introducing the lucid air.xperience the best. ♪ what if buildings could tell you how they could be more efficient? i'm listening. well, with ibm, you can use software to help you connect and analyze data— from hvacs to elevators to lights. what if we use ai-driven insights to pinpoint inefficiency? yep. and act on it. saving energy, money... ... and emissions. yup. that's a big one. now you've built something better for everyone. that's the sustainability solution ibm and a global real estate company created. what will you create? ibm. let's create. >>> welcome back to "power lunch. let's get a check on the bond market bond yields falling today sitting at about 3.74. not just lower today, but down on the week despite hawkish comments from fed chair jay powell to congress others said there was less urgency to move on rates you saw some hawkish moves and commentary from other banks around the world. >>> oil, also lower once again closing out a down week. pippa stevens joins us with move. >> reporter: the weakness

introducing the lucid air. experience the best. ♪ >>> welcome back to half-time. to kristina who has an alert for us >> this has to do with binance there's 13 charges against them, and i will get to that in a second binance said the sec's actions undermine america's rule for a global hub, and they did say that because binance is not a u.s. exchange, the sec's actions are limited in reach they are arguing they tried to communicate with the sec, and the sec didn't want to sit down and negotiate and did not provide clarity on rules about which crypto assets should be treated like securities and which should not, and that's a lot of the problem of the crypto based products they say their products are safe and secure and will continue to work with the sec, but they claim the sec's real intent here is to make headlines it's a pretty scathing blog post just to recap, the seg filed a lawsuit against binance, and they are claiming they did not register as a u.s. clearinghouse, and it's not providing -- or is misleading the investors. you are seeing coin base down 9% bitcoi

this is the all new, all electric lucid air. a car that goes as far as it does fast.as it is... spacious. as smart... as it is beautiful. introducing the lucid air. experience the best. ♪ >>> welcome back to "the exchange." let's take a look at some potential bargain opportunities in the market, specifically those with a super low pe ratio. last year, we saw home builders in that position with low multiples before rebounds. fast forward today, and dr horton and others are up solidly, 50%, 60% over the past 1 months now retail is in a similar position take a look at these super low pes and retail names like macy's, best buy, and others despite the opportunity for a bargain, the next guest is warning investors to stay away from the trade and he likes the home builders chris, great to see you again. welcome. >> hey, thanks, kelly. i'm here live from new york with the smoke. >> it's wild it's like an orange, red glow. great comparison i liked the home builders a year ago, and also as you know, these retailers have wrong bottom pes. but there is a bunch of reasons why you

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introducing the lucid air.xperience the best. ♪ ♪♪ at morgan stanley, old school hard work meets bold new thinking. ♪♪ at 87 years old, we still see the world with the wonder of new eyes, helping you discover untapped possibilities and relentlessly working with you to make them real. old school grit. new world ideas. morgan stanley. >>> what do we do with the package food stocks now that wall street seems a lot less enamored of the group because of a possible recession time to give up on the whole group? i don't know it comes to individual performance. that's what i think. that brings me to campbell's soup you also know pepperidge farm, lance, pacific, one of my favorites, prego, many other brands the stock had an excellent run last year, it's long been a favorite but stuck in the low 50s practically all year this morning we find out why it's been stuck. campbell's soup reported in-line sales, so far so good, but the stock got collabered because management didn't officially raise the forecast, only saying they

introducing the lucid air.nce the best. ♪ >>> we've got some news here on changes to the s&p 500 palo alto networks is going to replace the dish network palo alto going in, dish coming out. the shares are on the move in the after hours. palo alto up 4%, dish down just about 4% let's move on. up here today very weak week for dollar general the stock dropping 20% in the last four days most of it coming yesterday. it was dg's second worst week on record guy, i thought this was supposed to perform in bad times fwhere the consumer, particularly low income, is under pressure. >> i'm sure they thought that as well that's what i thought. this stock in october was making all-time highs lots has changed look at their inventory build, 21% off of 8% growth listen to their commentary they've made some disastrous comments about the consumer going forward and what they thought the outlook was. you can't -- listen, ai is not going to solve all the world's woes when you listen to dollar gen, overlay that with walmart, target re

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introducing the lucid air. experience the best. ♪ so who's it gonna be? tom? danny? guess it's on maggie. 's the first time you connected your godaddy website and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com ahhh! icy hot pro starts working instantly. with two max-strength pain relievers, so you can rise from pain like a pro. icy hot pro. >>> oshkosh that makes equipment for vehicles and all kinds of other niche vehicles that i like, the gbc arrow take users with support gear and service for commercial airlines and military. i like this deal. the stock had a nice run up late last year. we topped out 106 in early february and mid may. now back to 83. for this aerospace acquisition will it do the trick? they have seen their stock dropped more than 5%. you do not go through that unless it is a beautiful transaction. on the future of the business, welcome back to mad money. >> thank you for

introducing the lucid air.st. ♪ the first time you made a sale online with godaddy was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free at godaddy.com >>> let's get to our "call of the day. number one nike. reiterated by goldman sachs, price target cut to 144 from 148. still 30 some odd percent higher than where it is now >> brutal since we put it into the etf. right now adidas, that's the right footwear, apparel, the right trade. foot locker took down nike with its earnings report and the inability to recover nike next thursday they have to tell a very positive story about reducing inventory that's through discounting not good for nike. it's been a muted one surrounding profitability for nike >> uber, reiterated outperform >> if you're studying the technicals this is one of the best looking charts, breaking out, clearly and comes on the back

introducing the lucid air.xperience the best. ♪ bridgett is here. experience the best. she has no clue that i'm here. she has no clue who's in the helmet. are you ready? -i'm ready! alright. xfinity rewards creates experiences big and small, and once-in-a-lifetime. >>> welcome back to "squawk box. in a couple of hours, you're going to get another read on inflation, this time at a producer level this afternoon, the fed on interest rates and the markets anticipating what ee being called a hawkish skip. i don't know if we need to explain it you may understand yeah, we're ready to do it again if we need to. we have our guests joining us now. jake jolly is a strategist and analyst. jake, i want to start with you i was reading your notes, cautiously optimistic. that's an interesting way of saying, wow, i'm uncomfortable with this rally. it's happening and you point out, if you are too cautious, you miss it. and then i don't know how you ever buy in. we asked one of our guests yesterday, when would you ever buy in he'

introducing the lucid air. experience the best. ♪ this is dr. arnold t.etsworth, he's the owner of petsworth vetworld. business was steady, but then an influx of new four-legged friends changed everything. dr. petsworth welcomed these new patients. the only problem? more appointments meant he needed more space. that's when dr. petsworth turned to his american express business card, which offers flexible spending limits that adapt with his business. he used his card to furnish a new exam room, and everyone was happy. built for dr. petsworth business. built for your business. amex business. >>> welcome back to "the exchange." tesla has been on a hot streak lately one analyst says it's time to hit the brakes dan levy from barclays downgraded people are -- he still raced the price target by 30 bucks dan levy, senior autos annual it's at barclays welcome. >> thanks for having me, kelly >> these are always tricky how do you thread the needle >> yeah, listen. we've been bullish on tellsla. we see them as a long-term winner we've acknowledged there's more to tesl

this is the all new, all electric lucid air. a car that goes as far as it does fast. as sleek as it is... spacious. as smart... as it is beautiful. introducing the lucid air. experience the best. ♪ ♪♪ dads are special. fun. inspiring. always there for you. so make father's day extra special with gifts he'll love from weathertech. floorliners... cargo liner... seat protector... sunshade... ready-to-wash system and cupfone. or our newest product, the golf cart mat. order these american made gifts or a gift card at weathertech.com have a very happy father's day. >>> we're back we have some "calls of the day." retail edition, if you will. estee lauder, steph, upgraded to a buy, what's your take here >> it's been a terrible stock. >> 25% down year to date >> terrible quarter last quarter. they've missed the last three quarters and guided down lot has to do with supply chain issues, china beginning to reopen and travel retail down 43%. >> how much bad news do you feel absorbing? >> i think they will get it right. you have to get this china thing fixed. it's about 30% of tot

introducing the lucid air. experience the best. ♪ ♪ ♪ experience the best. everywhere are asking. is it possible? with comcast business...it is. is it possible to use predictive monitoring to address operations issues? we can help with that. can we provide health care virtually anywhere? we can help with that, too. is it possible to survey foot traffic across all of our locations? yeah! absolutely. with global secure networking from comcast business. it's not just possible. it's happening. this is cynthia suarez, cfo of go-go foodco., an online food delivery service. business was steady, until... gogo-foodco. go check it out. whaatt?! overnight, users tripled. which meant hiring 20 new employees — and buying 20 new laptops. so she used her american express business card, which gives her more membership rewards points on her business purchases. somebody ordered some laptops? cynthia suarez. cfo. mvp. built for cynthia's business. built for your business. amex business. >>> dow is up 400 right now. we'll see how it closes out just a couple of hours from now on

this is the all new, all electric lucid air. a car that goes as far as it does fast.is... spacious. as smart... as it is beautiful. introducing the lucid air. experience the best. ♪ with gold bond... you can age on your own terms. retinol overnight means... the smoothing benefits of retinol. are now for your whole body. plus, fast-working crepe corrector diminishes wrinkled skin in just two days. gold bond. champion your skin. >>> welcome back the battle over return to office flaring up on some new fronts this week. martha stewart says america will go down the drain if remote work continues. chipotle calls its corporate employees back four days a week. farmers insurance changing its remote work policies and this today from cnbc, google to crack down on office attendance asking remote workers to reconsider. jennifer elias wrote that piece. she joins us now cracking down on office attendance is this monitoring damages what were those people called, the hall monitor >> exactly basically they're going to be monitoring badge data and see, you know, if employees in aggregat

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introducing the lucid air. experience the best. ♪ what if we live to 100. don't want to outlive our money. i keep eating all these chia seeds. i could live to be 100. we work with empower, even if we do live to 100 we don't have to worry. eh, not worried. take control of your financial future to empower what's next. >>> welcome back to "power lunch. shares of amazon are up about 3.35%. they announced they're investing $100 million for a.i some are describing a big catch-up play here >> amazon going on the offensive. they're lagging behind if generative a.i. race they've incorporated across many of their businesses. what this focuses on is bringing generative a.i. tools, models, et cetera, to their cloud customers. i sat down with the aws ceo yesterday, is this meant to catch you up where is amazon in its generative a.i. strategy have a listen. >> amazon has been working on artificial intelligence as we mentioned earlier for longer than any of these companies and we have long accumulated experience, we have many, many experts, thousands of practitioners insi

introducing the lucid air.nce the best. ♪ >>> venture capital harder to "the wall street journal" reports many startups are running out of money john fortt brings us a ceo of a data focussed startup that continue to drive growth >> george frazier is ceo of a company that moves data across cloud platforms. the company announced that debt raised from vista capital partners, which is interesting because they lasted through an equity round in 2021 george told me he didn't need the cash at the moment this was like opening up a home equity line of credit to have access to cash if that sounds smart, george has a phd is neuro biology. >> not because the brain is like a computer, it isn't the brain is exceedingly difficult to study it's a hideously, needlessly complex instrument and in order to tackle a lot of that, you need to use code and you need to analyze data in very complex ways in order to make progress and so the tools of computer science are very important for making progress in neuroscience. >> now he's worki

this is the all new, all electric lucid air. a car that goes as far as it does fast. as sleek as it is... spacious. as smart... as it is beautiful. introducing the lucid air. experience the best. ♪ >>> and welcome back to "the halftime report. let's get to our "chart of the day, adobe revenue beat estimates, the company raised full-year guidance on optimism that ai features will increase demand for its software kari, you own adobe. >> you bet adobe has not been a good stock. the last month has been fantastic. the prior two years almost has been painful the stock peaked, just crossed 500 for the first time in a long while. finally beginning to come out of its recession. higher than last year, better than expectation, billings up 12% and, you know, they do a lot of things that relate to content and creation when you think of photo shop you don't think of ai but they incorporate every bit of software technology they can apply to their field they are dominant and a leader this is an area we think has potential now that software is coming back and there's more building goi

this is the all new, all electric lucid air. a car that goes as far as it does fast. it is... spacious. as smart... as it is beautiful. introducing the lucid air. experience the best. ♪ >>> the restaurant business is hit or miss. while most of them put in good works now, wall street is increasingly worried how it will hold up as the economy gets slower and slower. some have been on a role like jack in the box and they own del taco a couple of weeks ago they reported great results that's one reason the stock is up big for the year. let's pull back hard from the recent highs in the bank what do you think? let's check in with darren harris, the ceo of jack in the box. welcome to "mad money." >> it's great to be here, jim. >> you have maybe the best same store sales numbers year over year how does that happen >> we've put in a great team that have been focused on our strategy, build brand loyalty, driving ops excellence, focused on growing restaurant profits and eventually getting a chance to expand jack across the country. same store sales is about focusing on our consum

introducing the lucid air.nce the best. ♪ this is dr. arnold t. petsworth, he's the owner of petsworth vetworld. business was steady, but then an influx of new four-legged friends changed everything. dr. petsworth welcomed these new patients. the only problem? more appointments meant he needed more space. that's when dr. petsworth turned to his american express business card, which offers flexible spending limits that adapt with his business. he used his card to furnish a new exam room, and everyone was happy. built for dr. petsworth business. built for your business. amex business. >> announcer: the opening bell is brought to you by nuveen, a leader in income, alternatives, and responsible investing. >>> all right. let's get a "mad dash" and followed by an opening bell. what are you focused on? >> okay. both bank of america and jpmorgan upgraded carnival cruise at one point, carnival views, if you remember, in the depths of the pandemic, they had to raise money. they were the first one to actually come through

introducing the lucid air.d make analyzing a big bank's data... no big deal? go on... well, what if you partner with ibm and red hat, use a hybrid cloud solution to connect data across clouds, then analyze all that data with watson. okay, but this needs to meet our... security standards? yup. compliance standards? mm-hmm. so they get the insights they need... yup. in real time... check. ...to make quick decisions? check. aaaand check. that's the solution ibm and a global bank created. what will you create? ibm. let's create. >>> good thursday afternoon to you, everybody welcome to "power lunch. we got some huge economic headlines out today. adp data above expectations. manufacturing activity contracting a bit and a big jobs report on deck for tomorrow. all while fed officials indicate a rate skip could be in the cards a couple of weeks from now. we want to perform a little econ/recon, to get a better sense of what the econom

introducing the lucid air. experience the best. ♪ >>> welcome back, everybody.ear that the technology will eliminate a lot of jobs and by the way, it's said it was responsible for 3,900 job losses last month, but it could create jobs too jpmorgan advertised ai-related roles. >> my guess is in the end, the increase will be more than the decrease, but it will require high skills. >> it's about what happens to the people caught by the churn in some ways g >> yeah. who gets disintermediated. james simon is donating a record $500 billion to stoney island. it's overseen by simons and his wife marilyn who were stoney brook alumni they report the largest unrestricted donation to a college in u.s. history. i believe mr. simons was a professor there in the math department before he set off on his quest at renaissance >> is it too much money for one school >> i don't know that a school would ever say that's too much money. >> i doubt they would say that. >> but i think as part of a matching program, this donation sort of nets up to more than a billion dollars. >> really? >

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introducing the lucid air.erience the best. ♪ >>> welcome back troubles continue in the commercial real estate sector, even though more people are being pulled back to the office. data shows activity is only about half of prepandemic levels i asked one of the largest nonbank lenders about that yesterday. >> the issue with office is that there aren't discernible trends right now. we're waiting to see how this plays out from psychological and consumption perspective. >> my next guest joins me now. ron, great to see you. what was the mood? >> it was a really interesting conference, and office was obviously the focus. to set the table, when we talked to investors and office users, over the next three years, they expect to reduce their office space by about 10% so if you think about being 88% occupied before covid, at 82% today, and potentially going to 78%. so the mood was, i don't think investors were ready to step in yet in a big way there will be some opportunities down the line in special situations, but i thin

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introducing the lucid air. experience the best. ♪ this is dr. arnold t., he's the owner of petsworth vetworld. business was steady, but then an influx of new four-legged friends changed everything. dr. petsworth welcomed these new patients. the only problem? more appointments meant he needed more space. that's when dr. petsworth turned to his american express business card, which offers flexible spending limits that adapt with his business. he used his card to furnish a new exam room, and everyone was happy. built for dr. petsworth business. built for your business. amex business. is it possible to protect my business from cyber threats? built for your business. it is, with comcast business. helping every connected device stay protected. yours. your employees'. even... susan? -hers, too. safe. secure. and powered by the next generation 10g network. with comcast business, advanced security isn't just possible. it's happening. get started with fast speeds and advanced security for $49.99 a month for 12 months. plus ask how to get up to a $750 prepaid card w

this is the all new, all electric lucid air. a car that goes as far as it does fast.as it is... spacious. as smart... as it is beautiful. introducing the lucid air. experience the best. ♪ >>> let's do some "grade my trade. from steve, been buying energy transfer for the past several years. dividend is 9% what should i do >> steve, first of all, i give you an "a. if you don't know, energy transfers in the midstream space are up 8% this year. midstreams have done well, so continue to hold, collect that 9% and great job >> okay. jimmy from a twitter user. grade my trade on gm bought it at $33.33. >> give it an "a." what is the stock selling for, five times earnings, 60% of book value. i love scott scott is going to come at me it stunk for years >> you're giving it an a >> i'm giving it an a. it's where it's going. i'm teasing you a little bit, scott. but there is a good point here look, it's been stuck here, and there's two things i want to say. number one, you can't base today's decision to buy, sell, or hold based on what it's done in the past. you the that based on th

this is the all new, all electric lucid air. a car that goes as far as it does fast.k as it is... spacious. as smart... as it is beautiful. introducing the lucid air. experience the best. ♪ >>> will the fed raise rates again this year? the majority of you said yes two-thirds of you, in fact, 61%. up next, the crucial cpi numbers sending stocks higher. what that might mean for the fed decision tomorrow when we take you inside the market zone, and by the way, do not miss double lines. jeffrey gundlach, his reaction to that decision that's tomorrow on "closing bell." we're right back es need to navie the changing landscape to stay ahead. when you partner with barclays, every change leads to a bold possibility. you have the vision. we have the insights, financial solutions and global perspectives to help you make it real. barclays corporate and investment bank powering possible. what do you get from the morgan stanley client experience? listening more than talking, and a personalized plan ♪ to guide you through a changing world. ♪ new projects means new project managers.

introducing the lucid air. experience the best. ♪ >>> welcome back we have a deluxe edition today our team of reporters will give us the news and moves. there they are the president of nation's indexes will give us his trade let's start with home depot. what's going on there? >> home depot shares have been wavering between gains and losses as you can see pretty much all session long. but none of the moves have really been all that dramatic meaning perhaps that home depot and ceo ted decker gave investors what they were expecting at today's investor day. decker and the rest of the home depot management team affirmed their full year forecast for america's biggest home improvement retailer adding it expects overall home improvement markets to grow by low single digits with gross profit margins pretty much in line with what they were last year. one of the things home depot and other retailers will struggle with is the concept of shrinkage, industry jargon for the negative effects of theft on a company's financial r

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introducing the lucid air. experience the best. ♪ >>> welcome back to "fast money.bing today. the dow jumping 168 points, third positive session in a row. the s&p up more than a half of a percent and the nasdaq up more than 1%. earnings alerts on docusign and vail resorts docusign vail resorts lower after missing on eps and revenues. >>> businesses in san francisco are abandoning the city. the latest, park hotel and resorts, which stopped making payments on a $725 million loan linked to two prominent hotels in the area. but our next guest is hanging on he wrote an op-ed this week titled, "why i couldn't quilt san francisco, and you shouldn't either." let's bring in alex bastian. alex, great to have you with us. >> thank you so much for having me today >> i understand your position, especially considering where you work, alex, but do you feel like -- we're seeing businesses cite crime, unsafe working conditions for their staff, and, you know, there's also the problem with office properties being vacant, which amends to this sort of problem >> thank you so much for br

introducing the lucid air.e the best. ♪ ♪ >>> welcome back report from maven clinic shows nearly two-thirds of companies say they're planning to increase their fertility and family benefit investments over the next few years those benefits often leave one segment of the population out, and that is gay male couples -- joins me now with the details. >> this is a complicated and rather opaque issue. but 40% of u.s. employers offer some type of fertility benefits in 2022. that's up from 30% in 2020 but in policies exclude same-sex couples. >> we were shocked when we started to look into it and realized nothing is covered by insurance unless you can prove that you're infertile. >> the first step for us was to get our sperm tested and for us, that was the only part of the process that was covered through our insurance. >> well, 63% of the lgbtq+ individuals who plan to become parents, only 10% of employers over a surrogacy benefit >> if diversity, equity, inclusion is really important to you, you have to look at all

introducing the lucid air.. ♪ >>> from chewy to game stop to bed, bath and beyond, my new cnbc documentary takes an in depth look inside the entrepreneur turned activist investor ryan cohen. "making of the meme king" premiers tomorrow. >>> gm shares ticking lower after their ceo warned that low end electric vehicles will not be profitable until the end of the decade the company announcing plans to invest a beforeillion dollars o trump in michigan. they're talking about $30,000, to $40,000, the battery technology has to come down in price for the vehicles to become mass market. karen, does it seem like a crazy prediction you have think, thinking about it as a mass market, maybe we need to push off that time frame. >> well, it's unfortunate, because they seem to be pushing off that time frame again and again -- >> yeah. >> whether it's production, whether it's an all-electric vehicle and now profitability. also, interestingly, billion dollars to -- for their ice trucks, internal combustion engine which is a huge

introducing the lucid air.st. ♪ >>> if you want to know why the fed can't stop worrying about inflation, look no further than the terrific home builder lennar it's one of the biggest and the best in america. and it reported a fantastic quarter last night we know the cost of shelter stubbornly keeps rising rapidly. as we saw in yesterday's cpi, which is one of the reasons the home builders have been such terrific performers. when you look at the sb home builders etf and that's called the xhb, it bottomed roughly a year ago lennar up more than 90% over the same period. as i told you before, this is an absolutely unprecedented move. when the fed's raising interest rates as it is the home builders are supposed to get steam rolled mortgage prices go up, people stop buying houses but not this time. this time'll the home builders have rallied almost 50% during a period when the fed has raised interest rates by 425 basis points for heaven's sake the mini banking crisis didn't put a dent in this industry either it is ce

introducing the lucid air. experience the best. ♪ ♪ old school wisdom, with a passion for what's possible. that's what you get from the morgan stanley client experience. you get listening more than talking, and a personalized plan built on insights and innovative technology. you get grit, vision, and the creativity to guide you through a changing world. ♪ >>> welcome back to "fast money. earnings alert on kb home. shares of the home builder vol volatile the stock is up 65 this year, trading at its highest level since 2007 diana has more on the company's report diana? >> yeah, melissa, the mantra for the builders appears to be demand the analyst call is still going on right now, but at the top, the ceo said buyers are demonstrating a higher sense of urgency than we saw earlier this year no surprise, kb beat nicely on the top and bottom lines metzger said the improvement in demand we started to see in february was sustained throughout our second quarter as we achieved monthly sequential increases in our net order

introducing the lucid air.nce the best. ♪ >>> we've seen the market rally take a breather this week, with only a handful of stocks keeping the indices afloat so is this here to stay or could we start to see some more names participate, potentially move higher, broadening it out? that's a good reason to play "am i diversified? this is where you call me you tell me your top five holdings i tell you if your portfolio's diversified enough make you need to mix it up a little why don't we start with bobby? bobby in new york, you're our first caller what have you got? >> caller: hey, jim. long-time listener, club member. thanks so much for your help >> let's go to work. >> caller: my top five holdings are apple, jpmorgan, j&j, procter & gamble and coca-cola am i diversified >> all right, bob. you've got a very interesting development because you've r we've got apple which is own it don't trade it technology. jpmorgan, which is one of the greatest banks out there but then some people would say wait a second, aren't the

introducing the lucid air. experience the best. ♪ ah, these bills are crazy. know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. ahhh! icy hot pro starts working instantly. with two max-strength pain relievers, so you can rise from pain like a pro. icy hot pro. >>> welcome back carnival cruiselines soaring to a new 52-week high today after upgrades from jpmorgan and bank of america the options were seeing lots of interest mike khouw's got the action. kind of unusual, mike, huh >> most definitely is. this is not one of the teams we see in the top ten most active single stock options, buzz it was today and traded six times its average daily call volume. the business yegs contract were the august 15 calls. well over 33,000 of those trading for $1.45 a contract now, most of that activity was the result of an insti

introducing the lucid air.rom the consumer. last week we had a parade of data about how the consumer is doing, and i would say not so hot. i think we're back to the world where we have two kinds of people the ones who saved money and more on the defensive. try to make ends meet. now all the government assistance is going away we have a real trouble in retail macy's just reported a strong quarter that got weaker throughout the quarter nordstroms was a weak quarter that got stronger throughout the quarter. dollar general had a horrendous quarter. today we had research from several firms about how the end of the student loan repayment moratorium could impact millions of consumers who seem to shop inordinately at target meanwhile, spending has been robust in charitable trust in costco and walmart but these are places to get cheaper brands and less explosive food, both of which have seen inflation subside. handfuls are doing well but some are struggling if you really want to get a read on the consumer, you need aggr

introducing the lucid air.♪ ♪ old school wisdom, with a passion for what's possible. that's what you get from the morgan stanley client experience. you get listening more than talking, and a personalized plan built on insights and innovative technology. you get grit, vision, and the creativity to guide you through a changing world. ♪ >>> welcome back here's a sneak peek at the cramer cam he's speaking to the ceo of campbell. >>> now, the developing story. the faa forcing a groundstop at new york area airports earlier today due to poor visibility from smoke causing massive delays for the airlines. cnbc's phil lebeau standing by with more, and phil, looks like it's not just new york area that could potentially be effected. a much bigger swath. >> oh, sure. and primarily what we're talking about are two airports in new york that are feeling the brunt of this. laguardia, as well as newark, and then there's philadelphia, which is also noticing an impact from the haze and the lack of visibility, so, here's the latest

introducing the lucid air.ce the best. ♪ [office sounds] ♪upbeat music♪ ♪♪ ♪when the day that lies ahead of me♪ ♪♪ ♪seems impossible to face♪ ♪a lovely day (lovely day)♪ ♪(lovely day) (lovely day)♪ ♪(lovely day)♪ a bank that knows your business grows your business. bmo. >>> welcome back to "fast money. shares of molson coors, a producer of miller and coors light, popping higher after an upgrade at bank of america they are the biggest beneficiary of the bud light boycott stock is up more than 26% since the controversy took hold and is lasting much longer than what many analysts had expected tim, just the other day, your final trade was -- >> budweiser >> yeah. the brazilian beer company that really bothers people i think some of this is overdone i think, first of all, there are trends in beer and there's been consolidation they have been troubling for the entire industry and there are those that have held up better and you look at a constellation and, you know, what they've been able to do with their modelo bran

this is the all new, all electric lucid air. a car that goes as far as it does fast.acious. as smart... as it is beautiful. introducing the lucid air. experience the best. ♪ rich, velvety coffee. café quality espresso. one high-pressure system that can do both. brew to your heart's desire with the l'or barista system. a masterpiece in taste. >>> it's time for the final trade. lori, you get to go first. >> i'd buy health care if it's cheap, it's boring, and it's got good earnings >> not a lot of macro situation going on there karen? >> yeah, you know, this is a hard one, so i had to sell some apple, just valuation just getting too high and i hate to do it, but i had to sell some and so for my own personal stock, i gave it to charity. hopefully doing the right thing. >> dan >> never sold. she did the right thing. when she did it, she did it the right way. she's a genius you know it's funny, health care thing is a good one, we spent a lot of time, we've been talking about the weight loss drugs, lilly and the valuation. pfizer, we covered that story, they are working on a

introducing the lucid air.best. ♪ >>> welcome back retailers from kohl's to cvs shrink is leading to lower than expected profits target, dollar tree, home depot and walmart, more than half of retailers say they have seen rising shrink. we could see some improvement for some of these companies. michael, welcome >> thanks, kelly your note came out a day or two ago. no way the companies he's talking to still think it's major problem for them and it's not going away any time soon >> the market tends to look forward six to 12 months and we think this factor will improve in the coming future for three reasons. one, shrink has been up and down historically we went back and looked at 20 years of conference call transcripts, mention of shrink go up and down two, retailers are taking action to address this by implementing technology and other factors we spent time with the leadership at dollar tree yesterday and one of the products that they're seeing very high levels of shrink is men's underwear. i didn't ask but he sai

introducing the lucid air. experience the best. ♪ this is dr. arnold t.h vetworld. business was steady, but then an influx of new four-legged friends changed everything. dr. petsworth welcomed these new patients. the only problem? more appointments meant he needed more space. that's when dr. petsworth turned to his american express business card, which offers flexible spending limits that adapt with his business. he used his card to furnish a new exam room, and everyone was happy. built for dr. petsworth business. built for your business. amex business. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. [office sounds] ♪upbeat music♪ ♪♪ ♪when the day that lies ahead of me♪ ♪♪ ♪seems impossible to face♪ ♪a lovely day

if you take the lucid air at the midpoint, it has a 100 kilowatt per hour battery pack. is in the low 70's 70's to high 70's for the model y. loose its promise of having world beating technology only comes with scale, and they have not been able to achieve scale. they have had a lot of problems. i know the root of your question. it is whether you believe the components for electric vehicles themselves become commoditized. very high energy density, if they can manufacture them at scale, it is a plug-and-play, pardon the pun, for people that once made battery electric cars that don't currently. guy: and how fast and what kind of performance do you get out of them? is there a high-performance one? i am wondering how the evolution of this will work because electric motors sped up quickly and have high torque. how do you make it faster is the key question. ed: having that battery pack certainly helps with that for a really long time. the emphasis was on range. for the average consumer, there was an anxiety point. if you want performance, you can extract performance in other w

introducing the lucid air. experience the best. ♪ it starts with a grill.of your home. not just a weekend retreat, but an everyday getaway right in your backyard. newage makes it possible with beautiful all-weather cabinetry, grills and appliances that transform your backyard into a complete outdoor kitchen. visit newageproducts.com to book a free design consultation and create the outdoor living space you've always wanted. what do you see on the horizon? and create the outdoor living space uncertainty? or opportunity. whatever you see, at pgim we can help you rise to the challenges of today, when active investing and disciplined risk management are needed most. drawing on deep expertise across the world's public and private markets in pursuit of long-term returns... pgim. our investments shape tomorrow today. >>> a year before bed bath & beyond declared bankruptcy, an investor bought in big his name might ring a bell >> in march of 2022 ryan cohen disclosed a substantial stake in bed bath & beyond. >> when it happened, i thought, here he goes again he's pi

introducing the lucid air.erience the best. ♪ >>> the last meeting, it was a hike, called a dovish hike now we have a hawkish pause. i wonder what the mix will be in the july meeting. >> we will see that disinflation that's what's going to allow the fed to ultimately end this hiking cycle all around this rate. >> recession -- there's a 50% probability we're going to have one. i think it's going to be mild, an we moved out of the city so our little sophie could appreciate nature. but then he got us t-mobile home internet. i was just trying to improve our signal, so some of the trees had to go. i might've taken it a step too far. (chainsaw revs) (tree crashes) (chainsaw continues) (daughter screams) let's pretend for a second that you didn't let down your entire family. what would that reality look like? well i guess i would've gotten us xfinity... and we'd have a better view. do you need mulch? what, we have a ton of mulch. >>> a bit of a lackluster debut for "elemental," the pixar fill, the worst in the industr

this is the all new, all electric lucid air. a car that goes as far as it does fast.ous. as smart... as it is beautiful. introducing the lucid air. experience the best. ♪ >>> welcome back to "squawk on the street." i'm pippa stevens with your news update the critical stretch of i-95 that collapsed in philadelphia less than two weeks ago is reopening today. that is far ahead of the original months long timeline. traffic will travel over three temporary lanes as crews rebuild the main portion of the overpass it's estimated around 160,000 vehicles drive this stretch of i-95 every day >>> new charges today against the weapons supervisor facing an involuntary manslaughter charge in the deadly set shooting during the filming of "rust. hannah gutierrez-reed facing an evidence tampering charge after prosecutors accused her of passing drugs to someone else following the shooting reed's lawyer calls the new charge retall torre and vindictive she's the sole remaining defendant after prosecutors dropped a charge in april against actor alec baldwin >>> union workers at more than 1