i'm kelly evans in for shepard smith. this is the news on cnbc president biden face-to-face with mbs the controversial high-stakes meeting. >> jamal khashoggi, who will you apologize to his family, sir >> and what came of their talk >> with respect to the murder of khashoggi, i raised it at the top of the meeting >>> another political torpedo from senator joe manchin this time slamming the brakes on his party's economic agenda. >> i thought we were moving truly if the right direction but then you to pay for that >>> the secret service defends the deletion of texts from january 6th. the explanation and the committee's response >> we are obviously very concerned. >>> americans rescued from russian occupied ukraine arrive back home. >> i was in hell it was terrifying. >> the operation from the most violent areas of the country as russian missiles continue to target civilian buildings. >>> the new suicide prevention hotline going live this weekend. san francisco's mayor on her plan to beat back crime. and the hero neighbor wh

i'm kelly evans. here is what's ahead relief rally stocks are higher, as we count down to what feels like a fairly predictable decision next hour from the fed are we being lured into a false sense of calm? will chair powell double down on his inflation flight, even as markets believe it will prove short-lived. rates rise, so are cancellations to built new homes taylor morsing is the latest to report a slowdown. and in earnings, it's meta, of course, it's also ford our trader pounds the table for stanley black & decker all coming up. >> the rally is pretty strong here, kelly. ahead of the fed, you wouldn't think you would be this dramatic, but maybe where we come from has to do with where we are right now it has been decidededly negative with the market narrative. today's gains kind of put you back toward the middle of the trading range. 16.3% declines a nasdaq composite some of those strong er move, a the highs of the session to the composite index. so tilt ing speaking of, check out, always a huge fo

i'm kelly evans. another week and same old story. concerns growing over a possible recession and europe in particular we'll hear from someone who say the biggest risk is -- and saying the fed needs to kill off inflation to save the economy. and he's buying certain stocks who is right we'll ask david, who's also feeling a little more bullish these days and the u.s. dollar hitting a 20-year high against the euro. what does it mean? who benefits and let's begin with dom chu >> it's are red but one part of the market had turned green. it is the technology component side of things so, with let's take you through the market narrative it's down about 600 points 577 right onow woevl been hovering around this decline level for most of the morning. $35.68 is the trade. 1.5% declined. but the nasdaq trade is not necessarily that you want to accentuate the positive. it's more whether they're flying more towards boiing tips, whether it's to cover short bets or take long value positions we were positive up about 25 points in the nasdaq trade. we w

i'm kelly evans. another week and same old story.er a possible recession and europe in particular we'll hear from someone who say the biggest risk is -- and saying the fed needs to kill off inflation to save the economy.

i'm kelly evans. you hear it everywhere after the data this week -u.s.s already in recession but not so past. we have strongb ins on the labor market what does this mean for your investment we have answers. and the state of the union ap apple, amazon, starbucks and plus we'll get you ready for the second half of the year with three buys and a bail for the second half of 2022. follow me as i carefully make my way over here. the dow is down 91 points. the nasdaq down 67 modest declines we saw in the first half of the year big story of the day 10-year note 2.9 on the money unbelievable drop we've seen this week. we were over 315 this week lower market inflation expectations lower core pcr readings factoring into the lower price pressures this morning now, because of this, the home builders are having a great day, despite an unexpected drop in spending remember, strong housing data in april came as mortgage rates moderated the first time around and maybe we could get moderation again micron down grade from bae to neutral. that's not for helping shares down m

i'm kelly evans. welcome to "the exchange." inflation soaring, the fastest pace in 41 years why is the ten-year treasury yield down we'll look at the signals that have been dropping sharply and do stay until pressure if the fed does another large rate hike david zirbos is saying, what do they need to do now to keep the credibility? we will ask him. now that cpi is out of the way, the markets is focus on earnings we'll get you ready for the big names reporting tomorrow it's coming up in earnings exchange fir first, dom has the picture. >> after the cpi came out, we saw a big move in interest rates and futures for the stock market overall. if you look at the nasdaq trade specifically, many of those stocks took a big leg lower. the dow industrial is only down about 82 points, the s&p pretty much flags the nasdaq in the green by 29 points we were markedly lower at one point today. now, speaking of that, take a look at some of these stocks within that bigger nasdaq 100 trade, these are some of the stocks that have seen some of the b

. >>> thank you, david in for kelly evans and here's what's ahead voyager digital filing for bankruptcy is this ripple effect going to take out more players in the crypto industry. prices now at $96 a barrel we're going to look at whether the heat decline may mean prices are there stay and we're an hour away from the release of the minutes of the latest fed meeting what they were saying as they agreed to hike rates by three quarters of a percent and what clues does that give us to what they might do next dom. >> trat that market might be in a holding pattern, given what we're anticipating to see later on at 2:00 p.m. eastern time the s&p, dow and nasdaq, it's been a fairly tight trading race it's giving you an idea of the context. wore 90 points we're up 122 with points at the high tofz session and down 173 at the low fractional losses across the board. it's the nasdaq out performing and two-ten gts of 1% with are regard to the s&p fiesk 00 one place that 134 traders are keeping a close eye on is energy big momentum trade last year the reason why some are paying more attention today wit

i'm kelly evans. stocks up again today led by the tech trade amazon and apple leading the way today. roku a total disaster falling 21%. plus if we could make more we would sell more. fresh off the meeting with the president the ceo of corning joins us with the take on the recession and inflation. gina sanchez is buying the farm, three ag stocks she likes and one food name she is steering away from. dom chu has the numbers? dom? >> we have a nice rally today to follow up on the general positive theme to end this particular july with right now the dow industrials up 200. the s&p 500 up about a full percent. 4115 the last trade. the composite up 1.3%. as you can see, just about the most important sectors out there are in the green so we'll keep an eyen that one place to keep an eye on is the energy complex overall there's a reason why energy. the oil majors integrated names came out with earnings that topped expectations. chevron with a nice boost to up the higher end of the stock buyback guidance chevro

i'm kelly evans. you hear it everywhere after the data this week -u.s.he labor market what does this mean for your investment we have answers. and the state of the union apple

. >>> thank you, david in for kelly evans and here's what's ahead voyager digital filing for bankruptcyo take out more players in the crypto industry. prices now at $96 a barrel we're going to look at whether the heat decline may mean prices are there stay

. >>> hi, everybody, i'm kelly evans, and here is what is ahead. across the economy, we are starting to see signs of a slowdown and that might not be a bad thing. what goldman says the strong job report shows a significant slowdown is happening. >>> one analyst says restaurants want the recession, he will explain and give us the stocks to watch. we will also look at all the ways the twitter elon musk saga could begin. >>> this idea may be the recession is more in play, slowdown, leading to the bed for government bonds, but to kelly's point, we are down across the board. to give you an idea of how things are shaking out, the s&p 500 is down about 37 points pick up a high today, still down but around 19 points. it will give you the idea of the trading range, a little more to the middle and lower and, the outperform are down one third of 1%. 240 alas, 11,004 12, down 222 points are roughly 2%. what is driving that nasdaq is weakness in key names letter tied to the most important sectors in the s&p 500. among the worst performers, consumer dissection e

i'm kelly evans and we're having another risk off kind of day the base case is still only 75 basis pointslped calm things down earlier but now we're sliding back to the session lows those results from the banks this morning aren't helping. we'll look at the tough spot the fed and the markets are in plus, whether inflation has peaked as dan warns about the future of copper and a deepening global energy crisis what are commodities telling

i'm kelly evans and we're having another risk off kind of day the base case is still only 75 basis points for this month's rate hike, that helped calm things down earlier but now we're sliding back to the session lows those results from the banks this morning aren't helping. we'll look at the tough spot the fed and the markets are in plus, whether inflation has peaked as dan warns about the future of copper and a deepening global energy crisis what are commodities telling us? and netflix picks microsoft to help it roll out ads how the deal went down and what it could mean for both companies. we will have all the details to dom chu with the worsening numbers. >>> so the numbers are worsening, but because we haven't seen the kind of bounce we saw yesterday after the cpi numbers were released, so let's put things in perspective. it's a 450-point drop, down about 1.5% it's similar for the s&p 500 we use the broader s&p which is 3747 at the highs we were still down roughly 31 points. at the lows of the session down around 80, so you can see they're down 55 right in between the trading range so

i'm kelly evans. up again today led by the tech trade amazon and apple leading the way today. roku a total disaster falling 21%. plus if we could make more we would sell more. fresh off the meeting with the president the ceo of corning joins us with the take on the recession and inflation. gina sanchez is buying the

i'm kelly evans. welcome to "the exchange."t pace in 41 years why is the ten-year treasury yield down we'll look at the signals that have been dropping sharply and do stay until pressure if the fed does another large rate hike david zirbos is saying, what do they need to do now to keep the credibility? we will ask

. >>> thank you, scott i'm kelly evans and the market is ripping today we got better earnings, strongers and a key drop in inflation expectations expected to keep the heat off the fed at its next meeting. two big questions now. will gas prices stay down and is inflation or recession the bigger threat, and which one should investors expect and prepare for. we'll dive into that speaking of which, president biden in saudi arabia to try to bring those oil prices down, but will it work meanwhile his policy agenda back at hom

. >>> and we'll be talking more about crocs, scott thanks i'm kelly evans. here is what's ahead on "the exchange." another rebound in stocks. the nasdaq the biggest gainer as it tries for a four session win streak we'll look at what's prompting this change in sentiment and where the best opportunities are. plus, we can't have a recession if the jobs market stays this tight. but will it? we'll look ahead to tomorrow's big jobs report and what the uptick in layoff announcements mean oil bouncing back strongly commodities have been creamed lately we'll get you the stats, the story and the trade on oil, metals and more. but first, dom chu has our latest markets >> the numbers are bouncing back across the board we've had a sell-off in many parts of the market, kelly the stock market notwithstanding, the dow industrials up 270 points. about almost one full percentage point. 38.94 overall as it disappears a little bit it's up 48 points. this is near the highs of the session. at the highs we're up right now roughly 51 points. at the lows we're still up 13. to if igi

i'm kelly evans, and here's what's ahead walmart's core customer is under pressure jan niffin gave ushe very warning on friday, and now the retail giant gave us its outlook sending the markets lower, at least mostly lower and it's not walmart. sholify is laying off workers. are there any retail winners actually, yeah, and we'll go through them big tech on deck the nasdaq leading the declines right now as microsoft and alphabet are set to report after the bell should you buy either right now? it's actually a yes for one of them says danielle shea who will make her case in a moment, and from lack of product to lack of labor. we check back in with one company that we first profiled during the pandemic. the ceo says job abandonment is now his biggest challenge, but, first, let's get to today's market numbers, dom? >> it's red, especially the nasdaq right now for the dow, leading, if you will, on a relative basis, only over 125 points. 31,867 about one-third of 1% downside the s&p is still below 4,000, 3926 the last trade. off about 40% and a 1% decline and the nasdaq composite has been th

i'm kelly evans.s what's ahead relief rally stocks are higher, as we count down to what feels like a fairly predictable decision next hour from the fed are we being lured into a false sense of calm? will chair powell double down on his inflation flight, even as markets believe it will prove short-lived. rates rise, so are cancellations to built new homes taylor morsing is the latest to report a slowdown.

i'm kelly evans and we are all over these major market moves today. the dollar close to parody with the euro, bond yield curves inverting or dropping sharply. oil collapsing again, weigh below $100 a barrel. all of this as we head into earnings season and await the big cpi report, as well. so what are these big moves telling us we have some theories and some answers. today is also amazon's prime day. doesn't seem to be as big a deal as in the past, and maybe that's by design. does amazon still want retail to be its loss leader and bill ekman's spac couldn't make the deal. is the spac model flawed first the markets, where we're seeing a lot of green. >> we'll take it after yesterday's losses the dow industrials up about 150 points, one-half of 1% advances there. right now, 31,330. the s&p 500, up about one quarter of 1%. similar percentage advantages, up 32 points 11,408, the last trade again, positive. it's not gangbusters, but the bulls will maybe take it, given what we've seen over the last several days in terms of market action one place we are see

i'm kelly evans and stocks are higher once again. the nasdaq is up 5% so far in july, so oare slowdown fears ove or is growth rallying because it's getting more scarce we'll hear from one investor who says the worst likely isn't over. >>> and the great disney debate, it's the worst performing stock over three months, six months, 12 months. it's the worst year-to-date. is it macro, politics, the ceo we'll have a bull/bear debate. >>> plus, earnings season is in full swing we've got another spate of big reports on tap will ibm, johnson & johnson, and halliburton. it's all coming up in earnings exchange let's hit these market numbers come over here while we dive in. the dow was up 72% it's up a quarter percent while the s&p is up half a percent this big rally -- this rally isn't so baig, but it goes back to big gains on friday the nasdaq is leading the way today as i mentioned let's look through some of the areas where we're seeing big moves. goldman is up almost 2% today after its results. that's helping kind of sentiment more broadly,

. >>> and we'll be talking more about crocs, scott thanks i'm kelly evans.s what's ahead on "the exchange." another rebound in stocks. the nasdaq the biggest gainer as it tries for a four session win streak we'll look at what's prompting this change in sentiment and where the best opportunities are. plus, we can't have a recession if the jobs market stays this tight. but will it? we'll look ahead to tomorrow's big jobs report and what the uptick in layoff announcements mean oil bouncing back ng

. >>> thank you, scott i'm kelly evans and the market is ripping today we got better earnings, stronger retail sales and a key drop in inflation expectations expected to keep the heat off the fed at its next meeting. two big questions now. will gas prices stay down and is inflation or recession the bigger threat, and which one should investors expect and prepare for. we'll dive into that speaking of which, president biden in saudi arabia to try to bring those oil prices down, but will it work meanwhile his policy agenda back at home sitting a senatorial speed bump and we have a bitsusy week next week, three stocks to buy and one fail how is the market looking? >> pretty good right now green across the screen for the major indexes. if you look at the dow industrials, 561 is the number we're at right now that is how much we're up. 658 points to up side was the high of the session. the low was up 145 points. so tilted more towards the high end of that range right now. the s&p 500, 3850, up 60 points. 1.5% gains there and nasdaq is lagging if you want to call it that, up about 1.4% composit

. >>> hi, everybody, i'm kelly evans, and here is what is ahead.oss the economy, we are starting to see signs of a slowdown and that might not be a bad thing. what goldman says the strong job report shows a significant slowdown is happening. >>> one analyst says restaurants want the recession, he will explain and give u

i'm kelly evans and we are all over these major market moves today. euro, bond yield curves inverting or dropping sharply. oil collapsing again, weigh below $100 a barrel. all of this as we head into earnings season and await the big cpi report, as well. so what are these big moves telling us we have some theories and some answers. today is also amazon's prime day. doesn't seem to be as big a deal as in the past, and maybe that's by design. does amazon still want retail to be its loss

i'm kelly evans and stocks are higher once again.o far in july, so oare slowdown fears ove or is growth rallying because it's getting more scarce we'll hear from one investor who says the worst likely isn't over. >>> and the great disney debate, it's the worst performing stock over three months, six months, 12 months. it's the worst year-to-date. is it macro, politics, the ceo we'll have a bull/bear debate. >>> plus, earnings season is in full swing we've got anothe

i'm kelly evans, and here's what's ahead walmart's core customer is under pressure jan niffin gave usery warning on friday, and now the retail giant gave us its outlook sending the markets lower, at least mostly lower and it's not walmart. sholify is laying off workers. are there any retail winners actually, yeah, and we'll go through them big tech on deck the nasdaq leading the declines right now as microsoft and alphabet are set t

welcome to both of you julia, what are the key numbers to watch >> well, kelly, first i have to go to that warning that ceo evanat the end of may he said that due to a deterioration of the market they did not expect to hit the lower end of their guidance range. we see the stock rebounding this week because maybe there's this hope that maybe he was being a little conservative. so i think we have to remember that he gave that warning in may. he's been incredibly transparent about all the ad trends they've seen we're watching that. one is this macroeconomic question, are we seeing an advertising pullback and then there's a second question of that are the factors specific to snap and, two, this question of engagement, another number to watch here, kelly, 12 million, how many daily active users the company is expected to add in the quarter. and of course outlook. the expectations for the second half of the year will be in the spotlight. >> all right danielle what are you watching, and what would you do with the stock here >> kelly, you know what is really interesting about this stock and this earnings season in gene

kelly, and ms. leger fernandez, i inform the house that these members will vote yes on the evans amendment. the speaker pro tempore: for what purpose does the gentleman from indiana seek recognition? >> mr. speaker, as the member designated by mrs. walorski from indiana, i inform the house that mrs. walorski will vote nay on amendment 461. the speaker pro tempore: for what purpose does the gentleman from california seek recognition? mr. correa: mr. speaker, as the member designated by the following congress members -- barragan, cardenas, kahele, jacobs, suozzi, i inform the house that these members will vote yes on the evans amendment. the speaker pro tempore: for what purpose does the gentleman from nebraska seek recognition? >> as the member designated by mrs. vicky hartzler of missouri, i inform the house that mrs. hartzler will vote no on amendment 461. the speaker pro tempore: for what purpose does the gentleman from michigan seek recognition? >> mr. speaker, as the member designated by mr. katko of new york, i inform the house that mr. katko will vote yea on amendment 461. as the memb