Arizona State University President on transforming education systems
Arizona State University President Michael Crow joins CNBC's Morgan Brennan at the CNBC CEO Council Summit to discuss the recent transformation of ASU under his leadership.
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CNBC Daily Open: Israel's conflict with Iran sends tremors through markets
Israel's airstrikes on Iran Friday sent reverberations through financial markets. Oil prices jumped on fears that supply from Iran, the world's ninth-largest oil producer in 2023, would be disrupted. Prices of gold, the stalwart shelter in times of crises, rose. Investors flock to the precious metal amid uncertainty because it serves as a stable store of value that is mostly resistant against exogenous shocks, such as inflation or geopolitical conflicts. And the dollar strengthened, as it is wont to do when the world looks ugly. Recall the dollar smile: The greenback will appreciate when things are really good because investors want in on U.S. risk assets, or when they are really bad because investors want in on the perceived safety of U.S. government bonds. The fact that the dollar increased in value against other currencies traditionally perceived as safe havens, such as the Swiss franc and Japanese yen, emphasizes the primacy of king dollar, despite rumblings of de-dollarization and concerns over U.S. government debt. Stocks, the financial risk asset epitomized, fell across markets globally. Despite the markets giving multiple indications we are entering a period of ugliness — or, at least, volatility — U.S. stocks still appear resilient, and the surge in oil prices only brings us back to where they were about three months ago as prices have been low since, CNBC's Michael Santoli wrote. The markets have, indeed, mostly shrugged off Russia's invasion of Ukraine and the Israel-Hamas war, both of which are still brewing. But with the conflict between Israel and Iran still in its early days, it might pay to be extra cautious in the coming weeks. Israel strikes IranOn Sunday, Israel launched a series of airstrikes across Iran. That marks the third day of violence between the two nations. Armed conflict broke out when Israel struck Iran's nuclear facilities early Friday local time. In retaliation, Iran launched more than 100 drones toward Israeli territory. Those events are likely just the beginning in a rapid cycle of escalation, according to regional analysts. Stocks retreat globallyU.S. futures rose Sunday night local time. On Friday, fears of a wider conflict in the Middle East sent stocks lower. The S&P 500 lost 1.13%, the Dow Jones Industrial Average fell 1.79% and the Nasdaq Composite retreated 1.3%. Europe's Stoxx 600 index dropped 0.89%. Travel and airline stocks on both sides of the Atlantic fell as the outlook for international travel grew cloudy and airlines suspended their Tel Aviv flights. Safe haven assets in demandInvestors piled into safe-haven assets after Israel's attack on Iran. After weeks of declining, the dollar index, a measurement of the strength of the U.S. dollar against other major currencies, rallied 0.3% on Friday and was up 0.1% as of 7:30 a.m. Singapore time Monday. Spot gold rose 0.38% and gold futures for August delivery were up 0.41% Monday, adding to Friday's gains of 1.4% and 1.5% respectively. Prices of oil jumpOil prices surged as investors feared a disruption to oil supply from Iran, which produced 3.305 million barrels per day in April, according to OPEC's Monthly Oil Market Report of May. As of Monday morning Singapore time, U.S. crude oil rose 2.22% to $74.62 a barrel, adding to its 7.26% jump on Friday. The global benchmark Brent climbed 2.22% to $75.88 a barrel, following Friday's 7.02% surge. [PRO] U.S. stocks still look resilientEven though stocks fell on the eruption of conflict between Israel and Iran, the market appeared resilient, wrote CNBC's Michael Santoli. This week, while hostilities between the two Middle East countries will continue weighing on investors' minds, they should not lose sight of the Federal Reserve's rate-setting meeting, which concludes Wednesday. Boeing Dreamliner crash, military escalations darken mood at Paris Air Show Kelly Ortberg's first Paris Air Show as Boeing CEO was set to be relatively upbeat. Under his leadership that began in August, the company has made strides in ramping up production of its bestselling 737 Max jets, increasing cash-generating deliveries of new planes, and indicating that it's turning a corner from a series of manufacturing and safety crises and years of lost ground to rival Airbus. Shares are up more than 13% this year, outpacing the S&P 500. But after an Air India flight crashed on Thursday, marking the first fatal air disaster of a Boeing Dreamliner, Ortberg canceled plans to go to the massive air show that begins Sunday.
Yahoo
10 hours ago
- Yahoo
NVIDIA Corporation (NVDA): 'There's Much More To It,' Says Jim Cramer
We recently published a list of . In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other stocks that Jim Cramer discusses. NVIDIA Corporation (NASDAQ:NVDA), the world's largest AI GPU company, is a regular feature on Cramer's show. The CNBC host's opinion about the firm has continued to evolve this year. Ahead of NVIDIA Corporation (NASDAQ:NVDA)'s conference in January, Cramer was optimistic about AI demand. After the conference, he wondered whether NVIDIA Corporation (NASDAQ:NVDA) could experience demand from humanoid robots as well. Yet, once the stock bled close to $600 billion in value after the DeepSeek selloff, he remarked that it was too early to comment on NVIDIA Corporation (NASDAQ:NVDA)'s future. More recently, he's back to being bullish and continues to believe that the market is treating the firm unfairly. His latest comments about NVIDIA Corporation (NASDAQ:NVDA) revolved around quantum computing and trade negotiations: 'Uh, but, there's, you might see NVIDIA going up here. Now, NVIDIA gave a very good talk, this was Jensen's time to go. Uh, sovereign AI again. . . but I have to tell you Carl, here it goes again, I talked about it last night at the top of the show. They've made a manifesto about quantum, about how quantum's here. There are four quantum stocks that we have to follow. Some of my people that I work with were very, I think that they were, probably concerned that I went out and said, look we ought to be looking at Rigetti, we ought to be looking at, you know the ones that people talk about. But they're gonna fly!' Recently, Cramer pointed a potential breakout level for NVIDIA Corporation (NASDAQ:NVDA)'s share price: 'Alright, NVIDIA, stuck here at $141.42. We gotta see a breakout next week when Jensen goes to Paris for Paris GTC.' While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11 hours ago
- Yahoo
Ford Motor Company (F): The Stock Was Held Back, Says Jim Cramer
We recently published a list of . In this article, we are going to take a look at where Ford Motor Company (NYSE:F) stands against other stocks that Jim Cramer discusses. Ford Motor Company (NYSE:F) is a major American car manufacturer whose shares are up by a slight 9% year-to-date. Its scale and importance to the American economy means that the firm is a regular feature of Cramer's morning show and Mad Money. A year ago in May, Cramer remarked that Ford Motor Company (NYSE:F)'s primary problem, even in the US market, was competition from Chinese cars. He speculated that tariffs against Chinese vehicles could help the company. In 2025, the CNBC host has also wondered about the impact of tariffs on Ford Motor Company (NYSE:F)'s global supply chain and high warranty costs impacting its financial statements. This time around, he wondered if the stock was held back due to the tariffs and whether it could rebound in case of trade deals: 'Right well first if you wanna try to make money make off, you're a trader, it's General Motors, which had the most problems. . .four billion dollar shifts production from Mexico. So that's a clear ramp to 53 I think. Ford's got it too, they were the two that were held back.' Recently, Cramer also wondered if President Trump's decision to roll back electric vehicle infrastructure could hurt Ford Motor Company (NYSE:F). He shared: 'I'm just very concerned about Ford. . . I just think that they, like many companies, built a lot of infrastructure, that was around, electric vehicles. They are under pressure.' While we acknowledge the potential of F as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
