i'm kelly evans and here's what's ahead this hour the inflation guessing game. inflation expert says, hold on, growth stocks will come back down to earth and some of them have this week already. we'll delve into it. plus, streaming, screaming, and is it curtains down for one major media chain. what some of the headlines could be telling us about where the world of entertainment is heading. >>> and three buys and a bail. the name that gena sanchez is crushing i

"the exchange" with kelly evans begins right now >>> thank you, frank hi, everybody. i'm kelly evans, and here is what's ahead this hour has the rally run out of steam the answer may be yes based on what we're seeing in the options market we'll look at what's going on there and where the opportunities are right now. and apple's ad ambitions, what's the plan who are the winners and losers, and how will it affect all iphone users we'll tackle it. the earnings parade continues with deere applied materials and footlocker, whether it's a business cycle barometer, the pulse of the consumer, all coming up in earnings exchange first dom chu. >>> semis, cedes and shoes is like sally sells sea shells by the sea shore. the markets are very neutral and when i say that it's not to say they're up or down, although they're fractionally, marge inay so to give you context of the range, the s&p 500 which sits at 4270 down three whole points, flat on the session. was at the highs of the day up 14 points. at the lows of the day we were down 13 points so, again, tilting to the lower side

"the exchange" with kelly evans begins right now >>> thank you, frank hi, everybody. the answer may be yes based on what we're seeing in the options market we'll look at what's going on there and where the opportunities are right now. and apple's ad ambitions, what's the plan who are the winners and losers, and how will it affect all iphone users we'll tackle it. the earnings parade continues with deere applied materials and footlocker, whether it's a business cycle barometer, the puls

. >>> i am kelly evans and for shepard smith. it is half past the hour, here is what's making the news on cnbc. >>> the head of the cdc says the agency failed to meet the moment during covid. now she is announcing a plan for major change. >>> bullets flying on the freeway. people shot at a convenience store. the multiagency investigation in arkansas after 18 shootings in one weekend. >>> but first, one year later, the man in charge of the withdrawal from afghanistan reflects on what happened. >>> marine corps general frank mckenzie took command in afghanistan just one month before it fell. the end of america's longest war was already in motion. general mckenzie was the head of central command and took charge when the commander of u.s. forces in afghanistan lef . in the weeks that followed the afghan military utterly collapsed, taliban fighters swept across the country with lightning speed, and easily seized the capitals. it was general mckenzie who negotiated a tense agreement with the taliban to allow evacuations from the airpor

. >>> thank you, scott hi i'm deirdre in for kelly evans here is what is ahead. stocks lower again today with all three averages on pace to finish august in the red but bun corporate manager is heeding warren buffet's advice to be greedy when others are fearful he will tell us where he's seeing those opportunities and violent clashes in iraq, a potential flood of iran oil, germany's natural gas bill, strong u.s. data, all whipsawing the energy complex we will get the geopolitical implications and what is next for prices. >>> we hit the three bs, so today the three cs, crowdstrike, chewy and crowd point. we begin with today's market action dom chu with the numbers >> looked like it was going to be green at one point. it was gren. it was close now we're pervasively in the red at one point here the dow industrials down nearly 300 points that's roughly 1% off session lows the s&p 500 below the 4,000 mark we're down 46 points, roughly 1.25% declines right now to give you an idea of the context and trading range at the highs of the session we were actually up 14 points

i'm kelly evans and here's what's ahead this hour the inflation guessing game. as pressures have eased somewhat, the bulls have teempb wall street. but one inflation expert says, hold on, growth stocks will come back down to earth and some of them have this week already. we'll delve into it. plus, streaming, screaming, and is it curtains down for one major media chain. what some of the headlines could be telling us about where the world of entertainment is heading. >>> and three buys and a bail. the name that gena sanchez is crushing it on all fronts and will continue to, even in a slower economy but, we begin with today's marks and let's begin with the nasdaq that's down almost 2% right now, a 225-point drop the nasdaq down 1% and the dow industrials, call it the outperformer, it's only down half a percent as i mentioned, a lot of pressure on some of the growthier parts of the market, as interest rates have moved up substantially. we have options expiration that's been adding to the volatility if we close at these levels, the nasdaq will pose a weekly loss for

guerrero is confirmed governor newsom said he plans to appoint alameda county superior court, judge kelly evans to phil guerrero spot on the supreme court. back to school tradition in san jose was repeated again today. it is the annual backpack giveaway, which was held by sacred heart community service. it's happened since 1998 this year. the nonprofit is giving away 3,800 backpacks. they are filled with school supplies, like binders pans markers rulers all the stuff the kids need these backpack kits are a big help for some families because it's estimated that basic school supplies and clothing will cost a family about 650 dollars this year. coming up attempting to solve a notorious bay area traffic trouble spot while also creating green infrastructure when environmentalists and politicians are saying proposed investments to highway 37 ♪ ♪ elon musk says tesla's full self-driving software is “amazing”, it will “blow your mind.” but does it work? this happens over and over again. 100,000 tesla drivers are already using full self-driving on public roads. i'm dan o'dowd. i'm a safety engineer and

. >>> i'm jon fortt in for kelly evans. here's what's ahead. just three days ahead of the july jobs report, mary daly tell me there's still a long way to go in the fight against inflation. what she thinking needs to happen with in -- we're going to talk to the ceo of misfits market >>> and chips, coffee and credit, the action, story and trade on amd, starbucks and paypal as they report this afternoon. first, to dom chu on today's market action. >> it looked like it would be a sell-off today, but it's not >> everything happening right now is leading to at least a bit of moderation. the s&p 500, again, session highs, up 21 points. we were down as low as 39, so 17 points, 4 is 36 the real outperformer up about interest rates. if you look at the spread, the difference in rates between three-month treasury bills and ten-year treasury notes, that's one of the preferred gauges of the yield curve that some dreers and investors look at as a possibility indicator. at one point today, it actually inverted ever so slightly, only to go higher again we're no

"the exchange" with kelly evans begins right now. >> thank you, frank. do you sell? and if so, what do you sell right now? stocks are pulling back today. the nasdaq hit the hardest that's because it's also had the biggest boundback. apple is up 32% in two months, only 5% below its record highs one technician set the run is done >>> and we try to makes sen of conflicting economic data, some numbers pointing that a slowdown, and still other just keep trucking along. how about the fed with those minutes react to it all? >>> and in "ens exchange" bj's, kohl's, and first to dominic which you. >> kelly, it was going to be bad in the beginning, but it goat progressively worse, but now we're in the middle of the trading range. now the dow industrials are down 176 points, 0.75 for the broader s&p 500, 4272 the last trait there. if you look at the nasdaq deposit, that's been the epicenter of a lot of the volatility at the highs of the session we were still down 94 points. at the lows of the session, down 239, to give you an idea so in the middle of that range-ish, but tilling

. >> hi, everybody i'm kelly evans. ahead this hour, stocks are surging after a lighter than expected inflation report. that's the good news the bad news is we're seeing the weakest productivity report for any expansion in post-war history. what does it mean for the economy? we'll discuss. the discussion has already started carter worth went short the xle and long the broader market that bet paid off. he's closing that position today. we ask him where he's putting it next and earnings are going to be reported today, so we'll get you set up first, dom chu has the latest numbers. >> as kelly pointed out it's a very strong day for the markets overall. maybe no surprise, it gives you an idea that the path of least resistance too on the up side. they got a bit of good news, but it's very bad, but maybe it's a sign of things getting better. nasdaq with 2.5% gains there even the s&p 500 almost re-claiming 4200 it did up, nearly 2% gains there. 1.5% gains for the dow industrials. if you are looking for a place you can see in th

i am jon fortt in for kelly evans.bor front, the july jobs report coming in much hotter than expected a look at how the fed could get with a potential fallout for the markets. plus consumer are spending big on experiences, helps livenation for a big quarter. we're l

. >>> i'm seema mody in for kelly evans. a big hour of "power lunch" ahead.fter the fed warns of rates for longer how to protect your investments and whether dividend payers are the best place to hide, but first we get to tyler with a check on the market. ty >> welcome, seema. welcome, everyone. the hawkish comments from fed chair higher sending all 11 sectors of the s&p 500 lower leta

. >>> i'm jon fort in for kelly evans. a tale of two industries and consumers. the ceos of papa john's and elk beauty join us live on the spending trends they're seeing plus, after holding the top spot for months, tech hiring has slowed significantly so which industry takes the top spot we have the answer as we're counting down tomorrow's big jobs report and apple's big ad ambitions. laura martin says advertising could be the next big revenue stream what kind of upside she sees ahead. and bob pisani at the new york stock exchange bob? >> hello, jon. we are trying to establish a higher trading range for the s&p and nasdaq a struggle today, but 4150 to 4200 looked like where we were headed same with a nasdaq d dow's not quite breaking out some sectors are out of favor. what's in favor? technology really for the last month or so. ark's been on a tear flattish today banks have been flattish consumer staples, a little out of favor and energy is really out of favor we were about $90 on oil yesterday. we're 87 and change now. some of these big names are just getting cl

i am jon fortt in for kelly evans. a big on the labor front, the july jobs report coming in much hotter than expected a look at how the fed could get with a potential fallout for the markets. plus consumer are spending big on experiences, helps livenation for a big quarter. we're joined live with the ceo on what he's seeing. >>> and the fed's impact on housing. more lenders have been hit hard by rising rates. there could be a shakeout in the industries he details are ahead the july jobs report and steve liesman. steve? >> jon, thanks job growth unexpectedly surging in july. bolster the case at the fed for continued hefty rate hikes jeffries is writing -- forget recession. the market narrative should be shifting to stronger for longer. set to accelerate. this could cause real wages, income spending at gdp to accelerate sharply in the third quarter. the data suggests a bit part of the employment rebound is employers getting back to the level they were at before the pandemic take a look at some of these numbers. here's wh

. >>> i'm seema mody in for kelly evans. a big hour of "power lunch" ahead. stocks getting hit hard after the fed warns of rates for longer how to protect your investments and whether dividend payers are the best place to hide, but first we get to tyler with a check on the market. ty >> welcome, seema. welcome, everyone. the hawkish comments from fed chair higher sending all 11 sectors of the s&p 500 lower let's take a look at the dow, the s&p and nasdaq on pace for the biggest one-day drop since late june. there you see the numbers and if i can see them, we'll bring them for you. they were down about 700 on the dow. the s&p 500 off a 3.5% decline tech the forecast for interest rates go meta and apple down 2% and that was most drive driven after jerome's, could this mean a recession is looming whatever it takes to get inflation down our next guest is looking to tech and defense for safety. jason ware is a partner and cio of albeon financial. jason, you say the worst is behind us on inflation, but there looms another risk it is a big one. it is called recessio

. >>> i'm jon fort in for kelly evans. a tale of two industries and consumers. live on the spending trends they're seeing plus, after holding the top spot for months, tech hiring has slowed significantly so which industry takes the top spot we have the answer as we're counting down tomorrow's big jobs report and apple's big ad

. >> i can say get me kelly evans and up you come. [ laughter ] >> if i don't have that i have to gomarttv function, right, and click on the icon. >> right you will either go to your smart tv when has your own user interface or perhaps you're like the tens of millions of people that have an amazon fire tv or a roku or an apple tv. >> and i go there. >> exactly that's not him, but we've confused about 80 million people now, but they'll find it they will get there. >> that's right. >> so overcoming the user interface issue is one hurdle for them they have probable rethe greatest football announcer, in my view ever in al michaels calling the games for them along with kirk herb street. are they going to have break through technology, a wrinkle that will make their broadcast stand out. >> so i was able to see a demo of what is coming and part of this great aspect of streaming does allow amazon to do some things differently than what we've seen the thing i'm most excited about is the idea of next-gen stats baked into the broadcast this will be particularly easy for folks that have an amazo

i'm seema mody in for kelly evans. here's what's ahead.es bullard is here and he's known to speak his mind about the central bank's inflation fight. how big should the fed go in september? stay tuned to find out, and if you're looking to protect your portfolio against inflation our market pro is buying up some energy names we will tell you which ones later this hour. ty >> seema, thank you very much, and welcome, everybody materials, communication services and financials leading the market higher at this hour there you see the dow industrials up 114 the s&p 500 higher by about three-quarters of a percent and the nasdaq, if i move my hands out of the way you will see it was 1.09%. two cloud stocks moving in different directions and snowflake on 2% this afternoon on strong quarterlies while salesforce, sliding a disappointing forecast for fiscalate 23 shares of peloton tumbling after the company reported its sixth straight quarterly loss. the stock surged 2% on a partnership with amazon. seema? >> the biggest event of the week for investors

i'm kelly evans. here is what's ahead this hour another lighter than expected inflation reading, but is it enough for the fed to change course "the wall street journal" hinting maybe not and which fed course will keep the bulls in charge the nasdaq 20% off the lows now. we will debate we have more on the rise and the risks of single stock leveraged etfs former nasdaq ceo is here with his take and we have the key things to watch and how to position on all three of those stocks. that's today's earnings exchange first, we begin with the markets and dom chu has our numbers. >> the numbers are rally mode, kelly, but modest compared to what happened yesterday. the inflation data a big catalyst for what happened with the rally. today's inflation data still impressive but not driving things as much the dow industrials up about 200 points, respectable. the highs of the session up 342 points at the lows still up 125 points gives you an idea of the trading range so far so tilt it a little bit more to that kind o

. >>> i'm jon fortt in for kelly evans. here's what's ahead.ahead of the july jobs report, mary daly tell me there's still a long way to go in the fight against inflation. what she thinking needs to happen with in -- we're going to talk to the ceo of misfits market

"the exchange" with kelly evans begins right now. >> thank you, frank. hi, everybody, happy friday.ose out another positive week, we are in fact on the first four-week win streak for the market since that peak back in september the nasdaq is now up 20% since the mid-june lows. new data out shows a more optimistic consumer. we'll dig into all the numbers to see if this rally can hold. and we'll get a trader's take on how to play the rally amid rising rates plus europe's energy crisis facing new challenges. a historic drought plaguing the

. >> hi, everybody i'm kelly evans.stocks are surging after a lighter than expected inflation report. that's the good news the bad news is we're seeing the weakest productivity report for any expansion in post-war history. what does it mean for the economy? we'll discuss. the discussion has already

i am in for kelly evans. here's what's ahead on "the exchange." banks tend to out perform in a rising rate environment and this time around the community banks are the big winners. we'll talk to the ceo of texas based bank about that and why he believes inflation has peaked. plus we are more than half way through earnings season but there are still big names on deck from pool rides to pinning to planes. we'll get the story on trade, uber, pinterest, and jetblue home prices are cooling off while inventories build. will it be enough to solve the affordability crisis why it could still take more than a year for the housing market to normalize. we begin with today's market action that means don chu is here with the numbers. >> we've seen both positive and negative movements in the markets so far today right now it's been at least a marginal move. fractional on either side of things as things stand right now 31 points for the dow 32,876 about 0.1 of 1% gain. the s&p 500 still above 4100 but 4,128 just about flat so far on the session. up and down fract

i'm kelly evans.hour another lighter than expected inflation reading, but is it enough for the fed to change course "the wall street journal" hinting maybe not and which fed course will keep the bulls in charge the nasdaq 20% off the lows now. we will debate we have more on the rise and the risks of single stock leveraged etfs former nasdaq ceo is here with his take and we have the key things to watch and how to position on all three of those stocks.

. >>> thank you, scott hi i'm deirdre in for kelly evans here is what is ahead.gust in the red but bun corporate manager is heeding warren buffet's advice to be greedy when others are fearful he will tell us where he's seeing those opportunities and violent clashes in iraq, a potential flood of iran oil, germany's natural gas bill, strong u.s. data, all whipsawing the energy complex we will get the geopolitical implications and what is next for pric

"the exchange" with kelly evans begins right now. >> thank you, frank. hi, everybody, happy friday. as we close out another positive week, we are in fact on the first four-week win streak for the market since that peak back in september the nasdaq is now up 20% since the mid-june lows. new data out shows a more optimistic consumer. we'll dig into all the numbers to see if this rally can hold. and we'll get a trader's take on how to play the rally amid rising rates plus europe's energy crisis facing new challenges. a historic drought plaguing the ka continent. the rivers are so low they can't get ships through with food and fuel we're going to get a live report the dow up 273 points, about0. of 1%. so the blue chips are somewhat lagging but the s&p is up a nice 1% and the nasdaq is up 1.3% as it continues its leadership since that recent low. the semi stocks are among the outperformers. all gaining 3% or more you can see an semi is up 8% energy the only sector moving lower with crude down 2% that's got chevron, diamondback, halliburton, coterra with modest declines take a look at the

"the exchange" with kelly evans begins right now. >> thank you, frank. do you sell? now? stocks are pulling back today. the nasdaq hit the hardest that's because it's also had the biggest boundback. apple is up 32% in two months, only 5% below its record highs one technician set the run is done >>> and we try to makes sen of conflicting economic data, some numbers pointing that a slowdown, and still other just keep trucking along. how about the fed with those minutes react to it all? >>> an

i'm contessa brewer in for kelly evans, here's what's ahead crude confusion, oil prices drop as moreate hikes loom. there are also concerns about unrest in iraq we'll make sense of the move as oil approaches 90 bucks a barrel. >>> plus, apple, microsoft, and alphabet all down more than 5% over the past week is tech too ris i do buy on this pull back? our market pro tells us how he's positioned. >>> first to tyler and a check on the markets. >> thank you very much and welcome to you and everyone. stocks pulling back now for a third straight day now off the lows of the session, however, the dow industrials now down about 1% or 341 points. the s&p 500 meantime is back below the 4,000 mark i look over there down 1.25% energy sector, worst performing of the day dragged lower by the fall in oil prices that contessa just mentioned. apa, halliburton, valero, some of the big laggards there. shares of alcoa down about 9% after the company said it was going to curb production at a facility in norway to offset power costs. well, the s&p 500 has shed more than 3% since friday's rout and that cuts

i'm kelly evans. here's what's ahead this hour stocks have now turned lower although we're fighting now between positive and negative territory after this morning's big gains. even after the s&p hit a key technical level. is it nvidia's fault the chipmaker's shares down 8% after they suddenly preannounce second quarter revenue this morning that was far short of estimates. we will have all the latest. and should the fed just sit back and let the job market rip or should they hike more aggressively we'll talk about which response is r

i am in for kelly evans. here's what's ahead on "the exchange." tend to out perform in a rising rate environment and this time around the community banks are the big winners. we'll talk to the ceo of texas based bank about that and why he believes inflation has peaked. plus we are more than half way through earnings season but there are still big names on deck from pool rides to pinning to planes. we'll get the story on trade, uber, pinterest, and jetblue home prices are cooling off while inventories build. will it be enough to solve the affordabilit

so let's talk a bit now about kelly evans, a nomination to the state supreme court.overnor's office. fierce advocate for justice, total oakland or through and through so thrilled that she will be serving our state's highest court. >> in can you speak to her that you touched on this earlier? but could you speak to maybe some specific experience that she might have that would make her best qualified for the job. >> you know, she and i worked on some very careful immigration issues where our criminal justice system and the ability to convert sentences have a profound impact on someone's immigration status and their ability to stay united with their families. she has a great legal mind was able to navigate these very complex issues and really deliver justice for our community. ryan today that you're also celebrating a pretty important anniversary. and oakland, the 60th anniversary. i'm your sister city bond with fukuoka japan. so how are you marking this important day? well, i'm about to greet mayor talk. she not? and his delegation from fukuoka and then later this eveni

i'm kelly evans. still pregnant and here's what's ahead this hour stocks have now turned lower although we're fighting now between positive and negative territory after this morning's big gains. even after the s&p hit a key technical level. is it nvidia's fault the chipmaker's shares down 8% after they suddenly preannounce second quarter revenue this morning that was far short of estimates. we will have all the latest. and should the fed just sit back and let the job market rip or should they hike more aggressively we'll talk about which response is right following friday's hot report with former fed governor randy crossner and the democrats are close to a historic win on climate and tax hikes with the inflation reduction act. the industry's most impacted and will it propel dems to a victory in the mid-snermz what would the political fallout from that be but first to today's markets dom chu has the numbers. >> kelly, the numbers here as you point out are near the session lows i'll just give you some c

"the exchange" with kelly evans begins right now. >> thank you very much, frank. hi, everybody.at's ahead this hour. are the meme stocks making a comeback bed, bath & beyond shares have doubled. is it actually a good sign for the markets? and this time where is all the cash coming from we will dive into all of that. plus the chips act is signed into law but the chip stocks tumbling for a second straight day and you are seeing the affect on the nasdaq nvidia down, now micron out with a revenue warnings one of the key senators involved about how soon and how much this will actually help u.s. chip companies. >>> and some big movers about to report their results

"the exchange" with kelly evans begins right now. >> thank you very much, frank. hi, everybody. here's what's ahead this hour. are the meme stocks making a comeback bed, bath & beyond shares have doubled. is it actually a good sign for the markets? and this time where is all the cash coming from we will dive into all of that. plus the chips act is signed into law but the chip stocks tumbling for a second straight day and you are seeing the affect on the nasdaq nvidia down, now micron out with a revenue warnings one of the key senators involved about how soon and how much this will actually help u.s. chip companies. >>> and some big movers about to report their results like coinbase, roblox and wynn resorts up double digits this month. will their momentum continue or hit an earnings reality check. that's all ahead for to dom chu with the latest numbers. >> very much in the red right now, as opposed to the mixed picture we saw earlier, kelly, and by the way, what you're seeing right now here is just about session los for about the entire part of the market here we'll get to the nu