i'm melissa lee. this is "fast money. we're live at the nasdaq marketplace. we start off with a rally in walt to end the week the dow up 14 of the last 15 trading days the s&p 500 at the highest close since april of last year the nasdaq seeing the best session in more than two months. the gains coming after softer than expected inflation numbers this morning indices higher for the week with the nasdaq leading the gains up 2% since monday. all this ahead of the busiest week of the earnings season. 158 companies set to release results next week with apple and amazon the major headliners. both stocks strongly into the reports. apple, in fact, posting the highest close on record today. it has added a trillion dollars in market cap just this year will next week's results keep this broader rally going this is not the best setup we had. we have had good results so far. >> yeah. and i would think that when you look at the overall market and the way it's performs, people have bet against this market aggressive

you know melissa lee could not stay away." begins right now. >>> good morning welcome to "squawk box" here on cnbc live from the nasdaq market site in sometimes square i'm melissa lee happy to be back alongside joe kernen >> i knew you would be

i am melissa lee. a mixed job report closes out a losing week for the market as investors fear that the fed might return to hiking rates. all this happening as a new earnings season kicks off. before we get to carter's charts what are your takeaways from the holiday weekend? >> a very light week. there are those who think there is only another fed rate hike coming up. although the jobs report today helps them feel like they are getting the job done. we still with 3.6% unemployment and inflation around 6% they will probably have to put in another 25 basis points. not that it makes that much of a different story but it resounds of what they are trying to preserve. >> i don't know necessarily they will be that hawkish. you look at some of the things they are doing and the weakness of the dollar -- unemployment rate is still good. the dollar is weaker. i think what the market is saying is that the fed will not do enough to raise rates. the market might just keep chugging higher here. maybe it's time for co

i'm melissa lee.are entering the countdown to the fed's next decision on interest rates a hike is expected today we have team coverage from the stock market to the bond market to the economy and how rising rates impact the consumer. plus, don peebles is back with an update on the health of commercial real estate a month ago, he told us about opportunities he was ready to pull the trigger on this quarter. he did and back to tell us what he bought and is eyeing next and sean o'brien will join us live that is all ahead as the dow struggles to make it 13 straight days of wins, which would be the longest winning streak since 1987 that's where we begin with the markets. and dom chu joins us >> there's part of me that the fed gets the dow to that 14-day. if it gets to 14, i'm looking beyond that. it would be the first time since 1897 since that happened the dow, the s&p and the nasdaq are all in that typical holding pattern ahead of a big fed rate decision, and a subsequent press conference by jay powell the

are shares being artificially sweetened and progressive just lost a bundle today sorry, flo i'm melissa lee, this is "fast money," we're live from the naz d nasdaq market site >>> a strong day for stocks, as investors cheer, but one more cooler than expect ed report. the major eindices all up the dollar dipping to its lowest level since last april rates also taking a massive leg lower as we mentioned. the ten-year yield sliding to its lowest level of the month. the two-year, just at 5.15 last week trading with just over 4.6%, so, what are the moves and rates telling us about the markets we have right now, guy >> well, it's the monday market confused as i am, clearly. i don't think the bond market knows where it should be going in terms of where the economy is as, where is demand at ppi is a very positive thing, a very negative thing. maybe there's going to be demand instruction on the back end. maybe that's why we're seeing this in terms of the bond market, i'll let tim talk about the dollar for sure. again, the volatility in the bond market has been a warning sign it hasn't man any fesed i

later, meta's monster move we'll take a look back at the strategy i'm melissa lee. on the desk tonight, mike khouw, carter worth, and brian stutland joins us in house. investors fear the fed may be returning to the hiking cycle. we also saw bond rates spike, housing dip, and energy rebounded a bit all this happening as a new earnings season kick off late next week before we get to the chart, what are your key takeaways from the holiday shortened week mike, kick it off for us >> from an options perspective it was a very light week with those who think that there is probably another federate hike coming up, i tend to agree with that, although the jobs report today probably helps them feel like they're getting some of that job done you know, we still at 3.6% unemployment, still with inflation around 4%, they are going to have to probably put in another 25 basis points. not in my view the 25 basis points when you are where we are around 5% makes that much of a difference, but signals that hawkish tone i think they want to preserve, and i think that's going to create pre

i'm melissa lee along with joe kernen becky and andrew are off the s&p is up 1.66 points and the dow jones industrial average is up 50 the nasdaq is higher by 36 what an extraordinary first half of the year. the dow up 3.8%. nasdaq is up 32% the best first half since 1983 remember '83 were you a broker then >> i was just starting in the business at merrill lynch. >> what a great start. first year stockbroker >> my stub year in '82 it was a great time. training in october of '81 production in march of '82 '83 was a good -- when i was 20 -- it was up. it was a pretty good year as i recall once we got the hostages out and cut taxes and the dow was at 780 when i started from 780 to 1,200 and every analyst said it wasn't real. >> just like today with the nasdaq >> just like today we talked about that a lot on friday people said why are you so mean? i'm not mean, but you are in the business with your clients to -- i can be wrong and stay out of the market for 35% on the nasdaq i can do that myself i don't need someone. >> and pay them. >> for the strength of their ideas. my idea -- even on

"time" tyler math son in for melissa lee. this is "options action" live in the nasdaq market site, and on the desk tonight, mike khouw, carter worth, brian stutland, and me i'm the only one on the desk you guys get to work remotely tonight. let's get to it. tech a big focus of next week's earnings the xlk up carter, after a run like that, can the technology of leadership be fading? >> what do we know dominant in terms of weight be the big names, the concentration we have had with us, and it's always with us let's make this point, it's important. when people say the top names are too concentrated, if you lock back the last 45 years the top ten years average about 20% concentration. we're 30% now. app and microsoft made new highs. the sector itself, xlk, one way to measure it, is now just back to and slightly above its highs before the bear market began, january 4, 2022. you can look at this and them consider, are there laggards to play is it a double top at a minimum before you can typically exceed a high, you back and fill at

i'm melissa lee. thcht is "options action." we begin with another monster week of earnings caterpillar and uber and airbnb to pharma and merck and pfizer we get the two tech titans and amazon surging higher this year. 50% and they gained more than 57%. carter, what is going on with you? what are they saying about this company? >> this is based on operating results. but there are a few key moments in the chart look first at a relative charred. apple, this is the tech sector and what we know is that apple's performance peaked in the third quarter last year. so ten months later, here we are. and we're down that is verse all the other choices in the sector that we're on this trend line which bounced five, six times. it almost needs to bounce here an undercut of this would be quite fatal. you can't outperform your group for the last ten months, what's going to cause it from here? look at the chart of apple itself the first of several does it break trend? put in the 150-day moving average. how far above that moving average are we tak

i'm tyler matheson in for melissa lee. on the desk tonight, julie beal, guy adami, karen finerman, and here on set, to lonely folks, courtney how are you? >> got to hold the fort down. >> we start with the dow's best run in six years it may have come down to the wire the gain was small, but the blue chip index did eke out a small -- and we do mean small -- gain the dow up ten sessions in a row for its longest winning streak since august of 2017 for the other major averages, a bit of a mixed day this on a day where there was a sizable volume of index and stock options expiring even with today's anemic performance the dow did jump more than 2% this week, and the market now turns to the busiest week of earnings season and a key fed decision on wednesday. guy adami, how important is next week for this little -- >> tyler, did you write that open did you write that open? that's why you're on the mount rush more of cnbc. just genius. >> we're nailing them! g giving them the "a" game today. >> of course you are i think it's really

in for melissa lee on the desk, bonawyn eison, courtney, steve grasso, and guy adami. all popping at the start of trade after each posted revenue and earnings beats for second quarter, but the gains didn't last long. jpm landed in the green, but off the day's highs. citi dropping 40%, its worst day since march. the dow managed to eke out a fifth straight day of gains. s&p and nasdaq closed in the red. overall, very solid week for stocks, all the major averages posting strong gains since monday the nasdaq got over 3% what message does all this action send as we head into the start of earnings season guy, what did you make of the reversal >> hi, sarah great to see you sorry i'm not there. i don't want to make a huge deal out of one day i'll say this. last friday you saw a similar reversal in the market the market was on cruise control every friday last friday it changed, and today it was interesting i think a couple things stick out to me. you mentioned j.p. morgan. the reversal in the kre today i think is something to watch for sure that touched up to the early june hig

in sara eisen in for melissa lee. this is "options action" live from the nasdaq market site. on the desk, mike khouw, carter worth, and brian stutland. we're going to start with the huge week for stocks as we roll into earnings season the major averages rallying for the week as cooler than expected inflation data boosted optimism on the economy and the fed banks kicking things off with results this morning jpmorgan, citi, black rock, wells, all delivering beats. the stocks trading mixed on the results. as we head into the heart of earnings season, what is on your radar, mike, and what do you make away from the signal so far? >> yeah. so, you know, we had some mixed signals this week for sure. first of all, as you pointed out, we did get somewhat better than expected epi data at the same time that happened we did see increases in oil and copper prices, which we might think of commodities that are tied to the economy, sort of industrials there. so that's, i think, obviously, a positive. on the downside, though, we saw two tens that went the wrong way. ten-way rates go lower rat

you know melissa lee could not stay away. "squawk box" begins right now. >>> good morning welcome to "squawk box" here on cnbc live from the nasdaq market site in sometimes square i'm melissa lee happy to be back alongside joe kernen >> i knew you would be back. >> becky and andrew off today. let's check on the u.s. equities when tom lee was on this week, people thought he was nuts he managed to get it right s&p right now looking to take a breather at the open down by 2. nasdaq giving up 14. dow looking higher by 35 unh is helping on the dow. just reported. better than expected and a raise here the s&p breaching the 4,500 level. highest since april of 2022. four consecutive days of gains treasury market move is absolutely stunning. look at the 2-year treasury at 4.67%. one week ago, we were above 5% >> well. >> the volatility in the bond market is playing out. that is the theme of the year with volatility in the equities. 10-year treasury at 3.793% we will hear from a number of banks reporting this morning jpmorgan chase and

melissa lee described it as one of the most colorful interviews to grace the cnbc air waves.are back after this >> i'm worried about regular intelligence now that means they can use our image or our for whatever. you know what i mean now residuals have gone down wait a minute. give us a piece of that pie, too. i was told my small business wouldn't qualify for an erc tax refund. you should get a second opinion from innovation refunds at no upfront cost. sometimes you need a second opinion. [coughs] good to go. yeah, i think i'll get a second opinion. all these walls gotta go! ah ah ah! i'd love a second opinion. no. i'm going to get a second opinion. with innovation refunds, there's no upfront cost to find out. so why not check like i did for my small business? take the first step to see if your small business qualifies for the erc. this is ge aerospace, advancing flight for future generations. ♪ welcome to a new era of flight. >>> >>> welcome back to "worldwide exchange." time for the morning call sheet. shopify shares this morning down almost 1.5% with the downgrade from eve

i'm melissa lee alongside joe kernen we are muted looking ahead to cpi data.meantime, s&p looking to add seven at the open. dow looking to add 23.

i'm melissa lee.the fed's next decision on interest rates a hike is expected today we have team coverage from the stock market to the bond market to the economy and how rising rates impact the consumer. plus, don peebles is back with an update on the health of commercial real estate a month ago, he told us about opportunities he was ready to pull the trigger on this quarter. he did and back to tell us what he bought and is eyein

we're live at the nasdaq market site in times square i'm melissa lee along with joe kernen becky andtoday let's take a look at the futures as the cpi number is due out in about two hours' tomb. s&p looking to open at 9, dow up by just about 58 we should note markets are moving higher after the dow was up 1%.

i'm david favor with melissa lee. have a quick look at the markets.time. >> exactly then things changed. >> in a significant way. the nasdaq is having a strong morning so far as you see up 1.5% the broader market with enough gains of .8%. >> we can't joke about the dow and the winning streak. >> no. >> that's over. >> that's over 1897 old. >> i thought of you when we went negative and we were not able to have that new winning streak because i thought how happy you would be. >> i was i was. i just can't stand it. >> now we don't have to talk about it intel headed higher beating top and bottom lines returning to profitability after two quarter of losses. we'll break down those numbers roku shares surging. better than expected quarter shares are inches away from doubling newell beating on the top and bottom lines despite lower sales. cracks in the armor when it comes to the consumer up almost 6%. >>> consumer sentiment is out. it was just moments ago. rick santelli has that for us. rick >> these are the july finals which means the mid month reads get tos

let's create. >>> good monday morning, i'm melissa lee along with mike santoli.o of on semi will join us. >>> the ceo of xerox is here as well a check in one year into the job. plus post-earnings reaction as losses there widen. >>> later, rockefeller on why big tech leading the way on a.i. is dysfunctional. >>> market holding onto last week's gain. modest moves s&p 500 up about 0.8%. small caps are outperforming again. russell 2000, the 2,000 level on the russell 2000 has acted as a bit of a cap over the last couple of years but we're challenging it once again.

. >> gdx, melissa lee. >> and thank you, lori, for joining us thank you for watching "fast money. "mad money" with jim cramer starts right now. >>> my mission is simple, to make you money. i am here to level the playing field for all investors. i promise to help you. mad money starts now. >> [ music ] >> it is earnings season, that means we need to figure out the habs, which will most likely make money if you are putting fake numbers, and the have nots, which would most likely blow it. just look at it is action with the dell gaining 48 points. the tech heavy nasdaq jumped 1.58% it's the same ones that are viable over and over and over again. tonight, you are very lucky, because i'm going to give you the haves and have-nots. why don't we start with something positive, start with the habs. sorry, i know it is overdone, but the most are the magnificent seven. let's start with apple. it has got the best subscription pod in the world and it keeps adding great content. we just heard today and david faber's excellent interview that he needs partners for sports. can you imagine watching l

i'm melissa lee with david faber at the new york stock exchange barclay's chief economist is here on a defiant gdp print. >> renaissance macro founder jeff de graaf also with us on the tech side of this historic melt-up in the dow. >>> later, the ceo of first solar, that popped big, now in negativity territory right now. >>> let's give you a check on markets an hour and a half into this summer friday you can see we are up across the board. the nasdaq posting significant gains, 1.6%. melissa, not to go back to yesterday but it is somewhat reminiscent of what was a strong rally and stalled out on the move from bank of japan and move up in rates. perhaps today will be sustained and many of the biggest are getting bigger today, including meta, up 3.6% after that earnings print on wednesday after the close did get a positive response in the marketplace yesterday. >> as we were talking to bob about the fragility of the markets in reaction to a 4% ten-year yield, it's amazing it felt algorithmic, and then we see the selloff and today's resumption of the trend. we go back to what worked in t

>>> good monday morning, i'm melissa lee along with mike santoli. straight ahead, the ceo of on semi will join us. >>> the ceo of xerox is here as well a check in one year into the job. plus post-earnings reaction as losses there widen. >>> later, rockefeller on why big tech leading the way on a.i. is dysfunctional. >>> market holding onto last week's gain. modest moves s&p 500 up about 0.8%. small caps are outperforming again. russell 2000, the 2,000 level on the russell 2000 has acted as a bit of a cap over the last couple of years but we're challenging it once again. it's the story of, it's a multitude of stocks working, at least in the latest phase of of rally. >> in today's session, for instance, broadening continuing. we have performances by energy for one, financials, industrials continue to chug along in addition to tech stock holding up, still holding up. >> yeah, exactly the market continues to chew through a lot of the big picture concerns thrown its way. the latest one is the broadening of the rally funny enough, now one of the bearish t

>>> good wednesday morning i'm carl quintanilla with melissa lee at post nine of the new york stock exchange. setting the agenda, lori ca calvasina is with us marco papic is with us >> later on former jetblue ceo david neeleman talking some of the significant airline dlecline across the market. >> the third quarter this month of july, the dow is down by about a quarter percent. s&p 500 basically unchanged. the nasdaq holding on to just a 1/10 of a percent gain here. of course, we had factory orders that undershot the deceleration from april and also looking ahead to fmoc minutes, that come out in just a couple of minutes. >> get a little color on that last meeting our next guest isn't quite bearish yet. her year-end target warning of worrisome market sentiment, focusing on the resiliency of markets going into an earnings season that will give us some clues on how the rest of the year will play out lori calvasina is here with us on set lori, welcome. >> thanks for having me. >> you've got to feel pretty good about the range you've given the year so far. >> we've said all year -- first of all,

an upgrade on one real estate stock, and the barbie effect i'm melissa lee, this is "fast money. on the desk tonight, tim se seymour, karen finerman, guy adami, and katie stockton. we start off with the prime day palooza. it's currently under way prices may be down for shoppers, but shares are up for amazon investors. etsy, nordstrom, gap, kohl's, eco chewy all up what's interesting is that prices have gone up. >> as long as nothing breaks, and when i say breaks, it's typically the stock market, consumers will spend it's not to suggest everybody own stocks, but the market goes up every day, people feel better about things, i can go out there and spend regardless of whether or not i should be never underestimate the u.s. consumer's want to spend we talk about tjmaxx, i think karen brings it up, that stock's made an all-time high late last week, earlier this week. continues to trade higher. the flip side of the coin is -- >> target. >> retailers that can't figure it out so, you have to -- you can't just sort of paint with a broad brush here you have to pick the right companies. >>

i'm carl quintanilla with melissa lee. setting at again da today, citi's ed morris on his second half outlook on crude and bearishness on brent. >> why the lack of fundamentals is a bubble waiting to burst. >> later, ben silverman on whether the amazon cost cuts should take place. >>> let's take a check of the markets. it's the yield curve that's the story in today's session the two-year yield hitting its highest levels since 2007. this is a fresh cycle high the ten-year also going up it's that spread that's of concern. it's a five-year offering another place for investors to go as an alternative to stocks that's concerning here also, of course, that's a damper on valuations. that's exactly what we're seeing play out in the market today with s&p down by more than 1% at this point. >> premarket was already negative and then we got the labor data, claims about a two-week high. obviously, adp double expectations hasn't been too many firms changing their estimate for tomorrow, but adding that line, there is upside risk to our

i'm melissa lee, this is "fast money. we start off with the unrelenting rise in rates. the two-year yield jumping another seven basis points today, rising above 5% for the first time since march and its peak for the session, it was at its highest level in over 16 years longer term treasuries followed suit with the ten-year crossing back above 4%. the move coming after much stronger than expected private payroll report raised expectations for more rate hikes. those worries sending stocks down the dow down more than 500 at its lows, still put in its worst day since early may. is the best behind us for stocks or maybe this is a nice blowoff before earnings season begins, steve. >> yeah, i think -- i'll go with the latter, for 500, jack. >> okay. >> if it's a game show, but i think mike said it well, he said he thinks this is the result of better economic growth coming forward. obviously the front end of the curve is going to be fed responsible. back end, you could pick your poison is it going to be a long recession, a deep recession, a shallow recession. it's eventually go

i'm melissa lee, this is "fast money," we're live at the nasdaq market site. we start off with what might be a major warning sign for the markets the yield on the ten-year treasury touching its highest level since the collapse of silicon valley bank rates just a few basis points shy of 4%. the two-year getting within a stone's throw of 5%. the yield had fallen below 3.6% in late march. does a steady climb higher threaten the market's recent run? and will it put a cap on how much higher the s&p 500 can go in the second half tim, what do you think >> if you are measuring stocks and you have a discount rate, that's mechanical. higher rates mean lower equity prices that's just what analysts do if you think about a world where we have a trillion dollars -- if you think about the impact on earnings from corporate america operating margins, et cetera, i just think the dynamic with how rates are playing out here is a function of where we've seen the job market remain very resilient. we had -- i realize we always poo-poo the gdp number, but when you saw the number that

i'm melissa lee, this is "fast money. on the desk tonight, tim seymour, karen finerman, dan nathan, and guy adami. alphabet and microsoft kick off tomorrow with meta and intel following suit apple and amazon on the docket next week. the stocks led by monster gains in meta in the first half are flat or even down so far in the month of july. and their far lagging the broader market this month. so, will the report reignite for big tech or could we see more rotation out of those names? we saw it even today, financials were the big gainers in today's numbers. >> we have to welcome tim back sailing. >> takes me away >> it's actually an encouraging sign there's some rotation i'm not pretending i'm bullish, i'm not, but the fact that the rally is broadening out is a good sign. these high growth, high valuation names should pull back energy's been incredible under the radar. so, i think this is a good sign. however, valuations in a lot of these names, you mentioned my have to soft, suggest they better knock the cover off the ball

i'm melissa lee, this is "fast money. on the desk tonight, tim see your, dan nathan, guy academy and julie beiel. yes, the megacaps, the ai-focussed semis, but there have pockets of strength you might not have noticed media names also on the move paramount, netflix, warner brothers discovery, all well in the green. and the gig economy stocks, uber, doordash, lyft feeling the love what does this broadening out of the tech rally tell you about the markets? are you more hopeful, dan n nathan, i ask sarcastically? >> the gig ones are really interesting to me, because those are models that were heavily debated. they saw the pull forward, they rose to crazy heights in 2020, into 2021. some of the first ones that started to sell off, and obviously uber is a little different. they had different dynamics going on between rideshare and delivery if youlook at uber, airbnb, those stocks are both $100 billion market cap companies right now, they've had massive rallies, and they've gone from, you know, probably decent market size to ve

i'm melissa lee, this is "fast money. full house here on the desk tonight. we start off with that big night of earnings. alphabet, snap, visa, and microsoft. we have an a-team of reporters ready to dive in kate rogers, kate rooney and steve kovach all on deck, but we start off with deirdre bosa. >> melissa, investors are cheer i ing. google's longtime ceo is taking on a new role as president and chief investment officer, includes external and internal responsibilities she'll be engaged with policymakers to recognize the importance of technology on the investment side, she'll cover infrastructure, data centers, efforts to expand in the india region as for why now, she said that she has been a cfo for 14 years, eight years at google, so, she said it was time for a new challenge. margins were a positive story this quarter better than expected operating leverage and less than a jump in terms of cap x that the street was expecting. she attributed that to moderating office and head count expansion and a delay in data center construction projects i asked her, and i

, and is now the time to bet on the sports betting boom i'm courtney reagan in this evening for melissa lee, this is "fast money. on the desk tonight, tim seymour, courtney garcia, steve grasso and guy adami markets bouncing back from a losing week. the dow jumping 210 points, snapping a three-day losing streak and the s&p and nasdaq closing higher the top performers, industrials, health care, and energy. industrials now up almost 6% over the past four weeks the gains come days before a key inflation data read this week, and the kickoff of earnings season wall street hears from delta and pepsi, and then friday, the banks. so, how should investors position themselves ahead of the key numbers. tim, what do you make of today's trading, a little bit of a hangover from last week as we wait for the cpi numbers, more details from some of the keyen banks? >> yeah, i think it's been directionless. we are reflecting more on the move in the last couple of weeks. the bar is probably reasonably low, but we all know that operating income and essentially margins are probably flat to down small we know seq

750% since the start of the year the big reveal in the options action behind that coming up i'm melissa lee, this is "fast money," we're live from the nasdaq market site we start off with some breaking news out of disney shares right now are up in the afterhours let's get straight to david faber in sun valley, idaho, for all the details. david? >> reporter: yeah, melissa, tomorrow morning, we sit down with bob iger, of course, the ceo of disney. and the news right now is that he will be ceo of the company for a bit longer than had been anticipated. of course, our viewers may recall mr. iger returned to disney late last year as its ceo of a 15-year stint in that job out about 11 months. returned with an end date of the end of 2024. the board of directors has requested and he has accepted an extension of his contract through the end of 2026. perhaps a reflection of the challenging times that disney finds itself in. perhaps, as well, that he wants to accomplish certain things and didn't have enough time in which to do it also puts off, of course, the search for a successor i'm told that senior

i'm courtney reagan in this evening for melissa lee. this is "fast money." we have karen finerman, guy adami and carter worth of worth charting we talk about the ai tried shares of taiwan semi falling more than 5% today the world's largest chip maker reporting its first profit drop in four years. swan semi putting pressure on, the index dropping 2%. kristina partsinevelos is here with the semis slump >> let's talk what the message is the ai hype can only go so far that's exactly what management paraphrasing said really early tonight because ai only contributes 6% of total tsmc revenue. yes, that 6% should grow to double-digits in five years, but it's is not growing fast enough to offsee the weakness we're seeing in smart phones as well as pcs, which is a much bigger percentage of industry revenue they fell 5% but brought down the sector like the smh, a good barometer. other equipment names you're seeing on the screen got hit hard because tsmc reiterated its capital expenditure spend at the low end of the range tsmc also plans to low down production of its ar

rails with union pacific, taking flight with boeing, and cracking open the results at coke i'm melissa lee, this is "fast money," we're live at the nasdaq market site. with us for the hour, michael katopolis. meta's conference call just getting started. julia boorstin listening in and has the details. >> well, meta shares up 5% after beating expectations across the board. reporting 11% revenue growth that number is key, because analysts expected 8%, and last quarter, the revenue growth was just 3%. now, further this growth story, the company guided to better than axct expected accelerating revenue growth in the third quarter. i spoke to susan lee, who told mel that these results reflect solid execution across meta's family of apps, also better monthization of reels. the company did raise its 2023 expense guidance, due in part to a legal charge, but lee telling me in this year of efficiency, they've made very good progress on the company's cost structure, but there are a number of factors that will drive expenses higher in 2024 including higher infrastructure costs, growth and payroll expe

and wi'm melissa lee. we're at "fast money" on the desk tonight dan nathan, guy adami and danny moses of big short fame. and cameron dawson, cio of new edge wealth. welcome to you both. we start with the market melt-up on wall street stocks surging to their highest levels in over a year. the dow up for the seventh straight day, the longest winning streak since march of 2021 tech stocks leading the charge and now at 47% since january check out this chart tech valuations closing in on record highs forward p/es are at levels not seen since december 2021 when the world and the market was a very different place so with stocks rallying and tech valuations nearing record levels, when will the bears throw in the towel and i ask this in the company tonight, basically, it's a bear den on the desk tonight. so we're going to have this conversation, because it's a good one to have when do you say you have to trade the market you have? when do you say i'm being too dogmatic about my stance and my predicts as to what is

we're live at the nasdaq market site in times square i'm melissa lee along with joe kernen becky andndrew are off today let's take a look at the futures as the cpi number is due out in about two hours' tomb. s&p looking to open at 9, dow up by just about 58 we should note markets are moving higher after the dow was up 1%. the s&p was up 0.6 nasdaq up half a percent in yesterday's session. taking a check on treasury yields, we're focused on the 2s and 10s and continuing to move under. the 10-year at 6.5% and the 2-year at 4.864% the annualized reading to fall from 5.3% to 3.1%. economists are expects a rise of 5% year on year. that's the lowest since november 2021 investors also prepares to hear speeches from many fed speakers today. >> are they still doing that at 8:30 definitely? >> what do you mean? >> releasing something different? >> i haven't heard anything different. >> i want to make sure we've been talking about it a lot. >> you want to make sure we fulfill our promise. >> xactly. friday, the s&p was 4398 so we're 4439. so i did some quick math and came up with a calculator.

i'm melissa lee alongside joe kernen we are muted looking ahead to cpi data. in the meantime, s&p looking to add seven at the open. dow looking to add 23. treasuries are quiet the 2/10 2-year moving lower. 10-year note below 4% and moving lower. let's check on oil quiet morning in the oil market. we have wti up .50%. brent up .40%. >> listening for the number tomorrow bond market and stock market is there a whisper number for cpi? i don't know if tom lee is the whisper guy. he said 2.5 core finally a break in used car. >> he said the s&p 500 in the next week. >> i don't know if you were watching i said tom had been doing this a long time. you don't make one-week calls. it is too short-term joe granville was right about the big market crash in 1981 a 28-point crash in the dow. honest a huge selloff 28 points back then. he got a big head and started dressing in a pharoah outfit he was not alllowed on our air for a while. i think he might be right about the cpi. he might be right last week. we got the narrative longer and higher that's what we got from the two jo

i'm david faber with melissa lee. we're live from post nine at the new york stock exchange.off. we're having a rally look at that, nasdaq up over 1.4% right now driven, of course, in part by meta earnings which we'll get to and a lot of other components that are happening very strong days so far. >> yep 30 minutes into the trading session. here are three movers we're watching for you, meta as david mentioned one of the top gainerson s&p 500, beating estimates, raising guidance and adding to gains on the year. we will break down the numbers chipotle headed in the opposite direction and beating system, but rising food costs and inflation warnings taking a bite there. that stock down 9% finally watch nbc universal, parent company comcast today, higher prices oversetting continued slowdown in its broadband business and subscribers for streaming service peacock doubling year on year, shares higher by 8%p. >> we have pending home sales out a few minutes ago. and diana has the numbers for us. >> pending home sales rose for the first time in june up 0.3% month to month sales were do

. >>> good wednesday morning i'm carl quintanilla with melissa lee at post nine of the new york stockri ca calvasina is with us marco papic is with us >> later on former jetblue ceo david neeleman talking some of the significant airline dlecline across the market. >> the third quarter this month of

i'm carl quintanilla with melissa lee. today, citi's ed morris on his second half outlook on crude and bearishness on brent. >> why the lack of fundamentals is a bubble waiting to burst. >> later, ben silverman on whether the amazon cost cuts should take place. >>> let's take a check of the markets. it's the yield curve that's the story in today's session the two-year yield hitting its highest levels since 2007. this is a fresh cycle high the ten-year also going up it's that spread that's of concern. it's a five-year offering another place

melissa. >> they were running around with marla maples, donald trump, they were friends with lee majors.agant trips. >> money flowing like water? >> yeah. >> gary helped pam launch an astrology website, starbabies. com. the site was designed to give parents an astrological reading about their children. it was a business pam started after her children, trevor, and lewis were born. >> what do you say trev? >> heather and brian say those new babies brought them closer to their new stepmother. >> we grew to like her and love her as a step mom. and as mother of our brother and sister. >> she was great, very sweet. and i think also being a girl, she helped me fix my hair or get some clothes. or new purses, shoes, things like that, girly stuff. >> but by the early nineties gary's fortunes had faded and his marriage to pam as well. they were done after just seven years. >> he said once, you know, i can understand, i just don't have the money that she was used to us having. >> pam moved to aspen after the divorce. and the once happy couple started fighting over just about everything. >> there was

reacting to her death, singer melissa ethridge called it a tragedy and added that o'connor was haunted all her life. rem front man michael stiep said there are no words, and jamie leea life she led. >> not just the voice but the fact that she spoke truth to power. she was not afraid to speak up for what she believed in. let's go back to that infamous moment in the '90s, i believe in 1 1992 on "saturday night live" when she ripped up the photo of pope john paul ii that you see right there, and she told "the new york times" in 2021 it was bril brilliant. i don't regret it. and so she was speaking out about, you know, the sex abuse in the catholic church and these issues long before others, and she faced widespread criticism all over the world, but i also want to talk to you guys about this really tough past year for her. we're all moms, everybody out there has a loved one, right? last year she lost one of her children to suicide, and she spoke about it on twitter. she talked even recently on a twitter account that's unverified but, you know, it appears to be her saying that she's lost her way, lost the meaning to live, and she was hospitalized after the suicide of he