joining us is eric jackson from emj capital. c, we remember a month ago that you told us you thought we had seen the lows in june and clearly that was a really good call but there are still some saying the market is getting ahead of itself we just heard from mike feroli of jpmorgan who said it doesn't look like the fed will cut any time soon and this is just a bear market rally. what do you think? >> well, yeah, two weeks ago we kept hearing that it's a short covering, it's a bear market rally, we haven't seen capitulation yesterday if i had a nickel for every time i've heard that from someone over the last couple of months and yet the market keeps going and so i think there's -- another favorite was wait for the e in pe to come down for earnings season. we're pretty much done tech earnings at least now and i think we can say unequivocally it was a fantastic earnings part of the reason why stocks have done so well coming out of earnings is because they were sold off so much in the first half of this year. at some point price matt

want look at eric jackson with crayola kennels in oakland breeds frenchies. he sold this french bulldog for $100,000 400,000. so, you know, when people see that, you know, it's just that would be jackson says. if you have a friend, she you should get it microchipped. he says demand will remain strong for the dogs because they're low maintenance. great for apartments and families. my mother who suffers from dementia, he's become very therapeutic for her. reynoso will continue to search for frankie reporting in fremont justin campbell kron. 4 news. >> well, actually, this is the latest in the string of french bull dog napping around the bay area. look at this graphic. we have at least 10 dogs have been taken from their owner since the start of the year. so you see the different cities. san francisco mountain view, santa clara, san jose fremont all across the bay area. this is not an isolated crime. some of the dogs have been returned to their owners. but many have not and have been missing for months to keep that in mind. if you have a french bulldog. over the

eric jackson the emj capital i know you've liked this name and have recommended it even though you've had to take down the price targets. do you like what you hear today? >> it is encouraging i think snap is one of those companies that have been burning cash at a rapid clip they hired aggressively last year they acquired a couple of companies. i feel the steps they are taking today almost $400 million in run rate cost savings is the right move some of the charts and the spend is also the right move cash flows need to rise. if the company can show in the next period, it's time to start buying the stock here. >> eric, i don't think you own snap, but you own stocks like this, right, that are growth stocks, that are having to cut jobs and restructure their businesses to focus on cash flow and profitability and then we get into this quandary, right, of how to balance profitability with growth and whether this is all coming at the expense of the future what do you make of it >> well, i think it's the right thing to do, sara, absolutely. i don't own it, though, and i'm not tempted to own it

more look at eric jackson with crayola kennels in oakland breeds frenchies. he sold this french bulldog for $100,000 400,000. so, you know, when people see that, you know, it's just that would be the jackson says. if you have a friend, she you should get it microchipped. he says demand will remain strong for the dogs because they're low maintenance. great for apartments and families. my mother who suffers from dementia, he's become very therapeutic for her. reynoso will continue to search for frankie reporting in fremont justin campbell kron. 4 news. >> and the incident justin just talked about is the latest in what has really become a trend. the french bull dog napping around the bay area. just take a look at this map since the start of the year. at least 10 dogs have been taken from their owners. you can see on the map that the crime is not isolated to one area mountain view. san francisco, oakland, all the way around freeman, san jose, santa clara, some of the dogs have been returned to their owners, but others have been missing for months. >> happening no

want look at eric jackson with crayola kennels in oakland breeds frenchies. know, when people see that, you know, this is that would be the jackson says. if you have a friend, she you should get it microchipped. he says demand will remain strong for the dogs because they're low maintenance. great for apartments and families. my mother who suffers from dementia, he's become very therapeutic for her. reynoso will continue to search for frankie reporting in fremont justin campbell kron. 4 news. yeah, unfortunately, this is just the latest in a trend of french bull dog napping is all around the bay area. as you can see there. >> since the start of the year, at least 10 dogs have been taken from their owners. and you can see that on this map. but, you know, the crime is not isolated to, you know, just one area. it's all over the bay. some of these dogs have been returned to their owners. but others have been missing for months now. it's crazy. >> the san francisco county jail has reported one monkeypox case. the sheriff's office confirming with kron 4 that somebod

at eric jackson with crayola kennels in oakland breeds frenchies. he sold this french bulldog for $100,000 400,000. so, you know, when people see that, you know, this is that would be the jackson says. if you have a friend, she you should get it microchipped. he says demand will remain strong for the dogs because they're low maintenance. great for apartments and families. my mother who suffers from dementia, he's become very therapeutic for her. reynoso will continue to search for frankie reporting in fremont justin campbell kron. 4 news. >> and this is just the latest in a string of french bulldog kidnappings around the bay area. at least 10 dogs have been taken from their owners since the beginning of the year. as this map indicates. that, of course, is not isolated to one area happening all over. some of the dogs have been returned to their owners. many have not and have been missing for months. >> coming up on kron, 4 news at 10 tonight, east bay police looking for a 13 year-old girl who went missing over the weekend. what authorities are saying

. >> we have the fed, eric, we have jackson hole meeting coming up here in a week.ill be there. you talk about the fed shift if it is going to come, it could come in the vistas of jackson hole eric, thank you. >>> i appreciate you tuning in to "worldwide exchange." if you watch us live now or you are watching us lar.te see you tomorrow "squawk box" is next take care. it's time for the biggest sale of the year, on the sleep number 360 smart bed. it's temperature balancing, so you both say cool. our smart sleepers get 28 minutes more restful sleep per night. all smart beds are on sale. save 50% on the sleep number 360 limited edition smart bed. only for a limited time. in order for small businesses to thrive, they need to be smart. efficient. agile. and that's never been more important than it is right now. so for a limited time, comcast business is introducing small business savings. call now to get powerful internet for just 39 dollars a month. with no contract. and a money back guarantee. all on the largest, fastest reliable network. from the company that powers mo

eric. >> hallie jackson in washington.st ranking american official to travel to taiwan in 25 years china claims the democratic island nation as its own and was furious over the speaker's trip. china responded with diplomatic threats and increased military drills in the region after the meeting with taiwan's president miss pelosi, a long-time china critic, said her visit was meant as a show of solidarity with taiwan. >>> on capitol hill a bill to expand health benefits to military veterans exposed to toxic chemicals heading to the president's desk it comes after a years long push, a setback in recent days as well that led to a wave of demonstrations nbc's ali vitali has the details. >> the senate passing the so-called packed act 86-11 last night overwhelmingly bipartisan vote it's a moment veterans and activists told me was a long time coming. >> reporter: an emotional celebration overnight. [ applause ] >> reporter: after a hard fought battle on capitol hill. >> there was a lot of veterans who couldn't come because they ar

think we have to go to elinor's, a wonderful pub behind a liquor store in jackson and we can watch part of midlothian plays eric -- play zurich. jon: you go to the liquor store before the bar? tom: you go to the liquor store in the bar is in the back. jon: are you serious? tom: yeah. i think they look good against zurich. jon: all right, he is available on twitter in the middle of the night may be. check it out before gets deleted. [laughter] futures unchanged. this is bloomberg. ♪ ritika: keeping up-to-date from news from around the world, minneapolis fed president says it is clear the central bank needs to tighten monetary policy. in his speech, he said inflation is high in the fed should relax only when there is evidence it is on the way back down to 2%. u.s. consumer prices rose 8.5% in the 12 months through july. it's the six-month anniversary of russia's invasion of ukraine and the war has fundamental assumptions against russians military and economy. analysts have been surprised moscow's better equipped army did not quickly dominate ukrainian forces. on the other hand, russia's economy is holding up bett

eric what do you think about that? >> we think more volatility downside than upside in the near term. we think to your point it's a huge week with jacksoniday. we get a lot of economic data on friday. we see bias from the consumer weakening here. a bit more defensive, utilities infrastructure and involved in energy. those are three places we like. we wouldn't be excited to get into tech and consumer discretionary yet. liz: so no consumer discretionary yet. andrew, we had better come on be real careful with the retail names because there are still opportunity because people still need to buy certain things. tell me exactly what sense you have about to where to put the money at this moment because you like a down day like this? >> good afternoon, liz. yes, we like a down day because we think we'll have more of them. we think there is another shoe to drop. so we think there are some opportunities. we're not as optimistic in retail as the prior guests were. they seemed to think that the ultrahigh net worth retail client is much more insulated from this. i would point to things like if you look at websites like crono 24 or talk to wealthy cl

eric brighton. >> are you ready to take this country back? >> reporter: a round of from nbc 's hallie jackson. we start with you out west where it is too close to call the governor's race but it seems to be almost a sweep there for former president trump . >> reporter: exactly. this was what we were setting up yesterday. the potential the donald trump endorsed candidates would pull off victories. blake masters said he would've objected to the certification if he had been in the u.s. senate at the time. also kari lake and mark mitchum for secretary of state. and a sizable advantage for the person running for attorney general here. they have called for the decertification of the 2020 election. these individuals are facing democrats and what is the post to be close and competitive general election races. and now rusty powers who testified publicly in front of the january 6th select committee about the pressure campaign in the weeks with the 2020 election with trump allies that pressured him in the arizona state legislature that the ballots be recounted. last night he lost by a sizable margin and

eric schmitt this morning, live. >> thanks, maria. maria: thank you, sir. quick break and then fed chair jay powell at the ready do to comment on inflation during today's jacksonmcginnis. she's on the ground live in jackson hole. we're going to take you there. stay with us. ♪ oh, yeah, all right. ♪ take it easy, baby. ♪ make it last all night. ♪ she was an american girl. ♪ ♪ (queen - we will rock you) ♪ ♪ ♪ ♪ ♪ ♪ ♪ the new gmc sierra. premium and capable. that's professional grade. ♪ if you shop at walmart, you get it. ♪ you save on what you need without skimping on the things you love. ♪ you know how to spend a little less to get a little more to make life a little better. ♪ it's time for the biggest sale of the year, on the sleep number 360® smart bed. snoring? it can gently raise your partner's head to help. our smart sleepers get 28 minutes more restful sleep per night. don't miss our labor day weekend special. save 50% on the sleep number 360® limited edition smart bed. ends labor day. maria: welcome back. stocks are lower this morning, take a look at futures indicating a decline of 72 points on the dow industrials, 606 points lower -- 60 points lower on