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☆ Any combination of the Treasury Secretary candidates is the A team, says Galaxy's Novogratz
▼ + stars: | 2024-11-21 | 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 EmailAny combination of the Treasury Secretary candidates is the A team, says Galaxy's NovogratzMichael Novogratz, Galaxy founder and CEO, joins 'Squawk Box' to discuss the progression of gold to Bitcoin, the chief executive's thoughts on Trump's nomination for Treasury Secretary, and much more.

Persons: Galaxy's Novogratz Michael Novogratz Organizations: Galaxy

☆ Asian chip stocks slump as Nvidia's slowing revenue growth worries investors
▼ + stars: | 2024-11-21 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

Justin Sullivan | Getty ImagesAsian semiconductor-related stocks mostly slumped on Thursday after Nvidia reported an earnings forecast that failed to meet the lofty expectations of some investors. The sentiment has spilled over to Asia, with stocks tied to Nvidia suppliers as well as other chip companies mostly falling. Selloff in AsiaSemiconductor testing equipment supplier Advantest , which counts Nvidia among its clients, dropped as much as 5.6% on Thursday, the largest chip loser on Japan's benchmark Nikkei 225. Taiwan Semiconductor Manufacturing Corp , which manufacturers Nvidia's high-performance graphics processing units, slipped as much as 1.5%. The company has been a key supplier to Nvidia and is building the world's largest manufacturing facility in Mexico for assembling Nvidia's GB200 superchips, a key component of its next-generation Blackwell family computing platform.

Persons: Justin Sullivan, Daniel Newman, CNBC's Organizations: Getty, Nvidia, Futurum, Asia Semiconductor, Nikkei, Advantest Corp, Softbank Group, Taiwan Semiconductor Manufacturing Corp, Hai Precision Industry, Blackwell, SK Hynix, Samsung Electronics Locations: Santa Clara , California, Asia, Selloff, Mexico, South Korea

☆ Fed needs to think of the slow rate of layoffs when thinking about rate cuts: Brean Capital's Ryding
▼ + stars: | 2024-11-21 | 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 EmailFed needs to think of the slow rate of layoffs when thinking about rate cuts: Brean Capital's RydingJohn Ryding, Brean Capital chief economic advisor, joins 'Squawk Box' to discuss the latest economic data to cross the tape, consumers that are hesitant to spend money, and what to expect from the Federal Reserve going forward.

Persons: John Ryding Organizations: Fed, Brean, Federal Reserve

☆ Nvidia's earnings are still exceptionally strong, says Bank of America's Vivek Arya
▼ + stars: | 2024-11-21 | 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 EmailNvidia's earnings are still exceptionally strong, says Bank of America's Vivek AryaVivek Arya, Bank of America Securities senior semiconductors analyst, joins 'Squawk Box' to discuss Arya's thoughts on Nvidia's earnings results, where the disappointment is in the stock, and the analyst's thoughts on the company's Blackwell chip.

Persons: America's Vivek Arya Vivek Arya, Blackwell Organizations: America's, Bank of America Securities

☆ NHL great Wayne Gretzky says Alex Ovechkin has been 'exceptional' for hockey as he nears goals record
▼ + stars: | 2024-11-21 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

"Alex has been exceptional for our game," Gretzky said on CNBC's " Squawk Box " on Thursday. As Washington Capitals star Alex Ovechkin closes in on Wayne Gretzky's all-time goals record, the Great One told CNBC he has nothing but admiration for the player who could soon dethrone him. Thirty-five years later, Ovechkin is closing in on breaking Gretzky's record of 894 goals, with 26 more to go. Gretzky told CNBC that at the time he broke Howe's all-time scoring record, he felt embarrassed to end his idol's milestone. Gretzky played 20 seasons in the National Hockey League for four different teams.

Persons: Gretzky, Alex, Alex Ovechkin, Wayne Gretzky's, dethrone, Ovechkin, Sidney Crosby, Gordie Howe's, Howe's, Gretzky's, Bettman Organizations: CNBC, NHL, Washington Capitals, One, Capitals, National Hockey League, Stanley, YardRink Locations: Wayne, Massachusetts

☆ Trump needs to make Treasury Secretary decision very quickly, says Punchbowl News' Jake Sherman
▼ + stars: | 2024-11-21 | 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 EmailTrump needs to make Treasury Secretary decision very quickly, says Punchbowl News' Jake ShermanJake Sherman, Punchbowl News co-founder, joins 'Squawk Box' to discuss the Trump administration's pick for Treasury Secretary, some of the controversial figures in the Trump cabinet, and much more.

Persons: Jake Sherman Jake Sherman Organizations: Email Trump, Punchbowl, Punchbowl News, Trump, Treasury

☆ Target's value message is not as strong as Walmart's, hence divergence, says BCI Brands' Chirico
▼ + stars: | 2024-11-21 | 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 EmailTarget's value message is not as strong as Walmart's, hence divergence, says BCI Brands' ChiricoManny Chirico, BCI Brands chairman and former PVH chairman and CEO, joins 'Squawk Box' to discuss the current state of retail following Walmart and Targets's earnings, if the holiday season will positively impact these companies, and much more.

Persons: Chirico Manny Chirico Organizations: BCI Brands, Walmart

☆ CNBC Sport: The next big media rights deal isn't in the U.S.
▼ + stars: | 2024-11-21 | by ( Alex Sherman | In Alex-Sherman | ) www.cnbc.com time to read: +17 min

In my inaugural CNBC Sport newsletter , I said the major American sports leagues have their media rights deals locked up for years to come. The NHL's Canadian media rights deal will end after next season. The company has said it intends to bid again for the Canadian media rights. In my inaugural CNBC Sport newsletter, I said the major American sports leagues have their media rights deals locked up for years to come. The NHL's Canadian media rights deal will end after next season.

Persons: Alex Sherman, Rogers, Gary Bettman, Amazon's, James Gay, Rees, Paul Martin –, Wayne Gretzky, Amanda Serrano, Nakisa Bidarian, Jake Paul, Mike Tyson, Katie Taylor, Taylor, Serrano, Tyson, Paul –, Amanda, Katie, Mike, Jake, Bidarian, Amanda's, hasn't, I'm, CNBC's Jake Piazza, Lillian Rizzo, Tiger Woods, Rory Mclroy, Mike McCarley, Steve Cohen's, Eli Manning, Derek Jeter, Michael Strahan, John McEnroe, Jimmy Fallon, Rickie Fowler, Xander Schauffele, Matt Fitzpatrick, Cameron Young, CNBC's Jess Golden, Dan Gilbert, Turner, John Tesh, LeBron James, Maverick Carter, Fulwell, Ben Winston, They'll, Peacock, CNBC's Dominic Chu, Mollie Marcoux Samaan, Marvel Entertainment Rob Steffens, Wanda Diamond, LOVB, LOVB Pro's, Michele Kang, Kang, Rob Manfred, That's, Manfred, Tomas Hertl, Thatcher Demko, Derek Cain Organizations: CNBC, CNBC Sport, Rogers Communications, NHL, National Basketball Association, National Football League, Rogers, Amazon Prime, Netflix, NFL, Amazon, Buffalo Bills, Kansas City Chiefs, CBS, Patriots, Sports Business, Golf Channel, Mike McCarley . New York Mets, Private Ventures, New, New York, WNBA, NBA's Cleveland Cavaliers, NBA, Warner Bros, Discovery, Turner Sports, U.S, ESPN, ABC, NBC, NBC Sports, SpringHill, Comcast, USA, English Premier League, NASCAR, WWE, Olympics, Marvel Entertainment, American Hockey League, Wanda Diamond League, Atwater Capital, U.S . Soccer, MLB, The Athletic, Professional Fighters League, Dubai Department of Economy, Tourism, Dubai Sports Council, PFL, San Jose Sharks, Vancouver Canucks, Rogers Arena, Sports, Reuters Locations: —, Canada, Canadian, U.S, Amazon, Europe, Salt Lake City , Utah, Mike McCarley ., Cleveland, Northeast Ohio, Atlanta , Austin, Houston, Madison, Omaha, Salt, Dubai

☆ Nvidia's quarter was a 'spike the ball in the endzone' performance, says Constellation's Ray Wang
▼ + stars: | 2024-11-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia's quarter was a 'spike the ball in the endzone' performance, says Constellation's Ray WangRay Wang, Constellation Research founder, chairman and principal analyst, joins 'Squawk Box' to discuss the decline in Nvidia's stock price post-earnings, Wang's investment thesis on the stock, and much more.

Persons: Constellation's Ray Wang Ray Wang Organizations: Constellation Research

☆ Box CEO Aaron Levie, who voted for Kamala Harris, explains why more Democrats should embrace Elon Musk
▼ + stars: | 2024-11-21 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +6 min

AdvertisementBox CEO Aaron Levie said Democrats should embrace Elon Musk. Levie, who supported Kamala Harris, said he thinks Musk is uniquely qualified to support innovation. In an interview with Business Insider, Levie explained why he thinks Democrats should make an effort to embrace Musk, and how he thinks it would benefit American innovation. Levie supported Vice President Kamala Harris for president, donating to her campaign as well as President Joe Biden's before he dropped out of the race. He said he thinks Musk would be uniquely able to identify things that get in the way of progress in those areas.

Persons: Aaron Levie, Elon Musk, Kamala Harris, Levie, Joe Biden's, didn't, Donald Trump, Musk, Hillary Clinton, Joe Biden, Biden, Tesla, EVs, he'd, Sen, Chris Coons, " Coons, Coons, Pete Buttigieg, Helene, Buttigieg, Vivek Ramaswamy, Ramaswamy, Musk's Organizations: Democratic, Business, Democratic Party, Republicans, SpaceX, Twitter, White, Ford, GM, Tesla, EVs, Republican, Fox, Department of Government Efficiency, Transportation, Elon, Politico, Department of Government, Department of Defense Locations: Delaware

☆ Why the cost of Thanksgiving dinner shows the weird state of inflation
▼ + stars: | 2024-11-21 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

AdvertisementThe cost of Thanksgiving dinner has fallen for the second year in a row. It shows how shoppers are still facing high prices, even if inflation has slowed down this year. The cost of a traditional Thanksgiving dinner has fallen for the second year in a row. A Thanksgiving meal for 10 people will cost $58.08 on average this year, according to a survey of grocery store prices from the American Farm Bureau Federation. AdvertisementThis year, some retailers are selling bundles of Thanksgiving meal items while advertising them as affordable.

Persons: Zippy Duvall, Bernt Nelson, —, Donald Trump's Organizations: American Farm Bureau Federation, Walmart, Discount, Aldi Locations: Puerto Rico

☆ Commentary on Nvidia's earnings call saved stock from falling further, says Dan Niles
▼ + stars: | 2024-11-21 | 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 EmailCommentary on Nvidia's earnings call saved stock from falling further, says Dan NilesDan Niles, Niles Investment Management founder and portfolio manager, joins 'Squawk Box' to discuss what to make of Nvidia's quarterly earnings results, the idea that Nvidia missed on their earnings results, and much more.

Persons: Dan Niles Dan Niles Organizations: Niles Investment Management, Nvidia

☆ Wayne Gretzky on Alex Ovechkin approaching the all-time goal record
▼ + stars: | 2024-11-21 | 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 EmailWayne Gretzky on Alex Ovechkin approaching the all-time goal recordWayne Gretzky, 4-time Stanley Cup champion, joins 'Squawk Box' to discuss Alex Ovechkin's approach to Gretzky's goal-scoring record, the all-time goal scoring leader's thoughts on his spate of records, and much more.

Persons: Wayne Gretzky, Alex Ovechkin, Alex Ovechkin's Organizations: Stanley

☆ Sen. Cynthia Lummis: There's an appetite to do a statutory framework for digital assets
▼ + stars: | 2024-11-21 | 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 EmailSen. Cynthia Lummis: There's an appetite to do a statutory framework for digital assetsSen. Cynthia Lummis (R-Wyo.) joins 'Squawk Box' to discuss the policy that would justify the recent moves in cryptocurrency prices, the idea of a Bitcoin reserve, and much more.

Persons: Email Sen, Cynthia Lummis, Sen Organizations: Email

☆ Wisconsin kayaker accused of faking his own drowning is alive in Europe, officials say. Investigators are begging him to return home
▼ + stars: | 2024-11-21 | by ( Elizabeth Wolfe | ) edition.cnn.com time to read: +6 min

CNN —Ryan Borgwardt, a Wisconsin kayaker accused of faking his own drowning and fleeing the country, is alive somewhere in Eastern Europe and has been talking to investigators, officials said. “Great news: we know that he’s alive and well,” Green Lake County Sheriff’s Office Chief Deputy Matthew L. Vande Kolk said Thursday. Borgwardt told investigators that he thought they would stop searching for him after about two weeks, officials said. He chose Green Lake, in part, because it is the deepest natural lake in Wisconsin. The FBI, Department of Homeland Security and the Wisconsin Department of Criminal Investigations are assisting investigators, Vande Kolk said.

Persons: CNN — Ryan Borgwardt, it’s, “, Matthew L, Vande Kolk, Ryan, Borgwardt, ” Borgwardt, Green Lake Sheriff Mark Podoll, Vande, ”, ” Vande Kolk, Kolk, Borgwardt’s, Podoll, Keith Cormican, Bruce’s, ” Cormican, …, Amanda Musa Organizations: CNN, Sheriff’s, Canada, Green Lake Sheriff, FBI, Department of Homeland Security, Wisconsin Department of Criminal Investigations Locations: Wisconsin, Eastern Europe, Lake, Green, Watertown , Wisconsin, Europe, Madison, Detroit, Uzbekistan, Canada

Big retailers’ fortunes are diverging as the holiday shopping season gets underway. On Wednesday, Target cited “lingering softness in discretionary categories” as a top factor in its disappointing third-quarter sales, as many budget-conscious shoppers continue to focus on necessities. It’s the latest sign that discounts will be the driving force this holiday season, as they’ve been for much of this year. “We’re starting to get back to normal here.”U.S. retail sales rose 0.4% overall in October, federal data showed last month, beating analysts’ forecasts. In the meantime, the steady expansion of e-commerce looks set to continue this holiday season.

Persons: ”, Brad Thomas, they’ve, TJ Maxx, John David Rainey, “ We’re, “ They’re, they’re, ” Thomas, Matthew Shay, TransUnion, Neil Saunders, Saunders, Helene, Milton, who’ve, ” Saunders Organizations: Target, Walmart, KeyBanc, Marshalls, CNBC, “, National Retail Federation, GlobalData, NBC

Target reported earnings Wednesday that came in far below Wall Street's expectations, something the big-box retailer attributed to slower-than-expected demand. The company announced profits that missed forecasts by 20%, its widest miss in two years. Broader stock trading did not immediately react, however, as Wall Street awaits earnings from chipmaker Nvidia, which has helped power the market higher throughout the year. Target's report comes a day after rival Walmart reported earnings and revenues that beat expectations. “We’re expecting this holiday period to be very consistent with that,” Walmart Chief Financial Officer John David Rainey told CNBC.

Persons: Brian Cornell, Michael Fiddelke, “ We’re, John David Rainey, “ They’re Organizations: Target, Nvidia, Walmart, CNBC

Of course, these basic rules of political decorum are ones Donald Trump has rarely followed. He’s been accumulating political capital, and his victory only gives him an opening to accumulate more ... if he chooses to. On some level, I accept the notion that one person’s revenge is another person’s “reform,” so I’m sure Trump could argue he’s appointing reformists. What will ultimately matter is whether these folks can govern like reformers or end up simply as conduits for Trump’s revenge. Here’s the political problem Trump is creating for himself: He’s taking full ownership of the entire bureaucracy now.

Persons: Donald Trump, He’s, Trump, acquiesce, Matt Gaetz, Pete Hegseth, Robert F, Kennedy Jr, Tulsi Gabbard, let’s, Nancy Mace's, Hegseth, “, wasn’t, Harris, Joe Biden, Biden, I’ve, didn’t, Barack, Biden’s Organizations: —, Justice Department, Fox, Defense Department, Department of Health, Human Services, GOP, Pentagon, “ DEI, Biden, Democratic, Trump Locations: Russia, Oklahoma, Afghanistan, overreach

It's the second mattress from bed-in-a-box brand Tuft & Needle, which now has four mattresses in total (including a hybrid version of the Mint Mattress). Connie Chen/Business InsiderThe Mint mattress is an upgrade from the company's Original Mattress, a 10-inch, medium-firm mattress. You can check out our Tuft & Needle Original Mattress review for our full thoughts, but it's a basic and comfortable mattress at a cheaper price point. We also have guides for specific needs, including the best cooling mattress, the best mattress for side sleepers, the best foam mattress, the best hybrid mattress, and the best mattress for back pain. If you're set on a Tuft & Needle mattress, you may also consider looking at our Tuft & Needle Original Mattress review for a cheaper option from the company.

Persons: Connie Chen, you'll, I've, I'm, it's Organizations: Business, Greenguard

☆ Comcast's cable spinoff is 'actually a good idea', says former NBC cable president
▼ + stars: | 2024-11-20 | 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 EmailComcast's cable spinoff is 'actually a good idea', says former NBC cable presidentTom Rogers, Oorbit Gaming executive chairman and former NBC Cable president, joins 'Squawk Box' to discuss Rogers' thoughts on Comcast's decision to spinoff cable channels, how Comcast was able to pull this off first, and much more.

Persons: Tom Rogers, Rogers Organizations: NBC, Oorbit Gaming, NBC Cable, Comcast

☆ Jim Cramer looks at Target earnings, says consumers are loyal to value and not brands
▼ + stars: | 2024-11-20 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Wednesday said consumers right now aren't focused on brand names, but on companies that can provide the most value. The big box retailer cut its full-year guidance, and management said it saw weakness in discretionary products despite price cuts. Although the two retailers offer similar products, Cramer said Walmart is simply more affordable. He also named other discount outfits that are seeing success despite a tough consumer landscape, including Costco , TJX , Chili's-parent Brinker and Texas Roadhouse . On Wall Street, this focus on value extends beyond consumer companies and to sectors like tech, Cramer added.

Persons: CNBC's Jim Cramer, we're, " Cramer, Cramer, Brinker, Microsoft — Organizations: Target, Walmart, Costco, Texas, Nvidia, Google, Oracle, Microsoft

☆ NHL Commissioner Bettman: There's nothing more valuable than sports content
▼ + stars: | 2024-11-20 | 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 EmailNHL Commissioner Bettman: There's nothing more valuable than sports contentGary Bettman, NHL commissioner, joins 'Squawk Box' to discuss how valuable sports content is, the league's media deal in Canada, and much more.

Persons: Bettman, Gary Bettman Organizations: NHL Locations: Canada

☆ Target's quarter was worse than expected by a wide margin, says Melius Research's Karen Short
▼ + stars: | 2024-11-20 | 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 EmailTarget's quarter was worse than expected by a wide margin, says Melius Research's Karen ShortKaren Short, Melius Research retail analyst, joins 'Squawk Box' to discuss what Target's executives are saying about earnings, positive things in the company's quarter, and much more.

Persons: Melius Research's Karen Short Karen Short Organizations: Melius Research

☆ Comcast’s cable networks spinoff raises questions about future of the TV business
▼ + stars: | 2024-11-20 | by ( Brian Stelter | ) edition.cnn.com time to read: +5 min

On Wednesday morning, the media giant confirmed that it is spinning off most of its cable channels, including MSNBC and CNBC, into a separate publicly traded company. The new company doesn’t have a formal name yet — Comcast is simplycalling it “SpinCo” — a suitable label since employees’ heads are spinning with questions. Discovery, spin off their cable channels too? How might the cable bundle business model be impacted? “This is a very clear, direct statement by Comcast” that “they are exiting the cable network business,” Greenfield said.

Persons: Mike Cavanagh, NBCUniversal, Tom Rogers, Rogers, “ it’s, ”, ” Rogers, Rich Greenfield, ” Greenfield, ’ It’s, Mark Lazarus, Lazarus, “, Joe Kernen, Greenfield’s, Greenfield, Matt Stoller, Hugh Johnston, “ SpinCo Organizations: New, New York CNN, Comcast, MSNBC, CNBC, Walt Disney Company, Warner Bros, NBC Cable, Lightshed Partners, Paramount, USA Network, SYFY, Golf, Rotten, NBC, American Economic Liberties, Disney, ” Fox Corp Locations: New York

☆ DJT's trading is a very strange situation, says Semafor's Liz Hoffman
▼ + stars: | 2024-11-20 | 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 EmailDJT's trading is a very strange situation, says Semafor's Liz HoffmanLiz Hoffman, Semafor business and finance editor, joins 'Squawk Box' to discuss the current discussions for Treasury Secretary, the implications for Apollo Global if Marc Rowan were tapped for Treasury Secretary, and much more.

Persons: Liz Hoffman Liz Hoffman, Marc Rowan Organizations: Apollo, Treasury

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