therefore, not a place for ibm to speak up.urse they are, like so many other companies we've been covering going to offer the protection via insurance for employees to have reproduct i've rights and go to other states if they have to travel for abortions. that's just the way one company is thinking about it but clearly that has made it to the very top of th of the agenda here at aspen ideas. >> and isn't that the ultimate public statement, sara, is not only your policy but your historical policy and culture. i mean people can tweet whatever they want in a given day but is that still going to be the company's policy five, ten years from now when leadership is different ibm has a bit of a track record. it's also interesting to me the context of ibm's statements, whether it's about social issues or it's the stock in this down market ibm's performance, which you mentioned, doesn't look so bad and that 4.6% dividend yield doesn't look so bad either. >> the fact that they have strong cash flow and they're a profitable company they're

ibm. let's create. don't like surprises?tes ] proactive notifications from fidelity keep you tuned in all day long. so when something happens that could affect your portfolio, you can act quickly. that's decision tech, only from fidelity. lemons. lemons, lemons, lemons. look how nice they are. the moment you become an expedia member, you can instantly start saving on your travels. so you can go and see all those, lovely, lemony, lemons. ♪ and never wonder if you got a good deal. because you did. ♪ >>> welcome back, everyone it's time for the earns exchange where we give you the action, the story and trade on three key names set to report results. first up you have fedex reporting after the bell today first release since the new ceo took over the company, shares down 13% on a year to date basis. frank holland has the story here delano new advisers, cnbc contributor joins us with the trade. set things up. >> exciting day in transports. the first earns for the new ceo, fedex outperforming ups since then his commentary on the ca

and with an ibm, we have to be cosh officer that because it has to come back into strong u.s. dollars. when you have that type of company throughout, that's a company where, in the past, many time its ibm has blamed the strong dollar for their missed earnings we don't want to have that in the portfolio. you want to look for the down side risk and avoid it and that's one reason i recommend taavoid ibm. on the other side, you talk about exxon mobile it's a great play in energy. everything is clucking in oil. so, you have to have an exposure to energy. great companies i would highly recommend people have is exposure to. gasis going to remain elalvated. there's more to energy stocks than just the war in ukraine those are some of my reetszens >> if the economy slows, as the fed is planning for it to -- people are hoping for sauftd landing rather than recession. won't energy react quickly to that just as it does when people are driving and traveling? >> it will react but it's lead time is going to give you enough time this is something that you can actually get into still with energ

bombed out of 46% decline in basing ibm, tremendous relative strength and toying with the prospects ofill see you back here next friday for "oa. meantime "mad money" starts right now. >> this is a paid advertisement for csn. >> you know, the one thing you can count on in numismatics, which is the hobby of collecting coins, is that the pace of change, or change, is glacial. [ chuckling ] okay? we would hope from the -- oftentimes, as numismatists in a hobby and in a profession, we hope for a snail's pace from the united states mint. nothing is done quickly. nothing is done without forethought. nothing is done

bombed out of 46% decline in basing ibm, tremendous relative strength and toying with the prospects of back here next friday for "oa. meantime "mad money" starts right now. >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now >>> hey, i'm cramer! well welcome to "mad money." welcome to cramerica my name some to educate you so call me or tweet me @jimcramer it is easy to say it is too hot, jay powell

bombed out at 46% decline in basing ibm, tremendous relative strength and toying with the prospects of> we will see you back here next friday 5:30 for "oa." meantime "mad money" starts right now. (dramatic music) ♪ i really can see the difference. i can see this hair coming in. i have hair on my head. i can brush my hair now. within two months, i've gotten my hair back. it's just like a second chance on life. ♪ no hormones, no surgery. ♪

ibm. let's create. new projects means new project managers. you need to hire. i need indeed.ou 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 "the exchange" everybody. take a look at the nasdaq-is below 11,000, down 4%. energy leaving the decline, even though oil turned positive, energy is down 5% and the only one of the 11 sectors not down 10% from the highs but it is getting close. consumer discretionary down. and etsy and underarmour among the biggest laggards you can see 10/11% decline cans in hotel and leisure expedia down 6, 7, 8%. and airlines down 9% the big three on pace for their worst march since 2020 proclam is higher jet fuel prices crude did turn positive. it's around 121 there a barrel just below the level, up a quarter of 1%. gasoline futures are still above $4 the national average as you know, above $5 a gallon for the first time ever. at the high end, it's $6.43 in california now to tyler mathisen. >> good a

so you tap ibm to un-silo your data.hing a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create >>> welcome back to "worldwide exchange." the markets rally from the brink of the bear rally. friday's consumer data may offer insight into how much the fed may need to do to fight inflation. let's bring in jeff kilburg and ivory johnson. gentlemen, thank you for being here ivory, we'll start with you here how important is this week in the inflation narrative for markets? >> i think the markets are looking at how fast prices are rising it is important because the fed has one job to do and that is cut inflation. the more hawkish the fed is, that is putting pressure on the market especially in the face of falling growth and consumption expectation. i think we will see disinf

ibm.'s create >>> welcome back as the dow climbs off today's lows, he's the look at why and bucking the trend and leading to the upside some defense names, raytheon and textron up 5% or more and pfizer up 1% and warner brothers at 2%. now let's get to frank holland for the cnbc news update. >> hi, kelly i am frank holland and here's your cnbc news update at this hour the supreme court could hear a case to give the final word on setting rules for federal elections. the state courts can find violations of state constitutions. that case is set to be argued in the fall vaccine manufacturers should update their covid-19 booster shots to target the recent omicron sub variants gaining ground against the southwest they want to upgrade the booster shots ahead of the fall. a northwestern university study revealed the number of newspapers here in the u.s. has shrunk by 28% in the last 17 years. 2500 papers have been lost since 2005 in the last two and a half years, 260 papers have shut down and almos

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so you tap ibm to un-silo your data. start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create jon: this is "bloomberg markets ." i am jon erlichman with romaine bostick. it is time for what it is worth and we are focusing on work from home. 8%, which is the equivalent pay rise that workers equally with the ability to stay home -- this was based on a study done last year by stanford university. i am not sure if people actually happen to get back to work changes how much that is worth to them. but we have been covering those headlines today from elon musk. romaine: it is good you bring up elon musk. this is the loggerhead between employees who like flexibility and see the value of it, and employers who don't necessarily do it. elon musk runs tesla and oth

so you tap ibm to un-silo your data. crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create jon: this is "bloomberg markets." i am jon erlichman along with romaine bostick. time for "what it's worth." it has been a week where it has been a focus on interest rates, particularly in canada, where the bank of canada has raised rates by another half-point. cut is the average selling price for a home in toronto, almost $1.2 million. it is worth pointing out that over the last three months, we have started to see price erosion because of higher rates which are impacting the mortgage market. on average, a home price in toronto is up over the last year. . they have come down 9%. you can find plenty of pockets in the toronto area where prices have taken a bigger hit

ibm. let's create >> brennan: south dakota is one of 13 states with so-called trigger laws that locked new abortion restrictions into place after roe v. wade was overturned. kristi noem has a new memoir out entitled "not my first rodeo." good morning, governor noem. >> brennan: the only exception is if it is necessary to preserve the right of a pregnant female. you're calling a special session. what exactly do you want to change or implement here? >> well, what happened with the supreme court decision this week is that abortions in the state of south dakota immediately became illegal unless it was to save the life of the mother. that was in place. as soon as that decision was made. and what i believe will happen if we go into a special session, there will be debate around how we can support these mothers. i've already launched a website called life.sd.gov. and it is to get help to those in a crisis situation, it will coordinate people who will come alongside them during this time. and also

then semi--- tonight i'm cut talking to gary cohen, vice chairman of ibm, and a former advisor, to get his take. >>> don't miss a second of mad money. have a question? tweet kramer. sent jim an email to mad money at cnbc.com, or give us a call at one 807 43's the nbc. miss something? had to mad money. >>> your ultimate investing e- book with exclusive stock picks and tips. scan this code now for a special cnbc july 4th offer and get it right now. pimco has reinvented fixed income to create opportunities for investors in every market environment. so, no matter what happens you can build the bonds that mean the most to you. pimco, a global leader in active fixed income. researchers believe the first person to live to 150 has already been born. it could be you! wow. really? of course, you'll have to eat your greens, watch your stress, wear sunscreen... but to live to 150, we're developing solutions that help doctors listen to your heartbeat while they're miles away, or ai that knows what your body will do before you do. cool. introducing elevance health. where health can go. >>> what in t

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ibm. let's create. >>> finally tonight, "america strong.". >> ashley adirika. >> reporter: that's 17-year-old ashley adirika accepting her diploma from miami beach senior high school. >> one of my biggest dreams was to get accepted into an ivy league. >> reporter: a vision ashley would soon make a reality. an exceptional student and standout on the speech and debate team. >> the teacher just believed in my potential. >> reporter: but ashley also faced challenges, commuting to high school two hours each way. a first generation nigerian american, ashley says she grew up in a house full of strong women, inspiring her to start the nonprofit, our story, our worth. >> had this idea to empower young women of marginalized groups. >> reporter: setting the stage for ashley's next chapter, college. >> hey, you guys. welcome to ivy date. >> reporter: here she is on acceptance day. acceptance letters. >> yay! i got in. >> reporter: and scholarship offers, coming one after another. >> i got into princeton! i just got accepted into all eight ivys. and the

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well, and the american corporation ibm left russia, the website is also unavailable in this country,cannot be opened at all. i would like to remind you that ibm is one of the largest manufacturers and suppliers of software, as well as it services and consulting services. in march, the organization announced that it condemned the war started by russia against ukraine on this today we will talk about the news of the economy during the war tomorrow watch us on weekdays in the morning at 8:00 and repeat in the evening this is andrii yanitskyi espresso tv channel together we will win

well, the american corporation ibm left russia, the site is also unavailable staff in this country it cannot be opened at all, let me remind you that ibm is one of the largest manufacturers and suppliers of software and it services and of consulting services in march, the organization announced that it condemns the war started by russia against ukraine. today we will talk about the news of the economy during the war tomorrow. watch us on weekdays at 8:00 a.m. and repeat it in the evening. this is andriy yanitsky, the espresso tv channel, together we will win the war in ukraine, the main topic for ukrainians victory and loss, analysis and forecasts, politics and geopolitics, serhii rudenko and the guests of his program will talk about all this, people who have information and shape public opinion, people who defend ukraine and create the future right now the main and interesting thing in the program is the verdict by serhiy rudenko from monday to thursday at 1:00 p.m. repeat at 9:30 p.m. -60-40 and our presenters will announce everything at once, everything will be ukraine ukraine-arme

so you call in ibm and red hat to create an open hybrid cloud platform.a is available anywhere, securely. and your digital transformation is helping find new ways to unlock energy around the world. (fisher investments) in this market, you'll find fisher investments is different than other money managers. and your digital transformation is helping (other money manager) different how? aren't we all just looking for the hottest stocks? (fisher investments) nope. we use diversified strategies to position our client's portfolios for their long-term goals. (other money manager) but you still sell investments that generate high commissions for you, right? (fisher investments) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money, only when your clients make more money? (fisher investments) yep. we do better when our clients do better. at fisher investments, we're clearly different. think he's posting about all that ancient roman coinage? no, he's seizing the

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so you tap ibm to un-silo your data. of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create nothing like a weekend in the woods. it's a good choice all around, like screening for colon cancer... when caught in early stages it's more treatable. i'm cologuard. i'm noninvasive... and i detect altered dna in your stool to find 92% of colon cancers... even in early stages. early stages. yep. it's for people 45 plus at average risk for colon cancer, not high risk. false positive and negative results may occur. ask your provider if cologuard is right for you. we're in. >>> before we go, two of the children lost in uvalde. 10-year-olds annabelle rodriguez and xavier lopez were best friends. they had texted "i love you" to each other. tonight, the two families have decided to >> building a

bank accounts of lead factories and destroyed the expert routes rolled out by the russians american ibmped working in russia , the site has also become unavailable for cerebral palsy ibm is one of the largest manufacturers and suppliers software as well as it-services and consulting services in march, the organization announced that it condemns the war started by russia against ukraine, so it will no longer sell any computer technology to the aggressor country, so that the enemies do not find out about their brains. the so-called unfriendly states by the russians did not learn about their condition; the ministry of economic development of the aggressor country informed the local at the end of may, it was reported to the bank center that there are almost 590 billion dollars in safes, however, almost half of these assets are blocked and the kremlin does not have access to them on foreign accounts. this was the last information from the economic front for today. i am oleksandr marchenko . thank you very much for your word, oleksandr, about the economy during the war, oleksandr morshchevka

i would be seller of zoom, seller of ibm.ent and governance is not working where where there is lack of transparency there. you want to be careful of downside risk. you talked about sprint earlier today. what if one of those offers or both of those offers were withdrawn? to me i would be a seller of sprint at these prices and take your profits while you have them. liz: what risks do you really see out there? any flashing red lights when it comes to liquidity or anything that we saw the likes of which back in 2008 really brought the markets down? >> well i think, the risk is is that i think we're too eager here. there is still fomo in the market about wanting it to go up and the reality is, you look at the vix, we really haven't flushed it out yet. this capitulation, maybe we felt a little of that about a week ago on monday. other than that there really hasn't been the capitulation. the vix has not even got close to 40 yet. i would really think you see more volatility in the coming days and the risk, the risk is still, i think

by remember, ibm wanted to be ibm for years. very quickly the world changed and they were forced to make an acquisition. they probably overpaid for red hat but needed to do it. same thing happening with intel now. they didn't see the competition coming in the form of amd. they didn't see the changing landscape, and they're paying for it now you look at qualcomm to throw a name out a name trading ten times next year's numbers, a much better company at a reasonable valuation. i think you can be there people say on intel and valuation, they've been saying that literally for the last five years and it really hadn't panned out all that well. >> quickly, pete, is this a stock people hang on the too long because they know it? to guy's point, oh, it's intel it has to come back. >> the answer is yes it's really easy, and i'm one of them unfortunately, brian. i've owned this stock for a long time not just because the fundamentals looked so great, but also because i really thought under the management they had they were going to be able to

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ibm.'s create >> the type of inflation that i do not believe the federal reserve has the policy and tools to do much with it right now. i'm not blaming the federal reserve for where we are but i believe most of the problems we live with our policy generated more than supply generated. jonathan: a fascinating conversation. futures this morning, negative six or seven tencer 1%. nasdaq down. we are down by around three or 4%. tom: some of said, that is a story that has been pushed aside. it comes up again as people start to rationalize. we are focused on 8:30 a.m. and that jobs report. this is an important report. jonathan: serious data we are expecting. this big conversation about pause. that is where the conversation is feared -- is. tom: maria tadeo is with us. emily is in washington. let with both the you on the summer. emily, this was dominated in november. emily: it is. we have had a number this past month. we have a number coming up. big question most people in washington are looking f

so you tap ibm to un-silo your data.rt crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create >> i think the fed is very aware that the u.s. economy is already showing signs of easing and we are seeing cracks in the armor. >> companies can pass cost through but as we reach higher and higher price levels, that becomes more difficult. >> there is a frustration from where policy is headed. >> tightening will get us down

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so you tap ibm to un-silo your data. start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create tom: welcome back. let's go to the latest in ukraine. we are standing by with president zelenskyy's deputy chief of staff. maria: thank you very much. he joins us from a kyiv where he is monitoring the situation with president zelenskyy. i want to ask you before we move into the eu conversation, i know you have a lot to say on that. when you look at the military, can you give us an update on the situation on the front. i know you said in donbas it is very intense fighting on a daily basis. >> right you are. the situation is still difficult. we have talked with you several time, this is significant. now, there is a level of armed forces in the don bus. -- don bu

so you tap ibm to un-silo your data.nching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create >> i think it is going to be a mild recession at this point. household and business balance sheet's look solid. you get a deep downturn when -- i do not expect that to happen this time. tom: bill dudley, former president of the new york fed, a blistering note today on hard landing. it is a required read. lisa put it out on twitter, i retweeted the retweet of the retweet. kailey in for jon ferro. kriti gupta here. kriti: we are talking about how high prices are. this is something becoming a global issue. we do not go to the u.s. gasoline, if we go to the european wrestling issue. inflation is higher, cost-of-living crisis is far worse then in the states. i'm showing you a

ibm.'s create emily: welcome back to "bloomberg technology" live from our big tech summit info to francisco -- in sanford cisco. in the world of etf's there are few as influential as cathie wood. she spoke exclusively with our very own ed ludlow. cathie: if you look at our performance, o flagshipur performance -- our flagship performance from the low of covid until the peak of february 2021, that was an increase. we had a lot of problems through the coronavirus. we were rewarded accordingly. since then, when we hit our t rough, down 75%. why? inflation and interest rates. there -- it is and trusting to be here, walmart territory, because we are learning a lot from the retailers now. [indiscernible] the fear of rising interest rates and inflation control has gripped the market. but not the equity market. if you look at the fixed income market, it does not agree with it. the 10 year treasury bond yield is 3%. that instrument should be one of the most responsive to inflation fears. so 3%, gdp

got it on cell bus as you know, but l bother him, throw bump. ibm got him to get him at those. i'm so glad i built that. you know that you will. yeah. hello. okay. it's good that i should never hon. of war and daniel would have to read and you're sort of like, you know. mm mm quite a story that you didn't look, i don't know that you're crazy over here with us. no hostility or did you are going to be with god? for free theory? you're probably not for us. you thought we, my shifter you, when you might laugh. my daughter are more fragile, valuable, but what are you still out a little sure. i do started a possible drive time with us with an idea. so you know that way of you know, doing like, ah, it's really tragic. it's really sad. but you know, when we were at the humanitarian aid, oh, there is a thousands of people there. ah, and it's russia bringing them food, bringing them water, bringing them help, bringing a medicine. they're like a mobile pharmacy go on. and it's russians that are helping these people today, not the ukrainians, not the not these just russians are helping the

so you tap ibm to un-silo your data.nching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create emily: it is time for our crypto report. bitcoin is now down for 10 consecutive sessions. galaxy digital's founder spoke with us earlier today about the hedge wins -- headwinds. >> we talked about there were going to be headwinds this year because the fed was going to have to withdraw liquidity. assets that went up based on cheap money forever if they are or expensive watches crypto were under pressure all year long. what's exacerbated this move in crypto is a bunch of leveraged players that have far more leverage than people thought so you talk about celsius or others, that is caused something similar to what happened in 1998 with long-term capital management. market ne

so you tap ibm to un-silo your data. start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create mom: how was school? dad: wow! ♪ vo: music can help you express how you're feeling. when you can't find the language, find the lyrics. ♪ tom: good morning everyone, let me get right to the data check here. futures, -92, now -88. they are a little bit off the bottom but i don't really want to spell that to you. rounded up to 5.5, 30 2.71. they made clear they are looking for catharsis in a 40 level, not at the 30 level. the expert on that would agree with that assessment 3.20%, a 14 basis move higher in the two year yield. all you need to know is yields are surging, which i believe is prices going down correct me if i'm wrong on that. oil commodities showing a w

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work so we like ibm as a growth story going forward with a value valuation.? >> over 5%. stuart: and you would expect that to go up? >> i would expect to continue growing the dividend until kingdom come. stuart: that's what ibm does? >> yes, sir. stuart: been great having you on the show today. thank you for your comments about politics you were totally wrong about california but that's okay. >> if there's any bet i want to lose it's that one but i'm not going to lose that bet unfortunately. stuart: probably not actually. david a pleasure thanks for being with us. check those markets please not much price movement for the dow, down just 42 points but the nasdaq turned around nicely up 47 points there, so we've got some movement up in stock prices especially the nasdaq. all right, still ahead, utah senator mike lee, florida congressman mike waltz, the lt. governor of virginia winston sears and kim strassel, wall street journal. the 10:00 hour of "varney" & company is next. ♪ if you wake up thinking about the market and want to make the right moves fast... get

ibm. create emily: meta has big plans for creators as it looks for ways to continue to expand in the metaverse. mark zuckerberg has announced new ways for creators to make money including through nft's, reels, and even paid online events and subscriptions. meta is also shifting its algorithm. since the invention of face picks newsfeed, they have been focused on delivering content. however, after more than a decade, it's becoming clear that some users need a little more. the success of tiktok has unearthed a new kind of algorithm magic, giving people content they didn't even know they wanted to see. this is why creators with little followings have been able to gain massive traction on tiktok but less so on meadows platforms. mark zuckerberg wants to change all that. i'm joined by bloomberg stec at her. -- tech editor. what are they doing here and will it work? >> it's a big bet to focus on showing people content from people they don't already follow , that they haven't already expressed int

so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create >> the fed recognizes they are missing on their inflation mandate. they need to get that under control. they need to be hiking reasonably aggressively at the next two meetings and then probably guiding the market to expect further rate hikes. jonathan: good morning. futures lower by a third of 1% on the s&p. the nasdaq done by a third of 1% also. coming up on friday, 1:00 eastern time. tom: you have got to be kidding me. jonathan: unreal yield. tom: nixon was president when that photo was taken. coming up this summer and until labor day, every single friday at 1:00. lisa: he's going to walk off the set. jonathan: as i get to rest for the end of the year. to