Kara Swisher on Tesla: It’s good that Elon Musk is showing off the CybertruckRecode co-founder Kara Swisher joins “Squawk Alley” to discuss Tesla CEO Elon Musk’s bumpy ride in his new Cybertruck as well as his defamation case.

Amazon’s cloud claim of being superior to Microsoft is valid, says Goldman’s Heath TerryHeath Terry, Goldman Sachs senior internet analyst, joins “Squawk Alley” to discuss Amazon’s claim that the Department of Defense’s JEDI project was unfairly given to Microsoft.

Sir Richard Branson poses on floor of New York Stock Exchange (NYSE) with Future Virgin Galactic space traveller Jennifer Rallison from Canada as Virgin Galactic (SPCE) began public trading in New York, U.S., October 28, 2019. Check out the companies making headlines midday Monday:Virgin Galactic — Morgan Stanley initiated coverage of Virgin Galactic with an overweight rating, sending the stock up more than 12%. The analyst also issued a $22 per share price target for Virgin Galactic, a 203% ups

A mid-September cash crunch led to a spike in very short-term rates in the repo markets, where banks exchange high-quality collateral for cash with an agreement to buy back those assets with interest. “The resulting drain and swings in reserves are likely to have reduced the cash buffers of the big four banks and their willingness to lend into the repo market.” Specifically, in the event that the Treasury continues to draw reserves down, banks will be unlikely to want to release theirs. “If it p

Goldman Sachs is a big believer in gold for the year ahead, and one of the main reasons is the advent of an increasingly popular economic approach that encourages government deficit spending. “In the next recession, our US economists do not expect governments to adopt direct monetary financing and expect inflation to remain firmly anchored,” Mikhail Sprogis, precious metals analyst at Goldman, said in a research note. “But this doesn’t necessarily prevent an increase in debasement concerns if co

The streaming wars got underway last month with the launch of Disney+, the media giant’s subscription service priced at $6.99 a month, a direct competitor to Netflix. But one analyst has warned that these services are unlikely to make money in the next five years, because the amount they will take in subscription fees won’t exceed the sums needed to make new content. According to Brian Wieser, GroupM’s global president of business intelligence, streaming services will spend an extra $4 billion e

LONDON, ENGLAND – OCTOBER 19: Prime Minister Boris Johnson leaves Downing Street for the House of Commons on October 19, 2019 in London, England. British Prime Minister Boris Johnson came under fire on Monday for his response to being shown a photo of a sick child lying on a hospital floor ahead of the Dec. 12 election. Johnson initially avoided looking at the phone, and instead began describing his investment plans for the National Health Service (NHS) while saying he had not had a chance to se

Saudi Arabia on Monday announced a 1.02 trillion riyal ($272.00 billion) budget for 2020, a slight fall in spending that reversed three years of expenditure hikes aimed at spurring growth. Revenues in 2020 are forecast at 833 billion riyals, widening the budget deficit to 187 billion riyals, or 6.4% of gross domestic product (GDP), as compared with a projected deficit of 131 billion riyals in 2019, according to the budget document. “The (2020 budget) revenue projections look realistic in our vie

“It’s a national imperative,” Hundt, who led the agency from 1993 to 1997, said on “Squawk on the Street.” The first, more immediate way, rests in the ongoing federal trial around the pending merger of T-Mobile and Sprint. Hundt was referencing the DOJ’s settlement with T-Mobile and Sprint, which includes provisions that proponents argue will facilitate Dish’s ability to build 5G networks. Hundt also said the U.S. military should release its 5G spectrum to the private sector. “We have to hurry u

House Democrats and the Trump administration are near a deal on to replace the North American Free Trade Agreement after more than a year of deliberations, sources told CNBC. House Speaker Nancy Pelosi will make the final scheduling determinations, and the USMCA vote could come in the immediate aftermath of a vote on articles of impeachment against President Donald Trump, these sources said. The Trump administration delivered proposed changes to House Speaker Nancy Pelosi’s office on Saturday, a

An employee rides a bicycle next to oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. The finance minister of Saudi Arabia rejected claims that the kingdom is slowly running out of money, saying that it’s in a better financial position that many other nations across the globe. Saudi Arabia does not openly publish the amount of assets it holds within its wealth fund, known as the Public Investment Fund (PIF). The Sovereign Wealth Fund Institute puts the figure close

screenshotTesla CEO Elon Musk debuted his not-yet-released Cybertruck this weekend, stirring up attention at Malibu’s famed Nobu restaurant. Several videos captured the Cybertruck, which is not due for sale until 2021, driving down Los Angeles roads Saturday evening. The vehicle was spotted the same night parked outside the upscale sushi restaurant Nobu in Malibu, where Musk dined that evening. Musk later came out of the restaurant along with curious patrons, including actor Ed Norton, to take a

Morgan Stanley is cutting roughly 2% of its workforce due to an uncertain global economic outlook, according to people with knowledge of the situation. New York-based Morgan Stanley had 60,532 employees as of September 30. During the post-financial crisis era marked by declining trading revenues, Wall Street firms often cut jobs towards the end of the year to avoid paying out bonuses. Morgan Stanley is the first known instance of this, but other firms will likely announce cuts as planning for 20

The Louis Vuitton and League of Legends collection has finally dropped, and as expected, nothing comes cheap. Pulling from Louis Vuitton branding, all of the items for sale have the iconic flower and star pattern. The prices are steep, but that’s not surprising given the usual pricing of Louis Vuitton items. With an average League of Legends skin costing $10-15, one Louis Vuitton shirt would be equivalent to … (does the math) a lot of skins. Louis Vuitton also made a carrying case for the 2019

Owners of the Oculus Quest virtual reality headset — the stand-alone hardware that we called “the best value in VR currently on the market” — are getting hand-tracking support this week, Oculus announced on Monday. Hand tracking will let Quest owners navigate and control apps using only their hands, without the need for controllers, and the initial rollout will be limited. Oculus calls hand-tracking support on Quest “an early consumer feature” that will be rolled out to developers next week. We’

The potential impeachment of U.S. President Donald Trump does not pose a risk to markets, according to UBS. Last week, House Speaker Nancy Pelosi directed the House Judiciary Committee to draft articles of impeachment against the president following a series of public hearings detailing the administration’s conduct regarding foreign policy in Ukraine. Thus far, markets have shown little reaction to developments in the impeachment inquiry, and this could be down to the unlikelihood that the Repub

U.S. firms dominate a newly published list of arms and military services spend in 2018, accounting for well over half of global sales. SIPRI said Lockheed Martin’s arms sales exceeded $47 billion, boosted by a ramping up of deliveries of the F-35 fighter jet. Combined, these U.S. firms accounted for more than a third of global military spend in 2018 — at an estimated value of $148 billion. Revenue for all the 43 U.S. firms in the list adds up to $246 billion, around 59% of all arms sales by the

Companies with the highest level of carbon emissions will lose 43% of their value by 2025 as governments around the world implement climate policies, a new report has claimed. It analyzed how companies in the MSCI ACWI index — which includes more than 2,700 firms across 49 countries — would be impacted by “an abrupt and disruptive policy response to climate change.” According to the report, an “inevitable policy response” would permanently wipe up to $2.3 trillion from the value of the companies

The Kingdom Tower, operated by Kingdom Holding, left, stands alongside the King Fahd highway, illuminated by the light trails of passing traffic, in Riyadh, Saudi Arabia, on Saturday, Jan. 9, 2016. Saudi Arabia will no longer mandate that restaurants segregate seating areas and entrances according to gender and marital status. “This huge news,” said Sebastian Fish, a Swedish national who spent two years living in Saudi Arabia as an oil engineer and left in 2016. “Any change in Saudi Arabia is al