. >>> coming up, jon fortt sits down for -- with an a.i.lping companies break down data he will join us next there's so many cameras mongvi here, contessa i can't follow it. [ laughter ] >>> let's talk about -- mostly above their lows, but far from the heights of late 2021 this week jon fortt brings us up close with a serial entrepreneur that's used to battling back. >> tom seibel sold to oracle, and these days he's cofounder of a public company that helps customers use artificial intelligence to solve business problems c3.ai stocks has plummeted, but it's on safari in 2009, he was literally pummelled by an elephant and nearly died >> five tons of elephant, and to this minute, i can see it, i can smell it, i can see the tusk, the hair follicle, the eyeball, the hoof so i'm standing my ground and it was like, you know, we had a mental exchange. >> how long was that pause, do you think? >> maybe three seconds three seconds. it's very surreal, because you don't really have a place in your brain to put an elephant, okay there's no context for t

. >>> good monday morning, welcome to "techcheck," i'm carl quintanilla with jon fortt and deirdre bosa this doesn't happen too often, appearing together at cnbc headquarters. >> you wouldn't believe what dee and i had to do -- >> you've had the card. >> yeah, today the bears are out and they're coming for tech, why one analyst says we are still set up for a rally amazon and the ceo plug power on that acquisition and health care a ambitions, later on apple files a trade mark, netflix considering a pricing change. >>> we begin today with tech stocks getting crushed, nasdaq down more than 1%. we are right around session lows, only six points off of it for the nasdaq and, you know, on friday, carl the markets rallied a brief moment after that hawkish speech and there was this thought that markets had come into more alignment with the fed speech, right after, but there's room to go and the question is, how much more does it have to do? we've got a big week of earnings, too, that will give us some direction and the jobs report on friday. >> maybe some of this is just catching up. fed officia

i'm jon fortt. we must keep at it until the job is done. jay powell delivering a hawkish speech that another big rate hike could be coming and more pain ahead for the economy what does that pain look like and how do you position your portfolio? >>> and tech hit hard on the prospect of more rate hikes. one of my guests says stick with it it may get ugly, but the bottom is near. >>> and special jackson hole edition of three buys and a bail the one stock you should own given what we heard from powell today. that is ahead. we start with the selloff. bob is back at the new york stock exchange >> jon, the important thing is average stocks down 2% some bifurcation in the market the dow industrials hit by home depot. the s&p 500 between 4100 and 4200 all day it is a little bit off the lows as you can see not much nasdaq is down a little bit more on the percentage basis. that is where the big cap tech speculative tech is hit hard look at speculative tech these are cathie wood stocks jay powell was doing a growth scare or interest rate scare, these a

i'm carl quintanilla with jon fortt and joe julia boorstin. first get a news update with contessa brewer. >> hey there, carl price games in the u.s. housing market strong but weakening on mortgage data company reports. up annual rate 7.3% in june. down 2%. biggest drop since the company began tracking prices in the early 1970s. as rising mortgage rates, of course, pulled demand. >>> a union representing some workers at starbucks stores accusing the company of cynically raising wages today just for non-unionized workers management says it can't make the changes without going through bargaining at unionized locations but the union had said had will waive requirements for the new benefits according to a letter obtained by cnbc. the national labor relations board ultimately could be called in tore make a decision. >>> justice department challenging multibillion dollar plan to buy a nashville-based health insure ir kicks off a trial today. seen as major test of the biden administration tougher antitrust stance and something, jon, has got to come sb

mary told jon fortt that the fed is nowhere near almost done. she said she has been portrayed in the bond market and we expected this and talked about this last week this idea that the fed the pivoted, there is now a pushback by the fed or some fed officials that some kind of imminent or early 2023 rate cut is in the works here. >> although 50 in september being reasonable, you know, he could have said, well, 75 seems more reasonable. he did not he used the word "reasonable" around 50. does that jive with where evans has generally stood? are you surprised at all by the remark or no >> no. i think charlie is one of the more, what do you want to say, cautious rate hienkers out there he's on board with raising rates with the overall thrust of fed policy to fight inflation. but he wants to go among the fed members a little bit more slowly i think he's right with the center of the board right now. that's probably depending upon that inflation report we get next week in line with a 50 right now but that could change to 75 if we do double digits and do

." >> good tuesday morning, welcome to "techcheck," i'm carl quintanilla, with jon fortt, deirdre bosa and julia boorstin. stocks sinking again, bouncing off a decline of 400 what is driving down the names to target at the bottom. >>> in the metaverse, what apple's entry into the market means for meta. >>> then later, the ceo of vmware, talking earnings, and the outlook for cloud. >>> we're going to kick of today's feed with a look at big tech, some cracks in the armor begin to show the nasdaq plunges the third day in a row now down more than a percent this morning dom chu. we've seen this reversal, big tech has held up a little better, especially apple but over the last week you've seen the cracks as i said in big tech show. >> not just that those cracks might get even bigger if the economic narrative holds true the way it's playing out right now. we are back in what seemingly is a good news is bad news situation. the economy is getting better. there's more job openings out there. could that mean higher wages, inflation, could that still be an issue all of those things are playing out

i'm carl quintanilla with jon fortt today.e are up 30 plus, market up currently 18 that market is on pace for the best since the ipo then results from baba, booking, ebay, what they tell us about the current macro environment. later on, service now and equinix. a busy hour, jon >> yes, a busy hour. kicking off with coinbase, up about 18%. it had been higher on a trading partnership with black rock, the world's largest money manager. for now it gives black rock's customers ability to own and trade. that said, given bitcoin is down 42% since early april remains to be seen how sustainable institutional demand is, but coinbase is down 60% for the year for now coinbase shares today having the best day since the first day of listing on a percentage basis up more than 45% just this week. here to help us break it down, kate rooney. hey, kate. >> hey, john this is definitely a sign of legitimacy for coinbase. it is good news and it has been trying to grow the more institutional side of the business, the retail trading side has slowed d

. >> coming up, jon fortt is going to bring us his interview with san francisco fed president mary daly, hitting everything from the economy to equy itand inclusion. working lunch is next. we will be right back. >> announcer: the bond report is sponsored by pimco, a global leader in active fixed income. >>> friday's strong jobs number renewed concerns about how the high demand for labor is adding to pressing up on inflation. this week jon fortt brings us up close with a federal reserve official whose relationship with work started very early. jon. >> yeah, tyler, mary daly is president and ceo of the san francisco fed. she also dropped out of high school to work at age 15 after her parents got sick daly went on to earn her ged, bachelor's, masters and doctorate in economics she learned to thrive, until one day one of her superiors put up a barrier that stunned her. >> and then someone told me that i wasn't going to be able to go in front of a specific group because i was gay. and it might be an embarrassment or it might not sit well because maybe the people we were going to speak to did

. >>> i'm jon fortt in for kelly evans. here's what's ahead. just three days ahead of the july jobs report, mary daly tell me there's still a long way to go in the fight against inflation. what she thinking needs to happen with in -- we're going to talk to the ceo of misfits market >>> and chips, coffee and credit, the action, story and trade on amd, starbucks and paypal as they report this afternoon. first, to dom chu on today's market action. >> it looked like it would be a sell-off today, but it's not >> everything happening right now is leading to at least a bit of moderation. the s&p 500, again, session highs, up 21 points. we were down as low as 39, so 17 points, 4 is 36 the real outperformer up about interest rates. if you look at the spread, the difference in rates between three-month treasury bills and ten-year treasury notes, that's one of the preferred gauges of the yield curve that some dreers and investors look at as a possibility indicator. at one point today, it actually inverted ever so slightly, only to go higher again we're no

i'm carl quintanilla with jon fortt today.s on pace for the best since the ipo then results from baba, booking, ebay, what they tell us about the current macro environment. later on, service now and equinix. a busy hour, jon >>

i am jon fortt in for kelly evans.bor front, the july jobs report coming in much hotter than expected a look at how the fed could get with a potential fallout for the markets. plus consumer are spending big on experiences, helps livenation for a big quarter. we're l

i'm jon fortt with carl quintanilla. big earning movers this hour lyft and doordash, while warner brothers recovery plummets ceo of the trillio and godaddy as we see most important results this hour. >> jon, start the feed with the jobs number from this morning. far better than expected, you may know by now. 528,000. best gain since february unemployment falls to 3.5. pretty much lowest since february of 2020 wage growth higher up more than five year on year all data silencing fears of recession. at least for now leavingfor -- bracing for my rate hikes. here to break it down, mike santoli, and interesting to hear jan hatzius stick with gold for 50 at september. >> still debating. 75 looks more likely but a long way until the fed meeting third week of september. interesting the last couple weeks, you've really not gotten a lot of fresh data that said recession is more likely than we thought. even though a common sense out there that the rally we've seen in the et kuwait market is mostly about the idea the fed would come of

i'm deirdre bosa in san francisco with carl quintanilla and jon fortt out east today a breakdown of the consumer across the ecosystem. the top gainer on the s&p as small business demand proves stronger what peloton's new partnership with amazon means for the d to c names as names across the space get a boost. finally, is tiktok ruining the internet more on how it is changing the digital landscape? that's all later this hour. >> we'll start with a read on small business drengt. intuit shares popping on an earnings beat. strong outlook, dividend raising, you can see there, up more than 5% so far this morning. it's the top gainer in the s&p so far this is a prime example of a pandemic name where the fundamentals are continuing to work and the stock -- the stocks aren'tnecessarily the ones tha are going to continue to perform. intuit has benefited over the last couple years as small businesses went digital to survive. it didn't chase trends instead aggressively invested in its core mission, buying companies like credit karma and male mail chimp those are closer to becoming what i would call

i'm carl quintanilla with jon fortt. deirdre bosa has the day off today paypal surging elliott revealing it has a $2 billion stake. amd and airbnb sliding after their results. a concern for both of those names. another earnings interview, anthony noto, the ceo of sofi will join us in about 30 minutes. investors like the q3 guide. interesting mix of results today, jon >> yeah, carl. we'll start with paypal. shares higher after a beat across the board raising full-year guidance as well revenue up 9% year over year the company did report a net loss compared to a nearly $2 billion profit in 2021 a big focus on cost cutting, expected to reduce spending by $900 million this year, $1.3 billion in 2023. one area they are sharing, the other big news driving the stock, investment from activist elliott. a day after revealing a pinterest position, they've amassed a $2 billion stake in paypal last fall it was rumored those two companies were exploring a merger which had me scratching my head, carl. i wonder what elliott is going to d

i'm deirdre bosa with jon fortt and julia boorstin half past the hour, the dow is up nearly 5% nasdaq2.5% after the better-than-expected inflation numbers. the growth trade on fire this morning. more on the media outlook after a slew of bad reports. disney results tonight, chairman of sony pictures will join us to discuss it all in just a moment. first, a news update let's get to christina >> good morning. here is what's happening at this hour prices that consumers pay for a variety of goods and services rose 8.5% in july from a year ago. that's less than expected and less than june's increase due to a drop in gas prices shelter costs make up about one-third of the cpi are up 5.7% over the last 12 months. nikola announcing mark russell will retired, replaced by michael lohscheller who joined back in february archer aviation incorporation announcing a $10 million predelivery payment from united for 100 electric vertical take off and landing aircraft this technology could help the carrier reach carbon neutral targets while also helping aid consumers with commutes across the globe. mike,

i am jon fortt in for kelly evans. a big on the labor front, the july jobs report coming in much hotter than expected a look at how the fed could get with a potential fallout for the markets. plus consumer are spending big on experiences, helps livenation for a big quarter. we're joined live with the ceo on what he's seeing. >>> and the fed's impact on housing. more lenders have been hit hard by rising rates. there could be a shakeout in the industries he details are ahead the july jobs report and steve liesman. steve? >> jon, thanks job growth unexpectedly surging in july. bolster the case at the fed for continued hefty rate hikes jeffries is writing -- forget recession. the market narrative should be shifting to stronger for longer. set to accelerate. this could cause real wages, income spending at gdp to accelerate sharply in the third quarter. the data suggests a bit part of the employment rebound is employers getting back to the level they were at before the pandemic take a look at some of these numbers. here's wh

i'm carl quintanilla with jon fortt and deirdre bosa snap cutting a fifth of its workforce, but the stock is surging. we'll tell you what's behind that reversal in a moment. two sides of the hp coin hpq warns of a significant slow down while hpe forecasts enduring demand. our exclusive with hpe ceo is next b of a likes activist elliott in the name and what it means for future shareholders. guys, got to start with snap this morning, down big in the premarket, but now in the green as they confirm that good scoop yesterday. >> this is a big deal i think, carl, because of -- i don't know if you want to call it a head fake, a crossover, they're cutting 20% of the workforce yet they're saying they're still going to be at a higher level of employees than they were a year ago which means they grew 25% or more in a year they were wrong to do it, right? this is echoes of amazon and what they said about snapping. shopify. we saw this in e-commerce. now we're seeing it expanding into other areas i wonder, dee, how long before this moves outside -- it's really -- the consumer is at the root of all of

now >>> good monday morning, welcome to "techcheck," i'm carl quintanilla, with deirdre bosa and jon fortt. down 2% today, rough stretch last week as well. got this muddled market message, and sentiment weighing on investors post earnings ahead of jackson hole it's good to be back together. but we have the three-week high and bond selloff, ten-year yield a one month high. >> last six to eight weeks, separate from last week you've seen this rally especially in some of those high growth names and this debate has raged, is this a bear market rally or the start of a bull market, the nasdaq at session lows, jon, with earnings season out of the way, investors are now focused on the macro, on jackson hole, on some of those risk factors. we saw that winning streak muddled last week. >> i was last here about 12 days ago. major indices. what's changed nothing. things are in the same place i know a lot as changed under the covers there, but yeah, i mean, it seems like macro is a big part of what investors have to sift through here we've been hearing for weeks and weeks, here's what a bear market boun

i'm jon fortt. investors anxiously awaiting fed chair powell's big speech at jackson hole tomorrow. we will look at what a transformation into a dove would look like for powell and what that would mean for your money plus, the peloton ceo compares the company to turning a cargo ship as it tries to evolve it's not the only company hoping to pull off a transformation as demand for its product wanes a post-pandemic reinvention and can they succeed making payments, making a fashion statement and making yourself look good we have the action, story and the trade on affirm, gap and ulta in today's earnings exchange we begin with the markets and bob pisani bob? >> reporter: the market is holding up off of the highs. there daent seem to be too much jitterness the dow, s&p, nasdaq all up. we're up two days in a row off the s&p. we're down for the week but up almost 1% for the month for the s&p. the dow industrials are up fractionally the market is not acting like powell is going to suddenly turn into a new higher level of hawkishness. the growth sectors are bouncing. nvidia opened at 168 now

this week jon fortt brings us up close with a ceo who uses communication and optimism to focus his workn the future hi, jon. >> hey, ty, bill mcdermott is ceo of service now, an enterprise software company, trying to change the way businesses run internal operations he grew up in a working class long island family and eventually became an executive at xerox and ceo of s.a.p. before that he delivered papers, bagged groceries, waited tables, even ran his own deli starting at age 16 competing with the local 7-eleven >> and then ultimately, you know, we built this video game room i don't know if you remember that, jon, the asteroids and the packman. but my idea was to get those kids to walk a block and a half past 7-eleven to my store. >> the 7-eleven would only let them in four at a time, right? >> they let them in four at a time, and i went down there -- >> because sl shoplifting concern? >> i said don't worry about that, letting them this my store 40 at a time. >> you can't shoplift an arcade machine, you got to put the quarters in. >> also i let them hang out at the store. and at the en

i'm jon fortt. we must keep at it until the job is done.ng a hawkish speech that another big rate hike could be coming and more pain ahead for the economy what does that pain look like and how do you position your portfolio? >>> and tech hit hard on the prospect of more rate hikes. one of my guests says stick with it it may get ugly, but the bottom is near. >>> and

i'm jon fortt. here's what's ahead. the bears largely controlling the narrative once again, but will they stay in charge morgan stanley says they have one last act to play a look at how long that act could be and where you should turn for opportunities. >>> as more cracks continue to show in the housing market, one real estate investor says there's an area of the market that will hold up better than others that investor joins us ahead. >>> speaking of housing, we're going to get the latest read on the builders toll brothers reporting after the bell, plus two more retail names on deck. we will get you set up for all of it in earnings exchange, but we begin with today's markets and bob at the new york stock exchange. >> the markets are fearful of a hawkish speech from jay powell on friday, but right now, we're holding up on the flat line with the s&p 500. as you can see down 1. the dow is down more because of some weakness in united health, down about 9 points, that's about 70 points alone in the dow jones industrials. th

this week jon fortt brings us up close with the ceo of one of today's hottest security tartups whichhis very problem. >> christian noo capioppo is cofounder and ceo of vanta kpae the company exposes flaws so they kcould be fixed she got her start in business in ohio when she started the art of buying and selling beanie babies on ebay. >> those websites and businesses kind of foreshadowed something like shopify or the rise of things like that at the time it was very early ebay, and so a couple of years later, i tried to flip some of my old beanie babies on ebay this was like money orders right, like biking to kroger, just like the grocery store to go get money orders and basically like sliding a bunch of dimes and quarters across the counter and the clerk was like what's going on here here's your money order, little girl. >> money orders. she ended up going to stanford working in venture capital, learning to code then trying a few startup efforts that failed because they weren't solving big enough problems it's after she took a product manager job at drop box that she found a big one,

i'm carl quintanilla with jon fortt. deirdre bosa is off today. uber revving up guidance while turning cash flow positive for the first time shares enjoying their best day if a couple of years, even with the big loss much more on what its results mean ahead for investors lyft and airbnb later this week pinterest's stocks up double digits, despite growing concern over ad spend. is eliot's veinvestment a reaso for you to buy as well and we'll look at all of tech. and we're going to monitor the situation in taipei, after speaker pelosi lands in taiwan a few moments ago. first some breaking economic to get to and for that, we'll turn to steve liesman. >> good morning, carl. the new york fed's household debt and credit survey showing that inflation is pushing up household debt this stands to reason, as prices rise, the thing that you want to borrow for, that goes up in price as well. so you have to stretch and increase the size of the debt. household debt rising by $312 billion, to $16.1 trillion the 8% increase is one of the bigger ones we've seen las

." >>> good thursday morning, i'm carl quintanilla with deirdre bosa and jon fortt crm might need to force sales, nvidia has a chip on its shoulder peloton, staging a second half turnaround and finally the ceo of sofi is with us, aanthony nodo joins in just about ten minutes. >>> we're going to start with a pair of earnings movers, take a look at snowflake and sales force. revenue did come in above estimates. product rose profit margins, expected 75% for the coming quarter, last time we spoke with the ceo he doubled down to commitment to consumption based model, that strategy appearing to pay off right now on the other hand, salesforce trimming full year estimates for eps and revenue, announcing it will raise prices on slack while the board approves a $10 billion buyback, the first in the company's history, the stock is right now the biggest drag on the dow, up about 130 points we also want to take a quick look at autodesk, that stock popping, and we will seek to the ceo later this hour. mixed set of results here. snow and crm saying different things about enterprise spend, this is w

starts now >>> good friday morning, welcome to "techcheck," i'm deirdre bosa in san francisco with jon fortt back at headquarters, three big stories today, of course the fed and jackson hole, all eyes are on the markets as powell promises to lower inflation, the nasdaq is down about 2% at the moment live in wyoming this hour. later, a suitor for electronic arts, deals that took over the street briefly this morning, but does a deal for amazon actually make sense finally, we're going to look at a firm, the stock is getting crushed this morning, the founder and ceo max levchin is going to join us later on in the show. >>> the nasdaq is getting closer to session lows, tech and the growth trade, the obvious underperformers today, there was a thought going into the fed chair's speech that perhaps the markets had come into better alignment with fed speakers, what we've heard from them, over the past two weeks, but jon, maybe not anticipating this much hawkishness, markets still working through this, but powell used words like forcefully using tools to restore price stability and the takeaway seems

i'm jon fortt. investors anxiously awaiting fed chair powell's big speech at jackson hole tomorrow.t a transformation into a dove would look like for powell and what that would mean for your money plus, the peloton ceo compares the company to turning a cargo ship as it tries to evolve it's not the only company hoping to pull off a transformation as demand for its product wanes a post-pandemic reinventio

i'm carl quintanilla, jon fortt, deirdre bosa head take or -- markets come off their worst day since june, and what's next with satori funds, dan niles, and feeling the stick of crypto winter, a lot more on you brian armstrong is handling the volatility, an exclusive you don't want to miss this hour don't think we forgot about intel. inside look at the company's new $30 billion deal with brookfield, what it signals for intel, chip industry, and capex. >> we're going to kick off today's feed with duelling stories in software. zoom is plummeting this morning after cutting its outlook for the next quarter and the year. shares are now on pace for their worst month since april. see down, they're more than 13%, cfo warns new paying subscribers proving harder than expected to come by, zoomphone doing fine, though, in the opposite direction, palo alto networks, biggest gainer on the nasdaq this morning, up more than -- the company announcing a three for one stock split set to take effect on september 14th dee, this is sort of a sign of the times, security so important, the moves to the cloud

i'm jon fortt. here's what's ahead.gely controlling the narrative once again, but will they stay in charge morgan stanley says they have one last act to play a look at how long that act could be and where you should turn for opportunities. >>> as more cracks continue to show in the housing market, one real estate investor says there's an area of the market that will hold up better than others that investor joins us ahead. >>> speaking of housing, we're going to get the latest read on the builders toll brothers reporting after the bell, plus two more retail names on deck. we will get you set up for all of

this a situation where the embrace of amazon is a wise move for direct-to-consumer company john jon fortt to weigh in >> what a difference a day makes. ye yes, it is a smart move. peloton needed to face reality amazon has a giant pool of likely buyers searching for peloton on the site, not finding any about a half million times a month. right at the time when peloton needs to save money on marketing. it needs to generate cash by selling hardware quickly and efficiently with few returns if it's going to survive without laying off more employees. amazon will provide new demand and back peloton up with sq customer service but the concern is overblown people are already searching for pelotons on amazon and not finding them and buying something else while there's some risk, it's a lower risk once a customer signs up, they can make this work >> it will probably provide a demand boost in the near term. >> on the other hand, partnering up with amazon is not a good idea it's a band d-aid on an infectin and give peloton less urgency to focus on the festering problems. it's not that they built too m

i'm deirdre bosa in san francisco with carl quintanilla and jon fortt out east today a breakdown of theem. the top gainer on the s&p as small business demand proves stronger what peloton's new partnership with amazon means for the d to c names as names across the space get a boost. finally, is tiktok ruining the internet more on how it is changing the digital landscape? that's all later this hour. >> we'll start with a read on small business drengt. intuit shares popping on a

i'm carl quintanilla, jon fortt, deirdre bosa head take or -- markets come off their worst day since dan niles, and feeling the stick of crypto winter, a lot more on you brian armstrong is handling the volatility, an exclusive you don't want to miss this hour don't think we forgot about intel. inside look at the company's new $30 billion deal with brkf

i'm carl quintanilla with jon fortt and deirdre bosa snap cutting a fifth of its workforce, but the stockwe'll tell you what's behind that reversal in a moment. two sides of the hp coin hpq warns of a significant slow down while hpe forecasts enduring demand. our exclusive with hpe ceo is next b of a likes activist elliott in the name and what it means for future shareholders. guys, got to start with snap this morning, down big in the premarket, but now in th

." >> good tuesday morning, welcome to "techcheck," i'm carl quintanilla, with jon fortt, deirdre bosarstin. stocks sinking again, bouncing off a decline of 400 what is driving down the names to target at the bottom. >>> in the metaverse, what apple's entry into the market means for meta. >>> then later, the ceo of vmware, talk

i'm carl quintanilla with jon fortt. deirdre bosa is off today.ile turning cash flow positive for the first time shares enjoying their best day if a couple of years, even with the big loss much more on what its results mean ahead for investors lyft and airbnb later this week pinterest's stocks up double digits, despite growing concern over ad spend. is eliot's veinvestment a reaso for you to buy as well and we'll look at all of tech. and we're going to monitor the situation in taipei, after

." >>> good thursday morning, i'm carl quintanilla with deirdre bosa and jon fortt crm might need to chip on its shoulder peloton, staging a second half turnaround and finally the ceo of sofi is with us, aanthony nodo joins in just about ten minutes. >>> we're going to start with a pair of earnings movers, take a look at snowflake and sales force. revenue did come in above

i'm jon fortt with carl quintanilla. hour lyft and doordash, while warner brothers recovery plummets ceo of the trillio and godaddy as we see most important results this hour. >> jon, start the feed with the jobs number from this morning. far better than expected, you may know by now. 528,000. best gain since february unemployment falls to 3.5. pretty much lowest since february of 2020 wage growth higher up more than five year on year all data silencing fears of recession. at least for now leavingfor -- bracin

now >>> good monday morning, welcome to "techcheck," i'm carl quintanilla, with deirdre bosa and jon fortt got this muddled market message, and sentiment weighing on investors post earnings ahead of jackson hole it's good to be back together. but we have the three-week high and bond selloff, ten-year yield a one month high. >> last six to eight weeks, separate from last week you've seen this rally especially in some of those high growth names and this

starts now >>> good friday morning, welcome to "techcheck," i'm deirdre bosa in san francisco with jon forttack at headquarters, three big stories today, of course the fed and jackson hole, all eyes are on the markets as powell promises to lower inflation, the nasdaq is down about 2% at the moment live in wyoming this hour. later, a suitor for electronic arts, deals that took over the street briefly this morning, but does a deal for amazon actually make sense finally, we're going to look at a firm, the stock is getting crushed this morning, th

i'm carl quintanilla with jon fortt.pal surging elliott revealing it has a $2 billion stake. amd and airbnb sliding after their results. a concern for both of those names. another earnings interview, anthony noto, the ceo of sofi will join us in about 30 minutes. investors like the q3 guide. interesting mix of results today, jon >> yeah, carl. we'll start with paypal. shares higher after a beat across the board raisingll

i'm carl quintanilla with jon fortt. d deidre has the day off nasdaq bounced back in july.down kathie woods thinks so calling it new leadership and breaking down some of her calls within tech. then now heard from a lot of tech heavyweights. some warning of further deterioration in ad spend. others, need to reduce hiring. some a

. >>> good monday morning, welcome to "techcheck," i'm carl quintanilla with jon fortt and deirdre bosatoo often, appearing together at cnbc headquarters. >> you wouldn't believe what dee and i had to do -- >> you've had the card. >> yeah, today the bears are out and they're coming for tech, why one analyst says we are still set up for a rally amazon and the ceo plug power on that acquisition and health care a ambitions, later on apple files a trade mark, netflix considering a pricing change. >>> we begin today with tech stocks getting crushed, nasdaq down more than

speaker nancy pelosi made a troval controversial viss week to taiwan was the trip good for business jon forttweigh in. >> it was good for business, and the timing was important let me acknowledge what made it controversial. taiwan is a prosperous nation that china views as a break-away province that it has every right to take back and the u.s. position since 1972 has been to stick our fingers in our ears and say la, la, la. but a lot has changed in 50 year china's become a super power taiwan's become an essential global supplier of computer chips, and the policy of engaging china in the global economy has not weakened the communist party's grip upon power. the opposite has happened. it has emboldened china to squash democracy in hong kong. the u.s. has helped stave off russian aggression right now, and it would be a bad time to wrestle china, too that's why it's a good time for pelosi to remind china that we have our eye on the ball it makes it less likely that they will disrupt business in asia >> it ratcheted up tensions no doubt at a time when business don't need another point of uncertain