Boeing CEO Kelly Ortberg is expected to join President Donald Trump on his visit to China next week, a source familiar with the planemaker’s plans told CNBC.
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The combined company would need to maintain an investment-grade credit profile, GameStop’s mysterious financing letter said.
“Do I think he’ll cut rates? No chance,” Jones said during a wide-ranging CNBC “Squawk Box” interview.
Peloton CEO Peter Stern told CNBC that the company believes raising prices on its subscriptions was a value-driven move.
The billionaire hedge fund manager said the market may still be in the middle innings of an AI-driven rally.
Shares of McDonald’s have fallen 10% over the last year, hurt by concerns about the broader economy.
The trade is fairly simple: sell downside protection in semiconductor names where volatility is expensive, and buy downside protection in the S&P 500, where it’s relatively cheap.
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“War in Iran resulted in recession-level industry decline in the U.S. as consumer confidence collapsed in late February and March,” the company said.