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Source: NYSEThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Last Monday, the S&P closed above 6,000 and the Dow finished the day above 44,000 for the first time. When markets closed on Friday, the S&P lost 2.1% and the Dow had fallen 1.2% for the week — both ending the week below their milestones. Those were the worries weighing on markets last week, which brought the S&P back to its level in mid-October, noted CNBC's Michael Santoli.
Persons: Dow, Trump, Robert F, Kennedy Jr, Trump's, Michael Santoli, Kristy Akullian, Akullian, , Brian Evans, Alex Harring Organizations: HK, New York Stock Exchange, CNBC, Dow, Trump, Nasdaq, U.S . Department of Health, Human Services, BlackRock Locations: satiation, surfeit, Americas, BlackRock
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed Chair Powell gave a 'marvelous' speech at Jackson Hole, says Georgetown's McCulleyPaul McCulley, former PIMCO chief economist and Georgetown adjunct professor, and CNBC's Michael Santoli join 'Squawk on the Street' to discuss Fed chair Powell's speech at Jackson Hole, the market's expectations for rate cuts this year, and more.
Persons: Powell, Jackson, Georgetown's McCulley Paul McCulley, CNBC's Michael Santoli Locations: Georgetown
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman's Peter Oppenheimer: this correction is healthy and somewhat inevitable but may not be overPeter Oppenheimer, Goldman Sachs chief global equity strategist, and CNBC's Michael Santoli join 'Squawk on the Street' to discuss the strategist's thoughts on the recent global equity market performance, what the discount on the Nasdaq's multiple means for investors, and much more.
Persons: Peter Oppenheimer, Goldman Sachs, CNBC's Michael Santoli
CNBC Daily Open: Trump assassination attempt
  + stars: | 2024-07-15 | by ( Abid Ali | ) www.cnbc.com   time to read: +4 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Trump assassination attemptThe attempted assassination of former President Donald Trump at a rally in Pennsylvania on Saturday left one attendee and the gunman dead, and two more attendees in critical condition. Trump was grazed by a bullet and treated at a local hospital, but released late Saturday night. Dimon inflation warningJPMorgan Chase CEO Jamie Dimon has warned that inflation and interest rates may remain high despite recent easing in price pressures.
Persons: Trump, Donald Trump, Thomas Matthew Crooks, Larry Hu, CNBC's Evelyn Cheng, Russell, CNBC's Michael Santoli, Wiz, Jamie Dimon, Dimon Organizations: CNBC, FBI, NBC, Macquarie, Communist Party of, Dow, Dow Jones, Depot, Caterpillar, Big Tech, Nasdaq, Wiz, Wall Street Journal, Sequoia Capital, Insight Partners, U.S Locations: Pennsylvania, Bethel Park, Pa, China's, Beijing, China, Communist Party of China, Israeli
CNBC Daily Open: Biden urges unity
  + stars: | 2024-07-15 | by ( Abid Ali | ) www.cnbc.com   time to read: +4 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Trump assassination attemptPresident Joe Biden addressed the nation from the White House, where he condemned all political violence and called for unity. [PRO] Gearing up for electionsWith the U.S. presidential election approaching and stock markets at all-time highs, professional investors are emphasizing portfolio diversification to mitigate risks. Despite a brief downturn due to a rotation out of mega-cap growth stocks, the markets rebounded, setting new records.
Persons: Trump, Joe Biden, Biden, Donald Trump, Thomas Matthew Crooks, CNBC's Evelyn Cheng, Russell, CNBC's Michael Santoli, Wiz, David Roche, Hong, Australia's, Korea's Kospi Organizations: CNBC, White, FBI, NBC, Dow, Dow Jones, Depot, Caterpillar, Big Tech, Nasdaq, Wiz, Wall Street Journal, Sequoia Capital, Insight Partners, Quantum, Trump, Republican, Senate, CSI, U.S Locations: Pennsylvania, Bethel Park , Pennsylvania, China, Israeli, Hong Kong Asia, Pacific
CNBC Daily Open: Nasdaq record, Tesla future value?
  + stars: | 2024-06-17 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
Alain Jocard | AFP | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. This valuation, however, wouldn't be based on Tesla's success as an electric vehicle manufacturer, but rather as a robotics company. While Musk didn't provide a specific timeframe for this claim, he also suggested Tesla could reach a $5 trillion to $7 trillion valuation as a robotaxi company. In 2020, Tesla's worth even surpassed the combined value of Toyota, Volkswagen, Hyundai, GM, Ford and BMW.
Persons: Elon Musk, Porte, Alain Jocard, Elon, Tesla, Cathie Wood, Wood, CNBC's, Dan Ives, Chris Ailman, Ailman, CNBC's Michael Santoli, Jeff Cox, Michael Santoli, Jordan Novet, Katie Bartlett, Pia Singh, Riley de León, Spencer Kimball, Lisa Kailai Han, Brian Evans Organizations: SpaceX, Twitter, Porte de, AFP, Getty, CNBC, Toyota, Volkswagen, Hyundai, GM, Ford, BMW, California State Teachers, Nvidia, & $ Locations: Paris, Tesla
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGreg Abel looks like perfect 'sequential partner' to follow Buffett, says Neuberger's Dan HansonBerkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting. Dan Hanson, Neuberger Berman senior portfolio manager, speaks with CNBC's Michael Santoli about his takeaways from the 2024 Berkshire annual meeting.
Persons: Greg Abel, Buffett, Neuberger's Dan Hanson Berkshire, Warren Buffett, Dan Hanson, Neuberger Berman, CNBC's Michael Santoli Organizations: Neuberger's Dan Hanson Berkshire Hathaway, Berkshire Hathaway Locations: Berkshire
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAriel Investments CEO John Rogers calls Berkshire one of 'best investments of all time'Berkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting. John Rogers, Ariel Capital Management founder, speaks with CNBC's Michael Santoli and Becky Quick about Berkshire's Apple stake, how investors should consider investing in Berkshire Hathaway, and more.
Persons: John Rogers, Berkshire Hathaway, Warren Buffett, CNBC's Michael Santoli, Becky Quick Organizations: Ariel, Berkshire, Berkshire Hathaway, Ariel Capital Management, Apple Locations: Berkshire, Berkshire Hathaway
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGraham Holdings CEO: Berkshire's focus on strong cash balance was fascinatingBerkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting. Graham Holdings president and CEO Tim O'Shaughnessy joins CNBC's Michael Santoli and Becky Quick to discuss the Warren Buffett's meeting takeaways, and how to apply it to Graham Holdings' business.
Persons: Berkshire Hathaway, Warren Buffett, Tim O'Shaughnessy, CNBC's Michael Santoli, Becky Quick, Warren Organizations: Graham Holdings, Berkshire, Berkshire Hathaway
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBerkshire board member Ron Olson says Greg Abel has the ability to make quick and solid judgmentsBerkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting. Berkshire Hathaway board member Ron Olson sits downs with CNBC's Michael Santoli and Becky Quick to discuss Warren Buffett’s successor, how the board sees Greg Abel, and more.
Persons: Ron Olson, Greg Abel, Berkshire Hathaway, Warren Buffett, CNBC's Michael Santoli, Becky Quick, Warren Buffett’s Organizations: Berkshire Hathaway, Berkshire Locations: Berkshire
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAriel's Christine Phillpotts on why emerging markets can provide 'value and growth' at the same timeCNBC's Michael Santoli interviews Christine Phillpotts, portfolio manager for Ariel Investment's emerging markets value strategies, from the Berkshire Hathaway annual shareholders meeting. Phillpotts breaks down why stocks in emerging markets have been giving investors 'value and growth' at the same time, and the stocks to look at in China and other Asian markets.
Persons: Christine Phillpotts, Michael Santoli, Ariel Investment's, Phillpotts Organizations: Berkshire Hathaway Locations: China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Pro Talks: BlackRock's Rick Rieder on what's worrying him most about the financial marketsCNBC'S Michael Santoli is joined by Rick Rieder, BlackRock's chief investment officer of global fixed income, at the 13th annual Delivering Alpha conference to discuss potential headwinds and tailwinds for investors for the last quarter of 2023.
Persons: Rick Rieder, Michael Santoli Organizations: Alpha
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPRO Talks: Investors Jenny Harrington and Josh Brown on finding opportunities in this tough marketCNBC's Michael Santoli is at the 13th Delivering Alpha conference joined by Josh Brown of Ritholtz Wealth Management and Gilman Hill Asset Management's Jenny Harrington to break down the current unstable market conditions and what's buzzing at CNBC's premier annual event.
Persons: Jenny Harrington, Josh Brown, Michael Santoli Organizations: Alpha, Ritholtz Wealth Management
The Invesco S & P 500 Equal Weight ETF (RSP) rose 2.8% in the first week of the new year, roughly double the gains for the S & P 500. The index was down less than 12% last year on a total return basis, while the S & P 500 fell nearly 20%. Similar funds like the Invesco Russell 1000 Equal Weight ETF (EQAL) have also outperformed. The run has been so strong that, as CNBC's Michael Santoli pointed out in his weekend column , the S & P 500 equal weight index is trading at a multiyear high versus the S & P 500. The upcoming earnings season may be another reason for investors to consider an equal weight fund.
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