i'm kelly evans. here's what's ahead.re in an early bull market, an early bull market says my next guest, calling it the most unloved bull market she's seen in her career, presenting a lot of opportunity. we'll talk about what she's buying. and she's a tesla shareholder, a stock she says you buy in times of chaos, with musk getting more political is one one of those times? we'll ask her if she's adding to that position. >>> and a credit card backed by your home equity line of credit. we'll have those details. >>> let's get to a quick check on the markets with stocks not moving so much. if anything, we're unwinding some of last week. dow, down 33 points at this hour. s&p, fractionally higher and the nasdaq adding 15. so if anything, a reversion back to the previous leadership with big tech, the ten-year hovering around 4.23. tesla and alphabet with earnings after the bell. and keep an eye on yields, as well. the two-year auk ction is undery this hour. it's been a little better tone lately for treasuries. oil is also slippi

i'm keflez kelly evans along wi joe kernen.fternoon show still on today? >> it is. >> a nap before? coffee?

i'm kelly evans. and here's what's ahead. was yesterday's selloff a healthy correction or reason for concern? one of our guest says the rally is in tact, but it will be hard to make new highs until one thing happens in particular. he'll tell us what that is. >>> and gene munster says the pullback creates a great buying opportunity. we'll talk to him about that. >>> three more names on deck to report. in a sector of have and have-nots, later on. >>> dom chu has the numbers, and we are seeing a bounceback. >> i'm going to put nit perspective. it's grown across the screen, and we are just about near or at session highs. the dow is up 491 points, really the outperformer today, up about 1.25%. 40,3 ha. the s&p is at 5478, almost 1% gain. but yesterday we lost 128 points, so we have got an fraction of that back in trading today, up about 52 of those. so the nasdaq composite, up about one pulper sent, as well, 17,500 or thereabouts is the nasdaq. threematically speaking, airlines are in focus. skies were turbulent and getting friend

i'm kelly evans. tech is leading the declines today with the nasdaq now down 3% as you can see there. and tesla and google are two of the big reasons why. tesla down 10%, that's weighing on the s&p 500 today. alphabet down 5%. our analyst says catalysts are coming. we'll see if he's right. we'll dig into the implications for a group of stocks that may otherwise may not be on your radar. bitcoin, as a reserve asset? presidential nominee trump has floated the idea. it's part of a brand new crypto report. the head of digital assets is here to give us a look. >>> new home sales coming in far below expectations as mortgage demand hits a five-month low. builders under pressure as a result. evercore's steven kim sees higher valuations ahead for four names in particular and joins us ahead. first, let's begin with the markets, and dom chu is here to help us make sense of it all. >> we are near session lows right now, so you're seeing the bear in the market sell off. let's take you through the numbers. dow, dow

i'm kelly evans. here's what's ahead. the june jobs report painting a muddy picture.n from the previous month. revisions were lower, and goldman posting another surprise gain, with yet another slowdown signal and the all-important labor market no less. could the fed be ready to signal its cut? we'll discuss. >>> the uk has a new leader. the labor party winning the country's election by a landslide, unseating the conservatives after 14 years. that could be good for business according to citi. where their strategist says you should be putting your money to work. >>> and the new going out, staying in with a book. we'll talk with the ceo of barnes and nobles. a real trend. and why they can't keep e-readers in stock. >>> let's dig into today's market action and see where the markets stand this afternoon. the stocks are mixed as investors digest the data with the s&p and nasdaq hitting intraday highs. the nasdaq up three quarters of 1%. the s&p up to 5555 nearly, and the dow down 45 points. that's as yields across the board are down after that employment report. the ten-yea

alongside kelly evans, i'm jon fortt. stocks are near session highs.in touching all-time highs. both averages on pace for their seventh straight day of gains. >> walmart i

i'm kelly evans. here's what's ahead. the longer the fed waits to cut the more they risk that something breaks. that's what mark zandi has been warning. we'll ask him if next week is a break week for the fed. >>> and clients include big mega cap tech names like nvidia, and our guest will join us with the shares down 2%. >>> china weakness a central theme and headwind for earnings season. one guest says if you want to invest overseas, there's one trade where she sees a lot of opportunity and is here to tell us where. >>> let's start with dom chu with these eyebrow raising numbers. >> it seems as though for right now, investors and traders have bought the dip, especially in the large cap technology space. let's look at the broader markets. the dow is outperforming. it's up 810 points, near the highs of the session. 4 the s&p 500 inching back towards that 5500 level, up 86 points of its own, good for a 1.5% gain. and the nasdaq, good for 1.5% gain as well, up 265 points to 17,445. that last trade there. it is a big day for b

i'm kelly evans. here's what's ahead.h, one of the biggest laggards today after the nasdaq closed at a record high yesterday. nvidia, the worst performer once again, shaving more than 30 points off the nasdaq 100 and on pace for its fourth down day in a row. and one m.i.t. professor is questioning how much ai will increase productivity. he'll jointous discuss. lennar lower on the back of two downgrades, shares down 12% over the past month. is housing's red hot run nearing an end? >>> and we're getting ready for the fourth of july. party ready that is. we'll talk to the ceo of a pool company as another heatwave settles in across the u.s., and the surprising reason why higher rates are driving up the price of your hamburgers. but first, let's start with grill master dom chu. >> well, listen, they were serving memphis-style barbecue in our courtyard just outside, and i just had some, so hopefully there are no stains on me. we're seeing some movement in the markets but to upside and down side marginally so. the dow right now,

and welcome to "power lunch" alongside kelly evans. i'm tyler mathisen.ecision on interest rates. most fed watchers not expecting a change today, but this could be the meeting before the meeting. in about 30 minutes, we'll be listening closely to fed chair powell for any clues about september. >> let's get a check on the markets ahead of that decision. we've got the dow up 283. it's really broken out back towards session highs in the last hour or so. the s&p is up 1.5%, 5522, the nasdaq is up 2.4%, a monster move to retrace some of the sell-off we've seen in recent weeks. speaking of which, check out microsoft, slightly lower, as the markets were hoping for even more from the company's results, but well off those after-hour lows. and they're continuing to spend on ai and that's helping amd and nvidia. nvidia up almost 11%. >> let's get right to our all-star panel, as we are a couple of minutes away from the fed decision. a little less than three minutes. joining us, david kelly, stephanie roth at wolf researc and jim karen with morgan stanley investment m

i'm kelly evans. our strategist just hiked his s&p target to 5700 today. he'll tell us where he's putting money to work. meanwhile, the manufacturing data showing a jobs divide. s&p global reporting the fastest employment increase in nearly two years, but the ism saw a drop in its gauge and goldman sachs notes potential for slight upside risk to the unemployment rate on friday's jobs report. is the fed's focus about to shift away from inflation and to the labor market? we'll discuss. plus the supreme court handed down a decision in former president trump's election interference case stemming from january 6th, ruling a president has immunity from official acts, but no immunity from unofficial ones. the market taking it as a positive for his election odds with the yield curve steepening and we'll dig into it. the dow has turned 320 points at the highs and we're up a tenth of a percent as the nasdaq who started the day in the red is outperforming leading the way with a two-thirds percent gain. this is despite the climb in yields and treasury yields are higher

i'm kelly evans. here's what's ahead this hour. chair powell warning the risk of staying too high for too long, but our market guest is warning of a different risk. one he does wall street has its head in the sand on. he'll tell us what it is and how he's positioning. wall street's analysts are love thing ipo. eight of them initiating kompbl a -- coverage. and if you think of media and entertainment stocks, this may not be top of mind but should be according to morgan stanley. we've got the name, what makes it superior to the competition and how much runway is ahead. >>> let's start with the markets with dom chu. dom, people are talking about narrowing leadership. >> we've got some relative momentum, because we're just about near session highs right now. all three major indexes are in the green. the dow have reversed a down day, up roughly 110 points, one quarter of 1% to the upside. the level is 39,453. i'm going to put the stars up, because we hit intraday highs for the nasdaq and the broader s&p 500. the s&p, by the way, the new

i'm kelly evans.e's what's ahead on a very busy day we see the massive and violent rotation into small caps and out of tech. the big question is whether stocks are finally broadening out or markets are breaking down one of our guests says there's a key signal she's watching that suggests more gains are ahead. she'll tell us what she's buying >>> plus, it's no doubt one of the most dramatic presidential elections we have seen, and dan clifton says it's one of the most investable he's seen in his entire career. he joins us live ahead we'll talk about the latest developments >>> netflix on deck to report. the bar once again high. the stock up more than 30% this year but our analyst sees three catalysts that can keep it going and growing. >>> let's start with the markets and dom chu has the numbers. this market doesn't seem to fit any template >> maybe the pullback continues, maybe not surprisingly so. we're not that far away from record highs, so put that in context, we did start with decent gains to sta

i'm kelly evans. here's what's ahead.ormer president trump delivering his rnc speech last night, as more democrats pull their support for president biden. it's a fast-moving story. we'll set you up for what could be a critical weekend. >>> plus riding the rotation. our market guest is using history as a guide in positioning for the gains he sees ahead for small caps. he brings us his favorite names. >>> and shares of crowdstrike still sharply lower following a massive worldwide outage caused by a crowdstrike -- i do have teleprompter. it's okay around here. we'll have the very latest, though. but first we'll begin with today's markets. >> i've got to tell you. when i got in this morning, half the screens in our news room had the proverbial blue screen of death. it's been a rough one so far today, but things are hopefully on the mend. the markets, however, are not on the mend. we are hovering near session lows right now. it's red across the screen. the dow industrial is down about 1%. the s&p 500 currently stands at 5511.

i'm kelly evans. here's what's ahead this hour. the gop ticket is in place, and it has big implications for markets, for energy, big tech, and health care. we'll break it all down. plus, with the election up certainty is make -- uncertainty is making you look overseas for dollar, we'll help you take a look. but one of our guests is bullish on the u.s. economy because of one particular trade. i'll give you a hint, this is a whole index, not just a single name or a sector. that's all coming up ahead. >>> let's get a quick check on markets. the dow is hitting a fresh record high on another 600-point rally. we're on track for a fifth straight day of gains. best day sense may 31st. the number to watch is 1.65%. the nasdaq is sitting out the gains, as a picture of rotation out of big tech into the rest of the market continues. the s&p 500 add ing 21 points. the ten-year at 4.19 as more tension is whether it will go below 4%. we begin with breaking news this hour. new jersey senator bob menendez's verdict is in. contessa? >> the verdict i

i'm kelly evans. here's what's ahead. call it the meeting before the meeting. consensus is the fed will signal tomorrow the first cut is coming in september, but our guest says markets are too focused on that and not enough on what he sees as the biggest risk right now. he's here to explain. >>> big tech's big week continues amid as selloff, with microsoft reporting after the bell. nvidia down a trillion dollars. one guest says microsoft will be the first real test of real ai metrics in particular. and the short list of potential running lists of vp kamala harris is growing. brian schwartz has new reporting and how it could change the race for the white house. >>> let's start with the markets and dom chu has their numbers. how is it looking? >> they were green earlier on today, just like your outfit and my tie, but we've now slipped toward session lows at this point. the dow is still clinging onto some marginal gains, up 22 points. but the s&p 500 is at 5402, down nearly 06 points. this is the lows of the session right now. at one point today earlier on, we wer

i'm kelly evans. powell saying more progress on inflation is needed, but if it waits to get to 2% to cut it's too late. that's probably the key headline from the interview. the dow and the s&p all hitting new all-time highs on the back of those remarks and that and the nasdaq on track for a positive session and the russell 2000 is also participating up nearly 2% and leading the way, in fact. they're at the highest level since jan of '22. let's get a quick check on yields and the shorter benchmarks like the two years and 4.45 is the level there, and the ten-year -- you can see it there. disinverted with the twos today, 4.45 for the long end. jefferies chief market strategist david zervos is standing by in the wake of powell's comments. he joins me now. anything else jump out at you? >> you know, i liked the conversation, kelly, on the neutral rate being higher. we know that's been a big topic and it's been coming through in the sep, so i think that was a nice, forceful kind of -- it's going way down wi

. >>> welcome, everybody, to "power lunch" form she's kelly evans, i'm dominic chu. ebbs and market flows, investors still digesting yesterday's breakdowns in technology stocks. we'll discuss. >>> he's the ahead of whatsapp. he'll join us live to tell us what we have learned. >>> let's get a check of the markets follows the nasdaq's rough day. >> most of those mag 7 names are higher today, with the exception of microsoft. >>> speaking of the nasdaq, the new listing lineage, you can see it's up roughly 3% or so. we're watching shares, a big ipo today. we have airlines and autos getting hit pretty hard. you can see moving lower for the auto side of things. we'll have more later on in the show. >> honeywell dipping on weak guidance, and align, the maker of invisiline, down 5%. >> fuel yesterday's massive sell-off brent and mark, thank you both for being here. brent, we'll start with us with regard to the c.i.o. type of view on the set up. should we be worried about investors that there's even more down side ahead. >> i think there's more down side, because i do see the

i'm keflez kelly evans along wi joe kernen. andrew and becky are off today. >> your groundbreaking afternoon show still on today? >> it is. >> a nap before? coffee? tequila? whatever it takes. >> sometimes i would go do spin class after this and now? >> i believe it is pronounced yout. cousin vinnie. >> should i mention it now? i don't want to do it later on. >> don't tell me. not another one? you've got five. >> no. the market. >> oh, my god. >> i was going to give you a victory lap. >> you scared me. i'm catholic. i wish i had 20. i really do. >> you say that a lot. >> they're the greatest. you showed me a picture of the new one. >> sweet. >> people at home are going, got a cavity? we need to -- >> let's check u.s. equity futures at this hour. the s&p closed above 5,600 for the first time lifted by gains in big tech. all three averages closed higher by 1%. they are not showing the dow. we're close to 40k. pull the numbers out. we'll go back in a moment. shares of tesla are part of this. up for the 11th consecutive day yesterd

. ♪ ♪ >>> welcome to "power lunch" alongside kelly evans, i'm dominic chu.the business world is digging out from a global control outage, crowdstrike shares are down 12%. it said the microsoft operating system was behind the outage. we'll get more into what was affected. >> shares down almost 12%. >>> as all the major averages are lower on the day, the dow fell down 370 points. on the week the dow and russell are posting gains. united health a huge help but the s&p and nasdaq down lower, with worst week since late april. >>> let's get to the top story, the i.t. outage crippling the business world. let's bring in steve kovach for what happened and the chaos that ensued. you're hearing the superlatives about the biggest i.t. outage in the history of mankind. it's big. >> let me go over what we know so far. we're developing left and right here. crowdstrike, which caused so many windows pcs to reboot and show that blue screen. i saw one backstage. taking down operations in a slew of companies from tv networks to airlines like delta and united, banks, 911 call ce

alongside kelly evans, i'm jon fortt. stocks are near session highs. s&p 500 and nasdaq once again touching all-time highs. both averages on pace for their seventh straight day of gains. >> walmart is slightly higher, while target is heading lower today. we'll talk to an annual about this. >>> and a long list of ai chip-related topics. let's start with the latest numbers from taiwan semis. >> up 33% year over year. , as a demand premains strong, so strong that brady wang expect it to raise prices on the advanced 3 nanometer topic, no doubt when they, and one of the biggest cusses, nvidia close to hitting another record high, out of software, into semis, and followed although price high. panelists there talking about their use of the nvidia h-1, their price target is 150. it also follows a report that venture capitalist andreessen horowitz is buying thousands of the chips, leasing them out to startups in exchange for equity. a look at nvidia as 134 and change, guys. >> seema, the semiconductor trade had been a bit choppy, but a strong start to the week.

i'm kelly evans. here's what's ahead. get ready for a value renaissance. i don't know, we'll see. market guest says it is coming really this time. he brings his favorite ways to take advantage of it. we'll discuss and debate. and the big banks front and sent we are earnings today, jpmorgan, wells, citi, topping ex-p expectations. and while there still are concerns about office space, there is one commercial real estate area, and one name in particular with a supposedly favorable setup for the second half. that analyst is here with the name. >>> before that, let's start with the markets and bob has more on this rotation or not, bob? >> yes. so far, the rotation is working, but it's pretty broad. so good news today. 3-1 advancing to the declining stocks. remember, that's what we want to see, broadening out of the market. what's interesting today is that certain technology stocks are also participating, some, not all of them. the dow is over 46,000 again -- excuse me, 40,000 once again here, a new high. the s&p 500 also a new high. we're up 3% this month on the s&p. that is quite a s

alongside kelly evans, i'm dominic chu. first a selloff, and now a rally. despite today's gains, we have seen a few cracks forming in the consumer and the market overall. we'll discuss that next. >>> and "deadpool & wolverine" hitting theaters and that theering some records, and we'll discuss what means for the media giants. >>> and the dow rallying more than 600 points right now. a stark change from earlier this week. at one point, we were pushing that 800 point mark as well. sh shares are leading the charge on the blue chip side of things. 3m kind of a blue chip company, and health shares up 2.5% on their own. >> another mover we're watching up 4.5%, a rise in bitcoin. >> and medical device maker, down a staggering, get this, 41%. missing on its revenues and cutting guidance for the year. kelly, those shares again, down 41%. >> going the other way is coursera. a revenue beat even after it missed on earnings. so many earnings movers. >> a tale of two different stocks for sure. we'll start today with the fed's key inflation gauge rising from a year ago to t

visit indeed.com/hire ♪ ♪ >>> welcome to "power lunch" on this wednesday afternoon, alongside kelly evansminic chu. we want to get straight to the market action. big earnings misses are sending stocks lower and markedly so as you can see there. we are talking specifically the technology space. the nasdaq is down nearly 3%, a loss of 500+ points at one point. by the way, this will be the worst day of the year and worst day going back to 2022 at this point. the s&p 500, you can see they're down almost 1.75%, and a hundred points and the nasdaq down almost 3%. kelly, we'll start with earnings movers of the day as well as names on deck so far. al alphabet being rattled and chipotle may be biting off more than it can chew. so let's start with the alphabet trade down about 3% so far, now about 4.5% at this point. steve kovac joins us with the details on just why you're seeing the kind of price declines you're seeing in alphabet today. >> dom, it's not just the decline in ad sales growth. it's also showing that it's been not really cheap to be an artificial intelligence hyperscaler. the theme of

i'm kelly evans. here's what's ahead. market needed a catalyst to break that growth momentum, and our market guest says it got two. he tells us what they are and how he's taking advantage of the value trend if he expects to continue. several trades are under pressure as candidates unveil their policy proposals, especially the chips. we'll get to that in a moment. there is one trade that should work regardless of who welcomes president. that analyst joins with us the theme and the stocks to own. >>> plus, three more names on deck to report. gina sanchez is fading the consumer and buying the fed. let's start with the markets. and dom chu has the numbers. turning lower. >> it's a tale of two different markets to continue that two themes that you just mentioned. the dow industrials are currently up, marketedly so, about half of 1%. 41,189. meanwhile, the market cap weighted indices, they're taking it on the chin and in a big way. the s&p 500 is now below the 5600 mark, 5595, down about 1 points, a 1.25% drop. the nasdaq is do

i'm kelly evans and joining me is joe kernen. >> is there food? >> it is "power lunch," after all. not eating. >> welcome. >> thank you for inviting me. >> standing invitation. >> these are important times we're seeing right now, too. and we're waiting for news on president trump's vice presidential pick, which could come today. and we've been talking off camera, the betting markets are crazy. clint youngkin -- >> back to jd vance, burgum is in second. it comes as the republican convention kicks off and follows an assassination attempt on saturday. given that back drop, though, stocks are higher, sharply, across the board. the dow and s&p hitting record highs. all three major averages are off their best levels of the day. >> and caterpillar is the biggest gainer on the dow. jpmorgan, goldman also higher. goldman had earnings, we'll have more on that later. apple adding a couple percent. netflix on analyst commentary and tesla after musk's endorsement verbally and monetarily of donald trump. the shares are up another 4%. let's get down to mike santoli at the new york stock exchange.

"the exchange" with kelly evans starts right now. >>> they nailed it. thank you, dom. welcome to "the exchange." i'm kelly, vans. here's what's ahead after a very busy weekend and more democrats announce their support for v.p. kamala harris and how it's changing team trump strategy and whether it should make you change your strategy. this is the most investable election in his professional career, does he still think that or is the reshuffling now changing his election baskets? he's back. and tech rebounding today after last week's massive rotation from tech into small caps. is the small cap bounceback over or will they continue to outperform from here? one of our guests still sees significant upside ahead and she'll tell us how she's positioning in that trade. speaking of markets, the dow is up 185 points at the high, down 65 at the lows and we're at about a quarter percent and 1.3% gain for the nasdaq and continuing what we saw with a lot of strength and that said the small caps are adding two-thirds of 1% and after last week's bad week. the nasdaq on pace for its bes

alongside kelly evans, i'm jon fortt. it's a swing band in parade. ton of names moving on results with even bigger ones on deck and we'll hit them all. >>> we're taking social queues. the event on even's mind. president biden choosing to not seek re-election and how did he mark this historic announcement. an oval announcement address? not yet. written statement in it was a post on x of a written statement. we'll discuss why this could forever transform the social media space later in the show. >>> first a check on the markets. despite all of the movers today, stocks are, you know, in the green. it's light green, though. little change. >> yeah. one drag could be the semis. broadly lower with nxp the worst performer down big after the earnings. >>> spotify beating estimates, surging 11%. general motors down 6.5%, saying restructure, struggling autonomous vehicle business. u.p.s. tumbling down 13 plus percent. lvmh missing down 4%. more on that name in just a bit. xion on the rise after the regional bank comeback. the whole etf is up. >> amazing. >>> he

i'm kelly evans. here's what's ahead. did cpi just cement a september rate cut? guests say the door is wide open now. we'll look at what who could close it again, plus some of the downside surprises beyond the headline numbers and how to position from here. >>> plus, universa is known as the black swan, but the firm sees the s&p hitting 6,000 by the end of the year. >>> and costco today, the stock giving up gains now, down 4%, call it profit taking, up 30% this year. look at that pe, more expensive than nvidia. should you own it at this juncture? one analyst says yes. she will join us to make her case. >>> before all of that, though, let's start with today's markets with bob at the new york stock exchange. i'm scratching my head about it, bob. >> it's really exciting. this is one of the most interesting days all year for stock investors and traders in general. here's the bottom line. a below expected cpi is causing rotation in the stock market. interest rates to drop and cementing the belief that the fed will, indeed, cut rates beginning in september. look at thi

welcome to "power lunch" alongside kelly evans, i'm tyler mathisen. glad you could join us. 24 hours away now from the fed's decision on interest rates and 24.5 hours away from jay powell's news conference. we're checking our watches here. we'll hear what our mock fed says the fed should do and what they would do if they were on the fed's open market committee. >> looking forward to that. >>> before we do that, let's take a quick glance at the markets. the nasdaq the worst performer again with down 1.3%. the dow is higher now despite being weighed down by procter & gamble falling 5 and 10%. goldman and united health are helping to counter the balance and impact positively. >>> microsoft results due out a after the bell today. we talked about consumer spending during terning season. for microsoft it's about corporate spending on ai. will it continue? will it lead to profits? steve kovach joins us with more in today's tech check. >> those are all the big questions. nothing else to say. look, the pressure, tyler, is on for the magnificent sevens, cloud giants when they report e

with kelly evans, i'm jon fortt. according to ferris bueller, the markets move fast. first, small caps, and now everything is selling. we'll look into whether retailers are selling and whether they could be left holding the bag. >>> backlash first, it was mcdonald's over prices and chipotle over portion sizes. now, amazon price day is a scam? we'll try to get to the bottom of that. >>> first, the markets are heading lower across the board today. the dow the worst performer, down the nasdaq down 0.88%. the russell is down, as well, but a split over it and the nasdaq the last year russell is up 4% nasdaq down 2%. >>> another example of how fast things can change in the markets, were years, nvidia has been a chip darling and intel has been, also intel has jumped now and nvidia sunk for more on the moves in chips, let's get to see ma modi. >> nvidia, analog devices, nxpi, higher significantly off the day. look at this chart for semiconductor. just turned negative despite a strong second quarter beat and outlook. the capex guide did not wow the street however, the ceo said

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i'm kelly evans. here's what's in this hour. etf up for a sixth straight positive day and nvidia with the two price target hikes today and taiwan semi just hit a major milestone and the street's number one chip analyst is here with the power players he sees dominating this next run. plus, it's a big week for the markets with more inflation data on deck and the market sees short-term volatility and he says longer term, this rally is nowhere near the top. he'll tell us how he's taking advantage of it, and politics here and abroad and the market implications for both. we'll get the latest after france's stunning turn of events in the election yesterday. first, let's start with the markets and dom chu is back with our numbers. >> kelly, i'm not going to bury the lead. we'll get stars right here right off the bat because we do have record levels on the intra-day basis with the nasdaq composite. there's your headline. we did hit record highs for the indices today. right now the drow industrials down 53 points. 5566 is the level on the

alongside kelly evans, i am jon fortt.ed chair jay powell laying out the case for the fed's fight against inflation. a lot of progress made but still more to do. what does that meep for stocks ahead of this month's fed meeting. >>> plus, walmart and other stores are increasingly using digital price tags. making it easier to change and some say raise prices. discuss the reaction from inflation weary consumers. >>> first a check on the markets near session highs. the dow up 44 points after being in the red much of the day so far. the s&p up 18 now to 54.93. the nasdaq up two thirds of a percent on top of yesterday's record close. the big mover today is tesla, up 8% again after yesterday's big move. 15% for the week now after reporting better than expected delivery numbers. let's start there with phil lebeau and more details. phil? >> kelly, those numbers coming in 8,000 more than the fed estimated. look at where tesla reported what it actually reported for q2, just under 444,000 vehicles delivered for the quarter. even thoug

>>> welcome to "power lunch," everybody, alongside kelly evans i'm tyler mathisen. glad you could join us. stocks are higher today after a strong gain in jobs, 206,000, but another tick higher in the unemployment rate to 4.1%. bond yields turning a little lower on the news. so is the stage finally, finally set for a rate cut? >> the pressure on president biden growing by the day. democratic donors threatening to cut off money if he doesn't step aside. what options do the democrats have? let's do that and a check on the markets in the meantime. let's take a quick look at the s&p and nasdaq setting all time intraday highs today. the dow hanging on to a 15 point game. we're looking at shares of nvidia lower after a rare downgrade. new street cutting the stock to neutral. amd and arm are both with nice 5% to 7% gains today. energy is the worst performing sector, every single stock in the group is lower, although oil is higher and nearing $85 a barrel as we watch the path of hurricane beryl. more on that coming up. jpm and wells report their results kicking off earnings

. ♪♪ ♪♪ >>> welcome to "power lunch," everybody, alongside kelly evans. i'm tyler mathisen. to the second half of the year, july 1. investors hoping it will be much like the first tech in the crosshairs in europe right now, though. meta's new model could be in breach of europe's new law. and french anti-trust regulators may be prepping anti-trust charges against nvidia. >> plus, with another contentious election season upon us, companies can expect to be caught in the crossfire of recent issues and culture war. and the best thing to do is to know their customer. let's check the markets and the numbers so far for the year. today, we see the dow up a tenth of a percent, similar for the s&p. the nasdaq leading the way with a half a percent gain for the year so far, as tyler referenced, we're talking about 14% gains for the s&p 500. 19% for the nasdaq. on that note, let's bring in mike santoli. michael, is the biggest obstacle to a strong back half just these sky-high expectations? >> yeah, kelly. i think at least when it comes to earnings forecasts, the expectations have been r

welcome to "power lunch" alongside kelly evans, i'm tyler mat mathisen. glad you could join us.ed chair jay powell says the economy remains strong, despite recent schooling and holding rates too high for too long could jeopardize economic growth. hint-hint. >> speaking of economic growth, the values of sports teams have been skyrockets for decades. recessions or not. is there any sign we might have finally reached the peak? before that, let's get a quick check on the markets. as you see there, apple and microsoft continuing to battle out for the market cap leadership, getting close to 3.5 trillion as we watch that battle it out. >>> plus, tesla higher for the tenth-straight session, up 40% during that streak. if you're holding it, i hope you're long. i hope you're not short because you're getting crushed if you are. you'll get advice from our trader in three stock lunch. >>> fed and the markets, fed chair jerome powell testifying before the senate banking committee, while he acknowledged the risk of holding rates higher for too long, we also need to see more good inflation data

i'm kelly evans and here's what's ahead.e than 170 companies set to report earnings and we have a macro data including the jobs report on friday and there's the fed decision on interest rates and we'll get you set up for what could be a market-moving week and we'll check in with the new man in charge with the largest etf and mutual fund firm and the first on broadcast interview with what they're telling investors right now and we mentioned earnings, four of the mag 7 are on deck to report this week. mama, apple is one of them and then this name, our trader says has similar fundamentals to apple and it's not a tech stock. he'll tell us the name and whether he's a buyer and that's what's ahead and dom chu has the numbers. >> we are seeing gains, specially in the s&p 500 and the nasdaq side of things and representing a little bit perhaps of the techtrade and the weight that we're seeing with the macro catalyst and the macro earnings coming up. the dow industrials, we'll call it flat. 40,583 is the last rate and it's down three