we're going to hear more from bernard arnault.the set in paris, becky. >> andrew, thank you. this has been excellent. more excellent stuff to come. also later on this morning, sky rich capital's anthony scaramucci will join us where erresident trump is scheduled to speak. "squawk box" will be right back. (♪♪) what took you so long? i'm sorry, there was a long line at the thai place. you get the sauce i like? of course! you're the man! i wish. the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com okay, team! oh, thank you so much i couldn't have done it without you. honestly, i don't do a whole lot here. i'm really just here for the at&t internet, it's super-fast so, any pre-launch concerns? what if nobody buys them? that's mean or, what if everybody buys them? oh, i hadn't thought of that that's probably not gonna happen can we handle that kind of traffic? the network ca

arnault, the heads of coca-cola, youtube, tiktok and samsung are invited, all of them are reported macron tried to convince that, amid the political upheaval in france , it is necessary to maintain olympic calm and continue to invest in the country, although the news is alarming. expected gdp growth does not reach 1%. imagevo supports mock, the right to host the 2030 winter games has once again gone to france. however, there were simply no applications from other countries, so this cannot be called an honest, beautiful game, everything is like with the current olympics. alexander khristenko, inna koshkina, lead. today in sicily all flights have been cancelled, flights were prevented by the eruption of etna, the largest. volcano of europe. the column of smoke reached a height of 8 km. ashes immediately covered 12 districts in southern sicily. local authorities recommend that residents and tourists wear masks to avoid inhaling harmful emissions. it is prohibited to go to the volcano get closer, but some extreme sports enthusiasts take risks to capture spectacular footage. scientists warn th

. >>> and lvmh owner bernard arnault net worth tumbles.busy day of earnings with results from honeywell and american airlines. the ceo of american airline ans and ceo of southwest airlines will be on this morning. >>> one thing to be key focus for the investors today following the selloff. look at the futures here. a mixed picture here. the s&p is lower. the dow would open up 40 points higher. the nasdaq is 60 points lower right now. let's bring in jay hatfield. great to have you here in studio. >> thanks, frank. great to be on. >> i'm sure your phone was ringing off the hook from clients. yesterday, what we saw was the tech selloff. it was spurred by alphabet. do you believe that is the beginning of the trend downside momentum? >> it started two weeks ago with a very soft print in cpi and ppi. that locks in pce to be either zero or .1%. you made the september cut virtually certain. that kicked off rotation and a hedge fund meltdown. it was too long tech and short value income and short caps. that will continue through the fall. that is wh

we will be joined by bernard arnault at 12:00 p.m.. >>> and let's look at the jump in the second quarter by essilor luxottica. take a look at the shares up 7.6%. >>> mercedes has lowered the top end of the target after a 27% drop of car earnings in the second quarter amid subdued demand in asia. earnings fell 19% on the year. slightly less than analysts had expected. >>> basf posted a second quarter revenue miss. revenues sank to 1.6 billion euro as volumes rose. ebitda grew 7% on the year. still off by 2.7%. >>> pushing on to thyssenkrupp. the company does not expect to see a near-term pick up for the industrial products. the company expects an operating profit of 500 million euro for the fiscal year with the sales set to fall by 6% to 8%. full results are due on august 14th. shares, take a look at this, off 8.8%. >>> holcim cut guidance after sales in the second quarter fell 1.6% to come in below expectations. the building materials group pinned the slowdown on unfavorable weather in the u.s. impacting construction projects and disa

. >> kelly, bernard arnault, one of the most revered entrepreneurs in the world, and he built one ofand he threw a gala last night with comcast, the parent company of this network, and everyone came to kiss his ring and to learn from him. it was fascinating to watch all this happening as the olympics as we mentioned, getting under way. i should mention, it feels like it's starting to rain, guys. >> oh. >> hopefully it's not going to rain too much given that this is all happening on the river, but i know i'm looking forward to seeing lebron james and coco holding the flags for the u.s. this evening, and seeing everything really kick off tomorrow. >> you know, it's a feel-good moment, and brian roberts put out a note to the whole company and he said his dad used to talk wha about what we do. we bring joy and happiness. i don't want to ask you about the trade problems, or the seine or the water if it keeps raining. we'll soak it in and come together. >> it's going to be great. >> it's going to be. yeah. >> it's going to be great, and it really does transcend things in a very, very speci

arnault of lmvh.th barry diller both of those interviews right s. >>> we've been following this breaking news in paris as the olympics gets under way. french authorities say several, quote, coordinated criminal and malicious acts overnight on a number of high-speed train lines are causing major travel disruptions across the country ahead of the opening ceremonies for the olympics today. france's transport minister saying an investigation is under way into the massive attack. the country says around 800,000 travelers will be affected. what a mess. >> yeah. very unfortunate. the opening ceremony at the paris olympics is kicking off today, and andrew sorkin is right there. he's got a lot of top business leaders as well that he has been speaking to. love hearing from arnaud who we rarely get to hear from. >> thank you. we'll show you that in a moment. before we do that, comments from barry diller, but before we do that, i want to read you a comment from charles barkley. the big conversation happening here

well, two main people, macron, the president of france is the customer, and there is one bernard arnaults a man who is constantly one of the three richest people in the world, and he is the owner of these largest brands. which is represented by luxury, this is louis vuitton, which means maet, champagne, hennessy, all these here. yes, just a second, why, why, so to speak, this shabby, well, everything is quite simple, after all, philanthropic forces are coming to power in europe, here we must say directly, well, just look at what they write there in universities, all others, this line, it is also called the new scientists, and this is the line that all religious values ​​should be completely discarded, they want to say, comrades, well, you personally discarded it for yourself, yes, well, okay, you arno, macron, you can do whatever you want, so to speak, but why do we need hundreds of millions of people to teach them, should they go to church or not, should they baptize their children or not, but no, these are the people who are advancing, are advancing, and many, of course, believe that t

let's not forget the world's richest man, bernard arnault, who is that? the guy from louis vuitton.ryone out there owns one or two louis vuitton bags. here is the thing, they're a little more expensive, when i see folks out there, i say don't have the bag, use it once, want it in a box, one day put it up for auction. if you wear it to impress your friends, you're in a whole lot of trouble. they love the younger audience and it is watches. look at that spike, they love to own watches. i own 35 watches. they're not all rolexes. watching investing is intimidates not all the time. last year these are the watches that moved up the most percentagewise. grand seiko, from 2400 bucks, up 21% last-year. these are watches that are affordable, according to crona 24 magazine. but if you really want to get into the game, right, we have the man with us for you right now in studio. we'll talk about how to really, really invest in big time stuff. the chairman of head of watches paul putross. >> thanks for having me on the show. jackie: charles: are you surprised last year in the interest from young

let's not forget the world's richest man, bernard arnault, who is that? the guy from louis vuitton.t there owns one or two louis vuitton bags. here is the thing, they're a little more expensive, when i see folks out there, i say don't have the bag, use it once, want it in a box, one day put it up for auction. if you wear it to impress your friends, you're in a whole lot of trouble. they love the younger audience and it is watches. look at that spike, they love to own watches. i own 35 watches. they're not all rolexes. watching investing is intimidates not all the time. last year these are the watches that moved up the most percentagewise. grand seiko, from 2400 bucks, up 21% last-year. these are watches that are affordable, according to crona 24 magazine. but if you really want to get into the game, right, we have the man with us for you right now in studio. we'll talk about how to really, really invest in big time stuff. the chairman of head of watches paul putross. >> thanks for having me on the show. jackie: charles: are you surprised last year in the interest from young adults i

let's not forget the world's richest man, bernard arnault, who is that? the guy from louis vuitton.out there owns one or two louis vuitton bags. here is the thing, they're a little more expensive, when i see folks out there, i say don't have the bag, use it once, want it in a box, one day put it up for auction. if you wear it to impress your friends, you're in a whole lot of trouble. they love the younger audience and it is watches. look at that spike, they love to own watches. i own 35 watches. they're not all rolexes. watching investing is intimidates not all the time. last year these are the watches that moved up the most percentagewise. grand seiko, from 2400 bucks, up 21% last-year. these are watches that are affordable, according to crona 24 magazine. but if you really want to get into the game, right, we have the man with us for you right now in studio. we'll talk about how to really, really invest in big time stuff. the chairman of head of watches paul putross. >> thanks for having me on the show. jackie: charles: are you surprised last year in the interest from young adults

let's not forget the world's richest man, bernard arnault, who is that? the guy from louis vuitton.owns one or two louis vuitton bags. here is the thing, they're a little more expensive, when i see folks out there, i say don't have the bag, use it once, want it in a box, one day put it up for auction. if you wear it to impress your friends, you're in a whole lot of trouble. they love the younger audience and it is watches. look at that spike, they love to own watches. i own 35 watches. they're not all rolexes. watching investing is intimidates not all the time. last year these are the watches that moved up the most percentagewise. grand seiko, from 2400 bucks, up 21% last-year. these are watches that are affordable, according to crona 24 magazine. but if you really want to get into the game, right, we have the man with us for you right now in studio. we'll talk about how to really, really invest in big time stuff. the chairman of head of watches paul putross. >> thanks for having me on the show. jackie: charles: are you surprised last year in the interest from young adults in watche

arnault, as the olympics get under way in paris.ross hairs. "squawk box" will be right back. [window slamming] woman: [gasps] [dog barking] ♪ woman: [screams] ♪ [explosion] [explosion] ♪ [lock clicks shut] >>> if the democratic party nomination is like a job application, vice president kamala harris is going through a highly unusual interview process, considering the circumstances. is this a good way to find the best person for the role? well, we have the right person here to weigh in on that, jon fortt. >> becky, well, know, this is not a fair process. it is the equivalent of a company posting an open job, but the hiring managers already have an internal candidate handpicked. here is how we got to this place. president joe biden was 78 years old and sworn in as president in 2021, old but workworkable. today is a different story. he didn't face a serious democratic party challenger in this 2024 election cycle. meanwhile, handlers shielded him from speaking on his feet and speaking off script to the broader public. his debate with do

bernard arnault was racing over to a lunch that president macron was holding with a number of big ceoszman and others all descending here on paris for the olympics. >> you spoke to barry diller about the 2024 presidential race. what did he tell you about the candidacy of vice president kamala harris? >> reporter: one of the conversation happening here among just about everybody is what's happening in the u.s. when it comes to politics. as i mentioned jill biden was here starting yesterday. i did speak with barry diller, who has been a long-time democrat who has been calling for joe biden to step down, in fact. here's what he had to say about the next step for vice president harris and her campaign. >> the next big test point is who does she choose. hopefully -- and i think she will -- she'll choose somebody absolutely, absolutely in the sphere of reasonability and certainly competence. if she does that, that next data point will, again, ensure her possibilities. >> reporter: the mood here around who may become the president has clearly shifted. the expectation a week and a half ago wou