deirdre bosa decided to see for herself. she's going to ride in a robotaxi.it wasn'--t that's next on "power lunch." you can't buy great conversations or moments that matter, but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence. c'mon, we're right there. c'mon baby. it's the only we need. go, go, go, go! ah! touchdown baby! -touchdown! are your neighbors watching the same game? yeah, my 5g home internet delays the game a bit. but you get used to it. try these. they're noise cancelling earmuffs. i stole them from an airport. it's always something with you, man. great! solid! -greek salad? exactly! don't delay the game with verizon or t-mobile 5g home internet. catch it on the xfinity 10g network. >>> welcome back, everybody. self-driving cars are now a reality any san francisco but not come without issues. for today's "tech check" deirdre bosa looks at the battle over autonomous vehicles in the city by the bay. deirdre? >> reporter: the promise and chaos o

deirdre, thank you.teresting reporting there. >>> up next, from driving to drive drive-through, the ceo of restaurant brands, lower and ti than expected lesas. we'll talk about it. stay with us. we earn your trust. maintain our financial strength and stability. and deliver solutions that meet complex needs. massmutual. partnering with financial professionals, benefits brokers, and institutions. in the u.s. we see millions of cyber threats each year. that rate is increasing as more and more businesses move to the cloud. - so, the question is... - cyber attack! as cyber criminals expand their toolkit, we must expand as well. we need to rethink... next level moments, need the next level network. [speaker continues in the background] the network with 24/7 built-in security. chip? at&t business. i'm going to sell my life insurance cuz i don't need it anymore. my kids are grown, my wife is great, let's settle up the score. it's time to travel to paree, spend retirement happy. call 877-sell-easy. 877-sell-easy.

deirdre, thank you deirdre bosa and then can you raise money and keep investors happy >> exactly we'll get nvidia tonight and talk about it in the morning let's get to "the half." >>> carl, thanks so much welcome to "the halftime report." i'm scott wapner front and center this hour, the countdown to nvidia earnings, what's really at stake for that stock and for the tech trade at-large the investment committee on the case joining me josh brown, stephanie link, amy raskin, jim lebenthal. a lot of nvidia shareholders today, which is a great thing. let's check the markets. we're in the red we've had this winning streak for five days in a row for the nasdaq, look at the 10-year note, 4.40 josh, let's start with you

i'm carl quintanilla along with deirdre bosa in san francisco. the stories ahead -- stocks moving higher following a big week of gains. can this rally hold into year-end with key data and one more fed meeting ahead we'll talk to citi's global chief economist. >>> the 48 hours that rocked silicon valley and the a.i. world. we break down the implication of openai's decision to oust ceo sam altman. >>> one year in after his return to disney, has bob iger made progress in turning the ship around at that company >>> first, let's take a look at the market stocks are moving higher on the shortened holiday week the s&p at the highest level with tech among the best performing sectors we have breaking news out of the new york fed right now steve liesman has that for us. steve? >> thanks very much. the new york fed survey of consumer credit access, showing consumer credit opportunities overall declined sharply in 2023 the application was down 3.6 percentage points from last year interesting way it happened. credit card applications were up for auto loans an

thank you, deirdre. deirdre bosa. >>> ahead, an earnings exclusive with the ceo of zoetis. revenue a slight mist but telling us there are multiple areas of growth ahead. we'll talk about animal health with the stock up almost 5%. the first time you connected your godaddy website and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com >>> zoetis, the world's largest provider of medicine and vaccination for pets and livestock, out with earnings this morning coming in line with the street expectations although revenue came in soft and guidance updated to reflect foreign exchange rates. the stock getting a nice bump today. it had sold off into the report. joining us now on the quarter with her outlook is zoetis ceo kristin peck. welcome back. good to see you. >> thanks, sara. it's good to be back. >> there was a little bit of nervousness with what's going on with the consumer around these results. it loo

and schooling are really nice to have is unambiguously bad, but got here because we adopted what deirdre mccloskey and i have called the boudoir deal in another book. basically we let people alone to innovate, to try new things to start businesses and boom made us rich. and over the last two and a half centuries or so we've seen a huge increase in the number of people who live in the world and a huge decrease in the fraction the population living in extreme poverty. indeed, over my lifetime, the raw number of people living in poverty is in fact falling and falling pretty dramatically. and that's truly remarkable. that's sometimes we referred to that as the greatest ory never told that the the number of people living in extreme poverty is lower than it's ever been. name one of those innovators. one of those innovators, sam walton. so sam walton, who is responsible for wal-mart, it's appropriate, perhaps, that we're in memphis because there are a lot of these innovators that were did important work in memphis. sam walton took a lot of ideas that other people had, and he made them work in c

deirdre bosa. the ceo of autodesk joins us ere . whare they seeing weakness? down the quarter. you can't buy great conversations or moments that matter, but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence. the power goes out and we still have wifi can help you build thto do our homework.e. and that's a good thing? great in my book! who are you? no power? no problem. introducing storm-ready wifi. now you can stay reliably connected through power outages with unlimited cellular data and up to 4 hours of battery back-up to keep you online. only from xfinity. home of the xfinity 10g network. >>> got an earnings mover before we get to thanksgiving. autodesk shares down 4%. one of the top laggards despite posting a beat. with us now in a cnbc exclusive is andrew anagnost. is this about billings or something surrounding the ai strategy or the macro or something else? >> as you saw, we posted a strong quarter. we had really strong renewal rates. we saw performanc

i'm carl quintanilla along with deirdre bosa in san francisco.this rally hold into year-end with key data and one more fed meeting ahead we'll talk to citi's global chief economist. >>> the 48 hours that rocked silicon valley and the a.i. world. we break down the implication of openai's decision to oust ceo sam altman. >>> one year in after his return to disney, has bob iger made progress in turning the ship around at that company >>> first, let's take a look at the market stocks are moving higher on the shortened holiday week the s&p at the highest level with tec

thank you, deirdre.rdre bosa. >>> after the break, a new cyber monday shopping record, according to adobe. the national retail federation out with new numbers of its own this hour and the president will join us to break them down next. >>> new numbers on this past holiday weekend, just this hour the nrf, national retail federation, reporting over 200 million people shopped from thanksgiving day through cyber monday, an increase of 4 million from last year and almost 20 million higher than projected. with retail and the american consumer remaining resilient. joining us on that report is national retail federation president and ceo matt shay. talk about how this squares relative to expectations from both retailers and for your organization? >> hi, sara. well, it was a great big number for sure. it was bigger than we expected, which is surprising, but i think it reflects what we've been talking about and has been the story since the pandemic, the resilience of consumers. they're still out there. they're sho

deja vu, deirdre. >>> good morning, sara. amount of money could make the business model work, holding on to long-term leases and turning them around for flexible, short-term rentals was always a risky proposition, made more so in an era of low interest rates and peak rental prices. it was a wild ride many people with a lot of money and success tried to make work over and over again. this chart tracks the rise and fall of wework's valuation. the founder adam newman sold as a tech startup throughout the mid-2010s. i remember covering the company in the early days. now he was able to create a community and do something novel in the space. what happened next, though, everyone wanted a piece from benchmark to jpmorgan to softbanc. investors were clamoring over each other. mas son encouraged them to grow the company further and cash burn didn't matter to anyone involved. it was growth at all cost. the disaster side filing, newman's governorance, the pandemic and finally an office market bust that has brought us here today, chapter

deirdre bosa. >>> up next, apple trying to unwind its goldman sachs partnership.er goes out and we still have wifi to do our homework. and that's a good thing? great in my book! who are you? no power? no problem. introducing storm-ready wifi. now you can stay reliably connected through power outages with unlimited cellular data and up to 4 hours of battery back-up to keep you online. only from xfinity. home of the xfinity 10g network. >>> apple searching for a new credit card partner looking to part ways with goldman sachs sending the bank a proposal to end their deal within the next year to 15 minutes. so, as goldman sachs ends its foray, who is likely to step up behind apple's card and savings accounts? a closer look with cnbc banking re reporter, huson and steve kovach. bring us up to speed on this partnership. >> the writing has been on the while. david solomon has been clear that consumer banking has been a money loser for them. they are exiting the other businesses and now finally the last part of it is there were discussions about amex take that go over. we

into year-end, people putting faith into the holiday seasonals as well. >>> deirdre bosa, what are weut at openai? we're talking about literally the face of all that we've talked about over the last year. >> the face. >> and why the market has done what it has done >> the face of generative ai and openai as the darling, especially after billions of dollars from microsoft my phone is blowing up right now. i'm pinging everybody i know in the tech and san francisco community. there is a certain amount of shock. as you said, he was the face of generative ai. he had this gigantic valuation on the back of investment from microsoft. on track for a reported $1.3 billion in revenue this year you talked about valuation we did this deep dive on our tech check weekly that showed if you looked at openai's valuation on a valuation to sales metric, it had a multiple many times that of even nvidia. scott, i will also say i've heard from a few people in the investment community that this isn't surprising over the last few months you did hear, wasn't the popular opinion, some doubts about sam altman an

deirdre? >> thank you very much.rs, admiral mike rogers. >> good to be here. >> you have an interesting perspective on all of this being in the government for soong, yet here, an icon place in silicon valley, the talk has been about artificial intelligence, the benefits and risks. what role does government have to play in the developnt or the regulation of ai, if at all? >> look, government clearly normally concerned about the safety and well being of its citizens, also concerned about the regulatory or the competitive business aspects of this, so look, think there's a role to be played. the challenge is what is that role and how does it develop or execute it? because part of the challenge, most of this technology is being involved in the private tech, out here and other places. government doesn't have much expertise, knowledge about it, not playing a significant role in its development yet the govement has a significant regulatory role. it's going to be about the partnership, how do we work together government and t

joining us for "techcheck," deirdre bosa and julia boorstin. good morning, ladies. >> good morning. >> good morning. >> dee, what do you want to tackle first? >> i mean, there is so much to choose from. you mentioned generative a.i., so let's talk about that one first. elon musk didn't mince any words here. he really hit at the debate that's been going on here in silicon valley over the last few weeks. this idea of effective altruism, which some believe led to altman's ousting, or those who want to commercialize generative a.i. his comments on how dangerous it is. he talked about how generative a.i. is a double-edged sword. he likes to work on technologies that are a little more straightforward, that do more good in the world. even the idea that the a.i. drag keeps them up at night, that was powerful from him. >> what about on the advertisers, julia, what's going to be the fallout from those comments? >> deirdre, it certainly puts linda yaccarino, the ceo of x, and advertisers in an uncomfortable position. there were a lot of jaws that dropped

deirdre, thank you deirdre bosa it will be a busy week next week >>> cruise down about 6% this autumnffet from adding to his position wherpres ae icre headed and other big oil names are a buy is next personalized financial advice from ameriprise can do more than help you reach your goals. i can make this work. it can help you reach them with confidence. no wonder more than 9 out of 10 of our clients are likely to recommend us. ameriprise financial. advice worth talking about. ♪ opportunity is using data to create a competitive advantage. ♪ it's raising capital to help companies change the world. ♪ opportunity is making the dream of home ownership a reality. ♪ ...and driving the world forward to a greener energy future. [applause] sometimes the only thing standing between you and opportunity is someone who can make the connection. at ice, we connect people to opportunity. personalized financial advice from ameriprise can do more than help you reach your goals. wow... we can make this work. it can help you reach them with confidence. no wonder more than 9 out of 10 of our clients are li

deirdre, i appreciate it. deirdre, we'll hear from uber tomorrow morn. names reporting results and nxp semi which has topped revenues 19 of the past 20 quarters and it's been tough for semis lately. air products could see accelerated earnings ahead according to wells fargo and realty income portfolio, and we'll geyou t the story, the action and the trade on all three next on "earnings exchange." at ameriprise financial, our advice is personalized, based on your goals, whatever they may be. all that planning has paid off. looks like you can make this work. we can make this work. and the feeling of confidence that comes from our advice? i can make this work. that seems to be universal. i can make this work. i can make this work. no wonder more than 9 out of 10 clients are likely to recommend us. because advice worth listening to is advice worth talking about. ameriprise financial. >>> welcome back. more earnings are ahead this week. so we've got the trades on mxp semi air products and realty income for today's edition of earnings exchange. joining us for t

that's the focus of today's "tech check" with deirdre bosa. >> earlier this year, speculation that thebnbust is on us. it was everywhere. making it more expensive to finance a short-term rental property, lower occupancy rates in popular vacation spots and major airbnb markets like phoenix and austin. return to work post-pandemic. but what was supposed to be a perfect storm to hit the business model hasn't materialized in a significant way. and the company is generating more free cash flow than ever. that's because rising interest rates help airbnb, the company, itself, even if it makes life potentially more complicated for its hosts. now, when you book an airbnb or a vrbo, the company charges you at booking and holds on to that money until you arrive for your stay and then passes it on the due amount to the host. but in the interim, that period between booking and stay, which can be months, the platforms have billions of dollars in customer money to invest in money market funds and short-term high-quality bonds. rising interest rates means that those returns are higher than ever, and t

let's get out to deirdre bosa for more on that story it's been a rough one.y sign here that these story lines should shift in softbank's favor, or are we in this for a while? >> there are signs and dom, it's always a little messy to look through softbank's quarters because there's so much but this one, it should have been masa victory. instead it was the rise and fall of wework, that continues to haunt the company. the conglomerate posted a loss in the last quarter. wework now totaling $14.3 billion. the presentation overnight in tokyo focused on the good, and it even brought back one of my favorite softbank slides of all time, the golden goose one the eggs represent massa successes, alibaba, telco, sprint, and the latest one, arm. so, it's clear masa sons -- the cfo focused on the positives and here's where the future trajectory comes into play, dom, how this could become a better story. but it relies on things like $29 billion of assets in the portfolio that the cfo said softbank may be able to cash in on soon. that's an open question though he cited compan

thank you, deirdre. related to earnings, ralph lauren, the full-year 2024 revenue growth. some caution relating to north american wholesale business, which was lower in the quarter. when compared to luxury rivals, the stock outperforming this year but underperforming the overall s&p 500. i did speak with ralph lauren ceo patrice louvet. they executed well in a tough economic environment. it will continue to be a choppy environment for the foreseeable future. i asked him what that included. he says a combo of high promotional activity across the industry and consumers being more careful, which he only sees in a value oriented consumer. ralph lauren gets a peek that have through its outlet stores. not a big change in the high-income consumer. china growth there of 20%, which was a step down, but, remember, last quarter it was easy comparisons because they're coming out of the covid lockdowns. on that he said we're still bullish long term and near term. not much of a slowdown there. the key metric is aur, a

deirdre bosa >>> from one side of san francisco to the other, the president is meeting with xi today.en tsealions forho tks wh "squawk on the street" comes back watch how easy it is to put on new hands free skechers slip-ins. i just step in and go. sitting? doesn't matter. i don't even have to touch them. ooo, gangsta. in a hurry? there's not a faster, easier way to put on shoes. they know a 10 when they see it. hello is friendly... hello is welcoming... it's everything we want to be when helping people find a medicare plan during the annual enrollment period. so, say hello to hellomedicare... a one-stop shop for medicare plans... including a range of “all-in-one” medicare advantage plans. learn, compare, even enroll—all in one place. give us a call now. we'll guide you to a plan that fits your needs. at hellomedicare, it all starts with a few simple questions so we can get to know what's important to you. then, we'll match you with plans that fit your needs, from well-known names in medicare. compare benefits. compare costs. it's easy. and when you feel good about a plan... we'll sig

deirdre bosa, thank you. >>> coming up, the travel rush is on.ingeendbrk reports. ? only at vanguard, you're more than just an investor, you're an owner. our financial planning tools and advice can help you prepare for today's longer retirement. hi mom. that's the value of ownership. >>> welcome back. phil lebeau is at chicago o'hare with an update on how it's looking out there. >> reporter: very quiet. we're at terminal 3. this is where american is based. hardly anybody. i know it's the middle of the day. it's the lull of the day. it will pick up later, but altogether, no problems here. 2.7 million people already flying nation wired. more than 49,000 flights, cancellations totalling 629. you want to know how good it is? take a look at the flightaware misery map. we show this when there's cancellations, bad weather, a ton of receipt. those little dots right there, that's basically a very clean day in terms of people flying. take a look at the airline stocks and how they're doing did. they're doing pretty well. now you see they're closer to unchan

. >>> as promised, some news on airbnb deirdre bosa has that in today's "techcheck." >> airbnb has madeacquisition. first as a public company in its third only valued at $100 million. the startup is called gameplanner.ai the deal was valued just under $200 million there's no details online or around pitch books because it's been in so-called stealth mode which some early companies choose to protect intellectual property and avoid distractions. i can tell you it was co-founded by adam cheyer he was one of the founders of siri later co-founded viv labs, the foundation for samsung's voice assistant. airbnb ceo brian chesky has said generative a.i. will radically change its platform and he wants to use it as a travel concierge, learn about users over time and enhance their travel experience. for example, matching them with the right rooms or homes on the platform now, gameplanner.ai will accelerate certain projects at airbnb and integrate their tools into the platform. it is their first acquisition since 2019 and could peak interest on wall street if chesky's strategy is shifting and airbnb

deirdre, thank you deirdre bosa and then can you raise money and keep investors happy >> exactly we'll get nvidia tonight and talk about it in the morning let's get to "the half." >>> carl, thanks so much welcome to "the halftime report." i'm scott wapner front and center this hour, the countdown to nvidia earnings, what's really at stake for that stock and for the tech trade at-large the investment committee on the case joining me josh brown, stephanie link, amy raskin, jim lebenthal. a lot of nvidia shareholders today, which is a great thing. let's check the markets. we're in the red we've had this winning streak for five days in a row for the nasdaq, look at the 10-year note, 4.40 josh, let's start with you you are the nvidia person for the longest time what's at stake tonight, do you think? >> i think they're going to have to talk a lot about supply chain and whether or not they can deliver to meet demand that's probably the biggest story. the expectation here is pretty cut and dry. it's $3.26 a share on earnings in $16 billion in revenue. if they hit that $16 billion number, that'

deirdre bosa has more in today's "techcheck." so far just meta.i heard you say that. i was listening to your earlier conversations. there are issues that are very delicate that we probably won't get resolution but tech may provide some hope for incremental and stabilization in a relationship that's been fractioned over the last several years. one area i didn't hear you mention is semis. the biden administration has been trying to cut off high-end chip sales to customers through the export ban. there are signs it hasn't been all that effective. we've seen companies set up jbs, chip design, running through the cloud, stockpiling. those are some of the ways they've been able to evade those controls. if the biden/xi meeting loosens some controls, semis could be one of them. it could be a tech rebound as a whole because over the last two weeks semis have been leading it. watch nvidia which has the most to gain in the generative a.i. push, happening in both countries. you did mention meta's recent deal with tencent. that came 14 years after meta, then f

we'll explore the microsoft angle more now jessica lessin, nilay patel, deirdre bosa, thank you very much >> sam altman's hiring there is up 2.25% today, my next guest has a lot of questions and says she's not buying the stock just yet. we turn to kim forest at boca capital partners for your whole take on this whole saga, kim >> one word. crazy. crazy. i mean, who would ever believe this much drama could come out of a bunch of ph.d and data scientists >> i could -- now i can. i watch that silicon valley show years ago and thought this is such an overdramatization. maybe not. >> maybe not maybe want, but it does bring out really great questions my first is, like, how did microsoft ever do this deal and not have somebody on the board it's just mind boggling and it looks like -- while i understand that they're trying to protect humanity or encourage humanity to use ai or whatever the board said its directive was, there is a financial issue here and someone should have been on the board representing that because this costs a lot of money to make and build through 700 very employable peop

but we'll start with deirdre bosa for more on what pinduoduo means for shein.it could be. if you think that sheinis using similar strategies as pinduo duo, that would be good if you want to invest in shein. it filed confidentially for an ipo. we don't get any information until it flips that f1 and make its public, but we know a lot about temu and parent company pinduoduo. it's operated on this business model of steep, steep discounts, subsidized all the products so that you loop in or you capture the american consumer. and you might think, how do you ever turn that into a profitable business? pinduoduo has done that. for the first nine months of the year it booked some $5 billion in profits and shows you that there is a path to profitability for these huge e-commerce platforms that operate on heavy, heavy discounts. so, if shein is doing a similar thing and similar model, you could see that maybe it is leading to a profitable business. >> deirdre, could i follow up with that. temu is like shein but it's different, right? a shein is fashion. it's pretty much clo

deirdre, thank you continue to follow the fallout for us. >>> after the break, the ceo of t-mobile willl discuss the company's new partnership with the las vegas grand prix ahead of the big race weekend. we're back in just a moment here on "squawk on the street." the power goes out and we still have wifi to do our homework. and that's a good thing? great in my book! who are you? no power? no problem. introducing storm-ready wifi. now you can stay reliably connected through power outages with unlimited cellular data and up to 4 hours of battery back-up to keep you online. only from xfinity. home of the xfinity 10g network. >>> t-mobile is one company that is revving up for the big race the company acting as the exclusive wireless provider for the las vegas grand prix and has made permanent 5g upgrades throughout the city. joining me now on the decision to invest in the race, t-mobile u.s. ceo mike sievert. good to see you. >> thanks, sara. good to be here. >> you are going in here to vegas, it's new and in a very big way, why >> we're really proud. we're one of the presenting sponsors of

deirdre bosa has more. >> hey, melissa.the conference call, management said that in the fourth quarter, expect transaction revenues as a percent of gross transaction value to remain flat quarter over quarter. and just really calls into some concern that top-line growth that was even a concern when the company was listing going through the ipo process in that core delivery business. especially versus rivals that we've heard from already like uber and doordash. uber delivery revenue grew 6%. doordash total revenue was up 27%. so, that may be behind it, but still, marginally positive. mel? >> all right, d-bo, thank you for the update. >>> eli lilly posting a record close today after u.s. and uk regulators approved its block buster drug tirzepatide for weight loss. lilly saying today it expects the drug to hit pharmacy shelves in the u.s. under the name s zepbound. but the launch could take 18 months based on regulator approvals. our next guest calls this the final piece of the puzzle for lilly's weight loss drug rollout. jeff,

front running potential sanctions, you know, certainly is remarkable in the world we're living in, deirdre> wall street is buzzing about a new tax bracket system to keep up with inflation. the irs increasing the income thresholds for the 2024 tax year which will return in 2025. the top rate of 37% applies to single filers with taxable income above $609,000, and married couples filing jointly with income above $730,000 the standard deduction will also increase to $14,600 for single filers and $29,200 for married couples filing jointly, so this is a reaction to inflation, wage inflation in particular, just making sure the tax code keeps up with the increases folks have seen over the last few years >> happening on the tax front, happening in social security and ties right into the discussion we have every day about fiscal strain in this country, how we're going to pay for the debt that continues to mount. >> yeah. although in theory if people are making more they should be contributing more to the government. >> it will be hard to message that one one last thing that caught our attention, the

and schooling are really nice to have is unambiguously bad, but got here because we adopted what deirdre mccloskey and i have called the boudoir deal in another book. basically we let people alone to innovate, to try new things to start businesses and boom made us rich. and over the last two and a half centuries or so we've seen a huge increase in the number of people who live in the world and a huge decrease in the fraction the population living in extreme poverty. indeed, over my lifetime, the raw number of people living in poverty is in fact falling and falling pretty dramatically. and that's truly remarkable. that's sometimes we referred to that as the greatest ory never told that the the number of people living in extreme poverty is lower than it's ever been. name one of those innovators. one of those innovators, sam walton. so sam walton, who is responsible for wal-mart, it's appropriate, perhaps, that we're in memphis because there are a lot of these innovators that were did important work in memphis. sam walton took a lot of ideas that other people had, and he made them work in c

deirdre has more details in today's tech check. >> this is a story that i just can't get enough of, becauserise has been in the united states, and it seems without regulators even blinking twice, given how focused they are on tiktok temu has grown much faster in terms of downloads morgan stanley estimated that one in four american online consumers have shopped at temu bernstein is out with a new note and they called it "the world is not enough" and that is a nod to the quick rise they go through the winners and losers and pretty much everyone has been focused on temu for some time because they have been a phenomenon they talk about -- and this is one interesting point, about how temu could become profitable because it's taken a different approach to e-commerce by gamifying the experience and offering deep discounts. but bernstein talks about how it used that playbook in china and went from negative 100% margins to positive 60% margins, which is just a huge leap in how it could essentially employ and is employing that playbook here in the united states, which would be certainly a threat to a

great interview, deirdre and david.eak, check out the move on medical products maker beckton dickinson, disappointing guidance sending shares slumping now. more on toy'otr vedas hemors next we're back in two. o have help. because the right information, at the right time, may make all the difference. at humana, we know that's especially true when you're looking for a medicare supplement insurance plan. that's why we're offering "seven things every medicare supplement should have". it's yours free, just for calling the number on your screen. and when you call, a knowledgeable, licensed agent-producer can answer any questions you have and help you choose the plan that's right for you. the call is free, and there's no obligation. you see, medicare covers only about 80% of your part b medical expenses. the rest is up to you. that's why so many people purchase medicare supplement insurance plans like those offered by humana. they're designed to help you save money, and pay some of the costs medicare doesn't. depending on the

deirdre bosa joins us with more on this saga, and what a saga it is. >> not the first time we're talkingday top executives out of the door, a larger company trying to exert control, locked in fierce competition with google. it doesn't just describe sam altman today cruise, the start-up owned by gm lost its ceo, kyle vogt, over the weekend, and a second co-founder also announced his resignation today. cruise has had a number of recent missteps, the california dmv suspended its license, it then suspended all operations on public roads, issued a voluntary recall of nearly 1,000 cars, and it was involved in a high-profile accident with a pedestrian in san francisco. regulators have accused the company of not being completely transparent. gm bought the company in 2016 and had huge ambitions for the startup, but since then waymo has taken the early lead and it continues to operate on the streets here the last earnings report, gm revealed that it has lost roughly $2 billion on cruise, just this year, $t200 million in the first quarter alone. kyle vogt says he plans to spend time with family and

deirdre bosa has been following that story for today's "techcheck." >> morning.k about the rise of the chinese e-commerce platforms, temu and shein and tiktok. they have swept the american consumer and this black friday they could be the new e-commerce elephants in the room taking market shares from the likes of amazon, walmart, target. a check on discounts from the latter, the traditionalists, they fall between 15% and 20%. on temu and shein 90% off splashed across the home pages. the game aspect is there, offering free and exclusive offers with the spin of after wheel. tiktok's black friday shopping includes viral video with discounted products. you might have seen or heard about this viral stanley cup video. a tiktoker uploaded a video of her car burnt to a crisp. the only thing to survive, as you see here, is her stanley tumbler with the ice still cold, still in it. in a stroke of marketing brilliance, the ceo of stanley then stitched her video with one of his own offering to send mortem bellers her way, plus buy her a new car. now, if you search stanley cup

said earlier in the week, the recommitment to dreamforce, some buying here of sfo thank you, dee, deirdresara, we're watching walmart this morning >> yeah, watching walmart selling off in the wake of what were better results and higher guidance i think the 20% runup in the stock year to date had something to do with that and the caution around the consumer, carl, i've been digging into this and talked to john david rainey to figure out what they are seeing with the consumer. he says walmart is performing well, and if things are getting worse, walmart stands to benefit from that which is echoing what we heard from the analyst community sticking with the stock and saying that perhaps this is our overreaction on the stock. he did say we sounded a bit of an alarm on the consumer but nothing we haven't heard from the competitors and we're not hearing overall from the industry it wasn't intended to be alarmist, just observing what they see in terms of the cadence of sales, it was weaker in october and then never they did better and did better in some of the categories that had been struggling l

deirdre bosa has the details in today's "tech check. this quarter should have been m masa son's, masa even brought back the golden goose slide from 2021 the goose is the information revolution, the eggs ref softbank's successes maybe small to rates alibaba, yahoo japan, softbank's telco company, sprint, and the latest golden leg, arm unfortunately this graphic does not take into account losing bets and the japanese conglomerate posted a loss on the quarter and cumulative losses in wework at $14.3 billion, a staggering amount of money. masa son himself wasn't on hand to dlifreliver the results but e ceo focused on positives like $29 billion of assets in his portfolio he said softbank may be able to cash in on soon calling out ticktock parent bite dance. this shows how the liquidity profile has strengthened and makes up less of the portfolio than before. more capital, more money to deploy as they move on to an offensive investment stance focused on ai. one of the largest holdest, arm, is losing value, down from its peak of $69 a share and

that's the focus of today's "techcheck" with our deirdre bosa. >> good morning.through earnings season with profitability intact. there was another theme that may have been overlooked. that's failure of future guidance. elon musk threw cold water on tesla expectations. meta warned of an ununcertain outlook for the year ahead. google's cloud growth missed and amazon and alphabet gave muted guidance. it's an especially interesting dynamic given the money they're pouring into a.i. startups. openai and anthropic, the tech giants are creating this virtuous cycle. the money they invest comes back to them in the form of sales because they can charge those startups a similar amount to use their cloud platforms. back to amazon's announcement around the anthropic investment. at the top of that press release, amazon wrote, anthropic selects amazon. so they get as much on the back end as it is about giving customers access to new a.i. tools. the journal reports that google's $2 billion anthropic deal came months after the startup agreed to spend $3 billion on google cloud. n

so joining me now is tv personality deirdre kelly, otherwise known as white d deirdre , what do you makes this just some red meat that they're chucking at us so that they're chucking at us so that we'll vote for them because we want to crack down on benefits? or does it actually sound like a realistic proposition for people who are claiming benefits ? good claiming benefits? good afternoon . you know, it just afternoon. you know, it just seems like the same old over and over again . over again. >> it's kind of like how do they know who's actively looking for work? >> how do they know who isn't actively looking for work ? actively looking for work? >> um, and if you're going to just stop them receiving prescriptions , then just stop it prescriptions, then just stop it for everyone. >> full stop . so >> full stop. so >> full stop. so >> so you think that actually when you look into it, it's actually quite impractical and almost impossible to manage . is almost impossible to manage. is that your view really ? that your view really? >> most definitely. i mean , it >> most definitely. i mean,

now go back what was that term you used that you and deirdre mccloskey of, the university of illinois at chicago, called the nouveau. we called the bourgeois bourgeois, yes. yeah. so this is actually professor mccloskey's term? yeah. basically, the idea is let people innovate, allow other people to enter and, compete with them, which is that's where it becomes a little bit unstable. and then at the end of the day, everybody in the world gets rich. so one of the interesting facts is, again you take the sam walton's and the jeff bezos of the world, only about 2% or so of the value that have created actually goes to them. so almost about 97 or 98% of the value by innovation and innovators accrues to the rest of us in the form of consumer surplus. so jeff bezos, elon musk, the waltons are worth tens or hundreds of billions of dollars. but this is a very, very small fraction of the value that they've created for the rest of us. so if we let people innovate without doing things like our ancestors did, which would be like to throw them off of cliffs and stuff, and then we allow people to com