okay, teddy australia, at the new york stock exchange for us. thank you. bye. now china's response to the us how speak and nancy pelosi visit to taiwan is taking a toll on regional trade. chinese military exercises have prompted some ships to navigate around the tie, one straight disrupting t weeks ago and commodity sailing around the world. aging has also announced it's the same dialogue with the us on key issues including climate change. or the fallout from nancy places visit is increasing by the day earlier this week. china band in ports of a 2000 different food products from taiwan, including things like fish, fruit, oil is cakes even, and processed food. now, beijing has also stopped exporting sand particular to the island of taiwan, a product necessary for ty, one's construction industry, and what small it's created. an effective blockade tie one to as it patrols the c surrounding it. that could deter imports and exports paralyzed tie once economy and cripple with the trade in all important semiconductors. so let's get some analysis on this. we've been he

joining me here at post nine of the new york stock exchange the brand new bny mellon ceo robin vince todd gibbons, officially stepping down today thank you for joining us i saw the performance of "hamilton. you're the only bank that can claim to be founded by alexander hamilton in the 1700s. it's cause for celebration todd, you've been the ceo only three years, why is now time for a transition >> first of all, thank you for having us. it was nice to meet you earlier and finally we got here. the foundation is strong, resilient. 80% is fee based we have the strongest balance sheet in banking we are well positioned to deal with the challenging times we're faced with we have a great leadership team. the gentleman sitting next to me that will be taking over, i've known robin for about a decade he had a mix of experiences i thought was perfect for this job. we've worked together the last six months meeting with stakeholders rob is ready to take the helm and do it in full stride >> well, it starts tomorrow. and you do have a tough task not just running a massive bank with trillions of dolla

on the new york stock exchange. charles: fantastic stuff, a tall order, i tip my hat to you. headline nobody probably thought they would see a year ago. $10 trillion, right, this is breaking news, blackrock launching an institutional trust for spot bitcoin exposure. i want to bring in podcast host, bitcoin expert layah heilpern. you often talked about institutions getting involved in this. how big is this news. >> this is incredibly bullish news. tough consider the current climate we're in right now. we're in a bear market, beginning of a recession. despite the cpi numbers yesterday, inflation is still soaring. the world's largest asset manager wants to give exposure to bitcoin. this is truly incredible. bitcoin is only 13 years old. it is young digital asset, many people regard it as risk-on asset. at this time with lot of economic, political instability globally, people move to things like gold and more blue chip stocks. so right now this really shows there is a huge demand. the smart money sees tremendous value in bitcoin as a global payments network. charles: any easycati

coventry direct, redefining insurance. >>> welcome back to "squawk on the street" from the new york stock exchangeavid faber along with jim cramer and our third come patri had to get in a car and go to new jersey in order to deal with our huge technical issues that we're still grappling with carl, that was a pretty quick trip well done. >> i was listening to you talk about return to work and it's funny to be racing to get back into headquarters where it's actually fairly busy things are going to start to fill in the middle part of the week, starting in mid-september, at least for those at cnbc live tv, david, that's why we're in this business, for days like this. >> yeah. you just forge ahead and thanks to dom, joe, mike santoli, everybody else filling in along the way. as for the broader market which was our focussantoli and everyoe filling in along the way the broader market, the focus this morning, coming in, given the significant downdraft in the market, we're down in the s&p and the nasdaq a bit better, meta back to negative. but you know, it is adjusting and moderation, plenty of green. >> t

so that definitely tells you quite something it does go to the new york stock exchange for us. thank you. now paul is have closed in the tight race to choose kenya's, next president, an index of the country seers. so just the optimistic, the country's economy will improve after the vote. but for can ya to success faces the tough task of tackling a cost of living crisis. millions of canyons have placed their votes in a balance box. now they must wait to learn who will lead them for the next 5 years . current deputy president william roto or opposition candidate rayleigh odenza. both have campaigned around to central economic issues. soaring living costs and high unemployment. as i was booting, i was thinking about that kind of lead as we want to see a tick office for the next 5 years. and for me to can keep moving can afford number. somebody was gonna bring united nation somebody who's gonna be a good leader. somebody who's going to in terms of economic strength was gonna push us forward and be able to get to good read us who'd be able to took the dividend meant of this country

story -- the big news is the creation of a whole new class of securities, preferred equiany units, preferred stock and we'll trade on the new york stock exchange under its own symbol. like a two for one stock split, except instead of getting two common shares for one old share, you're getting one new ape of the preferred equity unit and one common share, but it was a complicated transaction and i'm not surprised it's taking the market a little time to figure it out. we do think that the creation of this preferred stock is extraordinarily important for amc. the reason is that when you look back, we survived this pandemic because we were able to raise over $2 billion of equity, but we literally ran out of shares. we had none left. now with this new currency, this new preferred stock, we have an enormous amount of shares that we could use to strengthsen this company to build shareholder value and raise equity, pay down debt, use for mna and makes amc a fundamentally stronger company to have this tool at our disposal. elizabeth: well, it feels like you almost refilled the rainy day coffer so you are able, if needed, to be able to go and issue some

let's get more on this from our correspondent at the new york stock exchange . teddy austro teddy good. have you on as ever. i mean, why is robin hood so exposed, i suppose, the misfortunes of their crypto currency mark while rob to answer that we have to understand why robin hood experience such explosive growth in the past few years. and that's because in 2020, 2021. when a lot of people were sitting at home due to coven restrictions, and had a little money, little bit more money in their bank accounts, due to the stimulus track. well robin hood was there to take in and whole new wave of retail investors. where did the investors go? well, this is where the mean stock frenzy of last year that i'm sure a lot of people have heard about comes into play when a coordinated group of retail investors, coordinating online and places like read it, invited a ton of new retail investors into the space to invest in under performing companies such as game stock such as amc but crypto currencies of course, where a huge part of this, i'm sure a lot of you have heard of those coin. well, this was a t

economy struggles from an enter my, let's get more on this for my a correspondent at the new york stock exchange. teddy austro teddy. always good to have you on. just explain to us boy sally's behind this slow growth. while rob, this is a worldwide phenomenon, it's not only the united states, it's around the world we're seeing manufacturing slowing or even contracting in europe in china, and other parts of asia. this is a story of inflation and the supply chain crises now. here in the united states, this is, this is a consumer economy. now, inflation, these high prices have really helped ship consumer spending towards the essential, such as you food, such as fuel, which i've seen incredible price increases and away from the big ticket items. now retail stores and other companies have really been shouting for the hills about this, and factories are taking note of it as well. manufacturing may have slowed but new factory orders have actually contract it here in the united states, which are raising the eyebrows of economists who believe that a recession may be on the near term horizon by and in the

chuck shimmers reaction, but let's get some business reaction from our correspondence at the new york stock exchange and go to you and love to have you on the program. just explain to us how this reduction acts. he's going down and wall street. yeah. especially in certain industries in certain sectors. we did see a stock price system on the move from on one side. for example, we did not see pharmaceutical companies, some shaking in their boot. that's it. it's probably going to take a couple of years before the government can start to negotiate. the price is for some crib scription a drug, some other effects. you mentioned the industry that's going to probably happen sooner. so you saw a companies like tesla, like caribbean and but also traditional carmakers like general motors so far to are also entering more and more into the business where the stock increased. and then also if you have the producers of solar panels, for example, if you'll tell companies, so all of those were on the rise here in the monday session. and there really is also in this bill is a now you've got to for the climate goes to

while 5 major chinese state on firms are withdrawing from the new york stock exchange. oil giants, petro, china, and sino pack are leaving, along with the chemicals firm, shanghai, petrochemical, which is owned by sign a pack. china is biggest aluminum producer, charco, and insurance giant china life insurance are also quoting wall street. these 5 companies have a combined market capitalization of $320000000000.00. apparently, it is all over new transparency requirements that allow authorities to get more internal information from publicly listed firms, not chinese state own firms, do not want to hand over more information. siding national security concerns now more chinese firms are coming to europe among the top destinations leading financial centers, switzerland, and germany. let's get more on this from d. w. sold sighing hen in taipei. so trying to claim that increased scrutiny by use authorities is the reason for this d listing. how much are these companies giving up with this book? or chris, not much though you talk about the numbers for the trade in value of thes

let's get more in this from our correspondent at the new york stock exchange. teddy australia teddy. just explain to his what's behind this record level of exports from the united states. yes, rob, all the exports. i certainly contributing to this extraordinary shrinkage in the trade deficit here in the united states, but seems to be driving it our energy and food products, primarily. that's industrial supplies and materials such as natural gas or petroleum products. but we've also seen an uptick and things like gold. now what's driving those exports is actually demand in other parts of the world for energy, particularly in europe, which is trying to win itself off of russian gas for its invasion of ukraine. well, united states is the largest producer of natural gas and with european demand rising. we are seeing the u. s. become the largest exporter of natural gas on the planet, even surpassing guitar reco exports. good news on the face of it. but how can we actually read into figures like that about the face of the us economy? yes, well, rising exports, that is great, but you have t

let's get more in this from our correspondent at for new york stock exchange, james sweeney. james, excited worried a us businesses about this rise intentions between china and the united states. there is indeed some concern from us businesses about these escalating tensions between the u. s. and china, mostly from us businesses that obviously are doing business with china because they quite frankly, don't want to bite the hand that feeds them. but to quickly put your note to quickly answer this, put yourself in the shoes of the u. s. business owner, you're doing business with china and the leader of government for the 1st time in 25 years, enters taiwan. and china has already said that it warns of this visit being extremely dangerous. you might be playing with fire. and if you're a company doing business with china here in the us, that's something that cannot be looking too good in your near term forecast. especially with policies saying that this trip is to this trip to taiwan is to promote america solidarity with taiwan while also carrying while also needing to express the

notes our so on friday, 5 chinese firms confirm that they're going to be de listing from the new york stock exchange, where you are just reminders of the background, sort of that no up over all. there is a lot rule brewing between the 2 biggest economy is on the planet between the united states and china and already for quite some time the united states. so security and exchange commissioner commission has threatened actually to deal with some fine. is companies of dawn follow are with us sir. transparency rules have been on the other side and china in all of those companies, are somewhat a government back there. do not want to fully open up their book. so there is this tension for quite some time. and now we have the next level, if you want to put it that way so that 5 chinese companies are going to do list or from us exchanges. ok, ends quarter in new york for us. thank you very much. and if you want to get an even better understanding of how the tensions over taiwan are affecting china, be sure to check out the latest d w business special. this week we've been tackling the question. can china aff

we are on the floor of the new york stock exchange. maybe up to mix it up a little bit. let's kick it off with bob in arkansas. bob? >> this is bob from little rock. boo-yah captain cramer. i have been watching you for 10 years and i'm a first time caller. here are my stocks. i have apple, procter & gamble, at&t, budweiser and mcdonald's. am i diversified? >> tell me some great stuff. let's go over to help bob. apple, own it, don't trade it. so far it has looked good for 15 years. mcdonald's is terrific. it is the up stock. at&t has to go yesterday. you want t-mobile. i'm worried about the management. i want to worry five t-mobile. you have tech, food, consumer product, you have lumber, and you will have, a growth utility if use t-mobile. we are not done. we're going to tom in connecticut. >> hello, i am tom from connecticut. i'm a member of the investment club. i want to thank you, jeff, and your crew for all you do. my five stocks are, google, apple, lockheed martin, co. tara, and pioneer natural resources. i know i have two energy companies in their, in view of today'

live look at the new york stock exchange. you can see that we are barely in positive territory up about 10 points. google rolls out its biggest android update. the android 13 for pixel phones is now available. it allows you to customize non-google app icons to match your wallpaper. it lets you limit notifications and which photos and videos certain apps can access. kumasi: two brothers are on a walk of lifetime. it's a labor of love with every step forward, they are hoping to help children who they say are left behind and what they call a broken foster care system. they were both born in the foster care system 27 years ago. now they're trying to walk 20 miles in every state to raise money and awareness. >> we been through that system and we made it out. i was like, man, god placed us on this earth to do this for a reason. it's just how our life was. we were hurting. we wanted to give up. we didn't give up. kumasi: the brothers say they hope to raise enough money to open a home for kids transitioning out of foster care and eve

new york legislature. kumasi: and the big board at the new york stock exchange -- we are up about 68 points. a runaway bowl broke free into the arena. kumasi: don't forget, you can watch us for a whole extra hour on the abc seven bay area streaming app. let's check in with jobina now. jobina: we had a really active morning in terms of traffic. three sig alert's in effect right now, the first beginning in sausalito. this is a deadly situation coming in from the chp. san rafael northbound 101, the purple line indicates all lanes are shut down there temporarily due to a crash, and then we have an amazon truck on fire between san pablo and richmond before alcatel drive, and we have a live look showing the backup in that area. be aware that you will face delays. average speeds are around 30 miles per hour, but that looks even slower. drew: a live look at our east bay hills camera. the sun is about to go over the horizon. it is up in a few minutes. air quality is on the moderate side today and tomorrow across the region. we'll talk about those temperatures -- hour-by-hour, futurecast showing you b

, stocks, bonds, commodities and long, slow decline and let's begin with bo pisani at the new york stock exchangeimes today. we are trying to establish a new trading range, a higher trading range around 4150 to 4200 and these are the highest levels since june and the nasdaq yesterday the highest levels since may and it's hard to do it without the tech stocks and that's what's led the way in the last couple of weeks so we had good numbers, amd, nice numbers overall maintaining their full-year guidance and microsoft's been up recently and the highest level since may and apple was at the highest level since may and flattish today and the speculative tech stock and cathie woods is on a tear. apple dropped dramatically and it's back almost where it was a week ago before the earnings report came out. block spin up, tesla, six out of seven-straight days and returned to the upside and nice run out of the cathie woods stocks what people don't want is the energy stocks. we were at $90 on west techs, te texas intermedia and they've been out of favor since oil topped out and that was in the early part of jun

a live look at the big board new york stock exchange, slightly up.will check in again in a couple minutes. if you are jealous of your dog sleeping of the fluffy met on the ground, your dog can be jealous of you. for the low price of hundreds of dollars. [laughter] you can watch every morning for an extra hour, it is abc 7 at 7:00. 7:00 to 8:00 every weekday on the abc 7 bay area streaming app, you can download it now for your phone, tablet, roku, apple tv, amazon fire and android tv. all the things. drew: you got it, download it. east bay hills camera, the sun is up. a beautiful morning, you can see the patchy fog stretching and then. air-quality advisory from moderate air-quality and most spots. we will see smoke from the lightning complex fire burning to the north in trinity county. we will see hayes in the atmosphere, the smoke will not reach the surface. you will not smell it, just see it with the hazy sunshine. we are tracking this area of high pressure responsible for the warm weather yesterday, now we have a battle brewing. this area of low pr

i'm sara eisen here with jim cramer live from the new york stock exchange carl and david have the morning off. take a look at futures right now. remember, we had a big turn in the market yesterday, started off weak, got strong throughout the day. we'll see if that can happen today. down 68 points walmart's up about 4% in premarket. that's helping the tone overall. we're still down across the board. nasdaq futures down 40 our road map for the hour is going to start with the retailers reporting. walmart and home depot both out with results we'll dig through the numbers. plus, we are whale watching from buffet to tepper, we'll break down the bets of what they sold and why. zoom shares falling after citi says sell. we'll begin with earnings from the two dow components walmart's results beating lowered wall street expectations after the retailer issued a profit warning u.s. comps rising 6.5%, including strength in grocery with e-commerce up double digits and reaffirming the second half guidance do not miss an interview with doug mcmillon with courtney reagan home depot posting earnings and rev

actually closer to 2-1 on the new york stock exchange. a little weaker on the nasdaq.jority of stocks, it really wasn't a lot of downside follow-through to yesterday's decline which was a pretty bruising one at the index level. talked about energy. look at the xop. this is the exploration and production etf it's kind of broken above not the all-time highs but that prior springtime high from april. you can see there on the chart so anybody looking for it looks like it's going to be a topping pattern, it looks like maybe there's some head and shoulders thing, that's a new uptrend that seems to be developing here on the right end of that chart. that's probably going to be encouraging to energy bulls even when you have obviously natural gas prices backing off a little bit today. in terms of the volatility index, it has held yesterday's gain the one-year chart, it does show a series of higher highs obviously we're in a pretty confusing and high volatility macro regime the market is showing that 24 is not a worrisome level but it shows you ahead of the jackson hole conferenc

they've seen this before with charles schwab and the new york stock exchange that part is not entirely different. the part that's unique that we're out there telling our story around with crypto, is hey, we're really passionate about economic freedom and we think crypto is this amazing way to create more of that in the world to create financial infrastructure with countries all over the world and even make financial markets right in the u.s. or developed countries that much more efficient. by the way, it's not just about financial services, there's this whole other thing, web 3, and people are building new apps around identity and social and games, and new ways to connect scientific research. it's getting to be much bigger truly the next generation of the internet that's a much bigger picture, a story to tell, which is frankly harder to wrap one's head around i'm still wrapping my own head around it. every company has to start with one big thing that grows revenue. you have a next act, and a next act, that's the story we're out there telling. >> brian, it's been a brutal year for coinb

what's driving last week was we listed on the new york stock exchange, an exchange traded fund and energy index fund called drl well drill and it delivers a really simpleho mandate to us energy companies as a shareholder to drill or to frack more , to do whatever allows these companies to be most successful without regard to anyone else's climate change agenda. environmental agenda or social agenda. and the good newsge is i think that's going to lead energy companies to be less successful and to make more money. more importantly, for the country to also shore up american energy security. and that's something people don't have to wait until november to vote for. dayle vote every with their dollars. and my hope, tucker, is that, you know, we actually got over one hundred million dollars in the first week. that makes this the fastestpp unseeded etf launch ofve the year. and it appears toy be driven by grassroots support, everyday citizens joining this movement. what i hope to seeund is this t energyhe fund get bigger than the comparable energy fund offered by blackrock ored other asset manag

live at post nine of the new york stock exchange. morgan brennan's on maternity leave.kson hole on friday we're going to get software earnings and pmis, but the sellers are out early. dow's down 416 >> we're about 30 minutes into the trading session. here are the big movers starting with signify health. along with united health group more on that story later this hour, but currently shares are up about 38% plus netflix downgraded saying netflix is likely to underperform the s&p after surging 40% from its mid july lows shares down about 5.5% and we'll end with none other than the meme stocks. volatile once again after amc launches its special ape preferred share to holders of amc stock today. those shares down about 32%. but the economics are kind of dif divied up. you've got what was once amc now divided between amc and ape so the economic exposure is divided by those two things. so you would expect to see the stock decline today. >> add them together i think we got the ape somewhere, too, right? 12.31. eight bucks. you're actually better off than you were on friday's c

i'm david faber live from the new york stock exchange. carl has the morning o we have a big interview coming up in a bit. you don't want to miscisco ceo chuck robins they did report results that are being met enthusiastically in the market, at least thus far. the stock looked to be up as much as 5% in the premarket. speaking of the premarket, let's take a look at futures see how things are setting up. there you get a sense for it right there. perhaps modest pop at the open our road map does start though not with the broader market but with this little crazy pocket of it we call meme madness. bed, bath, & beyond shares are dropping after ryan cohen reveals he's going to sell his whole stake in the company maybe he already has also, all in this morning. kohl's cut the guidance. inflation an issue inventory an issue also anticipating software demand and ripe for the picking, tlo reports that april sl going to release the new flurry of devices. the stock, we were talking about it yesterday, how can you not? it is up 32% only in the last coupl

listed chinese companies are looking to delist from the new york stock exchange. we've got the details. >>> is coming. adam aron tweeting the date that his equity against trading will be here. that's the latest. >> that is pretty funny. let's start with the markets. what has been up to now a very positive august four stocks. great to have leslie and mr. santoli here to help out that conversation. as we head into the end of this week, what is foremost in mind for you? >> the market. gaining a little bit of comfort that the things we were most afraid of a few months ago or even a month and a half ago look a little bit less like this. the jobs number, the inflation numbers, coming in the past couple of weeks, have made me feel better about the stag in inflation. that is as simple as it gets. people were in opposition for a pretty rapid rally because the way you get rapid rally is people aren't positioned for it. that is basically the sum total. the interesting thing is, up more than 15%. yesterday we peeked above that level. that would be regaining half of all the lo