the nasdaq just over a full %. the dow jones of about 2/10 of a % as you can see, about 45 points coming off the back of a couple of strong days of numbers. the s&p and nasdaq backup and both up strongly for the month as a whole. the dow jones up about 5% and the s&p up about 7.5%. the nasdaq up 10%, so far, this month. continuing to pull back yesterday, 2.65. the five-year, 2.7%. oil prices rebounding this week and set to break what was a three-week losing streak for wti still under $100 but has gained 3.5%. 98.5 for wti. we have seen energy prices pullback and the energy sector so far this week. there is an opec meeting next week to keep an eye on the headlines. as to whether this momentum can continue. >>> now to your big-money movers, apple expecting continued growth in the fourth quarter display despite inflation. let's talk. good morning to you, scott. are you pretty impressed with the iphone quarterly results? >> reporter: i think this is kind of a sigh of relief quarter. it seems like, for apple. you are ri

tesla, amazon, meta, apple, nvidia weighing on the nasdaq.ll caps down almost 2% as well and the dollar continues its march higher there are the laggers right now on the nasdaq. the chinese internet names getting hi

technology and the nasdaq doing quite well up almost 2% on the day.a huge earnings winner and that has been the story of the month where we are going out with our best po of the year for july best month since back of in 2020er not srp an the nasdaq that is it for me. we'll send it into "overtime" with jon. >> i'm jon fortt in for scott wapner and we're just getting started and we begin with our talk of the tape the big july jolt. a monster month with the s&p rallying more than 9%. that is the biggest gain since november of 2020 so as we head into august, it is on even bigger breakout building or was july just a bear bounce let's ask greg branch, founder of financial group and

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the nasdaq closed at 4%. of course that surge yesterday did come on the heels of the fed, which struck a somewhat dovish tone in its guidance with a full 75 basis points as it did at the last meeting. here is what fed chairman jay powell said at his last news conference. >> as i said in september, another large increase could be appropriate, but that is not a decision we are making now. that is one we will make based on the data we see, and we make decisions meeting by meeting. we think it's time to just go to a meeting by meeting basis, and not provide any other kind of clear guidance that we had provided on the way to neutral. >>> checking the bull market now ahead of the second quarter gdp print we are going to get today, the 10 year is down to below 2.8%, again, whilst the two-year is close to 3%, third year just above 3% as well. crude is still on pace for its worst month since november 2021, but the hike yesterday didn't derail those commodities with both oil and gold up there pretty comfortably, 2% now

at the top of the hour the nasdaq was about 1% lower.ng a nice move higher treasury yields have been higher as well, still well below that 3% level as we go into the close, the nasdaq down 0.4, s&p off a tenth. that's it for me on "closing bell." see you tomorrow into "overtime" with scott wapner >>> all right, sara, thank you very much. welcome, everybody, to "overtime. i'm scott wapner you just heard the bells we're just getting started i'll speak exclusively with nancy davis on what's in store with volatility this week given all that lies ahead, including a market moving fed meeting, the important earnings reports we've been telling you about speaking of, nxp's numbers are imminent jim lebentha

. >>> tech shares driving the nasdaq higher today but the dow is in and out of the red as we head to the close. the most important hour of trading starts now welcome to "closing bell." take a look at where we stand in the market building on strong gains, the s&p up half a percent. you have consumer discretionary energy and financials. those are all the groups in the green. what's lagging today utility, health care and consumer staples it's flat now. check out the top performers which once again is driving the gains and that is despite higher treasury yields and a stronger dollar today look at netflix driving the whole movie theater and media groups higher at the top of the market software names are doing well. the high flyers which have gotten absolutely slammed in the bear market is up 5% thanks to coin base, unity and shopify all up double digits right now coming up on the show two key players in the battle over funding for semiconductors, we will speak exclusively to micron ceo who has been in washington this week as we speak meeting with lawmakers about the needs for chips act fu

nasdaq down 70 points.ming off a big jump from the nasdaq on thursday nasdaq rising more than 2% you had very good breadth. 84 of the nasdaq 100 moved higher futures are negative, but starting to turn a bit >>> good news on this opportunity friday as we like to call it. even with earnings season, the quiet period approaching, we have insider buying for one more week of data for a few weeks highlighted the top five stocks bought the most by the c suite level executives with their own money. the info comes from verity data. the fifth most insider buy rocket company ceo buying $398,000 of tock. stock four, keurig/dr. pepper. chief buying $466,000 of that stock. the third? macerich buying $525,000 worth of the real estate company. his first buy in more than two years. the top two insider buys over $1 million each stock two is nextera energy. ceo buying over $1 million of the power producer verity notes he had been a seller of the stock. a reversal in sentiment on nextera. the most insider buy this week john rog

we talked about how nasdaq can help with liquidity pre-ipo.sue that's getting more important is what are you doing around esg disclosures? the sec proposed rules around climate disclosures. we are advocating on their behalf to make sure the new regulations are reasonable. we are looking into the commercially viable options to help companies with new recording -- reporting requirements. we completed the acquisition of an esg platform that's going to help companies accelerate the way they report nonfinancial metrics. caroline: when you think of esg, the move nasdaq was making to ensure thinking about diversity, how is that conversation going? how much are investors caring about that at the moment? jeff: one of the hallmarks is to have great corporate governance standards. we introduced a disclosure rule around board diversity. we think it is critically important. we have seen a great response in terms of companies and investors. there is a lot of work that is going into human capital management, how they are thinking about that during this chall

we are looking at a mixed story nasdaq continues to move higher the nasdaq is up 30 points writenow continued dow industrials down 44 and the s&p 500 just turn positive up a quarter-point writenow after stocks finished higher yesterday and continue this july rally yesterday at the close the dow industrials were up 47 in the nasdaq was up 1.5% 184-point higher yesterday and the s&p higher by 23. on wall street the dow and s&p 500 up for several sessions three out of four sessions in growth and big tech lead the way take a look at the markets in july dow industrials up. half percent, the nasdaq up 8% and the s&p 500 higher by four and two thirds% throughout the month of july another week train for the marketed economy for 2022. european markets look like this we are waiting on the ecb meeting this morning news this morning that the italian prime minister mario draghi has tendered his resignation failing to get support from italian lawmakers the ecb is going to be raising interest rates today for the first time in over a decade to combat high inflation we will hear from christine at 8:30 a.m. ea

the nsa nasdaq is back.guest warns the comeback is on borrowed time and believes the best place to invest is halfway around the world. dan, china is the only place you're constructive on. >> well, hey, melissa, i don't know if that's the way to put. it we've been seeing some pretty good opportunities. in this environment where profits are, that's near the market. we've been very positive on but if you lock for things that are bucking the trend, things with a lot of positive upsite from here, china sits in that camp. if you think about our process, which is about profits, it's almost the polar opposite. yes. sentiments are bad. you see the first signs there may be signs of bottoming, which is critical and that's the opposite of what you're seeing. >> if we think there's going to be a recession, are we still positive on china? i'm hinking about the u.s. and europe. >> absolutely, melissa, if we're in a global slowdown, this is not the time to put pedal to the metal. this is the time you want to be prudent, tak

the nasdaq 100 here in blue. you pretty much retraced all the increase in the forward multiple going back to the pandemic, so we're in this sort of 2018-'19 range of how the nasdaq 100 was valued semis has been the most drastic in orange there. the s&p 500, obviously there's damage all over the place. stocks like intel bringing down the valuation. software was the big outlier, and was the focus of the spending microsoft and adobe, salesforce, that's where you're seeing specific readings. >> let's look ahead to tech's second half. our next guest says it could get worse for both private and public companies, especially for those not showing profitability or a clear path to it. we have sanjay punin we were just talking about andy jassy's first year at amazon, so maybe within the context of that to start the biggest risky keep thinking about in the second half is that the consumer runs out of gas, almost literally debt rising, sales dropping, prices stubbornly high when do we see weahether tech is getting influenced

the leader was up by 2.75, and the nasdaq up by 3.1%. we take a look lately how far we are off the record highs dow is off by 13.9%. the s&p by 18.3% and the nasdaq, 27.8%. but here's something we haven't done in a while. that's take a look at how far we've bounced back from the lows the dow is now up 6% more than the low set a month ago. s&p is up 7.4%, and the nasdaq is up by 10% this is a very quick move. the ross 2,000 is up there were only five stocks in the s&p 500 that were down two were reported. the earnings are reporting the huge rise in the dow >> nothing happened on friday either minus 200 from monday. one person points out, the s&p 500 has never lost ground over the following year when advancing volume was 87% or more of total volume for two out of three days i mean, that was weird. >> that was bad. >> yeah. friday and yesterday, those were big moves. >> big moves, but on a volume basis, do you think it's enough? >> here's the thing. >> in the midst of -- >> i can argue both sides. number one, we've been wondering whether yo

s&p 500 nasdaq calms down.street is buzzing about kanye west again reportedly taking a big step building his retail empire details straight ahead >>> then wednesday, join on the evolve global summit featuring an interview with the ceo of chevron, mike worth. super interesting right now as we have seen oil prices fluctuate and the energy companies which sold off pretty hard last week you can register for the event c c cnbcevents.com we'll be right back. finding the perfect project manager isn't easy. but, at upwork, we found him. he's in adelaide between his daily lunch delivery and an 8:15 call with san francisco. and you can find him, and millions of other talented pros, right now on upwork.com i had no idea investing regularly could add up this much! ♪♪ go to investor.gov today to learn about compound interest and other valuable investment information. before you invest, investor.gov. ♪ ♪ well would you look at that? ♪ ♪ jerry, you've got to see this. seen it. trust me, after 15 walks it gets a little old. i

the nasdaq has been positive for much of the afternoon now.ack we've seen, down more than 740 at the low of the day. when i came in this morning, i actually thought it was going to be an up day because there was a high-level discussion between treasury secretary yellen and the vice premier in china, and some reports that the biden administration is looking at getting rid of the tariffs on more than $300 billion of chinese goods. isn't that something that the market would like? isn't that bullish and then the european recession concerns seemed to overshadow everything. >> yeah, this is something where the market has evolved a little bit, sara. i would have said eight years ago the market has table pounding free traders. they really hated the tariffs that were being put on china and then that view evolved over the trump administration to the point where there are now people that buy the argument that we, using the semiconductor example, need to defend and need to bring some business back to the u.s. so i would agree with you that reducing tariff

nasdaq is up for the month of july. take a look, nasdaq up almost 10% just in july. the s&p 500 higher by 5 and two third percent and dow industrials higher by 4% this month. this morning european markets are higher after the european central bank raised interest rates for the first time in a decade yesterday and, of course, major leadership changes taking place across europe. droghi is out and johnson is out. cac up 20 points and dax index higher by 36, in asia markets were mixed. south korea was the biggest loser down better than half of a percent, shanghai composite lower as well. mornings with maria live right now. >> well, new york gubernatorial candidate lee zeldon at a campaign rally, the suspect already back on the streets thanks to new york laxed laws. approaches thes and begins swinging sharp weapon near zeldon's neck. there's only one -- that's the same group previously offered cash payments for any tips on the locations of supreme court justices. joining the conversation senior department christian whiton and king's college professor brian brenberg. gentl

the dow is up 150, nasdaq up 263. sherwin-williams is up.ld be double digits, lower their full-year profit guidance and they said they -- things are bad and raising prices again in the us, effective in september, they sell the emerald designer addition paint and guess how much 1 gallon cost? $95 for a gallon of fancy pain. stuart: what the market is saying is sherwin-williams does not have pricing power. the market rewards companies which have pricing power but taken away from those that don't have pricing power. lauren: that would be accurate. stuart: what about hess, the energy people? lauren: the negative is what investors are focusing on. they lower their production output for the year, that overshadowed the positive, 9 fold increase, adjusted profit because oil prices rose so much in the quarter. and garman is down 8%, cutting guidance for the year, they need the strong us dollar, i didn't know that, a wearable watch, i did not know that and that is their worst performer, the revenue fell by 34%. that is why they put up a bad report car

the nasdaq up 10% for the month. european markets this morning are also higher, take a look at the eurozone right now. the ft 100 in london right now is showing a gain of 28, the cac is up 87 and the dax index higher by 124. in asia overnight markets finished mostly lower, take a look at the indices in asia. president biden and xi jinping spent two hours on the phone yesterday but joe biden failed to bring up the origins of covid or the production and distribution of fentanyl in america. instead, xi lectured biden, threatening the west about playing with fire if nancy pelosi goes forward with her trip to taiwan next month. the two discussed meeting in person for their next meeting, we're on it all morning long. "mornings with maria" is live right now. ♪ everybody's working for the weekend. ♪ everybody wants a new romance. ♪ everybody's going off the deep end. maria: the biden administration is refusing to admit what we all see in plain sight that we are in a recession right now. they are sparking a national he debate

down 200 on the dow and the nasdaq is back in the red. shares of climate investment company hannon armstrong in the green after falling nearly 20% on tuesday after muddy waters published a short report targeting the company titled esg is for exaggerating, scamming and grifting muddy waters coufounder carson block joined us tuesday to make his case last night hannon armstrong released a response that sets the record straight and the ceo joins us now first on cnbc jeff, thank you for joining us with your side of the story. so what exactly does muddy waters have wrong in this report about your company >> well, let me get to that but let me first for the audience just explain what it is we do. we are an investor of capital in the physical assets that reduce carbon, wind projects, solar projects and energy efficiency we get repaid when those projects produce energy or when they save energy our investment thesis will make returns investing on the right side of the climate change line. we do this with the best energy and infrastructure companies

good call on the nasdaq turning green.gher. >> let's see where we are at-the end of the day i sold nvidia on may 12th. went higher. now lower from where i sold. i think what's important is putting the word quality in front of dwroegt growth valuation is contracted over 55%. now trades at above 45 times nvidia is near its highs i'm going to reenter my position in nvidia. over to you. >> yeah. jepq it is a strategy that wooi buys the basket of nasdaq stock and it's run by the same team that runs jeffy and right now, with the increased volatility in the nasdaq, the 30-day yield is a little over 15%. you get growth and income at the same time. >> john. >> carnival cruise lines and norwegian cruise lines i bought both. >> josh. >> these are dividend aristocrats. they own an index and basically they've been raising the dividends every year for 25 years. there aren't a lot of companies that make the list but these are tip the tapes of stooks i think you can get through and befine >> the exchange with kelly evans begins right now

nasdaq down about 66 points.looking to open down a little over 11 points down let's show you treasury yields as well. you're looking right thousand at t now at th ten-year oil right now, wti crude, can you buy it by the barrel, $95.02 and finally, we've been talking about crypto all morning and you're looking at bitcoin at $23,500. it's moved up just a bit >>> american express just reporting its quarterly numbers, and they're strong numbers en earnings came in at $2.57 a share. the revenue topped forecasts and the results getting a big boost from record spending by card members has come in large part because of a rebound in travel and entertainment. they're raising their 2022 revenue growth sfrom 23% to 25%. member spending m in the second quarter was up 30% just a rebound in global travel. entertainment spending that's out there. delinquencies near historical lows that tells you maybe about the type of card member they have, probably a higher-end card member no delinquencies on these things and really strong spe

look at the nasdaq today. pay attention to the nasdaq. it's up 10 percent in july.ading day of july is today. where will we end up? that's quite a rally. coming up, president biden repeatedly knowing his son hunter's -- knowing about his son hunter's overseas business dealing. watch this again, please. >> mr. vice president, how many times have you ever spoken to coyour son about his overseas business dealings? >> i have never spoken to my son about his overseas business dealings. i have never discussed with my son or my brother or anyone else anything having to do with their businesses. stuart: well, it turns out the president met with at least 14 of hunter's business associates while he was vice president. congressman jim jordan will take that apart in a moment. >>> miami just voted to reduce the property tax rate to the lowest level on record. the mayor of miami, francis suarez, says now is the time to give taxpayers a break. he's on the show next. ♪ miami, every day like a mardi gras. ♪ everybody party all day. ♪ no work, all play, okay? ♪♪ [whistling] when you

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as i said, the nasdaq is kicking on the cusp of 12k >> yeah. the nasdaq has had a furious, very fast rally off the low and is still in a down trend, is still very far below it's 200 day. and the reason why that's important is because the market psychology in a down trending market produce as different effect than what you had, for example, in 2017, in 2019, in 2021 and most of 2020. it's a completely different thing when you have a market in a statistical down trend and the way that people act is really what dictates price. so that's why we talk about technicals so much if you've been on the right side of the technicals this year, you're looking at this huge rally off the low in growth names and it's well deserved because stocks don't go straight up or straight down. it's not normal to have a market environment where every day is the same so everything that's happening right now is well within what we've seen historically in down trending markets and the last thing i would point to is the vix. did anyone forget the sure-fire way to trade, seven

the nasdaq 1006.5% over the last month, ark's up 13%. apple's up 15% >> yeah. >> that one's got everybody's attention too, right it dipped below 130, and then it started to make a comeback, and now we're like, wow, okay. maybe we've got something to work with here. >> i think what's positive about that and in my response to bryn would be this, we've also during that period, we've priced in, i believe, at least a shallow recession. i think that's priced into the market we've priced in that earnings are going to contract, so those are two good conditions that the market resiliently has -- >> but you think that the market's fully priced in the amount of contraction you may ultimately get from earnings >> priced -- the market has priced in without question a shallow recession. i think the market has priced in a shallow contraction in earnings i'll acknowledge something much deeper is not priced in, but i don't think you could expect that right now >> serat, what's your view >> i agree with joe. i mean, the market is pricing in what he would

stuart: small drop for the nasdaq.what we have for you coming up: president biden tested positive for covid, but the white house says it's not important to know where he caught it. roll tape. >> [inaudible] >> i don't think that, that matters, right? i think what matters is we prepared for this moment. stuart: well, in the past week the president has been to massachusetts, he's met ukraine's first lady, he's been to saudi arabia, and he's met european leaders. what about some contact tracing there? if might be difficult, i'd say. >>> and then there's this: the two men accused of asking 150,000 deadly fentanyl pills skipped court. they were released on a cashless bail last month. congressman ken buck-a lot to say about that. -- will have a lot to say about that. he's on the show later. and who will be the democrat nominee in 2024? liz peek says it will not be joe biden. we'll be back. ♪ ♪ yeah, yeah, yeah, this is my house. ♪ these are my people ♪♪ in this market, you'll find fisher investments is different than other m

nasdaq down not much.rats' spending deal which includes nearly $400 billion for climate provisions. there is, indeed, also a provision for $30 billion worth of subsidies for solar panel and wind turbines. that's why the solar stocks are all up so much. electric truckmaker rivian cutting 6% of work force. i thought that was going to be a problem for the stock. they're having a hard time raising money, right? lauren: well, and the ceo says global capital markets are extremely tight right now. so if you don't have anyone that wants to lend to you, you need to save any cash that you have. stuart: right. lauren: how do you do that? you cut cost. so they're cutting about 6% of their 14,000 work force. they're also trying to make production targets, they're behind, and open another factory to make cheaper rivians. they want to do that in georgia. all this costs money. stuart: yeah. but they also will get the $7,500 tax credit for buying an electric vehicle. i know there are income restraints on that. lauren: and

nasdaq by about 3. as we mentioned the volatile session yesterday. s&p 500 rallying back in the final hour of trading to finish the session up 0.2% tesla the big winner yesterday industrials showed strength. pandemic darling stongs like zoom and dock you sign treasury yields, of course, that helped these growth stocks pull back the ten-year yield, 2811, but the real focus is something we highlighted yesterday with the yield curve invufrmgts we were on the precipice of that inversion. we're fulling into that inversion at 2.838%. so flashing that dreaded warning sign, joe. >> and as people that work together, do we -- you know, we are together before the show, you know people getting makeup. it's early, but we do talk and we talk about a lot. i mentioned that yesterday -- i mean it got a little hairy at one point. it was like, here we are here we are again after a terrible first half of the year. said,wow let's check the vix out. if you want 40, it's not happening. >> a capitulation. the vix hasn't spiked. all those sort of kacapitulatory signs, they h

came back pretty strongly by the close, especially the nasdaq.of thing today, but i can tell you this, we will open on the downside. 11% producer price inflation is not good news. it threatens a recession. the fed may be hiking rates bigtime. we're going down, and here is the market as it just opened. dow industrial average down, let's see now, we're open now, 500 points, 400 points, 450, down 1.5% right there. that's from the opening bell. can you show me the dow 30? almost all of them in the red just like yesterday, almost every single one of them that's opened so far is in the red. dow down 1.5%. down 1.33% on the s&p 500, that is a 50-point loss. as for the nasdaq, down three-quarter withs of 1 percent -- 1%, down much less than the dow. here's big tech. there's a couple of winners. amazon is up 55 cents, but apple is down to 144, meta, 162. microsoft holding right at 250. bank earnings started this morning. my judgment is that they don't look great. two on your screen. susan's here -- [laughter] go ahead. susan: stock prices telling you they

the nasdaq going positive again.a trading on twitter news prospects, on deal prospects, or something else >> i think there was an initiation today of the stock with some favorable fundamental views on it. that might have been one catalyst i think it would be a net beneficiary psychologically if, in fact, elon musk were not going to be buying twitter it's not, to me, trading mostly day-to-day on all of that stuff. there's been some revival in the large secular growth stocks and i think that got a boost >> helping the nasdaq, helping the consumer discretionary thank you. we'll leave it there two minutes to go in the trading session. the dow down 155 in the middle of the wide range. what are you seeing in the internals? >> kind of mixed on the inside not much of a washout day even at the lows and you have slightly more advancing than declining volume did want to take a look at the dynamic between the gasoline refiner, a very gasoline sensitive consumer name. you see they've come right back together that's a six-month ch

i'm sara eisen take a look at where we stand in the market the nasdaq adding another percent. it's up 5% this week heading into a friday. s&p up half a percent. the losers, energy, because oil prices are down today. communication services, at&t's a big part of that story, consumer staples and utilities. check out the top performing s&p 500 sectors. you've got consumer discretionary, thank you, tesla, with a 10% gain off earnings driving that sector to the top of the market but it is earnings driven in the technology sector, a lot of the chip stocks, software stocks and mega cap tech are all working today. >>> coming up on the show we will talk to the ceo of sap, which is moving lower today on the back of earnings it's a great day to have him as the ecb hikes rates more than expected and europe faces an uncertain economic future and energy crisis. >>> plus snap gearing up for earnings after the bell. the stock fell sharply after a profit warning in may. we'll talk to an analyst who says this might be your time to buy. >>> we'll start with the ecb rate hike. it's the first time

the nasdaq is positive by half a percent. we're 3 o00 points off the lows.ll getting crushed though oil is trading down almost 10% it was not only below $100 a barrel a moment ago, below 98 this is some of the worst interday drops we've seen since march. for now, hugging the $101 a barrel mark. exxon and chevron are down and they're the best performers in the energy kbrup group this is not just an oil story. stocks are economically sensitive. more of a copper play. down 7.5%. as copper itself is falling to its lowest level in about a year and a half a bright spot are the travel stocks travel and cruise lines are helping the consumer discretionary sector turn higher we have norwegian and carnival up 8%. and we'll have more on this in just a moment. some of the ecommerce names doing well roblox is up 13% today etsy, bumble and chewy posting nice gains as well >> thank you, kelly. >>> police in highland park, illinois, say they may be ready to file charges today against the 21-year-old man in custody in connection with the july fourgtd parade shooting that kill

the nasdaq up by more than 1%. joining us now is solita marcelli, chief investment officer at ubs global wealth management. i want your view on the following. is this something you want to chase or fade? solita: this is not something i want to chase. the market has seen earnings that are not as bad as feared, and perceives the fed to be dovish because their data is coming a little bit softer. i don't think the fed is pivoting here, i don't think the market is pivoting. there is a long way to go. in the short-term it is going to be choppy. i think we are going to see some of these gains taking out -- taken out. i would not be chasing it, however, if you put your long-term investor lanes on, and it is still a great time to invest. it is just that the next six months is going to be quite volatile. lisa: after this earnings season is over what you looking at as the catalyst for the declines you are talking about? solita: first of all in this earnings season we heard a lot of talk of recession but we have not seen any i

the nasdaq, 142 points.bout that could move all of this around. >>> including exxon mobil. chevron beating expectations and the same story with exxon mobil. the company came in with another earnings. $17.85 billion in earnings. if you break that down on and earnings per share basis, it was $4.21 a share. on the revenue line, it looks like it did miss the number or the expectation on the revenue line. it looks like revenue came in at $115.68 billion. looking for $113.7 billion but analyst putting in an estimate for revenue rather than earnings. earnings is what we normally focus on. they also talked about how they are spending capitol investments. capex was $9.5 billion and they say they are on track for capex numbers. when they were looking through some of these things, they talk about new lower in mission initiatives, carbon capture and storage business. what happened with this? darren woods is saying in this release, the ceo, saying that the quarter reflects what they are calling fundamentals and the inves

and from a technical standpoint, when you take a look, look at the nasdaq 100, the nasdaq, even the s&p. we're hitting higher highs and higher lows recently, and that may be the signal that we're starting to turn around. but i think we're going to go back and test and have possibly another higher row -- higher low. ashley: another higher low. all right, thomas, come in. we have microsoft next week, apple. what are you expecting there, and what do you think about tech sector which has been the leader for so long for these markets until these recent times? could they be a leader again? >> i think they could, arleigh -- ashley. i think expectations are very low. if we look at the bank of america global fund managers' survey week, cash levels are the highest since 9/11 and the great financial crisis, recession fears are the highest since april of 2020. and before that, march of 2009. both of those were areas where the stock market bottomed and had multiyear rallies. so we like tech here. expectations are very low. goldman came out after snap and said this may have been been idiosyncratic.

we're focused on the nasdaq a lot. liz, i want you to assess kind of what's at stake this week cpi wednesday, earnings from the banks, dow's about 5% up from the june lows, s&p 6%, nasdaq 8% as is the nasdaq 100 >> i think what's at stake this week is last week's rally, and we had this brief reprieve in the face of all of these headwinds where the concern was then we might be going into a recession. we might get a fed that's not as aggressive then we got to the end of the week, jobs numbers were great, and we decided again that the fed is still on course now this week we're back to the rate story we're going to continue to see volatility until we get some of these heavy hitters towards the end of the month and until we get confirmation that earnings is better than we thought or that ceos start to guide down, which i think they're going to do, and we're going to continue to see pressure there. >> hard to overstate what's at stake, right i mean, the cpi, earnings, cpi's could be more front and center, just given what the

leading today's rally in fact the dow is negative while the nasdaq is up 1.5%.e to be one of our guests says yes as long as it is resilient tech what he is buying and what he is not. plus europe's energy crisis, countries are now being asked to ration nat gas we're live on the ground in germany for the latest and whether it could happen here next and tesla, united airlines and

nasdaq down 2% nasdaq breaking a six-day win streak s&p had a five-day streak. that was broken on monday. in the bond market, 10-year treasury just back below 3% we talked about the bond and big moves this year. bond yields are back to where they were two and a half months ago. overall, we had the super sharp move the first half of the year or first half of the first half -- first quarter, he said, he took math there we go. in the last two months, bond yields haven't moved oil has moved. still very tight market there for u.s. oil maybe the biggest market story right now, we don't talk about currencies this may be the biggest story today. the u.s. dollar. it hit 1 to 1 with the euro earlier this morning we call that parity. it has not done that in 20 years. this has a lot to do, by the way, with the story we have been talkin talking about on the show. the european energy crisis those costs making people think that europe will fall into a deep recession that is setting the value of the currency lower and also has to do with the central banks and interest rates eit

nasdaq up 117, s&p up 24. the dow up 47 we're coming right back.ways remember buying your first car. and buying your starter home. or whatever this is. but the things that last a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. we believe that your investments should work harder for the future you imagine. and that's where our strategic investing approach can help. t. rowe price. invest with confidence. t. rowe price. finding my way forward with node-positive breast cancer felt overwhelming at times. but i never just found my way, i made it. so when i finished active therapy, i kept moving forward and did everything i could to protect myself from recurrence. verzenio is the first treatment in over 15 years to reduce the risk of recurrence for adults with hr-positive, her2-negative, node-positive, early breast cancer with a high chance of returning, as determined by your doctor when added to hormone therapy. hormone therapy works outside the cell while verzenio works inside to help stop the growth of c

dow is down 570 can nasdaq down one hundred 70, nasdaq has come back a little bit, it was down 200, nowdead, 30 injured after a shooter opened fire ida july 4th parade in highland park, illinois. the shooter is in custody. do we know emotive at this point? >> we don't, but we expect an update from police in the next couple of hours. we do know two of the six people who lost their lives in yesterday's horrific attack. one of them is jackie sondheim, a preschool teacher at local synagogue, the synagogue confirmed her death on its website. the family of nicholas toledo identified grandfather visiting from mexico. 30 other people were hurt, victims ranging in age from 8 to 85. police say the gunman opened fire from the roof of a downtown business just after 10:00 at highland park's fourth of july parade, climbed up on an unsecured latter attached to the building, the mayor of highland park told the today show the suspect legally obtained the gun used in the shooting. people who were there at the time including parents and young children ran for their lives as gunshots rang out. >> started s

these two stocks represent 10% of the s&p's market cap and 17% of the nasdaq 100.oth names are down 2% to 3% today and 25% this year. cloud growth and currency headwinds a factor for microsoft. any possible weakness in pc and hardware sales, we're watching for a consumer gauge as for alphabet, it's all about online ad snapping after snap's disaster, also about the cloud and competition from tiktok. here to make sense of it all and tell us where she places her bets, danielle she is with options trading. before we get into this, you were right in your sort of bearishness about earnings season when we spoke just a couple of days ago. >> thanks, kelly looking at earnings season overall, land mines, executives all over the place noting so many issues. i think it's going to continue to weigh heavily on this market. >> what about microsoft and alphabet, and i don't want to, you know, skip too much ahead to the ending here, but one of these names you're more positive on than the other? >> absolutely. so, you know, i love microsoft microsoft is one of my favorite long-term

i'm courtney reagan in tonight's -- we are fast money life from the nasdaq market. tim seymour, jeff mills, and julie beale of kayne anderson rudnick, thank you for joining us here tonight. we start with what has become a rare phenomenon for the market this year. and ever elusive weekly gain for the s&p. the benchmark index fell slightly today, but it has still posted a gain of nearly 2% for the week. the dow is also down slightly, but the nasdaq managed to rise for a fifth straight day, his longest win streak since november. all this after the juno report showed the economy added more jobs than expect last month, but the real test could come next week when the second quarter earnings season kicks off in earnest. big banks like j.p. morgan, also delta, pepsi, and some of the names on the calendar. we have a big week ahead. how are your positions going into the week? >> i am still defensive. honestly, this week surprised me quite a bit because. about it a bit last show, yesterday. really for me nothing has changed and understand how the employment number says okay, m

the nasdaq up a third of 1%. nothing like we've seen earlier in the week but up almost 5% this week, 4.75% about 2.25% for the s&p 500. we'll see whether the market can continue to rally. we've got a big lineup of economic and market experts to help break down the action, including mark zmandy, ken rogoff, roger ferguson and pat grady. time for today's market dashboard, though, which is where we start mike, what are you watching in the wake of the jobs report? >> just what you say about the possible five-day win streak which also shows a little bit of a different character of the market if you look at the five-day, look here, you've had a morning dip or overnight dip so weakness early and then a rally to finish relatively strong every single day this week it also by the way goes back to last friday. so it tells me if nothing else that big investors came into the quarter somewhat lightly invested, somewhat defensively positioned after a very bad six-month stretch for the markets and needed to add exposure if the m

the nasdaq was the big winner. stocks there up by more than 4 , and that broke a three-day losing streak by the nasdaq with its best performance since april 2020. of course all of this came as it looked like the fed was taking a slightly more dovish stance. we will see what comes and talk about that more in just a moment. you should see the reaction in the treasury market, where treasury yields have been weaker than we have seen for quite some time. 10 year right now is trading below 2.8% i guess on the expectation that may be the fed will continue to raise rates quite as rapidly. two-year is trading at 7.9 percent, so it is just below 3% as well. >> let's talk about that. facebook's parent company meta said they are expecting a drop in revenue following a surprisingly weak forecast for the current quarter that follows a drop off in demand for digital ads. ceo mark zuckerberg addressing the advertising demand issue. >> we seem to have entered an economic downturn that will have a broad impact on the digital adverti

nasdaq implied lower 25 points a lot of negativity right now if these futures move into cash equities trading this is after the dow and s&p yesterday extended the losing streaks to four straight sections the major averages down this week with the nasdaq leading that down side with the more than 3% loss since monday. all of this after the consumer prices, cpi, yesterday, showing the biggest jump since 1981 and growing odds the fed implements a 100 basis point or 1 percentage point rate hike after the two-day policy meeting later this month in the pbond market, watch the spread with the 10-year treasury and the 2-year treasury. that difference is now at the widest since the year 2000 often a major early indicator for a recession. the difference is the 10-year treasury is 2.97%. 2-year treasury at 3.2%. that inversion is something to watch. we are watching oil prices closely. with u.s. benchmark west texas below $100 a barrel. futures for wti crude is $93.51. ice brent crude at $97.22. and nat gas is 6.64 is the last trade. >>> in cryptocurrency, we have stability on bitcoin and ethereum

nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. >>> welcome back, everybody. pending home sales in june were down 20%, compared with last year, coinciding with the jump in mortgage rates. the home builders are feeling the impact of this rapidly cooling housing market over the past week we've seen results from dr horton, pulte, and all three have -- diana olick is here with a first on cnbc interview new orders were down 25% as the housing corrections now really taking hold. joining us is ceo cheryl palmer. thanks for being here. we're obviously at a correction point. lets than an hour from the fed announcement, in your view is the fed making the right move, given the impact on your business >> i think the fed mandate, diana, has been quite clear. certainly with economic housing broadband such a driver, housing is going to feel this. ed think the fed is acting swiftly. i think we all expect to see an additional 75 basis points today. i think the sooner we move through this, honestly, the better we are. >> your can

the leader was up by 2.75, and the nasdaq up by 3.1%. we take a look

the nasdaq up by 12. the nasdaq was up 1.5% yesterday. the s&p and dow notching advances the nasdaq is the winner so far this week. up nearly 4% the dow and s&p are not slouchy. up by 2% and 2.5% respectively if you look at the treasury market you see the 10-year treasury is yielding above 3%. below it for all this week the 10-year treasury at 3.045% 2-year treasury is lower of a yield than yesterday 3.23%. >>> and on the back of tesla, tesla shares are higher. i'm not sure why, but we can discuss this adjusted earnings of $2.27 per share. that beat the estimate of $1.8 is revenue dropping from a year ago, but fell short with the margins at 27.9% down from last quarter the company said inflation and more competition for battery sales and other components that go into electric vehicles. the company converted 75% of the bitcoin into fiat currency it purchased $1.5 billion of bitcoin in early 2021. it closed last year with $2 billion in bitcoin on the books. on the call, musk explained for the liquidation. >> we are open to increasing coin h

we are down 250, nasdaq down 30, s&p is down 15.nor of alaska, california congressman yong kim, caitlin jenner, nothing is more infuriating than being looked down on by the elites. when the biden administration laughs at ordinary people and their concerns it is hard to take. it is nervous laughter, we will show a soundbite of some border folks laughing at the situation. that is "my take" and it is next. ♪♪ and buying your starter home. or whatever this is. but the things that last a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. we believe that your investments should work harder for the future you imagine. and that's where our strategic investing approach can help. t. rowe price. invest with confidence. if you used shipgo this whole thing wouldn't be a thing. yeah, dad! i don't want to deal with this. oh, you brought your luggage to the airport. that's adorable. with shipgo shipping your luggage before you fly you'll never have to wait around here again. like ever. that can't be com

we declined on the nasdaq hundred. to the point of little later, which has big announcements from apple and amazon. we are earnings in the day ahead. lisa: here is what we are looking at. it might be gdp thursday, because we are getting that initial raid on the second quarter gdp for the u.s. people are wondering if this is a technical recession. that comes out at 8:30. i am actually more interested in the initial jobless claims the jobless claims are a more real-time version of the labor market that seems to be the data point fed chair jay powell was pointing to yesterday. yes, weakening data, however jobs remain very strong and full supply. at what point does that become more in conflict, in terms with fighting inflation? we can have a really important call between joe biden and xi jinping from china. we don't know when that will be, but they will reportedly be speaking about a number of policies. one of them is tariffs. some of the data we got earlier today, as well as the fed's reaction to it. after the bell, just