Jon Fortt
@jonfortt
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Co-Anchor, @CNBCOvertime . Creator, Fortt Knox. Debater, On the Other Hand. Convener, Time Out.
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Robert E. Lee was not an honorable man. Kelly’s statements about the Civil War show a surprising lack of knowledge of U.S. history.
White House Chief of Staff John Kelly says "lack of an ability to compromise" led to Civil War
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You forgot
1. Co-founding Apple and building Pixar
2. Taking profits from early work at Oracle to found Siebel Systems
3. Making up stories like Harry Potter (U.K., I know, but still)
4. Providing a better service for financial data
5. Building a PC company from your dorm room
There are basically 5 ways to accumulate a billion dollars in America:
1) Profiting from a monopoly
2) Insider-trading
3) Political payoffs
4) Fraud
5) Inheritance
None of these has anything to do with being successful in the supposed free market.
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@edmundlee
The fascinating problem here is that it penalizes the family that sacrifices to put a child in a better-performing high school and a less dangerous neighborhood. Even though the goal is to get into the best possible college, in a nice neighborhood.
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Just a man and his iPad. I shot this photo at the
#Apple
#iPad
introduction, 11 years ago today. I had a good seat,
@waltmossberg
. $AAPL earnings after the bell.
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About five years ago, I met with
@coinbase
CEO
@brian_armstrong
to get to know the company. I downloaded the app and he sent me $1 in
#Bitcoin
to show me how it works. I decided to keep the $1 to track Bitcoin’s progress:
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@carlquintanilla
@SnowflakingHard
@SteveKopack
@CNN
@hblodget
@SaraEisen
In fairness, that particular NATO leader probably hadn't paid his 2%
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I met with
@brian_armstrong
at The Creamery in San Francisco on 7/24/15. He wanted to show me how his
@coinbase
app worked, so he sent me $1 worth of $BTC. Here it is today:
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I don’t know about the rest of you watching
@CNBC
, but I’m enjoying Ski Chalet Bond Villain Sorkin
@andrewrsorkin
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Dawning on me that some of the high-horse voices out there have no idea who the impacted
#SVB
depositors are. They don’t cover entrepreneurs. Too busy hate-scrolling
@Jason
,
@DavidSacks
&
@mcuban
, writing think pieces about “big tech.” Do more reporting, people.
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I speak with
@Nvidia
CEO Jensen Huang minutes after the $NVDA call with the stock up 9%. We discuss
#OpenAI
's
#Sora
driving further demand, why Nvidia can continue to thrive as the market shifts to inferencing, and more.
@CNBCOvertime
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Great piece on
@karaswisher
. If you don't respect her intelligence, her independence and her network, you haven't been watching closely enough.
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In restaurants you don't wear these most of the time. In big box stores, you do.
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Apple v FBI debate remind anyone of Jurassic Park? "We want you to create mutant dinosaurs, but only for safe captivity on this one island."
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Smart move, Gillette. And anybody who has a problem with this ad needs to check his values. This isn't anti-masculine. It's anti-jerk.
“Boys will be boys”? Isn’t it time we stopped excusing bad behavior? Re-think and take action by joining us at .
#TheBestMenCanBe
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I can't think of a country I want to visit badly enough to hand over this info to its government
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The American “evil billionaire” narrative has a LOT of similarities to the global “evil American” narrative, so we might want to be very thoughtful about how we proceed here.
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I guess you can’t attack the infrastructure of American democracy and capitalism and assume you still get to use all your internet services.
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Um,
@tyler
, this was broadcast live on cable TV. I’d personally be happy to see it streamed for free in full, but the fact that you can’t get everything you want without paying isn’t censorship.
Dear
@CNBC
the full video clip is behind a paywall. Please remove the paywall so everyone can see the full discussion of
@cameron
and I talking about
#wallstreetbets
with
@seemacnbc
,
@carlquintanilla
, and
@jonfortt
. Retweet this to stop the censorship.
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Good for L.L. Bean. Freeloaders are awful.
.
@LLBean
revises generous return policy because "a small, but growing number of customers has been interpreting our guarantee well beyond its original intent. Some... expecting refunds for heavily worn products used over many years."
Now returns limited to 1-year.
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Accurate?
Ackman: Claudine Gay plagiarized!
Gay Defenders: It’s not really plagiarism, just missing quote marks and boilerplate ideas.
BI: Ackman’s wife also plagiarized!
Ackman: It’s not plagiarism, just missing quote marks and boilerplate ideas & I’ll show all of MIT does it.
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Bitcoin this morning dropped below $26,000. So which will come first, more losses or a rebound?
#Bitcoin
20,000, or $BTC 35,000? I argue both sides in the latest On the Other Hand, on
@SquawkCNBC
.
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I don't understand these people who can't keep their masks on during a flight. I just finally had to ask this dude sitting across the aisle from me to put his back on.
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I spoke with
@intel
CEO
@PGelsinger
this morning about the $INTC $20B chip fab commitment in Ohio. Site is within a 3-hour drive of 5 other states. Follow-on economic impact of such a site is huge for the Midwest.
@SquawkCNBC
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I don’t care if you’re a senator or not: If you can’t advance beyond a 3rd-grade understanding of the First Amendment, I can’t take your opinions about Section 230 seriously anymore.
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This is literally what Jesus would do. As in, did.
A girl with Down syndrome, got up during a regular papal service & went toward
@Pontifex
Security men quickly moved in 2 take her back to her mom. The Pope stopped them & said to her "come sit next to me.” She then sat down near him and he continued his homily, holding her hands
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All of these pro-Rogan freedom fighters seem to be forgetting about the freedom of artists to pull their music and the freedom of subscribers to cancel their subscriptions. That's not censorship. It's a free market.
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It occurs to me that with streaming, Hollywood’s making the mistake newspapers & magazines made with the web 25 years ago: Flooding the market with content & crushing the value of creators, then trying to fix it by forcing creators to accept worse wages.
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As someone who lived in California for 14 years, I can confirm that I just felt an earthquake in Northern New Jersey.
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I find it hilarious that the government takes partial credit here for the success of $AAPL’s iPod, as if Steve Jobs didn’t have to cut a deal with them HP CEO Carly Fiorina to seed the distribution of iTunes on Windows.
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Just this once, I'm giving investment advice. The rate on I bonds right now is 7.12%, because it's pegged to inflation. It hasn't been this high in more than 20 years. Linking the WSJ story that made me aware of the value of I bonds last year:
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#Inflation
has peaked so many times this year, I'm losing count. 🥸
9.1% for June, 5.9% core
#CPI
. Get ready for an interesting trading day, especially in growth tech &
#crypto
. $SPX
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Yep. Black privilege.
@CNBCDisruptors
@CNBC
@JBoorstin
@jonfortt
Why is Jon Fortt the only CNBC’er to not wear a tie? Privilege of some kind??
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Heading into a new week, some thoughts on $GME, $AMC and other meme stocks, and the retail investor:
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On my to do list: Buy pink suit
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Someone tweeted at me today that I always think I’m right, which is funny because I launched a newsletter this week about looking at the opposing argument, based on a weekly segment I’ve done for 3 years. “I might be wrong” is literally part of my brand
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I've been memed!
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I'm a preacher's kid, so I tied a lifetime's worth of ties before I turned 13.
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I believe Black analysis was legalized in 1983.
@SquawkCNBC
@jonfortt
It’s quite obvious over past two years CNBC is intentionally bringing on black analyst guests. How is this legal now?
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@KellyCNBC
Congrats guys! In this environment, deals are taking longer to close, many getting pushed into the next quarter.
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I'm disgusted by the people trashing VP Mike Pence for how he practices his faith. Hypocrites, really.
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Since Gene Simmons is trending, I'll leave my Fortt Knox interview with him from 2017 right here:
@genesimmons
@CNBCTechCheck
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My take: Facebook buying Giphy is less about engagement and more about data. Think about it: Even if FB can’t see the private messages you’re sending, if they can see the GIFs you’re searching for, they get a clue about how you’re thinking & feeling.
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Apple TV+ at $4.99 for a family subscription, a year free with purchase of an iPhone, iPad or Mac is EXACTLY what Apple needed to do.
#AppleEvent
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Lots of armchair analysis of
@Intel
earnings this morning. I'll say this: There are very few people in the world who know what’s possible in chip design and production over the next two years, and none of them work at CNBC. Let's see if
@PGelsinger
can execute. High stakes. $INTC
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He was just trying to sell snowboards online in the shop he built, Snow Devil.
@tobi
wasn't trying to start
@Shopify
, the fast-growing
#ecommerce
platform worth more than $73 billion today. Then it stopped snowing. $SHOP
@harleyf
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39.5 years later, still love a multipen
#Bic
.
@jonfortt
with that multi-color pen we all got for our birthday when were 6
@CNBCTechCheck
🖊 🚀
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The biggest winner in that Oval Office confrontation between Trump, Pelosi and Schumer? Sundar Pichai.
#newscycle
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This makes me want to stage a rap battle on
@CNBC
.
“This is crazy. Two mega-rich dudes dissing each other in the most personal way. It would be like if a rap battle was on CNBC.” — TREVOR NOAH
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7 yrs ago I joined CNBC. Silicon Valley bureau had 4 ppl: Editor, photog, producer, me. Now I'm in NYC. Our SF bureau's huge.
#timeflies
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I had a good seat at the
#iPad
unveil 10 years ago. I snapped this pic of Steve Jobs using it on stage.
#ipad10years
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Asking people to back up assertions on my show isn’t a “hill to die on.” It’s “my job.”
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Fun fact: I'd been at
@CNBC
a few months when
@SandyCannold
told me, "tech guys don't wear jackets and ties. Pick tie and no jacket or jacket and no tie." I picked the latter.
@andrewrsorkin
&
@JoeSquawk
don't wear jackets on
@SquawkCNBC
. But my mom says I'm special, so ...?
@jonfortt
Why are you the guy who won't wear a coat or tie like all the professionals do? Are you special, privileged even?
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If
@Microsoft
buys
@tiktok_us
, it will blatantly flout Nadella's stated enterprise-led strategy and will make me question their focus. What, with cloud, devices and gaming they don't have enough to do?
#Microsoft
#TikTok
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And THIS is why Apple and others won't trust the government with a back door:
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So Sandberg DID yell at Stamos for telling the board the Russia situation would get worse before it got better, and Facebook DID pay Definers to do work its leaders now say they’re ashamed of. Seems they should be thanking the NYT for getting it right.
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@AwesomeDurell
@edmundlee
I'm not saying that. But some families opt to move out of a home and squeeze into an apartment to do it, or take on additional jobs/shifts. It's more important to some than others.
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Congratulations to
@DePauwU
for bringing home the
#mononbell
in the 128th classic, 49-14! Win earns the Tigers the
@NCAC
title and the DIII playoff bid.
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The confounding thing about the
#Southwest
Airlines $LUV debacle is, it's precisely the kind of scenario cloud + AI should be able to solve. Planes, crews, schedules, passengers, bags, weather. Game it out, right? What am I missing?
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$GOOGL headcount, according to SEC filings:
As of 9/30/22, 186,779 employees +30K
As of 12/31/21, 156,500 employees +21K
As of 12/31/20, 135,301 employees +16K
As of 12/31/19, 118,899 employees
This 12,000 cut is less than 6 months worth of hiring.
@CNBCTechCheck
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I put a little something together to remind myself why I started a digital brand. What motivates you?
#forttknox
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Chillin with the usual number of black people on this flight to Aspen
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Ahead of tonight’s special, $MSFT CEO
@satyanadella
joins me live on
@CNBC
@CNBCFastMoney
in moments
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Oh, come on. What we’re seeing now is entirely consistent with what we’ve seen all along.
"Most of us--almost all of us except I guess the people who are in the inner circle right now didn't sign up for what you saw last night. We signed up for making America great again," says
@MickMulvaney
. "Clearly he [
@realDonaldTrump
] is not the same as he was 8 months ago."
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Incoming
@Intel
CEO
@PGelsinger
grew up intending to be a farmer. As he told me in this
#ForttKnox
interview a few years ago, circumstances pulled him in a very different direction.
#intel
#vmware
$INTC $VMW
#calling
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@DivesTech
@LastCallCNBC
Here's the whole thing:
I speak with
@Nvidia
CEO Jensen Huang minutes after the $NVDA call with the stock up 9%. We discuss
#OpenAI
's
#Sora
driving further demand, why Nvidia can continue to thrive as the market shifts to inferencing, and more.
@CNBCOvertime
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This is the best review I’ve read in a long time. It uses fact-based observations to simultaneously praise Apple’s engineering and rip the HomePod’s human interface design to shreds.
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On 7/24/15 I met
@brian_armstrong
for coffee in SF. He sent me $1 worth of
#Bitcoin
to demonstrate how
@coinbase
worked. Here’s that $1 today, as
#coinbase
joins the public markets.
@CNBCTechCheck
#Ethereum
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Giant of my alma mater. Trailblazer. Proud to have met him and swapped
@DePauwU
stories. A real guy. I mean, he told some I can’t repeat – after knowing me for 20 minutes.
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