alliance among them. at one point, a fight almost broke out on the house floor, but perhaps the most telling moment came at the very end. on his way out of the capital, at around two a.m. after finally taking his oath of office as speaker, mccarthy stopped to talk to reporters to give special thanks to a special someone. i do especially think president trump. i don t think anybody should doubt his influence. he was with me from the beginning, somebody wrote that out of what he was there, and he was all in. he was all in. kevin mccarthy maybe the speaker, but this is donald trump s house. built on the backs of trump s republican acolytes whose jobs depend on the support of donald trump s own base. but dynamics that were on display during a four-day speakership battle have continued to play out in the six months since. the chaos caucus republicans, many of whom are trump loyalists and some of whom participated in the attempt to deny mccarthy the speakership, brought the cou
Of strong earnings. Airline also slashing its expected deliveries amidst boeings quality crisis. And teslas asking its shareholders to reinstate elon musks 56 billion pay package. That was back in 2018. This after, of course, Delaware Court voided that compensation earlier this year. Lets begin with the markets, set to open higher after the dow ended six straight sessions of declines. S p, nasdaq, russell did extend their daily losing streaks to three. Yesterday, as you know, the fed chair suggested that rates could remain higher for a longer period. Heres what he had to say about battling inflation. More recent data shows solid growth and continued strength in the labor market but also a lack of further progress so far this year on returning to our 2 inflation goal. The recent data have clearly not given us greater confidence, and instead, indicate that its likely to take longer than expected to achieve that confidence. That said, we think policy is well positioned to handle the risks
Marco colon Marco Kolanovic will be here black friday retailers are probably dreaming of Something Like this. You know the days of black fridays past when people would literally lose their minds, trample over over here to get the newest tv, moms would threaten mortal combat if you dared take the last beanie baby or furby off the shelves but the reality is black friday may look Something Like this yep, you see it there. Everyone huddled around their computer or smartphone, clicking away, skipping the entire instore experience. Will it be black and blue friday for retailers or will their dreams come true guy adami. You know where i wont be that whole running into people im sharpening my elbows, im coming after you what could be a worse experience i wont get into people, what if they eaten the day before and the sights and smells of this. I digress. You just did. For some people this is a huge deal, though. You heard Courtney Reagan talking about, Pete Najarian will be at the mall of amer
Good monday morning, welcome to squawk alley. Im Carl Quintanilla with mike santoli, Morgan Brennan here at post 9 of the New York Stock Exchange john fortt in San Francisco. In a minute hes going to bring us a cnbc exclusive with amds lisa su. You cannot miss that in the meantime, apple feeling pressure from investors. Urging the iphone maker to tackle smartphone addiction and overuse by children. They write the potential longterm consequences need to be factored in at the outset and no company can outsource that responsibility joining us at post 9 this morning, Elevation Partners cofounder Roger Mcnamee and scott galloway, professor at the stern school of business happy monday good to see you both what an interesting turn this is, roger. What responsibility does apple have to how my kids might use a phone . Quite honestly, they have a lot. The culture of Silicon Valley has been about disruption for so long that people have forgotten there are consequences to disruption, and at the sc
The east coast. The clock is ticking, the house doing its part to avoid a Government Shutdown last night. The house passed shortterm spending bill late last night that will keep the government funded through february 16th, now it is on to the senate where passage remains anything but certain. In the House Republicans did their job. They made sure government stayed open. We are where we are for one reason and one reason only within a day of Government Shutdown and thats insistence of our friends on the other side that we deal with this nonemergency right now. Maria very latest as lawmakers are scrambling with just hours left to avoid a shutdown. Threat coming amid a booming economy, President Trump took the stage last night in pittsburgh where he touted the major accomplishments his administration has seen and overseen in his first year in office, this comes as more Companies Give back to employees, thanks to that historic tax overhaul, the details that some employers say they will now