bertha coombs is here with that and more good morning, bertha >> brian, good morning walmart confirming it has started to layoff corporate employees. the retail giant not saying how many will be impacted. in the statement to cnbc, the company described the layoffs as a way to better position the company for a strong future. the news comes about a week after walmart slashed profit outlook and warned that consumers pulled back on spending due to inflation. >>> softbank raised $22 billion in cash with the stake in alibaba. this year, the japanese conglomerate sold about one-third of the alibaba stake contract s allow them to retain the possibility of holding on to alibaba shares the ft poibnts out that they raised shares including these contracts. >>> and richard clarida has a new gig. he is returning to pimco serving as the global economic adviser and managing director. before joining the fed in 2008, he worked at pimco for a decade. clarida resigned earlier this year after a trading scandal he was cleared of wrongdoing brian. >> if only he was a member of congress, it would not be an iss

. >>> to the top stories bertha coombs is here with those. good morning, bertha >> game, frank apparenle is saying it is time o get back to work and carrying a series of layoffs in the last week about 100 contract based and recruiters were let go they were responsible for hiring new employees for apple. bloomberg said the workers laid off said it was due to changes at the current business needs. the move follows similar by tech companies amid growing worries over a spending slowdown >>> world wrestling entertainment says the investigation into former chairman vince mcmahon is essentially complete the security filing by the company shows the investigation announced in june found $20 million of expenses that should have been reported in the company financial statement. that included $14 million that mcmahon agreed to pay to women to settle allegations of sexual misconduct from 2006 up to this year. >>> and headaches for airline pc passengers in the new york city area easing last night faa says staffing issues at newark and jfk were being resolve

bertha coombs is here with those. good morning, bertha >> good morning, brian federal appeals court ruled a pair of losses for the oil companies for the climate change will be decided in state court the decision by delaware and hoboken, new jersey, is the latest that state court is the proper venue for the legal action the suits by delaware and hoboken are among two dozen filed by states and cities against companies, including exxonmobil, chevron and shell. the companies denied liability in the cases and sought to resolve in federal court. >>> a federal judge in ohio ordered walmart, cvs and walgreens must pay $650 million combined to two counties in the state for damages related to the opioid crisis. the payment made over the next 15 years all three companies were found libel last november for the role in the opioid epidemic in both ohio counties. pharmacies abused position of special trust and responsibility as dispensers of controlled drugs. we are seeing this in a number of states. >>> shares of the china property

there are more management shakeups at the coffee giant bertha coombs is here with that and more on riviantha, good morning >> good morning, brian chief operating officer is departing the coffee giant culver has been with the company for two decades now and he will step down from the current role in october and become an executive adviser until he leaves the company at the end of the year culver's departure is partrestr. >>> and dr. pepper is looking to buy bang energy drink. the deal price for vpx has not been finalized insiders say vpx could be valued at $2 billion. the potential deal could mark the latest in the series of acquisitions by beverage makers buying up smaller brands. >>> and rivian feeling the wrath of some of the customers after pulling the plug on one version of the pickup truck. the ev maker is eliminating the least expensive trim of the r1t according to the letter on the rivian owners forum. the demand for the truck was less than expected eliminating that model will help rivian deliver vehicles quicker. brian, customers are going to have to pay up they have until septemb

bertha coombs is in with those for us good morning, bertha. >> good morning, wilfred so good to see youe've got two more companies closing plants in china as a power crisis worsens there toyota and contemporary amperex technology, the world's top battery maker are halting work in the region. they'll shutter until saturday the province is dependent on power. the heatwave is pushing up energy demand and degreeing down reservoirs. >>> twitter is trying to get musk's texts according to "business insider," twitter wants a search conducted of all of muvg's messages during the relevant period for material related to its lawsuit the report says the proposed order does not specify exactly when that relevant period is, and many documents in the case so far have been filed confidentially. >>> and the federal reserve issuing more guidance for banks involving cryptos. regulators telling firms they need to make sure there are systems in place before taking on the digital assets to make sure they don't threaten safety and consumer protection given the volatility the banks should notify the fed before

i'm bertha coombs. here's the cnbc update the author salman rushdie was stabbed today. a man rushed onto the stage at the institution and attacked the author as he was being introduced they say rushdie has been taken by helicopter to a local hospital and his conclusion is not yet known. the suspect was arrested at the scene. >>> a new york judge ordering former president trump's long-time finance chief to stand trial in the fall on tax fraud charges involving alleged off-the-books compensation. >>> and johnson & johnson is pulling its baby powder containing talc worldwide and replacing it with a powder made with cornstarch. the powder hasn't been sold in the u.s. or canada since 2020 amid thousands of lawsuits alleging it caused cancer. j&j alleges medical research shows the talc powder is safe. >> our bertha coombs with a news update. >>> bitcoin on pace for its best week since july 29th and ether up 90% since mid-june. bryn, you own bitcoin. are you still a crypto believer after we had crypto winter or crypto polar vortex or whatever we had >> cryptogeddon. i think in

thanks, bertha coombs. >>> a gut check on coinbase. the stock flat today amid a roller coaster summer for crypto brian armstrong telling our own kate rooney he's not worried about the volatility >> we have this saying internally i like to repeat a lot. it's never as good as it seems it's never as bad as it seemsment one of the reasons coinbase has been so successful the last ten years, we try not to get focused on short-term ups and downs. >> investor jim chain knows less confident, defending his own short position to our over scott wapner. >> you have a stock at, whatever it is, 75. that's excessive for a company that is in reality losing $4 or $5 a quarter that's it. it's a risk-we regard situation. investors are taking huge amounts of risk for what i think will be paltry levels of reward. >> dee, chain knows announced the position earlier in the year when the stock was about $100 higher >> the crux of his thesis is that the fees will get lower and lower, string brian armstrong admitted will happen to kate rooney he said he's going t

craig irwin on tesla's split and bertha coombs on amazon's health care pivot mike, i wonder what youging. >> no. i think the market is reading the messages that have been out there from other fed officials and essentially saying they're not out of step with what they're likely to hear tomorrow. sure, they're going to prepare the market to keep rates at a higher plateau for some period of time and not look for an opportunity to cut them next year but that seems digestible the s&p 500 has grinding or drifting higher here we've gone above the levels everyone was hoping to hold. it's a benign reaction i wouldn't say that it's really driven by any particular catalyst or growth indicators, it's much more about i guess we're more or less in gear with what the fed is going to tell us. >> you do say it seems sensible to work on the premise that the june equity low was a good one, although you and i did talk this morning about goldman's warning that liquidity will fade in the next few weeks. >> for sure. even if that low from june is going to hold and maybe is the start of a significant uptren

. >> let's get to bertha coombs for a news update. >> a school bus carrying 32 students crashed intoo indiana state line the driver of the bus suffered a medical emergency that caused him to lose control of the bus sheriff's officials say. all student are okay and the driver was taken to a hospital rudy giuliani who used to be donald trump's personal attorney has been informed that he is a target of the criminal probe in fulton county, george a regarding the 2020 presidential election, that according to giuliani's lawyer. giuliani is scheduled to testify in atlanta later this week. >>> and the u.s. centers for disease control and prevention has updated its monkeypox guidance to include dogs as animals that can catch the virus. the cdc tweaked its guidance after the first case of the pet dog suspected of contracting the virus from its owner that was documented in france people to animal transmission. got to be careful. >> that's amazing. bertha coombs. >>> ahead on "power lunch," losing energy down 10% we'll discuss the downturn with citi's ed morris plus the intervention manager dan

. >>> actually, we'll go to bertha coomb who has the update infowars alex jones said he may have beenit was a quote, false flag operation staged by the government with actors playing the part of grieving parents to create a pre-text for the confiscation of american guns. jones testified in his own defense in a defamation suit brought by one of the parents of the 21 children who died >> it probably did happen and there's a good chance i was wrong so i started to walk it back long before i got sued because i wasn't sure that i was right anymore. not everything is a false flag not everything is staged >>> president biden is expected to sign an executive order that will help cover costs for women traveling across state lines to receive abortions. the biden administration is considering declaring a public health emergency to protect access to abortion medications. >> and the senate is set to vote on a res lolution ending their longstanding military neutrality in response to russia's invasion >>> bertha, thank you be bertha coombs. >> we have earnings to go along with that. we'll do it next

let's get to bertha coombs now for a cnbc news update bertha >> hey there, kelly.sident biden and the first lady are seeing firsthand some of the extensive flooding damage in eastern kentucky. after this stop the president participated in a disaster briefing >>> and within the last half hour the pentagon announced another $1 billion worth of military assistance is going to ukraine. it's the largest single package of u.s. arms and equipment that has been sent to help ukraine defend against russia's invasion >>> and david mccullough, the author who popularized american history for millions of readers, has died at the age of 89. he was awarded two pulitzer prizes for his biographies of president harry truman and john adams. the ceo of his publishing firm says mccullough was a national treasure who dramatically illustrated the most ennobling parts of the american character. >> so sorry to hear it god bless his soul i mean, his books -- you've read -- they're amazing. the brooklyn bridge one. john adams we could go on such an asset. just an incredible talent. everyone s

it's literally 1/4 of that multiple >> let's get the headlines now with bertha coombs >> i'm very happyhten you now that the lights are back. a group of divers claimed to have found the remains of kiley rodin, the 16-year-old who disappeared from a graduation party on august 6th. authorities are expected to confirm the identification at a 1:00 p.m. press conference volunteer divers with a group called adventures with purpose said they found the girl inside her car, which they said came to rest upside down about 14 feet of water >>> the nation's top infectious disease expert, dr. anthony fauci plans to step down from his roles running the national institute of allergy and infectious diseases and advising the white house as its chief medical adviser at the end of this year. fauci has led that institute for 38 years >>> and pfizer and its german partner biontech are asking the food and drug administration to authorize covid booster shots that target the omicron ba.4 and ba 5 sub variants for people ages 12 and older. public health officials expect another wave of infection this fall as imm

let's get straight into the "closing bell" market zone joining us are john chapel, bertha coombs andhi deloria. a kicouple of big talls in the transport sector evercore writing that the uncertain consumer backdrop would hurt volumes while noting the stock is trading at the high ends of its historic average fedex shares are sinking 4% after evercore added the stock to its tactical underperform list but keeping an outperform rating joining us is the analyst behind the call, john chapel. it seems like a macro driven shift in posture >> that's absolutely correct, mike thanks for having me first of all, we're seeing that the stocks have really run along with the market. the fundamentals at best are status quo and at worst are a little bit worse we looked at the two macro drivers of this report first inventories. we were on your show on april 8th talking about inventories well below the major retailers started flagging this as an issue as a yellow flag to transports these inventories continue to be very bloated you're seeing it with walmart and target last week they have both talked about

i'm bertha coombs from cnbc. wall street looking to open lower. we've got soft data out of the uk.0 rising on the back of better-than-expected earnings from walmart and home depot. the dow, in fact, e tending its winning streak to five days which is the longest stretch we've seen since may. we'll be getting a report on retail sales on a national level. big anticipation on the minutes from the last fed meeting last month. and we're getting earnings this morning from big retailers. target's earnings came in disappointing. that's causing a bit of a problem for the futures. lowe's and tj maxx also will be in focus. meta is rolling out new features for facebook and instra gam as it continues to try to compete with tiktok. instagram users can now post videos to facebook with the tap of a button. you can also create reels using instagram stories you've already shared. it is to help people create reels with little additional friction. meta says this may let creators grow their audience on the apps and monetize content on both platforms which is where they want to keep them. >>> meantime, t

i'm bertha coombs from cnbc. we've got wall street looking like it's going to open flat. markets posted gains yesterday. the dow and nasdaq and s&p all rising about half a percent, led by consumer-related stocks. oil prices are extending big losses with the u.s. crude trading below $90 a barrel overnight. that's the lowest level since before russia invaded ukraine in february. folks worried about demand and the global economy with china's economic data looking kind of soft. in focus today, we'll get reports on housing starts and industrial production later this morning. we've got an earnings from walmart and home depot, both of those better than expected, helping to boost the futures just a little bit. >>> uber eats is teaming up with office depot to deliver office and school supplies. uber eats customers can place orders from 900 office depot and office max locations nationwide. if you're a member of uber's monthly subscription service, uber one, you can get special benefits like free delivery and a 5% discount on all orders over $15. meantime, dodge is going to disconti

i'm bertha coombs from cnbc.ng like it will open slightly higher this morning after stocks fell yesterday. saw the dow snap a five-day winning streak. the nasdaq and s&p 500 are on track to break a four-week winning streak. the minutes from last week's sff meeting shows the fed is committed to fighting inflation and continue hiking rates until they bring that inflation rate down. this morning we're awaiting reports on jobless claims and existing home sales, and we're also watching for earnings from estee lauder and kohl's. >>> tiktok has a new tool to let users share their stories directly to facebook, instagram and other social networks. the feature has only recently started rolling out, reposting tiktok stories could be a new way for some creators to share their work with followers on instagram and facebook without having to compete with reels which is really an effort to compete with tiktok. it's an arms race on your phones. apple is expected to unveil the latest iphone on september 7th. bloomberg reporting th

i'm bertha coombs from cnbc. we've got the futures pointing to a lower open this morning.0 all edged higher at the end of the day yesterday. the s&p before this morning's fall was looking at a fifth straight weekly gain. we'll see if it ends up that way. investors have been weighing mixed signals from several federal reserve officials, some of them saying we've got to keep up with the higher rate hike, some say smaller rate hikes. we could learn more on what they're thinking when the central bank holds its annual symposium in jackson hole, wyoming, next week. our economic reporter drew the short straw and has to go to jackson hole for that. >>> meantime apple disclosed a serious security flaw for iphones, ipads and macs that could potentially allow hackers to take complete control of their devices. apple says the issue may have been actively exploited. security experts are advertie a users to update affected devices right away. the iphone 6 and newer ipad and mac running mac os monterrey. if your company isn't laying people off, the one next door may be soon. that's the ke

i'm bertha coombs with your update >>> the u.s.trikes in syria towards what it says was infrastructure. there are not believed to be any categories from those strikes, which hut nine bunkers used for storage. it was in retaliation for attacks on u.s. forces in syria back in february >> the announcement coming as ukraine is celebrating its 1991 declaration of independence from the soviet union. >>> len dawson has died. he joined the dallas texans in 1962, and followed the franchise to kansas city, where he led the renamed chiefs to a championship back in 1970 he was 87 years old. carl >> famous picture of him from a fresca and a cigarette making the rounds today bertha coombs, thank you >>> let's get a check on the biggest leaders. cruise lines, warner bros. out there. and the laggards further down the list, some chip names as well. >>> we're also keeping an eye on twitter shares the whistle-blower complaint yesterday revealed that the company deceived regulators and its own boards about the security systems, the ability to fight sp

we have more on disney and bob chapek but first let's get an update with bertha coombs. >> thank you very much more evidence inflation is cooling. the index that's measuring wholesale fell half a percent in july compared to june. it's the first month over month-drop since april of 2020 and while still high, the annual increase is the smatest we've seen since october lower energy prices have played a big role and today thaaa says gas is back below $4 for the first time in five months. warby parker cut its sales forecast for the year as it face as what the top executive calls an uncertain macroeconomic environmental. back over to you julia, deirdre >> thanks. drivenen in large part by resurgence in the company's parks business in an overall beat on disney plus. subscribers joining us now on a cnbc exclusive interview is disney's ceo bob chapek. thanks for vug us on your beautiful campus. >> nice to see you glad to have you here. >> i want to start with streaming and the decision the raise prices and also introduce the new ad-supported disney plus at the same prices you're already talki

. >>> amazon reportedly among those interested in acquiring signify health bertha coombs has more >>. signify has been among the best performers among the primary care companies paying doctors to keep people healthy rather than fee for service. a bit like paying a lawyer a retainer fee rather than hourly billing. signify any health specializes in analytics to ramp up value-based care through an acquisition of its own, it has 10,000 physicians and partners with 200 health systems as well as 100 federally qualified health clinics that treat lower income health patient to help them with a contract business. amazon reportedly getting into the bidding process, doubling down on its $3.9 billion deal from primary care firm, one medical, earlier this month. this would not only give amazon a leg up, building its amazon care service into a brick and mortar business, the value-based care analytics could also boost amazon's web services, which already has a lot of business with hospitals cvs health on the other hand, the ceo said this month on an earnings call, is looking to make a deal by the e

. >>> bertha coombs has our cnbc news update. >>> it's the first legal action, the justice department is suing idaho, arguing the state's near-total ban on abortion forces doctors to violate the emergency medical treatment and labor act by denies treatment for an endangered pregnant woman. >> it does not matter what state a hospital -- operates in. if a patient comes into the emergency room with a medical emergency, jeopardizing the patient's life or health, the hospital must provide the treatment necessary to stabilize that patient this includes abortion when that is the necessary treatment. >>> nfl is suspending steven ross for the first six weeks much the 2022 season and fining him $1.5 million for having what it calls impermissible communication with sean payton and tom brady about joining it is team. >>> 97-year-old art mcnally will be the first on-field official inducted to the pro football hall of fame he had a nine-year career on the field and remained involved as director of officiating until retiring in 2015 contessa >> that's nice to see. >>> ahead on "power lunch," peak en

. >>> bertha coombs has the headlines for us hi, bertha. >> here's our cnbc news update at this houry pelosi arriving at her hotel in taiwan within the last hour she's expected to meet with the president tomorrow taiwan's foreign ministry says it shows rock solid u.s. support. >>> british airways suspending the sale of short haul flight tickets departing from heathrow airport after airlines were asked to limit new bookings due to a severe labor shortage. >>> and georgia residents can now claim embryos as dependents on their state taxes according to the state's revenue department any taxpayer in georgia who has an unborn child or children with a detectable heartbeat after july 20th can claim a dependent on their 2022 taxes. >>> and this just in, baseball superstar juan soto, the winner of this year's home run derby, is going to the san diego padres that's a report about a half hour ago from espn which reports that the washington nationals will also send first baseman josh bell to the padres in exchange for a package of players just ahead of today's trade deadline so rough to see your

that's the way it goes >> that's why inventory is key >> all righty, folks let's get to bertha coombsnews update bertha >> hi, tyler thanks very much the zaporizhzhia nuclear plant has completely disconnected from ukraine's power grid for the first time in its history. today, according to the nuclear operator, ukraine has warned that russia was planning to disconnect the plant in a potentially risky effort to divert it to the russian grid, fighting around that plant has sparked fears of a nuclear catastrophe with the two sides trading blame for the attacks. president biden is expected to hold a kickoff rally today to boost democrats' fortunes, 75 days out from the midday elections and the event in the democratic washington suburb of rockville, maryland, comes as democrats have seen their political hopes rebound as voters remain negative over the supreme court's decision on roe v. wade. and police, for a second time in two days rushed to the georgia home of republican marjorie taylor greene for another false shooting report. a person who called himself wayne greene reached out to a sui

no it's up about 6% let's go to bertha coombs for the cnbc news update bertha >> hi, tyler thanks veryh good afternoon defense secretary lloyd austin saying the united states will conduct more military exercise wes baltic nations and provide increased training to bolster the region against any possible threat from russia austin said they will likely use troops from u.s. brigades in europe, but they may also bring in forces from the united states >>> jury selection in vanessa bryant's invasion of privacy trial against los angeles county began today. kobe bryant's widow says first responders shared graphic photos of the nba start's corpse after he was killed in a helicopter crash with his daughter in 2020. sheriff's deputies said they did not take the photos for investigative purposes. >>> they are welcoming a female representative from vermont. it will be the first time in 233 years that it will send a woman to capitol hill. she won the democratic primary for the state's only house seat on tuesday that's incredible to me, tyler it has taken this long. >> every single state now. >> final

i'm bertha coombs. here is your cnbc update the united states is in a housing recession. that assessment is from the chief economist of the national association of home builders he blames the federal reserve's interest rate hikes and what he calls persistently elevated construction costs the group said the index turned negative this month. in another sign inflation may have peeked, u.s. freight rates fell almost 2% in july compared to june, that according to a company that provides invoicing services for the industry. a researcher said increased capacity will help big retailers bring down shipping costs ahead of the holidays. >>> pfizer's chief executive has tested positive for covid. albert bourla says he's thankful to have received four doses and he's feeling well while experiencing very mild symptoms. he is also getting paxlovid. this has been the summer of event covid. event covid for so many of us. >> yet another summer of covid thanks, indeed, bertha. >>> unity software rejecting applovin's $17 billion takeover. they will go ahead with iron source saying that deal w

health services shares of signify sharply higher as a result, to say the least, up more than 32% bertha coombse with details. bertha >> it's quite amazing. one analyst compared this with the war compared to a thoroughbred race and the prize is a company that sits in the center of the move towards value-based care contracting with doctors to keep patients healthy rather than charge for every little service when people are sick it's a big thing for employers right now and a big thing in medicare after not getting any traction with its virtual care service, amazon now appears to be in the hunt for its second big primary care deal after last month's $3.9 billion acquisition of one medical. signify has 10,000 doctors in its stable, but perhaps even more transformative potentially for amazon, they have value-based care data analytics which could boost amazon's business with hospitalses. cvs' karen lynch says they're looking to do a deal before the end of the year to build out the primary care initiative in store and its home health business to attract patients when they're discharged from hospitals,

let's go to bertha coombs with the etf. >> the justice department releasing the affidavit from the fbiat mar-a-lago earlier this month among the concerns for the justice department and the trump officials might flee or destroy evidence before the warrant was served authorities began distributing iodine tablets to residents near ukraine's zaporizhzhia nuclear power plant in case of a radiation leak amid fighting around the complex it was temporarily knocked off line because of damage to the transmission line. >> it's been one month since a lucky player won $1.34 billion in the mega millions jackpot winner still hasn't claimed the fortune and the massive jackpot marked the largest lottery price in illinois and the third largest lottery price ever won in the u.s the winner has one year from the drawing to claim that money. hopefully they're talking to financial advisers and getting everything all set and setting up their charitable trust. maybe that's it. >> maybe -- or they're looking through dumpsters to see what they did with that ticket. >> it would just be awful. >> on the very rare

. >>> news update, get it to be bertha coombs. >> automaker ford cutting 3,000 jobs in the u.s.ada, the cuts come from the ranks of white collar and contract employees. ford has been trying to slash expenses as it plans out a long-term transition to electric vehicles the company began notifying those workers of the cuts this morning. >>> a new dose of skepticism this morning about the fed's ability to successfully combat inflation, a survey by the national association for business economics, about 75% of respondents doubt that the fed can bring inflation down to 2% without causing a recession. only 13% are either confident or very confident of a soft landing. >>> and wendy's has removed lettuce from sandwiches in three states as officials try to pinpoint the source of an e. coli outbreak. the move came after customers in pennsylvania, ohio and michigan complained of illness. the cdc is investigating whether romaine lettuce is the source. stay tuned. >>> tech stocks underperforming this morning with the nasdaq down 2%. let's check on what's driving the action christina parks neva

let's get to bertha coombs for a cnbc news update >> hey, tyler.re is set to decriminalize sex between men by repealing a colonial-era law singapore's prime minister is vowing to protect the city state's traditional norms by introducing a constitutional amendment that defines marriage as between a man and a woman >>> elon musk has sent a subpoena to former twitter ceo jack dorsey in his legal fight with twitter dorsey actually supported musk taking a board seat and then tweeted his support on the day the deal was announced saying in principle i don't believe anyone should own or run twitter. however, elon is the singular solution i trust i trust his mission to extend the light of consciousness interesting turn and flash flood warnings are in effect in dallas, texas, eastern dallas was hit with more than nine inches of rain within six hours during an average, dallas has seen a total of eight inches of rain. oh, that's tough sledding there. the storms are getting worser and worser >> they really are and that's worse than the flickering lights >> bert

i'm bertha coombs. u.s.lth officials are expected to declare monkeypox a public health emergency imminent leigh. sources tell nbc news cases have soared to 6600 according to the cdc with the majority concentrated in california, new york and illinois which have all declared public health emergencies in those states. hhs secretary xavier becerra is expected to hold a briefing at this hour within minutes along with the white house's new national monkeypox response coordinator. as you can see, a number of the stocks related to the disease are moving higher on that news, courtney >> thank you very much, bertha that is an important update. welcome back to "power lunch." shares of home retailer ethan allen rocketing after full-year results. the stock is up 25% just this month. here to weigh in on the strong quarter, inflation and the consumer and more is the chairman and president of ethan allen. thank you very much for joining us today some pretty strong results and your consolidated net sales are up almost 29%. c

stephanie, we'll have to leave it there alas, i can speak on real estate >> thank you >> bertha coombsn took the opportunity to tout july's strong employment report, andly also spoke about the importance of passing the budget reconciliation budget left for a vote tomorrow on the senate. >> i know people will hear today's extraordinary jobs report and say they don't see it they don't feel it in there own lives. in short, this bill is a game changer for working families in our economy. i look forward to the senate taking on this legislation and passing it as soon as possible. >>> the department of defense denying muriel bowser's defense for bussing migrants to texas. texas governor greg abbot has been highly critical of the biden administration's border policies and began bussing migrants to d.c. in april. >> in iceland a spectacular volcanic eruption just 15 miles from the country's capital city is drawing a lot of spectators look at that they're coming to the site despite a call from officials to avoid the area due to the poisonous gasses i have to say, tyler, that makes me think i rea

. >> thank you very much >> let's get over to bertha coombs for the cnbc news update. >> good afternoonre's your update at this hour. pat cipollone who served as former president donald trump's white house counsel has been subpoenaed by a federal grand jury for its investigation into the january 6th capitol attack the justice department is investigating then-president donald trump's actions leading up to the riot as part of its criminal probe into fo overturn the 2020 election results. >>> the husband of u.s. house speaker nancy pelosi pleading not guilty to driving under the influence charges related to a may crash in northern california wine country paul pelosi did not appear in napa county superior court and his attorney entered not guilty pleas. he had a .082% blood alcohol level. the legal limit is under 0.08% phil mickelson is one of 11 golfers on the saudi-backed liv golf circuit who filed an antitrust lawsuit against the pga tour over their suspensions. they're asking the judge to force the pga to let them participate in the tour event next week. boy, this is really getting nast

let's go over to bertha coombs. >> good morning, andrew.shower revenues topped $80.6 billion compared to $576.4 billion estimate, the company raising full year eps guidance by another 20 cents a share from 840 to 860, which is also above expectations ceo karen lynch noting the company saw strong revenue growth across all of its business segments. we give you a look at the insurance side, aetna side 11% increase year over year. membership was inline. it's interesting given that they talk about the extended flu season and we had the surge of the ba.5 variant in late spring. in the pharmacy benefit services, cvs caremark side, revenues were up 11.67%. this is very interesting because you recall last year during the second quarter, that's when they got the big boost from the wider introduction of vaccines you had a much lower volume of vaccines, but covid claims are up 5.7%. in the stores, retail pharmacy sales were up 6.3% and that was driven, they said, by strong cold and flu, covid home test sa sales, and what they call pharmacy brand inflat

i'm bertha coombs. florida court posted a redacted copy of the affidavit the justice department relied on when federal agents searched the mar-a-lago home of former president donald trump to look at classified documents. we're going through the documents right now. ylan mui will have more coming up trump's lawyers are due to file court papers clarifying a request this week seeking an independent arbiter to review the hundreds of documents seized during the search. >>> the zaporizhzhia power plant was back on the grid and supplying electricity to ukraine one day after it was disconnected for the first time in its 40-year history recent fighting around the site stured growing fears of the catastrophe, ukraine and russia traded blame for the attacks >>> christie's auction will handle the sale of paul allen, the collection is valued at more than $1 billion and includes masterpieces by monet, cezan and the sale of 150 paintings could lead to the most lucrative art auction ever with sales exceeding the record

. >>> welcome back to halftime, i'm bertha coombs, at least three ukrainian civilians have been killed and 20 others wounded in the latest artillery barrages from the russian military ukraine's parliament has extended martial law and the country's general mobilization for another 90 days. >>> british drug regulators have welcome the first in the world to authorize an updated version of moderna's coronavirus vaccine that aims to protect against the original virus and the omicron variant. it will be used as an adult booster shot >>> and more than 13,000 pounds of frozen pizza have been recalled over fears they might have been contaminated with extraneous materials specifically metal the pizzas by chicago's home run inn topped with sausage, pepperoni, onions and peppers would have a best by date of september 3rd and should be thrown out metal is not my favorite topping. >> i'd even take pineapple over metal, that says a lot. >> i love pineapple. >> bertha, thanks. let's bring in our halftime headliner now, brian belski, chief investment strategist at bmo. brian, still a bull, still a bull

as it looks to try to avoid a four-day losing streak and the dow is down 23 points let's get to bertha coombsnbc news update. >> hey, kelly. trump supporters outside mar-a-lago protesting the fbi's search of a property yesterday they may get what they want. a source close to the former president said if he wasn't running before he is now, because he is angry, they can add this to him. >>> in a tweet today, trump's vice president, mike pence, writes he shares the deep concern of millions of americans what he calls the unprecedented search of a former president's personal residence >>> house package expects to receive trump's tax returns now that a panel of d.c.'s court has upheld a lower court's decision that congress has a right to see them trump can ask the full appeals court or the supreme court to take the case. >>> lamont dozer, one of the writers of the motown song writing and producing team is dead at 81 among their many timeless songs, 15 of them that hit number one, "you can't hurry love" "heat wave" and number one hits in the u.s. including "stop in the name of love. those are like t

let's see what bertha coombs thinks of it. >> looking pretty green over there. hi, tyler.is what's happening at this hour ron and the u.s. and the eu are all sending representatives to vienna for a nuclear pact discussions. a u.s. official said the administration's expectations are in check, but it stillwell comes the european union's effort to revive those discussions. >>> nbc news reporting in the last hour that rudy giuliani will probably not face charges after a two-year investigation by federal prosecutors in new york they were looking at whether his efforts several years ago to have the u.s. ambassador to ukraine removed from her post required him to register as a foreign agent. >>> and president biden's doctor says he is still testing positive in his rebound covid case with an occasional cough, but feels well and is fever-free the white house just released a photo of the president at his desk this morning. speaking on the phone with his national security team >>> and for the first time since the pandemic began a big fireworks festival returned to central japan, but

the anti-trust gacase against united health begins today we have bertha coombs with more on the breakdownd.c when they wanted to get an assistance to the hospitals fast, they helped out. now the giants have too big a role with data the division is allowed to complete the deal to buy rival the merger would give them 75% market share in the business they process claims that are not united getting access to the data could give uhc an unfair advantage according to the government. united health care diffivested that the doj says that would not stop optum from replicating it. they operate fire walls to prevent unfair practices and the ceo said the customers include other insurers do well when they do well. >> our external growth to non uhc business was the same rate as internal growth or partner growth rate. that is important. what that shows is all sorts of united health care are choosing to work with optum >> the company may call witty and the former ceo to testify in defense. the trial is expected to go through august 16th with the doj presenting its case this week. andrew. >> how quickly wi

andrew >> thank you, bertha coombs. we will take a check on the markets right now. the founding partner is joining us and sylvia jablonski is joining us sylvia, i don't know if you were listening at the top of the show we keep asking has the train left the station or is the train leaving the station or returning later this fall in terms of where the market is? >> good morning, andrew. a great question what we are seeing is a bit of a tug-of-war in the market on the one hand, you have excitement earnings of 50% of names reported now and they look pretty good. it looks like companies have been resilient we had 275 bi-75 bip hikes. we have prices coming down prices and lumber. that bodes well that perhaps inflation has peaked and the fed can slowdown and take in the data the other side of the tug-of-war, that might not have been the message jay powell is looking at june data wages are rising and employment is still strong. it will be hard for him to achieve price objectives there it is a bit of risk. in the short-term, we have range volatility the train goes back and f

time now for a cnbc news update with bertha coombs she has that for us. tha. >> hi what's happening at this hour. senator lindsey graham says he's going to appeal a judge's decision issued today that the south carolina republican must testify to a georgia grand jury. it is looking into attempts by former president trump and his allies to reverse joe biden's victory. graham has called his subpoena a, quote, ridiculous weaponization of the law they want to ask graham about phone calls he made to state election officials. >>> china is announcing more military exercise as a congressional dellegate visits the island house speaker nancy pelosi this month has been strongly denounced by beijing. >>> and brittney griner's russian lawyers have filed an appeal of the star basketball player's conviction. that according to news reports in russia. they say there are ongoing talks between moscow and washington about a potential prisoner exchange back over to you david? >> okay. thanks, bertha. >>> let's turn back to the markets. our next guest seeing several perplexing t