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☆ Yields and energy are both coming to life, says Strategas' Chris Verrone
▼ + stars: | 2023-07-12 | 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 EmailYields and energy are both coming to life, says Strategas' Chris VerroneChris Verrone, Strategas Research Partners head of technical and macro research, joins 'Squawk Box' to discuss the stocks, market trends, and more.

Persons: Strategas, Chris Verrone Chris Verrone Organizations: Strategas Research Partners

☆ Delta lifts profit view on strong travel demand, lower fuel costs
▼ + stars: | 2023-06-27 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +2 min

CHICAGO, June 27 (Reuters) - Delta Air Lines (DAL.N) said on Tuesday it expects full-year profit per share at the high-end of its prior forecast on sustained travel demand. Shares rose about 1% in premarket trading as the Atlanta-based carrier also lifted its expectation for annual free cash flow ahead of its investor day. But with no let-up in travel demand, mainly for overseas trips and a moderation in fuel costs, analysts have revised upwards Delta's profit estimates. In a sign of growing confidence in its ability to generate free cash flow, Delta this month reinstated its quarterly dividend, which it had suspended in March 2020 during the pandemic. The company raised its free cash flow outlook for 2023 to $3 billion compared to more than $2 billion that it had forecast earlier.

Persons: Daniel McKenzie, Stephen Trent, Rajesh Kumar Singh, Shivansh, Jamie Freed, Arun Koyyur Organizations: Delta Air Lines, Delta, Seaport Research Partners, Citi, Thomson Locations: Atlanta, U.S, North America

☆ Suspicious we're bumping up against the high-end of the range in equities, says Strategas' Verrone
▼ + stars: | 2023-06-16 | 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 EmailSuspicious we're bumping up against the high-end of the range in equities, says Strategas' VerroneChris Verrone, head of technical and macro research at Strategas Research Partners, joins 'Squawk Box' to discuss if there's more to come in the rally in equities, what would happen if the Federal Reserve decided to stay higher for longer, and what's causing yields to move higher.

Persons: Chris Verrone Organizations: Strategas Research Partners, Federal Reserve

☆ Watch CNBC's full interview with Strategas Research's Chris Verrone
▼ + stars: | 2023-06-16 | 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 EmailWatch CNBC's full interview with Strategas Research's Chris VerroneChris Verrone, head of technical and macro research at Strategas Research Partners, joins 'Squawk Box' to discuss if there's more to come in the rally in equities, what would happen if the Federal Reserve decided to stay higher for longer, and what's causing yields to move higher.

Persons: Strategas, Chris Verrone Chris Verrone Organizations: Strategas Research Partners, Federal Reserve

☆ We're 'a long way away' from the Fed's target of 2% inflation, says Strategas' Jason Trennert
▼ + stars: | 2023-06-13 | 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 EmailWe're 'a long way away' from the Fed's target of 2% inflation, says Strategas' Jason TrennertJason Trennert, Strategas Research Partners chairman and CEO, joins 'Squawk Box' to discuss the Fed's rate hike campaign, why a pause doesn't mean a finish in tightening, and more.

Persons: Strategas, Jason Trennert Jason Trennert Organizations: Strategas Research

☆ As Republican contenders start to line up for the White House in 2024, Social Security may be key issue
▼ + stars: | 2023-06-07 | by ( Lorie Konish | ) www.cnbc.com time to read: +7 min

Proposal for 'modern version' of Social SecurityThe Social Security plan Laffey would implement throws out the traditional approaches of tax increases or benefit cuts. Currently, workers and employers each pay 6.2% on up to $160,200 in wages toward Social Security. "It's a modern version of Social Security," Kotlikoff said. The idea of rethinking the way Social Security funds are invested has come up before. Andrew Biggs, who worked in the White House on Social Security reform at the time and who is now a senior fellow at the American Enterprise Institute, remembers the proposal did not come close to succeeding, even as Social Security still had surpluses and Republicans controlled both houses of Congress.

Persons: Alex Durante, Durante, Laurence Kotlikoff, Kotlikoff, Laffey, Morgan Keegan, Steve Laffey, Ed Jones, Cranston, George W, Bush, Andrew Biggs, Biggs, Biden Organizations: iStock, Social Security, Social Security's, Lawmakers, Washington, Tax, Foundation, Social, Boston University, U.S, Senate, Republican, Afp, Getty, Wall, today's Social Security, American Enterprise Institute, Democratic, Lake Research Partners, Trump, Alafaya Locations: Cranston , Rhode Island, Rhode Island, Colorado, America, Cranston, Orlando , Florida

☆ A.I. stock valuations are nowhere near the levels seen in past innovation waves, analyst Michael Goldstein says
▼ + stars: | 2023-06-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

The sky-high valuations seen in tech stocks due to the promise of artificial intelligence aren't so "extreme" when looking at prior innovation cycles. "The relative forward-P/Es of today's AI leadership are still a far cry from what was seen at the peaks of past innovation waves," said managing partner Michael Goldstein in a Tuesday note." In fact, they sit close to the level reached a year before the tops." For AI, he examined holdings within the Roundhill Generative AI and Technology ETF (CHAT) , which includes Nvidia, Microsoft , Alphabet , Baidu and more. While valuations for these stocks appear "rooted in reality," Goldstein noted that a correction isn't out of the question.

Persons: Michael Goldstein, Goldstein, — CNBC's Michael Bloom Organizations: Empirical Research Partners, Nvidia, Technology, Microsoft, Baidu

Google invested in generative AI startup Runway as part of a $100 million round, sources say. Google and Runway also signed a $75 million cloud computing project, leaked documents show. Google has invested in generative AI startup Runway as part of a $100 million deal, as the Alphabet-owned company leverages its cloud advantage to cozy up to other artificial intelligence players. In addition, Runway has signed a cloud deal with Google worth $75 million over three years, according to internal documents reviewed by Insider. It previously raised $100 million from Amplify Partners, Lux Capital, Coatue, and Felicis Ventures.

Persons: Oscar, Anthropic Organizations: Google, Runway, Lux, Felicis Ventures, Financial Times, Microsoft's, MIT Technology Locations: New York, OpenAI

☆ The Fed is not done by a long shot, says Strategas’ Jason Trennert
▼ + stars: | 2023-05-30 | 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 EmailThe Fed is not done by a long shot, says Strategas’ Jason TrennertJason Trennert, Strategas Research Partners chairman and CEO, joins 'Squawk Box' to discuss the latest market outlook, recession fears, the Fed rate hike campaign, and more.

☆ Watch CNBC's full interview with Strategas' Jason Trennert
▼ + stars: | 2023-05-30 | 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 EmailWatch CNBC's full interview with Strategas' Jason TrennertJason Trennert, Strategas Research Partners chairman and CEO, joins 'Squawk Box' to discuss the latest market outlook, recession fears, the Fed rate hike campaign, and more.

☆ Strategas' Jason Trennert says he's cautious on economy and markets
▼ + stars: | 2023-05-15 | 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 EmailStrategas' Jason Trennert says he's cautious on economy and marketsJason Trennert, Strategas Research Partners chairman and CEO, joins 'Squawk Box' to discuss the latest market trends, whether the U.S. is headed for a recession, and more.

May 9 (Reuters) - Broadcaster Fox Corp (FOXA.O) beat estimates for third-quarter revenue and adjusted profit on Tuesday, as Chief Executive Lachlan Murdoch affirmed the company’s prime-time programming strategy following its recent $787.5 million settlement with Dominion Voting Systems and dismissal of star host Tucker Carlson. Dominion had sued Fox for $1.6 billion over its coverage of debunked vote-rigging claims about the voting technology firm. Total revenue rose 18% to $4.08 billion, inching past analysts' estimates of $4.03 billion, according to Refinitiv data. Fox's ad revenue also surged 43% to $1.88 billion, well past the expectation of $1.67 billion. The upbeat results from Fox underscore the cautious approach by advertisers who are mostly buying slots on dominant networks.

Boeing shares rose 2.5% in early afternoon trade after the company reaffirmed its plans to generate $3 billion to $5 billion in free cash flow this year, as well as deliver 400 to 450 737 MAXs and 70 to 80 787 Dreamliners. Deliveries will increase to about 40 MAXs a month during the back half of the year, he said. Reuters reported earlier this month that Boeing's schedule called for suppliers to produce 38 737 MAXs a month from June. Reuters GraphicsBoeing's first-quarter cash burn slowed to $786 million from $3.57 billion a year earlier on higher jet deliveries. Reporting by Abhijith Ganapavaram in Bengaluru and Valerie Insinna in Washington; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

April 26 (Reuters) - Boeing Co (BA.N) said on Wednesday that it planned to ramp up production of its 737 MAX jets to 38 per month by year-end, while backing its annual cash-flow goal, offering some relief to investors after a new manufacturing snafu threatened to derail deliveries. Reuters reported earlier this month that Boeing's schedule called for suppliers to ramp up to 38 737 MAXs a month in June. Overall, Boeing reaffirmed plans to generate $3 billion to $5 billion in free cash flow this year, as well as deliver 400 to 450 737 MAXs and 70 to 80 787 Dreamliners. Boeing reported an adjusted loss per share of $1.27, wider than analyst expectations of a loss of $1.07 per share, per Refinitiv data. Boeing executives are expected to detail the scope of the problem on an investor call later in the day.

☆ Walmart is giving away $98 memberships to moms — and it shows how desperate it is to boost its Amazon Prime rival
▼ + stars: | 2023-04-26 | by ( Ben Tobin | ) www.businessinsider.com time to read: +3 min

Walmart is giving away $98 Walmart+ memberships to mothers who give birth to children in May. Walmart+ vs Amazon PrimeThis is just the latest move Walmart has done to bolster Walmart+, the company's membership service that launched in 2020 in response to Amazon Prime. During the holiday season in 2022, Walmart+ members had early Black Friday shopping deals. Recently, Walmart+ members even had the chance to try a new Oreo flavor before it hit shelves nationwide. Walmart does not publicly disclose how many members Walmart+ has.

April 25 (Reuters) - Star host Tucker Carlson's abrupt exit from Fox News is likely to hit short-term ratings but could nudge more mainstream advertisers to consider a network they have snubbed for being too partisan, investors and analysts said. News of his departure on Monday wiped nearly $1 billion from the market valuation of the network's parent company, Rupert Murdoch-controlled Fox Corp (FOXA.O). "It's a huge deal," said Matthew Tuttle, head of Tuttle Capital Management, an investment firm that is betting against Fox shares. The conservative-leaning Carlson's prime-time show was the highest-rated cable news program in the key 25-to-54 age demographic on Fox News - the most-watched U.S. cable news network. It's likely that advertisers who were seeking that audience may have limited other options for conservative news viewership without skewing too conservative."

☆ Boeing investors seek answers after latest 737 production glitch
▼ + stars: | 2023-04-24 | by ( Valerie Insinna | ) www.reuters.com time to read: +2 min

Investors are clamoring for details on the extent of the problem, which Boeing said involves a “significant” portion of the 737 fleet where two brackets were improperly installed. But Wall Street has received little information from Boeing on its plan to fix the problem and the overall financial impact. “I'd like to have some numbers and some scale of the materiality of this, whether it affects deliveries, cash flow and all the rest,” Vertical Research Partners analyst Robert Stallard said. Calhoun said last week that Boeing will not revise current plans to increase MAX production this summer. However, the company has slowed 737 MAX deliveries, and the resulting delivery delay will remove approximately 9,000 seats from airlines’ summer schedules.

☆ Opinion | Could Peer Influence Be a Cause of the Global Baby Bust?
▼ + stars: | 2023-04-21 | by ( Peter Coy | ) www.nytimes.com time to read: +3 min

I read several papers on peer effects on fertility with Angrist’s caveats in mind. Those factors made the classmates more likely to become pregnant, which in turn influenced the fertility outcomes of the girls being studied. Less-educated women were less likely to have a baby when a colleague of the same education level had one. The negative peer effect for less-educated women “could come from a desire to distinguish oneself from one’s peers,” among other factors, they speculated. The research “provides support for the role of social norms in the fertility choices of reproductive-aged Chinese women,” they wrote.

☆ Strategas CEO Jason Trennert explains what could push the S&P lower in 2023
▼ + stars: | 2023-04-10 | 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 EmailStrategas CEO Jason Trennert explains what could push the S&P lower in 2023Jason Trennert, Chairman and CEO of Strategas Research Partners, joins 'Squawk Box" to share his thoughts on the economy, and what lies ahead for the markets.

☆ Walmart is rolling out a new perk to its $98 annual Walmart+ membership — early access to a new Oreo flavor
▼ + stars: | 2023-03-29 | by ( Ben Tobin | ) www.businessinsider.com time to read: +2 min

Oreo unveiled a new flavor, the Blackout Cake cookie, this week that will hit shelves on April 3. Walmart+ members will get to try the cookie starting today, per a Walmart merchandising director. Oreo unveiled Tuesday the Oreo Blackout Cake cookie, a new limited-edition flavor that will hit shelves nationwide next week. "We've teamed up with Mondelez to give you exclusive early access to the new Oreo flavor, Blackout Cake! Walmart does not publicly disclose how many members Walmart+ has.

☆ How GSK plans to replenish its depleted medicine cabinet
▼ + stars: | 2023-03-15 | by ( Maggie Fick | ) www.reuters.com time to read: +6 min

GSK has since suffered a series of clinical trial setbacks in its cancer drugs portfolio, most recently last year involving ovarian cancer drug Zejula and blood cancer drug Blenrep. BLOCKBUSTER POTENTIALAnalysts say that despite a string of strong quarterly earnings, lingering concerns over the company's drug pipeline reflect in GSK's share price. The investor said he does not see enough GSK drugs, either on the market or in development, with potential to be a so-called "blockbusters" with annual sales exceeding $1 billion. But Wood said the overhauled R&D department has put GSK in a strong position to meet growth targets. U.S. regulatory approval on GSK's vaccine, and a rival vaccine developed by Pfizer, is expected in May.

☆ Here's why the Fed should pause rate hikes
▼ + stars: | 2023-03-14 | 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 EmailHere's why the Fed should pause rate hikesSMBC Nikko Securities America's Joe Lavorgna, Dana Peterson, chief economist at The Conference Board, and Jason Trennert, Strategas Research Partners chairman and CEO, join 'Squawk Box' to discuss the February CPI data and upcoming Fed announcement.

☆ We are going to have a recession: Strategas' Jason Trennert
▼ + stars: | 2023-03-06 | 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 EmailWe are going to have a recession: Strategas' Jason TrennertJason Trennert, Strategas Research Partners chairman and CEO, joins 'Squawk Box' to discuss his thoughts on the economy, whether the markets are in a new bull phase, and more.

☆ U.S. investigating Elon Musk's Neuralink over hazardous pathogens
▼ + stars: | 2023-02-09 | by ( Rachael Levy | Thomson Reuters | Award-Winning Journalist Covering Corporate Governance. Her Reporting Has Prompted Federal Investigations | ) www.reuters.com time to read: +5 min

Feb 9 (Reuters) - The U.S. Department of Transportation said on Thursday it is investigating Elon Musk's brain-implant company Neuralink over the potentially illegal movement of hazardous pathogens. The Department of Transportation spokesperson said the agency took PCRM's allegations "very seriously." Reuters reviewed the UC Davis records cited by PCRM in its letter. Neuralink messages and records not shared with UC Davis are not subject to such information requests. A UC Davis spokesperson would only say that the university abides by all biohazard and lab safety regulations.

☆ Elon Musk's Neuralink may have illegally transported pathogens, animal advocates say
▼ + stars: | 2023-02-09 | by ( Rachael Levy | Thomson Reuters | Award-Winning Journalist Covering Corporate Governance. Her Reporting Has Prompted Federal Investigations | ) www.reuters.com time to read: +5 min

Reuters reviewed the UC Davis records cited by PCRM in its letter. PCRM obtained the records from UC Davis through public information requests. Neuralink messages and records not shared with UC Davis are not subject to such information requests. A UC Davis spokesperson would only say that the university abides by all biohazard and lab safety regulations. During its partnership with UC Davis, Neuralink grew frustrated with what it regarded as the slow pace of testing on primates, current and former company employees told Reuters, and has since built out extensive in-house animal testing facilities.

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