josh brown, i will toss things out to you at the josh cave. what do you make of the sell-off we're seeing rates the big story. >> look, you're at a two-year treasury at 5.06%. that was the peak, which we hit in march ever since that faded, and obviously that fading coincided with the banking crisis, that was your peak. now you're back there today but with a very different backdrop than we had in march the recession calls all over wall street in january, february and march were fresh in all of our heads. so when you saw yields fading, when you saw bonds rally, it made a lot of sense because you said to yourself, all right, we're probably -- we probably have already seen the peak for this cycle, and it's only a matter of time before the economy gets bad enough that the fed is going to have to start contemplating cuts and, in fact, there were a lot of expectations in march for cuts in the second half of the year today is a very different picture. today we're seeing yields rise this idea that there's going to be a cut at some point, the second hal

we have kari firestone, josh brown, jim lebenthal and rob sechan first, a check on the market at noon eastern off the highs of the day, the nasdaq still the leader up just 1% the s&p up under half a percent. and the dow holding on into positive territory up fractionally again on pace for a 14th straight day of gains the longest run since 1897 much more on the dow's big runup coming up. our "chart of the day. talking, what else, meta soaring on earnings. the company beat estimates across the board while offering up strong guidance rob, i'm coming over to you. you're long on meta. twhafls your take on this quarter? >> i think really positive accelerating growth across the board. they continue to execute they highlighted some of their use cases for ai the stock is still not expensive. we got long about ten times and i think thisis one of those companies if they can continue to focus on costs and see their core business re-accelerate, it should have more upside. >> people thought they were migrating away from the platform kari, you own facebook as well >> yeah. well, what we've seen is wh

great it was it appeals because it's family and is universal >> one of our panelists today is named josh brown, and he has a question for you regarding the program. ray romano, josh >> ray, i have a comment and a question "everybody loves raymond," the exterior shot of your house on the show was 135 margaret boulevard. i grew up in 124 margaret boulevard in merrick so i'm just throwing that out to you. you're back in forest hills. you have one night, you're going to take out a bunch of people for dinner, they're not from queens, they don't know where to go don pepe's in ozone park or park side in corona where are you going and why? >> that's a tough one because i've been to both of those >> i know that >> this is a sophie's choice you can't make me make this choice i'm going to get in trouble. we'll go to don pepe's, one for dinner and one for dessert >> all right, you got out of it. >> 1:00 today you're hitting golf balls, right? >> 1:00 today, the corporate round. tomorrow the tournament starts >> we wish you the best. i think you've come in 60th place twice. history is not supposed to repea

you are saying, the bar has been set very low, and it always exceeded >> yeah, but as our buddy, josh brown, was putting on thread today, they are too pessimistic. >> yeah. >> they are going to be too pessimistic again is his point >> well, they have a freebie to do that, because that's the other thought process. and then take into account bryn's comments, if you look at the private markets, it's difficult for pcs to raise money, and you are seeing a lot of existing companies that are on the precipice of going belly up and the reason being is that these vcs are saving their money because they don't know where they are going to have to deploy capital in their current portfolio to prop it up because they can't raise external capital. if we take that and say what about public companies, to bryn's point, i agree you see much more caution on cap x, and that's not good for industries that have seen expansion this year >> joe, mike suggests -- of morgan stanley, of course, that better feared is likely no longer good enough do you agree with that >> no. listen, a lot of what mike has said over the

josh brown said he doubled his position in a 52-week high.e warns people not to follow the tre yadifou cannot handle volatility. but i just like he had line. the exchange will be right back. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. >> welcome back. the feverish pace of tech layouts have cooled from earlier this year and last year. but cuts continue. finance, microsoft, and google are names that have announced cutbacks in recent weeks. that creates a lot of anxieties for visa holders. many work in the tech industry and have just 60 days to find a new job or risk losing their status. but now canada has launched a new initiative to attract this talent, as well as so-called digital nomads and faile

joining us a full house, josh brown, bryn talkington, jim lebenthal, kevin simpson and steve weiss. but first, let's take a check on the markets right now. we have seen a bit of a reversal in a few indexes, seeing the nasdaq up almost half a percent, reversing from being in the red earlier today. we're seeing the s&p up fractionally however, the dow is still down fractionally the big story, though, rates the ten year back above 4% right now at 4.038 just a tick higher than it was earlier today. and i think that's where we really have to start just a short time ago we heard austan goolsbee talking with steve liesman doing a great interview. he believes a soft landing can happen even with two more hikes, jim. what did you think about what he had to say, and do you think that is still possible >> i do think it's possible. it's actually my base case, frank. now i have to admit i didn't like the 0.4 month over month gain in average hourly earnings but let's see what cpi looks like one or two rate hikes, i think the economy can stand it it was november 2 that the fed raised rates to 400 b

we're going to begin with josh brown. we have a "halftime" trade alert for you. >> trade alert >> trade alert how do you like your toast how do you like your toast >> toast is a stock i started to buy very slowly a few months ago. i doubled my position this week. it's an average up my average cost was low 20s, now i think it's 23ish i'm not sure anyway, the way i was taught growth stocks you want to buy them on the way up not average down you want to buy them when you get confirmation of what you thought was happening is actually happening and the last time they reported earnings and a lot of analyst reports since then have a lot of confirmation that this has the potential to be one of the great growth stocks. so it's going to be very volatile nobody should follow me into any stock, especially not this one if you can't deal with the high beta i think almost twice as volatile as the overall s&p 500 it's tech. they haven't had a full profitable year yet. it's growth, it's high multiple. so if it's not your cup of tea, pleas

paging josh brown. paging josh brown. >> i know. i know a lot of our viewers noticed how bullish he was on toast everything >> they seem to noters everything. >> good! >> yes, it is. kristina partsinevelos up next, tesla's moment of truth and the company coming together to report earnings after the bell and just the last three months >> dan ivess is here, and later putting public service over profits and we'll bring you the details of a new bipartisan bill that could ban lawmakers from owning individual stocks is it dead on arrival or not we'll fiend out. we are live from the new york stock exchange, and closing bell on cnbc. ♪ ♪ ♪ opportunity is using data to create a competitive advantage. ♪ it's raising capital to help companies change the world. ♪ opportunity is making the dream of home ownership a reality. ♪ ...and driving the world forward to a greener energy future. [applause] sometimes the only thing standing between you and opportunity is someone who can make the connection. at ice, we connect people to opportunity. ah, the

josh brown, kari firestone, amy raskin and jim lebenthal the dow is good for 278. just shy of 1% it's a red for the s&p and the nasdaq 385 is the yield on the ten-year note jim, i come to you first because i do feel like it's time to have a growth versus value debate today. the laggards are leading, energy, health care, financials, transports strong lately and tech has taken a little bit after peelback today which i'm suggesting may be a good thing that we're taking a little break and see these laggards get something going >> it's making me feel good. i'm overweight the cyclical trade. i want to be clear, though, i don't think this is a situation nor have i said it's a situation where tech is fundamentally damaged. i think it's ahead of itself but you're seeing the broadening out right now. the most positive thing i can say, when you think about these sectors like energy, materials, financials, there's fundamental reason to be long going forward. earnings have been coming in better than expected economic activity, which should promote the profit growth for these se

josh brown calls himself thready n mu murphy you have to get on threads >> fine. >> come on silvana, see you later on. >>> turning attention now to of the -- now to the markets. june cpi inflation numbers out tomorrow as they search for a policy path forward. we have john williams telling the financial times he has slow growth, but not a recession in his forecast this as monetary policy tightening and credit tightening should weigh in the coming years. this comes on top of other three fed officials saying they need to raise rates further to bring it back to the target of 2%. joining me now is aneka treon. good morning >> good morning, frank >> john williams is the latest fed speaker to say there will be more hikes, but a soft landing last week, it was austan goolsbee do you believe it is possible? do we get two more hikes and still see a soft landing in the u.s. economy >> frank, it is all about the juxtaposition we have today. you have monetary policy which is hawkish you have fiscal policy which is sup suppressive to the economy think about the measures with the inflation reduction

. >> jimmy said something that's very interesting the economic recession, sometimes -- and josh brown has done a good job talking about this on the network. europe is in a statistical recession right now. if you look at the returns for italy, germany, spain and france, they rival nasdaq type returns, are the valuations of these companies too rich and the answer is the recession that's more important is the recession that we're in, the earnings recession two consecutive quarters of earnings contraction you're on the verge of now having a third consecutive quarter of earnings contraction. what happens next? the street expects that you get the v-shaped recovery, and if you get that v-shaped recovery then in q-4 you have double digit earnings growth, then i'm not as concerned about the valuation. if it's u-shaped in its nature to have a valuation concern. >> so i think it's interesting when you asked the question like which earnings going up does it matter, does it matter if it's broadening out what we saw from the banks was all these banks, bank of new york, citi, citizens, capital one,

we have kari firestone, josh brown, jim lebenthal and rob sechan first, a check on the market at noontern

. >> interesting let's turn our attention ahead to next week amazon and apple josh brown on halftimebe not like the setup, right of apple how do you assess apple? then we'll hit amazon quickly. >> yeah, the apple valuation is so high. it's held above $3 trillion. that's impressive. the sales growth has gone down in the past couple of quarters and probably will at this time the question for apple is going to be an endurance question. how long can it stay at this level if sales continue to go down obviously it's a money printing business, mainstay, people hold it that's why it's been able to get to where it is but, again, if the feeling shifts a little bit, will it drop below that level? i think that's quite possible. >> look at that valuation for amazon 43.5, now 75 times stock is having a great run. a lot of optimism about what they're going to do when it comes to ai, including from you, right? you were at an event yesterday here in new york city, right, their summit >> that's right. i spoke with amazon's vp of product, matt wood he's on aws. he works on a.i. there i said, this is ki

josh brown, kari firestone, amy raskin and jim lebenthal the dow is good for 278.ed for the s&p and the nasdaq 385 is the yield on the ten-year note jim, i come to you first because i do feel like it's time to have

joining sus josh brown, jim lebenthal, stephanie link and jason snipe. a quick check on the market to see where things are as we await the key results after the bell we are in positive territory, although marginally so the nasdaq leading the way higher by 0.6% the dow jones industrial average on both sides right now but holding positive above that marker by 0.2% the yield on the ten year sitting below 4% at 3.89%. we are leading the way with materials and information technology for the sectors, financials and industrials are lagging. the vix, though, is still pretty quiet, below 14. and wti is higher today but still sitting just slightly under $80 a barrel we have a lot going on here. we have a fed decision tomorrow, big tech decisions alphabet is coming up here after the bell there are so many different ways we can slice this. if you're an investor, what's most important to you? is it cloud, ai innovation where are you looking? >> it is ai innovation before there, the most important thing for me as an investor in alphabet, it's one of the most attractiv

joining sus josh brown, jim lebenthal, stephanie link and jason snipe.a quick check on the market to see where things are as we await the key results after the bell we are in positive territory, although marginally so the nasdaq leading the way higher by

now the investment committee debates where your money is likely to go from here joining me josh brownstephanie link, jason snipe. the dow is good for 380 right now. the nasdaq pulling up the rear it rarely does that but is still up a quarter of a percent. we'll get to all of that we have so much to get to today. we're going to

jim lebenthal, stephanie link, josh brown and back with us shannon saccocia, chief investment officerrm and private wealth. let's check the markets. have a good day going. dow at the

joining us for this hour downtown josh brown, joe terranova, amy raskin and sarat sethi.on the markets right now a down day on wall street all three indices down at least 1% the nasdaq and the dow both down about

jim lebenthal, stephanie link, josh brown and back with us shannon saccocia, chief investment officer at new burger firm and private wealth. let's check the markets. have a good day going. dow at the highs of the day, good for 220 the s&p 500, one half of 1%. and the aforementioned nasdaq at the high of the day as well. ai and 0.3% the rates under 4% you've had elevated rates, the nasdaq 100 rebalance, maybe that's been weighing on the mega caps a little bit. what's your perspective here of what the real state of this trade is >> i think we're going into an earnings season now that is expected to be down 7 or 8%. it would be the third consecutive down earnings season, and i think what market is sniffing out here is that those projections are probably worse than what we'll actually get. if you look at some of the early reporting companies, you had a lot of beats if you look at the way last quarter wept, you had a really bad expectation and things came out pretty okay. i think investors like when the bar is really low. think investors like the idea that with system down as much as they

joining us a full house, josh brown, bryn talkington, jim lebenthal, kevin simpson and steve weiss.eck on the markets right now. we have seen a bit of a reversal in a few indexes, seeing the nasdaq up almost half a percent, reversing from being in the red earlier today. we're seeing the s&p up fractionally however, the dow is still down fractionally the big story, though, rates the ten year back above 4%

uber, talked a lot about it this week with josh brown when he was here earlier joe, you own it as wellerated top pick at jpmorgan. the stock has been in an undeniable uptrend obviously, it's up 50% in three months. it's up 53% or a bit more than that what is that 88% year to date. i mean, unbelievable gain there. the price target is 55 over finally the ipo price of 45 you guys have done a great job calling this and i have to give josh props, he's been in the stock a long time, he has waited and waited and now it's finally breaking out big time. >> i will see your 55 and raise that to 65 because i think that's where it's going. i think it's going to an all time high. the profitability is the story keep in mind that you have an comic-con traction in europe so you're not really seeing the strength of international for this company i know we've talked a lot about the eventual inclusion in the s&p 500 at some point if that were to occur what that would mean i know josh compared it to what we experienced with tesla. but i think you just really have to focus on the dramatic change that this c

million sign-ups in the first 11 hours, including yourself >> yes, and andrew sorkin and downtown josh brownave sent me good stuff already zuck has not, which is disappointing. i expect him to be following me, i do, and going and having interactions it's still early where he is we've been trying to figure out how much money you can ascribe to it and i think it's going to be part of a package of a boy. i think if you're making a sales pitch, you'll say, listen, and we'll throw this in and in that sense, it's hard to figure out the roi, but you effectively go to -- basically cutting into linda yaccarino's bailiwick. i've always found if you give away advertising, it's better than making people pay >> yes so, yesterday, you said, game, set, match >> game, set, match. it's fantastic andrew, great post there's just -- and i invite the people i like and the myriad haters that made me mid-single-digit most hated person in america, right above, not kidding, right above putin, which i felt that putin and then me, but no it was me, then putin. that always disturbed me i got that from senior management