[applause] jared bernstein: thank you. i do not remember that back and forth. have to go back and read it. i first of all would like to associate myself with mike's introductory comments. i thought they were spot on and it sounds like realecon is exactly what we need right now. so i personally would have called it inflation-adjusted econ, but i like where you landed. again, thank you to see you to the cfr for inviting me to speak. i would like to share a few thoughts about how we and the biden administration think about international economic leadership. the cfr has done some of the most thoughtful work in this space. i think one of the most valuable and consistent attributes of your work as i read it, and i have done so for decades, is no matter how deep you go into the policy reads, questions around international leadership pervade the work so i am pleased to be in your company at this sensitive time in political economics when different approaches to leadership are on offer. a leadership agenda stems from the values of the present. it has been my privilege t

it's interesting to me on the bernstein upgrade. lolgts cal the valuation is lower than it was. people have not really expecting much fundamentally out of it it feels like it's fine, and tesla bouncing today, the other ones are backing off today so it makes some kind of sense i don't know if it really makes too much of a thing about an earnings later in part of the week it's not that much of a business bellwether, you know it's its own thing >>> tesla best day in more than three years. >> he does you'll hear from him shortly explaining what it -- and it's all about the potential for future revenue growth, especially as it does offer full self-driving technology in china. this deal expands the driver technology ability within china. , remember, it's not fully autonomous, just full self-driving sources also tell us that baidu will provide the mapping data. regardless, it's unclear when tesla might be able to tap into -- and morgan stanley likes this he write -- whether he's sleeping on a floor or the plane, a message is clear. he's ba

maestra's film told about the suffering of the wife of the great leonard bernstein from cancer, franklyy been made about tchaikovsky, mainly as... of course, with that side, but the director, screenwriter bradley cooper, who also played the main role, was nominated for an oscar for all three of his roles, did not receive anything, frankly speaking, completely deservedly, but the fact is that when the director of a film puts the most gorgeous the twitchy urban overture to the film "the westside story", clearly written perfectly for the concrete jungle of a big city, superimposes it on the green lawn of the bernstein estate with a swimming pool and green bushes, it is clear that only a person with a complete lack of musical ability could do this taste, cooper apparently doesn’t have it, as far as our opinion is concerned, they are unpleasant to... and especially aggravated by the fact that conductor koussevitzky served for 11 years as a double bassist in the orchestra of the bolshoi theater, the same conductor koussevitzky who... to mass taste, it was difficult to expect that this movie c

jared bernstein, chair of the council of economic advisers, good to see you today.ou find the first quarter personal consumption grew at 2.5%, non-defense government spending grew at 0. 3% but if you look at the fourth quarter, non-defense government spending grew 4. 8%. 's government spending, was that driving the gdp? is there a correlation there? >> it is certainly in the mix, one of the components but the rate is much lower than consumer spending, consumer spending is 70% from nominal gdp. add investment and your north of 80%. if you look at the first-quarter results, consumer spinning reel and investment together grew at a 3% annualized rate and think of it as almost accord gdp measures something that takes out the more volatile inventories are net exports or government accounts which can balance out the dow and that is why we think the underlying growth is steady, solid and strong like you heard from esther george. edward: you are okay with this gdp report? >> i think this gdp report especially once you got under the hood, you take out some of those more volat

distaste for this picture is deepened not only by the bad dialogues, but also by the fact that bernstein’sist russia he was forced to earn money as an axman on long-distance trains to moscow and back. having reached moscow, he immediately changed to an oncoming train and never saw the city, because jews were not allowed to live there. great and interesting discoveries about the life of jews in the russian empire. especially aggravated by the fact that conductor koussevitzky served as a double bassist in the orchestra of the bolshoi theater for 11 years, the same conductor koussevitzky, who could not come to moscow due to the fact that due to the fact that anti-semites did not allow him there, the screenwriter himself cooper could not help but know this, and the fact that he is trying in this way to make amends for american anti-semitism with tales about russian anti-semitism, says that he is about... a pig, and a person should not discuss this directly, let's say, but the film anatomy of a fall told about the investigation of the fall from the roof of a quarrelsome husband and the accusati

jared bernstein, thank you. thank you. >>> still to come, if you're worried about a.i. going after your job, you should also worry about states using it to go after your taxes. the details are next. >>> and later, fed chair jay powell warning cuts could come later than expected. the question for investors is will they come at all? we'll discuss that. "squawk box" will be right back. >> announc: meoworerti n f today's aflac trivia question. what year did boeing become a publicly traded company? the answer when "squawk box" returns. good thing i had aflac. hmmm the cash i got from aflac helped pay for medical expenses, groceries, rent. it really helped close that gap. go, go, go! yay! go aflac! go duck! get help with expenses health insurance doesn't cover at aflac.com wish we had aflac on our team. you can! ( ♪♪ ) ♪(voya)♪ there are some things that work better together. like your workplace benefits and retirement savings. voya helps you choose the right amounts without over or under investing. so you can feel co

we start with bernstein upgrading apple. moving it to out perform bernstein says the tailwinds and artificial intelligence sets up apple for the strong iphone 16 cy cycle. shares up 1.75%. >>> and jeffreies is downgrading southwest. shares of southwest down 2.5%. >>> barclays upgrading at&t rating to overweight barclays citing a mismatch with the execution for the move shares up 1.5%. >>> time for the global briefing japanese yen moving to $155 per dollar this shows a government intervention the stock lost negligencative v. >>> and l 'occitane is looking for a buyout deal. >>> blackstone acquires hipgnosis. it previously invested in performance rights with the portfolio including bob dylan and adele. >>> coming up on "worldwide exchange," one word every investor needs to know today and our next guest doesn't waiver on the bullish view for stocks. we'll be right back after this break. meets bold new thinking. to help you see untapped possibilities and relentlessly work with you to make them real. >>> welcome back to "worldwid

what we just heard in joining us as legendary reporter bestselling author carl bernstein as well. carl i'm looking for the right yiddish word to try and character. i start with we've just what we've just heard. >> i think even by washington standards in the age of trump we've just seen bill barr engaging in a kind of craven hypocrisy that is emblematic of him despite his quiet tones and of a huge, huge problem which is republican leaders who understand the horror, danger of donald trump and refuse been there to witness it. listen to what he said. he saw the sedition that he called out barr did look at him calling trump before a brazen criminal and to get up and say, that donald trump should be the next president of the united states. it's astonishing it's it's a kind of hypocrisy attorney general dedicated to the rule of law. and then he talks about how trump has no dedication to the rule of law i say, first of all, it's a great interview is so revealing and that's not stated. bar doesn't that doesn't score some points in it. what it is a defining document of where we are and that

i believe woodward and bernstein for that. making everyone a movie star. bernstein was old-school in that way.y. i'll take that more of a competent question. we have time for couple more. >> sued institutions aresuit ine interested in the pursuit of truth tend to be at nonprofits like universities, think tanks? should newspapers be nonprofits? >> we are but not intentionally. [laughter] that is a good question. anyone want to take that? >> i thought about how these things could actually work better. audience capture was already discussed. may be there does have to be some type of government intervention. that seems like that would rage at large swaths of the country pbs is no longer trusted by a lot of the country. it is considered to be associated with one party in the binary government were to be invested in the paper of records that would ease tensions. it seems to me and i work at the atlantican. it seems like you need malevolent oligarchs. [laughter] too hopefully of the public's interest at part. and it relieve you of the need to cater to an audience

bernstein, i'm one of the people who thinks that it was a good idea to bring this case and that it is an important case because what is coming out in the evidence, especially through david pecker in my view, just from seeing what's coming out is this was really about trying to influence an election. just like the other cases. >> more cases fit together. that's they fit together and finding election undermining the election only. this is the one he actually succeeded. i'm reminded that he won this election in 2016 in three swing states by eight he thousand votes. >> and you think storm that not the fact that a multibillionair e named donald trump, who everyone knows about all the women he's been within marla maples and this and that if he came out, he fooled around with stormy daniels, that would exchange the election. he thought so just protecting, not that it was going to swing the election. >> if this is 2015, he didn't even think it was going to be present in united states. trust me, i knew people around them. >> nobody was spoke to rudy giuliani the day after, but nobody was surpr

for more, i want to bring in veteran journalist carl bernstein. he's also the author of chasing history. he kid in the newsroom, carl. what's your takeaway from? what happened at the supreme court today? yet another hugely important case before them. >> i wouldn't overestimate the importance of this case it affects perhaps several hundred of those who were arrested. i think we need to look at january 6 as a moment in our history in which an incumbent president of the united states attempted to undermine are very democracy and to encourage this insurrection. and to encourage and impede the free election of the president of the united states and the president of the united states duly elected, taking office. that's what all of these cases and even the case in new york is about a criminal president donald trump before he's president trying to undermine the electoral system, the courts basically is what we're just the official proceeding part. they're saying that this may not even count as a criminal charge. >> this is one part of charges against a gr

bernstein: that is your ticket to power.lie kushner gave over half a million dollars to mcgreevey's campaign efforts. there is a word that can help you out with many ethical issues when it comes to money. that word is "no." kushner didn't just open his pocketbook for jim mcgreevey. charlie would fund educational trips to israel, like the trip where mcgreevey met the man for whom he risked everything. -you went to israel on a trip. -yep. and then rishon letzion-- you met golan cipel. yes. i'm traveling throughout israel, and this young person is sitting across from me, and he begins to dissect my campaign. he knows your race. he knows the race as well as i do with arguably better insights. and he's good-looking and he's articulate. was it an instant attraction? yeah. tapper: and then he joined you when you-- mcgreevey: well, he-- he corresponded during the course of the campaign. this is not an intellectual decision. this is not a head decision. this is a heart decision. -but he-- -meanwhile, you married dina... -yeah. -...in

the building will fail, beethoven, symphony it was part of the soundtrack, us, conductor leonard bernstein, performed the 9th, and both the east and west pots of the city, instead of joy. the choir sang freedom. literally, scholars believe that this may have been sheila's original formulation. man the this message of freedom and hope is one that moves people all over the world. the, all the task that i have and such as has not yet been fulfilled yet any foot installed . but i believe that all of and especially autism, have a great responsibility to relentlessly step by step, continue along this part of the business. so as i can the of these in vic email either life again another message. we are not alone. base have an impose all those who fight against tyranny. it gives us strength and the power to persevere onto the next. we must now fight to the next generations to be able to give them a bank to weld. and that is what base of unwanted with his symphony at its core, the 9th is a cold to peace and freedom that people stand together against oppression but hopefully fully understood base hov

i was thinking for those of you that were here last night and you heard woodward and bernstein. carl bernstein made a comment that public opinion changed when people were finally able to hear richard nixon's tapes. think about what would happen today if those tapes were released. fake news. this is a.i. manipulated audio. that wasn't me. you know what? a lot of people would be like, yeah. i don't know that i can believe that. that's the world we live in. yeah, i was supposed to talk about redemption. i don't know i have the redemption yet. if there is redemption to be had it is in the promise and the growth which so many people here in this session, you heard it in the first panel, have the promise of local news. local news is -- there is no silver bullet to all these problems. if there is any salvation to be had, it is in local news and the growth of local news, people of the community, in the community, communing with the people who are their neighbors, providing them the information that they need, listening to them, and building that trust. we know that leads to civic engage

bernstein upgrades its rating. an unchanged price target of $195. analysts say trying weakness is more cyclical than structural. the redstone family and skydance have offered concessions to make changes in control more appealing to investors. you have paramount global up 3.6% on the day. and this week is the big fed decision where traders will look for any sense of guidance from the fed on the direction of rate cuts. this is what bloomberg guests are saying. >> if things are slowing down enough, then yes. >> we are focused on other things. whether they cut in september or november or december is not important. we are willing to trade rate cuts for earnings growth. >> the market has already started taking rates off the table. >> janet yellen has a difficult time sticking with a hawkish tone. i would not be surprised if in the q&a, they turned a little dovish. >> base case, the inflation data will soften and there may ease some restoration of the confidence. he won't be able to communicate that. a fairly hawkish press conference. >> today's big take,

bernstein says that if a tiktok ban does happen, a potential $16 billion in 2025 ad revenue could be up for grabs. and that meta would be a big winner from a potential tiktok ban, because it has the highest overlap in tiktok creators. and with americans spending more time on tiktok than any other social platform, in addition to the benefit to meta, youtube and also snap could also see a boost in terms of user engagement, as well as ad revenue. bernstein projecting that if tiktok is banned, snap's revenue would grow 37% next year, versus 14% with no ban. youtube would grow 23%, ten percentage points higher than without a ban. meta would grow 18% rather than 13%. so, courtney, some really strong projections here about how all these other players would benefit, but this is still quite a ways off. >> yeah, absolutely. i understand this could actually take years before it really went into place. julia, thank you so much for the update on that. i mean, dan, that's interesting, $16 billion in ad revenue potentially up for grabs. >> here's the flip side of that. this is something you track c

he has been on the right side of tesla now for a couple of years at bernstein, they don't care aboutestment banking business tony is a great analyst. i like him getting in front of it i don't think there's any catalyst that's going to come out on the call. i don't think there's anything about their china business, some expectations, iphone is down 19% year over year, so, the fact you have that whisper number out there, that's pretty good. i would be surprised if it's down more than that, but the point about generative a.i., what they come up with, there's been lots of reports they're talking about to openai, to license that, whatever they do will be on the phone coming out in september, october, november. i don't know if that's much of a catalyst right now i would love to see this company kind of derisk from a guidance standpoint right now maybe they give cautious guidance for the balance of the year you know you will get some announcements, whether they're positively received or not is another story. i think the stock is kind of expensive. if you think about this, earnings growth at

andrea bernstein, jeremy saland, it is great to see you both. you. >>> coming up, they call themselves the team and they have speaker mike johnson in a very uncomfortable place. that is coming up next. the promise of this nation should extend to all from new york to new mexico, from alaska to alabama. but right now, people like you are losing their freedoms. some in power are suppressing voting rights. banning our kids books from libraries and attacking our right to make private health care decisions. we must act now to defend these freedoms and protect our democracy. and we can't do it without you. we are the american civil liberties union, and we're asking you to join us in protecting our democracy at the national level and in communities like yours. call or go online to myaclu.org to become a guardian of liberty today. your gift of just $19 a month. only $0.63 a day will help ensure that together we can continue to fight for the freedoms of all americans, no matter your zip code. if you also believe in the right to vote, the right to free spe

the old man answered this bernstein, the goal is nothing, the movement is everything, yes, yes, yes,es, in fact, the last few days have given us, as it seems to me, the first such reinforced concrete evidence during a special military operation... that, not only that, the americans are involved in combat control and planning the actions of militants kiev regime, so they also decided to run around on earth, to fight, amazing for me, in fact it was a story, because why it’s categorically incomprehensible, well, i have one version, but in order to somewhat cement the moral and psychological state. detachments of special forces of the main intelligence department, the ministry of defense, everything turned out quite the opposite, what i’m talking about, yes, the americans took part in attacks on the belgorod region, they walked straight, they shot, they died there as a result of the actions of our fighters, the life time of the americans, i don’t even i know what to call them, are they mercenaries, or are they guys like that? from the kharkov region and, accordingly, their analyzed toget

carl bernstein, it's always great to have you on. thanks so much >> be with you >> still ahead counting down to a coast-to-coast total eclipse, are going to indiana and vermont, two other places that will get the best view with all the excitement during the cnn newsroom >> space shuttle columbia, the final flight premieres tonight at nine on cnn >> what are you doing? >> sound effects >> why are you doing that >> why aren't you? i care is health care. you deserve america's vast. >> it's better outside with ninja cook outs, with master grills, char barbecue slogan, air fry. weekends are better with life cpu coolers that keep ice with dates average temperature drawers for dry foods, because everything is better without saudi sandwiches. it's better outside with ninja. >> there's nothing better than a subway service foot-long, except when you add on all new foot-long sidekick, like the filling, what a new $2 footlong churros. sometimes the sidekick is the main event. >> you would >> say that every effort foot-long the perfect sidekick.

. >> professor bernstein says while the state average is 5.44 a gallon, there is a committee investigating the prices are so high here in california, especially compared with the rest of the country. meantime, the slowdown in ev sales continues to snowball. according to car search engine iseecars, the average price for used electric vehicle fell by more than 30%. the average price for a gas model slipped by more than 3 and a half percent. kelley blue book says the hottest auto trend for this year, hybrids because they're relatively aff1rdable and they get great gas mileage. our 4 zone forecast as we get a live look our favorite freeway shot. you know, all the freeway shots. we had a lot of cars out there. whether you're hybrid ev or >> you know you you may not want to be on the roads this 'pweekend, right, lawrence? yeah, you may not. i mean, it could be slick out there. you crank up the heat or 2. it >> going to be unusually cold as we set sail into this weekend is. >> well, we've got an unusually cold storm system coming in late this season. so clouds moving in late today. we've seen som

. >> when it comes to mega cap, guys, we talked about apple, that upgrade from bernstein, which veryh worries jim. >> ouch. >> but has the stock up 2.6% and then, meta adding to the losses from last week. of course, the follow-on to what was a very poor reception in terms of at least in the stock market to those plans to spend upwards of perhaps the high-end $40 billion on capex as they continue to build out all their a.i. capabilities. not a follow-through on alphabet, which is down, or microsoft, both of which were up nicely alphabet, more so after reporting strong earnings. but amazon does get a bid, in part on this sort of, well, we'll see what the quarter looks like and is there a possibility that there would be some sort of minor dividend added as alphabet chose to do? >> here, what is the problem with meta slowing user growth engagement with facebook, increased competition with other social media, tiktok, regulatory scrutiny, higher investments in new technology, where do i get that from the site i'm now using. that's from meta meta a.i >> oh. >> how do you like that? you want

maestra's film told the story of the suffering of the wife of the great leonard bernstein from cancerabout tchaikovsky, mainly, of course, from that side. but director and screenwriter bradley cooper, who also played the title role, was nominated for all three. their oscar roles are not received nothing, frankly, let’s say, completely deservedly, the fact is that when the director of the film superimposes the most gorgeous twitchy urban overture to the film site story, clearly written perfectly for the concrete jungle of a big city, he superimposes it on the green lawn of the estate. long-distance editions to moscow and back, having reached moscow, he immediately changed to an oncoming train and never saw the city, because jews were not allowed to live there, great and interesting discoveries about the life of jews in the russian empire, especially aggravated the fact that conductor koussevitzky served as a double bassist in the orchestra of the bolshoi theater for 11 years, the same conductor koussevitzky who could not come. from the roof of a quarrelsome husband and accusations that

completely written for the concrete jungle of a big city, superimposes it on the green lawn of bernstein’sto moscow and back, having reached moscow, he immediately changed to the oncoming train and never saw the city, because jews were not allowed to live there, great and interesting discoveries about the life of jews in the russian empire, and especially aggravated by the fact that the conductor koussevitzky for 11 years he served as a double bassist in the orchestra of the bolshoi theater, the same director kusivitsky, who could not come to moscow due to the fact that due to the fact that his... quarrelsome husband and accusations that he had fallen wives, long movie, can't say that somewhat interesting, but nevertheless received an oscar for the screenplay. today the main american agenda is based on the fact that all men are scoundrels, if women threw them off the roofs, then that’s where they belong. and the barbie film, of course, was an indulgence to mass taste, it was difficult to expect that this movie comic would receive at least anything at the oscars, it received an oscar for be

bernstein reiterated the underperform rating and is skeptical about their shift towards autonomy and robo taxi. ubs is on the sideline with a neutral rating, saying tesla took the ultimate bear case off the table as there is a new lower-cost product coming. joining us to talk about tesla, tim higgins, with the wall street journal, he literally wrote the book on elon musk and tesla with "power-play." it seems like musk sort of steady the ship in the conference call. >> yes, classic performance by elon musk, showed up to play if you will. giving relief to supporters that he is still in charge and looking to the future. analyst point out there are still concerns about the core business and where things are going. if you are a true believer and a fan of tesla, a fan of the vision for the future from elon musk, a lot to be excited about. >> what about his big fat pay package? >> that was one of the questions top of mind for people yesterday and he was asked about that. he says, on one hand, tesla is on a pathway to creating driverless cars ith or without me, the momentum is here, maybe no

richard bernstein writing in with the survey.e secular pressures of deglobalization. it seems unlikely we will return to secular 2% inflation without the sustained period of growth unemployment seen rising from 3.8% to 4.1% by the end of the year 50% of respondents say the fed cannot hit the inflation target without growth running below potential and a .50% increase of employment rate. how much the economy has to weaken for the fed to hit the 2% inflation target is one of the pressing questions of the central bank maybe we'll have a chat with that with chair powell next week becky. >> steve, this is interesting. you can have your cake and eat it, too. maybe it is not realistic. >> reporter: i think the idea of having to give up the cake or eating or the part of the cake is daunting on forecasters and daunting on the market as we get down to the level where it is harder and harder to push and get to the target. that is the question that raises the issue of the sacrifice ratio. how much does the fed want to give up to get to target

guys >> emily, looking at a bernstein note this morning, will the chinese government relent?will the chinese government reta retaliate? probably will this heard by the supreme court eventually probably they say, buy meta, buy google, cover snap after earnings. what do you think the legal challenge would look like? >> i mean, tiktok could take this a couple of different ways. one thing that lawmakers were very concerned about is that tiktok could come and say, look, this bill targets us and only us and therefore that is illegal under the current law. lawmakers have tried to make sure that the bill was written to be broad enough that it would not just target tiktok, although, of course, tiktok is the main bill that is -- that has raised so many concerns. >> emily, thank you. emily wilkins in d.c., as we continue to await the president signing that bill. we'll keep an eye on the markets here with the s&p 500 down fractionally, the nasdaq up. our live market coverage continues right after this >>> good wednesday morning welcome to money movers. i'm carl quintanilla with leslie pi

now, along comes stacy racked cough at bernstein and he decided to tell it the way it is. first of all, the goal posts keep moving. the margin goals were booted from 2026 to 2030. hence the title of the piece, intel, see you in 2030. then he lowers the boom on this incredible singer. why do they do this to themselves? he goes on, intel story over the last several years has been one that has dashed expectations from outlandishly bullish targets to keep products, leading to eventual abject collapse. holy cow. that is an incredible ending. it took 10 years to get intel into its current position, so how could it take any less time to fix it? i have been very critical of this period and that is why i have told you to buy nvidia or amd instead. but apparently i have been a relative sweetheart versus this truth teller. at least investors now know why they have lost so >>> right now on last call, the secret sauce for job growth, eye-opening new detail revealing the impact on the immigration a surge. >>> a big new announcement on tesla. we've got the new developments. >>> demand th

. >> boeing is in purgatory that's not my words that's what bernstein says that to get to the regulatoryhe latest is 737 max flow by southwest lost its engine cover. passengers and crews saw large piece of metal ripping off one of the plane's engine then striking a wing flap so the strike at the turnaround for emergency landing this is yesterday morning so you had the faa and southwest investigating but the d.o.j. is investigating boeing criminally for the alaska airlines incident with the door plugged. >> not a good word. >> hence the stock imperfect worry. stuart: 182. biden went after terms fundraiser over the weekend he says it was a couple of billionaires looking for a tax cut. jason tried it was at the fundraiser and he'll be on the show to tell us what the event was really like. former obama advisor david axelrod says his messaging on the economy drives him crazy. >> i would not go out there and extolled the miracle of the biden economy. it drives me crazy when he does that. stuart: is obama running the biden campaign? it looks like it. stephen moore all over it. dollar store sale

strong support from solid growth but wouldn't be surprised to see a pickup, the w cio and richard bernstein, advisers, how do you explain today's action in the market? is it a little bit of a reaction to the inflation number last week, maybe to the isn number today and a little bit to the fact that we've had back-to- back excellent quarters and maybe it is time for a little breather, what is it? >> i think everything mike said was spot on. the market is trying to balance the two sides of the growing coin. on one hand, growth is coming in hot and strong and the market likes that and it bodes well for this coming earnings season and earning seasons to come. but as mike also alluded to, you are seeing a lot of stickiness in inflation numbers and in the pc number we got last week and the report we got this morning and remember that inflation lags growth. and so if the growth numbers continue to come in hot and you continue to see that due to inflation, at some point you do have to worry that it does not only come with good reaction but a negative reaction given what the response is of the fed >

baird and goldman giving it a neutral rating citing macro risks while bernstein says there are too manyeyond 2024 rating reddit underperform. now to tyler matheson for a cnbc news update. >> jon, thank you very much. prosecutors in donald trump's hush money trial have asked the judge to fine trump $3,000 for social media posts about key witnesses. prosecutors say he violated the gag order from commenting on people related the trial. adult film actors stormy daniels two sleaze bags who lied. >>> israel is deliberating how to respond to iran's aerial assault over the weekend without angering its international allies, that's according to "the washington post" citing that target options would be locations that would, quote, send a message without causing casualties and colorado could be the next state to ban the sale of automatic guns. ten other states including california, new york, illinois have passed similar limits on semiautomatic weapons. jon, back to you. >> thank you. >>> coming up, oil prices falling 1% as israel vows to retaliate against iran's attack. our brian sullivan will tell

from openai to iowa's 18 and bernstein upgraded them to outperform, generative a.i.e 16 upgrade cycle, roku higher seaport research upgrades them to abide, shares are up 4% at 58 and change but seaport says they're going to $74. they say roku is essential name of the connected tv advertising market. but southwest airlines are getting hit hard after boeing/their deliveries to airlines including southwest. jeffries downgraded them to the equivalent of cell and they cut their price target to a street low $20 a share. the analyst there says it is time to throw the quote baby out with the bathwater. ashley: quite a comment. thank you very much. over the weekend congresswoman ilhan omar omar suggested jewish students can be divided into pro-genocide or anti-genocide camps. now even democrats are pushing back on the claim. aishah hasnie is in washington this morning. how exactly are democrats reacting? >> good morning to you. some of them are calling her out on this while others are sidestepping it. that divide is really going to be put on display this week when the house v

top that we would talk about it's a significant moment of what is happening with this name toni at bernstein, he upgraded apple. so an analyst upgrades apple, and you are like, duh. except for the fact it was six years ago that he last had a buy or outperform on this stock, and he downgraded it six years ago on february 2nd of 2018. now he reiterates the price target of 195, and he says apple's prevailing weakness in china is more cyclical than structural, and it's a seasonally strong trading period, and apple is less expensive than it appears. take this. >> interesting i have always advocating that fundamentally this is the one company that just when you think you are seeing an inflexion point in the fundamentals they prove you wrong, and they either prove you wrong through their balance sheet, whether it's the dividend or buyback or something embedded in what is a remarkable customer base, and the resiliency that is reflected there in its products with the earnings i can't come on air, okay, with a rebalance occurring tomorrow for the etf and not acknowledge there has been a dramatic deter

bernstein did analysis and saw that foreigners are getting into hindustan aeronautics, and these kind0 index. this is becoming more of a playground for foreign investors that it has been in the past. haslinda: when this urge is so rapid, you talk about risks. what are some of the risks to the rally? >> there are many risks on the horizon. one is of course that this pocket of the market has not seen correction yet, unlike the small caps in india and there is bound to be profit taking after a 65% rally over the past year for the next 50 index. secondly, the earnings potential needs to be matched by actual increases in corporate profit. if investors see that earnings are coming through, they are likely to take money out of these companies. especially as other markets such as japan in asia are booming, and china is also rebounding. if this rebound in china seems more sustainable, you could see tactical outflows out of india, and the next day next 50's -- the nifty next 50 is a candidate for foreign investors to take profits out of. haslinda: thank you so much for that. india has been trad

. >> at bernstein. they still rate it outperform. why are you looking to possibly trim it?h a run. it's such a great company, if you look at the chart, it's a straight line up at this point. over 40 times. i think the story is known. i think all of semis have run and they've gone with it and i just think the space is probably a limb overdone. >> all right. we will come back. we're going to step into earnings next week and get up keanli.ahead of that mi sto with his "midday word" is right after this break. ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ [thunder rumbles] ♪ ♪ you know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. for nearly 160 years, pnc bank has been brilliantly boring so

been a rough year with stocks at 30% and you have earnings out tonight with stocks higher and here bernstein -- stacy rasgon has never been here on tv and i do love being the first so stacy, good to have you. >> thank you for having me. >> i had nothing to do with it it was the production team but good to see you here. intel had a rough year but what are the few things you will look at the most tonight? >> intel has had a rough year and we understand why and look, i will be honest. i don't exactly know what to do with the stock and we have mellowed a little bit and we upgraded it last year and we have been fairly negative for quite a while and they just slashed a dividend and it was book value and it couldn't get much worse and it's come up a little bit but i don't really know what to do. pcs are fairly anemic and servers may be not getting worse and maybe that's a positive and they don't really have an ai excelerator story. >> not getting worse is not what i want to hear. how is that rash. >> they do have this day and my biggest take away was come back in 2030. so it is kind of a no man's l

to the iphone and that would be in ios 18 which is due this year, also not upgrade to outperform bernstein'stt and by apple shares while they're cheap, their price target is 190 and apple is up 3.1% at 174 right now. ashley: that is pretty amazing, let's move on, what else we have. i was reading the headline earlier, meta planning more layoffs, that's not good news. >> according to the washington post oversight board and it's an election year that could invade your content moderation on their social media sites. it's raising concerns that meta cannot responsibly govern itself if you will. in europe were bringing in europe again as we talk about what are the big tech companies the financial times is reporting that the european union will open an investigation into whether meta is doing enough to counter this information. mainly from russia and some european countries hold elections issue. the influence of the size of meta with all of their apps and that's a people get their news are they doing enough to make sure the algorithms are checking the things they need to be. ashley: i would get onto

leonard bernstein, he never was conducting and then turned to the insurance adjuster in the second rowcan write all day and think this is hilarious and then get in front of an audience and, not there yet. >> what you think has been the reason for this change in the way, is it because the jokes you used to deliver as you said in that clip that we played, used to be for the intimate room that you were delivering the joke in, or the confined room that it was in? now somebody takes it, they're watching. >> and you know what we have? social media. so people can get on, take something out of context, say this is what i heard, this is what this comedian said, and they just come, the people, oh my god, i can't believe that happened. we're giving people a soapbox that don't deserve a soapbox, and i think the world has changed. jokes that were funny 20 years ago, words have different meanings now, so we have all that as well peer >> let me ask you, finally, tangentially, something that dwayne "the rock" johnson said this week, he said he's not going to endorse any presidential candidate, he said

investor matrix asset advisors sent a letter to paramount global saying it is bad for shareholders with bernsteines are still down about 25% since the news broke back in december 10th and sherry redstone was looking to sell her controlling stake in the company. now sources tell me sony and apollo are considering submitting their alternative proposal to skydance's bid as earlier as this week there's another wild card here, as well and paramount's negotiations with charter over their deal that expires tomorrow night. the terms of that deal and whether charter takes all of the channels and with what fees will impact paramount's value going forward. jon? >> julia, this is a company and an industry under a lot of pressure unless your name is netflix. regardless of what happens here, but does it look like people are feeling that this deal with ellison is probably the bird in the hand >> you know, that's what i was hearing up through yesterday, that this deal was sort of set to happen, that this is what sherry redstone wants to happen and the fact that we're now getting more of these details leaked and