#squawkbox

US Top News and Analysis | EBay rejects GameStop's $56 billion takeover bid, calling it 'neither credible nor attractive' AI generated summary, Read the full article for complete information. eBay’s board rejected GameStop CEO Ryan Cohen’s unsolicited $56 billion, $125‑per‑share cash‑and‑stock takeover proposal, calling it “neither credible nor attractive.” eBay cited uncertainty over GameStop’s financing, operational risks and the debt the deal would create, noting that while Cohen said he had secured a $20 billion commitment from TD Securities and $9 billion in cash, a significant funding gap remained. Analysts also questioned the lack of clear synergies between the two companies. Cohen pledged to run eBay more efficiently—cutting headcount, reducing marketing spend, and using GameStop’s 1,600 U.S. stores for order fulfillment and live‑commerce hubs—but eBay reaffirmed confidence in its current management, citing a successful turnaround that has already lifted its shares about 24 % this year. Read more: https://www.cnbc.com/2026/05/12/ebay-rejects-gamestops-takeover-ryan-cohen.html #EBay #GameStop #RyanCohen #PaulPressler #JamieIannone #TDSecurities #CNBC #SquawkBox #

US Top News and Analysis | Hassett says AI isn't costing anybody their job right now — but tech layoffs keep coming AI generated summary, Read the full article for complete information. National Economic Council Director Kevin Hassett told CNBC’s “Squawk Box” that, despite a wave of tech layoffs at companies such as Amazon, Meta, Oracle and Block, there is “no sign in the data” that artificial‑intelligence technology is currently costing anyone their job; he emphasized that the administration is studying AI’s future impact on the workforce and has set up a task force to assess it, while firms cite AI‑driven automation and the move to smaller, highly skilled teams as reasons for recent staffing reductions. Read more: https://www.cnbc.com/2026/05/11/trump-white-house-hassett-ai-jobs.html #KevinHassett #EconomicCouncil #CNBC #SquawkBox #WhiteHouse #Amazon #Meta #Oracle #Block #Square #

#CNBC is full of prostitutes screaming this morning. They say "we've gone from market euphoria to market Armageddon." But US stocks are off to the worst start since before 1995. I smell the bordello burning. #Squawkbox #JoeKernen !