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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSen. Tim Scott on Fed Chair Powell testimony: A rate cut in September 'looks pretty political'Senate Banking Committee ranking member Sen. Tim Scott (R-S.C.) joins 'Squawk Box' to discuss Fed Chair Powell's testimony on Capital Hill today, what he expects to hear from Powell, state of the 2024 race, and more.
Persons: Email Sen, Tim Scott, Powell, Sen Organizations: Email Locations: Capital Hill, Powell
BA YTD mountain Boeing stock has slumped more than 26% from the start of the year after the Alaska Airlines 737 Max controversy. Stifel The firm has a buy rating on Boeing stock with a $270 per share price target, or 41% upside from Monday's close. TD Cowen TD Cowen has a buy rating on Boeing stock with a $230 per share price target, or 20% above Monday's close. JPMorgan maintains an overweight rating on Boeing with a $230 per share price target, or about 20% above Monday's close. JPMorgan maintains an overweight rating on Boeing stock with a $230 per share price target, or about 20% moving forward.
Persons: shakeup, Max, David Calhoun, Calhoun isn't, Larry Kellner, Stan Deal, Stephanie Pope, Pope, Calhoun, Bert Subin, Max —, Bank of America Bank of America's Ronald Epstein, TD Cowen TD Cowen, TD Cowen, Cai von Rumohr, Dave Calhoun, Morgan Stanley Morgan Stanley's Kristine Liwag, David Calhoun's, Wolfe, Wolfe Research Wolfe, Myles Walton, Seth Seifman, Seth M, Seifman Organizations: Alaska Airlines, Boeing, Bank of America Bank of America's, Wolfe Research, JPMorgan, FAA, Federal Aviation Administration Locations: Calhoun, Alaska
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJamie Dimon on Capital Hill: Capital proposal could fundamentally alter U.S. economyCNBC’s Leslie Picker, join 'Power Lunch' to report on the Senate hearing on banks.
Persons: Jamie Dimon, CNBC’s Leslie Picker Locations: Capital Hill
SANTA FE, N.M. (AP) — Friends and admirers of former Gov. Richardson's casket was scheduled to lie in state Wednesday in the rotunda of the New Mexico Statehouse astride a giant inlay of the New Mexico state seal and an ancient Zia Pueblo symbol of the sun. Richardson died in his sleep at his home in Chatham, Massachusetts, earlier this month at age 75. Political Cartoons View All 1154 ImagesFormer state House speaker Brian Egolf of Santa Fe witnessed Richardson's evolution from congressman to U.S. diplomat, Cabinet secretary and then state governor. Funeral services were scheduled for Thursday at Santa Fe's downtown Cathedral Basilica of St. Francis of Assisi.
Persons: Bill Richardson, Zia, Richardson, , Miguel Trujillo, Brian Egolf, Egolf, , ” William Blaine Richardson, Bill Clinton's, Francis of Assisi Organizations: SANTA FE, Gov, United Nations, New, New Mexico Statehouse, Tufts University, Democratic, Associated Press, St Locations: SANTA, New Mexico, Zia Pueblo, Chatham , Massachusetts, Santa Fe, Albuquerque, U.S, Pasadena , California, Mexico City, Mexican, American, Massachusetts, Iowa, New Hampshire, Navajo, Santa Fe's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMacquarie's Fred Havemeyer says copyright should be core to regulating new AI toolsFred Havemeyer, Macquarie software analyst, joins 'Power Lunch' to discuss the AI hearing on Capital Hill tomorrow.
Persons: Fred Havemeyer Organizations: Macquarie
Sen. Chuck Schumer is hosting sessions to help lawmakers understand and shape future rules on AI. AdvertisementAdvertisementMeredith Whittaker, president of messaging app Signal and former director of AI think tank the AI Now Institute, posted on X: "This is the room you pull together when your staffers want pictures with tech industry AI celebrities. It's not the room you'd assemble when you want to better understand what AI is, how (and for whom) it functions, and what to do about it." This is the room you pull together when your staffers want pictures with tech industry AI celebrities. It's not the room you'd assemble when you want to better understand what AI is, how (and for whom) it functions, and what to do about it.
Persons: Sen, Chuck Schumer, Axios, Mark Zuckerberg —, Sam Altman, Sundar Pichai, Satya Nadella, Elon Musk, Mark Zuckerberg, Per, Maria Curi, Rumman Chowdhury, Deborah Raji, Tristan Harris, b9mJhW39NW — Maria Cristina Curi, OpenAI, Alex Karp, Jack Clark, Clement Delangue, Meredith Whittaker, It's, UM1EhFNb1H — Meredith Whittaker, Face's Delangue Organizations: Morning, Google, Microsoft, Mozilla, Center of Humane, Meta, Nvidia Locations: Washington
But PPI readings can predict the direction of future consumer price readings. High interest rates hurt because they increase monthly costs, but it's the lack of supply that contributes to elevated list prices. If we can get inflation down while seeing other economic indicators hold up, the likelihood of a soft landing increases. ET: Industrial Production & Capacity Utilization Looking back It was a tough week for stocks, with the Dow falling 4.4% in its worst showing since June. Under the hood, all sectors finished lower for the week, led down by financials and followed by materials and real estate.
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