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contessa, thank you. >> thank you, jp.et's get to dan murphy in london with the early trade there. hi, dan. >> contessa, hi to you. jp flagged the mixed lead from asia. when you pull it back and see how stocks are trading here, you can see london's ftse is pulling back 2%. we are seeing the major markets not really catching too much of a bid here. perhaps just taking a breather and maybe taking their foot off the accelerator after a pretty incredible resilient streak for the stocks. european equities closer higher on friday rounding out the winning streak after the significant bout of market vol volatility. i wanted to flag the losses on xetra dax here in london. 0.9% to the down side. that is because we are seeing significant losses for the defense stocks. when you pull it out and see how the sectors are moving, stocks in germany are moving on the headline that berlin will limit military aid to ukraine due to budget restrictions. we have seen defense stocks selling off across the region. right here, basic resources is lea
contessa, thank you. >> thank you, jp.et's get to dan murphy in london with the early trade there. hi, dan. >> contessa, hi to you. jp flagged the mixed lead from asia. when you pull it back and see how stocks are trading here, you can see london's ftse is pulling back 2%. we are seeing the major markets not really catching too much of a bid here. perhaps just taking a breather and maybe taking their foot off the accelerator after a pretty incredible resilient streak for the stocks....
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Aug 20, 2024
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alice. >> reporter: good morning, contessa. convention night one saw the surprise appearance from vice president harris. focus on reproductive rights, but the theme was the swell of contributes to president biden. president biden and vice president harris side by side on the convention stage p for an unparalleled moment in american politics. >> joe, thank you for your historic leadership. >> reporter: after the vice president's surprised appearance, an emotional joe biden entering to four minutes of thundering applause. >> america, i gave my best to you. >> reporter: the president going on the attack against former president trump touting his own legislative record and praising his second in command turned nominee. >> she's tough, she's experienced and she has enormous integrity. >> reporter: mr. biden soaking in tributes to his leg acy from the party that called for his ouster. >> all these people said i should step down. that's not true. >> reporter: first lady dr. jill biden. >> all he's accomplished in the name of something
alice. >> reporter: good morning, contessa. convention night one saw the surprise appearance from vice president harris. focus on reproductive rights, but the theme was the swell of contributes to president biden. president biden and vice president harris side by side on the convention stage p for an unparalleled moment in american politics. >> joe, thank you for your historic leadership. >> reporter: after the vice president's surprised appearance, an emotional joe biden...
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Aug 28, 2024
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hi, dan. >> hey, there, contessa, good morning to you.s we pull it out, let's look at how markets are trading across the region here because its is calendar right. market investors not just here in europe but worldwide are asking would bit a green light for further global market gains? as it stands right now. london ftse is the only index down 0.05%, holding above the flat line. they've been performing a little better than some of the other stocks, by better than 4.1%. and german index climbing by one half of 1% as well. trade is really light as we countdown to the main event stateside. let's show you what let's moving in sectors. it's banks, retail, oil and gas, and basic resources pulling markets here. basic resources down by almost 1%. but its insurance chemicals and strocks have been helping to drive market gains. contessa, with that, back over to you. >> have a great day in europe. let's get to our top story. as you mentioned, we're watching shares of nvidia and they're getting ready to post their quarterly results at the close of to
hi, dan. >> hey, there, contessa, good morning to you.s we pull it out, let's look at how markets are trading across the region here because its is calendar right. market investors not just here in europe but worldwide are asking would bit a green light for further global market gains? as it stands right now. london ftse is the only index down 0.05%, holding above the flat line. they've been performing a little better than some of the other stocks, by better than 4.1%. and german index...
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Aug 29, 2024
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>> good morning to you, contessa.hink the lesson you is that great, even great was not good enough. that was the lesson from earlier from the investors had extremely high expectations. as you mentioned it was a very good earnings. revenue group, 1 earnings per share came in at 68 cents both beating market expectations. the data center business this is one very closely matched. revenue groups, a whooping 154%. revenue got in, $2.5 billion. also beating wall street's estimates. 00 incorporate you have to look for one concern potentially a slight dip in gross margin. one of the other big concerns going into the report was around blackwell, as you mentioned, nvidia's next generation chips. ceo jensen huang wanted to dismiss the concerns saying it happened in the fourth quarter and the current generation of chip hopper. >> worldwide and full steam to modernize the entire computing stack with accelerated a.i. hopper remains strong and the anticipation for blackwell is incredible. >> contessa, you asked me why the different
>> good morning to you, contessa.hink the lesson you is that great, even great was not good enough. that was the lesson from earlier from the investors had extremely high expectations. as you mentioned it was a very good earnings. revenue group, 1 earnings per share came in at 68 cents both beating market expectations. the data center business this is one very closely matched. revenue groups, a whooping 154%. revenue got in, $2.5 billion. also beating wall street's estimates. 00...
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Aug 29, 2024
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alongside contessa brewer, i'm t tyler mathisen. the dow hitting an all-time high today.&p 500 and nasdaq with more work to do to set reports, but both up higher. >> and inindividual would shares slightly lower right now, down by about 3.85% after reporting results after the bell yesterday. analysts still bullish, several urging investor to say buy on this weakness, we're looking for signsthat the ai -- a little more than a week away. with the popularity of its ai tool, and julia boorstin joins us with the details. his, julia. >> that's right, contessa, meta just announcing milestones showing the adoption of the models. it's more than ten times the downloads of the model last year. they cease monthly usage of llama grew ten times in july and august of this year. it hit 200 million weekly active users, and more than double the number of active using that openai reported for chatgpt at the start of this year. meta also highlighting the partnerships with amazon's aws, nvidia, and the big-name companies that's been using its platform, thus at&t, doordash, goldman sachs, and a
alongside contessa brewer, i'm t tyler mathisen. the dow hitting an all-time high today.&p 500 and nasdaq with more work to do to set reports, but both up higher. >> and inindividual would shares slightly lower right now, down by about 3.85% after reporting results after the bell yesterday. analysts still bullish, several urging investor to say buy on this weakness, we're looking for signsthat the ai -- a little more than a week away. with the popularity of its ai tool, and julia...
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Aug 27, 2024
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>> thanks, contessa. it does a little bit.look at what capabilities we have in the private sector now, we have the same capabilities as law enforcement typically does around intelligence gathering purposes. so, you know, each industry is uniquely different. if you look at water treatment facilities and critical infrastructure, your biggest attacks are coming from nation states. right? to brandon's point, they're in the hospitality industry and others, sports betting, sports booking, those are all unique industry verticals that we have to take into consideration when we're trying to prevent or thwart attacks and try to figure out what the methods, the capabilities, the advancements they have in that 12 billion fund p eshs funds that are potentially coming out. there's a lot of excitement around all of these different professional sports and these attackers and adversaries know that these organizations have lots of money which is opportunistic for ransomware. there are differences based on how they're doing things and the capabi
>> thanks, contessa. it does a little bit.look at what capabilities we have in the private sector now, we have the same capabilities as law enforcement typically does around intelligence gathering purposes. so, you know, each industry is uniquely different. if you look at water treatment facilities and critical infrastructure, your biggest attacks are coming from nation states. right? to brandon's point, they're in the hospitality industry and others, sports betting, sports booking, those...
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Aug 14, 2024
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contessa brewer has more.s, and across, its growth here is not reliant or online gambling fanduel's pare of 33 look, its fiercely defending its status. the market share, based on gross gaming revenue, 47%. what's more, flutter is highlighting for investors that fandual now returns on -- that, of course, if you're going to outside vendor, and floes er it significantly raise the full-year guidance. the stock is up, as you mention ed when we're talking about the sector itself, it's clear that fanduel is the company we could by paying more attention to. because it was traded overseas, it was easy for investors maybe to ignore in this case, they have made it clear the u.s. is their priority. their primary listing is the new york stock exchange. >> what does this say about the players in this area. >> it says they have a lot of catching up to do. >> let met just talk about draftkipgs in particular. something interest happened. we are not going to add a surcharge -- >> this is the big thing. >> -- on to winning bets
contessa brewer has more.s, and across, its growth here is not reliant or online gambling fanduel's pare of 33 look, its fiercely defending its status. the market share, based on gross gaming revenue, 47%. what's more, flutter is highlighting for investors that fandual now returns on -- that, of course, if you're going to outside vendor, and floes er it significantly raise the full-year guidance. the stock is up, as you mention ed when we're talking about the sector itself, it's clear that...
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Aug 13, 2024
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contessa, thank you. contessa brewer. we're approaching the close here, mike.lmost 400 points. as you said, 5400, we've eclipsed that. >> yeah. >> now on the s&p, we've passed the ppi test. now we need to pass the cpi one in the morning. >> we do. even as much of as i thought that the inflation numbers, as long as they were mostly in line and stayed out of the way, we'd be fine. we probably got our hopes up after ppi that you're going to see further encouragement. not saying you're going to get that. i feel like the bond market is already there. i'm he not sure. once you are pretty sure the fed's going to cut, you're mostly rooting for the economy to hang in there, not for inflation to plunge. it doesn't hurt. i also probably would have said that about weekly jobless claims and that ended up being a bullish catalyst. what's interesting, when earnings season started. let's call it the friday when banks start reporting, july 12th. we're 5600 on the s&p 500. you've kind of softened up a little bit. you've given a few percent back. even though earnings in aggregate
contessa, thank you. contessa brewer. we're approaching the close here, mike.lmost 400 points. as you said, 5400, we've eclipsed that. >> yeah. >> now on the s&p, we've passed the ppi test. now we need to pass the cpi one in the morning. >> we do. even as much of as i thought that the inflation numbers, as long as they were mostly in line and stayed out of the way, we'd be fine. we probably got our hopes up after ppi that you're going to see further encouragement. not...
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contessa brewer. these are consumer discretionary stocks we talk about a lot. there can be similarities, maybe drawn to a starbucks situation where these were great brands, declining a little bit. >> yes. >> under pressure. >> although -- well, yes, for nike and having some of the same global issues, as well. the ulta one, to me, was more interesting. if you look, these -- this is a 13 13f, and from june 30. ulta closed at $329 today. if they liked it there, they probably like it here. so, ulta's stumbled a bit. the valuation is really low. they report shortly, i forget the date, but they've had same-store sales that have been a little bit anemic and we saw elf that really missed, and that traded poorly and ulta was down with that. and this is at the same time that se fphora is doing very we. very happy to have warren there. >> august 29th, after the bell, is when they report. i mean, the stock, this is a -- again, not that it matters, it was a $520 stock or so in february. fell on hard times. a lot of it on competition, slowdown in the consumer, but valuation
contessa brewer. these are consumer discretionary stocks we talk about a lot. there can be similarities, maybe drawn to a starbucks situation where these were great brands, declining a little bit. >> yes. >> under pressure. >> although -- well, yes, for nike and having some of the same global issues, as well. the ulta one, to me, was more interesting. if you look, these -- this is a 13 13f, and from june 30. ulta closed at $329 today. if they liked it there, they probably like...
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Aug 20, 2024
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let's get to contessa -- contessa, you're not a second choice. >> no, no, thank you for that. >> thea -- >> unless jason wants to do it. >> what time has alarm clock been going off this week? z >> i set mine for 2:00 a.m., it's early, but not the first time many my career i've done that and it's probably not the last time. >> it's 7:00 p.m. somewhere, i think. >> that's the way i look at it. as long as someone around the world is awake, i am too. let's get to the money moverses. tesla shares moving higher in the plef market after the european commission revised its tariffs on chinese-made electric vehicles imported to the eu. you're seeing they're higher by almost a percent in the pre-market. tesla has argued that the rules should take into account how much subsidies the manufacturers actually receive in china. and on that basis, the commission said, well, okay, tesla is going to face duties of 9% on imports rather than the anticipated nearly 21%. a few other car makers saw a fractional reduction in the expected tariffs, but nowhere near what tesla got on that. eli lilly shares on th
let's get to contessa -- contessa, you're not a second choice. >> no, no, thank you for that. >> thea -- >> unless jason wants to do it. >> what time has alarm clock been going off this week? z >> i set mine for 2:00 a.m., it's early, but not the first time many my career i've done that and it's probably not the last time. >> it's 7:00 p.m. somewhere, i think. >> that's the way i look at it. as long as someone around the world is awake, i am too. let's...
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Aug 28, 2024
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those shares down in the early morning trade. >> contessa, thank you. did you change?say. i like it. jacket works well. >> thank you. >>> let's get a final check on the markets right now. i was paying attention. >> don't change, contessa. >> we love you just the way you are. dow futures down slightly. s&p futures basically flat. nasdaq, they're all basically flat. we're waiting to see what happens with nvidia. we'll also see you back here tomorrow. that does it for us today. now it's time for "squawk on the street." ♪ >>> good wednesday morning, welcome to "squawk on the street," i'm david faber along with jim cramer. we're live from post nine at the new york stock exchange. carl has the morning off. let's give you a look at futures. jim and i like to call this humpday. being a wednesday. it's also nvidia day, of course, if you haven't heard already. half the bell, we're going to get the earnings from that bellwether. our road map does begin with that very name. we are on nvidia watch. we're going to have a countdown clock soon enough. the
those shares down in the early morning trade. >> contessa, thank you. did you change?say. i like it. jacket works well. >> thank you. >>> let's get a final check on the markets right now. i was paying attention. >> don't change, contessa. >> we love you just the way you are. dow futures down slightly. s&p futures basically flat. nasdaq, they're all basically flat. we're waiting to see what happens with nvidia. we'll also see you back here tomorrow. that does...
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Aug 15, 2024
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>> good morning, contessa.ry effectively, i might add, is straddling that line between showing how much momentum and power it has in its business model, but at the same time, maintaining some level of conservatism to support what has been a really dramatic increase in estimate revisions that have been driving not only the stock price higher, but the multiple to expand. i think everything we saw to date from walmart suggests that that is going to continue, and this should be a core holding for investors. >> what we've seen is really inconsistent results on the consumer from different retail companies, strong retail sales out this morning just smashing expectations. tell me what investors should think about the space, given what walmart is reporting, and whether walmart really is a standout as opposed to a bellwether? >> walmart's a standout, without a doubt. you were right in that retail sales and consumer spending has become more consistent and episodic. that is most likely going to continue through at least th
>> good morning, contessa.ry effectively, i might add, is straddling that line between showing how much momentum and power it has in its business model, but at the same time, maintaining some level of conservatism to support what has been a really dramatic increase in estimate revisions that have been driving not only the stock price higher, but the multiple to expand. i think everything we saw to date from walmart suggests that that is going to continue, and this should be a core holding...
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Aug 30, 2024
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joining us is contessa call me tessa brewer. am i supposed to now call you tessa? are we friends?don't know why you moved on from big money brewer. >> i liked it. i coined it. >> we should stick with it. here's what i know, what's bad for consumers in the form of higher premiums is good for consumers and their shareholders. the latest cpi report showed july auto insurance went higher by almost 19% from the previous year. this month progressive has gained the shares 16%, up 87% over last year -- over the past year. allstate up 10%. the auto insurers are catching up on premiums after they've been losing money the last couple years, paying out higher claims on more frequent and more severe accidents. other standouts in the insurance space, arch capital up 18% this month. wr berkley up 9%. renaissance reit is up 10% this month. then its global bigger competitors munich, swiss, hanover have even bigger gains this month. insurance etfs, the iak, kie, and kbwp over 12 months. they have gained between 30 and 40% mirroring performance of many of the individual companies over the past year.
joining us is contessa call me tessa brewer. am i supposed to now call you tessa? are we friends?don't know why you moved on from big money brewer. >> i liked it. i coined it. >> we should stick with it. here's what i know, what's bad for consumers in the form of higher premiums is good for consumers and their shareholders. the latest cpi report showed july auto insurance went higher by almost 19% from the previous year. this month progressive has gained the shares 16%, up 87% over...
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Aug 29, 2024
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>> contessa, thank you. >>> move to today's most important stock nvidia. it beat top and bottom line expectations. grew revenue more than 120%, gave solid guidance and announced a $50 billion stock buyback. expectations apparently so high for nvidia it appears anything short of crushing even the most optimistic forecast is seen as at least a mild disappointment. joining us now chris caso, senior analyst. chris, i guess a little bit of noise in terms of the cadence of production for the next generation is processors, you have a little bit of margin compression, perhaps. end of this fiscal year, but anything in the results or the guidance that makes you rethink the pace of demand or the overall story? >> really doesn't. as you said, expectations high into the report. magnitude of the beat is a little less than seen in so quarters. 2.5% over consensus for guidance. what was clear is that demand is still well ahead of supply. supply is still coming, and that's allowing revenue to grow into the second half of the year. look intonext year or optimism is a new pr
>> contessa, thank you. >>> move to today's most important stock nvidia. it beat top and bottom line expectations. grew revenue more than 120%, gave solid guidance and announced a $50 billion stock buyback. expectations apparently so high for nvidia it appears anything short of crushing even the most optimistic forecast is seen as at least a mild disappointment. joining us now chris caso, senior analyst. chris, i guess a little bit of noise in terms of the cadence of production...
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Aug 19, 2024
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contessa brewers joins us. >> personal computers in focus.rget unchanged at $37 saying all upside are predicted last year are bakeded into the share price and sees slightly weaker than expected demand in restocking personal computers and back-to-school sales. though morgan stanley remains bull number general or pcs. sharing moving in the extending trading down 2%. burlington stores, upgrade from h h haskett. reporting end of the month, reports from macy's, nordstrom, tjx and roth. haskett reports winning with consumer looking for value. seeing burlington sharing up more than a percent in the extended trade, and pieper sandler downgrade in fast casuals is hitting shares of shake shack, dutch brothers and sw sweetgreen. down gragraded. dutch brothers down almost 4% and shake shack down 2.5%. analysts are skeptical whether these fast casual restaurants have any menu pricing power in the sector this fall. mike? >> yes. a big move to the upside on results giving some back. thank you very much. >>> tech stocks drew attention of the world's largest
contessa brewers joins us. >> personal computers in focus.rget unchanged at $37 saying all upside are predicted last year are bakeded into the share price and sees slightly weaker than expected demand in restocking personal computers and back-to-school sales. though morgan stanley remains bull number general or pcs. sharing moving in the extending trading down 2%. burlington stores, upgrade from h h haskett. reporting end of the month, reports from macy's, nordstrom, tjx and roth. haskett...
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contessa brewer. taylor swift effect. chiefs putting a bump to the pop star's appearance at the games. we will have details next. >>> next, we will talk to gary vaynerch autheukbo t 2024 race and a lot more "squawk box" will be right back. why do couples a sleep number smart bed? i need help with her snoring. sleep number does that. thank you. during our biggest sale of the year, save 50% on the sleep number limited edition smart bed and free delivery when you add any base. >>> welcome back to "squawk box. the alaska airlines flight attendants rejected the contract deal union says it will survey members to determine key issues and try to return to the negotiating tables to address them. >>> a u.s. judge said he is planning to issue an order to have alphabet's google to give more ways to download apps the judge said google foreclosed competition for years and years and years. we are opening the gate now and letting competitors in >>> kansas city chiefs ceo clark hunt says the taylor swift craze helped fuel 30% increase in
contessa brewer. taylor swift effect. chiefs putting a bump to the pop star's appearance at the games. we will have details next. >>> next, we will talk to gary vaynerch autheukbo t 2024 race and a lot more "squawk box" will be right back. why do couples a sleep number smart bed? i need help with her snoring. sleep number does that. thank you. during our biggest sale of the year, save 50% on the sleep number limited edition smart bed and free delivery when you add any base....
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Aug 22, 2024
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contessa brewer has the details next. >> announcer: executive edge is sponsored by at&t business.t level moments need the next level network. 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 can handle it! i downloaded eight hours of true crime stories just during our last video call i'm learning a lot growing your business is easy once you know the moves. with godaddy websites plus marketing, you can quickly create a website, and ai will customize it for you. get your business out there and get more customers in here. no sweat... for you anyway. create a beautiful website in minutes with godaddy. while i am a paid actor, and this is not a real company, there is no way to fake how upwork can help your business. upwork is half the cost of our old recruiter and they have top-tier talent and
contessa brewer has the details next. >> announcer: executive edge is sponsored by at&t business.t level moments need the next level network. 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...
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but at the same time, contessa, what we're hoping for and what we expect is once the fed starts to eased open the -- pave the way for more of a broadening of the market. keep in mind that nvidia and the mag 7 led the s&p dramatically higher in the first half of the year, but really since the middle of june until now, it's been a market performer as more and more investors are anticipating rate cuts. >> how are you positioning your strategy for tomorrow depending on what happens with nvidia? is this a story that you're already telling clients that the rotation away from mag 7, away from ai and big tech has already begun and should continue? >> that's really the narrative. we're not going to position the portfolio day-to-day. with 55 billion, it's tough to do. i will say that if you look at the big drivers of return over the last two years, it's really debt to ebita. the higher the debt you have to the cash flow that you generate every year, the worse you are. so if you look at large cap stocks between 4 and 5 times their ebita in terms of debt. small caps, 4 to 6 times that. the mag 7, l
but at the same time, contessa, what we're hoping for and what we expect is once the fed starts to eased open the -- pave the way for more of a broadening of the market. keep in mind that nvidia and the mag 7 led the s&p dramatically higher in the first half of the year, but really since the middle of june until now, it's been a market performer as more and more investors are anticipating rate cuts. >> how are you positioning your strategy for tomorrow depending on what happens with...
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Aug 16, 2024
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. >> contessa, right now i'm in a dome that a startup called casm designed.ll-to-wall curved l.e.d. display behind me wrapped around the 750 people who could fit into this space. cosm is partnered with the nba, ufc, circumstance circumstance along with premier league soccer matches. that's what they're getting ready for right now. now, ticket prices range from $22 to as much as $200. but they average at $33, which cosm ceo tells me is a sweet spot. >> and as you look at some of the potential headwinds in consumer spending as a whole, we think we can provide an option now, which might be more approachable on a regular basis. we want you to come back time and time again. we're not priced to be a once in a lifetime or once in a year type experience. my hope is that you can come back every week. if you like college football, come back every saturday to watch all the games. if you like nba asketball, come back every week. that's really how we've priced it. >> in july the company raised $250 million at a valuation over $1 billion there backers like avenue sports fu
. >> contessa, right now i'm in a dome that a startup called casm designed.ll-to-wall curved l.e.d. display behind me wrapped around the 750 people who could fit into this space. cosm is partnered with the nba, ufc, circumstance circumstance along with premier league soccer matches. that's what they're getting ready for right now. now, ticket prices range from $22 to as much as $200. but they average at $33, which cosm ceo tells me is a sweet spot. >> and as you look at some of the...
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Aug 30, 2024
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and contessa brewer here. it's pouring rain. i found that out the hard way.ng an umbrella in new york. futures. looking agents more, dare we say, "sunny"? sorry. dad joke. futures, mike, in the green. yesterday if you are keeping score at home the dow closed at its 25th all-time high of the year. dow now on track to add more than 1% just this month. >> yeah. >> s&p 500, adding more than
and contessa brewer here. it's pouring rain. i found that out the hard way.ng an umbrella in new york. futures. looking agents more, dare we say, "sunny"? sorry. dad joke. futures, mike, in the green. yesterday if you are keeping score at home the dow closed at its 25th all-time high of the year. dow now on track to add more than 1% just this month. >> yeah. >> s&p 500, adding more than
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Aug 29, 2024
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alongside contessa brewer, i'm t tyler mathisen. the dow hitting an all-time high today.&p 500 and nasdaq with more work to do to set reports, but both up higher. >> and inindividual would shares slightly lower right now, down by about 3.85% after reporting results
alongside contessa brewer, i'm t tyler mathisen. the dow hitting an all-time high today.&p 500 and nasdaq with more work to do to set reports, but both up higher. >> and inindividual would shares slightly lower right now, down by about 3.85% after reporting results
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. >>> let's get to contessa brewer for the news update. >>> the u.s.ion into russian territory last week. a spokesperson says the u.s. is focussed on supporting ukraine's mission in defending itself. ukraine claims its forces are holding the nearly 400 square miles of territory in the border region of kursk. >> earn es toe is 175 miles from pur puerto rico. it's the fifth named storm of what's expected to be a busy atlantic hurricane season. >>> former representative george santos trial on fraud charges is moving forward. with jury selection scheduled to begin september 9th. that should last about a week, according to the judge presiding over the case. santos was expelled from congress last year following an ethics investigation. he's charged with conspiracy to commit offenses against the united states, wire fraud and aggravated identity theft. he's pled not guilty. kelly, i'll send it back to you. >> thank you very much. >>> still to come, we'll get the trade on two key headline movers of the day with starbucks up 22% and chipotle down 7. details when
. >>> let's get to contessa brewer for the news update. >>> the u.s.ion into russian territory last week. a spokesperson says the u.s. is focussed on supporting ukraine's mission in defending itself. ukraine claims its forces are holding the nearly 400 square miles of territory in the border region of kursk. >> earn es toe is 175 miles from pur puerto rico. it's the fifth named storm of what's expected to be a busy atlantic hurricane season. >>> former...
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Aug 27, 2024
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alongside contessa brewer, good have you here. i'm tyler mathisen., a major c suite turning sour on harris. mark zuckerberg says the white house pressured facebook to remove some covid-19 content. coming at a bad time for the presidential hopeful as she pitches herself to the business world. >>> plus, our power house road trip continues. today we move north from miami to syracuse, new york. we'll explain why that are
alongside contessa brewer, good have you here. i'm tyler mathisen., a major c suite turning sour on harris. mark zuckerberg says the white house pressured facebook to remove some covid-19 content. coming at a bad time for the presidential hopeful as she pitches herself to the business world. >>> plus, our power house road trip continues. today we move north from miami to syracuse, new york. we'll explain why that are
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Aug 29, 2024
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i am contessa brewer. we are wading through the options market with usl unua volume this season. at 2:00 p.m. eastern. p.m. eastern. i'll see you then. ♪♪ unlock support from the schwab trade desk— our team of passionate traders who live and breathe trading. ♪♪ and sharpen with an immersive online education crafted just for traders. ♪♪ all so you can trade brilliantly. ♪♪ >>> we're back on "squawk on the street." and the fed said it may be time to move on rate cuts. he said, quote, i don't want to be in a situation where we cut and then have to raise rates again. that would be a very bad outcome. so are we at that turning rate now. joining us, raj. thank you for joining us. do you think we are at that turning point for the u.s. and do you think it will be 100 basis point cuts by the end of the year? >> i think we are at the turning point and i think the labor market report next month will give us a little more certainty, which is what the fed is waiting for. i think that we will start seeing cuts in september. 100 basis points? i think it depends on how severe the slowdown is. ri
i am contessa brewer. we are wading through the options market with usl unua volume this season. at 2:00 p.m. eastern. p.m. eastern. i'll see you then. ♪♪ unlock support from the schwab trade desk— our team of passionate traders who live and breathe trading. ♪♪ and sharpen with an immersive online education crafted just for traders. ♪♪ all so you can trade brilliantly. ♪♪ >>> we're back on "squawk on the street." and the fed said it may be time to move on...
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Aug 28, 2024
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. >> don't change, contessa. >> we love you just the way you are. dow futures down slightly. s&p futures basically flat. nasdaq, they're all basically flat. we're waiting to see what happens with nvidia. we'll also see you back here tomorrow. that does it for us today. now it's time for "squawk on the street." ♪ >>> good wednesday morning, welcome to "squawk on the street," i'm david faber along with jim cramer. we're live from post nine at the new york stock exchange. carl has the morning off. let's give you a look at futures. jim and i like to call this humpday. being a wednesday. it's also nvidia day, of course, if you haven't heard already. half the bell, we're going to get the earnings from that bellwether. our road map does begin with that very name. we are on nvidia watch. we're going to have a countdown clock soon enough. the semiconductor giant set to report, big implications for the broader market, for technology companies, for a.i. i mean, who knows what else could be at stake here? >> yeah. >>> billionaire warren buffett -- billionaire? greatest investor of all ti
. >> don't change, contessa. >> we love you just the way you are. dow futures down slightly. s&p futures basically flat. nasdaq, they're all basically flat. we're waiting to see what happens with nvidia. we'll also see you back here tomorrow. that does it for us today. now it's time for "squawk on the street." ♪ >>> good wednesday morning, welcome to "squawk on the street," i'm david faber along with jim cramer. we're live from post nine at the new...
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Aug 22, 2024
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i'm contessa brewer with your cnbc news update. wreckage of a yacht that sank off the coast of sicily. his daughter remains unaccounted for. lynch had reportedly invited friends and family to join him on the yacht to celebrate his recent acquittal in a major u.s. fraud title. >>> delta air lines is following in american airlines' foot steps, us spending flights to israel. delta is currently due to resume travel to the country at the end of october. while american is halting flights until march 29th of next year. >>> a new u.s. government report finds drinking water that contains twice the recommended limit of fluoride is linked to lower iq in children. the report marks the first time a federal agency has determined with what it calls moderate confidence that such a link exists. the report did not quantify how many iq points might be lost. the u.s. started adding fluoride to water in the 1990s because the mineral strengthens teeth and prevents cavities. carl, that's the news. back to you. >> thank you very much. >>> watching some re
i'm contessa brewer with your cnbc news update. wreckage of a yacht that sank off the coast of sicily. his daughter remains unaccounted for. lynch had reportedly invited friends and family to join him on the yacht to celebrate his recent acquittal in a major u.s. fraud title. >>> delta air lines is following in american airlines' foot steps, us spending flights to israel. delta is currently due to resume travel to the country at the end of october. while american is halting flights...
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Aug 26, 2024
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let's get to contessa. >> ukrainian officials say russia launched drones and missiles today, killingrikes targeted facilities nationwide. power cuts and water shortages have been reported in several regions. >>> at least one person is dead, several injured after a massive landslide in the alaska town of kepchikan. it caused evacuations along the coast. officials are concerned about a secondary landslide. they're posting crews in the area to respond. >>> and ikea is taking on the likes of ebay and craigslist, launching a marketplace for customers to sell secondhand furniture. they tell the financial times it will be tested in spain and norway with the aim of rolling it out globally. it's part of an overhaul at ikea as it moves toward a business offering and services such as assembly. that's the news for now. >> thank you. >>> a quick market check. s&p 500 is down about 5. the nasdaq is sitting out, down about three-quarters of one percent. >>> fed chair jerome powell signaling it's time for a rate cut. we have an economist joining us with his take next. don't go away. at the barnes fi
let's get to contessa. >> ukrainian officials say russia launched drones and missiles today, killingrikes targeted facilities nationwide. power cuts and water shortages have been reported in several regions. >>> at least one person is dead, several injured after a massive landslide in the alaska town of kepchikan. it caused evacuations along the coast. officials are concerned about a secondary landslide. they're posting crews in the area to respond. >>> and ikea is...
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Aug 30, 2024
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and contessa brewer here. it's pouring rain. i found that out the hard way. bring an umbrella in new york. futures. looking agents more, dare we say, "sunny"? sorry. dad joke. futures, mike, in the green. yesterday if you are keeping score at home the dow closed at its 25th all-time high of the year. dow now on track to add more than 1% just this month. >> yeah. >> s&p 500, adding more than 1%. while the naz sdaq set to finis august lower. we don't know it yet. mike santoli could get august pop? >> more than half a percent swing yesterday. up 1% finished lower. the market, s&p 500's hung in there this week. essentially still this rotation. >> the only people working. this -- >> seems that way. machines are on, though. see it every day. market trade, plus or minus 5600 and s&p. as a matter of fact, past two weeks, since week ago monday, s&p closed within about half a percent of the 5600 line. plus or minus, every day. show you that we're hesitating below old highs. rotation's happening since july 16th, peak in the market. majority of sectors are outperforming
and contessa brewer here. it's pouring rain. i found that out the hard way. bring an umbrella in new york. futures. looking agents more, dare we say, "sunny"? sorry. dad joke. futures, mike, in the green. yesterday if you are keeping score at home the dow closed at its 25th all-time high of the year. dow now on track to add more than 1% just this month. >> yeah. >> s&p 500, adding more than 1%. while the naz sdaq set to finis august lower. we don't know it yet. mike...