hope your friday morning is getting off to a great start i'm frank holland. let's check on the u.s. stock futures in the green dow is looking like it would open up 150 points higher. s&p as nasdaq higher in the pre-market the nasdaq set to end the week positive this as investors digest comments from michelle bowman bowman's tone making her the third fed speaker this week offering a different view of the central bank policy path forward. one interest rate trader saying it is looking at a pause at the june meeting we look at the benchmark right now at 3.41. a lot of movement with the 2-year treasury. that is down 8 points for the week this is below 4% we have seen a lot of people going to the bond market for safety when that yield goes down >>> time for the check of the corporate stories with bertha coombs bertha, good morning >> good morning, frank the new york times and the wall street journal are reporting that nbc universal head of adver advertising is in talks to become the new ceo of twitter and linda yaccarino will bring advertisers back to the platform this is after elon musk

i'm frank holland. let's pick up the check on the u.s.o wait out the debt ceiling talks. s&p and dow jones industrial average lower. nasdaq higher. not a lot of movement there. we get a check on the top stories with silvana henao who is back with those silvana. >>> frank, wells fargo reached a deal to settle the class action lawsuit. according to reports, the bank is agreeing to pay $1 billion over misleading statements after the 2016 fake account scandal. the settlement must still be approved by a judge. >>> morgan stanley is weighing reduced head count in a overseas un unit it may slash 40 bankers in the asian investment bank. one report said the unit focused on china taking the biggest hit with the deteriorating relations. >>> and tesla is entering the final trial stages of production for a revamped version of the model 3 in china the updated version of the ev is longer and sportier than the earlier version and has a sleek erin terrier design. the report says that some production staff at the shanghai facility will require to put their

i'm frank holland. let's check off the hour with the stock futures. look ahead of the open the s&p and dow jones industrial average and nasdaq showing differences in how they are moving 2% difference with the dow jones industrial average and nasdaq. nasdaq up over 1.5%. dow jones industrial average down .25%. something we continue to watch the nvidia report having a factor on that we will have more on that pop in a moment we are checking the bond market with the 0-year. 3.5% elevated as we go to the x date we are seeing upside moves with the 2-year note. speaking of bonds, whipsaw action with the 1-month close to 6% it was over 6% earlier this month. more action on the 3-month we are talking about the yield there. we can't chart it for you, but other short-term u.s. t-bills set to expire in the next week yielding above 7%. we are looking at energy with wti with the down side action. wti is $73.50 brent crude is $77.50 a lot of movement in natural gas. it is back above $2. >>> let's get back to the pre-market pop with shares of nvidia at these levels,

i'm frank holland. a mixed session yesterday and this morning, the declines in the nasdaq in pre-market nasdaq down .50% we are seeing the dow jones industrial average opening up 100 points lower if it opened at this time. that is still early. the s&p is fractionally lower. the bond market is something we are watching as we await the inflation data look at the 10-year treasury at 3.49 we are looking at the 2-year treasury a bit below 4% yield there we have seen bond yields tick up the last week. we are looking at the energy markets. oil back above $70 a barrel wti crude is down 1% brent crude at $76.25. natural gas is down 1% speaking of crude, wells fargo lays out the case for what it calls a commodity super cycle. more on that later we are watching cryptocurrency bitcoin below $30,000. ethereum is still below 2,000. those are key points for the digital coins. also up this morning fractionally >>> time for the check on the action in asia and europe. julianna tatelbaum is standing by in our london newsr

i'm frank holland. >>> let's get a check on the u.s.tock futures on this final trading day in may right now we're seeing futures down across the board. the s&p, the dow, and the nasdaq down about a third of a percent, but it is early. however, it's been quite the month for nasdaq it's up more than 6.4% this month alone. right here you're seeing that upside swing for nvidia taking the market even higher this month. and now the nasdaq's on pace for a third straight winning month of the row, the index now just 1% away from a fresh all-time high we're also looking at the bond market there we're seeing some declines we start off with the benchmark tenure at 3.66 remember just yesterday it opened up at about 3.80. down almost 15 basis points. we're seeing the two-year yield note elevated to 4.4%, something to watch the short end also elevated as well >>> the energy, we're coming off the bit of a rough session, getting a mixed message about cuts, whether or not they're going to do it right now we're seeing the wti u.s. benchmark down a half a

i'm frank holland. let's kickoff the half hour with the stock futures. a muted picture. nasdaq higher. s&p and dow are lower. a mixed bag heading into the final day of trading before the long holiday weekend we check on the bond market. we begin with the 10-year treasury benchmark at 3.79. continues to be elevated closer to the x date. the 2-year treasury at 4.5%. yesterday, it was a few points lower. the yields are tick ing up higher we are looking at wti which is up this morning. $72 a barrel brent crude at $76.50. more movement with natural gas down .50%. time to check on the trade in europe with bercetcjoumanna bere who is standing by in the london newsroom >> good morning, frank the stoxx 600 is trying to bounce off the eight-we'ek lows. we see green on the board moving to the positive territory. for the week, the indices are deeply under water again gripped by the macro data as well as the debt ceiling discussions from the u.s. the ftse 100 as you see in the uk is up a couple of points. we see a bounce in the commodity space today. that is giving the index a bobo b

frank holland joins us on that frank? >> hey there, melissa. all four of the big transport names. only knight swift and norfolk southern in the green out of all four names the theory is we are at or very close to the bottom of the freight market we look at trucking rates. you can see his arguments. over the last three months we have seen a rebound when it comes to trucking rates. look at them right now, a big rebound when it comes to may, down only 21%. the other two previous months down 28%, 29%. you are seeing an upswing. but they still are down year over year. you have to remember, this is on some very tough comps. truck rates hit an all-time high in january of last year. and, you know, obviously they kind of had to decelerate from there. again, very tough comps. and to put this all in perspective, they're still higher than they remember in the beginning of 2020 when the pandemic was really feeling demand things aren't as bad as they look on paper. when it comes to rails, the theory is that, at least for christian weter by, right now it's a

i'm frank holland. happy friday hope your morning is getting off to a great start let's check on u.s. for futures. they are in the green across the board. the dow dipped in negative territory for the year the dow is up right now 100 points s&p and nasdaq up as well. this is after another rough session for stocks and one that saw the dow close lower for the fourth straight session and turn negative on the year we want to check the bond market we watch the bond market after the fed decision to raise rates. benchmark 2-year treasury at 3.18 below the 4% yield we saw days earlier. we are watching energy and oil market impacted by the increase in rates wti still below $70 a barrel up 1.5%. brent crude at $73.60. natural gas is moving to the down side. down almost 1% >>> we have to look at shares of apple. higher ahead of the open now after topping estimates for the fiscal second quarter thanks to stronger than expected iphone sales. apple authorizing the $90 billion share buyback program. we turn to arjun kh

i'm frank holland. let's pick up with a check on u.s.utures right now you're seeing they're in the red across the board. the s&p, the dow, and the nasdaq all fractionally lower we'll continue to watch. sometimes you'll see an upside during the hour. we're watching treasury with particular focus on the short end of the curve see the 2-month and 3-month above 5% even the 6-month the 1-year ticking closer since the fed decision. >>> turning back to the u.s. ahead of today's cpi read and the strink of corporate earnings, let's find some opportunity. i want to bring in the one and only josh brown. co-founder and cnbc contributor. i love your home studio. >> these are my pajamas, frank i don't know if you know that. >> where are you looking for opportunity? i know you're looking at big tech why are you looking at alphabet right now? >> well, alphabet is a stock i've been in for a long time and for fundamental reasons, but there is something technical going on, which i pointed out on the air yesterday. 108 has been resistance really dating back

i'm frank holland. let's kickoff with the futures this morning, you see we are green across the board higher right now almost flat. something positive indicators for the start of the market day. this as investors continue to digest the federal reserve tenth interest rate hike and comments from chairman jay powell hinting the tightening cycle could near an end we have a slight decline with yields on the 10-year treasury at 3.36. going down from yesterday. a bigger move when it comes to the 2-year treasury moving down more at 3.87 a few days ago, that yield was above 4% energy and oil with wti falling below $70 a barrel you see it down $69.30 the international brent crude at $73.30 natural gas is flat. >>> time to get to the top story along with the fed and that is the state of the u.s. banking sector this morning, california's pacwest is in talks with certainly partners over the bank exploring optioning. pacwest has not experienced any out of the ordinary deposit flows in the last week and cash reserves

i'm frank holland.hanks for waking up with us a very busy morning with two can't-miss interviews coming up in a few minutes first an interview with the world east largest pc maker, lenovo executives say there is light at the end of the tunnel. then at 5:30, a "worldwide exchange" exclusive with helen dixon, the dpc of ireland commission >>> the dow logged a third down day in a row and the nasdaq seeing the worst performance in a month. taking a look at the futures, we're seeing them mixed. it was fractionally lower. the dow jouns slightly in the re in the bond market, the yield sta staying. right now the 10-year benchmark at 3.69. the 2-year note still above 2.8% something we continue to watch there. we also watch energy, specifically oil oil ticking higher in the past 24 hours we're seeing wti crude, the u.s. benchmark at 74.25, almost up 2% brent crude just above 78 bucks. movement in natural gas up almost a percent we're also looking overseas right now. we're seeing red arrows across the board with n

i'm frank holland. let's check on the u.s. stock futures. look at the futures right now. flat across the board. we are seeing the s&p and dow and nasdaq muted as investors weigh the consequences of the latest meeting of the debt limit. we are checking the bond market. we are seeing movement 10-year treasury at 3.64 elevated during the month as we led up to the "x" date this climbed 20 basis points from the start of the month. something to watch as investors go to bonds for safety we are looking at energy and oil. the wti crude is $71.50. brent crude down fractionally. natural gas down 1.5% this morning. we are watching shares of meta >>> we have breaking news. regulators are fining the company $1.3 billion for illegally sending data from the eu to u.s. servers we will watch this story and look at the latest shares of meta down 1%. >>> time for the check of action in asia with julianna tatelbaum with more from london. >> frank, good morning let me zoom in on europe we are off to a muted start after the de decent week last wk ftse 100 with the best performance since april.

and frank holland when snowflake reports. mike santoli is with us first. dow was trying to make a run back. now it's going the other way it's going to hang on the debt ceiling, interest rates and fed speak. >> yeah, so over the last two weeks the lows for the day, the lows for the week have been about 4100 on the s&p. in the absence of the big drivers, the real money wants to push the market out of sideways trend. as the big nasdaq stocks have cooled off, it's created that shakedown effect we're watching the debt ceiling negotiations we know they're going to sound like they're not close until it's done. you take everything with a grain of salt. maybe the market has to panic to inject a sense of urgency. no individual wants to be the person who panics because it's going to be a temporary shakeout we're in that mode right now getting i mpatient but not feeling like anything has really changed. people are holding back, making significant bet. >> i want to chat nvidia with you. first i want to go to kristina partsinevelos who is waiting for that report, as kri

i'm frank holland. let's pick up the check on the u.s.es in the green in morning and the dow is moving up slightly. futures are 100 points higher. wearing seeing the s&p and nasdaq fractionally higher the tech trade continues to be front and center with the nasdaq which is the only index to notch a gain last week this morning, we are watching appl apple. the single company with the market cap larger than the russell 2000 index the second time it surpassed the russell since september 1st, 2020 we will have more about this later on and hone in on another company that is seeing an historic rally. >>> now to the bond market we start with the 10-year treasury 3.48%. the real news here and this is moving to the upside which is the 2-year treasury above the 4% yield. it is meaningful above 4%. we continue to watch the shorsh short end of the curve the 1-month t-bill yield was 4%. we are seeing it climb to 5.5.7. big move there we are watching the short bond curve. we want to look at oil wti is still above $70 a barrel. up .30%. brent crude is up

i'm frank holland. let's kick off three straight days of gains with the nasdaq at the highest close since 2022 futures are green. nasdaq up .20% s&p and dow up this hour the nasdaq is continuing to out perform. it is this line up here that you see up 3.2% for the week it is on pace for its fourth winning week in a row. if you think that is impressive, it is nothing compared to a pair of overseas markets. in europe, the dak ix is hittina fresh 52-week high the nikkei is closing higher >>> now for a check on u.s. bonds with the benchmark 10-year treasury 3.26 rising as we inch closer to a debt limit deal. we see the 2-year treasury also higher right now at 4.22 something we continue to watch here energy, especially the oil market with the u.s. benchmark wti crude. it is up .50%. brent crude is up .50% natural gas is down .50% >>> for a check of the corporate stories is silvana henao >> good morning, frank let's start with warren buffett. he made have told cnbc's becky quick he doesn't want to control occi

i'm frank holland. let's start with the check of the futures. investors return from the weekend and looking at futures and seeing moves to the upside here if the markets were to open now, the dow opening 75 points higher the nasdaq doing the best of all of them. we are checking the bond market on the back of the debt ceiling from washington. the 10-year treasury yield at 3 3.74 you have to remember the move to the upside this month. anxiety over the deal. big move to the upside 2-year treasury is continuing to rise after the deal has been reached. now at 4.53. at one point this month, it was below 4% we also get a check on the short end of the curve the one-month spiking at 5.804 at one point it was up at 6% we are seeing the two-month and three-month elevated right at 5.4. getting a check on oil the u.s. benchmark wti is down 2 points it is ticking up as we are talking. brent crude at $75.68. the biggest move is natural gas. down 3% this morning >>> time for the check on the action in asia and in europe our julianna tatelbaum is standing by in

i'm frank holland. it is actually may 17th, by the way.et's take a look at the futures we saw the dow fall more than 1% looking at the futures right now, we are seeing they're green across the board at this point the dow jones would open up about 90 points hi higher the s&p and nasdaq opening slightly higher, but we also say it's early this morning the benchmark 10-year at 3.54% the 2-year yield back above 4% at 4.10% this morning. we're keeping a close eye on the short end of the curve and the one-month yields hover around 1.5% as the debt ceiling negotiations continue. you've got to remember just one month ago it opened up at basically 4.25% a big rise here. a lot of the investors going to the short end of the bond market for safety we're also watching energy of course, oil, looking at wti, the u.s. benchmark, this morning, basically 70 bucks a barrel brent crude, the international benchmark, about 74.85 not a lot of movement in the gas market. >>> turning now to our top story and some cautious optimism following yesterday's second round

let's get to frank holland frank? >> reporter: hey there, scott. shares of s.a.p. outperforming the nasdaq after the company released updated guidance for fiscal year 2025 that guidance shows overall revenues, forecast at 37.5 billion. the prior guidance was 36 billion. cloud revenue guidance now 21.5 billion. it was previously 22 billion part of that is due to divestiture operating profit, the new forecast, 11.5 billion the same as the previous forecast of 11.5 billion showing free cash flow at 7.5 billion. previous guidance was 8 billion. as you can see the stock is still outperforming the nasdaq this week the companies made several announcements related to ai as part of the conversation you're having partnering with microsoft, google and ibm. and the s.a.p. ceo will be on "overtime" tonight i'll interview him along with morgan brennan not only about their guidance but ambition and partnerships with microsoft, google and ibm shares of s.a.p. almost a percent and a half higher after guidance for fiscal year 2025 at their annual conference. back over to you >> fran

i'm frank holland. let's kick off the hour with a check on stock futures after a sharp decline yesterday. looking at futures right now, they're strongly in the green across the board you can see the dow opening up 20 points higher today is very early. it's a huge day, all of this ahead of the federal interest rate decision out ahead at 2:00 p.m. and then the news conference to follow a tenth straight rate hike from the fed, one of the items on wall street's wall of worry along with the continued debt sector much more on all of that coming up later in the show with that in mind we're checking the bond market starting off with the benchmark 10-year note at about 3.30. the 2-year yield back below 4% we're also watching energy with wti coming off a very rough session yesterday, closing down more than 5% for its worst day since january 4th. wti crude is just at over 70 bucks, ten bucks lower than it was after opec announced production cuts. brent crude, the international benchmark, down 2% natural gas up fra

frank holland joins us. we have new data on these mortgage applications. what does it all mean?g home biders with interest rates weighing on the market. applications fell by nearly 4% week over week with the average 30-year mortgage at or above 7% in most of the country. as you would imagine, this is putting pressure on first time home buyers because of a lack of inventory on the market and logically with 82% of homeowners with a mortgage under 5%, there's little or no incentive to buy new houses with their spending power reduced by higher rates. estimates vary, but there's a shortfall around 2 million units in the u.s. the rates make it less profitable to build and harder for buyers to buy. >> frank, we got a look at the number of job openings right now. what does it look like? >> there was a report. job openings jumped over 10 million. the report we got, over 10 million. they forecasted just under 9.4 million. the job market is strong and tight. this may be counterintuitive. the fed would like to see a looser labor market with less upward pressure on wages. this report ahead o

frank holland as we will with palo alto which has been a nice stock along with the other cybernames.i beneficiaries. shares are up so far outperforming the nasdaq and the qqq so far this year so a big run up for this stock, and it's moving on par with alphabet another one of those ai beneficiaries. so one of the big things to watch here, even though palo alto networks is considered a legacy cybersecurity player, it's its next generation product, specifically its next generation arr, annualized recurring revenue, and this is a proxy for demand estimates have it increasing double each year that shows strong growth in an otherwise soft macro next gen includes palo alto's new releases and the products, we'll show you the names it may look like alphabet soup, and xsiam is an ai-powered offering rosenblatt out with a quote saying, these are clearly gaining share and sustain top-line growth. commentary on this, and adoption, that will come on the call something to watch. >> we will with you, frank thank you very much. going to be covering palo alto network. you called these defensive softwa

joining us now, anchor of cnbc's "worldwide exchange," frank holland. frank, good morning. what specifically is at issue here? there's obviously an entirely new world of streaming. there's artificial intelligence. >> correct. >> of course, the question of pay. what is the debate here? >> first and foremost, america is calling for the members to hit the picket line starting today, as you mentioned, after they failed to reach the contract. the writers argue they suffered financially, as streaming boomed in part due to shorter seasons, and also smaller residual payments. we have to keep in mind, the last writers strike happened 15 years ago. it was a different landscape with television, movies. there was no streaming platforms or anything out there. while we saw a disruption in entertainment options, it had a bigger impact to california's economy. it cost $2 billion. there's serious financial ramifications. in addition to ramifications for the different entertainment companies. >> president biden is promising continued action to keep america's banking system, quote, safe and s

i'm frank holland. let's check on the u.s. stock futures. looking at futures this morning. pretty much flat s&p actually unchanged dow jones industrial average is higher the nasdaq is lower. we want to check the bond market we begin with the 10-year treasury at 3.43 we see the 2-year treasury below 4% that yield is a story we continue to watch. a lot of investors turn to the bond market for safety we are watching energy action in the energy market this morning. we are seeing the u.s. benchmark wti above 7$70. a lot look to see this as recession fears are easing brent crude is about $76.50 and up 1.5%. the biggest move in natural gas up 2.25% we are watching crypto bitcoin and ethereum we are seeing bitcoin below $30,000. down 4% this morning ethereum is back below $2,000. down 4% this morning >>> let's check on the top corporate stories with bertha coombs bertha, good morning >> good morning, frank ahead of the june 1st deadline day and tomorrow's white house summit, 43 senate republicans led by mike lee say they oppose voting on a bill that raises the u.s. debt limit witho

. >>> welcome back i'm frank holland. li let's pick up with the check on the stock futures. 40 points higher right now very early slipping a bit from where it was a half hour ago. >>> let's turn attention to the developing story in japan and janet yellen offering a warning over the need for the white house and congress to reach a deal to wrraise the debt ceiling yellen making comments with the investors in japan and we have martin soong with the latest martin, good morning >> reporter: good morning, frank. you know, when the g7 process started with the japan presidency this year, it was supposed to lead to the conclusion of the summit in hiroshima with de-risking russia ironically, the conversation has changed and now people are talking about how to de-risk the u.s. we are talking about the debt ceiling crisis secretary yellen is here and she spoke earlier today. here is what she had to say on that front >> the notion of defaulting on our debt is something that would so badly undermine the u.s. and global economy that i think should be regarded by everyone as unthinkable >>

i'm frank holland. let's kick off the day with the check of the stock futures a mixed session yesterday. nasdaq closed at highest since august of 2020 this morning, the knacknasdaq u fractionally we have seen movement in the bond market. we see the yield on the 10-year treasury creep up over the month and over the last two days at 3.72 we see the same story with the 2-year treasury at 4.36. we will talk more about the inverted yield curve later in the show we are looking at energy specifically oil let's start with wti $71.80 brent crude is $75.75. down .30%. natural gas. this morning, it is down .50%. we are watching crypto this market trades around the clock. looking at bitcoin below $30,000 mark that is key. at $27,300 ethereum is up over 2% >>> for a check on the early trade in europe is arabile gumede who is standing by in the london newsroom. arabile. >> good morning, frank i haven't spoken to you in a while. i join you with the market going red today. across the board, most of the counters have hi

after the report yesterday it was an earnings beat, but there were some questions about orders frank hollandbeat. also a current quarter guidance raised in the soft macro environment all overshadowed by the trend of declining product orders that fell more than 20% for back-to-back quarters. analysts highlighting this as an issue of concern the company highlighting a surge in orders in the previous fiscal year including 34% growth in q1. i spoke with the cfo who emphasized cisco is retaining pricing power with two increases last year but says drove market expansion. a metric becoming more important in the so-called year of efficiency on "mad money" last night the ceo pointed to a.i. as a growth driver. >> for the a.i. infrastructure, i believe we're better positioned than anybody else to become the networking infrastructure for these large a.i. networks which are going to be massive over the next five to six years. we're excited about that, in addition to cyber security and hybrid work and multicloud. >> cisco modest revenue growth next fiscal year with eps outpacing that credit suisse put ou

. >> good to talk to you, marci frank holland is watching this hp and hpe and box, frank. >> yeah, you universe hp inc., hp q, and enterprises, and we have the storage players and just box as you can see on the chart, let's start with hpq it was $3.20 to $3.60 a share. we saw a steep decline in pc shipments and they upgraded forecasting a 21% increase over the second half of the year wen it comes to pc shipments the largest maker told us he expects a big second-half rebound whit en it comes to pc shipments. let's talk about hpe morgan stanley upgraded that today as a beneficiary of the macro trend of return to work. computes where it gets about 45% of revenue and the performance here was going to answer a lot of questions about i.t. spending outside of ai. hpe has a segment focused on ai and high-performance computing investors looking for any news about deals demand there and box, will ai disrupt this business and billing for box just giving a sense of demand and not the whole story. that number is rising 5% year of year a lot of questions about the future of storage with ai and the w

i'm frank holland. let's chkick off the fumorning f the futures. jpmorgan chase taking over first republic we will continue to watch futures. the bond market this morning the 10-year treasury at 3.46 the 2-year treasury still above 4% something to watch as we continue to watch the market action today >>> let's get back to the top story and breaking news. california regulators seizing first republic bank in what is the third u.s. bank to fail in the past two months. the second largest ever to fail in the united states the fdic says jpmorgan chase will assume all deposits in a statement, jpmorgan chase's ceo jamie dimon saying our government invited us to step up we did our strength and business model allowed us to develop a bid to execute the transaction to minimize the cost to the deposit insurance found. key elements are the acquisition of firstrepublic assets which include approximately $173 billion of loans and $30 billion of securities. the assumption of $92 billion of deposits that includes 30 billion of largeback bank deposits jpmorgan chase

i'm frank holland. let's kickoff the hour with the stock futures after a modestly lower session for wall street yesterday. you see this morning is muted. s&p and dow is lower nasdaq is higher we are also checking the bond market we want to look at the yields in the bond market. look at the 10-year treasury that is moving higher than yesterday. the 2-year treasury is moving higher we are keeping in mind the yield above 4% that is something to continue to watch. s als-- also the inverted yield curve. this morning, we are paying attention to the short end of the curve. take a look here the one-month moving higher. the two-month moving 26 basis points higher. something we continue to watch the shortened of the curve more on that in a moment >>> we are watching the energy markets, specifically oil. below $80 a barrel flat this morning at wti brent crude is below $80. natural gas is moving hi highehigh higher .76%. >>> time for a check on the markets in europe with joumanna bercetche who is tracking the actio

we'll tell you what you need to be looking for you'll get the investor perspective, as well frank hollandahead of that earnings report. alicia lavigne will join us, too. i hope you will in just a couple hours from now all right, weiss, start us off "final trades. >> united health i like it for all the reasons. it's defensive in this market. another reason i like the stock. so i think it's oversold at this point. i will go back over 500. >> i'm going ing back to uber this is the stock we want to own. >> you own it as well, joe >> i do. i would like to see a little more positive momentum so the growth funds buy it. >> joey? >> eqt i bought it a while back i think it's beginning to break out a little >> okay. carrie >> amazon. if we don't have a recession, very good for consumer spending. >> dow is down $250. we're watching the talks on the debt ceiling you heard the speaker before we got on air doesn't sound like they're close. political posturing, probably. spin from both sides, probably we'll see if they can come to a deal before that june 1st deadline i'll see you on "closing bell. "the

kristina partsinevelos >>> meantime snowflake sliding on weaker than expected q2 guidance frank hollandere is a story of a.i. and everyone else. >> yeah. absolutely the reduction in full-year guidance weighing on the stock for its worse day in a year and growing questions about its model in the current environment. snowflake pulling guidance back from 40% year over year revenue growth to mid-30s. look deeper in the report there's been a very big slowdown in remaining performance obligation or rpo. this is a metric that provides insight into the company's pipeline on "mad money" last night the ceo saying there's been one big change when it comes to i.t. spending. >> in the marketplace is really quite strenuous. one of the things that's going on and we've seen it progressively increase really since q4, is that the cfo is in the business now then it goes one step further, they start telling the business how much they can spend. >> so despite concerns about the consumption model and guidance cut analysts remain confident. they remain bullish from the a.i. possibilities from the start-up neb

visit indeed.com/hire >>> shares of palantir surging up more than 20% ai part of the story there frank hollandorter: not only are the shares surging, palantir up today as investors really look to get into the ai trade emphasizing the company's competitive advantage when it comes to ai and decided demand for enterprises, specifically in insurance, manufacturing and supply chain companies saying they were really looking to improve margins, so looking back at the quarter overall commercial revenue up 15%. u.s. commercial revenue jumping 26%. the ceo saying palantir is seeing surging demand across the board. he gave some very interesting color on just how intense the battle for an ai advantage really is. >> if you wield these technologies safely and securely, extract the value in the context of your own enterprise, you have a weapon that will allow to you win that will scare your >> palantir known for its work with the government. i spoke with karp about the regulatory impact on palantir's business, focused on a path forward with both human and government oversight analysts say that could be impor

joining us now with more is cnbc's frank holland. good to see you.t are investors making of these mixed messages? >> right now you're seeing the markets ticking slightly higher. i think the wall street community is very similar to janet yellen, cautiously optimistic that a deal will get done. over the weekend, janet yellen balancing a very stern warning of the impact of a u.s. debt default and still remaining hopeful as you mentioned. the treasury secretary has repeatedly urged congress to raise the $31.4 trillion cap on federal borrowing. on tuesday president biden, house speaker mccarthy will meet face-to-face along with congressional leaders. that meeting postponed from last week with many experts telling us that's a hopeful sign that their staffs are making progress behind the scenes on a deal that will satisfy the needs of the country and the political demands of both parties. over the weekend, a rare consensus in d.c. everyone now agrees that so-called x date is june 1st at the earliest, and more likely a few more weeks away. that puts the u.s.

let's bring in frank holland. frank, let's go down the breaking news alerts here. u.s." talks about the economy showing signing of cooling. it looks like actually the fed's -- all the hikes actually may be starting to take an effect. how does wall street respond to that? >> reporter: wall street is responding positively. all three of the major indices has things trending positively. let's get down to it. we at cnbc have you on the monitor right now. they're waving at you. >> we're waving back. >> reporter: just a tick lower than the 5% forecast from economists around the country. an important part here, treasury yields they fell, around 5 to 7 basis points. that may sound small, but it's a considerable decline. a basis point is one hundred of a percent. investors are growing concerned about higher rates slowing down the economy and causing more issues in the banking sector. we're seeing investors breathing a sigh of relief. rates could go even higher from inflation doesn't ease. the odds of fed pausing now at 88%. yesterday it was 78%. increasing odds of no more hikes.

frank holland on the heels of a new sitdown with the ceo of slack. frank?mojo back at their second biggest annual event and today is the launch of slack chatgpt slack one of the biggest players in collaborative platform enterprising market, a $20 billion market throughout the globe. when you look at slack chatgpt, they say the ai is layered in there. i sat down for an exclusive sitdown with new ceo of slack who took over after slack co-founder stewart butterfield left the company i asked her, is slack chatgpt ready for enterprise use or does it have some of the issues we've seen with chatgpt? >> slackgpt is leaning on customer data from crm and slack's context to help the technology use business guardrails for us to not get beyond context that doesn't make sense. and the other big thing for us, frank, is that salesforce has an ethical and humane office to help us develop products that will be trusted. >> reporter: so, slack is used by a weighed range of big enterprises including verizon, ford, and ibm. ibm announcing it's pausing hiring for thousands of job

i'm watching frank holland i'm thinking, do they know anything at all?e from any of the early morning trading because it tends to be people who, i think, haven't gone to sleep yet and may be drinking my wife's mezcal >> we haven't done a touch on the fed quite yet. what is the trade going into this decision here, jim? >> people want tspect that he does pause. he has another meeting in june where he could easily say, we don't have enough time by june to make a determinant about what happened with first republic that's what i would do if i were jay powell i would say that, which is different than, we're going to take a pause we need to look at what we've done to the economy. and then, we wouldn't have an explosion, but it would be pretty good. >> yeah. we'll keep an eye on that in the wake of elon musk's tweets about the -- what he thinks might be already a recession that we're in >> elon is erratic again, which is fine. he has every right to. starship trooper didn't work you know >>> meantime, dow is up 65 let's get back to david at milken with a special

the answer -- the atari jaguar >>> let's get to frank holland with a look at the premarket movers whattt packard and hp inc a beat on eps and a guidance raise. important to note, ai focused segment beat expectations. i boat with the ceo. he expects demand for scaleable ai to be a big tailwind in coming quarters. hp inc, shares down more than 5% also a revenue miss. pc sales were below estimates. i spoke with the ceo who expects a second half sales boost and he adds that hp is working with other tech companies to create ai enabled pcs, something he believes will be a refresh of the industry >>> you were talking oil earlier. chevron shares, down about 1.5% after jpmorgan upgrade ahead of its shareholder meeting, as wti falls below $70 a barrel today opec plus could support crude prices in a downturn the valuation is attractive at 11 times forward earnings. shares are down 1.5% and we have another stock reversing course this morning. c 3.ai down 5% it was up big yesterday after that announcement that c3 generative ai is available on the web services marketplace it will allow organizations

to frank holland now, a look at the premarket movers >> we're following earnings movers, airbnb, sharesou in a second, they're sliding on weak outlook, you see down almost 14% the company also flagging a slowdown in its bookings for nights and experiences segment the company saying it had a strong start to the year, looking forward to another strong summer travel season, but warning against second quarter year over year comparisons as they overlap pent up demand following the pandemic you will talk a lot more about this, airbnb ceo brian chesky coming up -- not you guys, "squawk on the street" to discuss the quarter and the hospitality outlook. moving on, affirm also following the premarket despite a beat on revenue, and guidance that was above estimates. you see it is down this morning, almost 7%. and investors appear to be concerned about the business model, the buy now, pay later company, in the face of we weakening economic conditions, higher rates and elevated inflation. also looking at the video game segment, electronic arts now, you can see it is higher after a beat on revenue, a

wants to know more, go to the internet, in the same way in holland there were a lot of people who surrendered, listen, we celebrate anne franknne frank's diaries in amsterdam but someone, as they say in zeke jargon we were knocking on it, someone knew that the jews were hiding there and were hiding there for a long time and finally, finally, a bad word. excuse me, please, this someone or those someones indicated not directly to the ss7 or simply to the fascists or simply to the germans or simply to someone who is hiding jews and their whole family was captured and sent to death in a concentration camp , there was also a huge number of such cases in france, this is a separate page where how they perceived everything that was carried out by the german fascists, the german nazis, so there is something to talk about here and it takes a long time to figure it out and many people are ashamed and i still remember i was still a student and then they were looking for klaus barbier they found somewhere he was hiding as usual in latin america he moved he was transported to france they started a trial maybe his name is klaus german, but