i'm carl quintanilla with jon fortt and deirdre bosa the second half playbook for tech stek tech and opportunities to watch for the last two quarters of the year the ceo of micron will sit down with us in a moment. and later, amazon takes on the ftc, the latest on that fight as big tech pushes back, d. >> and, carl we're also keeping an eye on those debuts that we brought you yesterday. didi clear, sentinel one, all showing two-day gains. legal zoom is going the other way for now this morning >> and the string of record highs to close out the first half of the year with the nasdaq nipping at the heels of the s&p on pace for its second best six months since the dotcom era. josh lipton is live from the nasdaq with the wrap on tech's first half >> let's start with faang. digging into the names there interesting moves. facebook and alphabet, for example, they are charging higher so far in 2021. different story, though, for apple. that was its worst first half since 2016 a nice month for the bulls there, popping 10% in june netflix, by the way, the worst of the pack so far this year as fo

i'm carl quintanilla with john fort and deirdre bosa.l street is bullish on apple as the stock hits another all-time high today. plus, cathie wood warns of a major megacap slow down and bails on chinese tech. facebook joining in with amazon asking the ftc chair to step away from its own anti-trust investigation. >> and meantime, carl, tech is firmly leading this rally. it was the only sector in the green yesterday and setting a new all-time high again this morning. semis boosting that action led by the likes of skyworks and qualcomm and we have some news out of microsoft more on that in a moment, jon. >> four bullish notes out on wall street. citi reiterates its buy rating jp morgan adds the stock to its focus list takes it up to 175 apple reportedly asking suppliers to build as many as 90 million next generation iphones which would be a 20% increase from the levels we saw in 2020 all this coming ahead of earnings and following a report that apple and goldman sachs are testing a buy now pay later service feature on apple pay and that cou

i'm jon fortt with carl quintanilla and deirdre bosa earnings season rolls on for big tech apple, alphabet and microsoft all reporting after the market closes today we'll have the key metrics to watch. tesla tops a billion in net income for the first time in 22. revenue up ten fold from last year more than a billion dollars worth of bitcoin still in the balance sheet. that should be profit. and cloudflare calls out amazon. we speak with the ceo matthew prince deirdre? >> we will start with the big week for big tech. we have been preparing for it, alphabet, apple, microsoft, reporting after the bell today together they have a combined market cap of nearly $6.5 trillion carl, perhaps not all that surprising that we are seeing some weakness among these names and the nasdaq at large as we head into these results. the megacap names have been rallying big on expectations, and, remember, last year at this time the economy was closed. so this is a low bar to clear and expectations have just been building and building over the last few weeks and months. >> it is true. you had a nice five-day swing

i'm carl quintanilla with david faber and leslie picker.re starting out q2 earning see. big cpi, leslie. >> a little there. three big movers we're watching, shares of pepsi popping, raising the four-year forecast to help fight increasing sales in nor america. conagra under pressure to spike the earnings beat. the food producer cutting the fiscal 2022 four-year forecast due to inflation shares down 4% and nokia surging after announcing an improved outlook for the year on july 29th when it reports q2 results. shares of nokia up more than 8%. >>> meantime, getting breaking cybernews. hi, eamon. >> good morning. carl, multiple cyber security experts are confirming to cnbc all known websites associated with the hacking group revil are in fact down this morning. now, these are sites maintained by the hacking group which has been linked to russia in the dark web they use these sites to communicate with their victims to publicize some of the material that they've stolen all of those now are down, we are today, by two high-ranking cyber security off

i'm carl quintanilla with jim cramer and david favor at the new york stock exchange. welcome to q3, futures begin the second half coming off five straight record s&p closes jobless claims a post-covid low, 364,000, ahead of the jobs number tomorrow. a road map begins with the record rally rolling into the second half. the s&p as we said, the second best first half since '98. plus, amazon versus lina khan. >> and china's warning for the world, president xi saying it will no longer be bullied and if anyone tries they will meet a great wall of steel. jim, though, lots of stats to kick around regarding the first half, dow up 12-7 for the year >> i thought it was interesting brian sullivan on "worldwide exchange" had an incredible chart. even though the market was up 15%, there are many years where it's been up much more, '43 it was up much more, '87 it was up much more in the first half. '87 i know didn't lead to the right conclusion what it said to me is don't think it's too high. it can go higher, and the makeup of how this got there, very exciting to me the industrials

i'm carl quintanilla with john fort and deirdre bosa.ok joining in with amazon asking the ftc chair to step away from its own anti-trust

i'm carl quintanilla with jim cramer at the new york stock exchange david faber has the morning off. futures are well off the early lows of the morning on this final week of july peak earnings season, fed meeting and a of course a lot more talk about disruption from the delta variant. tesla today other big tech like apple, alphabet, facebook and amazon also on tap the china crack kdown, beijing targeting both on tencents music licensing and the entire tutoring industry fueling further tensions between the world's top two economies. bitcoin hits its highest level in six weeks, amazon now reportedly considering accepting crypto payments. we are going to start with the china flurry of headlines, jim, whether we had a downgraded didi are from atlanta today just because the regulatory environment there is changing so quickly. >> it is amazing we all thought that perhaps what should happen is united states should block chinese companies from listing here, we shouldn't fund them that had been a big issue with the previous administration. turns out they don't want our money. it seems like th

i'm carl quintanilla with jim cr cramer, david faber. we're now about halfway through facebook qualcomm, paypal, comcast, ford all in focus today. of course the robinhood ipo and futures have held onto gains even as q2 gdp is a miss facebook and ford and qualcomm and our parent comcast reporting results, renewed corporate covid restrictions also in focus >> plus, we're going to talk about fraud charges, u.s. prosecutors charging nikola founder trevor milton. >> you had a great interchange with him initially >> carl. >> and robinhood set to make its public debut valued at 32 billion after pricing toward the bottom of the range, and that's where we're going to begin, jim. a lot of discussion about going to the bottom because they want this to work perhaps >> exactly but what i want to be sure of is that goldman understands that vlad is trying to do the right thing by people, and i point that out because there are a lot of disparate groups that are in the stock that he's giving to people, and i don't think goldman's all that sensitive one b

. >> and i'm carl quintanilla in for wilfred frost. >> housing stocks under pressure at june new home sales miss expectations and come in at the lowest monthly level since april of 2020. and tesla, we'll get earnings from that company after the bell. >>> coming up, bernstein ace toni sacconaghi is here, all bick-tech heavy weights, and he'll talk about what he's focused on >>> the ceo of intercontinental hotels will join us in a "closing bell" exclusive >>> mike santoli is tracking the market action. kate rooney has a closer look at what's driving this pop in bitcoin today. >> carl, market holding near the highs, pivot on balance. it's a familiar story, certainly not an all-inclusive rally, but plenty to get a new report also up pretty significantly, the u.s. open has been a pretty good bid for risk assets recently also, we've kind of put in the books year to date i would say the sixth significant pullback or single-digit percentage pullback and quick snap back to a new high only one of these you would say we rallied in new highs and never looked back. the others you have a revisit. a

street," coming up right now >>> good tuesday morning welcome to "squawk on the street" i'm carl quintanilla with jim cramer, dave faber at the new york stock exchange. big show ahead ceos of ge and raytheon tech, earning from the industrial sector like 3m and u.p.s. roll in apple, google microsoft on deck tonight. home prices bottom of your screen and futures off the early lows as the major indices are on a five-day win streak. road map begins with tesla the record quarter blowing past expectations elon muck says the chip supply chain challenges remain key to continue growth. >> keep an eye on big industrials. ge, a cash load target on a road to recovery. >> right >> that chinese stock, hong kong's hang seng falling more than 8%, in just a couple of days jim, got a lot of kindling to work with. >> do we ever. >> just talking about the tesla call with andrew you said it would be cue key toe print? >> in the end, targets were raised, people liked it. making a lot of cars and would have made -- this is kind of the takeaway-would have been able to sell a lot more cars had they had more availabi

i'm carl quintanilla along with jon fortt and deirdre bosa and julia boorstin interesting comments on ad market first a news update. >> hey there, carl what's happening at this hour. boeing leading dow industrials following strong results from defense units. the company shelving planes to cut about 10,000 jobs. instead the ceo says boeing is getting ready for rising demand. >> it was a great quarter. we are in a transition year. we've talked about that. this is indicative of that transition nowhere near where we want to be when we get a full rovy, but clearly on a good path to get there. >> and mcdonald's posting strong q2 results from a crispy chicken sandwich and growing digital sales. today mcdonald's is biggest loser in the dow fast-food giant noting higher wages and improved benefits. >>> the parent company of coach and kate spade raising minimum wage paying at least $15 per hour boosting retail jobs. >>> carl, the latest, back to you. >> thanks. >>> a gut check. this price will take you all the way back to january 12 lisa su join ed us earlier on those rates. >> a very strong de

i'm carl quintanilla with david faber.ell live at post nine at the new york stock exchange. morgan brennan is live from the site of that historic pace launch over the weekend. more in a moment and meantime the markets have turned early morning jitters about covid variants and slowing growth into green arrows it's flipped with the nasdaq which had premarket gains now down seven. >> and with us 30 minutes into the trading session here are three big movers that we're watching this morning. tencent music low they are morning as it becomes the latest facing a crackdown in china with reports it will be forced to give up exclusive rights to music labels by regulators that could happen fairly soon. and the banks, yields recovering a bit this morning we have got a slate of the biggest names that are going to be reporting earnings. you can see three of them right there. we will break down what to expect later this hour, kbw's tom michaud will be joining us and virgin galactic, shares higher after a successful test launch they are fa

resetting at the bottom of the hour i'm carl quintanilla with deirdre bosa and jon fortt let's get adate with rahel solomon. >> pfizer shares are on the rise, that's as the company seeks federal authorization for covid vaccine booster shots. pfizer and vaccine partner biontech say the risk of infection rises six months after vaccination. one saying countries should not order boosters and others saying they urgently need the vaccine. >>> stocks jumping 3%. both companies benefitting from upgrades by raymond james. the analyst behind the note saying the restaurant operators are out performing their peers and that there is good buying opportunities ahead of quarterly earnings. >>> crude oil trimming losses, still down on the day. you're newow up to date, carl bk to you. >>> over to julia with kevin mayer. >> thanks so much, carl. kevin mayer, former ceo of tiktok and long time executive at disney, thank you for joining us today there is so much to talk to you about this morning but i want to start with the headline about your former company, tiktok. this news that parent bytedance will

. >> and i'm carl quintanilla in for wilfred frost. >> housing stocks under pressure at june new home and come in at the lowest monthly level since april of 2020. and tesla, we'll get earnings from that company after the bell. >>

i'm carl quintanilla with jon fortt and deirdre bosa coming up, chinese stocks fall as officials impose sweeping recession lagss. sparing no sector of the market. plus, bitcoin briefly breaks 39k with help from amazon and robinhood on pace for the best day now since may. and tesla kicks off a big week of earnings for tech the chip shortage in focus while they prepare for production. >> welcome back. we start with the sell-off in chinese stocks the government crackdown on business now expanding to ed tech and food delivery the recent curves on ride sharing and music fintech and gaming, tal and new oriental education both down more than 10 10% today. after shifting to a not for profit business model. those are profitable models. such a move will shrink the market by 76%, regulators also saying there that online food platforms must pay workers at least the minimum local wage shares of meituan did not take the news very well and ride sharing company didi, take a look, keeps getting clobbered, down more than 40% since its u.s. debut on june 30th this morning atlantic equities downgrades the

i'm carl quintanilla with jon fortt, deirdre bosa and julia boorstin the fragility of the tech rally. is a reset coming ahead of earnings apple is eating everyone's lunch, legendary venture capitalist vinod khosla will weigh in netflix won't chill, planning an expansion into video games, d. >> we'll start on markets. tech stocks continue to print record highs, but some are calling this a fragile bull market let's bring in mark santoli for more right as we're heading into earnings, some are arguing these stocks are priced for perfection and there is risk in that. >> you know, i think it depends where you want to look in terms of whether we're talking the very largest nasdaq stocks, which have had this great run and have carried the market for several weeks right now in which you have to say, yes, they look like they have kind of rebuilt that big valuation premium but they're not where they were late last summer in terms of dominating the overall market move and being aggressively values, even relative to the earnings contribution. so case by case the setup might be difficult because th

. >>> good thursday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer, david faber markets will get another chance to react to fed chair powell when he appears before senate banking in about a half an hour. jobless claims at a new post-covid low cathie wood agreeing with fed chair powell that the surge in prices will be temporary why she says we are in a, quote, risk-off period. >>> plus, why gm is issuing an important warning for some chevy bolt owners. don't charge it unattended don't park it inside, it could cash fire. >>> and mark wahlberg's backed fitness chain set to debut at the nyc, don't miss the interview with adam gilchrist and mark wahlberg himself. inflation, why purchasing mbs isn't affecting housing pricing or demand, what'd you think? >> well, i go with what charlie scharf said, which is the ceo of wells fargo, red hot housing market he said listen, we're at the peak in used cars. that's because the last month was down 1.3 that jives very well with this early morning conference call are from taiwan semi, which is now committing a great de

i'm jon fortt with carl quintanilla and deirdre bosa we're live outside the courthouse as elon musk's second day of testimony begins. tesla coming off a big day for the stock. and later president biden beefs up his security staff. we'll talk about the investment pieces for companies in the space. >>> we're watching the banks, both goldman sachs and jpmorgan kicking off earnings season with strong results, both stocks are currently in the red this morning. we're going to talk about methods in which the banks will try to get more competitive. >> yeah, and despite both of them beating expectations, but the question is that where the real growth is fintech is becoming a bigger and bigger threat to the big banks with public companies like square and pay pal rivalling or beating in terms of market caps. jpmorgan is trying to stave off rivals by investing with three acquisitions since december including esg platform open invest two weeks ago jamie dimon pushed for more regulation for the companies he also tried to share some optimism on today's earnings call saying while the competition is v

i'm deirdre bosa with carl quintanilla, jon fortt and julia boorstin this hour, robinhood goes public we're live at the nasdaq with every angle on that ipo. latest indications there, 39.25, priced at 38 bucks early investor jason calicanis weighs in. and scott sandell joins us as well and comcast chairman and ceo brian roberts is here as is qualcomm's ceo cristiano amon. and we'll talk about the fraud charges against ceo trevor milton facebook, didi, amazon, in what is an absolutely packed hour, jon. i don't know hour we're going to get through it all it will be fast, it will be quick, but there will be a lot to get through >> yes, we will get it all done, robinhood, though, is where we will start leslie picker is at the nasdaq with the latest there. leslie >> we're starting to get some indications coming in, still $39.25 at this point in time that implies about a 3% gain from where the company priced its shares last night at $38 a piece. it is something that we will be watching closely today because as the indications have been coming in, they have trended downward, first one came in

i'm carl quintanilla with morgan brennan at the new york stock exchange david faber is with us remotely and cramer has the day off futures a little weak here not just on amazon's revenue, but warnings about higher costs. inflation data was cooler than expected road map begins with amazon's pandemic effect. shares are down sharply ahead of the open >> plus, more companies are delaying return to work plans amid renewed fears of the covid virus. we're going to break down the implications of the future of the office with the ceo of one of the largest commercial real estate firms. >>> and scarlett johansson versus disney. suing over potentially lost earnings because of its streaming release strategy disney saying it has no merit. >>> we'll start with amazon, going to be a huge story not just for the company and the price action but the overall indices. we've been talking about some of the stellar revenue prints from the mega cap tech companies. and 27 still gets your attention, $100 billion quarter for the third time in a row, but these warnings about slow downs is definitely going to be see

i'm carl quintanilla with morgan brennan at the new york stock exchange david faber is with us remotely

i'm carl quintanilla with jim cr cramer, david faber. a apple, alpha, mcdonald's, pfizer, we've got the ceos of boeing, amc and starbucks this hour we're going to get to all of that ahead of the fed decision a global chip shortage, how that might impact future operations, jim, along with this notion from cook that covid recovery at least globally is going to be an uneven path. >> i think that to not say that would be irresponsible when the cdc has made me feel like -- this n95, i'm not going to fool around with anything else because the cdc aso what's he spe supposed to do as far as the chip shortage, not all fabs are equal there will be some fabs that don't want to lose apple's business in the same way that skyworks su isn't suddenly going to say apple you're out i'm not as bearish on the chip shortage guys are working around the clock to be able to create the full-featured chip it's no longer the dumb chip it's full featured david, i think that when you listen to amd, lisa su. >> who we'll have on shortly. >> exactly there are just --

i'm carl quintanilla with jim cr cramer, david faber.res have held onto gains even as q2 gdp is a miss facebook and ford and qualcomm and our parent comcast reporting results, renewed corporate covid restrictions also

. >>> good thursday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer,s before senate banking in about a half an hour. jobless claims at a new post-covid low cathie wood agreeing with fed chair powell that the surge in prices will be temporary why she says we are in a, quote,

i'm carl quintanilla with jim cramer and david favor at the new york stock exchange.ovid low, 364,000, ahead of the jobs number tomorrow. a road map begins with the record rally rolling into the second half. the s&p as we said, the second best first half since '98.

i'm carl quintanilla with jim cr cramer, david faber.

i'm carl quintanilla with jim cramer, david faber at the new york stock exchange.y says substantial further progress is still a ways off lots of earnings from the banks, apple is poised for a record high our road map begins with inflation nation powell preparing to testify before congress says inflation has increased notably. we'll tell you what you can expect to hear. >>> plus, the big banks report earnings we're going gto giv

i'm i'm carl quintanilla futures are mixed with more worries about global growth.th china's crackdown continues. bite dance shelves its ipo, didi removes additional apps and now a report that tencent is being ordered to give up its music label exclusivity. >> one small s

i'm carl quintanilla with jim cramer and david faber at the new york stock market.

street," coming up right now >>> good tuesday morning welcome to "squawk on the street" i'm carl quintanillat. home prices bottom of your screen and futures off the early lows as the major indices are on a five-day win streak. road map begins with tesla the record quarter blowing past expectations