be able to generate images and graphics and all things adobe software does for you without adobe's help. what adobe has smartly come in and said is, we are going to use generative ai technology and weave it into our products and make them better as a result. it's stock is skyrocketing right now. matt: they have a software suite that takes care of a number of things plus give you copyright guarantees against copyright infringement that are probably really important for commercial usage. what are you seeing in terms of plans that are actually going to make money right now? how any companies are able to use this artificial intelligence, really marketing jargon, it is a software sweep. how many companies are able to use the software sweep to charge customers whether they be consumer or business customers for transactions? >> i think that is a couple of years away because the roadmap is going to take a while for the products to be launched and modernizing. the biggest beneficiary in the near term is going to be the cloud providers, people like microsoft giving the backbone to these products

we think adobe should be fine with or without fed mark.hey can still growth the creative business and to be honest, that size of a business growing 13% is pretty impressive in our view. ed: bloomberg intelligence reaction to that story. a story we are also following, ftc chair has reclined to recuse herself in a case against mehta. the ethics official recommended that she remove herself from the case to avoid the appearance of bias. mehta sought to disqualify her over the proposed acquisition of a virtual reality start up. coming up, elon musk and bernard arnault go out to lunch. in the big question, who picks up the check? nikola, the chief investor officer has said to vote against all proposals coming up at the next meeting. the shares are down three point 21%. it has been a wild ride. this is bloomberg. ♪ 's public and private markets in pursuit of long-term returns... pgim. our investments shape tomorrow today. ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differentl

we'll speak to adobe later on. they make me very confident we're not done with the phenomenal tech quarters bottom line when you put these four often contradictory groups of buyers together you can get a magnificent run across the board like we had today. ultimately maybe only one camp can really be right but in the interim as the bets are being made almost every kind of stock is going higher. ♪ hallelujah ♪ eric in michigan eric >> caller: jim, how are you doing today? >> eric, i'm telling you, every tom going higher kind of makes me like the market what's going on? >> caller: i'm calling on uber it hit a new 52-week high today. i wanted to get your short-term outlook on the stock do you think we can continue going higher >> yes i think uber has -- i think uber has a number of things going for it and you know what, it really did kind of win. and i like a winner in the space. uber triumphed why? great management everyone is buying into the market recently is looking like a genius sooner or later not everybody will

what's your take on adobe? >> yes we also own adobe.hat i like about this strategy is you're trying to squeeze as much juice as you can out of whatever you happen to think is remaining. if you are hoong, my zbes we are closer to the end of this most recent tech rally. using strategies like this one where you don't take more down side risk but give yourself more juice for the near up side moves will allow you to get a little extra exposure here. >> carter, how does adobe look and how does software in general igb look >> igb looks very similar to adobe. it's the point of a laggard that it's playing catchup we looked at cisco a week or two ago in this same light so these do have legs relative to the most extended legs. >>> coming up, some carvana enlightenments >>> aim across nbc universal, people who are sharing their message of hope and conservation to a whole new generation. >> we watched her involve from an intrepid female volunteer discovering chimpanzees. >> back then there was nobody doing that. >> to a global icon in conservation n

what's your take, mike >> we own adobe. i like about this strategy, you're trying to squeeze as much juice as you can out of whatever you happen to think is remaining. if you're long some of these tech names, not just adobe this is a way that you can get a little bit of extra juice out without committing more capital and taking more risk to the downside my guess is we're probably closer to the end of this most recent tech rally we've seen than we are to the beginning of it so using strategies like this one where you downside risk, but give it more juice for the near upside moves will allow you to get extra exposure here. >> carter, how does adobe look and how does software in general igb look, for instance >> igv looks similar to adobe, but it's the point of a laggard that is playing catch-up you'll recall, we looked at cisco. a week or two ago in this same light. so, these do have legs, i think, relative to the most extended names. >> all right, coming up, some ca carvana enlightenment, options traders are kicking the tire

mike, what's your take on adobe? >> an also own adobe what i like about the strategy sur trying to squeeze as much juice as you can about whatever's remaining if you're long tech names such as adobe this is a way you can get juice out without taking more capital out and taking risk to the downside. my guess is you're closer to the end of the tech rally we've seen than we are to the beginning of it using strategies like this one where you don't take risk but give yourself juice for the upside moves will allow you to essentially get a little extra education poesexposure here. >> carter, how does tech look and ivg in general >> ivg looks similar to adobe. but it's to the point of laggard. cisco a week or two another in the same light these two have legs relative to the most extended names. >> all right, coming up, some carvana enlightenment. why options traders are kicking the tires on this trade. >>> we are shining a light on people inspiring america in a network special. jane goodall is still traveling the globe with

adobe is getting that lift overweight.enerative ai tools are really managing to move customers as they are a safe way of using it and they say we will give you legal protection to get rid of the watermark to ensure anyone files for copyright concerns, we got your back. adobe is not really worked out how to charge for these tools. a lot of it is pretty expensive. that's why you are seeing a lot of these text to image generators you see on your screen starting to have two make you pay. you cannot just experiment with this for free and adobe will be a test as to how much you generate and each customer will be different. they do enjoy that everyone wants these generative ai products. matt: there is an industry group in the s&p called communication services. it doesn't make sense but for you, it was a focus for much of your career on wall street. today we see in that group, netflix rising on a surprise in terms of additions? paul: they are cracking down on this password sharing which is a big deal and it could be 100 million ac

what takes hours on adobe.er, the bulls would argue, that's just impact on the nonprofessional business ai represents one of the best use cases or applications of ai so far and will lead to giant productivity gains so far adobe is winning over the bulls, the investors announcing fire fly, a generative ai co-pilot, that's what it calls it shares have run up 40% -- 45% this year, but 40% in the last month alone. that raises the bar for results tonight. and i want to point out, it could have been a bit of a warning. earlier this week there was a tepid market response to that new ai chip suggesting that product launches, they aren't enough ai winners, they need to show real partnerships, real path to monetization so, adobe could do that by putting some expected numbers on a commercial version of fire fly, which it will charge for. let's not forget as well, the guy at the center of it all, narayen, his track record, he has transformed adobe before into a cloud-based subscription powerhouse few are skeptical he can d

i can just bail. >> go ahead. >> adobe in "o.t."ou see the 274 low from september of 2022 here what i know with very strong conviction. you will have at least a 5% to 6% move postearnings why? options market tells you and built up an extreme amount of high expectations. fundamentally you need to see return of revenue growth. >> that's half of what it was. >> correct. >> right >> the last 12 months revenue growth 8% over prior 36 months it was 16% revenue growth has to come back again. the good news -- generative ai, is adobe going to participate? unquestionably they will and have this embedded platform in which 90% of fortune 100 companies are utilizing their digital solution products. integration into ai is very easy once they utilize the subscriptions. problem is the revenue contribution single digits at best. >> hold up. >> i can tell you, photo shop gay 20 years adobe $10 rest of my life. all i know. >> hold your thought. all right? deirdre bosa following lyft shareholder meeting when that kicks off. de. >> the word you used bef

last week brian laid out a way to play adobe ahead of earnings. that stock popped., your trade is near maximum green with a ton of time left until expiration, so what do you do? >> would have been nice if it moved slower but there's style time yes, they beat their earnings estimates, they weet the revenue estimates. got it higher but it wasn't guidance where they blew it off the cover to the upside. i think the stock probably sits still here if i get called away on this trade -- i was buy one call, selling two upside calls but wanted to do that with long stock division if i get called away on the 510 level, i'm still okay with that. i'll probably be a little patience, but by the time it works itself out mid july may be i'll start thinking at -- because it did pretty well for me now you've got to start to manage it and sort of watch it. >> carter, what's your take at adobe? >> this is when i think there's two ways to deal with great winners. you let it ride, cut it in half, or take it all off my inclination is to take it all off. this is a heck of a move the price is

you've got to manage it and watch it. >> carter, what's your take at adobe?hen i think, two ways to deal with great winners, let it ride, cut it in half, trim, or take it all off my inclination is to take it all off. this is a heck of a move i think the price is where it belongs, if you will, the stock is where it belongs and now a little bit overdone, too steep, trim. >> all right, up next, tweets, and the final call you ok, man? the internet is telling me a million different ways i should be trading. look! what's up my trade dogs? you should be listening to me. you want to be rich like me? you want to trust me on this one. [inaudible] wow! yeah! it's time to take control of your investing education. cut through the noise with best-in-class education resources that match your preferred style of learning. learn your way. not theirs. td ameritrade. where smart investors get smarter℠. >>> welcome back to "options action," time to take some tweets, our first fan asks how do we feel about the starbucks 105 calls for july 21st? seems to be a gap to be filled aroun

on optimism that ai features will increase demand for its software kari, you own adobe. >> you bet adobeas not been a good stock. the last month has been fantastic. the prior two years almost has been painful the stock peaked, just crossed 500 for the first time in a long while. finally beginning to come out of its recession. higher than last year, better than expectation, billings up 12% and, you know, they do a lot of things that relate to content and creation when you think of photo shop you don't think of ai but they incorporate every bit of software technology they can apply to their field they are dominant and a leader this is an area we think has potential now that software is coming back and there's more building going on. there's more digital advertising which has been in a slump. it's starting to pick up we think that we're now just beginning to see the momentum in adobe. the potential acquisition, may have some problems with justice, but no one liked it. no one liked it. it hurt the stock. we think it's okay we don't think it's a problem. it might not come into effect. we thin

i like adobe, you do not have to say it. i like adobe very much. we hear that consumers are worried about a recession. wages are not keeping up with supermarket inflation. maybe this will help us figure out where the consumers had really is. will the consumer stop spending and start spending in anticipation of being laid off. not a good scenario. they will support victory. not like a cease-fire like they did on wednesday. there are still a lot of things that can go wrong on the market. many more than i thought. a lot more than when we were lower. prepare yourself. come join the investing club. sam, in pennsylvania. >> i'm back here in philadelphia. things are not going too well, hopefully things get better. >> we were supposed to start next year. >> thank you. >> anyway, i could not help but be bothered by the poor air quality that has gone through. it seems to get better. my question tonight is regarding a company i continue to see more and more. every year that goes by, i am seeing more yeti branded bags and beachwear. this company has a market c

flip if it over to adobe. it's been on a tear as well, right now it's up -- let's get it over to adobe if we can. there we go. up 4.3 % or $19, a wells fargo upgrade from equal weight to overweight. analysts think commercial customers will absolutely love fire fly, adobe's new a.i.-generative offering allowing users to turn text into images. and tesla's on top. boy, on track for tesla 11th consecutive gain. with gm coming along for the joyride, joining ford in agreeing to use tesla's ev-charging network a deal that some believe tesla's superchargers could be the industry standard in the u.s. because already they have such a big head start, there are so many of them. at the moment, tesla up 4%. gm if seeing a gain here. and so as tesla hoists much of the market, let's take you to the friday floor show and trader keith fitz-gerald. keith, at moment markets look pretty decent, the dow finally climbing up about 70 points although e the high of the session a gain of 141. they have loved tesla at the top of the s&p

s&p 500 winners, warner bros., adobe we talked about adobe, ebay, sherwin-williams.winners lucid, adobe, is the scaler and t-mobile at the bottom. check the tenure because we did see it going up a little bit and it's going down a little bit once the trading began, 2.7 basis points to 3.7%. gold is trading up about 1%, $20 just shy of that 2000 an ounce. bitcoin is up 29 to $26377 for a coin. oil trading up again, $72.67 a barrel. natural gas, let's see about natural gas trading down. the average price for a gallon of regular gas is $3.56 but in california, $4 in any 87 cents. she's used to that in california, former vice president mike pence officially launching his bid. he didn't hold back, former boss president trump, rotate. >> are party to the conservative principles. i talked about it today, my former running mate and others walking away from american leadership on world stage. i'm going to stand on the strong conservative agenda. >> he's got quite a road. we will get into all that and meanwhile there is this, first of all thick smoke from wildfires burning in c

looking at shares of adobe a.i.hing the stock past $500 a share after the company reported results that topped estimates. the stock at a 52 week high and has been on a tear since may spiking 50% on optimism over the a.i. push. the ceo reaffirming that last night on "mad money. >> we had over half a billion generations created so far in addition to that, what we have done with the interfaces with fill in photo shop or illustrator. that is where the excitement is. >> turning to shares of virgin galactic up 40% this morning. headed out of this world sky rocketing in the pre-market as they prepare to launch commercial tour ifrm tism this h it is targeting june to july for monthly flights starting in august >>> we are watching shares of micron to spend billions on a plant in india we have our bureau chief parikshit luthra with more >> reporter: we are now learning from sources that talks between micron and the indian subsidiary are in the early stages. this announcement could come as early as next week for a $1 billion i

my relative is a dress maker she makes floral dresses before adobe firefly the new adobe product that utilizes artificial intelligence, if she wanted to make a dress -- say a fruit-related pattern. it was hard to figure out how it would look see, if you placed the drawing, say, of a lemon near the shoulder, that lemon would literally knock everything else off kilter might take two weeks of redesign to get everything back on track. keep in mind this person is not some amateur hob yift. this is a professional dressmaker trying to figure out how to put a lemon here rather than here without destroying everything. rusing adobe firefly powered by artificial intelligence, the same exact change, which is moving the lemon from here to here, it can be done in minutes. she says two minutes and it's always better than the old version. it never makes mistakes. that doesn't mean firefly's going to destroy dozens of jobs, does it? it doesn't mean you're going to make a fortune from it but a designer who only has so many hours in her day to work, she just got an extra two days' worth of time. hey, wh

we're starting to resolve that there's more to go for adobe it's one of the top names. the leader in its field. >> joe >> regulatory approving for the deal is not there. they'll just buy back their stock. that's a second half story, maybe a 2024 story not really a story for here and now. has the stock gotten ahead of itself it probably has. they increased on a lot of cloud products that seems to be sticking. spending more resilient than expected i think this is a wait and see what will happen post earnings i would not be surprised to see the stock have a significant move in either direction which means you probably buy some straddles in the option market >>> we'll take a quick break and come back. "grade my trade" up next (vo) sail through the heart of historic cities and unforgettable scenery with viking. unpack once and get closer to iconic landmarks, local life and cultural treasures. because when you experience europe on a viking longship, you'll spend less time getting there and more time being there. viking. exploring the world in comfort. this is cynthia suarez,

i actually want to take another look at adobe.e have the details on what's going on in terms of the subscription for their genitive ai offering. we are up 5% now. it is the second best performer in the s&p 500. i think that is so interesting. another day, another headline. investors seem to buy it. caroline: they come thick and fast. we want to talk about the later -- the latest genitive ai announcement. one company uses it to help sales team generate sales growth. here to discuss the product and its own ai models, ceo amit bendov. thank you for joining us at how long was this in the making? recently throwing out new announcements because everyone has got one or is this something you have been building a while? amit: i have been building this since 2015. i realized i was the ceo of a company here in new york city and our people are spending too much time entering customer information into our system. 99% of the work does not get done and they hate it. my thinking was, if ai can beat the world champion in chess and if ai can diagno

a stock to watch is adobe, went up to 518.keeps going lower and lower after an amazing quarter watch adobe because i think that's going to be the tell about whether the ai stocks retreat. ai of course has been the leader. >> the adobe thing, if you believe the ft this morning, is about tmaybe getting a second look at the thinking ma deal i have to tell you after watching what adobe had to say in terms of artificial intelligence, figma will be important. ultimately i think this was a blowout quarter i haven't seen since adobe made the switch to description. yes, it does matter, and i don't know if figma is going to be stillborn. it's a very big acquisition. i like adobe as a tell of what happens after earnings versus oracle i'm very concerned about the market here, carl. i have to tell you, mr. wilson may be right for the short term in his negativity. >> really? >> yes. >> really? >> yes i think things are stretched i'm with wilson. voting for wilson like in the 1912 election. i do think what's happened here is he may have the

rally or can and abdobe surging this year adobe offering fire fly to large business companies and oracleping 2%, hovering near all-time highs. the software company building a.i. into its core offering with analysts expecting continued integration into its application suites dan, you were talking about this on the call today. >> interesting both these companies report next week and i think they're going to be in focus in the market right now where we were, you know, focused on the trillion dollar sort of names and how they're kind of leveraging, at least some of the themes in this little bit of a bubble right here and adobe is interesting on may 22nd, they talked about some of their offering and generative a.i., how they're going to be working through a lot of their offerings, and the stock just went parabollic, just look at the stock. and on a day like today -- listen, this is all great news they should -- they have been working on -- that's kind of my point, like, this stuff is all near the press release is a thing that actually causes investors to say, oh, this stock is much cheaper th

. >>> coming up, we're watching adobe. shares on the move after reporting results. details from the quarter next. >>> and driving into lyft. the company's annual meeting wrapping up almost as quickly as it started got all the details when "fast money" returns ♪♪ at morgan stanley, old school hard work meets bold new thinking. ♪♪ at 87 years old, we still see the world with the wonder of new eyes, helping you discover untapped possibilities and relentlessly working with you to make them real. old school grit. new world ideas. morgan stanley. ready to take your business to the next level? scale it with the commerce platform, made for entrepreneurs. shopify is specially designed to help you grow your business. with easy, customizable themes that let you build your brand. marketing tools that get your products out there. yeah, way out there. shipping solutions that actually save you time. and that's just the beginning. from start ups to scale ups. online, in person and on the go. shopify, your all in one commerce platform. >>> welcome back to "fast money. earnings alert

ed: we're just showing the shares of adobe come up 1.6%. your session highs. when you get a headline like this, sometimes the stocks reacted negatively. is that the situation we are in now? how serious this -- how serious is this development? >> it is too early to know whether it is serious or not. these things will always get some scrutiny. doj and the u.s. and potentially facing scrutiny in europe. we will see what the cme finds and whether or not it will be serious or not. these of the stages these things have to go through, and the cme and the consumers in the u.k. rely on the cme to do to, to make sure consumers are getting a good deal. ed: bloomberg's katharine gemmel l in london. how often is this happening, the u.s., u.k., you trifecta? the ceo of inflection ai will join us to talk about the $1 billion fund raise from reid hoffman, bill gates, and nvidia. this is "bloomberg technology." ♪ (sirens) [due at target in 5!] copy that. make a hard left down the alley. network's got you covered. [please confirm requesting back-up.] -changing route. -go. roadb

adobe beating second quarter profits and revenue expectations were helped -- it's mind blowing what adobepart of the conversation that everybody has associated with this is this going to replace human ingenuity or is it going to augment human ingenuity i think it's going to make people so much more productive and bring so many more marketing folks and smaller media businesses into the fold in terms of we have this eavecrti idea and now we can use the tools even more easily to create it (vo) while you may not be a pediatric surgeon volunteering your topiary talents at a children's hospital — your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you give back. so you can live your life. that's life well planned. rich, velvety coffee. café quality espresso. one high-pressure system that can do both. brew to your heart's desire with the l'or barista system. a masterpiece in taste. >>> top tech firms are in talk with journalism publishers about using news contents to help training artificial intelligence models google, microsoft, chat an

but even there, adobe contributors say this type of usage was never explicit in their agreement.nternet, people are already trying to break glaze and get around it. i am under no impression that it will last for ever and protect against every form of attack, but we are hopeful that it will buy artists some time and in the meantime, i'm hopeful that glaze will not be the only tool of its kind. for karla, that's the point — to buy artists time for regulation and the public to catch up. when peoplejump in on these and say "oh, this is, wow!", we need to recognise that it is "wow" because of the work that is taken, and all of that work was taken without their consent to use, to train these models so that they can generate that stuff that makes people go "wow". ai art is likely here to stay — so pressure from regulators, input from artists and an informed public will be crucial to make sure these revolutionary tools are built alongside the people who helped make them possible. that was ben, and this is this week's tech news. microsoft will have to pay $20 million to us federal regulat

you own adobe? >> and i also own crowdstrike. >> what did i say? >> you said adobe. crowdstrike, it has been a disappointment relative to palo alto. names have outperformed crowdstrike. and the thesis which i've communicated and i know josh has as well, is about market share capture. and we really have not seen that just yet you did have a technical breakout the last three weeks in this name. it is sustaining to a certain september that technical breakout it is not really accelerating very significantly they are going to be a player in ai but so is palo alto and so is fort net fort net has the best balance sheet of the three >> and it also has good product set. they are gaining share on the enterprise and cto consolidates vendors and that is why palo alto a fortinet are doing so well they can offer a lot more now. and so 350% of total revenue growth it is impressive >> you talk abou mentioned how microsoft will get bigger in cybersecurity software palo alto is more of a hardware company but also building their software offering. so i have owned crowdstrike very tacti

adobe on its earnings call made the case to, quote, lead a new era of generative ai today it's already huge gains of 50% this year. there is, guys, however, a huge caveat the group, much like the original seven, largely still unproven in terms of actually monetizing the hype. aside from nvidia none of these companies boosted by the promise of this platform shift are clearly backing it up with hard revenue and profit except for nvidia, of course. there's always the chance a number of them fizzle and take the broader market with them so whether you want to look at seven names or 14, guys, it's tech leading the market still and on the promise of this generative ai shift. >> there's so much focus, dee, on the addition of market cap thanks to that ai hype, and i think not a lot of focus on who loses the market cap because of the ai hype. on oracle's call we heard them talk about customers continues to spend on ai but being more rational in their spend, cutting back in other areas. do you get a sense of sacrificing on in order to spend on ai? >> we talk about the winners but what about the l

they have adobe stock.rast with the other ones out there crawling the web, they have watermarks on them. adobe is like, we have the rights to this stuff. >> oh. so they don't think there is going to be any liability issues. >> failing to resolve a dispute with taiwan's company. they failed to honor an agreement to invest up to $750 million and accusing them of fraudulent content it ends with a whimper for this start-up that had big hopes, big ambitions. >> yeah. at the same time as lucid is doing this deal withes a ton martin where aston is getting access to their technology and lucid is getting some aston martin stock, they may be able to stay alive selling technology versus cars. >>> ford motor confirming it's cutting engineering jobs in the u.s. and canada, while robin hood is cutting 7% of full-time employees as it struggles with declining customer engagement. >> want to keep mentioning this. and a new perk this is my favorite story of the day. companies are offering time off to do grandparents cisco of

the nasdaq is up 159 points let's see what's leading it here you have broadcom, airbnb, intel , adobe systems, palo alto networks and remember, we should point out the stock of nasdaq, we're talking about the exchange operator ndaq is floundering this hour down 11.7% and nearing a one-year low. one-year low be $48.06 we're at 51 and change after making the biggest acquisition in history. the stock dropping on fears that nasdaq perhaps maybe over paying , for financial software firm adenza, the price $10.5 billion in cash and stock, which works out to about 31 times estimated ebitdar, or earnings before interest, taxes , you know, depreciation, amortization, this year. it is owned by private equity outfit toma bravo which gets 14.9% of the nasdaq outstanding shares as part of this deal. investors don't love it at the moment but nasdaq ceo adena friedman is steadfast in her mission to broaden nasdaq well-beyond an ipo listing operation. regardless, s&p ratings firm downgrading nasdaq, inc. to triple b. the agency says nasdaq's plan to raise close to $6 billion of new debt to fund this p

it used to take weeks for you to do something that maybe takes seconds using adobe firefly.nd by the way, again, nvidia called out the firefly as being an amazing product totally gets it. a lot of people felt they, too, would be hurt. >> they did. they thought, also, they questioned whether all the images would be able to be created not out of wherever you want them. you don't need adobe to do it. >> well, but what's great is that let's say you're not a coder. you can just say, i want the background to be blue, and i want those bar mitzvah cookies to be made into wedding shower cookies. done or, you know, it could be wedding shower into baby shower. i'm not really trying to be -- i can be as ecumenical as you want >> i appreciate that so do our viewers. >> not a surprise that norion, big "ft" piece today warning regulators, don't stifle what we've got doing going here >> he's so great look, we don't know where it stops. we do know, can the bad guys get it can thrush get it? thrush can get it easily >> he's also trying to get his deal done. still got to get that through regul

kerman is located in the alleys of adobe houses the old one stands out here, the electricity is safe, to its old age and wear and tear, they have created problems for the residents, and they have to borrow something from kimia, which is in the form of 19 incentive packages from the ministry of roads and urban development for the reconstruction and renovation of houses located in old neighborhoods in pervaneh was considered in the construction of these neighborhoods, the goal of re-creating the existence in kerman province in 2017 of the area of ​​40 cities includes the old context, only in kerman city, more than 10% of the people live in this place , an issue that can be appreciated in times of crises. and john bari, who we have a problem with in addition, if there is a problem for us in the renovation plan of old houses, the issuance of permits and permits for easy density has been taken, there is a special knot-breaker in the issuance of permits , because these are below the quorum of the separation of the provinces , no action will be taken , but a resolution is possible. you are p

do you have an opinion on adobe?ren: of photoshop and ai, creative professionals are using adobe's product like photoshop because of their ai capabilities. 2. 5% reported earnings better-than-expected race for the year. stuart: what is with i robot? lauren: amazon is trying to purchase them. the uk cleared this deal, stock is up 20%. %. it does not lead to competition concerns, the eu rules july 26th. charles: they mapped out your entire house, have a map of everything on the outside. now they have everything on the inside. this is a robot that maps your entire house, entire footprint of your house. this is what people are concerned about, privacy issues. a company that will know everything about you. how you up in the outside of your house, every single, inside your house, it could be very dangerous. i'm not against it but that is why it was being helped out. stuart: that is very original. congratulations. you must have gone to a charter school. charles: that's why the progressives hate them. stuart: got to get this

adobe up there, better plat platforms. airbnb. names window moving up on the nasdaq.easury yield now at 376. the price of told not doing much recently. 1939 an ounce. bitcoin has been moving, now above 25000. oil, not much movement. gas not much movement. 2.50 gasoline, not much movement. 350 virtually unchanged in the past week. california, average price. gallon of regular is 4.86. coming up, trump lane biden for ending our energy independence. >> when i took this country over, it was broken and we created machine, we were energy independent. it was all done. getting ready to drill and biden ended. stuart: the governor of south dakota agrees with that and her state desperately needs workers. she's going to be here to tell you how to send workers to california. tough questions on the hills this morning. house financial services committee will ask some questions. does she think to more rate hikes are justified? i'll ask him. he's next. ♪ the markets 11 minutes into the session, a little selling, though 130. coming up with the top of the hour, jay powell will testify on

accenture government ai staff to 80000 employees, the next bellwether we are going to get be with adobering about their product to see if it has an effect on earnings. stuart: are you allowed to name what you think are the leading ai stocks, are you allowed to do that? >> absolutely. the only real hard money indicator we have of ai so far was nvidia, the largest race we've ever seen so adobe started an image generation product, artificial intelligence, they gave it for free and they will start charging for it so we'll see their guidance for that. if it's explosive, that's next. asm l is a component maker for nvidia and they should have a similar raise that saw so if these trends continue, we could see a situation for the economy continues to deteriorate but the largest players in the stock market, the ones that driving overall indices could have spectacular performance so you have the economy in one direction and stock market in another because the economy is not the stock market will stock market is not the economy so it could be a great situation for investors even though others might

and then it is a much, it would be a, you know, a higher amount that the 5 last speech adobe, those actually getting it just like some money to the beginning. because i was getting it right. we leave it there for the time being. but thank you so much for joining us today. dr. back and bustle of the and that does it for the week read. even though with images of either celebrations from across the world and most things on marketing ease of use of the sacrifice. but most of them salt a sheet, i'm happy to share the meet with the floor and get that press 3, be back next monday. we'll see you then to by the enjoying the views and come to take a look at this. our tv highlights me every week. email inbox, subscribe now to become a criminal. are you going to ready to take told me about sugars paralyze between your societies, computers and governments that go crazy for your data. let me explain how these technologies work. so that's how they can also watch it. now the, the energy costs are largely down the price of food and drinks is still elevate inflation into yours on ease, somewhat this month. bu

it boosted the outlook for the year shares of adobe has risen sharply with the buzz of a.i.tocks the company is well positioned to lead the era of generative a.i. the ceo told cnbc that he is confident about the opportunities the new technology will bring >> a lot of the conversation everybody has with this -- is this replacing humans or augment? i think it will make people more productive it will bring so many more marketing folks or smaller or medium businesses in the fold in terms of saying we have the creative idea and use the tools more easily to create it >> if you are anything like me, this next story is going to make you hungry >>> a disclaimer shares of immemediterranean sty restaurant cava stock closed at $43.78 up from $22. cava closing price gives it a market value of $5 billion making it the top performing ipo this year. the ceo spoke to our u.s. colleagues about how they priced it >> it is our journey and investor partners and board as a private company thinking long term we want to build it for the next ten years, not the next ten months we are trying to build

we start with adobe, up or down.auren: they are graced to outperform, the stock going up $570, the reason is simple, artificial intelligence, but professionals are more likely to pay for artificial intelligence in adobe products but freelancers and students who use their products, more than half are willing to pay for it so it is a win/when, they upgrade the price target of 570. stuart: where is uber? nice rally recently. lauren: still higher but uber is expected to benefit from another stellar travel season this summer. that's from oppenheimer. they say who does the airport trips? more people flying, tsa checkpoint numbers show 2019 levels but also uber, when you are on vacation, wins both ways. stuart: winnebago. lauren: it was down 8%. it was down 8%. rv maker, the stock is down 5 days in a row, their sales up 38%, huge discounts to juice demand. the pandemic boom has faded. lauren: thanks very much indeed. for the first time ever, former special counsel john durham is testifying in an open house judiciary committ

of adobe up 2%.ading target to buy. shares are likely to fall further showing a give back situation. shares down 1%. >>> coming up, the one word that every investor needs to know today and patrick fruzzetti tells us one stock bubbling up his spirits. >>> and cnbc is sharing stories of corporate leaders with you on pride month. here is our latest >> we know so much attack and hate is in the community happening in lots of places. grindr going public in november speaks to positive things of the we are celebrated on wall street and going public and the support since going public is fantastic. here is the company built by gay people for gay people where the ceo is gay and married with children grindr board has nine members in total. six of whom are gay or lesbian or trans speaks to the testament of the company want more from your vitamins? get more with nature's bounty. from the first-ever triple action sleep supplement... to daily digestive support... to more wellness solutions every day. get more with n

point, if you put them part of leslie you purchased, it should be honest with you, um, livable from adobe. it's not winter, i was just gonna let the logic of 93000 e, which has a book beloved. now how do these just to what was in the mind that it was simple as was the one that e, but the right, there's a whole lot, the sure you're not the sure which that's should all from weis region which, which is just for yourself. what is the set by the most efficient drawn and she's to otherwise we took the years, which is the phone number. sure. no matter what else, not on him, but i really should all just press employees that are very much for me. and as for the show me the thing that way i choose that all names cuz i actually have to pay then people does that. she doesn't like that on the, to me a much as one music scene, which is what i think. ringback ringback ringback the last the minimum wage is the quote was much less than the actual total weight you cost as of which leads there's opportunities to this which is the forty's the slain. since you're the, you're the new york, you have a lose do s

in the pa, from best mode ukrainian attacks have also been reported individually kind of with the adobe. he's in the south. some reports suggest limited gains, but ukraine in unit select this column of bradley's trying to piece russian defensive several lines deep. and it is already clear that any success will come at a steep price. security on a list of domains, the less likely i'm also told us more about ukraine's count offensive to what i mean from the information that we have which is very patchy. it is its coming sort of p of i to there are at least the areas where the ukrainians are, are sending their forces in grades and number starts in the area. is that for each or to the size of or the issue? uh then uh, also in the areas around the car, no, no see car which is uh to the west in the western fringes. so they don't yes. well last on also in the areas around where they have be not part of the some, some important advances. so for at least at 1.4 kilometers and the fighting around um, uh, in the areas are in the western parts of this up. what is your uh, are very intense. uh, it i

with using its position in dwron line advertising to minimize "i" rivals you're also looking at the adobehow should you view your broader view >> well, i think the positive for investors is, of course, what we're strieshing for is a level playing field and open marketplace where market power is contestable and others can stand up and find their commerce for the kboolg case, this is a preliminary view, but there is an inherent conflict of interest because google is at the sale side, they're at the buy side, they're at the markets when it comes to the stack, and it's difficult to see if our case is proven how that can be solved without actually selling out -- selling off either one part of the conflict of interest or the other parts of the sale side and the buy side. >> as that case continues to move forward, i know you said you're about fairness and balancing out the playing field, but can you see companies forced to sell parts of their businesses is that the direction you believe you'll continue to go in >> it's an extraordinary move on our side we, of course, have the on gage to enforce

in the pa, from back mode ukrainian attacks have also been reported individually kind of a 0 cock adobe. he's in the south. some reports suggest limited gains, but ukraine in units like this column of bradley's are trying to piece russian defensive several lines deep. and it is already clear that any success will come at a steep price. for the military intelligence office, a frank language told us what he makes of presidents and i ask is comments on ukraine's counter offensive? what we've seen over the last 17 or 18 months that the crating leadership and the government as a whole is, is chronically cagey about these things. it's reluctant to talk about its successes even uh or it's setbacks. but of course, as people in key of thrive, you cravin, such as ourselves, took about little else, then the contract 5 unsafe and it's very clear from a number of sources. ok, 21. that it's now the way it has been actually for several days. so in the sense presence that i've skipped was simply confirming the audience. notwithstanding his comments about social media and so forth, which of course is co

switch and apart from best mode ukrainian attacks have also been reported individually kind of with the adobe here in the south. some reports suggest limited gains, but you crane in unit select this column of bradley's are trying to piece russian defensive several lines deep. and it is already clear that any success will come at a steep price. and we can discuss this with former military intelligence office of frank and language, who joins us from oxford, the franco. so good to have you with us up after months of anticipation and speculation, presidents and landscape is now offered the strongest confirmation, yet that to the ukraine. and count to offensive has indeed begun. why has he chosen to speak about it now? and what do you make of the way he told the world? well, good morning monica. what we've seen over the last 17 or 18 months that the crating leadership and the government as a whole is, is chronically taiji about these things. it's reluctant to talk about its successes even uh, or it sort setbacks. but of course, as people in key of throughout you crated such as ourselves, talk abou

adobe was off the radar. we think there are other names on the list.have thecues up 35% year to date, everyone is in, our tech traders said this morning in terms of prime brokerage overweights on tech are screening kind of record year highs. so everyone is there and that's the concern we have in the short term is that can this continue. microsoft last night put out a video from their cfo saying hey, be braced. look this isn't going to be cheap. so i think we're getting set up for revenue is going to be good, but, pens a-- but expenses are going to be high in the a.i. wave, require capex, it's not going to be cheap. just be braced and again most of the revenue still has yet to hit for software it will happen in the back half of this year into '24. short testimony, i think there's a little bit of concern from our desk that this may be a little bit overhyped. no one wants to give up over the next two years everyone is long similar to what happened in the internet wave, the cloud wave, no reason to get super cute with this you still want to be exposed to t

has only been trained on images from its stock library, but even that adobe contribute to say this typenever explicit in their agreement. in the meantime, the internet being the internet, people are already trying to break glaze and get around it. i already trying to break glaze and get around it.— already trying to break glaze and get around it. i am under no impression _ and get around it. i am under no impression that _ and get around it. i am under no impression that it - and get around it. i am under no impression that it will - and get around it. i am under no impression that it will last| no impression that it will last for and against every form of attack but we are hopeful that it will buy artists sometime and in the meantime, i'm hopeful that glaze will not be the only tool of its kind. for colour, that is the point to buy artists time and for the public to catch up. when people jump public to catch up. when people jump in on these and say oh, wow, we need to recognise it is wow, we need to recognise it is wow because of the work that is taken, and all of that work was taken,

but even there, adobe contributors say this type of usage was never explicit in their agreement.d get around it. i am under no impression that it will last for ever and protect against every form of attack, but we are hopeful that it will buy artists some time and in the meantime, i'm hopeful that glaze will not be the only tool of its kind. for karla, that's the point — to buy artists time for regulation and the public to catch up. when peoplejump in on these and say "oh, this is, wow!", we need to recognise that it is "wow" because of the work that is taken, and all of that work was taken without their consent to use, to train these models so that they can generate that stuff that makes people go "wow". ai art is likely here to stay — so pressure from regulators, input from artists and an informed public will be crucial to make sure these revolutionary tools are built alongside the people who helped make them possible. that was ben, and this is this week's tech news. microsoft will have to pay $20 million to us federal regulators after it was found the company illegally collect

. >> thank you so much have a greatly weekend we will see you soon sir, thank you morning mover adobemarket beat expectations second-quarter profits photo shot reporting growing expect that for a.i. features introduced in the apple pot express photo shop adobe to offer firefly artificial intelligence trool for generating images with large customers up 450% year-to-date tacking on another 5% right now we take a break when we come back another response from biden after being about it can big guy florida congressman greg steube is here to away in on that, with us. . ♪ ♪ ♪ you got a minute? how about all weekend? let's go. ahora! i'm a miami hotel. i'm looking for someone who loves art deco elegance, good times, and unexpected flavors. someone who likes it hot but knows how to keep their cool. a white-sand beach where you can see the sunrise? way better than whatever you were going to binge-watch this weekend. and you could be here in half the time. find me at hotels.com i got into debt in college, and no matter how much i paid, it followed me everywhere. so i consolidated it into a low-r