Is live. Pump up the jam good friday morning welcome to squawk alley. Markets still in the green pinning hopes to stimulus talks. Were watching headlines best week so far this morning, jon, in two months for the dow yeah. And in tech this morning, carl, hey, weve called it out here on squawk alley before. Today amd eyeing xilynks amd is a 100 million market cap down 3 on a 30 billion deal. Investors are giving this blessing a few different trends here. A hot of Tech Companies have richly valued stock to play with there is pressure to answer and three u. S. Restrictions are hurt something chip makers like xilinks and theres no end to that in site good morning, guys pat, are you surprised not a the hoff overlap here. So in that sense, maybe this deal isnt at risk but, hey, not a lot of overlap here. So maybe this is risky the. Yeah. The so as you said before, amd needs to grow. When i look at valuation, im sure stacy will will weigh in on this, it had to do something organic growth isnt
Space economy industry. It is estimated to reach 1 trillion. First our top story. The e. U. s antitrust chief has made a name for herself as a tough regulator who is not afraid to go after big tech. Wednesday, she told bloomberg that the e. U. Will still pursue a digital tax even if a big push at oecd fails. Maria tadeo talked to her in france, where she was asked how europes revelatory posture on regulatory posture on technology is different than the u. S. And china. Maria first and foremost, to promote what we have going for ourselves already because in the businesstobusiness environment you find a lot of impressive tech. You find engineers and research and an impressive start up environment and the willingness to balance all the possibilities. You are talking about innovation, but we do here many times from u. S. Companies the reason youre focused on taxation is because we have not seen real invasion europe. Innovation in europe. Do you agree and is that fair . That is not fair, not
First a check in on the market the dow lower by nearly 300 points moved low er perhaps by the fitc rating plus, some street talk around discover financial the company ceo resigning. That stock down more than 10 . Also, good news, bad news. The good, Warren Buffett adding a stake in the stock bad, home Builder Sentiment dropping sharply with rates over 7 . We begin with the warning from fitch the firm saying it may be forced to downgrade dozens of banks, big ones, including jp morgan chase, coming after recently downgrading the United States credit rating. For market reaction, lets bring in doug butler, director of research at Rockland Trust what has got fitchy feeling so well, i could rhyme but i wont. Ill also not go there. But again, fitch downgrading the banks, very core lair to what they just did. Its their really negative on the government and theyre taking this as a broad swath theyre saying the Banking Industry as a whole and greater problems which is why they would hit jp morga
Help. Nvidia is the helper. Its the expediter. Its the cost saver. Nvidia allows you to get it done. Theres just one problem. Its widely misunderstood because on most days it is so hidden under so many partnerships its hard to capture what they do in a spreadsheet. They deliver productivity per share for their clients. Thats whats being bought or taught where i am out west covering the huge nvidia Gpu Technology conference hosted by ceo jensen huang. Now, theres a whole other world back east, the one that produces the summaries like the indices or dow advance 76 points, nasdaq jumped 0. 82 and went out near its closing lies. I didnt like that. Wall street we desperately want nvidia to predict the sales. Give us some metrics to allow us to figure out if its worth 3. 1 trillion or 2. 7 trillion or 1. 8 trillion like alphabet or amazon. Instead of the 2. 2 trillion its worth now. Yeah, we want jensen to tell us how nvidia will cure cancer while beating Climate Change and breaking down pla
Im charles payne. This is making money. Breaking right now wall street is coming around to a. I. , playing catchup as a matter of fact. There were flury of up grades this morning but great youre playing catchup. Youre ahead of the game. The bears have made a trench. Beware, this market is going to fall apart. Microstrategy is on fire. Theyre calling Michael Saylor, the moderndaybunk bunker hunt. That is not a good thing to be called. He was ridiculed and laughed at. Talk about a special guest how expensive taco bell is. Scott martin is back. Looks like he is having the last laugh. My takeaway on the again, once again, where the market and the street are all off base particularly when it comes to main street. We have a lot of evidence on that today. All that and so much more on making money. Charles all right, well i guess you could say better late than never but all of sudden wall street cant get enough of a. I. , right, including nvidia at the top here. Bank of america now, they have