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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGen. Mark Milley on Israel-Hamas war: Israel has every right to defend itselfCNBC's Andrew Ross Sorkin reports on the remarks from former Joint Chiefs of Staff Chairman Gen. Mark Milley at the Ash Carter Exchange on Innovation and National Security in Washington D.C.
Persons: Mark Milley, Andrew Ross Sorkin, Ash Carter Organizations: Joint Chiefs, Ash, Ash Carter Exchange, Innovation, National Security Locations: Israel, Washington
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPalantir CEO Alex Karp: It's dangerous to allow discrimination on our college campusesCNBC's Andrew Ross Sorkin reports on the remarks from Palantir CEO Alex Karp at the Ash Carter Exchange on Innovation and National Security in Washington D.C.
Persons: Alex Karp, Andrew Ross Sorkin, Ash Carter Organizations: Ash, Ash Carter Exchange, Innovation, National Security Locations: Washington
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney earnings top analyst estimates as streaming nearly breaks even in the quarterCNBC's Andrew Ross Sorkin reports on the company's quarterly earnings results.
Persons: Andrew Ross Sorkin
Amazon Why we own it : Amazon may be widely known for online shopping, but its cloud business is the real breadwinner. While an International e-commerce sales increase of 10% to $31.94 billion missed estimates, the segment saw $903 million in operating income. Guidance Amazon expects second-quarter net sales to be between $144 billion to $149 billion, growing 7% to 11% year over year. However, thanks to disciplined cost management, operating income guidance is expected to come in much closer to the mark at $10 billion to $14 billion versus $12.73 billion expected. The midpoint of the sales and operating income estimates point to an operating margin target of 8.2%, which compares with an 8.5% estimate for the second quarter.
Persons: it's, Andy Jassy, Jassy, we're, That's, Jim Cramer's, Jim Cramer, Jim, CNBC's Andrew Ross Sorkin Organizations: Amazon, LSEG, Walmart, Target, Microsoft, Services, Web Services, CNBC Locations: Amazon, America, North America
How Dan Doctoroff transformed New York City
  + stars: | 2024-04-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Dan Doctoroff transformed New York CityCNBC's Andrew Ross Sorkin sits down with Wall Street veteran Dan Doctoroff to discuss his time working for Michael Bloomberg, how he transformed New York City, his fight against ALS, how the diagnosis changed his view on life, and more.
Persons: Dan Doctoroff, Andrew Ross Sorkin, Michael Bloomberg Organizations: Wall Street, ALS Locations: New York City
Amazon CEO Andy Jassy on Thursday took aim at regulators who are increasingly blocking mergers, including the company's planned acquisition of robotic vacuum maker iRobot , which fell apart earlier this year amid antitrust concerns. "I think it's really kind of a sad story," Jassy said in an interview with CNBC's Andrew Ross Sorkin on "Squawk Box." Jassy said the move showed that regulators "trust these two large Chinese companies with maps of the inside of U.S. consumers' homes more than they do Amazon." As megadeals have slowed to a crawl, tech companies have made a flurry of investments in artificial intelligence startups, seeking to gain a foothold in the burgeoning market. When asked how Amazon is tackling returns fraud, Jassy said the company has teams charged with examining returned goods to make sure they're "appropriate."
Persons: Andy Jassy, Jassy, CNBC's Andrew Ross Sorkin, iRobot, Anker, Ecovacs, Biden Organizations: Federal Trade Commission, Big Tech, Microsoft, Regulators, FTC, Amazon, CNBC, National Retail Federation, Appriss Locations: U.S, China, OpenAI
Disappointing investors Tesla's inability to meet estimates and boost demand for its models has spurrred the newfound skepticism. The comments from Wood came one day after her firm purchased nearly $40 million worth of Tesla shares. A lack of investor understanding of the value of these alternative businesses and their future contribution to Tesla profits is plaguing Tesla shares, according to Corestone Capital's Will McDonough. TSLA 1Y mountain Tesla shares over the last year "Valuing Tesla as a car company is akin to valuing Amazon as a book sale company," the investor said. "There are definitely concerns in the marketplace around demand" for Tesla vehicles, said Robert W. Baird senior research analyst Ben Kallo.
Persons: Tesla, Morgan Stanley, Adam Jonas, Wedbush's Dan Ives, Ives, Michael Sansoterra, Tim Pagliara, EVs, Sansoterra, that's, CNBC's Andrew Ross Sorkin, Cathie Wood, Wood, Brad Gerstner, Elon Musk, Corestone Capital's Will McDonough, Robert W, Baird, Ben Kallo, We're Organizations: Elon, Silvant Capital Management, Wall, Motors, Ford, Toyota, Silvant, Ark Investment Locations: U.S, China
Now is not the time for investors to bail on Tesla , according to Ark Invest CEO Cathie Wood. Tesla shares have slumped more than 33% since the start of the year as it faces rising competition in China and slowing demand for electric vehicles, with the Elon Musk-run company reporting an 8.5% year-over-year decline in first-quarter deliveries earlier this week. Despite this recent pressure, Wood believes that the stock could hit $2,000 in the next five years. TSLA YTD mountain Tesla, YTD That's evident from recent moves at the investment firm. Wood snatched up 182,052 shares for the flagship ARK Innovation ETF , 42,744 shares for the ARK Next Generation Internet ETF , and 10,202 for the ARK Autonomous Technology & Robotics ETF , according to the firm's daily trading data from Tuesday.
Persons: Cathie Wood, it's, Tesla, CNBC's Andrew Ross Sorkin, Wood Organizations: Ark Invest, Elon, Innovation, ARK Autonomous Technology & Robotics Locations: China
You can count billionaire investor Steve Cohen among those who believes artificial intelligence is already making an impact on the business world. The Point72 founder told CNBC's Andrew Ross Sorkin on "Squawk Box" that his financial firm has found ways for even the early AI models to save the company money. My CTO comes to me and says I can save the firm $25 million by using these LLMs to improve our efficiency," Cohen said, referencing his chief technology officer and the large language models like ChatGPT. "Now, we're a nice sized firm. And that's just one thing, so it gives you a little bit of a look into what's possible," he added.
Persons: Steve Cohen, CNBC's Andrew Ross Sorkin, Cohen, We're
Ark Invest CEO Cathie Wood is holding off buying shares of the recent IPO Reddit at current prices, despite a long-term belief in the company's artificial intelligence prospects. "We don't think it's a meme stock," Wood told CNBC's Andrew Ross Sorkin during a " Squawk Box " interview Wednesday. RDDT YTD mountain Reddit shares since going public To be sure, Wood bought Reddit on the offering but said she's avoiding purchasing more after its run-up. Reddit went public last month in the first initial public offering of a major social media company since Pinterest 's debut in 2019. Reddit's offering came amid a slow revival in the IPO market following a two-year dry spell.
Persons: Cathie Wood, Wood, CNBC's Andrew Ross Sorkin, Reddit Organizations: Twitter, New York Stock Exchange, Arm Holdings Locations: Reddit
Trian claims Disney's board has failed to generate sufficient returns in recent years as subscription streaming losses have mounted and traditional TV subscribers have declined. Early vote countBoth Disney and Trian received support from influential shareholders ahead of Wednesday's meeting. Roughly one-third of Disney's shareholders are retail shareholders, who historically vote in small numbers in annual meetings. The arrangement still raised questions about ValueAct's support for the company and whether Disney's board should have disclosed the prior relationship. WATCH: Disney board battle reaches final moments
Persons: Bob Iger, Mickey Mouse, Valerie Macon, Nelson Peltz, Jay Rasulo, They've, Maria Elena Lagomasino, Michael Froman, Peltz, Ike Perlmutter, Trian, Disney's, Iger, Bob Chapek, Patrick T, Adam Jeffery, Morgan Stanley, James Gorman, CNBC's, George Lucas, Laurene Powell Jobs, Lucas, Powell Jobs, Ken Squire, Rowe Price, Rowe, Mason Morfit's, ValueAct, Neuberger Berman, John Ferguson, Rasulo —, Glass Lewis, Iger's, Gorman, Jeremy Darroch, CNBC's Andrew Ross Sorkin, Heidi Gutman, Lagomasino, shouldn't, Blackwells, Rasulo, Jason Aintabi, John Foley, Jessica Schnell, Craig Hatkoff, Leah Solivan, ValueAct hasn't Organizations: AFP, Getty Images Disney, Voters, Trian Partners, Disney, PepsiCo, Marvel, SEC, Fallon, Bloomberg, Getty, CNBC Disney, CNBC, Star Wars, LucasArts, Pixar, BlackRock, Institutional, California Public Employees, Yacktman Asset Management, Saratoga Proxy, ISS, Sky, Trian Fund Management, NBCU, Bank, NBCUniversal, Green, Comcast Locations: Los Angeles, New York
The New York Mets and their revamped roster are languishing in this young baseball season, but owner Steve Cohen isn't panicking, not by a longshot. "It's only four games into the season right?" Cohen told CNBC's Andrew Ross Sorkin during an interview Wednesday on "Squawk Box" that touched on his thus-far winless team that he purchased in 2020. "Nobody wants to start zero and four, but you know, it's early. During the season, you're going to have losing streaks.
Persons: Steve Cohen isn't panicking, Cohen, CNBC's Andrew Ross Sorkin Organizations: New York Mets, Mets, National League East
Dunkin' ad: Worth the price tag?
  + stars: | 2024-02-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDunkin' ad: Worth the price tag? CNBC's Andrew Ross Sorkin, Becky Quick and Joe Kernen discuss the Super Bowl commercial from Dunkin', and whether it was worth the price tag.
Persons: Dunkin, Andrew Ross Sorkin, Becky Quick, Joe Kernen Organizations: Dunkin
Nelson Peltz, founding partner and CEO of Trian Fund Management, speaks with CNBC's Andrew Ross Sorkin on July 17, 2013 in New York. Are you not entertained, Nelson Peltz? Both Disney's higher profits, and string of content and partnership announcements, appeared to form a direct rebuttal to Peltz's concerns about the company. It was hard to keep up with Disney's announcements this quarter:ESPN finally set a launch date for its direct-to-consumer service: August or fall of 2025. It's only logical that the mountain of announcements came this quarter, given activist pressure from Trian and Blackwells Capital.
Persons: Nelson Peltz, CNBC's Andrew Ross Sorkin, Peltz, Jay Rasulo, Michael Froman, Maria Elena Lagomasino, Bob Iger, CNBC's Julia Boorstin, Iger, Boorstin, Taylor, Trian, Disney Organizations: Trian Fund Management, Disney, CNBC, ESPN, Epic Games, Warner Bros . Discovery, Fox, Blackwells, Disney Board Locations: New York, Trian
Ukrainian President Volodymyr Zelenskyy speaks with CNBC's Andrew Ross Sorkin at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. The Zelenskyy family income fell almost threefold between 2021 and 2022, according to the declaration on the presidential website. In particular, in 2021, the process of registering 22 trademarks, which began long before his election as President of Ukraine, was completed," the president's first-ever public declaration of income said. In 2022, the Zelenskyy family income fell to 3.7 million hryvnias due to the "temporary termination of lease agreements on the territory of Ukraine as a result of the beginning of Russia's full-scale aggression." The family's cash balance at the end of 2022 dropped by almost 1.8 million hryvnias, the declaration said, while its asset, real estate and vehicle ownership was unchanged over the two years.
Persons: Volodymyr Zelenskyy, CNBC's Andrew Ross Sorkin, Zelenskyy Organizations: EU Locations: Davos, Switzerland, Ukraine, Russia
The Russian Defense Ministry said Wednesday that missiles fired from across the border brought down the transport plane that it said was taking the POWs back to Ukraine. Local authorities in Belgorod, which borders Ukraine, said the crash killed all 74 people onboard, including six crew members and three Russian servicemen. Kyiv has neither confirmed nor denied that its forces downed a Russian military transport plane that day, and Russia's claim that the crash killed Ukrainian POWs could not be independently verified. An International Committee of the Red Cross spokesperson in Ukraine urged Russia on Friday night to return the bodies of any POWs who might have died in the plane crash. While Ukraine and Russia regularly exchange the bodies of dead soldiers, each trade has required considerable preparation, Vlasenko said.
Persons: Volodymyr Zelenskyy, CNBC's Andrew Ross Sorkin, Moscow, Kyrylo, Budanov, Mykola Oleshchuk, Oleksandr Vlasenko, Vlasenko, Vladimir Putin, Putin Organizations: Russian, Wednesday, Ukraine's, Staff, Kyiv, Russian Defense Ministry, Local, Social, International Committee, Red Cross, U.S, Free, Radio Liberty, Red Cross Media Locations: Davos, Switzerland, Ukraine, Russia, Ukrainian, Russia's Belgorod, Belgorod, Russian, Kyiv, Moscow, Free Europe, thoughtlessness, St . Petersburg
Ukrainian President Volodymyr Zelenskyy speaks with CNBC's Andrew Ross Sorkin at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Ukrainian President Volodymyr Zelenskyy said he was worried by the prospect of Donald Trump returning to the White House, branding Trump's claim that he could stop Ukraine's war with Russia in 24 hours as "very dangerous." If you can stop the war during 24 hours, I think it will be enough to come," Zelenskyy said. Zelenskyy described the former president's rhetoric as "very dangerous" and appeared to be apprehensive that Trump's idea of a negotiated solution might involve Ukraine making major concessions to Russia. Throughout his political career, he has frequently lavished praise on Russian President Vladimir Putin, including after Moscow's February 2022 invasion of Ukraine.
Persons: Volodymyr Zelenskyy, CNBC's Andrew Ross Sorkin, Donald Trump, Zelenskyy, Trump, … I'm, that's, Vladimir Putin, Putin, Joe Biden's Organizations: White House, Republican, U.S . House Locations: Davos, Switzerland, Russia, Kyiv, Ukraine, Georgia, Russian
People attend the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 18, 2024. Javier MileiArgentina's President Javier Milei delivers a speech at the World Economic Forum (WEF) meeting in Davos on January 17, 2024. Sam AltmanSam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. He said AGI could be developed in the "reasonably close-ish future," speaking at a private gathering at the Bloomberg House in Davos, Switzerland. AI took a huge leap forward in the last year or two years," Benioff said on a World Economic Forum panel Thursday.
Persons: Denis Balibouse, Donald Trump, Ursula von der, Ursula von der Leyen, Jamie Dimon Jamie Dimon, JPMorgan, Adam Galici, Jamie Dimon, Dimon, Larry Fink's, bitcoin, Volodymyr Zelenskyy, CNBC's Andrew Ross Sorkin, Vladimir Putin, Zelenskyy, Putin, Javier Milei, Fabrice COFFRINI, FABRICE COFFRINI, Fabrice Coffrini, Milei, Adena Friedman Adena Friedman, Adena Friedman, Friedman, Sam Altman Sam Altman, Sam Altman, Altman, Antony Blinken Antony Blinken, CNBC Putin, Antony Blinken, Blinken, Trump's, it's, Christine Lagarde, Emmanuel Macron, Macron, Dmytro Kuleba, Arnd Wiegmann, Trump, Vladimir, Ukraine's, Kuleba, Michelle Yeoh Michelle Yeoh, Mike Coppola, Michelle Yeoh, CNBC's Tania Bryer, Yeoh, Pedro Sanchez Spanish, Pedro Sanchez, Isabel Infantes, Sanchez, Li Qiang Li Qiang, Li Qiang, Li, Isaac Herzog, Kfir Bibas, Herzog, Kfir, Hossein Amir, Abdollahian, Atta Kenare, Joe, Biden, Netanyahu, Amir, Sergio Ermotti, MICHAEL BUHOLZER, Ermotti, Marc Benioff Marc Benioff, Salesforce, CNBC's Sara Eisen, Marc Benioff, Benioff, Ray Dalio Ray Dalio, Bridgewater, Ray Dalio, Dalio, Mark Carney Mark Carney, DANIEL LEAL Organizations: Economic, Reuters, European, JPMorgan Chase, CNBC, BlackRock, Getty, Afp, NASDAQ, CNBC Nasdaq, Reuters OpenAI, Bloomberg, State, European Central Bank, Central Bank, Reuters Ukraine's, United Nations Development, Spanish, Getty Images, Hamas, Palestinian, Hezbollah, Turkish, AFP, Iranian, Sergio Ermotti UBS, Getty Images UBS, Credit Suisse, Bridgewater Associates, U.S, Bank of England, UN, OLIVAS Locations: Davos, Switzerland, Ukraine, Gaza, Russia, China, Moscow, WEF, AFP, OpenAI, U.S, Russian, Iran, Europe, United States, Hollywood , California, Madrid, Spain, Beijing, Washington, Lebanese, Tehran, Israel, Hiroshima
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPalantir CEO Alex Karp: Antisemitism as a prejudice has always been the canary in the coal mineCNBC's Andrew Ross Sorkin shares a preview his interview with Palantir CEO Alex Karp at the World Economic Forum in Davos, Switzerland.
Persons: Alex Karp, Andrew Ross Sorkin Organizations: Economic Locations: Davos, Switzerland
Antony Blinken, U.S. Secretary of State, speaks with CNBC's Andrew Ross Sorkin at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Russian President Vladimir Putin has "precipitated virtually everything he sought to prevent" by launching an invasion against Ukraine to separate Kyiv from the West, U.S. Secretary of State Antony Blinken said at a panel discussion in Davos, Switzerland. "Ukraine has been a profound strategic failure for Vladimir Putin and for Russia, in so many ways," he said Wednesday. "You now have a Russia that overall is weaker militarily, it's weaker economically, it's weaker diplomatically. Witnessing Moscow's ire in Ukraine, Finland and Sweden abandoned their long-held neutrality and applied to join the military group in May 2022.
Persons: Antony Blinken, CNBC's Andrew Ross Sorkin, Vladimir Putin, Organizations: State, West, NATO, EU Locations: U.S, Davos, Switzerland, Ukraine, Russia, Europe, Finland, Sweden, Hungary, Turkey
Secretary of State Antony Blinken said Tuesday that China's growing aggression toward Taiwan has undermined the country's own interests. "I think the approach that they've shown in recent years has actually been totally counterproductive to their interests," Blinken said at the World Economic Forum in Davos, Switzerland on CNBC's "Squawk on the Street." Blinken's comments come days after Taiwan voters elected the Democratic Progressive Party's Lai Ching-te to serve as the next president. In the weeks leading up to the election, Taiwan officials reported several attempts by the Chinese government to sway the election via escalating military pressure and disinformation campaigns. At Davos, Blinken reiterated the official U.S. stance on Taiwan and China, which simultaneously supports Taiwan's democratic systems but does not support its independence.
Persons: Antony Blinken, CNBC's Andrew Ross Sorkin, Blinken, Party's Lai Ching, Lai, Joe Biden's, Xi Jinping, we've Organizations: State, Economic, Taiwan, Democratic, White Locations: U.S, Davos, Switzerland, Taiwan, CNBC's, China, Beijing, China's Taiwan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJay Monahan on the record: PGA Tour commissioner on LIV deal, medical leave of absenceCNBC's Andrew Ross Sorkin discusses his interview with PGA Tour commissioner Jay Monahan at The New York Times' DealBook Summit.
Persons: Jay Monahan, LIV, CNBC's Andrew Ross Sorkin Organizations: PGA, The New York Times
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Squawk Box' crew react to Elon Musk's NYT DealBook Summit interviewCNBC's Andrew Ross Sorkin, Becky Quick and Joe Kernen discuss Elon Musk's interview at The New York Times DealBook Summit.
Persons: CNBC's Andrew Ross Sorkin, Becky Quick, Joe Kernen, Elon Musk's Organizations: Elon Musk's, The New York Times DealBook
CNBC Daily Open: The COP28 heat is on
  + stars: | 2023-11-30 | by ( Clement Tan | ) www.cnbc.com   time to read: +4 min
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The S&P 500 ticked down 0.09% to end at 4,550.58, and the Nasdaq Composite slipped by 0.16% to 14,258.49. The force is risingSalesforce shares rose 7% in extended trading on Wednesday after the cloud software vendor's third-quarter earnings topped analysts' estimates. [PRO] Beware crowded tradesThe S&P 500 is up more than 8% in November, putting it on track for its biggest monthly gain since July 2022.
Persons: Dow Jones, Jensen, Jensen Huang, CNBC's Andrew Ross Sorkin, Huang, Morgan Stanley, Russell Organizations: Expo, CNBC, Dow Jones, Dow, Nasdaq, Commerce Department, Gross, Federal Reserve, United Auto Workers, Detroit automakers, BMW, Honda, Hyundai, Mazda, Benz, Nissan, Subaru, Toyota, Volkswagen, Volvo, General Motors, Nvidia Locations: Dubai, United Arab Emirates, U.S, China
X CEO Linda Yaccarino addressed the explicit comments Elon Musk hurled at advertisers during what she called a "wide ranging" and "candid" interview with CNBC's Andrew Ross Sorkin at the 2023 DealBook Summit in New York on Wednesday. "If somebody's going to try to blackmail me with advertising? Yaccarino described Musk's comments as an "explicit point of view about our position." "We're a platform that allows people to make their own decisions," Yaccarino wrote on X, formerly known as Twitter, late Wednesday night. "And here's my perspective when it comes to advertising: X is standing at a unique and amazing intersection of Free Speech and Main Street — and the X community is powerful and is here to welcome you.
Persons: Linda Yaccarino, Elon Musk, CNBC's Andrew Ross Sorkin, Musk, Yaccarino Organizations: Twitter Locations: New York
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