i'll frank hoho home frank holland -- i'm frank holland coming to you live from washington, d.c. it is all happening here. let's kickoff with the check of the u.s. stock futures after the fed is keeping the campaign hiking on hold and maintaining the central bank has a long way to go to reach the target. futures are in the red. the dow opening up 100 points lower. nasdaq and s&p lower. we are checking the bond market. yields on the 10-year treasury and 5-year note are pulling back. right now, brent crude is moving lower right now. impacted by the rate hikes by the fed here in the united states. natural gas is ticking up .50% higher. >>> we are checking the asian action right now. hong kong losing 1%. the nikkei is down 1.5%. europe is following the lead in asia. we are seeing the cac 40 is down more than 1%. we have more on the global story coming up later this hour. >>> wall street is digesting the latest monetary policy decision where the fed held interest rates steady. it indicated potential for another hike by the end of the year. interest rate traders are pricing in a 20% ch

i'm frank holland.oming to you live from the washington, dc, bureau the most important market for investors is happening right here at the nation's capitol as we always do, we'll kick off with a modest day of trading that i posted their second down day in three take a look at futures now in the green across the board looks like the dow would open up 35, 40 points higher. as we always say, it's early the 10-year sitting at 4.34% right now. the 2-year note ticking up a few basis points for that yield there. we continue to watch the bond action all morning long as we lead up to that big fed decision later today. also in energy, a recent thorn in jay powell's side we look at wtis, the u.s. benchmark right now at under 90 bucks a barrel down 1.5%. brent crude just above 93 bucks a barrel down about 4% right now. to the action or inaction on capitol hill, congress is staring down a deadline to avert a partial government shutdown at the end of this month, now just 11 days away infighting with house republicans

i'm frank holland. happy friday. we kick it off with the s&p and nasdaq on pace for the worst week since march. look at it right now. flat to fractionally higher. s&p is moving higher over the last hour. dow is flat. looking to open up five points lower. we are checking the bond market. yields hovering to decade yield highs. the 10-year treasury and 5-year creeping close to 344.5%. and we are looking at oil. you can see the benchmark above $90 a barrel. .50% in pre-market. natural gas is making the biggest move to the upside up 1%. >>> we have a news alert from washington, d.c. kristina partsinevelos is here with news for the chip sector. good morning. >> reporter: good morning. chip makers want a piece of the $53 billion chips act pie and they better not go to countries of concern like china, iran or russia. the commerce department releasing rules to build chips on american soil. companies must not expand manufacturing capacity beyond 5% in these countries like russia and chinesa because the governmt says it is a na

i'm frank holland. happy friday. let's start the day with the check on the u.s. stock futures. look here. we are in the green. dow would open up 100 points higher. the nasdaq is .50% higher. it is early. a big part of the dow move is the pre-market with nike popping on the mixed report. look at nike shares right now up 8%. it is important to note they are down 17% for the year to date. more on that slide coming up in a moment. >>> all this as the markets look to wrap up a rough month for stocks with the s&p and nasdaq on pace for their worst month of this year down 4.5% and 6%. dow down 3% as well. for the quarter, the averages here down across the board with the dow and s&p set to snap win streaks. the nasdaq on pace for the worst quarter since the second quarter of 2022. we are seeing a lot of action in the bond market. the 10-year treasury at 4.54. easing back from yesterday with the high of 4.67. the 2-year treasury is easing back a bit. still back above 5%. we will talk more about bond yields in a

i'm dominic chu in for frank holland. let's kickoff the show with green on the screen with the nasdaq and s&p coming off 1% losses last week, but for the time being, the dow is higher by 75 points. s&p is higher by 18 and the nasdaq higher by 21 points. for the transportation stocks, they are coming off a nearly 4% loss last week. that index worst since early march. checking on the bond market. yields are on the move. you see just a little bit of higher motion. lower prices and higher yields for the 10-year treasury at 4.2 t 8%. 2-year treasury is 4.98%. the 30-year treasury is 4.36%. in energy, oil is in focus with cpi coming out this week. energy prices are off for wti crude at $86.92. that is off .20%. ice brent crude futures above the $90 mark. down .30%. all of this as investors brace for a busy week with the number of key events in focus. including earnings from adobe and oracle. a product launch from apple tomorrow and then a possible refreshed iphone lineup. also august consumer prices on wednesday. friday could s

i'm frank holland. let's start the day as we kick off the hour with the check of the u.s. stock futures basically flat across the board. dow would open up 30 points lower. it is early. stocks coming off a mixed session, but down for the month and quarter ahead of the open. the s&p and nasdaq are on pace for the worst month since december of 2022 you see the down side action here the nasdaq is hardest hit down 6.5% we are looking at the bond market yields at the 5 and 10 hitting the highest level since 2007 4.63% for the 10-year treasury the 2-year treasury is rising since yesterday now at 5.13. we are looking at the energy market and oil is moving higher to the upside. oil at the highest level since june of 2022 $9 $93.85 brent crude is up with natural gas down .50%. >>> let's turn attention back to equities stocks in september is the worst month since 1928 according to the dow jones industrial average, the s&p averaged 1.1% decline in september. we are down 5% with two days the trad trading. joining me is ryan dietrick from carson the fourth quarter is the best month whic

i'm frank holland. we kickoff the hour with the check of the u.s. stock futures. a bit of a mixed picture. dow up fractionally. the nasdaq down almost .75%. this is important because the nasdaq is riding a three-day losing streak with all three indices taking the nasdaq's lead down 1% this week. we are checking the bond market as we always do. the 10-year treasury at 4.27. important to note the 2-year treasury has eased off 5%. under 5%. in the energy market, we are looking at oil. we begin with wti. $87.13. you see a bit of movement. down .50%. brent crude above $90 a barrel. natural gas is flat. >>> we are watching shares of apple this morning. shares falling on new details of the china's ban on iphones on government officials. beijing will extend it beyond government agencies to state-owned enterprises and other government controlled agencies. shares of apple down this morning on the report. down 2.5%. >>> time to take a look at the european markets and how they are shaping up with arabile gumede live in the london newsroom with more on the early action. arabil

i'm frank holland. we kickoff the day with the check of the futures the first winning session in five a clear change of direction here in the futures the dow set to open 125 points lower. the s&p and nasdaq both down about .50% in the pre-market we are checking the bond market with the 10-year treasury at the highest level since october of 2007 look right now at 4.52 also the 2-year treasury is 5.12 you see it is elevated we are looking at the energy markets. oil is giving back a bit look right now at wti crude below $90 a barrel down 1% this morning brent crude at $92.28. similar for the natural gas market down 1% this as the dollar adds to impressive gains up 2.7% this quarter alone and on pace for the best quarter since q3 of 2022 you can see the dollar up fractionally right now up 3% actually in the quarter so far. something to continue to watch this puts pressure not only on tech stocks, but other areas in the market as the dollar gets stronger let's see how europe is shaping up as its trading day

i'm frank holland. let's get you ready to start the day as we kickoff with the check of u.s. stock futures after a higher day for stocks yesterday. the dow posted the third straight winning session in a row. the nasdaq higher by 1% and second day in a row closing higher along with the s&p. futures are in the red across the board. the dow would open up 75 points lower right now. yesterday's gains in tech coming on the back of tesla shares. closing out more than 10% higher things to an upgraded morgan stanley. shares are down .50%. shares are up 6% in the last week. we are checking the bond market with the 10-year treasury at 4.27. important to note the 2-year treasury is below 5%. the inversion on the 2/10 is narrowing in recent days. down 70 points. also morning to note the yield on the 2-year treasury is higher than the 5, 10 and 20 and 30. we are watching the energy market. the wti is coming in at $87.95. brent crude is above $90 a barrel. similar for natural gas up .50%. >>> cpi is the biggest data event of the week, but today is all about with big tech. starting off with

i'm frank holland. we kickoff the day with the u.s. stock futures. s&p and nasdaq with the third positive session in the last four we see green across the board. dow opening up 20 points higher. the s&p and nasdaq is opening higher we are checking the bond market. the 10-year treasury is at 4.31. also foreiimportant to note thae 2-year treasury at 4.5 we are watching the energy market wti is the benchmark at $92.76 up 1.5%. brent crude at $95.12. natural gas is muted up .25%. >>> time for the check of the top corporate stories with silvana henao. silvana. >> frank, good morning the ipo rush set to continue today with instacart pricing the nasdaq offering at $30 a share the top end of the range the deal values the company at $10 billion. that's a massive haircut from the $39 billion valuation in 2021 instacart is profitable generating $114 million in net income last quarter. that is up from $8 million a year ago don't miss instacart's ceo live here on cnbc later today >>> the united auto workers union will strike at additional ford, gm and stellantis

i'm cdominic chu in for frank holland. let's check on the futures following the long holiday weekend. we are off a bit. dow jones industrial average implied lower 50 points. s&p lower by 11. nasdaq down 71. checking in on the bond market right now, yields in focus here. relatively steady around the 4.2% for the 10-year treasury note. currently 4.216% for the 2-year treasury. in energy, oil prices are stubbornly high, but off a bit this morning. west texas intermediate is off 18 cents. brent crude futures are d down .23%. nat gas prices off 5% right now at $2.62. >>> let's see how the overseas markets are shaping up on the back of the economic data out of europe and china. dp arabile gumede is in the london newsroom with the action in europe. >> good morning, dom. what we are seeing is the down day across europe. it does follow on from the economic data you pointed to with eurozone business activity dropping by the steepest level in three years for the month of august. if you take away the pandemic, it is the steepest contr

i'm frank holland. we will kickoff the check with the future check. indices coming off a four-day losing streak. we are in the red. dow looking like it could open up 50 points lower. we say it is early. it is a very busy week on tap for investors. tomorrow is earnings from costco and new home sales and consumer confidence. wednesday is micron earnings. thursday is nike reporting results. we get initial jobless claims and pending home sales figures and fed chair jay powell speaking. we close out the week with the latest read on consumer sentiment. right now, we check the bond market with yields close to 4.5% for the 10-year treasury. we see the yields rise. the 2-year treasury is well above 5%. something to watch as we continue this morning. we are looking at the energy sector. specifically oil on a report that russia is tweaking to exempt some oil products from the export ban. oil right now with wti above $90 a barrel. up .50%. similar for brent crude. doing better at $93.79. natural gas down .50%. >>> time for the check on the top corporate stories w

i'm frank holland. we pick up the half hour with the check on u.s. stock futures.d across the board. the dow would open up 80 points lower. the s&p and nasdaq both down .25% in the pre-market. we are looking at the bond market as always with the 10-year treasury. that yield at 4.24. steady for what we have seen. the 2-year treasury is below 5%. some downside movement with the yields there. we are looking at the energy market. oil is taking a look at wti at $86.59. brent crude below $90 a barrel. more action in the natural gas market which is up 1.5%. we are looking at mega cap tech with apple. looking to extend the losses this week of more than 6% over china's reported ban of iphones for government workers and state-backed companies. we have comments from the chinese foreign ministry saying it welcomes products and services that comply with the country's laws and regulations. apple gets 20% of revenue from china. any ban could hurt sales and sent the for chinese consumers. it is facing pressure after the eu identified it as a gatekeeper under the digital market act

i'm frank holland. let's start the day with the check on u.s. stock futures after the dow's best day since early august. a bit of a mixed picture. s&p and dow in the green. the dow would open up 80 points higher. the nasdaq, however, lower. we will talk more about the nasdaq in a minute. we are checking the bond market. we begin with the 10-year treasury. 4.32. rising a few points this morning and after the hotter than expected cpi report. important to note the 2-year treasury has the yield back above 5% right now. and the energy market with the wti back above $90 a barrel. up .50% this morning. similar for brent crude at $94.06. natural gas up .50%. >>> back to the nasdaq and tech. shares of a.r.m. holdings set for day two of trading after the debut. a.r.m. closing 20% higher. now more than 9% higher. now it is $69.45. we saw it lift the nasdaq higher, but in the pre-market, nasdaq fractionally lower. we'll talk more coming up. >>> turning back to breaking news this morning. for the first time three automakers are on strike after failing to rea

i'm contessa brewer in for frank holland this morning lchlt it's kick off the hour with a check on u.sstock futures with the dow coming off its first down day in four, and you can see we're indicated to open in the red across the bore. s&p 500 indicated down by 6 points, dow jones off by 50, and the nasdaq down by 14 now. let's check the bond market, the 10-year. mostly range-bound. it's hovered just below the 4.3% root now. the 10-year is at 4.304%. oil trading at its highest level since november 2022. wti up more than half a percent. brent up about the same. natgas is off by a third of a percent. >>> the big market story this morning is the august consumer price index out at 8:30 eastern time this morning. it could show the biggest jump in inflation in more than a year. the headline number is forecast to rise 0.6%, which would be the biggest increase in 14 months. the annual rate could climb to 3.6% from .2% in july, and from a more than 2-year low of 3% in june. the main reason we're seeing this is higher oil prices. crude is up well over 20% in the past two months and gas is averag

i'm frank holland. let's get you red to start the day. we kick off u.s. futures after stocks kicked off the holiday shortened trading week with modest losses. as you see right now we're in the red across the bore. the dow looks luke it opens up 45 points down. the s&p down just about a quarter of a percent. but, again, it is early. we're also checking the bond market as we always do. we're beginning with the 10-year. the yield back to just below 5%, a story we'll continue to watch. we'll talk a lot more about bonds later in the show. we're also turning to energy. a number of headlines to watch including saudi arabia and russia announcing they're extending oil production cuts and we're seeing oil pull back right now with the u.s. benchmark wti under $86 a barrel, brent crude down to 89.26 just now. touched 0 bucks a barrel yesterday. natural gas seeing a little bit of an upside, just about up one quarter of a percent. we'll dig into the price action later in the show. time now for a check of this morning's top corporate stories. our silvana henao is here w

i am frank holland in for the judge, scott wapner. front and center this hour, another big breakout in band yields calling into question the state of stocks and if another move higher can happen into year end. our investment committee is standing by to break this whole thing down. we have bryn talkington, remote, but here at post 9, shannon saccocia, brenda vingiella and steve weiss. let's get a check at the market, the dow at its highs of the day, up 185 points. the s&p and the nasdaq are hitting new highs as we speak. the s&p up jest over

frank holland's got the details. hey, frank. >> hey, melissa. details just crossed. important to note, shares have fallen since july 25th when the teamsters announced the deal with u.p.s. that would be ratified to avoid the costliest strike in the u.s. in the last 100 years. today, as you mentioned, u.p.s. released their take on the financial details. we sat down exclusively with ceo carol tome. >> it's not a $30 billion deal. it's a great deal for our people. it's a great deal for all the stake holders. when i look at the economics of the teamsters deal, compounded annual growth rate of that deal is 3.3%. to put that in perspective, the yield on the five-year treasury today is 4.4%. and even if you look at the historical average of the five-year treasury, it's 3.7%. so, we came in a number that was under a five-year treasury yield. that's pretty good. >> all right, we did ask, again, but carol would not release the exact cost of the teamsters contract, however, u.p.s. said that 46% of the cost of the contract would be born out in the first 12 months of that deal. an

i am frank holland in for the judge, scott wapner. front and center this hour, another big breakout in band yields calling into question the state of stocks and if another move higher can happen into year end. our investment committee is standing by to break this whole thing down. we have bryn talkington, remote, but here at post 9, shannon saccocia, brenda vingiella and steve weiss. let's get a check at the market, the dow at its highs of the day, up 185 points. the s&p and the nasdaq are hitting new highs as we speak. the s&p up jest over three-quarters of a percent. the nasdaq moving above, 1% higher now. we're going to kick things off with our "chart of the day," the ten year. the yield ripping higher again right now. take a look. it hit above 4.65 earlier in the session, at its highest level in 16 years, right now at 4.6. really that's where we have to start this conversation, shannon. higher yields but yet we're seeing a bigger rally in the markets. how is that even possible? >> i think we've already been under pressure the last

i'm frank holland. let's get you ready to start the day.ur with a check on u.s. stock futures after the dow's worst day since late march. a bit of a reversal. in the green across the board. dow opened 100 points higher, maybe higher than that, hitting the highs of this morning. the s&p and nasdaq up under a half percent. investors are coming to terms with the real impact of higher for longer in terms of interest rates, and the bond market, take a look right here, the ten-year at 4.50. the 30-year hovering near 2011 highs at 4.63, and the yield and the two-year notes above 5%, off the highs from just yesterday. we also want to look at the energy markets, specifically oil, wti, the u.s. benchmark, up 1 1/4% in the premarket. brent crude, similar story, up almost 1% at 94.88. natural gas taking a move to the downside, since we started the show, down fractionally right now. we also continue to watch amazon this morning. really our big stock this morning after a monster stock move yesterday on the news that the ftc is going after the ecommerce a

i'm dominic chu in for frank holland. let's kickoff the hour and new month of trading with the check of u.s. kmequity futures. dow implied higher 14 points and nasdaq by 9 and s&p by 10. this after the nasdaq and dow and russell 2000 index posted their worst month of the year as you see here. things have to get back on track especially for the transportation trade. on a sector basis, 11 of the 11 s&p 500 are coming off a down month led by utilities which saw the worst month since september of 2022. that is down over the course of one trading day of 1%. over the last month, down 5.5%. today, investors are looking ahead to the august jobs report. employers are expected to have added a net 170,000 new jobs last month. that is down from 187,000 we saw back in july. the unemployment rate is expected to hold steady at 3.5%. ahead of that, we check the bond market. yields showing a sign of downside pressure for prices and upside pressure for yields. 10-year treasury is at 4.11%. 2-year treasury is 4.87%. 30-year treasury is high

i'm seema mody in for frank holland. let's pick up the half hour with check of u.s. stock futures.hotter than expected inflation read. the dow currently higher by 85 points. we could be in for a rebound. s&p up 14 points in pre-market trade. we will get another important read this morning for august ppi. economists are expecting a 0.4% month over month tick higher compared to 0.3% in july. ahead of that, take a look at what is happening in the bond market. 10-year treasury is currently trading at 4.25%. it really was the bond market that reacted to the cpi report more than equities. part of the story of why inflation is high is gas and oil prices. look at what is happening in the energy market. brent crude is above $92 a barrel. wti is at the highest level since november of last year trading at $88.99. >>> let's get a check of the corporate stories with silvana henao. >> seema, good morning. starbucks announcing former ceo howard schultz is leaving the board. the company says the change which is effective immediately was part of the planned transition. schultz stepped down as ceo i

as we get saet for a busy week ahead, let's get to frank holland in for the judge. >>> what is next for stocks as the yield hits its highest in 16 years. we have downtown josh brown, shannon, and first let's get a look at the market. the dow is off of its low, and the s&p and nasdaq moving into positive territory. both up just about a quarter of a percent. the small caps, the most interest rates sensitive indices up. that's where we have to pick up the conversation, joe, rate pressure on the market. is that the only thing weighing on the market in your mind? >> the macro overall is certainly weighing on the market was move to the end of the quarter, and the seasonality of the quarter has been very accurate. it's the combination of student loan implementation on october 1st, the potential on the government shutdown, and obviously yields and the dollar moving higher. in the last couple of weeks, it has been oil. collectively that has broken the sentiment, but what i don't think it has done is broken the trends in the overall market for 2023. that's where you have to be careful. a lot of t

to frank holland and "the half." >>> welcome to the "the halftime report." front and center this hour, the road ahead for investors following a pretty rocky week on wall street. the question, how should you position yourself in this higher for longer world. plus following breaking new developments this hour as more autoworkers walk off the job. we have a live report from our own phil lebeau coming up. first to our investment committee. we have a great panel, shannon saccocia, bryn talkington, steve weiss and rob sechan. and now a quick check of the market at noon eastern time, we're seeing the dow pretty close to its highs of the day. the nasdaq just off its highs. the ten year yield at 4.43, easing a bit from where it was, but still close to its highest levels in 2007. i think that's where we have to start here, bryn. a lot of disruption since jay powell indicated higher for longer. where do you go from here? i think it's important to note the nasdaq and the s&p on a three-week losing streak as well. >> i think you have to go a little bit further because ju

as we get saet for a busy week ahead, let's get to frank holland in for the judge. >>> what is next forcks as the yield hits its highest in 16 years. we have downtown josh brown, shannon, and first let's get a look at the market. the dow is off of its low, and the s&p and nasdaq moving into positive territory. both up just about a quarter of a percent. the small caps

larry fitzgerald, sandra richards, frank holland, thank you very much. >>> coming up, the crackdown onh. tiogle and amazon facing antrust scrutiny here at home and abroad. we'll discuss when "power lunch" returns. to address operations issues? we can help with that. can we provide health care virtually anywhere? we can help with that, too. is it possible to survey foot traffic across all of our locations? yeah! absolutely. with the advanced connectivity and intelligence of global secure networking from comcast business. it's not just possible. it's happening. i was told my small business wouldn't qualify for an erc tax refund. you should get a second opinion from innovation refunds at no upfront cost. sometimes you need a second opinion. [coughs] good to go. yeah, i think i'll get a second opinion. all these walls gotta go! ah ah ah! i'd love a second opinion. no. i'm going to get a second opinion. with innovation refunds, there's no upfront cost to find out. so why not check like i did for my small business? take the first step to see if your small business qualifies for the erc. affe

to frank holland and "the half." >>> welcome to the "the halftime report." road ahead for investors following a pretty rocky week on wall street. the question, how should you position yourself in this higher for longer world. plus following breaking new developments this hour as more autoworkers walk off the job. we have a live report from our own phil lebeau coming up. first to our investment committee. we have a great panel, shannon saccocia, bryn talkington, steve weiss and rob sechan. and now a quick check of the market at noon eas

i'm frank holland. let's get you ready to start this day.ck it off, as always, with a check on u.s. stock features. they've been holding steady pretty much all morning long. the dow would open slightly higher. similar story for the s&p and nasdaq. both fractionally higher. the dow riding a three-session win streak. looks like that may continue. as we always say, it's early. >>> the bond market, look at the bench mark 10-year right now at 4.34. highest level since 2007. also important to note, the yield on the 2-year, back above 5%. we continue to watch that. we're also looking at energy. oil riding a three-week win streak, trading at the highest level since november of 2022. taking a look at wti u.s. benchmark, 91 bucks a barrel, up a quarter% right now. present crude just ticking to 94 right now. up fractionally. natural gas up three quarters of one percent. a lot more about oil later in the show and hear from bank of america and why we could be facing triple digit prices sooner than later. time for a check on top morning stories. bertha co

frank holland has the details. >> dom, investors are clearly buying the cost-cutting and transformationly in the middle of. it eliminated $1.8 billion in costs permanently, while still beating on eps and raising the low end of eps guidance. looking deep entire the numbers, express missed, while ground beat on both. e-commerce division of fedex, 13.3%. margin expansion here. and that's compared to a sub 10% estimate. and expansion, 8.5%, just a year ago. so, fedex gained some premium business during the u.p.s./teamsters negotiations, and that appeared to help the results. the only surprise was freight missing on revenue estimates. it was believed fedex benefited from the bankruptcy of yellow, another trucking company in the same space. the ceo spoke about the plans about bringing fedex into one company, saying, continued focus on revenue quality, partially offset by ongoing demand weakness. weakness appears to be centered on the express air delivery business, where average revenue fell by 8%. ground revenue increased by 3% and freight by 2%. the call starts at 5:30 eastern, expecting com

because you come in, now i have to tell you that when i was watching frank holland this morning, lookedike we were about to have a breakout, then we go back down. what i want people to understand is october is a good month. i can understand you trying to position, but i also am more worried that interest rates, which did not go higher on the durable goods, the interest rates could reverse, and, david, i don't care what month we're going into. this market, as we've indicated is really about interest rates. it's not about, as much as people might want to say, it's not about earnings. the earnings we have had the last couple of days is pretty good. if rates go the wrong way, then whatever we have there in the future is just erased. >> what about if they just stay where they are for longer than we anticipate as kashkari n indicated? >> i'm saying the long end. >> we're back to the ten-year or the 20. >> i like the 20 because in the old days, the 20 was king. how did the ten-year become king. >> it is the benchmark yield. i tried to get a mortgage. i got a mortgage for 308. now it's 8. a yea

. >> i was watching frank holland today, and i said the opening has been so controlled by europe, i thinket a pop just off of england, and people don't realize how much the first hour is controlled by the book being sent over, but it was very, very positive, and when we get, like i say, the semicap equipment, which has been a real dog business, well, it's doing well we need aerospace to do well, david. we need infrastructure to do well >> okay >> we need banking to do well. >> okay >> we need tech to do well, and then we're off to the races. >> anything you missed there >> it's a good early cycle playbook >> exactly right and if you read the bank of america piece, that "don't worry, be happy" piece, you would feel so much better than you look, certainly. >> thanks, jim >> you'd be feeling as good as, say, the dolphins. >> right what exactly are you wearing >> i'm wearing jeans and a very sporty sport jacket. >> it's a great blazer i like it. >> maybe he's been to the bur burlington at coney island 42 t-shirts for $5 >> that's ridiculous that's a waste >> it's called hyper-bowl. >> yeah, w

frank holland is down in d.c. and joins us with a special guest. ith us. >> i'm delighted to be here. >> you're kicking off this inaugural summit today. a lot of u.s. leaders here in government and the defense and other areas of the government. right now today so much focus on a.i. and the potential of a.i., what is palantir's focus when it comes to its work with the u.s. government? >> there are two things. one is palantir related but more importantly, the u.s. has every major provider of a.i., which in every other industrial revolution you've had diversity of countries that had the talent and the products. this evolution they're in america. how do we get the u.s. government to use innovation from providers, very few of these providers work with the u.s. government. in part because many providers have had a somewhat timid view of helping the u.s. governments the silicon valley motto, i get rich, you get nothing and, obviously, they extended that to the u.s. government. so my focus and our focus in d.c. is one to basically embarrass other people in

. >> kind of dovetails with what carol told our frank holland about the teamsters deal that did get done tried to push back on some of the numbers that have been pushed out there by the union. take a listen. >> that's not a $30 billion deal. it's a great deal for our people. it's a great deal for all the stakeholders. when i look at the economics of the teamsters still, compounded annual growth rate of that deal is 3.3%. to put that in perspective, the yield on the five-year treasury today is 4.4% and even if you look at the historical average of the five-year treasury it's 3.7% so came in at a number under a five-year treasury yield. that's pretty good. >> jim, shares going back to what is this, october of last year. >> yeah, and the thing that i totally understand what carol is saying. great cfo of home depot before there. there was a twist i didn't like. they're going to make it so you're not limited to sell -- to give them packages before the holiday season. in other words, they took the cap off -- the cap was a successful way to make it so they weren't overwhelmed and ended the skei

♪ >>> ups ceo speaking exclusively to cnbc's frank holland, and the company releasing a presentationr. >> now, it's a bit of a bar bell structure where it's heavier in the beginning of the contract, and real low in the middle of the contract and it steps back up at the end of the contract. get this. 46% of the cost increase happens in the first year, so imagine what the last four years of the contract are, they are really good for us. a 3.3% annual growth -- >> she said it was not just about money, but work-life balance, and shares of ups have fallen since the deal was announced back in july. >>> coming up, former pro tennis player turned coach, and we will ask him about his experience coaching the u.s. open champion, and coco won over the weekend and what a win it was. we will talk to him in just a minute. >>> and then we will talk to walter isaacson about his new book, and that's coming up during the 8:00 hour. ♪ (upbeat music) ♪ ( ♪♪ ) woah. ( ♪♪ ) ( ♪♪ ) ( ♪♪ ) ( ♪♪ ) constant contact delivers the marketing tools your small business needs to keep up, excel, and grow. constant con

. >>> frank holland going to join us. i think you should mention apple. you what to do. you take requests? >> we take questions. taking a look at apple shares. we're higher in the premarket. down 6% for the week. on those concerns about a possible iphone ban by government companies in china. officials out with a statement saying foreign tech. what you're seeing, this is a big deal potentially for apple because it gets 20% revenue per china. this slide is important for investors, because apple is 7% of the nasdaq 100. big apple aevent on tuesday. shares have fallen 1% to 3% in past years. shares of apple fractionally higher despite that pressure on iphone banning concerns in china. we got some earnings movers this morning. luxury retailer rh sinking on lower than expected revenue guidance for the third quarter. you can see shares are down almost 8%. pretty interesting chart you're seeing to theright here. rh attributing the negative forecast to ongoing macro pressures within the luxury housing market as mortgage rates sit at a 20-year high. the company add