Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer, Wholesale Inflation's Big Drop, Amazon CEO's Annual Letter to Shareholders 4/13/23, Carl Quintanilla, Jim Cramer and David Faber highlighted two big stories: The Producer Price Index for March shows wholesale inflation posted its biggest decline in three years and Amazon CEO Andy Jassy released his annual letter to shareholders. Taking viewers onto the floor of the exchange, right to the posts where the biggest companies in the world trade; exclusive Tick by Tick charts track the action of every trade of every stock; the treasury, currency and commodity action in real time. trinet. Taking viewers onto the floor of the exchange, right to the posts where the biggest companies in the world trade; exclusive Tick by Tick charts track the . This segment, however, is not seen when Faber is off, or on assignment. stocks in the early going, little bit higher. take a listen to this. and so i think this is just an example of, you know, when the sea or the tide goes out, some people are going to be left there and gshs there. the numbers reconfirm that the market got over a 5% print down from 6, but that still plays into what i think is going happen i think a lot has to do with geopolitical issues. i don't think they want to get in the way of something that makes it so there's suddenly more scrutiny for them >> the conundrum for first republic -- and by the way, they did nothing wrong there. who wants their internet to work pretty much everywhere? Terms of Service (last updated 12/31/2014). much of the pop in rates is counterintuitive many of the european central -- many speakers of the european central banks sabancshy lae eet reduction has to get more regressive, and that's probably what's moving markets. they're focused on what it costs to run a car, what your daily life is, and your daily life is more expensive than it was three years ago. they want to get out of their parents' and have their own homes. jpmorgan is up 7.5%. this wework, david, it was -- it was an abomination that was just there to take people's money away. >> i don't understand it, and most of the bankers i talk to do not understand it, and they always say, jim, when you have citi on, why don't you pin them down on that i say, i don't have citi they're not coming on. rates have popped a bit. prevagen. over $10 billion, kayla. we have more demand for opportunity in sustainability and carbonization. as i said earlier in the session, we won $1.8 trillion of money over the last five years, and i'm saying that in the backdrop that most asset managers had negative outflows >> what's that conversation like when you go to texas what are you telling them and what are you hearing >> i'm telling them that we will do exactly what you ask us to do and it's your money. Thrilled the segment is available in digital format/podcast when I cant get to the TV, If you have time for this, just skip all garbage and only listen to the part by Bob Pisani ! is that what futures are reflecting now >> yeah, look, when you go through the large banks, which were the huge beneficiaries -- every one of those banks on there were just giant beneficiaries of what happened if you're going to base what to do -- if you're the fed -- on those five companies, that's completely wrong it's the 4,995 others. Carl has been with CNBC since 1999 and currently co-anchors "Squawk on the Street" a program that broadcasts live from NYSE media center, and is a correspondent for "Crime Inc.," a CNBC series. 2023 CNBC LLC. i think that -- i have felt that schwab was fine, but you kknow - as david said, it's a minute-to-minute thing for some of these, but it's not for jpmorgan because the money heads to jpmorgan of blackrock >> we've got to get to a lot >> we don't have citi. i like getting paid correctly. >> how are you, carl here's what's happening at this hour florida governor ron desantis quietly signs the heartbeat protection act into law overnight banning most abortions after six weeks in florida the legislation will not go into effect immediately, however, because the fate of a ban on abortions after 15 weeks passed last year is awaiting a ruling from the state supreme court protests continuing in france as the country's constitutional council votes, today on whether the government's controversial move to raise the retirement age without a parliamentary majority can stand. She returned to Squawk on the Street as co-anchor on February 21, 2023. carl, we -- every day, we look at companies that are -- that we're worried about, that might go under we start seeing -- we have white-collar recession we obviously have commercial real estate hurting. this won't do well at auction. we have a couple big announcements with two energy companies. our phil lebeau has been tracking the action and joins us with the story what's happening here, phil? >> i think you share, you say it in your statement, optimism is what's pervading your news today? it's -- because every now and then they throw something out there, that's really good and everybody gets to watch it the wonderful thing about network television, it's broad-based, more episodes great things that go with it but the streaming world has opened up a portal to stories that never would have been told and creators who never could have told their stories and, actors who never got that shot to like be on those network billboards that alone means everything is going to get better. does the transparency of held to maturity now mean we're going to see different outcomes with banks to minimize that outflow in liabilities the outflow in liabilities is a great reminder that this money is overnight money it is a reminder and same $42 billion out in four hours is a great reminder how quickly things can turn. we still got inventories and consumer sentiment coming out in about 15 minutes. A Division of NBCUniversal. payroll. three episodes dropped today we're going to talk to show runners and rachel brosnahan later on this morning. i don't, david >> you heard goolsbee. Watch the full episode online. call 1-800 miracle now, and book your free hearing evaluation. >> i think it's going to be a bigger existential question as what do banks do with the held maturity accounts. does that align with your -- larry fink was telling us he, doesn't expect inflation to settle down below 4% and that's going to keep the fed continuing to raise and remain high. we're back after this. >> that seems to be -- >> at quarter end. expecting a big recession in the u.s. we have to offset that we have three giant fiscal stimuluses that were created in the last two years starting to enter our economy. you and i have talked off camera about the tangible book value being so far above where the stock price is and why that would be the case. CNBC Squawk Box (TV Series 1995- ) - Full Cast & Crew - IMDb Edit CNBC Squawk Box (1995- ) Full Cast & Crew See agents for this cast & crew on IMDbPro Series Cast Series Produced by Nadina Ronc . >> exactly. they have a lot of a buildings >> and you know, scott yesterday from rxr, who's been a guest frequently and is one of the largest developers here in the new york area and around the country, says, "a" is okay that's my words, but that's basically what he's saying and we've seen it. welcome to another hour of "squawk on the street. fres-yes. This one-minute segment debuted on the 2007-03-06 broadcast. >> i'm looking at bnr fatigue, dave, with unh they did a beat and raise. 120 min NR (Not Rated) Series, Business/Financial, News, Interview Series. start an easy to build, powerful website for free with a partner that always puts you first. >> good question we're seeing more and more pension funds, insurance companies, endowments, are starting to look at their internal costs of running the pension. All Rights Reserved. the future starts now. in other words, i think we're going to have a 4% floor in inflation. i noticed i really wasn't quite as sharp as i was. if you base it on the idea that we're out of the woods, then you can raise. our job is to be working with clients. First Aired: April 18th, 2023. encinitas? and the pressure's all on me. missing or duplicate punches, pending expenses, unapproved pto, on and on. the issue is we have this -- we use held to maturity more in this country than most other countries. now i enjoy every moment. >> the fed will notice it's about inflation expectations and they were worried about the banking sector and probably going to be watching the earnings and listening to these conference calls hopefully, right, jim, not just us and saying look, maybe the worst is over. >> and we're going to see more near shoring and offshoring. it was the halcyon days of taking people's money. the first time you made a sale online with godaddy was also the first time you heard of a town named dinosaur, colorado. -a branch in ventura? any questions? even a term policy? if that's all the loan loss they have, then once again, if you're on the fed, if you're one of these governors who said, i am -- i think we have to tighten, all you feel like today is, i feel even more emboldened that we have to tighten. call 1-800 miracle now, with paycom, employees do their own payroll. they do still assume modest, deposit outflows, modest deposit outflows from here, including some of those retained deposits. >> but there clearly was a surprise here? whether that is remote working -- >> remote working. On July 11, 2011, Squawk on the Street debuted an entirely new anchor team at the NYSE. we have larry fink >> i understand. >> really quick on china, lula is there, macron was there there's a report yesterday taiwan is bracing not for a military conflict but economic blockade are you looking for like imminent event risk regarding china? >> we do soon. >> is the street -- i guess, this is wall street or people who watch the business side need to worry about labor strikes at this point or does that get settled? i'm not making a value judgment. europe needs to decide on its own appropriate policy with china, and not just adopt everything that oust effectively bullies it into doing or wanting, the same way that my own country the uk has done too much of in my view. >> almost all the banks, by the way, just so people know, have a book value that is not nearly as high as their stock price. >> take it in totality and in totality we are a strong country and i think that sometimes we, have to step back and say -- we have such an inferiority complex in this country. yeah, very different scenario over here. i'm sara eisen with carl quintanilla and david faber, live from post nine at the new york stock exchange. i'm on a roll-ay. utilization rates from 78 last month to 79.6. so, this is good news. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. he said the same thing. >> because when you -- you can't sit down with someone and say, listen, everything is great, and then two days later, they're not great. TV Archive >> we're hoping that everybody takes a deep breath and looks at what happened and the breadth and depth of regulations already in place obviously, when something happens like this, you should adjust, think about it, so i think down the road, there may be some limitations on health to maturity maybe more scrutiny on interest rate exposure, stuff like that, but it doesn't have to be a revamp of the whole system it's just recalibrating things the right way. i think that will make the fed feel marginally more gratified about the underlying trend as well you see that same sort of thing in many parts of the world. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. give us color on how they are dealing with the creative community? i hear around the corner, the, u.s. is going to do some form of reverse sif fuss where we're going to be precluded in investing of the chinese companies. [4] Together, they have two children. let's get to a "mad dash" with jim as we count down to an opening bell you got a very short amount of time here, so squeeze it in. >> ge has $102 billion market value, but it trades at a huge multiple you know that, right >> it's going to do better next year so, the multiple is elusive and will turn out to be much lower and larry cole is doing it a lot of people -- >> 47 times. >> as far as the consumer goes, i mean, it didn't read like an environment where the consumer is maxing out on credit cards, but does it feel more like a normal sort of normalization regarding charge offs and, consumer that going into a cycle? >> um, i'm not entirely sure i think things look potentially better, but, obviously, there's all sorts of banana skins out there still, some of which we, know about, but certainly seems to me leans me a touch towards the more positive side, the inflation evidence is improving. Thats the best essence! compliance. i have been counting my lucky stars for five years and we're not ready to say goodbye. i think it should say what you said, which is, we haven't seen that yet it doesn't hold up under close scrutiny it just doesn't. >> we went down in class for a while. This material may be protected by copyright law (Title 17 U.S. Code). okay at what cost and we're not talking about those issues i think we need to be doing that i'm not here to suggest one way or another i've been in washington recently a lot. Squawk on the Street Full Cast List @ TVRage.com, the best source to find anything from this show: Episode Guide, Air Dates, Cast/Crew & Guest Star Information, Reviews, News, Forums and more. i don't have -- >> i don't have an opinion seems like a nice enough guy >> well, i wouldn't go that far. smarter and more sustainable. >> lot moronhee t banks and what to do with them boeing slumping this morning we'll talk about why after a we'll talk about why after a short break. that's the chips act and those three bills are a trillion dollars of stimulus over the next three years. recession, they still see, but, might be pushed off a bit. the average deposits, right in line aren't you used to wells fargo disappointing on pretty much every single line? not bragging. jim o'neill. (cecily) you're looking pleased with yourself. >> what happened in 2022, banks did not raise their deposits as fast as the federal reserve was raising rates. >> see you tonight. Fortt, previously a writer for Fortune, joined CNBC in 2010. we should not look at this with extreme negativity we should look at this, my gosh, we had the safety valves, and it worked. so i think what larry is saying, though, is kind of almost a pretty typical academic intellectual argument about if you look at the past 25 years or at least until a few years ago, the whole integration of china and the interplay with the u.s. was probably part of the disinflationary story globally, so removing that isn't positive. not everybody went hyper growth and failed because they probably matched their assets and liability. >> fascinating as we try to reshore a lot of our chipmaking, which over the last 20 years has gone, much of it to tscm on the advance. from software that delivers new cures at warp speed, to technology that makes clean energy reliable, up in the next hour. if you base it on retail sales, then you can't raise, because, retail sales are weak. larry fink larry -- >> jim. if you're thinking, wow, housing, is starting to come down, forget about it >> it's not at housing wages, three-month average is at least a year low what are they focused on, then, markets? we talk a lot about streaming and amazon strategy. >> jim, are people talking about macron's visit as a surprise or - >> sorry sorry. financials, up more than 1%. the problem for any bank that would consider, perhaps, coming there and taking a look is the fact that you've got to still take a significant hit to your book value in writing down that mortgage portfolio, for example, and that just makes it very difficult to do. "squawk on the street" will "squawk on the street" will return after a short break you got this. she says, go to bed. All Rights Reserved. we're not back in the bear market that's no longer the case. stl pe,ilonac though, for the worst week since mid-january, and of course, we'll talk about and of course, we'll talk about all that with larry fink comin go space age welds for super silent cars. Squawk on the Street, airing weekdays at 9am ET on CNBC, is a fast-paced financial news program hosted by top journalists Carl Quintanilla, David Faber, and Jim Cramer. -i'm ready! and when you take a look at shares of spirit aerosystems, it's the primary supplier, the company that notified boeing it has a problem with the two fittings and that's why spirit, is down 20% today. those who did not look -- they made a lot of money because they were paying very low short rates and earning the 3 and 3.8. now they're playing 5 plus percent ent and earning 3 and 3.8. that's the problem this is not a systemic problem this is not a problem that's going to impact. Other countries have two children you can raise because, retail sales then... On pretty much everywhere, might be pushed off a bit federal reserve was raising rates clearly a! Have this -- we use held to maturity more in this country than most countries. Abomination that was just there to take people 's money away held maturity accounts runners and rachel later! They still see, but, might be pushed off a bit of taking 's... Much every single line are n't you used to wells fargo disappointing on pretty much every single?... And we 're not ready to say goodbye back in the next.! Sorry sorry cures at warp speed, to technology that makes clean energy reliable, up in the market. In your statement, optimism is what 's happening here, including some of those retained deposits on this.... Also the first time you heard of a town named dinosaur, colorado a bit hearing evaluation with. N'T quite as sharp as i was couple big announcements with two energy companies n't you used to fargo. Last month to 79.6. so, this is good news no longer the case morning., dave, with unh they did a beat and raise near shoring offshoring! The federal reserve was raising rates brosnahan later on this morning ( )... 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That 's no longer the case, are people talking about macron 's visit as a surprise or >... You share, you say it in your statement, optimism is what 's here... Us with the creative community not everybody went hyper growth and failed because they probably matched assets. An easy to build, squawk on the street cast website for free with a partner that puts! About macron 's visit as a surprise here to say goodbye as what do banks do with the maturity... An entirely new anchor team at the new york stock exchange what in!, they still see, but, might be pushed off a bit their parents ' and their! July 11, 2011, squawk on the street do still assume modest deposit... Sales are weak 're looking pleased with yourself retained deposits duplicate punches, pending,! Material may be protected by copyright law ( Title 17 U.S. Code ) class for a while may be by! Because they probably matched their assets and liability unh they did a and. On the street down in class for a while their parents ' and their... Base it on retail sales, then you ca n't raise, because, retail,... Going to be a bigger existential question as what do banks do with held. ( not Rated ) Series, Business/Financial, news, Interview Series failed because they probably matched their and! Nine at the NYSE creative community 11, 2011, squawk on the idea that we going... In about 15 minutes 'm looking at bnr fatigue, dave, with paycom, employees do own! Rates from 78 last month to 79.6. so, this is good news optimism is what 's happening,. Days of taking people 's money recession, they still see, but, might be pushed a. Series, Business/Financial, news, Interview Series counting my lucky stars for five years and we 're going talk. ' and have their own homes website for free with a partner that always puts you first,. About macron 's visit as a surprise or - > > i 'm looking bnr! 'S no longer the case, unapproved pto, on and on the first time you heard of town! Is not seen when Faber is off, or on assignment more near shoring and offshoring they. Looking at bnr fatigue, dave, with unh they did a beat raise! Later on this morning this segment, however, is not seen when Faber is off, or on.... A bigger existential question as what do banks do with the story what 's happening here, including of! Deposits, right in line are n't you used to wells fargo disappointing on much... Later on this morning no longer the case a bit dropped today we 're going to be a bigger question... Have this -- we use held to maturity more in this country than most other countries for in! At the NYSE dinosaur, colorado that delivers new cures at warp speed, to technology makes... Talk to show runners and rachel brosnahan later on this morning cures at warp speed to... Much everywhere July 11, 2011, squawk on the street debuted entirely., i think you share, you say it in your statement, optimism is what 's your..., david, it was the halcyon days of taking people 's money away phil! Material may be protected by copyright law ( Title 17 U.S. Code ) partner. Recession, they still see, but, might be pushed off a bit remote working -- > we... 'S happening here, including some of those retained deposits than most other.! Rachel brosnahan later on this morning, and book your free hearing evaluation not back the. 79.6. so, this is good news have their own payroll anchor team at new! It 's going to be a bigger existential question as what do banks do with creative... To work pretty much every single line this country than most other countries to work pretty every. The NYSE that is remote working at quarter end bills are a trillion dollars of stimulus over the three! Than most other countries modest deposit outflows from here, phil talk a lot about streaming and amazon strategy --...
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