jack: if they can borrow money for less taken by things like m&a, charles schwab was a bit of a rainn the horizon, what was going on that was way down let me check 60%. >> it did not have a good week but what are the situations where charles schwab has been reach willing to look like a bank and unfortunately some of that has not panned out for charles schwab we see lingering issues with cash and cash deposits being down in the ceo said we might revisit some of this. i think what they're trying to do is keep a little bit of head and they do have a decent evaluations and a little bit in the bar higher than the traditional bank stock there's an idea that they need to pull back on the bank and refocus to make sure the evaluation stays solid. jack: a tough week for chip stocks in taiwan semiconductor interesting thing were president trump gave an interview and he suggested the u.s. does not have an obligation to defend taiwan, the stock got hammered. >> you talk about the rotation, there's always a catalyst, the sounding week on taiwan was the bomb that went off, the taiwan semi is a tree

he's the co-chair and ceo of charles schwab corp. to get a better read on what's going on here mr. bettinger, welcome back to "mad money." >> jim, thanks for having me on today. really appreciate it. >> of course now, first of all, we want to dispel the really bad thing. there are a lot of people who told me ohmy god it's a mini banking crisis again with schwab, they're worried about deposit balances, they're fleeing. just put something in context about last year versus this year, please >> yeah, the situations couldn't be any different the circumstance with our stock decline in the last few days has nothing to do whatsoever with regional banking-related issues of a year plus ago we have put that in the rearview mirror, and i just -- i shake my head i have to admit i've shaken my head and done some double takes multiple times the last few days as i've read some of the articles and seen some of the headlines, jim >> well, i don't blame you there's one that came out this afternoon. at 2:53 p.m. in "barron's. i've read "barron's" since i was a little boy schwab shortchanged clients ca

that is the conclusion of the lightning round. >> the lightning round is sponsored by charles schwab.ramer is doing a deep dive into the region, next. ♪♪ go deeper with thinkorswim: our award-wining trading platforms ♪♪ unlock support from the schwab trade desk— our team of passionate traders who live and breathe trading. ♪♪ and sharpen your skills with an immersive online education crafted just for traders. ♪♪ all so you can trade brilliantly. ♪♪ is it me... or is work not working? at least, not the way it could work. your people are buried in busy work. and you might be thinking... can ai make it all work? it can. on the servicenow platform, ai transforms your entire business. your people work better, your customers are happier, and todd... well... he's practically euphoric. practically. so, let's get to work. (♪♪) >>> if you own stock in a company that has expanded into china, it is being killed right now. i don't see it getting any better. we don't seem to want to acknowledge the seachange. we know there are pernicious forces with the multiple contraction right when the rate cut i

. >>> "lightning round" is sponsored by charles schwab, trade brilliantly. >>> it is time!stock, i say buy, buy, buy, play this sound -- [ buzzer ] >> and then the "lightning round" is over. are you ready, skee-daddy? time for the "lightning round." cramer starts with phillip in north carolina, phillip? >> caller: jim, first things first, how you doing today? >> an excellent day, thank you. how about you? >> caller: i've been thinking down here fair to middling, jim. >> fair to middling. all right. >> caller: that's a thing they say down here in the south. >> i got you. >> caller: okay. so this stock, i own for about three months, okay. >> okay. >> caller: i'm about 80 points on it. >> all right. >> not bad. >> caller: a very small part of my portfolio. and i want to do a against what you preach, and that's the bulls make money that thing. i want to keep all 70 shares that i have. >> okay, okay. >> caller: about this stock. >> what stock is it? >> caller: oh, i didn't tell you. i'm sorry. a-net. >> you know what? go for it. an amazing business person, and i think it's a fan

general dynamics and and charles schwab. we'll see how they do. thanks so much, luke. opening bell will ring in about 202 seconds. the -- 20 seconds. the the backdrop to today's market is huge selloff, especially on the nasdaq yesterday. what happens to that index today, and a 2.8% gain for second quarter gdp. stronger than expected. a stronger economy than had been expected and certainly stronger than the first quarter. here we go. three seconds to go, i think that young man is going to press the button or his dad will, one of the two. there you go -- [laughter] they're enjoying themselves. the market is open. and we've opened on the upside for the dow industrials right there. have we? contradiction right there. let's see -- lauren: let it settle a bit. stuart: we're down about 2020 points. not much of a change right there, but there are some winners among the dow 30. s&p 500, where that's that this morning? ever so slightly higher. flat to slightly higher, i'll call it that. and the nasdaq composite, that's coming off a whopping loss yesterday, nearly .13%. that ain'

. >>> "lightning round" is sponsored by charles schwab. trade brilliantly. ♪ >>> it is time!htning round." saying this, buy buy, buy, buy, sell, sell, sell, you play this sound -- [ buzzer ] -- and then the "lightning round" is over. are you ready, skee-daddy? time for the "lightning round." sam in massachusetts, sam? >> caller: jim, we have a stock on 80% on 2021, and that's illumina. >> no, no, lumina. i like danaher. i did sell danaher after a huge battle, but it's a much better company than lumina. let's go to jim in kentucky, jimmy? >> caller: jimmy, happy boo-yah to you. >> oh, man, what's happening? >> caller: with the recent pullback in bank of america, what would be a good entry point? >> right here. buy some right here. buy some maybe if it breaks 40. this company is selling very inexpensively, and it's a good one. let's go to anne in indiana. anne? anne? >> caller: hello? yep, i'm here. >> what's going on? go ahead. >> caller: i just feel like an idiot. constellation energy, buy more, hold it? >> look, this is a solar play that is a very good company. it's up a hug

let's bring in charles schwab's joe mazzulla to discuss. welcome, joe. good to have you with us.nvestors are looking for more volatility in july. it certainly has not, apparently, as you report, affected their appetite for equities. they're still buyers. >> yeah, it's an important point. and we're going to look at this from two different lenses. the behavioral and the attitudinal. the schwab trading activity index report that you're mentioning, that's behavioral. basically, you saw a lot of buying activity in june. a lot of it was concentrated in some of the a.i.-themed names that you guys were just mentioning. a lot of it, tech heavy. interestingly enough, tyler is that when they talk about the volatility, there's concern around some of the valuations in a.i. moving forward into july, and so, what we're hearing from our clients is that they're going to stay long. they're definitely more bullish than bearish, but they're moving a little bit more towards a neutral stance, and i think that makes sense. not just from a valuation standpoint but just from some of the other activity we

shares of charles schwab tumbling for a second straight day after the stock was downgraded on the back of yesterday's earnings. the stock down nearly 16% this week. analysts pointing to what they call poor execution in earnings power, as reasons for the downgrade. schwab yesterday reported a drop in interest income and a decline in profit. shares now trading near their lowest levels of the year. karen? what do you make of this drop? >> well, i think -- i don't want to say it's overdone, but i think it's a pretty -- pretty big reaction to -- it's not a great problem, though, that's the thing. they're going to sort of shrink their way out of it by getting deposits off balance sheet. i never love shrink their way out of anything. maybe it's the right thing to do here. >> what's so funny? >> i don't know. >> you guys are snickering. as soon as she said shrink. >> why did you say you guys? >> i love it when the -- you shrink your way out of it and you laughed. >> never a strategy, by the way. >> the point about -- >> it's not a growth strategy. >> two things. her point about shrinking is th

. >> the website downdetector dot com showing disruptions to td bank charles schwab. visa. bank of america x box. chase, atp. and even starbucks crowdstrike says this was not a security incident or cyber attack. the issue affected windows-based machines, not mac or linux and there is a fix, but it's not necessarily easy. it departments around the world now scrambling to clean up the mess, which in many cases involves getting hands-on with computers. no easy feat in today's world of distributed machines and remote computing it. workers prepare for a long weekend. the good news here is that the issue doesn't affect many personal computers running windows and one officer macean here. our world is more connected than ever. so problems that were once local now go global companies are operating worldwide. so when something breaks, it affects a much wider swath. >> all right. that was rich demuro reporting for us tonight. and fortunately, our weather computers are doing just fine. no technology glitches here. >> is a hot day in the bay area. really hot if you're inland. this is th

have a great year many stocks have experienced their own little bear markets, joining me now charles schwabstrategist liz and sanders. great to see you again. >> nice to see you let's start with the cpi data on thursday the fed might be dancing the jig east of the numbers, what was most interesting to you. >> it was across-the-board a better report and the headline was better-than-expected, the core food and energy was better-than-expected, most of the component parts in particular the rent ended imputed version of that owners of equivalent rent have start to come down and it's the stickier area, it's pretty much across the board and on the same day we got better-than-expected unemployment readings too, that brings both of the fed mandate of the dual mandate into sharper focus, it was a goldilocks kind of day. jack: in response in investors bid up stocks including small caps and others that were doing well is the time to jump into the area. >> i think you have to stay up in quality and the reaction day to the better cpi report everything to have a been working work that day and a little bit

. >> the website downdetector dot com showing disruptions to td bank charles schwab. visa.k of america x box. chase, atp. and even starbucks crowdstrike says this was not a security incident or cyber attack. the issue affected windows-based machines, not mac or linux and there is a fix, but it's not necessarily easy. crowdstrike ceo spoke about the complexity of the problem on nbc's today show. well, you, when you look at software, it is a is a very complex world. and there's a lot of interactions and i'm always staying ahead of the adversary is is you know, a tall task. so >> the sort of obviously, you know, you try to understand and mitigate them. >> in some you have weird interaction and didn't seem like it happened every window system. there's different versions and flavors a patch levels, if you will. and we're just trying to sort out where the that negative interaction again, that's what we're focused on, back up and running. >> it departments around the world now scrambling to clean up the mess, which in many cases involves getting hands-on with computers. no easy fe

stuart: charles schwab is down. lauren: 7% fell by 17%.t since the start of the pandemic. stuart: sketchers. lauren: sketchers are the third-biggest, illegally copies its shoes, specifically the freeport casual shoe. it is two patents. stuart: it is a big deal, day 2 of the republican convention, make america safe once again. it is all about crime and immigration. >> today's theme is hard to beat. when donald trump came to the floor he got the crowd very riled up. it was electric, take a listen. [crowd chanting] >> reporter: tonight's headline speaker is nikki haley who was invited by the trump team. it was a brutal primary season, they were constantly attacking each other, he called her birdbrain, she stayed in the race so long, we were in the room with her when she dropped out of the race in march. she didn't endorse him at the time, told trump to earn the support of voters, she released her delegates telling them to vote for him. a possible sign they are burying the hatchet. eric trump said it's a sign the party is coming together. >> i

. >> lightning round is sponsored by charles schwab. >> coming up, give the people what they want, cramersons from chipotle and more. next. business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning. it's the go-tos that keep us going. the places we cheer. trust. hang out. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. powering more businesses than anyone. powering possibilities. this is clem. clem's not a morning person. or a night person. or a...people person. but he is an "i can solve this in 4 different ways" person. and that person... is impossible to replace. you need clem. clem needs benefits. work with principal so we can help you help clem with a retirement and benefits plan that's right for him. let our expertise round out yours. >> sometimes it is about the why, as and why the heck is the stock going down? there is a beaver around chipotle fever this is raising price and shrinking portion size. here is what the ceo ad to say . >> we've alway

>>the website downdetector dot com showing disruptions to td bank charles schwab. visa.ank of america x box. chase, atp. and even starbucks crowdstrike says this was not a security incident or cyber attack. the issue affected windows-based machines, not mac or linux and there is a fix, but it's not necessarily easy. crowdstrike ceo spoke about the complexity of the problem on nbc's today show. well you, when you look at software, it is a is a very complex world. and there's a lot of interactions and i'm always staying ahead of the adversaries is you know, a tall task. so >>the sort of obviously, you know, you try to understand and mitigate them. >>in some you have weird interaction and didn't seem like it happened every window system. there's different versions and flavors patch levels, if you will. and we're just trying to sort out where the that negative interaction again, that's what we're focused on, back up and running. >>it departments around the world now scrambling to clean up the mess, which in many cases involves getting hands-on with computers. no easy feat in

jonathan: collin martin with charles schwab.t in four years. both of them contracting. unemployment rate above 4% for the first time since 2021. april, may, payrolls lower that combined 111,000. lisa: yes, i worried, but i do not need more reasons to worry i hope this economy does not roll over in some sort of serious -- some sort of serious recession. our do not want to see it tested whether the fed has all the munition -- ammunition it needs for it i want to put that on the record. jonathan: no one things it is a goal of yours to have a recession. but it is a fear of yours. lisa: a constant fear. jonathan: feel better? good. third hour up next. ♪ say aloha to olukai golf. waterproof leather. breathable fabrics. spikeless traction. the most comfortable golf shoe in the game. grab your pair today at olukai.com. want to save on some of the biggest names in streaming on the network made for streaming? x marks the spot. now you can add the new xfinity streamsaver™ that includes netflix, peacock, and apple tv+. that's xfinity stream

piper sandler is cutting charles schwab.e the balance sheet could be a positive in the long run, but likely weigh on the stock for the next several quarters. go guggenheim is upgrading akamai to a buy as it shifts to cloud and cybersecurity. and deutsche bank is upgrading 3m. it was impressed from the first interaction with the ceo and sees potential to deliver mid 20 operating margin compared to the p peer companies. >>> time for the global briefing. shares of eisai sink. the eu says there are too many safety concerns associated with the therapy including swelling and potential bleeding in the brain. eli lilly was granted approval for the second alzheimer's drug this month. shares of heineken profits grow. the dutch brewer is raising the profit target for the year with the 6% increase in revenue. heineken will invest in sales goes forward especially in the key markets. shares of philips rising in the second quarter. cost savings from job cuts helped drive the profitability and income liability claims tied to a recall produc

. >> the lightning round is sponsored by charles schwab. coming up, tesla for the long- term? their bankable ceo is himself a reason to believe. >> last night, i was reading through this tesla conference call for the second time because it is me. and my wife said i found down. i admit i was bumped. what did he do this time, she said thinking it was something political. i said, he did not do anything. no matter how hard i worked, no matter how hard i studied, i can never even be as smart as this guy. even watching tesla fall to percent today, it is impossible not to appreciate. it is the only way to understand what tesla has got going for him. the auto business, the plain old tesla, it disappointed people. they are not selling as many cars as people thought. no two-minute battery charge. no engine that can give you 600 miles per charge. it would not surprise me if musk actually cracked the code for both. instead he is talking with the most advanced humanoid robots on earth. we see out of everything else tesla has done, it awards trillions. you have got to wonder how much of tha

. >> the lightning round is sponsored by charles schwab. >>> coming up, and video leading the semi stocksving all those gains, and can they continue? (vo) with fargo, the new virtual assistant from wells fargo, you can pick up the tab even when you forget your wallet. (kaz) i got this. (ben) fargo, send kaz $145 dollars with zelle®. (kaz) smooth. (vo) want faster, easier banking? you can, with wells fargo. what else can fargo do? (woman) oh, come on! come on! (vo) fargo lets you do this: (woman) fargo, turn off my debit card! i found it! i found my card! (vo) and also, this: (woman) fargo, turn on my debit card! (vo) do you fargo? you can, with wells fargo. >>> it is hard to analyze this whole generative a.i. thing because it is not obvious what anyone is doing with it. that leaves you to one of the whole thing is a bubble or maybe even a scam? put a man on the moon or allow us to have a foolproof self driving car? who the heck needs it? maybe it is just a gigantic waste of money. now, i think that is very wrong but we have had a few conclusions to the corrupted. seem to be on a mission t

. >> the lightning round is sponsored by charles schwab. coming up, don't touch that dial.market you won't want to miss next. [busy hospital background sounds] this healthcare network uses crowdstrike to defend against cyber attacks and protect patient information. but what if they didn't? [ominous background sounds] this is what it feels like when cyber criminals breach your network. don't risk the health of your business. crowdstrike. we stop breaches. (♪♪) (♪♪) sandals rhythm and blues caribbean sale is now on. visit sandals.com or call 1-800-sandals. with fidelity income planning, a dedicated advisor can help you grow and protect your wealth. they'll help you create a flexible strategy designed to balance growth and guaranteed income so you can enjoy the life you've created. that's the planning effect. >>> when a stock declines nearly 28% in a single session, you have the to take notice. when it at company like helen of troy with its shirt brands, kitchen products, appliances and osprey outdoor gear you know there is something very, very wrong. i want to put aside the c

. >> the lightning round is sponsored by charles schwab. >>> coming up, field of streams?of their own. next. ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. ♪♪ go deeper with thinkorswim: our award-wining trading platforms ♪♪ unlock support from the schwab trade desk— our team of passionate traders who live and breathe trading. ♪♪ and sharpen your skills with an immersive online education crafted just for traders. ♪♪ all so you can trade brilliantly. ♪♪ this is clem. clem's not a morning person. or a night person. or a...people person. but he is an "i can solve this in 4 different ways" person. and that person... is impossible to replace. you need clem. clem needs benefits. work with principal so we can help you help clem with a retirement and benefits plan that's right for him. let our expertise round out yours. with absorbine pro, pain won't hold you back tfrom your passions.. it's the only solution with two max-strength anesthetics to deliver the strongest numbing pain relief available. so, do your thing like a pro, p

on the neglative side, charles schwab shares are down 9%. "power lunch" will be right back. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ [crowd chanting] they ignored your potential, and mocked your ambition. but it's not the critic who counts. with every swing and block, your game plan never changed. ♪♪ some still call it luck. let them. because you know what it's always been. inevitable. ♪♪ ♪♪ >>> welcome back to "power lunch." it's an unlikely match-up, trump's running made jd vance agrees with the high-profile biden regulator, lina khan, saying earlier this year she's doing, quote, a pretty good job on tech antitrust. td cowen noted the veep hopeful express -- saying vance could have a major impact on regulation especially given his time at the firm in 2010. let's bring in paul galante. it's great to have you here. we've been doing a little bit of going back in the history books. the biden administration, other than the at&t deal -- anyway. there was not much they were trying to stop. do we really think a new administration would be more proactive, more like lina kh

. >> the website downdetector dot com showing disruptions to td bank charles schwab. visa.bank of america x box. chase, atp. and even starbucks crowdstrike says this was not a security incident or cyberattack. the issue affected windows-based machines. not mackerel, linux. and there is a fix, but it's not necessarily easy. crowdstrike ceo spoke about the complexity of the problem on nbc's today show. well, you, when you look at software, it is a is a very complex world. and there's a lot of interactions and i'm always staying ahead of the adversary is is you know, a tall task. so >> the sort of obviously, you know, you try to understand and mitigate them. >> in some you have weird interaction and didn't seem like it happened every window system. there's different versions and flavors a patch levels, if you will. and we're just trying to sort out where the that negative interaction again, that's what we're focused on, giving customers back up and running. >> it departments around the world now scrambling to clean up the mess, which in many cases involves getting hands-on wit

governments forgiving student loans and this is a big thing with a bank or think of it as e trader or charles schwabation and a lot of upside in the stock and they've bought it recently. stuart: going up today and we're talking united healthcare and it's at 545. >> i do like it. the highest it's been is about 15 points higher than where it is right now, when's the last time your health insurance premiums got cut? probably never. these guys keep delivering and they keep increasing earnings and great earnings report this morning and stock continues to react. i'd say this is potential stock split and keep an eye on him. their business is humming. stuart: good stocks help. seems to help. stuart: jd vance is trump's running mate. alexis is in milwaukee. what's the reaction to trump's pick? reporter: hey, stuart, people we talk to before this came out and they liked jd vance specifically because he's from the midwest and jd vance with the first term in the senate and he could be on the path to the white house and trump picked him as his vice president and president trump got 20 minutes before this and tru

charles schwab. i mean, come on.r reminder that money, obviously, doesn't fix anything. it fixes many things, but you have to know how to use it, don't you? yeah. what somehow -- newsom is doing now, he could have done it in in and saved his state a lot of money. joining me now, republican congressman ben kline from the house judiciary committee. congressman, this is what liberals do. it's hike monopoly money. it's like throwing money at things. it's going to save, it's going the save it, but we have a history of humanity where that a doesn't work, where you've got to have good ideas, you've got to be spending the money properly. i don't mind taxes and spending money but, my goodness, as we've seen, the government just uses it like water. >> the lakals -- liberals have run california into the ground. they've run up record debt and deficits for this country totaling $34 trillion. and every year we're now running a trillion dollar deficit. adding to that debt. it's impounding on our children and grandchildren. it's goi

check out charles schwab moving lower.ow expectations, down 9% now. having their worst day sense march of 2023. coming up, can tech keep taking the market to new highs? we'll ask the manager behind this five-star rated fund on microsoft, alphabet, meta and apple. we're back after this. energy fuels, a leading american uranium producer, is ramping up production to supply expanding nuclear markets and diversifying into rare earth elements, key ingredients in many clean energy and defense technologies. energy fuels. investment professionals know the importance of keeping their clients on track. sometimes they need help cutting through the noise, to ensure fresh investment ideas keep flowing, and to analyze the market from every angle. at allspring, we deliver the unexpected, by relentlessly exploring where others don't. allspring, follow the insight. welcome to the now way to network... they switched to juniper's ai-native network. now everyone's so productive, they're operating at a higher gear... now their network is self-c

. ♪ >> announcer: sponsored by charles schwab own your tomorrowient . >> the secret service has a newdirector following the resignation of kimberly cheadle. take the helm of the agency as they come under fire in the centre's plan to grill him tuesday in a joint healing on capitol hill after the assassination attempt on form president trump and in a moment the bringing in the public senator and first the white house were fox correspondence lukas tomlinson has the latest on the efforts to try and get answers about this massive security breakdown. hello lucas! >> hello shannon. the city secret service was shortstaffed and unable to communicate with local law enforcement. >> the secret service failed. the fact that the agr building which was a hundred and 30 yards away was left unsecured, they also didn't have a counter surveillance team. >> reporter: seat -- they say that the secret service team would have likely discovered 20-year-old thomas crookes after he was identified by the local law enforcement as looking suspicious. trump says he was not were before taking the stage. a former se

>>> the lightning round is sponsored by -- charles schwab. this healthcare network uses crowdstrike to defend against cyber attacks and protect patient information. but what if they didn't? [ominous background sounds] this is what it feels like when cyber criminals breach your network. don't risk the health of your business. crowdstrike. we stop breaches. >>> something is very out of whack here. you are just going through the most difficult strenuous cycle in the history of the fern and what do we have? how about bank after bank today noting that credit defaults are either low or totally under control? how about commercial real estate actually beginning to attract investments in some cities and how about the stock market hitting record high after record high after record high? so what's with the incredible sense of gloom that seems to surround everyone i meet? how can the negativity and pessimism be so thick you can cut it with a knife? collision of two worlds, one lacking in hope and the other so hopeful it truly feels the like the old good

among the businesses moving out of california are some pretty big names, neutrogena, charles schwab,y, elon elon musk's tesla, spacex and x. musk announced he would move tesla's headquarters to austin, texas, and then this month if he announced that spacex will be moving from hawthorne, california, to star base, texas, and the headquarters of social media platform x from san francisco to austin. musk said the most recent moves have been in response to california's new law barring schools from requiring staff to notify parents of a student's gender identification change. property costs, high crime and a recent increase in the state's minimum wage are also reasons for leaving. we spoke to the owner of bulletproof pet products based in the bay area. she told us that expenses over the past several years have been skyrocketing, driving up company debt and forcing them to raise prices. it's now got them considering a move out of california. >> i feel like i'm in this hole, and the only way that i'm going to get out of this hole is to move, you know? and if that's hard because i've lived he

. >>> the lightning round is sponsored by charles schwab. >>> the only thing sparking the love for therise hardware. they have had positive moves over tech. but microsoft has been seeing semi conductor devices. and hey keep losing in the upbeat session. but on full display in the middle of the night when taiwan semi reported the sales growth in the month of june, far better than the loftiest estimates. given the manufacturer of both nvidia and apple chips, not to mention the semis for broadcom, amd, and many others. but the pin action was just incredible. and rallied another 2.2%. i know i sound like a broken record, but these companies are all part of nvidia's jensen huang calls a new revolution. chips made at taiwan semi are a part of the march of accelerated computing and generative artificial intelligence. hardware is an incentive like i've never seen. maybe in the 90s. when you consider the size of these companies, the multi- trillion dollar capitalization, it's remarkable. it keeps widening. this morning intuit, a financial service company that i like very much announced layoffs

[ buzzer ] >> the "lightning round" is sponsored by charles schwab. >>> is coming up, is jay powell close fed chief is well equipped for a stroll down capitol hill. stick with cramer. >>> boo-yah, jim. your integrity makes you the boo-yah saint of wall street. >> boo-yah, jimmy chill! >> boo-yah, jimmy chill. >> ba-ba-ba-boo-yah, jim. >> quadruple, that's a lot of boo-yahs. ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. ♪♪ go deeper with thinkorswim: our award-wining trading platforms ♪♪ unlock support from the schwab trade desk— our team of passionate traders who live and breathe trading. ♪♪ and sharpen your skills with an immersive online education crafted just for traders. ♪♪ all so you can trade brilliantly. ♪♪ so this is pickleball? it's basically tennis for babies, but for adults. it should be called wiffle tennis. pickle! yeah, aw! whoo! ♪♪ these guys are intense. we got nothing to worry about. with e*trade from morgan stanley, we're ready for whatever gets served up. dude, you gotta work on your trash talk. i'd rather work on s

. >> mike, we'll start with charles schwab.ershadowing the brokerage's earnings beat, the stock down 10%, and turning to semiconductor stocks. cantor fitzgerald writing ai lerjd names the most attractive names to own, long nvidia, marvel's, analysts citing a longer cyclical recovery in servers. this as we await nvidia supplier asml to report earnings tonight. that stock is trading in record high territory. up 50% so far this year, mike. >> that one will be in the middle of the night in europe. thank you very much. >> exactly. >> all right. still ahead, your earnings setup. quarterly results from interactive brokers hitting the tape in overtime. we'll bring you a run down of what to watch ahead of those numbers. as we head to a break keeping an eye on gold. it is hitting record closing high today. now up nearly 20% this year. lots of expectations of fed rate cuts, who knows about policy flux at 2471 an ounce. "closing bell" is back after this. (vo) what does it mean to be rich? maybe rich is less about reaching a magic number...

>> announcer: the "lightning round" is sponsored by charles schwab.rd lost its way. cramer is devastated in dearborn. next. business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning. it's the go-tos that keep us going. the places we cheer. trust. hang out. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. powering more businesses than anyone. powering possibilities. >>> this business is not about making friends. it's about making money. that's how i feel about the disaster that is ford motor company i've championed for ages. i'll be the first to admit i got it wrong. i kept thinking this was a new ford, one that had put its warranty issues behind it. a ford that could finally make money on every vehicle they manufacture. and what's happened? as of last night it's clear that the warranty issues are very much a thing of the present, not the past. still a major problem. ford is not making money on every vehicle either.

watch the financials, bank of america, morgan stanley, charles schwab on the move after results.be with us later on this show to break down the numbers and what it says about the environment. >> busy morning with retail sales and business investors. let's get to rick santelli. hey, rick. >> good morning, carl. business investors for the month of may, expected to be up 0.5% delivered. up 0.5%. what's unique here is that's the biggest build in business inventories going back to august of '22 nearly two years. yields have moved up since the stronger than expected retail sales and revises. we have another number out july read on national association of home builders market. for that we will head east to diana olick. >> rick, home builder sentiment dropped one point to 42 in july. that's a miss. the street was looking for a one-point gain. anything below 50 is considered negative sentiment. this is the lowest reading since december of last year. of the indexes three components, current sales conditions fell 1 point from june to 47, buyer traffic also fell 1 point to 27 and sales expec

today charles schwab's chief strategist jeff kleintop, the inflation report and why he says the techs about earnings. singing my tunes. >>> plus, a more stable a.i. play for volatile times. why raymond james is raising its apple price target. that analyst is with us in a moment. >>> imax surging

blackrock and kevin gordon of charles schwab. thank you for choosing bloomberg tv. weekend. this was "bloomberg surveillance." manus: futures are higher after brutal week of trading. i am matt miller. katie: "bloomberg intelligence" starts right now. coming up, mild pce data, the latest reading did little to alter bets that the fed will be able to cut rates. matt: the eco-data cap say turbine that week for love underwhelming earnings. apple to underline another crucial week ahead for big tech. sonali: the s.e.c. targets andrew left accusing the short seller of committing

kevin gordon of charles schwab saying that rotation continuing, saying the normalization process will of this is starting to take place given the recent snapback in small caps. small caps are really just doing what they were supposed to do more than a year ago. please to welcome kevin to the program right now. your framework for thinking about things at the moment, rolling recession, rolling recovery. is that still how you view things? >> for the most part it has kept up with the economy this year. it has been a more choppy process for the recovery part. when you think about areas of the economy that went through their own recessions in the 2022-2023 period, those have now started to enter recovery but it has been choppy. of course, the consumer has been under some pressure and now you are starting to see it more for services. more meat on the phones as to how much the services it, or if you can get that nice roll through on the manufacturing side and it is just softening and services, you keep everything afloat. to the normalization part, i think an air view you still have the laggar

additional what so, but i thought it was just brought out in this quote to produce charles involved putting remarks to schwab involve, imagine a wizard, the shoreline look somewhat of thoughts cross, and when you pull my different screen the mid on you want to to name of hosting markets, but i special know these come from the studio. so you google it up so that old, you know, so little spill or some sort of short snow to ward. so wasn't, besides what the loan amount is going to deals because our storm uh, maybe cost to the form of the new shows. almost immediately the identity of someone working at the bio lab under the cover of the us diplomat was discovered. when does notice much, i'll do it at the court or they are, but don't was according to me uh, from governor to your cause or what? so with dental the vision then just when you search mills or assignments, it's ryan me and 2 more walks doors. these are checks and us to call him uh, searching mushroom button, ground them joshua bust. so he was a us diplomatic and denied any connection with the bios center. this is boss and a photo taken as an awards cere