jefferies recognized starbucks' very real problems.ree. in the end, jefferies argues that the earnings estimates for starbucks needs to come down. more importantly, they expect management will give low ball guidance for the fiscal year when the company reports in early november. that's why they cut the earnings estimates from 2025 and 2026 to levels well below the wall street consensus. that is important. and that's how they end up with the $76 price target. if they're right, then all the gains since niccol's appointment would be wrong. [ buzzer ] sobering. hey, how about the bull case from starbucks from bernstein. well, again, this is basically the exact opposite of the jefferies call. in it note titled grande comeback upgrade to outperform. they argue that the current valuation does not fully appreciate the earnings power that starbucks could unlock. they acknowledge that the turnaround will take time. but crucially they tell us, quote, we believe that it will not need to be completed for the stock to start to work, end quote. that'

for more, i'm joined by rob dickerson from jefferies.e you, because our friend of the show has been very bullish on hershey. i'm thinking at some point cocoa prices moderate. but you're not persuaded. >> not yet. you know, clearly i'd say hershey, over a very long period of time, you know, it's always considered one of the most defensive names within u.s. staples and within u.s. food. right now, we have a bit of a different situation. everyone loves chocolate and candy, but it poses a number of problems, at least in the near term. so there is very excessive cost inflation about to hit hershey, because we can see where as it comes up through the year, but a lot of these companies are hedged, so you don't see those until later down the road. that said, big topic of conversation has been higher prices at the grocery store. we have seen much higher prices in chocolate. chocolate does sell at a bit higher of a price point relative to food and snacks. so it does become a little bit less immediate. consumers feel a little more safer in kind of

last week you were romping that -- reporting that house mienl lloyd leader jefferies says a -- he is owe owes to -- opposed to a six month c.r. can you elaborate on that and where democrats are and how unified they might be. guest: this goes to a tradition in washington where we get a bunch of bills that are critical, that are must pass bills. unless these bills pass by the end of the year. what happens is think all pile up in december. they all get done in a real quick rush to the exits. lawmakers some of them are retiring. some of them have lost re-election. everybody in washington is kind of thinking about getting back to their families and getting home for the holidays. they cram these bills together. with that pressure, all of a sudden the dam breaks and these things pass with bipartisan support. there are democrats and republicans that support this process because it's a chance for them to attach their policies to what they call a moving vehicle, something that's going to get over the line. so this is a tradition. both parties use it. but republicans are opposed to it because t

good morning, jeffery soria for assistant superintendent for building repair. for the first dashboard we have for total request received by year and shop in fiscal year 2024 we do show a slight reduction off our four-year average. but subsequent to the report coming out, we definitely have seen a uptick in request for our services. so our the request for our services is definitely strong even with the, with the chart showing the slight reduction. for corrective and project order by shop. this chart usually stays pretty consistent with plumbing and lock being two of our busiest shops just because of the volume of service requests that they get across all city agencies for their services. paint glass carpenter electrical sheet metal, shows shops show a mix of project base and corrected base service. everything else stays pretty consistent, steam fitting shop is mainly a project base shop because they have more of a, a request for service come for larger projects for our clients from heat from agencies such as the sheriff's department, fire department. and as we g

ghislaine maxwell and jeffery epstein.from sending non-violent offenders there. in may, the prosecutors who said were ms-13 gang members, stabbed an inmate 34 times in an attack caught on camera. two shivs were taken in the attack. in the last three years, four inmates died by suicide. accusations of negligent and smuggling of drugs and drugome facilitated by employeeemployee. lance clark has been there many times. >> if the government is mandating they are responsible for your wellbeing, they have to ensure the safety. >> reporter: the prison has 1,200 detainees. the doj shutdown the other federal jail, the metro correctional center in 2021. two years after jeffery epstein died by suicide there. the spokesman said take year seriously the staffing. they increased the staffing. >> the problems aren't resolved. >> coombs' attorneys are appealing for him to be released on $50 million bail. they are asking for him to be transferred to another prison in new jersey. >> he's in jail. it's unpleasant. it is supposed to be punitive

having already produced it 1st by jeffery fund, federal, it is expected to supply 25000000 liters a day to the domestic market. the september increasing that to $30000000.00 lead us next month. but under the say, this will not entirely solve petro shortages in africa's biggest producer. i'm a degrees, i'll just see that i will get and that does it for me, 0. then the agent today, up next on alpha 0, you've got africa direct and carry jumps, and we'll have all your world news at the top. the, our are in great hands. stay with us the but i got to find the bodies of those on the fringes of society. increasingly belonging to my groups washed, the shores forensic anthropologist takes a campaign for the dignity of the deceased for the right to closure for the living to the european parliament. every for in particular to the thousands of migrant bodies buried with southern name in european cemeteries. few or unknown witness documentary on the jersey. the the work item combined to yeah. when did you create a visa? now you just have to be onto the, i'm to go, you dig up, but i'm going to show yo

hours after the second assassination attempt on trump the top house democrat hakeem jefferies put out post saying trump and maga republicans plus be stopped. is that appropriate language? congressman cory mills will discuss that later, he's here. your memory is an amazing thing, but sometimes it can start to slow down. but did you know prevagen can help keep your memory sharp? the secret is the powerful ingredient, apoaequorin, originally discovered in jellyfish and found only in prevagen. in a clinical study, prevagen was shown to improve memory in subgroups of individuals who were cognitively normal or mildly impaired. stay sharp and improve your memory with prevagen. prevagen. in stores everywhere without a prescription. ♪ (girl) wooo! ♪ ♪ ♪ ♪ with so much great entertainment out there... wouldn't it be easier if you could find what you want, all in one place? my favorites. get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month. stuart: the secret service could get more funding following the second attempt on trump's life. chad pergram on capito

upgraded the stock to buy from hold jefferies said the home furnisher has, quote, hidden gems within its portfolio and could benefit from an even modest recovery in the housing market williams sonoma up more than 30% so far this year scott? >> all right, seema, thank you very much for that that's seema mody. we're just getting started up next, the co-head of the goldman sachs global institute, george lee, joins me here on set. we discuss the future of a.i., the sectors that it could impact the most we're live from the goldman sachs communacopia and tech conference in san francisco. you're watchin"t csig helong bell" on cnbc. this is our future, ma. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo (man) this whale is unaware it's being exploited get your business online in minutes for financial advertising. look at this silly little sailboat... these men of means with their silver spoons, eating up the financial favors of the 1%. what wo

jefferies has a $28 target on the stock. those shares up 3 1/2%. mike? >> pippa, thank you. we are just getting started here. up next, much more on today's market rally. plus what's next for the housing sector now that we're in a rate cutting cycle? we'll discuss that with an analyst after this break. er live from the new york stock exchange. the s&p up 1.8%. you're watching "closing bell" on cnbc. at pgim, finding opportunity in fixed income today, helps secure tomorrow. our time-tested fixed income suite, backed by over 145 years of risk experience, helps investors meet their goals. pgim investments. shaping tomorrow today. are you keeping as much of your investment gains as possible? high taxes can erode returns quickly. at creative planning, your portfolio is managed in a tax-efficient manner. it's what you keep that really matters. book your free meeting today at creativeplanning.com. >>> what happens to the housing market? i don't think any of us really know. and the reason is that we've always experienced lower rates during recessions and we have not had hiking cycles

branwen jefferys, bbc news.and groups representing the families of israeli hostages are holding a general strike to press the government to reach a deal to free those still held by hamas. it's already affecting some flights at ben gurion airport in tel aviv and business, schools, and other forms of transport have also been hit. the stoppage is a day after the israeli army said it had recovered the bodies of six hostages who were taken during the attacks of 7th of october. that led to mass demonstrations injerusalem and tel aviv on sunday and also today, with the organisers calling on prime minister benjamin netanyahu to negotiate a deal with hamas to bring home the estimated 100 remaining hostages. sunday's protests were largely peaceful, but some crowds broke through police lines, blocking a major highway in tel aviv. our correspondentjon donnison has been following the story. after the —— after the biggest protests in israel since the start of the war in gaza, with hundreds of thousands of people demonstrating

having already produced it 1st by jeffery find betral. it is expected to supply 25000000 liters a day for the domestic market. the september increasing that to $13000000.00 li just next month. but i'm going to say this will not entirely solve petro shortages in africa's biggest producer. how many degrees i'll just do that. i will get conflicting reports having much regarding a confrontation between your guns and opposition lead up. i'll be one on police outside the capital component. one's policy says he was surrounded by offices and shopped in the leg to in the meeting with his lawyer in belinda. they say one stumbles in hudson so far getting into his com investigation is underway. us secretary of state, until the blinking has been subpoenaed to testify. the hearing is the by the administration's handling of the 2021 withdrawal from afghanistan, 13 us service members were killed and some americans were left behind in the operation. house committee on the foreign affairs says blank and was the final decision maker. he's been ordered to gi

branwen jefferys, bbc news.n missile and drone attacks on ukraine with kyiv hit several times. the city's mayor, vitali klitschko, said the entrance of a metro station, which was being used as a shelter, was struck, as well as a water treatment plant. military officials said air defence units had destroyed 22 out of 35 missiles, and 20 out of 23 attack drones, spread across six of ukraine's regions. two people were injured. around the world and across the uk, this is bbc news. the uk government has promised to look into the problems caused by so—called "dynamic pricing" of tickets to gigs and concerts. the practice — which allows official ticket sellers to inflate prices when demand is high — will now be included in a planned consultation on protecting fans from ticket touts. over the weekend, hundreds of thousands of people queued online for hours as they tried to buy oasis tickets — as leigh milner reports. a warning — there are flashing images coming up. first came the hype. when both come together, you have

while there was also a bronze for tim jeffery, britain's first shooting medal of the games.ed into the semifinals. one of britain's youngest athletes here is now guaranteed at least a bronze, but gold is very much in her sights. andy swiss, bbc news, paris. let's finish with the live pictures from the school in georgia where four people have been cured in a shooting incident and nine more taken to hospital —— killed. it is the apalachee high school in winder georgia. hello there. look out for contrasting weather conditions across the country over the next few days. after having the wettest summer on record in scotland, the sunshine will come as a welcome surprise and it will turn increasingly humid. more cloud across eastern scotland and north—east england, but again, still quite warm. and then further south, we'll see a spell of heavy rain as an area of low pressure develops, and that front is going to lingerfor a few days at least. so, heavy rain across southern england and parts of south wales. you can see the first signs of that first thing on thursday morning. it's goin

having already produced it 1st by jeffery fund, federal, it is expected to supply 25000000 liters a day to the domestic market. the september increasing that if the $2000000.00 li just next month. but under the say, this will not entirely solve petro shortages in africa's biggest producer. how many degrees? i'll just see that i will get of conflicting reports and managing about a consultation between uganda and the opposition lead to bobby wine and police outside the capital, a compiler wines, parties as he was surrounded by officers and shelton, the leg during a meeting with his lawyer and belinda, please say wines stumbled and hurt himself or getting into his car. an investigation is under way. at least 12 migrants have died off to the boat capsized in the english channel off the northern coast of france. more than 50 others have been rescued. natasha bucks or has more from belongs to man of emergency workers help us survive the officer, a boat carrying dozens of migrants and refugees capsized off the northern french coast. fonts is outgoing interior ministers. johan, i'm in a mid res

having already produced it 1st by jeffery, find federal. it is expected to supply 25000000 liters a day to the domestic market. the september increasing that to $30000000.00 lead us next month. but i'm going to say this will not entirely solve petro shortages in africa's biggest producer. how many degrees i'll just do that. i will get truck drivers, have blown to major roads in main cities in columbia, and protesting against shop increases and fuel prices. thousands of people have been forced to work to work out the traffic jams made driving and possible. union site plans to eliminate the diesel fuel subsidies will push businesses into bankruptcy. but francis has urged indonesia to find religious intolerance on his best visits of the country. is true to hold a mass for $70000.00. people cheering his trip to the country that has the world's largest population of muslims. the pope is expected to visit the capital of 9 most . he will also travel to pump and you can use singapore and east timor during his tour of the far east. thailand is battl

while there was also a bronze for tim jeffery, britain's first shooting medal of the games.4—year—old bly twomey roared into the semifinals. one of britain's youngest athletes here is now guaranteed at least a bronze, but gold is very much in her sights. and in the table tennis, 14—year—old bly twomey roared into the semifinals. one of britain's youngest athletes here is now guaranteed at least a bronze, but gold is very much in her sights. andy swiss, bbc news, paris. back to to our top story, the final report into the grenfell tower fire, and rejoin sophie in west london. thank you. the publication of the public inquiry�*s final report on the grenfell tower fire has brought many answers for families and the community. what it hasn't yet brought is justice. those affected by the disaster will now have to wait at least a year before they find out whether any criminal charges will be brought over the tragedy. our correspondent adina campbell has been speaking to one man, omar al—haj ali, who survived the fire here, but his 23—year—old brother, mohammad, did not get out alive.

having already produced it 1st by jeffery fund, federal, it is expected to supply 25000000 liters a day to the domestic market. the september increasing that to $30000000.00 lead us next month. but under the say, this will not entirely solve petro shortages in africa's biggest producer. i'm a degrees august. the last couple of columbia and truckers are blocked to major highways in maine cities. they're protesting about shopping increases in fuel prices, fives, and so colombians have been forced to walk to work off the grid locked me driving impossible truckers union, st plans to eliminate the diesel fuel subsidies will push their businesses to bankruptcy. the government says it has to cut a growing budget deficit and that it needs to direct more funds to education and health schools. just resumed in parts of the us and canada with students returning to class without the mobile phones. the following in the footsteps of a strictly which already has on no phone policy in public schools. so clock has more from brisbane once and not on campus public schools in australia now a phone free envi

. >>> in the face of falling rates, jeffery gundlach looking for more. >> it might be time to start upping markets and if you are really intrepid in local currencies. >>> it is thursday, september 19th, 2024 and you are watching "worldwide exchange" right here on cnbc. ♪ >>> good morning thanks so much for being with us i'm frank holland. let's check on the futures futures are in rally mode. the futures are up 75 points the dow looks like it would open up nearly 400 points higher. nasdaq is up more than 300 points up over 1.5%. this action we are seeing after a turbulent session the dow and s&p after a fresh intraday high. this is the russell 2000 both hitting an intraday high. russell futures behind me is bigger gains with the small caps is the lone index to close higher yesterday they did close higher. right now, you see the futures up 2.5%. fed chair powell and company announcing the .50-point cut and signaling two more cuts before the ebds end of the year >> with the re-calibration with the strength in the labor market can be maintained in the contcontex of moderate growth >> right now

presidential library ♪ ♪ or send an eminent domain ♪ ♪ to miss mary ♪ ♪ it's gonna get scary ♪ ♪ young jeffery

. >>> and jefferies upgrades williams sonoma. >>> the uk economy sag cincinna-- stagnating for the monthf july. >>> and shares of 7-eleven's parent company in japan falling. there's a $38 billion deal they've asked them to retain all documents for a review. >>> and bank of japan policy makers will continue to raise interest rates they added that last month's market selloff has not changed the bank's plan. >>> coming up on "worldwide exchange," we have the one word that every investor needs to know today. >>> plus, trouble ahead for the big banks. shares are under pressure once again on new warnings from top sector leaders we're going to talk to oneop t analyst on whether the concern is real or overblown we'll be back on "worldwide exchange." have you ever thought of getting a walk-in tub for you or someone you love? now is a great time to take a look at getting a safe step walk-in tub. with safe step's standard heated seat and new fast fill faucet, you can enjoy a nice warm bath up to 20% faster! and the convenient touch pad control is right at your fingertips. each tub comes standard wi

>> i want to talk about jefferies actually.tock is down but worth mentioning because sometimes it can be a tell for the bigger investment banks as well, and they've had quite a year. you can take a look at the stock price itself. by the way, it's about a $16 billion market value now. they have about 253 million shares outstanding. a lot of that is nonvoting may not show up in some of the share counts. they've added i think over a thousand people during the downturn and they ranked highl highly in a number of areas. that said the reaction to earnings not particularly strong, although they generally had something very positive things to say about the capital markets in terms of where they are. net revenue $671 million. they were down 3%. that's the -- from the last quarter, but up 28% from the same quarter of last year citing solid overall market conditions and strength across a number of their businesses in equities and fixed income. equities by the way, 42.3% from the prior year in terms of net revenues and fixed income up 13.2

jefferies chief market strategist, david zervos joins us this morning. of our discussion and whether dudley or anyone else has made a case that has moved the needle in your own mind? >> not in my mind. i don't think things have moved that much. the 25 story is the most compelling for what they're likely to do, but i'llstick with what i wrote to you earlier and you insinuated in the opening remarks. the most important thing is to revise these dots at the end of '24 and the end of '25. if you look at the end of '25, for example, the fed has a 4.1% fed funds rate at the end of '25. that's really only -- that's 125 basis points over the next year and a quarter. that's -- if we're going to start talking about 50s now you're getting half of that done in a meeting. something doesn't add up. so -- and that was just the projection in june, so i think going 50 is a little bit scary for the market. i understand the idea of wanting to go faster, and i'm actually reasonably comfortable with the idea that we get to neutral, something around 3, 3.25 quickly. i would li

we could see a new house speaker, democrat hakeem jefferies, or continue with republican speaker mikeed house republicans in filing an am cuss brief in 2020 asking the supreme court to overturn swing state results and disenfranchise millions of voters and who right now is leading the charge claiming undocumented immigrants will be voting en masse this year, even though there's no proof of that and it is 100% illegal for noncitizens to vote. but he's pretending otherwise just to preemptively sow doubt about election results. the question of who has the gavel on january 6th, 2025 is incredibly significant because, honestly, i don't think trump and his cronies are even trying to win a majority of votes in the election at this point. it seems their entire focus has shifted to just getting trump into the white house no matter what. to do that, he needs a republican majority in congress, which could explain why last night trump was campaigning in the solid blue state of new york where there are a handful of tightly contested races that could determine who controls the house. but even beyond

corey tarlowe joining us from jefferies. speaking of trade, as the u.s.keep finding creative ways to get around the restrictions. seema modi has that in today's tech check. seema? >> the hiunger for nvidia chips is, from smuggling chips to using cloud-based providers like microsoft and amazon. keep in mind the current export controls only apply to the transfer of physical chips. however according to source familiar, the administration is looking into further restrictions that could ask those cloud-based providers to identify the location of the customer. the commerce department saying they are exploring enhanced measures to safeguard u.s. technology. we reached out to amazon and microsoft for comment. regulation has weight on the semiconductor sales to china in reesence years and revenue falling to 25% to sales of 2019 to around 29% today. minerva policy advisers, expect sales to be acknowledged by further regulation with both mentioning chips in the last debate. nvidia is reportedly launching a customized chip with the export ban and a potential export b

janice johnson, rick jefferies, and janell king, three people are all pit bulls fighting for honesty, transparency, and victory. they're fighting. >> he called them out by name. >> he did. he's pretty proud of those folks. i want to say one thing, joy, which is michael was just referring to this as having the force of law. i want to add a friendly correction to that. it's not law. they're rules. in fact, the reason that secretary of state brad raffensperger, the attorney general of the state, are fighting against these is because they say that these rules are in fact contrary to existing state election statutes and exceed the board's authority as it exists under georgia statutory law. >> if they sue, if there's a lawsuit, where does this go, which circuit? >> right now, there's a lawsuit about two other rules passed last month. that will be tried on october 1st in a fulton county superior court and theoretically, up through the georgia state court system. you're right to say this could end at the united states supreme court. i want to read you something justice kavanaugh said. running

having already produced it 1st by jeffery, find federal. it is expected to supply 25000000 liters a day to the domestic market. the september increasing that $13000000.00 lead us next month. but under the say, this will not entirely solve petro shortages in africa's biggest producer. how many degrees? i'll just see that i will get columbia and truck is, have blocked to major highways in main cities. the protesting shop increases and fuel prices. thousands of colombians have been forced to walk to work off the gridlock made driving impossible truck as union site plans to eliminate diesel fuel subsidies. will push the businesses to bankruptcy. the thailand is battling official invasion. the election tilapia has been found in waterways across the country, wiping out native species and from fish to any cheering has this report from somebody stuck on on the gulf of thailand. hatch of the day that he knows a well from one false gets a black 10 to lap you, hold out of homes on thailand's eastern seaboard. it's the epicenter of an alien invasion. t

coming up, sheila kahyaoglu of jeffries -- jefferies.. ♪ you know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. for nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which is pretty un-boring if you think about it. were you worried the wedding would be too much? nahhhh... (inner monologue) another destination wedding?? why can't they use my backyard!! with empower, we get all of our financial questions answered. so we don't have to worry. empower. what's next. jonathan: the opening bell, one hour and about 13 minutes away. equity futures pulling back by about 0.2% on the s&p 500. barclays downgrading procter & gamble to equal weight, expecting slower growth due to weakening sales in china. next up -- among the worst positioned for rate c

as you say , editor in chief clara you say, editor in chief clara jeffery.ane landed and the flight attendants wished everyone a blessed night, which obviously just a nice thing to do. but she was she found this terrible. she said replacement words such as great or fantastic would have worked just as well. and she said, this ain't someone she claimed someone next to her said, this ain't montgomery, sweetie, meaning alabama and the racist. yeah, yeah, there's some racist. yeah, yeah, there's some racist christian backward place. so it's absolutely disgusting and insane. but that's what these people are like. left wing people are not nice. and it's just. and they all steal that . just. and they all steal that. >> yeah, and they all steal. >> yeah, and they all steal. >> it's been blown up out of proportion into a new story. but it is kind of typical of the way that their minds work. it's a little snapshot into the they are they are horrible people. >> they never realised that the left think they're better than everybody else. so it's okay for them to get £100,

branwen jefferys, bbc news.e speaking to education minister, bridget phillipson. jon has more of the day's news. the government has promised to look into the problems caused by so—called "dynamic pricing" of tickets to gigs and concerts. the practice, which allows official ticket sellers to inflate prices when demand is high, will now be included in a planned consultation on protecting fans from ticket touts. it comes after millions of people tried to buy 0asis tickets over the weekend, as leigh milner reports. first came the hype. when both come together, you have greatness. then the disappointment. millions of oasis fans spent saturday morning battling lengthy online queues and technical glitches in the hope of bagging tickets to next year's reunion gigs. many of those who did get through then faced another hurdle. tickets costing hundreds of pounds more than expected thanks to so—called dynamic pricing. that's when high demand pushes up costs, a practice more commonly seen on taxi hailing apps or airline webs

. >> ambassador jeffery feltman, thank you for your time.ee you back here 10:00 eastern to noon. "the weekend" begins after a quick break. quick break. in studies, the majority of people reached an a1c under 7 and maintained it. i'm under 7. ozempic® lowers the risk of major cardiovascular events such as stroke, heart attack, or death in adults also with known heart disease. i'm lowering my risk. adults lost up to 14 pounds. i lost some weight. ozempic® isn't for people with type 1 diabetes. don't share needles or pens, or reuse needles. don't take ozempic® if you or your family ever had medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2, or if allergic to it. stop ozempic® and get medical help right away if you get a lump or swelling in your neck, severe stomach pain, or an allergic reaction. serious side effects may include pancreatitis. gallbladder problems may occur. tell your provider about vision problems or changes. taking ozempic® with a sulfonylurea or insulin may increase low blood sugar risk. side effec

cost implications, jefferies is estimating a $1.3 billion hit per month in terms of free cash flow let'sow long the strike lasts. if it's resolved next week the impact will be less. back of the envelope math every 737 max that is delivered probably delivers about $10 million in free cash flow to boeing they deliver just over 30, $00 million -- 300 million if it were to last a month that would be the financial implication. >> that's painful. phil, you mentioned management so they have a ceo that's been on the job for what like a month, and he's leading this >> yes. >> was brought in to fix the quality control issues, but this is a more immediate challenge. >> well, he knew this coming in. this is not like kelly orper got here and said the contract is expiring he knew coming in and said it's going to be a hefty price tag to ultimately get this resolved he's motivated to get this resolved he doesn't want this to go on. that said, the union is very adamant it wants at least 35%, all of them saying 40% as i mentioned earlier i'm not sure, my sense i'm not sure they get to 40% 25% that's not c

the estimate from jefferies.y on the cost side. bed out on thursday when the vote takes place, late thursday night pacific time we'll get results. back to you. >> so just watching from the sidelines on this. seems like this is probably a pretty good offer. they've probably made about as much as they could afford to possibly do, if talking about $900 million in headwinds facing as a result. if it doesn't pass, then what? >> then they go back to the negotiating table. look, there are going to be some members who have heard the number 40%. that has been thrown out there for some time, because they looked atwhat the uaw has bun, other contracts. look, those guys getting close to 40%, maybe 35%. whatever it might be's that number is in the mind of a lot of rank and file workers. they see 25%, and they look at that and go, hmm. okay. is that what i was thinking i was going to get? yes. back to the negotiating table, if thevote is "no". >> phil, thank you. >> you bet. >>> coming up, commerce secretary gina raimondo join

. >>> so that brings us to our first question from jeffery l. from the bronx.count supreme court overturn the 2024 election if donald trump loses? >> well, we did see, you talked about bush versus gore, the supreme court decided the outcome in that election. and so there is absolutely precedent for the court deciding the outcome of a close presidential election. i think, as we have been talking about, that only becomes a realistic possibility if there's one, maybe two states in which things are close enough for a lawsuit, that is again well lawyered enough that it has plausibility and throws into question the result in that state, and yes, someone could get the case before the supreme court and, i think there's reason to be very, very alarmed about what we've seen from this supreme court in the last few years and what it might do if given the power to decide the outcome of a presidential election. >> yeah, you don't want to give this crew a second run at bush v. gore. that just seems like a bad idea. this one comes from beth g. from your hometown of chicago, il

jeffery cowen joins us now with a look at some premarket movers. >> intel, right here, they're poppinging an offer to invest billions in the chip maker. that offer could be as much as $5 billion. it also comes as qualcomm is floating a takeover of the company, according to reports. shares of all three kpaepz on the move this morning. intel up just about 1% right now. apollo down just about 0.33%. we are also looking at shares of astrazeneca. this follows a disappointing result after a phase 3 clinical trial. it met scanners for a progression-free survival but did not a achieve significant statistical benefit. and keurig dr pepper shares are popping in the premarket after a big upgrade from citi, up just about 1.5%. the rating was moved to a buy. the price target moved to about $38. the coffee business, which is just about a quarter of sales, appears to be in an uptrend. citi citing flat growth last quarter following a more than 4% decline in the previous five quarters. again, shares of keurig dr pepper up just about 1.5%. >> thanks, frank. tech in focus in week. the nasdaq just posting

that's pilot officer alexandra nancy jeffery and she told me what it meant to have the prince of walesre going to have to meet new people and work with them from the get go. you build those relationships and those friendships along the way, but we're going to find ourselves in different countries, working with people from all different nationalities. we've been fortunate enough on this course to have four international students. so already that's begun. and so only by, you know, fostering the relationships and learning how to work well together. it's going to set us up really well for the future. >> and the prince of wales obviously was reviewing. officer. what was it like having him here today? >> it was an incredible honour to have him here. he's an air force pilot himself. he knows what we've been through and what we're about to go through . so to we're about to go through. so to have his words during the speech, wishing us well for our future careers from someone who's actually lived it himself and understands it's an incredible honour. >> well, prince william delivered a speech to