The market is underpricing a lot of risk, says DeCarley Trading's Carley Garner
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNBC
3 minutes ago
- CNBC
Expect a lot of volatility around inflation over the next 6-9 months: Verdence's Megan Horneman
Megan Horneman, Verdence Capital Advisors CIO, joins 'Squawk Box' to discuss what to expect from the Fed's Jackson Hole Economic Symposium this week, the Fed's inflation fight, state of the economy, rate path outlook, and more.
The Hill
12 hours ago
- The Hill
Trump eyes Intel stake
Lutnick indicated the money for the stake would come from previously allocated Biden-era funding. Media reports have suggested the government is considering a 10 percent stake using CHIPS and Science Act grants. 'The president figures out that we should get, America should get the benefit of the bargain,' he told CNBC's 'Squawk Box.' 'I mean, that is exactly Donald Trump's perspective, which is, why are we giving a company worth $100 billion this kind of money?' he continued. 'What is in it for the American taxpayer? And the answer Donald Trump has is we should get an equity state for our money.' 'So we'll deliver the money which was already committed under the Biden administration,' Lutnick added. 'We'll get equity in return for it, get a good return for the American taxpayer instead of just giving grants away.' The Commerce secretary's comments come just less than two weeks after President Trump called on Intel CEO Lip-Bu Tan to resign. The president accused Tan of being 'highly conflicted' following Sen. Tom Cotton's (R-Ark.) letter to the company, voicing concerns about the CEO's investments in Chinese companies and his previous role at Cadence Design Systems. The software firm recently pleaded guilty to violating export controls by selling chip design technology to a Chinese military university during Tan's tenure. However, Trump changed his tone after meeting with Tan last week, and reports began emerging that the administration was considering taking a stake in the company. 'The meeting was a very interesting one. His success and rise is an amazing story,' Trump said in a post on Truth Social. 'Mr. Tan and my Cabinet members are going to spend time together, and bring suggestions to me during the next week.'
Yahoo
12 hours ago
- Yahoo
Will we get tariff rebate checks? What the Trump administration says
**Related Video Above: Third stimulus checks were processed in 2021 (WJW/AP) – United States Treasury Secretary Scott Bessent said that although Congress is currently weighing the possibility of sending the American people more money due to tariffs, those checks wouldn't be coming anytime soon. During an interview on CNBC's Squawk Box on Tuesday, Bessent said the revenue from import tariffs will first be put toward the U.S. national debt. Puppy dies after being left in hot car while owner went shopping: sheriff Rumors spread online Friday that the U.S. government planned to issue stimulus checks to taxpayers in certain income brackets. But Congress has not passed legislation to authorize such payments, and, according to the IRS, no new stimulus or rebate checks will be distributed in the coming weeks. The claim is that the Internal Revenue Service and the Treasury Department have approved $1,390 stimulus checks that will be distributed to low- and middle-income taxpayers by the end of the summer. But this claim is false. Noting how S&P Global on Monday affirmed its AA+ credit rating on the United States, Bessent said that he thinks there will be rebate checks in the future, 'But President Trump and I are laser-focused on paying down the debt.' According to Bessent, during the interview, the tariff revenue is rising higher than expected. 'I've been saying that tariff revenue could be $300 billion this year,' he said. Exotic Flower busted twice selling drugs near school: police The American Worker Rebate Act was introduced in July. Its plan would share tariff revenue with qualified Americans through tax rebates. The proposed rebates would amount to at minimum $600 per individual, with additional payments for qualifying children. Rebates could increase if tariff revenue is higher than expected. Taxpayers with an adjusted annual gross income above a certain amount — $75,000 for those filing individually — would receive a reduced rebate. Neither the Senate nor the House had passed the American Worker Rebate Act as of Tuesday. It was read twice by the Senate on July 28, the day it was introduced, and referred to the Committee on Finance. Bessent said on Tuesday that the Trump administration's plan is to start paying down debt, but then plan to use the money, 'as an offset to the American people.' Bessent did note that he hopes there could soon be lower interest rates for Americans to help relieve financial stress. It is important to note that a stimulus check and a rebate check are not the same thing. A rebate is a refund of something already paid for, while a stimulus is simply money given to pump up the economy. The U.S. Senate is currently on break for the summer and is back in action on Sept. 2. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
