Plus openai firing back at elon muffingand his lawsuit an the very ethos of the microsoft backoff and the super tuesday primary battle, theres word mr. Trump is trying to attract wealthy donors and he had a reported meeting with one of the richest people in the world. Its wednesday, march 6th, 2024. Youre watching Worldwide Exchange right here on cnbc good morning welcome to Worldwide Exchange. Im frank holland. L lets get you ready for the trading day ahead. Were going to look at the stock u. S. Futures a big difference from what we saw yesterday. In the green across the board in the premarket. Looks like the dow would open about 85 points higher what were seeing here, a big turnaround since yesterday, coming off their worst day since february 18th with all of the averages shedding 1 or more were showing you the big action on the boards. Youre seeing the declines it was even worse for the mag 7. If you leave out nvidia, losing a combined 233 billion in market value yesterday you see t
Who have been to previous presentations but for californians. For decades and decades, weve come to expect the unexpected as it regards to the volatility of the tax system. You can see the orange line, those are the big three revenues. It. Looks like an ekg chart. It goes up during good times and down during bad times. It reflects i think the larger narrative of todays presentation and that is a story of correction, a story of normalization after a period of tremendous amounts of distortion. That distortion has been represented in the revenue collection in this state. Take a look at this chart. 10. 4 , that is the year 2000. We have had spikes in the past and revenue. 10. 4 , thats the percentage of our income tax collection Capital Gains. 11. 6 , historically high number represented in 2021. Now a drop. We look at the projections going out to about 5 . Those are remarkable swings in terms of that revenue collection as it relates to Capital Gains on the overall revenue. That said, the
Newsom highlight his budget agenda for this year for the past counterspace for his state, education, homelessness and infrastructure investment. Welcome to the 2024 25 project presentation. Revery familiar for all those wo have been here. Past out the large format through because as not just those in previous for decades and decades, weve come to expect volatility of our system. You can see here the orange line, but the three revenues, an ekg chart, goes up in the good times and down in the bad times. You can see spikes representing Capital Gains that reflect the larger narrative in the presentation of the story of correction, normalization after a period of tremendous amount of distortion. Thats been resented in revenue collection in the state. Take a look at the state, its 2000. We had spikes in the past, 10. 4 of income tax collection. You can see 11. 6 historically high number represented in 2021 and not a drop look at the projections to about 5 total remarkable swings. I mentioned
I think we passed out the larger format of the budget people are rummaging through but let me begin as we often do with a slide that has become more and more familiar, not just to those who have been to previous presentations but for californians. For decades and decades, weve come to expect the unexpected as it regards to the volatility of the tax system. You can see the orange line, those are the big three revenues. It. Looks like an ekg chart. It goes up during good times and down during bad times. It reflects i think the larger narrative of todays presentation and that is a story of correction, a story of normalization after a period of tremendous amounts of distortion. That distortion has been represented in the revenue collection in this state. Take a look at this chart. 10. 4 , that is the year 2000. We have had spikes in the past and revenue. 10. 4 , thats the percentage of our income tax collection Capital Gains. 11. 6 , historically high number represented in 2021. Now a drop
Our next presenters had the pleasure of doing what weve all wanted to do this past year, drive our car off a cliff. Please welcome Susan Sarandon and geena davis. Susan, they love that we fixed everything. So happy. I dont think we fixed quite everything, actually. Its been 25 years. But tonight weve got all of these women standing up for each other. And the men, too. And the men. Yeah, these five nominees have agreed to give half of their salary back so the women can make more than them. I dont think that actually happened yet, but thats a great idea. So were still honored to present the award for best actor in a Motion Picture drama. And here are the nominees. Timothee chalamet, call me by your name. Daniel daylewis, phantom thread. Tom hanks, the post. Gary oldman, darkest hour. Denzel washington, roman j. Israel. And the golden globe goes to gary oldman. Well, i feel very humbled and surprised to have been asked to this stage. I would like to congratulate my fellow nominees for you