that's because cdw solutions architects are building more resilient it and electrical infrastructuresschneider electric. with eco care remote monitoring services, and 24/7 support, your organization has the power to do more than keep the lights on. make amazing happen schneider electric and cdw. francine: chanel is behind some of the most recognizable designs and fragrances in modern fashion. the french luxury house is still privately held by the billionaire family wertheimer, involved with the company over the past century. i continue my rare interview with the firm's chief executive, leena nair. ♪ do you see that, again, the high-end luxury, does that even go higher in luxury? that actually there's a lot of players in the fashion world right now, in the luxury world, and it's really the ones that are very high that will do well. and does that also justify some of the price increases that we have seen at chanel? leena: you know, our prices are related to our cost prices. we use exquisite raw materials. and our production, as you know, is very rigorous, laborious, handmade. so we rais

that's because school districts consulted with cdw to design modern classroom solutions with preconfiguredp devices making education immersive, accessible and secure. now, when researchers study elephants, kids learn from 9000 miles away. make amazing happen. hp and cdw. >>> welcome back to "worldwide exchange." the white house announcing the latest chips act recipient with $6.5 million going to the rogue valley devices. the companies on the receiving end of the larger multibillion dollar awards are getting scrutiny from washington leaders. we have emily wilkins with more. good morning, emily. >> reporter: good morning, frank. democratic lawmakers are raising questions if some of the companies who received millions or billions in the federal funding for semiconductors used the funds to buy stock buybacks. bae systems in the same period set to receive a an $35 million award from the chips act. intel has received $8.5 billion in chips funds has been approved for $7 billion in buybacks and the ceo promised a healthy dividend last year. so now we have senator elizabeth warren who led the heard

that's because school districts consulted with cdw to design modern classroom solutions with preconfiguredcation immersive, accessible and secure. now, when researchers study elephants, kids learn from 9000 miles away. make amazing happen. hp and cdw. >>> welcome back to "worldwide exchange." top executives from airlines and defense contractors are meeting at farnborough air show outside london this week as they discuss the disruption. our phil lebeau is on the ground at the show and now joined by a special guest. phil, good morning. >> reporter: thank you, frank. i'm joined by the ceo of air lease. john, we will talk about the show here and the orders and how you feel about the business. i have to start off with president biden's decision not to run for re-election. does that change the calculus with air lease as you work with the government apparentnd regul? >> we work with so many on either side of the aisle over the last 40 years, we will work with either administration or tax changes. we are a global business. we will be very, very cued in on that. in terms of the aircraft side, we do

that's because cdw designed and built a solution with cisco security.ection, defends against attacks and makes better decisions in real time. so warehouse and customer data stay protected every step of the way. make amazing happen. cisco and cdw. did you ever worry we wouldn't get to enjoy this? [jeff laughs maniacally] (inner monologue) seriously, look at these guys. they are playing great. meanwhile, i'm on the green and all i can think about is all the green i'm spending on 3 kids in college. not to mention the kitchen remodel, and we'd just remodel the bathrooms last month. with empower, i get all of my financial questions answered. so i don't have to worry. so you're like a guru now? oh here it comes— join 18 million americans and take control of your financial future with a real time dashboard and real live conversations. empower. what's next. >>> welcome back to "worldwide exchange." time for the big money movers. we start with burberry falling in london. the retailer firing the ceo after two years. sales dropping 20% in the first quarter. burber

that's because cdw designed and built a solution with cisco security.o warehouse and customer data stay protected every step of the way. make amazing happen. cisco and cdw. ♪ ♪ ♪ ♪ make amazing happen. ♪ ♪ ♪ ♪ >>> welcome back. here's a quick glance at markets, which have moved toward session highs with the dow up 61 points, and it's the laggard, although it is helped by apple, which happens to be one of nfl legend eddie george's picks in this year's stock draft. eddie now has a commanding lead, up 43% thanks to his selections of apple and his top pick, nvidia. >> wow. scorching. >>> we only have a couple minutes left in the show, want to look at a few vacation stories in honor of this friday, which are getting some attention on cnbc.com. of course, sseema mody is here o help us. >> travel is on everyone's mind. 36% of americans say they are willing to go into debt to pay for a vacation. on the surface, it doesn't seem like a good practice, financially, but emotionally, spiritually, taking a vacation, of course, can be good for you, an opportunity to cr

that's because cdw designed and built a solution with cisco security.nds against attacks and makes better decisions in real time. so warehouse and customer data stay protected every step of the way. make amazing happen. cisco and cdw. >>> netflix climbing back towards the 2021 pandemic highs as it shifts focus from growth to profit. my next guest thinks its ad tier can take the stock to new highs. joining me is alicia reese, equity research, covering media and entertainment. do you think the earnings tonight will be part of the story? >> i do. i don't expect a blowout to be necessarily on the earnings tonight. i think netflix is poised to come in line with expectations, more or less, and expectations are fairly high. what i'm excited about is the third quarter guidance i think expectations are relatively in line q3 -- q2 to q3, and our survey work indicates there is going to be an acceleration from quarter to quarter despite the olympics i think part of that is due to net netflix's shoulder programming around the olympics, like "sprint," "simone biles r

that's because cdw designed and built a solution with cisco security. to end protection, defends against attacks and makes better decisions in real time. so warehouse and customer data stay protected every step of the way. make amazing happen. cisco and cdw. ♪ >>> welcome back to "the exchange." interesting playing out today, the dow is well off its 300 point highs and the ten-year treasury, that's up almost 25 basis points over the past week to over 4.50. up nine points to 5470 roughly for the s&p. boeing is said to buy spirit aerosystems in the $4.7 billion all-stock deal now. they agreed to pay $37.25 per share in boeing stock. boeing had spun off the operations if it became spirit. spirit shares are off 3.5% and now outgoing ceo dave calhoun says bringing spirit back inhouse will outline the workforces. he expects the deal to close next year while it is subject to regulators. airbus has reached an agreement where the european manufacturer will get half a billion from the company to acquire their money-losing manufacturing lines and spirit was split.

that's because school districts consulted with cdw to design modern classroom solutions with preconfiguredow, when researchers study elephants, kids learn from 9000 miles away. make amazing happen. hp and cdw. step one be terrible. step two be slightly less terrible. ugh. ah! come on. step three. que gusto conocerte por fin discover that practice doesn't make perfect. practice makes progress. hola tio! listo para improvisad. espanol. muy bien. vamos. babble. every step is a step in the right direction. >>> the opening bell is brought to you by nuveen, a leader in income, alternatives, and responsible investing. >>> all right, let's get to a "mad dash." loud crowd here. lot of earnings. honeywell. >> in the few seconds before i can't hear you whatsoever, honeywell reported a mixed quarter. they're setting up for a very strong 2025. they did have margin pressure this quarter, some of it related to deals. we're telling people not to panic at the club because it's been -- it does have a new ceo, and i can tell you, i am very disappointed in 2024. i expected better. and that's okay. i deserved

dell technologies data solution.ore automation led to greater efficiency, which means creativity stays the star of the show. make amazing happen. dell technologies and cdw. with powerful, easy-to-use tools, power e*trade makes complex trading easier. react to fast-moving markets with dynamic charting and a futures ladder that lets you place, flatten, or reverse orders so you won't miss an opportunity. e*trade from morgan stanley is it me... or is work not working? at least, not the way it could work. your people are buried in busy work. and you might be thinking... can ai make it all work? it can. on the servicenow platform, ai transforms your entire business. because when your people work better, everything works better. so, let's get to work. idris elba works here? mm-hmm. ya, he's super nice. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com.

lenovo and cdw. >>> welcome back. next guest says that move could be the first step in a policy mistake that could spoil the chances of a soft landing. he sees a 50% chance of the market getting out unskcatheuns. joining me now is mohamed el-erian. great to see you. welcome. >> thanks for having me, kelly. >> do you think they should cut today? >> i do. i'm in the camp that they should cut today, because the economy is weakening much faster than they are -- than they realize. >> what do you point to for that? >> so first, i listen very carefully to what the companies are saying, and whether it's starbucks, mcdonald's, go down the list, they're all pointing to softening demand, and a loss of pricing power. secondly, i look at the cracks in the labor market, and i worry about that. and then i also look at what's happened to the lower segment of the consumer, and there's real pain there already. so when you put those three things together, there is a risk that they build on each other. and the next thing you know, you ar

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