mad money at cnbc.com. or give us a call. miss something, go to mad money at cnbc.com. go to cnbc.com/monthly meeting now. wow, you get to watch all your favorite stuff. it's to die for. and it's all right here. streaming was never this easy, you know. this is the way. you really went all out didn't you? um, it's called commitment. could you turn down the volume? here, you can try. get way more into what your into when you stream on the xfinity 10g network. >>> the last couple months they have been on a roll. that is the oil and gas that we have. better than expected production. in line for a super good cash flow. >> hey, jim. good to be here. >> on that i see that you have a lower upstream, dramatically lower than the average. you manager admissions. high executive compensation to the emission reduction metric. how do you do it? why do you do it? what is it mean? >> people that are really focused on this. they know it is a challenge of our time. it is one of the top engineering challenges. we put those systems to work motivating people. we have creativity, we have inno

. >> you can see the rest of the interview with florida governor ron desantis right now on cnbc.com >> thank you, silvana. >>> a lot more to come including the one word investors need to know today and the one move that warren buffett needs to make into one sector that is raising eyebrows on wall street. >>> and the expanding a.i. and the two countries looking specifically at one of the biggest players in the booming a.i. market. we have a busy hour eawhahd en "worldwide exchange" returns after this commercial break. t is with your erc tax refund so you can improve your business however you see fit. rosie used part of her refund to build an outdoor patio. clink! dr. marshall used part of his refund to give his practice a facelift. emily used part of her refund to buy... i run a wax museum. let innovation refunds help you get started on your erc tax refund. stop waiting. go to innovationrefunds.com you really got the brows. >>> welcome back to "worldwide exchange." shares of nvidia on the rise looking to extend the rally of 10% yesterday. morgan stanley named it a top pick ahead of the

tweet cramer #madtweets send jim an e-mail to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. nice footwork. man, you're lucky, watching live sports never used to be this easy. now you can stream all your games like it's nothing. yes! that's what i'm talking about. [ cheers ] running up and down that field looks tough. it's a pitch. get way more into what you're into when you stream on the xfinity 10g network. >>> what do we do when the higher dividend stocks have been crushed by renewed bond market competition? as long-term treasuries have soared in recent weeks and they've done that very quickly consider the case of realty income the real estate investment trust company i like because it owns more than 13,000 commercial properties across the country including a lot of retail realty income's claim to fame is they pay their dividends on a monthly basis, which is another reason why i really like them. right now the stock yields 50.4%. but this is a tough environment for them given the bond market comp

of musketeer partners for more how andy andy jassy kust -- cost cutting efforts is going, go to cnbc.com>>> we have fitch saying the falling eurozone inflation puts the ecb european central bank rate peak within sight near the peak of the interest rates for the ecb. fitch rating is saying it expects inflation in the eurozone will fall to around 4% by the end of the year 4% is a figure for the end of the year ecb will probably not need to raise its near-term inflation forecast further in the month of september. quick reminder of what the ecb had said in the previous meeting was it would see inflation fall from the current 5.4% this year to 3% in 2024 and 2.2% in 2025 fitch then saying the ecb will probably not need to raise its near-term inflation forecast further when it has the next meeting in september those are the latest data points coming out from fitch. >> fascinatifascinating. >>> coming up on the program, fallout from the fitch u.s. downgrade continues. we have the latest on the investors and how they are trading treasuries after this break. ah, these bills are crazy. she has no

you can subscribe at cnbc.com/pro or scan the qr code on the screen. >>> russia central bank hiked rateso 12% during the emergency meeting this had morning. this is after the plunge in the ruble after the central bank warned pressure are building most of the gains after the announcement we broke above that level yesterday, but after the announcement, we see the levels now. perhaps this hike is bigger than what the market was expecting at this point if you want to get involved in the conversation, a lot with the uk, china and russia, tweet me directly @cnbcjou. >>> coming up, we will dive into the monday filings as the key fund manager warns he is worried about the outlook for the rest of the year. who is that fund manager we'll find out 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 you

with more on those results, head on over to cnbc.com. on over to pippa stevens for an update. >>> one of the proud boy leaders, joe bigs, sentenced to 17 years this prison this afternoon. he was found guilty of seditious conspiracy during the january 6th attack on the u.s. capitol. the prosecution had asked for 33 years. >>> oprah winfrey and wayne "the rock" johnson committed to make direct payments to people on maui. the people's fund will give $1200 monthly payments to those whose homes burned down in the wildfires. the two stars pulled together $10 million for the fund and are asking for donations to extend the length of the support. >>> and police pulled over a car reported to have a cow inside. but the call turned out to be bull. howdy duty, a full-sized bull, was riding shotgun with the passenger side roof removed. it is a main attraction in parades throughout the state. police asked the driver to keep mooving. >> that's pretty good. that is a winner right there. pippa, thanks. >>> coming up, today's inflation numbers may have mat

for more on that analyst call and the biggest calls of the day, go to cnbc.com. now to tyler mathsen >> thank you very much former president donald trump left his private golf club and home in bedminster, new jersey moments ago and will fly to d.c. to face charges that he led a wide-changing conspiracy to overturn the 2020 presidential election among the charges trump faces, conspiracy to defraud the united states, conspiracy to obstruct an official proceedings, and conspiracy to not have one's vote counted he will be fingerprinted but no mugshot. >>> general motors's robo taxi unit says it signed the driverless car industry's first labor agreement. and queen fans who see eddie mercury's personal items on display before they go up for auction. it includes stage costumes, hand written drafts of "bohemian rhapsody" and a piano expected to go up to $4 million nice thing to have in your home. kelly, back to you >> i would be afraid to break it >>> coming up, we are talking hotels and hot dogs with the ceos of wyndham and portillos. and a special edion itof "earnings

chris wolfe told cnbc.com in an inclusive interview that another ground downgrade of the sector couldorce a reevaluation of its ratings on more than 70 american banks. this is because a move to a+ would be a lower rating than some of its top-rated lenders and banks cannot be rated more than the environment that they operate in. our u.s. colleagues will be speaking to christopher wolf, the managing director and head of north american bank trading's later today at 1900 cet. it is worth reminding viewers that this was based on a report from a couple of months ago, we sought quite a stark reaction yesterday, and where some of these key stocks traded, bank of america down 3.2%, j.p. morgan down 2.5 but of course, it is highly hypothetical and the downgrade has not happened, i want to remind viewers of that. >>> elsewhere, the fed is set to release the minutes of its july meeting today, with chair jerome powell keeping his options open on the banks next move. the next meeting is scheduled for mid-september, and wall street is betting on the central bank closing its rate hike cycle after str

go to mad money/cnbc.com. (fan #1) there ya go! that's what i'm talkin' about! (josh allen) is this your plan to watch the game today? (hero fan) uh, yea. i have to watch my neighbors' nfl sunday ticket. (josh allen) it's not your best plan. but you know what is? myplan from verizon. switch now and they'll give you nfl sunday ticket from youtubetv, on them. (hero fan) this plan is amazing! (josh allen) another amazing plan, backing away from here very slowly. (fan #1) that was josh allen. (fan #2) mmhm. (vo) for a limited time get nfl sunday ticket from youtubetv on us. a $449 value. plus, get a free samsung galaxy s23. only on verizon. 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 creates experiences big and small, and once-in-a-lifetime. >>> campbell's soup is buying solo grants. the deal shows that executives are no longer taking it seriously. it is a high-quality name and we are one of the two people recommending it. it has pasta sauce, frozen pizza and raos is the ul

send jim an email at cnbc.com or give us a call at 1-800-743 cnbc. >>> we got this tremendous quarter, coolers, everything you need for a wild tailgate party. 70% responsible thursday, breaking out of this long-term funk. how is it that the yetis pulled up so much better? a ton of other stuff, elmer's glue, paper made, crock pot, mr. coffee but these are two companies that make discretionary goods at a time consumers want to spend their money on services or experience. the stocks plummeted last year. the 16th best performer in the 1000 list, there was a key difference. ever since the market bottomed roughly 10 months ago, yet he stuff has rebounded like crazy, up to 61%. we have had more than 35% in a tough period of time so what allowed getty to turn things around? more importantly, can it continue to out perform? while the revenue growth did decelerate to just 13% last year, their sales never shrank. france on the other hand went from 13% growth in 2021 to nearly 11% revenue shrinkage in 2022. for the full year contract to generate 6.6% growth but the analyst expect a 4% decline. wh

send jim an email at cnbc.com or give us a call at one 807 43 cnbc. had to mad money.cnbc. >> >> my five-year-old son loves to watch her show. >> our world is a better lace with you in it. ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ this is dr. arnold t. petsworth, he's the owner of petsworth vetworld. business was steady, but then an influx of new four-legged friends changed everything. dr. petsworth welcomed these new patients. the only problem? more appointments meant he needed more space. that's when dr. petsworth turned to his american express business card, which offers flexible spending limits that adapt with his business. he used his card to furnish a new exam room, and everyone was happy. built for dr. petsworth business. built for your business. amex business. the first time you made a sale online with godaddy was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur,

i talk about it in the story on cnbc.com there's still a lot of reasons why they wouldn't go down thishere if you stake a stake in espn, you can give them preferential treatment. what i do think has maybe changed a little bit, in part with the news in and out that iger seems committed to doing something with espn, and that's new. for years, bob iger has resisted doing anything with espn now there's a realization, even at iger's level, this is a drag, so doing nothing is actually a negative to the stock moving forward, so we kind of boxed into a position that so many have canceled traditionally cable tv, which, by the way, also a little nugget for you, i'm told that direct-to-consumer espn probably won't be launched either this year or next, so we're talking 2025 or beyond >> there's almost no doubt that the valuation gets a bit punished based on their exposure to the linear ecosystem. alex, thanks so much we'll talk soon. >>> last chance to weigh in on our question of the day. we asked, where is the best place to invest right now -- stocks, bonds, cash or real estate teth bu e sus,thre

breaking it down for more on what to expect from nvidia after the blockbuster results, check out cnbc.com>> we saw major reaction in nvidia stock yesterday the stock up 10% that is having a knock-on effect on tech sectors. asia pacific and hang seng here in the stoxx 600 with a lot of the green on the map. it is up .60%. it is fascinating to consider the european markets which have been bouyant in the face of the key numbers. despite that, the indices have been doing well. stoxx 600 is up 1.1% for the week that tells you investors are focused on the trajectory of interest rates than growth going forward. something that central bankers will talk about at the jackson hole symposium you will watch for some key announcements and some of the comments that we'll get to in the next two days. jay powell will be speaking tomorrow at 10:00 a.m. here in europe, every board is trading in the green i did mention that all of these are trading up in the week dax is up 1% cac 40 is up .80%. the ftse 100, relative under performer, given the concerns about china at the beginning of the week and that is up

. >> ryan, brilliant thank you for joining us you can check out the port on our website at cnbc.com. there's a glichls of the report and i would highly encourage you to check it out. excellent work by ryan there. >>> we'll give you a last-minute check on u.s. futures given the heavy selling we've seen take place across the globe we have bounced on the lows but poised for a weak start to the trade. that's it for the show i'm julianna tatelbaum. >> i'm arabile gumede. "worldwide exchange" is next ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life 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. >>> it is 5:00 a.m. here at cnbc global headquarters and here is your "five@5." we begin with arbitrary and outdated swift reaction from capitol hill and the white house after fitch ratings takes the ax t

of growth equities for more on where the growth opportunities for tech may come from, check out cnbc.com> also coming up on "street signs," signs of progress in the hollywood writers strike as the dispute passes 100 days. we will discuss the latest with lord david putnam who is the president of the film associat association. we'll be right back. 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. >>> welcome back to "street signs. argentina's far right candidate reported a shock win in a primary election shaking up the race ahead of the october general election he won 30% of the vote and wants to get rid of the central bank markets will get the first chance to react at 4:00 p.m. it is a vertical climb it has half in value for the year inflation is ra

you ccan check out his piece on cnbc.com. >>> and a.r.m. has officially list ed on nasdaq.his is another step to be the big big big biggests offerering since rivian. this indicates a $64 billion valuation for the firm. double the 2016 acquisition price. arjun is still with us. i think that $64 billion number is interesting as well because last week on the show, we were talking about the fact that softbank bought out the equity stake from the investors. many of them come from the middle east. that has given them an instant boon because they made inv investments on the losses. what is the $64 billion valuation do on the nasdaq? >> we saw it somewhere in the region of $60 billion to $80 billion. it is more than double what with softbank paid for the company. the question here is how is that valuation worked out in the environment? if you look at a.r.m. currently, the revenues fell in the quarter year over year. a slowing smartphone market. that is the bulk of the revenue for the smartphone chips. it hasn't pivoted into the new areas it has been speaking about for the last few

, they've been weak all day leslie picker has more on that, i think related to a story broken on cnbc.com to what mike was talking about with yields. a slew of negative headlines today. it was that warning shot that an analysis gave to us that it may need to downgrade dozens of bigger banks then this afternoon minneapolis fed president neil cash kaur ri spoke about the new proposal that boosts capital requirements for assets greater than $100 billion. but he said, quote, it doesn't go far enough. i think it's a step in the right direction, but i would like to go significantly further this proposal put forth by regulators already results in a 16% increase in requirements across the sector if it were to be enacted banks have also been selling billions in death to shore up sheets and boost capital levels in anticipation of additional requirements a bloomberg report citing a person familiar with the matter says pnc is selling 750 million in notes following similar sales from bank of america, goldman, huntington and others just in recent weeks he also highlighted the potential for additional i

send an email to mad money at cnbc.com or give us a call at 1- 800 734-cnbc . miss something? had to mad money.cnbc.com. power e*trade's easy-to-use tools, like dynamic charting and risk-reward analysis help make trading feel effortless. and its customizable scans with social sentiment help you find and unlock opportunities in the market. e*trade from morgan stanley. with powerful, easy-to-use tools, power e*trade makes complex trading easier. react to fast-moving markets with dynamic charting and a futures ladder that lets you place, flatten, or reverse orders so you won't miss an opportunity. e*trade from morgan stanley 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 unlim

scan the code or visit cnbc.com. i'll be there. hope to see you there. much more "worldwide exchange" coming up right after this. >>> it is right around 5 china 30 a.m. in the new york city area. there's a lot more on "worldwide exchange." here's what's on deck. stocks coming off on one of their best days in weeks as investors brace for what appears to be the end of the cycle. futures are in the red today. >>> adp. private payrolls are due out in three hours from now. we speak with one employers whe sector has been tracking it. >>> and ahead, hurricane idalia barreling down on the u.s. coast. expected to make landfall later this morning. it is currently a category 4 storm. >>> it's wednesday, august 30th, 2023, and you're watching "worldwide exchange" right here on cnbc. ♪ >> and welcome back to "worldwide exchange." i'm frank holland. let's get you ready to start the day. we pick up the hour with u.s. stock futures after a mostly higher stock session yesterday. you can see right now the markets are solidly in the red. all have moved to the downside in t

follow @jimcramer at twitter have a question hashtag mad tweets send jim an e-mail to cnbc.com or give us a call at 1-800 743-cnbc miss something head to madmoney.cnbc.com. (fan #1) there ya go! that's what i'm talkin' about! (josh allen) is this your plan to watch the game today? (hero fan) uh, yea. i have to watch my neighbors' nfl sunday ticket. (josh allen) it's not your best plan. but you know what is? myplan from verizon. switch now and they'll give you nfl sunday ticket from youtubetv, on them. (hero fan) this plan is amazing! (josh allen) another amazing plan, backing away from here very slowly. (fan #1) that was josh allen. (fan #2) mmhm. (vo) for a limited time get nfl sunday ticket from youtubetv on us. a $449 value. plus, get a free samsung galaxy z flip5. only on verizon. at pnc bank, you can find us in big cities and small towns across the us, where our focus is to always support the people who live and work there. because you call these communities home, and we do too. pnc bank. >>> every day this week we're highlighting some of the worst performers of august in the s&p

follow @jimcramer on twitter have a question, tweet cramer, #madtweets send jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something, head to madmoney.cnbc.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 creates experiences big and small, and once-in-a-lifetime. >>> back in the '80s we didn't talk about pipelines we don't have enough infrastructure to get it from where it's produced. usually the middle of nowhere. that's why i've always got an eye on the pipeline place and something interesting happened back in may when we learned one oaks buyed magellan midstream partners for 18.8 billion in cash and stock, 22% premium from where they previously traded and both said there could be $204 million of annual synergy from the deal and big contribution could be coming. i have been fond of both because magellan is a publicly traded partnership, while one oak is the sea corp there are complicated tax consequences which some of the shareholders have said they're voting against the

. >>> we're back financials are among the worst sector today following a story that broke on cnbc.com fitch warning it may be forced to downgrade dozens of u.s. banks if the overall banking environment worsens. so, steph, i turn to you bank of america, morgan stanley, charles schwab, what do you make of this? >> it's not good news but worse and more problematic for the regionals, the smaller banks the large banks are taking massive amounts of share from them and i think that will continue i think you want to pick your spots within the banks, within the financials, and i own bank of america i don't recall the last time it traded under .9 times book value. the company grew revenue twice of what expenses were. that's the story at bank of america, operating leverage. do you know they put $10 billion into technology investments over the last decade? they are seeing the benefits of that, and they had a very decent quarter. i think on weakness, it's a buying opportunity morgan stanley, to me, i like the wealth management piece. the ceo was on cnbc with leslie picker and basically said he tho

for a full list of banks facing fines is at cnbc.com >>> the soaring cost of child care is getting mores politicians look to keep the economy growing. take a listen. >> i would love to see us reprioritize or increase the priority of educational attainment, 0 to 5, the whole ecosystem, skills training, secondary education. i think we have let that lag a bit. >> but just real quickly, do you throw money at the problem how do you fix it? >> teacher's salary is part of it child care that is affordable. >> well, as costs have risen sharply post pandemic, parents are spending 20% of their annual income on child care, compared to the 7% experts say is sustainable. i'm joined by a ceo who runs a child care company and the stock is up 40% year to date they just reported a slight beat on the top and bottom lines. let's bring in steven cramer, the ceo of bright horizons teach, welcome >> thank you very much it's a pleasure to be here >> great to have you describe to us how your company works. >> so back 35 years ago, the founders recognized that there was a real challenge for working parents as it

you want more, sign up at cnbc.com/newsletters next on "power lunch," we're sticking with retail becauseing that organized crime is on the rise and impacting the bottom line. we'll dig in to shrink tyler is getting red, and i'll join him on the other side of this break (bobby) my store and my design business? we're exploding. but my old internet, was not letting me run the show. so, we switched to verizon business internet. they have business grade internet, nationwide. (vo) make the switch. it's your business. it's your verizon. we planned well for retirement, but i wish we had more cash. you think those two have any idea? that they can sell their life insurance policy for cash? so they're basically sitting on a goldmine? i don't think they have a clue. that's crazy! well, not everyone knows coventry's helped thousands of people sell their policies for cash. even term policies. i can't believe they're just sitting up there! sitting on all this cash. if you own a life insurance policy of $100,000 or more, you can sell all or part of it to coventry. even a term policy. for cash, or a comb

she has a rare interview with six street's alvin waxman, you can also sign up at cnbc.com/deliveringalpha newsletter >> 3m is one of the best performers on the dow and s&p today, higher on reports it's ready to settle the ear plug lawsuits we'll show you that and other movers of the day in three-stock owerun" lle "p lchwi bright back the us, you'll find pnc b. helping businesses both large and small, communities and the people who live and work there grow and thrive. we're proud to call these places home too. they're where we put down roots, and where together, we work to help move everyone's financial goals forward. pnc bank. 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. my name's dan and i live here in san antonio, texas. my wife magda and i h

cnbc.com writing about a so-called elon mode configuration for tesla's autopilot which federal regulatorsfor more information about. and laura is joining us from san francisco. it sounds like this so-called elon mode is a kind of cheat code that will disable a warning system that pops up on your tesla if when you are in autopilot you take your hands off the wheel for an extended period. >> that's right, tyler. so we've written about elon mode before, that is a nickname for it, not what it is called in code base. but this is a server side configuration. so tesla would have to, you know, set it and allow select drivers to access this. but it effectively bypasses what is called the autopilot nag. it is this -- first you will see display on the screen that tells you to put your hands on the wheel, pay attention to the road. and if you kind of keep your hands offer th the wheel for to long, it will escalate to a beep and then eventually lock you out of the advanced -- >> how do drivers who want the cheat code get it? >> that is part of what they are looking for, they want answers as to how man

use the qr code or head over to cnbc.com/newsletters. >>> we have ed morris and he is bearish on crudede of this break. ♪ >>> welcome to "power lunch," everybody. retail reports still rolling in. tech reports telling us the impact from ai and more. so our corporate profits and the economy strong enough to send stocks higher or not? >>> plus, the impact of soaring mortgage rates on the housing market. fewer people move out of their homes. they don't want to give up those mortgage rates that start with a 2 or a 3, kelly. >> they certainly do not, tyler. thanks. >>> a quick check on the markets where we're red across the board now as the nasdaq has given up its earlier gains. s&p down 14 and th

and pear back the rewards they started dishing out during the covid slowdown here to discuss our cnbc.com and our reporter leslie joseph. leslie, kick this off for us what's going on? >> if we think back three years when the pandemic started, a lot of companies were desperate for customers and they extended the perks. airlines, for example, hold on to your status we know you're not flying. all of that is gone. a lot of people, if you've been to an airport recently or traveling again, so what airlines are doing is they are really cracking down, you have to spend more, fly more to get that status. >> this is something that was a little bit of a pandemic quirk, let's say, and understandably, but now that people are traveling again they have grown accustomed, to yes, i'm such and such a status and maybe they have lost that what is that experience like for people in the airlines must be a little concerned about it? >> there's a lot of shock. you delta ceo told us late last year everybody is special. no one is special. so when they call that group one and it used to be that there were only a fe

scan the qr code on the screen or cnbc.com/delivering alpha newsletter. >>> as maui recovers from the in lahaina, the question resonates, how do we prevent another tragedy like that? some companies are working on what could be a solution. jay wells is out on the west coast following this for us. hello, jane. >> reporter: hi, contessa. yeah, the red flag warnings in hawaii again today, up in northern california here, we have some major wildfires. isn't there something better than the siren which doesn't tell you anything? yes. when "power lunch" comes back. the people who live and work there. because you call these communities home, and we do too. pnc bank. icy hot. ice works fast. ♪♪ heat makes it last. feel the power of contrast therapy. ♪♪ so you can rise from pain. icy hot. 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 c

tweet cramer, #madtweets send jim an email to madmoney@cnbc.com.r give us a call at 1-800-743-cnbc ado maonhing he tdmey.cnbc.com. ahhh! icy hot pro starts working instantly. with two max-strength pain relievers, so you can rise from pain like a pro. icy hot pro. my cpa told me i wouldn't qualify for the erc tax refund, so i called innovation refunds. their team of independent tax attorneys will work with your cpa to determine if your company is eligible. [whip sound] take the first step to see if your small business qualifies. ♪♪ at morgan stanley, old school hard work meets bold new thinking. ♪♪ at 87 years old, we still see the world with the wonder of new eyes, helping you discover untapped possibilities and relentlessly working with you to make them real. old school grit. new world ideas. morgan stanley. ♪ >>> this group has been hated for a year now, and only gets worse even for the highest quality operators. it just crushes me take columbia sportswear, the outdoor apparel, sorrell, piranah or mountain hardware these guys just reported a soli

and warner brothers up more than 52% >>> let's get you the set up in the report with alex sherman, cnbc.com and technology ro reporter alex, great to he you here good morning >> frank, good morning >> let's start with espn bet, what does this mean for disney overall as a media company now moving into the gaming space >> so, look, this is something that has been speculated for several years that espn might license off its name with a gambling partner she was more prevalent when bob chapek was ceo bob iger has been historically resistant to it, but the news is that, look, they struck this deal with penn gaming. they'll get $150 million per year for at least the next ten years allowing penn to use the espn bet name and there will also be some equity warrants attached to that, some sharing of espn talent and potentially even espn programming that goes along with the app itself. bigger picture, it means that espn is looking for a new revenue stream it needs cash. it's the same reason that espn is thinking about bringing in a strategic partner, which is another story that, you know, i and others

sign up at cnbc.com/deliveringalphanews letter. >>> still ahead, apple's big event set to unveil big products, including the iphone 15. does that mean it'bes en 15 years? i guess it does. we'll tell you all you need to know when "power lunch" returns. since the citi custom cash® card automatically adjusts to earn me more cash back in my top eligible category... suddenly, life's feeling a little more automatic... oooooohhh... automatic sashimi! earn cash back that automatically adjusts to how you spend with the citi custom cash® card. how's the chicken? the prawns are delicious. oh, i have a shellfish allergy. one prawn. very good. did i say chicken wrong? tired of people not listening to what you want? it's truffle season! ah that's okay... never enough truffles. how much are they? it's a lot. oh okay - i'm good, that - it's like a priceless piece of art. enjoy. or when they sell you what they want? yeah. the more we understand you, the better we can help you. that's what u.s. bank is for. huge relief. yeah... ♪ >>> apple sets the date for its next big event will we see the iphone 15

head over to cnbc.com for a lot more on those quarters. this is cynthia suarez, cfo of go-go foodco., an online food delivery service. business was steady, until... gogo-foodco. go check it out. whaatt?! overnight, users tripled. which meant hiring 20 new employees - and buying 20 new laptops. so she used her american express business card, which gives her more membership rewards points on her business purchases. somebody ordered some laptops? cynthia suarez. cfo. mvp. built for cynthia's business. amex business. >>> european market set to close in just a moment. mixed across the board as financial services lead the way with food and beverage stocks lagging behind. worth mentioning some chinese data. numbers out of beijing showing factor activity did slow for the fifth consecutive month under that expansionary 50 number, even though new numbers did move. a cloudier picture in the eurozone as prices remain steady in august. although core inflation fell further, now on par with that headne inflation number, reminder that money markets are cu

and they are trying to do what they can to get policy-makers to crack down cnbc.com retail reporter isn this program. how do we know whether, quote, organized crime is behind a lot of the theft that we hear about affecting retailers from target to nordstrom to whomever >> well, that's the thing. we don't actually know retailers have a really hard time tracking threat it's not like what somebody walks out of a store it's like hey, i'm stealing this jug of milk this is all based on estimates, and there's been survey data that shows it's on the rise, but there's no definitive data that actually shows that this is rising we tell ourselves very quick to blame organized crime, that's half the issue but it's hard to tell the real story. >> one individual said, yes, we're seeing a lot more theft and it is organized because -- and it's -- it may not be organized crime, but it is organized theft in the sense that gangs will come in, and they will clear out the cosmetic counter or they will clear out the watch counter and they will go out and there are cars waiting for them and away they go and t

and sports insurance to real estate scan the code on your screen and subscribe for more or visit cnbc.com/deliveringalphanews letter >>> it's time now for your global briefing. this morning, we have news related to microsoft microsoft says it plans to unbundle its teams software from the microsoft bundle in europe the move is an effort to address concerns raised by eu regulators who are concerned. teams bundling could relate to an abuse of the teams position and ubs shares surging, reporting its biggest ever quarterly profit as a result of its takeover of credit suisse. it will fully integrate the local businesses of its former rival by next year >>> and china says its manufacturing sector contracted in august for the fifth month in a row as it deals with weak consumption, low factory output and a property sector liquidity crisis >>> now we're turning our attention to a new cnbc series called the money trail, where we look at the $2 trillion in government spending planned over the next decade in infrastructure like the chips act the infrastructure law today, we head to michigan for a look

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on the screen, it's back, there it is, you can go to cnbc.com/otoh, as well. morgan, quite a week packed with earnings. we're going to have the jobs number tomorrow, it's huge. for now, that does it for "overtime." >> "fast money" begins right now. >>> right now on "fast," shares of low-priced retailers tanking today as dollar general sounds the alarm. are these stocks telling us the true tale of the american consumer? >>> plus, in the clear? talk of a recession has been put on the back burner, but is the economy really on steady ground? david rosenberg is here to tell us what he sees as red flags. >>> and there's a new blockbuster in town. how taylor swift could give the movie business another big boost just when it needs it the most. i'm melissa lee, this is "fast money," we're live at the nasdaq market site. and we start off with a big warning from dollar general. shares plunging after the discount retailer slashed its earnings guidance for the year. the company seeing slowing sales and rising inventories as its core customer gets pinched. the stock falling

cnbc.com tech reporter is here to discuss jen, what are the details of this >> that's right. google is hoping to bring employees back to the office, and one way is through its on-campus hotel, which it first opened last year so what they're hoping with this is offering a summer special for employees to stay in a room for $99 a night in mountain view near their headquarters, and they're just hoping this kind of helps employees transition to hybrid work, and they're doing it because they have been trying to be more strict in asking employees to come to the office, but as you know, sometimes these companies have to walk the tightrope and try to flatter employees, try to remain flexible, but also are trying to get employees back into the office, especially during this time where there's an incredible ai arms race >> i don't understand what the hotel is doing to attract people to work. is it people who literally live in a different state and in order to come to the office, need a cheap place to crash? i don't understand what the perk is >> right, google, a lot of google employees

tweet cramer #madtweets send jim an e-mail to madmoney@cnbc.com.give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. power e*trade's easy-to-use tools, like dynamic charting and risk-reward analysis help make trading feel effortless. and its customizable scans with social sentiment help you find and unlock opportunities in the market. e*trade from morgan stanley. with powerful, easy-to-use tools, power e*trade makes complex trading easier. react to fast-moving markets with dynamic charting and a futures ladder that lets you place, flatten, or reverse orders so you won't miss an opportunity. e*trade from morgan stanley (fan #1) there ya go! that's what i'm talkin' about! (josh allen) is this your plan to watch the game today? (hero fan) uh, yea. i have to watch my neighbors' nfl sunday ticket. (josh allen) it's not your best plan. but you know what is? myplan from verizon. switch now and they'll give you nfl sunday ticket from youtubetv, on them. (hero fan) this plan is amazing! (josh allen) another amazing plan, backing away f

brands and retailers gabrielle, thank you for joining us if you want to read the full story go to cnbc.comread her entire report. >> i have to say i miss storts like buy buy baby because it was a point in time in your life you go in and you're going to miss this. >> i'm going to miss this, i know it is going too fast and my daughter is not even walking yet. >> yeah. >>> the baseball bats are a lot more expensive than the strollers, man >>> a shake-up at the pharmacy a big move by california insurer. what it means nor the stocks and for drug prices. plus, shares of hawaiian electric falling sharply once again today. why one analyst says the latest incident should change the way investors look at investing in osstier companies. the ors coming up on "power lunch." this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optim

send jim an e-mail to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. (fan #1) there ya go! that's what i'm talkin' about! (josh allen) is this your plan to watch the game today? (hero fan) uh, yea. i have to watch my neighbors' nfl sunday ticket. (josh allen) it's not your best plan. but you know what is? myplan from verizon. switch now and they'll give you nfl sunday ticket from youtubetv, on them. (hero fan) this plan is amazing! (josh allen) another amazing plan, backing away from here very slowly. (fan #1) that was josh allen. (fan #2) mmhm. (vo) football season is here. get nfl sunday ticket from youtubetv on us. a $449 value. plus, get a free samsung galaxy z flip5. only on verizon. the first time you made a sale online with godaddy was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free at godaddy.com >>> regular viewers know that i've got a lot of rules

scan the qr code or go to cnbc.com/events to learn more. this is one you don't want to many miss. sell their life insurance policy for cash? so they're basically sitting on a goldmine? i don't think they have a clue. that's crazy! well, not everyone knows coventry's helped thousands of people sell their policies for cash. even term policies. i can't believe they're just sitting up there! sitting on all this cash. if you own a life insurance policy of $100,000 or more, you can sell all or part of it to coventry. even a term policy. for cash, or a combination of cash and coverage, with no future premiums. someone needs to tell them, that they're sitting on a goldmine, and you have no idea! hey, guys! you're sitting on a goldmine! come on, guys! do you hear that? i don't hear anything anymore. find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. >>> we had a nice pop on the dow this morning up about 150 points in the wake of softer adp data can, almost every dow stock was green, now settling back to flat as we

find out more at cnbc.com/join the club or using qr code on your screen.n-year auction. yesterday's three-year, not too bad. not a plot of macro data on deck today, but you have yields lower as the ten-year approaches 4%. be right back. >> announcer: the bond report is brought to you by pimco. we planned well for retirement, but i wish we had more cash. you think those two have any idea? that they can sell their life in policy for cash? so they're basically sitting on a goldmine? i don't think they have a clue. that's crazy! well, not everyone knows coventry's helped thousands of people sell their policies for cash. even term policies. i can't believe they're just sitting up there! sitting on all this cash. if you own a life insurance policy of $100,000 or more, you can sell all or part of it to coventry. even a term policy. for cash, or a combination of cash and coverage, with no future premiums. someone needs to tell them, that they're sitting on a goldmine, and you have no idea! hey, guys! you're sitting on a goldmine! come on, guys! do you hear that? i

go to cnbc.com/invest in club now. >>> now the answer to today's aflac trivia question.s one of the largest producers of canned fruit and vegetables salty snacks. >> the trucking industry has been detoxing since shipping rates and demands have soared during the pandemic. will the road ahead get worse before it gets better? ceo craig fuller. great to have you with us. and we heard from u.p.s. that demand in north america was last. what do you see in the data so far? >> been a really difficult start . we really saw a collapse in the goods demand for the goods shipping and supply chain largely related to inventory. manufacturing is down significantly and this tells us we see the end of the covid cycle and we see a much more cautious economy. >> is this a normalization >> there is some normalization but i think the big challenge for the trucking industry specifically is that there has been massive gross and capacity. if you go back and compare where we were in 2019 oh 2018 you're looking at levels that are certainly above in terms of volume. approximately 92 on the level. th

you can read that story on cnbc.com >>> we are going to discuss the nation's debt, and fitch's downgradejack) we're standing up for our right to be lazy. (jan) by sitting down. (ronald) and reclining back (jerome) 'cause we work hard and want to relax harder. (damon) we, the lazy, are taking back lazy... (doreen) ...on our la-z-boy furniture. (vo) la-z-boy. long live the lazy. b >>> welcome back to "squawk box. occupancies slowly kicking back up as workers return to work, and duh elinquencies are on the rise what is happening here >> in terms of the office, and we are seeing people be demand back to the office, and it's going to be competitively aub s obsolete we have signed 1 million square feet of leases in midtown south and grand central area, and those are leases where they are high-quality locations >> what happens to all the other locations? >> it's a challenge skprpbgs it's something we will have to try and address. only so many conversions can happen >> it's hard to do a conversion well, especially given where the elevators and stuff often are. >> you need the prices to come down

18th to make a decision, and microsoft issued a statement, and we will have the full interview on cnbc.comd a beat on eps and reaffirmed full year guidance. comparable sales were up 6% year over year, and now shares of lowe's up by 3% right now. zoom also raised its full year guidance above estimates. again, shares of zoom are up almost 3%. you have to remember they are still down 75% over the last three years. coming up at 8:15, the zoom ceo will be here. >> frank. thank you. anchor. >>> let's look at the market cn. there are a lot of people not paying a whole lot to the markets right now, they are on vacation, and if you look at the ten-year, what it's doing to mortgage prices and it makes people stop and pause, and what do you think about the valuations and what the fed is going to say? >> i think the rates going up is really important, because that's showing the embedded inflation. you guys were just talking about that. the front page of the journal says salaries are not going up that high, and look at ups -- >> yeah, their salaries are being renegotiated. >> when you start with a high

here is an article from last year if you would like to take a look on cnbc.com.aller: i thought that was a fantastic vehicle to have all the markets instead of all these electric when you need charging stations and everything else using of our electricity. host: what if it rains or is cloudy? caller: that is why it is part gas and part solar. host: so a hybrid. caller: on rainy days, you have gas to get you through the rainy days. host: if you have another topic you wanted to talk about? caller: i did. i want to know why we are allowing china and foreign countries to purchase u.s. land? we are so worried about our environment but china is what is the biggest polluters out there. why would we allow other countries to buy american land? i think this should be -- congress should just say no. you cannot purchase land that belongs to the united states. host: got it. on the democrat line, connecticut, jim. caller: good morning. thank you for taking my call. i am upset with mr. trump. he is a criminal. if they are going to put him on charges in georgia, he should be tre

the code up on the screen or if you don't want to take your phone out and scan that code, type in cnbc.comly poll on linkedin, which i'm about to post you can weigh in, let me know which side of the argument you agree more so let's get the results from the most recent topic. is nvidia benefitting from an a.i. bubble or are its blowout quarters signs of steady demand? 42% said bubble. 58% steady demand. there is some stockpiling going on out there. >> yeah. >> that's hard to say. a.i. bubble or blowout five times fast. >> a little bit of wine. >> good. >> still to come this morning, it is a crucial 24 hours for the fed. steve liesman joins us to explain just what you should be looking for, what they're looking for, over the next 24 hours. plus, the founder and ceo of jersey mike's subs will join us to talk food inflation, customer traffic and the state of the fast food business and later, investors will get some key inflation data. we have the numbers and the market reaction a little over an hour away. "squawk box" will be right back. people are excited about what ai will do for them. we're