paul tudor jones said it's going to be a grind higher that's perfect for carrie.t's what's different about the prior recessions the fault risk is low. i would put risk back in the portfolio, but for high yield. >> brian, this is a conversation as i described earlier, that the bear case hasn't played out yet, but it's going to and we were just seeing the chutes of it now, if you will we know that lending is going to be less. we know that credit conditions are going to get tighter and all of that is going to have an impact whether you see it through various spikes in initial claims sebastian mentioned in other places you're going to see it. >> that's a great point. remember, too, the macro models were absolutely right last year for the first time in a long time now the macro stuff is not working like it usually does not work because it's so lagged. on the credit tightening conditions, remember the last time we had a potential credit crunch, the banks were in much different conditions we think the large banks are well-positioned from a balance sheet perspective and t

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done raising rates and has already won the war on inflation and a bold call from million air paul tudor jones and even with more signs today the growth is slowing and officials say more work is still next to be done and their next decision is more than a month away and we'll take a look at what it means in the meantime. regional banks and you were hearing a debate about that and he sees a buying opportunity in the crown jewel as the broad index remains 50% below its highs and he'll tell us which names he is eyeing and the first legit merger monday and several big deals to tell you about, but are they part of a larger trend or not we'll dive into who could be next and find out if the answer is yes and we're seeing a much better tone than we were this morning and the s&p is up 11 to 41.35 and the nasdaq is on track for its third positive day flipping over to the rate picture, this is the case even as rates seem to be firming up somewhat the ten-year, 250 and the two year has been almost placid, want moving right at 4%. we had a hawkish fed speak and we have the there are lower after the best we

. >> what do you make of the fact that -- this week alone, paul tudor jones, noted that something is going on. the market has been resilient. he thinks stocks are going to go higher steve cohen, the famed steve cohen, is bullish. >> we talked about this morning that call. >> maybe people are too negative the negatives are so easy to point out and that's why everybody does there's reason to be cautious. i'm not suggesting that everybody should be bullish, but maybe people are too negative. >> i think you have to remain optimistic for the long term if i think about what is going into stock research and where we see some of the interesting areas, i think that there is a lot of negativity for good reason at the same time we're seeing a lot of stocks rally despite the negative news. look at some of these mega cap names and their earnings were de declining year over year, but they beat estimates. if company beat those estimates, there could be tremendous upsides on stocks. >> look at target, for example, the earnings were all right. the outlook wasn't great yet the stock is rallying 2.5% t

done raising rates and has already won the war on inflation and a bold call from million air paul tudor jonesls say more work is still next to be done and their next decision is more than a month away and we'll take a look at what it means in the meantime. regional banks and you were hearing a debate about that and he sees

. >> and paul tudor jones called him out. >> ted decker said our sales for the quarter were below expectations because of lumber deflation and unfavorable weather in the western division with extreme weather in california which impacted their results. however, the guidance for the year goes beyond the quarter and the weather anticipating with this unprecedented three-year growth with sales over $47 billion. they expect this would be a year of moderation for the home improvement market >> mortgages you know how quickly -- the fed acknowledges there are lags. you know how quickly a lag can become real? it could be a week and we decided, oh, my god. we have more to do or we have gone too far >> you might hear more concern about the consumer coming out this week. this is the first of those big reports. joining us now for more on home depot is brian nagle senior analyst at oppenheimer. brian, this is a surprise. what do you think about the guidance >> good morning, becky i think you summed it up well. this is very clearly a miss and guide lower for home depot as you said, this is a surprise. a lot

when i think of robinhood i think of the paul tudor jones -- katie: we have this conversation this morninge charity where you see never gretz and einhorn playing poker. katie: you do not think of the man in the hat stealing from the rich? matt: nottingham forest? mott first thought is of mike anova gretz just of like robinhood, but that is old people like me. the kids think about the trading platform. katie greifeld, thank you. the streaming model has been appended by the recent downturn in disney. more on the challenges for streaming and the house of mouse, next. this is bloomberg. ♪ go. go air that runs factory. go sensors and software. go find leaks. go fix-em. emerson technology detects compressed air leaks to save manufacturers, like colgate, over 20% in energy costs. go brush your teeth. go boldly. emerson. matt: this is bloomberg markets. i'm matt miller with jon erlichman. disney stock sitting near a session low right now. this after posting a drop in subscribers to its mainstreaming service, disney plus. jessica reeve cohen is senior analyst for bank of america and joins us to giv

i'm saying, i'm listening to paul tudor jones, but then i listen to an interview with steve liesman withostic, and he's saying, forget it >> let's listen to bostic speaking to steve liesman this morning. >> my baseline case is, we won't really be thinking about cutting until well into 2024 i think we're going to see an orderly decline. i'm hoping that we see what we've seen over the last several months where inflation has come from a very high level to a high level, but if you look at most measures of inflation, they're still two times where our target is, so there's a long distance still to go. >> see, that's the problem when you go over the actual cpi, you know, you see a parallel of 0.3, but you can talk to all the apparel companies. this is what i was saying last week about the actual numbers. rental is yes. rents are up avalon bay upgraded today. why not? terrific place to be, because rents keep going higher, but away from that, you really want to focus on used cars? i think the focus is on the fact that when you look at -- if tesla is cutting price, then i'm not going to say that u

. >>> early on "squawk" today, paul tudor jones weighed in on the impact at i will have on the market i think we're going to have a more bifurcated market than we've ever had over the course of the next five or ten years because i do think that the introduction of large language models, artificial intelligence, is going to create a productivity boom that we've only seen a few times in the last 75 years. and within the stock market, there are going to be huge winners and huge losers. >> one of those winners this year at least, c3.ai, stock up more than 100% in 2023 despite the short sellers alleging some accounting issues last month tom siebel will join us. >>> elon musk live tomorrow night, 6:00 p.m. eastern sitting down with our very own david faber in a wide-ranging interview off the back of tesla shareholder day. don't miss that tomorrow night we're back after a quick break on "squawk on the street." dow down onl10ois d e y pntanth s&p has gone positive. i'm a retired school librarian. i'm also a library board trustee, a mother of two, and a grandmother of two. basically, i thought

couple quarters walmart was taken out to the wood shed inflation is coming down, and i guess, paul tudor jones used the term, the fed can take a victory lap, claim victory, something to that extent. but my push-back is, yeah, it's coming down. we've had 500 basis points of hikes. i don't think the stock market and/or the economy has felt the full impact of that yet. when it does, that's when we're going to get the residual impact on the market, we're just not there yet, so, yeah, they can say, you know what, we tamed inflation. at what cost and i think you're starting to see it now >> there is a difference, too, between the consumer that will spend and earnings there's a difference between, you know, where consumers spend, they may spend a lot some place, but it's not a great investment, so, how do you separate that in terms of, for instance, you know, tim's quandary, walmart's a great stock, it's probably positioned well, but there's been a huge rally in this one. do you still want to be in it? >> i think it's a good point we're kind oaf addressing half the issue. we've really kind of coupled

look at what's coming on monday, paul tudor jones will be interviewed by another guy with three namesyou're a rock star. you are a rock star. no more calling co-workers rock stars. look, it's great that you use workday to transform your business. but it still doesn't make you a rock star. so unless you work with an actual rock star. hi, i'm ozwald. hello ozwald. pam, you are a rock- i wasn't going to say it. ♪♪ (water splashing) hey, dad... hum... what's the ocean like? ♪ are there animals living underwater? ♪ is the ocean warm? yeah, it can be very warm. ♪ you were made to remember some days forever. we were made to help you find the best way there. ♪ >>> welcome back fu futures are positive across the board, s&p up about 14 it's flat for the week but we did see news around consumer and producer price inflation data over the past couple of days we're right now looking at the fractional loss on inflation >> we heard comments for remarks at the european central bank in germany. >> in another businesses, soft bank may try to launch an ipo of chip designer arm in the u.s. as soon as sept