frank holland is here with that and more >> good morning, brian we start with the meta platforms. mark zuckerberg will review a new head set this october. speaking on the joe rogan experience, the next will have new features to help experience with a feeling of social presence >>> union news workers in lansing, michigan at chipotle voting in favor the unionization it establishes the chain's first and only union in the u.s. the vote took place in the parking lot. companies like amazon and starbucks and apple seeing a unionization push. >>> and home partners america owned by blackstone will stop buying homes in 38 cities. this is the latest institutional investor to scale back activity in an overheated housing market. among the impacts is boise, idaho and memphis, tennessee brian, back over to you. >> frank, see you in a few minutes. >>> developing story this morning. another group of america lawmakers are making their way to taiwan. this despite china still fuming over nancy pelosi's visit this month. eunice yoon is joining us from beijing. eunice, what can you tell us >> reporter:

frank holland. >> wilf, we will start off with wall street.king for ways to bypass the tax on the health and climate bill according to the financial times, bankers and lawyers are looking to buyback shares next year without paying millions in taxes. the strategy involves using accelerated share purchase programs it depends on the treasury guidance on the matter. >>> amazon shutting down the tell health service. after deciding it wasn't the right long-term solution for enterprise customers it marks a retreat for amazon. >>> and twitter facing a growing number of employee departures after the whistleblower and the fight with elon musk 18% according to reuters before musk made the figure to buy twitter, that figure was 14% and 16%. the twitter whistleblower will testify next month the committee announcing the appearance by the former security chief who alleged security shortfalls by the company. twitter shares down 7% this week wilf, back to you. >> frank, thank you so much. >>> now to the top story the fed reserve kicking off the jackson hole ec

bva c frank holland is here on cisco and colin rush on wolfspeed. durant the dow is positive. it's 40 points up. the s&p 500 up a third of a percent. this is kind of a familiar pattern. we've had some attempts at weakness this week, and then a reversal it does feel like the uptrend for this market is intact after four straight up weeks are you a growing believer that this could be something more lasting, perhaps a bull market >> yeah, i absolutely am i think it is the early stages of a bull market that started in mid-june and i am not a believer in the bear market bounce theory. if you look at this current rally, we know why it's happened in terms of earnings expectations, they were way too low. that came in positively. investors were underpositioned but, you know, right now you've seen a broad-based rally which usually marks the start of a sustainable rally. you also have the market going up or holding steady on bad news, like the china news on monday and all sorts of other things that's also an indicator of a bottom being put in. we have seen the

preventing hacks, not on major companies, but good folks like frank holland and i. frank is back. >> good morning, brian 95% of cyber attacks are caused by human error, not hacks. that is why amazon, the largest player in cloud infrastructure globally is launches this public service announcement with michael b. jordan and tessa thompson to shed light on bringing understanding to the mainstream about things likeautn you are require to enter a code in addition to the password to gain access to the network this puts a spin on data security it is serious and it is growing. according to the fbi, losses from cybersecurity attacks have increased 383% to over $6.9 billion over the last five years. amazon has 40% of the global market the goal is to help consumers and make them feel comfortable with the transition to cloud >> customers feel better about their security with full visibility which is a core tenet of operating in the cloud. it drives online engagement. >> it can help with the adoption of alexa at home and in cars mainstream cybersecurity helps stocks that focus on

is tuesday, august 16th you are watching "worldwide exchange" here on cnbc >>> good morning i'm frank holland in for brian sullivan today thanks for waking up with us let's kick off the hour with the check of the markets and your money. stock futures a bit muted. slightly in the green right now. actually look at the implied open i apologize. a dip tbetween positive and negative this is after the win streak on monday with the indexes closing flat and the u.s. treasuries with the 10-year treasury at 2.795. not a lot of movemeovement. we have been watching the oil market crude prices extending the declines after the economic data from china sparring fresh worries of the recession. wti be low $100 a barrel. a month ago, wti was up over $100 a barrel. and bitcoin falling below the key $25,000 mark $24,000 overnight. we we are watching it both of these, ethereum and bitcoin down 60% from the highs. both are up high in the third quarter. ethereum up 60%. bitcoin up 20% ethereum getting a boost from the merge event coming up. an article on cnbc.com if you want more on that. >>> we turn to the early t

. >>> welcome to the "halftime report," i am frank holland, in for the judge, the great rate debate we'reges from the fed, hawker, dovish, does the market have it right when it comes to rate hikes ahead, and are the risks more to the downside for this summer rally? watch in the markets today, they recently took a move to the upside, apple less than -- higher highs ahead what does it mean for the rest of tech? we're going to debate that and much much more with our investment committee today thatn

frank holland joins you with the story and danielle shay jane us. welcome to both of you frank, what are you watching for kriismt. sco. last quarter them game out can with dire look but the next quarter, 5% eps, the questions about china, sourcing components, they still remain, as the country continues to ramp up from the covid lockdowns, and the russia/ukraine war is continues there are some questions about cisco's able to maintain the customer base, and fend off competitors. no question, it does have a backlog, but does it translate to revenues going forward? we'll have a lot of questions for the ceo. >> danielle, all three of these companies you think could have some up side to watch, right >> that's correct. honestly, the reason is just because of the way investors have been reacting we came into the quarter nose there were be all kinds of headwinds. the fact of the matter is a lot of this has priced in when earnings are better than expected, the company ends of trading higher i think it's, at a minimum, is a hold here. i thought a $2.50 expecte

frank holland doing double duty. hello, frank. >> hey! actually hopping off the call.lysts asking the question. one thing they are focusing on is the growth and product. snowflake appears to be moving higher on upbeat guidance and growth of the key metrics that analysts and investors believe. evaluation is more than 1000 times forward earnings. we were talking about what salesforce was at 37 times. above estimates for the next quarter and the full year. also, better than expected growth for customers even in this uncertain macroenvironment. revenue growth from current customers at 171% in line with the growth we have seen in previous quarters. outlook leaning toward expectations of not only increase growth but increase profitability. p categories including product where it gets the majority of revenue. also, full operating margin and margin expansion when it comes to free cash flow. >> a very interesting quarter on this one. karen, what do you make with what is going on on snowflake? investors like what they are hearing. i know the call is still ongoing, it sounds like

i'm frank holland in for the judge, scott wapner.aking a bit of a breather as investors look for guidance from the fed about rate hikes ahead. we will get more clues in a couple of hours from now big question from today, can the recent rally keep going. we will debate and the next move for your money joe tear noarranova. we are waiting for the latest fed notes to be released in two hours. you so a lot of red across the board. the s&p 500 having the biggest drop in three weeks,

i'm frank holland from cnbc.l street set to open up lower today over fears of the fed to hike interest rates. the fed holds the annual sin pose yum this week with the chairman speaking on friday. the markets falling on friday. focus this week aside from the fed reports on new and pending home sales, durable goods and personal spending. a group of apple employees are pushing back for workers to return to the office next month. they argue they have shown they can work well in flexible working. there's a petition circulating. tim cook told apple employees to return to the office three days a week. i hate to be the bearer of bad news but get ready to pay up for coffee. farmers have endured frost and a crop less than half of what it would be in a good year. brazil matters because it is a major exporter. it is going to be pricier java for you guys on the bay area. >> haven't taken a first sip. >> it will cost you. >> this is the best part of waking up? thank you, frank. it's a monday. >>> families affected by drug cris

guidance was also weak the cfo blaming that on lumpiness of government work frank holland here with morehe reason the stock is hit so hard, down 14, 15%? >> well, sara, it's really not that complicated it's that soft guidance. that lumpiness comment was confirming the fears of many investors according to analysts. there's a lot of concerns about the inconsistency of government work and the fact that it's kinda sometimes hard to forecast it can always be hard to forecast a lot of people may have forgotten about this, but people on wall street haven't remember that $10 billion jedi contract amazon battled over and it was broken into smaller pieces that's something that hangs over this stock the idea that government work can change or shift whether it's due to an election or something else that happens in d.c you have to remember that palantir gets 80% of its revenue from government contracts. >> frank holland, thanks very much si solar stocks -- one of the producers joins us now, john berger john, i know you were excited when we got word of this deal and i'm sure you're very happy that it

report," i am frank holland in for scott wapner stocks coming off a third straight week of gains are we in a new bull market, or is it just too early to call the bottom we're going to debate that with the historic inflation reduction bill passed in the senate will mean for buybacks and shareholders we are joined by our investment committee today, steve weiss, kevin o'leary, joe terranova and right here with me on set liz young. but first, let's get a check on the markets. the major averages edging higher again. the nasdaq on its longest winning streak since april, getting pu

back over to you. >>> frank, thanks for that, frank holland on a busy week ahead on some of the software>>> still ahead, the return to work battle heating up at apple. why employees are pushing back in a moment. >>> a small group of apple employees pushing back against the company's return to office plan as a reminder, tim cook told employees they must return to the office three days a week starting labor day to preserve, quote, in-person collaboration that is essential to our culture. but these employees say they've proven they can perform exceptional work with a flexible schedule they've had for the last two years demanding they'd be allowed to work with their immediate manager to design the best work environment going forward. they got a petition online, just 208 people have signed it, and carl, apple's a big company. that's not a big percentage of the office going apple population. >> less than i would have thought, actually. >> it's a small sample, john, interesting. we'll watch that by the way, don't miss coinbase ceo brian armstrong, a cnbc exclusive you do not want to miss here t

the higher margin packages and one with the surcharges. >> big numbers >> thank you very much, frank holland you caught up on some of these moves in the stock market the nasdaq turned negative, and the s&p is biarely hanging on te gains and bob pisani is at the new york stock exchange. >> we are fading going into the close and remember, we've had an enormous rally, 15% since the bottom on june 16th. i want to show you what's going on and we had positive stocks and consumer discretionary and that's now reversed and they're now down and those were big market leaders energy which was flattish at the open as we see oil moving into the low 90s. retail has held up fairly well, though let me show you a couple of other things that are moving rid now. a couple of consumer names are continuing to hold up. it's not just tech stocks. tapestry's been moving, nike, best buy, and even reits have been doing well and simon properties are doing well and metal stocks that have been struggling in a couple of weeks prior to now, and freeport mcmorran and the biggest copper producer in the world and i want to sho

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. >> let's get to frank holland for a cnbc news update. >> hi there.s is your cnbc news update for this hour. president biden will continue with a rebound case seen in a small percentage of patients treated with paxlovid. the president feels well >>> meanwhile, covid continues to complicate vote counting in the senate jon cornyn is doing fine as he isolates cornyn gives some cushion, as they pass a spending bill in the evenly divided senate. he will be back to vote against the measure if the vote is held this weekend, however that is unlikely >> a reamericaable video of beach goers, spotting a shark after being caught in a fishing line and a man used a pair of flyers to get the hook out of the mouth and setting free into the waves. >> want sure if i'd get that close. >> good samaritans on the sharks the sharks were coming in close in part because the bait fish are cleaner and the bait fish are coming in close and that's why we're seeing dolphins in new york harbor. frank holland down there in maryland >> the stocks are lower for the year and we'll spea

frank holland has been listening on and join us now with all the details. frank expect hey, melissa. higher after the earnings stock carded at 4:30 sometimes. guidance was makes. revenue higher-than-expected. profit, however, soft throughout the quarter and the full year. on the call that began at 4:30 chuck robbins, the ceo, addressed the supply-chain issues that have led the company to after five new suppliers. in some cases redesign product . he says he expects that to lead to higher costs in q1. as the year goes on he expects those new components new suppliers to ease as the fiscal year continues. investors appear to be encouraged by some of the forward-looking financial metrics, including record remaining performing acquisitions at $31 billion. that something robin says gave the company increase confidence about their guidance. back over to you >> squawk on the street. i almost forgot the most important part. breaking down the corner. >> thanks. frank holland. guys, your take on the quarter?>> the guided revenue four to 6% is higher than previous guida

for now let's get to frank holland and "the half. >> all right thanks, john welcome to the halftime report i am frank holland the slide in semis micron now the second company in as many days to warn about revenue it comes as president biden signs the chips act getting billions in subsidies to that sector we will discuss what is ahead for the group, the state of tech, and of course stocks overall. now we have to introduce our investment committee today josh, we actually spent the weekend together believe it or not. not like that. let's check on the markets

i'm frank holland in for the judge, scott wapner. s&p and nasdaq on track for a fourth week of gains their longest weekly win streak in nine months are investors getting more comfortable with the idea of peak inflation plus apple less than 7% from 52-week highs and tech seeing its biggest inflows in months. what's next for this trade we'll debate that and much, much more with our investment committee. today we have bryn talkington, joe terranova and jim

. >>> welcome to the "halftime report," i am frank holland, in for the judge, the great rate debate we're getting mixed messages from the fed, hawker, dovish, does the market have it right when it comes to rate hikes ahead, and are the risks more to the downside for this summer rally? watch in the markets today, they recently took a move to the upside, apple less than -- higher highs ahead what does it mean for the rest of tech? we're going to debate that and much much more with our investment committee today that includes josh brown, steve wise, and -- let's get a check on the markets this hour. as we mentioned, stocks taking a move to the upside, just about an hour ago right now with the exception of the dow still of t, we're seeing the s&p up also fractionally, nasdaq up also a quarter of a percent rates right now 2.853 for the ten year and this is where we begin. jim, let's start we had the fed minutes yesterday, what was your take from it, did you get a clear picture of where the fed is, hawkish, dovish, aggressive, what did you take away >> i did not take much away from the minutes.

frank holland, thank you very much you can catch more on the meme trade tonight.turn of the retail trader" 6:00 p.m. eastern time right here on cnbc. >>> let's hit peloton shares they're popping after the ceo wrote that the exercise equipment company is cutting nearly 800 jobs, closing an unspecified number of stores and raising the prices of some products lauren thomas joins us lauren, i feel like this happens every few months for peloton no >> yeah, absolutely. no, it is a bit of deja vu you remember back in february, massive overhaul in peloton. that's when the ceo, barry mccarthy, took the reins from the founder of the company and peloton announced this $800 million restructuring plan it said it was going to cut about 2,800 jobs just fast forward a few months later and here we are again with more cuts. barry mccarthy has made it very clear since taking the reins at peloton, achieving profitability and getting peloton back in the position where it is making money and has free cash flow is a top priority for him today the easier question to ask is where is pelot

for now let's get to frank holland and "the half. >> all right thanks, john welcome to the halftime report i am frank holland the slide in semis micron now the second company in as many days to warn about revenue it comes as president biden signs the chips act getting billions in subsidies to that sector we will discuss what is ahead for the group, the state of tech, and of course stocks overall. now we have to introduce our investment committee today josh, we actually spent the weekend together believe it or not. not like that. let's check on the markets this hour. >> it meant nothing to me, frank. >> the major averages all lower right now the nasdaq the biggest loser falling for the third straight day because of the weakness in seem ies, semis counting for a third to about a half of that decline the ten-year yield coming in at 2.781% this is where we began we start with chips of course where this conversation has to start. micron issuing a revenue warning. very concerned about its revenue. also issuing a warning about free cash flow on the heels, actually right before the chips act was s

. >>> good afternoon i'm frank holland. here's our cnbc news update for this hour.umpors cfo alan weaselberg is expected to plead guilty on thursday to criminal charges tied to the d.a. maeptan's organizations of former donald trump's businesses two people familiar with the matter says he's expected to be sentenced to five months in jail as part of a plea. hearing aid are being made available for consumers without a prescription or medical exam the devices will be available for people 18 and older with mild to moderate hearing louse loss. >>> and the decision to euthanize their 17-year-old walrus they were concerned about her welfare and the risk to spectators this sparked concern over how scandinavian treats their wildlife. >> it's opposite of a free willy. >> i don't like it thanks very much, frank holland forks that soil sliding again now down 10% just so far in august and we're not even done with it. the energy sector has moved into positive territory today but it's still a negative sector overall. jason snipe, we talked about it before the break you are adding

ask with that, let's get to frank holland and the half >>> thanks a lot, jon, welcome to "the halftime report," i am frank holland in for scott wapner stocks coming off a third straight week of gains are we in a new bull market, or is it just too early to call the bottom we're going to debate that with the historic inflation reduction bill passed in the senate will mean for buybacks and shareholders we are joined by our investment committee today, steve weiss, kevin o'leary, joe terranova and right here with me on set liz young. but first, let's get a check on the markets. the major averages edging higher again. the nasdaq on its longest winning streak since april, getting pushed higher by tesla right now looking at the ten-year note. yield right now at 2.777 that could be lucky for somebody somewhere. right now the dow up more than 100 points let's get right into it. liz you're right here with me. what do you think? are we in a bull market? are we in a bear rally what are we doing right now? >> i think that valuations at this point are a little stretched given that nothing has really

i'm frank holland from cnbc.ll start things off with wall street, the markets are set to open higher after stocks suffered their worst day since june yesterday. the summer rally fades and the growing concerns about the fed aggressively raising interest rates to bring down inflation, even if that results in a recession. the dow dropping 643 points while the s&p 500 fell more than 2%. the tech-heavy nasdaq fell 2.5%. those declines were led by i.t., tech and consumer discretionary stocks. >>> apple plans to start making the iphone 14 in india, as it seeks alternatives to china. covid lockdowns across china disrupted production. bloomberg reports apple's been working with its suppliers to ramp upn india and shorten the lag from operating. mexico and vietnam are becoming increasingly important to contract manufacturers, who supply american brands as they try and shift their production away from china. >>> and twitter has confirmed it's testing a new profile badge for people who verified their phone number. the compan

i'm frank holland from cnbc. wall street is set to open up lower this morning, extending yesterday's losses. investors are in a wait-and-see mode ahead of a big speech by jerome powell on friday. he's expected to hike interest rates even if that means possibly triggering a recession. the s&p 500 closing in the red for a third straight day. focus on today earnings from salesforce and chipmaker nvidia. >>> nearly 70% of adults say they're worried about a possible recession before the end of next year. a new survey from bank rate shows three-quarters of people are actively taking steps with their personal finances. those include spending less on discretionary items, saving more for emergency and retirement and looking for additional or more stable income. about half of people think inflation will be even worse a year from now. >>> and toll brothers the nation's largest luxury home builder is reporting a forecast drop. a rush of sales during the pandemic, home builders are facing now a drop in demand. the customers a

frank holland is here with those. very good morning to you >> great to see you. and the plan is to authorize omicron versions of covid-19 vaccine. americans 12 and older could start getting boosters around labor day. those sources are saying moderna is seeking authorization. >>> the ftc will drop zuckerberg from an antitrust lawsuit. the ftc said they were trying to buy it and reduces competition and violates antitrust laws. >>> bed, bath & beyond secured a new financing deal it locked in a deal with one followed by a deal with j.p. chase. bed, bath will provide an update at the end of this month shares are up more than 15%. short interest at 38%. >> crazy stuff j retail more r and slashing the sales at lower rack stores. we've had a similar story for urban outfitters it's not all bad news. shares of lazy boy popping after a top and bottom line beat sales surged 30% year on year marking an all-time quarterly record by $236 million we're not done yet reports from dollar general, dollar tree in those good for you let's summarize earnings season as a whole how far a

frank holland joins us for more. frank, what will investors be watching when salesforce reports?s declined by 31%. operating margin and q1 guided operating margin for the full year the street is looking for over 18% and there are a lot of questions about how the company will expand margins for the full year the ceo marc benioff says results are deeply impacted by the strong dollar last quarter and a $200 million hit due to currency in this report. sales force gets a third of revenue outside the americas and how that will impact margins >> for sure. a headwind and, frank, what should we watch out of snowflake? >> they all want to see growth that justifies the sky high valuation of this data as a service stock. so revenues forecast increased by 71% but eps estimates have a loss of a penny. pick a metric. rpo is forecast to increase by 84%. 2.76 billion that would be in line with the growth from q1 customers growing by 35% and real growth during an uncertain macro time >> for sure. very strong expectations in snowflake to see if any of them really prove justified by these current nu

i'm frank holland. welcome to "the halftime report." i'm in for scott wapner. stocks pushing higher again. the nasdaq up 20% from its june lows the s&p up 15% from its lows, even the small caps are posting big gains. the question today, is the rally for real or is it one big head fake we'll debate that and much more along with your next money move. shannon sacoccia, degas wright, josh brown stocks are higher after more data eases those fears

. >>> let's go stateside and the headlines and what could be a change for apple manufacturing frank holland is here. >> apparele plans to start the t iphone in india two months after the initial release out of china. the company has been working with suppliers to ramp up manufacturing in india to shorten the lag in production from the typical six to nine months the move is part to diversify away from china amid the production disruption and increasing scrutiny out of beijing. >>> mcdonald's is shaking up the board of directors with sheila penrose who leads the corporate responsibility committee she is stepping down on september 30th penrose served since 2006 and found herself the target of carl icahn and his proxy fight. mcdonald's is adding executives from marriott and johnson & johnson to the board. >>> a new record from zillow is showing the home prices are falling. .1%. the first month over month decline since 2012 that amounts to $366 with the typical u.s. hope price sitting at just over $357,000. that's the latest. brian, back to you. >> frank, good morning see you in a few minutes. >

its competitors are ramping up for the busy season, freight can be facing a big labor dispute frank hollandneed more compensation. that includes the white house getting involved in the negotiations for the 120,000 u.s. rail workers, long shoremen at the port of l.a. and west coast ports are currently working on an expired contract and there are teamsters that want higher wages. their contract expires in july of 2023. fedex ground is operated entirely by outside contractors. that's 6,000 small businesses. the largest of which is spencer patten he's also the organizer of the annual meeting of contractors that kicks off in vegas tomorrow he says without financial relief he would have to shut down his business by black friday and he says many other contractors are in the same situation. >> our fuel prices have doubled, that has been unprecedented in our business's history and have severely impacted profit margins. >> fed sex helping contractors fine financially and they say in part, we adapted to the tremendous growth of e-commerce, and the average annual revenue for service provider business h

frank holland has that for us. what else do they want to buy, frank? not what they want to buy, but they are going a little bit hollywood. 90% of cyber attacks are caused by human error and not sophisticated hacks. amazon is launching this psa with hollywood mega stars, michael b. jordan, tessa thompson on ways to prevent attacks and bring more understanding to multi-factor authentication i'm not just going to drop it. i'll explain it and that's when you require to enter a code you receive by email and text to gain access to a website or network. this is a light-hearted spin o data security, but the problem is very serious. according to the fbi, losses of cyber attacks have been 383% over the past five years amazon's chief security officer is the goal to help consumers feel just more comfortable with the transition to the cloud. >> the customers feel better about their security when they've got full visibility into what they're doing which is one of the core 10es of tenets of o in the cloud and it sure does. >> analysts say this isn't about what amazon

welcome to the "halftime report," i'm frank holland in for scott wapner key inflation lighter than expectedt does it mean for the fed's next rate hike we'll discuss that and much with karen fire stone, jason snipe and on set, jim leeben that will, joe terranova. first, let's begin with a check on the rally at this hour. stocpi

reporting next week salesforce, zoom, nvidia, workday, very busy have a great weekend let's get to frank holland"the half. >> welcome to "the halftime report." nasdaq and tech a sell-off this hour as fears resurface. the main cap names have been the real driver of the rally this summer does this group have enough to keep fueling this market two key sectors in this market making a quiet but major comeback we'll tell you all about it. now our investment committee on this friday. happy committee to all of you. first, we'll begin with what is ex

joining me now, cnbc reporter frank holland and nbc news correspondent cal perry at the glendale galleria. >> in california. frank, lay out the numbers for us. what's the reaction? >> one month of better-than-expected inflation data is too soon to establish a trend. this cpi consumer price index has many on wall street hoping we reached people inflation a month ago. the good news, prices remain the same month over month. the bad news is they are 8.5% higher year over year. as a leading wall street voice told me, less bad is good. it might seem oversimplistic. investigators agree. the dow opened up 500 points heighter and held close to that tlechl throughout the day. nasdaq up 2.5% benefiting from lower bond yields that fell significantly after the cpi helping gross stocks in that index. google and microsoft both up more than 2%. cpi measures urban consumer spending while pce measures all u.s. households. for what we saw for people living in cities is a mixed bag. groceries are 13% higher year over year, 1% higher than just a month ago. overall energy, 19% higher. that includes electricity

i'm frank holland. welcome to "the halftime report." i'm in for scott wapner. stocks pushing higher again. the nasdaq up 20% from its june lows the s&p up 15% from its lows, even the small caps are posting big gains. the question today, is the rally for real or is it one big head fake we'll debate that and much more along with your next money move. shannon sacoccia, degas wright, josh brown stocks are higher after more data eases those fears about inflation. the dow up 150 points, off of its highs of the day the s&p up about a third of a percent. the nasdaq hovering around the flat line, just down fractionally lower the 10 h-year note at 2.87 three months ago it was 3.5. the yield again 2.87 josh, i'll kick it off with you. is this rally for real it seems like we're in the middle point right now are we in a holding pattern? the nasdaq 22% off of its june lows but 20% from its 52-week high the s&p 500 is 12% from its 52-week. where do you see the market at now? >> so i think actually the more interesting question would be to ask is the bear market for real. beca

i'm frank holland in for the judge, scott wapner. the s&p and nasdaq on track for a fourth week of gains their longest weekly win streak in nine months are investors getting more comfortable with the idea of peak inflation plus apple less than 7% from 52-week highs and tech seeing its biggest inflows in months. what's next for this trade we'll debate that and much, much more with our investment committee. today we have bryn talkington, joe terranova and jim lebenthal. the dow, the s&p and the nasdaq all in the green the dow up more than 200 points right now. the s&p up almost 1% the nasdaq showing some leadership, up over a percent. the russell 2000 doing even better than that the 10-year yield at 2.864 right now we're starting the day with a lot of questions and a lot of things to talk about. cpi and ppi, both of them a lot better than expected perhaps bolstering that argument that we have reached peak inflation. we're going to talk about that a lot this hour. big cap tech showing renewed leadership apple 7% from a new 52-week high

reporting next week salesforce, zoom, nvidia, workday, very busy have a great weekend let's get to frank holland and "the half. >> welcome to "the halftime report." nasdaq and tech a sell-off this hour as fears resurface. the main cap names have been the real driver of the rally this summer does this group have enough to keep fueling this market two key sectors in this market making a quiet but major comeback we'll tell you all about it. now our investment committee on this friday. happy committee to all of you. first, we'll begin with what is expected to be a spirited conversation but let's get a check on the markets now we are in the red across the board the s&p on pace to end its win streak the nasdaq on pace for the first weekly drop in five. you can see now down almost 2% one of the things weighing on the nasdaq the rise in the ten-year getting close to 3%, that yield 2.983% that is right here we'll begin the conversation we have to talk about the rate pressure in the markets right now. so many fed officials making comments today we'll run through them quickly they include st. louis preside

welcome to the "halftime report," i'm frank holland in for scott wapner key inflation lighter than expected what does it mean for the fed's next rate hike we'll discuss that and much with karen fire stone, jason snipe and on set, jim leeben that will, joe terranova. first, let's begin with a check on the rally at this hour. stocks jumping on the back of a better than expected cpi number. the dow right now up about 500 points the s&p up about 2%. the nasdaq showing a lot of leadership here, moving more than 2.5% higher meta up 5% the ten-year yield rising in the cpi report, up 3.65%, the two-year yield hitting its lowest level since august 5th. joe, i was watching you on "closing bell overtime" talking about inflation and the cpi read did it come out the way you expected obviously, it came below analyst expectations what does that mean for the markets? right now we're seeing a rally, but do you expect to see that throughout the rest of the day >> i said that on "overtime" with mike santoli that it was important to watch the pressurery market. the treasury market has been the leading indicato

i'm frank holland in for the judge, scott wapner.tock taking a bit of a breather as investors look for guidance from the fed about rate hikes ahead. we will get more clues in a couple of hours from now big question from today, can the recent rally keep going. we will debate and the next move for your money joe tear noarranova. we are waiting for the latest fed notes to be released in two hours. you so a lot of red across the board. the s&p 500 having the biggest drop in three weeks, the dow down 280 points, the nasdaq more than a percent and a half, hardest hit. the ten-year yield hitting the highest level since august 12th, right now at 2.911 you have to remember just on august 1st we are an intraday lou of 2.51, a big change right there. we will begin with you, jenny, if you don't mind. what do you think about everything we are seeing is this a signal the rally might be over or is there more room to come and it is a breather as we said at the top of the show? >> i suspect the rally is taking a pause. here is where i am i started th

our own frank holland has the story and boris schlossberg joins us with the trade. he's managing director of fx strategy at bk asset management and a cnbc contributor frank, what are we looking at? >> well, jon, you know, palo alto networks has had a bit of a choppy august since a big upgrade from wolf research on august the 1st and another upgrade along the way, but generally the sentiment for this stock is very positive all buys are overweights from analysts no sells at all. and in general, the street's expecting some big increases when it comes to both revenue and profit the metric the analysts will be closely watching is next generation security aar, this is the growth of decline in customer spend in these newer products including palo alto networks' next generation firewall guidance will also be key according to wells fargo as management really tries to balance the uncertain macro environment with the growing momentum for cybersecurity as workloads move to the cloud. you mentioned the russia-ukraine war. also just that transition to the cloud. another tailwind f

that's mikesantoli you weren't on the floor last week >> i spoke with mike, we did with frank holland from the stock exchange i saw him then but i didn't get the 4:00. >> missed you at 4:00. oil slumping wlehi natural gas continues pushing to new high. how the committee is positioning there. we'll do it next well, we're made for people who do everything on their phone. like, everything so we exist...only on your phone. which means you sign up, get help, and pay, all right here. simple. so you get unlimited data and hotspot for $30/mo, taxes and fees included. so simple. want 5g ultra wideband and global calling? now we've got a plan with that, too. sometimes the better choice is just...visible. switch today at visible dot com. check out this time space wormhole i creat how's it work? let me see your togo, and i'll show you. "poof" burt, you have my lunch. introducing togo's new pastrami cheese ste loaded with our world famous pastrami, sauteed mushrooms, roasted red peppers, and smothered with melty american cheese. the new pastrami cheese steak. try steak or chicken, too. now at togo

let's get to frank holland he's got a hoolook at this morning's premarket movers >> by the way, did joey what happened 14 years ago on cnbc he's going to be a meme. retail tech, darling, affirm, shares down more than 12% right now. it reported a beggaigger than expected quarterly loss. it is falling back to pre-covid levels gap share surging this morning up right now, almost 7%. that's after a big beat on pos, citing a laundry list of issues, including inflation. gap also searching for a new ceo. ulta moving higher raising its full-yearguidance. we just talked about makeup. shares of ulta up. one more look at meme media, bed bath and beyond, after saying it will provide a checkeconomic up, it still does have elevated short interest amc, gamestop, all down double digits over the past week. >>> in the meantime, meta platform ceo mark zuckerberg speaking on the latest episode of the joe rogan experience. he says his company will debut a new headset this october it will have new features intended to help users feel an experience of what they call social presence. >> coming out in october, y

the street," i'm frank holland, stocks are mostly higher today, with energy and materials leading the particular, we're seeing strength in many of the commodity tied names, that include metal producers, such as miners, new port -- the fertilizer names a recent run, up 20% or more in the past month. there's more "squawk on the street" ahead. stay with us ♪♪ ♪♪ ♪♪ ♪♪ bubbles bubbles bubbles bubbles there are bubbles everywhere! as an expedia member you earn points on top of your airline miles. so you can go see even more of all the world's bubbles. finding the perfect developer isn't easy. but, at upwork, we found her. she's in prague between the ideal cup of coffee and a truly impressive synthesizer collection. and you can find her right now (lepsi?) on upwork.com (lepsi.) when the world is your workforce, finding the perfect project manager, designer, developer, or whomever you may need... tends to fall right into place. find top-rated talent who can start today on upwork.com [ "back to life" by soul ii soul ] what if you could change your surroundings with the touch of a finger? now

frank holland, thanks so much. appreciate it. >>> still ahead on "morning joe," the daughter of a key putin ally killed in a car explosion just outside of moscow. russia is blaming ukraine. we will dig into that and go live to ukraine for the latest, amid mounting tensions around a major nuclear power plant there, as well. >>> playing politicians with people's lives. we'll explore the move by republican governors in texas and arizona to bus thousands of migrants to the northeast, with a bill being paid by their own state's taxpayers. you're watching "morning joe." we'll be right back. finding the perfect project manager isn't easy. but, at upwork, we found him. he's in adelaide between his daily lunch delivery and an 8:15 call with san francisco. and you can find him, and millions of other talented pros, right now on upwork.com the unknown is not empty. it's a storm that crashes, and consumes, replacing thought with worry. but one thing can calm uncertainty. an answer. uncovered through exploration, teamwork, and i

. >> thanks, frank holland. >>> ubs gives us their topics in this space that's on the other side of theak. stay tuned this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! 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. - hiring is step one when it comes to our growth. we can't open a new shop or a new location without the right people in place. i couldn't keep up until i found ziprecruiter. ziprecruiter helps us get out there quickly and get us qualified candidates quickly. they sent us applicants that matched what i was looking for. i've hired for every role, entry-level technicians, service advisors, store managers. ziprecruiter helps me find all the right people, even the most difficult jobs to fill. - [announcer] ziprecruiter, rated the number one hiring site. try it for free at ziprecruiter.com >

become an agent of innovation with invesco qqq >>> good morning, i'm frank holland.fying before a grand jury in atlanta in the criminal investigation into possible 2020 election interference just days after being formed he is, quote, a target of the probe. the subpoena -- he falsely claimed there was widespread voter fraud at legislative hearings. >>> liz cheney of wyoming says she plans to be a part of a bipartisan coalition to ensure that president donald trump never holds office again >>> nasa as massive moon rocket ahead of the debut flight in less than two weeks. the capsule will fly for a couple weeks before heading down for a splashdown in the pacific. david, back over to you. >>> well, this morning citi reiterated the call for a 50% chance of a global recession, saying although its base case has the economy narrowly affording a recession, risks are skewed to the down side. minutes from the july fomc meeting will be released today, 2:00 p.m. is the time. steve liesman is in washington, and has more for us on what we can expect and what it may signal for the fe

. >>> let's get a news update from frank holland. >>> president biden will have a louse summit next monthhe september summit will include bipartisan panels and conversations on countering hate-fueled violence, preventing radicalization, and fostering ninth. >>> fda warnings that the flood-flavored gummies could cause nicotine poisoning orb death if eaten by young chill. they calmed the gummies a public health crisis waiting to happen among or nation's youth. >>> the costs of raising a child is running near a -- with two children, a married couple would spend on average more than $18,000 a year to raise their younger child in 2015, through the age of 17. that's the very latest back over to you. >> i feel like daycare alone for five years would get you to half that amount. we'll see. >>> while the fed may be united on raising rates, they're still divided over how high that story, after the break, as markets fall to close ute the woke the dow is down more than 200 points don't go away. the right relationship with a bank who understands your industry, as well as the local markets where you do

. >> let's get to frank holland wcolin. many of these are season reports. ter ended in june, frank. it ended in june they can't get this done in july what if this was like april 15th who are these people the august 20th they're doing this >> i assume you understand the fiscal calendar. some of these companies' quarters ended in july i'm assuming this is some type of schtick >> don't assume anything with me >> ah requaman >> you see the big dip right here after earnings really impacting the stock right here earnings for the courquarter. they had warned of a further drop in sales as games continued to drag, but it will be partially offset by its data center and auto businesses a trio of software earnings yesterday leading to moves today. let's start off with salesforce. falling about 6% this morning. second quarter results beat forecasts, but the company's third quarter and full-year estimates softer speaking of jim cramer last night, mark benioff said it's a result of deals taking longer to close. the software company beat revenue forecasts. snowflake says it

holland. that's coming up with you. ah frank assessments, how much support is there at street protests that we've seen in hotel across the rest of the country? the street has been, has been very good at tapping into the coke and found that people across the country informed opinions. we will say more of it. what is happening is that climate change it making them work in depth analysis of the days global headlines draw. he is credited by someone where they were storing italy's credibility this critics would say he couldn't play the part of a politician. what do you think went wrong inside story on al jazeera? it's time for a memorable holiday with pegasus. it's time for turkey. set sail for new discoveries. enjoy. have new experiences. hit the shops, make wonderful memories. travel to turkey with pegasus, and with direct flights to istanbul and tribes. oh, book your ticket now for a memorable holiday. c y p g. yes, for our best prices. ah ah, let's get on to the sport joe standing by nick, thank you. yes. 1000000000 cricket fans