querying hindenburg asking for information. where are we on the investigation on this? pierre: interesting notes. supreme court has given clear-cut choosing that there is no scandal. after that, when parliament was in session, hindenburg has clearly put out another thing saying the investigation was not looted. -- was not concluded in a fair manner. they have expedited the investigation and that is why hindenburg will have enforcement action and hence they are retaliating with this kind of allegation. it could be interesting to see where they will be heading and what the government will tell. we are not expecting more clarification but we will get more disclosures from government . paul: we will have more on this later in the hour with a member of parliament. let's get more with ill lilan li -- eli lilly investment manager. i'm sure you are familiar with the story and the allegations against the regulator. does this sort of thing, is this likely to change appetite? guest: i doubt it. this is not a first time we have been true s

the latest allegations by hindenburg research ahead the latest allegations by hindenburg research accusetor, the securities exchange board of india, of having links with offshore funds also used by adani associates. it is also important to point out here that there is no direct evidence given of the investment having any links to a adani's stocks or any quid pro quo. having said that, the head of india's market regulator issued a statement denying any kind of conflict but did admit to having a small share in those funds. but this has been enough to blow into a massive political controversy, with india's opposition parties demanding a parliamentary investigation and, in fact, for a very long time, opposition parties have said that the meteoric rise of at adani is thanks to his proximity that the meteoric rise of adani is thanks to his proximity to prime minister narendra modi. an allegation that both the bjp and the prime minister and arranger and the prime minister and modi, have always vehemently denied. and even in this case the group issued a statement calling the hindenburg report mi

and even in this case the group issued a statement calling the hindenburg report mischievous, sayingator investigated all claims in the past and found nothing. but you will remember that last year, hindenburg research accused the adani group of market manipulation and fraud, which led to a wiping out of market capital worth over $100 billion of the adani group. what we saw on monday was also a adani's stocks trading down at about $9 million so clearly this is a controversy that is here at about $9 billion so clearly this is a controversy that is here to stay and dominate headlines. in other news: tensions in the middle east have led some airlines to extend their suspensions of flights to several countries. air france and its subsidiary transavia france have cancelled flights to beirut until at least thursday. germany's lufthansa group — which includes austrian airlines and swiss — is avoiding tel aviv, tehran, beirut and amman until at least august the 21st. it added that it would avoid using iranian and iraqi airspace until the same date. there's been another reprieve today for one

vonnie: another win for hindenburg.erday investors were not -- brody: i'm sure they're doing cartwheels right now. vonnie: that's brody ford. turning to abercrombie and fitch who boosted its forecast and beat on earnings per share pretty substantially but the stock down as investors raise the bar for the retailer's outlook. for more let's bring in mary ross gilbert. i looked at the results and thought wow and looked at the stock reaction and thought what do investors want? mary: sometimes that can happen and days later you could see the stock reverse or maybe months later. in this case, as you pointed out, they've had a nice run-up this year, still up over 50%. but if you look back over the last couple years, you're talking many multiples up and reflects the strength of the brand but if you look at consensus expectations going forward, they're looking at more tepid increase in sales because how can you keep posting double-digit increases on double-digit increases and we've seen comp sales up 18% which was pretty strong

hindenburg alleges basically again supermicro?think was here with the accounting issues is the general idea of recognizing revenue to early. it is worth noting that supermicro didn't say exactly what's delaying this pride they look into the processes around the reporting, it's a lot of jargon. which personally may be a little anxiety inducing for investors is they said we have not updated our financials. they did not say we will not. in other places we see companies saying we do not plan to update our financials. so they left that a little bit open which is driving the palpitations. caroline: palpitations which back in 2020 result in an investigation of the sec with accounting and disclosures. too much deja vu. push us forward because you don't just cover the stock you cover a multitude of autodesk. and what's happening with salesforce. salesforce is also trying to announce. brody: while nvidia is making money from ai, salesforce, poor old rest of the software sector saying don't forget about us can make money from ai as well. tha

we ask one of its next generations to believe the hindenburg short seller. >> very stressful and toughme. emotions were high. i can't believe you corporate types are still calling each other rock stars. you're a rock star. we're all rock stars. oooo look look at my data driven insights, i'm a rock star. great job putting finance and hr on one platform with workday. thank you! guys, can you keep it down. i'm working. you people are (guitar noises). hand over the air guitar. i've got another one. tom: welcome back to bloomberg daybreak: europe your get more now and our exclusive series on the next generation of leaders being groomed to run india's $213 billion adani group. jake adani is the youngest son of the conglomerates founder and heads their air force and defense businesses. the 26-year-old was a relative newcomer when short seller hindenburg's allegations of fraud it last year. how it impacted him and his family. >> the youngest son of an indian billionaire. as part of the tycoons succession plan, the 26-year-old engineer is overseeing the running of seven airports across the coun

and we speak with the man running the adani group energy business and the impact of the hindenburg research allegations. >> from our viewpoint this report was nothing but a cumulation already -- but an accumulation of everything that had already been alleged. and presented in a way that was explosive and shocking. >> time to look at markets. most risk on an avril hong is in singapore. another impressive reversal in japan. >> we are seeing the rebound continuing in the rest of the region but most notably in japan and this is against the backdrop of what we got from the deputy governor of the boj saying they will not hike rates in the face of markets being unstable and this comes one day after a three way meeting between the boj, finance ministry and financial services agency. the readout from the meeting did not help placate markets but it is the words also cheated that seem to be what markets are hanging on and japanese equities today they flipped from losses to gains against the backdrop of those comments. dollar-yen moving almost 2% given that it is quite flat in the mainland indices but

yesterday, when hindenburg, that research firm that puts out long reports as to why it is short a stockdid just that on super micro, which pressured the shares. although they did come back, at least the last i had looked. i'm not sure how they closed yesterday. it had been down a lot, but it rallied. you can see, though, timing is everything. this morning now, completely, perhaps, having nothing to do at all with hindenburg, though it was alleging certain accounting issues, i believe, it's fair to say. >> very serious. >> they do say, "additional time needed from management to complete its assessment of the design and operating effectiveness of its internal controls over financial reporting." that's as of the end of june of 2024. they haven't made updates to its results for the fiscal year and quarter, and therefore, they are delaying their 10k filing for the fiscal year. >> i think if you go over hindenburg's -- the incredible work that he's done, and i want to immediately contrast that, because they have been on twice, with the jpmorgan defense of it. you come up with something that s

hindenburg praised hitler when he simply killed his competitors, the stormtrooper commanders.e approved the creation of the ss. the seriously ill president was not thinking clearly and once even accepted his appointment as kaiser, your majesty addressed him. after his death, the army swore allegiance to hitler personally, and not to the country or the constitution; a referendum was held on that day. about the transfer of presidential powers to the chancellor. and almost 90% of the population answered yes. hitler was proclaimed fuhrer under the slogan one people, one empire, one leader. he received absolute power, and germany moved forward along the path of the most brutal terror of nationalistic madness, which led to its complete collapse. on august 19, 1960, a soviet rocket sent belka and strelka into orbit. the first living creatures to visit space and return safe and sound. mongrel dogs were chosen, and mongrels for their endurance and unpretentiousness, there were others criteria: weight no more than 6 kg, height up to 35 cm, light color, so that it is better to observe th

they get this report from hindenburg research. neil: -- stuart: watch out of hindenburg comes after you. i start with amazon. travis kelsey. lauren: nfl players, travis, jason kelsey signed a podcast deal with amazon for one hundred million dollars according to the wall street journal. amazon knows where the money is. who is travis kelsey doing? 100 million is a lot of money. stuart: mediterranean fast food up recently. lauren: the largest shareholders filing to share, after the record surge. one of the sellers, $25 million. stuart: donald trump claims kamala harris is trying to get out of the abcd betas the two campaigns argue over debate rules. >> we agreed to the same rules, doesn't matter to me. the agreement is it would be the same as it was last time. it was muted. didn't like at the last time but worked out fine. we agreed to the same rules, same specifications. that is what it should be. they are trying to change, she doesn't want to debate. not a good debater, not a smart person. he doesn't want to debate. stuart: as usua

all the investigations that the hindenburg report has made his disclose, whether in our annual reporthether in our bond issuance, or whether it is in any of our ipos as well. if you remember before there were two ipos which we did. one was the demerger for a adani. in the second was the ipo. and we have certain issues going on. >> your father built one of the largest in the region. when the transition happens, for you to step into it -- into his shoes, those are pretty big shoes. out go about it? >> we realize what they are leaving us behind is a sort of a legacy. not just a business, but a platform. which we have to protect and ensure we pass on to the next generation. we also talk about the way he's looking. who we work on our strengths and whatever we have learned from it on all the wisdom, we will try to work on it from a day-to-day basis. >> it differentiates the group from many others. and now it's a key part of it. why are we saying that in the second generation? >> this is the evolution of life. you have grown from nothing. your risk appetite is much higher. even if you lose e

we will ask about the hindenburg short seller allegations. >> i think it was definitely a stressful and tough time. emotions were high. paul: let's check in on how markets are phasing -- bearing. stocks and japan are back in the green. avril: seeing a bounce after starting the day on the back foot. declines of two point 5% on the nikkei and those were coming against the backdrop of what we saw on wall street after a week treasury auction given how low yields were. there was very little appetite for treasuries and that is what set sentiment in these u.s. stocks, we saw major indices closing lower, u.s. futures picking up slightly but we are also keeping a watch on what we see on the yen as we see it erasing the gains from earlier in the session. relatively weak still. the offshore yen is one to watch as we got it at 7.08 not long ago. the pboc and fed expected to ease but it is interesting how the fed could ease more is -- more aggressively. today we got the pboc coming through with the fix that was above 740 for the first time since november last year. this signals to us that may be the

hindenburg, accounting manipulation.inted to some red flags over the accounting. it's unclear if the delay in supermicro's annual report is related to hindenburg's findings and a new stake. but those shares are up an additional 3% in the market trade. taking a look at the job market, the ten-year holding steady, the yield 3.82%. the two-year, 3.86%. checking on oil as pressure continues on crude you have wti and brent looking at the second straight negative month. this morning, wti is off by half a percentage point. brent off by the same, and rbob the same. to the top story of the morning, maybe the top story of the week or month, shares of nvidia falling. the forecast, it gave optimistic guidance. revenue more than doubled to $30 billion but, remember, it had tripled in previous quarters. revenue from data centers where the bulk of nvidia's a.i. sales come from, rose by 150%. gross margins, they beat expectations but were down quarter on quarter. for the current quarter, the company says sales will rise about 80% to 32.

hindenburg published a paper saying adani and her husband invested.indenburg says the investments were made two years before they were appointed to the securities and board of india. the couple calls the allegations baseless. the philippine president has blasted actions by china's air force against a philippine plane over the south china sea as unjustified, illegal, and reckless. that is after a video purportedly showing a chinese plane dropping flares into the path of affair -- of a philippine air force patrol. it happens as the two sides are trying to ease maritime tensions. coming up, africa's top gold producer opens a new refinery. 400 kilograms of the new metal produced every day. the latest on that refinery is next. this is bloomberg. ♪ i can't believe you corporate types are still at it. just stop calling each other rock stars. and using workday to put finance and h.r. on one platform. tim, you are a rock star. using responsible ai doesn't make you a rock star. it kinda does. you are not rock stars. (clears throat) okay. most of you are not roc

to the leaders of the indian conglomerate as it submits a succession plan and fallout from the hindenburg short seller attack. a week of special coverage begins as we hear exclusively from a billionaire founder, adani. >> there's issues last year. the adani group had the highest performance. paul: time to check in on markets and we are seeing selling inputting much everything at the moment. avril: it looks like capitulation. there is a lot of panic in the markets and we are seeing traders reacting to the u.s. jobs report. a downshift in the american economy and the ramping up of the federal reserve's rate cut bears. we are also seeing the japanese equities bearing the brunt of the selling today. 20% off from the peaks we saw in july and if you wonder how much further there is on selling, consider the pandemic extremes where they last about 30%, so might be further room for these declines. amid all this, the yen, the yuan, they are rallying. take a closer look at what we are seeing as this stock selloff accelerates. the bonds are rallying across the curve. take a look at what we are seeing

radio reporter herb morrison was describing the graceful arrival of the zeppelin hindenburg at lakehurst new, when suddenly none of the black and white gathered together, not even by that impression. that's right. terrible. all right, get out of the way. made it funny. four years later. radio reporter john daly made this shocking announcement. we interrupt this program to bring you a special news bulletin. the japanese have attacked pearl harbor, hawaii, by air. president roosevelt has just announced that. december. seventh, 1941, a date which will live in infamy infamy. during the war. radio rose to new heights, proved it was indispensable with a reports from the battlefronts. it demonstrated it to not only how big its scope, but also how big its heart. these british children were sheltered in the united states during the war, a notion away from their families. but radios spanned that ocean and. hello, ma'am. hello, darling. do you think you've got on? and who do i know? did she? yes did you get the cable of the present for your birthday? yeah. after world war two came cold war. the thr

i'm really dismissed claims by a us from that she's guilty of a conflict of interest. hindenburg research alleges that she invested an offshore funds, a link to one of india's biggest companies, the a dining group that can go over it for its part has also rejected the claim of the latest allegations by hindenburg and malicious, mischievous and manipulative selections of publicly available information to arrive at pre determined conclusions for personal profit, tearing, with wanton disregard for facts. and the little we completely reject these allegations against the dani group, which are a recycling of discredited planes that have been thoroughly investigated. proven to be baseless and already dismissed by the honorable supreme court in january 2024. the new allegations come off. the hindenberg also published last year, a report accusing the india and a company of financial irregularities and stock market. i mean, if you nation the claims lead to a shop full and the value of a dining shares. and following this india supreme court director of the indian stuff market regulated to carry out

the move followed a new report from the us hindenburg research which accused the boss of the capitalflicts of interest that prevented an in—depth approve of the fraud allegations. the enterprises will become the largest shareholder of britain's bt group after buying a 25% stake in the company, which belongs to the telecoms tycoon whose group has been struggling with high debt levels. the acquisition cost roughly $4 billion with the telecom giant saying it has no plans to buy the rest of the uk company. india's retail inflation fell below the target for the first time since 2019, prices rose 35% injuly, slightly below the target of 4% and like most of the world, india has been trying to combat high inflation. the country's cost of borrowing rate currently sits at 6.5%. that is if it is there for this edition of business today, from singapore, thank you for watching. hiya. i'm betty with the catch up. tonight — miley cyrus is a legend, water on mars and a flamingo adoption. a man who fatally stabbed three people in nottingham last year was identified three years previously as a potenti

us short seller, hindenburg research, has made some new allegations against the head of securities andhabi buch. according to the firm, buch and her husband are holding offshore funds in bermuda and mauritius that were also used by the adani group. the allegations call into question potential conflicts of interest, as the regulatory body that buch heads is currently investigating the adani group for corporate fraud. buch, her husband, the indian regulator, as well as the adani group, have denied the allegations. walt disney experiences division laid out an ambitious growth road map over the weekend, as it tries to drive customers back to its theme parks. the company announced plans for four new cruise ships and six new theme lands, including one dedicated to new disney villains at the magic kingdom in florida. disney has seen slowing attendance at its domestic theme parks, as customers cut back on spending — a trend it expects to continue over the next few quarters. speaking of disney — "deadpool and wolverine" made box office history on sunday — becoming the second film this year to h

short seller hindenburg research saying it had a short position in the server maker.3%. >> who will be able to tell us what the 10-year yield is doing, rick santelli and tell us about the consumer confidence data that's just crossed. rick. >> yes. well data hitting the wires now, but not all of it, the headline for consumer confidence from the conference board expected to be around 101 or slightly lower. comes in better at 103.3. that's the best, well, since february of this year. in the rearview mirror we see a subtle revision from 100.3 to 101.9. present situation, expectations, don't quite see them yet. my apologies. now let's go to manufacturing and service, shall we? from therichmond fed, if you look at manufacturing, minus 19. we were expecting minus 14. what's notable here is this is the weakest since may of 2020. it's the tenth consecutive negative month in a row and we've now only had two positive numbers in the series in the last two years. if you look at the service side, really not much better. we now have 30 consecutive months that are negative in a row a

yesterday hindenburg research said there was accounting manipulation and the company has to respond tot's a big decline, stock is double this year. it's a high fire, a ipo way, nvidia is a customer but when hindenburg goes after you, you have a problem. stuart: berkshire hathaway. lauren: the first non-tech the us company to hit the milestone and happened two days before warren buffett's -- happy birthday a little bit early. stuart: trillion dollars. lululemon. lauren: stock is cut in half. analysts say you don't have to be everything to everybody. cater to who your core customer is. expect sales to increase by 9%. that slower than it has been. stuart: iran's supreme leader said he's open to renewing negotiations, talking with the us over tehran's nuclear program. is that a retreat by the iranians? retired general keith kellogg deals with that. ukraine hopes to get biden's blessing to strike russian targets with american long-range missiles. we have that next. ♪ clem's not a morning person. or a night person. or a...people person. but he is an "i can solve this in 4 different ways" per

for the next 10 years, there are many opponents of hydrogen who immediately... give examples the hindenburg airship, they show these shots of it burning, naturally, it looks very scary, and people are afraid of it, well, in fact, hydrogen evaporates when it leaks, it is a very light gas, it rises up and practically does not concentrate below us, where we are, in my opinion, in this case, hydrogen is even safer, then we will have other oceans, but already in the second... of our current investigation, research. it is not the first time that antonina has rented out her real estate on avito cozy apartment, so she knows how everything will spin. avito real estate, rent out where she is looking. a loan with cashback from sber is even more opportunities, the amount is up to 30 million rubles. apply. 5 minutes in the application and receive monthly cashback with sber bonuses . thank you, vtb brings us rubles, cashback up to 25%. plus one category of cashback for transferring vtb from other banks, vtb, everything will work out, megamarket, buy t-shirts , we buy t-shirts here, we often sit and don't

hindenburg research accused the adani group of pulling off wha

questions investors still have about allegations made against the group last year by the short seller hindenburgave denied. grexit 150 billion other way about have been -- happened in the group's wealth or the family's wealth because all of this was very low i am assuming. chris that is a perception that is very different from reality. at that point in time i would say this report came as a shock to many people who were not expecting anything of the sort. our viewpoint, everything that was alleged over the last 10 years, it was very beautiful gift wrapped and presented in a way that was explosive and shocking so to speak. this would deliver the best results the group had ever delivered. this focus is on the and sustainable energy and with the cw push towards that, what we do would be a very small proportion. >> in-line -- in light of the government's projections, what is -- not this is the gradual ramp down. we have a lot of assets and obligations. those contractual obligations need to be met. it is completely independent. with the cash flow that company generates, that completes its independent

hindenburg research accused the adani group of pulling off what it called the largest con in corporatee adanis denying the allegations of stock

micro shares closed lower after hindenburg research disclosed a short position and accused them of red and sanctions failures. a spokesperson says the company does not comment on rumors. revenue at klarna jumped with adjusted profit. there one of the most anticipated up-and-coming ipos when it comes to ai replacing jobs. bots are conducting two thirds of all interaction equaling 700 full-time agents. you can buy zepbound for half-price through lily's all hands on deck effort to ramp up supply, setting the tone with competitors like novo nordisk. on your agenda as well in the day ahead, mortgage applications not usually tradable but seeing whether the consumer is picking up on lower rate cuts. we will let you know at 12 p.m.. opening ceremony for the paralympics. nvidia earnings after the market and catherine man from boe to be hitting the wire as well rafael bostic on the opposite spectrum, vouching for a cut with jay powell. we will dive into those details. coming up, the paralympics opening ceremony begins in paris seeking to continue the magic of the olympics. we speak to the deputy

in the last two years since the hindenburg report has it hindered the plans implementation?kes family more together and work very hard in fighting back. and i definitely believe you will see that this incident will be a great opportunity for family unity. secondly, they work hard and working on the connections in each and every aspect of the business that we have to do. the adani group history is high-performance. >> your company's strategies and priorities -- is there something that will continue? >> i strongly believe [ indiscernible] you always get the tailwinds and not that headwinds. and that helps the group to grow faster. >> that strategy has meant the adanis controls big chunks of india's infrastructure. so the decision on how the adani group will be managed in the future will have ramifications beyond the conglomerate and the family. >> tell us about your succession plans. what steps are you putting in place to ensure this goes smoothly for the investors, the family and the company. >> succession is a very important -- is very important for the business sustainabili

you've got super micro computer, the ig best drag now, following a report from short seller hindenburgearch, claiming among other things, that there was accounting manipulation at the server maker. right now shares of super micro are off by 2.5%. and there you're seeing some of the other big movers of the morning. as we continue to track the rotation out of big tech, we're looking at financials an consumer staples. both of those sectors are up at about 8%. you're looking at names like jpm jpmorgan, american excess, walmart, costco, and coca-cola sitting at fresh highs and really helping to drive those gains. this morning the biggest mover is walmarts up by a quarter of a percent ja now what's being touted the most critical event for both the tech sector and broader market, nvidia reporting second quarter results after the close today. it continues to rake in money thanks to its dominance in ai chips. on its last earnings call, they projected they would see $28 billion in revenue and margins of 75%. if it hits that, it would more than double revenuier on year and quarter to quarter grow

this is after hindenburg research on the company and hindenberg accused them of accounting manipulationng a host of other problems. and kids heading tock baa class and fox business focusing on education in america. should cell phones be banned in school? we have a live report. we're also showing you how samsung is incorporating ai into the all new classroom smug board and of course i want to remind you to tune into the big money show as well. brian burg, jackie deangeles and i each day show up at 1:00 p.m. eastern and here on fox business. we'll be right back. ♪ things can transform. slipping out of balance into freefall. (the stock market is now down 23%). this is happening people. where there are so few certainties... (laughing) look around you. you deserve to know. as we navigate a future unknown. i'm glad i found stability amidst it all. gold. standing the test of time. taylor: breaking news, greek flag oil tanker in the red sea is laning oil according to the pentagon. loaded with 42 million gallons of oil and represents a major environmental problem if a total spill occurs. yesterd

this a day after hind hindenburg research closing and aaccounting manipulation and losing a quarter of today. on the morning of the report and major customer and nvidia setting the tone. >> there's reputation and it's in the area. stuart: major company going after them and they succeed. it happens a lot. lauren: forces changes. stuart: casinos. lauren: it's down 15% in july from last year and statewide see mgm and cesars and sands all down. lauren: then okay, you go up and see it and casinos go cold. stuart: 15% decline, that's a lot of decline. okay. jm shmuckes. lauren: they cut end sale and forecast and customer is cost conscious and trading down, cheap reer folgers coffee and snacks and customer is watching wallet and trading down to cheaper brands. stuart: thank you, lauren. new poll in the wall street journal shows most people think the american dream is out of reach. they're losing hope about ever owning a home. jd vance raising concerns about social media and the press. >> these companies are too big and too powerful, especially the ones that censor the american people. stuart:

and that's coming after the scale scathing attack from hindenburg last year.d that adani will be exploring opportunities in the copper business as well. and adani also looking at selling off portions of its business as well. data centers green hydrogen, consumer goods division that might be sold as well. i beg your pardon it's just the consumer goods division that is being listed. next week, we're going to have a special in-depth coverage of the adani group. we will be speaking exclusively with asia's second richest person as he oversees what's turning into a real like succession story. we'll see who he has handpicked. concerning india's economy. we will have a special report. let's take a look at market checks more broadly. and yeah, red is the theme of the day. we're seeing some pretty heavy second. the topix entering correction. it's down 10% from its july peak. right now down 4.6% on the day. it's now just below its 200th day moving average. so we'll see a major support lines hold from here. tech particularly bearing the brunt of the -- baring the brunt of

we do have a situation where hindenburg, the short now accusing the regulator chief of a conflict ofest. it is strenuously denying that. adani itself also calling those allegations baseless and we are seeing a little bit of a rebound the was the group of companies today. plenty more to come. this is bloomberg. ♪ paul: india's banks are expanding into new geographies and business is driven by a nationwide burn back of her strong time of economic growth. but the pressure to deliver has yielded worrying effects from the world's worst attrition rates for bankers. for more, let's bring in our south asia economy editor. thanks for joining us. i was just wondering if you could describe some of the pressures and i'm told a little bit about that attrition rate the indian bankers of face. can you hear me ok? can you describe some of the pressures in the attrition rates that india's bankers are facing? all right, we seem to be having some difficulty contacting our economy editor. we will try to get back there if we can. but here are some of the top orbit stories we are following. bloomberg is w

it's almost like blaming an air a crash today on the hindenburg disaster. this is insane. anybody would take her seriously when she tries the blame donald trump for the current economy when he hasn't been in office in almost four years. i mean, my gosh, that's giving him a lot of credit for power i bet he didn't even know he had. [laughter] elizabeth: interesting. yes, he's got interesting power that he can affect the economy four years later without making policy. let's talk about this, you know, we checked her speeches, her campaign ads. kamala harris is not campaigning on bidenomics, she's not campaigning on the economy. she's avoiding any campaign ads with her and joe biden. you know, all those biden rules and and taxation threats and regulations, a smothering pillow of mandates really hanging up the u.s. governor, just sit tight. i've got to go through the numbers for the viewer. may and june numbers revised down by 29,000. that's the 6 19th straight month of the -- 16th straight month of of numbers getting revised down. more than a million less jobs than initially re

this, a day after hindenburg disclosed a short position in the stock, alleging accounting manipulation and sanctions. this is serious stuff we're talking about, dan. >> yep, no doubt about it. guy and i were talking about it earlier. there's usually only one cockroach in the kitchen. so, when you think about what's going on here, this stock got caught up in the hype. we were talking about it yesterday, but we were talking about it a few weeks ago when they reported results. i mean, the decline that they had year over year in their gross margins from 17% to 11% and the competition that they have in dell that has 22% gross margins, you say to yourself, okay, if these guys have been cooking the books and they've been doing funku sy stuff, mayb dell -- i don't mean accounting issues, i mean, as far as what the sort of demand for their server are, because one of the accusations here is that they've been stuffing the channel to make their numbers. so, if you have a main competitor that is stuffing the channel, that means there's less demand than you might expect. so, to me, i just think that

hindenburg right, there was a filing overnight, your thoughts on that?he server makers are in a great position to solve that problem. they can subsequently charge more when their servers drive down a.i. power costs. super micro, dell tomorrow, these guys are in a great position as we move into blackwell. charles: in that case they look like screaming buys they both gave up a lot of ground. beth, you're fantastic. you made our viewers a lot of money. >> thank you. charles: folks, do this, take a look at the screen there, the "the price is right, the showcase. it had a brand new car, a trip to las vegas, 500 silver dollars. tweet me your best guess, how much do you think it cost? we're getting amazing guesses in here. we're covering that, a whole lot of other top picks, two of my favorites, rebecca walser, emily compagno. it will be a hell of a panel after this. ♪. chase freedom unlimited. so, if you're off the racking... ...or crab cracking, you're cashbacking. cashback on flapjacks, baby backs, or tacos at the taco shack. nah, i'm working on my six pack.

flying from rally to rally and inspiring, you know, this growing fascist movement while his rival hindenburg, was really old. and doddery and could barely make it to could barely make it do a public interview, let alone a public event. no parallels with the current. you america situation. oh, there. and anyway, that's too. but but but delmer goes with hitler and he sees close up how and that gives him just unparalleled insights and when the war starts. he first like like everybody else who wants to help in the war effort. he goes back to britain and he gets recruited by the german service of the bbc who are, you know, they're a bit like the washington post today or something they were like they were like preaching germans about how democracy dies in darkness, how fascism is evil, how hitler is a bad, and how germany should dream about its democratic future. it's 1941 and it's like, i think this is not going to work. you he what he would say is that the bbc, this is the german services broadcasting in german to germans. he'd say it's sort of stuck in its own echo chamber preaching to the conv

and then super micro computer shares still sliding following that report by short seller hindenburg thats down in the early morning trade. >> contessa, thank you. did you change? >> i just threw on a jacket. it's so cold in here. >> i was going to say. i like it. jacket works well. >> thank you. >>> let's get a final check on the markets right now. i was paying attention. >> don't change, contessa. >> we love you just the way you are. dow futures down slightly. s&p futures basically flat. nasdaq, they're all basically flat. we're waiting to see what happens with nvidia. we'll also see you back here tomorrow. that does it for us today. now it's time for "squawk on the street." ♪ >>> good wednesday morning, welcome to "squawk on the street," i'm david faber along with jim cramer. we're live from post nine at the new york stock exchange. carl has the morning off. let's give you a look at futures. jim and i like to call this humpday. being a wednesday. it's also nvidia day, of course, if you haven't heard already. half the bell, we're going to get the earnings from that bellwether. our road

. >> super micro down hindenburg accused they feel of accounting irregularities.ose issues. >> it was down a lot even before. >> it was down before. >> like 1,200 a share a while back. >> which do you really believe? which one of your arguments? >> well, i feel like i want to believe the first one, but i actually kind of believe the second one because that's -- >> still not incapable, nvidia has a certain exceptionlism to the now. percentage of overall hardware capex spend nvidia is consuming in this segment. similar to, like, ibm at the peak of mainframes and cisco at peak of the networking booming. at some point you wonder if the whole market fills out and diversifies? >> i remember covering apple 15, 20 years ago. more like 15, maybe, on the way up. thinking, how many -- how many ipods would they have to sell to justify -- it's like, an impossible number of ipods. it wasn't an impossible number. didn't see the iphone coming. you have to look at what this enables people to do. speaking of -- it's late august, which means were she a birthday. >> thought it was yo

two or three days that the dude that predicted the sinking of the "titanic," the downing of the hindenburgs going to crash, and the economy is going to go under. so, again, nobody knows for sure what's going to happen, but at least right now, these numbers suggest that things are slowing down the way policy makers have wanted them to slow down. >> and a couple of the numbers that stand out as we look through this report, which, as we say, is very impressive in terms of bringing prices down, hopefully for families, rent is beginning to cool a little bit. obviously, home prices and rent have been a big concern for a lot of people. it's a really hard time to pie or sell a house and rent is much too expensive. also interesting to note, andrew, as i look through this, that wage growth has now beat inflation for more than a year. so for the last 15 months, wages have been growing faster than inflation. that's also good news for workers, of course. >> and by the way, that's significant. because one of the things that you heard over the last several years, especially from the trump campaign and ot

flying from rally to rally and inspiring, you know, this growing fascist movement while his rival hindenburg, was really old. and doddery and could barely make it to could barely make it do a public interview, let alone a public event. no parallels with the current. you america situation. oh, there. and anyway, that's too. but but but delmer goes with hitler and he sees close up how it works and and that gives him just unparalleled insights and when the war starts. he first like like everybody else who wants to help in the war effort. he goes back to britain and he gets recruited by the german service of the bbc who are, you know, they're a bit like the washington post today or something they were like they were like preaching germans about how democracy dies in darkness, how fascism is evil, how hitler is a bad, and how germany should dream about its democratic future. it's 1941 and it's like, i think this is not going to work. you he what he would say is that the bbc, this is the german services broadcasting in german to germans. he'd say it's sort of stuck in its own echo chamber preachin