i know chubb has a lot of money.ink there's a liquidity problem in the aviation insurance industry specifically? >> i think there's several reasons. i think we had a perfect storm over the last year. there was a colombian crash involving a soccer team, then the two boeing max crashes, where the initial valuation was very low, but the cases remained in the united states resulting in many, many billions of dollars in unexpected claims. now you have a fourth event, which is bigger than all three prior events. since the insurance companies are not reserves, which is the thing that gives us the greatest concern, they haven't reserved, so the earnings you are seeing is like a bank that loses its capital and has earnings that look good, but in reality their financial health is not as great. if they're not reserving, they are not taking money off their books to make for they 10 to 20 billion of claims. >> your hypothesis is the insurers are not paying because they don't have the liquidity to do so. have the insurers -- that'

he's selling apple but leaning into chubb. solid business.ll. cf industries, ammonia surprises have been strong the last couple of months they're a low multiple and materials upon those factors that you mentioned a little bit ago here those are favorable, especially the u.s. dollar is weaker. i think the u.s. dollar is oversold recently the last couple of days so keep an eye on that. this favors cf industries, low multiple, strong ammonia prices and i like the way they could be a centerpiece within

would you buy chubb?insurance companies have pricing power they have it across the board. you saw it with cpi. chubb is cheap allstate is cheap. progressive is keep. they are all cheap and they have pricing power. >> the thing about chubb evan greenberg said if consumers and customers are looking for the cheapest insurance, it's not chubb. he said we're the luxury brand of insurance and speaking of pricing power, chubb really has it because they just say if you can afford us, we're the best and you should go with it. >> we should show the multiples. stephanie, it is fascinating are you telling me you don't think kamala harris is talking about food prices and insurance is up the last couple years. i cannot imagine regulators are going to leave this space alone. >> no, they might not, kelly that's a good point. the fact is these insurance companies are leaving certain markets. so, there's less of a choice for consumers. that's what gives them the pricing power. i don't think that's going to change any time

are by far the best and i would not recommend any other insurer on the show other than chubb. thank you for the kind comments. it's been a tough day and you just made my day better. fair enough. thanks enough-- thanks again to gary in texas. i'm not ready to chase:but it's one worth walking watching. i have more ahead. have they built a winning formula? i am giving my take on whether it is sitting on a strong foundation or a gold mine. plus rapidfire lightning round, so stay with cramer. tamra, izzy and emma... they respond to emails with phone-calls... and they don't "circle back" they're already there. they wear business sneakers and pad their keyboards with something that makes their clickety- clacking... clickety-clackier. but no one loves logistics as much as they do. you need tamra, izzy and emma. they need a retirement plan. work with principal so we can help you with a retirement and benefits plan that's right for your team. let our expertise round out yours. ♪♪ did you know that 96% of customers recommend the hartford? boy that's higher than most movie ratings. and th

show berkshire took small stakes in ulta beauty and electronics and heico and increasing the stake in chubbin addition to reducing apple and bank of america, berkshire trimmed chevron and capital one and t mobile and big ackman reducing nike pershing revealed it owned 3 million shares worth $229 million and the firm selling about 16% of its shares in alphabet and nearly a quarter of its chipotle stake and david tepper slashing its stake in nvidia by more than 84%. nvidia was the fifth largest holding at the end of the first quarter. appaloosa cutting amazon, microsoft, meta and alphabet, dom. lots of moves. >> thank you very much, silvana. see you later on. >>> turning back to the broader markets and inflation falling below the 3% mark since 2021 is raising he can pecexpectation f the fed interest rate cut next month. highlighting the parallels between now and the summer of 1995 given the current conditions for more, let's turn to paul christopher who is the head of strategy at wells fargo institute. 1995 to 1999 was a very eventful time in my life and it was for the markets as well. if his

i do like chubb and the insurance business but that's about it. to joann in california.n. >> caller: i need your help with my hope many work assignment i have. 12 girls in finance. >> i like that club. i like that club. >> caller: anyway, we're trying to diversify and have nothing in the health care sector and came upon -- we'd like to find a smaller midcap but they're hard to find so came across. levance. >> i'm suggesting even though anthem was okay. united health is still the cream of the crop. i couldn't believe how they've been able to accomplish so much during this period that nobody else has. matthew in texas. >> caller: yes, sir, jim. thank you very much for taking my call. >> absolutely. what's up? >> caller: i have been looking for a good lithium miner for quite a while and i've had my eye on alb. >> it's a good -- a business we don't want to be in. this is just an ev -- evs are not ready yet. not enough charging stations. a lot of other issues so we'll steer clear. gary in texas. >> caller: thank you for taking pie call. >> you're quite welcome. >> caller: i'm

chubb falls in the same category. it's a financials company, but it's also a teens based grow, low double-digits anyway. 2% dividend yield and on top of that we think there's opportunity for multiple expansion in that name. largely based on the strong pricing trends we're seeing in property casualty insurance. veeva is a tech name supporting the health care industry and we don't have a dividend yield and we don't have -- we have a higher earnings growth rate but what we think is a very large opportunity for multiple expansion in that name. >> always appreciate the details. david smith from rockland trust investment management group, thank you. >> thanks. have a great weekend. >> as you've been hearing us say, the fed's favorite inflation gauge coming in as expected. bond yields higher following those numbers. to chicago for more bond market reaction. rick santelli standing by. over to you. >> yes. and you know what, keep an eye on the twos, tens spread it's getting can ever closer to zero and start steepening. jim is

for example with chubb, it was a dividend yield of 1.3%.e expected dividend, the dividend to grow by 10% a year over the next three years. shifting our attention to ibm, remember ibm was the original a.i. with watson, and all that stuff they were doing many years ago. here is 3.5% dividend yield with a 1% annualized dividend growth over the next three years. charles: right. >> and then lastly mccormick, the spice company, it's a, not just on your consumer, on your grocery shelves but also wholesale spices ingredients in many of the goods you own and buy. here dividend yield of 2.2. growing annualized dividend growth over the next three years we expect about 6%. charles: all right. so you want to get paid while you wait but you also want to get paid. jack, thank you so much, my friend i appreciate it. >> thanks, charles. charles: my next guest, his firm came into the year with the lowest target on the s&p 500, 4200 i believe. i don't know they adjusted this. bring in jpmorgan chief global strategist david kelly. david, a lot of firms started

. >> chubb was telling his followers not to believe their lying eyes. again. now trump's claim here is that crowds at vice president harris' rally in detroit were actually fake. there are countless photos and videos for media organizations moving that claim to be false and demonstrably so. there are also thousands of people, real human people, who showed up to that rally who can attest that the crowd was real because they are real. but even when confronted with the facts, trump won't back down. and that is because this isn't just about crowd sizes. yesterday vermont senator ernie sanders issued a very serious statement about what he sees as the real issue here. donald trump may be crazy, but he's not stupid. when he claims that nobody showed up in a 10,000 person harris-wallace rally in michigan that was live streamed and widely covered by the media, that it was all ai and that democrats eat all of the time, there is a method to his madness. clearly and dangerously what trump is doing is laying the groundwork for recheck thing the election results if he loses.

he calls it his wife, while 100 is his mistress, his best chubb's have breaking her world record as hes it, but it was his us teammate kenny bednarek. the silver medalist in tokyo, who posted the fastest time in the heats. and he said, after his 100 disappointment, he is a man on a mission for this swan. but following that one on the track, we have the head-to-head that people have been waiting two years for in the women's 400 meter hurdles, the defending olympic craig champions, sydney mclaughlin-levrone it up against the world champion femke bol, two athletes whose times are second and a half faster than anybody else? in the field, they have made the bar their own. they're the only ones to have broken 51 seconds. they are pushing each other further and further is there going to be a tough night football beating sidley loved one is being described as the impossible job that femke bol already has one medal to her name for that mixed relay, she's hoping this might be number two in paris. >> thank you so much to us astronauts went on a mission to the space station for a few days, but the

. >> look, a lot of people stayed away from this group, including chubb, which is my favorite, becausehey're not going to do as well when rates come down. well, you know what? that was just a dumb call. these companies are really a.i.-oriented. they -- i keep -- david, you'll like this. progressive is the one company. it's flo. it uses a.i. instantly to adjust prices. flo. >> flo. yeah. i've seen the ads. >> pmi does not go with the program. >> the endless ads. >> what? >> from flo. >> progressive is the one that changes prices instantly. >> and the guy's name is? no idea. >> no idea. no idea. he's featured even more now. >> i don't think jake -- >> i'd be a little concerned. what's his name? >> do you think jake uses a.i. as much as flo? jake? >> jake from state farm? i don't know. >> i think that flo has the a.i. cornered and jake ought to spend some time reading zuckerberg's conference call and get some ray-bans. >> jamie. that's it. >> another 40-point gain for the s&p. manufacturing pmi is out a couple moments ago. let's get to rick santelli. >> hi, carl. indeed, these are the fin

buffet's firm increased its holding in global insurance giant chubb to 27 million shares remember thaten as i mentioned a bit ago, ulta got a boost from a small new position from berkshire. the stock up more than 10% on the day. pershing square making moves in consumer discretionary bill ackman's fund revealed a new stake in nike. it bought 3 million shares in the quarter and disclosed small decreases in chipotle and restaurant brands. and you thought peloton had stopped spending, guys no david ionhorn revealed a new stake of more than 6 million shares in the company in dme capital management's q2 filing so somebody believes that the wheels are still spinning. big tech -- if it's crickets it doesn't count -- temper's aplieusa sold alphabet, meta, and microsoft. dan loeb's third point sold alphabet and meta. ap loose sa decreased exposure to the chips nvidia, amd, micron, qualcomm, taiwan semi and lam research that's a mouthful. new stakes in amsl and micron and increased its take in taiwan semi because i'm the reporter, guys, we knew that carl icahn took a stake in caesars now it's bee