novartis has raised its profit guidance after the top line beat in the second quarter.aising just short of $5 billion. look at the shares. they are really not tracking well so far into the session. down 1.8%. i want to take you to abb. they posted second quarter revenue of 8.24 billion euro. that is missing expectations, however. the swiss engineering company beat on the bottom line with the record adjusted operational margin. when it comes to nokia in the telecom space, they posted a 32% profit slide in the second quarter as 5g weighed on the giant. revenue in the mobile network division fell 25% on the year, but the company said it expects an overall sales uptick in the second half. at the moment, shares are down almost 8%. when it comes to volvo cars, the second quarter coming in at 8 billion swedish krona. the swedish automaker cut the year sales forecast citing a worldwide slow down and the eu tariffs on the chinese made eevs. we are seeing the impact on the dpe geopolitics on the carmakers. one of the market narratives this morning with the chipmakers, we saw impa

shares are down 4.5% for more, we're joined by novartis ceo along with anjelica peoples.a >> thanks so much. thank you for joining us today so i want to start, like kelly said, you had a good quarter, raising your adjusted earnings outlook for the year, but the stock is down almost 5% today. where is the disconnect here >> thanks for having us, anjelica, great to be here when you look at our performance, it's been outstanding. we have had a tremendous first half of the year it builds on a great 2023, as well raising our guidance twice actually, our shares are at a record high. all that's happened today is we have given back some of the gains we have had over the past few weeks. what i would rather focus on is the strong performance we had, and how that builds confidence in our longer term growth outlook. when you look at our key growth drivers, all performing well strong innovation performance coming out of ten positive studies in 2023. and we're well on track to meet our 5% sales plus growth guidance and our core margin guidance of 40%, we're at 39.6 in this quarter. so

still ahead, a healthcare headache, novartis under pressure after earnings, on track for its worst daye years wedi into the details. "closing bell" will be right back >>> there are stick pockets of strength under the surface cn pro is out with a new piece scan the qr code on your screen. >>> up next, counting down to netflix earnings the key metrics to watch, and much more, when we take you inside the market zone energy fuels, a leading american uranium producer, is ramping up production to supply expanding nuclear markets and diversifying into rare earth elements, key ingredients in many clean energy and defense technologies. energy fuels. dave's company just scored the comcast business 5-year price lock guarantee. high five! high five! -i'm in a call... it's 5 years of reliable, gig speed internet... five years of advanced security... five years of a great rate that won't change. yep, dave's feeling it. but it's only for a limited time. five years? -five years? introducing the comcast business 5-year price lock guarantee. powering 5 years of savings. powering possibilities. you are b

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fears of tight restrictions on semi conductor sales to china and novartis raises its profit forecasthe second time and volvo reported better-than-expected operating profit. staying on earnings, tsmc, asia's biggest company coming out with its latest numbers and it's a beat in terms of margins. gross margin coming in, that income beating for the maker of nvidia. 247.8 billion. estimates i been for $235. a solid for the foundry. no doubt ai will be a key driver of the story. let's get analysis and cross to someone who follows in grainy will detail. tim culpan what stands out? tim: good top and bottom line numbers. margins are crucial. margin is helped by the fact that the taiwan dollar has been sliding. when the taiwan dollar falls there margin goes up. good numbers. 30 minutes from now we will have an investor conference. they will be told what the company sees for revenue. if they raise revenue outlook is expected to bring growth of 2425 percent with hopes they will announce of growth estimate and that would show nvidia and apple are doing well. ai has been a huge driver and we're lo

novartis is lower as it raised the profit forecast for the second time this year.s surging which beat forecast and sees more growth this year. also pulicis is raising second quarter revenue. >>> coming up on "worldwide exchange," we have the one word that every investor needs to know today, plus, getting set for netflix earnings. we have the keys to watch in the streaming giant results as the stock continues with a solid year so far. we'll be right back after this break. energy fuels, a leading american uranium producer, is ramping up production to supply expanding nuclear markets and diversifying into rare earth elements, key ingredients in many clean energy and defense technologies. energy fuels. power e*trade's easy-to-use tools, like dynamic charting and risk-reward analysis, help make trading feel effortless. and its customizable scans with social sentiment help you find and unlock opportunities in the market. e*trade from morgan stanley with powerful, easy-to-use tools, power e*trade makes complex trading easier. react to fast-moving markets with dynamic char

i'm on the novartis.n behalf of the entire news hour team, thank you for joining us. >> major funding has been provided by. and with the ongoing support of these individuals and institutions and friends of the news hour including kathy and paul anderson and camilla and george smith. the walton family foundation, working for solutions to protect water during climate change so people and nature can thrive together. advancing ideas and supporting institutions. and with the ongoing support of these individuals and institutions. and friends of the news hour. this program was made possible by the corporation for public broadcasting and by contributions from viewers like you. thank you. this is pbs news hour west from weta studios in washington and from our bureau at the walter cronkite school of journalism at arizona state university. >> >> the supreme court made history this week with a landmark ruling that expands the power of the presidency and helps to protect trump from prosecution. what the decision means

novartis may help you save on your prescription. november. >> this is really a high stakes week for the president. all eyes focused on tomorrow. his first news conference in months. abc news reporter perry russom has the latest. >> reporter, democratic donor and actor george clooney now calling on president biden to drop out of the race with an opinion piece in the new york times. clooney, who hosted a fundraiser for biden last month, writes, most of our members of congress are opting to wait and see if the dam breaks. but the dam has broken. we can put our heads in the sand and pray for a miracle in november, or we can speak the truth. the biden campaign not directly responding to clooney, but pointing to biden's comments that he's not leaving the race. today more democratic lawmakers speaking out, worried about biden's electability. >> i am deeply concerned about joe biden winning this november because it is an existential threat to the country. if donald trump wins. >> new york congressman pat ryan posting on x joe biden is a pat

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novartis may help you save on your prescription. it's the same situation. >> abc seven news reporter luz pena spoke with experts about how people can be protected, and who's most at risk of a booster. the one that's coming out. luz. >> yeah. scientists are detecting a surge in covid 19 cases in our wastewater at hospital. doctors are also seeing a slight increase. so why is this happening? doctors tell me it's the summer. people are traveling, and more transmissions are happening. covid 19 cases are increasing across the country and right here in the bay area. >> summer surge is upon us. we definitely have seen an increase in the number of covid patients coming seeking care in our emergency department. >> the surge is also showing up in wastewater samples from three bay area water plants, and they're still trending upwards, so we're not sure how high they're actually going to get. >> and the levels right now are actually almost as high as they were during the omicron surge, which happened in 2022. >> stanford professor alexandra bai

novartis shares gained 11%, 12% over the past years keep an eye on those.ing apple, amazon and lily. they're ticking higher, fractionally speaking. 'ing, morgan stanley. apple and amazon, eli lilly up a percent or so. the firm's analyst thinks each of those three stocks amongst a slate of others will exceed expectations with reports later on in the season. keep an eye on those. by the way, for for those and more analyst calls head over to cnbc.com. for the stories, keep an eye on those, joe. i'm going to check out the market cap issues that beyond meat is having right now. >> sure, dom. you're not watching the opener? >> i will admit, because it is on peacock, i have had on my ipad. >> no way -- who is that -- who is suited for that course, do you know? >> for that course, from an apartment standpoint, i just tend to think about guys like jordan spieth because he's had a pretty decent career at open championships. i think the good story is macintyre, after coming off the scottish open side of things. you know me, joe, i'll pick rory mcilroy because i just t

tons of calls to get to on crowdstrike, palo alto, gap, e.l.f., and news on abbott, horton, novartis.he way home. that's right james, it isn't. car, where are we going? we're here. (♪♪) surprise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com the moment i met him i knew he was my soulmate. investment objectives, risks, charges, expenses "soulmates." soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house! there's always a new excuse. well if we got xfinity you wouldn't have to mess around with the connection. therapy's tough, huh? -mmm. it's like a lot about me. [laughs] a