some etfs are the way to go. >> courtney garcia, we know you are expecting. we hope to see you an again af -- again after the baby >> thank you, frank. >>> a mixed picture all morning long the nasdaq hitting the lows of the morning. s&p and dow fractionally higher. we see pressure on u.s. chip makers now down 1% across the board that is it for us on "worldwide exchange." we have "squawk box" coming up next thanks for watching. >>> good morning make it eight in a row dow having the best winning streak since 2019 and now back over 35,000. right now, futures are mixed ahd of the opening bell. >>> netflix and tesla putting stress on the sector. >>> a look at the consumer johnson & johnson is set to report we dig through the quarter with the company's cfo. he is woke he's joe woke. thursday, july 20th, 2023. "squawk box" begins right now. >>> good morning welcome to "squawk box" here on cnbc we are live from the nasdaq market site in times square. i'm becky quick with joe kernen and andrew ross sorkin you will see a mixed picture dow up 43 points you have the s&p

what is in store for the rest of 2023 let's bring in courtney garcia i have had an unwavering bear andunwavering bull to start the hour >> i think what you are seeing is the economy continues to be in a better place than people expect, and the consumer is still spending, and earnings are not falling off a cliff like people expected and you are seeing the broadening out of the rally and that's a lot more indicative that there's room to run in the stock markets rather than just the sit-in that has been holding it up this way. >> what makes you believe the projections are right? >> well, i think ultimately it comes down to is the consumer still spending i don't see that falling off a cliff anytime soon, which is what will affect the company wages are stable and will keep people spending, and peoples' savings are not coming down as expected, and people have money, cash on hand, and cash paying interest and it's going to keep the consumer going >> you don't think the market is too expensive at the multiple it's trading at now? >> yeah, parts are mega cap techs -- >> you think they are too e

margins will say, let's get through this and let's do healthy promotions, not reactive ones >> it's courtney garciaurtney, not to confuse you, but i'm curious, too, with the retailers, amazon is having prime day, macy's is coming out, target is coming out, and how much is that, they have to keep up with the joneses? is this really them chasing a consumer that can't handle higher inflation, or just the fact they're trying to compete with their competitors here and having to make the same price cuts is it a problem with the consumer or just this snowball effect, once you have a promotion, everyone has to have a promotion? >> i think it's such a great point. i was just talking to my team about this historically on this day, we would look and see how many other companies made a reference to prime in their email and they tried to do it in a puny way so they weren't literally saying, here's a prime deal, but it was very clear and that number definitely feels a lot less a powerful. i think people are looking at this -- i think prime day stands for something else than it used to i don't know if it's more t

revenue growth in 19 of the last 20 years and at a historical low multiple >> courtney garcia >> bxpt's gotten hammered, but at 91%, commanding top rents, it's worth a look at. >> steve grasso? >> rivian. since going straight down since november of 2021, the stock has a pulse. >> all right thank you for watching "fast money. see you back here tomorrow "mad money" with jim cramer starts right now >>> welcome to metlife. i am kramer. call me. i don't know about you but, i