ray romano talking to cnbc yesterday. he said the rise of artificial intelligence is a key factor in the strike >> no one was prepared for it. no one, you know, the contracts before that, no one knew this was coming you know, they have to get up to date to protect the actor and writer >> on the other side, disney's ceo bob iger told david faber yesterday just how disruptive these strikes are. >> there is a level of expectation they have which is not realistic. they are adaing to the set of challenges that this business is already facing which is, frankly, disruptive. >> for more on what this means for the markets and your money, i'm joined by matthew harrigan. good morning >> thank you, frank. good morning >> a lot to unpack here, matthew. a lot of publicly traded companies exposed to the dispute. disney, netflix, paramount and comcast. parent company of nbc universal. which one will see the biggest near-term impact and which is able to weather the impact >> they have a material backlog of content i don't think everyone w

for more on that check out our premium service, cnbc pro. coming up on street signs, the gloves are off between the battle of mark zuckerberg and elon musk. we will tell you more after this break. >>> welcome back to street signs. profit of the world's largest chip maker, samsung, will plunge. operating profit will slide to a 14 year low. the south koreans firms chip division will report losses. >> reporter: samsung electronics will release its second quarter earnings guidance on friday. future numbers are expect it to show deep pain in the industry. samsung's profit shows a decline of 96% on the year. that is the lowest for samsung for any quarter and over 14 years. it has to do with the fall in chip prices given typifying clients are still working through their inventory. with the full earnings rep for we will no more. profit guidance will kickoff the conversation at the tech hardware sector. reports have suggested that samsung is channeling its focus on the high-bandwidth service and that nvidia is thinking of outsourcing to samsung. i'm

here at cnbc global headquarters. here is the "five@5. after two days of gains after the stock snap >>> not everybody in the buyer's seat one group of investors is turning bearish on u.s. stocks. >>> two hours down and 46 to go. amazon prime day kickoff today the spending test for consumers stressed to the limit. >>> citi lays out the playbook in the names set to win big in the months ahead. >>> and why ceos and tech billionaires are set to sell stock. it is tuesday, july 11th, 2023 you are watching "worldwide exchange" here on cnbc >>> good morning welcome to "worldwide exchange." i'm frank holland. thank you for starting your day with us. let's check on stock futures after the positive day from wall street with the averages snapping three-session losing streaks. the session here with the movement the nasdaq was in the red and now higher seeing movement now on the pre-market we are seeing movement when it comes to shares of apple, amazon, microsoft, tesla and alphabet after nasdaq would rebalance the index to address the overconcentratio

you are watching "squawk box" and this is cnbc >> announcer: this cnbc program is sponsored by ibm. ibm. let's create no big d go on... well, what if you partner with ibm and red hat, use a hybrid cloud solution to connect data across clouds, then analyze all that data with watson. okay, but this needs to meet our... security standards? yup. compliance standards? mm-hmm. so they get the insights they need... yup. in real time... check. ...to make quick decisions? check. aaaand check. that's the solution ibm and a global bank created. what will you create? ibm. let's create. i was born on the south side of chicago. it has been a long road, but now i'm working for schwab. i love to help people understand the world through their lens and invest accordingly. you can call us christmas eve at four o'clock in the morning. we're gonna always make sure that you have all of the financial tools and support to secure your financial future. that means a lot for my community and for every community. ♪ conventional thinking delivers conventional results. at allspring, we break away with purpose. h

here at cnbc global headquarters. here is the "five@5. we begin with gearing up for the final trading day of july with stocks on track for the longest monthly win streak since 2021. futures are searching for gains. >>> wall street bracing for the busiest week of the earnings season we talk stocks taking center stage and the names on your radar. >>> in china, a batch of weak economic data and beijing scrambles to head off inflation. >>> a developing story as the country's largest trucking company is hitting the brakes on operations. >>> and later in the show, the city of san francisco has a problem with the x logo from elon musk. it is monday, july 31st, 2023. you are watching "worldwide exchange" here on cnbc >>> good morning welcome to "worldwide exchange." i'm frank holland. we kickoff with breaking news from europe. we go to tatianajulianna tatelb the london newsroom. >> frank, good to see you. fresh numbers from eurozone with the gdp. the first estimate flash q2 has come in stronger than expected 0.3% q on q growth over expectation of

here at cnbc global headquarters. here is the "five@5.fter two days of gains after the stock snap >>> not everybody in the buyer's seat one group of investors is turning bearish on u.s. stocks. >>> two hours down and 46 to go. amazon prime day kickoff today the spending test for consumers stressed to the limit. >>> citi lays out the playbook in the names set to win bi

>>> it is 5:00 a.m.eer at cnbc global headquarters. stocks making a comeback after the dow fell short of tying its daily win streak since back in the 1890s. and blame india. hawkish from bank of japan u.s. investors weighing the long-term impact for wall street shares of intel surging ahead of the open company back in the black after two quarters of losses with the ceo, what he's telling cnbc about that turnaround nap coming up plus, throw cold water on its ev demand expectations. later in the show, how retail investors can play a possible pe deal-making rebound. it is friday, july 28, 2023. you are watching "worldwide exchange" right here on cnbc. >>> good morning welcome to "worldwide exchange." i'm frank >> and a surprise q2 report. shares of intel this morning in the pre-market now seeing shares up over 6.5% we'll watch this throughout the morning and more in a moment so this, after a wild day of trading or wall street yesterday saw the dow on track to tie its longest daily win streak since 1897 before losing steam late in the day.

stay tuned you're watching "squawk box" and this is cnbc bridgett is here.m here. she has no clue who's in the helmet. are you ready? -i'm ready! alright. xfinity rewards creates experiences big and small, and once-in-a-lifetime. every business that's why comcast business de is launching theal. mobile made free event. with our business internet, new and existing customers can get one year of unlimited mobile for free. it's our best internet. powered by the next generation 10g network and with 99.9% reliability. plus one line of free mobile for an entire year. it's the mobile made free event-happening now. get started for just $49.99 a month. plus, ask how to get one free line of unlimited mobile. comcast business, powering possibilities. >>> shares of verizon higher in the premarket. stock up by about 1.8% after the telecom giant reported second quarter earnings a little bit earlier this morning the numbers beat street expectations, sales came in a little light joining us right now for a deeper look inside the results is peter spino, who is wolf research sen

here at cnbc global headquarters. here is the "five@5. big banks are boosting for earnings >>> finish line in sight for microsoft. >>> some are striking and some talking. >>> and the latest streaming service that says it is raising prices and later with another company looking at diversifying the supply chain away from china. it is tuesday, july 18th, 2023 you are watching "worldwide exchange" here on cnbc >>> good morning welcome to "worldwide exchange." i'm frank holland. let's kickoff the hour with the stock futures. the dow riding a six-session win streak investors are waiting for the bank results for the opening bell morgan stanley and bank of america. charles schwab as well up over 2% morgan stanley up 1.5% this year 14.5% from the 52-week high that it hit in february bank of america is down 11% this year a lot to watch when it comes to bank earnings. we are checking the bond market. we start with the 10-year. the yields are dlingecline from yesterday. we are seeing the short end of the curve elevated that is something everybody is

1... >>> welcome back to "squawk box" on cnbc.t them before we went to break. up 129 points. actually, they've added to the gains a little on the dow. helping lift the dow, shares of salesforce are higher. the company announced it will raise prices by an average of 9% across this sales company, sales cloud, service cloud, and marketing cloud, among other offerings. the price hikes will take effect in august. >>> this morning, a senate homeland security subcommittee will dig into the controversial pga tour liv golf merger the permanent subcommittee on investigations says it will look at the deal's implication for the future of golf and saudi arabia's influence on the united states pga tour chief operating officer ron price and board member jimmy dunn are scheduled to testify. the hearing comes days after former at&t ceo randall stevenson resigned from the tour's policy board, citing serious concerns over the deal with liv golf. joining us now, wisconsin senator, ron johnson he's a ranking member of the homeland permanent subcommitt

at cnbc global headquarters of here are the "five@5." new quarter and half of the year after one batch of stocks hits a first time in 40 years ach achie achievement. apple becomes the first company ever to begin with a $3 trillion market cap it is dealing with new concerns over plans and propjections for the vision headset. >>> and we have tesla with records in the quarter. >>> and a travel nightmare as one air carrier tries to bounce back from one of the worst weeks ever. >>> and books get a boost after the fed stress test. this is monday, july 3rd you are watching "worldwide exchange" on cnbc. >>> good morning welcome to "worldwide exchange." i'm contessa brewer in for frank holland. let's check on the stock futures with the s&p coming off the best day since june we are looking flat on the s&p up 3 points. dow down 20. nasdaq implied opening up 42 checking the bond market now with the 10-year treasury near the highest point since early march. you can see the 2-year treasury is up almost 4.94% the 10-year treasury at 3.84 in energy, oil

here at cnbc global headquarters. here is the "five@5.e begin with gearing up for the final trading day of july with stocks on track for the longest monthly win streak since 2021. futures are searching for gains. >>> wall street bracing for the busiest week of the earnings season we talk stocks taking center stage and the names on your radar. >>> in china, a batch of weak economic data and beijing scrambles to head off inflation. >>> a developing story as the country'

cnbc newsletter "the daily open." subscribe to cnbc.com/dailyopen or hit the qr code on your screen now hi. i'm wolfgang puck when i started my online store wolfgang puck home i knew there would be a lot of orders to fill and i wanted them to ship out fast that's why i chose shipstation shipstation helps manage orders reduce shipping costs and print out shipping labels it's my secret ingredient shipstation the number 1 choice of online sellers and wolfgang puck go to shipstation.com/tv and get 2 months free 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 insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. is it possible to protect my business from cyber threats? it is, with comcast business. helping every connected device stay

here at cnbc global headquarters. here is the "five@5. we begin with the market rally rolling on the dow notching the largest win streak in years. futures searching for direction this morning. >>> there are pot holes to navigate the chipmaker cutting outlook and posting a profit plunge. >>> plus, we have shares of netflix taking a hit on mixed results as it sees progress on the ad tier and password crackdown initiatives. >>> shares of tesla under pressure this morning as the ev price wars started takes a bite out of the margins. >>> and china out with a fresh warning over retaliation over washington's ongoing restrictions on chips. it is thursday, july 20th. you are watching "worldwide exchange" here on cnbc >>> good morning welcome to "worldwide exchange." i'm frank holland. thank you for starting the day with us. the mixed picture with the s&p down fractionally. dow jones industrial average up fraction fractionally the nasdaq is up slightly on the results of tesla and netflix all three indices marching higher the dow and s&p and nasdaq

here at cnbc global headquarters. here is the "five@5. stocks trying on the back of the gains from the better than expected inflation report. >>> and not so fast. disney's board of directors extending the contract to bob iger for two more years. >>> the federal government is not giving up ton the fight for the activision-blizzard deal for microsoft. >>> and big banks get prepared to report. and tesla may be breaking into the new and very lucrative market it is july 13th, 2023. you are watching "worldwide exchange" here on cnbc >>> good morning welcome to "worldwide exchange." i'm frank holland. let's check off the check of the u.s. futures with the major averages with three days of gains and s&p set to open highest since 2022 nasdaq hitting the 52-week high yesterday. futures here are green across the board. nasdaq doing the best with the hot streak up over .50%. we are looking at the bond p ma - bond market. the 10-year treasury is 3.82 we see big downside moves on the 2-year treasury as well. falling below the 5% mark. we are watching t

here at cnbc global headquarters. here is the "five@5." st stocks starting in the red futures are under pressure. >>> earnings are front and center for investors, but one says it could be different in a big way. >>> in china, disappointing data again, but investors say they are not deterred. >>> plus, microsoft all but free and clear to close the deal for activision-blizzard with one regulator standing in its way. >>> later in the show, two years late tesla truck rolls off the assembly line. it is monday, july 17th, 2023. you are watching "worldwide exchange" here on cnbc >>> good morning welcome to "worldwide exchange." i'm frank holland. thank you for starting your monday with us let's kick it off with the check of the futures the dow with the best week since march. dow is the best performer this morning. the only one with of the indices up in the pre-market up .30%. the s&p and nasdaq up in pre-market excuse me. reversal from a minute ago the nasdaq is the best in the pre-market dow down 62. s&p down fractionally. we have seen a lot of

it is tuesday, july 25th, 2023 and you're watching "worldwide exchange" right here on cnbc good morning, welcome to "worldwide exchange. i'm frank holland. let's kick it off with a check on futures, the dow riding its largest win streak since february of 2017 we're seeing right now that it looks like it could continue with all three indices in the green, nasdaq doing the best out of all of them this as the federal reserve kicks off its latest policy meeting today with interest rate traders all but certain the central bank will resume tomorrow with a 25 basis point boost. ahead of that we're checking the bond market, yields ticking up slightly to the up side and begin with the ten-year, 3.89 just comparely breaking out that range bound situation where it was between 3.75 and 3.85. treasuries across the board rising ten basis points as we approach the decision and energy market, as always oil, wti, 78, basically 60, just ticking down depending down fractionally, brent crude at 82.55 very slight movement for natural gas. okay, for a check of some of the top stories, silvana henao has those

>> announcer: this cnbc program is sponsored by ibm. ibm. let's create go on... well, what if you partner with ibm and red hat, use a hybrid cloud solution to connect data across clouds, then analyze all that data with watson. okay, but this needs to meet our... security standards? yup. compliance standards? mm-hmm. so they get the insights they need... yup. in real time... check. ...to make quick decisions? check. aaaand check. that's the solution ibm and a global bank created. what will you create? ibm. let's create. you got this. let's go. gobble gobble. i've seen bigger legs on a turkey! 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. we moved out of the city

but as commerce secretary said on cnbc this morning, this is just the first step in a longer process. >> ultimately, congress will pass a law which will have teeth, penalties and enforcement. and that will take some time that's why we are saying let's do this as a first step. >> she said this is a bridge to regulation here. we expect to see the president making those remarks on ai coming up soon in the roosevelt room, dom. >> so this is a big deal, because right now, it's in essence the walkup, if you want to call it that, to this idea that there could be more broad ranging, wide sweeping type regulations around what's been a very early stage development for artificial intelligence what exactly is the hope for what the conversation involves today with these big tech executives is there anything that is ground breaking expected in these conversations? >> well, look, i think the hope ultimately is that there is a legal regime that comes out of congress on all of this. i think as you look at it right now, what we have is a hand shake deal between these tech companies and the white house.

at cnbc global headquarters. here is the "five@5. stocks set to slide after the worst week since march futures are in the red. >>> investors turning attention from the disappointing jobs report to the two key indications out this week. roger ferguson is here to weigh in. >>> the largest pension terms is turning sour on stocks we are asking our experts. >>> and one of the writedowns of the big tech companies >>> and the one a.i. stock that goldman sachs says is getting warmed up. it is monday, july 10th, 2023 and you are watching "worldwide exchange" here on cnbc good morning welcome to "worldwide exchange." i'm frank holland. >>> let's check on the stock futures. the dow off a three-week losing streak and the futures are in the red. the nasdaq is down .30%. we will watch that throughout the morning. we are looking at the bond market 20-year yield and the 30-year yield is above 4%. we are looking at energy oil trading at the highest level in a month actually since the end of may. down a bit on the china ppi number crude is back above

cnbc headquarters and here are your "five@5. they're more caution on the recent rally today it's all about inflation with the june cpi report due out in just over three hours from now. why one index is getting some outside attention ahead of that report. >>> and microft clears a major antitrust hurdle in its pursuit of activision, the tech giant setting its sights on roadblocks overseas. >>> plus, why cathie wood' love affair with coinbase may actually be coming to an end. >>> and later in the show, taylor swift's ticket master to woes don't once again. it's 5:00 a.m. and you're watching "worldwide exchange" right here on cnbc >>> good morning welcome to "worldwide exchange." aisle frank holland. thanks for starting your day with us. let's kick off the day with the u.s. stock futures we're seeing green across the board at this very early hour. all three indices up fractionally, this as investors wait for the june cpi number with the annualized number to fall from 5.3% to just over 3% that would be, if we see that happen -- the l

here at cnbc global head quarters and here is your "five@5." we begin with the stock riding its longest win streak in two years with futures pointing to more gains ahead. >>> and investors and what could be goldman's worst quarter in years. >>> and it's just banking. tesla and netflix getting set to report we reveal the number one metric you need to know for each coming up. >>> plus, tracking a wild move in microsoft shares as it looks to monetize its a.i. initiatives. >>> and later in the

here at cnbc global headquarters. here is your "five@5."he dow doing something for the first time since 2017 and futures higher in the pre-market. >>> is the rally at risk the stocks could start a major inflection point to derail the tech run up. >>> and in washington, president biden pushing for a.i. safeguards who has the biggest players in the space signing on. >>> china tries to boost the consumer

at cnbc global headquarters and here's your five after five we begin with pressure trading resumption after a brief holiday session and where the fed today can point to more panel payne to come. >>> growing concerns out of china adding to investor excite. another key data economic point coming in weaker than expected new tensions between washington and beijing brooding as treasury secretary janet yellen prepares for her trip >>> plus forget about the o oct octagon. what some are calling the roll outas a twitter killer it's wednesday, july 5th 2023 you're watching "worldwide exchange" right here on cnbc ♪ >>> good morning welcome to "worldwide exchange." i'm frank holland. thank you for starting your day with us. let's get a check on the stock futures after wall street gets back to work after the fourth of july holiday take a look at the futures they're red across the board the dow looks like it would open about up 100 points lower. again, it's early. we take a look at the bond market we again with the 10-year. a bit elevated here. a slightly higher yeed yield when it comes to the 2-ye

here at cnbc global headquarters. here is the "five@5. we begin with back in the red. futures under pressure with the stocks coming off the worst day it weeks >>> investors are looking ahead to the jobs report after the adp beat and what it means for the fed and jay powell and the next move. >>> and janet yellen making the first public comments expressing concerns over the country's recent actions. >>> plus, amazon ceo andy jassy weighs in on a.i. and everything in the economy. >>> and the second half for the economy and the legacy big three. it is friday, july 7th, 2023 you are watching "worldwide exchange" here on cnbc >>> good morning welcome to "worldwide exchange." thank you for starting your day with us. i'm hollafrank holland. let's look to the third straight day of losses with the dow and s&p with the worst sessions since may. futures are in the red across the board. however, off their lows of earlier this morning nasdaq is hardest hit down almost .25%. the bond market has a lot of movement yields moving higher on the heels of the adp private payroll report wit

cnbc newsletter "the daily open."ubscribe at cnbc.com/dailyopen or sn e ce yr cathqrodonou screens now. when we started selling my health products online our shipping process was painfully slow. then we found shipstation. now we're shipping out orders 5 times faster and thanks to shipstation's discounted rates we're saving a ton. honestly, we couldn't do it without shipstation join over 100,000 online sellers who get ship done with shipstation go to shipstation.com /tv and get 2 months free. 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 insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. bridgett is here. she has no clue that i'm here. she has no clue who's in the helmet. are you ready? -i'm ready! alright. xfinity rewards cr

ceo mike wirth talks exclusively with cnbc today at 9:30 a.m. eastern. >>> elon musk taking the next step at rebranding twitter they will replace the iconic bird logo with the new yet to be decided logo featuring an x. >>> shares of amc c entertainme surging. they have a stock conversion plan that would allow the company to issue more shares after a judge friday blocked the first attempt to flood the market with new stop >>> stelanis says they should begin production in 2020. >>> speaking of duos, oppenheimer and barbie, barbie pulled in first and oppenheimer second the strongest box office weekend of the year and the fourth largest box office weekend ever. >>> getting ready for a wild week for wall street with key pote potential catalysts for the markets. the busiest week of earnings and 12 dow components set to report. that includes alphabet, coca-cola, microsoft, and meta the we've also got three central bank decisions on tap. the fed on wednesday, the ecb on thursday, the bank of japan on friday and we are just one week away from a possible

here at cnbc global head quarters and here is your "five@5." we begin with the stock riding its longest win streak in two years with futures pointing to more gains ahead. >>> and investors and what could be goldman's worst quarter in years. >>> and it's just banking. tesla and netflix getting set to report we reveal the number one metric you need to know for each coming up. >>> plus, tracking a wild move in microsoft shares as it looks to monetize its a.i. initiatives. >>> and later in the show, why shares of carvana are selling off in ar very big way it's wednesday, july 19th, 2023. you're watching "worldwide exchange" right here on cnbc. >>> good morning welcome to "worldwide exchange." i'm frank holland. thank you for starting your day with us. the dow is riding a seven-day win streak, its longest win streak since march of 2021 right now we're seeing futures at the highs this morning. just about an hour ago, these futures were flat. now it looks like they would open up about 18 points higher the s&p up fractionally higher it's not just the b

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scott gottlieb, former fda commissioner and cnbc contributor.ood to have you with us let's talk about the lead-sheathed cables do we know enough to come to firm conclusions about the dangers they could pose. lead is a danger, no matter where it is. >> no amount of lead is safe if it stays in the system longer than two or three months, getting in organs or the bones and lead has effects on multiple organ systems. its most damaging effects can impair cognition and development, in young children it has substantial effects on reproduction, lowering sperm counts you want to make sure people aren't getting exposed to lead how much lead exposure is happening because of the cables. that will need to get resolved by the epa the epa probably has authority to step in and investigate the cases. and make a determination about how much lead is actually leeching into soil or water and potentially getting into human consumption, as a result of the cables there's going to be certain parts of the country where cables are leading to exposure of lead. and there's p

roger ferguson, former fed vice chairman and cnbc contributor.ebody who i've said this before has gotten this right more than anybody we've had on this broadcast about what the fed will do. question is what will they do next there's one more rate cut -- >> hike. >> rate hike. >> you said cut. >> did i say cut oh, hike. >> we knew what you meant. >> thank you roger, so the big question is whether you think with this market meltup or whatever you think is happening it actually makes it more likely that we get a rate hike, not a rate cut. my apologies. >> certainly the first rate hike is certainly baked in. i think there are a number of factors that might encourage that second rate hike. first you've already mentioned that as a possibility. secondly, as you point out, the economy is continuing to do very well fortunately give them room for one more move if that's what the data call for. >> and after that, where do you think this all goes? >> look, i think they are really what they say they are, which is data dependent we are pretty pleased. i think

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profit fell due to the average price dropping more than 15% year over year joining us in a first on cnbc interview, ceo lourenco goncalves. thanks for being here. >> thanks for having me. >> auto sales were a big driver for the quarter but that was on record auto shipments. do you see more upside when it comes to auto business than shipments in the sending half of the year >> we do it's second to none here in the united states. and everything we are doing is starting to pay off. as we showed in q2 and compares with the results from last year, apples and bananas. our growth in terms of profitability against q1, it's amazing, from the profitability standpoint, sales standpoint, all metrics you can use. >> your shipments went up 15% but the price went down 15% at the same time. what's putting pressure on price when you're seeing more demand >> price is going up sequentially from q1 when you compare last year, we're comparing a year that people were not talking about recession on a daily basis this yearwe have been plagued by this constant conversation about not if but when the recession wou

the ceo tells cnbc that the company is powering ahead with its strategy >> the focus and what i said in new york is, we're going to be ruthless in our focus on performance, discipline and simplification and those are key. >>> the fed hikes rates to the highest level in 22 years and refuses to close the door on more focus now turns to the ecb, which is set to raise rates for the ninth time in a row, but watchers will be looking for s signs that the halfway point may be approaching its end >>> and meta shares rise on an extended trade after the social media giant beats on the top and bottom line and offers better than expected guidance for the third quarter, amid a rebound in digital advertising. >>> well, the earnings are coming thick and fast today, but let's just start off with one name in particular, and that is barclays the shares of the bank are in the red after the british lender cut its net interest margin outlook, despite first-half profit coming in ahead of expectations at 4.6 billion pounds the bank has unveiled a bigger than expected share buyback of 750 million pounds howe

here at cnbc global headquarters. here is your "five@5." the dow doing something for the first time since 2017 and futures higher in the pre-market. >>> is the rally at risk the stocks could start a major inflection point to derail the tech run up. >>> and in washington, president biden pushing for a.i. safeguards who has the biggest players in the space signing on. >>> china tries to boost the consumer sector. hear from the former chair of morgan stanley asia. >>> and why steve cohen is shifting away from the major league team to pet food. it is friday, july 21st, 2023. you are watching "worldwide exchange" here on cnbc >>> good morning welcome to "worldwide exchange." i'm frank holland. thank you for starting your day with us. let's kickoff with the check of the stock futures. pre-market stock futures in the green across the board nasdaq doing the best so far in the pre-market stocks are coming off a mixed session. nasdaq post the biggest one-day drop in four months p on the back of weak results from tesla and netflix. sharing 60 points o

right now any time on the cnbc app. we're coming right back.ier. with its customizable options chain, easy-to-use tools and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. e*trade from morgan stanley. power e*trade's easy-to-use tools make complex trading less complicated. custom scans help you find new trading opportunities, while an earnings tool helps you plan your trades and stay on top of the market. e*trade from morgan stanley. this is ge aerospace, advancing flight for future generations. ♪ welcome to a new era of flight. >>> british oil giant shell reported a sharp drop in second quarter profits citing lower prices of fossil fuels and weaker refining margins. still able to earn $5.1 billion on an adjusted basis but that was below 6 billion. the company also announced a $3 billion share buyback that it will complete pretty quickly over the next three months shares of ebay are lower guidance came in weaker than expected and you can see they are taking it on the chin. shares today down ab

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at cnbc headquarters and here's your "five@5. the fed's next policy move, one that can raise interest rates to the highest level in 22 years. >>> and we have amazon on alert as federal regulators are said to file an antitrust lawsuit against the tech giant shares are falling in the premarket on that report and we're seeing snap selling off with its year to date gains set to be cut in

at 1-800-743-cnbc. miss something head to madmoney.cnbc.com. power e*trade's award-winning trading app makes trading easier. with its customizable options chain, easy-to-use tools and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. e*trade from morgan stanley. power e*trade's easy-to-use tools make complex trading less complicated. custom scans help you find new trading opportunities, while an earnings tool helps you plan your trades and stay on top of the market. e*trade from morgan stanley. >>> after jay powell told us yesterday that the fed no longer expects a recession and then today we got a much stronger than expected gdp number it's worth looking over some of the great companies people have missed out on because wall street's so worried about a horrific slowdown. take otis worldwide, the elevator and escalator maker that also does installation and servicing. the bulk of the revenue actually comes from the service business. after being rangebound earlier this year thanks to all the reces

here at cnbc global headquarters of here is your "five@5."nvestors continue to find new reasons to buy >>> and today is all about the banks. jpmorgan chase and wells fargo and citi opening up the books as the sectiotk sector faces a hea headwinds. >>> and not enough wortds from the fed head after the cooling. >>> and actors

. ♪ >>> good morning and welcome to "squawk box" here on cnbc.e're live at the nasdaq market site in times square i'm melissa lee along with joe kernen becky and andrew are off today let's take a look at the futures as the cpi number is due out in about two hours' tomb. s&p looking to open at 9, dow up by just about 58 we should note markets are moving higher after the dow was up 1%. the s&p was up 0.6 nasdaq up half a percent in yesterday's session. taking a check on treasury yields, we're focused on the 2s and 10s and continuing to move under. the 10-year at 6.5% and the 2-year at 4.864% the annualized reading to fall from 5.3% to 3.1%. economists are expects a rise of 5% year on year. that's the lowest since november 2021 investors also prepares to hear speeches from many fed speakers today. >> are they still doing that at 8:30 definitely? >> what do you mean? >> releasing something different? >> i haven't heard anything different. >> i want to make sure we've been talking about it a lot. >> you want to make sure we fulfill our promise. >> xac

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came in a bit softer than the street was expecting, and chicago fed president austan goolsbee telling cnbce is still undecided about what the fed should do in july. steve liesman will be along shortly with more from that interview. it all brings us to our talk of the tape and whether today's jobs report was just right to keep the fed from turning much more aggressive even as it shows still strong labor market and what it all might mean for the rally. let's ask charles schwab's liz ann sonders. great to speak with you on all this i guess the question is, do you think the market is correct to take a little bit of comfort out of today's numbers, essentially we're not seeing an overheating economy but also not one that's outright stalling? >> yeah, i suppose in the context of the nearly 500,000 adp print, which really kind of freaked out investors, i think you can take some comfort, but of course, we're starting to see the weakening that although the fed wants to continue to quell inflation, might be starting to send some signs of sort of full official recession versus what we have been callin

joining us right now is "wall street journal" reporter and cnbc reporter.e just mentioned the stock has been on quite the run. historically we've had -- you look at apple earlier, on times you see the stock run into an earnings report and then sometimes it drops off a little bit after that this is almost like the opposite of that in terms of how tesla seems to operate >> yeah, but really it will be about the call and elon starts talking to analyst this is evening, it's about his enthusiasm this is a sentiment story and has he convinced the market he's optimistic about the second half. there's a lot of hope among some investors that the company has hit the bottom for price cuts, that the margin hit is going to be in the rear-view mirror and going forward they will see some upside especially with the launch of their new pickup truck, the cyber truck, later this quarter lots of excitement about that and the potential for making money off of that. >> how much do you think the cyber truck will help on the bottom line, and what kind of margin do we think is on th

this is cnbc we are live from the nasdaq market site in times square.ew ross sorkin we've been seeing progress at least for the bulls. the s&p and nasdaq are both in the green. s&p up by 7 points, the nasdaq up by about 23 points as we get towards the end of this very strong month for equities. let's take a look at what's been happening in the treasury market this morning right now it looks like the 10-year is right around 4 park, 3.96 >> andrew? >> we have one of the first take following last week's fed decision minneapolis reserve president saying they could see an update in unemployment. kashkari saying he wasn't sure if the fed was done raising interest rates >>> it is the end of the road for trucking company yellow after failing to refinance and reorganize a billion dollars in debt they specialized in combining shipments to different customers in single trailers in the another painful weekend for disney if he box office. it cost manchin $124 million to make any money it's still about barbie and oppenheimer. oppenheimer is from comcast parent compan

tom lee is the cnbc contributor. he started the year more bullish than anyone.ast week that i referenced. you were the one bull talking about 4,700 on the s&p this systisn't -- you are not l to the party i love analysts with netflix and neutral on netflix and price of 1 1 170. they act like it is early. this is not something you do a one-week call short-term for 2.5% to 3% move in the average >> that is right markets move a lot around the cpi report that's always a big market event. we thought a tactical opportunity was emerging because the market sold off last week. jobs market strong and fed popped bearish into the week. core cpi could come in at 2% or better >> you say better, you mean l lower? >> yes .2% or lower >> yes that is way outside of where it has been. >> the lowest since august of 2021 almost a two-year low. it would show the fed is getting inflation to levels on a monthly basis they are trying to target. .2% is 2.5% annualized it might be repeating. you may see similar numbers the next couple months that would push short-term rates down and trigge

more on that story you are watching "squawk box" on cnbc >> announcer: this cnbc program is sponsored by truist wealth. where wie focus on person-to-person econconnectiono you can focus on what matters most there are some things that go better... together. burger and fries... soup and salad. like your workplace benefits and retirement savings. with voya, considering all your financial choices together can help you make smarter decisions. voya. well planned. well invested. well protected. across the globe, industries are transforming and businesses need to navigate the changing landscape to stay ahead. when you partner with barclays, every change leads to a bold possibility. you have the vision. we have the insights, financial solutions and global perspectives to help you make it real. barclays corporate and investment bank powering possible. >>> woelcome back. the nasdaq 100 is going after a special rebalance which will impact the opening bell on monday it is designed to reconcentrate the seven stocks that made up the first half rally seven stocks with 55% of the index. after the reba

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at cnbc headquarters and here's your "five@5. the fed's next policy move, one that can raise interest rates to the highest level in 22 years. >>> and we have amazon on alert as federal regulators are said to file an antitrust lawsuit against the tech giant shares are falling in the premarket on that report and we're seeing snap selling off with its year to date gains set to be cut in half. >>> plus microsoft coming up short in the cloud, butting somearils some early pressure on that stock. and the wave moves closer to the shore. it's wednesday, july 26th, 2023, and you're watching "worldwide exchange" right here on cnbc >>> good morning welcome to "worldwide exchange." i'm frank holland. let's get you ready to start your day we're kicking it off with a look at u.s. futures. stocks in the red. the s&p flat the dow jones and nasdaq fractionally lower, this as investors await the latest policy decision from the fed in an all but certain 25-point basis hike, one that would bring interest rates to their highest level in 22 years. ahea

i got all of these calls from some of my investors seeing me the other day on cnbc.hat does the model say? sell it. take your profits. when the stock was, had gone to $21 and pulled back to $18, something like that. we looked at the model not getting into the secret sauces, basically find the patterns of all 300 top global tech stocks and what are the patterns that matter individually most for that stock? what's different with carvana is different from tesla or meta the model looking at for car is vanna it says over the next six, seven years, better to hold the line and stick with the long position, even though i gave u 28% gain in one day. the next week it stabilized gone from $18 i think $60 after-hours last night i'm going to trust the data. i guess if you don't want to say trust the machine, scott trust the data what has worked with a stock like carvana in the past i can't hold it in my mind as a human. for that, and 300 other stocks with help of ai and machine onboarding i can do a much better job in a populated portfolio. >> leave it there. talk to you soon eri