earnings alert on las vegas sands.e lower by almost 3%, despite a top and bottom line beat the company also reinstating its quarterly dividend contessa brewer has the details. contessa >> remember michelle adelson used to get on the earnings calls and say yay, dividends rob goldstein took great joy in repeating that 20 cents a share starting in august and the company indicated intentions for future buybacks all right. the key earnings metric in casinos is adjusted property ebitda and sands reechl ed 88% of 2019 levels sands' occupancy is approaching 90%. and luxury retail there is pushing revenue in that segment to 93% of prepandemic numbers. on the call, company executives pointed to a sharp acceleration in june and a more profitable mix of customers coming for concerts and restaurants and non-gaming options in singapore expectations still significantly off. yet marina-based sands occupancy is 9 7%. the average daily room rate almost $600. and record revenue in its mass segment for the quarter. overall, melissa, i wou

you bought las vegas sands this morning. in the wheelhouse. china's fears, worrying about macao and what's happening there, or not. >> yeah. and las vegas sands is really more the consumer and the macao. macao about to hit ds stride growing market share 30% in the quarter yet had 13% of rooms out of service only 50% of airport volume just match when those improve and macao gaming revenues up to 97% from 2019. i think you still are going to see material upside as you have kind of their economy on the consumer side normalize. the fact on just overall china, saying on a conference call today china, their result in china a lot stronger than the headlines and commentary is out from -- from other parts, other data, other data points. i thought that was an interesting comment from them. we haven't heard that yet. wait until we get some industrial companies to hear what they have to say about china. i'm in the camp. i like china and like reopening but the consumer side that like. >> yeah. ed, looking at areas of the market that have been doing well. >>

i do wonder whether there's so much expectation now because mgm resorts and las vegas sands keep reporting after quarter of blowout earnings, but there was some -- of course, the visitation is roughly 50% of what it was to prepandemic levels so the fact that they are still profitable and almost a billion dollars in property adjusted, which in gaming is an important earnings metric, is remarkable i don't get it, and i have asked the company what they make of it, and they shrug their shoulders, too >> stock is down 8.1% this week. contessa, thank you very much. jason, you own mgm >> yeah. it's been a huge winner this year, up almost 50% year to date for us, we're considering trimming this name coming into this year, we were looking at maybe some of the other names like wynne resorts but they are starting to build their infrastructure there bet mgm is a nice catalyst for the stock, but it's run a lot already, so for us, we're looking to take some off the table. >> the notes says joe hates casino stocks. you want to expand on that >> i called them dinosaurs in the desert many years ago. i just

china to stimulate the macao numbers weren't that high with regards to wynn you have las vegas -- i know las vegas sands doesn't have las vegas operations >> thank you for that. now the head loins lines with sa mody >>> the port of odesa, ukrainian officials report dozens of injuries saying the attacks have damaged critical infrastructure at the largest port. russia's bombardment after the country pulled out of a wartime deal >>> a man died in death valley national park in what is suspected to be be a heat-related fatality during scoring 121-degree heat. the park service is encouraging to sight see from cars and hike in the cooler mountains. at least two people were killed and five others injured during a shooting in auch land, new zealand hours before the first women's world cup soccer match was to begin the gunman later killed. authorities believe he was a construction worker at the site where the shooting occurred. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for

. >> all right let's get to one more tweet here this one asks, any thoughts on las vegas sands at current trade? what does the chart look like, carter >> you know sh it is a pair of twos i say look at the s&p 500 casino and gaming subindustry group which has caesars and wynn and mgm. it is lagging compared to the peers. the i would bet against volatility here. >> mike, what do you think of lds? >> yeah. i mean, i like lvs like the gaming stocks generally. this one and wynn as well. so i like them on the long side. >> yeah. brian, you were talking about taylor swift tickets win on hay jackpot or poker table here >> i know. that all goes together i think there is upside here for lvs as a consumer discretionary shows resilience in the back half of the year >> all right let's get to it. the final trade on this friday last call from the options pit carter what do you say? >> the two big cahoonas, i'd be feeding apple and buying it. >> brian >> yeah. a great show lots of earnings next week i'm going to play uber play the upside. >> mike? >> want to play the controversy in bud, use a call spread

. >> all right let's get to one more tweet here, this one asks, any thoughts on las vegas sands at currenterm trade? what does the chart look like, carter >> it's a pair of twos if you look at the s&p 500 casino subindustry group, which has mgm, it's lagging compared to peers i would bet against volatility here. >> mike, what do you think of lds? >> yeah, i mean, i like lbs, the gaming stocks generally. this one in win as well, so, you know, i like them on the long side. >> yeah, brian, you were talking about taylor swift tickets, a jackpot, a poker table here? >> i know, right, that all kind of goes together there's upside here for lvs as the consumer discretionary shows resilience in the back half. >> let's get to it the final trade on this friday, last call from the options pits. carter braxton worth, what do you saysome. >> well, two big ca hue in as as you said next week, i would be fading apple, and buying in. >> brian stutland. >> great show, lots of earnings next week. i'm playing uber, buy a call spread, play the upside. >> mike khouw. >> if you want to play the controversy in bud

united airlines topped expect taex expectations and the return of international travel shares of las vegas sands says renovation derisruption in singapore bringing the shares lower in pre-market. and the discover financialial sk on the buyback pause after the profit miss. china's envoy to the u.s. says he doesn't want a trade or tech war with the u.s., but will retaliate if the biden administration imposes more curbing on sanctions and the house panel sends letters to venture capital firms to china and elon musk says he will spend more on building a super computer known as project dojo it will improve the autonomous driving abilities. >>> we are gearing up for the trading day ahead with results from johnson & johnson and travelers and american airlines and dr horton and train company csx. the jobless claims are out at 8:30 and the philly fed speech >>> the markets are coming off a positive session with the dow in the longest winning streak in years. futures signaling it could be a dru struggle the to get out of the gate today we have courtney garcia who is our cnbc contributor >> thanks for havi

. >> las vegas sands today, too, you own wynn >> it's been in this range 105 to 115, macao, the chinang as well. in the meantime las vegas itself is doing great las vegas wynn, we're going to get insight tonight. i think it's going to be pretty positive from what we've seen of the gross gaming revenue from t united tonight if you are looking for confirmation signals for the rally, people will say new 52-week high in transports so united plays a role there what do you think about this group here >> we think delta by far from an operational fundamental basis is the best stock but there is a scarcity proposal on the airlines, and i think the consumer is dealing with covid and guess where people are living on airplanes >> jimmy, you have delta and alaska, as well. you don't have united. >> i don't i think delta and alaska are the creme de la creme in the industry business is coming back in this unique way you see it if you are on planes, they have created a clash between economy and leisure. airlines are making money where they can, and the demand is there. i like the sector. >> jenny, yo

we'll get a peek when we have las vegas sands with the first earnings out that's an indication of asiasince they don't have anything left in las vegas. >> leaving las vegas and we know you'll be covering that so closely for us contessa brewer, thank you >> sure. >>> defying odds of a slow down, find out how gm stacks up this hour a quick programming note as we head to break. don't miss an interview on my show where i sit down with the ceo of drone maker aeroviromment. we'll talk about defense spending, ukraine, tensions with china and more "squawk on the street" back after this you've been a real rock star. rock star? what do you know about rock stars? billy idol? i mean where's the skin-tight leather? my shoes are leather. where's the unnecessary zippers? that thing! billy, rock star is just how doug feels when he uses workday. thanks, rory. i'll show you rock star! be a finance and hr rock star. workday. for a changing world. billy idol just stole your golf cart! the street." i'm silvana henao. a judge ordered the suspect accused of carrying out a deadly mass shooting in philadelphia

times higher than last year but still off almost 40% that leaves a lot of room for mgm, melchiot, las vegas sandswynn resorts i'll send it back to you. >>> for more on the gamie ing sector's second half, let's bring the david katz thanks for being here. >> thank you. >> i want to get a sense, what's your second half outlook so technically gambling's consumer discretionary over the past month do, you see the consumer willing to spend on everything including game? >> i think when you couch it in the context of consumer, and, yes, it appears to be consumer discretionary on the surface, when you look at las vegas, it's really a convention of the destination market and because of the logistics, that has taken longer to recover and is still accelerating so we do have a view on las vegas and the stocks there at mgm and secaesars. that's followed by the super bowl every next year, and with all the sports events, concerts, there's just a lot going on in las vegas and a lot to like. >> you mentioned the super bowl. before that even starts we have the nfl season which is generally the busiest time when it c

wednesday is a big major headline, goldman sachs, tesla, netflix and las vegas sands report thursday abbott labs, j&j and american airlines. let's look at tesla it is higher by nearly 3% right now. that is close to the session high although earlier at the open of the markets, the company is announcing the first cyber truck has rolled off the assembly line at the austin, texas plant. conversely ford shares are diving at the moment down 5.5% on its move to cut the f150 lightning pickup 6000 to $8000 after tesla ceo elon musk hinted the cyber truck might undercut the f150 ev price of $60000. apple does not report until august but morgan stanley did not need to wait to raise his price target. the firm hiking apple from $190 to $220. right now 193 and change and maintaining to overweight. apple reclaiming the 3 trillion-dollar market cap. so much tech news, ev, finance and consumer news developing in a fox business exclusive we bring in john's goalie who had his hands in all of it through his career, he is a former ceo of apple and pepsi-cola he is also the chairman of nirvana health this

, scott, like he's parlays are very profitable for the sports books, you've got 34 mgm, wynn, las vegas sandsin the gaming space >> mike? >> all of that coming along with the fact that there is a little bit of a squeeze happening in some of the areas of the market with the growthier stocks. you're seeing the r complex, and the big shareholder of draftkings and you see c3ai. my point is there's this general current that we're willing to believe again and we have been betting against the crowded choice and you think that's another dynamic going on as i mentioned before someone coming out of the very large caps for mechanical reasons and it's finding his way elsewhere. >> meta is bucking the trend today. >> yeah. >> it is higher by 1% and maybe a threads lift and also learning that cathie wood is a new buyer of meta. >> i do think that it probably isser mo of a thread halo effect and not so much that it will be material financially any time soon, but it was a small flex of the breadth of the other platforms of instagram and you have some people out there saying that 8 billion in revenue, that wo

investors are set for a massive hour of earnings we will break down results from netflix, tesla, ibm, las vegas sands hit the wires. >> plus unity software allowing developers t

shows that things are weakening just to show you how relevant right now it is of where you sit, las vegas sandsd last night, commentary from the ceo couldn't have been more bullish as far as what they're seeing in demand here's robert goldstein the powerful recovery taking place in macao in singapore is evident in our days and we believe there's still room to run in both of those markets an that was a china related business and asia related business, which people have been negative on. >> they've been concerned about the willingness of the chinese consumer to spend. >> d.r. horton had pretty strong things to say about the health of the housing market. d.r. horton's chairman, despite continued higher mortgage rates and inflationary pressures, our net sales orders increased 37% as the supply of new and existing homes at affordable price points remains limited and demographics supporting housing demand remain favorable. whatthat shows there's supply issues in the housing market that has helped them. >> that's been the story all along. that stock has turned around and it was up in the very early go

about investment banking, particularly at jpm got a bunch of calls today on microsoft, amad, las vegas sandsat&t. take a look at the premarket "squawk on the street" is back in mut aine. ♪ opportunity is using data to create a competitive advantage. ♪ it's raising capital to help companies change the world. ♪ opportunity is making the dream of home ownership a reality. ♪ ...and driving the world forward to a greener energy future. [applause] sometimes the only thing standing between you and opportunity is someone who can make the connection. at ice, we connect people to opportunity. >>> welcome back keeping an eye on shares of disney a lot of business commentary based on many things bob iger was saying yesterday during our interview. any number of things for analysts to grab ahold of, whether it is potential sale of some of the linear networks. >> for how much? did you see the number they're saying ten bucks a share. wells fargo says ten bucks if they go with what your plan is >> it's not my plan. >> his plan. >> another part, of course, and we did discuss this yesterday, jim, was the future

still off 40% from 2019 which leaves a lot of room for improvement for mgm, las vegas sands and wynnd? >> there is so much more to run. they have seen you have a lot of people coming back, but it's slightly different, there was a move to the mass market, but for instance wynn caters to vip and it is doing well. the fact that you had five times higher gaming revenues compared to last year, it was dead last year the borders were closed so this is the beginning and anticipated to move even higher, but that depends on china with covid and other economic factors. >> interesting stuff happening in gaming. >>> a federal judge restricting the biden administration from having contact with social media companies. we will talk to walter isaacson about that and so many other things in just a moment. at morgan stanley, old school hard work meets bold, new thinking, ♪ to help you see untapped possibilities and relentlessly work with you to make them real. ♪ it's hard to run a business on your own. with shopify, you have everything you need to setup your online store, to connect with customers, and

for the last six months as they reopen, i think the consumer is the way you want to play china las vegas sandss and margins they only had -- 31% of the hotels were closed they only had 39% of airport volumes that were happening. i think you're going to see an improvement. the free cash flow willbe to the upside and they'll be able to pay down debt and continue to do various different build-outs within the casino franchise. >> you like casinos that have more exposure here in the united states or is this really purely a play on china? >> it's play on china. it's play on the reopening that's the one theme that i like i think it is not consensus. it's a little frustrating because it's taken a long time to see a recovery. the consumer over there is the way you want to play it. i have owned other u.s. operators, casino operators. i think there's more operating leverage in china. >> okay. stephanie, thank you >> thank you >>> let's get a final check on the markets before we head out of here. we'll be back tomorrow again >> yes >> can you believe it? >> two in a row. amazing. less than 100 down on the

turtles safely reach the ocean india on dw the sand finish, and it says stop for more and move on to the basic goals, pitching the countries beaches to las vegas and even from their own families. i can be this weekend on a more dial i will actually on the spicing social norms so you can use self determination goals. escape from treasury and abuse starts august 5th on dw, the news . this is dw news coming to live from berlin. hill forwarding says he, waves shot or temperature records around the world, will here how he don't suppose a threat to human health. and health scientists are trying to figure out how we can cope with an ever warming, klein balls are coming up another set back for those, hoping for new leadership in thailand. the constitutional court suspends from parliament the main candidate.

is over 7'0" tall lake you said sand she says she has not received a public apology from him from the security so a police report was filed. we have contacted the las vegastan police department who say, obviously, no arrests have been made, no charges have been filed. but britney spears, we showed you that full screen a moment ago, saying that the -- this y is super embraing to -- you know, she doesn't want to be talking about this and she makes a lot of headlines for especially her conservatorship the last of years. she says it's important to share the story to urge people in the public eye to set an example and treat all people with respect and then her husband sharing pictures of her when fans broach her. she says when she was in vegas she was approached by over 20 fans and, you know, her security isn't slapping anybody. so, again the story is still developing and perhaps victor and the spurs and others will say more. >> we will look out for that. thanks. >>> just into cnn labor department out with the june jobs report. the u.s. economy added 209,000 jobs last month. straight to rahel solomon with the numbers. another strong report. >> but this is the

las vegas and palm springs. but a lot of that cloud cover, most of it's to the south of us, but 50 to 60 on the temps had a couple of 40s sandlso santa rosa after that most locations in the upper 50s although boulder creek thank you boulder creek checked in at 48 degrees low 50 around socal scotts valley felton even hollister down to 53 then a lot of 5556 in there from santa clara to morgan hill and san martin. we are looking for that cloud cover to probably kick out here when the low comes in. that's not a favorable setup for the high and mid-level clouds. you need that to build in. then we might see a little more. but as it is, i think by tomorrow it'll be more low clouds and higher clouds will be pushed out of the area. when you get a southwest wind aloft, that does push that cloud cover out of its southeast, then that brings in some of that higher cloud deck. but for the monday forecast, we start a cooling trend today. we will start to see the system settle in. doesn't take a lot to get a cooler pattern at the end of july going into early august. and that's what we're going to have. so 6070s, 80s and 90s morning low clou