90 p. asking that they are paid 90 p. -- £40 an hour to be paid 90 p.- - £40 an hour to be paid 90 p. so what ou're £40 an hour to be paid 90 p. so what you're saying — £40 an hour to be paid 90 p. so what you're saying is _ £40 an hour to be paid 90 p. so what you're saying is that _ £40 an hour to be paid 90 p. so what you're saying is that you have - you're saying is that you have basically had what is in effect a pay cut over the past years and you're asking for reasonable increases. but people might be watching and thinking a 35% pay rise is incredible, given what other people in the private sector are being offered at the moment. how do you justify that demand? i being offered at the moment. how do you justify that demand?— you 'ustify that demand? i think i can you justify that demand? i think i can answer— you justify that demand? i think i can answer that _ you justify that demand? i think i can answer that question. - you justify that demand? i think i can answer that question. we - you justify that demand? i think i i can answer that question

por más tieiempo y un alilivio rápipido de la p picazón. lesiones p por más tieiempo pueden p producirseerarasita. nunuevos o queue empeoren,, no cambibies ni suspspendas s medicamementos paraa el asma sisin hablar conon tu médicoco. sanar tu p piel desdee adadentro es a algo poderoro. prpregúntale a a tu especiciaa en eczemema acerca de e cóo dudupixent prpregúntale a a tu especiciaa en eczemema acerca de e cóo pupuede ayudararte a sanarr tu p piel desde e adentr. pupuede ayudararte a sanarr (vo) esta es lolola y está á en veririzon. una red inincreíble. tu p piel desde e adentr. y este, eses el nuevo o mypla. el p primer planan en el queue s elegir exactatamente lo q que quiere, y ahorrar r en cada bebenefic. lolala prepara s su myplan p pae a colombiaia. trtravel pass.s... ¡listst! ipiphone 14 prpro max... ! ¡l! bubuena selfieie. allá c conoció el l amor... pepero, hmmm y ya lo olvidi. apple e music... ! ¡listo! myplan de e verizon. elige e exactamentnte lo que quieres. pagaga solo por r lo que necece. y ahora a llévate unun iphone 1o max x por nuestrtra cuenta.. ¡dadate prisa!! eses t

p perfect. [laughteter] and sisince 2006, , both slslip gm terrrry mccumberr has s been headiding up hospspiy at this s appropriatately named partrty. it't's basicalllly a nightctb atat tea time,e, which is s w it gotot his name e of tea dan. so i it's reallyly just a nightclulub atmosphehere in the m middle of t the aftern. t the tea danance, it's j jt a a fancy way y of saying,, we're goining to have e a good . wewe're going g to party.. the fifinal compononent in keeg ththis long-rurunning provovinn tradition n alive is t the compmpletely unininhibited c c. dj mararyallice: t the great tg ababout the boboat slip isis, e welcomome everyonene. h hello! w well, hellolo there. dj m maryallice:e: and it'ss all kikinds of peoeople. i l love your o outfit. h hey, man, i i love yourr outfitit too almosost as much i like thihis guy's bebeard. straiaight brothehers likeke yourself.f. - are you u gay? - - no, i'm nonot. with ththis outfit,t, you shshould be gagay. i shoululd, right?? dj m maryallice:e:

p o plan. um, and there are a large number of early retirees in that plan, and so they serve benefit this year from that, but um, i think we will look at 2025, and we can't come up with some mechanisms to address the increasing cost of health care across the board. some of these other groups that maybe you know god got away this year will be important to recognize the stress and 2025 and i was like a pointed out and i think that's really adequately and brilliantly summarizes this. this is just a harbinger of things to come. now thank you for your commentary. just one clarification. there may be additional cetera. legal settlement dollars. um, that applied for 2025 rating. you know, depending on what store comes in, it will not be projected to be nearly the amount that has come in already that was approved at the april board meeting. or are there other comments concerns questions issues from the board. at this point. thank you, mike. and you'll be back. we know that so we'll take public comment

/ftpp“ “p: p yeah. suing qantas, she says. infuriating. i think if- you're just waking up and you're wepoppep— you're just waking up and you're wepoppep ppep— you're just waking up and you're watching that video for the ppep— watching that video for the pppep peee.— watching that video for the first time, - bet - watching that video for the first time, bet you're first time, i'll bet you're cross-you're- first time, i'll bet you're. cross-you're angry. cross. i'll bet you're angry. pwp— cross. i'll bet you're angry. pwp-wepp- cross. i'll bet you're angry. but-we'll all- cross. i'll bet you're angry.- but-we'll all-down but maybe we'll all calm down epowp—ppepee- but maybe we'll all calm down about—maybe let. but maybe we'll all calm down about—maybe let usj about it. maybe maybe let us know what you think. gb views at gb .com. 715 let's have a gb news .com. 715 let's have a look the other stories this look at the other stories this morning. the national education union announced more strike union has announced more strike acti

p, p. and i didn't even know that p p p at the time stood for prohibit in personnel practice. and so it was add her coaching that i went to v o i g a o s c the i'm the guy that just went to everybody because i wasn't really sure at the time what to do and i was, i was just kind of learning the ropes, there was no one to talk to know when to ask questions i, i felt very alone and trying to figure this out. i'm sure i made mistakes early on . there were lessons to be learned. but i do remember, i know i g telling may you know, be in for a penny, be in for a pound is sent to go to o. s. a. so i, you know, i kind of followed the advice of these people in authority that i thought were helpful. are there to help me, right. and that wasn't always the best and pockets, right? well, in, in government we're all taught to go through the chain of command when we see evidence of waste, fraud abuse or illegality. you, you went through your chain of command and then you ended up going to the, to the inspe

p p and i didn't even know the p. p. p at the time stood for prohibited personnel practice. and so it was add her coaching that i went to v o i g a o s c. the administrative just wanted to everybody because i wasn't really sure at the time what to do and i was, i was just kind of learning the ropes. there was no one to talk to know when to ask questions i, i felt very alone and trying to figure this out. i'm sure i made mistakes early on . there were lessons to be learned, but i do remember, i know i g telling may you know, be in for a penny, be in for a pound. he said to go to o. s a. so i, i, you know, i kind of followed the advice of these people in authority that i thought were helpful, or there to help me. right. and that wasn't always the best and pockets, right? well, in, in government we're all taught to go through the chain of command when we see evidence of waste, fraud abuse or illegality. you, you went through your chain of command and then you ended up going to the, to the inspector general and to the off

should not be trading at a forward multiple above where it was trading p pre-covid. so, dan's chart, liz young's chart, all great stuff i would show the two-year chart is one that we're within 15 bips of the high for this period, but we're within 15 bips of a 16-year high in two-year rates and you're back to 2006 or 2007. so, you're at an extraordinary place here for the consumer, and we saw jobless claims this morning, we saw gdp, upward revisions this morning that were probably consumer-based. they were better than people expected in terms of consumption level. but i'm looking at disposable income as a percentage, debt le levels almost 10%. i'm looking at deck coverage ratios at 17-year highs, looking at consumer credit that's up 12.5% over the last 12 months to 1.23 trillion or so. it's just -- you know, at some point, this is the problem that rates haven't been this high and they're going up off of zero so, equity valuations are reflected from the long end, which i think dan and liz are talking about, and i would just put the pressure on the consumer here i think

now the s&p is acting relatively decently and we've left bear market territory, but in the s&p , of course all these large high-tech names which basically have a big percentage influence on the overall average the dow pretty anemic. can't seem to get out of its own way but you know, people say well the dow is not representative of the broader market. liz: it's 30 stocks. >> right but the fact is if you look at the long term charts of both the s&p 500 and the dow, they pretty much track each other overtime. liz: could i just make this point and dutch, we're looking at apple. i don't know if we can pull up apple. it's on track for a record close apple is one of the stocks, those five or six that teddy just referenced that have really been what's lifting the market, some people call then the microsoft, apple, netflix, nvidia for example, one of the n's, nvidia has been great, alphabet, google, so, tell me, are you in the camp of i don't believe it quite yet like teddy is? >> oh, no. actually, couple of weeks ago, trader z, our resident genius and myself, were strategizing and looking at the c

now it's right to fade the s&p relative to the dow.eading now is the third most extreme in 30 years, and the times every other one you've snapped. basically it's a value growth bet here. >> right mike, your thoughts? >> yeah. i mean, this is a similar theme essentially so, of course, i'm in favor of it, and, you know, an important thing to think about, you know, we often talk about spreads on this show i think it makes a lot of sense at times to people to try to look to credit trades when you're looking for options, and so selling, put credit spreads, calling credits spreads can make a lot of sense, but the thing is options are very cheap here, so actually what i would recommend instead, buying these calls gives you a relatively low cost some upside exposure, and as the market most of the, you will have the opportunity over the course of the next three months to make needed adjustments and it will roll and makeshorter i calls against it and work it towards the diagonal applied volatility will rise number one that will help support the

the s&p 500 rising on average nearly 3.5%. that's compared to the average july performance since 1950 which saw the index gain 1.3%. so for more, let's bring in kaleicadinha-puaa. this is a situation where i was always growing up in this wall street environment where it was sell in may and go away for a good reason. it seems as though the market narrative has changed. how much of this is because of the normalization, if you will, of markets since the all ultra low interest rate regime of the great financial crisis >> that is attributed to some of the market growth. i think really what is fuelling the market is this resilient consumer that we have and jobs continue to remain strong. you have 10 million job openings for 6 million employment as long as the job market is strong, the consumer should remain resilient there are hints of some cracks, if you will, in what could be potential downside on consumer spending we are watching it closely it is really closely related to the credit cycle and crunch that we have been noticing. >>

the s&p is concentrated as it ever has been with 32% of the s&p in the top 10 names but there are still only at the large cap level but at the mid and small cap level too. with mid and small cap names trading at about 30 to 40% of their long-term pe averages they're very profitable, they have relatively good cash flow and if we get this recession that you know, as we've noted it always a quarter a way, who knows when it will happen, if we move into that recession a lot of these potential downturns and negative effects of a recession are priced into names so i think we would want to focus in on those areas which are generating good earnings and are trading at prices that are far below their long-term averages. liz: let me just say, tim, the russell 2000, small and mid-caps, 2000 names is there a specific sort of subsector that you like? >> i mean i think really all of them together look like they're attractively priced. i would say at the large cap level we're, it is where you have a lot of those names and sectors trading at big premiums. the market is paying a lot for the security of th

having a nice move in the final hour s&p 500 trading above 4,400. been up five weeks in a row. nasdaq up as well. yields falling apple trading at its all-time high leads us to the talk of the tape, the fate of this rally 24 hours ago it looked dicey now not so much. what does it mean? let's ask liz young, sofi's head of investment strategy what's this about? >> one heck of a rally this is maybe something along the lines of do as i do not as i say. the fed said we'll hike two more times, the inflation fight is not over we had the terminal rate move up 50 basis points. the inflation moved up only 30 basis points the market in theory should not like that. frankly i'm not sold they're going to hike again. i don't know they're going to be able to. i think there's going to be some kind of reckoning with the liquidity issues about to hit the market in a lot of different ways i don't know they'll have the clearance to do it again the market just keeps pushing it out. it says we believe you might do it one more time we thought july, maybe now september. i think the big issue is that the

(cliente)) lo mas p probable? (e(empleado) si...ok.k... (c(cliente) ah!ca eso?o? (empmpleado) sisignifica quque cualquieier pa podría v ver tus menensajes tal l como cualqlquier persosone ver tu paqaquete (c(cliente) de ninguguna manera,a, deme i paquete.e. (e(empleado) ahí va!! >> (música). >> surge nueva información en el caso de los documentos clasificados hallados en propiedades de donald trump. sus abogados han sido notificados de la investigación en contra del expresidente que parece ser la más clara señal de que el fiscal especial que lleva a cabo el juicio estaría a punto de presentar cargos por retener documentos clasificados en su casa de mar-a-lago, y obstrucción al momento en que las autoridades federales intentaron recuperarlos. en francia, cuatro niños y un adulto fueron apuñalados en una zona turística al sur del país acerca de los alpes, dos de los pequeños y el adulto estaban en peligro de muerte. el atacante recibió un disparo y fue arrestado. es un hombre de 31 años con estatus de refugiado en suecia y según autoridades no tendría víncu

e Ñpáio, s&p 500 p/e is 18.8.to answer your questj■l■i■in pa, over at jpmorgan they say some argue the next leg up will be supported by laggards, right and he's talking about the cyclical areasw■ that have watcd technology stock, com services and discretionary, though it's a small part of the sector, run away with the race you do have industrials up, materials up 6.5,xd■small caps 5.5. he suggests that it's going to be a tall order for that to continue consumers starting to show signs ofw■/■ weakness. fiscal tail winds fading student loan repayments becoming a headwind again in the fall.Ñi9 so what may look like it's ready forÑi■a catch-up may run out of ó■(■ >> we're in such a unique environment, and i think we all reú because at the beginning of the year everyone is like we're going to have rate cuts by the end of the year. unless some event !■■■appens, wr not having rate cuts and the have them in 2024. wherei] ir said is challenging, in8árqi%1m and materials have done well the last few weeks materials, industri

but recently a new model called chat g p t. or generative pre trained a transformer, has gained significant it pension and interest from various communities. since the technologies launch in 2020, and many people use language models for a wide range of purposes. so just generating creative writing, automating customer service, assisting with research, and even generating new ideas. the ease of this a trend is expected to grow as more people become aware of the benefit of a i language models. while i has many potential benefits, it also has some possible drawbacks users should be aware of. let's start with buys a. our systems are only as unbiased as the data they are trained on. if the data has biases, the ai system will also have those biases which can lead to unfair and discriminatory outcomes. the lack of empathy and our systems are not capable of emotions or empathy. like humans, which means they can not understand human feelings or even their experiences. this can make it difficult for them to provide appropriate responses

all came with a p all containers. they would put it by and all the well is among the german brothers. they got clubs, they are a powerhouse in europe, and football does not renewing this deal, hurt them financially. yeah, well, you mentioned it's a very wealthy deal $25000000.00 a year, which for abundance of your clubs is a huge, huge amount. i mean, as close to the shut sponsorship with telecom, which is north of 45000000. um, you know, the contract was mutually ended. so it does pay the price and maybe they do have something else lined up here. they haven't been anything announced as of yet, but surely a lot of industry partners will be lining up to, to sponsor by and but, you know, this was more than just the sleep sponsorship. the yearly training comes i attended one of those training comes in del ha with a lot of p a. p r offensives with, uh, you know, advertisements in which buying players would be advertising for consolidated ways. so it was a massive, massive deal. and if you look at the sponsorship deals in

the s&p is now out performing. this is the euro stocks, the s&p 500 of europe.cks have exploded to the upside everybody, mike has been talking about it where tech is going and now europe, which has had great year, is under performing by 1 or 2 percentage points to the s&p 500. the sectors today here, you see the usual groups performing well energy starting to move a little bit. banks are having a little bit of a problem today on regulatory talk and there's tech which is flatish. it's been up and down throughout the morning. just look at the s&p 500 movers. you can see most of the time you still have the big cap tech names, apple, alphabet, moving it a few small discretionary names and walmart has been a stalwart as well. the chatter about new regulations for banks increasing capital requirements weighing on the regional banks today that's not surprising. we were waiting for those comment to come out. what's remarkable, the s&p 500, less than 1% from a 52-week high the old high 4305 on august 16th so you think, my gosh, we're going to have an explosion of new hig

s&p equally. small cap, and i definitely think that's where the second half you're going to see returns i don't think people are going to abandon per se what took them to the party but those seven names, the s&p, you know, 10, is not what's going to take you home for the party. it's the s&p 490 that will. >> yeah, you know, also too, scott, you've been talking about gdp. we could have an economy that's getting 1% to 2% gdp growth. i'm assuming that's in the second half of the year so maybe recession is off the table , but -- >> we've been talking about normalization. we spoke months ago when everyone said are we having a soft landing or hard landing and normalize back to 2% gdp and also interest rates maybe with a 4.5-5.5 ceiling instead of free money every everywhere which caused the inflation so that takes time to work through and we saw the economic numbers this morning. they are still strong. so all "the talk" about recession and slowdown it's taking time to filter through. it's doing it slowl

counter events and what is the cranes we to the topic along 5 sections of the front. merely an expensive p r stone. it would seem so washington has no interest in seeing this complex and this votes badly for ukraine, en freight car, acceptance. and i'm here to plan with you whatever you do. do not watch my new show . seriously. why watch something that's so different. whitelisted opinions that he won't get anywhere else. welcome to please or do you have the state department c, i a weapons makers, multi 1000000000 dollar corporations. choose your fax for you. go ahead. change and whatever you do. don't want my show stay main street because i'm probably going to make you uncomfortable. my show is called stretching. but again, you probably don't want to watch it because it might just change the way you to take a fresh look around as a life kaleidoscopic isn't just a shifted reality distortion by tell us to do vision with no real opinions. fixtures, design to simplify will confuse really once a better wills, and is it just as a chosen few fractured images presented to this, but can you see thr

piec plastitic but thrhrough a a p p that shohoots lightht throuough theyey can telll whatt type o o plplastic whihich may tell theh whwhere it i is comoming from. >> we havave r really high matc for polyeyester. most off o our clolothes at l l haveve some typype of plasticic ththem or a at leaeast partiall plastic. most of w what we find inn the environmenent are fibers. >> thehere is a lot o of unknkn and we're b basically a attacki alall off them all at once. >> r reporter: d dr. scott s sa ofof the unknownwns is how woro we s should be. is thihis reaeally ann issssue human heaealth? >> if it is an issssue for huma health i is drinkining watater wherere we should bebe invnvestr titime and resourcrces into momonitoring and controlllling? >> reporteter: the firirst step toto find o out how big t the p isis. >> exactly.y. >> repeporter: att a cost o of ththousands o of dollarsrs per this willl b be an expxpensive time cononsuming prorocess whicy kekeep othther states frorom jo inin. >> arere you guyss sort of lead the w way foror the restt of th worlrld? >> inn m many wayays we are.

the nasdaq is the big winner the s&p's best first half. we have a lot to work with inflation continues to fall. i'm so glad that we have lebed and weiss on together because your views -- >> that's one of us, by the way. >> -- are so opposed i'm going to give the ball to jim first. not that your positioning was so perfect but your call has been good now what >> so i'm sticking with the call steve has a different opinion but it's not like he's an idiot. it's not there's rationality to the thesis of 500 basis points of rate hikes should have a dramatic effect. there's rationality to the idea that the yield curve is a predictor. however, there are other perspectives and my perspective, scott and viewers, has always come from the point of view of what the companies are saying. it doesn't mean they're always right. companies pretty much across the board are saying things look good maybe not so much in retail. think about what the airlines are saying, casinos, steel companies. the companies see a more positive outlook, scott, than the macro econo

p?eyers, pl leleave a messssage and i'i'll t back to o you as soooon as i can >> seth:h: hey, daddddy, i'm so sorrrry about ththat lilizzo bullieied me into o doi- >> heyey, [ bleep p ] you. >> seth: s so -- >> [ bleleep ] you, , seth >> s seth: i lovove you, dadaddy [ laughthter ] >>>> i love yoyou, mr. meyeyers! memerry christstmas! >> seth:h: lizzo, ththis next bank -- ththis next sesegment -m just goioing to say y -- is [ bleep p ] dumb it's thehe dumbest o one we've done >> okakay. >> s seth: i am m going to r re what w we're calliling nog nogos okay if y you laugh, , you've gotot a shot ifif you don't't laugh, i'i've do a a shot -- >> i'm'm not laughghing. >>>> seth: youou're not lalaughg >>>> yeah, i c can be a ststoned bitch. >> seteth: you're e laughing a lot of dumumb [ bleep p ] today. >> welell, you're e welcome. [ laugughter ] all righght. >> s seth: nog n nog >> w who's therere >> s seth: al. >>>> al who? >> seth:h: i'll takeke some more eggngnog, pleasese ♪ >> whoo, a all

s&p up 4 and nasdaq up 24.reasury yields, we will watch additional treasuries issued in the wake of the deal with the debt ceiling the 10-year treasury at 3.801% 2-year treasury up to 4.056. >>> th

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dish is actually not only going out of the s&p 500, it's actually going into the s&p small cap 600. it's not even going into the midcap index there's a very predictable effect that happens. this was announced on june 2nd this is known as the s&p effect. in addition going into the edition tends to increase the price of the stock this is predictable. palo alto is up 12% since the announcement dish is down a little bit. the other thing that happens is this the day when all the index funds, for example, funds indexed to the s&p 500, ishares, vanguard, state street and others will put their buybacks in they're essentially rebalancing. throughout the quarter, companies have announced buybacks the usual suspects are here that have been reducing their share counts, apple, alphabet, chevron, berkshire, exxon, meta. they have been traditionally reducing share counts. the only note one is nvidia. what happens at the quarter, at the end of the day, the index funds will be reducing their share count of those that have been reducing their shares and adding to it this should not really result in a

the top five names in the s&p account for roughly 24% of the s&p 500 and among them are the big techames, google, nvidia, microsoft, apple. all of whom are believed to have a big lead in the ai race. right now, ai is all the rage and people are putting their money behind ai. it makes sense to me they would be targeting those companies. but, given those companies dominate the market, you have a market that is going up despite the fact that the vast majority of the market, it seems to me, has not really gone anywhere this year. that has started to change recently. but by and large, if you look at the year, you see these names carrying the market higher. i do not think it is a reflection of anything other than the ai trade that's my read. i think by a large this market is waiting to see whether we get a recession and how severe that recession is likely to be. it seems to me that there is a trend is a extra medicine amount of uncertainty about whether we get a recession, when it will come, how severe it will be. it is not surprising to me investors are taking a wait and see approach. jon

right now the s&p 500 is up 66 points. now, to officially enter a new bull market, it needs to close session up 71 or more points. we had this discussion, wait, is it within spitting distance or striking denies? we went with arm's reach, okay? that's a little bit further than spitting distance. [laughter] all right, big rally with 59 minutes left to trade for the week. you've got to stay until the end of this movie. the bulls are getting top billing at this hour after the may jobs report came in with a wild beat on one end but then a miss on the other making for one of those not too hot, not too cold goldilocks reports. the blue chips blasted out of the gate and with this gain of 733 points, they are eni joying their best -- enjoying their best day since early january with. now, if we look at the dow components of all of this, there are only two right now that are in the red, verizon and salesforce. the rest are in the green. charging ahead. folks, we are at a session high, just off it, actually, at the moment. dow up 730

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but recently a new model called chat g p. t, or generative pre trained a transformer, has gained significant attention and interest from various communities. since the technologies launch in 2020, and many people use language models for a wide range of purposes. so just generating creative writing, automating customer service, assisting with research, and even generating new ideas. the ease of this a trend is expected to grow as more people become aware of the benefit of a i language models. while i has many potential benefits, it also has some possible drawbacks users should be aware of. let's start with buys a. our systems are only as unbiased as the data they are trained on. if the data has biases, the ai system will also have those biases which can lead to unfair and discriminatory outcomes. the lack of empathy and our systems are not capable of emotions or empathy. like humans, which means they can not understand human feelings or even their experiences. this can make it difficult for them to provide appropriate response

you have the s&p 7 if you say ai, your stock goes up 20% then you have the s&p 400 which has a little tailwind. the stock market frankly is exhibiting signs of mania where you have ace of the market driving the entire train. it leads to a valuation which is pretty scary with an inverted yield curve and the fed raising interest rates the s&p 500 has a pe of 19 on a forward earnings basis if the economy weakens, those forward earnings are greatly exaggerated. the s&p 500 is really overvalued you have nvidia up over 400% year to date i'm going to say that's a lot. there are stocks like that leading the train. this is feeling like the lead-up into january 4, 2022 in terms of the action of the s&p 500. there's been a lot of -- you know, there were a lot of shorts there was a lot of pessimism we've had the type of retracement you would expect to call this a new bull market is pushing it with the s&p 500 at 19 times forward earnings. >> i'm just going off what technically they suggest we've been having debates every day as to -- >> you're telling me pacwest stock is in a bull market? >> your

. >>> right now on oa, countdown to the fed as the s&p touches levels not seen since last august, the question is how will next week's decision impact the market's new bull run. >> plus, charting the action in two red hot stocks, supercharge move in tesla and the smooth sailing of carnival, inside the numbers straight ahead. >>> and cashing in on a clunker, carvana left for dead earlier in the year, but option traders are feeding frenzy, the stock is coming roaring back to life. i'm melissa lee, this is "options action. mike khouw, carter worth, and brian stutland the feds meet next week on a highly anticipated decision on whether to take a breather from rate hiking campaign the volatility fell, carter, kick it off. >> right, before we look at the charts it's important to note, of course, that the real data point on the week was the inverse of every week for the last two or three month, which is to say the top 50 index, top 50 s&p was down. and then up, but only slightly, was the oex, the top 100, up 25 basis points the s&p, 500, up 39 basis points the midcap up 147 and the russell up

nenew cascade e platinum p pl.ly. ♪ >>> it's "sunday morning" on cbs and here again is jane pauley. >>> for all appearances, rock hudson seemed to be central casting for the hollywood heartthrob. but as we now know, there was so much more to his story. tracy smith looks back at the life and legacy of rock hudson. ♪ ♪ you are my inspiration ♪ ♪ marie ♪ >> reporter: a hollywood producer once called him prince charming. >> can't you see it's impossible? >> no. this is the only thing that matters. >> reporter: fitting nickname for a man whose life seemed, for most of it, like a storybook. >> i am an inspector. >> what would you like to inspect? >> you. ♪ >> reporter: rock hudson started steaming up the screen hadin th 1950s and continued nearly four decades in more than 60 films. >> i'd like to kiss you. >> that's even easier than dancing. >>>> reporter:r: but t today he perhaps overerlooked, says documentary director stephen kijak. why do you think his name is not up there with the james deans and marilyn monroes? >>

the s&p about three-quarters of a percent. josh, i turn to you, consumer confident, the best read since january of 2022. you said you like the tape looking at the second half, do you like it as well? >> i still like it and the main reason why i was speaking so ebulliently about the tape, so to speak, is not just because of what the s&p 500 is doing on a day-to-day basis but how many opportunities there are out in the market and i'm talking about dispersion and different sectors and catch-you have trades happening all over the place a couple weeks ago the narrative was it's just seven stocks, blah, blah, blah you hear of companies like delta, not involved in ai -- i don't think -- and you're seeing this from home building related stocks existing home sales the third straight month of higher prices. >> new home sales rising at the fastest pace in a year >> no doubt, cub scout you have a lot of dispersion, a lot of ways to make money. you do not have to chase apple and microsoft and that, to me, is a better tape than where this r

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i mean, we are already seeing that chat g p t has a clear left wing by us from numerous examples. are people on the right just going to have to create their own artificial intelligence? or can we have a technology that is more neutral? in many cases, artificial intelligence right now today is biased. there's a whole whole area of conflict within a i where it has different biases. and the reason for that bias is the training data and also who has programmed that a i technology. and depending on these 2 factors, you're a, i could be totally n t, n t, a certain group of people or anti a certain, uh, ideal or philosophy. and that's, that's where we are right now. uh, the creation and the design of e. i is not perfect to the training data it uses is not perfect. and at the end of the day, it really depends on whoever is programming, creating those algorithms. and writing that actual code is what are they thinking about and what kind of uh, output do they desire from this technology? i really feel that it's, it's an area of very complicated decision making of accountability and also rea

that's the massively invested in p s g. although they've scaled back investment a little bit there in terms of the trunk suspend, but they're also looking to buy manchester united or shake. yes and been how much is leading a consortium to buy mass united for 6000000000 euro. so in the 100 scaling back in germany on the other hand, scale help use mex merrill giving us a low down on this deal of buying munich, ending its partnership with cutaways max, thank you. it's the ability to go to engines and the strengths of life change during the corona virus pen demik have caused some western economies to reassess their ties with china in pursuing a china plus one strategy. vietnam, the country a vietnam has been among the preferred destinations for foreign investments in the region. but doing business there still has some drawbacks. the building sensors takes experience and patience, and that is what time brings to the table. the 30 year old has been working with people and folks, and what do you mean sitting for 4 years? the germa

s&p is lower the s&p is fighting to hold on to gains and notching the first full week win streak sincemarkets, let's bring in patrick fruzzetti from hightower. >> good morning, frank. >> what do you make of the futures? thes s nasdaq dipping positive. the s&p in the red after it moved higher yesterday what do you make of all this >> this is a fragile market. entire return has been driven by seven stocks in the s&p. the rest of the market has been flat i think that say sign of the fragile market and we have many things to think about in the months ahead not only $1$1 trillion of u.s. treasury, but weakening consumer. >> i want to talk about student loan payments. they will restart soon the average payment is $300 a person you have seen data and staff that may be higher it is an increase in money that people have to pay out and student loan payers are 20 to 30 to 40 and 50 what sectors do you see student loan being repaid having an impact >> sure. i'm avoiding, you know, consumer discretionary stocks that are expensive right now. lululemon or canadian goose. names like that face a lot of

abigail: it really does to -- seem to be translating into a sellout s&p five -- s&p 500 down .6%.he week as well. and the nasdaq 100 down more than 1%. and nvidia with the ai move coming out, we see it down more than one points -- 1.5% today. this is a big chart at first glance but it is an important one. here is the year to date rain the s&p 500 recently broke out of its range. both of the indexes are below the 10 day moving average. the russell 2010 day moving average breaking down the s&p 500 below its 10 day having average. the russell 2000 it seems to go back to the bottom of its range. it is not clear what kind of decline is ahead for the s&p 500 but i would say 5-10%. this may be a bearish chart, but overall sideways. we have a rally for bonds and yields with two year yield and 10 year yield. the bloomberg dollar -- dollar index .4% up. and gold is higher pointing to the haven aspect of today's trading. and commodities are down for another day in the row. what i want to point out is on the year on the s&p 500 it is up more than 10% of the bloomberg commodity index down more

tech bubble that could burst and break the s&p? a quarter of the main index is big tech >> this has been talked about ad nauseam the last several weeks and months i know you mentioned bearish sentiment from the pros of the what we saw is the greatest inflow into tech equities the last week all year long. this is concerning it comes at a point where tech valuations look stretched on both the p.e. basis and ppp.e.g where i think it was positive, we saw an expansion into other parts of the market to start to perform better industrials and materials turned positive on a year to date basis on friday after that move in the market overall. >> lindsey, you were questioning smart money with the other big investors and you say they missed part of the rally the point they were looking at here is in 2007 before the great recession, they had this view and now we are facing another recession. is there anything in the moves they're making >> sure. there is wisdom to look at the past history is never any guarantee i think that's one thing to remem

we start off with a winning end to a banner first half the nasdaq and s&p 500 jumping more than 1% today, both indseeds at the highest closes since april of last year the dow up 221 point, shy of its high of the year the nasdaq locking in its best first half since 1993 rallying 2% since january 1st 2023 eased nasdaq 100 leader so far, chip-maker nvidia surging 189% and meta platforms up almost 140% and tesla also more than doubling. then, of course, there's apple, the iphone-maker hitting a record high for a seventh day in a row and closing with a market cap of over $3 trillion for the first time shares are up almost 50% so far this year. so as we gear up for the second half, how much juice is left in this market rally, karen i think this is sort of the real that defies many, many, many people's expectations given the concerns about a recession, rising rate and, of course, bank crisis that we saw in marnaz. >> right it is sort of amazing. if you had known that okay we're going to start rising, and we'll be really aggressive and we'll be higher than you think and higher than what the expe

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the first chart we have is the s&p 500. what's so important is how precise today's high was relative to the august high. in fact, they're within pennies, as you can see, and we hit our head there and closed poorly, for all intents and purposes. second chart puts in a line to depict the circle do we press above the august high or check back towards that uptrend line i think checkback is what's likely finally, let's look at the vix what's important here is the vix is almost undone all of its excess associated with covid you can see that there, the line, horizontal line drawn on the bottom we're almost back to the level we were in the autumn of 2019 before this surge in the vix associated with the pandemic >> mike, what's your take on these charts and the markets >> yeah, i mean, this is obviously going to be a really big week that we have coming up here you know, what the fed says, i think, is probably what everybody's going to be keeping their eye on because although we go get inflation data in the form of cpi and ppi, we kn

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the dow and s&p up 2.5%. the nasdaq, running away, at 11% on a quarter-to-date basis this is a good quarter so far for stocks it is a similar story for the first half of the year the nasdaq is up nearly 30%. that is its best first half since 1983 s&p notches a strong six months up 14.5% best first half since 2018 remember last year was a terrible year for the stock market we are working off a low base. checking the bond market yields are trending higher continue to move higher this morning. the 10-year treasury is a hair below 3.89%. the 2-year treasury is 4.93% the 30-year treasury is 3.93%. in energy, a tough quarter for crude oil prices you see wti benchmark price up 1% $71.50 that $70 level is something we have been watching for some time ice brent crude is $75.19. up 1% as well. remember, wti is on pace for the second negative quarter in a row. brent is facing losses both down 13% so far this year as you see here. oil prices have been under pressure >>> let's check on the top corporate stories with silva

the top 50 index, top 50 s&p was down up but only slightly was the oex. then the s&p 500, up 39 basis points you keep going the midcap up 147 and the russell, small cap, up almost 200. that is the exact reverse pattern we've seen week after week with the larger you are, the more you've outperformed finally, participation from laggards the first chart is the s&p 500 what's so important is how precise today's high was relative to the august high. in fact, they're within pennies as you can see we hit our head there and closed poorly for all intents and purposes the second iteration puts in lines to sort of depict the circumstance and the issue is do we press above the august high or do we check back towards the up trend line. i think check back is what's li likely secondly, let's look at the vix. the vix is almost undone all of its excess associated with it. you can see there the horizontal line drawn we're almost back to a level we were in the autumn of 2019 a surge in the vix associaterd with that. >> mike, what's your take on these charts and the markets

i attended one of those training camps in del ha, we've got a lot of p a p r offensives we've, uh, you know, advertisements in which by and players would be advertising for consolidated ways. so it was a massive, massive deal. and if you look at the sponsorship deals in the premier league and in spain round the dread have the biggest deal with 70000000, a lot of premier league clubs in england, 50000000 buying a in the top 10 in europe. that tends actually, so they still help them max, we have about half a minute left to tell us how does lapsing the sponsorship deal impact. cut our strategy on becoming an even bigger player and europe and football. yeah, well i sense somewhat the scaling back in terms of football after that successful they will say successful, woke up in 2022 but still massively invested in p s g. although they've scaled back investment a little bit better in terms of the trunk suspend. but they're also looking to buy manchester united or shake yes. and then how much is leading a consortium to buy months? united for $6000000000.00 euro. so on the one hand, scaling back

you can watch movies and view p pictures and play video games in a.r.e released next year for $3,500 the most expensive product on the market out pacing the meta quest products which range between $300 and $1,000. joining me is alex kantrowitz. >> good morning. >> i was on the set hosting "power lunch" yesterday when the announcement came out with the headset. we started to see the stock slipping a little bit. it closed down off the highs for the day. why? >> i don't think it has to do with the device. i think investor enthusiasm for apple was through the roof leading up to the event. it was a natural pull back to meet the expectations and apparen apple would have had to release a space ship it is better than analysts expected it. it is the stock market coming back down to everything. >> you tryo out tech for a living what are the pros of this for apple and moving the company forward and what is the pbig hiccup >> this is the developer device. this is not what apple envisioned they started this and wanted to build standalone glasses it built going going