a clear helping clients extort money. >>> white house officials say russia has been shipping fuel to north korea over the limit set by the u.n. and there could be new sanctions as a...
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May 1, 2024
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pippa stevens. >>> straight ahead, we have a check in on health care. ppg,is plunging, pfizer is poin and joe is selling a big name in that space we debate it all next. that's right james, it isn't. car, where are we going? we're here. (♪♪) surprise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our friend sold their policy to help pay their medical bills, and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry direct. they explained life insurance is a
pippa stevens. >>> straight ahead, we have a check in on health care. ppg,is plunging, pfizer is poin and joe is selling a big name in that space we debate it all next. that's right james, it isn't. car, where are we going? we're here. (♪♪) surprise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses...
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May 9, 2024
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pippa stevens? >> they are planning to announce its google search competitor on monday that is according to a report from reuters, citing two sources familiar with the matter now, this,of course, would raise the stake in its competition with the search king google so, once again, openai planning to announce its google search competitor, according to reuters. >> all right, pippa, thank you up next, final trades. ging their and payroll. why would you think mere humans deserve to do their own payroll? because their livelihoods depend on it? because they have bills to pay? hear me now, paycom! return the world of hr and payroll to its rightful place of chaos or face a tsunami of unnecessary the likes of which you have never seen! >>> final trade time tim? >> next era. biggest position in the xle with a lot of data center exposure. >> carter? >> deere and company, better known as john deere. >> danny so nice to have you here >> long flutter. flut earnings next week >> guy >> never said that to me just sa
pippa stevens? >> they are planning to announce its google search competitor on monday that is according to a report from reuters, citing two sources familiar with the matter now, this,of course, would raise the stake in its competition with the search king google so, once again, openai planning to announce its google search competitor, according to reuters. >> all right, pippa, thank you up next, final trades. ging their and payroll. why would you think mere humans deserve to do...
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pippa stevens joins us now. >> the boy scouts are changing their name in its 114-year history. the organization announced today it will become scouting america in an effort to be more inclusive. it comes as the organization tries to emerge from bankruptcy after compensating more than 80,000 victims of sexual abuse. >>> meantime, disney is planning to add titles as they launch a streaming service. bob iger said u.s. subscribers will be able to watch live games and studio programming. the move comes after hulu launched on disney+ in march for bundled subscribers. >>> and rapper snoop dogg is getting into the bowl sponsorship business. gin and juice will be the presenting sponsor of the arizona bulls, a multiyear sponsorship deal that will be the first time an ncaa sanctioned bowl game will be presented by an alcohol product. back to you. >> i want to go back to the boy scouts. now it's scouting so it can include boys and girls. >> and anybody who identifies any which way. >> all right. >> pretty cool. pippa, thanks for bringing those stories, we appreciate it. >>> coming up, you
pippa stevens joins us now. >> the boy scouts are changing their name in its 114-year history. the organization announced today it will become scouting america in an effort to be more inclusive. it comes as the organization tries to emerge from bankruptcy after compensating more than 80,000 victims of sexual abuse. >>> meantime, disney is planning to add titles as they launch a streaming service. bob iger said u.s. subscribers will be able to watch live games and studio...
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May 24, 2024
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. >>> let's send it over to pippa stevens for a look at the biggest names moving into the close. >> work day is sinking, and a narrow miss on subscription revenue guidance outweighed the beat on the top and bottom lines. the human resources software giant noted lower-than-expected head count growth. among the clients especially in europe those shares are down 15%. shifting to apparel, where decker's outdoor is jumping after handily beating earnings estimates. the company also reported stronger-than-expected hoka and ugg sales lifting shares by 15%. and ross stores is also higher after a strong earnings beat however, the discount retailer cautioned that ongoing uncertainty in the macro and geopolitical environment are putting on pressure on customers' purchasing power. >> thank you. >>> coming up rashaun williams is back with where he is putting his money to work in the tech sector and his latest big sports investment, coming up. you're watching "closing bell" on cnbc. knock, knock. number one broker here for the number one hit maker. -thanks for swinging by, carl. -no problem. so what ar
. >>> let's send it over to pippa stevens for a look at the biggest names moving into the close. >> work day is sinking, and a narrow miss on subscription revenue guidance outweighed the beat on the top and bottom lines. the human resources software giant noted lower-than-expected head count growth. among the clients especially in europe those shares are down 15%. shifting to apparel, where decker's outdoor is jumping after handily beating earnings estimates. the company also...
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May 30, 2024
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pippa stevens joins us. >> hey, kate and zinhle, open ai has reportedly struck a deal with apple to integrate its chat bot into the ios 18 operating system. the information first reported the news and says that microsoft's ceo satya nadella is concerned about the potential conflict with its open ai partnership. microsoft has invested more than $13 billion in open ai. >>> nearly 2 million bottles of fiji water sold on amazon are part of a recall. the u.s. food and drug administration said fiji found elevated levels of manganese and bacteria in 79,000 cases of the water sold between february 1st and march 3rd. 99% of the affected bottles never even left the warehouse. >>> and one of john lennon's guitars from his time with the beatles just sold for $2.9 million aft auction. that makes it one of the most valuable pieces of beatles memorabilia. the 12 string acoustic guitar known as the hootenanny was believed to be lost for over 50 years until it was discovered in someone's attic in england. it was used in the recording of the albums help and rubber soul. kate, would your husband have paid that
pippa stevens joins us. >> hey, kate and zinhle, open ai has reportedly struck a deal with apple to integrate its chat bot into the ios 18 operating system. the information first reported the news and says that microsoft's ceo satya nadella is concerned about the potential conflict with its open ai partnership. microsoft has invested more than $13 billion in open ai. >>> nearly 2 million bottles of fiji water sold on amazon are part of a recall. the u.s. food and drug...
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May 28, 2024
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. ♪ >>> welcome back i'm pippa stevens with your cnbc news update. closing arguments are under way in donald trump's criminal hush money trial. the former president's defense lawyer todd blanche said he would need two and a half hours to deliver his case. he says trump's former fixer michael cohen is lying about the 2016 alleged payments that trump facilitated to adult film actor stormy daniels. >>> israeli forces pushing deeper into the gaza city of rafah today, despite global pressure to pull back after an israeli strike in rafah on monday officials say killed 45 civilians. prime minister benjamin netanyahu called it a tragic mistake. israel says the incident is under investigation. and melinda french gates says she will donate $1 billion over the next two years to support women and family rights across the world and made the announcement in a "new york times" op-ed it comes weeks after announcing she would step down from the bill and mylinda gates foundation >> quite a donation. thank you, pippa >>> the nasdaq continues to push higher here hitting
. ♪ >>> welcome back i'm pippa stevens with your cnbc news update. closing arguments are under way in donald trump's criminal hush money trial. the former president's defense lawyer todd blanche said he would need two and a half hours to deliver his case. he says trump's former fixer michael cohen is lying about the 2016 alleged payments that trump facilitated to adult film actor stormy daniels. >>> israeli forces pushing deeper into the gaza city of rafah today, despite...
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May 10, 2024
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pippa stevens is here to tell us who and why. >> this is a far from a boomers' only trade millenials have the largest allocation to gold at 17% relative to baby boomers, 10% according to state street. part of this is an interest in the physical asset that retains value like gold bars costco has been selling out of. this 20-year-old bought her first gold bar two years ago at td bank and she's been buying ever since as part of a balanced portfolio. >> there needs to be a way to secure the value of funds and that's why i was like, let me go buy gold because i know for sure it's not a short-term game, it is a long-term way of storing value. i don't increase and get emotional about my purchases again, as long as it's 10% of my portfolio, i'm okay with it. if it does amazing, if it goes down, i'm not affected because i've already hedged against other thing. >> the 37-year-old mark meyer is a precious metals reseller and dealer he says younger buyers' concern is distress of the dollar. he owns gold bars and coins as well as gold mining stocks and silver all told makes up about a quarter of
pippa stevens is here to tell us who and why. >> this is a far from a boomers' only trade millenials have the largest allocation to gold at 17% relative to baby boomers, 10% according to state street. part of this is an interest in the physical asset that retains value like gold bars costco has been selling out of. this 20-year-old bought her first gold bar two years ago at td bank and she's been buying ever since as part of a balanced portfolio. >> there needs to be a way to secure...
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May 3, 2024
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i'm pippa stevens with your cnbc news update. donald trump says his legal team plans to file a lawsuit challenging a gag order in his new york criminal hush money trial. the order prevents him from speaking about potential witnesses in the case online or outside of the courtroom. the judge fined him $9,000 earlier this week for breaking it four times. meanwhile, trial testimony continues today with the forensics expert who examined the phone of trump's former fixer michael cohen. connecticut's governor says a major artery linking new england with new york will be closed for days. he says the state will have to take down a bridge over i-95 that was badly damaged by a tanker fire thursday. the governor says he hopes the interstate will reopen before the monday morning rush hour. >>> and china launched an uncrude spacecraft to the moon today. the lunar lander will go on a two-month mission to retrieve rocks and soil from the far side of the moon which faces away from the earth. it's expected to land in early june. david? >> thank yo
i'm pippa stevens with your cnbc news update. donald trump says his legal team plans to file a lawsuit challenging a gag order in his new york criminal hush money trial. the order prevents him from speaking about potential witnesses in the case online or outside of the courtroom. the judge fined him $9,000 earlier this week for breaking it four times. meanwhile, trial testimony continues today with the forensics expert who examined the phone of trump's former fixer michael cohen. connecticut's...