e*trade from morgan stanley that was christian bale playing michael barry in the big short he was oneors on wall street to discover americas massive housing market bubble when nearly everyone else disagreed he short of the market and made hundreds of millions of dollars on that that now he's doing it again but this time putting 1.6 billion dollars on the line in preparation for a downturn this time a u.s. stock market join me now is senior business correspondent the net lopez lynette good evening to you you know how sometimes you see people running and you don't know while you just start running with them you think there's something they're nn>> i would run away from the danger whatever it is what are people supposed to do when they see him making this move. we >> don't have 1.6 ball dollars to put to work in most people who are training in the stock market our long term investors. but what this could be is expressing's view point of what's going to happen to american economy and that is, that inflation is gonna be a little harder to fight than the stock market has been thinking for t

coming up, from michael barry, the famous investor who is one of the first to discover americas housing the big short has another massive vet. this time he's putting 1.6 billion dollars on the line -- that the stock market will crash. that is coming up in the next hour on "cnn tonight". >> start -- beach house, a treehouse, ♪ ♪ honestly i don't care ♪ find thehe perfect vacation rental for you booking.com, booking. yeah. type 2 diabetes? discover the ozempic® tri-zone. in my ozempic® tri-zone, i lowered my a1c, cv risk, and lost some weight. in studies, the majority of people reached an a1c under 7 and maintained it. ozempic® lowers the risk of major cardiovascular events such as stroke, heart attack, or death in adults also with known heart disease. and you may lose weight. adults lost up to 14 pounds. ozempic® isn't for people with type 1 diabetes. don't share needles or pens, or reuse needles. don't take ozempic® if you or your family ever had medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2, or if allergic to it. stop ozempic® and get medical help right

well, it wasn't just michael barry making moves in tech stocks. where else did you see some of the movement? yeah. and importantly, with the 13 f's, when we take a look at these movements, these are from the end of the second quarter. so it's been weeks since then. and the reason i say that is because some of the most interesting movement happened among the most high profile hedge funds, particularly in the technology world. so who are they? chase coleman for example, tiger global. there were a significant amount of sales. they had reduced its tech stakes by more than 5%. you have the same thing at maverick for lee ainslie and if you take a look at what they did in the quarter alone, they sold out of 186 stocks and they added 129. so there's a lot going on over at maverick, but the tech stakes were reduced by about 3.5%. now, remember, when you look at the entire industry, when it all global fund managers, hedge funds, sovereign wealth funds, pension funds, tech was increased quite meaningfully and so this is a bit against the grain co two as well

that's something we saw with michael barry.of puts against the nasdaq or etfs etfs that track those. and we received a letter from david einhorn where he said he had some portfolio protection and hedging, giving where things were >> a lot of information. interesting, leslie. leslie picker. >>> still to come, the retail outlook with one analyst who says buy depot ahead of more results from that space. what investors need to know, as the nasdaq 100 just about 100 points shy now of its 50-day dot vi ara n'go away. >>> welcome back i'm pippa stevens with your cnbc news update. donald trump says he will release a report on election fraud after a georgia grand jury indicted him on accusations he and his allies tried to overturn the 2020 election. on his truth social platform, he promised to share the report next monday. the fulton county district attorney in georgia gave trump and other defendants until august 25th to surrender on felony charges >>> hawaii officials say 3 of the 99 people killed in the mau wildfires have been identif

barry landed the first blow. there is no stopping those. michael to beat the odds as well as the dutch but in the second half, sam parry made the task even harder. fans feared the worst, so too the players. they needed a lifeline and the captain delivered. but their hold lasted all 91 seconds as luuk de jong had hold lasted all 91 seconds as luuk dejong had the stadium bouncing once again. psv would score a fourth before i would get even worse for rangers, an own goal to round off the night. it's a disasterfor rangers. psv had their reward and the revenge while rangers had little time to lick their wounds, it is celtic next. so rangers miss out on the champions league but will be in the tomorrow's europa league draw alongside liverpool, west ham and brighton, and maybe aberdeen if they beat bk haecken at pittodrie this evening. rangers boss michael beale says despite dropping down, the quality of teams will stsill be high. we have omitted, it, we're not going to deny being disappointed. i think we do the hardest opponent we could draw at this stage

ambassador to russia, michael mcfaul, former four star general, barry mccaffrey, and msnbc national security analyst, clint wants. josh, bring us up to speed, what's the latest? what do we know? >> reporter: what we know is coming from russian state media, which has spoken to the emergency services authority in russia, which said that this plane crashed, this private business plane between moscow and st. petersburg with three pilots on board, seven passengers. russian state media reporting that all ten of them are dead and on the passenger manifest for that flight was the name of yevgeny prigozhin. now, we don't at this point know for certain whether or not he was actually on that plane, just the fact that his name was on the list of the passengers expected to be on that flight, but certainly this is triggering a whole lot of concern and speculation about whether this might have been intentional. we know there obviously had been some major tensions between yevgeny prigozhin, the head of the wagner group and president putin, ever since that attempted insurrection by the wagner forces against

ambassador to russia, michael mcfaul, former four star general, barry mccaffrey, and msnbc national security analyst, clint wants. josh, bring us up to speed, what's the latest? what do we know? >> reporter: what we know is coming from russian state media, which has spoken to the emergency services authority in russia, which said that this plane crashed, this private business plane between moscow and st. petersburg with three pilots on board, seven

tom: that is the caution of barry eichengreen. michael mckee leading our coverage at jackson hole.about that with dana peterson with the conference board. hugely aware of the consumer and the business tone out there in america. are we over did it right now? are we up to our eyeballs in credit debt? dana: absolutely. let me look at the consumer, debt has risen to where we were pre-pandemic, delinquencies are up. sovereign debt in the u.s. is extremely elevated. interest rates are rising and that is causing debt service to rise as well. we are concerned about the sovereign situation as well as consumers heading into a seasonable they -- when they will run out of excess savings, may be laden down with student loan repayments. kailey: we've been talking about the month of september. i'm interested in october when payments resume after being on pause due to the pandemic. one economic impact will that have, given this could be a large factor in household budgets? dana: it will probably take several tenths off of gdp growth in october, will weigh on the outlook going forward. certainly, i

michael says he and his friends and many of his neighbors will continue to push against what they deem is the wrong place for a solar panel from barry wire, san angelo in west texas around here. the sun is almost always shining. the town has space, a lot of space, large solar and wind energy projects makes sense here. solar present, some really, really important advantages. not only in terms of energy production, but in terms of the economy in its growth. 3 big solar projects brought an investment of $800000000.00 into the cap for springs or back to like pickens, you know, take it somewhere in san angelo. there's a whole bunch of flat, treeless homeless land up all over the panhandle. you can put a lot of solar despite the bleak reality of ongoing and increase of the fights and legal battles between preservationist landowners and the renewable energy industry . many here on the sense of over and regulations preparation and solutions for the future. all right, and is there a motive or top business story? we're following for you a time when a semi conductor giants, yes mc has given the green lights to a new factory in germany. berlin

barry bonds welcomes former giants manager bruce bochy back to oracle park. the giants playing catchup in the fourth. michael conforto ropes it to right. bochy has the rangers ready to play. they banged out 16 hits and go onto beat the giants. your final, 9-3. the giants were one for 12. ey try to avoid the sweep sunday. >>> each count he put in fly ball to deep right center. >> the as get a 2-1 lead over the nationals. but, with a score tied in the ninth, it is a walk off solo home run. and the nats go onto beat the as , the final 3-2. the niners kick off their preseason tomorrow in las vegas. trey lance will start in the center while brock perdy is taking the afternoon off. sam darnold in the second half. lance and darnold are in a battle for the backup job. as for purdy, still up in the air. >> i think, get to that point. eventually. i don't think there is a necessity to do it this week or anything like that. so getting my 11 on 11 at practice. getting my timing and everything out the receivers as a whole. >> all right, the 49ers take on the raiders tomorrow at 1:00 p.m. in los angeles. that's a look at s

to shop these deals scans a code or go goodmorningamerica.com and michael talking about the successful sports betters, barryd, finding solutions. this is abc seven news. >> good morning, everyone. i'm gina fortson from abc seven mornings. let's get over to sue hall for a look at traffic. hi sue. >> good morning. and better news with earlier sig alert in richmond and we will get back to that as soon as we show you the non backup at the bay bridge. there's an improvement on your drive times because yes, as i mentioned, that accident west 80 at coleman has finally, after about 2.5 hours, been cleared and the backup is starting starting to diminish. you've got a little recovery to go, jobina. >> thankousue spencer, christian has your accuweather forecast featuring fresh artisan bread piled high with tender roast beef, smothered with melty provolone cheese, just enough chipotle mayo and served with hot au jus for dipping. try the roast beef or pastrami french dips today. only at togo's. >> it's going to be a mild to warm day friday here in the bay area with high temperatures ranging from mid to upper 60s at the

barry. how are you? oh, michael parkinson. you know barry , we parkinson.match. >> and what was the mood amongst the terraces and the fans? what people saying to you about hockey ? hockey? >> well, we're not the matches tomorrow, actually, so i don't know where that that's come from . there will probably be a minute's silence tomorrow before the match at barnsley . the match at barnsley. >> what are people saying in the community, in the barnsley community, in the barnsley community about porky to you ? community about porky to you? >> well, they all think the same. i mean , the people of my same. i mean, the people of my age , of course, remember him age, of course, remember him through his career, through the bouncy chronicle, the manchester guardian . you know, they just guardian. you know, they just remember him all his life. and the fact that it was from a village and he never, ever forgot that it it was just a good person to meet and speak to. >> yeah. he was the son and the grandson of a miner didn't go down the pit himself and went with two o—levels

generation texan, i'm use my home, michael says he and his friends, and many of his neighbors will continue to push against what they deem is the wrong place for a solar panel form barry wire san angelo in the west texas around here. the sun is almost always shining. the town has space a lot of space. large solar and wind energy projects makes sense here. solar present, some really, really important advantages. not only in terms of energy production, but in terms where i'm of the economy in its growth. 3 big solar projects brought an investment of $800000000.00 into the account. which brings us back to like pickens, you know, take it somewhere in san angelo. there's a whole bunch of flat, treeless homeless land up all over the panhandle. you can put a lot of solar despite the bleak reality of ongoing and increase of the fights and legal battles between preservationist landowners and the renewable energy industry . many here, sensible and regulation, preparation and solutions for the future. the tensions between china and the united states are now drawing in the philippines. the chinese embassy in manila is accused washington of stirring up trouble in the dispute itsel

barrie. yeah you can't help but think if only or you know, or what if , however. what if, however. >> michaelyou and heanng fascinating talking to you and hearing those stories. thank you so much for being with us. >> that was excellent. >> that was excellent. >> it's my great pleasure. >> it's my great pleasure. >> oh yeah . >> oh yeah. >> oh yeah. >> i don't want to stop. >> i don't want to stop. >> does make you but does >> it does make you but it does doesn't makes think, oh, >> it does make you but it does doesrif. makes think, oh, what if. >> yeah, it does. and it brings back memories. does. now back sad memories. it does. now rest in peace. diner. >> absolutely. 723, >> yeah, absolutely. at 723, we'll take a short break. a brighter outlook with boxt solar proud sponsors of weather on . gb proud sponsors of weather on. gb news good morning. >> my name is rachel ayers and welcome to your latest gb news weather forecast brought to you by the met office. well, today will be a more of a day of sunshine and showers with lighter winds around what lighter winds around than what we yesterday .

barry white's estate. but it's brilliant. so this is an example of for me, when it goes great. yeah. but i remember george michaelord label. and why wouldn't you, when you get the opportunity and all of a sudden part of it is your part and parcel of it is your voice at perpetu city? yeah, at infinitum . um, or your image at infinitum. um, or your image at infinitum. um, or your image at infinitum. and we can create any sort of monstrosities with your image and your voice . yeah. and image and your voice. yeah. and i mean they were saying like i think for that crooner, elizabeth taylor and elizabeth taylor and i don't know . taylor and i don't know. >> oh, come on. he's a famous , famous. >> he's so famous. richard richard burton . richard. richard burton. richard. >> oh, right. >> oh, right. >> yeah. okay. so richard burton, he's going to be doing some sort of rapping with somebody. well i'm not what somebody. well i'm not sure what richard burton do. rapping richard burton would do. rapping with know, so with somebody. no. you know, so it's another one of those things . i would love this if it was led by the art