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outscale, with the resources to serve 1,500 clients in 52 countries.s beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> stocks are down as interest rates, of course, continue to weigh an sentiment this is ahead of fed chair powell's speech on friday in jackson hole, wyoming. housing markets, one of the country's largest lenders, nation's lending, jeremy softko. we talk a lot about higher rates, but what does it say overall for the housing market affordability issue to begin with, not to mention not a lot of houses out there for sale how does that all add up right now? >> well, you've hit the two points on the nose, lack of home building over the last decade. we've had increased interest rates, skyrocketed since january. affordability is a huge factor right now. so we need to see something break. the first thing that we see breaking is going to be the home values i don't think the feds are in any position right now to start lowering rates in fact, probably expect them to stay in

outscale, with the resources to serve 1,500 clients in 52 countries.viction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> welcome back to "squawk box". disney reporting numbers last night. surging 26%. then announced a strong civil subscriber growth. for more on this we want to bring in tom rogers and a cnbc contributor. and eau claire atkinson. the chief media correspondent. good morning to both of you. you look at these numbers and by some estimates are good but the subscriber numbers up against netflix and say in three years, they got pretty close. >> we have to cut through the spend a little bit and do some media math. they beat expectations and the parks are on fire, but in all my years of working in media, i've never seen this calculation before. it be like if they end up cnbc, see msnbc, and bravo, and oxygen as a we have five and a million cable subs. i'm not sure it is really a number that means anything. i think the tale of it, if you're going to make th

outscale, with the resources to serve 1,500 clients in 52 countries.on that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> welcome back to "squawk box" this morning shares of zoom are under pressure once again after the company missed expectations on revenue and offered weak guidance first on cnbc is cfo kelly steckelberg. thank you for being with us. let's talk about this quarter but let's talk about your expectations and what you think growth looks like at this point. because i think there had been outsized expectation among investors and among the company. >> we're really excited about the progress we're seeing in the enterprise segment of our business which grew 27% year over year. we did talk about, though, impact from fx and macro economic environment it's mainly focussed on the online portion of our business, the part of our business that grew dramatically over the last two and a half years, and it's now dropped down to under 50% of our revenue but is really bein

outscale, with the resources to serve 1,500 clients in 52 countries., with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. another busy day? of course - you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want - your team, ours or a mix of both. with the nation's largest ip converged network. from the most innovative company. bring on today with comcast business. powering possibilities. >>> welcome back to "squawk box. rick santelli here at cme with breaking news, trade balance for the month of june breeches the 80 billion level that's smaller than expected even though it's still quite huge it's the first time we're under 80 billion on the trade deficit since the end of last year when it was 78.8. that's good news indeed and last month r

outscale, with the resources to serve 1,500 clients in 52 countries.last, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> good morning futures giving back some of yesterday's gains, as the markets wait for j. powell's big speech at jackson hole >>> the earnings season that keeps going and going and going. a run down of the morning's movers >>> and when elon musk isn't fighting with twitter or tweeting he's trying to bring cell phone service to the nation's dead zones. the second hour of "squawk box" begins right now >>> morning, and welcome back to "squawk box" here on cnbc live from the nasdaq market site in times square i'm joe kernen with becky quick. andrew is off today. a rally at the end of the close yesterday to end 300 points bo we're going to talk about interest rates and all that because of the big jackson hole speech coming from j. powell at 10:00 a.m. this morning. ten-year ahead of that at 3.07 and oil and natural gas right now

outscale, with the resources to serve 1,500 clients in 52 countries.ction "squawk box" rolls on after business of prudential. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq ♪ ♪ the thing that's different about a vrbo vacation home. you always have the whole place to yourself. no stranger at the dinner table making things awkward. or in another room taking up space. it's just you and your people. because why would you ever share your vacation home with someone you wouldn't share your vacation with. ♪ ♪ >>> welcome ba to "squawk box" right here on cnbc we've got a debate for you this morning. senate democrats narrowly passing that sweeping clie ma'am reduction act. joining us right now to discuss what's in the bill and what it means for business, former representative donna edwards is with us from maryland, and kev

outscale, with the resources to serve 1,500 clients in 52 countries. conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> coming up, ceo of imax will join us to talk about the return to theaters and winners and losers at the box office and very troubling popcorn shortage. >>> later, crude prices fell 7% in the month of july we will talk to goldman sachs head of commodities jeff currie s ith aolling over or not we'll be right back. (vo) you can be well-dressed. you can be well-mannered. (man) oh, no, no, after you. wahoooo! (vo) you can be well-groomed. or even well-spoken. (man) ooooooo. (vo) but there's just something about being well-adventured. (vo) adventure has a new look. discover more in the all-new subaru forester wilderness. love. it's what makes subaru, subaru. (vo) at viking, we are proud to have been named the world's number one for both rivers and oceans discover more in the all-new subaru forester wilderness. by travel and leisure, as well as con