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CNBC
May 17, 2013 9:00am EDT
status. this is what russell george said. the irs used inappropriate criteria that identified for review tea party and other organizations applying for tax exempt at the status based upon their names or policy politicians instead of indications of potential political campaign intervention. this says that they were targeting groups op purpose and not comparing other liberal groups to the same scrutiny. we have not been given anned a vns copy of the texts, but we can expect that the members of congress are going to be extremely tough in the criticism of him and the questioning of him. one of the key questions in all of this is who exactly approved this tea party scrutiny? it is not clear from the inspector general's report, and another question that the lawmakers will be going after is when did the treasury department become aware of this problem, and when in fact did people at the white house become aware of the problem, and those are two questions that will be answered today. >> thank you, eamon. jim, any impact on the broader a markets on psychology, on the ability of washington
CNBC
Sep 26, 2016 9:00am EDT
the trump campaign may be hoping to emulate is 2000 when al gore faced off against george w. bush. you had a country that was at peace, that was reasonably prosperous. al gore was steeped in policy, long federal career both in the congress as well as eight years as vice president. he clearly knew more about federal issues than george w. bush. but the dominant impression that emerged from that encounter was that al gore was a little overbearing, a little condescending and george bush was more likable. that clearly eroded some of the advantage that al gore had reaped from his successionful conventi convention. and of course it was very tight. gore won the popular vote, did not become president. >> so your point tonight is less about policy and more about just measuring a candidate personally? >> well, i think voters take the measure of who's a potential president. so i think jim has part of it, which is what's your demeanor, what's your bearing. the pugnacious donald trump has not played well with a crowd of voters that he needs, college-educated white women, college-educated whites
CNBC
Aug 20, 2009 9:00am EDT
insight, donald lindsey, george washington university endowment chief investment officer. thanks for joining us. are endowments like yours and others over-committed to private equity. >> i think there is a systemic over-commitment through the system. i think it's a result basically of institutions getting hooked on above-market returns and also the institution used to getting a lot of gifts in from donors. and people forgot about liquidity. so it's a temporary slow-down but not a retreat. i think the lack of liquidity reads crisis proportions at the end of last year. and now institutions have a situation where they're not getting the exit strategies and they're not getting the gifts in the door, so they have to rethink temporarily what they're going to do. but i don't see this as a permanent retreat. >> you don't see it as permanent retreat, yet i have heard stories of endowments that essentially sold their commitments at steep discounts or simply been unable or perhaps unable to meet their commitment when the funding is asked for by these private equity firms. >> you have two things
CNBC
Jul 31, 2013 9:00am EDT
industry collapsing under its own west and seen the george lucas and the steven spielberg's saying that the whole tent model is not sustainable, and do you see the crack there. >> yes, and that is why you brought up steven sodderberg, and he pledged $10,000 and he is no longer work ing ing in the fe films and working cable television to be honest, most of the stuff is on cable these days. >> yes. >> and this is so interesting when dan nun goes up to danny aiello and says, i need two slice slices. >> extra cheese. >> thank you for coming in, spike lee. >> thank you, everyone. >> and check him out on kicksta kickstarter to get to the $1.2 million. >> simon. >> in the meantime, when apple and google are competing, we will talk to the ceo of the iphone to take a look at the smartphone industry. >>> welcome back to "squawk on the street." i'm bertha coombs, and bearish number coming in on the inventories after four weeks of decline we saw a slight build of crude supplies up 430,000. we also saw an inkrecrease in ts of the gasoline of 770,000 barrel barrels. however, there's one bit of a silv
CNBC
Dec 28, 2016 9:00am EST
terms of the transition and his commitment to making as smooth as possible the same way george w. bush's administration did for president obama, something he's pointed out a number of times. you know, the abstention to the u.n. vote on israel obviously trump disagreed with that. but unclear. >> you had the action in banning drilling in alaska. >> right. >> so sort of the attempts made to sort of put final flags in the ground by the obama administration saying these are certain principles we'd like to leave off. >> they're right. he is still the president. >> sure. >> and trump has been more outspoken than has been typical, i believe, of most incoming presidents. >> but if we step back from the latest developments of the last week or so, i think for most people the transition's been smoother than you would have expected on sort of the eve of election had a trump victory materialized. so in that sense we have to put it in perspective. >> brian, is that a risk for investors here, a not, exclamation point, smooth transition between obama and trump? >> i'm not actually really all that
CNBC
Nov 27, 2015 9:00am EST
kimmitt. >>> coming up, the retail sales who need a strong holiday. bill george weiing in on the retailers in the hot seat and twhoes are the rising stars. that's all coming up in "squawk on the street." not a particularly good day for media. this because of disney's 10k. now, we had barton crockett on, an analyst last hour who said, people knew this. we knew where the numbers were. nielsen numbers. nonetheless the market does seem to be reacting to that number, down $7 million as it is from a couple of years back, carl. >> meantime black friday has become one of the biggest sales seasons of the year for the auto industry. our own phil lebeau is live at a dealership in suburban chicago as who is profiting the most. hey, phil. >> hi, carl. who ice profiting. clearly the automakers. we're looking at a sales rate that could top $18 million for a third straight month. we went to a number of dealerships over the last several days, talked about what they're excelling, what they're sealing. almost all of them expected it to be rather brisk business over the next couple of days, taking a
CNBC
Jun 23, 2014 9:00am EDT
witching. see if we get that amped up. for a closer look at markets, george walker, ceo of asset management firm, ringing the opening bell this morning. welcome. great to see you. >> thank you. great to be here. >> are you confounded by the activity or lack of certain types of activity this year? >> certainly the volatility numbers are remarkably low, unsustainable. nobody will be surprised when it rises over time. compete's improving, improving slowly, steadily. and i think there's good reason markets have behaved the way that they have over the year. >> do you think what's happening with corporate earnings? we did get a good number from fedex, the unofficial start to earnings seasons. everyone looks to alcoa. expecting a positive quarter to drive continued bull runs in the stock market? >> we do think companies are in a good position. we think that their balance sheets are strong. m&a activity is reasonable. earnings are solid. we expect earnings to continue to grow. we don't necessarily expect the same sorts of multiple expansion to drive the market as it really has over the p
CNBC
Sep 5, 2013 9:00am EDT
. >>> let's return now to the smartwatch wars and bring in venture capitalist george zachary. he's a partner at charles who has invested in the smartwatch company, if you remember that. joining us, lance, editor and chief who also has his hands on the new samsung galaxy gear. lance, what did you make of it? what do you make of it? >> so i think it's kind of exciting. wearable technology is the future. it's always exciting to see new products in this space. this is definitely state-of-the-art for smartwatches. here's the thing about smartwatches. it's not a new concept. they've been trying to do this for years. right? they've been trying to get people excited about this. and, you know, there's usually stumbling blocks. one of the stumbling blocks might be that it has to be connected to your phone all the time. reality is everybody has a phone in their pocket. they don't always want to take it out. so now you have a phone, a watch, with enough smarts and intelligence to keep you connected to that device all the time. but also provide some extra value like a camera, like the ability to speak to
CNBC
Jun 14, 2012 9:00am EDT
should investors tackle this is markets? joining us is george young. he joins us from new orleans. good morning to you. >> good morning. how are you doing? >> i'm good. i know you think the market is cheap, it's not a place to gab up but to invest, geffen what we're handed this week, is there any directional trade ahead of the events in europe this weekend? >> sure. three stocks we think are very important. we're not really worried about what happens in europe. so specifically if you want a good stock, you want to buy something like flour, bread, bakers, names you know, sunbeam, nature zone. it's going to grow 10% per year through acquisitions and good management. we think that's a great stock. >> you like pool corp, which make swimming pool supplies, you think the average pool in this country needs to be replastered every seven years, and 3-d systems, a play on 3-d printing, but overall, your world view in terms of equities and how next week may or may not be different? >> sunday is a big event, but there's news today that credit agri-comay just walk away. you have comments from
CNBC
Jan 8, 2010 9:00am EST
ford. george magliano, from automated research at insight. let's start with you, david. ford, obviously a good '09. everyone has patted them on the back so much they probably have bruises about how they didn't need government assistance. the question is from this point can they deliver? do they have the real rnd and goods to keep it at that level. >> i don't think we'll see another 330% return, but i do think that ford is one of the best-positioned automakers. i think it has the most room for growth want only in the united states, but also in the middle east and china and india. it's such a small player in china that the growth potential gives ford a good name. >> so they -- i mean, they're -- how do they do? you said they have a very small presence in china. does that -- is that also for the rest of asia? >> they are the largest non-indian auto manufacturer in india. so gm is taking their futures on the our china. ford is staking their future on india, so any growth they can get in china is a plus on top of what they get. >> wow! what if it becomes more restrictive? >> where
CNBC
Apr 27, 2016 9:00am EDT
terms of voters this year the most dovish taking that title away from fed governor brainard. george out and mester out a little bit. show you in a second here 4.7. go to the next chart, fomc 4.7 just on the dovish side of neutral about where it was when we asked this question in december but slightly more hawkish than voters in 2015. the governors three more dovish than the presidents. and then you can see the most dovish is kansas city fed president george most dovish yellen 2.9. one comment we got lynn reaser, their speeches and remarks since december indicate a possible widening on views monetary policy. they do vote together in every meeting, simon. >> yes, in a word do you think they'll make a statement after the conference? >> i think not. i think the markets should be prepared for possible somewhat guidance on saying, look, rate hikes are still alive but they're not nigh. >> at least you get to stay in jersey today, steve. >> yeah. >> nice to see you. steve liesman there as we anticipate the fed. meantime shares of twitter plunging as revenue misses estimate and guidance again a
CNBC
Feb 1, 2010 9:00am EST
controls. george gyro over at rbc saying that's helping them boost a little bit, definitely the outperformers last month. their etf saw record inflows. back over to mark at the nyse. >> oracle one of the biggest players is on a hiring spree. the company planning to add employees following its acquisition of sun micro systems. "squawk on the street"'s daily jobs report today is heading west and landing in the lap of jim "giga byte" goldman. james? >> good morning you to. when oracle acquired sun the news was expected to be dire. if oracle persisted on its slash and burn strategy of buying a property and then obliterating the payroll once the deal was done, it looked very much indeed like this would be a, well, total eclipse of the sun. not so. just a few weeks ago ubs's analyst surmised the deal when closed would cost sun a staggering 14,000 jobs or just about half of its 28,000-person work force. it's true that late last year sun did layoff 3,000 workers and just last week when the deal did close with oracle there were indications that another thousand workers would be cut. but
CNBC
Dec 9, 2009 9:00am EST
first where the finance minister whose first name is george said, we do have a credibility issue. as it becomes clear the deficit is coming down that spending is reined in and taxation receipts are going up, then confidence will return. over in japan, which i've spoken about a number of times, nobody thinks there is a risk of sovereign default any time soon in japan but the numbers are a bit frightening. the fiscal situation in japan is serious says the finance minister. if we over issue government bonds there will be a loss of confidence. there is that word again "confidence." finally, in ireland, finance minister saying it's going to be a very difficult budget but it's the last of the very difficult budgets. it's important the public understand this if we take the medicine now we will bring this economy out of its difficulties. take a look at what the credit default swaps of various sovereigns have been doing. portugal, spain, italy, greece, some feel here as to some of the sovereigns people are talking about. you can see where they peaked early this year of course. remember march.
CNBC
Mar 30, 2017 9:00am EDT
course referencing that famous quote from george w. bush who said read my lips, no new taxes. they did raise taxes, he lost the election. the russian president did not stop there. >> translator: we find the groundless allegations and accusations of alleged interference, we have been talking cyber security. but do you know that us long ago proposed to the american side that an agreement should be elaborated and signed -- financial agreement on cyber security. it was our proposal the americans rejected. turned it down. why? probably because they just benefited from accusing us to match their political cycles. >> hmm. i'll tell you, it's funny, had he quoted the correct president, it would have been trust but verify. >> that would have been a ronald reagan line, that's right. >> it's funny to watch a conference that comes from the old archangel, where we gave the russians all the material they needed, the two ton trucks but they sacrificed 28 million people, so they had skin in the game so to speak. our relationship with russia deteriorating and maybe this pulls it back a little. >> yeah.
CNBC
Aug 26, 2016 9:00am EDT
said, we're going to be looking for color and character here. after bullard today, george today, kaplan, dudley, does she back up any of this notion that september, december is live so to speak? >> i think the betting is she will definitely echo the sense that the economy has come a long way, you can't declare victory but we are close to our goals, but i think the punch line that comes after that is what's not really known. in other words does that mean your pea in a hurry -- mean you're in a hurry to get to the next rate increase or where there's this period that there isn't much urgency to get there. the markets are in a neutral going into this. she's hawkish and the dollar surge but everything is right in the middle of its range. >> why there's so much anticipation because it's been such a cat la list-free, directionless kind of market in light trading there's a lot of hype around the speech and when you go through the economist notes they say, don't expect any meaningful details in terms of when the fed is going to hike interest rates. the best guesses come unbalanced. balan
CNBC
Jul 16, 2009 9:00am EDT
purposes, go back to the first gulf war of 1990 in which margaret thatcher said to mr. george herbert walker bush, don't go wobbly on my, george, when she felt that he was not prepared to pursue a war of saddam after he invaded and brutally treated people of kuwait. this was not a war, but this was an emergency situation. your threat is admitted. your threat was because you felt that there were clearly disaster if they went -- if they didn't go forward with it. after i -- one more thing i'd like to ask you to elaborate on that and how mr. cuomo came to give us the line he did. as i understand is had the mac clause been completely valid, had ken lewis renegotiated, had they agreed to new terms or to auto break-up, isn't it through that, in fact, we would have had a long period of time well noticed wsh statutory notice for stockholders and then a stockholder vote occurred? >> yes, there is -- if there had been a renegotiation, there would have been an extended period and there would have been a revote is my understanding. >> and isn't it that which is at the center of you why you issued
CNBC
Aug 31, 2016 9:00am EDT
goodfriend and cnbc contributor former political director to president george w. bush sara feigen. gom to you both. >> good morning. >> clearly the wall and this question of what to do with undocumented workers is very important politically, but let's not ignore the economic of this situation. the council on foreign relations says 14 million american jobs are tied to nafta. does president -- does donald trump if elected president still intend to rip it up and i just wonder how much that's going to frame the conversation with the mexican president today? >> well, i think it's a great question and all of these questions that donald trump is going to allegedly address with the mexican president, are going to only raise more questions for donald trump. did the mexican president agree to pay for the wall. did he agree to revise nafta. and we know what the answer is going to be. the president of mexico is very unpopular he has no choice but to, you know, poke his finger at the quote/unquote ugly american. this is a very high risk high reward situation for donald trump and how he plays i
CNBC
Aug 25, 2016 9:00am EDT
$1,000. >> as bill george said yesterday this is not like gilead coming in with hep c. >> these tend to be very low-grade technology. is. >> right. >> it's true, yes, i'm sure that mylan has done some things to do it. but i would say it's emblematic. epipen is so visible. there are hundreds of drugs like this. >> right. >> people should know that. cbs news, my doctor, has done endless stuff on this, used to be -- he happens to be my doctor. >> one advantage you might argue, to bresch is that she's a mother herself. she referenced that several times in her interview with brian. >> well look, she's part of the system. the system allows it. i mean, the insurers allow it. everybody allows it because they can get away with it. other countries can't get away with it. our country you can and our country it's a shame, that our country is the supporter of these. >> wasn't it crystal clear what she was asking congress to do, other than -- >> no. >> address this -- >> no. it wasn't. and at one point she was talking about about being as outraged as everybody else. the people who have to buy thes
CNBC
Aug 12, 2009 9:00am EDT
good news is very choppy recently. we are waiting for george to come by, ceo of emdeon, very successful ipo. come on over here. he is still over there on the podium. come on over here one minute. here's the post here. one of the charming things about the new york stock exchange is when the ceo shows up for the opening, for the ipo, traditionally get to do the first trade. and the ceo will come over here, put 100 share order in for the crowd here and talk a little bit about what's going on. let's say hi to him. george lazenby is here. lazenby, do this quickly. congratulations. >> thank you. >> priced right. this is the talk on the street. a lot of over-subscribing going on. and a lot of interest in this. but let's be honest about this. most people i talk to who are traders say that you are a play on health care reform. is that a fair characterization? >> we are a play on health care reform. our central position in the market is going to allow us to really reduce the cost of health care. that's something we're keenly focused on. >> let's tell the viewers exactly what you do so
CNBC
Nov 3, 2016 9:00am EDT
george w. bush kind of economy that we don't want to go back to. >> well, steve, a lot of people wonder even if clinton wins how she implements any policy when she's going to be clearly under instant and constant investigation. >> well, look, you've probably hit the toughest point of all. first of all, i want to thank jared for coming a little more towards the middle. and just like i think, i certainly have as well. i think back right after the very first presidential debate we had an immediate reintroduction of the border tax equality act to try to create a more parody, a greater parody with our trade partners, primarily addressing the i inequities of v.a.t. tax. in other words, if manufacturers here in foreign countries, manufacture and sell products to the u.s. and other foreign countries, they get relief from the value at a tax. in essence, they receive a rebate from the government or those dollars are offset. however, if an american company manufactures and sells abroad, those products and services are taxed. so clearly those are the types of trade and balances that we talk about f
CNBC
May 2, 2012 9:00am EDT
produced. the george is alleging that he got 1$1.2 billion to whom he wa selling hundreds of dollars of assets. and that also led him cash and they were selected to run one of the ipos. did he address those accusations specifically? if he didn't, they could run and run. >> he talked generally about all the distractions and the issues. he's said he's learned through this experience. there's a desire for financial transparency. he said nothing about the hedge fund, which was broken, i believe, in a story first thing this morning and, yes, i've had some of the issue here. is there a conflict of interest? around i think a lot of people believe there is. the hedge fund was a real eyebrow raiser. >> well, kate, there is quite clearly a conflict of interest. the question is did he manage it? >> well, how do you manage that? i don't know what the securities regulations are when it comes to managing the financial vehicle on the side. now, for whatever it's worth, i'm told that he's successfully hedged. he's said several times on this call alone, we've made $8.5 million. they took them off last y
CNBC
Feb 12, 2014 9:00am EST
naturals. the ceo of expedia will be on the program as well. and the former new york governor george pataki on why he is now lining up against internet online gambling at the federal level. [ male announcer ] we all think about life insurance. but when we start worrying about tomorrow, we miss out on the things that matter today. ♪ at axa, we offer advice and help you break down your insurance goals into small, manageable steps. because when you plan for tomorrow, it helps you live for today. can we help you take a small step? for advice, retirement, and life insurance, connect with axa. [ mala body at restent, tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is
CNBC
Jan 10, 2014 9:00am EST
companies are, google, apple, you can name a lot of them. >> bill george. thanks for being here. we'll see you in the alps in davos. >> yes, sir. >>> make sure to join us on monday, "squawk on the street" begins right now. >>> 74,000. that is the surprisingly weak jobs number for december. the smallest gain in three years. the question is how will the market respond? good morning, welcome to "squawk on the street." i'm carl quintanilla with jim cramer and faber is on assignment. futures have come off a bit on the jobs figure. but they are largely still positive, we've got a ton of retail news to get through including more stolen information in the target data breach. the ten year yield lowest since december. and europe is positive at this hour. 74,000 nonfarm jobs created last month well below the forecast of 200k and the unemployment rate falling three-tenths of a point but the decline was largely as a result of people, jim, who are leaving the workforce. >> right. >> you called it an outlier a few moments ago. >> outlier, but one thing i learned about the numbers is when you g
CNBC
Mar 2, 2010 9:00am EST
d.c. up to boston. that corridor got wacked. >> george, what do you see as the total sales number for 2010? >> almost 11.8 million units on cars and light trucks versus 10.4 million last year. >> that wouldn't be too bad, would it? >> no. we're starting to build momentum. the economy's stubbing a toe again in the first quarter of this year, and so based upon consumer confidence, based upon what we're seeing in housing, the little weakness in auto sales is to be expected. these numbers are very good compared to last year but last year was the first quarter was a raving disaster. >> quickly, we're almost out of time -- long-term damage to toyota as a result of what we've been reading about? >> yes. we expect that they're going to lose about a point of market share from where they are. longer term. it's the younger buyers, it is the conquest sales that are not going to come. they'll beef up the sales this year with all the money they're spending and try to protect their turf, but longer term they're going to have issue. >> george, thank you very much. phil, we'll talk to you in a wee
CNBC
Aug 15, 2014 9:00am EDT
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CNBC
Dec 16, 2009 9:00am EST
, bill george is going to join us. a lot of thoughts on the economy, et cetera, and he's a board member of goldman sachs. we'll beat him up for that. >>> wall street looking to get out of the government's clutches with most of the major banks making plans to repay their t.a.r.p. funds. here with his insight on the state of the financial system, bill george, harvard business school professor, author of "seven lessons for leading in crieses is." he serve tons board of common mobile and goldman sachs. bill, good to have you was. we appreciate it. >> good to be here, erin. >> i know that part of the deal is that you can't ever talk too specifically about goldman sachs. i have to ask you this, is there a frustration or dissent on that board about the current way the company is perceived or is the board on the same page? >> i think the board is very much 'n sync with the management, has been all along through the whole crisis last fall. i know there's a lot of challenges right now. i think goldman recognizes to those challenges doing everything that it can. >> what about what phil purcell wro
CNBC
Aug 14, 2017 9:00am EDT
frazier re-signing from the president manufacturing counciling more from bill george. dow in a nice open here at 132 don't go away. >>> good monday morning. welcome back to squawk on the street i'm with kelly evans and sarah at the new york stock exchange nice open as some concerns about north korea are better some what >> our road map for the hour begins with president trump versus ceo ken frazier stepping down from the president's council. trump firing back. >> the president expected to launch a big crack down on china today. >> plus retailers walmart, target and home depot all getting ready to report. will it be a bright spot for the sect sector. >> the president going after ken frazier on twitter after frazier announced he is re-signing from the president's manufacturing council. >> we're expecting the president to be here at the white house within about a half hour's time so we'll see if he has anything further to say about the racist violence in charlottesville, virginia over the weekend that left three taed including two police personnel over the weekend in sharltdsville, vir
CNBC
Jul 14, 2015 9:00am EDT
chicago in the pits. ed lazear former head of the counsel of economic advisors under george bush. welcome back to chicago. >> good to be back here. >> you saw the retail sales day today. listen it isn't recession nar, necessarily, although i hear people talking about has the glide path changed? are we still very low and maybe a slight delta to the downside over time? >> that's what i would say. the reason for that is that the best predictor of where the economy is going to go is to look at the market. if you look at is s&p 500, look at people who know and ask what they're saying. >> look at the fed? >> the fed too. i like look agent the private traders. if i look at the market and i look at that the s&p 500 is saying, it's saying about a 2.5% growth next year. that's kind of consistent with where we've been. no breakout but no crash to the downside either. that's lower than the prediction has been for the past year. if we did this a few months ago, we're predicting 3%. >> when you look at the zero interest rate policy are you surprised we didn't get a high eer rate of growth at s
CNBC
Jan 13, 2017 9:00am EST
. there, i said it. >> thiel got pushback from some. i think it was bill george on our show yesterday said he's getting too much publicity because he hasn't built anything in a while. >> the car, i guess they're going away because the model t -- the model a didn't really follow-up that well. goldman sachs also doing better. that's also a key because jim stewart, who i guess is not on today unfortunately. >> i don't think so. >> but his goldman sachs piece reminded us that when i worked at goldman, the bosses would come in and say what are you doing for the public? and of course goldman became part of some sort of i don't know octopus, squid, whatever the negative thing was, we all forget, but there was a great list of all the people from goldman who are in business. and goldman reports next week. there is kind of a sense that goldman stock has moved upmost. that will be the next big test in the financials. >> b of a has a note on the dollar out this morning. title is the first -- waiting for the first 100 days. beyond the very short-term the outlook on the dollar they say will depend
CNBC
Aug 7, 2009 9:00am EDT
, sustainable jobs. bill george author of "seven lessons for leading in crisis" has ideas and professor at harvard business school and on the board at several companies like exxon and goldman. good to have you with us. appreciate you taking the time. >> thank you very much. you know, i think this -- go ahead. >> no, go ahead. >> i was going to say, i think this jobs report is good news for wall street. but it's still not good news for main street. we've got 15 million people out of work and lost 7 million jobs. still losing jobs. and i'm really concerned that it's going to be a long toll until we get the jobs back. the ceos i'm talking to are not -- no one is talking about hiring other than maybe half their replacement workers and companies are hiring like ibm are hiring largely overseas. and india and other locations. i'm still very concerned about whether we're going to be able to add long-term sustainable jobs. >> and how do we do that? okay, i don't know if you heard on economists on saying that this accounting for population growth and rehiring all the people who lost their jobs. we h
CNBC
Sep 18, 2009 9:00am EDT
away with former medtronics ceo bill george on the one side and ceo john bartus on the other. >> you'll have to wait and see who is on what side. you might think those guys would be on the same side. >> i would think they would both be. >> senator olympia snow, member of a gang of six. talking with john harwood. we want to talk to john harwood about, if you're the one republican who votes for this, is that ostracize you for the rest of your life? this is a fascinating one. we'll be back and talk about senator snow. >>> the hale care bill rolled out by max baucus this week includes a $4 billion annual tax on the medical device industry. the industry is up in arms, as you might expect. even some democratic senators are speaking out against that tax. so these companies, are they being unfairly targeted? here to way in, john bartus, ceo of met assets to health care providers. and bill george, former medtronics ceo and now has a business school professor, also a cnbc contributor and author of the book "seven lessons for leading in crisis." john is our guest. we know bill, so we'll
CNBC
May 15, 2017 9:00am EDT
homeland security adviser to president george w. bush. the president said over the weekend that he hopes to have this selection made very quickly. they have been vetted before, because their entire public lives are out there for all to see. we might see a selection before he leaves for the big foreign trip on friday. we'll watch for that and anything else that happens today, guys. >> eamon. we do have the treasury secretary on thursday in front of senate banking. got house ways and means on some stuff on tax reform, thursday as well. is this the week we start to see the shovels really work on taxes? >> well, the question is how much of this drama around comey, the alleged taping system, the apparent threat of comey, all of that weighs on this white house's ability to sort of corral people up on capitol hill around its vision on tax reform. remember, we haven't seen a whole lot of the details on taxes. so we'll wait for those. but politically, what this white house learned during the health care effort is that it does take white house leadership to push all those factions up on capi
CNBC
Aug 8, 2016 9:00am EDT
president biden and sara fangen, former political director to president george bush. sara, critics have said for months now that donald trump had to the gone line by line and actually broken down what his economic plan would be. how much clarification does this provide? >> well, i think this is an incredible step for the trump campaign in the right direction of writirighting a badly functi campaign which is so start talking about policy. we saw from the latest nbc news poll on the economy trump and clinton do pretty well together. trump actually bests clinton in many polls and this is an issue where he, because of his strong business record, can actually gain some ground back that he's lost in recent weeks. i do think on the specifics, though, one thing that will be very popular, and is smart by the campaign, paying for it another question but in terms of politics this child care deductibility is a really wise move by the trump campaign. you'll remember ivanka actually announced this at the convention. she announced it in her speech and donald trump didn't talk about it until today. i t
CNBC
May 19, 2017 9:00am EDT
. maybe cardinal -- so the ceo, get this. george barrett. he played guitar once with -- with the who. >> really? >> with daltrey. isn't that something? >> that is. >> apparently he's a great guitarist. i met him at the rock & roll hall of fame induction. i said, who do you do? i'm a guitarist. and i play with daltrey. i find out he's a ceo and he was a humble man. >> that was the u.s. navy ringing the opening bell. in celebration of fleet week. and veritone a provider of artificial intelligence analystics. >> who isn't providing that? >> it would seem to be a growth industry. >> yes, it is. that's because of this cloud. going toward the cloud. kicking out the on premise hardware. going into the cloud. then everyone -- just think like this. people have to recognize that amazon was far ahead of everyone including google. google's catching up. but everyone has to catch amazon to stay in business. i spent a lot of time on walmart yesterday. and you know what? they have the money to be able to catch amazon. it's a money issue nordstrom has not been able to. it's a tech issue. you have to
CNBC
Dec 2, 2009 9:00am EST
up for grabs. it doesn't appear that they think they're really pulling it off. >> george, you've got a guy who was at the company for years, knew it like the back of his hand, in eight months or out. either someone at the government who runs gm thought the guy was terrible, or else why? i don't understand why you would leave right now unless there was something wrong. >> first of all the government seems to have no role in this, that's what they're saying this morning. the main issue is henderson and whitacre werer never on the sa page. not talking the same game. i think while fritz had a reputation of being tough, i think he was still seen as an insider doing it the gm way. i think everything started to unravel with the opel deal. when the board of directors went actively against what henderson wanted to do and pull that deal off the table, and i think it started there and ended with saab. it was just one thing after the other. and now it comes out that whitacre was unhappy with the estimates for next year and the accelerated ipo. everything seems to come out in the wash right now.
CNBC
Apr 16, 2010 9:00am EDT
open slightly lower before the bell. joining us on the phone is david george, senior research analyst of robert w. baird. david, first of all, give us your overall impression of their numbers. >> good morning, mark, thanks. the quarter from b of a we thought was a good one. again, they did 28 cents. that was considerably better than our 15-cent number and a 9-cent consensus. as we heard from the company, credit quality trends were encouraging and the beat from our perspective was driven largely by a record quarter in sales and trading. the fixed income sales and trading operations at b of a had a record and really a blowout quarter here in q-1. >> is the stock fairly valued at this level? skrr >> we continue to like b of a. the stock has had a nice move over the last month or so, but if you take a step back and think of what b of a can earn in a more normal credit environment, we think it's in the $2.70 to $3 range. this can be, in our view, a $25 to $30 stock in the next 18 to 24 months. so, some profit-taking may be in order near term, but we continue to have a very positive
CNBC
Jan 9, 2014 9:00am EST
a news briefing on what has been dubbed as bridgegate, they closed access roads to the george washington bridge in a dispute with the mayor of ft. lee, new jersey, for not endorsing him. we'll bring you the presser when it happens live. stick with us. it's not just a local story it's on the cover of every national paper in the country. >> it's a personal story, right? sometimes when we want to go over the bridge, it takes forever. >> absolutely, yes, on the first day of school back in september, kids on buses, it's a very potent political story. >> the headquarters being in englewood, close to new jersey, many of us are well acquainted to the delays. >> an hour late to the restaurant. awf awful. >> there wasn't anybody trying to create a problem. >> how do you like how powerful christie is, suddenly it's christie gate? i mean, give me a break. did he know about it? did he order lane closures? >> that's the question. >> come on. >> you don't think he did. >> you think it's the plumbers in watergate? >> the e-mails are pretty incriminating of his staff. >> he does say he was mis
CNBC
May 22, 2013 9:00am EDT
neil wollen, former irs commissioner douglas sherman and russell george, the treasury inspector general for tax administration and we'll monitor developments surrounding that hearing later on today. >> when it comes to stimulus, will bernanke say what wall street is hoping to hear? we will have live coverage of the chairman's testimony on the economy followed by q and a. as we kick off wednesday morning, a lot more "squawk on the street" from post 9 in just a minute. ♪ [ laughter ] ♪ [ female announcer ] each one of us is our own boss. ♪ and no matter where you are in life, ask your financial professional how lincoln financial can help you take charge of your future. ♪ what makes a sleep number what makes a sleep number store different? you walk into a conventional mattress store, it's really not about you. they say, "well, if you wanted a firm bed you can lie on one of those. if you want a soft bed you can lie on one of those." we provide the exact individualization that your body needs. the sleep number memorial day sale. not just ordinary beds on sale, but the bed tha
CNBC
Aug 6, 2013 9:00am EDT
that have been improved and we have a robust pipeline and i'm lucky to be partnering with george who opened up the labs, and he is head of prolific research, and he is in the lab with the approved products and the others as well. it is a good time. >> i want to take you back to eylea, and you have clinical trials on treating the loss of vision due to diabetes, and how rapidly do you believe you will get approve not only here, but recently on the conference call rush who has the census said they were not worried about your entry into the market. >> i suspect if cnbc had a worry meeter in south san francisco, that worry meter would go up now, because i know that we have had lots of discussions with the fda and the original lay of the land is that you needed two years of data in the united states and we went to the fda and made a scientific argument. and we worked together with them, and they came up with a good result to allow us to submit the data after one year. hopefully we can get it approved sometime next year and compete in the marketplace. >> it has less harsh warnings than
CNBC
Aug 15, 2013 9:00am EDT
this note from isi? he compares john chambers to george jefferson. he says, despite a humble upbringing and doubts from many that knew him george over came the obstacles and successfully started a chab of dry-cleaning stores in new york city. similarly, john chambers is also faced a fair share of daughters over the past 12 months and emerged victorious. >> west virginia, it's my home. >> moving on up. >> gino smith and john chambers. graduates. >> all right. >> all right. >>> one more key economic report to go before the opening bell. breaking news on industrial production is just moments away. plus, organic growth with a twist on the other side of the break. it's cramer's exclusive with the ceo of natural foods company -- >> no one else has it, annie's, exclusive. >>> here's a look at the futures. it's going to be a nasty open. dow to open low their 115. s&p looking down 14. more "squawk on the street" live from the post with the most. post nine when we come back. t# 0 playing this and trading. tdd#: 1-800-345-2550 and the better i am at them, the more i enjoy them. tdd#: 1-
CNBC
Nov 21, 2012 9:00am EST
. george michele, ceo, joins us ahead of the holiday tomorrow. good morning to you. >> good morning, carl. it's good to be here. >> you want to walk through some of the metrics? give us a sense as to how busy tomorrow will be relative to every other day of the year. >> well, we're actually going to be busy today and tomorrow. and both days almost equal, one week of sales for us at every restaurant across the country. so, it's a very exciting day, very busy day for us. we feed a lot of families. we're expecting about a million meals served between today and tomorrow. >> how much do you think we'll see growth year over year? >> last year we had an exceptional year on thanksgiving, up 13%. this year we expect to be up between 10% to 12%. the phones are ringing in our restaurant. we're already starting to see lineups. tomorrow will be a very big day for us. >> now, we're talking both -- there's the dine-in business, where you have families who go to your restaurant to eat. others -- i assume there's some sort of -- i think you call it banquet sales, right? >> yes. tomorrow we have a menu we f
CNBC
Apr 1, 2010 9:00am EDT
. his flagship fund reportedly up 130% last year. the runner-up, george soros, rank i ranking $3.3 billion as his fund shot up about 20%. jpmorgan's jamie dimon attacking what he calls the demonization of big banks by the political establishment. defense of his industry came in a letter to shareholders. and let's check on the futures right now. and -- >> wow! >> looks like as we go into the long weekend, people are feeling optimistic. >> i thought we would be in no man's land, sandwiched between the end of the quarter and the unemployment report. >> especially with the claims number coming in pretty much in line. so there was no reason to rally off of that. >> i think the good data from china, moves on the commodities overnight has obviously buoyed the international markets and that seems to be feeding through. let's get to the nasdaq and see where we are with bertha coombs and, no doubt, bertha, the excitement over the ipad on saturday. >> that's right. 48 hours away, it will be available 48 hours from now in stores, and this morning, though, apple's rival research in motion is ge
CNBC
Jul 22, 2016 9:00am EDT
notably. >> mourning in america. >> shining on a hill or george w. bush passionate conservative. >> you can say these are what i see as the problems with america, there are problems with law enforcement being shot, recently although overall statistics are down, but say i have a vision for a better america where wages are rising because of these reasons. he didn't present that. that's why i don't think he made the sale towards people who would not be inclined towards him anyway. >> some of the gloomy statements he makes about the economy and wages, are resonating, which is interesting, given the fact that unemployment rate has come down a lot and we have seen job improvement. the stock market is at a record high and the u.s. economy in what is a sort of sluggish global economy is actually looking pretty decent. >> i think that's reflected in the reason why president obama's poll numbers started to rise. we see unemployment is down below 5%. we see the stock market has doubled under his administration, and the energy production has increased dramatically in his administration and
CNBC
Mar 1, 2017 9:00am EST
. we'll bring you the latest. later on former medtronics ceo bill george will join us on how ceos will react to the trump speech. stay with us. no matter how the markets change... t. rowe price... our disciplined approach remains global markets may be uncertain... but you can feel confident in our investment experience around the world. call us or youradvisor... t. rowe price. investith confidence. oh.what's goingre?h method! yoknow how ge technogy allows us fix problems fore they... they slolooduction, yeah. well, noore tchy business aons. i'm sure we casmooch a so! wa, we dweust need to? "hover" over the candice, problem until... just let it go... hey, sorry i'm late for team ilding. smoooooch! that felt right. what wrong with you!? he's so trusting... >>> of course last night the president giving a speech that has been well received, certainly by investors this morning. let's see what they think over in the manufacturing part of the world. joining us right now is jay t timmons, national association of manufacturers president on recently, nice to have you back. any specifics or detai
CNBC
Apr 27, 2012 9:00am EDT
street george and others. u.s. prosecutors looking to whether a senior goldman investment advanced word of a number of pending health care deals. the second largest with spiking oil prices and made up for a decline in oil and gas production. chevron's first quarter profit rising to $6.5 billion. proctor and gamble recording 94 crenelates a share. the consumer estimates lowering its full-year profit outlook. it did cite slowing sales. that is down about 3% right now at 64.85. >> the one thing you expect with png or companies like that that have those very strong brands, they have pricing power. they're able to more than compensate for the additional costs that they have. i mean, you've seen that arguably with pepsi. you've seen it with colgate. gld unless they just raise prices along the way too much. they don't want to pay more than $20 for a ten-pack of blades. so now he's looking for an alternative. >> i am. i hadn't really noticed. i did note the last time i went in and bought razor blades that they were extraordinarily expensive. you don't buy them enough to realize that the prices
CNBC
Jun 6, 2012 9:00am EDT
. george is joining us this morning. always good to have you. welcome back. >> hi, carl. my pleasure to be on the show. >> coming off the near record low yields, how crowded is the trade exactly getting? >> credit has been very popular. if you look over the past, say, 2 1/2 years since march of '09, you have about 500 billion worth of new money into credit. so the environment of low growth, low yields and rising bond prices has been very beneficial. it is drawing in a lot of money. and it has been very popular. >> overall you say keep the market, weight, go with high yield. walk us through more of your strategy. >> yeah, sure. credit has done very well. like i said, spreads have widened up a bit over the last couple of weeks, but by and large total returns look good. investment trade and high yield have generated pretty much about a 4% total return for the year. i think if you look forward, all the factors that everyone has just mentioned regarding europe, regarding the economy, regarding the uncertain outlook, suggests you want to be a little moderate in terms of how you position your
CNBC
Jun 10, 2014 9:00am EDT
natural gas and the are revolution that's taken place, george mitchell the father of praccing but still. >> he missed it by about a year and a half. finally came true. what he said over and over again, aubrie is a genius at leaseholds. not a genius about the oil and gas business. he'll not -- i know he watches. i'm not slighting him. i'm saying he's been the best at getting the land and you let schlumberger, halliburton, find the oil. there's a term you will hear over and over again from me that i haven't used, cracking the code. every shale has a different kind of poresitty. different kind of levels. the permian has been cracked. we found out how to unlock permian oils. that's what aubrie is banking on. i think it's going to be he doesn't overpay. >> what is the play or at least people should be focused on at home. >> pioneer -- >> this is not trading publicly. >> pioneer, sheffield, pioneer is the permian. sheffield came on the ceo and said jim, this is the second biggest after saudi arabia. and i said, could you just say that again. you're telling me that the em merits -- much bigger
CNBC
Apr 4, 2014 9:00am EDT
late george carlin's list, software as a service goes with the seven other words you're not allowed to say on the air. >> software as a service. >> i told you not to say that. >> it was buried and i wanted to repeat it. >> it is it a precursor to the overall market rolling over? >> in 2000 the money flew out of the nasdaq and went to the s&p. i think the s&p at 17 times exis okay. you mentioned the bond yields, they are showing they're not going to 3% anytime soon, so i think the s&p is okay. but yesterday if you look at the s&p it was basically flat. and the nasdaq in free fall until the last half hour. that's a dichotomy that people at home have to worry about. we're not done with that selling because the venture capitalists and the insiders just seem to have no -- there's no price that they won't go. the mysterious splunk block i thought said everything. the mysterious -- did you see the in misserious splunk block? >> i was on acela. stopped most of the time with no communication. >> you are the seller of the acela? >> yes, identify wrs, i am. >> i am a buyer of a european fast trai
CNBC
Nov 6, 2012 9:00am EST
more millionaires in obama's first three years than george bush added in his entire eight years. now, where did these millionaires come from? stock markets. after dropping in 2008, we saw that huge stock market rebound in 2009 and 2010. the industries producing millionaires largely retail, tech and telecom and energy. so millionaires have done well under obama and most of them are better off than they were four years ago but as one of my readers wrote to me. bernanke did more to create the millionaires than obama. back to you, carl. >> i wonder how many were millionaires and then not millionaires and then made millionaires again. it's hard to tell where first-time millionaires. >> that's a great point. i think a lot of these people were just on the verge. they fell off and then they came back again. it's also interesting to look how they'll vote. the millionaire community is still fairly split with about 60% or less for romney. and 40% to 45% for obama. interesting to see how they vote today. >> you have a way of crunching numbers, robert. thanks. >> let's talk about job creation and
CNBC
Dec 19, 2012 9:00am EST
reputation for careful production and limited distribution. george malcolm is president of minolo. they're co-owners of the dairy farm. guys, this is a fascinating story. right now the trends aren't necessarily in milk's favor. consumption is down right now. there's a lot of competition with a lot of the soy milk products and almond milk products. what have you noticed in this business? >> well, we have a very what we call local sort of business. our local community really supports us. we just started to bottle our milk about a year ago. we are just fascinated that people really want this local, fresh product. so they will support. they will support the local farmer. that community gets behind us. in just one year, it's just amazing. >> the unique thing about our farm is most farms -- and the demise of most dairies is, you know, their cooperatives. the milk you buy, maybe 30, 40 cooperatives of dairies that the milk is picked up from 30 or 40 farms, blended together, and made into one milk product. our milk is picked up from our farm, only from our cows. five minutes from our farm
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