. >>> josh weinstein, smaller than expected loss, revenue beat but some guidance for the coming quarter has shares under pressure it's down but a huge winner so far this year, as we j. >> one of the best performing consumer discretionary stocks. >>> the dow started off higher we've given it back. the s&p unchanged right now. you do have strength in energy, consumer discretionary materials, even technology is working, that's why the nasdaq is holding onto some small gains. we've seen weakness in defensive stocks like staples, health care, and financials going red, carl, of course, after we had last week's loss of more than 1% in the s&p and still a tremendous runup in the last week of the quarter for year-to-date gain of, you know, more than 13% on stocks. we're wondering what comes next. for me topping the tape is this buzz about central bankers there's going to be a big meeting in the jackson hole for the ecb where i'm going to be doing this panel with all the top central bankers. fed chair jay powell, head of the ecb, head of the bank of england, head of the bank of japan. they set th

we're going to talk to the ceo, josh weinstein. he's joining me next.s going to the to ring in exactly 30 minutes from now. ♪ ♪ ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ moving forward with node- positive breast cancer is overwhelming. but i never just found my way; i made it. and did all i could to prevent recurrence. verzenio reduces the risk of recurrence of hr-positive, her2-negative, node-positive, early breast cancer with a high chance of returning, as determined by your doctor when added to hormone therapy. hormone therapy works outside the cell... while verzenio works inside to help stop the growth of cancer cells. diarrhea is common, may be severe, or cause dehydration or infection. at the first sign, call your doctor, start an antidiarrheal, and drink fluids. before taking verzenio, tell your doctor about any fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may caus

it depends on cruise line and ceo josh weinstein talking about what they're seeing geographically butlso quite notable at a time when asia hasn't picked back up. while we see the hotel ceos commenting about the increase in occupancy in countries like china the cruise lines are taking their time returning to the country. ceo weinstein saying that while we're encouraged by the reopening they have no plans to return in the near term. that's affecting where they're adding cruise ships and where they're taking that supply out. >> seema, what is the problem -- what is the obstacle to profitability here because if times are so good, what is the issue? >> i think while bookings are improving, costs are rising. that's one of the issues here. they do feel like, as bookings return and interes in cruising, they still have to allocate a significant amount of capital towards advertising, brand marketing. this is a time when there is more competition not just from the three major u.s. cruise lines that we cover, but some of the newer players like msc, viking, which tpg is a big backer of, virgin cru

it was lower than anticipated and here's ceo josh weinstein on cnbc earlier on where profit can go from here listen in. >> it's going to be about 85% in the third quarter, to about 100% in the fourth quarter. so we're making the right moves and they're starting to show up in the results >>> an iconic british luxury automaker is looking for help from a u.s. ev maker shares of lucid are up about 3% and still off earlier highs where the stocks soared at 15% after it announced it would suspect play aston martin for future ev models and this will be the first time it will act as a supplier expect more from closing bell overtime's interview with lucent ceo just at 4:00 p.m. eastern. >> good stuff. >> we'll see you in just a bit >> energy, one of the top s&p sectors today as traders assess a failed insurrection in russia. the group is still the worst performer of the year and our next guest says energy stocks remain vulnerable and there are bright spots and they join us here at post 9 good to see you. so we're up 2% as the sector today and down 10% on the year what's your outlook? energy will

to keep into account, the carnival's investor day i did hear from inside the room that the ceo josh weinsteintime clarifying the company's longer-term financial goals. that is playing into the rebound we are seeing right now. royal and region also higher on the day. >> good stuff. thank you very much. for that, julia boorstin and then there is meta, just $2 away from its new high as well up 3% today. >> that's right, scott shares rising 3%, bringing year to date gains to nearly 139% this comes after city raises price markets, up from $315. the stock is still below $290 right now. they believe reels is experiencing greater advertiser adoption and believe meta's investment can deliver incremental usage to users, creators and advertisers this comes as meta's whatsapp business announced it topped 250 million active users, up from 50 million users three years ago. also announcing new tools for the platform, easier add creation of click it to whatsapp ads. and you can personalize messaging to users. >> julia, thank you very much for that mike, i turn to you. the stock just had a minnesota ster of a

jeffries says it's moved from being a good trade to a long-term investment they like the new ceo, josh weinsteinpoke with this week on the quarter, some of his marketing moves, how he's flattened the organizational structure, and of course the surge in demand that we've seen for cruising he thinks makes it a good play >> they mentioned oil as well. fuel costs turning into a real tailwind, delivering, what, quarter of a billion in savings annually in '23. we talk about headline sort of not being as important as core, but some of these declines in fuel, gasoline for the consumer and for companies that are heavy users, is material >> it's helpful for sure i was going to check the airlines as well today guys, traveling this week is brutal i will just say. not just me. thousands of flights have been canceled, and i know the weather was not great, and the thunderstorms are being blamed, but the airlines are all up today. there's some issues with the faa. the united airlines ceo, scott kirby, pointing fingers at the faa, saying, they failed us, u u understaffing there led to delays i took two flights,

shares of carnival tumbled 7% yesterday after the second quarter loss revenue beat estimates ceo josh weinstein siaid bookins hit all-time highs the report appeared profit taking although the decline. the stock is up 30% for the month and 80% for the year still not thinking about it. >> a cruise? >> yeah. >> no. >>> still to come, as i said, i talked about this. stifel's barry bannister reiterating the call by the third quarter. we hit it. came close what do you think? >>> later, house speaker kevin mccarthy will join us on the set at 7:45 a.m. big speech coming from president biden tomorrow night we heard a preview of that from jared bernstein yesterday. we will see what speaker mccarthy thinks. we'll be right back. - [soldier] take a look at this! - they've left us a gift. - [soldier] i think we misjudged them. - i love horses. (birds chirping) - [soldier] we should open the gate. - let's see what charlotte thinks. - [narrator] at crowdstrike, we monitor trillions of cyber events to detect threats and prevent breaches before they happen to keep your business from becoming history. we stop cyb

the reason why, they are thrilled with josh weinstein's performance so far, the new ceo. he took over last august. they say he has had a positive effect so far, when you look at the sales boost and marketing efforts. carnival up this morning about 3%. not having a great day is nike. tom: wait we have got to stay in carnival. i have not had a vacation since christmas. we are looking at a four-day western from miami florida to $244, average per person. two person room. this is, people love this stuff. have you ever been on a cruise? katie: no, do not trust the ocean. tom: ok. katie: a lot of people love cruises. you have seen the travel stocks do well. tom: tough travel weekend. you see how she said that? katie is like, shall we move on? katie: let's talk about nike. after the bell yesterday, down 3% premarket. quarterly profit just missed expectations. it was the outlook that investors are not too pleased with. full-year revenue for fiscal year 2024 expected to grow mid single digits according to its cfo. a little bit of a disappointment there. you can see that in the shar

. >> ken dilanian, josh dawsey and tali farhadian weinstein, thank you. >>> a thick haze of hazardous air choking a large part of the united states. the eastern part of it. these are live pictures from baltimore. now, here in new york city, the worst air quality in the world has been recorded now, two days in a row. what you need to know next. you're watching "jose diaz-balart reports" from new york city. watching "jose diaz-balart reports" from new york city. trading easier. with its customizable options chain, easy-to-use tools and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. e*trade from morgan stanley. power e*trade's easy-to-use tools make complex trading less complicated. custom scans help you find new trading opportunities, while an earnings tool helps you plan your trades and stay on top of the market. e*trade from morgan stanley. ♪ this is not just delivery. ♪ this is knowing even superheroes... can use a sidekick. ♪ walgreens. one prilosec otc each morning blocks heartburn all day and all night. prilosec otc reduces exce