so i'm back, i'm a little p david instead of in a have done that is on all the new cons. good. a lot of new concepts to mit suzie, and you know, i'll listen to the 2 of us clip but i picked them up or something. didn't the pull at the end of the men? rashid in us, the hi, i'm acceptable and i'm here to plan with you whatever you do. do not watch my new show. seriously. why watch something that's so different. whitelisted opinions that he won't get anywhere else. welcome to please, or do you have the state department to see i a weapons makers, multi 1000000000 dollar corporations. choose your fax for you. go ahead. i changed and whatever you do, don't watch my show stay main street because i'm probably going to make you uncomfortable. my show is called stretching time, but again, you probably don't want to watch it because it might just change the way instead of the loan. for elizabeth, i saw a fine says of for my lead, a lot easier to do the, to the diesel, the not month need got the bus to this is a but i saw nobody on the it was that down to the popular, so super close. so yo

so monday nobody concludes to the room on the list that i saw a back on a p. david, instead of in a have done that is on all of the feed, also on luke on good. a lot of new concepts to me, it does the study and do not. i'll listen to the 2 of us clip, but i picked them up or something. didn't the pull at the end of the men rashid, the interest. there was a time when i started to was abused to obtain flowers divided the continental block for time monks themselves. it was divided as a hunting ground. if we do not do not the corner nicer as we come up again, we know that they are those ones, the mazda content, and the stuff, nate, but the mazda clinton and net, but based off, because the mazda continent, mazda be great, she will only be great on the shore does all of us sons and daughters on by the set of background on click on the goodwill and full on, let us confess about underground east the mazda, the car, acceptance. and i'm here to plan with you. whatever you do, you do not watch my new show. search like why watch something that's so different. whitelisted

david, me, p s, that was the set of it, but it is in the but the book or the, or the vs or level will digital to the vatike was on the doors of the week thought the something i've, you've, since it gets at the abuse or not just for, i'm assuming that most of the could be and all the wrong in a them. yes on it. i thought i feel like it's convenient for the force me for so tube as long as, as of a, not to hunch in this, but a potential small or smart tv, or what do you consider for my mazda after you know, like, you know, how long is that i'm assuming room today will probably be the little most people do that if you leave it the above the move it and others will watch for social. i'm just a bit of a part of that from to defend dawson, it's a bit more manageable. show me some kids football, trust me, it's a because send me a phone, go may i put it in to version obscene political, disjointed for me, it's a just as long as that book, the not on. okay, so book me alone. i live on the tools. there's a chill on a slab, of course it on a let me out for more via the when it gets i'll just mean

david me, p s. that was the set of it, but it is in the but the book or the or study and then if you, so that will digital to the vatike was on the doors of the week for the shopping of usage. it gets it the abuse or notice from us. i mean that most of the could be and all the wrong in a them. yeah, charlotte, i thought a few ladies coming in for the 1st me for so tube as long as the server not to punch in this, but a potential small or smart tv on i would really consider for my mazda of 2. and i'd like to know how long is that? i'm gonna miss a living room today. they'll probably be the most people do that if you leave it the above the move it and others will watch for social. i'm just a bit of a part of that from to defend dawson to help him on the individual needs. some kids football, trust me, it's a because send me a phone, go may i put it in to version obscene political, disjointed. for me, it's a just as long as that book, the not on. okay, so book me alone. i live on the tools. there's a chi

david me, p s. that was the set of it, but it is in the but the book or the or study. and then if you use a lot of google digital examples around the course of the doors of the week thoughtfully, is something i've, you've, since it gets at the abuse or not just for, i'm assuming that most of the could be and all the wrong in a them, yes, on it. i thought i feel like it's convenient for the force me for so tube as long as, as of, i'm not to hunch in this, but a potential small or smart tv on a would really consider for my mazda of 2. and i'd like to know how long is that? i'm gonna miss edmond room today. they'll probably be the last few people do that. if you leave it the above the move it and all those or social, i'm just a bit of a part of that from to defend dawson to the individual needs. some kids football trust me. it's is it because you may have phones or may i put it in to flash and i've seen critical digital need for me. so just as long as that book the not on. okay, so book me alone. i live on the tools. there's a chill on a slab, of course it on a let me out

david, me, p s that was the set of it, but it is in the but the book or the or study. and then if you use a lot of little digital examples around the course of the doors of the week, thoughts is something i've, you've, since it gets at the abuse or not just for, i'm assuming that most of the could be and all the throwing in a them yeah, i saw it. i thought i feel like it's convenient for the force me for so tube as long as, as of it, not to punch in this, but a potential small or smart tv on a would really consider for my mazda of 2. and i'd like to know how long is that? i'm gonna miss edmond room today. will probably be the little most feasible. that's a few lead me to but the move it and all those last 4 social i'm just a bit of a part of that from the defendant. listen to this young man that was 70 some kids football tough for me. and so just because you minutes longer put in to vision, i've seen critical digital need for me. so just as long as that book the and on on . okay, so book me alone. i live on the tools. there's a chill on a slab, of course it on a let me

because that's what that implies >> well, that's the median p/e, david.n, i'm taking the 250th stock in the s&p and that's at 17 times. i think in aggregate the multiple is higher because the mag seven have a higher p/e. the median is a better way to look at market composition. i'm comparing that to the russell 2000 median, you know, the 1,000 stock in the russell. >> i see. wanted to make sure i understood that. where are you on s&p earnings? do you have an estimate? >> we originally thought this -- that 2025 earnings at the start of this year would be 260. i think it's tracking closer to 280. so it's not that market is cheap on next year's earnings because that would be roughly 20 times, but i thinking if we think about market breadth expansion we want to think about the stocks outside of the mag seven and i think there's room for expansion. >> tom lee, thanks for joining us. >> as we head to a break a road map for the rest of the hour. apple and nvidia reportedly in talks to invest in openai. what will that mean for all those companies. >>> plus, dell

instead of any of that is on all the p also on luke on. good. a lot of the new concepts to me. it does the study and do not. i'll listen to the 2 of us clip, but i picked them up or something did pay for at the end of the men, rashid in us, the public sentence, and i'm going to play with you whatever you do. do not watch my new show. seriously . why watch something that's so different opinions that he won't get anywhere else . welcome to please or do you have the state department c i a weapons, bankers, multi 1000000000 dollar corporations. choose your fax for you. go ahead. i changed and whatever you do, don't want my show state main street because i'm probably going to make you uncomfortable. my show is called stretching time, but again, you probably don't wanna watch it because it might just change dwayne say despite everything. gray breeze go to the front lines with that eagerly awaited they pray in the trenches and bunkers and hospitals destroyed churches. they pray for peace. started thinking out of work during nascar, almost the 1st

p or no one in the party would stand for that., there is no racial combat like that in the republican party that afflict the dems, and the reason for that is the bed you made with identity politics, which means you are always choosing people based on groups, and choosing, based on traits. so a candidate can be unique, like josh shapiro, but he is a member of a group that upsets another group. not all of them, but as a group. if you see people as groups, then you just assume, oh come all muslims must hate shapiro because he is a jew. why did they choose walz? if you are in the prison of identity politics come he's not a speech when he six come he's a white male. maybe we will get my white males as a group. i don't think you are going to get that with him. we don't like arson. >> jesse: not just white males. >> greg: we don't like snitches. as a white male, i don't like snitches, i don't like tampons and poise bathrooms. i don't like trance surgeries for kids. just because he is a white male, he's an individual. i'm talking about wa

p and my friend is discontinued, the good for india and the foreign policy. it certainly is, we are now living in an age of a very turbulent, we're much is changing into, well that is, that are conflicts that are, you know, moving towards a multi polarity and therefore foreign policy needs to be named. so i think this government has been successful in very nimbly negotiating the world and improving india is have the end stature by mr. more the has the external affairs administered jason good, who understands the game and plays it very well. and the personal chemistry that the prime minister himself enjoys with discontinued the that's a cut all of the advantage of it that you'll develop. but still chemistry and bust under relationships with will lead to us. and that helps who is with annotated step . now he's representing a 4 trillion dollars economy, with a huge kind of pest in the world, in economic terms. so for just as an example, the rest issue relationships in, in what is called the middle east, but the, you, we, but the vid. so there, those are some new

live now to david tsui, technology managing director, s&p global ratings. quarter three earnings said despite iphone sales declining, what you think that was? . ~ sales declining, what you think that was? ., ~ , ., ., ., that was? thank you for having me first of _ that was? thank you for having me first of all. _ that was? thank you for having me first of all. i _ that was? thank you for having me first of all. i think - that was? thank you for having me first of all. i think the - me first of all. i think the quarter, the high expectation for 02 and quarter, the high expectation for q2 and the upcoming launch, apple has been very steady in terms of their phone sales, device sales and their install base have certainly grew. i think that is the most important thing, even the iphone sales in china has been down by a few percentage points, it's still an improvement from the last couple of quarters. it’s couple of quarters. it's interesting, _ couple of quarters. it's interesting, we - couple of quarters. it's interesting, we keep. interesting, we keep forecas

david: you are now pretty much in the p&c business, property and casualty.ou are getting out of life insurance. explain why the life insurance business wouldn't be a better business. you know people will die, it's predictable. actuaries tell you when they are going to die. why is that business not as good as the property and casualty business? peter: it is a very good business. the property and casualty business is totally different. they have so much investable assets. it's a spread business and one that has really different dynamics to drive its outcomes. david: i see lots of ads for insurance, home insurance, but i don't see a lot of aig ads. are you appealing to people like me who are watching television, or are you going to institutional market? peter: we have a distribution of agents and brokers that we are really a business to business. we source our business through that distribution channel. so less advertising to the end consumer has limited value in the products that we actually underwrite. david: today, the insurance business generally in the uni

david: you are now pretty much in the p&c business, property and casualty.ou are getting out of life insurance. explain why the life insurance business wouldn't be a better business. you know people will die, it's predictable. actuaries tell you when they will die. why is that business not as good as the property and casualty business? peter: it is a very good business. they have so many assets. it's a spread business and one that has really different dynamics to drive its outcomes. david: i see lots of ads for insurance, home insurance, but i don't see a lot of aig ads. are you appealing to people like me who are watching television, or are you going to institutional market? peter: we have a distribution of agents and brokers that we are really a business to business. we source our business through that distribution channel. so less advertising to the end consumer, has limited value in the products that we actually underwrite. david: today, the insurance business in the united states, would you say it's a healthy business today? peter: i would. balance is s

the earnings number, david, and the s&p 500 remains very strong and actually continues to be revisedions have been positive. it's going to be an earnings fundamentally driven market and now you've been given a gift in terms of the pullback in valuation, so, yeah, i think this is a great buying opportunity from a longer term perspective and a marketplace especially north american equities that's going to pace market performance for the years to come. >> brian, i'm going to keep the tape. i'm going to keep this tape. we'll revisit it towards the end of the year. >> please do. thank you. >> brian, always a pleasure. thank you. >>> let's turn to big cap technology. apple shares continuing to slide following warren buffet and berkshire hathaway slashing half. tom raised his price target on apple to 203 from 195. keeps a hold rating on the name. great to have you with us. >> thank you for having me, melissa. >> what do you make of -- i mean some people say it's just risk management and may very well be, but buffet has sold well, and he sold according to the filing during the big run up in

the justice department, thank you p or john?, hundreds of migrants on the terror watch list adapted to cross into the united states this year. so where are they coming from? word on that coming up. hi, my name is damian clark. and if you have both medicare and medicaid, i have some really encouraging news that you'll definitely want to hear. depending on the plans available in your area, you may be eligible to get extra benefits with a humana medicare advantage dual-eligible special needs plan. all these plans include a healthy options allowance. a monthly allowance to help pay for eligible groceries, utilities, rent, and over-the-counter items like vitamins, pain relievers, first-aid supplies and more. the healthy options allowance is loaded onto a prepaid card each month. and whatever you don't spend, carries over from each month. other benefits on these plans include free rides to and from your medical appointments. you pay nothing for covered prescriptions, all year long. all plans have dental coverage which includes 2 free

what do you think about these 2 choices, david, that means matter for about 45 days when the presses bored in the middle of the summer, and we're looking for stories to write about who the pick is. i think democrats did get the better pick. i mean, polling shows that walls is more favorable than j. d. vance who is, you know, insulting tab ladies and talking about childless women at home. not a great way to court undecided voters and suburban georgia. but i think you will see, see coverage receive a both vance and walls as we get into the fall and the focus more be on from. and here is, there's not really a historical anecdote to point to that a v p. change and election except maybe start paneling in 2000. i don't think that change the election, but really impacted sign. i would love your thoughts on j. d. vance. and tim wants, the city of answers, the worst be picking. americans live in my view and he's not only the most unpopular vp that's ever in modern polling, but he's continually to generate unbelievably negative news for the republican ticket every single day. because these all

david: as we have talked about, you are now pretty much in the p&c business, property and casualty.ou are getting out of life insurance. explain why the life insurance business wouldn't be a better business. you know people will die, it's predictable. actuaries tell you when they will die. why is that business not as good as the property and casualty business? peter: it is a very good business. they have so many assets. it's a spread business and one that has really different dynamics to drive its outcomes. david: i see lots of ads for insurance, home insurance, but i don't see a lot of aig ads. are you appealing to people like me who are watching television, or are you going to institutional market? peter: we have a distribution of agents and brokers that we are really a business to business. we source our business through that distribution channel. so less advertising to the end consumer, has limited value in the products that we actually underwrite. david: today, the insurance business in the united states, would you say it's a healthy business today? peter: i would. balance is s

, former high school teacher, and i just interested in whether you think there's a dynamic at the v p level that matters. what do you think about these 2 choices? david vinny is matter for about $45.00 days when the prices board in the middle of the summer, and we're looking for stories to write about who the pick is. i think democrats did get the better pick. i mean, polling shows that walls is more favorable than j. d. vance who is, you know, insulting cab ladies and talking about childless women at home. not a great way to court undecided voters and suburban georgia. but i think you will see, see coverage receive a both vance and walls as we get into the fall and the focus more be on from. and here is, there's not really a historical anecdote to point to that a v p. change and election except maybe start paneling in 2008. i don't think that change the election, but really impacted sign. i would love your thoughts on j. d. vance. and tim wants, the city of answers, the worst be picking. americans live in my view and he's not only the most unpopular vp that's ever in modern polling,

david: as we have talked about, you are now pretty much in the p&c business, property and casualty.ou are getting out of life insurance business over time. explain why the life insurance business wouldn't be a better business. you know people will die. pretty predictable. actuaries tell you when they will die. why is that business not as good as the property and casualty business? peter: it is a very good business. the property and casualty business -- they have so many assets. it's a spread business and one that has really different dynamics that drive its outcomes. david: i see lots of ads for on television for insurance, home insurance, but i don't see a lot of aig ads. are you appealing to people like me who are watching television, or are you going to institutional market? peter: we have a distribution of agents and brokers that we are really a business to business. we source our business through that distribution channel. so less advertising to the end consumer, has limited value in the products that we actually underwrite. david: today, the insurance business generally in the

of in a have done that is on all of the p also on luke on. good. a lot of the new concepts, a new study, and do not. i'll listen to the 2 of us live, but i picked them up or something did pay for at the end of them. then let's see the interest the . there was a time when i started to was abused to retain power, steve fight at that point and then to a long time box themselves, it was divided as a hunting ground. if we do not do not the corner knives as we come out again, we know that they are those who want the mazda continent to stop and 8, but the mazda clinton, and can never be stopped. because the mazda continent must be great. she will only be great on the shore, does all of us sons and daughters on by the sweat. all right, so now click on the goodwill console on, let us confess about underground east, the mazda, upon the go to the b loan for elizabeth. so far it says uh, on my leave, a lot usually do the uh, uh, to the diesel. uh, not month need the bus to the seizure, but i saw nobody on the, it was not down to the popular. so surely th

former high school teacher, and i'm just interested in whether you think there's a dynamic at the v p level that matters. what do you think about these 2 choices? david vinny is matter for about $45.00 days when the prices board in the middle of the summer, and we're looking for stories to write about who the pick is. i think democrats did get the better pick. i mean, polling shows that walls is more favorable than j. d. vance who is, you know, insulting cab ladies and talking about childless women at home. not a great way to court undecided voters and suburban georgia. but i think you will see, see coverage receive a both vance and walls as we get into the fall and the focus more be on from. and here is, there's not really a historical anecdote to point to that a v p. change and election except maybe start paneling in 2008. i don't think that change the election, but really impacted sign. i would love your thoughts on j. d. vance. and tim wants, the city of answers, the worst be picking. americans live in my view and he's not only the most unpopular vp that's ever in modern polling,

former high school teacher, and i'm just interested in whether you think there's a dynamic at the v p level that matters. what do you think about these 2 choices? david vinny is matter for about $45.00 days when the prices board in the middle of the summer, and we're looking for stories to write about who the pick is. i think democrats did get the better pick. i mean, polling shows that walls is more favorable than j. d. vance who is, you know, insulting cab ladies and talking about childless women at home. not a great way to court undecided voters and suburban georgia. but i think you will see, see coverage, receive a both vance and walls as we get into the fall and the focus more be on trump. and here is, there's not really a historical anecdote to point to the v p. change and election except maybe start paneling in 2000. i don't think that change the election but really impacted sign. i would love your thoughts on j. d. vance. and tim waltz, the city of answers the worst be picking americans live in my view and he's not only the most unpopular vp that's ever in modern polling, but

former high school teacher, and i'm just interested in whether you think there's a dynamic at the v p level that matters. what do you think about these 2 choices? david vinny is matter for about $45.00 days when the prices board in the middle of the summer, and we're looking for stories to write about who the pick is. i think democrats did get the better pick. i mean, polling shows that walls is more favorable than j. d. vance who is, you know, insulting cab ladies and talking about childless women at home. not a great way to court undecided voters and suburban georgia. but i think you will see, see coverage receive a both vance and walls as we get into the fall and the focus more be on from. and here is, there's not really a historical anecdote to point to that a v p. change and election except maybe start paneling in 2000. i don't think that change the election, but really impacted sign. i would love your thoughts on j. d. vance. and tim wants, the city of answers, the worst be picking. americans live in my view and he's not only the most unpopular vp that's ever in modern polling,

that is what the -- can you imagine, david, the number one in the s&p and people are complaining?eone this weekend who said to me, so, your dog was named nvidia. like -- >> like you didn't do anybody a favor by recommending it for the last eight years or whatever. >> nvidia, nvidia, thanks for nothing. >> you can't take it so hard. >> i take it personally. >> i know you do. that's really not easy. >> everything we have. >> all right. well, what else we have is the "mad dash" coming up, so jim's going to get ready for that. we got a few movers we want to get to this morning. let's give you another look at futures. we are set up for a higher open here on this august monday morning. don't go anywhere. 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 can handl

but, david, this is not a microsell-off, all those things mean nothing, this is about s&p and nasdaq, big hedge funds that would never even know the difference between an uber and an airbnb, that's what we're stuck with. >> just to come back, i said this numerous times yesterday in the midst of the worst of the sell-off, there's no issues in credit at all. >> no. >> liquidity was fine. >> right. >> these are not the -- this is more of a typical kind of a swoon, and frankly we've seen many, many times -- >> i agree. >> in this month. >> but everybody tends to look for recession. it's very tiresome, frankly. it's like, wow. we have a recession with seven great companies reporting last night all doing great things. simon properties, the largest law company, wouldn't they know something? here's what they know. business is stronger than expected. i had a tanger last night, that's the largest outlet mall, business is stronger than expected. we may have some companies that are weaker than expected buff i don't want to go against caterpillar when they're struggling. >> for every positive give

david: you heard some say kamala harris would need a democrat congress to get that price gouges agentse d could do it through regulations, create an emergency, some emergency that so there may be one, we may have a spike of inflation in her first year that is the emergency, then we have to have price control, she could do it through regulation and executive order. davi. >> for example getting rid of electric vehicles, not banning them this is tail pipe emissions regulations this interview, she has chaperoned, she will make a points, i'm not go doing this or, that sure they are, they will disguise what they are doing in names like tail pipe regulations. it is bad stuff. we -- i hope that republicans hit home on this. this will hurt the economy. it is not just taxes, big regulations are form of taxation, there is a tsunami of regulations coming, they hit that economy, smaller businesses, the lifeblood of this economy, kills that, we have european style growth rates less than, bad for us and bad for free world. david: and you pensioned tsunami, climate change minchtses that we'll hear abo

guest: p campaign for a historic redemption. he had to make money, so he wrote a wonderful memoir and appeared on a fascinating david frost interview shown, which the -- show, which the howard movie is a spectacularly captures that drama, and he wrote a lot of books. and he wrote another memoir years later that was not as good as the first one, but he wrote a lot of books about foreign policy, much of which became irrelevant with the fall of the berlin wall and soviet union. and he sort of regained his reputation as a foreign policy expert to a foreign extent, to the point where he was on the cover of newsweek for the big headlines. host: sean, ohio, good morning. caller: i just wanted to bring up that the watergate scandal actually did not have to happen because nixon was never in jeopardy of losing that presidential run to mcgovern. mcgovern could not even hold onto his vp pick, and after that, he was having a hard time trying to find a replacement, and the democratic party leaned a lot on the minorities, and they were in trou

bring in jpmorgan chief global strategist david kelly. david, a lot of firms started chasing right?s the year went on, your firm stayed pretty steadfast at 4200. what did you see at the beginning of the year that may be starting to corroborate right now? >> let's be clear, our firm is a big firm. this investment banks forecast. we try not to make many short-term forecasts there has been a concentration issue. really what we're saying we've had great returns over 2023. we have had great returns so far 2024. you see a statement, saying your wealth has gone up. it doesn't say your risk has gone up. but your risk has gone up. charles: right. >> that is the issue here, people are more exposed than they really think. charles: jpmorgan is a pretty big firm is an understatement. >> yes. charles: high degree of concentration, at least from your notes, right? >> yeah. charles: growth stocks which we've been talking about which have dominated, they have this high p-e ratio. >> yep. charles: they have led the way. of course the top 10, 35% of market cap, all these things almost historic, right

s&p up. yields down.ed will cut next month, the question is by how much. 50-50 chance they go half and 50% they go 3525 -- 25. stuart: okay, they're going to go down. david bahnsen is gracing us with his appearance yet again no -- this morning -- lauren: but you're going like this odd to, not that -- >> so far. [laughter] it's the early. stuart: what is it, you get a hundred e-mails a month if asking why on earth i can't understand what you're saying. >> it's probably over a hunker stuart. [laughter] everybody who's e-mailing loves you, they just want you to understand the this dividend growth thing. inflation. stuart: yeah, inflation -- >> absolutely coming down. stuart: it's cooling -- >> very much. stuart: you approve of this? >> ppi leads cpi. producer prices go down first and then consumer price go down, so it's the all a happening in the right trajectory. stuart: good news for stocks. >> well, it's good news for spenders, for people spending must be, and ultimately for stocks because it increases pr

s&p, nasdaq, best day of the year. we'll see you tomorrow

all clear ahead, not really give the big economic david into data points coming out. what you look at and say let me forget a week ago today. p. >> not forgetting a week ago today at least until we get to october as you know were in the seasonally weak time of year. what happened on monday was very dramatic, there were a lot of technical broken on the way down in the market has to repair itself the only way it's going to do that is by trading up and down and testing the low once again i'm not nervous or upset or anxious i'm just expecting the market to test lower as we go over the next couple weeks into september and october. tomorrow will get the cpi in the ppi there will be another data point is going to give us some clue or clarity on what we can expect from the fed in september. hardly anything happens before that. liz: let's say the building crumbled a week ago monday let's say that. the foundation got fixed so quickly that those who were waiting for it to be repaired they missed out on moving into a much better house. look at this, the flash dip of monday is gon

s&p, nasdaq, best day of the year. we'll see you tomorrow. ♪.arry: hello, folks, welcome to "kudlow," i'm larry kudlow. so, president trump back on offense today, wrapping up an hour plus press conference just a few moments ago. we've got dagen mcdowell, katie pavlich, tammy bruce will weigh in on that whole story in just a moment but first up fox news's bryan llenas will give us a roundup. brian, what did you see, what did you think you saw? >> reporter: larry, look it was over an hour. he took something like 40 questions. the former president taking question of a question, what is now the 18th day his opponent vice president kamala harris has gone without having a news conference her several since she became the presumptive democratic nominee. >> what are we doing right now? she is not doing any news conference. you know why she is not? she can't do a news conference. she doesn't know how to do a news conference. she is not smart enough to do a news conference. i'm sorry we need smart people to lead this country. our country has never been in

, the big ef nasdaq and s&p 500, as well. >> dom, thank you.is going to report earnings after the bell today. and tomorrow morning, chuck robbins is going to join us, right here. a break down the numbers from the company. also, some reports of potential layoffs. we'll have to wait and see what we get there. another stock we're keeping an eye on this morning, southwest, activist investor, elliot management is going to launch a proxy fight there. it dominated as many as ten directors for the company's 15-person board. i want to bring him in now, phil. they own 11% of the company. we've known about the presence for some time, do we have a sense of what elliot wants? if it does gain a majority of the seats on the board, that the company is not doing? >> they want them to move faster. you will hear southwest, who have said, we announced a number of changes that will be kicking in, over the next year, year and a half. including assigned seating, as well as red eye flights. and premium seating, that is the revenue driver. those are three. we're going

david has the morning off. take a look at stocks we're building on the rally now.a row. s&p up 0.2%. the nasdaq also is leading here up a quarter of a percent. dow down 38 points. what's taking us higher? health care up 0.75%. eli lilly a big part of that story. you heard from the ceo. stock up 4.7%. communication services rallying, consumer discretionary, technology, utilities and materials. those are all your green sectors. energy, real estate and financials are lagging today. take a look at treasuries right now where we've seen this continued rally happening again today. 10-year yield 3.8%. expectation the fed cuts in september in a few weeks. 30 minutes into the trading session. here are three big movers we're watching starting with palo alto nooshs rising after reporting strong earnings and an optimistic outlook following strong demand for cyber security products. stock up 7%. paramount shares moving lower in reaction to edgar bronfman's bid for the company submitting $4.3 billion bid to acquire national amusements. the saga not over there. edward jones, initi

we're up almost a percent on the s&p. nasdaq doing better up 1.3%. lagging that's consumer staples and energy and starbucks the stock of the day, on the leadership change. the stock is up 21.5% on news that former chipotle ceo brian niccol is going to take the helm. a lot of optimism being built in. nvidia up another 4.5% does not hurt. the nasdaq is doing so well. starbucks is also on the nasdaq. apple rallying again today. broadcom, microsoft, tesla, meta all joining the party and that's why we're seeing such a big move. we're going to dive deeper into this morning's inflation report which we got as well. first we need to get to that big news, big shakeup in the c-suite at starbucks, got shares surging. our kate rodgers here with the latest covers both companies. kate, boy, this came as a surprise, didn't it? >> big news, sara. yeah, chipotle ceo brian niccol as you mentioned heading to starbucks next month on september 9th after six years with chipotle. laxman narasimhan out from the board and ceo role at starbucks effective immediately. brian nic

happy friday and welcome to a special edition of kudlow, i'm david asman in for larry kudlow.

but if you love your freedom, pick day p. >> that's me. is going to love you.t i can't wait and desire to come back. >> who's on vacation? >> he has no idea. >> david, happy anzac day. yeah. >> david, you're your street. that's correct. yeah. you're. you are a legend among the hip hop community. >> his old rap name, razor's edge. yeah. yeah. >> do you think she actually anybody besides the name that wa s given to her like ten years ago and was two parts from a different intervie years aw and, she doesn have any idea. >> well, i can't. i meanotn dea?, i'm torn on thia >> first of all, she's like 60 years old and, like, it's kind of like a little bit of a weirds like . but it is like this is like the softball. but to have answered so she doesn't talk about policy and stuff. yeah. just make up a thing. yeah. and i'll just be like, hey, you know, if we don' t get climate control under under, under climate, what is it if we don't get climateif w change under control? >> hmm. ro it's like that from the top. >> we don't get climate change under control. ice cube is go

david, i think that this became the szeitgeist.hat bothers people because it was a $500 billion company in 2023. then it goes to $3 trillion. no one likes that. i call it a parvenue. >> given the need for a triple lindy, are you confident it can pull it off, that it can get the scores needed to be on the podium? >> i think what you have here is the extension of when apple's late with a handset. >> there's what i was discussing, by the way. >> i think that blackwell is going -- >> wait. bring it back. i want to see that again. >> they're late with blackwell, but that just means you can extend very high margin product. i think that once again, remember, the two things that jensen always talks about are accelerated computing and the new industrial revolution, and he's not backing away from that. what has happened, i think, is he's -- i went to the racetrack this week. always a good analysis. >> sorry, you went to the racetrack? >> went to saratoga. >> the travers. was that this week? >> yes, and you'll see, i love the racing form, bec

i'm david asman in for larry kudlow. it's go to be a pretaped joint inter-screw and we have the interview wrapped and we may in this hour get little clips from the interview and of course it's with her vp nominee governor tim walz. many americans are asking the same question, why can't she handle questions from kamala friendly cnn without tim walz by her side. president trump is campaigning in michigan as we speak holding a town hall with full seizure disorders gab bard in wisconsin tonight. honored to have them both here with us this afternoon and again, folks, we may have these clips coming in and telling me in the ear it's ready and covering it live if we hop to get them and get your reaction and meanwhile, katie, why does kamala harris need a male chaperon in this interview? can you explain that? >> we may cover the clips live, but the interview is not live. says a lot alabama the candidate's capability to do a live interview and says a lot about her integrity and ability to do a live interview and in terms of her sh

s&p dropped 160 points. globally the japanese stock market dropped more than 12%, the biggest percentage drop since the 1980's. while selloffs spread to europe and asia. to discuss what this means, i'm joined by david, the director of hutchins' center at the brookings institution. why that sudden plunge in global markets overnight. what was that fueling that? >> hard to say why the mood shifted and why everybody is going in the same direction at once. a lot of people, a lot of big firms have borrowed money in japan at zero percent interest rates and japan raised interest rates and a lot of those people were caught short and had to sell short. but as you mentioned, the recent signals about the u.s. economy has been discouraging. the jobs market report last friday showed it weakening and corporate and those two things are are happening and the backdrop the wider war in the middle east can't help people spirits. amna: and data points, the weaker jobs report and unemployment triggered fierce of a recession. are

we've got the s&p up more than 0.5%.t the top of the market, thanks to nvidia, 3% rally will help the overall market. remember the company reports earnings next week on wednesday. i've read notes this morning saying nvidia just up there with the fed chair powell as far as potential market mover. communication services, the second best performer right now, but all the sectors are in the green. take a look at treasuries ahead of the fed chair remarks. we're seeing lower yields on the 10- 10-year, 3.84%. fed chair powell has come out on stage inside that room full of invite-only economists, guys. set to deliver his remarks. we'll take you there live and talk to steve liesman. there's a lot of anticipation on this one that he signals a change in tone he's ready to start cutting rates in september. >> by the way, really interesting take in the times about the origins of the symposium, how it started back in the volcker days, kansas city fed trying to draw him there, loved to fish. >> fly fish. >> and it stuck. it's literally

currently at work on the book one troubles with the university of michigan p press forthcomingn 2024. we look forward to that which explores the connections between suburban, heteronormativity and mass organizing campaign. once a flight attendant for united airlines and elected leader of the association of flight attendants local 11. olmsted is a historian of mid 20th century transgender politics. the dissertation refused to run away and sexual employment discrimination claims and the law 1969 to 1992 which they just defended at the university of mass amherst and argues -- [applause] argues that employment discriminationn lawsuits brought by transsexual workers brought an unwritten rule of sexuality and resulted in new trans exclusionary state definitions of sex and disabilities and helped to develop a group consciousness. university from black hills state university in spearfish south dakota and went on to receive both and mn and curricular from pittsburgh university and ma in history from the university of massachusetts at amherst. so now without further ado, i will turn to the pane

we appreciate the conversation, that's david adelman, former ambassador to singapore.ing director of claim claims. >>> you can see the markets have called high early at least for the dow, up by 183 points, s&p 500 flat. nasdaq expected to open down. salesforce, living higher after the firm raised its output on but back of a second quarter earnings base. the firm sees profits coming in as $10 per share. however, revenue at the firm grew at its slowest pace on record as a public company, up 8% on the year at $9.33 billion. it's the first time growth has come in at single digits since its listing. and, of course, nvidia has been the primary focus in the united states. we have sina vidia's shares pulling lower in regular session after we see the company beating on both the top and bottom line. you can seena vidia shares in the premarket down by 4.36%, though so all eyes are on the impact on the broader s&p and markets on wall street. thank you for your company today, i'm dan murphy in london. stay with us on cnbc. "worldwide exchange" starts right now. what is cirkul? cirk

i'm david asman in for larry kudlow

happy friday and welcome to a special edition of kudlow, i'm david asman in for larry kudlow. vp kamala harris wanted to make one thing perfectly clear last night on cnn. "my values have not changed." in fact, she repeated that canned line five times to stress just how much they have not changed. problem is, except on everything from fracking to immigration, to healthcare and crime, the only consistency about her agenda is that it does keep changing. more with wyoming senator john barosso but first grady trimble is live from the white house with a roundup of last night's interview. reporter: david and vice president harris stopped short of calling bidenomics a success in the interview. she didn't even want to say the word but she did rad el off a whole list of economic policies under the biden-harris administration that essentially amount to bidenomics and she called them good work. she was also asked what she would do on day one, as president and here's the answer she gave. kind of vague about lowering prices. >> day one, it's going to be about one, implementing my plan for w

s&p within about a percent of all-time highs. jackson hole begins. jobless claims in line.he ten-year yield recovers a bit after falling to near one-year lows yesterday. our road map begins with the markets on this jackson hole watch day as the fed minutes yesterday do indicate a september rate cut is likely. >>> on the earnings front, snowflake shares down sharply, despite the company raising guidance. it also posted results above consensus. we'll also have the latest on paramount. that company's special committee confirming it is engaging with edgar's group over that new last-minute acquisition proposal. >>> let's begin with the markets and the fed ahead of powell at jackson hole tomorrow. little bit of a relatively hawkish comment out of schmidt has the yields up a bit. >> then they went down. they go up. this day has become very important, and it's a sleepy august day, but we all know from last few years it does matter. you can be hawkish pretty easily, because i've seen a lot of retail quarters that are quite good. but the ones that are good are the ones that are disco

s&p up 15%. 5 percentage points of that gain was in nvidia alone.ag seven another 5% and other 493, 5%. there's no question from a basic index weighting perspective, the importance of nvidia's very clear on this, but i think in terms of what i was getting at earlier the ai spending and ai productivity enhancing tailwind, i think we need to continue to see evidence of that playing out. so it won't be the earnings result, per se, as much as it is what we're talking to in terms of a guidance going forward. >> scott, just finally, i was interested in your view on the u.s. dollar and whether you think it's going to continue on this weaker trend and how much that influences i guess not so much just your sector selection and the type of stocks you would want if it does continue to weaken, but whether it worries you at all if there's something bigger going on that we're about to see more of a recession materialize or more major debt problems actually take an effect on the u.s. bond market and u.s. economy? is it something you're watching closely or not real

here's david lazarus with money. smart to explain. >>hey there.aight days of gains, the s and p 500 said yeah, i need a break and it was down today, but not by much. just 11 points. traders say this is just a natural breather after such a strong run. in fact, the strongest run for the index this year. and now traders are looking ahead to friday's speech at an economic forum by fed chief jerome powell, as well as minutes tomorrow from the most recent fed meeting, traders are looking very closely for any commitment to a rate cut next month. and if that happens, it will send stocks soaring. meanwhile, shares of paramount global down one percent a day after former seagram's and warner music exec edgar bronfman junior put a rival bid on the table for paramount studios. there's already a bid accepted by the paramount board from sky dance media. but paramount left the door open for rival bids to be made. and bronson got his in just under the wire. you can expect a slugfest to now break out between the rival suitors to see who gets the spoils. meanwhile,

david, chief u.s. economist at goldman sachs, appreciate it. we'll be listening along with you tomorrow for what chair powell has to say. all right, on a day when the s&p 500 was down 0.9%, and we await the feddal jackson hole that's going to do it for "overtime" right now. "fast money" starts right now. >>> live from the nasdaq market site in the heart of new york city's times square, this is "fast money." here's what's on tap tonight. on the clock. fed chair powell just hours away from his must-see speech in jackson hole, wyoming. will he tip his hand on rate cuts in september? will he spell out how many cuts we'll see by the end of the year? and how will the markets react? we're live in wyoming, straight ahead. >> plus, crude now hovering near lows of the year. f should investors bet on prices falling more from here? we're going to debate it. >>> and later, a throwback thursday for a couple of covid darlings. peloton and zoom on the climb again, but can the duo ever recapture the magic they had during the pandemic? i'm sara eisen, coming to