kate rogers has the details. >> better than expected quarter for toll brothers.e sales revenues up 14% year on year. gross margins were 26.4%, up more than 2% from q-2 of 2022. the company's ceo douglas yearly jr. said, quote, as mortgage rates have stabilized and buyer confidence has improved, the increase in demand that began in january has continued into the start of our third quarter he said in light of this, they're raising full year guidance by nearly every metric. nearly added that supply/demand imbalance is set to continue well into the future, adding to the long-term tail winds that have supported the housing industry he said these include favorable demographics, migration trends, and more flexibility work arran arrangements back over to you >> kate, thank you kate rogers. karen, what do you think >> there was a lot to like, actually, in that, right i mean, it showed a lot of strength, i think orders up, closings up, backlog was okay, average selling price in line. there was a lot to like. you would think, if you listen to all the other stuff happening a

cameron dawson will join us to get his market views stacey ahead of amd's numbers and kate rogers setssocean. very speculative name, but you're getting an opportunity here reported last night, done a lot better than expected rig day rates are going up this is going to be a home run >> i feel like you're on the uneven bars. we'll see. >> i'm an acrobat. [ laughter ] >> vertex pharmaceuticals. i think the stock pushes well north of 400 >> proctor and gamble, i thought it was one of the best companies. it's a little expensive but they beat earnings and guided higher. >> good stuff, everybody see you on "closing bell." "the exchange" is now. ♪ ♪ >>> thank you very much, scott hi, everybody. i'm kelly evans. welcome to "the exchange." we are just about 24 hours away from the fed's decision on interest rates, and the markets couldn't even go 24 hours believing jamie dimon that the bank crisis is over. the bank etf down % now. some regionals, including pac west, we have the voices you want to hear from. the regional bank

important to companies, as well it's the share of older workers in the workplace and taking jobs kate rogers has details. >> reporter: companies like humana have been recruiting more workers 55 and up since 2018 that demographic makes up 20% of its workforce. the goal is to have the workers represent the people it's serving in the health care community. the key they say was flexibility, analyzing benefit choices and finding ways for older workers to connect with colleagues >> all those things have contributed to, again, the work/life balance, the ways that older workers can see themselves being here for the long haul >> reporter: the aarp has a program that helps mature workers with their interview process. we spoke co-cathy jakes johnson, who is now an office manager in chicago at age 57. >> older workers, they bring experience that you don't find in the workplace any more. they bring dedication, loyalty i think that is a lot of what we bring. that younger people don't, because millennials jump from job to job and we tend not to >> reporter: the aarp has an employer pledge program, being co

. >> kate, thank you we appreciate it our kate rogers. >>> we'll take a quick break coming up, the headone of the largest hotel chains in the world. we'll get a read on travel demand plus, is it time to t-bill and chill until after the debt ceiling showdown how to protect your portfolio. and here is a hook at the markets. dow is down 37 points. the nasdaq with a half point drop ten-year note back above $3.50 "the exchange" is back after this what if buildings could tell you how they could be more efficient? i'm listening. well, with ibm, you can use software to help you connect and analyze data— from hvacs to elevators to lights. what if we use ai-driven insights to pinpoint inefficiency? yep. and act on it. saving energy, money... ... and emissions. yup. that's a big one. now you've built something better for everyone. that's the sustainability solution ibm and a global real estate company created. what will you create? ibm. let's create. lily! welcome to our third bark-ery. oh, i can tell business is going through the “woof”. but seriously we need a reliable way to help keep everyone

kate rogers, we'll see you in just a bit >>> all right. mike santoli's back with us.s a bit sloppy we're up off the lows and the indexes, but you have an 80% downside volume day in the new york stock exchange. you have the russell 2,000 struggling trading beat for beat with the financials for the most part down another 2%, really not that far off of where it was, you know, back before the pan pandemic so i think it's still a delicate situation. we go into the fed trying to stay somewhat neutral in the middle of the range right here i do think it's worth remembering we get the adp jobs report tomorrow. never really a market mover, but it's a reminder that it is a jobs week. so we're going to get loaded with a lot of here's where the economy stands right now, and then tomorrow, obviously it's going to be hashing through the message from the fed where, you know, you have had the market in regional banks essentially, you know, proactively throwing a tantrum, suggesting that maybe the pain threshold isn't much hire than this right now. >> i would give you one more reminder

. >> thank you, kate rogers. >>> still ahead, this name up about 17% year-to-date it's called the bestwhat has him bullish despite the commercial real estate numbers next? >>> and asian-american and pacific islander month here is co-founder and ceo of christine chang. >> it's been rewarding to build glow recipe together with my co-founder it's unique in the industry. it's been an honor for us to leverage our heritage and be able to storytell around how skin care should be this beautiful, joyful, self-care experience my advice for other aapi founders would be to take up space. don't min nimize your achievements don't be afraid to ask for more, ask often, and advocate for your achievements you deserve to shine you got this. let's go. gobble gobble. i've seen bigger legs on a turkey! rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. i'm also mr. leg day...1989! anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. i go through a lot of pants. before investing c

the earnings call just kicked off at the top of the hour kate rogers has been listening in >> starbuckseating on the top and bottom lines big same-store sales numbers growth up 11% overall, 12% in north america and china, in particular, as you mentioned, showing comp growth of 3%. that's key, because it's the first positive comp for china since q-1 of 2021. china was a challenge last quarter due to ongoing covid lockdowns. store traffic has surpassed p prepandemic levels in the company's busiest day parts in the united states, which is also key. this is the first quarter we're hearing from the new ceo, as howard shuchultz stepped down on the 20th he was still leading the business on this quarter he said there are more opportunities to do better with in-store efficiencies on things like supply chain. he was positive on meeting customers where they are, whether it's in stores, drivethrough and more. he said that the company's really only just scratched the surface, they are just getting startled star becomes cfo will be on "squawk box" tomorrow morning, so tune in for more there. back to

kate rogers is here with more. >> good morning.ness confidence index is out taking the pulse of main street. the data shows split between the owners polled on those who do and do not have confidence in the banking system right now at 49 versus 50%. a majority of small business owners say they are confident that their business capital is secure, but less about 53% say it is easy for them to access the capital needed for their businesses to operate right now. the respondents said they were banking mostly a community and regional banks with a total of two-thirds, remaining 40% at larger banks the survey was conducted among 2,000 small business owners in late april generally small business owners say they're feeling somewhat more confident with the business index showing an overall score of 46 out of 100 but the broader outlook on the economy not so hot just 21% say the economy is good or great part of the big issue here is inflation. it has been a stubborn top concern for small business owners for more than a year at this point back o

and so the thing i like that kate rogers story has coming up, corporate america is waking up to this.s, is that the right word can i use >> wiser maybe wiser. wiser workers. >> whatever it is. >> experienced worldly. >> andrew is like under his breath here, boomers, boomers, boomers. >> ask not for whom the bell tolls. >> i'm getting a pair of glasses, by the way. it's happening, it's happening. >> what our survey showed is that the pandemic was the reason for them to leave the workforce and there were health concerns and they were like the heck with this some of them got benefits that allowed them to get to 62 or 63. and i know we've got to go but here's the thing real quick. the thing that we've not found is leaving the workforce is one thing. there's usually a flowback there's not been happening they have not come back to the workforce. >> i didn't even mention our youthful and very energetic president who's going for another term okay, so let's just -- the whole prime age thing is just -- >> the best joke of the weekend -- >> oh, about france? >> the white house correspondents din

. >>> watching consumer names today, here's starbucks down 7.25%, despite beating on earnings kate rogersarbucks had a big quarter last night, beats on the top and bottom lines. topping estimates across the board up 11% overall, 12% in north america and china in particular showing comp growth of 3%. that's key because it's the first positive comp for china since q1 of 2021 china was a challenge last quarter due to ongoing covid lockdowns, story traffic has surpassed pre-pandemic levels in the company's busiest day parts in the united states and the cfo said this is a big performance in the u.s. in particular given the seasonality the company typically sees despite that performance the stock as we all know down this morning as the company reaffirmed its revenue growth guidance of 10 to 12 #%, adjusted eps growth on the low end of 15 to 20%, and full-year sales guidance in the u.s. between 7 and 9% investors clearly looking for more this morning, cowen saying this reflects a desire to set the barlow for the new ceo, and btig echoing that point saying it's conservative given the performance

asian-own businesses were able to get all the funding and credit needed to run their businesses kate rogersfed data also showed asian owners were more likely to rely on their own funds for financial struggles and more likely to say access of capital was difficult. >> the bank wouldn't loan me money. it was difficult even, you know, finding -- finding other resources. and ultimately came down to me, just putting in everything i had, borrowing a little bit from my parents and my brother, but we needed more >> renaissance, which serves low to moderate income communities and immigrant small business owners in new york since 2018 the group has provided 2,000 aapi members in $5 million loans and grants. bank funding also proved difficult. >> when you talk to about borrowing, they say, what kind of business are you in it's restaurant, high-risk business, so a lot of them don't want to give you that funding. >> the center for responsible lending is urging for disaggregated data so we can follow up and see how different minority groups are receiving f funding and how best to serve them moving forwar

kate? >> so as we follow all of these next steps for congressman george santos i want to bring in jennifer rogersore on this. you've been looking through this indictment as well, jennifer. what surprises you in here? what sticks out to you here? >> i'm surprised they started four months later with a big financial investigation which doj takes very seriously with crimes. >> why do you think they moved so quickly? that they have evidence or a top priority? >> it is a top priority. we have an elected official who has committed crimes and they have to move swiftly. >> the unemployment benefits and the theft of public fund, we hadn't heard that before and the allegations to congress is a new charge and also the way that they've charged this. this scheme that they're telling people that they're taking money for this non-profit and he's using it for clothes and thinga violation and they charge it here as a wire fraud. which is fine, you can charge it any way it fits and it is a more serious offense that way and it will carry a higher offense and that shows again how serious doj is about elected official