i'm dominic chu in for frank holland. let's check on the futures it is on the positive side of things dow implied higher by 33 points. s&p implied higher 8 nasdaq is 46 points of the dow riesing in the last fou of five weeks. the tech sector has been stumbling. nasdaq with the pullback of 4.5% the worst stretch for the index going back to december of last year checking on the bond market. yields in focus. 4% level in key. we are there for the 2-year treasury or rather the 10-year treasury the 2-year treasury is 4.9%. a bit of a pullback on the longer end 30-year treasury is 4.26%. in energy, oil prices are still a little high. $80 for u.s. benchmark wti down .50%. similar for ice brent crude. currently $86.30 by the way, keep your eye on grain prices wheat is up after a russian war ship fired warning shots at the cargo ship in the black sea. grain, out of the ukraine region, with wheat up $655. >>> goldman sachs is expecting the federal reserve to cut rates in the second quarter next year. in a note, the economic team sta

i'm dominic chu in for frank holland on tuesday morning let's pick up with the u.s.ity futures which are off dow implied lower by 170 on the down side. s&p 500 lower by 17 points nasdaq lower by 45 if these moves hold into cash tradings at 9:30 a.m this was the driving force into the sentiment so far we had china central bank cutting the interest rate on two or three key parts of the sho shorter-to-medium side of the lending market that implying that the economy does need more propping up the second biggest economy right now. you see the nikkei in japan up .50%. hang seng is up 1% in trading. the shanghai and south korean kospi showing signs of red the asian markets are carrying into european trading. the dax off .75% cac 40 in france similar to the downside 1.25% for the ftse 100 in the uk ftse mib is up .50%. ibex in spain is down .25% if you check out the bond yields, u.s. treasuries fall in value and go up in yield 10-year treasury note is now back above 4.2 just a hair below 4.22%. the 2-year treasury yield is 4.965. the 30-year treasury is now 4.315. watch the

i'm dominic chu in for frank holland this morning let's kickoff the morning with the down day for the stock market s&p is implied higher 24 points. dow jones industrial average is 17 177. investors are geeg gearing up for the latest read at 8:30 a.m. for consumer prices. the estimates right now are for 3.3% gain year over year after the 3% gain for the july cpi checking on the bond market with the cpi print. benchmark yields are rising. 10-year treasury is 4.018% 2-year treasury at 4.811%. in energy, energy could be a key driver of the inflation story this time around you see wti crude at $84.65. that is up .30%. ice brent crude futures at $87.85 nat gas prices which were on a tear yesterday, is flat today. >>> time for the morning's big money mover. that is disney silvana henao has that story >> dom, good morning shares of disney moving higher after posting the second rest revenue miss adjusted earnings bheat estimates. disney getting a boost from cost cuts from bob iger telling the company is on track to exceed the goal in savings. the story is streaming thanks to higher prices, the

i'm dominic chu in for frank holland. let's kick things off with the u.s. stock futures after the s&p and nasdaq turned in a third straight day of losses, futures right now showing a brighter picture, at least for now. s&p implied higher by 15 points. dow jones industrial average implied higher by 55 nasdaq up 83 a tech recovery may be in the works. this is ahead of the july jobs report economists are expecting employers to have added jobs at the slowest pace since december of 2020 at just 209,000 net new jobs for the month checking on the bond market. 10/2-year yields yields on each up 5.5% to 6% this week alone. the 10-year treasury is 4.91%. slightly lower the 2-year treasury is 4.92% which is slightly higher the 30-year treasury is 4.28%. in energy, oil is on pace for the sixth straight week of gains to the upside. wti up 38 cents to $81.92. that is a .50% gain. similar move for ice brent crude. $85.48 >>> now to the top story and two of the most important stocks in the market apple and amazon moving in opposite direc

cnbc's dominic chu has more. >> a strong couple of days off the declines, because there has been an immenseies across the globe tend to be in the tech side of things. so the market rally that we've seen so far this year has been powered almost exclusively by tech and tech related stocks. we're talking names like apple, microsoft, nvidia, meta platforms, tesla, alphabet. now for many of the best performing tech stocks in the market there's been a focus by investors on what the future of artificial intelligence looks like. so investors have been eating it up to this point, so maybe the biggest example has been computer chipmaker nvidia. the chips they make are used in the super computing infrastructure type products that power artificial intelligence, a.i. applications, that help create things like art or even music or answer customer service question now it's that so-called generative a.i. being viewed as the tip of the ice berg for what a.i. can do in the ears ahead. nvidia reports after the close tomorrow. the tech trade has cooled off considerably since the highs of the year. partly becau

cnbc's dominic chu is with us this morning. dom, good morning. we got numbers of new home sales?is that if you really want to buy a home and can't find a preowned one for sale, you find one in new construction. we got more evidence of that. new home sales data shows 4.4% increase in sales between last month and this month, july, for single family homes, which would, by the way, put the numbers at 31.5% higher in terms of new home sales than in july of last year. that's how much demand there is for new home construction. by the way, that translates into an annualized rate of 714,000 homes. in other words, if you take the number of new home sales in july, and then made some assumptions about that pace carrying all year long, you would hypothetically see 714,000 new homes sold in a year. i mention that stat because it is important for context. sales of new homes are a very small part of the overall residential real estate market. preowned homes or existing home sales are much bigger. but what this further reinforces is there is still a lot of demand for housing. what is interesting

cnbc's dominic chu is joining us. >> the key takeaway, according to the mortgage bankers association,ge fell 3% for the week. that led to a 27% drop over the same week last year. it's even more dramatic when it comes to refinancing a home mortgage. applications there fell 4% for the week leading to a 37% drop from the same time last year. for context around that drop-off, the average rate for a 30-year fixed rate conforming mortgage and a jumbo mortgage, they both rose above 7% for the week. federal housing authorities or fha loans which are more popular amongst first-time home buyers, also lower to middle income families, they saw interest rates rise to 7.0% which is important because it marks the highest fha loan rate since 2002. the bottom line, jose, higher interest rates aren't just making homes less affordable, they're also incentivizing existing homeowners to stay in their homes which in many cases have mortgages at much lower rates. >> dom, we're also learning americans are putting more and more on their credit cards. >> according to researchers at the federal reserve bank, cr

i'm dominic chu in for frank holland. let's check on u.s.k futures approaching 5:30 a.m futures are big for the dow jones industrial average the s&p is higher by -- now it is flat. the nasdaq down 11 points implied. a modest open expected here. turning to the earnings story of the retailers set to release numbers. home depot, walmart and target among others reporting on the agenda, next week, as investors look for insight into the stretched consumer and whether the inflation story is finally starting to impact certain spending trends. joining me now is brian nagle. the senior research analyst and hard lines at oppenheimer. brian, we have been talking about the idea of disinflation and slowing inflation and how it is better for the consumer why is it may not be the same for thebiggest retailers >> good morning, dom that is a big opening. you said we have a number of the really key retail reports coming up here in the next week to answer your question, you know, it is a mixed bag. i don't think the markets have accepted this. on the one positi

dominic chu. coming up in just a few moments, mortgage rates hitting highest levels since 2000.oday. weakest since 2010. the concerns answered housing supply will grow. we'll talk with taylor morrison in just abou10inest mut. the first time you connected your godaddy website and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com >>> welcome back. tesla snapping its six-day losing streak and marking its biggest single day gain. still in bear territory. joining us is collin rush, he has a hold rating on tesla. first, let's talk about yesterday's move. is it technical in nature? was there some kind of fundamental basis for it or a stock that's been oversold that received a bit of a bounce on a little bit of good news? >> i think it's more the latter than the other dynamics. the company is going through a bit of a product refresh here and i think some of the discounting reports that were out there on pricing

cnbc's dominic chu is with us. what does it tell us about the travel boom?he travel boom could show signs of slowing down, at least initial signs. for jetblue airlines we did see more nuance in travel trends play out, and they have destinations like the caribbean and it's primarily a domestic airline, and it just cut the profit forecast for domesti travel. cruise demands are dealing with higher fuel and labor cost that will eat into their profit margins. marriott raised its forecast for what it scenes as future strength for international travel, and travel dollars are shifting more towards international side of things. uber also reported results and did cite growth there because people are traveling relatively for leisure, and maybe office return in the fall, and we will see how that plays out for the technologies. >> thank you very much. >>> if you noticed friends, neighbors, loved ones, testing positive for covid you are not alone. covid hospitalizations are up 12% from last week, and joining us is an msnbc medical contributor. it's always great seeing you

cnbc's dominic chu is with us this morning, dom, what's going on?raded ratings for ten banks and a threat of more. that's why the sentiment is so negative. m & t bank, commercial shares and webster financial, some of those banks getting put on a negative watch for a future potential downgrade. names like capital one, a fifth. and moody's predicting tougher headwinds, a tougher environment and profits, jose, exposure to the commercial real estate market amongst other factors so that's one of the big reasons for that negativity. >> dominick, there are conflicting views about the future of the internet? >> this notion that the fight goodness inflation is not over. the latest to weigh in is fed governor michelle bowman who spoke to the kansas banking association and said she agreed with the fed's decision to raise rates this past month. also, she thinks additional increases will be needed to get inflation back down to 2%. and, jose, she also said that the fed should be open to continuing to raise rates if the economics say inflation remains a threat. >>

i'm dominic chu, focusing on the industrial sector, which has been an underperformer versus the s&p 500far this year as you can see, the white line of the s&p and the orange line, the industrial side. within that sector, there are some heftier dividend payers than the rest. if you look at those stocks in the sector, there are 75 s&p 500 industrial stocks. so we ran a screen looking for which of those stocks have had positive price performance, and are yielding at least 1.5% again, 75 stocks becomes 54 stocks when you put the price screener on it and then a dividend yield screener gets you down to 21 names overall. among the top dividend plays with positive price performance, check out some of these ones they are the heftier dividend payers that have not gone down so far this year stanley black and decker, 3.5% ch robinson, 2.5%. these five are five of your top dividend payers that are still positive so far this year. if you're curious what the other 16 are, i couldn't put them all on the screen, but just go over to my twitter or x at the domino all 21 stocks are there for your perusal.

i'm dominic chu in for scott wapner front and center this hour, is the market at a critical turning point as the nasdaq looks to hand in its first week of back-to-back losses this year? our investment committee is standing by to help you navigate through all of this. joining us is shannon saccocia, karen firestone, with me on set at the stock exchange, steve weiss and bill baruch. let's check the market right now. as sarah pointed out in the past hour, we have seen a bit of a decline and a loss of momentum in the market overall. steve, this is one of those situations where over the last couple of weeks there have been folks who have said the market has been hot this year it's due for maybe a breather. is the problem right now the idea that there is no near-term catalyst to propel things back towards the upside >> yeah, but you could argue there were no near-term catalysts to propel it to the upside from the beginning of the year in fact, there are negative catalysts that should have propelled it downward. i don't think it's necessary catalysts. the market was tough to figure out all year

i'm dominic chu in for scott wapner front and center this hour, is the market at a critical turning pointto hand in its first week of back-to-back losses this year? our investment committee is standing by to help you navigate through all of this. joining us is shannon saccocia, karen firestone, with me on set at the stock exchange, steve weiss and bill baruch. let's check the market right now. as sarah pointed out in the past hour, we have seen a bit of a

joining us now with more is cnbc's dominic chu. good morning., the optics and messaging are very interesting when it comes to what the treasury secretary will be doing later on today in las vegas. secretary yellen will be on site at a union trading facility for the international brotherhood of electrical workers local number 357. this particular facility is where union members are actively trained to work on things like clean energy projects, so the secretary will deliver prepared remarks that focus on the economic benefits that are focu benefits under biden's policies, which have been called bidenomics. it's in regards to the inflation reduction act of 2022, which comes up on his one-year anniversary this week. she will tout the over half trillion dollars worth of commitments by various companies towards things like manufacturing and clean energy products. also, the renewed focus on building factories here in america. in addition to that, the secretary will express concerns over the supply chains with clean energy because right now, we are in t

joining us now with more is dominic chu. how is this impacting demand in the housing market?state market you are looking at. this has put a damper on mortgage demands. rates are higher than they were at the historic lows that you mentioned in 2021. that's only part of the story. mortgages are there for purchases, for homes, right? those who want to refinance as well. to get into more attractive rates and terms. that refinancing demand has dried up. a lot of folks have mortgages at lower rates. the purchase demand is more nuanced. demand has dropped off, but there are signs that they are getting more accustom to this idea of relatively higher interest rates. demand for new home construction continues to be robust. investors have been pouring money into buying the stocks of home building companies. there's this tug-of-war going on in the market for existing homes and that of newly built homes. ult ultimately, it's a big problem with housing affordability. according to a recent survey, 72% of americans do not feel financially secure giving their current circumstances. data from

cnbc's dominic chu is with us. these numbers sound good. what's the latest on these?e hasn't been a big change to the state of housing. the bigger picture is that there aren't a lot of previously owned homes for sale, because people are opting to stay put rather than give up their higher rate mortgages or go into higher rate mortgages than what we have right now. that's translated into a boom for companies building new homes across america. they are the only option that some people have out there to buy. because of that, you are getting some of the more juiced up housing starts in building permit numbers you mentioned. the thing to watch for in the coming weeks and months is whether or not you start to see some of the home builders getting more aggressive with their discounting or inseine -- incentives. >> we see mixed signals for the shopping industry. >> yeah. specifically the corporate financial results that we got this morning for tjx companies. this is the parent company of tj maxx, marshalls and home goods. they report better than expected profits and sales. bet

i'm dominic chu.e are about session highs right now. we are taking a look at some of the action within consumer discretionary among the home builders all the economic data and earnings reports over the last few weeks have noted ongoing demand for homes dr horton, also pulte group and lennar remain near their all-time highs that each of them notched back in july now pulte group has been performing especially well up over 80% just so far this year and less than 2% away from the all-time record highs as well. keep an eye on the home building trade. carl, i'll send things back downtown to you folks. >> on topic, dom stick with housing, home prices did hit record highs in 60% of u.s. markets even as rising mortgage and interest rate priced buyers out. our next guest says the market is fueled by, quote, persistent limited supply that is falling short of current demand. here to discuss one of the largest u.s. home builders tri pointe ceo doug bauer. always good to get your take. >> thanks, carl, good morning

i'm dominic chu.re sector this morning. still marlee to the downside off about one quarter of 1%. we will start with shares of merck. it reported a smaller than expected loss, thanks in large parts to keytruda cancer treatment and gardasil vaccine for hpv. merck rival pfizer higher as better than expected profits, revenue figure came in below analyst expects due to covid vaccines and treatments. merck and pfizer are two of the big earnings movingers back to you at the new york stock exchange. >> thank you shares of tupperware continuing to surge see another 31% this morning short sellers to the extent that any of them were short this name, they're getting crushed. kate rooney has more on what some are calling the next meme stock. >> david, good morning tupperware is also what some are calling the most squeezable stock out there or at least among the most squeezable stocks, betting against tupperware had been a pretty profitable trade this year shares were down 81% in the first six months of the year,

let's get to dominic chu with details.>ing it is coin base moving higher after the crypto currency exchange operator said it got approval from the nfa to become a registered futures the expectations is that we could see those futures trading contracts tied to bitcoin and either soon on coinbase. it's under pressure stemming from the regulatory scrutiny the s.e.c. sued them in june saying it was operating illegally because it failed to register as an exchange. the stock has fallen 30% from the july highs but still doubled from the lows we saw check out bitcoin prices, trading at a tight range though gradually drifted lower from the midsummer highs. just around the 29,000 mark but well within the mark so keep an eye on the bitcoin prices the vast majority of trading resolving around the derivative of prices around bitcoin and either sara, back to you. >> not getting a ton of help from that news, up 2%. but maybe the run up to that is part of the story there. thank you. >>> just about an hour into the trading day and stocks a

check out pharma, the week's laggards and leaders >> nice to have you in the house, dominic chu beforeay night for santoli and brown. >> that's right. mike and josh, or as josh calls it the josh and mike show, it's back at 6:00, taking stock i'll see if i can have josh be less inhibited. >> out of his shell. >> yeah. we chop up pretty much everything that happens during the week and i think we might try to remake the dow industrial. >> the dow jones industrial average? >> yeah. >> last friday's show was awesome. we look forward to another one tonight. 6:00 p.m. stn tieaerme "squawk on the street" is back after this don't go away. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> the new york stock exchange. ahead this morning, tom lee is with us. get some reaction to the inflation data today, what it means for margins and why it's bullish that a session is not in sight. >>> nyu is with us with risk premium in t

i'm dominic chu.t off the trading week as investors digest rising u.s. treasury yields and commentary out of the meeting out of jackson hole, wyoming. a closer look at the financial sector which has been under pressure so far this month. regional banks like keycorp and fifth third and pnc off by 10% or more just on a month-to-date basis alone. keep an eye on this one area of the market that we are watching as we try to get a sense for the fed's policy outlook later on this week. now i will send it back over to post nine for you folks, leslie, at the stock exchange. >> thank you so much. >>> sticking with those regional banks the next guest oversees 65 banks in the northeast and while deposit pressure has stabilized over the past few months, commercial real estate will remain under pressure for some time. let's bring in ocean first chairman and ceo chris mar. thanks for being here. we looked at those sizable selloffs in regional banks over the last month or so that dom showed us. how much of that has t

i'm dominic chu.overs of novo nordisk those shares have been on an absolute tear this year. and specifically the last few days the danish drugmaker is lower by 1.75%, just around 40,000 shares of volume. you may recall two days ago shares surged to a record high after it set a study of its weight loss drug c, it reported earnings and raised full year outlook because of surging demand for wegovy. now today the company's ceo told reuters it will continue to limit u.s. supplies of wegovy into next year as demand outpaces its ability to make the drug novo nordisk says it is spending billions of dollars in an effort to expand that manufacturing output on the earnings front, watching shares of disney higher by roughly 2% now 160,000 shares of volume that's off the extended hours high by the way. the media and entertainment giant narrowly missed expectations the positivity being driven in part by disney's announcement it is going to raise prices for its streaming services and crack down on password sharing,

i'm dominic chu with a couple of morning movers for you we'll start with the late breaking news in oillips. shares down roughly 1.5% now, just around 2,000 shares of volume the exploration production company reporting profits and revenues at both missed analyst consensus estimates driven in large part by the drop in energy prices between last year and now. that was partially offset by an increase in volumes, though. conocophillips raised its production guidance. one of the bigger earnings movers from earnings after last night's close, paypal, down around 7.5%, 250,000 shares of volume, the fintech and payments network company reporting profits in line with estimates with higher than expected revenues but a good amount of the negativity in the stock has to do with lower operating margins on a quarter over quarter basis and credit losses tied to the business lending portfolio paypal is setting aside more money to cover future potential credit-related losses. paypal and conoco, two early movers i'll send things back over to you. >> dom, thanks. >>> also out in the last half hour, shares o