we have downtown josh brown, shannon, and first let's get a look at the market. the dow is off of its low, and the s&p and nasdaq moving into positive territory. both up just about a quarter of a percent. the small caps, the most interest rates sensitive indices up. that's where we have to pick up the conversation, joe, rate pressure on the market. is that the only thing weighing on the market in your mind? >> the macro overall is certainly weighing on the market was move to the end of the quarter, and the seasonality of the quarter has been very accurate. it's the combination of student loan implementation on october 1st, the potential on the government shutdown, and obviously yields and the dollar moving higher. in the last couple of weeks, it has been oil. collectively that has broken the sentiment, but what i don't think it has done is broken the trends in the overall market for 2023. that's where you have to be careful. a lot of times people see the macro and they see the deterioration in the macro like we have had over the last week coming out of the federa

got some exciting stuff, josh brown. >> it's going to be a lot of fun.e some great guests on the air, live from there, here on cnbc. so if you are not going to be joining us live, the next best thing is to tune in to "halftime" and "closing bell." >> yes, sir. look forward to being there, seeing you out there with some other friends of ours, too. "final trades" in the minute that we have left. bill? >> oracle. they report next week on monday. so they have one of the best reports coming in june. they outperformed the nasdaq, up 7%. there's something there. >> positive street call. farmer jim? >> berkshire hathaway. the markets are nervous right now, but if you are looking to put money to work and you believe the economy hasst a lot stronger than it's been given credit for, this is the place to be. >> josh, you've been all over this one for a long time. >> i'll never see it, it's a forever position, but sit nice. 93rd birthday coinciding with all-time highs in the stock. what's not to like? >> what is your final trade, josh? >> zoom. very cheap stock, appa

josh brown, what do you think? >> i think the tech trade will struggle so long as we see rates moving higher. it's nothing new. this has been the reality we've been living with when you get these spikes at the longer end of the curve, obviously everyone's discounting mechanism and you see volatility spike up. ten year up 13 basis points, 20 year and 30 year both up, hitting cycle highs. the highest since 2007. 2011 on the 30 year. the dollar plays into this as well. it is at its highest level since the svb crisis, up about 2% on the year. the dollar hit its low in the middle of july. two weeks later the stock market peaked, at least for now for the year. ever since then a dollar rally and that doesn't work for stocks either. so now you have the dow down 4% from that moment, the s&p 500 down, qs at a 6% dip and the russell 2000 is in a literal correction, off 10% from that level. and it's not a coincidence. this has been an inverse correlation that we've been documenting all year, and it's just what it is. so i thin

you have supply constraints and supporting stocks. >> josh brown? it. >> so we'll get to apple, less than ten seconds away. i'll see you on "closing bell." the recap there. "the exchange" is now. >>> thank you very much, scott. and welcome to "the exchange." i'm kelly evans. right now, out in cupertino, california, apple's big annual product launch event is just getting started. one of our guests calls it the most high stakes event for the company, believe it or not, in years. because of apple's size, this makes it a high staking event for the market as a whole. we'll from a front row seat to all the action. steve is live in cupertino to bring us the major

joining us for the hour are josh brown, kari firestone, jim lebenthal and sarat sethi. here is where we stand, just about near session lows, the dow down 250-some points the s&p off by about 29 points and the nasdaq composite down by three-q three-quarters of a percent. the ten-year treasury note yield keeps ticking higher we will have much more on the markets coming up. first, we have a trade alert to bring you. josh is making a move in technology, technically consumer discre discretionary, but you'll get the point. josh, you are adding to your amazon position. so why and why now >> it's backing off a little bit this week along with most of the market, most of the large cap tech names, but amazon really has done nothing for a long time i've been in the stock forever, by the way i'm adding to an existing position i don't know how crazy important the timing is but just the rationale is amazon is both going to be an poirn player in ai even as the theme is cooling off. it's undeniable how critical but it doesn't need the hype of ai for the stock to trade higher just on the

got a bullish mention from josh brown last hour. introduced new ai ckft ttialy. ba aerhis. you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire i did have hearing aids from another company... i was just frustrated... i almost gave up. with miracle ear it's all about service. they're personable... they're friendly. i'm very happy with them. we provide you with a free lifetime of aftercare. meaning free checkups, cleanings, and adjustments. i see someone new... someone happy... it's really made a difference. call miracle ear at 1-800-miracle and schedule your free, no obligation hearing evaluation today. >>> welcome back. let's turn to the ipo market and softbank bark to arm,revealing some new details about the upcoming public debut. leslie picker joins with us the details. do we have a date yet for this ip snorvegs >> so mid next week, on the 13th and t

final trades, josh brown. what have you got?ng and we think the delinquencies will be in the office sector and there are emerging sectors within reits that are very interesting. >> thank you for that. >> joey t. >> not everything is so good today, scott. take a look at the kre. it's down 1.25%. j.p. morgan is the trade off of that. it is winner take all and j.p. morgan's the winner. >> weiss had concerns about regionals, go big or go home some say when it comes to banks. what have you got? >> goldman sachs, which i think you'll see more of the same and you'll see a good instacart ipo and that will say the window is open and we discuss goldman. >> thanks, everybody. i'll see you on "closing bell." "the exchange" is now. >>> thank you very much, scott. welcome to "the exchange" on this monday. i'm kelly evans and here's what's ahead. yields were on the move higher overnight. the latest look, they're muted, but we hit some significant levels and almost 15-year highs ahead of the fed meeting this week and even though they're widely

that's eamon javers live for us in d.c we do have our investment committee here josh brown, stephanie link, do you want to give me what your takeaway is from what eamon reported >> so it might be too soon to have a takeaway, per se. i think what's going on is a fairly novel use of antitrust law. there's not a lot of precedent going after a company because they are lowering prices for consumers too much it's a strange thing, and i understand the point it's really amazon's logistics that sellers rely on and when amazon competes against sellers on its own platforms and it brings to bear all of these interlocking technologies, it makes it almost impossible for someone else to win. there are competitors. this is not a situation where amazon completely owns e-commerce they're just the best at it. they're losing market share everywhere, and it's very difficult, in my view, to call them a monopolist when you consider the fact amazon's online shopping business advanced only 5% in the last quarter. you compare that to walmart, 24% growth in e-commerce, compare that to shopify which is a great o

joining me josh brown, joe terranova, jenny harrington. check the markets first and foremost as we get back to business in september here. we've been negative for the session. jenny, september is historically week, coming off a bit of a pullback in august. it leads you to believe momentum isn't lost. it may be found. what do we think about where we might go? >> i think we're still stuck in a range, we're battling with the emotions of feeling better, seeing corporate earnings do better than we expect. we're seeing goldman say things like, hey, we're decreasing the chance of a recession. then we're fighting the math on it. i don't see how the multiple on the s&p gets above 20 times. with that you have a heavy cap on the market. we're stuck in this range and it might take time to get out of it. investors are impatient. there's so much we still need to digest. we're digesting 18 months of rate hikes, the fed reducing their balance sheet, the inflation reduction act, unemployment levels that are changing, inventories. everything is distorted. w

we have downtown josh brown, shannon, and first let's get a look at the market. dow is off of its low, and the s&p and nasdaq moving into positive territory. both up just about a quarter of a percent. the small caps

joining us for the hour are josh brown, kari firestone, jim lebenthal and sarat sethi.e stand, just about near session lows, the dow down 250-some points the s&p off by about 29 points and the nasdaq

josh brown, shannon, joe terranova and steve weiss joining me for the hour.rd of 1%. and the ten-year note yield 432. that's the story of the day, weiss, we are mostly hanging in there. >> yep

joining me josh brown, joe terranova, jenny harrington.he markets first and foremost as we get back to business in september here. we've been negative for the session. jenny, september is historically week, coming off a bit of a pullback in august. it leads

let's find out what this is about from the sponsor ritholtz wealth management josh brown joining us, etf presenters here. josh, we're on the beach. by the way, you didn't need to get dressed up for me. that's okay. >> i shouldn't have. >> we're on the beach. you've been looking to redefine financial conferences, did this last year, a lot of panels here, big stars, big financial stars. jeremy siegel is here, vaneck, jeff donelock and method man from wu tang clan. you brought in wu tang clan players. >> we did. >> to get at the new generation. what are you trying to get at? >> it's about 3,000 people here and we have i think three quarters of a mile of beach front boardwalk thanks to huntington beach, california. we've god advise from all over the country, fin tech executives, asset management executives, portfolio managers, wealth managers and the idea is that a everyone coming here wants to be part of the future. they want to be part of this next generation that's driving where things are going. they want in on the decision making. they want equity, they want buy-in, and they want to

. >> josh brown? >> don't tell anyone, but uber is taking out a new 52-week high, even with tech in the doldrums. i like it. >> so we'll get to apple, less than ten seconds away. i'll see you on "closing bell." the recap there. "the exchange" is now. >>> thank you very much, scott. and welcome to "the exchange." i'm kelly evans. right now, out in cupertino, california, apple's big annual product launch event is just getting started. one of our guests calls it the most high stakes event for the company, believe it or not, in years. because of apple's size, this makes it a high staking event for the market as a whole. we'll from a front row seat to all the action. steve is live in cupertino to bring us the major headlines as we get them. and instant reaction and analysis from paul meeks and kim forest. welcome to all of you. steve, kick it off for us. the iphone -- why did they name the event wanderlust by the way? >> reporter: that i don't know, but it's just now kicking off. maybe he'll get a hint as

also joining me josh brown, jenny harrington and jim lebenthal.arkets as we always do. it's 12:00, noon, in the east, and we are red across the bo

joining me for the hour today right here at post 9 josh brown, stephanie link, jim lebenthal, bill barucharkets. we have an interesting story developing here. apple obviously is the big story. the nasdaq is down for the fourth straight day. put up m

our josh brown has a big part in this event. we'll talk about that in just a moment. young and shannon saccocia. less than an hour away from apple's big event a few hundred miles north of us. we'll size up what's at stake for that company, definitely what's at stake for the stock, and the markets as a whole. let's take a look right now. the dow, a

joining us from josh brown's futureproof conference jennifer grancio engine number 1 ceo with our veryyou. bob? >> kelly, good to see you as always. beautiful huntington beach, california. jennifer grancio is the ceo of engine number 1. thanks for joining us. a couple months ago a little bit of news here. engine number 1 announced you were selling your etf business, you're going to be going with it to tcw, the big asset manager. what was behind that move? what was the decision there? >> if you think about engine number 1 and everything we set out to do, we have an alt business and an etf business. from a proof of concept business the active funds like net z and sub have done very well. so there's an opportunity to be acquired and scale the business, which is terrific. you need scale. to grow an etf business. and tcw is looking to really underwrite their active equity and their etf business. >> and when is that deal going to close? >> hopefully very soon. >> you're going to go with them? >> i am. >> you're going to be managing the etf business, the whole thing you became famous for. and

we'll a be talking to josh brown on "half time report" what he's trying to do to reinvent the financialk to jan vaneck one of the etf stars here and talking to him what's going on with the arm holding ipo because he owns the biggest semiconductor etf out there, that's the smh and they will be a buyer of this, depending upon where the levels come in terms of a free flow. sometimes below 10% it's prevented from opening these companies. all of these discussions this week are about semiconductors and the poor performance. put up the earlier numbers. nvidia down today. most of the semiconductors are on the weak side today. kla and marvel technology. that's about what arm is going to probably come in terms of a free float. in terms of the month, s&p, living up to its reputation. we know september supposedly the worst month. it's down about 0.6%. a lot of weakness we're seeing is around the semiconductor area. what everybody is talking about this week at the conference it's going to be about inflation and semis. we'll get cpi and ppi on thursday. we'll get earnings from oracle and adobe and le

josh smith can't handle it. seth brown's take a43 lead, but the rangers score the final six runs. there goes simeon second homer of the game, part of a four run sixth inning. a's lose nine four. it's their 99th loss of the year. the giants are hosting the rockies right now on espn's sunday night baseball, football is back. it's good. all those radio programs saying they were worried about brock purdy. >> get out of here. >> yeah, that elbow looked real good today. >> oh, it did. thanks so much, chris. seafood is on the dinner menu in pittsburgh with a side of music. details on that when abc7 news continues but his vision dimmed with age. he had amd. i didn't know it then, but it can progress to ga, an advanced form of the disease. his struggle with vision loss from amd made me want to help you see warning signs of ga. like straight lines that seem wavy, blurry, or missing visual spots that make it hard to see faces like this one, or trouble with low light that makes driving at night a real challenge. if you've been diagnos

bounced back scoring four unanswered and it's rookie lawrence butler who smashed a third josh smith can't handle it seth brownour three but the rangers score the final six runs there. simeon his second home run of the game, part of a four run sixth. and the a's lose nine four. it's their 99th loss of the year. abc seven sports sponsored by river rock casino jr. chris thank you so much. >> much more to come on abc seven news at 11. a bay area family in morocco know when disaster hits. the death toll from the earthquake now in the thousands and their sharing their story and an outright ban on carrying guns. the order from new mexico's governor that's now causing protests earthquake strikes morocco causing catastrophic damage and death. entire villages have been leveled. it is the worst seismic event in the north african country in decades. and the united states is pledging to help immediately. let's first get you the very latest on what we know tonight. the death toll stands at more than 2100 people killed as a result, the 6.8 magnitude quake which struck friday night. thousands more have been injured right now

lawrence butler hits a shot to third that josh smith can't handle that allows seth brown to score fromond it's a four run inning and the a's have a 4 to 3 lead taken the lead, but the rangers bounce back with two in the fifth and four in the sixth. marcus semien goes deep off adrian martinez in that sixth inning. that was the second homer of the game for semien, who has 24 on the season. the rangers win it by a final score of 9 to 4. the rangers right now a half game behind seattle for the third and final american league wild card spot. until recent years, high school football is something that only the boys played, but that's not the case these days. more and more high school girls are playing flag football, and one local team has a very well known coach. bailey o'carroll was there. hummus after only a minute, it's been almost 28 years since this moment he's got jerry rice. touchdown 49ers. that's the last time legendary 49ers quarterback steve young won a super bowl. nearly three decades later and young is back on the field but in a different role this time as coach coach i've enjoye

start to see republicans in the senate like josh hawley coming to with an elizabeth warren on a bill. you see a marco rubio getting together with sherrod brownause we're still looking at the same presidential candidat s at this point. >> one common theme is populism. we've been on this anger detour for a while, sort of my unscheduled departure and i look back and see, it was beginning of sort of this populist rage. we'll get to a consensus at some point, but this consensus that the country was operating under for several decades i think ended with donald trump and now we're trying to figure out where we're going to be. so i think that is a lot of uncertainty and what is behind some of this. >> what do you think happens with the government shutdown, will we see one? >> i think that more likely you will see a government shutdown. the question is how long. how long will the government shutdown last. if the strategy is in the house that they want to pass single purpose appropriations bills, you have to assume that they are not going to be able to pass those so easily because you have folks in -- republicans in biden districts that don't necessar