liz: dennis gartman. still ahead, the latest from pharma bro. remember martin shkreli?price of a life saving drug by 5,000% and sentenced to his for a multimillion dollar fraud scheme? he was released in prison in 2022, but he remains in twitter prison. calling out elon musk for his continued ban of the platform. charlie gasparino is breaking the story next. he has spoken to shkreli. he's going to reveal what's going on with that. closing bell, 4 minutes away. new session -- 14 minutes away. new session highs for the dow, up 299 points. the s&p up 66. up 301 for the dow. nasdaq, a big rally of 1.8% or 248 points. and volatility just keepses dropping, down 4%. no the fear on wall street, at least for the moment. it's at a 44-week low. ♪ -- 4-week low. ♪ ♪ 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 . . i may be known for my legendary football career, but truth is, i love a bunch of sports. the only trouble

we'll ask dennis gartman how much of your portfolio should be things like gold and copper. we are watching hurricane idalia, slammed through florida and on to georgia. we're going on the ground there. my takeaway how many americans are struggling for food. they say this is the greatest economy ever. don't ask a whole lot of people who don't know how they will eat tonight. all that and so much more on "making money." ♪. charles: all right, the economic surprise index, what this is is when these economic reports come out, vis-a-vis consensus, right? for the most part you can see for a long time the trend has been higher a lot of this is baked in, right? the consensus i think are sort of phony but be that as it may one thing that is happening here recently we're seeing the economic surprises are starting to decline and that was the case today. we had revised gdp for the second quarter. real gdp, folks, 2.1%. prior report was 2.4%. by the way street thought it would be 2.4%. this is significant, this is really, really significant. it is a huge, huge change. of course the fed is

dennis gartman. francis, you're sticking with us all morning and we're grateful for that.l biden's vow for green energy dependency could have him in trouble with his buddies in china. congressman mark alford is here to react to the continued move to rely on china for supply chains, now with the climate change agenda. stay with us. ♪ (vo) explore the world the viking way from the quiet comfort of elegant small ships with no children and no casinos. we actually have reinvented ocean voyages, designing all-inclusive experiences for the thinking person. viking - voted world's best by both travel + leisure and condé nast traveler. learn more at viking.com. 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. maria: welcome back. we have new

dennis gartman, good to see you. thank you. >> thank you, cheryl. good to see you.d to see you, my friend. be well, cheers. cheryl: ryan's going to stay with us all morning long. we've got more coming up, folks. after months of planning, commerce secretary gina rah mondeaux is headed to china for the weekend, a four-day visit aimed at deepening communications with beijing. rob whitman is here to preview that trip, he's coming up next. ♪ ♪ hon? woo-hoo. you've gotta see this. the weathertech's here. (wow, that was fast.) [helicopter hovering] weathertech is the ultimate protection for your vehicle. laser-measured floorliners, no drill mudflaps, cargoliner, bumpstep, seat protector and cupfone. ♪ ♪ ♪ ♪ weathertech. ♪ (upbeat music) ♪ ( ♪ ) woah. ( ♪ ) ( ♪ ) ( ♪ ) ( ♪ ) constant contact delivers the marketing tools your small business needs to keep up, excel, and grow. constant contact. helping the small stand tall. when i first learned about my dupuytren's contracture, my physician referred me to a hand specialist. and i'm glad he did, because when i took the tabletop

joining me is former gartman p letter editor, dennis gartman, cfra research senior equity analyst, angelate you being here. let me kick it off with your thoughts on markets this morning, futures indicating a gain at the start of trading and tech set the tone for markets.

joining me is former gartman p letter editor, dennis gartman, cfra research senior equity analyst, angela zinno. john lonski is here as well. we appreciate you being here. let me kick it off with your thoughts on markets this morning, futures indicating a gain at the start of trading and tech set the tone for markets. apple disappointed on some metrics last night, even with a double beat on earnings. driven by a 6% move in services. but the decline in sales for the third straight quarter is what investors are reacting to this morning, the stock is down about 2%, still the largest market value of any company. $3 trillion. angela, your reaction to the apple numbers? >> yeah, i think the only way apple is going to move higher today if you had a perfect type of quarter. you didn't necessarily get that. the numbers overall were solid in our view. most importantly you highlighted what the services growth of 8% year over year after three sequential quarters of declines, you finally kind of saw a reacceleration there. it's going to continue to accelerate into the september quarter. so that is pro

joining us now former gartman letter editor, dennis gartman. ryan payne is with us all morning.e expecting a fractional move, up two tenths of a percent month over month for the ppi and rise of seven tenths of a percent year over year, dennis. what are you expecting from the numbers and how would assess the macro story now, looking at growth versus inflation? >> first of all, it's good to be on with my friend ryan payne. he's been bullish for a long period of time. he's done a great job. well done, mr. payne, you've done extraordinary work. cleaverly the ppi -- clearly, the ppi number will be up two tenths of 1%. the cpi, you had a bullish response and a terrible close by the end of the session which i thought was deleterious to the stock market in the long run. time will tell. i think today's ppi number will be up two tenths of 1%. it won't be anything the fed will take into consideration to tighten monetary policy further. i think the fed is done for all intents and purposes at this point. the yield curve, you're deinverting the curve a bit. i think that's very important. the