this is ge profile smarter wash technology. fully optimized cleaning, no more guessing. is smarter cleaning. this is ge profile. >>> welcome back to tech check, i'm carl quintanilla with deirdre bosa, the market has reset with the wake of selling in europe, downgrading from goldman sachs on their s&p target s&p south at 3,700 and the dow of course has retaken its june lows we're approaching the close in europe which was where a lot of weakness accelerated today we saw a flurry of news overnight. >> we see an ugly session overseas, at the lows of the day across europe. the pmi data falling to 48.2 a reading below 50 indicates contraction. the stock 600 lowest level in two years: for perspective, down about 20% from its all time high this as investors reevaluate the impact of higher rates, persistently high inflation across europe. european assets are likely to remain volatile and under pressure until we see cease fire talks or signs that europe has secured such energy supplies to prevent rationing. the this as a country braces for a recession. the finance minister says hi

this is ge profile smarter wash technology. fully optimized cleaning, no more guessing. this is smarter cleaning. this is ge profile. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. >>> welcome back to "squawk box. the futures are higher up 70 points for the dow s&p up 7 nasdaq up 24 despite ending in the green, they failed to catch up with the significant ground lost on tuesday. we will be looking for those the next two guests are joining us elise at jpmorgan chase. and diane jaffey at tcw. elise, let's start with the inflation outlook. you say we are on cruise control for a while in ways of tighter monetary policy and stronger dollar what does that lead you to conclude for investors >> going forward, we're continuing to recommend investors focus on portfolio positioning. this means adding buffers with core bonds and preparing for volatility and adding hedge

this is ge profile smarter wash technology. fully optimized cleaning, no more guessing. s smarter cleaning. this is ge profile. >>> welcome back to "squawk box. time for "executive edge." we start with major legal trouble perhaps for the beyond meat coo doug ramsey. different doug >> this was a crazy story. >> he was arrested for allegedly bu biting a man's nose at the college football game. i don't think he did that. i think it was a fight something he resorted to a nose bite charged with battery the altercation happened in the parking garage near the razorbacks stadium he punched through the windshield after it made contact with his front tire. he got out and ramsey punched him and bit his nose ramsey has been the coo of beyond meat after three decades at tyson >> you are on the board and what do you do? >> i would look into details from what i heard, this is shocking >> you deal with the obvious comments that are going to be on twitter. >> the vegetarians >> yeah. then the canabol have you been in a fight >> i have not. >> you are in pain and you try anything remember

this is ge profile smarter wash technology. fully optimized cleaning, no more guessing. smarter cleaning. this is ge profile. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq (police radio call) (sirens) (news report) (sirens) (news report) >>> good morning welcome back to "squawk box. live at the nasdaq market site in times square. the futures are red right now across the board you are looking at the dow jones industrial average off 280 nasdaq off 125 treasury yields right now as we get set to hear what the fed is saying 10-year treasury at 3.4% 3.923% for the 2-year treasury bitcoin in the $18,000 range talk about risk asset. that is a good indicator of how folks feel about risk. take a look at the crypto adjacent names we'll hshow you those as well c coinbase and block all down. >>> let's get across the pond to london where the sta

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this is ge profile smarter wash technology. fully optimized cleaning, no more guessing. aning. this is ge profile. shh! stealth mode? yeah. [cricket sounds] shh! shh! [light switch clicks] don't pta meetings end at nine? -it ran... late. -oh got lost. the lexus rx built for modern families. ♪ ♪ this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. >>> we'll see about the 1250, 1300 loss we saw yesterday meantime elon musk weighing in on a fed question. a tweet reply in a chain started by cathie wood she tweeted a few days ago talking about inflation in the pipeline citing decline in prices from covid peaks, gold, copper, lumber this morning she followed up, dropped 2.5% is he talking 0 .25 pay sis points >> 25 basis points look that's the c

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this is ge profile smarter wash technology. fully optimized cleaning, no more guessing. s smarter cleaning. this is ge profile. >>> we are nowin the "closing bell" markets. cnbc senior market commentator mike santoli back to break down crucial trading day and diana olick along with everything we're seeing in health care. mike, back to you. nice comeback in the final hour of trading what's causing it. >> treasury yields were in off their highs from the morning the market did get some traction there. a monday after a friday options expiration, sometimes you get a little relief there. also, the general sense out there, we also had a late day rally on friday that folks are underpositioned in stocks. we had this nice slide into a fed meeting. squaring up means buying as opposed to selling i think all those things together probably account for it we're still knocking around thoos levels a lot of bulls were hoping we're going to hold even slightly higher i think it mostly says that people didn't have a huge urgency to sell. >> yields -- we made new highs, highest since 2011 on t

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this is ge profile smarter wash technology. fully optimized cleaning, no more guessing. file. welcome to ameriprise. i'm sam morrison, my brother max recommended you. so my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors the garcia's, love working with you. because the advice we give is personalized. hey john reese, jr. how's your father doing? to help reach your goals with confidence. my sister told me so much about you. that's why it's more than advice worth listening to. it's advice worth talking about. ameriprise financial. (vo) with their verizon private 5g network, associated british ports can now precisely orchestrate nearly 600,000 vehicles passing through their uk port every year. don't just connect your business. (dock worker) right on time. (vo) make it even smarter. we call this enterprise intelligence. >>> welcome back to "power lunch" and welcome back to manhattan for many office workers. last week's numbers were the highest since the pandemic began. it's

we've got that for you this is laundry that's smarter than the dial, with ge profile smarter wash technologyre care for your cashmere. more power for your workout gear. this is smarter sensing and dispensing. fully optimized cleaning, no more guessing. getting the best out of everything that goes in. ♪♪ this is smarter cleaning. this is ge profile. salute to veterans patriot day terry bradshaw: hi, i'm terry bradshaw this is smarter cleaning. rocky bleier: and i'm rocky bleier. col. greg gadson: and i'm col. greg gadson. terry bradshaw: on this patriot day, our heartfelt thanks, to all of our military veterans for their service. col. greg gadson: we honor our veterans, and those who are no longer with us. rocky bleier: to all of our military serving around the world, thank you for defending the many freedoms we enjoy. terry bradshaw: tune in to salute to veterans for discussions about the issues our military veterans face daily. salute to veterans presented by sap, navy federal credit union, verizon, visit us online at www.salutetoveterans.org >> 90 minutes left in the trading day and we wan

this is laundry that's smarter than the dial, with ge profile smarter wash technology. ashmere. more power for your workout gear. this is smarter sensing and dispensing. fully optimized cleaning, no more guessing. getting the best out of everything that goes in. ♪♪ this is smarter cleaning. this is ge profile. >> welcome back, everybody, to "power lunch." we want to take a check on the markets with stocks at session highs right now and for that, let's go back to bob pisani. bob? >> hello, tyler, trying to snap a three-week losing streak and we're up 3.7% for the week the lowest print was right at the open on tuesday. we were below 3900 at one point and basically it's been a slow climb up ever since then one thing helping lower china inflation data this morning, and that helped all of the european and asian markets on top of that we had some decent tech earnings today. so we had docusign, zscaler came in and that gave a nice lift to the speculative stocks that are out there, and speculative tech stocks and block, zoom video and tw tw twilio and the kathie woods stocks the

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this is ge profile smarter wash technology. fully optimized cleaning, no more guessing. >>> coming up, savita subramanian, and check out the shares of oracle, the big tech company posting earnings below wall street expectations "squawk box" is right back ♪♪ hey dad, i'm almost out. i got you. any questions, chris? all good, thanks maura! there you go, one new inhaler! nice did you get my refill too? maybe [door bell] here you go, sir. you're a lifesaver. have a nice day. healthier is managing all your family's prescriptions in one app. cvs pharmacy. healthier happens together >>> welcome back to squawk b of a securities head of u.s. equity good morning to you. you want to talk cpi, where you think this equity market is headed at this point >> let's talk cpi and the mark so, you know, i think our expectations for the print today are b of a is calling for 8.2% i think consensus is 8.1 that is still a lock ng ways awy from the target, 4%. i think we need to think about the idea that it might take a while to get back down to what we would expect to be a normal inflationary en

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we'll trade them in today's three-stock lunch. with ge profile smarter wash technology.care for your cashmere. more power for your workout gear. this is smarter sensing and dispensing. fully optimized cleaning, no more guessing. getting the best out of everything that goes in. ♪♪ this is smarter cleaning. this is ge profile. cathie wood's flagship etf seeing $8 million in outflows in the month of august, that's the highest since september of 2021. that etf is down 55% this year as its top holdings plunge from their year highs tess is down third 30% from its high roku down 85% from its high and zoom coming off one of its worst months early let's bring in matt maile to trade these names. why don't we start with tesla. phil lebeau was on the program last night and said nobody wants sedans anymore, but they're selling a lot of tesla sedans. >> they are, tyler and the thing is the production -- it was just a few years ago we were going they're only make like 15,000 cars they're going to produce 2 million next year. and so that's definitely a positive so it's more of a hold fo

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this is ge profile smarter wash technology. fully optimized cleaning, no more guessing. s ge profile. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq - common percy! - yeah let's go! on a trip. book with priceline. you save more, so you can “woooo” more. - wooo. - wooo. wooooo!!!!! woohooooo!!!! w-o-o-o-o-o... yeah, feel the savings. priceline. every trip is a big deal. welcome to a new week on wall street futures pointsing higher ahead of monday's open stocks just snap as three-week losing streak. ahead of this week, critical consumer and producer price inflation. in just a few minutes we'll speak to a key member of the white house of council of economic advisers. >> and advertising in the metaverse. you knew it was coming we'll ask the ceo of roblox just what it's going to look like the final hour of "squawk box" begins right now ♪

this is laundry that's smarter than the dial, with ge profile smarter wash technology. ere. more power for your workout gear. this is smarter sensing and dispensing. fully optimized cleaning, no more guessing. getting the best out of everything that goes in. ♪♪ this is smarter cleaning. this is ge profile. >>> good morning intel ready to break ground in ohio we will have an exclusive interview with ceo pat gel singer ahead of today's big event. >>> a deal in crypto land. ftx taking a stake in anthony scaramucci's sky bridge capital. we will speak about this deal and the future of bitcoin. plus senator rick scott on inflation, the president's economic agenda and u.s.-china relations. the second hour of sk"squawk bo" begins right now >>> good morning, and welcome back to "squawk box" right here on cnbc. we're live at the nasdaq market site in times square i'm andrew ross sorkin with becky quick and joe kernen take a look at the dow nasdaq up. treasury yields as well. right now you're looking at the ten-year note. we'll talk to clarida about this in a moment. but at 3.260 a

this is ge profile smarter wash technology. fully optimized cleaning, no more guessing. file. >>> welcome back to "squawk box. want to head out to san diego this morning where the one and only joe kernen joins us a very special guest from the latitude conference. nice to see you, joe it's 5:35 in the morning on the west coast >> yeah. that's okay. that's okay. it's about the same as home. we have -- talking about solve, we have solved a lot of problems just leading up to this interview. the total economic of the latino community was $2.8 trillion according to the most reeccent data that was from 2020 that was the covid year. that, still, equivalent to the fifth largest economy in the world, larger than the gdps of the u.k., of india or even france talking about more on the economic influence of latinos in the u.s., let's welcome saul trujillio. we're in san diego thanks for joining us. first let's just talk. -- >> let me say good morning welcome to the west coast, joe. >> welcome to both of us, joe. >> the numbers you would have thought could have been impacted negatively

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