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e*trade from morgan stanley. every business op de is launching theal.et. mobile made free event. with our business internet, new and existing customers can get one year of unlimited mobile for free. it's our best internet. powered by the next generation 10g network and with 99.9% reliability. plus one line of free mobile for an entire year. it's the mobile made free event-happening now. get started for just $49.99 a month. plus, ask how to get one free line of unlimited mobile. comcast business, powering possibilities. >>> welcome back to "way too early." it is 5:30 a.m. on the east coast, 2:30 out west. i'm jonathan lemire, thanks for being with us. >>> russia says that dna testing has confirmed that the head of the wagner mercenary group was on board the passenger jet that crashed near moscow last week. everyone on board was killed, yet neither u.s. intelligence or nbc news has confirmed to this point if yevgeny prigozhin was, in fact, on the plane. you certainly can't always take russia's word for it. but u.s. offic

e*trade from morgan stanley every business that's why comcast business de is launching theal.e free event. with our business internet, new and existing customers can get one year of unlimited mobile for free. it's our best internet. powered by the next generation 10g network and with 99.9% reliability. plus one line of free mobile for an entire year. it's the mobile made free event-happening now. get started for just $49.99 a month. plus, ask how to get one free line of unlimited mobile. comcast business, powering possibilities. >>> welcome back to "way too early." it's just before 5:30 a.m. on the east coast, 2:30 out west. i'm jonathan lemire. thanks for being with us. >>> the united states has approved the transfer of f-16 training materials to ukraine. it's the last step before an f-16 training program in den mark can get under way. once training is completed, the u.s. has said it will expedite approval for den mark and the netherlands to transfer some of their jets to the battlefield. since the f-16 is an american weapon, the u.s. must first approve any transfer. a spokes

e*trade from morgan stanley. every business that's why comcast business de is launching theal.rnet, new and existing customers can get one year of unlimited mobile for free. it's our best internet. powered by the next generation 10g network and with 99.9% reliability. plus one line of free mobile for an entire year. it's the mobile made free event-happening now. get started for just $49.99 a month. plus, ask how to get one free line of unlimited mobile. comcast business, powering possibilities. >>> take-two interactive missing revenue estimates and shares holding steady as investors focus on the company's outlook and some particularly bullish comments about fiscal 25 joining us is ceo strauss zelnick. welcome. nice to see you. >> thanks for having me. it's great to be here. >> so you said this on the call, your industry's been in recession for 18 months. you had this big boom during covid when everyone was home playing video games and then a big giveback where are we now >> we're stabilizing on a year-over-year basis, consoles are up, which is great, mobile is flat, maybe a lit

street investors are watching policy moves in china and here is what seth carpenter of morgan stanley is watching. >> every corner of the world has its own quirky story. i think we, for us in the u.s., there is definitely the slow down, soft landing, but the data surprising to the upside in stark contrast on the other side of the world. i'm always in conversation with my team in asia. china, we had come into this year bullish on china. first quarter was strong and now things have slowed down a great deal so the question is when do we get enough of a policy response from beijing to pull things back? >> our next guest is the managing partner and undersecretary of commerce under the obama administration. it has been a landmark week when you have the commerce secretary visiting china, but when you look at headlines, it is kind of a lot of what we have already expected, what has already been telegraphed. how sensitive is the relationship now between the u.s. and china, particularly on the heels of a flurry of moves from the chinese government to prop up their own economy? >> look, i think both sides are keenly

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every day. vishy tirupattur of morgan stanley joining us in about 20 minutes.w york city, equities negative. good morning. ♪ >> the goal of the executive order is to make sure we are limiting the ability of financial flow and the know-how to give countries of concern to get around the things we are trying to prevent them from getting access to like the most advanced semi conductors. jonathan: that country of concern is china. that was u.s. deputy treasury secretary following the executive order from the president on outbound investment into china. the president also had something to say about china at a fundraiser in the last 24 hours. he referred to communist party leaders as "bad folks" and went on to say this economy in china is a ticking time bomb, and that speaks to the data we have had out of china. whether you would go that far is up to you. the data on the loan side of things, chinese banks extending the smallest amounts of monthly loans since 2009. this going together with deflationary data, it does not look too good. lisa: it raises a question of what

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this week is the shutdown risk and michael of morgan stanley said there's a real risk and we should be watching it it should shave half a point off gdp for everyuarter it lasts >> she's talking gonvernment shutdown >> september 30th, end of the fiscal deadline. they're far apart, the senate and the house, still, on spending got to watch it. >> fitch would be, like, told you. coming up after the break, the read on retail as sara said. some of the major earnings next week, including walmart, target, tjx, depot, ross stores and more we'll talk about some of the thinking about the consumer going into that. got some media news as the writers and the studios meet again today. got some updates on musk-zuck when we come back. what if you could 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

morgan stanley? what is the thing everyone is arguing about? seth: right now, i would have to say everyits own quirky story. for us in the u.s., there's definitely the slowdown, the soft landing, but the data are surprising to the upside in stark contrast to the other side of the world. i'm always in conversation with my team in asia. china's first quarter was superstrong and things have now cooled a great deal so the question is when do we get enough of a policy response to pull things back in? those are the main topics we are debating. kailey: we have talked about china a lot in recent weeks because it seems like piecemeal things they are doing to stimulate the economy. returning to your soft landing thesis and the avoidance of recession, are we really talking about a recession entirely avoided or one that's potentially pushed off, delayed further into the future as we think about these lagged effects? seth: i think that still remains a key question. for us, we still think it's a recession avoided. that is been our view. the trough looks like it's been pushed off. we think things will

morgan stanley. ♪ (upbeat music) ♪ ( ♪♪ ) constant contact's advanced automation lets you send the right message at the right time, everyvey. joining us for more, is jj can han, ceo of -- hour away from what we're going to hear from jay powell, get his sentiment survey, personal sentiment survey. what are we seeing on this, and how is it affecting retail investors? >> andrew, yeah i guess his survey probably matters more than any other one, right? but, you know, it's interesting. a couple of the things you said about bearishness. looking at the overall indices where we have started to see bearishness, particularly last couple weeks, is in things like spy, spx, so the broad based indices that our clients are trading, q is pretty neutral. as you expect the individual names, apple, microsoft, tesla, et cetera, seeing bullish activity. the one that's really interesting to me, andrew, is google. google is seeing a 52% lift in trading over the last week, and at the same time very bullish activity. so we're measuring that not only by what we're seeing in the stock, but also with the options positions overall, and on the other

morgan stanley. ♪ (upbeat music) ♪ ( ♪♪ ) constant contact's advanced automation lets you send the right message at the right time, everyfirst 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 >>> an abundance of negative news surrounding china, seema mody joining us with more. >> good morning, scott, ceos this earnings season have been quick to point out the challenges they're facing in china. intel's ceo pat gelsinger saying the china market hasn't come back as strongly as people would have expected overall. city citi group calling china the biggest disappointment. caterpillar expecting sales in china to be below its typical 5, 10% range, and the thing here is that it hasn't been all bad news. consumer facing names like walmart seeing china sales in the second quarter increase 22% year-over-year led by strength from sam's club and e-commerce. that's not convincing, though, strategists at evercore isi who over the weekend warned clients that as the economic back tdrop wors

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