liz: that's right, exactly. >> now it is keith gill. the kitty is in the market.or chewy. >> people trying to figure out how you get all that money. that is multi-hundred million dollar stake. he lives in massachusetts. if he told his initial investment in gamestop, that went up, held it, paid the tax rate in massachusetts after selling. liz: maybe he made a lot of money on nvidia for the last three years since he has been silent. >> in bitcoin? liz: i put a big legal disclaimer at the end of his trade on youtube. >> remember ryan cohen was in bed, bath & beyond. he was in it, was on the board, one day he sold it, left the board. probably made a profit because the stock went up when he was there. no charges. market manipulation is very difficult. anyway, my guess the sec is looking at this. they will probably walk away empty-handed. liz: charlie, thank you very much. >> meow. liz: you heard the expression, hot girl summer? we're coining a new expression on the claman countdown. cool consumer summer. inflation is increasingly eating away at discretionary spending y

katie: interesting details on keith gill. you see the volatility making its way through chewy shares. tell us about birkenstock. >> this has been one of the most highly traded stocks this morning. shares fell 11.5% in part because insiders, especially the private equity owner, filed to share cells. now ubs -- to sell shares. now ubs says it is going better than he anticipated. the market sees some overhangs around the growth the barbie movie generated. he thinks there are more important things to focus on. he says a price target of $85 per share. citi has a buy rating at $65 a share that was reinstated. less excitement but still a little bit of positivity for a name that has been on a good run lately. 13.3% gains year to date. katie: not bad on a monday, another 1.5% today. thank you so much. the supreme court is set to release the final opinions of this term. we will preview the trump immunity decision next. this is bloomberg. ♪ katie: we are awaiting the supreme court ruling on former president donald trump's claim he is im

we expect this continued deceleration in growth. >> also may be chalk this up to have keith gill is back be one of the ultimate meme stocks is benefiting from meme-y-ness. one analyst after another has dialed back expectations for this quarters delivery. we do see monthly wholesale data out of china that has not been strong for tesla in the first couple months of this quarter. i think the likelihood of a surprise last month that rescues the quarter for the company seems fairly remote. it really is ahead scratcher. i think just beyond the presence of a bully and some in retail investors always looking ahead to the robotaxi that is coming out in that unveiling in august. caroline: it feels like investors want to go long-term. we are running out of excuses. you have a great story talking about 441,000 ev's being sold for the second quarter. you can't blame middle eastern supply chain disruptions anymore. >> the company has pointed, he did point to things in the first quarter that really affected the production side. it was reluctant to speak to demand issues. that has been elon musk's mo. f

it spiked after keith gill disclosed a 6.6% stake on the country -- company. he owns roughly 9 million shares, worth about $245 of course now you have chewy down almost 12%. we are talking about elections. shares we are closely watching. two elections we are watching closely around the world. thursday the u.k. holds a snap election and france and its allies dominated the first round of voting on sunday. how do you think about the most recent results and what it means moving forward? >> it has certainly been a big shock and france. it's the first time the national rally has really dominated a national election like this. this is about who's going to form the next government so it's been really extraordinary. there's another round to come this sunday. how much of a united front to the other parties try to put up against the national rally? that's going to really determine whether or not the national rally is able to complete sort of this electoral takeover and end up having enough seats in the national assembly to form a government after sunday. sonali: how do y

a fraud lawsuit against stock influencer keith gill has been dropped within days of its filing.accused gill of engaging in a pump and dump scheme. gill was one of the faces of the 2021 meme stock craze and reemerged in may with new posts about holdings in gamestop. coming up, byd sells a record number of cars in the second quarter. tesla, however, is struggling to accelerate. the price cutting story, the competition in 19 chinese market, the divergence -- in that key chinese market, the divergence between byd and tesla. we get a preview next of what that means in terms of this rivalry. stay with us. this is bloomberg. ♪ ♪ >> good morning, this is bloomberg and these are the stories that set your agenda. the ecb could pause rate cuts as europe awaits inflation. >> it will take time to gather data to be certain that risks have passed. tom: we will speak with chief economist in the next few minutes and wall street maps out what a donald trump presidential victory could mean for the bond market and democrats may nominate joe biden this month. tesla sales are set to fall as byd hits

chewy shares surging as keith gill reveals a more than 6% stake. >>> let's start with the markets.f course, we kick off the second half of the year. i was not here for the last two weeks of that first half. i can't say that i'm sorry i wasn't. but of course, following, mike, all the ups and downs, in particular, some of that bit of a selloff in nvidia and the like. >> yep. >> but the talk has been and will continue to be much of the same, i would assume, in terms of the power of a.i., what that will mean for these biggest of big companies that we follow so closely. >> sure. we held it together somehow. so did the market with your -- with you gone, david, but it really is one of the better halves of a year, 15%-plus total return for the s&p, per unit of volatility. the extent of the biggest pullback was 5.5%. so, yes. a lot of that was due to the not just technology but i would call it just the quality mega cap sector of the market, the quality s&p 500 etf up more than the s&p this year, up 16%. i wouldn't say it's been only that, though. it's not as if tech is kind of throwing a sh

-- the headphone maker, right, they've become the latest meme stock to be boosted by posts from keith gillm as a roaring kitty. remember back in may gill posted a video that featured emojis of a microphone and american flag with redditers interpreted to mean that he planned to target cost around the fourth of july holiday. at a one point the stock was up 50%. you're now up a cool 33%. >>> sun power not looking so bright after announcing that ernst and young has resigned as its auditor n. a filing with the securities and exchange commission, the solar energy company disclosed that ernest and young said, quote, the company's internal controls needed for reliable financial statements did not exist and, therefore, it was unwilling to be associated with management's financial statement. sun power received a subpoena from the sec back in february all a relating to certain accounting matters, and those investigations are still ongoing. the san jose company said it intends to cooperate with the sec's investigation. >>> it has been a roller coaster of a ride for siriusxm investors today. the satell

one of trader keith gill's favorite stocks, gamestop seeing five consecutive days of gains.up about 6.7% over the whole week, and over the last two days, it has just gone pretty dramatically higher, and right now it's adding about 1% at the moment. okay, let me just look at the market cap. i love doing that. okay just to annoy charlie gasparino. $9 billion. okay. just saying. first scarlet johansson sounded the alarm about chatgpt stealing her voice and now the star of the 1997 movie "faceoff" is worried a.i. will steal his face, body and his acting jobs, in a new interview with the new yorker. nicholas cage reveals how he is now regretting submitting to two full-body scans for upcoming films where technicians upload his likeness, into a computer, to facilitate special effects, but now he says he's terrified that eventually, a.i. will have the power to access those scans, steal his body, and "do whatever they want with it." that said, one a.i. start-up backed by nvidia and mark cuban, the billionaire, is forging ahead with scans, body scans of actors and models but for train

filing revealing that the meme stock trader keith gill had acquired a significant stake in pet food retailern between gamestop and chewy, given the connection of its now lead chairman. joining us right now is tom sosnoff, tasty trade founder and ceo. tom, what do you make of this sort of cross-pollination here? >> it's definitely interesting, andrew. we're enjoying the -- i guess we're enjoying the ride the story. all the hype. i think from a retail perspective, it's kind of a fun story to follow. i don't know. what else is there -- you know, i'm not sure there's much else to it, but it's an incredible story. and i think retail investors are attracted to it, because there's not too many stories out there of an individual investor turning $50,000 into a few hundred million or whatever the number is. >> it's a remarkable story in that respect. but then the question, of course, becomes, who's the winner, who's the loser? and all of the folks who were trying to jump on the roaring kitty train, are you always jumping on a little too late? >> sure. and, you know what, that is -- i think that's wha

meme stock investor keeps skill disclosed -- meme stock investor keith gill disclosed a passive stake both chewy and petco soared after gill posted a cartoon image of a dog on ask. the founder of chewy had been involved in the meme stock trend , buying up large stairs of gamestop and becoming its ceo. people familiar with the matter say doj has told boeing it is charging the plane maker with fraud in connection with two fatal crashes involving the 737 max planes. that leaves the company to choose between pleading guilty or taking the risk to take the company to trial. the doj has told boeing it will need to pay a fine and hiring corporate monitor. that is your brief. jonathan: thank you. up next, president biden's path forward. >> he should stay in this race and demonstrate going forward his capacity to lead the country. jonathan: a rallying cry around the sitting president. that conversation up next. from new york city, good morning. ♪ jonathan: the equity market just about positive .25 percent on the s&p 500. treasuries a little bit lower in the bond market, yields a little bit high

. >>> check out the shares of chewy, the stock's jumping after keith gill, roaring kitty -- that's funnyoducts retailer finally. this i understand. this i finally understand it, it might have something to do with actual positive fundamentals since i cannot believe what i spend on this stuff. >> pet food? or pet toys. >> we get this -- kibble is $60 for a big bag. we super charge it with this weird freeze-dried chicken. a bag of that costs $80, and it seems like i'm there every two weeks, and you know, it's like expensive. it's like expensive. >> it is. >> and you know how heavy those bags are. >> no, i don't. >> what goes in, comes out, so i have to -- that's another thing. i got to do that today as a matter of fact. >> pooper-scooper for you. >> duty calls. >> so to speak. >> all right. when we come back semifore cofounder ben smith joins us and ngssn byron donalds joins us as well. "squawk box" will be right back. it's time. yes, the time has come for a fresh approach to dog food. everyday, more dog people are deciding it's time to quit the kibble and feed their dogs fresh food from th

i gamestop shareholder dropped a lawsuit against popular stock investor keith gill, a.k.a.anipulate the stock in his own gain. late afternoon on monday, he said he was voluntarily dismissing the lawsuit and his lawyers immediately responded to the rest for comments with a dismissal that is without prejudice, meaning he is free to file the suit again. the boston celtics are going on the market. the family who leads the ownership group decided to sell the franchise for a stake in family planning considerations. one of the other co-owners wrote that he still hopes to be a part of the celtics moving forward. they were the winners of their 18th title last month. celtics are valued at 5.1 billion dollars, fourth highest in the league. $360 million in 2002, purchased four. jonathan: what a bout. -- what a valuation increase. the mavericks. lisa: i was thinking this, how much is exiting at the top and how much is going into more european football games. jonathan: let's talk with steve sometime soon. steve, i'm sure you are watching. we will catch up soon. next, the biden uphill bat