so accenture has two businesses, consulting business and they have the outsourcing business. and the consulting business is not doing particularly well, not badly but not well, but the outsourcing business is growing rapidly. the company is all over the united states and in europe are hiring accenture to clean up their data. you have companies, major companies that are not even in a position to do anything within ai because their data is not yet clean and in one spot. so most of corporate america is just in the early process of cleaning its data before they could even figure out what to do with respect to ai. >> snowflake is in that same business. snowflake is down 60% from its highs and trading near 52-week lows. again, there's kind of easy ways to think about some of this stuff. i could probably counter almost everything you say. unless you tell me that microsoft, nvidia, you know, all these companies are going to be $5 trillion companies, which i'm not sure they're going to be that anytime soon, i just think there's a potential hangover for a lot of these stocks. a lot of

that's encouraging, but consulting, we've gotten a ton of channel checks on consulting, and accenture reported -- i think it's going to come in worse than expected. the big thing is it's -- the other piece, the most important piece is that software service components. i do think free cash flow is going to be the bright spot, but 17 times, it's not exactly as cheap, but i think it should hang in, and the restructuring story is very well intact as they're level the laggard part of their business, the servers, and they're going more toward the growthier parts. >> cheap for tech, not as cheap for ibm. >> right. >>> thank you for the conversation. >>> we are hitting session lows on the s&p 500. over to pippa stevens for the biggest names moving into the close. >> hey, michael. on lamb weston is having its worst quarter ever. frozen potato demand has softened, negatively impacting restaurant traffic. they expect the slowdown to continue in fiscal 2025. and shares of bausch health are -- that they're considering for bankruptcy protection. bausch has denied the report. the stock was halted se

and ai offerings and the company has roughly $750 million in generative ai bookings to date while accentureed around 900 million in second quarter alone which rbc analyst matthew swanson illustrates how big this market is. swanson has a $200 price target on ibm and it is currently raiding at 183 and, having an upside, and hashicorp over $6 billion that is still under ftc review. shares of ibm, you'll see, have stalled as wall street has focused so much on hyperscalers as the favorite ai trades and it is trading at a discount to the bradder s&p tech sector. >> it's been for a long time, seema, about the sequential revenue declines that we've seen, growth declines overall for ibm. >> how much now do investors want to focus strictly on this ai thread and this ai part of the story as opposed to how it fits in the portfolio for how it's doing that in the coming years. >> the thing about the ceo issent grating it from he blid clouds and that's a key focus that. h help you photocode fractionally doing better. >> and up 12%, seema, thank you, on ibm reporting this afternoon and outside of big tech,

we're excited about accenture's a.i. exposure. if you think about the enhancement we're going to get in productivity as general operating businesses, it's going to come from this technology that is very, very new, there are all new vin doors and i.t. departments in corporate america need to figure this out. and venture is well positioned to help these companies sort through all that. there's a couple examples of things we think investors will begin to focus on as they look beyond a.i. specific direct plays and look beyond on what else could potentially benefit. >> i want to believe it's the roaring '20s, but it's unusual to have a period where the unemployment rate rises. >> you get the slowdown that's not necessarily fatal in any shape or form. if you look at jobless claims yesterday, they fell. we're not hearing from companies they're doing mass, mass layoffs. you're hearing about it on a more selective basis. a lot is having to do with industry-specific issues as opposed to economic issues. we'll probably slow down. a recession

consulting giants mckenzie and accenture. rev onics which counts home depot, tractor supply and grocery chain hanford, among others. bloom reach which services fresh direct, total wine, puma. these are all retail names that our viewers and their families would recognize. ftc chair lina kahn said firms that harvest americans' personal data can put people's privacy at risk. now firms could be e mroiting this vast trove of personal information to charge people higher prices. she describes it as a, quote, shadowy ecosystem of pricing middlemen. the ftc is demanding information about the types of products and services, how they collect consumer data, who are their customers and how the clients then use this product or service, what impact that has on consumer pricing. the agencies undertaking the action under a 6b authority which authorizes it to collect information without specific law enforcement action. i want to note here, it's important to note, none of these eight targeted companies nor their clients are accused of wrongdoin

founder of health care technology company, acquired by accenture this spring.ble to put it all together. >> the best thing right now. did you watch last night? can't get better. the fastest growing and most exciting sports and entertainment category and i believe it is -- >> what was the initial moment? to get involved initially? >> initially a minority and so forth. soon as i got involved, i saw enormous potential. flabbergasted know many had seen that, as sport and as a business and the sky was the limit and decided to jump in. >> what year did you first jump in? >> 2022. >> something you were looking at that made you think i want do this? >> i think it was actually me being a woman, actually. probably another aspect of it, because it was really deprived of the necessary investment, and the attention that was really critical to take this sport to the mainstream. >> you weren't a soccer fan before? >> i didn't even play. a lot of people think i played soccer and so forth. the joke was, when i started i didn't even know who leo messi was, people joke about it.