10AM Hour: Warsh's Next Steps, A Bet On The Buildout, Pantry Profits & Meta's Cloud Ambitions 07/01/26
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 1 July 2026
⏱️ 40 minutes
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| 0:00.0 | That is Warsh with Maclam, Bailey, and the Guard talking to our Sarah Eisen in Central Portugal at the ECB Forum on monetary policy. |
| 0:07.5 | Some of the headlines from Warsh at least. No forward guidance, of course, that became a bit of the running joke. |
| 0:12.3 | But they are going to have, in his words, a good family fight when we meet in a few weeks. |
| 0:16.5 | It says we're in the first or second inning of this AI revolution. |
| 0:20.5 | Independence, we will be an |
| 0:21.7 | independent central bank, no change is there. Some news to come next week on those new task forces, |
| 0:28.2 | and then dots will be present, he said, for a short period of time. I'm Carl Kintaneda with Leslie |
| 0:33.2 | Picker, David Faber, here at Post-Nine of the New York Stock Exchange. Jim has stuck around for a few |
| 0:37.7 | minutes because you're working on some stuff. Yeah, this morning Bloomberg comes out with a very |
| 0:41.8 | important story saying that Meda may be interested in selling compute using its incredible |
| 0:48.9 | resources to make money. Okay, I have confirmed this story. They expect real revenue, |
| 0:53.4 | unmatched distribution, |
| 0:54.4 | and consumer actors, an actual profit for what they have. Actual profit. I wish the other guys |
| 1:01.1 | had actual profit. That's why their stocks are being killed. Now, Mata did not have, you know, |
| 1:05.6 | the stock's been not that great. But, and they're confirming this is just a larger part of |
| 1:09.6 | their, uh, of what they intended, but they have 3.5 billion people, |
| 1:13.6 | and they expect to be able to use their considerable have to make money. |
| 1:18.6 | I take it from, by the way, Walmart has no idea why the stock's down five. |
| 1:21.9 | You want to go by Walmart and find the stock's been a big downturn. |
| 1:24.2 | But I think this is major, and I think the fact that meta has been able to |
| 1:28.0 | stretch, they've got a course, a course of profitability. What are the other guys have? |
| 1:33.2 | Well, Amazon has AWS, which is very profitable. Microsoft has Azure, which is also growing |
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