striking comments out of druckenmiller today.eally looking for a hard landing in '23 we'll see what happens, alicia thank you. >>> apple shares sinking on report that the company will ditch plans to increase iphone 14 production citing weaker than antic anticipated sales. tom, i want to get your thoughts on this report and whether this is a bearish indicator right now or whether this is really something you have to dig through the details and look at the mix of the ex-poepected iph sales. >> the good news is for the iphone 14, they should do better than the iphone 13 to the extent that supply chain challenges -- persistent supply chain challenges prevented apple from meeting demand for the last line of iphones i think that's something working in the favor of the 14 now, that said, it is a challenging situation for apple. in particular we're concerned about the very strong u.s. zlar with more than half their sales outside the u.s. and do think apple may have to make multiple adjustmented to their prices and local currency for the

managing partner, cnbc lowe tony here and druckenmiller has been negative for a long time but sticking with his guns this terms of a hard landing in '23 and chastising the fed and boe or what he believes is a mistake now. >> what we saw was that the inability for the fed and chairman powell to acknowledge the fact that inflation was a concern and many had been beating the horn and further fueled by a lot of macro events, supply chain issues. now, now that chairman powell has addressed it, he is going all out volker so we know one thing volker had to do was beat inflation back what he was handed when he took over, everyone thought that the job had been done and reared its head again and volker made sure and powell doing the same thing. all that thought there would be a pivot, there's not going to be a pivot. they'll continue to raise rates and make sure they tame inflation even at the cost of jobs and what it will do to the economy. >> we could get negative month-on-month cpis and have home prices go negative and job losses start to move in scale and you think the fed will be resolute.

we're delivering alpha stanley druckenmiller sees a hard landing in 2023 j.p. morgan says inflation is here to stay orlando bravo shares his thoughts on the market and what's next for crypto >> because if you've got alpha don't keep it to yourself. you need to deliver. don't keep the alpha >>> stocks overall they are rebounding nicely this afternoon, bear market bounce, whatever you want to call it, driven by a retreat in yields. yields down, stocks up this after the bank of england announced a temporary bond buying plan. they were supposed to sell bonds. they started buying them back. a little quantitative easing coming back. the dow and nasdaq standing in the way of the screen, getting higher 437 points, nasdaq up 1.3% all kind of about the same if you watched "the exchange" like a minute ago, you would have heard steve covac talking about apple. apple down about 3%. you heard the report that basically said there might be issue with iphone production cuts because of sales for the iphone 14 pro. debate it all you want either way no debate that the market is ce

big panels including mine later this morning with stan druckenmiller." will be right back. >> announcer: delivering alpha is sponsored by parametric flexshares etfs are built with advanced modeling. to fill portfolio gaps and target specific goals. strengthening client confidence in you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. welcome to ameriprise. i'm sam morrison, my brother max recommended you. so my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors the garcia's, love working with you. because the advice we give is personalized. hey john reese, jr. how's your father doing? to help reach your goals with confidence. my sister told me so much about you. that's why it's more than advice worth listening to. it's advice worth talking about. ameriprise financial. >>> breaking market news, the futures surging off session lo

and that is to your point is where the druckenmillers made a lot of money >> let us know if you make a move in either of those. we're going to take a quick break. straight ahead billionaire investor jim chanos is going to join us right before he takes the stage here at delivering alpha. "halftime" is back in just two minutes. these straps are mind-b! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. what's it going to take for the world to reach net-zero emissions? it's going to take investing in some things you've heard of and some you'd never expect. it's going to take funding innovation in renewable energy, helping reduce carbon footprints, and big bets on environmentally conscious construction. citi has committed 1 trillion dollars in sustainable financing to help build a better future. because to reach net zero, it's going to take everythin

. >> that is what stan druckenmiller told you yesterday. selling at 1%. now we waited. >> yeah. the other thing we talked about is the world central bankers supposed to work in a synchronized fashion we're not. when there is a weak link, you see what happens with currency >> we got used to the idea of them working in a coordinated effort because of 2008 and the global financial crisis. every economy has a slightly different issue they are dealing with >> it all happened from them we want 75 they go 50 the dollar is already surging and the pound is down in parity and euro below parity. we do 75 and they do 50. maybe something can happen you see what happens with gilts. i thought also the journal talked about this. journal points out the debt ratio in the uk is much more favorable than we have here. just immediately tying it to poor prime minister truss. >> you can't do that in the time >> you can't do student loan forgiveness. >> a point where investors say no more. >> we're at 125% they're at85%. they have another 40% they could issue. >> you should be aware >> the journal point

>> jeremy, long term a lot of people would consider ten years to be a very long term and stan druckenmillert because of what he thinks we may have to go through now and then. i disagree with that completely. the dow and the s&p would be flat we addaed 40% to the money supply since the pandemic began in march 2020 and earnings have historically moved up just with inflation and the money supply so stocks should be 40% higher than they were they were at 1.50. 55% higher and now they've come down and i guess they're 20% higher than pre-pandemic levels and we'll have the same dow when the earnings yields that i see there on the market show that your returns are going to be probably in the neighborhood of 6% per year after inflation. that's a bit below the long term average, but still much better than bonds and certainly far above a flat average >> when some people compare this and they say, look, the last 40 years. you look at the last 40 years as history you would be 100% right, jeremy, that you could hold your breath for six pongs and you wake up and things would be great again and then you go

we're delivering alpha stanley druckenmiller sees a hard landing in 2023 j.p.here t

the speakers span asset classes and strategies stan druckenmiller will be with us as many others.ith dan ivascyn we'll have a panel focused on short selling and a one-on-one with ken griffin with the midterms over a month away, we get the climate with the deputy secretary wally adeyemo. tickets are still available for purchase at deliveringalpha.com. >> leslie, it will be an amazing day. we will get a snapshot across the country and how investors are thinking especially given the federal reserve and other central banks. what is the one thing you are looking forward to >> reporter: andrew, this is cheesy to say. this is the first time back in person in three years. i'm looking forward to the conversations that take place in the room you know this better than anybody. so often with the conferences f y , if you have a digital model, you get the side conversations and see who is talking to whom and during times like these, it is important because you really have so much uncertainty out there. so many questions. when you have people who have such diverse experiences and thought in the

among our special guests, aisle sit down with stan druckenmiller.ou're watching "squawk box" on cnbc you'll always remember buying your first car. and buying your starter home. or whatever this is. but the things that last a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. we believe that your investments should work harder for the future you imagine. and that's where our strategic investing approach can help. t. rowe price. invest with confidence. >>> welcome back to "squawk box. in corporate news, stitch fix sliding in the shares. take a look at this. they just reported a larger than expected quarterly loss. the company forecasting a weaker forecast they expect sales to continue to fall over the short term, it says, as the number of active customers declines it's important to note its market capital southbound $500 million, off by about 7% this morning. talk about cryptos, yeah. >> crypto's been -- it was below -- i'm talking about bin ccoin i joining us now is dan morehead, panettiere ya capital fou

the speakers span asset classes and investing strategies for example, we'll here from stan druckenmilleri'll be sitting down with pimco's cio, dan iveson. in the pe space you'll be interviewing blackstone's jon gray i'll be moderating a panel on growth investing with bill ford of general atlantic. we'll have a panel focused on short selling as well with carson block and jim chanos and one-on-one with ken griffin. with the midterms just a few weeks away, we'll get a sense of the political climate with the deputy treasury secretary wally adeyemo and with virginia governor glenn youngkin. tickets are still available for purchase at deliveringalpha.com. that event taking place tomorrow morgan >> leslie picker, thank you. >>> as we head to break, check out bitcoin. higher by about 5% this morning. closing in on 10% gains for the week back above 20,000. >>> in other crypto news, ftx continuing its buying streak, winning an auction for bankrupt crypto broker voyager digital. other names like coinbase are moving higher as well. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? whe

of wall street luminaries for the book, including names we know around here, larry fink, stan druckenmiller. but this is particularly interesting to have you speaking to these investors, because you do there is for a living, and yd it pretty well >> thank you some of the interviews had to be done virtually because of covid, and i know a lot of them and have done some work with them, but i got to talk about their backgrounds and what made them tick and figure out what it is that makes someone a great investor versus an average investor >> what did you find >> generally they are from nice families, not from poverty-stricken families but middle class families. good at math, pretty good students, like to read, like to be in control, make to make the final decision and go against conventional wisdom, which is what make them great if you went with conventional wisdom, you'd be like everybody else >> going against conventional wisdom, what are some examples of that where some sigged where ot somewhere others s.a.g.ed. >> one made roughly $20 billion. mike novogratz got into crypto early when peopl

among the special guests i'll sit down with stan druckenmiller.what, i'm glad that i found out. i would be there early september 28th go to deliveringalpha.com and register stay tuned. >> hello, is anybody he?er >> where is everyone >> you're watching "squawk box" >> you're watching "squawk box" on cnbc.me bonds inspire confid, and some you grow to rely on. these are the bonds worth investing in. for over 50 years, pimco has reinvented fixed income to create opportunities for investors in every market environment. so, no matter what happens you can build the bonds that mean the most to you. pimco, a global leader in active fixed income. pst. girl. you can do better. at least with your big-name wireless carrier. with xfinity mobile you can get unlimited for $30 per month on the nation's most reliable 5g network. they can even save you hundreds a year on your wireless bill over t-mobile, at&t, and verizon. wow. i can do better! yes you can! i can do better, too! now you really can do better! switch to the fastest mobile service - xfinity mobile. now

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