. >>> plus, disney's ceo telling david faber everything is on the table to right side and reorganize the company as streaming completely disrupting the entertainment business. >>> and later, are shares being artificially sweetened and progressive just lost a bundle today sorry, flo i'm melissa lee, this is "fast money," we're live from the naz d nasdaq market site >>> a strong day for stocks, as investors cheer, but one more cooler than expect ed report. the major eindices all up the dollar dipping to its lowest level since last april rates also taking a massive leg lower as we mentioned. the ten-year yield sliding to its lowest level of the month. the two-year, just at 5.15 last week trading with just over 4.6%, so, what are the moves and rates telling us about the markets we have right now, guy >> well, it's the monday market confused as i am, clearly. i don't think the bond market knows where it should be going in terms of where the economy is as, where is demand at ppi is a very positive thing, a very negative thing. maybe there's going to be demand instruction on the back end. m

we're excited about that >>> up next bob iger on the record our david faber speaking exclusively with the ceo we're back right here in tahoe on "the half" in two minutes [coughs] good to go. yeah, i think i'll get a second opinion. all these walls gotta go! ah ah ah! i'd love a second opinion. no. i'm going to get a second opinion. with innovation refunds, there's no upfront cost to find out. so why not check like i did for my small business? take the first step to see if your small business qualifies for the erc. what do you see on the horizon? take the first step to see if your small business uncertainty? or opportunity. whatever you see, at pgim we can help you rise to the challenges of today, when active investing and disciplined risk management are needed most. drawing on deep expertise across the world's public and private markets in pursuit of long-term returns... pgim. our investments shape tomorrow today. powering sustainable growth in a changing world. powering financial solutions that transform industries. powering innovation with access to capital. powering critical decisi

from alan and company sun valley media conference conducted by peabody award-winning journalist david faber. how's that, david? he asked me to -- no, he didn't. >> see you friday. >> kelly tomorrow. make sure you -- she only has one name "squawk on the street" is next ♪ >>> good wednesday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer at the new york stock exchange david faber is on assignment, heading to sun valley as joe says, where he'll have an exclusive with iger tomorrow at 8:00 a.m. eastern time >>> meantime, the bulls get their wish as june cpi comes in cool lowest monthly core in more than two years. yields are dropping, two-year near 4. 4.75% inflation falling to its lowest annual rate in two years >>> a judge rules microsoft can close its deal to buy activision >>> and domino's shares are surging, announcing this new partnership delivery with uber >>> let's begin with cpi coming in lighter than expected airfare is down, used cars down. >> there's a lot of oddities i mean, there's a couple of real wins that people aren't thinking about. you've got

two years to the term he wants to ensure the company is strong when the successor takes the helm david faber will speak with bob iger at 8:00 a.m >> i was kidding about iger. that was self serving. have you been on one of these things you have to do it yourself what is that called? >> the climber >> i don't know. he does it for 40 minutes. i can do it for -- my guy tells me i need to do it and i am start weeping. i'm on for 45 seconds. 75 he will be 75 when he is done. i think he is 72. >> is the age thing relevant here >> i don't know. have you watched what happened in washington? >> 80 is the new 70. >> not all 80 year olds are created equal. >> especially with bob iger. it is not about his age. this is a question of fit. is he the right person is he the right person to lead the company? he needs a couple of years to figure it out. >> being in my mid to early late 50s. whatever you want to say we can go forever. look at shatner. he has done "the anmazing race. we. >> -- >> we talked to the head of the cruise line the other day. he went across the amazon. >> you are a tenth of the way throu

to "squawk on the street," i'm carl quintanilla with jim cramer at the new york stock exchange david fabers in sun valley will join us in a moment to talk about that exclusive with disney's bob iger a few moments ago. meantime, stocks power on as yields fall to some one-month lows producer price inflation comes in light, nearly flat year on year, q2 earnings began, pepsi, delta, and more. our road map begins with disney extending iger's contract through 2026 june ppi, cooler than expected on a monthly and an annual basis. >>> and earnings and the consumer, delta and pepsi with quarterly beats and both raising guidance let's begin, though, with disney and iger jim, we'll talk to david in a second, but espn, linear tv, the parks, the strike, box office, he got it all. >> he did, and to me, between the lines, what i heard is, listen, you may be really worried about how much money we're spending, but we've got partners we've got people who want to be in it. you may think what we have is an old line-up, but we've got new people i'm going to ask david apple, such a natural, because at the vision

bob iger saying espn and discussing potential plans for sports and the network what he told our david faber. >> there is an nernervinevitabig direct to consumer don't know when but will happen. >> sooner than say seven months ago? >> no. much more certain when but not prepared to say when that is i won't say whether it's sooner or not but i'm enthusiastic about it. >> for more we're joined by a leadership professor at nyu sterns school of business and managing >> so much top-level, and by top i mean right under iger, talent churned out of disney in the past decade because he's kind of, gone out, then not he's in, he's out. even after what happened with chapin i can't imagine who thinks there's going to be a smooth handoff next time how much of a challenge for the board and for management to think they've got any shot at rising up hiring already >> a great question. i think at this point there's actually very good people there. i don't think everybody has left there is great talent there, otherwise the company wouldn't be doing what it's doing facing significant challenges in a very complica

steve kovach seeing the reaction in activision shares up 4.3% or so want to get to david faber joining us on set. he's on the phone, of course clearly, this was a surprise, at least -- david had been reporting it was sort of moving this way and through the courts but you can see relief in activision shares. >> there had been so much momentum for those who argue that this was going to be a difficult deal to pass, certainly within -- within a certain time period. steve kovach gave us the basics. >> we had said from the outset it was a tough case for the ftc to prove and they did not seem to have done it in courts. certainly when you listen to the testimony of witnesses, read the transcripts. i wasn't in the court itself but i had a number of people who were there the ftc, they felt, had not fully proved the case, of course it was a tough case for them to prove with the existing law in terms of is this really going to prevent competition for those who own the hardware, so to speak. and will they control the games that they develop themselves and not allow them to be used on other platform

some breaking news out of disney shares right now are up in the afterhours let's get straight to david faber in sun valley, idaho, for all the details. david? >> reporter: yeah, melissa, tomorrow morning, we sit down with bob iger, of course, the ceo of disney. and the news right now is that he will be ceo of the company for a bit longer than had been anticipated. of course, our viewers may recall mr. iger returned to disney late last year as its ceo of a 15-year stint in that job out about 11 months. returned with an end date of the end of 2024. the board of directors has requested and he has accepted an extension of his contract through the end of 2026. perhaps a reflection of the challenging times that disney finds itself in. perhaps, as well, that he wants to accomplish certain things and didn't have enough time in which to do it also puts off, of course, the search for a successor i'm told that senior management was involved in the decision and was encouraging of mr. iger remaining at the company, so, the second stint for bob iger would appear to extend for what would be a total of roug

. ♪ >>> good wednesday morning, and welcome to "squawk on the street," i'm david faber with jim cramerwe're live from most post nine at the new york stock exchange carl has the morning off futures looking like we're going to have a lower open of course, 2:00, fed meeting, can't forget that. and an awful lot of earnings to digest this morning. that's where our road map starts alphabet and microsoft, yep, the two of the biggest giants out there, they have earnings. stocks moving in opposite directions jim and i will break that down >>> plus we do have boeing shares higher, that on its better-than-expected earnings, and dave calhoun, company ceo, is going to join us a few minutes from now to talk about the quarter. >>> we're also going to look to the fed, expected to hike interest rates this afternoon following what was that pause. all right, let's start with alphabet and microsoft jim, i know you have obviously been working on this ever since they reported those numbers. i got a bunch of stuff here as well just start us off. what are you thinking? >> first of all, alphabet was extraordin

i'm carl quintanilla with jim cramer, david faber.f news headed our way this week. retail sales and earnings coming off the best week since march futures pointing to

iger joins david faber at 8:00 a.m. on cnbc. >>> the ftc says it is appealing the decision to green light the microsoft's $69 billion bid for activision-blizzard. >>> meta platforms is releasing a commercial version of the a.i. model to better p compete with open a.i. and google. >>> and shares of visa sinking after it launched a satellite suffering malfunction that may impact its performance shares down 21%. >>> the s.a.g.-aftra union is voting to strike the union says the national board would meet today on the strike. >>> and cathie wood's ark has the sale of the ev giant the largest since. >>> and looking at the fresh market with the win streak and the next guest says stormy skies could be in the future victoria greene with g squared is with us great to see you. >> good morning, frank. >> stormy skies ahead. what is the "wex word wof of day" here? >> my word of the day is calm. we have macro clouds on the horizon we have to keep our eyes on we are in the dihngy in the oc ocean. >> it is hard not to pay attention. the

get up to date to protect the actor and writer >> on the other side, disney's ceo bob iger told david faber yesterday just how disruptive these strikes are. >> there is a level of expectation they have which is not realistic. they are adaing to the set of challenges that this business is already facing which is, frankly, disruptive. >> for more on what this means for the markets and your money, i'm joined by matthew harrigan. good morning >> thank you, frank. good morning >> a lot to unpack here, matthew. a lot of publicly traded companies exposed to the dispute. disney, netflix, paramount and comcast. parent company of nbc universal. which one will see the biggest near-term impact and which is able to weather the impact >> they have a material backlog of content i don't think everyone will start watching korean dramas nonetheless, over 50% of show production certainly in terms of show count or episode count is overseas i think they are in a decent position i think your parent company comcast is in a decent position with peacock because of the strong element of sports and reality there as w

. >>> a hollywood stand still as the actors union joins the writers strike bob iger telling david faberterday the writers and actors are not being realistic with their expectations pressure is building, a price target cut for disney today. that call is up next with gold bond... you can age on your own terms. retinol overnight means... the smoothing benefits of retinol. are now for your whole body. plus, fast-working crepe corrector diminishes wrinkled skin in just two days. gold bond. champion your skin. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones 76% of 23andme health customers surveyed reported taking healthier actions. i'm so glad we did this. because they know health isn't just a future state. health happens now. start your dna-powered health journey today with personalized insights from 23andme. there are some things that go better... together. like your workplace benefits... and retirement sa

i'm carl quintanilla with jim cramer, david faber. features are soft to start the week as this china data disappoints. a lot of news headed our way this week. retail sales and earnings coming off the best week since march futures pointing to a bit of a rally pause. >>> ford in focus. it's slashing its prices on the f-150 lightning. at&t is downgraded it's now on pace for its ninth day in the red, trading at lows it has not seen since 2003 >>> let's begin with the markets including that busy week ahead on the earnings front. jim, 11% of the s&p in so far. tracking at 6% beat. b of a thinks they'll finish the quarter up 3 >> i think a lot of companies are doing much better than expected i love the wells fargo net interest income, up 10 to 14 jpmorgan's quarter, 20% growth david, pepsico and conagra downgraded today they don't have the growth that the banks have >> really? >> they don't. kind of amazing. jpmorgan, it's in a class by itself it's almost as if it's the nvidia of the bank >> you know, interestingly on a macro level, the comm

. ♪ >>> good thursday morning, everybody, welcome to "squawk on the street," i'm david faber he is jimramer we are live from post nine at the new york stock exchange. carl has the morning off you just saw futures take another look at them, will you? look at that nasdaq number >> well, david, there's a company that's on the nasdaq that we're going to have to discuss. >> okay. i bet you that's where our road map starts the name is meta and it was a -- well, it was a monster quarter. shares are going to be higher. >> i haven't used that term in a long time. >> double-digit revenue growth for the first time since 2021. and overall, of course, you just saw what we're setting up for in terms of the market. it's bullish momentum. this after the fed does raise rates to the highest level in more than 22 years. fresh data also adding to the rally. >>> service now unveiling new generative a.i. tools after the company beat on the top and bottom lines its ceo will join us in a first on cnbc interview this hour. >>> we're going to start with meta and that big earnings beat, issuing optimistic sales

david faber has the morning off.remarket is stumbling here as the job market data comes in extremely hot. adp doubles expectations, and yields are crossing important lines. ten-year above 4%, first time since march. two-year, a fresh 16-year high adp shatters expectations, futures falling on the news. the treasury secretary begins her china visit, landing in beijing early today, looking to calm tensions. >>> and meta, as you know, officially launching threads millions join, but will it prove to be a twitter killer let's begin, though, with the markets here >>> jim, you tweeted this morning that you didn't like the feel now, what does this data do? >> same as yesterday we're just in a -- wow the data is just really bad. if adp is right, which they almost -- a half million people got jobs, there's been some geographic areas that aren't so strong south wasn't strong. but i don't think anyone's set up yet, particularly if they trade treasurys, for what remains a boom i mean, i have been saying it's not a hard landing, no

i'm david faber. that's jim cramer.e thinks he's on espn it's actually cnbc >> you are such a bad guy. >> carl has the morning off which, of course, he can already tell let's get a look at futures this morning. of course, you heard rebecca talk about it. dow, it looks like it may open down, but the nasdaq is one of the keys that does appear to be set for a higher open. roadmap this morning starts with blue-chip earnings we have a parade of names such as 3m, ge, verizon we'll talk danaher -- gm, of course, speaking of that, we got an exclusive that will be with gm ceo mary berra. the company raised full-year guidance and increased cost cutting as well. quote, we were wrong morgan stanley's mark wilson saying -- >> what page is that >> page five >> mostly we hear we were right. it doesn't matter. at the same time he did admit he was wrong. he didn't eat crow he kind of ate sparrow >> all right we'll talk about mr. wilson. let's get to the earnings because it is a busy day, jim. i'll go where you want at some point during

welcome to "squawk on the street" i'm carl quintanilla with james cramer and david faber. new york stock exchange coming off a deep finish, now whispers about a soft cpi tomorrow futures are solid. ten-year back below four our roadmap amid the turbulence. amazon kicking off prime day what's at stake for the company and what does the street say about the stock and the senate holding a hearing on the pga liv golf merger a day after at&t stephenson resigned from the pga tour board over that deal. let's begin with big tech. a day after the nasdaq said it would rebalance to address the overconcentration, wells has names that might benefit from some of this starbucks among them >> i look at that. i actually like this because, if you're going to take this thing down to 55%, there are going to be some winners -- it was up three yesterday. a lot of people thought it was up three because of positive news about the possibility of still one more chinese -- i don't know, infrastructure play. i also know that -- it was like everyone was laying in wait for amazon they should not have --

i'm david faber with leslie picker and scott wapner.e are live from post nine at the new york stock exchange. carl and jim both have the friday morning off let's give you a look at futures. of course, you heard becky talking about we're looking for a higher open. we were at the time yesterday, and in fact, we got it but things sort of changed as the day went along let's start with our road map and those stocks that are in rally mode the s&p would be on pace for what would be its third straight week of gains, this as investors digest the latest batch of inflation data >>> plus, intel returning to profitability after two quarters of losses, sending shares surging in the premarket >>> and the bank of japan shocking the global financial markets with its latest policy tweak. we've got the details. >>> we'll start with the markets on this last trading day of the week, that much, i know. >> good job. >> beyond that, i don't have a lot. i'm glad you two are here to help >> at least you got that one. >> i got that one. >> it's all downhill >> we

they'll continue to fight the fight in the regular -- >> that was the tone that bobby struck with david fabers morning. faber said do you think there is a 99% chance it would get done and that's how the market is thinking about it. >> clear sign that 7% mortgage rates are taking a toll on the housing market according to redfin 1.1% of the nation's homes changed hands in the first half of the year and that's the lowest level in the decade and equates to 14 of every 1,000 homes and that puts a number on what we call the inventory problem. the pre-pandemic average was 2% of homes changing hands in the given year and it's easy to see why. why if you own a home with low or no mortgage, with a low mortgage rate would you sell and take on a high mortgage? >> it's not going to unlock until rates come down, and it will take some time. >> this is not unexpected. the top-level executive -- wait, am i reading this right? they're leading the resistance against -- okay. a survey from mackenzie found the largest share of employees who prefer to work from home are those earning more than $150,000 per year 44

this dates back to last week when bob iger spoke to our david faber mentioned that he had had preliminaryussions about strategic partner for espn the speculation of the time was that maybe he was referring to a big tech company or another media company, but unimportant today that toes discussions really have been the leagues themselves creating a sense that the quote that bob iger used to describe why he wanted this was he was looking for a partner to bring either distribution or content. who owns the content the leagues own the content. that makes the most sense that the content harbor. >> and raises sorts of issues thinking about not least of which, how do you as a news organization still objectively cover leagues that are now invested in you? >> yeah. i'll give you several things that are sticky and problematic about this that's one espn somehow barbs around ownership making sure there was objective reporting going on i suppose that argument is that espn already obviously sports, their business objectivity would be pressed further with minority shareholders no question. other reasons t

. >> i think it was david faber's interview. we talked at north of 90 bucks, 90 1/2. stock does not trade well. it is telling me there is a problem. i think the airport on the ninth of august, if i'm not mistaken. i don't think meaningful rally and take it to earnings which is a few weeks away. >> if you are going to cycle out of the ones that are wounded and could be more wounded in a strike scenario, should netflix be at least a short-term winner? at least for the short term ? >> there is nothing to cycle into. everything else is gotten decimated and continues to not get a bid. the answer is, maybe you don't cycle into a competitor for you cycle into a different stock. if you're running a fund or training your money. if you're running a fund, you will cycle into something that is either cash or competitor. if you're running your own money, you just get out of netflix and wait. >> for more on what the sag- aftra strike could mean for companies, we will check in with julia boorstin. we don't quite yet. >> there is a little hick up. >> there standing in front of a pick

>> good friday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer david fabers back at post nine of the new york stock exchange bulls looking to wrap up the biggest weekly rally for stocks and the banks will head up today. return on equity, import prices down six year on year. that's adding to this week's disinflation theme our road map begins with the banks. >>> and we're also going to have an exclusive interview with larry fink blackrock is the world's largest asset manager and it posted a jump in earnings and net inflows. >>> plus, united health is among the top gainers on the s&p 500, this after the company raised guidance, reported results over most analyst forecasts it was helped by higher premiums and a smaller than expected increase in medical costs. >>> let's begin with the big banks kicking off earnings season, jim. we made note of their historic underperformance coming into this period. >> except for the majors jpmorgan was at its 52-week high yesterday and turns out to be justifying that. jpmorgan is a growth stock, and i'm -- what i'm talking about

i'm david faber with melissa lee live from post nine of the new york stock exchange.nd sara have the morning off. >>> we are actually turned lower on the nasdaq, the s&p. let's call it flat right now but you can see where we stand with the dow the only -- not even -- about the same futures had us up. now we're not. >> we are 30 minutes into the trading -- what do you want to say? virtually unchanged. there we are here are the big movers. starting off with ford, jefferies downgrades the stock to a hold, lowering its price target, citing concern around guidance of the electric e mort vehicle. adobe, 660 to 510, the company will benefit from a.i. powered products sofi posting a narrower than expected loss, adding to its yearly gains up more than 140% in 2023. ceo anthony noto will join us to break down those results. >> speaking of results, it is a busy week of earnings. we have big tech in focus. investors look ahead to not only reports from apple and amazon two of the largest, but coinbase, amd, uber. you can take a look there at what's coming. bring in market commenta

. ♪ >>> good thursday morning, everybody, welcome to "squawk on the street," i'm david faber with jimramer. we're live from post nine at the new york stock exchange. carl has the morning off let's give you a look at futures this morning as we get ready to trade one half an hour from now. i don't know i guess that means we're going to be down just cross the dow off why do we bother >> well, because atavistic i mean, nasdaq is what matters >> while our viewers look up the word, atavistic, i think that's a perfect word, let's give them a road map we do have other things we're going to talk about. tesla is under pressure in the premarket, despite what was a beat on the top and bottom lines. >> don't worry i got a whole rap on that. >> i bet you got a rap on it netflix cracks down on password sharing. again, though, that's not also down in fact, it's one of the biggest laggards >> i have a rap on that. >> how about j&j >> i do. >> earnings beat, hikes its full-year guidance as medical technology sales surge jim's been talking about j&j a bit on the litigation front. >> i knew it was going

i am sara eisen with david faber.o massive interviews including lina khan following the ftc and doj's guidelines on brand-new mergers and acquisitions. in the latest from microsoft and blizzard from the man himself, bobby kotick. take a look at stocks in the early action. we are up almost half a percent on the s&p 500. gains on the week now one of the half percent for the snp. today, action being led for utilities and real estate. earnings continue to fuel the action. the only two sectors lower our information technology and materials. the nasdaq is up a third percent. here are three big movers we are watching. look at shares of carvana this morning. the online auto retailer announcing a new deal to reduce total debt outstanding by $1.2 billion and saying they are going to sell $1 billion in shares to shore up capital and restructure operations. up 35%. under pressure, the ceo warning of a cautious consumer on the call saying they expect a slower recovery than the straight expects. and finally we hit goldman sachs. ea

> good monday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer, david fabert post nine of the new york stock exchange, setting the table for a big week, cpi, bank erarnings and more strategist commentary ten-year, still 4.08%. our road map is going to begin with the big week ahead for investors. key inflation data on deck, lot of fed speak and of course the banks kicking off earnings season >> citi is downgrading u.s. stocks, saying performance may go on pause after a solid first half but it is upgrading one other major global market. >>> and that war of words between elon musk and mark zuckerberg, it just keeps heating up as threads, that new offering from meta, surges past a major milestone. >>> let's begin with the markets on this new week of trading. jim, you have been fairly circumspect. >> yeah, we have this cpi number on wednesday i did a piece for investment club which talked about, we're not going to get what jay powell wants. i think there's a big mistake. i think that we keep thinking that he will be happy with, it's going in the right direction th

i'm carl quintanilla with jim cramer and david faber premarket a little soggy as some of the banks underwhelma headline of .2 the dow industrials riding a six-session win streak pnc shares are under pressure as revenue misses. >> plus, we'll talk the macroeconomic picture. retail sales notched a third straight month of gains. goldman sachs lowering its recession forecast as for stocks, they continue to be near the 15-month highs we're also looking for perhaps signs of a rebound in the telecom group for what's being a significant loss of market cap in the last few trading sessions. >> bank earnings led by b anda and morgan stanley this balance between wealth management revenue trying to make up for deal shortfalls. >> i think it does you've got 100 billion new net money. that beats everyone by a mile. i think it's fantastic 200 billion in six months. it's incredible. the fact it's trading slow m&a is soft. we expect that we hope that changed con costs are high i think it's a very solid quarter, and solid shouldn't matter we can't just dismiss it because it's only solid, david it doesn't make s

it will with disney there's so much that's needed to turn around disney and we know that from david faber's excellent interview last week. i felt like bob iger was really acknowledging the problems it seemed to me like he was guiding to what looks like is going to be a poor quarter coming up. he acknowledged the challenges and there's just a more simple story in effect with netflix where you have the free cash flow generation growth where you have the ad supported subscriber growth. where you have the restoration of more quality content. why not acknowledge that in the near term and realize your money is going to be treated better in netflix than it's going to be in a disney or paramount or a lot of the legacy media that right now looks like nothing more than a value trade. >> you wouldn't hear netflix say this but the strike is great because they're not spending on con content. they have a cost of capital that goes to producing their content, as does disney to me, it's still the best offering in streaming. so they'll still pick up the subscribers because they have this huge storage of cont

we just heard today and david faber's excellent interview that he needs partners for sports. can you imagine watching live sports with apple making money? you will be on the sidelines, not the peanut gallery, life will never be the same again. it is not incredible command skyhigh price tag. don't forget i was in the introduction video for the product. doesn't that suggest a disney tie up with apple? next is alphabetically to a winner, not a loser. making generative ai to make people and companies smarter. amazon, hey, just had an amazing prime david numbers showing once again that e- commerce is incredibly strong. will turn things around, not this quarter, meta, it has just gone nuts, people, that's because we know it is cutting costs aggressively. while revenues are accelerating. >> [ music ] >> thanks to reels on tiktok and also instagram, which advertises are happy with again, because they have come up with workarounds against apples privacy restrictions. who knows how great threads can be? without feeling like you are swimming in the canal. that air don't matter. tesla, w

i'm melissa lee with david faber at the new york stock exchange barclay's chief economist is here on a defiant gdp print. >> renaissance macro founder jeff de graaf also with us on the tech side of this historic melt-up in the dow. >>> later, the ceo of first solar, that popped big, now in negativity territory right now. >>> let's give you a check on markets an hour and a half into this summer friday you can see we are up across the board. the nasdaq posting significant gains, 1.6%. melissa, not to go back to yesterday but it is somewhat reminiscent of what was a strong rally and stalled out on the move from bank of japan and move up in rates. perhaps today will be sustained and many of the biggest are getting bigger today, including meta, up 3.6% after that earnings print on wednesday after the close did get a positive response in the marketplace yesterday. >> as we were talking to bob about the fragility of the markets in reaction to a 4% ten-year yield, it's amazing it felt algorithmic, and then we see the selloff and today's resumption of the trend. we go back to what worked in t

. ♪ >>> good friday morning, everybody, welcome to "squawk on the street," i'm david faber along withara eisen and mike santoli. we're live from post nine at the new york stock exchange. let's give you a look at futures as we get ready to start trading for the final day of this week you can see set-up for yet again a move higher, and our road map does start with well, overall, technology stocks bouncing back. this after the nasdaq did suffer what was its worst day since march. >>> plus, speaking of big tech, top a.i. companies like microsoft, meta, and amazon set to meet with the biden administration later today after signing a white house pledge over a.i. risks. >>> and amex shares falling in the premarket. we're going to go through the numbers. >>> let's start with the markets, of course, after what was a selloff yesterday at least in technology, although, again, you did have other indexes a bit higher nice to be able to turn to mike santoli at this time in the morning and just sort of give us a sense as to what you're watching, what you're thinking about as this week ends. and i wo

coming up right now ♪ >>> good monday morning, everybody, welcome to "squawk on the street," i'm david faberith jim cramer live from most nine at the new york stock exchange carl has the morning off let's give you a look at futures. we get ready to begin trading one half hour from now and it appears we're going to have a higher open. doesn't mean much, of course, as our viewers well know. it can change quickly. road map starts with a big name ahead. mega cap names will be reporting results such as meta and microsoft. key central bank decisions on deck >>> plus, bye-bye birdie, twitter officially rebranding as "x." x. >>> and chevron preannouncing quarterly results, also announces some changes in its c-suite, cfo, namely, departing. we're going to talk exclusively with mike wirth later in the hour but let's start with the markets ahead of what is a busy week of trading for investors, given we're getting a lot of the s&p reporting numbers, including a lot of the bellwethers, jim. i just mentioned microsoft and meta we can also talk mcdonald's or coke we can go a lot of different places >> alph

from alan and company sun valley media conference conducted by peabody award-winning journalist david faber you -- she only has one name "squawk on the street" is next ♪ >>> good wednesday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer at the new york stock exchange david faber is on assignment, heading to sun valley as joe says, where he'll have an exclusive with iger tomorrow at 8:00 a.m. eastern time >>> meantime, the bulls get their wish as june cpi comes in cool lowest monthly core in more than two years. yields are dropping, two-year near

and remember that interview that david faber had with bob iger, he basically said that everything was open, i mean, the legacy tv business may not be the core anymore, which is really, you know, revolutionary, sort of, in the minds of disney investors. >> august 9th, they report, so, that's next wednesday, i believe, right so, the question is, what's going to happen to that -- you figure, maybe they already did the kitchen sink thing, or maybe this could be the one where they just put it all out on the table. the fact that we traded down an effectively held the levels we saw in the throes of 2020 is encouraging. question you have to ask yourself, what's your upside here is your upside maybe 98 to 100, where other stocks have more beta so, i think it's good that we traded down there and held i think they're going to kitchen sink it on the ninth >> julie, what do you think? >> yeah, i think there's the potential for them to really pull back and think about how they're spending their capital it's been a huge benefit to them to have this writers' strike, because i think everyone is starti

now, keep in mind that interview that bob iger did with our colleague, david faber, that was nearly two weeks ago now, and since then, which is when the actors' strike started, we have not seen the two sides come back to the negotiating table so from what i'm hearing, there's a lot of expectations here in hollywood that the strike could continue to drag on and one thing i have to point out, bryanian, as someone who follows this closely, when there were rumblings about what to expect, at the time people thought bob iger might be one to lead a compromise, and then after his comments and some of the reaction, now people may be disappointed that he's not the sort of conciliatory one and that the two sides really are still so far apart. >> do we have any kind of an idea of how far apart they really are it could be a thing that they make a deal tomorrow, like u.p.s. kind of surprised us today, or could this drag on a long time? >> well, i don't think they're going to make a deal tomorrow because they have to come back to the negotiating table first the first step would be both sides saying, o

. >> well, you know, david faber was saying that, you know, they might expect a court ruling this weekdidn't expect it today, but said wednesday or thursday this trade was a bet that paid 3 to 1 if they announced in their favor, so, it could just be lucky timing it could be. >> could be. mike, thank you. mike khouw for more options action, tune into the full show, friday, 5:30 p.m. eastern time. >>> coming up, the -- with the word stock in her name, we couldn't let katie stockton leave without giving us a few stock picks. she's got a list of names that could bounce higher. stick around f tt miorhacong up after the break. i was told my small business wouldn't qualify for an erc tax refund. you should get a second opinion from innovation refunds at no upfront cost. sometimes you need a second opinion. [coughs] good to go. yeah, i think i'll get a second opinion. all these walls gotta go! ah ah ah! i'd love a second opinion. no. i'm going to get a second opinion. with innovation refunds, there's no upfront cost to find out. so why not check like i did for my small business? take the first

visit indeed.com/hire >>> good wednesday morning i'm leslie pick we are david faber, live from post nine of the new york stock exchange. union pacific ceo lance fritz joins us this hour on earnings, the activist challenge of ump and an update on his successor >> the ceo of pfizer also with us during the hour that stock is at an all-time high after strong quarterly results. >> and later, former kansas citi fed president, thomas honig, on the conversation ahead of the fed decision this afternoon. >> let's give you a quick look at the markets nasdaq is down and microsoft, amazon, and even meta has turned around, adding to losses on that index. although alphabet, of course, has been quite strong on the day after those earnings were well received by investors, you can see the s&p also down a third of 1% >> and banks pulling in here, i think, on the heels of that pac west deal that we talked about the prospect of consolidation. you have key corp. up 7.3%, comerica, up 6.4%. zions up 6.4%. very strong moves. in recent weeks, coming off the heels of earnings, things have stabilized there, creati

the shares are just slightly higher today after ceo bob iger sat down with david faber in a white rafrningnversation this morning. one topic, the potential sale of what mr. iger called noncore tv assets including abc listen. >> they may not be core to disney, yeah there is clearly creativity and content they create that is core to disney, but the distribution model, the business model that forms, the underpinning of that business and delivery great profits over the years is definitely broken. and we have to -- and we have to call it like it is and that's part of the transformative work we're doing. >> mike, what is your reaction seems like the writing is on the wall when it comes to this >> an acknowledgement of the structural decline and overhang on the stock that people have been trying to sort out with disney for a while i think the thinking and saying for some time that, look, disney has reduced the cost embedded in things like the broadcast network. for 20 years now ongoing process, tried to do it at espn. feels like there is no next act for the distribution side. might as well take t

microsoft is green it was in the red, but you heard david faber talking that they may try to close this deal as soon as monday according to him. they get the big win versus the ftc today. you know, microsoft member of the dow. the stock higher highs of the day 3m we'll talk about the industrials later. jim, as i thorow it to you -- activision is up 10% on this development as well -- you own microsoft and how you're thinking about tech in the here and now? >> well, like steph i own it under weight around 18%. that's interesting what we have to look for, whether it's microsoft, apple or any tech heavy weights what if through the rest of this year they return 5, 7%. right. that actually for any stock in a six-month period would be fabulous but it will feel like a disappointment i honestly think that is potentially the possibility, just given the enormous gains that they've had, how much is priced in, and i'm not saying they're not worth their current valuation. i'm just saying it's hard to say what comes next? where is the next catalyst that comes from in the meantime i see the potential f

absolutely my take let's step back a minute contrast that earnings call with the iger interview with david fabert's night and day. you're talking about a company with netflix that just doesn't have to deal with the burden of decline and what happens when your current business model is thrown up in the air and you have to recreate a new one this was all forward looking, it was about accelerating revenue, it was about increasing margin, increasing cash flow it was all about growth. and you can really contrast that with the very difficult situation of the legacy media companies, made worse by the strike as you say. >> if you look at a longer term stock chart for netflix, there were some serious questions about netflix's model, look at 2022, when it went from $700 down to 450. how much of this is sentiment and how much of this is for real, real numbers i understand not having the declining legacy assets but stock market can do things to these companies, too >> well, i didn't have any question about the netflix model. obviously, as you know on this show i pointed out the problems on the legacy side f

on david faber with leslie picker and mike santoli. sarah and carl have the morning off. .01% the nasdaq continuing on that strength it had in the first half of the year up yet again another third of a percent. >> must be the money before a holiday. we are 30 minutes into the trading session. we have some movers today that we're watching tesla higher after delivering numbers there. beat street estimates. more on what it means for the stock later this hour, but currently up about 8%. plus, astrazeneca under pressure, announcing preliminary results from a phrase 3 trial of lung cancer treatment. it compared well on one end point. data for overall survival was not mature and not statistically significant. >>> while we're watching chinese internet stocks, some of the top gainers amid news secretary, janet yellen plans to meet with officials later in beijing you talked about how that impacts the alibabas of the world, this overall potential, though skeptics would say maybe not so much. >> just trying to at least stop things from getting worse, i guess, would be the first step

. ♪ >>> good monday morning, welcome to "squawk on the street," i'm david faber with jim cramer, andarl has the morning off he'll be back soon take a look at futures you just heard becky talking about, we're up now. we kind of turned around a little bit we are looking like we're going to have a bit of a higher open we're going to start on our road map with stocks as they close out a strong

. ♪ >>> good wednesday morning, and welcome to "squawk on the street," i'm david faber with jim cramerhange carl has the morning off futures looking like we're going to have a lower open of course, 2:00, fed meeting, can't forget that. and an awful lot of earnings to digest this morning. that's where our road map starts alphabet and microsoft, yep, the two of the biggest giants out there, they have earnings. stocks moving in opposite

wednesday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer and david faberexchange futures look to add a touch more to tuesday's melt-up we head into mega cap tech tonight with tesla yields are lower as housing miss as well. our road mapeg

david faber has the morning off.since march. two-year, a fresh 16-year high adp shatters expectations, futures falling on the n

i'm david faber with leslie picker and scott wapner. looking for a higher open. we were at the time yesterday, and in fact, we got it but things sort of changed as the day went along let's start with our road map and those stocks that are in rally mode the s&p would be on pace for what would be its third straight

> good monday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer, david faber, still 4.08%. our road map is going to begin with the big week ahead for investors. key inflation data on deck, lot of fed speak and of course the banks kick

. ♪ >>> good friday morning, everybody, welcome to "squawk on the street," i'm david faber along withst nine at the new york stock exchange. let's give you a look at futures as we get ready to start trading for the final day of this week you can see set-up for yet again a move higher, and our road map does start with well, overall, technology stocks bouncing back. this after the nasdaq di

welcome to "squawk on the street" i'm carl quintanilla with james cramer and david faber.soft cpi tomorrow futures are solid. ten-year back below four our roadmap amid the turbulence. amazon kicking off prime day what's at stake for the company and what does the street say about the stock an