i. melissa chad and thanks for watching and good by the . every jenny is full of surprises. we've gone all out to give you some of the right people in your northern most count the police the free time, but still very much alive. your guy to the special ed records. nice. where exactly. it was funny. i have learned a lot of our culture history travel extremely worth a visit, the a trance in tech sector, google, and microsoft announced bigger than expected revenue growth. we will look into how the hype around a i boost at the struggling tech industry. and also on the show, germany pledges billions to develop a local semi conductor production. well, here about the time when you strip makers, p. s. m. c's plans to open shop in germany. this is the only business i mother xena . welcome to the show. a tech guy ins. microsoft in google reported better than expected earnings in the 2nd quarter of this year. google parent alphabet announced a 7 percent revenue rise. microsoft earnings rows even more by 8 percent, only last year, the tech companies had embarked on a major layoff and co

i. melissa chad. thanks for watching and goodbye the can you invest money while supporting the worthy causes? like social justice and environmental sustainability? and your options are expanding a film about investments that reconcile and profit with the concept. because money isn't everything the these places in europe are smashing the records, stepped into an old adventure. it's the treasure map for modern globetrotters. discover some of us record breaking site on google maps to and now also in book form the fast grove and maximum profit. the traditional path to prosperity, but now skeptical voices are growing louder. and one, obviously, some point i got the feeling that the return was the top priority line. anything else was very far behind. i just didn't want to be part of that anymore.

for the program, i, melissa chad and thanks for watching and good by the there's no, i'm just trying to have a site to make the right decision to dw and, you know, follow the a tray, i'm from the tech sector, google and microsoft announced bigger than expected revenue growth, we will look into how the hype around a i boost of the struggling tech industry. and also on the show, germany pledges billions to develop a local semi conductor production. we'll hear about the taiwanese put makers, p. s. m fees plans to open shop in germany. this is the only business i mother xena . welcome to the show, a tech guy and microsoft and google reported better than expected earnings in the 2nd quarter of this year. google parent alphabet announced a 7 percent revenue rise. microsoft earnings rows even more by 8 percent, only last year, the tech companies had embarked on a major layoff and costs cuttings free. since then both have invested heavily to develop and deployed a i tools into some of their core products. for more on this, i'm joined by it's called to on wall street games. what role does the

i think it is very concerning in terms of we don't serve you opportunities that it opens up. melissa: i agree. one thing i was going to add which is probably a good transition to the next case we are going to talk about. in terms of consequences for the scriven nation laws, i'm going to talk about the affirmative action places next. it will be interesting to see what implications it might have and what applicability it may have to discrimination walls more generally -- discrimination laws more generally especially if they can be interpreted broadly to include a specific number of businesses that touch on speech issues. this is one of the few decisions that only have two opinions that came out of it. one of the products of that is it is a pretty broad decision and we will see what the implications are. i imagine for years to come on this one. i will use that as an opportunity to segue into the affirmative action cases which is the next set of cases we were going to cover or that i am going to cover. this is another of the big ones of the term. some may say the most important decision

i am melissa lee. a mixed job report closes out a losing week for the market as investors fear that the fed might return to hiking rates. all this happening as a new earnings season kicks off. before we get to carter's charts what are your takeaways from the holiday weekend? >> a very light week. there are those who think there is only another fed rate hike coming up. although the jobs report today helps them feel like they are getting the job done. we still with 3.6% unemployment and inflation around 6% they will probably have to put in another 25 basis points. not that it makes that much of a different story but it resounds of what they are trying to preserve. >> i don't know necessarily they will be that hawkish. you look at some of the things they are doing and the weakness of the dollar -- unemployment rate is still good. the dollar is weaker. i think what the market is saying is that the fed will not do enough to raise rates. the market might just keep chugging higher here. maybe it's time for co

i melissa mentioned in my day job i'm a professor at the university of texas and. one of the reasons why i wrote the book the way i did actually came from this current generation of college students, all of whom are born after the peaceful end of the cold war and not criticize my students. but i started realizing that there was this growing mentality among a lot of them and a lot of other americans that, of course, peaceful end of the cold war would happen. it was almost inevitable. of course, the world would not be destroyed. a nuclear apocalypse, of course, the soviet union was weak and was going to crumble apart. but you know, some of you here in the room, maybe enough to remember the cold war. i grew up the early days of the cold war. i can i can remember it didn't seem that way at the and what i wanted to do in writing this book is to recapture for readers what the world looked and like too. president reagan and his as every day they were going into the west wing, into the oval office making incredibly difficult decisions with quite literally the fate of the wo

number of questions not just about the price cuts and the competition that is out there, but i bet, melissa, there is going to be more than a few questions about ai gee, i wonder what he is going to say >> full self driving phil, thanks phil lebeau. it almost feels right now, guy, with the stock with what it is doing, which is basically nothing in the after-hour session that it's a hold your breath moment, how they're going to talk about automotive margins x credits for the back half of the year the stock is counting on a pickup, some sort of troughing into the back half of the year >> yeah, and that's what gene talked about last night, i believe. and that's what i'm sure he'll talk about again and good for tesla, by the way they cut prices, but they were able the make up for the price cuts vis-a-vis this margin number by the fact that they've become a more efficient company, vis-a-vis the gigafactorys, their supply chains. you have to give them credit without question, as a lot of people thought, sub 17 was coming in. it did not now the question, and gene can answer this, is this the troug

in, in super quick time, like the past it popping up, but it's a chapel and it's a i, here's melissa explaining why she likes i bought boyfriends to reply to anything i send. i feel like he's always there. that's pretty good. i have a feeling that i'm really in a relationship, but i think i can still separate fact from fiction. clearly, i know that shell being is not a real human being, but at least i'm not how i used to be stupidly waiting around for a reply from this person when he was busy with other stuff and then sending him 100, we chat messages. i was super needy, but now i don't need to do this anymore. john new connect qualifies. so, but i haven't seen this i'm, i'm, i the most. i'm happy about having seen these examples, but okay, let's make a step back show we come to um, let's remember this technology doesn't come out of computer. it is by itself, this people behind is applications. there's real human beings. they have a business idea and they decide to build is and then they collect the data to be able to do with them, so cetera, et cetera. i believe a big part of the pro

i met melissa and ben through tate. >> jimmy: oh, wow. did he get invited? mmy: he was, okay, good. >> i call them the old gangsters. the og crowd was there. >> jimmy: yeah. did you and allison hit it off right away? >> no. >> jimmy: no? >> we kind of found out we liked the same guy. >> jimmy: oh, was it tate? >> i'm never going to say who it was. >> jimmy: oh, oh. now this is fun, okay. [ laughter ] was it scott baio? tv chachi? >> it was definitely chachi. >> jimmy: it was? >> no, no. >> jimmy: was it lorenzo lamas? >> how could you not like lorenzo lamas? >> jimmy: what year are we talking about? >> we're talking about -- what was on tv in 1996? >> jimmy: oh, it's a tv star. >> i didn't say that. i was saying what was on tv? [ laughter ] >> jimmy: was it harry hamlin? >> it was prince harry. >> jimmy: oh, it was prince harry, yeah. [ laughter ] >> i love prince harry even to this day. >> jimmy: sure, yeah. did you hear about his todger? [ laughter ] he's got frostbite on it, very sad story. [ laughter ] i wish that was a joke. it isn't. [ laughter ] last t

i want to bring a melissa hudson. i know i'd look you came to come up to the back of this because i am wondering if the music and the entertainment industry do they even cat? that for some kids and some women are being impacted negatively. that's good. so melissa had since last so to the extent that girls are sing primarily are exclusively highly sexualized eroticized images of young women in the media. it shapes their expectations about what their life is going to be when they mature and what's, what society expects of them. girls who consume highly sexualized media, for example, we know are more likely to suffer from eating disorders and more likely to initiate sex at a younger age are going to have more sexual partners over the course of the lifetime . they're also more likely to have it done wanted pregnancy and more likely to experience episodes of depression. can you just show a business? is it even a site to, is this really, really important that hasn't really been discussed, at least from what i've seen and the

>> yeah, melissa, i think we're in pretty good shape the trends are good.he momentum started to pick up a little bit we're seeing an improvement in breadth. all of those things are important and should be able to propel the s&p to 4,600. i will say i'm a little concerned here recently with the rise in the ten-year yield if get that above 4%, i do think that that starts to challenge the s&p 500 in terms of alternate cash flows and returns. so that's one area of concern. and then the other is just what we're seeing from seasonality. historically, the end of this month is kind of the peak for the bullishness from a seasonal perspective, and that then enters into that late third quarter, where seasonality tends to be the roughest so i think we've got a decent little patch here to continue the gains, but we have to keep an eye on those yields so i think that's a potential impediment to the s&p. >> how does that yield turn look in and of itself, jeff >> i mean, if i just take a step back and look at yields from a technical perspective, it looks like they're going

figure that out and obviously some data dependence, i think a lot of members of the fed want to do that second hike, but they'll be guided by the data. melissa? >> i'm going to ask you the same question that i asked this morning, the fed really wants to get to 2% and they're noting all the different things about the economy that remain strong, it seems like there's a long road ahead. it's not just another 25 basis points and poof, you're done i mean, housing may have bottomed, that's great, but the housing market really hasn't taken much of a stumble, if you look at the recent data and how home builders are doing. >> that's right. even the current level of home building at 1.3, 1.4 million, we've seen lower rates than that the fed has a problem with two particular areas housing and autos. both of which should be extremely rate sensitive, but autos, i think phil lebeau's been reporting, fairly robust annual sales for the most recent month. so, that's a problem, because there's some pent up demand, and a lot of pent up demand in housing, so, the fed is going to have to lean harder in two different ways one is, it could lean harder by hiking ra

melissa. appreciate you having me >> we appreciate you watching us every night. terry, i want to get your reaction -- we know you do, because you email us constantly. >> i do. >> what the fed has done, in the context of this market, does this all make sense in your mind, the levels we're at the market, the valuations we're at, the huge gains in technology with the backdrop that rates will stay higher for longer and could go higher from here? >> yeah, melissa, i think it's clear as mud, and everybody that i've known over the last several years that talked about interest rates has been absolutely wrong. everybody said the fed would raise 25 basis points, 50 basis points, 100 basis points and stop and if you managed your risk, and that's what i do, i manage risk here at cme group if you would have managed risk based on what you thought the fed was going to do or not be doing, you would be out of business like we've seen the smaller banks and we saw another one today with pacwest going to be sold. so, people need to manage risk it's hard to predict what the fed is going to do

it's still about deployments melissa, but i was happy with just mention of re integration. and so, as i mentioned, a lot of the filipino workers are in the middle east. in these countries, you will never have a pass to citizenship, right? that's just the way it works there. so at some point these workers would have to come home and what are they going to come home to? let's hope it's not the, but it's not the poverty that they tried to escape from. yeah, and so let's stick to that. he also made some comments about the domestic economy. the inflation rate is moving in the right direction. from 8.7 percent in january. our inflation has continued to ease up in all regions setting now at 5.4 percent. for this for june. what this means is that in spite of all the difficulties, we are transforming the economy, we are subsidizing the prices of old political commodities. so are people buying that or has his approval rating dropped? i understand there's been opposition protests to peg to, to the state of the union. me there has been and you know, well, president mark us remains the

and i called melissa winter, who is michelle's deputy chief of and i said, i want to meet with mrs. obama about the family. and so i went into her office and i just put it this way to her. i said, i just want you to let me know. how i'm doing, documenting the family. is it too much? it not enough. is it just right? and she said it was just right. i felt good. i felt that i was doing it just right? absolutely. but and then it got to the point where they would ask me to do some things in the private residence that i didn't even know was happening. there was one time when sasha was taking a tyquan doe test in the solaire because it was going to be too much of a hassle for her to take for the president. and first lady to take the motorcade right somewhere to do it. so they brought the to the white house. and, you know, they called me up and i came in on a sunday. so they and those are the most important pictures to him are the ones with his family. so he care about well, i mean, you know, the other pictures of himself didn't mean as much to him personally as the ones with sasha and mali

melissa, thank you for getting us started. just moments ago, i actually had a chance to talk to baltimore's mayor. >> joining me now is baltimore mayor, brandon scott. mayor, i appreciate you taking the time. it is a tragic morning for your city. these were joining me, you can give us a little more information than what we are having our viewers wake up to this morning. what can you share with us about last night's tragic event? >> well, listen, we have a mass shooting in the brooklyn home section of baltimore city. it was carried out by some coward who decided to open fire as they were celebrating brooklyn day an annual event that they have in the brooklyn homes every year. we have to folks who are deceased, 30 total injured, and three in critical condition right now. this is all of the information about the shooting that we have. the homicide detectives, who are the best in the country, are working. we will bring those responsible to justice, as i said earlier, i hope they hear me, i hope they think about those lives they took, in those they've

i got angry and said, what do you talking about? this is not funny. >> she said, no, it's not a joke. >> melissa knew that he planned to meet up with some friends after the golf game. he talked with the bartender there. >> he answered the phone and i said is my uncle there? please tell me he's. there and he said missy, i'm sorry, what i'm so sorry. >> that's a hell of a way to find out. >> yes, we -- they found out by seeing it on the news. >> it was a very powerful bomb, a powerful explosion. >> melissa raced down sunrise drive to the scene. >> i got out of the car and i started running towards my uncle's car. and detective gamber came running up and grabbed me. and stopped me from getting closer. >> detective james gamber was one of the first at the scene. it was his second homicide case ever. >> i was doing dishes after dinner and i got a call that there had been a car bomb that la paloma, you need to go up there. >> what he saw may have rattled a far more seasoned detective. >> the roof had been peeled off the car, was laying behind the car, and the windshield was gone. we found that the next day in the swimming pool of the coun

for joining us today. >> thank you. >> and thanks so much for watching symone on this sunday, i am melissaownsend. you can watch soon here on msnbc weekends at four pm eastern, and anytime over on peacock, where there are new episodes on the msnbc hub every monday. politicsnation with the reverend al sharpton starts right after this break. t after this break subway refreshed everything. and now, they're slicing their meats fresh. that's why this pro proffers the new grand slam ham. so does this pro. i just love a grand slam... ham. and if we proffer it, we know you'll proffer it too. i knew he'd love that sandwich. people always ask me, "kevin, what does being the ceo of cashbacking mean to you?" the way that i see it, if you're buying it, flying it, or wining n' dining it, then you gotta be cashbacking it. [chuckles] come on now. earn big with chase freedom unlimited. how do you cashback? age is just a number, and mine's unlisted. try boost® high protein with 20 grams of protein for muscle health versus 16 grams in ensure® high protein. boost® high protein. now available in cinnabon® bake

. >> melissa, investors are cheer i ing. google's longtime ceo is taking on a new role as president and chief investment officer, includes external and internal responsibilities she'll be engaged with policymakers to recognize the importance of technology on the investment side, she'll cover infrastructure, data centers, efforts to expand in the india region as for why now, she said that she has been a cfo for 14 years, eight years at google, so, she said it was time for a new challenge. margins were a positive story this quarter better than expected operating leverage and less than a jump in terms of cap x that the street was expecting. she attributed that to moderating office and head count expansion and a delay in data center construction projects i asked her, and i feel like this is the question the street most concerned about, monetizing generative a.i she said i would have to wait until the analyst call, but melissa, i'm ready, i have the phone in my hand, i'll not miss it >> all right, you tell us when thank you. look

defensive area that's spending in this area no matter what's going on in the economy >> well, i think, melissa, first we should rule out that, you know, bubbles pop. you know, it's always very dramatic to say a bubble is going to end in like a day it usually takes months if not quarters if not years to dispel the notion that whatever the theme of the bubble was is dead. i don't think we should think this is going to happen in a day or a week. but in terms of the other thing i would point out is ai may be, and i would argue, will be, a larger part of the economy that doesn't mean investing in ai stocks is a good investment if you go back to the internet bubble in '99 and 2000, certainly the internet became a monstrous part of the economy, but if you bought the internet stocks in december of '99, which was four months before the peak of the bubble, it took you 14 years to break even. so, i don't think this ai story right now, people are investing saying, it's okay, i'll break even in 14 years no, that's not what people are thinking i think we have to separate out the story from the investment op

. >> i think that's a good observation, melissa i think the fed is done thinking the trajectory of inflationor down is a straight line it got into that, got a little burned by that idea in the beginning of this year we had a couple of good inflation reports. not only were the reports bad, but they revised the ones they thought were good. so that's the approach the fed will take here he will be cautious about this one percentage point decline in inflation and it may keep going, but policy won't change dramatically >> steve liesman, thanks >>> let's start off with my panel. emily, everybody's base case is a 25 basis points, but it almost seems like it is in the fed's interest to send out a very hawkish message to say everything is still on the table. >> yeah, absolutely. the fed probably is going to need to be the adult in the room today and warn market participants that inflationary pressures continue to bounce around, it may pick up there is the chance that more hikes are on the table here. there has certainly been, as steve pointed out, welcome news for the fed as it relates to inflationary

and i think melissa is absolutely right in framing the two days of this summit as yesterday was essentially ukraine being told what it's not going to get, and it is that big ticket item of not getting an imminent invitation to nato. there is immense frustration here on the ground, here in the ukrainian capital. and today is going to be about what ukraine is getting, both in the short and the long term. so while ukraine is not going to be getting this immediate invitation to nato, we are expecting this major announcement from g7 countries, which white house official amanda sloet said earlier is essentially going to send messages, a warning to russia. this is about integrating ukraine further into the west in terms of politics, in terms of economics, and, of course, in terms of the military. we are seeing a number of countries offer huge new military aid packages to ukraine. so as president zelenskyy comes back to kyiv, he's certainly going to come back disappointed for not getting the biggest item on his wish list, but he will be able to say that he got significant deliverables both in the s

i think. just under 7%. we're seeing back and recognize in the admit that high five scott sexual repacked as off of it just goods had to get our system, melissa, i think you will start to see inventory loosen up, but we have been building in this country more than 15 years, so once again, we are supply and doing our stuff to submit our numbers you want to see numbers between summer and three millimeters. given melts, i'm going to read up on me. is there any real relief there or what can you do to mitigate some of those front-row labor shortages? . what we saw let's year for the law so they could squirt theirs and capped materials being clark tried and crushed entire train, and that actually gave is to the labor challenge because i wanted materials like gunshots. sitting out predictive family will retire. because we're not. when i'm good shave compared to loan me out. it's helping labor are seeing some benefit on the front end of the construction schedule but i would be saying on the skill side this is a casual rich expert that will make us a different perception that provides our government over the thing that we love the scene can we have to

>> almost there, melissa i think for us, we'll probably wait another few weeks, a month or so, but we're just about at that point it's clear the market is amped up to buy. i think it's overshot in the last couple days, but if the fed goes once more on the 26th of july, we think it's probably a pretty good sign to hop in we're just about that point. >> are you going to release the kind of trade that's, like, buy five minutes before and sell 14 minutes after? >> exactly right. wait for the announcement, 27 1/2 minutes later, not a second more, that's the kind of trade we love to do. >> all right, i'll get the egg timer out. michael, thank you, good to see you. bonawyn, what do you think that yields will go lower? >> i think it depends where in the curve. i think the intermediate to longer term, because i want to say long-term is technically 30 years. for that five to ten-year period is probably where you want to look some of the free money on the front end of the curve might be coming to an end >> yeah. >> yeah, i feel like i want to make a little more front end bets, just because -- it's

whatever she could to make it work. >> maureen's sister melissa told "48 hours" she turned to escorting to try to make ends meet. >> from her emails, i money, to be able to save herself from being evicted. >> and save her son, save custody of her son? >> yeah. >> melissa spoke to cnn in 2011 after maureen's body was identified in gilgo beach. >> i can't even describe to myself how bad it feels to be, you know, a family member of one of these girls that were found. >> kim overstreet's sister was also one of the gilgo four. 27-year-old amber lynn costello was last seen in 2010. >> it's my baby sister, you know. it eats at me every day. it consumed me. >> like her sister, kim worked as an escort, but she believes amber was more vulnerable because of her struggles with addiction. >> from the time she was probably 16 years old up until the day she went, she was still fighting it. so she -- you know, she had -- she had a hard life. she really did. >> cnn took kim to amber's home in west babylon where she was last seen by friends. >> are you okay? >> yeah. >> tell me what's going on? >> this is the last place she was, you know. and i've bee

love for the conversation, the debate to be focused on the long-term, because i think that's what's more important, melissaand ultimately, i think the long-term, if we're going to boil the question down, it's not about auto growth margins x credits. the long-term question is this can tesla get to 10 or 20% market share of where eventually evs will be 100% and i will make the case that if their goal is for 20% share, if they do 10% share in a decade, it's a long time, a 10% in a decade, that's a $1.1 trillion business they are going to do 130 billion in revenue this year if you're of the camp that traditional auto is going to catch up to tesla, then i'd love to have a debate around that topic. >> hey, gene, it's dan and, again, i think you're a great long-term thinker. i'm not. i'm a short-term think other this one of late you think about the short-term right here into last quarter, the stock had sold off 16% they missed on gross margins the stock sold off the next day 10%. it has since rallied since bottoming out, earns 100%. it's gained $450 billion in market capitalization since it was at 150 in the days

and those oil services companies now, melissa, i will send it downtown to you at the stock exchange. coming up, the growing battle between the sec and crypto exchange coinbase as the shares continue to surge on the year check out shares of sharp ninja, surging in the spinoff debut on the new york stock exchange. 35%. halted a couple times this ssn. the company's ceo will join us in just a moment don't go anywhere. this is your moment. critics declare oppenheimer is magnificent. the new york times calls it staggering. it's utterly enthralling and one of the best movies of the century. >>> despite maybe because of strong economic data last week, many on the street still wondering about the odds of a soft land org any landing at all. here with his rapid update is economics reporter steve liesman. >> i'll try to read it slowly. surprisingly strong consumer spending and income reports last week as economists sharply boosting their outlook for economic growth for the third quarter and raising the question if it's going to be a slowdown at all or landing at all economists raising the openin

stuart told melissa, quote, i wouldn't want anyone to make a wedding website, i'm married, i have a childme from. somebody is using false information in the supreme court filing document. so, this case was based purely on the imagination of a would-be christian web designer. there was no injured party involved. the supreme court still ruled in favor of the web designer. now, colorado's antidiscrimination law is toast, making it easier for religious conservatives to outwardly discriminate against gay people. joining me now is the reporter who broke the story for the new republic, melissa jared grant, also joining us is neil, the man of the week, former actor u.s. solicitor general, msnbc legal analyst, and this term, he argued and won the landmark -- before the supreme court. welcome to you both. melissa, i'm gonna start with you, i just want you to tell us more about what unfolded after you discovered that stewart, who is listed in the case, was not actually a gay man in this is search of a wedding website. a wild case. thank you for having me on to talk about it. i was actually anxious t

melissa rodriguez says, i think the number one issue for me right now is that lgbtq rights, especiallysame sex marriage. rodriguez spent 24 years in the air force, including two deployments, keeping her personal life a secret under the military don't ask, don't tell policy until it was lifted. not only can they join the military and feel safe to do it the way they interacted, the partners being at award ceremonies, the way they will be able to greet each other coming home from a deployment, that's something that me and my partner could not do. so i don't want to see us go back. honestly, we're struggling across town at the dayton food bank, long lines, the need nearly double what it was this time last year. so too are helena adams. grocery bills. it used to cost us 150 a week to to feed all five of us. and now it's 300 350. it keeps going up. it's ridiculous. and and there's karl schaefer, who has cancer and is on a fixed income in less than two years. it's screwed up so bad. everybody's, you know, it's affected everybody. coming up, acts of kindness on the road. the need was so much g

. >> well, you know, i interviewed melissa when she started this project, and i asked her, you know, and she said, you know, the bar association has an ethics component. you cannot be a member of it if you act in bad faith and can get these people disbarred and she did it. you know, quietly she's gone through lawyer after lawyer and made sure to get these people are not going to be lawyers, a lot of them, maybe not all of them will not be lawyers anymore and they will not be able to do this in '24. >> barbara, what is the sort of calculation you thin that makes it possible for trump and all his people to continue to hire lawyers? >> well, i think that one of the things donald trump tries to do is in addition to using lawyers in the courtroom, to defend him and to bring claims is i think he likes tos proxies. rudy giuliani built up a lot of good capital when he was the mayor of new york and certainly the u.s. attorney for the southern district of new york. so when he goes out and says things for donald trump people until recently would believe him because he had this credibility and s

melissa? >> julia, thanks i know you heard this comment from a share holder in live nation she likes this because, you know, can you not replicate this business, especially in this antitrust environment much. >> yeah. that's right it's a monopoly. the exclusivive tie ti is the i here of they can't get to the venues they control i think there is -- it's easy to vilify live nation i'll just say, that's fine with me you can see all the concert posters behind me. i think they have abused power i think they will continue to until it's checked i think the taylor swift story is one that people don't know the whole story. a lot of times they're mispricing the tickets out there. that's part of the reason why you see the move in the after market the dynamics have to change. i think they're built into the stock because of the seat that they're in as a fan, i do feel like this is great news >> you never want to go against anything that is taylor swift. year to date, up 28% you're not counting in the after hours or what is going to happen with the doj there is a settlement. let this breathe they do have a mon

be in these more passive type of index level etfs, let's just say i think you want to own stocks that portends to an overall trend, melissaof the year many people are talking about a path towards normalization i think what is going on is 2022 was your shock 2023 was your awe and as we kind of transition intomore fundamental investing we're going to get back into normalized returns i think that's very, very positive for the markets long term. >> you've been calling for this style of investment for the last several months, brian. index investing was easy it was the time just to own the qs and you could have been a winner so far here today so how do you sort of square that saying the stock was where you should go and it was investing in the index and the big etfs that was the easy way to go. >> no, i will kind of go against that a little bit. let's think about this since the beginning of the year, melissa, we've had three very distinct tech market trades. in january it was the january effect in march was the rotation out of financials into tech and then really what we believe is the real true thematic fundamental move was mo

thank you for joining me melissa, i never wanted a lot of blame, armed rainfall you're with me today.h something justice clarence thomas said visit then senator, joe biden about affirmative action during his confirmation hearing in 1991. let's watch that video and talk about it on the other side. >> you say, judge, that affirmative action preference programs are all right as long as they're not based on race? >> i said that from a policy standpoint, i agreed with affirmative action policies that focused on disadvantaged minorities. and disadvantage individuals in our society. i'm not commenting on the legality of the constitutionality. >> so, there are hours of video is of course of confirmation hearings from all of the justices, but reflecting on what's happened now with affirmative action, an abortion a year ago, do you think he and other conservative justices were a little disingenuous during their hearing? this >> one they're permitted to say whatever they like at the confirmation hearing. it's up to the senate to decide whether they're being genuine or not. you vote in a way that

for you in such a semicircle a kitchen bed with herbs in order to cook sage, yes, thyme, which i adore melissae with something, i'll feed you with something, but it remains, well, you left you liked it and liked it. uh, well, it still needs maintenance. it's just that you constantly have to go and clean up what it looks like. that's so beautiful. you know when, well, it happened that when the film came out, moscow does not believe in tears. i was still a young being, and it seemed to me what you are. the creation of country life and such you know such country chic, because there it is shown so chic here in this little house, when nothing is planted, then after 20 years. it's all so chic so much and somehow very bourgeois, in fact. yes, the soviet is so bourgeois, but i have all the trips to the open air. and they took me to different places there, well, in the village, mostly in georgian there immediately plowed to work, it was necessary to take care of livestock. or did you have to tie something up. and i really liked this city child. here you are, when you were little, that's what's good, th

melissa: yes, i need help with my daughter. larry: that's it for kudlow, thanks larry: that is it for "kudlow". thank you for watching folks. ♪ ♪ ♪. maria: good wednesday morning everyone thank you for joining us. i am maria bartiromo. it is wednesday july 12, your top story 6:00 a.m. on the east coast, today inflation data on debt, stocks or higher ahead of the june consumer price index at 8:30 a.m. eastern. all hands on deck, the all-star panel will react to the numbers and we will look for market reaction. today is all about the consumer, tomorrow brings a snapshot of producers, the producer price index out for june crossing 8:3l see the start of second quarter earnings season. it is a big week, delta, pepsico out before the bell followed by the major banks on friday, we're previewing the second porting underreporting season. european markets, president biden sitting down with ukrainian president zelenskyy during day two of the nato summit, stocks are higher across the board in the eurozone. in asia overnight epic story, tak