there may be a bubble billing. >> deirdre, thank you very much, deirdre bosa. >>> turning more to a group we've been working here closely on "power lunch," anjelica has the details. >> "wall street journal" just not reporting that the ftc is preparing to sue the three largest farm we managers over insulin prices. they companies manage prescription benefits, and the finding was published yesterday into the investigation. "wall street journal" citing a person familiar with the matter saying the suits will be in regarding to rebates with these pharmaceutical manufacturers. the rebates are discounts essentially that the pbms negotiate with drug makers. the ftc saying yesterday these pbms steer people towards drugs that might be more expensive and pbms drive up costs. the companies in question deny the allegations, but we're going to stay on top of it and keep you up-to-date. >> thank you, anjelica. >>> coming up, it's the chatbot boom. every companies seems to be some form, but they're not all created earthquake. who has the best of the bots? we'll discuss with some industry tus.erun" hen "po

deirdre, quick last word?us, i've been wondering about the 49ers because they're based down the peninsula from here in santa clara and of course, that is where nvidia is headquartered. i wonder if there's any correlation between -- i'm sure they're minting a few mid class billionaires. is that the term we're going with given nvidia's stock soaring price. do you think that will have an effect on ticket price, merchandise, the 49ers position there? >> look, the demographics of what's happening out there has been a boon to the golden state warriors, boom to the 49ers, not so for the oakland a's who seem to be headed to las vegas. so shows you the popularity in particular of the nfl and the nba versus popularity of the baseball team out there. >> right. >> mike, dee, thank you very much. we appreciate it. >> thank you. >> great to be here. >>> mark your calendars for cnbc's second annual game plan summit on september 10th in l.a. the event brings together industry leaders, visionaries from the sports and entertain

terrific panel for deirdre mccloskey. thank you so much for coming in 50 years of hearing about american revolution, i have never heard this take on it. and that's wonderful to hear a little revisionism. as i was really struck. you said following the facts. i i completely understand. when you said the declaration of independence was written to present the case in the most ideal, idealistic terms and thereby recruit people to the cause. it it sound a little bit. all right. so here's another piece of propaganda very much like the propaganda that is around it in all wars. but as i understand, your you are not claiming that these people were not legitimate idealists or you know anybody can get wrong what the economic consequences are going to be. god knows the socialists have. that's exactly right. they were i was they were idealists. there's no question about it. they were driven by ideas ideas matter more and yes. well, not more. that's kind of a meaningless statement, but there, there, there. very powerful in history and t

that's the focus of today's "techcheck" with deirdre bosa.sed to be an ad we saw on the east coast all the time. nobody beats the wiz. >> i am familiar with it. i couldn't put my finger on the exact one, but at least i've heard it before, joe. let's start with the regulatory environment, though. it's anything but friendly towards m&a, especially a mega cap that wants to do the acquiring. google also knows it needs to boost its offering in cloud computing which remains a distant third to amazon aws and azure. wiz is a darling in the world of venture capital that has quickly climbed the ranks of cyber security in just four short years. it is a cloud native company, startup. according to the company itself, it hit $100 million in annual recurring revenue after just 18 months. now look at the chart on your screen. it's telling us that it is the third largest cloud security vendor by arr, behind palo alto networks and crowdstrike, and it's growing three times faster than the leader there, palo alto. i spoke to the ceo and co-founder assaf rappapor

deirdre bosa looking at that in today's tech check. deirdre? >> hey, kelly.est tech company by market cap for a brief point, it was bound to attract some regulatory attention. it has. reuters reporting the french anti-trust authority is set to charge nvidia for anti-competitive practices. they're not the only ones. in a regulatory filing last year, nvidia said regulators in the eu and china also asked for information on its graphic cards. like the broader eu-dma which targeted apple, microsoft, meta, nvidia could face as much as 10% of the global revenue for breaching rules. the bottom line, they have been so successful that it's no longer just a chip company that makes gpus it's an ecosystem, hardware works bester on the software which are increasingly served by own cloud infrastructure. also investing in smaller companies like core weave and others that in turn expand the nvidia ecosystem around its products. now regulators are trying to figure out if that's fair competition or self dealing, letting the big players leverage their market power, resources, in

tripe was filled with gold balls and thousands of works of us, including paintings by rembrandt, deirdre and fall to charlie. shortly before the end of the war, american soldiers discovered the boston the mind and moved it to the central on collecting point and respond the following year. method cheesy was back in the spotlight as bill in the district now. they don't get back up, they get disney cleaning enough. i said the guy that i couldn't get the thing i, i saw them definitely not. in the postwar period, she became an icon of the police federal republic, the good gemini, so to speak. when you see the pictures, it almost seems like a longing for a septic affection of the old, the doc he is, it's a kind of reputed viewing of it. so that's how these pictures seem to some and sound so. so come, i'm going to do that in case the method tc essentially would turn to be lead since 2009. she's had her own room and the noise museum burning and is the on disputed stop the chips in collection. she's a stick ahead of the c team long seen as part of jimmy's cultural identity. she's also the cool, t

deirdre is here for today's "tech check." >> the fundamentals haven't changed much.h back in the magnificent seven. tesla is the only one expected to see revenue shrink, and expected to decrease 34%, but fundamentals, of course, they're rarely the driver of tesla's shares, and now that momentum seems to be back on tesla's side, the stakes are high to lay out the ai strategy, if particular -- in particular they have deployed tens of thousands of nvidia gpus to build powerful infrastructure for tesla. last month, musk confirmed he directed a batch of those to two of his private companies -- he will no doubt make that case on the earnings call, and investors will be looking for more, for updates, and that gpu deployment. we're now one month away from the robo-taxi event on august 8th, which wedbush sees as laying the yellow brick road to autonomous future. that separates the bears and bulls on the stock. increasingly, musk and co will have to show how it's an ai company and what they're doing with all those gpus. >> you always think, you know it could have something to

deirdre bosa, thank you. dan, what do you think of this potential deal? >> sorry. like, really hard to justify a company growing revenues or at least the annual recurring revenue. what do you think? >> as a shareholder, i like it. we were saying, how is it going to be when they take a real presence in the cloud? and this is a place where i think google, who has been seen as an aftermath throughout a.i., you get into cloud security and i think it's not a cheap buy. but it's where people wanted to see it. >> i agree. i sort of like it. i think -- i mean, i think every deal is under scrutiny now and we've seen them abandon it. you think about them competing against amazon, microsoft, you can't have deeper pockets or more intense competition than that. we'll see, though, it's a tough ftc. >> palo alto still the best in breed. expensive as can be. it has sold off. i think it's going to test the prior all-time highs we saw a few months ago. >>> coming up next, final trades. much more. take your business to the next stage when you switch to shopify. (intercom) t minus 10.

deirdre, thank you. >>> we've got builders, banks and breads in earnings exchange.ou can figure that out. we'll be right back. >>> welcome back. it's a grab bag today. looking at dr horton, domino's pizza. gina sanchez is lidoadviser's chief market strategist. totally different thing to talk about. let's start with dr horton near their all time april high. analysts are keeping an eye on how much those buyer incentives are impacting margins. do you like the stock here? >> we do like the stock. this is onewe've held for a while. if you look at the dynamics, obviously home builder confidence has fallen to an all-time low in july. but we are expecting that it's not if but when the fed will cut later this year. it's being priced in as early as september. it could be november. either way i do think it's going to represent an opening for the home builders. if you look at the state of inventory right now, inventories are still below their prepandemic levels. there's still quite a bit of pent-up demand. we just need affordability to pick up up. that's where d.r. horton is an

. >> deirdre, on the a.i.re's been a lot of early talk about what the a.i. policy would be. would it be hands off or hands on? >> early indications is it would probably be more hands off because any a.i. regulation could hurt the startup community and maybe benefit the incumbents. you see the mega cap getting even bigger, leading the way in terms of generative a.i., microsoft, amazon, google. to your point, kelly, i know you're talking about tiktok, the fact an openai is able to exist and become a more than $80 billion company. startups can succeed without that regulation. >>> breaking news now. let's get to steve kovach. >> yeah, carlos watson, ceo and co-founder of aussie media has been found guilty on all three counts in his fraud trial. there's a charge of securities fraud, found guilty. wire fraud, found guilty. aggravated identity theft, also guilty. we should note the doj says this has a mandatory two-year minimum prison sentence up to 37 years. and this trial has been going on for the last few days. we

deirdre, thank you very much. >>> coming up, the beach read season is upon us, we will talk to the ceohe summer's hottest titles and how book talk continues to shake up the industry. ♪ i'm gonna hold you forever... ♪ ♪ i'll be there... ♪ ♪ you don't... ♪ ♪ you don't have to worry... ♪ ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. with fidelity income planning, a dedicated advisor can help you grow and protect your wealth. they'll help you create a flexible strategy designed to balance growth and guaranteed income so you can enjoy the life you've created. that's the planning effect. ♪ >>> welcome back. it's not just authors like coal loon hoover getting the booing talk treatment, the "wall street journal" reports sales of e readers like kindle

and deirdre has said, good morning, deirdre.f we if they stop paying perhaps if we if they stop paying out £8 million a day for illegal migrants, they could afford to keep the winter fuel payments for pensioners. now, this was the news we learned yesterday, wasn't it, mike? about losing this pensioners winter fuel payment. yeah. unless you claim pensioner credit . yeah. credit. yeah. >> which a lot of old pensioners don't know how to do because they don't want to because, well, they, they don't want to because they're too proud or b they simply don't know how to get round the paperwork on a laptop. bobby pages to do it. exactly. i think i'm not. i'm just amazed there isn't another huge, you know, well of anger creeping up that we're taking money off the most vulnerable in our society who can't heat their homes in the winter, and giving it to so—called junior doctors, some who earn 60 or £70,000 a yean some who earn 60 or £70,000 a year, such as 96,000. >> i agree. and one of the junior doctors leaders is in the papers today sayi

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