Alphabet's valuation remains highly attractive, says Evercore ISI's Mark Mahaney
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNBC
20 minutes ago
- CNBC
Prediction markets see Hassett and Warsh as Fed chair frontrunners as Trump talks up the "Kevins"
President Donald Trump's fresh comments on potential candidates to replace Jerome Powell as the next chair of the Federal Reserve sparked a wave of speculation on prediction markets. National Economic Council Director Kevin Hassett, former Fed Governor Kevin Warsh, current Fed Governor Christopher Waller and Treasury Secretary Scott Bessent had all been floated as contenders to lead the central bank. In a wide-ranging interview on CNBC's "Squawk Box," Trump spoke highly of Hassett and Warsh, while revealing that Bessent, enjoying his current post as Treasury Secretary, has taken himself out of contention. "He's very good," Trump said, referring to Walsh. "Sometimes they're all very good, until you put them in there, and then they don't do so good. But ... I think he's a very good guy. I'd say Kevin and Kevin, both Kevins are very good." Wagers on prediction market Kalshi moved quickly after Trump's comment, assigning Hassett and Warsh a 35% chance each of being named the next Fed chair. Waller, whom Trump didn't mention in the interview, has a 15% probability of being his pick and his odds decreased somewhat following the interview. Both Hassett and Warsh have advocated for lower interest rates. Current Chair Powell, whose term ends in May 2026, has been a frequent target of Trump's criticism for keeping rates elevated. Fed Governor Adriana Kugler announced Friday she is resigning effective this week, which Trump said "was a pleasant surprise." The move allows Trump to install someone to the Fed Board of Governors, and the nominee could move into the chairman role when Powell's term expires. Judy Shelton, former economic advisor to Trump in his first term, was assigned a 6% chance to be Powell's replacement on Kalshi. David Malpass, former government official who served as President of the World Bank Group from 2019 to 2023, currently has a 4% probability on the prediction market. Trump himself even received a 1% vote to lead the Fed on Kalshi.
NBC News
an hour ago
- NBC News
Trump says Treasury Secretary Bessent 'does not want' to be Fed chair, but 4 others in running
President Donald Trump told CNBC on Tuesday that he has narrowed the field of potential future Federal Reserve chairs to four candidates, a list that does not include Treasury Secretary Scott Bessent. While the president did not disclose who is in contention, he revealed that Bessent, previously considered a leading candidate, has taken himself out of contention. 'Well, I love Scott, but he wants to stay where he is,' Trump said during a ' Squawk Box ' interview. 'I asked him just last night, 'Is this something you want?' [Bessent said], 'Nope, I want to stay where I am. He actually said, 'I want to work with you.' It's such an honor. I said, 'That's very nice. I appreciate that.'' The news follows Fed Governor Adriana Kugler's surprise announcement Friday that she is resigning effective this Friday. The move allows Trump to install another of his appointees to the Fed Board of Governors at a time when the White House is aggressively pushing the central bank to lower interest rates. Among the likely candidates remaining are former Governor Kevin Warsh and Kevin Hassett, the National Economic Council director and a key Trump advisor. Both have advocated for lower rates. Fed Governor Christopher Waller also is thought to be in the running. 'Both Kevins are very good, and there are other people that are very good, too,' Trump said, adding that Kugler's resignation 'was a pleasant surprise.' Current Chair Jerome Powell 's term ends in May 2026. He has been a frequent target of Trump's criticism, and there has been speculation that the president would name a 'shadow chair' who could help undermine Powell until his term expires. Trump did not commit to taking that approach but conceded that it is 'a possibility.' Trump nominated Powell for the Fed job in 2017, during his first term as president. The Senate then confirmed Powell the following February. Trump alleged Tuesday that Powell told him, 'Sir, I'll keep interest rates so low. I'm a low interest rate person.' The Fed last week voted to hold its benchmark interest rate steady in a range between 4.25%-4.5%. Markets expect the Fed to approve its next cut in September. The central bank lowered its policy rate a full percentage point from September through December 2024, moves that Trump has said were politically motivated to help Democratic presidential nominee Kamala Harris. Click here to watch the CNBC TV livestream.
Yahoo
an hour ago
- Yahoo
Trump answers question on whether he'll try to run again
President Donald Trump answered Tuesday whether he would try to campaign for the White House a fourth time around. During a phone interview on CNBC's "Squawk Box," Trump was discussing Bureau of Labor Statistics job numbers that he argues were "rigged" during the 2024 presidential election to inflate former President Joe Biden's economic performance. While discussing gerrymandering, Trump said he "got the highest vote in the history of Texas" – a claim CNBC anchorman Joe Kernen initially challenged but then admitted a network fact-check showed Trump did get the highest number of votes in Texas. "I got the highest vote in the history of Texas, a record that they say won't be beaten unless I run again," Trump said. Trump Confirms 2 Nuclear Submarines Are 'In The Region' To Counter Russia CNBC anchorwoman Rebecca Quick interjected, "Are you going to run again? The Constitution…" "No, probably not," Trump responded. "Probably not." Read On The Fox News App "And you're not going to, and you're not going to fire Jay Powell," Kernen added, referencing tensions between Trump and Federal Reserve Chairman Jerome Powell. Trump circled back to address Quick directly: "I'd like to run," Trump told the anchorwoman. "I have the best poll numbers I've ever had. You know why. Because people love the tariffs, and they love the trade deals, and they love that countries – they love that foreign countries aren't ripping us off. For years, they ripped us. A friend, and foe and a friend. And the friends were worse." The 22nd amendment of the U.S. Constitution says a person can be elected president only twice. If someone takes over as president – as a vice president would due to death or resignation – and serves more than two years in that term, the amendment states that person can only be elected president once more. It effectively sets a maximum of 10 years for any person to serve as commander-in-chief. Trump Goes After Schumer: Tell Him 'Go To Hell' George Washington set the tradition of stepping down as president after two terms, but the amendment came about in response to Franklin D. Roosevelt's unprecedented four terms. Roosevelt served during the Great Depression and World War II. Trump earlier this year both teased and distanced himself from the idea of a third term, as some conservative circles have floated changing the 22nd amendment to allow an exception for nonconsecutive presidencies. Before Trump, the last and only other president to serve two nonconsecutive terms was Grover Cleveland in the late 1800s. In May, Trump said he considered it a "compliment" that "so many people" wanted him to run in 2028 but said it was not something he was interested in pursuing. "I have never had requests so strong as that. But it's something to the best of my knowledge, you're not allowed to do," Trump told MSNBC's Kristen Welker. "There are many people selling the 2028 hat, but this is not something I'm looking to do. I'm looking to having four great years, and turn it over to somebody, ideally a great Republican. A great Republican to carry it forward. But I think we're going to have four years, and four years is plenty of time to do something really spectacular." Trump said he believed the MAGA movement could survive without him, floating Vice President JD Vance and Secretary of State Marco Rubio as potential article source: Trump answers question on whether he'll try to run again
