>> for the news, i'm pete williams >> i'm kelly evans in for shepard smith.t's half past the hour, here's what's making the news on cnbc vladimir putin lashing out against the u.s., his new message as the eu takes a step that ukraine's president says brings victory closer. >> the crypto crash. cnbc's kate rooney in miami with a look at the impact on the city and what its pro-crypto mayor is saying now >> first, scandal rocks the wwe. vince mcmahon, the billionaire ceo and primary shareholder of world wrestling entertainment, stepping back temporarily from his leadership roles within the company. he'll be stepping aside while there's an investigation into alleged misconduct "wall street journal" reported they're investigating hush money payments he made to a former employee, but wwe reports mcmahon will maintain control of the company's creative storylines while under investigation. in typical brash mcmahon fashion, he's not going quietly. the wwe reports he'll appear tonight tive on smackdown in character to address the scandal. a source familiar with the mat

i'm tyler matheson along with kelly evans.nterest rates just minutes away and will they hike by half a point and up three-quarters of a point and something the fed hasn't done in 28 years the central bank's response to surging inflation to impact every corner of the economy. frankly, kelly, for financial nerds like us, it doesn't get any bigger than this >> it is a biggie. here's a quick check on markets up to the event and the averages hanging on to gains and the dow is up 215 points and the s&p up 41 and the nasdaq is up 200 points and there's the ten-year, 3.4% >> let's welcome our pre-decision panel, david kelley with j.p. morgan asset management and john bellows and we'll get to your decisions of what the fed could do and lend the voices of many others we've heard from today mona, i'll ask you how americans should feel. my wealth is down. i'm not as rich as i was three months ago p prices are up a lot and i'm spending more and they're talking about recession. can you make me feel better? >> it's not an easy time for most

i'm kelly evans in for shepard smith. this is "the news" on cnbc. >> a prime time speech on guns in america the president set to pressure a divided congress to act. >> we must summon the courage to do what is right, the courage to protect our kids. >> these laws do nothing to stop crime and no one here thinks they will actually stop mass shootings. >>> reports from the white house and capitol hill. >>> mass shooting inside a tulsa hospital >> another act of violence upon an american city >> four dead, including two doctors. the gunman's motive revealed. >>> new reporting on the uvalde school shooting. what a negotiator tried to do, plus the call made from a teacher to her police officer husband before she was killed. >>> she was demonize amber heard's attorney blasting the verdict in favor of johnny depp, who she's blaming and why. the experimental treatment providing new hope in the fight against cancer baby formula crisis. the fda now under investigation. and -- all of the highlights from the jubilee >>> live from cnbc,

jay bryson was one of the best interviewed i've seen on television with kelly evans. kelly, absolutely one of the finest interviews i've seen you do you nailed it and it was -- >> credit it to jay. he was spoken. >> jay was good. but you were better. that is a great, great interview. >> oh, you flatterer. >> watch that. you know something, mathisen, you you could learn from watching that interview and i don't say that lightly >> you're still not guesting on the christmas card list, michael farr. >> she nailed it i'm telling you, she nailed it and markets are pulling back and we're down 24% and the average bear market is 30% so i'm not feeling polianish or good about things but we are historically a lot closer to a bottom than we are to a top. things were high they are no longer high. this recession that i think will likely come could take months to play out so if we go down that 30%, then the next 6% of kpitulation could be painful and pain at the pump and grocery store for several months but as jim grant said, this is when you start to look and bear marketers are wher

i'm kelly evans. 390,000 jobs added in may. more people coming into the labor force.rage hourly earnings up and no real sign oofz slowdown does the fed have to get more aggressive head of the cleveland fed will join us with her take on the numbers and what it means for rate hikes and we'll hear from someone on the hunt for goldilocks stocks she will name names. stocks are falling dom chu has the latest >> not falling as much as they were earlier in the session. keep can in mind we're decently off session lows they're off about 218 points the s&p 500 sits at 4124 50 points to the down side off about 1 and a quarter per sent down 256 points. energy, far and away the best performing sector. only one in the green. that takes us to the week today look over the course of the past week, energy has still been the stand rout momentum play up 1 and a quarter percent and discretionary on a relative basis. health care has been the real laggard over the past week that's the way it's played out so far and a lot of focus on the mega cap stocks, especially when it comes to apple and

i'm kelly evans. pretty nice rally in stocks with the du 600 points after the market got crushed last week even as recession calls for a louder treasury secretary says the unl r unemployment rate may need to go up for five years what does it mean for the market and home sales down for the fourth straight month. one of the largest home builders seeing a slowdown. he says slowing down what happens next is guessing and we're going to look at the stats, stock and strategy on names most exposed to the currency and cloud but first, let's check on the markets. dow up more than 600 points. 30,492 for a 2% gain s&p is up 2.5% and the nasdaq with a 3% rally to lead the way. the nasdaq is the big winner reversing some of the downward selling pressure we've been helped with alphabet up 4.5 pr. and the semis are also making a come back here check out the e trk, if around 212 a share. nvidia, applied materials. frirns their case, more than a 6% gain today. and now energy importantly, it's coming back after a big do

i'm kelly evans and welcome to "the exchange.he early attempt at rebound has started to fade and now we're starting to come back. bottom line is the dow is bottom for the 11th week in the past 12 worries about the economies are growing after the fed got hawkish wednesday. we'll hear from someone who says the bigger rate hike was a mistake. and you'd think ease makers would be soaring as well and it's the best performer. we'll dig into the problem this was also supposed to be the summer of travel but those stocks have been trading terribly so, we have three buys andaz bail in the travel sector. but first let's get the latest numbers from dom chu >> yes again on paces to be the worst week since the pandemic lows it's fairly calm and even especially when it comes to the dow. it's relatively flat that symmetry note we were up 240 points for the dow. it's not great but still pretty decent we were down 274 points at the lows the symmetry playing out as they try handicap how this week shakes up for this particular friday the s&p 3673, u

i'm kelly evans and a hot reading on inflation plus the tanking in consumer sentiment and increase in expectation. the dow is down 805 points and down 5.5% this week for the worst week since january and down for the 10th time in 11 weeks, which hasn't happened sings the grade depression and currently the nasdaq down 400 points amazon is the third one on your chart. off 10% just this week the consumer sentiment reading is hitting the discretionary stocks names -- bob and rick sare standing by with more. bob. >> so much for the peek inflation narrative. what's happening is there's a lot of round trips and that's what the s&p look-s like here. ee had a brief 10% rally on hopes. and now we're back to the key level, that 3900 level was-main low we had a lot of sectors have gone round trip transports, for example, at another 52-week low. sit situation. and intel's at a new low 137.35 we're just barely above that down about 5% on the day travel and leisure, you heard from kelly, that consumer sentiment number didn't help we may have peek travel but bookings all down. visa also hurting the do

in for kelly evans retail wrecked again target has too much inventory, forcing 2 to cut prices. but is this just a target thing? how much is is an industry-wide issue? >>> congress and crypto. a bipartisan bill introduced 250d what does it say what will it actually do we will have some answers. and we're taking a close look at consumer spending. campbell's soup, the story and the trade on each one. but we begin, of course, with the markets. dom chu with the numbers >> we started off negatively, so to speak at one point in the day, the dow was down 274 points. so, we've gotten back quite a bit in term oz of the over alttrade so far. even at 274, wasn't a massive decline but a lot of it had to do with news we'll talk about in a bit. up 1/10th of a percent similar for the nasdaq composite. they're up 19 points on the day. retail has to be the big theme target in the blockbuster, royaling announcement saying they're going to take near term profit margin and hits to set themselves up for possibly more success down the line during the all-ir important holiday shopping season. we've go

meanwhile, don't go anywhere "the exchange" with kelly evans begins right mow >> thanks. hi, everybody. here's what's ahead on "the exchange." the s&p is about to book its worst half performance in over a century. will it be a different story in the back half? it has to be, right? we'll look at the dynamics with june about to draw to it a close. plus the great crypto unwinds. what steve weisz is referencing. he joins us to explain why and what he sees happening next. and forget the safe haven sectors, we look at why it may be time to play offense and the names to include in your portfolio. dow's in the green bob at the new york stock exchange >> it's two steps forward and two steps this week as there's not a lot of trading pattern here, not a lot of momentum and it's causing a lot of confusion with the trading community s&p 500 has been a very narrow range. about 3800 to maybe 3840 or so. for that's narrow range. dow's up fractionally here i so consumer staples like proctor, good and health care like united health are helping out. nasdaq is having problems because semicon

in for kelly evans retail wrecked again target has too much inventory, forcing 2 to cut prices.ide issue? >>> congress and crypto. a bipartisan bill introduced 250d what does it say what will it actually do

meanwhile, don't go anywhere "the exchange" with kelly evans begins right mow >> thanks.e's what's ahead on "the exchange." the s&p is about to book its worst half performance in over a century. will it be a different story in the back half? it has to be, right? we'll look at the dynamics with june about to draw to it a close. plus the great crypto unwinds. what steve weisz is referencing. he joins us to explain why and whates

term the opportunity costs, we'll ask and hear from suze, but first, courtney reagan is in for kelly evans. >> thank you the dow and s&p are under pressure this afternoon as the yields slide the s&p hugging the flat line. the s&p up about half a percent. the yield on the ten-year sitting just slightly above 3% its lowest in about two weeks. the fed chair reiterating his commitment to bringing down inflation and oil prices in focus pulling back down about 1% and that's sending valero down 8% and halliburton shares down 6% and chevron up more than 4% >>> all right, we start with tesla and questions about its growth ceo elon musk warning that tesla's new factories are, quote, losing billions of dollars. the comments were made during a late-may interview that are just now coming to light, ramping up new factories is, of course, a cash-heavy business. tesla shares are down 30% so far this year all while musk could potentially buy twitter. here to discuss tesla's road ahead is colin rush, research analyst at oppenheimer he maintains a buy rating and a price target of $191, and tim higgins and a

i'm kelly evans, and we have another steep market sell-off on our hands today. right now. below it for the first time since last january the nasdaq the worst performer again back to its lowest since september 2020 today's losses wiping out yesterday's post fed rally markets seem more concerned about a recession with the ten-year treasury yield back down to 3.33%. our reporters are all over this story this afternoon dom chu with today's market moves. steve liesman on the central bank rate hikes around

i'm kelly evans and we're waiting on a crucial decision by the central bank three quarters or even aall of these questions and let's go to dom chu with the latest numbers

i'm kelly evans. here is what's coming up on "the exchange." the best thing about the first half of the year for stocks is the fact it's almost over. we're down again today as we close out the worst start in 52 years. previous bad beginnings have been followed by strong finishes why history gives some hope for a rebound. crypto, of course, also getting crushed this year. bitcoin down 60% and while many are looking for a bottom, the bad news keeps rolling in we have the very latest. almost as bad as bitcoin, the etf of recent ipos, lost half its value in 2022. so we are hunting for opportunity in the sell-off with three buys and a bail. but first let's start with these markets. we're well off session lows, actually at the lows today the dow down almost 600 points, if you can believe it right now we're down about 120 or a third of a percent, down a quarter% for the s&p, down half 5% for the nasdaq. tech is leading the declines today with big cap tech among the biggest losers, but these are modest as the tone has improved this afternoon. amazon, a

i'm kelly evans. here is what's coming up on "the exchange."out the first half of the year for stocks is the fact it's almost over. we're down again today as we close out the worst start in 52 years. previous bad beginnings have been followed by strong finishes why history gives some hope for a rebound. crypto, of course, also getting crushed this year. bitcoin down 60% and while many are looking for a bottom, the bad

i'm kelly evans. 390,000 jobs added in may. more people coming into the labor force.get more aggressive head of the cleveland fed will join us with her take on the numbers and what it means for rate hikes

i'm dominic chu in for kelly evans. markets are lower but not by much the recent rebound peteerring ot just a bit plus, shortage to glut lumber prices are tumbling down nearly 60% in three months and now there's an oversupply, believe it or not. is this a sign of broader deflationary pressures and earnings from docusign and stitchfix and vail resorts we begin with today's market action i will take you through some of those numbers right now, and because we did mention that marginal move lower, a lot of this might be just jockeying for position ahead of the very big consumer price index, cp ireport coming up for u.s. inflation tomorrow morning, a big ecb, european central bank, decision may be weighing on things, slightly worse than expected jobless claims numbers a 50-point loss for the dow. the s&p is above 4,100 it's down 11 points or about a quarter of a percent the nasdaq composite down about 55 points or roughly half a percent decline here one place to keep an eye on what's happening with transportation stocks, rel

. >>> thank you, scott hi, everyone i'm kelly evans.e fed is squarely focused on inflation vice chair lael brainard says bringing inflation down is the number one priority. can the market weather a more hawkish fed this year, and what does it all mean for the economy and for the labor market stocks fell when brainard made those comments earlier we're bouncing back now, the nasdaq up almost 2%. is this just an oversold bounce or could the market prove to be a haven in these inflationary times? plus, we have rh, we have

and now we want to hand things over to "the exchange" with kelly evans. >> hi, everybody welcome to "the exchange." we will continue following the big story of the day on roe v wade you're seeing a lot of green on the screen behind me we're trying for a positive week the dow's up 650 points. nasdaq again leading the way with a 2.4% gain all sectors are in the green financials are up 3.5% tech stocks big in the green the mega caps, the seminames participating. up 3.5%, back to 215 yields, that's where wea've seen a lot of action. and let's check on oil, which is actually up about 2% today last flirting with about 106 and now $107 a barrel. now we've seen a sharp reversal lately in several key market readings on inflation. especially after they hiked rates by 75 basis points last week especially with the commodity e, f dropping same story with the 10-year treasury got back to 3%, just above that right now. is it a victory sign or a warning sign and does it change where you should invest? joining us now is the cheief investment officer at boguau capital partners is the trade buried here

i'm kelly evans.with the du 600 points after the market got crushed last week even as recession calls for a louder treasury secretary says the unl r unemployment rate may need to go up for five years what does it mean for the market and home sales down for the fourth straight month. one of the largest home builders seeing a slowdown.

. >>> thank you, scott hi, everyone i'm kelly evans. ahead today the fed is squarely focused on inflation vice chair lael brainard says bringing inflation down is the number one priority. can the market weather a more hawkish fed this year, and what does it all mean for the economy and for the labor market stocks fell when brainard made those comments earlier we're bouncing back now, the nasdaq up almost 2%. is this just an oversold bounce or could the market prove to be a haven in these inflationary times? plus, we have rh, we have lulu all reporting after the bell can't wait to hear from the ceos, rh in particular, of course, on inflation, the consumer and the dollar after microsoft's comments today first let's get over to dom chu with the latest on these markets. >>> all kinds of potential micro economic company specific catalysts, kelly, to your point. the microsoft story we'll get to in a bit this is a driver on the day. session highs for the stock market the dow industrials up 195 points, just a hair above 33,000 right now, half o

i'm kelly evans and welcome to "the exchange. fade and now we're starting to come back. bottom line is the dow is bottom for the 11th week in the past 12 worries about the economies are growing after the fed got hawkish wednesday. we'll hear from someone who says the bigger rate hike was a mistake. and you'd think ease

i'm kelly evans in for shepard smith.h on guns in america the president set to pressure a divided congress to act. >> we must summon the courage to do what is right, the courage to protect our kids. >> these laws do nothing to stop crime and no one here thinks they will actually stop mass shootings. >>> reports from the white house and capitol hill. >>> mass shooting inside a tulsa

tyler mathisen is off today, i'm kelly evans. here's what's ahead, a power player in real estate as ceos push to get workers back into the office, don peebls is here to discuss the headwinds facing commercial real estate and the development taking place in miami. city people are now calling wall street south. >>> plus, exxon's ceo darren wood says the clean energy transition is to blame for high oil prices is he right? we will take a close look at energy policy, try to find possible solutions and figure out what it's all going to mean for your utility bills first, let's get a quick check on the markets where the dow is near session lows down almost 300 points right now after being up 400 earlier today it's the outperformer down 8/10, s&p is down 1.3, nasdaq down 2.25 energy is the best performing sector led higher by names like hess, marathon, and williams we also have qualcomm spiking midday on an analysts' tweet the tweet said apple is likely to keep using qualcomm 5g modem chips. qualcomm shares are up 5.5% right now. the mark

i'm dominic chu in for kelly evans.he recent rebound peteerring ot just a bit plus, shortage to glut lumber prices are tumbling down nearly 60% in three months and now there's an oversupply, believe it or not. is this a sign of broader deflationary pressures and earnings from docusign and

i'm kelly evans, and we have another steep market sell-off on our hands today. the dow dropping below 30,000. we're sitting right on that mark right now. below it for the first time since last january the nasdaq the worst performer again back to its lowest since september 2020 today's losses wiping out yesterday's post fed rally markets seem more concerned about a recession with the ten-year treasury yield back down to 3.33%. our reporters are all over this story this afternoon dom chu with today's market moves. steve liesman on the central bank rate hikes around the world including a shocker from the swiss, and diana olick on the continued fallout on the housing market welcome, everybody dom, take it away. >>> so the markets right now are still down 650 points but, believe it or not, that is 200 points or so off the worst levels of the session. we were down about 861 points or thereabouts earlier on this morning so if you look at the dow industrials sitting on that 30,000 level, psychologically important, maybe more than anything else but still down over 2%. 11

that you need to consider with starts now >>> another shooting devastates an american town i'm kelly evansws on cnbc >> amid a nationwide explosion in gun violence, yet another american community shattered by a mass shooting. >> the person that subdued the suspect in my opinion is a hero. >> tonight, the details on the loss of life and the search for answers. >>> the senate stands adjourned until tuesday, june 21st >> lawmakers leave town without a deal on new gun laws why one republican who walked out of negotiations says he's do

and now we want to hand things over to "the exchange" with kelly evans. >> hi, everybody welcome to "the exchange." we will continue following the big story of the day on roe v wade you're seeing a lot of green on the screen behind me we're trying for a positive week the dow's up 650 points. nasdaq again leading the way with a 2.4% gain all sectors are in the green financials are up 3.5% tech stocks big in the green the mega caps, the seminames participating.

i'm kelly evans and a hot reading on inflation plus the tanking in consumer sentiment and increase inwn 5.5% this week for the worst week since january and down for the 10th time in 11 weeks, which hasn't happened sings the grade depression and currentl

and now here are kelly ripa and ryan seacrest. ["told you so" by nathan evans

kelly ward and her husband michael source. this is part of the tfederal investigation into the slates of fraudulent electors. let's bring in evanorts to overturn the election? >> this tells us, jake, anybody that played a part in this effort to organize this slate of fake electors is either already subpoenaed or about to get subpoenaed. we know kelly ward was very prominent in the effort to get this stuff organized in orz orz and the idea being they would be alternate electors for donald trump if that time came to pass, obviously. >> interesting. we heard three former trump justice department officials yesterday describing how under qualified they thought trump's attorney general jeffrey clark was. they went into quite some detail and learned his home was raided before the hearing started. what did investigators take and what were they looking for? >> we know this is part of the investigation, the broader investigation into the effort to overturn the election and the investors came in and spent three hours or so and had apparently an electronic sniffing dog. he says they took electronics but describes a horrific circumstance be