for streaming, and bring on the good stuff. - after military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military familiesore than 200,000 veterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. >> welcome to "bloomberg markets ." i am sonali basak. the s&p 500 looking to end the week in the green. it is up .1%. nasdaq 100 up about .2%. philadelphia semiconductor index is where the most love is. the vix relatively flat on the day. hanging out on a 12

for joining us today. ♪ you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military familiesmpowered more than 200,000 veterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world.

and to have a family. ♪ you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and militaryies has empowered more than 200,000 veterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. her uncle's unhappy. we i'm sensing an acunderlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. people couldn't okaysee my potential. for. so i had to show them. i've run this place for 20 years, but i still need to prove that i'm more than what you s

and to have a family. ♪ you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and militaryilies has empowered more than 200,000 veterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world.

for joining us today. ♪ you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military familiese than 200,000 veterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. her uncle's unhappy. we i'm sensing an acunderlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. >> you may want to check your bathroom cabinet. >> the food and drug him administration is recalling hand sanitizer. >> there is a disconnect between

for streaming, and bring on the good stuff. - after military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military familiesered more than 200,000 veterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. >> you may want to check your bathroom cabinet. >> there's a surprising disconnect between what regulators and manufacturers in the usa is a safe product and what actually ends up on store shelves. in recent

military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military familiesmpowered more than 200,000 veterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. max: there is very little in this world that is more prized than ownership. owners have power, say, rights, and they tend to use the things they already own to end up with even more. nobody wants to be owned. if a young person looks at you

syracuse university's d'aniello institute for veterans and military families has empowered more than terans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. these are the stories that set your agenda. treasuries high up. the science of a cooling u.s. labor market. forcing him to lie on allies. plus apollo makes an $11 million bet on semiconductors, agreeing to take a 49% stake in a new intel plant in ireland. we will be speaking to apollo's copresident in just a moment. the treasuries valid. yesterday's yields down. since basis points on the tenure. we look ahead to nonfarm payrolls on friday. european futures with expectations prevent cuts. the ftse 100 can begin 47 points. 10 points up to point of 8%. they talked about the rally in the bond markets. this is a very modest easing. 108 on the euro dollar. some seven dollars of our on rent and bitcoin just bless him to dollars per coin. the intel deal agreed to sell it for numbers in st

military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military families00 veterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. >> a story and 5 words. >> greg: feel good or look good. kat 2000 american women, yum were polled again 66% said improving mental and physical health makes them feel more beautiful than actually improving their physical appearance. are they lying? >> absolutely not. there are times when my mental health was bad i wasn't looking good either. >> greg: the guys are attracted to chicks who are crazy. >> i know. >> greg: 66%. >> not all of us. >> i'm with guy, different league but, yeah,. >> if you don't feel good you are going to look good. >> but there is the stereotype of the bad person being jolly me leave. >> double-edged sword? >> greg: a double-edged sword. if you feel good look bad you will never do anything to improve your bad looks so at college i feel like feeling good

military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military familiesered more than 200,000 veterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. >>

military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military familieserans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. food isn't just fuel to live. it's fuel to grow. my family relied on public assistance to help provide meals for us. these meals fueled my involvement in theater and the arts as a child, which fostered my love for acting. the feeding america network of food banks helps millions of people put food on the table. when people are fed, futures are nourished. join the movement to end hunger and together we can open endless possibilities for people to thrive. visit feedingamerica.org/actnow tom: u.k. inflation falls to the boe's target for the first time in almost three years. in north korea, the russian president arriving for his first visit in 24 years. we are seeing a grand welcome from kim jong-un. reprimanded over deficits, the eu slams france and five other countries from breaking t

military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military families has empowered more than 200,000 veterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. >>> welcome back to "power lunch." shares of mccormick is jumping on second quarter earnings, which beat on the top and bottom lines. the company is seeing strong demands for spices and seasonings in europe and the middle east, while benefiting overall with more people cooking from home. here is brendan foley. good you have to you with us. >> thank you. >>> you're based in baltimore. i wonder how much, if at all, the collision of that ship with the bridge there on 895 or whatever the road is, affected your business, your workers, if at all. >> first of all, let me say our hearts go out to the families who lost loved ones. one other thing -- the state has been remark in errors. mccormick, it did have a bit of an impact, mostly travel related. our

military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military families00,000 veterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. [ ♪♪ ] >>> tyrus find that finally time for some final thoughts any thoughts on trump's performance what you think in general? >> as i explained in the beginning by the end of the debate my face was numb and i saw he came back out to speak and i was like [ bleep ] i'm sick i can't do this. the filling in my stomach was i felt played while the american people like there's serious questions about the so-called media we have they would mislead the american people all the statements we heard medlin going about how awesome he is all his people should be brought thought front and centre to explain this. we need to ask more questions about what's going on in the white house. adam we say it's unfair to joe biden but also unfair for us honestly. >> the format help to trump honestl

syracuse university's d'aniello institute for veterans and military families has empowered more than 000 veterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. her uncle's unhappy. we i'm sensing an acunderlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. >> welcome back. we have china markets heading to lunch. we might need a stiff drink with lunch. the csi 300 right now of my about 1.2%. we have the eu to annou

military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military familiesore than 200,000 veterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. when we're young, we're told anything is possible... ...but only a few of us go out and prove it. witness the greatness of anna hall on a connection worthy of gold: xfinity mobile. only xfinity gives you the most powerful mobile wifi network, with speeds up to a gig in millions of locations. and right now, xfinity internet customers can buy one unlimited line and get one free for a year. get the fastest connection to paris with xfinity. >>> welcome back to "worldwide exchange." time for the "wex wrap-up." we start with spacex selling insider shares at 112 a piece boosting the valuation from 200 to $210 billion. the highest valuation for a u.s. private company ever. still lower than bytedance's valuation. >>> watching shares of trump media after it closed 8% high

military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military familieserve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. >> this is bloomberg equality. romaine: this june we have broadened our coverage to take an all-inclusive look at what social, equity, and equality truly means for & co. -- for companies and our collective global prosperity. we are going to go deep into several topics. that includes the impact of the election in the u.s., as well as the nuance of equality initiatives around the rest of the world. >> that is where we start today.

syracuse university's d'aniello institute for veterans and military families has empowered more than terans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. want to save on some of the biggest names in streaming on w the network made for streaming? x marks the spot. now you can add the new xfinity streamsaver™ that includes netflix, peacock, and apple tv+. that's xfinity streamsaver™ for just $15 a month. all your favorites. all in one place. only from xfinity. for more watching and less spending... x marks the spot. do it all on the network made for streaming, and bring on the good stuff. ed: welcome back to "bloomberg technology." ed ludlow in san francisco. i am micro focused on bitcoin. this is an asset the trades 24/7. over the last seven days or so, we have had one of the worst weeks of the year so far. it is interesting. bitcoin just above $61,000 per token, hovering at a more than one month low. the other dataset would look at

for streaming, and bring on the good stuff. - after military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military families veterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. announcer: from the heart of where innovation, money and power collide in silicon valley and beyond, this is "bloomberg technology." caroline: thg bloomberg technology. coming up, insiders cash in on the rally as the stock pushes deeper into record territory. full chip coverage ahead. plus tiktok parent bytedance embarks on a high stakes bid to overturn the law requ

syracuse university's d'aniello institute for veterans and military families has empowered more than 0,000 veterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. a slow network is no network for business. we that's why more choose comcast business. and now, we're introducing ultimate speed for business —our fastest plans yet. we're up to 12 times faster than verizon, at&t, and t-mobile. and existing customers could even get up to triple the speeds... at no additional cost. it's ultimate speed for ultimate business. don't miss out on our fastest speed plans yet! switch to comcast business and get started for $49.99 a month. plus, ask how to get up to an $800 prepaid card. call today! >>> uk challenger bank monzo reported a pre-tax profit of 450 million pounds. that's against a loss of 415 million pounds the previous year. the bank has gained 10 million customers since launching in 2015. i'm joined now by the ceo ts ra anil. thank yo

military service, you bring a lot back. to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military familiesed more than 200,000 veterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. her uncle's unhappy. we i'm sensing an acunderlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. katie: the world's first dogs only airline offers charter flights from new york to l.a. to london. the price tag with the first tag flight expe

military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military familiesered more than 200,000 veterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. abigail: -- katie: well, good news for travelers at the start of the summer. airlines are using discounts to fill a surplus of seats. abigail doolittle has a look at the travel industry. abigail: certainly is good news for anyone looking to get on a plane. particularly the flights midweek , that is where the discounting is. if you take a look at what's happening on long holiday weekend airplanes, they are pretty packed. planes in the u.s. are basically just below 3 million per day travel throughput. as for the stocks related to the travel industry, not surprising that given the discounting and the number of people on planes we are seeing real strength in the passenger airline index overall, a very healthy 9%. royal caribbean people are cruising up. viking,

for streaming, and bring on the good stuff. - after military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military familieseterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. life's daily battles are not meant to be fought alone. - we're not powerless. so long as we don't lose sight of what's important. don't be afraid to seize that moment to talk to your friends. - cloud, you okay? because checking in on a friend can create a safe space. - the first step on our new journey. you coming? reach out to a friend about their mental health. seize the awkward. it's totally worth it. ♪ anna: good morning from london. this is "bloomberg markets: today." i am anna edwards alongside kriti gupta. nvidia becomes the world's most valuable company as tech drives

military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military familiesserve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. >> i believe he wanted so badly for this to go away the way inrounds influenza goes away. when it did not go away looking for magical solution. go away like magic. when that didn't work then we had to have these miracle cures like hydroxychloroquine which he got from laura ingraham on fox news. >> laura: i'm glad he remembered, how sweet. joining me now dr. stephen smith, founder of the smith center for infectious diseases and urban health. he was one of the original members of "the ingraham angle" medicine cabinet back in 2020. steven, great to see you as always. so, back like freddy krueger trying to absolve himself of any bad judgment or failures during the covid management, stephen, on that one issue chiewrpt therapeutics combating. >> good to see you on the show again even remotely. i

syracuse university's d'aniello institute for veterans and military families has empowered more than s and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. her uncle's unhappy. we i'm sensing an acunderlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. >>> welcome back. time for your wex wrap-up. shares of gamestop as keith gill, also known as roaring kitty, appears to be increasing his position in the company and posting another yolo update stake

syracuse university's d'aniello institute for veterans and military families has empowered more than ns to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. craig here pays too much for verizon wireless. so he sublet half his real estate office... we give veterans access to support [ bird squawks loudly ] to a pet shop. meg's moving company uses t-mobile. so she scaled down her fleet to save money. and don's paying so much for at&t, he's been waiting to update his equipment! there's a smarter way to save. comcast business mobile. you could save up to 70% on your wireless bill. so you don't have to compromise. powering smarter savings. powering possibilities. people couldn't see my potential. so i had to show them. i've run this place for 20 years, but i still need to prove that i'm more than what you see on paper. today i'm the ceo of my own company. it's the way my mind works. i have a very mechanical brain. why are we not rethinking thi

military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military familiesered more than 200,000 veterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. >> harris: the first named storm of the hurricane season is bearing down on texas, tropical storm alberto already made landfall in mexico. fox weather's robert wray is in padre island, texas, robert. >> good morning to you and everyone watching from padre island along the coastline of texas. tropical storm alberto made landfall near mexico this morning. just turned into a tropical storm yesterday and the impacts have been tremendous. think about this. we're still seeing heavy surf here and a wind feel. rain intermittent on the coastline. three people have lost their life in mexico. here up in the united states yesterday was fairly intense at least in this part of the texas coastline. look at some of the video at about 7:00 central yesterday had some of the

military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military families00 veterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. her uncle's unhappy. we i'm sensing an acunderlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. the all new godaddy airo helps you get your business online in minutes with the power of ai... ...with a perfect name, a great logo, and a beautiful website. jus

military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military families empowered more than 200,000 veterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. >>> all right. welcome back to "worldwide exchange." take a look at futures right now. the dow looks like it would open 100 points lower the nasdaq and s&p firmly in the green. nasdaq spiking this morning following broadcom's earnings and the announcement it would do a ten for one stock split. >>> international news, president biden is in italy for the g7 summit. the group of world leaders are confronting a number of issues as home, even as they attempt to come up with solutions for many of the world's most pressing problems it's a pretty long list including the war in ukraine and the trade tensions with china. our steve sedgwick is on the ground in italy with much more steve, good morning. >> yeah. frank, i think your intro is absolutely spot on the

military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military familiesmore than 200,000 veterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. craig here pays too much for verizon wireless. so he sublet half his real estate office... we give veterans access to support [ bird squawks loudly ] to a pet shop. meg's moving company uses t-mobile. so she scaled down her fleet to save money. and don's paying so much for at&t, he's been waiting to update his equipment! there's a smarter way to save. comcast business mobile. you could save up to 70% on your wireless bill. so you don't have to compromise. powering smarter savings. powering possibilities. ♪ pete: some have suggested you could appeal straight to the supreme court because of the special nature of this case. when it comes to the legal maze that a you're still facing, and the judge could decide to say house arrest or even jail, how do you face -- >>

military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military familiesed more than 200,000 veterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. maria: welcome back. hunter biden's federal gun trial is set to begin tomorrow in delaware with the first son facing three felony charges related to his purchase of a firearm while lying about his drug use. special counsel david weiss' team wrote in a filing with federal court that they intend to introduce hunter biden's laptop as evidence in the trial saying it's, quote, real and that it containses significant evidence of the defendant's guilt. this despite just weeks before the 2020 election former intelligence officials saying the laptop had all the markings, the hallmarks of russian kiss information as well as former house intelligence committee chairman, congressman adam schiff, pushing the narrative9 that the laptop was russian propaganda. the claim wa

military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military familiesraining, to help navigating programs and services, we give veterans access to support from anywhere in the world. and then cherry on top, 10 for 1 stock split, joining the likes of nvidia. shares are up, like you said, 13%. market cap is 10% of surpassing berkshire and eli lilly. it's having a positive read-through. not only -- i mentioned some names, but having a positive read-through on most of the chip space, especially nvidia. arista because they compete in the same space. the custom chipmaker broadcom only raised its annual revenue about $1 billion. most improvement was acquiring vmware but it leaves room for a.i. as an additional uptick. they guided revenue from $10 to $11 billion. the ceo was questioned on the call. he alluded to maybe that being a little higher. he tends to be quite conservative. it's no wonder almost a dozen analysts are rushing to increase their price target. you can see well above 2,000 bucks. the fundamentals should push higher from here led by a.i., the no

military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military families careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. joins us right now. david, great to have you with us? >> thank you for the invite this morning. >> the european stocks have been on fire so, where specifically outside the united states do you like? >> really, when you look at valuations, even though certain aspects of the european market have gone up and you see the drug companies in particular that are involved in the glp-1s, these things have gone up. but there's large areas within europe, in particular, if you look at german industrials and european financials that are trading in that really, really low valuations. these are businesses that have great exposure to what's happening all over the globe, not just in europe, but in asia and the united states. what you see is similar to the u.s. when we have this bifurcation, certain sectors being at hugely elevated valuation

and cdw. - after military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military familiesas empowered more than 200,000 veterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. >>> the data closely watched by the fed did match expectations today, showed inflation slowing to the lowest rate in three years. month on month, core was up 0.1. overall, pce unchanged. we got some are of in super core, up 0.1. that's the lightest since august of '23. >> we're really down to rents. >> rent? even morgan stanley yesterday said insurance, likely breaking here. >> insurance is breaking. we already got the previous cpi. i'm surprised they missed that. in the previous cpi, if you take for auto, people aren't reporting their accidents. you get some people who say, wow, i want to get in this game, i take their money, and i don't have to worry about accidents, i can come in under everybody else. i think that's a growth story. it's very dif

military service, you bring a lot backctly to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military familiesheir careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. craig here pays too much for verizon wireless. so he sublet half his real estate office... we give veterans access to support [ bird squawks loudly ] to a pet shop. meg's moving company uses t-mobile. so she scaled down her fleet to save money. and don's paying so much for at&t, he's been waiting to update his equipment! there's a smarter way to save. comcast business mobile. you could save up to 70% on your wireless bill. so you don't have to compromise. powering smarter savings. powering possibilities. food isn't just fuel to live. it's fuel to grow. my family relied on public assistance to help provide meals for us. these meals fueled my involvement in theater and the arts as a child, which fostered my love for acting. the feeding america network of food banks helps millions of people put food on the table. when peo

for streaming, and bring on the good stuff. - after military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military familiesir careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. i'm live in aspen, colorado, this morning as the aspen ideas festival. media partner. coming up, highlights from a conversation i had with ceo of microsoft, a.i., mustafa and later in the hour brian grazer talking about storytelling in this era of streaming. sam altman from openai is here. we'll bring you parts of that conversation. brian chesky, airbnb guys also touching down in aspen a little later today. charlie scharf from wells fargo, ceo, in town as well and a number of other conversations. tomorrow talking to peter thiel right ahead of the big debates and also larry summers. a lot more coming to you over the next basically 24 to 48 hours. >> i want to be a fly on the wall. that peter thiel interview on and off camera, i think, andrew. should be -- brian staying -- i bet the airbnbs are really nice in aspen? i bet

for. - after military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military families00 veterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. >> it's really about a couple of stocks over small number having an outside effect on the markets. >> there is an underlying risk. folks have gotten so bullish. >> definitely a whiff of a bubble about it. >> this is the biggest megatrend we have today. you will either implement artificial intelligence or be left behind. >> you can't stand in the way of that freight train. >> this is bloomberg surveillance with jonathan ferro, lisa abramowicz and annmarie hordern. lisa: is the economy weakening or weak? the gap is getting narrower and narrower. this is "bloomberg surveillance ." jon will be back next week. we are seeing a bit of exhaustion in the market as it has hinged on one stock. dani, gift feels as though people are starting to lose confidence for the foreseeable future.

for business. - after military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military familiesheir communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. lisa: heading into tuesday with 13% declines on the shares. nasdaq 100 futures gaining the most, not surprisingly giving nvidia a rebound. s&p futures are up 2/10 of 1%. would i find interesting is this idea of lifeboats and the question of which are the lifeboats, saying that sometimes you get a lifeboat that sinks and you move on to the other but how much do the lifeboats keep the market afloat regardless of the cylinders raising issues underneath? dani: great boating metaphors. the other one i liked was this idea that we are running from side to side. one area takes on water, you go to the other side and then you have this home on the surface and underneath there is this tension and when does the tension come to a four in a bigger selloff? does it take the entire market down with it? lisa: and

military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military familiescertifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. >>> welcome back to "squawk box." futures look very similar to what we've been seeing most of the morning. nasdaq strong, unlike the past couple of sessions, bitcoin is higher today, and on a pretty good move there. over 3% now, back above 61,000 now, andrew. >> thanks, joe. meantime, i'm in aspen at the aspen ideas festival here. nbc universal group is a media partner, and joining me right now to talk insurance rates, inflation, the climate, and so much more is all-state ceo, tom wilson, who has been coming to this event for how many years now? >> 19 years. 19 years. so we've been having a great debate on the air for now, many a days, if not months or years, about the state of inflation and what it's doing to the business. why don't we start there before we get into insurance itself. where do you think we really are? >> inflation certainly doesn't s

military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military familiesan 200,000 veterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. >>> nvidia announced its new line of ai processors. the ceo jensen huang announcing the new architecture. it's dubbed rubin. nvidia shares this morning up 2.7% for the year, up 186%. joining us to take a closer look at the ai landscape is a partner at altimeter and aporv, let's talk a little bit about what we've seen with nvidia. we have a way of describing this. this is very different than what we saw in cloud computing. this is the semiconductors that are making all of the money at this point, but there is a pyramid that's stacked on top of that. >> becky, thanks for having me. it's great to be here. jensen giving us a preview of rubin is a clear commitment to their move to from a two-year product psychcycle to a one-yea product cycle. going forward we expect them t

for intl peace. more still from new york, this is blg. you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military familiesan 200,000 veterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. jonathan: equity futures on the s&p 500 negative one third of 1%. on the nasdaq down one third of 1% also. the russell underperforming. in the bond market, here are your scores. on the two year down four basis points. on 10 we are down three. this from andrew hollenhorst. dovish risk going in tomorrow. that is not what we have heard from the consensus. andrew saying powell may lean dovish. an upward revision from 2.6% to 2.9% core pce inflation, what could be seen as a hawkish backdrop. he goes on to say that a rising unemployment rate, including what they project to be .26% means we see more dovish risk at tomorrow's fomc meeting. lisa: to comments. -- two comments. there gas given that we have seen jay powell code of -- a fair gas given we have seen jay powell go do

syracuse university's d'aniello institute for veterans and military families has empowered more than ities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. schpwikert on the fiscal company and later new york clamping down on social media plaid forms and their eartr algorithms. new york governor kathy hochul joins us to discuss. you know, to discuss. period. "squawk box" will be right back. we're going to discuss it. at least, not the way it could work. your people are buried in busy work. and you might be thinking... can ai make it all work? it can. on the servicenow platform, ai transforms your entire business. because when your people work better, everything works better. so, let's get to work. idris elba works here? mm-hmm. ya, he's super nice. we see you. athletes. investment bankers. doctors. business leaders. we see your ambition. your desire to succeed. which is why we are investing in your future. ...empowering the next generation to reach the c-suite a

military service, you bring a lot backgame. to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military familiesties and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. lisa: just moments away from u.s. economic data with initial jobless claims. they have been coming in at an elevated pace. what that says about the potential weakening and tipping point we are at. s&p futures are up 0.4% and the nasdaq outperforming about half a percent. yields are marginally higher as we prepare for u.s. initial jobless claims and housing starts and building permits all coming in. michael make he with us. what do you see? mike: i don't have great news or bad news either in jobless claims. 238,000 after 242 in the unrevised number from last week. it is down but not down a whole lot. does it tell us anything? continuing claims, over 1 million and that would be a rise of 8000 if we did not have an updated number. we will get to those as soon as they come through. it is a significantly -- it's h

syracuse university's d'aniello institute for veterans and military families has empowered more than rom professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. eminently is a bit cart before the horse. i think sort of some point of recourse between the two sides and i think it is not clear that this transactions going to move forward as planned. >> well, rich greenfield with us last week. as you can -- i don't need to tell what you he said. saying skeptical a deal would get done. yep. what he just said. news broke yesterday that the merger was called off after national amunsments said it had not been able to reach acceptable terms on the potential transaction. joining us, rich greenfield. i mean, with what they implied yesterday, rich, and what you said last week, what was really happening behind the scenes? where were the problems? >> look, i think this was never an easy transaction. it was easy for national amunsments and the redstone family. they would get paid a lot of money. public sha

military service,day you bring a lot backg.com. to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military familieserans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. >> generally speaking, the trend in inflation is lower. >> i don't think inflation will pick back up. i think it is slowing and will keep slowing. >> markets are trying to figure out what the fed is going to do. it is pretty much data dependent. >> there's a lot of data between on september. if we see the labor market continued to cool, they will go-- >> think inflation is coming down and that allows the fed to cut. >> this is "bloomberg surveillance" with jonathan ferro, lisa abramowicz, and annmarie hordern. jonathan: good morning, good morning morning, the second hour of "surveillance" continues. there is one word you have heard repeatedly associated with democrats, panic. lisa: panic after a sad debate, and a lot of people say that there are questions in the democratic party ab

military service,. you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military familiesed more than 200,000 veterans to serve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. want to save on some of the biggest names in streaming on w the network made for streaming? x marks the spot. now you can add the new xfinity streamsaver™ that includes netflix, peacock, and apple tv+. that's xfinity streamsaver™ for just $15 a month. all your favorites. all in one place. only from xfinity. for more watching and less spending... x marks the spot. do it all on the network made for streaming, and bring on the good stuff. jonathan: quite a session yesterday. i don't think we are going to top that today. muted moves. nasdaq 100 up by .6%. lisa: are you daring someone to say hold my beer? we are not going to have a 29th record high. good luck. jonathan: just to clarify. based on the schedule i don't think you would have a session like that again.

military service, you bring a lot back to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military familiesrtifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. people couldn't see my potential. so i had to show them. i've run this place for 20 years, but i still need to prove that i'm more than what you see on paper. today i'm the ceo of my own company. it's the way my mind works. i have a very mechanical brain. why are we not rethinking this? i am more... i'm more than who i am on paper. matt: futures hovering around zero after disciplining retail data. countdown to the open starts now. ♪ coming up, yields falling, futures muted after the latest retail sales print undershot estimates. golden step -- goldman sachs sticks to two because this year. citi places its services business front and center as

military service, you bring a lot backness. to civilian life. leadership skills. technical ability. and a drive to serve in new ways. syracuse university's d'aniello institute for veterans and military familieserve their communities and their careers. from professional certifications, to job training, to help navigating programs and services, we give veterans access to support from anywhere in the world. it about 60 minutes we jonathan: , cpi. s&p 500 futures are positive on the nasdaq, up by two, a bit of a lift after the all-time highs of yesterday's session, thank you apple. especially -- lisa: especially given the political risks we've been talking about in the sympathy selloff in the u.s. with europe. yesterday we got the 27th record high this year. the 15th record high on the nasdaq. best day since november of 2022, $215 billion on their market cap. how are we just sort of numb to these moves? these are everyday occurrences we just don't even think about anymore. jonathan: in the premarket apple was barely moving and then it picked up after the launch. but on the day of the launch of ai, we were down something like 2%. lisa: it doesn't make sense. honestly, it doesn't cohere. people sa