our members rejected the contract by 94.6%. and they voted to strike by 96%. >> strike, strike, strike, strike, strike, strike >> right now, a crippling strike

for boeing 30,000 machinists for boeing workers walked off the job the first strike at the aerospace giant in years it is happening following a series of safety incidents boeing stock falling in the pre-market we are live in everett, washington later in this hour with the breaking news story. welcome to "worldwide exchange." i'm frank holland. we have a very busy hour ahead this friday morning. let's get to your "five@5. boeing's largest union voting to reject the labor deal and striking right now dealing a financial blow to the company that is already in crisis. call it an a.i. letdown. let the pop continue oracle welb building on a banne

week. plus, the a.i. takeover. sound from the two leaders in tech talking about u.s. policy and much, much more. later, former president trump doubling down on crypto it is friday, september 13th, 2024 and you are watching "worldwide exchange" here on cnbc let's check the u.s. stock futures with the nasdaq and s&p both riding four-session win sd streaks. you can see futures are in the green across the board it is a big day for the money movers that includes shares of oracle popping in the pre-market and raising the revenue guidance and got it higher for 2029 as well you see it is moving 6% higher much more on that stock in a

moment shares of adobe aregetting hit hard after a weak current quarter sales guide cast doubts over the a.i. offering you see the big drop right here. you can see shares are also down more than 8% we are checking the bond market this morning the yield curve has deinverted the two-year right now at 3.57 remember, this is the read on fed funds rate and expectations there. also very important to note that the 30-year is back below 4% this is the read on inflation expectations we will take a look at oil a bit of a rally with oil. oil just below $70 a barrel. up .75% of 1%. brent crude is up over .50%. crude coming off its best day in two weeks. let's see how europe is closing out the week with silvia amaro in london with the early action there

good morning >> very good morning, frank. it is a positive session thus far for european equities. indeed, we are on track for a positive week as well. let's see what will be the final print when we end today's session, but thus far, it is the positive narrative after the european central bank decided to cut rates by 25 basis points on thursday although the bank cut the growth outlook for the rest of year when you think of the other points this morning, looking at france, the kcac 40 is trading higher by .2%. the inflation data out of france this morning actually came in at 2.2% for the month of august in line with forecast indeed, further evidence we are seeing inflation easing in the eurozone let me show you the different sectors as well at this stage in the european trading session we have been keeping a close eye in some of these corporate announcements we are getting

this morning we actually saw a couple of merger deals, i should say looking at autos, they are leading into the session up 1.2% the rate sensitive sector, real estate, is trader higher offer the back of the ecb decision let me show you the other side of the equation. we are seeing a little bit of pressure with travel and leisure. stocks are marginally above the flat line despite the news of further consolidation among the european lenders let's see if regulators will actually be approving those deals. for now, frank, all eyes in europe are also turning to that very important fed decision next week >> a lot of anticipation when it comes to that. silvia amaro in the london newsroom silvia, great to see you. turning back to this morning's breaking news. more than 30,000 boeing workers

in washington state and oregon officially going on strike awe few hours ago after overwhelmingly rejecting a new contract shares of boeing down 4% right now. that will halt production of the company's aircraft, including the best selling 737 max boeing releasing a statement on the union vote saying in part we remain committed to resetting the relationship with the employees and union and we are ready to get back to the table to reach a new agreement this strike delivers a costly blow to bow being the last worker strike was in 2008 and cost the company an estimated $100 million per day we will have the latest from phil lebeau who is in washington at the flplant. turning back to the markets. pre-market in the green across the board as investors look ahead to the next week fed decision we bring in robert teeter at

silvercrest asset management >> great to see you. >> big moves for the nasdaq especially up about 5% week to date in your mind s that confidence that we will get a cut or confidence we get the 50-basis point cut that is still technically on the table >> i think some of it is from the selloff we had in the nasdaq and other markets with the weaker economic information back in july. so f you look back at the longer time frame, they are having the issues over it in my opinion, 50 would are justified by acknowledging weakness in the labor market that is not something equity investors want to see. that nasdaq is powered back from a lot of the companies in that index. >> it is funny you talk about

earnings lseg put out earnings estimates for 2025 you are paying close attention to it. their estimate is 15% eps growth next year. you have a considerably lower number at 9% how does that shape your view of equities >> i still have a favorable view on equities. 9% is still a strong number with future returns. >> considerably lower, though. >> yes, it is considerably lower and it is on the basis of a slower economy the growth rate of 2% puts you at 7% or 8% earnings we think there are margin gains on top of that which gets you to 9% or 10% if the margins come through better 15 is an achievable number, but it requires the cuts in interest rates to come sooner rather than li l later and for the economy to sea levels of 2.5% or higher currently, the baseline forecast

is 2% on the economy which leads to about 9% in terms of earnings. >> with all that in mind, you are seeing a lot of opportunities with the he healthcare sector. it is up 14% year to date, but still lags the s&p if the economy is slowing, in your mind, why does that create opportunities in healthcare? >> that is on the margin side. healthcare has not recovered to the pre-pandemic margin levels there was a lot of disruption in that sector during covid there are hiring challenges. we think there is a potential for a lot of margin gains for health care. it is labor intensive not only a.i., but robotics to help bring down costs and improve margins. they have the chance to control their own destiny. >> robert teeter, thank you very much >> great to see you, grfrank.

>> for more on what's driving the market head to cnbc.com/pro. we have more to come on "worldwide exchange," and one word that investors have to know today, but first, the big money movers and adobe ceo throwing cold water on the outlook. and jensen huang weighing in on taxes and critical issues painhis company. and later, more on the boeing crisis and if it is time to bail on the stock. we have a very busy hour ahead when "worldwide exchange" returns. stay with us. tony, its gone. no. how am i going to do this? welcome to the mdy mid-cap cup, presented by state street global advisors. today's challenge is to play 9 holes without the middle of your bag. how does that sound? that sounds terrible. ♪♪

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welcome back to "worldwide exchange." time for the big money movers. three big stock stories this morning. we start off with oracle. shares up 6% after bumping up the revenue guidance for 2026. oracle says it now sees at least $66 billion in annual revenue and about $1.5 billion more than analysts estimates. it's been a good week for oracle. you see the chart with the shares up 15% after reporting better than expected earnings. shares of adobe are sliding with the third quarter results beat forecast with the a.i. products. revenue guidance for this quarter came short of analyst estimates. the adobe ceo says there are a lot of positives to point to

with artificial intelligence and current business. >> the current business is strong and equally exciting, the new initiatives we have been investing in continue to show promise and differentiation. >> shares of rh are rallying. reporting better than expected second quarter earnings. the company sees healthy demand for home furnishings despite operating in the most challenging housing market in three decades. shares of rh are up big right now up almost 20%. straight ahead, a "worldwide exchange," exclusive with the ceo alan karp. all that and more when we return. stay with us.

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speaking with jensen huang outside the white house yesterday in a scnbc exclusive. huang and others meeting with top biden officials to discuss the future of artificial intelligence and the infrastructure needed to develop that tech. huang also weighed in on hot button issues like tariffs and taxes and export control. >> national security and industrial resilience and supply chain resilience, all of those matters are really complicated. this administration understands the nuance of it. we would like to see, of course, the u.s. industries be as vibrant as possible to export american standards all over the world and the rest of the world built on american standards. of course, national security incredibly important and we have to safe goods guguard that at t time. this is why the policymakers have a difficult job. they have to balance all of

these requirements and make sure we have a great policy that somehow balances and keeps all of this up in the air and thriving. >> now sticking with the artificial intelligence trade. palantir shares are up double digits after the company would join the s&p 500 on september 23rd. it will buy shares as part of the inclusion of the a.i. player which has seen its stock double this year. i sat down with ceo alex karp and asked about being added to the s&p 500. he hopes it invites more to the company and more to its mission. >> you're investing the world's best software and biggest enterprise software company in the world. we really, really care about the products we build. we care about them because the most important people, the people defending you on the

frontlines are using them. if you -- many of the people investing in us now, have already invested in us because individual investors have powered our economies and allowed us to dpo as opposed to ipo. we and i am very committed to delivering results for you and our nation. >> we talk about the individual investor on cnbc. are you hoping to have the similar impact with the individual investor with pal palantir? >> we will work really hard to make sure that continues. >> that one-on-one is at the summit with the software and impact on the business. that included british petroleum and at&t discussing palantir. i talked about the impact on industries and work forces. >> telecommunications are more efficient.

oil and gas exploration is kek cheaper and better and safer and more transparent. in general, the big disruption of a.i. is national. the current a.i. revolution is in aggregate very good for america. you know, it's revenue expansion and it's safety and it's in the context of hospitals. how do you do asset allocation? how do you allocate patients to doctors? how do you get paid when the insurance company doesn't want to pay you? it is an interesting use case for a.i. how do you take someone smart, but not technical and make them technical and smart? a.i., our platform can take a high school grad and get them to produce as if they were an engineer whose been on the plant for ten years. that's very special for america because we have a lot of very smart, thoughtful and creative people, but fewer engineering degrees than japan, germany, et

cetera. >> doesn't that disrupt the paradigms in america in you can take someone with less skills or education and scale them up with the software? doesn't that mean work forces are smaller? what is the long term? >> the long-term story is we will make everybody eager to have value and creative job. at the end of the day, you get some portion of the value you create. we want to make all workers in america more valuable. if you are looike me and more left, you want to capture the maximum amount of the labor they created. so, will there be losers? yes. you need basic skills. reading, writing and math at a high school level is crucial. you can really scale up everyone with those skills which is why we should get everyone in the country to that level. >> karp talked about the continued need for regulation

and guardrails for a.i. the full interview and what karp said about the 2024 presidential race and potential impact on his business is right now available on cnbc.com. as we look at a.i. and the future of hiring, many tech companies are looking for the next generation of the work force. policymakers are putting their best foot forward. emily wilkins is joining us from washington. emily, good morning. >> reporter: good morning, frank. the only black female senator introduced legislation to make sure black and hispanic communities are ready for the future of a.i. this would create a $250 million grant program focused on students and teachers and workers with the skills they need to understand and work with a.i. now the bill specifically mentions black colleges and universities and other minority serving institutions. in addition to allocating the

funding, it requires the government to study a.i. in the work force and how it impacts demographics and use that study to inform how the grants are given out. it is backed by unions and microsoft. fred humphreys for microsoft said in a statement that the bill, quote, will help further the understanding of the impact and opportunities of a.i. on workers while also supporting new and innovative a.i. literacy and skilling initiatives across our nation. butler isn't the only one focused on education and skills building around a.i. a house committee approved nine a.i. bills this week with strong bipartisan support and a.i. capacity building products. frank. >> emily, wemily wilkins, thank

you much. boeing's first strike in years. we will have more with phil lebeau when we return. stay with us. >> announcer: tech drivers is brought to you by cdw. make amazing happen. across organizations with microsoft copilot. ai-powered solutions and devices make complex tasks easier and cybersecurity stronger, so everyone on your team stays protected and productive. make amazing happen. microsoft and cdw. is it me... or is work not working? at least, not the way it could work. your people are buried in busy work. and you might be thinking... can ai make it all work? it can. on the servicenow platform, ai transforms your entire business. because when your people work better, everything works better.

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with a qualifying trade-in. don't wait! call, click or visit an xfinity store today. it is 5:30 a.m. in new york. there is still more ahead here on "worldwide exchange," including breaking news. >> our members rejected the

contract by 94.6%. and they voted to strike by 96%. >> strike, strike, strike, strike, strike, strike, strike! >> a little more than two hours ago, 30,000 boeing workers walked off the job. phil lebeau is live with the latest. we look at what it means for the company and the stock. stocks charging ahead as wall street looks to close the week on a positive note and the bounce back with the most talked about stock on the market. nvidia. and president trump is looking to solidify himself as the candidate. it is friday, september 13th. you are watching "worldwide exchange" here on cnbc.

welcome back to "worldwide exchange." i'm frank holland. thank you for joining us on this friday morning. we pick up with the futures. we are on a four-week win streak for the s&p and nasdaq. it looks to be on pace to continue today with another positive day. futures in the green across the board. we want to look at yields. we start with the benchmark at 3.63. important to note that the 30-year back below 4%. we are coming off cpi and ppi earlier this week. we are looking also at energy. $69.69. up over 1%. brunt crude is $72.60. up nearly 1%. oil coming off its best day in more than two weeks. that is the morning set up.

let's turn our attention back to the breaking news. more than 30,000 boeing workers in washington and oregon officially going on strike hours ago after overwhelmingly rejecting the contract with the company. phil lebeau is in everett, washington with the latest. good morning, phil. >> reporter: good morning, frank. this is what a strike looks like. we haven't seen one at boeing for 16 years. today, boeing workers are picketing outside the gate here in everett washington, the final assembly plant for the 777. let me show you shares of boeing. it's down about 4%. as we look at that, let me tell you the vote. it wasn't even close. we knew yesterday talking with members there was a strong sentiment to reject the contract and to go on strike. 94.6% of the machinists voted to reject the contract which included a 25% raise overthe next four years.

96% of the machinists have voted to go on strike. that's what they're doing. they're out here picketing early this morning in everett, washington. here is the president of the international machinists with the announcement after the contract was rejected last night. >> our members spoke loud and clear tonight. all day they were voting across puget sound and victorville and moses lake. i'm proud of them for standing up and fighting for more for each other and their families and community. there's a lot at stake here for our members. >> reporter: after the announcement that the contract was rejected and the machinists would go on strike, boeing issued a statement saying our members -- excuse me, the message was clear that the tentative agreement we reached

with the iam leadership was not acceptable to the members. we remain committed to resetting our relationship with our employees and the union and we are ready to get back to the table to reach a new agreement. once again, as you take a look at shares of boeing, a reminder that this contract -- the big issue here, frank, is the pay. 25% over four years, that sounds like a healthy raise and most people in most jobs would say give me a 25% raise. the machinists here and we heard it yesterday and early this morning, are all saying the same thing. we need a lot more than that. they want 35% or 40% and partially the reason is because they didn't get much of a raise in the last contract. 4% over eight years. time after time, we have heard members here early this morning say the same thing. that's not enough. we need to make up for what we missed out on the last contract. as a result, they are on strike here in everett and on strike at

the renton plant. it will be interesting to see how long this lasts, frank. the last one in 2008 lasted 45 days. most will see an extended strike. it is not a quick couple days and here's the deal and everybody will agree to it. most believe this is an extended strike. frank, back to you. >> obviously, the union making wage demands. the statement from the company saying they want to get back to the table . is there any sense when they will sit down and discuss the contract? >> reporter: they'll get back to the table. the question is whether or not they can reach an agreement. if the leadership of the union license to the membership and the membership is saying we want 40%, 40% from 25% is going to take a lot more than just sitting down over a couple of sessions and hammering out a deal. is it possible?

yes, it is possible. is it likely? based on my 30 years of covering this company, it's not likely. this is likely to be a more extended strike given where the membership is in terms of what it's looking for. >> phil, we will lean on some of your decades of experience when it comes to boeing. with this strike, is there certain areas that are more impacted or broadly going to hurt boeing? >> reporter: commercial. this is -- listen, they are hitting at the heartbeat of boeing which is commercial airplane production which is based here in everett and r renton. there are some people who say they are only delivering 40 planes per month. the max production is lower than it could be. is there a good time to have a strike? the counter to that, you never want to see a company go on strike. it will be costly and cost them more in the near term. you will not see the delivery of aircraft.

as a result, the commercial airplane business will feel more pressure near term and the longer this goes, the more pressure that boeing will feel on the commercial airplane business. >> phil lebeau live in everett, washington with the boeing worker strike. phil, thank you for your time and insight and reporting. for more on the impact of boeing, let's bring in sheila. great to have you joining us. >> thank you for having me. >> i'll start with phil. the stock down 4%. you have a buy rating on the stock. your price target is 270. you are bullish than the average analyst. average analyst is 214. now we see the strike happen, does this change the rating or your price target? >> we captain talk about that. i think our price target is based on the long-term view that the fiscal 2027 pre-cash flow

will be based on normalized production rates in the 40s on the max. phil said we are way below that. there's been constant paper cuts. the january 6th accident was more than a paper cut which stopped production. the 37 or 87 prophibited them. the production was double than it was on the max in 2008. it is hard to fathom how low production is today. >> so, again, stock price is down right now. we are showing the year to date chart after a number of insurcidents and over the past years, incidents impacting c confidence with the company. phil mentioned the last strike was around 45 days. do we have the sense of the bottom line of the company? >> yeah, in 2008, i believe the strike was 58 days and that

strike was a loss impact of $2.5 billion of free cash flow. the company was at higher production rates. let's caught it a net-net. we assume half those figures every month. about $1 billion of net income every month that's lost. it is really hard to size it. i think this is especially coming at a time when boeing is having so much trouble going up the learning curve and scrutinized by the faa and everybody, rightfully so. they have been doing that gradually in the months of june, july and august despite slow production months. i think financially, let's call it $1 billion every month and boeing has a lot of pressure to not lose that given where its balance sheet is as well. i'm sure boeing and the iam union will come together quickly, is my guess.

i know it is a 25% wage increase they received, some get higher than that. we anticipate 40% is where they could end up given where we see other unions shake out. >> pohil lebeau saying 25% is te aggregate number. he said they could take other meetings in negotiating sessions to get up to 40. that would take quite a bit. i want to shift on boeing to the impact on the customers. this is a slower production time for boeing, but what does it mean for customers looking for delivery of planes down the line. does this impact that? >> we have seen that impacts. boeing delivers estimates for 500 to start the year on max. we're down to 350 today. we cut 150 given all the incidents that happened this year. of course, it slows production. our back half forecast is going to deliver about 38 a month.

they are delivering 30 maxes a month. they have some in inventory to give them a buffer to deliver once the strike is resolved. it does pressure ultimate the customers, but i think most focus -- you know, we have another impending strike with air canada set to strike on sunday. that is more of an immediate focus if your customer wants an airline. with boeing, the production has been so slow and airlines have actually acknowledged the slowness and cut capacity to be in aligned with that. >> sheila, we are laying out a lot of issues. we showed the financial impact of $1.52 billion in net income. again, you have a buy rating and 270 price target. i know you can't talk about changes. is it the time in your mind for analysts to change their view on the stock and ratings? there have been so many bumps in

the road. we don't know how long the strike will last. is it time to change the way we look at boeing? >> ultimately, we have a longer term view this is a global d duopoly. free cash flow should be set to resume once production resumes you need workers on the factory floor. i'm sure the new management team and we have a new management team in place as well and they will be focused on ensuring the strike does not last long and they set their terms. >> tough start for the new ceo a few weeks on the job sheila, thank you very much. >> thank you coming up on "worldwide exchange," downgrades on moderna on the plans to cut spending we're back on ""worldwide exchange" in just a moment a prescription. reque and i've been taking it quite a while myself

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vernova with the $245 price target it is one to capitalize on the growing power transition time for the global briefing elon musk blasting the australian government after new laws on social media companies if they fail to comply with the rules on disinformation on the pla platforms. musk posting the word fascists on xand that is drawing rebuke saying elon musk is a champion of free speech when it applies to him and dsv is buying schenker for $15.9 billion that will make dsv the biggest freight company. and vodafone could push up bills for customers by reducing the number of networks from four to three. the cma says the deal could

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welcome back to "worldwide exchange." take a look. futures in the green across the

board. the s&p up .25%. we want to show you the dow gainers this morning taking a look. intel at the top getting a boost from gina raimondo touting the production chevron in the number two spot followed by nike and disney. time to get a check on the top corporate stories, including new regulatory troubles for one regu bank bertha coombs is here. >> good morning, frank shares of wells fargo is looking to bounce back after dropping 4% yesterday after the lapse in the anti-money laundering and financial crimes risk practices. the office of the comptroller of the currency which did not fine wells says the bank has agreed to fix controls. it added it is imposing a requirement that wells fargo seek permission before expanding

into the medium or high-risk areas without naming them. former president trump teasing the launch of the new digital asset project. trump says he will host a live stream on elon musk's x platform monday for the launch of a project backed by him and his sons, don junior and eric, called world liberty financial trump has previously teased the platform as one for botrrowing and lending. and chatgpt hits 11 million paying users citing information from the coo the information adds that figure implies the chatbot is charging 2.1 billion on an annual basis frank. >> it's hard to believe some of

the numbers. hard to believe it just came out 18 months ago. it hasn't been around that long and generating that revenue. >> we talk about it like it's part of our nomenclature. >> wow a good s.a.t. word. coming up on "worldwide exchange," the stock with the a.i. angle that our next guest stng is high on her shoppi li up 20% this year. if you haven't already, check us out on your favorite podcast apps we'll be right back after this break. and services businesses, deliver global financial solutions. so our client can keep investing in innovations for patients around the world. without pause. for the love of moving our clients forward. for the love of progress. is it me... or is work not working?

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welcome back to "worldwide exchange." time for the "wex wrap-up. boeing workers going on strike a few hours ago after rejecting the labor contract shares are down 4% boeing saying it is ready to get back to the table with the union to reach a new agreement shares of oracle are jumping after the guidance for 2026. it sees $60 billion in annual revenue and $1.5 billion more than estimates shares of adobe are sliding. the third quarter results beat

forecast thanks to demapnd for the a.i. products. revenue guidance came in short for the estimates. adobe shares down 8% interactive brokers betting on the election. the founder and chairman says the platform will go live on monday after the judge decide the bid to block betting around elections. sticking with the 2024 race, republican vice president candidate jd vance speaking to cnbc over apple practices. >> if you want access to american markets, you cannot use chinese slave labor. do i think apple is an evil company? no do i think they benefit from chinese slave labor? yeah >> the comments coming from the interview on "squawk box." the markets are looking to

continue their positive momentum today with the s&p and nasdaq riding win streaks we have victoria greene with more great to have you here >> good morning, frank >> we just mentioned markets are a bit of a win streak. how do you see today shaping up? what is your wex word of the day? >> my wex word of the day is spooky it is friday the 13th. it is spooky season. september is a bit tough on the market if you get a spook or fright, don't panic. we are in no-man's land. last week was horrible and this week with five winning days in a row? typically september is the worst month of the year. for us, we are cautiously dip buying we would not be surprised if we see a down side in september >> we are not going to let the spooky season scare us you say you are buying the dip

are there certain sectors you are buying the dip or staying away from? we expect a rate cut next week in your mind, is it 25 or 50 are there certain sectors that have a definite benefit from that cut or others that are definitely priced in >> i think it should be 25 if you are rooting for 50, that means you don't understand the market that typically is not great for equities we are rooting for slow and steady 25 bps and a pause the market is pricing in 25. dudley coming out saying maybe 50 we like rate sensitive sectors we love health care. we are avoiding energy that area is difficult i agree with bank of america saying energy is not a value it is a trap it is looking cheap, but energy is under pressure. that is one area i am avoiding because i think they will have

dow d downside pressure. >> i want to ask you about two stocks in particular one is dell added to the s&p and palantir when you look at the two a.i. names, they had upside moves being added to the s&p and having big years how do you view those two names? >> i view them very positive dell is where the servers are and they sell pcs. for me, we have the new pc upgrade cycle that everybody bought electronics in 2020 that is finally cycling off. we have a new cycle there. dell has been under pressure the last three or four months. you should have more buying. i like both of the stocks positively i would lean dell because i think that has a better runway and visibility and direct beneficiary on a.i i think dell is a higher quality

blue chip. i want quality and a lot of cash flow. >> i want to go to your pick for us the a.i. play. a reit it is a reit that focuses on data centers having a really strong year to date this is a company that benefits from the a.i. tried and a.i. focused companies. they don't necessarily benefit from rate cuts do you see more upside for this company? don't we already know these companies are spending on data centers and boosting cap ex? >> because a.i. is not done. that are runway is fantastic the backlog keeps growing. they have $5.5 million in projects in the next five years. it is the absolute secular tailwinds in the data center area you have the hyper scaler cloud that need data center and storage. they have a lot of low rates

coming off renewals. they will get low revenue stuff off the books and trend higher you have growing demand. i love this stock. >> all right dividend also over 3%. something that is attractive right now with a lot of volatility in the market vicky, have a great weekend. >> thanks, frank >> one look at futures before we let you go for the weekend in the red the dow would open up 80 points higher "squawk box" starts right now. good morning the countdown to the fed meeting continuing the s&p 500 and nasdaq on a four-day win streak. the futures are higher this morning. boeing workers are on strike more than 30,000 walk off the job rejecting the latest contract and boeing shares are going to be at a 52-week low

i guess lower down in the 130s back in september of 2022. it's been a long grind down from well above 400 we are tracking nvidia's bounce back. shares of the a.i. chip maker up 15% just this week it's friday the 13th and september in the year of 2024. "squawk box" begins right now. ♪ good morning welcome to "squawk box" here on cnbc we are live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin. the big inflation data points of the month are out of the way at this point we've gotten two of them over the last couple sessions