Squawk on the Street Inflation and the Fed, Trump's Tariff Threats and Economic Team Picks, A Downer for Dell 11/27/24
Nov 27, 2024
Eamon Javers, a CNBC journalist, brings insight into President-elect Trump's economic strategies. The hosts discuss market shifts after record highs, as well as Trump's tariff threats and his economic team choices. Dell's disappointing revenue and the resulting stock decline highlight challenges in tech. They also explore SoftBank's hefty investment in OpenAI and the implications for health innovations in weight-loss drugs. The conversation wraps up with consumer behavior trends and their surprising effects on stock performance.
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Trump's Economic Team Appointments
- Trump appoints Kevin Hassett as National Economic Council chairman.
- Jameson Greer is named U.S. Trade Representative, raising questions about Lighthizer's future role.
Amgen's Obesity Drug Potential
- Salvini Richter remains bullish on Amgen's obesity drug despite recent stock dip.
- The drug shows promising efficacy and a unique monthly injection schedule.
SoftBank Invests in OpenAI
- OpenAI receives a $1.5 billion investment from SoftBank via a tender offer.
- This allows employees to cash out amid the current IPO drought.