kate rogers looking ahead to oracle earnings coming in overtime.pent a lot of today discussing the future of software. and i'm sure this company is factors into these conversations. >> analysts will be looking for $1.65 epps on revenues of $5.5 billion for oracle for q4. the street will be watching oracle's cloud infrastructure. jpm with a market perform rate said while investors have multiple ways to assess it, we know last quarter, rather, gen-2 infrastructure services had annualized revenue of $6.5 billion up from $6.0 billion and 5% growth in f 2q. and we can build the data centers relatively fast, and i expect the oci growth rate to be over 50% for a few years. guggenheim adding in a separate note, while the i.t. spending environment has not been favorable for some time, as reflected in recent prints for other prominent application software companies, oracle lowered f4 cloud services guidance that appeared conservative at the time. now appears prudent and should help. the stock is up over 18% year-to-date. scott? back to you. >> kate rogers, t

. >> kate rogers is now joining us. >> hey, kate and zinhle, hotel prices fell in may, and that is an important indication that interest rates may drop later in the year. >>> and now, the first time a theater may own a chain after there was a ruling that there could not be a entertainment company owning a theater. but. >> he got a firsthand look of how a restaurant run, and according to the store, they sold out in a few more hour, and we will see how the kids like that one, guys. >> i hope they get waffle. >> and is it like a real counselor, like a chasm fshg fshg? >> yes. and kate rogers, we will look for more. >>> and now, a grandmother explains newest federal holiday. >>> and how loved ones are >>> and how loved ones are fanning together to find t i have moderate to severe crohn's disease. now, there's skyrizi. ♪ things are looking up, i've got symptom relief. ♪ ♪ control of my crohn's means everything to me. ♪ ♪ control is everything to me. ♪ feel significant symptom relief at 4 weeks with skyrizi, including less abdominal pain and fewer bowel movements. skyrizi is the first il-23

back to you. >> kate rogers, appreciate you, thank you. what do you think about this one? more the pandemic pull-forward. it's got the kind of zoom issue. which is the pandemic had them prove to everybody why they were necessary and it was a big deal and, therefore, lots of copycats, lots of pull-forward demand. again, it's been a rough spot for, i guess, more enterprise-related software as opposed to some distributed, consumer stuff. no grand thought, except look at the kind of the mountain to the sea chart. >> yeah. we have it there. >> top of the show i asked joe about tomorrow morning. really hanging on this, and how much of a sweet spot does that number really have to hit just given some of the fears maybe you have this week of growth scares and yields falling and stocks falling for that reason. now it has to really thread the needle with the perfect number. >> it's fair in the sense we are really sensitive to the idea that things could be faltering more quickly. i still think bad news is kind of bad news. meaning, you know, something way below 100,000 new jobs last m

but companies like chipotle and mcdonald's are pushing back on the viral video complaints, cnbc's kate rogerskate. >> hey, melissa. mcdonald's making headlines in recent months, a location in connecticut sold an $18 big mac meal, and social media posts regarding pricing took off. u.s. president joe earlinger, saying the company has seen viral -- beyond inflationary rates which he says is inaccurate. prices have increased between 20 and 40% for some items due to inflationary pressures and on tiktok some consumers have made complaints about the serving sizes at chipotle. brian nickel telling jim cramer the company has not changed its serving sizes and the trend is rude to employees who want to serve customers what they want to eat. and when it comes to value,c chipotle's perception is old holding, the value perceptions are outperforming the fast casual peer group at a widening clip at a rate of -- for other names and mcdonald's value perception trailing at taco bell and wendy's, just over 46% versus the average rate of 49%. i will note, the perceptions of value at both mcdonald's and chipotle a

thank you, kate rogers.and experience. >> we surround the trade. so we have got the value meals from mcdonald's, burger king and wendy's. we have them all here on set. can you imagine? this is $15 worth of food. >> if there's one guy who is up for it it's guy adami. >> this is not a joey chestnut situation. we're not consuming all of this. >> i quit myself. >> you can take one for myself. >> you see my crown, tim? >> the crown is heavy. uneasy lies the head that wears the crown, right? >> right. you remember that, shakespeare. >> not so heavy when it's only $5 for a meal though. >> i'll say this, i'm going to get into one of these burgers. >> are you? >> the reason i'm not getting into the wendy's burger is i didn't order it. tomatoes gross me out. i know that mcdonald's does not put mcdonald's on their burger. >> pickles -- >> excuse me? only a little pickle, tim. something you're familiar with. i'm very fond of the mcdonald's and if i'm playing the game correctly i'm going to go with mcdonald's although, t

kate rogers had sources saying the technology had trouble interpreting different accents and dialectsorder accuracy. obviously pay attention to to every slight growing pain when it comes to technologies like this. >> not ready for primetime. you have to get that right if you're going to put it into use for customer service. i agree with that. another mover we haven't hit yet is lennar, the home builder, reporting earnings yesterday. the numbers were good. they came out better than expected. home deliveries up 15%. one thing that maybe sur plied folks is that prices fell. the average sale price, $426,000, that was down about 5% from the year before. the idea there is that people are buying homes for the right price because affordability is so difficult now with higher mortgage rates that they have to air incentives to get people to buy prices. gross margins on home sales 22.6%. that was kind of in line but maybe left a little to be desired. stocks down 2%. >> the bull case on home builders has been that they are equipped to buy down the mortgage rates and provide incentives and somehow

to kate rogers with some details. good morning. >> reporter: good morning.a mcchicken or mcdouble, chicken nuggets fries and a drink. burger king launched a similar value meal before mcdonald's this summer and plans to keep it on the menu longer according to a memo that cnbc reviewed. wendy's and starbucks have stepped up with value menus of late. consumers feeling crunched for cash will have options. mcdonald's u.s. president joe earlinger telling the tropical storm that the competition is good for business. take a listen here. >> i never think of satisfying customers is facing a pressure. i think this is great thing for our business. it's a great thing for our customers. we'll stick to it. as long as our customers need value we're going to provide it to them. >> reporter: mcdonald's is offering free fries on friday in its app with any $1 purchase and franchisees nationwide are offering other locally discounted items this summer in addition to that value meal. back to you. >> thanks. appreciate that. >>> we'll keep that conversation going with our next gues

kate rogers joins us with that. >> this is gamestop's second attempt at an annual meeting.emand crashed the website. the last meeting in 2023 took only 15 minutes. there was a statement from ceo ryan cohen so we could hear from him again today. we may get more details on how this company plans to deploy its new cash pile. the video game retailer has been taking advantage of this meme stock rally, issuing more shares, bringing in about $2 billion in the last round. shares have been wildly volatile as the now famous online booster of the stock, keith gill, aka, roaring kitty, his posts have sparked this stock. he does appear now to be the fourth largest shareholder in gamestop after posting a screen shot of his e-trade account showing he holds more than 9 million shares. he appears to have sold his call options that expired this week. the latest on gamestop's financials came from earnings that exposed 29% drop in sales. so far no real sign of operational turn-around, guys. back to you. >> yeah, i guess investors should be listening for that as well. thank you, kate rooney. wa

and i joined chairman rogers in thinking our overall appropriations chair, kate granger, for her years of dedication and service to this appropriations committee, and congratulate chairman cole as he takes over that very important role. and i also join chairman rogers in welcoming director christopher wray to testify today, as we all know, the fbi does an enormous amount of work to help protect the american people. it is a primary law enforcement agency for the u.s. government. the fbi employs roughly 36,000 people in 56 field offices, 350 resident agencies, and several specialized facilities and analytical centers across the country, as well as in over 60 legal offices in 80 countries around the world. the fbi works to investigate and disrupt crime, including everything from violent gang networks, cyber criminals, white-collar crime, human trafficking, and domestic and international terrorism. and i could not agree more with chairman rogers as he talks about fbi's mission, including combating opioid -- and the opioid epidemic, including fentanyl poisonings that are killing well north