buy nvidia either. to buy someone with a fair valuation because when you have a evaluation, -- >> jenny, you credit me that argument on any of the chip stocks at any point over the last decline. you could've made it and i did make it at one point before sky works went to 140 and corvo. look at them now? they are selling at less than 10 times earnings. but the growth will not be 20%. that's the whole point. you are picking a moment in time . but markets trade indirectio . that's the direction of earnings is down, the stocks are going to recover. >> all you guys are buying all these brought the semi-stocks like at the beginning of the year. you are all excited about them. yes, you were. >> that's not true, jenny. jenny, that's not true. let's talk today by in semis? >> steve, seriously? we've had arguments on corvo and nvidia. everybody loves semis. when you're down 45%, you don't want to buy them? guys, this is when you do buy things. this is when you get bullish when things are down 45 and 50%. not at t

now trades at above 45 times nvidia is near its highs i'm going to reenter my position in nvidia.h. 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 >> welcome to it "the exchange". i'm kelly evans. another week and same old story. concerns growing over a possible recession and europe in particular we'll hear from someone who say the biggest risk is -- and saying the fed needs to kill off inflation to save the economy.

>> point number one is that the reuters report says that nvidia is actually worried that critical tax credit for the design of chips is going to be left out of this legislation that's something that they have been pushing for, so unclear how much nvidia would actually benefit. but i guess to the broader point, speaker pelosi has come under repeated criticism for the types of trades that her husband makes. her office told me this morning that she had no prior knowledge of his investment activity, that this is all done separately from her role as speaker and certainly congress has been looking at several pieces of legislation that would put some tighter guardrails around the investments that either members of congress or their spouses or dependents can make. so far that effort has gone nowhere, though, kelly we'll see if anything comes out of this most recent stock purchase by her husband. but again, the speaker's office says that this has essentially nothing to do with her, and she had no prior knowledge of the types of activity he's pursuing. >> as you said, it does look like the chip

. >> did you see nvidia today, joe? >> okay. >> speaking of 50 days, it's right about there. it's up almost 7%. >> it is, and i'm very happy about that that's why i think the time last week and ten days ago was the time to be adding towards growth i think when we look back over the last ten days, we're going to realize that's not when you want to step away from risk. that's not when you want to sell stocks it's too late. now, if we get a pobounce in th market, okay, i think the market sways here on either side of 4,000, but when the market goes back towards 3,600, what are we talking about maybe another 5% down i'm not selling stocks down at that level, right? >> you know who's stepping away from risk or who has been? >> is it steve weiss >> weiss weiss has been stepping away from risk at every turn, right are you stepping towards it at all these days, weiss? >> well, i wouldn't say i've been stepping away, i stepped away earlier in the year, and by the way, scott, as you know, been dead right on it, and still virtually every stock got sold it is where it is, and i get the op

that would have been a boost for companies like amd and nvidia. many boosting science and research across the country have been added back to this bill guys >> i know we spoke about this briefly, ylan, while it's a beneficiary, what about the likes of nvidia and the others >> the issue there is most companies design chips and they don't manufacture chips and that tax credit only benefit the companies that make the chips. what they are saying is they aren't going to benefit directly other ands say, hey, look, this is an indirect benefit it will increase the supply for chips in the u.s it will decrease demand for those chips here in america. so those companies will get a benefit one way or the other >> while intel is barely struggling to stay positive. ylan, thank you very much. ylan mui in washington and let's get to bertha coombs for the cnbc news update. >> good afternoon, kelly here is your update at this hour senators announcing two bipartisan bills designed to close gaps in federal law and prefen prevent future candidates from stealing electio

that they had machines trying to pick up jell-o at nvidia?> yeah. good boy. >> better than black ice problem? >> haven't solved this. >> i thought they made the chip that is go in it >> talking about -- this is machine learning that if you have a machine trying to pick up jell-o and gets it and say good boy and then picks it up right every time now go to the digital twin and if one of the stupid fast food companies were to call they have the digital twin speaking in 27 languages and can't make mistakes and wellistening to the box. there's drive throughs wendy's won't do it. mcdonald's which had a number cut today and ridiculous doing well instead of the person that doesn't understand you and i didn't order the double cheese this is not my big mac the machine listens and knows in 27 languages. >> and then make it is burger in the back >> gives the order to somebody that make it is burger. >> still a human being >> flawless. you need flawless. okay need flawless. >> replaces the person with the headset on >> digital twin. not the metaverse. mar

i traded around both of them more recently in may, i traded out of nvidia. yesterday made a 52 week low, closed strongly on the highs, and studying my portfolio, given the environment, david, i had room to include some growth, quality growth, growth at a reasonable price not hyper growth, back in the portfolio. a name i am comfortable with i liked the price action yesterday. i picked it up yesterday on the close. i spoke about it as a final trade yesterday afternoon. but i think that it is strategically the type of stock you want to give consideration to here because we are making somewhat of a pivot. i think that chris spoke about that, it was reflected in the price action yesterday if we talk about growth scare, you want to try to identify growth opportunities in the market in a name like nvidia and some of the more reasonably priced technology names, you'll be able to find those characteristics. >> do you see yourself holding it awhile? i can remember when this crossed the $800 billion market cap threshold to put it in perspective. now below 400 billion.

if nvidia gets down to the 2020 level it would have to be cut in half . we are talking about a 50% move down. the smh, and the two to talk names, taiwan semi conductors and nvidia account for 20% of that index. so the psm is not as bad but it would have to be chopped up maybe 30% to get down to the february 2020 level. this is a matter of wanting to see the pull forward of the semi conductor names. there is a lot of room to the downsize, and we will have to get down. we didn't even talk about the ism levels. we are looking at june 2020 levels and may 2020 levels for ism. the s&p was at those levels and if we push them back you are looking at between 2800 and 3100 in the s&p. overall we have to chop a lot of wood before we are at bottom. >> i have a question about the baseline. one is a baseline have to be pre-pandemic? why february of 2020? >> i will give you just a small snippet. we within an environment at the point where we was not in a rising rate environment. we had a huge bell went to the overall market, a huge pull forward for semi conductors, acro

from the early morning lows to where we are right now if you look at names like tesla, nvidia, amazon, they're each green on the session earlier in the day we've seen low points, rallies higher to the tune of 4% to 6% so as markets have dipped in today's session, there has been some incremental buys interesting in some of those, bay maybe the value proposition, or perhaps a bit of short covering either way, tesla, nvidia, amazon.com, some of the nasdaq 100 names that have done pretty well we'll see if that trend continues this afternoon one stock that's standing out well today,ed best performing in the s&p 500 today, that is twitter. a lot of headlines coming out with regard to what's happening with twitter we know the company itself will sue elon musk to try to compel him to follow through with the $50.20 buyout offer for the company. right now, shares are up about 8.5% i've pointed out the best-performing stock driven in small by, i will say this, hindenburg research tweeted out earlier this morning they initiated a long position owning the stock in twitter, and they make mention of

you have nvidia and intel and amd. 7% in the last week we pointed out yesterday that the semi conductor smh is seeing a bounce in the same timeframe is now the time to buy the key names in the very key sector of the technology trade let's bring in matt bryson at wedbush noted the performance with smh and other cloud computing is up huge how much of this is on the optimism around possible more taxpayer spending around semiconductor facilities here in america as opposed to some of the broader fundamentals for the business >> i think certainly that's factored in. particularly with intel, they are poised to receive a significant portion of subsidies. given it looks like a lot of the additional dollar content is going to go to companies that manufacture chips like intel and global factories. i think also for some names and i highlight amd with a fundamental which is not that bad. we did get taiwan semi last week which gave us better results and better outlook and tell us that certain segments including the high-end serve ma

buying july 1st expiring in nvidia and amd, the puts boy, were they right both of those two stocks havewe have gotten two days later. look at where they're trading. nvidia got cranked options exploding to the up side fortunately buying some of the puts and selling them, i'm out of both those now. they expire the end of the day i'm already out of both those. last thing i will mention, taiwan semiconductor, they went out to october, buying deep in the money puts trying to get leverage, trying to trade something like selling stock. it is going to move at the same delta. that stood out for me as well. i don't know that it is over for the semiconductors now >> well, jim, here's a list of price cuts on micron goldman, westbound bush, raymond james, jpmorgan, probably others. >> yeah. the way i look at this, this is a mid cycle slowdown i know everybody is talking recession. we discussed it earlier. again with supply chain, on shoring, strength of labor market, i think the downturn will be short-lived. during a downturn, shipped orders go down, magnified what was double ordered last 18 months

nvidia is down. >> i am more focused on nvidia. >> very good. wwe, vince mcmahon, exiting, retiring. >> they have subscription businesses. the numbers are amazing. i think that will have a buyer. ufc, whenever you try to get information, you do get a sense that anything fighting will win. people want to watch people beat the heck out of each other. >> that is nothing new. >> that is bread and circus. i should do that. i should write that down. bread and circus. >> speaking of getting salt, moffat outperforming. they say the 20% discount makes no sense if this goes through. >> to they have a direct line to the justice department antitrust division? i don't think they do. but i do think something can be worked out. >> we will talk to michael nathanson later today. microsoft will report. >> microsoft announced that dollars stuff. i wish everybody had done that. you can't do it today. right now, i think people will wait. the dollar weakness, which is well telegraphed, the dollar is costing companies. this research is really great. a company that has

. >> you want to a fair price and not be crazy and saying i'm hearing about nvidia and saying is thata good value at 48? >> well, nvidia has some strongholds in some of the markets in specifically in the cryptomoney, which is now not such a hot market anymore, but it's still a very big market as a whole and therefore it is still drawing a lot of consumerm nvidia into that market. but, again, it's a matter of making sure that with the new market environment that we have, which is a way from the defensive value stocks that we played and did well for us, now we're moving back into tech but in profitable -- in a profitable way back into gross stocks, payment stocks are an area where we're doing very well because there's some great value, stocks down 50, 60% because of the downturn, which was only 2 2% of the market, but it hit some stocks all the way to 70%. that's where we're fishing in those sectors of the market. >> i'm glad you brought up payments because they were very sparkly winners during the pandemic. i mean, if you look at block for example, ticker symbol as q, it's up about 1.6

nvidia wouldn't benefit greatly if the chips bill is past.ter chips and their domestic company. man, i guess that really paid off. but papa pauly p did not just stop with nvidia, he also sold up to $5 million worth of visa shares. that the same one he got the ipo insider deal on? and up to 250,000 worth of apple call options in june. nancy and paul had a lot to celebrate in italy. all this money they were making, now they are back in the states, party about to end, because of "primetime" has filed a motion in court for the napa county d.a. -- hi, allie -- and county highway patrol to officially release all of the footage from pauly's wild ride. right as the american majority founder and ceo, so the pelosis are getting pretty brazen. i don't know how much more brazen you can get here, $52 billion for american computer chip manufacturers, oh, hey, the pelosis just happen to be invested big time and one of the biggest computer chip manufacturers. what are the chances. >> i put them at zero that it is chance, jesse. this is part of the approved c

that's the multiple that nvidia traded at prior to covid it's come all the way back down again. that doesn't mean we can't go down more in the next two months but a reasonable position would argue there's more potential upside in the highest quality names if you're thinking six months down the road than the downsides. >> bob, key thing there, highest quality. when we talk about a tech downturn or nuclear winter, take a look at some of the smaller names. they're not going to be able to hold up as well. even the mega caps are pulling back on spending that's going to have a knock-on effect and create this cycle we're not necessarily in the clear, right >> no, no. the key point is you can decline more the highest quality names aren't going to go away even in a recession, we'll have tremendous demand for technology just like we did during the covid situation. the companies will have a harder time raising money in a higher interest rate market going away, no, not even close. >> bob, appreciate that. quite a day. 2.5% gain on the nasdaq. quick live shot of the rose garden at the white

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

i think risk is somehow you get margins level off and nvidia comes back to the pacquiao eel see more of a correction i feel comfortable enough to hold it but that doesn't mean i don't see the risks involved in the company. >> on advertising, and social media you have meta, i believe, but you see a gap between meta and snap and i'm wondering what the difference is. >> it goes back to the risk capital story when risk capital dries up it makes the biggest, most powerful players in any space bigger and more powerful so if you thought that the faang stocks dominated in the last decade, risk capital dries up, they get more dominant because the young start ups that tried to eat away at the market share are not going to have the capital to do it that's my rational for sticking with the bigger and more powerful players in the games now rather than the upstarts. >> a few years ago you wrote about the effect of stock based compensation and how that can dilute earnings. feels more relevant than ever right now especially as investors are looking for more profitability that can be hard to see what

nvidia's stock is up 10%. he could be making anywhere from half a million dollars.lary vaughn, great reporting. welcome to the show from house intelligence congressman rick crawford. that is new sound from nancy pelosi. these are old options coming due. these are the story, they will increase by 50% of the amount of government spending on computer chip manufacturing. now 54 billion. on top of that a new tax credit worth 24 billion. $24 billion. so that is 78 billion. so he is buying the stock in chipmaker nvidia ahead of time and again and again we see this before with the pelosis. it is about their stock options. we'll get to that in a second. first take that on. >> well you what, if speaker pelosi could bring that degree of financial acumen and market savvy to the federal government maybe we wouldn't be $30 trillion in debt. somehow she manageses to amass 150 million-dollar net worthwhile the rest of us are out there struggling with 9.1% inflation and worrying about where our next paycheck is coming from, how much we'll spend in gas next week and all these other t

airbnb is going to lead you but watch nvidia 165 and change unbelievably, nvidia has not been above the 50-day going back to april and it's awfully close this morning as we are get a little bit of a tail wind for tech >> pelosi's buying it, apparently let's get a gut check on disney. hulu outranking the flagship service, disney plus, and each of the last six quarters, according to the "wall street journal," a sign of longer term upside for the platform and a complicating factor in deciding what to do about cnbc parent comcast's stake in hulu. hulu offering more entertainment for adults to reach a broader market with disney plus seeing growth flattening out. share price falling nearly 40% this year. brutal year for streamers. you can see shares this morning, disney up about 1.5%, little bit more than that >> netflix kicks off media earnings when it reports tomorrow afternoon and its results will be very closely watched. not only could netflix's subscriber trends indicate what to expect for other streamers but if the stock plummets further, it's down 67% year to date, it could be seen as

so sports remained his only therapy, nvidia is michael either. i don't train at all, and my physic deteriorates to such an extent that i drop into the category i'm supposed to belong in combat. meaning everything will be paid for even the 20 me to cab or i to university. and or i do everything in my power to improve my physique. and in theory, save the government some money. instead, they reduce my installments, even though i only want to live a self determined life with. if johnny loses his fitness, he loses his freedom. he has more plans and goals he wants to fulfill. he wants to start his own business, designing sportswear, and become a motivational coach. he wants to climb sugarloaf mountain in brazil, and if surfing ever becomes a paralympic sport, you'll do anything to take part. ah, i will get me. there is no impulse to both and if it doesn't what i need to find a way my most it takes a long time before i accept something doesn't work and he's like, ah ah, a conductor? tennis d w. what's from with he can look at his and future needs to be

apple, microsoft volatility, ripples in the stocks, nvidia, micron. seeing massive selloff pressure. that might be a good sign if we are talking about the case for tech broadly. on the macro spirit, less bring it back to bonds. the 30 year dropped below a 3% level. duration has been a major trade. i wonder how much will be the haven trade, how sustainable treasuries now? lisa: -- anna: in the minutes ahead, another blow to twitter which has seen a fair share of blows the past few months. it reported disappointing second quarter sales on top of the huge legal battle with elon musk. with us now is barton crockett, from rosenblatt securities. his -- let's start with twitter. you have the price target and you have seen what they said today. i guess your target is based around the legal decision going to be made about whether elon musk will walk away or not. what are the assumptions you are making? barton: our reading of the lawsuit, with help, is that must is very likely to see very clearly from the judge that he will be compelled to do the deal. so the $

david: as far as hardware, chips specifically, nvidia, your thoughts on that?ecause we have seen this rally quite hard recently. beth: we are overweight semis. what we have to balance as investors is that pc's and gaming are going to soften. we believe the data sector and automotive will compensate. growth segments our data center, automotive, and others like professional visualization. so we're willing to hold those positions and write out the weakness we might see from gaming and pcs. and of course the u.s. government is funding semi conductors. there is the chips act, there's up to $200 billion being reviewed from congress right now to bring manufacturing to american soil. this will also benefit to some extent design companies. that is your nvidia, amd, your manufacturing is intel, micron, applied materials, and lamb. there's quite a long list. the point being, that is a substantial tailwind that we want to participate in. david: beth, as always, thank you so much. fantastic insights. let's speak again soon of course . beth kindig, lead tech analyst at i/o f

scheduled to occur this week her husband, paul, made a million dollar purchase in a chip company nvidiae president signs it the bet could pay off in a big way. the timing of his stock buy is sparking some questions. >> the timing is that a long time ago or a year ago my husband bought -- we have been following technology for a very long time. these were options that were purchased a long time ago at that time that came due. >> there are questions why bipartisan efforts to ban lawmakers and their spouses are synth stagnant and not coming up. there is bipartisan support like alexandria ocasio-cortez and senator josh hawley who both support this idea. despite being introduced months ago speaker pelosi has not brought it up for a vote. >> the one person that controls the whole house can determine what bill comes out of committee, what bill comes to the floor. as the speaker of the house. paul pelosi and nancy pelosi made $5 million the last time this happened. >> her spokesperson tells me the speaker does not personally own any stock. she also has no prior knowledge or involvement in any tr

nvidia is the same story. going away we are going to need more, price have been been to smithereens i like that. tesla is all about something that is impossible, people think it's impossible it's not just cars were taken of tesla as a car company you've already gone off the map. tesla is more than that, controversy exit very appealing to me. ashley: it is interesting that the growth stocks, big tech have been the market leaders for so many years but where is the leadership going to come from now in this environment? >> right now it's going to come from the survivors this is a structural shift in our economy the rules of money have changed this is a pivotal point in history right now that the way in which we calculate value and separate price has changed, it's no longer about finding the hotspots is about finding the companies that are going to be with us and they're going to encompass that are well beyond simply a tech company and automotive company. companies that transcend the boundaries which is why wall st

nvidia, nothing to do with paul pelosi's stock purchase. the stock is down.price target from 295 to 200. today, president biden will meet with some ceos and labor leaders to discuss the chip act i imagine nvidia would be a you were beneficiary. stuart: i don't know but i would imagine so. thank you, lauren. >>> the administration continues to downplay talk of recession ahead of gdp numbers coming out thursday. edward lawrence at the white house. they're trying to change the definition of a recession? is that what they're up to? reporter: latest message, move along, nothing to see here. we'll see a blitz this week of administration officials and information from the white house arguing how we are not in a re recession. now the latest reading, the government reading of the gdp numbers comes out on thursday. the white house trying to add nuanced data to that in order to say what makes the recession. listen to this. >> trying to change the common definition of a recession because next thursday the gdp numbers coming out will show we've been in recession? >> let m

nancy pelosi's husband paul a long time wall street investor bought lots of shares of nvidia ahead ofate approval yesterday. that has led some critics to claim foul play but the idea that the senate would pass the bill was nearly guaranteed. not only did it have bipartisan support the senate had actually passed something very similar back in march. for that matter nvidia probably won't benefit from this as much is and how well. >>> experts tell us gas prices have likely peaked and may have hit a four dollar nationwide average in the next few weeks. demand starts to slow and they speculate that demand will fall even further when the world falls into recession. it is one of those things that you can't have a vocal age. you can have a strong economy but you can pay a lot of gas money issues because a lot of people are manufacturing or moving. are you can have a weak economy and low gas prices. it's very difficult to do both. >> speculators are speculating a lot. >>> it is 5:18., con is kicking off in san diego. we will have a lien report later in our newscast. but there's also a 14 foot

nvidia 250 from 3, mxpi, jim owns that, sky wards to 120 from 150. jenny's intel from 40 to 50.t to do with this, jim, because you do is have expositive in nxp and nvidia there are concerns about sp spending and what was double ordering, and now you have a glut of chips after a shortage. >> i think what you just said is way down mi micron, when they announced earnings and guided down and it was terrible and everyone felt awful and then samsung got it positively now you've got taiwan semi doing the same thing this is a battle health sector as for as the global economy depose so far the scorecard is tilting ever so slightly in favor of the bulls. it's not that i'm ignorant about what you're saying because of the supply chain shortages it's because of the semi-conductor world where they're still in high demand autos are still at the top of the list if it's a complicated thing like an airplane, you're looking for more and more chips your supply chain has not unclogged. overall it tilts toward the bulls. >> okay. applied material you've got intel, jenny, teradine as well. >> you can

fresh off buying 20,000 shares in a chip company called nvidia. it would skyrocket. and just like magic, the stock is already up 16% just in the last five days. hmmm. it's almost as if pappa paulie p. saw the bill coming. how odd. fancy nancy says there's nothing to see here. her office telling us, quote: the speaker does not own any stocks. the speaker has no prior knowledge or subsequent involvement in any transaction. one problem with that statement, california is a community property state, which means spouses split assets 5050 so when paulie p. slings a couple stocks, nancy automatically gets 50% of the action. this looks so bad even the lefties on cnbc don't like it. watch. >> why hasn't congress moved on this and then i say why hasn't congress moved on it look who is in charge of the house. doesn't it just undermine the credibility of congress and our elected officials? to think that nancy pelosi should be recuse herself negoti, voting on and participating in any conversation around the act. >> jesse: that's a good question. let's ask crimi

nvidia makes chip systems for cars, robots, and other technology. congress, is expected to pass a bill that would give about $52 billion in aid to the semiconductor chip industry. speaker pelosi spokesperson telling me this. "the speaker does not own any stocks, as you can see from the required disclosures with which the speaker fully cooperates, these transactions are marked sp for spouse. the speaker has no prior knowledge or subsequent involvement in any transactions but some lawmakers say whether speaker pelosi knew about the purchase isn't the point. she still stands to profit and even though it may not be the lawmakers themselves making the trade, lawmakers do have the power to vote up or down bills that could reap major returns for their investments." >> this stinks to high heaven and as the american people are suffering as they are looking at their investments continuing to plummet the fact that the pelosi s are profiting just doesn't smell right and frankly it's one of the commitments of republicans in the majority to make sure that we have

that rough ride for technology the first half of the year, investors are hanging around adobe and nvidia. something to watch. kriti: absolutely. we go from markets to politics. turning to the u.k. where the prime minister's government is continuing to unravel. he is vowing to fight on. pm johnson: the last thing this country needs is elections. the only thing will be the general election two years from now. kriti: this comes as the committee did not change the rules around the tory leadership contest. the decision whether he faces a no-confidence vote will be next week if they get the resignation. guy johnson is joining us live. where do we actually go from here? talk about the candidates that could succeed boris johnson if he does resign. guy: let's deal with the latter issue and then the former issue. we are in a bit of a hiatus right now. kriti, the 1922 committee looks like it has kicked the can down the road. it will have a vote next week. it will them potentially vote on the rule change that would allow it confidence vote. you have a series of very senior government ministers about

. >> makes sense i was going to say nvidia is a share gainer but every time you mention nvidia it gets head handed to it >> although, jim, if you look at the top ten market caps, nvidia is back on the list and meta is out. meta moves to number 11. >> spending a lot of time thinking about meta and what mark has to do and when i woke up this morning i saw that tiktok might be sharing information with china maybe that's an opportunity. they said they turned that attractive opportunity to rat out everybody to china, turned that down. it's obvious when mark zuckerberg is not -- i wish they weren't losing the cfo there was a moment where he said the worst is -- things are going to get worse his candor is extraordinary, but there could not be a worse thing to say because look, if you own my stock, you probably want to sell it and then maybe you'll come back. i've never heard a ceo say hey, listen, maybe you should sell. he's a competitive guy i would have said we see 2023 being better instead he went with the worse case scenario that -- that's like -- again, the analogy to the nfl. a coach sa

. >> apple, tesla, alphabet, nvidia leading today some good strength in those names this week. mike, thank you. before earnings, we're getting ready for the big jobs report out tomorrow morning expected to show a gain of more than 270,000. the federal reserve also keeping an eye on that number as it tries to cool the labor market and inflation. just in the last hour fed governor christopher waller says he is backing another 75 basis point hike at the fed's july meeting. joining us now, michelle girard and paul chrisner. i think that's the big question for investors, michelle, is whether the fed once again will follow the markets, maybe not in the next meeting, they'll do 75, which is the expectation, but just in terms of cooling down the rate hikes here on signs that inflation is easing >> yeah, i think that's exactly right. the market has priced in a lot of fed tightening. we're looking at a funding rate over 3%. i think the expectations are most likely 75 basis points in july, maybe another 50 in september. but, you know, will that be essentially it, even if they do a little

i'm back buying more nvidia down here because i think it is okay.ning of the year, a lot of folks, last year you were ahead of the crowd. you got out of growth, went into value. it was looking amazing, all of a sudden defensive sectors took over at the expense of everything. is there one sector you want to be in more than any other to hide out until the coast is clear? >> so, no, i guess where i have, where i put a lot of money this year is in the consumer staple sector. i think between that and utilities more in consumer staples. i think i will stay with that weighting because i'm sensing we'll test lower again. i don't think it is going to crash but i think i will fine safety. i will get paid to own the names. they're big multinational names with international exposure and they're consumer staples. they are stuff everybody needs. i'm buying stuff that you need. charles: well, we all need some ketchup that is for sure. you don't use ketchup in any of your recipes i bet? >> no. just on my cheeseburger. that is about it. charles: kenny polcari, thank

of chips for automakers, and they have 50% exposure to the automotive market whereas nvidia is only0-600 million, so very minimal exposure. charles: you stay away from the names on here with too much retail exposure. you wouldn't do a home depot or amazon. >> no no one else is saying it, i believe we're in a recession right now. i think that q2 print is going to come out, you don't want to own those names. charles: there's a separate list of the largest percentage losers. netflix at the so much the list. doesn't make it any more attractive, listen, if you're a comcast, if you're an apple, if you're disney, don't you say, okay, i wish i could have bought netflix 20 years ago, could i buy them now? >> they're cheap, but it's going to get cheaper. the average consumer has 4-5 streaming services. netflix overspent, they're starting to do hayoffs. i don't love it here concern layoffs. i don't love it here. charles: many general, how because the market begin to turn around here? i mean, obviously,st got to run the course, but what is the spark, in your mind in. >> honestly, i think it's t

nvidia, gaming revenue that has the street worried netflix, a slowdown in streaming spend driven by macro headwinds. apple cut the price target saying we should expect much worse than historical growth for hardware in the upcoming quarter. this gets in the thick of earnings season. john, carl, this is something we have talked about in the past. there is great hopes on the businesses of the three hyper scalers, john. but i wonder if this earnings season could be sort of a reality check. i just went through a list of the biggest players. is that going to weigh heavily on cost spend? >> more important and you look at those stocks on the screen right now, notice that microsoft is down significantly more than the rest and i think that might be because microsoft is in the business of enterprise software. and, you know, bill mcdermott talked about jim about macro impacts on the business, something that i've been wondering about. we've been talking about here ever since mongo d.b.'s earnings where they said, yeah, with he see stuff happening in europe. we don't think it's going to really affect o

what is your final trade >> nvidia. if you think this tech bounce has legs, this name will definitely play. >> see you in a few hours. >>> thank you, scott hi everybody and here is what is ahead on "the exchange." bulls are back in charge with stocks staging another strong rally. perhaps this one will have more staying power than yesterday's we look at why we may be closer to the bottom than the top one of our guests was positioning for what they call significant up side ahead. and plus a major divergence between snoougsinstitutional anl inve investors. we'll tell you what it is. and the streamiiing giant expecd to lose 2 million subscribers, is the bar finally low enough. and two other names, all in today's earnings exchange. first let's get to the markets and dom chu has our number >> has the market gotten low enough to be a buy one of the reasons why you are seeing such volatility in a maybe what can be characterized as a consolidation phase for the market right now, trying to figure out what the next leg will be up

speaker pelosi's husband apparently teed up a controversial stock purchase in computer chip giant nvidia% over the past year, but today it is up 2 1/3%. let's get to the breaking news on this procedural vote tomorrow and the story involving speaker pelosi. >> good afternoon, liz. well, if this vote is successful, if the bill passes, it could be a really lucrative deal for speaker pelosi's husband paul, who did make a very well-timed stock purchase ahead of this bill going to the senate floor. speaker pelosi's husband paul just disclosed a million dollar stock purchase of a major chipmaker nvidia in june. they make chip systems for cars, robots, and other technology. the purchase, though, happening before congress is expected to pass this bill, and the president is expected to sign it. as you mentioned, 52 billion in aid to the semiconductor chip industry. so now some house lawmakers are renewing calls in light of this stock buy to vote on a proposal that would ban members of congress and their spouses from trading stocks while in office, due to conflicts of interest. speaker pelosi spoke

nvidia is doing well net flflix is rallying ahead of earnings tomorrow.the cruises and casinos. let's hit apple because shares did turn negative and it took down the whole market. a report from bloomberg that the company plans to slow hiring and slow spending for some teams in 2023 spending cuts come from r & d and certain groups within apple. jon fortt joins us jon, how much of a bellwether for other companies should we take this apple news >> i think a bit i'm kind of surprised that the market reacted to it because in a way google put out similar news just a few days ago about considering hiring more carefully. not layoffs, but considering more carefully then when you consider what apple is, it's got about 154,000 employees, most of whom are in retail given that sort of exposure to the consumer, even the high-high-end consumer specifically, if there's a macro slowdown, you'd expect apple to be cautious, not necessarily that they're going to cut but we'll see what divisions end up being affected. >> apple is down about 2%, mike. i guess it's just always

nvidia makes chips for cars, robots and other technology.s a bill that would give about $52 billion in aid to the semiconductor chip industry. some lawmakers say whether speaker pelosi knew about the purchase is not the point. she still stands to profit. even though it may not be the lawmaker themselves making the trade, lawmakers have the power to vote up or down on bills that could reap major returns for them or their spouses invests. there are several bills in the house that would ban lawmakers and their spouses from trading stocks while in office but it is also not just watchdogs in washington that have caught on to the trend of paul pelosi's stock buys. mr. pelosi's stock trades are tiktok famous. investors tracking his trades, looking what he buys for tips on what they should invest in. that is really not a bad idea, liz, because paul pelosi's portfolio outperformed in some cases the s&p 500. liz? elizabeth: hillary vaughn, thank you so much. joining us from house oversight he is congressman byron donalds. congressman, a pleasure havin

i can't not acknowledge that, and i'm long nvidia and i'm long a and d. lam research is by far the best large cap semi chip maker you can buy. i've owned it in the past. they've got a strong balance sheet, a nice capital allocation strategy, but their ability to grow their revenue in future quarters is constrained by the challenges right now in the semiconductor industry and there's not the clear visibility that we thought there was going to be in prior quarters when that ultimately would be residing itself we thought we -- at this time, we thought we'd get the clarity. we don't yet have the clarity, so you're going to have to hear from management that they are overwhelmingly confident that they're able to come -- overcome a lot of the changes that have been placed now for the better part of the last 18 months. >> i mean, who in any business is able to articulate -- >> but the semis are the most critical industry to the entire economy. >> jenny, if you are -- there's a binary thing either if you believe you're going to have a recession, how can you be pos

upside relative to october 2022 call prices so, again, you're on this -- the qualcomm trade along with nvidia two of the stocks mentioned in the earlier note i referenced. >> in the earlier note, qualcomm they said mixed. the reason it's mixed, there's some issues with cersmartphones, particularly related to demand in china with the shut downs they have been going through the reason there's a positive for qualcomm, they have been diversifying away from smartphones, a big part of their business, but into automotive and internet of things, which are growing areas. we know there's a muddy chip shortage in automotive i actually think qualcomm or nxpi frankly at these prices are really really cheap. it's a time frame thing. again, the next month, i don't know the next six months, i feel pretty good about owning those chip names. >> you used the word muddy a moment ago, and speaking of, short seller muddy waters is taking a new position. it's in an energy stock. we're following that money we'll tell you which one, next ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina?

from overseas back into places like arizona, like new mexico for example, for the likes of intel and nvidia., the question is it doesn't actually pass the house and there are questions on whether legacy chipmakers can get the grants even though they have massive businesses in china and taiwan. we will keep you apprised of all of that. for now, it has hit the senate. let's get back to the event of the day, the federal reserve. 100 basis points on the table. what is interesting is the case were simply the risk and whether it is too fast or too slow. what is the bigger risk here? the city chief economist weighed in earlier on bloomberg take a listen. >> the risk the fed is faking -- facing is not hiking. if you do not hike fast enough, you get higher inflation and it becomes embedded in the economy and that much more difficult to bring it back down. he may need an even higher unappointed rate to bring it back down. does the fed care about unemployment or inflation, the right thing to do is address inflation had on. kriti: of course the chief city economist right there and base case is 100 basi

verbet for the bathing season only until august 4th haier gaming laptop with nvidia geforce 1650 graphics only 79.990 rubles. i bought in rbt.ru you travel around russia opa can swim season only until august 4, so a narrow candy washing machine with a load of up to 5 kg for only 22.990 rubles. bought the season for werther. your word for a couple of days, you put yourself in order and we give ourselves on the field, don't worry. you tried on the way to your dream, it is important that they believe in you. i won’t drag it, it’s already sabotage is no longer a coach. here i decide how you train do not like to get out of the club with a wolf ticket. wow but it is even more important to believe in yourself to look. i'm afraid. you think i don't hear what they say, what they scream their hatred i feel i hear. it's just a game. come out coach at 23:50 on channel russia release hundreds of fitness enthusiasts in balashikha believe that they were victims of a scam . it only intensified when the past of this place was revealed, what happened there. our correspondent denis moskovsky went and sent h

oops, the bathing season can only be until august 4, so the hair gaming laptop with an nvidia geforceonly 79,990 rubles. i bought it at rbt.ru, traveling around russia in the summer will be interesting, you ask in the summer it will be exciting, because if it will be exciting with them in the summer, it will be informative that such a premiere in the world would not be boring. movies tv series documentaries cartoons nothing is impossible watching the release the area of ​​forest fires in russia has grown by day and a half times says, almost 80 thousand hectares, the most difficult situation. in yakutia , 99 additional paratroopers from the krasnoyarsk territory were sent there, the delivery of equipment in the area of ​​​​extinguishing is impossible according to forecasts of experts in the field of frying and dry weather. nine regions of russia may be in the zone of extreme risk? the security of the main military naval parade will be provided by the military police unit; the rudders will keep order on the streets and control the passage of ships in water areas. unique equipment design

only until august 4, as a hair gaming laptop with an nvidia 1650 video card for only 79,990 rubles forhing season. do not buy until you compare yourself here the largest insurance companies offer the best prices for siege go to the site or in the app to compare and save on buying osago the best. option only until august 4th so haier smart tv with a diagonal of 81 cm power for 17.990 rubles. we bought the season in rbt.ru everything that the experts want to find, we guarantee the quality of the profitable video liquidation for 34.99 rubles. and in installments m.video are going on vacation. book hotels on twil.ru. cashback 30%. well, you say no, well, they are so tasty without the meat of your own farms you can’t stop. verbyta tastes so good to me. buy the season only until august 4, so the rotor dryer for berries and fruits with five pallets is only 990 rubles. by bathing season in rbt.ru pay through sbp and win the main prize, actually a million rubles. pay for purchases through the system of fast payments and promotion partners and participate in the drawing of cash prizes every day.