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,

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

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 "worldwide

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

where apple is sizzling in the number two top poll position here right behind going after a bernstein upgrade from irca performed outperform, in a list there they the concerns about the niemiec china iphone sales are overdone. guess what, we will know for sure on thursday that's when apple reports earnings but before then we have a huge number of s&p companies, a third of the s&p 172 including amazon and advanced micro devices tomorrow along with 3m, mcdonald's, cvs qualcomm, queen base, draftkings they report this week. it is been about six days since tesla missed analyst expectation for the quarter, shares cratered ahead of the numbers on concerns that the eb company would abandon the low-cost car ambition. look at the one week chart, when elon musk came out and denied that on the earnings call the stock recovered and look at today a 14% move at the moment. elon surprise meeting chinese, tesla is now compliant with the data security regulations which basically means tesla can take the next step in rolling out full self driving in china. we have a full report coming up. no such welcome back

above its 50-day moving average for the first time since january the latest move coming after bernstein upgraded i-phone maker to outperform, telling investors to buy the fear. the stock had been down 12% in 2024 before today's call but can the momentum carry apple into earnings coming in on thursday, will it hold through all those numbers? many of the big tech names that reported last week were under pressure today meta is down 12% since its report on wednesday. so, should investors worry that apple will fall into the same trap after its report or will it gain some appeal as a defensive play tim, you're nodding your head. what do you make of this call? they're saying, look, be buffett-like >> tony's had a great call on apple and i think he's picked out these moments. and i think the core to his thesis is that apple is relatively cheap to the market, relatively cheap to itself but his call that china is more cyclical than structural is interesting. i think that could be challenged, but there's no challenging the fact that apple has really underperformed the market it's really underperformed the

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 deterioration just

from bernstein upgrading stock from outperform.ctural stay tuned you're watching "squawk" on cnbc. >> university of maryland global campus is a school for real life, one that values the successes you've already achieved. earn up to 90 undergraduate credits for relevant experience and get the support you need from your first day to graduation day and beyond. what will your next success be? morikawa on 18. to graduation day and beyond. he is really boxed in here. -not a good spot. off the comcast business van. into the vending area. oh, not the fries! where's the ball? -anybody see it? oh wait, there it is! -back into play and... aw no, it's in the water. wait a minute... -alligator. are you kidding me? you got to be kidding me. rolling towards the cup, and it's in the hole! what an impossible shot brought to you by comcast business. >>> the federal reserve set to kick off its latest policy meeting tomorrow months ago many in the market thought the fed would be ready to cut rates around this time, but things changed since then. joini

today an upgrade of apple. bernsteinsidelines for the first time in two years. >>> then shares of philips at a two-year high after a smaller than expected settlement over its sleep apnea devices. the ceo joins us. >>> one of morgan stanley's top ipo bankers te

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

. >> apple shares up sharply on the upgrade from bernstein we're referring to. down a bit today. i'm going to talk paramount. also want to talk nba. paramount, ceo i've interviewed i don't know how many times. no long are. bob bakish says good buy. had been anticipated late last week. now they've got a troika running paramount. i can't really recall that many successful companies that were run by a troika of executives. that's not the typical thing you go with when you're looking for true success. that's where they stand right now. three different guys running paramount, obviously all oversee different parts of the company, that they have been overseeing prior to mr. bakish's sdepartur. it's hard when you've got the wind in your face. looks like a hero with the wind in your back. >> -- >> -- referring to the fact they may have had significant bids for show time but he chose to roll it in as opposed to elg sit and potentially garnering a significant return. sthoing in the press, not my reporting, has played out in terms of tension between him and control shareholder shari redstone