massmutual. partnering with financial professionals, benefits brokers, and institutions. ♪ (vo) it's time to switch to verizon. sadie did. and now she has myplan. benefits brokers, and institutions. the first unlimited plan that lets her choose exactly what goes in it. now she gets to pick only the perks she wants and saves on every one. and with an incredible new iphone on us, no wonder sadie is celebrating. introducing myplan. get exactly what you want. only pay for what you need. act now and get iphone 14 pro on us when you switch. it's your verizon. oppenheimer was the father of the atomic bomb. we were intervening in the course of human history. detonator's charged. 3... 2... 1... >>> welcome back to "fast money. time to reveal our chart of the week, and who better to pick that out than the chart master himself? he's got a trade that he thinks is on the up and up. carter braxton worth of worth charting. >> i could have done a curveball and did a chart on cpi, but i didn't. >> that's true. >>

massmutual. financial professionals, benefits brokers, and institutions. ♪ >>> lightning round is sponsored by td ameritrade. >>> it is time for the lightning round. are you ready? here we go. >> hello, hello. i'm from ohio. >> what is up. >> thank you for taking my call. -- for earnings season. i want to ask about a company that has been left behind in travel stock. what are your thoughts on this? >> i prefer bookings and brian is putting together amazing numbers. let's go to curry. >> hello. how do you feel about lumen are? >> i feel bad. i think it is trending lower. is go to tad >> first of all, your insights are invaluable. due to recent concerns over medicare reimbursement, the company stock price has taken a hit. do you think shockwave medical will be okay? >> i do recommend ew even more. is good to lucas in minnesota. >> a hello jim! i am looking at converting from a minivan to a hybrid. >> how about gray brill in colorado? >> hey there from colorado. i am calling about biosciences. >> it

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massmutual. partnering with financial professionals, benefits brokers, and institutions.he 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 >>> the big reveal of our annual top states is tomorrow our scott cohen joins us with more methodology behind this year's ranking and another hint, please, scott. >> sara, this -- we've been doing this since 2007. it is now officially a tradition that at some point in the day before our top states reveal we get cohn to kayak or some other water craft and see if he drowns so far so good but there is a serious study behind all of this and for 2023, here's how it works. we rate the states based on what the states are selling this year with people in such short supply, everyone is talking about their workers. so, workforce carries the most weight where are workers moving, where are they the most productive and th

massmutual.th financial professionals, benefits brokers, and institutions. ♪ this is american infrastructure, a prime target for cyberattacks. but the same ai-powered security that protects all of google also defends these services for everyone who lives here. ♪ >>> welcome back to "fast money." stock squirrelly public by announcing new set of keys -- kaiser for the years. the s&p announced that their highest is april blusher. apple closing at a record and ending the day just shy of 194. is first time the stock is done that this month. meantime, banks of getting ready to report earnings burn. morgan stanley, goldman sachs, bank of america all on top. more than 11% so far this year. analysts expected encouraging results. he is a set of u.s. bank equity strategy. gerard, always great to see you. bank of america is one of your top picks here. i've got to start off of that. what are you saying and what makes you pick the ladder of your group as one of the top picks? >> thank you for having me on the

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massmutual.fessionals, benefits brokers, and institutions. ♪ >>> welcome back to "squawk box. showing interest in senator tim scott expected to make a fund-raising swing in new england in september what's going on? >> here we go. cnbc following the money race of 2024 what we're looking at here is coming into this race, right, coming into this year, there were groups of very wealthy people who were thinking, florida governor ron desantis was going to be this guy who could defeat donald trump in the primary and go on and defeat and likely beat president joe biden in the primary so what they're looking is at alternatives one of those people is senator tim scott. key reasons is, one, desantis hasn't moved up anywhere in the polls versus trump, neither has tim scott by the way, but there's the other piece of this, too, policy differences, really key policy differences, this event has been created, one of the co-host is a goldenman sachs former executive big names. connected to wall street who are comi

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massmutual. partnering with financial professionals, benefits brokers, and institutions.tanley, old school hard work meets bold, new thinking, ♪ to help you see untapped possibilities and relentlessly work with you to make them real. ♪ >>> netflix shares under pressure this morning. revenues fell a little short of estimates. it expanded its password crackdown and is poised to perform well while writers and actors are on strike in the united states because of extensive international productions, at least relative to the other studios joining us to discuss more is tom rogers, former tivo ceo and a cnbc contributor tom, what do you think the conventional wisdom is that netflix will do okay, at least for a while compared to the others is that your take on it, too >> yeah, that's absolutely my take let's step back a minute contrast that earnings call with the iger interview with david faber last week and it's night and day. you're talking about a company with netflix that just doesn't have to deal with the burden of decline and what happens when your current business model is

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massmutual.s, and institutions. ♪ this is ge aerospace, advancing flight for future generations. ♪ welcome to a new era of flight. lily! welcome to our third bark-ery. oh, i can tell business is going through the “woof”. but seriously we need a reliable way to help keep everyone connected from wherever we go. well at at&t we'll help you find the right wireless plan for you. so, you can stay connected to all your drivers and stores on america's most reliable 5g network. that sounds just paw-fect. terrier-iffic i labra-dore you round of a-paws at&t 5g is fast, reliable and secure for your business. >>> as we enter the second half of the year, the media business is facing big challenges julia boorstin joins us. >> well, melissa, with fears of an actor strike still looming and a worse than expected debut for disney's indiana jonas sequel, all the media companies are indeed facing big challenges in the second half of this year. first, there's the question of whether the screen actors guild does end up

massmutual.hose pests! pippa just talked about messing up our shot. >> a fruit fly in the station here. >> that was in d.c wasn't it? i think -- maybe here. i don't know intel returning a profitability after two straight quarters of losses also issuing a strong forecast jon fortt spoke to ceo pat gelsinger in the first interview after the company reported. >> it's a very good quarter beating a top, beating a bottom line, raising guide, for next quarter. just overall you the bottom line good quarter on financial discipline, market we exceeded across multiple lines of business, but in particular was the business where we saw the strongest beat. >> joining us for deeper analysis, vivek arya, bank of america's research analyst should people buy this stock here it's been tough for a number of years. i don't know whether you'd say the company lost its way, but it's not quite down 50% from recent highs, but almost nvidia is a trillion dollar company. amd has eclipsed intel's market cap, qualcomm almost

massmutual.ndme health customers surveyed reported taking healthier actions. benefits brokers, and institutions. because they know health isn't just a future state. health happens now. start your dna-powered health journey today with personalized insights from 23andme. >>> futures now up 57 points, nasdaq up 55, s&p up 11. take a look at the 10-year, which continues. yields are down. that could change so quickly in about 19 seconds we did have pretty good days monday and tuesday, s&p is up -- what do we figure, it's up about 40 points out of tom lee's 100 he was predicting. rick santelli is standing by hey, rick. >> that's absolutely true. we're expecting a headline number to be in the neighborhood of up 0.3. i'm going to be paying most attention to the core, up 0.4. i'll tell you why in a moment as we wait for these numbers to pop lat populate up 0.2%, up 0.2% it's 0.1 later than expectation. and it's not the fourth consecutive month of 0.4 and it means it's not the seventh month in a row of 0.4

massmutual. partnering with financial professionals, benefits brokers, and institutions.th ford. join friends maiza and leslie on an epic adventure with the capability of the ford bronco sport. time for g.o.a.t. mode. head out with the stephens family and stay connected with built-in wi-fi in the ford explorer. did you know that horses sleep standing up? road trip with the sanchez family and available hands-free highway driving in the ford f-150. now we're cruising. scan the qr code to see how ford can help you discover >>> it's day one of amazon's prime day sale our next guest says amazon is becoming an enterprise services company. gene munster of deep water asset management it's more fun to talk about deals on air fryers. >> -- melissa, keep in mind three-quarters of amazon's total revenue has largely been forgotten based on the ups and downs with aws and the advertising business the logistics piece is an important factor to this business they've talked about more recently in the interview last week, he said amazon's last mile is bigger than united postal service. that'

massmutual. partnering with financial professionals, benefits brokers, and institutions.ude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. i'm also mr. leg day...1989! anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. i go through a lot of pants. before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. . >>> welcome back a big week ahead on the earnings calendar including bank of america, morgan stanley and lockheed martin tomorrow morning. goldman, netflix and tesla on wednesday. for more on this, we bring in stephanie lee portfolio manager at hightower advisers, she is also a cnbc contributor. here we go getting into the thick of things with earnings. what do you think of the big banks and how are you going to position yourself? >> we have 11% of the s&p 500 reporting this week. we're just getting going it's going to be busy. it's going to be a lot of fun. what

massmutual. financial professionals, benefits brokers, and institutions. >>> welcome back new york mets owner steve cohen revealing a stake in chewy this is according to the regulatory filing. asset management company saying it has taken a 5.8% stake in the company. chewy sales between $11.15 billion and $11.35 billion you have the dog chewy is your place? >> we ran out finally. we got stuff and it was good if you are watching -- we ran out. >> you ran out of stuff? >> of the initial of what we had. it's good. it is nice to get something other than kibble. it is nice when the dogs look at me and say really? we tried freeze dried chicken. >> a delicacy? >> no, bones and organs. >> a dog delicacy. >> you don't have to put much in for them to eat the kibble >> i never had a dog i had a turtle >> let's not talk about that >> a turtle. we used to have a rabbit the delicacy for the turtle was we used to feed the turtle, i shouldn't say this on the air. live goldfish. >> i thought you were saying people

massmutual. partnering with financial professionals, benefits brokers, and institutions.ity 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. >>> good morning pepsi quarterly results are out. and we're going to talk salty snacks, soft drinks, the state of the consumer, inflation, all those things with the company's cfo. >>> and then delta, the first of the majors to report the airlines ceo ed bastian will join us live to talk about the quarter and summer travel demand and a rough start with the weather, at least on the east coast. >>> and stock futures rising after the s&p closed at its highest level in over a year this morning, more inflation data that could shape today's session and what you need to know ahead of that the second hour -- that guy is smiling. he's happy second hour of "squawk box" begins right now >>> good morning and welcome back to "squawk box" here on cnbc live from the nasdaq market site in times square i'm joe kernen along with kelly evans. >> good morning. >> thanks

massmutual. partnering with financial professionals, benefits brokers, and institutions. at the counter or on the go, save 20% with the lowest transaction fees and keep more of what you make. start saving today at godaddy.com book a work trip. earn onekeycash. shake some hands. do not forget to laugh. [laughing] book a get-away-from-work trip. use onekeycash. order some sides. do not disturb. join one key to earn and use rewards across expedia, hotels.com, and vrbo. >>> mcdonald's out with second quarter earnings a little bit earlier. the stock is moving higher a drop in revenue estimates, china sales rebound in the quarter. joining us is jeffrey bernstein, restaurant analyst what do you make of these numbers and what do you think it says more broadly about both the sector and the broader economy >> good morning, andrew. the results from my call this morning were better than expected across the globe, double-digits costs in each region driving earnings up side. i think we've been pleasantly surprised. the restaurant industry is doing extremely well thus far this year it t

massmutual.with financial professionals, benefits brokers, and institutions. ♪ of a u.s. recession in the next 12 months falling, it looks like, and the stock market already priced in a soft landing and that's according to the latest cnbc analyst, and it's funny how we go to recession, recession, recession to soft landing and we're all on the same page, and now maybe we should be worried, steve >> yeah, they are expecting a hike this week and they expect it will be the last one in the cycle. let's go through the numbers 90% say the fed will hike in july, but around 80% still see the fed on hold in september and november the peak rate is 5.48%, call it 5.5. the fed is on hold until around march when the chance of a cut gets more firmly built in, you can see a year from now in june of 2024. meanwhile the sentiment around the chance of recession shifting more towards the soft landing we have been talking about. it's falling below 50%, well below the peak of 60% in november it's elevated above the no

massmutual.ionals, benefits brokers, and institutions. >>> welcome back to "squawk on the street." i'm centrsilvana henao with youc news update. baltimore's mayor will not stop until they find someone responsible for a block party shooting, that killed two people he told nbc news this morning that police are still investigating whether the shooting was targeted. however, police say they have no suspect or motive yet. >>> israeli forces hit the west bank city with drones today killing at least eight people. that's according to palestinian authorities. an israeli spokesperson said the operation targeted a building believed to be used by militants to plan attacks. a palestinian spokesperson called the operation a new war crime. >>> and the gates opened this morning for the wimbledon tennis championship in london fans camped out overnight for a spot at the front of the q, and see the world's best players complete for a grand slam trophy no novack jdjokovic is favored for the men, and iga for the wome