mike, your take on this move. >> so, first of all, we own broadcom, so, you know, mike, brian owns itfor his clients, i definitely think it's cheap. 20 times earnings when the q's, the nasdaq is probably trading closer to 30, well under the valuation of names like nvidia, which i should say we also own. what's interesting, this put spread is going to cost about 2.5% of the current stock price, a stock that moves on average closer to 4, 4.5% after earnings, this name is also on a heck of a hot streak coming out of earnings. if you take a look at how broadcom has performed a week after its reported, it has actually been up every one of the last 12 reported quarters. i don't know if it's going to break this time i'm hoping it doesn't, because we own it, if you also own it, i think this put spread might be a good way to protect it. you know, actually, if you don't own it, buying the stock, which we already own, and buying this put spread as a way to play earnings isn't a bad way to go either, i think. >> carter, your reaction? >> on the day of nvidia's great news back three months ago, of

it's nvidia and broadcom.roadcom is a chip designed for like custom chips for the hyper scalers for ai as well as networking. they said last quarter it would be 15% of the revenue, going to 25% of the semiconductor revenue next year. just in the wake of nvidia and marvel and some of the others, do they take that number up. the second thing people are looking for is the rest of the semiconductor business. it's kind of interesting, it's been very strong. people are obviously worried about sustainability. if they're right on the ai side, the non-ai piece of their semi business could shrink double-digits next year and they could still grow. people looking for their commentary and outlook on that. the third thing is vm ware. it will take their software mix close to 50% of revenue. i think things are actually looking pretty positive. they got uk and eu approval. the hsr deadline, we're just waiting on china. in the meantime they raised permanent financing for it. they seemed pretty confident. they've been saying clo

let's kick off with broadcom and vm ware. broadcom having a strong year with help from the hype.higher, especially after the european commission green lit the deal in july. the software, cloud and a.i. demand are focus of both companies into the print. investors will listen for updates on the deal which is projected to close in october. let's talk about that deal. are you buying either name, nancy? >> yeah, tyler, we actually acquired broadcom after the computer associates deal. everyone hated the deal. the stock sold off. we checked in. the name is thelargest holding across our equity strategies in our best portfolio. we're going to play it with broadcom. what we're watching for is, you know, is the company -- they are going to deliver the slowest level of sales since pre-pandemic. so the question is, how slow, and are you paying for that? i think on a relative price-to-sales ratio basis, the stock is pretty attractive. we're not too worried about that. this will be the ninth quarter if they deliver it that they will have had an upside surprise. so the last eight quarters. >> yo

broadcom will work, too. broadcom wasn't really working until nvidia gave that guidance in late may and it started to work. >> it's as if it rallied that day like nvidia. >> and it still trades at a huge discount because of their exposure and that sort of thing. buy the thing you want to buy rather than the thing you think you think it is or isn't. >> you have been short? >> yeah, i am. i'm also trading, too, so, i'm trying to be tactical with this sort of stuff and i got bailed out by that selloff last friday with the nvidia thing, because i kind of had a trade on before that and it worked out okay. but i'm out and i'm out in the tesla thing, because it seems like, if we continue to go higher here, it's going to go into mania mode. it's going to feel like late 1999, in my opinion, and that feels like death rattle sort of stuff, so, you better watch your you know what as we get in towards, you know, kwq-4. >> anthony said keister before, didn't you hear him? >> anthony was straight fire there, by the way. >>

jenny, the chip rip, smh is up 5%, nvidia, 5%, broadcom 7%. you're looking at 5, 6, 7% gains in stocks within that space. >> i think you need to go stock by stock and say what's the valuation, what's the earnings reality? you can look at those individually and i think the earnings story pairs well. i think you are back to not painting chips with a broad brush. >> these are not all the same. this is not like you can substitute ruffles with baked lays and no one will know the difference. for the valuation people, the stock got cheaper after the last earnings quarter than january. maybe take another look because it's gone to 33 times earnings. nvidia is not -- what's good for nvidia is not necessarily good for all the companies in the space because of how unique the story is. they're not all playing in that same sandbox and their data center wins have to come by someone else having to lose. it's not a rising tide. nvidia new high yesterday a new all-time 40 times in 2021, zero in 2022. this was a $120 stock that is approaching $500. this year we'

broadcom reports after the bell this afternoon. with what to expect. >> hi, tyler. broadcom is the last chip maker to report this earnings season. after we saw a muted stock reaction to nvidia and parvel last week, there's worry about how high the earnings bar is set. fortunately for broadcom, ownership is higher on the buy side when compared with marvel technologies, for example, given its lowered forward price to earnings valuations, 21 times versus 34 times, and the larger revenue contribution from artificial intelintelligence. how so? it makes silicone used in a.i. infrastructure, so it has tangible exposure that goes just beyond the processors made by nvidia. another positive for broadcom is it is usually a little less cyclical than other chip names. five of the last six quarters, all of its various semiconductor business segments grew year-over-year. investors will want to know or hear more of broadcom's acquisition of cloud computing software provider. vm ware. seems like it is going in the positive direction. overall, thoug

broadcom. you own that personally and in the joe t.hat is a name you always hear, which is another big ai play, they say. the stock's up 50% year to date. after what nvidia did and what the market did after nvidia reported, how should we be thinking now about broadcom? >> i think you save the best for last. i still view broadcom as a reasonably valued way to participate in the generative ai trade. this is one of the more strategically opportunistic plays in the semiconductor space. they're going to grow their ai revenue from where it was 10% in '22, 15% in '23. ultimately 25% in '24. a billion dollars in ai revenue. and i think that the fact that nvidia had that type of reversal takes a little bit of the pressure off of broadcom in terms of what the price reaction's going to be post earnings. i think you can see a strong price reaction concurrent with a strong earnings. >> quick break, final trades right there after. [phone: starting route.] technology helps us navigate to work. [phone: go straight.] but, to navigate the complexities o

broadcom and micron. almost every sector is green dow off the initial highs but still up 103 and it is back to school week on "mad money. jim is continuing a special week of shows dedicated to his rules of investing and some of the e arons that he has learned over thyes. tune in tonight, 6:00 p.m. earn time meanwhile, we're back in a moment rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. i'm also mr. leg day...1989! anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. i go through a lot of pants. before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. i may be known for my legendary football career, investment objectives, risks, charges, expenses but truth is, i love a bunch of sports. the only trouble is knowing where to find them. that's why i got xfinity. so, i can easily find and watch whate

>> so first of all, we own broadcom, so, you know, like brian owns it for his clients.y think it's cheap. 20 times earnings for the qs when nasdaq is trading at 30. well under nvidia, which i should say we also own. it's interesting, this put spread is going to cost about 2.5% of the stock price. this name is also on a heck of a hot streak coming out of earnings. if you take a look at how broadcon performed a week after it's reported, it has been up every one of the last 12 reported quarters. i don't know if it's going to break this time. i'm hoping it doesn't, because we own it. the you also own it, i think this put spread might be a good way to protect it. actually, if you don't own it, buying a stock which we already own and buying a put spread isn't a bad way to go either, i think. >> carter, your reaction? >> we know on the day of nvidia's great news three months ago, this stock popped as well. my hunch is it's full. but let's look at a chart of semis overall first just to put this in context and how symmetrical it all is. semis peak when the market peaks. basicall

broadcom has reported 12 straight triple plays. what is a triple play, folk?rnings, they beat on revenue and they guided higher, 12 times! tied for the record. drum roll. they report after the close. you told us to buy this stock. you told the audience to buy this stock in february at 587. do we hold it into the close? >> i'm definitely holding my shares, charles. i like this company. i think it is a great stock. i will caution viewers that of course it is right at those highs, so not really the best spot to buy it here but with the way earnings season has gone this quarter, we've seen really strong stocks like this pull back and give investors a great buying opportunity. so i'm eyeing more buys on this stock. 850, 875 would be a little better of an entry point than right here but ultimately i'm targeting $1000 a share. there is more upside in this stock. charles: i'm feeling that old schwab bucks kelling danielle shay come back. i love it. thanks very much. we'll talk to you soon. >> thank you very much. charles: coming up mullen is suing several brokerage fi

. >> i'll see your microsoft and i'll raise you a broadcom. >> all right, broadcom. >> jim, farmer jim, happy birthday. >> thank you, buddy. >> exxonmobil is my birthday gift to everybody. >> that does it for the halftime report, "the exchange" with kelly evans picks it up right now. ♪ ♪ >>> thank you very much, dom. welcome to "the exchange." i'm kelly evans and we begin with the major market news of the day. you see it right there behind me. the ten-year treasury yield surging to 4.35%. that's the fresh 16-year high, we're just a hair below that level right now. the question is whether this is a breakout or a late summer headfake. we have full team coverage this afternoon from the bond market to the impact on the mortgage market, you'll want to hear about that and how fed chair jay powell might react in jackson hole later this week. let's start with rick santelli out at the cme and rick, why today? why now? >> well, i think because technically we broke through some very key levels not only on a daily basis last week, but on a weekly close friday. let's start at the beginning. ther th

. >> there's a good chance for you to pivot to broadcom, vm ware. >> that's the story i was referring "is he out of touch"? that's the question they raise there. tesla shareholders would say, no. and to jim's point, it's not like -- they keep putting rockets up every five days from spacex or whatever it is. >> i suggest that everyone go to a launch, because it's one of the greatest things in the world. >> it does get a lot of focus as a result of his ownership of twitter. moving on, as you already did for us, to vmware, it is worth noting the uk antitrust regulators had approved that transaction for it to be acquired by broadcom. not unimportant. >> no. and now they're ready to nail that company. get its worth. >> there is still more to come, but that was an important one to clear. no doubt. in particular, given what we've seen with activision, which we're still waiting for in terms of the -- in terms of them getting the approvals they need from that same regulator in the uk. not -- i got to get some more updates there, see if we can find some things out to tell people. remember, as o

the earnings story continues, broadcom out with earnings tonight after the bell.will be a test to see if the ai craze can power the -- they have a business highly relevant to the commitments, hyper scalars, and other sass enterprise names for the computer side of ai. those numbers after the bell. i will be joining our colleagues on "bloomberg markets" to break them as they cross. so much more to come from san francisco, this is "bloomberg technology." ♪ get help reaching your goals with j.p. morgan wealth plan, a digital money coach in the chase mobile® app. use it to set and track your goals, big and small... and see how changes you make today... could help put them within reach. from your first big move to retiring poolside - and the other goals along the way. wealth plan can help get you there. ♪ j.p. morgan wealth management. ed: welcome back to "bloomberg technology." this is with the technology sector looks like. nasdaq 100 is slightly higher. the story from economic data and earnings but we get jobs data friday. that will inform what the fed does and theref

broadcom is waiting for the ftc whether to litigate the transaction. that arm is splitting underwriter fees for its planned ipo equally among four bankers. sources say barclays, goldman sachs, j.p. morgan, and mitsuko will be listed in the prospectus later this month. arm's approach is a departure from the common practice of having banks compete for the lead spots that would give him a bigger share of the fees. applied materials posted a stronger fourth quarter forecasts and the latest sign but the chip industry slump may be easing. the largest u.s. maker of chipmaking machine, sees sales in the fourth quarter of about $6.5 billion, which is ahead of analyst estimates. it says adjusted profit will also come in ahead of expectations. the ceo gary dickerson says the ai boom and rise of internet-linked devices are creating the rises. paul: let's look at markets. one market open, new zealand. off by .3% right now. some losses for u.s. equities at the thursday session as well. i look to the open in australia, asx futures off by about .4% right now. the auss

cheryl: i like tuna more. >> a.i., broadcom the one will really make headlines, that stock is always did it yesterday got to highs around 900 reversed so let's see what they come out with norvele disappointed premarket action they did beat guidance with, salesforce the best pofrj in dow, toppy see if investors run with a positive report we've got some staples for people we've got, you know technology, for people like yourself, and then great economic data in what will be the last four days of august we can put august behind us another down august never good. you don't think going into recession i don't think a recession but on a pause rotational swing powell is going to tell us a lot where we go, technology, are i think the pullback is going to be a little stronger than we've seen so far i am not fearful i think -- >> okay my word tie is pivot, i am curiosity about pivot? how about you? >> i don't know if using the word i pivot i think going to stay the course, and he will just bore us to deathwatch location of the speech if you remember last year went into bunker, bucolic wyoming ca

dani: i thought that was an accident -- excellent accidental plan, abroad rally with broadcom.ts -- no notes. we will get a read on the labor market. amy glaser joins us now. adecco is the -- is the data been confusing? how would you characterize the resiliency of the american labor market? >> it is a great question and i think we were still in talent driven market in the top -- and the drop seekers -- and the jobseekers are in the driver's seat. we will continue to see growth for the upcoming month. alix: bob is through the details. we saw job switchers make more money if they switch jobs getting better terms. are we still seeing that to the same extent? >> definitely not. you salt outputs number -- you saw the quit number decline and employees are sitting and taking stock and we have to attribute this to the work being done by the companies. there are a lot of nonmonetary positives making up for the huge gains we were seeing with sign on on this is an anything monetary related -- sign on bonus is and anything -- bonuses and anything monetary related. there are more boon or --

why did you choose nvidia over broadcom? >> the numbers they're putting up, the billions of dollars of revenues they are beating on a consistent basis leads me to believe that's going to continue to happen. >> you're a valuation sensitive person. >> this is a great point. this is a great point for the viewers to know. i have heartburn buying this stock. i do. frankly, it's up from where i bought it, so i'm happy. what i'm doing, and i've said this all along, i bought a 1% position of a stock that's likely to be 4% or 5% a year from now in my portfolio. there will be moments last week where i can add to it. there is no way to expect this stock will trade mid-teens or mid-20s multiples anytime soon, not unless something goes dramatically wrong fundamentally, operationally at the company, which there is no sign of, no whiff, no hint of it. which means they're going to control price and that seems it would go on for a long time. multiples are higher, up 60% year to date. >> i shouldn't have sold it. 28, 29 forward? >> i shouldn'

. >> i'll see your microsoft and i'll raise you a broadcom. >> all right, broadcom. >> jim, farmer jim everybody. >> that does it for the halftime report, "the exchange" with kelly evans picks it up right now. ♪ ♪ >>> thank you very much, dom. welcome to "the exchange." i'm kelly evans and we begin with the major market news of the day. you see it right there behind me. the ten-year treasury yield surging to 4.35%. that's the fresh 16-year high, we're just a hair below that level right now. the question is whether this is a breakout or a late summer headfake. we have full team coverage this afternoon from the bond market to the impact on the mortgage market, you'll want to hear about that and how fed chair jay powell might react in jackso

but broadcom is part of the top six ahead of its earnings which are out tomorrow after the bell. the street is pretty bullish because broadcom could benefit from the artificial intelligence spending considering the infrastructures. and you can't bring up ai without bringing up nvidia. last friday i would have come on air and i would have told you that investors maybe are divided on the durability of nvidia's growth after the stock closed down 4% and erased all of the post-earnings gains. but that is not the case this week. it closed at a record high yesterday $487.84. and hire now, $495.68. investors like the partnership with google. that is what is driving the name higher again today. so overall some positive business news and some not so good economic data are giving nasdaq stocks a last hoorah as we close out august. >> christina, thank you. >>> and turning our attention to idalia making landfall in florida thorn as a very strong category 3 storm. now weakening to a category 1 as it makes its way into georgia, maybe across south carolina. and jay gray isin gainesville, florida

there's a lot of hype around broadcom, too. you understand hype around ai. what do you think is hanging on these results now in overtime? for the market at large, just given what this month has done and the kind of swoon we've seen >> yeah. i think there are very high expectations for nvidia and other names, in addition to broad kam. i think lam research will also benefit. i think if the stock in any way tonight, if they disappoint, i think the weakness will get bought we know they're the primary beneficiary of ai data center and the transformation i guess it depends on what you think the total addressable market can be in the next five years. it could go from 80 billion to, if you listen to amd, 150 billion. tsmc thinks it's a 50% curve over the next five years this is total addressable market, data center, gpus. it depends on what number you believe. these guys will benefit from it. the data center number tonight is about 8 billion i think they'll do that and i think the number will be good. if it sells off on sell the news i think people will buy it you h

broadcom is the other one, they do custom chips for the hyper scalers doing their own and then they do stuff on the networking side that's benefiting. >> we'll see how the dream evolves from here once we have the numbers, stacey. thanks a lot >> my pleasure. >>> up next, we're charting the rally. one top market strategist is mapping out his forecast for the rest of the summer and when he thinks we could be due for a pullback and later, uber shares slipping. we'll tell you what's driving longel wl rht in the stock. "csi bl"ilbeig back a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back. >>> welcome back to "closing bell." the s&p 500 is on pace to finish the first trading day of august slightly in the red. our next guest bel

broadcom, got up here last seven times they reported, they beat every time.k later the stock was still up. green, matching the outfit you wore today, someone told you i would have the green up. can they do it again, when they report this week will we add another column of green, green, green, across the board. >> absolutely, i think so. let's not forget this is an a.i. play as well. the company is currently about 15% of semi-revenues are a.i. related. they expect that to be 25% by 2026. you look no further than nvidia to get a sense where that market is going. they will be closing on the vmware deal which should be accretive very quickly. he is excellent at that. in this case you're getting paid a robust dividend and growing dividend in the 20 to 30% range over last five years. you can own this stock for a lifetime. i expect i probably will. charles: i think i had it for about 10 years too. nancy, great stuff, always learn for you. for the most part make food good money from you. the u.s. stock market is unstoppable juggernaut for a decade because of companie

broadcom is going to report. you still hold it into the earnings report, right? >> yes, absolutely.ike megacap tech. as we talked, charles, as positions grow exponentially we'll trim profits or ad weight to underweighted positions whether nvidia or broad come you own both. income investor, abco is cheaper multiple, with a 2% dividend yield. it is one to own but i think that is megacap tech is one component of the total portfolio. charles: i got you. it has been one heck of a component though. >> it has. charles: elizabeth, thanks a lot. folks, we'll be right back. nice footwork. man, you're lucky, watching live sports never used to be this easy. now you can stream all your games like it's nothing. yes! [ cheers ] yeah! woho! running up and down that field looks tough. it's a pitch. get way more into what you're into when you stream on the xfinity 10g network. ♪. charles: in 2014 i saw a video on the internet of a man holding an elephant. look at that. it looked so real, so exciting. i was, i was just over the moon, i couldn't wait to be a part of that world. magically is the company

. >> caller: i was watching and looking into broadcom in may. >> yeah. >> caller: and then as we know it had a very quick run-up, and i didn't want to chase it. and i'm wondering how much of a pullback it could possibly have here before i like jump in i want to acquire a simply position. >> first of all, i like broadcom very much. it is down 70 from the high. it's going down with nvidia because there is a story that nvidia can't make all that is needed this is joined a the hip with nvidia it had a very big spike up it olds yields 2 now a big buyback. i'd pay 800 for it i would not start at 850 let it come in that's the best way to play. look, no matter what i do, i'm never going to stop. that is my theme for the rest of the year the market is not rigged against you. it's just filled with momentum chasers who give you bad advice. but giving up on stocks entirely because you lost money could be the worst mistake you can make on "mad money" tonight, one that i like, kellogg, split into snacking and cereal business by year end don't give up on that one. what do investors know what to do i

it will be interesting to hear broadcom tomorrow. they have customized chips that they said last quarter, that business was going -- was 10% of total revenues last year going to 25 by next year. let's see what they have to say, if that's changed at all. but i do think, yeah, you know what, a lot of good news is priced into the ai theme. it's a theme you want to have exposure to. it's certainly not something that you have to chase. if any of these stocks were to pull back substantially, then you take la look. i to think you want to have exposure for sure one way or the other. >> i guess part of my point is that, you know, it's more difficult to look -- i'm looking at sector performance year-to-date beyond where the bulk of the conversation has been, whether it's tech com services or to some tdegree discretionary, but that's also skewed by tesla and amazon. for example, financials next to nothing year-to-date, 2/3 of 1% in the green. energy, 3/4 of 1% in the green. that's it. industrials, 10% positive. so you're talking about three key

microsoft, broadcom are two tech names.sci and charles schwab are financial names in our long model. we're not necessarily picking one sector versus the other. it is looking to attributes investors move toward as earnings continue to slow. charles: all right. michael, good stuff. always appreciate starting off the show with you. thanks a lot. >> take care, charles. charles: coming up my takeaway on the energy policy that may be too late. we may have lost the advantage of having all the fossil fuel beneath our feet and the result will be economic suicide. meanwhile my next guest has been very bullish and now he sees opportunities to broaden out your portfolio. i want to bring in stock market mentor founder, ceo, dan fitzpatrick. dan, you're starting everyone is starting to see, right, a little bit of weakness in these juggernaut names. here's the thing, michael kantrowitz was saying maybe sell the high beta names into strength and we've been hearing that from a lot of people right now. if you do own these names, you recommen

thank growers and payers, broadcom, oracle, microsoft and even though the yield is low, they've beenout 10% annually. we added a semiconductor and that has a 3% yield and strong dividend growth. those of the places where you want to hide in a slowing growth environment. it's traditional to think staples but we have added to short cycle industrials as the manufacturing pmi's are starting to bottom and work their way out. you are right, it is not only a growth play but a safe haven play. matt: i want to ask about the cost. you have 95 basis points as your expense ratio and you want to get that down on your etf. how do you keep the cost down in an active etf like that? >> we need to grow it, obviously and that gives you a lot of flexibility. growth solves a lot of problems. we are in general, even in her high net worth business, our fees are competitive and i write about this in my book because these are the biggest erode are of total returns. you have to pay to get good management but we are conscious of that and we're always reassessing how we can cut costs at our firm and how we can

>> broadcom today, we did it we pulled the trigger. for the charitable trust and members of cnbc investing club know the reasons. and i suggest you subscribe. and you get all of them. one great piece of thought pattern that we put out today. let's go to soheil in new jersey >> caller: good evening, mr. cramer thank you. thank you for everything you do. a lot of insights on the market. >> thank you >> caller: end of summer almost. is there hope for amc? >> well, amc's a cold stock. that means -- what do we call them we call them controlled stocks they're controlled by people that are way out of our hands. and i've got to tell you, if you ask me, if it wasn't a controlled stock i'd want to own it but there are people who can take it up at a moment's whim because we have a lot of people in the market who don't play it by the same rules as i do. they have their own rules and i appreciate that. and i wish them the best of luck the market is preparing for powell's speech tomorrow and i want you to prepare for whatever he may throw at you his

session to go to the committee meeting was designed to go with not by the den prime district and broadcom, but by the next round this to ship all should be in which the contents of the previous national security committee meeting were re entry, that means it will concede that there had been believed into defendants and fighters sondra to the repairs. so the fact that into set does not come up in the complete to board and incomplete. uh uh you know, the job site for uh, the only tools back to what iraq on had been saying. all of them was, was absolutely correct. anyway, you can contact key if have announced them on the street. in fact, you wasting a residence from the eastern city beyond, i'm to nearby areas. it goes as the crane is admitted, russian food. so make involved says in the region all see cause one on the cool is a, is a small details on the latest developments. the russian troops are essentially making significant advances in the ukrainian health region of carter cove, where mandatory evacuations had been declared in the city of co ganske and and suburbs surrounding that city.

broadcom fell after given a disappointing forecast.hipmaker expects revenue at $9.27 million, the slow skating since 2020. -- the slowest gain since 2020. the ceo said the growth is coming from a i related spending. arm holdings is preparing to set they price range for its ipo next week before an investor roadshow. they will price their shares on september 13 and could start treating the next day. arm is looking to raise five-$7,000,000,000 in the listing. dell gain and after the bell following better-than-expected quarterly sales. it is fueling hopes for recovery in the market for corporate technology. demand for products to help users with artificial intelligence are a long-term tailwind. sure to tune into bloombergradio , now broadcasting live from our studio in hong kong. listen from the app. plenty more ahead. stay with us. ♪ almost is just another word for not as good as mine. save 50% on the sleep number limited edition smart bed. plus, free home delivery when you add a base. shop now only at sleep number. fabulous surroundings.

broadcom's $61 million takeover of vmware was cleared by the u.k.y confirm the provisional decision to clear the deal after finding the competition in key products. let's talk about the tesla dated reach back in may impacting 35,000 people and included employee related records. posted from the office of the maine attorney general, the breach was the result of insider wrongdoing. tesla says to former employees shared information with a foreign media outlet. let's get the details. it was a german publication that contacted tesla. what do you think was being shared and by who? >> plate information, things like names and addresses and social security numbers. the state of maine is few and the united states that regularly posts data breach information. tesla is now informing former and current employees that they were impacted. apparently nine of them live in the state of maine. they are saying to former employees shared data and tesla has taken legal action against them. the thing i don't know is where exactly the former employees live. i assume it is i

haidi: let's look at stories we are tracking across the tech space, broadcom fell after disappointinge current quarter. chipmaker expects revenue to come in at $9.72 billion, the slowest gain since 2020. sales of apple's iphones have declined, and the ceo told the investor call that all of its growth is coming from ai related spending. arm holdings is preparing to set a price range for its ipo next week before taking off an investor roadshow. the chip designer is considering pricing their shares on september 13 and could start treating the next day. they are looking to raise $5 billion to $7 million in a listing that could value the business up to $70 million. dell gaining after better-than-expected sales and hopes her recovery in the market for corporate technology. dell says demand for products that help is this is use artificial intelligence are a long-term tailwind. shery: take a look at how futures are trading, investors are sitting on the sideline, given that we are bracing for the u.s. jobs report. the expectation is for job rose and wage gains are cool, but, really, it is abou

designers of chips and they are an integral part of that, from nvidia to amd to broadcom and others.d: later in the show we will talk about tokyo electron, which is a japanese ship your maker. they are getting a lot of demand from china because at the same time china is trying to react to this. think about some of the names we are interested in. nvidia has circumvented the other restrictions by producing a low-power gpu. what is your perspective on how u.s. technology names who want to do business in china can get around some of these executive orders. joanne: for a while i think companies like nvidia and amd will continue to sell to china. as nvidia has done they will have to sell less capable chips than elsewhere in the world. as you saw not just what tokyo electron said about the continued demand for equipment into china, china will want to build up its own semiconductor manufacturing capabilities, encouraged by all of these restrictions, not just from the u.s. but from europe. in addition we saw that according to the financial times nvidia is receiving $5 billion worth of orders

on the corporate side, earnings season is continuing with the br broadcom reporting. >> big week for data. i'm heading to zurich tomorrow. we have a couple of interviews to bring you. thursday sis the big event for ubs. they had to push the q2 earnings to thursday to give analysis. that will be one to watch. >> a big one in the banking space with investors and employees. those institutions keen to hear what the ceo has to say. >>> let's look at the wall street open today. we have green across the board. after the strong session on friday, the gains continue as investors continue to price in what they learned from jay powell on friday. as we heard on this program, not a huge amount came from the fed chair. i think a lot of the market optimism is the big news from china overnight which boosted china markets and european markets and now u.s. markets. that is it for "street signs." i'm julianna tatelbaum. >> i'm joumanna bercetche. "worldwide exchange" is coming up next. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life

a gpu is a type of accelerator, other types are chips like ones from broadcom, the tpu google uses is. when there is a chip designed to only compute for specific task, or do it fast, that is what we call an accelerator. ed: away from the excitement of ai, this earnings season has been about the calling -- about the core businesses. what did you learn about amd's health in pcn data center? kunjan: similar to intel, the results around pc was really good. it shows the pc market bottom is turning and on its way to recovery and the second half will be a tailwind. and it comes to data center, we see it both from intel that the enterprise market is a mixed environment. there is still inventory the needs to be cleared and demand is not a strong. on the side, on the data center for the cloud, into this year, we know the spend is lower than what we expected at the end of 2022 and they are heavily spending in their a cloud portion which forces them to optimize in the non-a icloud portion and that is where these players have the big market and amd and intel are feeling the burn. ed: bloomberg int

broadcom down 3.5% advanced micro down 2.5% s semiconnecter etf is down 1.25%. if it closed here, it would close below its 50-day average and then energy, as kelly points out, high levels on a relative basis for wti crude. the highest levels at one point going back to november natural gas at one point today, the highest prices going back to march. some of the exploration companies outperforming the energy sector. watch the energy trade maybe it's the return to value who knows? >> it's going to be a pain if it stays this way my next guest has been warning for months of higher oil prices and he owns several names. let's bring in stan major. good to see you again, stan. welcome back >> thanks, kelly >> why do you think oil is finally responding >> you know, i think it's a combination of a couple of things when you look at actions and words, the words were scaring the market, which was work from home, weak economy, evs impacting demand but those -- and those do factor in the demand. but they're not strong enough to offset the demand, which has grown to which we're c

. >> broadcom is benefitting. >> they make auto and industrial chips which is doing okay. given its size, its importance and how much it's shifted the narrative earlier this year, i would argue a disappointment out of them. that's not to say if they miss by a penny or something like that. i think some sort of disappointing commentary is near-term problematic. >> markets move on fundamentals. they move on all sorts of things and they move on narratives. right? that's what fueled the tech thing to begin with. we haven't seen realized gains for the most part from what a.i. is going to deliver for these companies. but the narrative is that we will. and that's why we're willing to pay up in the future today for these earnings that are going to come down the road because of a.i. . >> yeah, i totally agree. that's what i'm saying. the only company that's realizing right now is nvidia. i don't know how salesforce monetizes a.i., except charge more for your product. i think there's so much hype around this. i don't think nvidia is going to disappoint. maybe the expectations are out

a name like an nvidia -- >> or broadcom. the sexy play in chips right now are not about these companies. >> right. if you were a portfolio manager and have to own semis, where is intel and texas instruments on your list? it's probably not. i would listen to stacy because i think he's thoughtful and does a great job in the space. >> the stock has had a reasonably good year. some of the other names are tied into other areas of the economy which are maybe more questionable that you have to think about. as i turn to you, align technology is on our list, because it's yours, initiated a buy. >> it can go to 550. this was 730 in september of 2021, it was a huge covid beneficiary. they make the clear liners, the braces that are clear, and people have been using them, adults primarily, and now into the teen market. >> can we see the chart? >> up 70% year to date. it went to 180 and we bought it when it was way down. so it's about a double from the bottom, but it has plenty of room to grow because the braces market is huge. and teenag

less than a minute to go you have trading ideas, saw broadcom, tesla, nvidia, applied materials.sla having a really good day today. tesla and apple really put a lot of pressure on technology, created a lot of angst. do you like tesla for a trade here or try to ride it higher? >> charles, i like these for trades right here because right now the nasdaq got a little bit oversold. the put/call ratio is a little high, everybody is short. we're seeing a short squeeze rip. these stocks are generally the best ones to have when the rip happens. these are short-term moves. traders have to be cautious. there is a lot of overhead resistance. we're going into weak seasonal time frame. stay on your toes. charles: what will you do between earnings season. what approach are you taking to this market? >> charles, i will look for some long-term buys. i think the market is pulling back and this is generally a good time to add long-term stock portfolio ex, things that have fallen over earnings. i look at the weekly, monthly chart patterns for nice buy spots. charles: the good news stocks got hit own

. >> and i own broadcom, it trades at 21 times. customized ai chips will go to 25% next year. that's pretty good growth, they're diversified. $9 billion buyback, $18 billion in free cash flow and, again, reasonable. lam, the equipment spend is bottoming. it's already troughed. lam already raise it had a little bit. >> it goes to my point a little bit maybe you're feeling in a good position because you're not going to be on the edge of your seat, so nervous, so to speak, about what nvidia delivers. now the market at large is going to be watching very closely because it probably matters more tomorrow than it does ordinarily, just given what the stock has done and where the nasdaq has gone. you don't have to be, you know, on every tick because it's not your name of choice. >> it will bring down all the semis, of course, if it's a bad report, or drag everything up. i want to buy more lam research after applied materials report last week was good on dram. i'm more comfortable on valuation. that's my mojo, my process. growth at a reasonable price. i have a technology stock i added a

jobless claims, core spending and chicago pmi we're on the lookout from earnings from chip maker broadcom, dell technologies and we were talking about it earlier in the show, lululemon boston fed president susan collins will be speaking in just a few hours at 9:00 a.m. eastern as well. >>> all right. markets are gearing up for the final trading day of the month we're looking at futures right now, dow off of its highs of this morning, but still up just around 100 points. the s&p fractionally higher, the nasdaq lower salesforce and its earnings beat accounting for nearly all the pre-market gains in the dow, as we mentioned, up 100 points. the major averages coming off of their fourth straight positive session yesterday, with the dow, the s&p, and the nasdaq now all on track to end the month down between 1.5 and 2.5% let's get more insight into the trading day ahead and what it could mean for the month of september with sylvia debalanceski, ceo, cio, and co-found of defiance etf sylvia, a lot of titles, great to have you here >> good morning, frank good to be here. >> what do you think right

so microsoft is an obvious name, oracle, broadcom.sses, and even like amazon we saw in a recent report the e-commerce -- was okay, cloud's still driving it, but it is slowing down across the board. so i think you want to be a little wit more defensive -- bit more defensive within technology. the selloffs are massively punishing. charles: mind-boggling. yeah. i've had at least half a dozen guests who come on in the last month or so and say they love -- [inaudible] and we were lucky we weren't in it at the time. i've got to talk about this, this kind of leads into your new etf, tglr. i'll say it again for folks on the radio, tglr. tell us about this new etf, nancy. >> oh, thank you, charles. well, so i've been managing dividend growth portfolios since mid 1980s using a valuation metric called relative dividend yield. and what's cool is it leads you into the fallen angel growth segment of dividend growers, and that's where you make all the money. so we decided that we wanted to be able to give access to clients that don't qualify for our

we still have a few names left to go -- broadcom will be reporting and this will be a read through howuch this is then a fitting from the ai buzz that we cannot get away from. jonathan: a busy day ahead going into the weekend. the chief investment strategist meant at oppenheimer joins us now. let's talk about why you are still so bullish. there is a feeling this week that bad news is somewhat good news. is there a tipping point when bad news becomes bad news? >> thanks for having me on the show. it's always great to be on surveillance. when we look at it, things continue to get better offsetting negativity. that's why bad news has been good news. we are seeing the economy is genuinely slowing some but it's not falling off a cliff. whether is the consumer or jobs, whether it's q2 earnings even though you had a drop in earnings on the s&p 500 last i looked at my bloomberg, -6% on the quarter. it's three sectors that have been negative in earnings growth and its energy, materials and health care. it's not tech or consumer discretionary. tom: you've been one of the great bulls, where are y

. >> broadcom. >> gpos, gb news, broadcom. >> gpos, gb news, broadcom. >> tuned. okay.t inflation how they inflation figures, how they affect or or. or or. or or . back. or or. or or. or or. back. >> the time is 741. we've been reacting this morning to the inflation figures , a 15 month inflation figures, a 15 month low, 6.8. and the prime minister in the last few moments has been reacting to that, saying the plan is working. he says as prime minister, i am determined to build a better economy and a better country for you, your children and your grandchildren . he says that starts with tackling inflation. and the news this morning shows that the plan is working . and he on to is working. and he goes on to say, we stick to the plan say, if we stick to the plan that i've set out, we will get it done. more reaction for you at the top of the hour on that. >> i'll tell you what, let's have more reaction now. >> then, seeing as we >> i'll go on then, seeing as we are going to go through the papers. >> scarlett mccgwire former labour adviser and also former chief secretary to

including abgo and broadcom. there's a better look at chips. >> and the techs out of bernstein.r gugg guggenheim. they look at u.s. inventory,run ing at highs of the year. they expect that to result in further price cuts, which they suggest would weigh on investor sentiment. tesla lower today. and nitsa, the highway traffic safety administration, asked for more information from the company about the so-called elon mode. are you familiar with this, david? >> a bit. >> it doesn't tap you on the shoulder to put your hands on the wheel. >> i tried myself elon mode. really. why not? tlst been focus on this. plenty of critics that say it's not primetime. and others debate the other side of it. we have to experience the view. autopilot. >> nowhere close. >> phil was interviewing this morning -- the gm effort, right? that's interesting, too, questioning them in terms of whether that's ready for primetime. >> there's a bunch of moving pieces. adam argued to buy gm in the face of the uaw talks. says the changes are in terms of operational efficiency. you're going to last a lot longer than

[ cheers and applause ] >> whether it's doeb, marvel, broadcom, they just want ai -- >> back to thatre broadening for a while. not anymore. >> let's get the opening bell here and the cnbc realtime exchange. at the big board insurance underwriter old republic celebrating its 100th anniversary, provider of architectural products and services celebrating its 40th listing anniversary. we're going to try to stay elevated above 4400, jim, where we were timed out of yesterday. >> one of the things that people talked about all morning really jabbers is about the s&p down grades. one i want to take issue with is key. the average deposits are basically unchanged from the fourth quarter of '22. the fourth quarter -- key is a very good bank, a great opportunity. i think the s&p downgrading the banks now is a little bit horse out of the barn. even though i can't just go by schwab and go buy huntington bank, i think these down grades are fabulous. >> are you cool with comerica? >> comerica wasn't that bad. it's been a trusted franchise for a very long time. when they downgraded, it makes you feel

side of things with some of the high flying chip stocks out there over the last week we've seen broadcomslowing can transfer into something more nefarious down the line. it remains to be seen. back over to you. >> thanks very much. >>> the hawkish comment from the fed chair at jackson hole on friday take a listen. >> we are prepared to raise rates further if appropriate and intend to hold policy at a restrictive level untiler with confident that inflation is moving down toward our objective. >> cleveland fed president mester speaking, saying beating inflation will probably require one more hike and holding for a while. joining us today former kansas city fed president esther george esther, great to have you. what a remarkable symposium over the weekend. great debate i wonder if you had a view on the chair's speech we heard optionality and balance a lot. i wonder if you thought it tipped one way or the other? >> good morning. i thought the chairman hit the tone and substance of the speech pretty much as he needed to and consistent with where that committee has been, and that is a very str

vmware got ftc approval of broadcom. that was somewhat unexpected.ad been some belief that they might try to step in there. ice-black knight. they did a divestiture, if you recall. that was able to get approval. l3harris-aerojet. >> that was amazing. >> assa-spectrum, you see. this is based on a bloomberg report from yesterday, but some viewers recall the doj and ftc said we're going to look at companies that merge into existing portfolio companies. we're going to look at antitrust concerns around that. i talked to bravo about that, and he had indicated at the time, when we spoke with milken, i think, that he was concerned in terms of what that might mean, but deal as well, apparently, at least according to the reports, going to be allowed to go through. all of this taking place, of course, since the ftc lost against microsoft. there's jonathan kanter. he looked at lina khan there. the two key antitrust enforcers. >> and you acknowledge they're two different strategies. >> they are. and jim, i do want to talk a bit more broadly about that, but i do w

on thursday reports from ubs, campbell's soup, lululemon, broadcom and dell.day jobless claims as well as personal income and spending data for july, and then friday the beg august employment report. >>> new comments from microsoft president and chairman brad smith on the decision to reopen its investigation into the acquisition of blizzard. smith says he is still holding out hope. >> i think hope is on the horizon. we have worked very hard most recently to address the concerns of the uk, the competition in markets authority. that's what led us to make a big decision a week ago to spin out the cloud game streaming rights to ubi soft an important french games publisher. we've prevailed in court in the united states. we've ensured that we continue to comply, even while we spin out these rights with our commitments in the european union. as the cma and the uk has said, there's no green light, but they will review our proposal. and i'm hopeful that by the middle of october we may just see this come together. >> okay. and another big story that we've been following