i'm frank holland in for the judge.as we kick off what appears to be a very critical week for your money. we have more key tech earnings coming our way plus a jobs report on friday. our investment committee is standing by to break down what's at stake in the coming days and joining us for the hour joe terranova and steve wise. first a quick check on the market as mike and melissa just mentioned fluff flat right now. the

i'm frank holland. we kickoff with breaking news from europe. we go to tatianajulianna tatelb the london newsroom. >> frank, good to see you. fresh numbers from eurozone with the gdp. the first estimate flash q2 has come in stronger than expected 0.3% q on q growth over expectation of 0.2% growth the year on year surpassed to 0.6% against the expectations of 0.5% why is this notable? of late, industrial growth was weaker than the data stateside there was momentum building in the manufacturing sector that the economy is struggling. the gdp figures are better than expected and it will come as a surprise to investors. the caveat is the pmi which continues to show weakness in the eurozone the overall take away here is growth in the second quarter in the eurozone is better than expected and in positive territory. we got eurozone equities this morning trading mixed. off to a muted start after the jam packed earnings. the stateside data releases coming in focus. the key here is the eurozone has pulled out of the dip with higher growth than expected. wil

i'm frank holland. thank you for starting your day with us. let's kickoff with the check of the stock futures. pre-market stock futures in the green across the board nasdaq doing the best so far in the pre-market stocks are coming off a mixed session. nasdaq post the biggest one-day drop in four months p on the back of weak results from tesla and netflix. sharing 60 points off the index by the close with the biggest one-day drop since january reversal in the pre-market tesla shares up 1.5% different story for the dow insulated by big tech coming off .50% gain for the ninth positive session in the row and longest win streak since 2017. >>> turning attention to washington breaking news from the white house. we have eamon javers with more on the story good morning >> reporter: good morning, frank. the white house says president biden will be convening seven a.i. companies at the white house today. those include big names like amazon, google, meta, microsoft and open a.i. to announce the administration has secured voluntary commitments from the co

i'm frank holland. thank you for starting the day with us. the mixed picture with the s&p down fractionally. dow jones industrial average up fraction fractionally the nasdaq is up slightly on the results of tesla and netflix all three indices marching higher the dow and s&p and nasdaq are all trading at highest levels since april of last year the bond market with the yields. we start with the 10-year treasury 3.78 10-basis point range with the softer cpi report. a similar story with the long end of the curve with the 30-year. range bound. the movement in the 2-year treasury since the cpi report, it has risen 20 basis points. we are looking at energy oil to look to keep the three-week win streak alive. wti up at $75.40 a barrel. brent crude up .50%. $79.79 natural gas up 2%. the commodities this morning with wheat prices. wheat prices up this morning after the russian strike on the ukrainian grain port after the exit of the deal to allow the grains export of we will have more coming up in the show. >>> we have a busy morning for earnings and s

i'm frank holland. let's kickoff the hour with the stock futures. the dow riding a six-session win streak investors are waiting for the bank results for the opening bell morgan stanley and bank of america. charles schwab as well up over 2% morgan stanley up 1.5% this year 14.5% from the 52-week high that it hit in february bank of america is down 11% this year a lot to watch when it comes to bank earnings. we are checking the bond market. we start with the 10-year. the yields are dlingecline from yesterday. we are seeing the short end of the curve elevated that is something everybody is watching we are seeing oil tick to the upside as crude levels in the u.s. and supplies appear to be tightening wti crude at $74.35. brent crude up fractionally. >>> time for the check on the corporate stories with silvana henao. >> frank, good morning microsoft is reportedly in talks about extending the deadline for activision-blizzard which is set to expire today. the extension would not kill the deal, but open the window for either party to walk away. in seeking an

i'm frank holland. let's check off the check of the u.s. futures with the major averages with three days of gains and s&p set to open highest since 2022 nasdaq hitting the 52-week high yesterday. futures here are green across the board. nasdaq doing the best with the hot streak up over .50%. we are looking at the bond p ma - bond market. the 10-year treasury is 3.82 we see big downside moves on the 2-year treasury as well. falling below the 5% mark. we are watching the energy market oil is coming off the highest since april. the iaea out with the estimates this year with a reduction of 220,000 barrels a day. checking prices here we are seeing oil in the green wti crude is almost at $76 a barrel brent crude above $80 a barrel not much moving in natural gas stocks around the world here with arabile gumede in the london newsroom. arabile, hard to not see all of the green. >> if there is one thing we are looking at is all of the green it follows on the positivity from the market after the cpi news which was cooler than anticipated. that is the

i'm frank holland. thank you for starting your monday with us let's kick it off with the check of the futures the dow with the best week since march. dow is the best performer this morning. the only one with of the indices up in the pre-market up .30%. the s&p and nasdaq up in pre-market excuse me. reversal from a minute ago the nasdaq is the best in the pre-market dow down 62. s&p down fractionally. we have seen a lot of movement in the bond market with the cooler cpi read. 10-year treasury at 3.79%. 2-year treasury at 4.73% in energy, oil under pressure in the early going so far this morning. wti and brent crude down 1%. wti is a tick above $74. brent crude at 78$78.50 upside with natural gas up 1%. the oil weakness is tied to data from china overnight beijing said the second largest economy slowed in the second quarter to 0.1% compared to 0.2% from january to march. the bureau of stats shows the unemployment is 21.3%. hong kong is closed for a holiday. the rest of asia is red across the board. shangh

aisle frank holland. thanks for starting your day with us. let's kick off the day with the u.s. stock futures we're seeing green across the board at this very early hour. all three indices up fractionally, this as investors wait for the june cpi number with the annualized number to fall from 5.3% to just over 3% that would be, if we see that happen -- the lowest since march of 2021. stripping out food and energy, the core cpi, the economist forecast arrives, this would be the lowest number sin november of 2021. it could be a market mover we're checking the bond market we begin with the benchmark 10-year. right now we're at 3.94. this sbaskly back to where we started rising above 4%. we're seeing movement on the 2-year and it's settled back down the third year, we've seen steady movement, up ten basis points since the beginning of the month. we're seeing oil move to the upside we're seeing wti up almost half a percent. brent crude inching toward 80 bucks a barrel up almost half a percent. big move to the downside down just about 1% let's get a check on some of this morning's top

i'm frank holland. thank you for starting your day with us. let's check on stock futures after the positive day from wall street with the averages snapping three-session losing streaks. the session here with the movement the nasdaq was in the red and now higher seeing movement now on the pre-market we are seeing movement when it comes to shares of apple, amazon, microsoft, tesla and alphabet after nasdaq would rebalance the index to address the overconcentration with changes taking effect before the open on july 24th. the downside moves for the big names. pressure from the rebalancing we are checking the bonds. we are seeing the 30-year at 4.005% probably important to note the 10-year is continuing to creep back up to 4% yield. something investors are watching with increased cost of capital we are looking at energy oil off the highest settle in a month. looking at the oil market. wti crude at $73 up .25%. brent crude at $77.80. the market trying to figure out the opec cuts and a slower than expected recovery in china >>> time for the check of

over to post 9 "the half" and frank holland. >>> and welcome to "the halftime report." i am frank holland in for the judge scott wapner front and center this hour the game plan for your money as we kick off the first full trading day of the second half of the year we'll debate with the investment committee. full desk here joe terranova, jenny harrington, steve weiss and jim lebenthal. but, first, a check on the markets right now. you'll see red across the board right now. all three indices down fractionally the dow, however, the hardest hit. looking at the ten year, that's where we're seeing movement. the yield there jumping almost 20 basis points in just the past week of course we are waiting for the fed minutes coming up at 2:00 p.m. eastern and right now as we begin this conversation two things i want to point out, first off the russell, the small caps, the hardest hit down almost a percent off its lows the vix reaching its highs for this session up more than 3% joe, you're right here what do you make of this on the first full trading day of the year to see volatilit

over to frank holland for "the half." >>> david, thank you very much welcome to "the halftime report." i am frank holland in for the judge scott wapner it is the busiest day of the earnings season, and we're tracking major moves as the dow tries for an astonishing 14th straight day of gains. melissa just said it, the longest since all the way back in 1897. our investment committee to break down the monumental move and where this rally could be headed for here. we have kari firestone, josh brown, jim lebenthal and rob sechan first, a check on the market at noon eastern off the highs of the day, the nasdaq still the leader up just 1% the s&p up under half a percent. and the dow holding on into positive territory up fractionally again on pace for a 14th straight day of gains the longest run since 1897 much more on the dow's big runup coming up. our "chart of the day. talking, what else, meta soaring on earnings. the company beat estimates across the board while offering up strong guidance rob, i'm coming over to you. you're long on meta. twhafls your take on this quarter? >> i think real

i'm frank holland. thank you for being with us.g a look at the futures, they're red across the board the fed falling by 25 points, the nasdaq falling down, more than half a percent. new data from bank of america out moments ago. they saw their weekly inflow since october, just about $5.5 billion. you have to remember, october, those are the lows we've seen the markets bounce off from. we look at the bond market we start with the benchmark 10-year. this has risen about ten basis points the yield here from just about a week ago, we're also seeing the two-year note off of the highs, a few basis points we also want to look at oil. we've been talking about internal and oil we have dan murphy at opec headquarters wti crude moving hire than it was. brent crude down half a percent. slightly off of its lows natural gas seeing the biggest moves up half a percent. time for our top corporate stories, our silvana henao is back with those. >> a federal judge is restricting agencies and officials from the biden administration from having contact

i'm frank holland. let's pick up a check.he dow riding a seven-day win streak, the longest since 2021 take a look at the futures the s&p and dow fractionally higher when we're talking about this rally on the markets, it's not just the dow the nasdaq riding a win streak of its own up six days in a row. the index is up more than 37% year to date you're seeing that big upswing right here in the premarket -- excuse me -- yesterday finishing up three-quarters of a percent microsoft coming off a 4% gain yesterday on news it will monetize its a.i. offerings that added 80 points to tin dex alone. time for this morning's top morning stories. silvana henao is here with those. >>> the strike at canada's west coast post is back on as dockworkers head back to the picket line. the workers yesterday rejecting a tentative four-year wage deal struck with their employers last week the union says workers rejected the agreement because they felt that the terms of the deal would not protect their jobs. >>> at&t saying it does not plan to immediat

i'm contessa brewer in for frank holland. let's check on the stock futures with the s&p coming off the best day since june we are looking flat on the s&p up 3 points. dow down 20. nasdaq implied opening up 42 checking the bond market now with the 10-year treasury near the highest point since early march. you can see the 2-year treasury is up almost 4.94% the 10-year treasury at 3.84 in energy, oil is down 12% this year two straight negative quarters wti is up .8%. brent is up the same nat gas down 2%. >>> let's check on the corporate stories with silvana henao >> contessa, good morning. treasury secretary janet yellen will travel to china the trip is intended to deepen and increase the frequency of communication and stabilize the relationship and avoid miscommunications and expand collaboration where we are >>> tesla delivered a record number of vehicles in the second quarter. topping the most expectations and demonstrating the value of the recent price cuts. the company says it delivered 466,000 cars between april and june t

i'm frank holland. thank you for starting your day with us. let's kick off with the dow riding a 10-day win streak that's the longest since 2017. taking a look at futures in the green across the board the dow would open up 50 points higher as we always say, this is early. this is a busy week for wall street 40% of the dow, 30% of the s&p 500 set to report. we're talking names like boeing, meta and microsoft we get a trifecta of central bank decisions with the fed kicking off things wednesday before the ecb and bank of japan. they make their own decisions on rates. one week away from what could be the costliest labor strike in at least 100 years with ups and the teamster negotiators heading back to the bargaining table tomorrow much more on that. >>> the bond market, as always we begin with the benchmark 10-year. it's been range bound. 3.75 to 3.85 talking yield the inverted yield curve, we continue to watch that we're looking at the energy market a lot of move there. we're seeing a bit of a pull back when it comes to wti. up 6 bucks a barrel i

i'm frank holland. let's kickoff with the check of the u.s. stock futures looking at the markets here with the mixed picture. s&p is flat. dow jones industrial average is lower. this comes as a rally trying for five straight days of gains. s&p and nasdaq at the highest level since april of 2022 and the best gains of the month. the upside here during the week with the dow up 2% s&p up 2.5%. nasdaq up 3.5% we are taking a look at the bond markets. yields are declining after the cpi report 3.79% oil is rallying. oil near the highest level since april. this morning, however, down frac fractionally wti at $76.50. brent crude down .50%. >>> time for a check on the top corporate stories with pippa stevens. >> we start with breaking news considering the deadline for the appeal for microsoft's $69 billion bid for acti activision-blizzard. the revised bid now ends on august 29th. they are trying every legal move in the book to keep the case against the microsoft deal alive. coming up short everily every step of the way. last night, a federal judge in ca

frank holland in for the judge >>> i am frank holland in for the judge scott wapner front and center, stocks climbing on that cooler than expected cpi report. stocks are rallying on the back of that data with the s&p 500 and the nasdaq both hitting 52-week highs. we'll debate the road ahead for the markets and what today's inflation read could mean with the investment committee joining me jim lebenthal, liz young, joe terranova and rob sechan first, a check of the markets very quickly the nasdaq and s&p hitting 52-week highs. the s&p up over half a percent the big story here the yield on the ten year and all treasuries, 3.85 a big move to the down side when it comes to yields we should start this conversation and move to the down side of yields. how does it make you feel in the second half of a rally >> it makes you feel good. this is part of my thesis, inflation has been coming down faster than expectations and the fed's work is done they are likely to go in july another 25 basis points. the fed person -- excuse me, nick timerose is the one the fed speaks to if they want to change co

welcome back i'm frank holland. thank you for tuning in to "worldwide exchange. ready to start your day first we're going to check on u.s. stock futures you see red across the board the s&p flat the dow jones and nasdaq down fractionally, something we're continuing watch we're looking at the bond market ahead of the fed meeting and decision later today take a look at the benchmark 10-year pretty much what it was yesterday. we'll talk more about the bond market later on in the show. the fed decision due out at 2:00 p.m. eastern today followed by jay powell's news conference at 2:30 p.m the markets are all but sure they're going to raise the lending rate to highest level in 22 years one month after hitting pause, now showing a 99% chance of an 11th rate increase since the campaign began last year joining me now is william lee. chi economist at the milken institute. bill. >> good morning, frank. >> it's telegraphed rate hike today and also another one later this year. do you believe as we've seen in previous decisions that a hawkish tone from jay powell will lead to

over to frank holland for "the half." >>> david, thank you very much welcome to "the halftime report.am frank holland in for the judge scott wapner it is the busiest day of the earnings season, and we're tracking major moves as the dow tries for an astonishing 14th straight day of gains. melissa just said it, the longest since all the way back in 1897. our investment committee to break down the monumental move and where this rally could be headed for here. we have kari firestone, josh brown, jim lebenthal and rob sechan first, a check on the market at noon eastern

i'm frank holland. let's get you started for the day. we'll kick off with a check on the dow riding a 13-session win streak, longest since 1987 and if it ends higher today it will be the longest win streak since 1897 taking a look now, futures solidly in the green the nasdaq doing the best, up over 1% right now in the premarket. all right, we're also watching a big pop in nasdaq futures up more than 1% on the heels of stellar results from meta platform shares. much more on that. the chart of meta, big spike to the upside after that earnings report we'll dig deeper shares up almost 8% and all this after the federal reserve resumed its historic rate hiking campaign boosting key rates by 25 basis points to their highest level in 22 years. chairman jay powell leaving the door open for even more. >> i would say it is certainly possible that we would raise funds again at the september meeting if the data warranted and would choose to hold steady. we'll make careful assessments meeting by meeting >> on the heels of yesterday's decision we are c

i'm sara eisen with frank holland live from the floor of the new york stock exchange.david rosenberg is going to join us for a late breakfast on the busiest week of earnings season and ahead of the fed on wednesday. >>> and the ceo of graze, with reaction to the white house and voluntarily guidelines as that stock skyrockets. >>> a blowout weekend at the box office imax rich gelfund joins us. >>> the dow on track for 11 straight gains the nasdaq the laggard we haven't talked about it a lot today but we have the nasdaq 100 rebalance. perhaps that's a factor. a big week of earnings for big nasdaq stockses including microsoft, amazon and alphabet >> i think the conversation this week, frank, turns to can the earnings justify the runup in valuation and can the fed not do anything to completely surprise the markets. when it comes to the fed and expectations, we expect them to raise interest rates on wednesday. >> a quarter point. >> most of the notes i read this morning also expect to maintain a somewhat hawkish view, we could still be raising rates, we still have work to d

i am frank holland in for the judge, scott wapner. did today's jobs report give the fed the green light to resume raising rates? our investment committee is standing by. joining us a full house, josh brown, bryn talkington, jim lebenthal, kevin simpson and steve weiss. but first, let's take a check on the markets right now. we have seen a bit of a reversal in a few indexes, seeing the nasdaq up almost half a percent, reversing from being in the red earlier today. we're seeing the s&p up fractionally however, the dow is still down fractionally the big story, though, rates the ten year back above 4% right now at 4.038 just a tick higher than it was earlier today. and i think that's where we really have to start just a short time ago we heard austan goolsbee talking with steve liesman doing a great interview. he believes a soft landing can happen even with two more hikes, jim. what did you think about what he had to say, and do you think that is still possible >> i do think it's possible. it's actually my base case, frank. now i have to

i'm frank holland. let's kick it off with a check on futures, the dow riding its largest win streak since february of 2017 we're seeing right now that it looks like it could continue with all three indices in the green, nasdaq doing the best out of all of them this as the federal reserve kicks off its latest policy meeting today with interest rate traders all but certain the central bank will resume tomorrow with a 25 basis point boost. ahead of that we're checking the bond market, yields ticking up slightly to the up side and begin with the ten-year, 3.89 just comparely breaking out that range bound situation where it was between 3.75 and 3.85. treasuries across the board rising ten basis points as we approach the decision and energy market, as always oil, wti, 78, basically 60, just ticking down depending down fractionally, brent crude at 82.55 very slight movement for natural gas. okay, for a check of some of the top stories, silvana henao has those. >>> mike wilson issuing a rare apology saying he s

frank holland in for the judge >>> i am frank holland in for the judge scott wapner front and center,that cooler than expected cpi report. stocks are rallying on the back of that data with the s&p 500 and the nasdaq both hitting 52-week highs. we'll debate the road ahead for the markets and what today's inflation read could mean with the investment committee joining me jim lebenthal, liz young, joe terranova and rob sechan first, a check of the markets very quickly the nasdaq and s&p hitting 52-week highs.

over to post 9 "the half" and frank holland. >>> and welcome to "the halftime report."frank holland in for the judge scott wapner front and center this hour the game plan for your money as we kick off the first full trading day of the second half of the year we'll debate with the investment committee. full desk here joe terranova, jenny harrington, steve weiss and jim lebenthal. but, first, a check on the markets right now. you'll see red across the board right now. all three indices down fractionally the dow, however, the hardest hit. looking at the ten year, that's where we're seeing movement. the yield there jumping almost 20 basis points in just the past week of course we are waiting for the fed minutes coming up at

i'm frank holland in for the judge. front and center this hour, the state of the rally as we kick off what appears to be a very critical week for your money. we have more key tech earnings coming our way plus a jobs report on friday. our investment committee is standing by to break down what's at stake in the coming days and joining us for the hour joe terranova and steve wise. first a quick check on the market as mike and melissa just mentioned fluff flat right now. the dow and nasdaq and s&p all fractionally lower. the dow and -- winning month. up about 3% on the month. and then the nasdaq, the best performer up about 4%. bonds easing back very slightly from friday. i think that's where we start. not a lot of talk about today joe. but apple and amazon earnings and the jobs report coming up in week. >> there's a couple of places we can go with that. first of all when you are look at apple and amazon and the earnings it's important to understand that we are seeing clear evidence right now that in fact, what the consensu

i am frank holland in for the judge, scott wapner.ve the fed the green light to resume raising rates? our investment committee is standing by. joining us a full house, josh brown, bryn talkington, jim lebenthal, kevin simpson and steve weiss. but first, let's take a check on the markets right now. we have seen a bit of a reversal in a few indexes, seeing the nasdaq up almost half a percent, reversing from being in the red earlier today. we're seeing the s&p up fractionally however, the dow is still down fractionally the big story, though, rates the ten year back above 4%

cnbc's frank holland is following these negotiations for us. what is the union asking for here?f us who get packages delivered, right? >> yeah, absolutely. first off, good afternoon. great to see you. that's really a $7 billion question. so that's the estimate for how big of an economic impact on the u.s. economy, a u.p.s. strike with the teamsters would have. the question is how does it impact everybody else. so one of the questions is how does the 22 million packages that u.p.s. delivers every day, how does that get to everybody's door without a u.p.s. it's not really clear. they obviously have the rival fedex and some other companies that do a last mound delivery are also known as e-commerce, b to c e-commerce, but they couldn't absorb those 20 million packages, at least not in the short-term. the post office has put out a statement saying they are able to absorb surges in capacity. ship matrix, a company that studies the supply chain says the u.s. post office could deliver an additional 30 million packages a day. it's possible, but the question is also about manpower and wom

. >>> we have a market flash on fedex and frank holland has it hi, frank. >> hey, tyler, fedex announcingappointed a new cfo for the company. the previous cfo announced he would resign at the end of july last month the new is john detrick, former executive officer at atlas air worldwide. he will become cfo august 1st. this is meaningful because fedex is in the middle of a transformation operationally and financially. next year the company plans to combine it these business units, es press, ground and freight into one company, transforming the operations of the company. the company is in the middle of a financial transformation aiming to save $4 billion by 2025 the announcement of the new cfo part of that transformation process. shares of fedex not moving on the news but fedex announcing a new cfo, formerly the ceo of atlas air worldwide replacing the current cfo who announced h will resign. he will stay on as an adviser. >> thank you very much >>> coming up, hollywood's impossible mission, a lot riding on this box office "barbie," "oppenheimer," "mission: impossible" could make or break t

i'm frank holland. thank you for starting your day with us. let's pick up with the check on u.s.tock futures taking a look here in the same place we started this morning in the red across the board however, off the lows of earlier this morning we are also checking the bond market yields moving higher on the adp report yesterday the 10-year treasury yield above 4% for the first time since may. even sharper move for the 2-year treasury hovering below the highest yield in 16 years. south of 5%. this morning moving higher 4.99% right now. something we continue to watch that yield going above 5%. we want to talk energy, specifically oil wti back above $72 a barrel. moving a bit higher this morning. brent crude at 76$76.75 the biggest move in natural gas up over 1% >>> let's check on the top corporate stories with silvana henao. silvana. >> frank, remaining short of the sh shareholder votes needed to sign off on new stocks. nikola adjourned the meeting until next week to try and secure more support for the proposal while the majority of shareholders voted in favor of the move the total

let's get to frank holland and "the half. >>> thanks a lot, charles. welcome to "the halftime report." front and center this hour, the kickoff to earnings with the s&p 500 hitting its highest level in more than a year as a result the big banks start off strong we will discuss those reports and debate if earnings season will be enough to keep the rally going as the next fed meeting looms large. joining me for the hour jason snipe, joe terranova, jenny harrington and bill baruch first a check of the markets looking at the dow, the s&p, the nasdaq and the russell the dow, s&p and nasdaq higher, but off their highs of the day the russell moving lower that's something we'll talk more about, the s&p and nasdaq hitting 52-week highs. the russell down 1%. let's begin with a trio of top and bottom line beats for big banks. shares opening higher before losing steam and shifting back and forth. citigroup down 2.5%. jpmorgan, what have we learned today? beats, if you count their acquisition, so a pretty strong quarter for jpmorgan >> best in breed is exactly that

i'm frank holland. >>> let's check on the stock futures. the dow off a three-week losing streak and the futures are in the red. the nasdaq is down .30%. we will watch that throughout the morning. we are looking at the bond market 20-year yield and the 30-year yield is above 4%. we are looking at energy oil trading at the highest level in a month actually since the end of may. down a bit on the china ppi number crude is back above $73 a barrel brent crude above $77 a barrel both down 1% possibly on the china ppi data. futures are pointing to a lower open let's see how things are shaping up overseas with arabile gumede in the london newsroom arabile, how is the china inflation data impacting the markets overseas >>> the filter through to the market is not bad. if we focus on europe, you will see positive numbers filter through. we hope to send that your way by the scene of the red board with the futures numbers. if you look at the ftse 100, up .10%. we have a telecom company, bt, which may be bought by one german tech company as well. the big

i'm sara eisen with frank holland live at post 9 of the new york stock exchange.genda today, starboard value's jeff smith is here his new stake in company algonquin and the actor investor climate. >>> and the ceo of cleveland-cliffs, the stock moving higher on the back of a strong

frank holland will join us now with the details what's going on here, frank? it looks like crisis averted >> certainly some big news shares jumping 2% on the news with a tentative deal with the teamster off those highs now. fedex dipping into negative territory fractionally after that news broke. here are the bones of this news. the deal prevents the 340,000 teamsters workers at u.p.s. from a potential strike that would have cost the u.s. economy an estimated $7 billion the teamsters would have had the option to strike on august 1 but, again, it appears that's been averted i have to say appears, courtney, because yesterday we saw a tentative deal with the fedex pilots both sides announced a tentative deal certainly not as urgent as this one. both sides are now calling this a win-win agreement. this was a statement from the ceo, carol tome. together we reached a win-win-win agreement on the issues that are important to teamsters leadership, our employees and to u.p.s. and our customers. with industry leading pay and benefits retaining the flexibility to stay co

. >> good morning, welcome to "worldwide exchange" i'm frank holland. let's kick off the half-hour with stock futures looking to extend yesterday's losses. you can say red across the board down half a percent across the board the dow would open 150 points lower but it is early. we are checking the bottom market, this is noticeable or notable i should say. 10 year at 9.7 back to the level that it was before the collapse of svb. we will see it take higher and higher as we get closer to the jobs report and the next fed meeting. on the energy sector upside movement, up over half a percent at 7220 per barrel, almost 79 a barrel up half a percent of the market looking at demand fears from china and some other cuts when it comes to saudi arabia and russia creating movement in the market up almost half of a person. more on the global energy market in a moment, but first turning to the top story the treasury secretary janet yellen arriving in beijing for three days of meetings with the chinese counterparts, this comes days after china imposed export restrictions

frank holland is here with more on this. frank. what's going on?andrew, the bankruptcy means $5 billion in freight volume is up for grabs that is 3 million shipments from yellow customers like walmart or home depot overall, this disruption is boosting other companies in the less than truckload space. that's where several companies have i temptems in the same truk a common saying in transports with the carriers expected to get the yellow volume at premium. in four months, we swung from recession to dow transports trading close to a 52-week high. trucking rates have bottomed and now heading toward an upswing and they are negative year over year, but look at these tough comps. the supply chain continues to normalize. a number of tailwinds in the second half include the summer produce and fall harvest season and holiday shopping season. and economists say they appear to be reversing. back to yellow the shutdown could have 30,000 workers potentially looking for work many are truck drivers which is creating an influx of labor to help the margins trucking

i am frank holland in for the judge scott wapner front and center this hour, a rate shock hit stocks. the market is under a lot of pressure as yields rally and stronger than expected jobs data and hawkish fed speak. is this a major moment of truth for investors, and will rising rates wreck this rally our investment committee is standing by. joining us for this hour downtown josh brown, joe terranova, amy raskin and sarat sethi. first a check on the markets right now a down day on wall street all three indices down at least 1% the nasdaq and the dow both down about 1 1/3 percent. we're also looking at bond yields right now, something to watch. the story of today the ten-year yield back above 4% you have to remember just before svb, the last time we were at this level, and actually since the last rate hike, yields moved on the ten year about 30 basis points look at the two year, the yields there at a 16-year high. we're looking at financials, looking at the financial sector down today, hard hit also the regional banks hard hit right now. something we're going to continue to watch and ta

let's get to frank holland and "the half. >>> thanks a lot, charles.port." front and center this hour, the kickoff to earnings with the s&p 500 hitting its highest level in more than a year as a result the big banks start off strong we will discuss those reports and debate if earnings season will be enough to keep the rally going as the next fed meeting looms large. joining me for the hour jason snipe, joe terranova, jenny harrington and bill baruch first a check of the markets looking at the dow, the s&p, the nasdaq and the russell the dow, s&p and nasdaq higher, but off their highs of the day the russell moving ler

i'm sara eisen with frank holland live at post 9 of the new york stock exchange. setting the agenda today, starboard value's jeff smith is here his new stake in company algonquin and the actor investor climate. >>> and the ceo of cleveland-cliffs, the stock moving higher on the back of a strong beat, but worry remains on a drop-off in steel prices. >>> later, the mber chair on what to expect from the fed. that's the committee that officially declares if we're in recession. why he is not necessarily buying the recession narrative. >>> we'll start with the markets ahead of tomorrow's fed decision the dow is at the highest level since 2017 and looking to add to its 11-day win streak. the next guest says the economy is out of the wood as liquidity is the issue joining us is jeff solomon what are you worried about on the liquidity front? good morning to you. >> good morning to you listen, i think the market's had an incredible rally but that's because we had this major -- two major issues with the budget crisis and the regional bank crisis so, any time you have anythin

i am frank holland in for the judge scott wapner front and center this hour, a rate shock hit stocks.under a lot of pressure as yields rally and stronger than expected jobs data and hawkish fed speak. is this a major moment of truth for investors, and will rising rates wreck this rally our investment committee is standing by. joining us for this hour downtown josh brown, joe terranova, amy raskin and sarat sethi. first a check on the markets right now a down day on wall street all three indices down at least 1% the nasdaq and the dow both down about

the leading expert, frank holland, he said, yeah, you're going to get five feet. but he had lived on tarawa for 15 years and he changed his assessment and said it's not going to even approach feet, three feet. the admirals played no attention, no attention. in other words, the conditions were lousy they were dangerous. and the admirals know it and the excuse which makes no sense to me is that we could not delay this battle had to go off on november 20th, 1943, despite the fact d-day was delayed. okinawa was delayed, guam was delayed. battles are delayed. and this was not a pivotal battle in terms of its strategic purpose. they built a lightning strip that they barely used. as it turned out. in other words, a tidal mess. there was no way of accurately predicting how high the tide would be that day. too many variables. they could only literally go a hope and a prayer. the educated guesses of war that too often turn out to be fatal. the attack went ahead. the tide was feet dead in water. now imagine. you're 18 years old. this your first fight? you're terrified. but w

. >> 15 -- it was 10 million when frank holland was on this morning. >> it was two million in the firstwo hours, 15 million in the first 11 hours zuck did tweet for the first time in 11 years, a little jab at musk. >> i felt, when i got, wow, look at this. he came in to me and showed me something, this is the greatest, and my colleague said, no, that went to everybody. i didn't feel as special as i thought. but it is a great video that he put up look, i think this is -- it is game, set -- i think that twitter will lose here >> and lose means what >> i mean, like, look, i'll still -- we'll still go to it, but i will look at what people say about me right now, what people say about me is that i swim in the love canal, and i dry -- the love canal, and it comes off me i jump into the gwannis to get clean. >> what do you say to trading desks who say, we live in a high-frequency information business, twitter has that >> whatever twitter can do, zuck can do better. anything musk can do, still zuck can do better. i'm not going with that anything you can do, i can do better. zuck zuck is in the

. >>> we're one week away from a possible strike at u.p.s frank holland joins us with more. >> a strikeat u.p.s. would create a more than $7 billion negative impact to the economy. that's according to estimates. that's if the strike lasts ten days, even more if longer. u.p.s. delivers about 22 million packages a day fedex would be able to absorb a fraction of that volume. fedex telling its customers to secure capacity early before they just run out. the post office telling cnbc it's ready for any surge in volume they have the capacity to absorb about 30 million additional packages per day the majority of that negative impact, $4 billion expected to hit u.p.s. customers that includes amazon, nike, macy's etsy and other large companies. amazon says they don't expect a significant impact, but amazon packages make up just around 10% of overall u.p.s. volume the wall street impact may pale in comparison not main street impact a report adding a a u.p.s. strike would create a significant and lasting harm for small businesses, household workers, sole practitioners and online retailers across th

and margot frank, being trapped in holland and ending up in the concentration camp., the holocaust story. but an extraordinary version of it. ultimately, they are involved in a very rare exchange, using a paraguayan passport, despite not being paraguayan. and my father's side — somebody said to me the other day, your grandfather was quite well—off, and that is actually to understate it. my grandfather was called the iron king. that was his nickname, i found out when i was doing this. he had a huge, fancy house. a huge, fancy house what we now called lviv, but when they were born it was lwow and was in poland, not in ukraine. when the nazis came into poland from one end, the soviets came in from the other end, and they arrest everybody who's got even the slightest hint of civic leadership. my grandfather had more than that. as well as being a wealthy capitalist, he was also on the city council. he was representative of the jewish community, so he had a lot that they could arrest him for. except not actually having done anything wrong. but they didn't require that. and