macao has never seen what we have seen in las vegas or in the u.s. because covid travel restrictions have remained an obstacle melco shares are down. wynn resorts off 33% mgm off 34%. mgm has less reliance on the macao prorperties. look at las vegas sands. it focused on macao and singapore. despite the closures, sands ceo is focused on the silver lining. he told me as part of the cnbc recent evolve conference >> most of japan is open korea and vietnam. the biggest challenge is employees and air lift getting in and out which is challenging into singapore singapore is leading the way a great government and great place to operate we're thrilled to be there $1.7 billion property. my guess we'll do better in the future >> reporter: he did not go into detail numbers because they are reporting after the bell tomorrow the casino he closures means revenue is disrupted in asia it is not in the earnings rep report, but they will listen for cash flow and how sands is helping subsidiary sands china weather the covid storm. we know they loaned the subsidiary a sig

before the pandemic, the macao revenue was six times what vegas was.osed down for 12 days in july because of an infection outbreak in macao. they reopened, but it's only likely to be locals at this point because the covid travel restrictions are in place, including mandatory quarantine. there's questions when it will lapse because there's a nearby city with additional lockdowns. when i asked about expectations for reopening, not a lot here. las vegas saw a drop in the number of infections, and now they have told, the government telling macao residents, they have to undergo daily testing. the staff can only be at 50% of regular levels of the macao casinos, even though the covid case has come down. there's social distancing expectations in place. it's different from what we have seen, for instance in singapore. in april, most of the covid restrictions were able to lapse, and singapore is booming. a note this morning from our analyst saying he anticipates the growth in july, the world's biggest mecca, to be 1% of july 2019 revenues. we heard last week abo

but if you think about the demapped across the border, you think about the importance of macao franklyr bay area, we're huge, huge bulls on macao >> this was the first time craig billings sat down with the bernie sanders rob goldstein you can see more of this epic exclusive conversation on wednesday. you don't want to miss that. meanwhile, sarah, you know, here at home we're focusing on the impact of rising gas prices, inflation. i asked those ceos, you know, talk to me a little bit about what do you see as the canary in the coal mine for whether we're heading into recession and it was interesting they said, look, the pandemic may have made las vegas somewhat recessionproof in that even though gas prices are soaring and the cost of food and housing and all of that interfering, people just now view experiences differently than they did before the pandemic >> no. the they're prioritizing the question is how long does it last people can relevant yea start to get hit and see unemployment rise >> mgm's former ceo had told me a couple weeks ago, look, in the lead-up to the recession in 2008,

nasdaq still down 1.5% wynn resorts and las vegas sands are among the worst performers in the market as macao begins a one-week shut down and the stocks have a new regulatory headache and alibaba failing to comply with antimonopoly rules and not disclosing transactions and baidu all lower anywhere from 3% to 4%. ty >> a challenging week for investors as earnings season kicks off and key inflation data loom here to break it down and stocks to watch is stephanie link, chief investment strategist and portfolio manager at hightou are. good to see you. >> good to see you, tyler. the macro economic data out this week one is cpi and the other is ppi. are you looking at any signs there with inflation maybe topping off? >> it is going to be a really busy week, right between economic data and earnings yes, all eyes are on cpi 8.8% is what is expected even if it comes down a little bit, it's still very, very high and it won't change the fed's outlook in terms of raising rates and these are year over year numbers and also looking at retail sales as well as university of michigan sentiment numbers and tho

contessa brower looking at the action, especially today in casinos in macao we'll check the meta andughts costs will outrun revenue. cramer disagreed earlier we'll talk about that. the dow is down 24 we'll be back in a bit your projects done right . with angi, you can connect with and see ratings and reviews. and when you book and pay throug you're covered by our happiness check out angi.com today. angi... and done. as a business owner, and wh your bottom line isthroug you're always top of mind.iness so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network with no line activation fees or term contracts... saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. >>> yesterday "squawk on the street." i'm dominic chu. all the minimum wage or indices are lower so far every sector on the s&p as you can see behind

sing singapore, however, has reopened if macao follows the rebound of las vegas, the real question whenbets show up in the stock price >> right i get that sports bet hg a bit of a pandemic revival but then it didn't but then it did. basically the stocks were overvalued and so draft kings is correcting, and that's fine. the traditional casinos, we keep seeing strong numbers, right >> and what is really remarkable is while you've started to see little hints that consumer discretionary spending has been under pressure with rising inflation in las vegas in particular, at the las vegas strip, that is not being reflikted in occupancy numbers, in the room rates they're able to charge. what you're still seeing is this insatiable demand for the experience and while there may be softening in some other levels, in the regionals at the very low demographic, which isn't profitable for the casinos anyway, you may see softening there but you're not seeing it in general in las vegas. >> it's fascinating. it adds up and yet doesn't for these frustrated investors contessa, thank you very much. our contes

salih angeli, guan is he that connections in hong kong macao singapore account for three ships?l terrorist wanted by interpol in connection with the hijacking of a boeing 747 and the destruction of passengers escape from a saigon prison with the murder of a warden strangled little drinks a lot does not get drunk, explicit sadistic inclinations. the weakness of a woman drugs is dangerous waiting for an opportunity to take matters into their own hands serious lad. schweiger jahim johannost, aka the role of schneider punitive operation in south africa's operation wang gole sniper is excellent, owns a knife exclusively intuition in choosing a strong side. pathologically deceitful, stingy with positions, hardy, undemanding to housing and food, weakness, sentimental, loves his mother. please, old lady. 9 m 9 m is 31 lb west 100 m 28 ft this is the same depth chart. fairway in our hands i don't like it. why are you too quiet? 8 meters 7 left stop right small back 10 meters do not shoot a wave from the explosion, the boatswain will throw us onto the stones. they're coming back to cook t

. >> down 9% today on this macao shutdown, the value of when should have a zero value to macao at thisel. this is on the las vegas and boston operations, which are doing better than expectations. >> thank you. steve wyche? i understand jim being upset if you and your ivy league friends couldn't get in either, would ruffle your feathers. my final trade is shorting the xl left, takes protection out against financial holdings when they report the end of this week. >> joe? america, value, growth, doesn't matter. special teams, mark. i hope you will all join in a few hours, that doesn't care. the exchange begins right now. >>> hi, everybody, i'm kelly evans, and here is what is ahead. across the economy, we are starting to see signs of a slowdown and that might not be a bad thing. what goldman says the strong job report shows a significant slowdown is happening. >>> one analyst says restaurants want the recession, he will explain and give u

new all-time temperature record at 39.3 degrees we do have a plume of heat stretching through into macaoong kong . as we go further to the north, we have a line of storms stretching through to the yellow river valley, so that will flush out some of the heat, including for places like shanghai where showers and storms are approaching. in terms of japan, for fukushima prefecture, we've had flood and landslide alerts and play with this batch of wet weather rolling through. a high of 32 degrees on thursday. off to southeast asia, we have this wave of moisture injecting a lot of moisture into the atmosphere that will amplify rainfall amounts across northern and eastern areas of sumatra. across the southeast corner of austria, brisbane at 21 degrees, it has been a pretty dismal winter. you may record your coldest july and 30 years. for new zealand, a lot of wet weather on the east cape with a high of 18 degrees. ♪ >> around 10 women are being murdered in mexico every day. almost always buy me. -- almost always buy men. it is threatening to spiral out of control. now specialist police forces ru

wonderful that they submitted it is also wonderful it's a bit funny, i have the impression that this macaoversation was for the sake of anya's conversation for the sake of its content, and it 's not quite correct in my opinion, but otherwise the french did the right thing by merging this recording, it characterizes putin and his regime very well. well then a lot of questions arise. and what about macron 100 hours talked with putin. if he talked to him in this way, well, a logical question just arises, you understand. well, i think that actually for macron, the desire to maintain this contact and not to bury him with er how they pissed off the last and last chance, well, pissed off. i think that nothing special will actually happen and they will continue to talk, only the meaning of this conversation was not understood by me. poezirstvam, how humiliating is putin, he sees, he sees for six months, and i believe that europe has a worthy answer to him. thank you, mr. pavla. this was pavlo klimkin, the minister of foreign affairs of ukraine in 2014-2019 . it was conducted by serhii rudenko, i w

in the special administrative region of macao, authorities have extended its ongoing lockdown and massrough this friday, meaning all nonessential businesses like casinos have had their operations suspended. and in shanghai, many people who are worried about another round of mass lockdowns after 17 new cases were identified in the past 24 hours are now going to have to undergo more mass testing in effort to stem community spread, the city government said they will require residents across ten of the city's districts in some smaller areas to undergo two rounds of testing for covid-19 over the next three days starting this week. whether it's daily covid testing, china's zero covid strategy continues to impact people's lives nationwide. >> yeah. and tell us a little bit more, blake, about that impact. what is the economic impact? >> well, lynda, the cost of zero covid isn't just impacting people's daily lives who in some cases have to provide a negative test just to access public venues and public transportation. it's also causing serious problems for china's economy. last week china repor

new covid-19 outbreaks are being reported in china -- including the gambling mecca of macao.inos and streets across the territory were empty. businesses were ordered to close and residents were told to stay indoors. meanwhile, yet another highly contagious mutation gained momentum in india. scientists say the ba-2.75 sub-variant may be able to defeat vaccines and other immunity. the political crisis in sri lanka took a new turn today. officials on the indian ocean island said parliament will vote on a new president next week. that's after mass protests in the capital forced the president and prime minister to offer their resignations. peter smith of independent television news is in colombo, and filed this report. peter: in sri lanka the queue for petrol no longer last for hour the wait is now measured in days. this is what it looks like when the country runs out of fuel and money. protesters have stormed the gates of the presidential palace and, from what we saw today, they have now taken over. >> we will win, because people are united. peter: this president is not coming ba

residents take nine tests over a period of two days the lockdown from march to may brought about a drop macaon as china infections hit a two-month high yesterday authorities ordered the city's residents to stay home, and all non-essential businesses will be shut down until friday. >> and the shanghai population >> total number? >> total number. >> i couldn't even begin. >> 26. >> 26 million. remember, new york city, 8 million. for a little context there. >> yeah, exactly. >>> goldman is out, and, of course, my machine is frozen. >> your machine? also known as your computer. i don't know if i can help you or not. >> i'm getting it right now. i'm -- i can give you the estimate let me see have you got it yet? here it is this is something i deal with constantly on this mac revenue, 11.86, earnings per share, 7.73. let me look over here. i still don't have -- 11.86 -- 11.86 billion -- hold on it's coming up 868 was the estimate 7.73 pretty clear beat. $8, the component. you can see it. >> looming higher. up 9 now >> the revenue number was also below what they actually -- they posted 11.86, and the

plus, when you shut down casinos in macao, we worry about china and another possible lockdown because course this is going to be challenging, but we're down 20% already roughly on the s&p this year it's not as if investors have not noticed that there was trouble coming investors are well aware that there's going to be weakness, which is why we've taken the market to this level and if we could hold around this 3800 as support, i think that would be a reassuring sign it's not vlasias if there are no positives to consider. definitely challenges this quarter. >> so you think that in the last month we've seen signs that the economy has slowed what about the jobs number the rear view mirror >> you know, it's very interesting, because the unemployment rate has held in at around 3.6%. very low for a recession i mean, lower than one would expect one of the things that we have looked into is the whole idea that there was some overhiring in places, that we in fact began to think about employees and hiring a bit the way companies just really had to overorder and develop large inventories, not tha