csx shares are rising. revenue in line. joe heinrichs is csx's ceo and president.. it's great to have you on, joe. >> good morning, morgan. we're glad to be with you. >> i know you're navigating some hurricane impacts here. recession fears, they've been ripping through the markets in recent day, although maybe a little calmer here today. how would you characterize the demand environment right now? >> yeah, i would say it's mixed but generally positive. the chemical business has been up year over year, intermodal. housing lately, autos, some metals and steels have been down lately so we're watching that carefully. we see a strong second half of the year, the things we have visibility to. we're still feeling good about where things are. we have meaningful margin expansion in the second half of the year. that largely comes from the back of holding costs flat. >> listening to you, it sounds like you think soft landing thesis is still intact? >> i think so. we're anxious to see what the fed does in september, to be sure. the auto industry, watch that very carefully. in

shares of csx are higher on the bottom line with shipping increasing 2%.hting the resilience with the baltimore bridge collapse. palantir rallying after growing 7%. the company is raising the full-year outlook calling for 47% growth in the commercial business. and vice president kamala harris securing the democratic nomination. 99% delegates cast support of harris ahead of the convention on august 19th. >>> the mrarkets are attempts t claw back from the session yesterday. the dow looks like it would open 100 points higher. the s&p 25 points higher. the nasdaq 75 points higher. all of them off the highs earlier. joining me now is mark smith from wells fargo advisors. mark, great to have you here. >> good morning, frank. >> let's start off with today. futures are well off the highs. what is your "wex" word of the day? >> this is a great opportunity for folks to take stock of what's going on in their portfolio. a lot of folks have been riding high on tech and pretty happy about it. i would say this is a great opportunity to rebalanceyour portfolio. if youyou

it is idex lab, dexcom, csx and old dominion freight line.this , donald trump wants to win over genz. he's hanging out with influencers and making big promises. >> we're going to save tiktok, so all the people for tiktok vote for trump. stuart: will trump's big gen z push pay off and get the youth vote? jimmy failla on that. the markets are trying to turnaround after wall street's worst day in nearly two years. we'll update you on the rebound after this. ♪ were you worried the wedding would be too much? nahhhh... (inner monologue) another destination wedding?? why can't they use my backyard!! with empower, we get all of our financial questions answered. so we don't have to worry. empower. what's next. did i read this? did i get eggs? where are my keys? memory and thinking issues keep piling up? it may be due to a buildup of amyloid plaques in the brain. visit morethannormalaging.com ♪ in any business, you ride the line between numbers and people. what's right for the business and what's best for everyone who depends on it. solving today's cha

topped by idex, csx, awe do debtsing, cadence designs -- desk. >>> ap sources say kamala harris has chosennor tim walz as her or running mate. economist e.j. antoni joins me. does a harris-walz ticket mean even more liberal economic policies? >> oh, stu, absolutely. we're talking about a guy who wants to put a surcharge on capital gains and dividends here. you want to kill investment, you want to kill economic growth? if that's the way to do it. stuart: yeah. but can he get it through? i mean, they'd have to win the house and the senate and the white house to get through a very liberal series of policy, won't they? -- wouldn't they? >> well, stu, one of the thing, unfortunately, that a we've seen over the last several years is republicans, many of them, willing to bend the knee and go along with a lot of these liberal policies. that's not -- that's how if democrats got through the massive, gloated so-called infrastructure bill -- bloated. you don't need a majority so long as you have a vice president who's willing to break tice like we've seen with kamala harris for literally trillions of

. >> meantime, take a look at shares of csx, moving higher this morning.econd quarter profit estimates. the company getting a boost from high shipment volumes and pricing, even as margins fell from a year ago. that stock up about 2% on the back of that news. a quick programming note, the company's ceo will be on "squawk on the street." that's going to happen at 10:30 a.m. eastern time. >>> lucid says its biggest shareholder, saudi arabia's public investment fund, will provide the ev maker with up to $1.5 billion in cash. the deal comes as lucid looks to start production of its new gravity suv later this year. the sovereign wealth fund has a roughly 60% stake liucid. >>> we'll talk big tech, banks, and the fed and how investors should be thinking about each of them in the wake of this sell-off. stay tuned. you're watching "squawk box" and this is cnbc. >>> welcome back to "squawk box." joining us on the set to daub the market sell-off is nassim taleb, the author of "the black swan." it's great to see you. we're all trying to understand whether what we saw y