i am courtney reagan in for scott wapner front and center this hour, the fed, earnings and the fate of this rally as the dow tries for 13 straight days of gains. our investment committee is standing by. joining us for the hour joe terranova, liz young, sarat sethi and steve weiss. a quick check on the market. we are moderately mixed. the dow jones industrial average higher by a tenth of a percent the s&p 500 down fractionally and the yield on the ten-year note at 3.877. we have wti around $79, just a shade under that we have boeing and 3m leading the dow after earnings reports union pacific leading the s&p 500 after we saw that deal for pac west and california and communication services and utilities are the leading sectors for today. we have a lot going on alphabet, quite an interesting report after the bell. sarat, you own this one. what do you make of the report largely expected but good news >> people were focused on microsoft, leading ai, where was google going to be search did really well cloud did really well. the expectations were met, exceeded, and now the stock is reflecting

. >>> where's courtney reagan? there she is getting ready. to join her on the other side of this quick break 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 optimization tech. uh, how long are you... i'm done. i'm okay. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> welcome back to "power lunch" with courtney reagan. i am jon fortt stocks higher once again as big banks kick off earnings season with good enough results can earnings inflation and the fed continue to give the markets what they need to keep moving higher >>> plus, hollywood striking actors joining the writers on the picket lin

i'm courtney reagan in for scott wapner front and center this hour, a moment of truth for the rally asbig tech earnings get under way. microsoft and alphabet kick things off a few hours from now. the investment committee is standing by to break down what is at stake for these critical reports. joining sus josh brown, jim lebenthal, stephanie link and jason snipe. a quick check on the market to see where things are as we await the key results after the bell we are in positive territory, although marginally so the nasdaq leading the way higher by

some of the notes grabbing our attention this morning courtney reagan is here with the latest you'veg this thread >> while the rate of overall inflation is falling, it does remain a major pain point for back-to-school shoppers, because the cost of school supplies is up 24% in the last two years back-to-school spending is expected to fall 10% compared to last year according to a new survey by deloitte that's the first drop year over year in a decade and most parents say they'll spend less on back-to-school because of their own reduced disposable income. three quarters say it's because of higher prices, up sharply from those who said that last year, and a third of parents say their financial situation has worsened since last year and 51% are looking ahead to the broader economy and saying, that's going to weaken overall in the next six months back-to-school spending on clothing could take the biggest hit with spending expected to fall 14% technology spend to drop 13% some of that to be sure is going to be redirected to cover the now more expensive school supplies however, retailers hav

i am courtney reagan in for scott wapner front and center this hour, the fed, earnings and the fate of for 13 straight days of gains. our investment committee is standing by. joining us for the hour joe terranova, liz young, sarat sethi and steve weiss. a quick check on the market. we are moderately mixed. the dow jones industrial average higher by a tenth of a percent the s&p 500 down fractionally and the yield on the ten-year note at 3.877. we have wti around $79, just a shade under that

what might sales impact look like this year courtney reagan has more on that. >> amazon shares are up today and on average amazon stock price falls 0.2 but regains after. we'll see if this year follows the trend. amazon's prime day sales will increase 10% over last year totalling $8 billion in the u.s. that's about three times more than five years ago. worldwide, amazon sales could be nearly $13 billion for the event. like previous years, retailers like target and walmart are offering competing sales on or around amazon's prime event, and it does prove to draw incremental sales for others adobe forecast the two-day event will drive more than $13 billion of total u.s. online spend that's 9.5% more than last year. while amazon's ceo andy jassy told jon fortt last week that prime day is a driver for new sign-ups, consumer intelligence research partners are among those who think prime membership is at or near saturation, estimating 167 million americans are prime members, down slightly from 170 million a year ago. >> it's troubling with the high inflation and interest rate environment and

courtney reagan, looking at amazon, day one of prime day, one 25% higher?n what we see. since 2015 shares on actually fall slightly during the event but then gain it back plus a little the following day. intelligence does estimate that amazon's prime day will increase 10% over what we saw last year. more than $8 billion worldwide. sales for the retailer could be nearly 13 billion. it does improve mental sales for online retail overall. best buy, target, among the target retailers that offer competing sales and adobe does work after the today prime event to drive $13 billion of total u.s. online spend. so, others get to dissipate in this, too. that's 9.5% more than last year. we are seeing rallies today. xrt and online retail etf both outperforming the broader market. more than 3.5% higher. burlington and betsy, those are among the leaders, up 6% or more but then you have pellet on and affirm, leaving the eye by etf and palatine product are being discounted some on amazon today. the online behemoth also offers a firm financing, so perhaps there is a halo eff

. >>> we will toss it over to courtney reagan in for scott wapner >> welcome to "halftime report." front and center this hour, the critical week ahead as the fed makes another key decision on rates. our investment community is standing by. joe terranova, jenning harrington and steve weiss let's get a check on the markets here at noon eastern we are seeing the markets higher by half a percent, and the same thing for the s&p 500. the yield on the 10-year sitting at 3.8 we are seeing the sectors higher for the day led by energy here at the midway point of the day a big week ahead for earnings. it's amazing what we have loaded here 42 s&p 500 companies, and 12 dow components it will be a lot of heavy lifting for our investors watching the traders will help us get started. guys, what are we watching joe, what do you make of what is to come for this name here >> it's interesting to lead into technology earnings, which is fantastic. for cadence, you will probably see a revenue decline of around 3 to 5% year on year, and eps will grow somewhere around 25% over the last three months there h

. >>> now let's get to courtney reagan for a cnbc news update. >>> nato leaders agreed to let ukraine join the nato alliance, but not just now they said it reaffirms ukraine will eventually become as member and they agreed to remove a requirement that takes out one step of the process. before attending the summit, zelenskyy blasted out at them for not setting up a timetable. >>> the biden administration announces a new plan under the proposal, families part of the child development care block program will be limited to paying no more than 7% of their income there will be a 45-day comment period the department of health and human services hope to make the change official by next spring. >>> and taylor swift is too big for ticketmaster again thousands were locked out of the site because of technical issues when trying to secure tickets for six shows in france. ticketmaster will announce a new on-time sale soon. i didn't get my tickets in the u.s. either, kelly. >> was it in mexico, if you didn't get a ticket, go over there and it will be cheaper >> i have heard the same in countries lik

welcome to paula alongside courtney reagan i'm tyler mathisen glad to could join us.ug portfolio what's been an arm

because of amazon and amazon shares as mentioned heading higher it's kicking off its prime day courtney reaganon what we can expect, and whether it is a signal broadly for consumer spending in this country? >> absolutely. obviously, amazon gets a huge percentage of online sales, and we'll see if what we're looking at in the stock right now holds because on average, sara, amazon stock price falls 0.2% during the prime event and regains it entirely the day after insider intelligence does estimate that amazon's u.s. prime day sales will increase 10% over last year to about $8 billion. that's about three times more than five years ago. worldwide, sales could be nearly $13 billion. like previous years, retailers like target, walmart, best buy are offering competing sales on or around amazon's prime day event too. adobe forecasts the two-day prime event could drive $13.1 billion of total u.s. online spend so that's amazon and competitors. that's 9.5% more than last year. and while amazon's ceo andy jassy told jon fortt last week that prime day is a driver for new memberships, consumer intelligence r

welcome to "power lunch" alongside courtney reagan i'm tyler mathisen coming up regulation nation.re and more regulatory scrutiny. regulation is back and not just one industry more is the pressure coming from just one source. plus, getting a pulse of the economy. talking to two power leaders shining a line on the consumer ceos of crocs and the travel and leisure company joining us live. >>> a check on the markets things mixed dow the laggard downed 32 points watching it closely, because closing in the green for the dow making thinks 14th straight day of gains something that hasn't happened since before 1900. meta surprising wall street. off highs but still up reporting better than respected results and guidance living up to promise of more efficiency in that year of efficiency love to talk about diving deeper into that later in the show as higher by 5% other earnings mover, chipotle, ebay missi

and the dollar upgraded for two week courtney reagan, back to you. >>> bertha coombs has our cnbc update. >> hi. former president donald trump said this afternoon that his attorneys had a productive meeting with department of justice prosecutors today. though posted on social media platform trump claimed no notice given of an indictment however, three sources told nbc news earlier today that his lawyers were told to expect an indictment from the grand jury looking into the january 6th insurrection and other alleged attempts to overturn the 2020 election >>> the justice department launched a civil rights investigation into the memphis police department looking into whether the department has a pattern of excessive force and unlawful stops, searches and arrests. doj probe will focus whether the department discriminates gets black residents. the announcement comes months after the death of tyre nichols while in police custody, but the new department probe is separate from the a federal investigation into the nichols case. >>> probably comes as no surprise scientists already think july will

welcome to paula alongside courtney reagan i'm tyler mathisen glad to could join us. a massive biotech buyout buy owe jen bulking up it's drug portfolio what's been an arms flas space of late. >>> plus another day and another two power players. first ceo, higher rates new bank rules. how they're holding up and speak to the hospitality group more insight in the keeper all three indexes higher today after the dow did snap that 13-day winning streak yesterday. hey, maybe we can make it 14 days out of 15 that are higher busiest week of earnings coming to an end. chevron beating estimates in larger sales volume. meanwhile, rival reporting demand and p&g beating results releasing a gloomy outlook. >> here to help us dig into earnings and other stock stories discussing across the hour, managing partner and poll portfolio pmanager. maybe drill in a little bit so to speak on the oil companies? >> oil stocks made expectation we knew not going to grow in pretty much oil over $100. i think what we looked for what we saw, stabilization, if you look at capital expenditure, still sp

i'm courtney reagan in for scott wapner front and center this hour, a moment of truth for the rally as big tech earnings get under way. microsoft and alphabet kick things off a few hours from now. the investment committee is standing by to break down what is at stake for these critical reports. joining sus josh brown, jim lebenthal, stephanie link and jason snipe. a quick check on the market to see where things are as we await the key results after the bell we are in positive territory, although marginally so the nasdaq leading the way higher by 0.6% the dow jones industrial average on both sides right now but holding positive above that marker by 0.2% the yield on the ten year sitting below 4% at 3.89%. we are leading the way with materials and information technology for the sectors, financials and industrials are lagging. the vix, though, is still pretty quiet, below 14. and wti is higher today but still sitting just slightly under $80 a barrel we have a lot going on here. we have a fed decision tomorrow, big tech decisions alphabet is coming up here after the bell there are so many

courtney reagan with the details. >> good morning. week did fall mid-week but despite making up 38% of all online sales, according to insider intelligence, amazon isn't what drove the etf this week. during prime week amazon shares were up 0.4% the i by etf is made up of global companies it's having the best week since november of 2022, up 13.5% compared to the broader xrt retailer etf which is up 2.5%. it's the second straight month of gains, up more than 10% for the month, 30% year to date, which means it's the best year since 2020 remember that, when online shopping was the only option for consumers for at least part of the year during the depths of the pandemic within the ibuy etf only three names are negative, and all international online players the top players are carvana, affirm carvana has gained 31% this week after saying it expected exponential growth in ev sector. buy now, pay later player affirm is up 32% on the week. it is an option on amazon so maybe prime day did play a part. adobe said users using buy now, pay later gr

. >>> we will toss it over to courtney reagan in for scott wapner >> welcome to "halftime report."and center this hour, the critical week ahead as the fed makes another key decision on rates. our investment community is standing by. joe terranova, jenning harrington and steve weiss let's get a check on the markets here at noon eastern we are seeing the markets higher by half a percent, and the same thing for the s&p 500. the yield on the 10-year sitting at

. >>> to courtney reagan for a news update. >> hi, tyler here is your news update this afternoon.at, corn and soybean prices are rising after russia said it is ending the black sea deal the deal limits the country's full cache of its grain and fertilizer the deal has reignited fears about global food security. >>> ritchie torres planning to introduce a resolution to censure george santos, facing a 13 count federal indictment including money laundering and making false statements. the censure vote is like throw fail in the house. >>> a pod of 55 pilot whales died in scotland during the worst mass stranding in the area rescuers attempted to refloat two of the active whales that were low in the water, but decided the remaining whales should be euthanized the pod may have followed a female whale on to the beach while giving birth back over to you. >> thank you. >> still to come, oil slipping on those weak gdp numbers out of china after weeks of gains the energy sector facing another issue of record heat we have more on that there are some things that go better... together. like your w

disney's bummer of a summer rolls on, and is now the time to bet on the sports betting boom i'm courtney reagan in this evening for melissa lee, this is "fast money. on the desk tonight, tim seymour, courtney garcia, steve grasso and guy adami markets bouncing back from a losing week. the dow jumping 210 points, snapping a three-day losing streak and the s&p and nasdaq closing higher the top performers, industrials, health care, and energy. industrials now up almost 6% over the past four weeks the gains come days before a key inflation data read this week, and the kickoff of earnings season wall street hears from delta and pepsi, and then friday, the banks. so, how should investors position themselves ahead of the key numbers. tim, what do you make of today's trading, a little bit of a hangover from last week as we wait for the cpi numbers, more details from some of the keyen banks? >> yeah, i think it's been directionless. we are reflecting more on the move in the last couple of weeks. the bar is probably reasonably low, but we all know that operating income and essentially margins are probabl

options plays, jessica inskip is here to break down these crucial moments of the trading day plus courtney reagan for online retail, and malcolm ethridge is back to react to united health's big earnings beat. market sort of running hot coming into earnings season. sometimes, earnings season is a boost. sometimes it muddies the waters a bit. what does your work tell you to expect here? >> if we take a look at the beginning of every earnings season as we'd entered it for the last four quarters, you'll notice that that has been the fuel for bear market rallies, and then we only meet resistance when we have a more restrictive fed. going back to q1, once we were met with better than anticipated earnings, that natrrative that w are consistently hearing that but coupling that with a dovish fed, the light at the end of the tunnel, that's what put us into the bull market so powell took his foot off the gas, turned on cruise control, but i want to exercise caution and know there could be turbulence ahead because data in a restrictive fed is what really, really tests that momentum. and additionally, i've go

i'm courtney reagan in this evening for melissa lee. this is "fast money." we have karen finerman, guy adami and carter worth of worth charting we talk about the ai tried shares of taiwan semi falling more than 5% today the world's largest chip maker reporting its first profit drop in four years. swan semi putting pressure on, the index dropping 2%. kristina partsinevelos is here with the semis slump >> let's talk what the message is the ai hype can only go so far that's exactly what management paraphrasing said really early tonight because ai only contributes 6% of total tsmc revenue. yes, that 6% should grow to double-digits in five years, but it's is not growing fast enough to offsee the weakness we're seeing in smart phones as well as pcs, which is a much bigger percentage of industry revenue they fell 5% but brought down the sector like the smh, a good barometer. other equipment names you're seeing on the screen got hit hard because tsmc reiterated its capital expenditure spend at the low end of the range tsmc also plans to low down production of its ar

i'm carl quintanilla with courtney reagan. setting at again da today, chicago fed president austan goolsbee live at 11:30 we'll talk about today's jobs number. >>> group one automotive ceo darrell cunningham is also with us he'll talk about u.s. auto sales as they surge in the first half on strong demand. >>> and torsten slok is here. >>> let's get a check on stocks, mix with the dow jones industrial down 0.1% the s&p 500 marginally positive, similarly for the nasdaq. >>> meantime, the jobs number, of course, story number one. definitely in focus, coming in lighter than expected. our next guest says while economic data and inflation are slowing down, still not there yet and the fed will continue to step on the brakes until they get what they want joining us at post 9 is apollo chief economist torsten slok great to have you back. >> thanks. >> some slowdown but not happening quick enough, is that the view >> i think this was a report that basically -- sounds like a soft landing but with high inflation. the consequences the fed

visit indeed.com/hire >>> welcome back to "power lunch" with courtney reagan. i am jon fortt stocks higher once again as big banks kick off earnings season with good enough results can earnings inflation and the fed continue to give the markets what they need to keep moving higher >>> plus, hollywood striking actors joining the writers on the picket line. the strike already threatening the fall season. it comes at a vulnerable time for the tv and movie industry. we'll look at the potential impact. >>> we begin with key earnings out impacting the dow especially we'll get to united health in a moment, but let's start with the banks. results from jpmorgan, wells fargo and citigroup. leslie picker has the details. hey, leslie. >> hey, jon. beats and raises for all three, at least as it pertains to net interest income. mixed reaction in today's trading. higher for longer rates. a tailwind for all three as they continue to boost their outlooks for net interest income. that's a profitability metric from loan making on a slew of calls this morning, questions from analy

we're live at the nasdaq market square i'm andrew ross sorkin along with joe kernen and courtney reagan who's hanging out with us all day. becky is off. >> three hours of fun. >> it's going to fly by. it's going to feel like three minutes. >> you can't appeal the sentence you're here. >> not at this point. >> let's show you the equity futures on this tuesday morning. here we are. 154 points down on the dow. the s&p 500 down the nasdaq off close to 100 points, about 98 points. let's show you treasury yields here's where things stand right about now. 10-year, 1.39. >>> the biden administration is reportedly preparing to restrict chinese companies access to u.s. cloud computing services according to "the wall street journal," the new rule if adopted would likely require u.s. companies like microsoft and amazon to seek government permission before working with some chinese customers the government is expected the announce the new policy in a few weeks this comes one day after china put limits on exports. >>> a federal judge issued a preliminary injunction he ruled that the biden administrat

courtney reagan joins us with the latest good morning, court. >> good morning, carl.tion just turned in the lowest increase since march of 2021, the cost of school supplies is up 24% in the last two years, not to mention the increasing cost of education and child care in the u.s. overall, back-to-school spending is expected to fall by 10% compared to last year, a decrease of more than $3 billion in aggregate this according to a new survey by deloitte. it's the first forecasted year over year drop since 2014. more than half of parents say they'll spend less on back-to-school because of reduced disposable income and three quarters that it's because of higher prices up sharply from last year that said the same nearly a third of parents say their financial situation worsened from last year and more than half expect the broader economy to weaken in the next six months back-to-school spending on clothing could take the biggest hit with spending expected to fall 14%, technology spend estimated to drop 13%. some of that being redirected to cover the higher cost of school supp

. >> thank you, jj courtney reagan, thank you >> great to see you. >> what time was your alarm clock set for? >> 3-something >> that's hideous. >> join us tomorrow. set your alarm clocks. "squawk on the street" begins right now. ♪ >>> good wednesday morning, welcome to squawk"squawk on the street" i'm carl quintanilla with jim cramer at the new york stock exchange first full trading session of the second half and futures are weak on disappointing pmis around the world our road map begins with the global macro soft china data reviving growth concerns futures are slipping, investors awaiting tea leaves from the fed minutes. >>> plus, trouble for twitter, meta's facebook prepping arrival app launches as soon as tomorrow >>> and goldman upgrading netflix as the streaming giant regains some momentum in content creation >>> let's begin with the markets. what a treat it is to have you back, jim, because this second half playbook is important >> well, thank you, and it's great to be back i was able to go vacation with my daughters in iceland. i had a lot of time to think about the market, an

i'm carl quintanilla with courtney reagan and mike santoli.nine of the new york stock exchange. sara eisen on assignment and david faber has the morning off. stocks are lower as yields pop two-year at a fresh 16-year high, 10-year above 4, vix at a one-month high on the back of hot numbers across the labor market. >> that's right. markets down more than 1%. 30 minutes into the trading session, here are the three big movers we're watching. start with microsoft, morgan stanley raising its price target to $415 from $335 as wedbush's dan ives says the a.i. boom will push microsoft higher and be the next company to touch a $3 trillion valuation by early 2024 bank of america upgrading sweetgreen to buy from neutral citing the company's growing foot traffic, up more than 60% year to date watch affirm, piper sandler downgrading the stock to underweight. expects higher rates to pressure operating margins. >> ism services in jolts back to rick santelli. >> yes jolts out for the month of may expecting a number around 9, 900,000. a miss, 9, 824, 000. and

has been a barbie blitz in the retail world as the movie gets close to the box office debut re courtney reagan is here with more >> kelly, this is a big deal pink, perky. everywhere impossible to be scrolling social media without barbie with the move release mattel has over 1 00 licensing partners selling headquarters. much is not for kids the gap and pink plastic heels and barbie crocs and rugs and more the toymaker and those selling the pink products are cashing in on the nostalgia and adults. according to analysis, searches for martini glasses up 90900% barbie accessories for adults on amazon increased 400% month over month. revenue for the ken accessories is up 600% compared to the month prior. barbie birthday set revenue is up it is one-third of sales f for mattel it is shy of the '90s sales. the 2016 revamped that launched the size and skin tone and physical ability helped the brand. if the movie doesn't increase sales of the famous malibu r re rer res resident, it lays the blueprint for the strategy to generate new revenue streams for other property they have other films in the pipeline