. >> as well as peter oppenheimer on opportunities abroad. >> perfect >>> markets, meanwhile, holding onto small gains and also for the week, the s&p 500 up close to 1%. we've made a new month high in the s&p 500. the nasdaq has been giving back a little outperformance. on a two-year basis, we're tracking with very modest gains over two years, if you think about it we were going up in 2021 to the peak and a bad year last year. we're sort of in lockstep making up that ground. >> a lot of people looking at defensives i mentioned earlier the groups that led yesterday in the big selloff. also starting to catch a bid today and wondering whether it means that this sort of rally we've seen going on ten days for the dow, the longest win streak since 2017, is coming to an end or taking a pause. tom lee, of course, who's very bullish and who's been right, at least so far this year, he still sees the reason to be constructive he looks at the fed meeting next week, he's looking at cpi coming in early august, the pce end of next week as potential catalysts if we see those calm down. >> and the mar

charles: peter oppenheimer, goldman sachs has the four phases of the market cycle he sees.ne has your acronym in it hope. >> yeah. charles: earnings are down. p-e expansion that you just talked about. that is usually a nine-month period. he sees that moving to a growth stage. where are we right now? everyone is saying okay, obviously p-e expansion can't go on forever. you have to get this part, earnings part has to turn around to justify this. >> yes. i would argue we're more closer to this -- charles: optimism. i thought you would say that. >> late cycle, why are markets up a good amount this year. part of its acknowledgement how much we were down last year. go find a period where the fed was tightening rates and s&p fell 25%. those fears went away. rebound is where we come from why the market returns are higher to date. to your point we need earnings to kick in. we're not seeing signs of a broad-based earning recovery at all. charles: the thing here, optimism, this area we can last 22 months. old saying the markets can stay crazy longer than you can stay -- >> what ends w

peter oppenheimer, we talked to him, all the time. kimberly harris. a new board member, kevin johnson. what is the spirit of the board if they look at -- it is too much to say a train wreck, but simply a tension and complexity of the underperformance of goldman sachs. how does this board respond? and don't forget the incoming board member tom montag for over two decades at bank of america no returning to goldman sachs. >> will be list -- whole be the response of the board? works they will tell you the stock does not fall off a cliff. they are ok. they are not getting antsy because over the last five years since he took the seat in 2018 today, goldman stockist on will print they will tell you they have done x quarterly well. the reality is they have done the middle of the pack, and the middle of the pack is not a crisis. >> this is critical. i'm thinking of david, it the clearest memories of him going back-and-forth with me. august of 2000 seven. there was a huge responsibility running the ship, essentially. initially at goldman sachs. the collective m

peter and brogdon were long lines for fans waiting outside that theater to see either barbie or oppenheimert, hundreds of people lined up for theaters, the theater 6.30, showing of barbie. >> i'm hoping to see like the biden. let's go party. in fact, this is crazy weekend going twice in one but there's 2 good movies out. so that's why we're doing it. it's a good movie. will do >> there you go. there in theater was recently named by the san francisco chronicle is one of the 10 best places to see a movie in the bay area. we're going take a break here at 6.41. still ahead on the kron 4 morning news. an e-cigarette with her rent. a details on the vape company. jewel that's pushing. >> to get approved by the fda with this new device. plus, ups workers could be hitting the picket lines in about a week or so as they gear up for a strike will tell you what impact why do i care about paper so much? because my life and career were built on them. auditions, headshots, boxed wine... ethan! empty, flatten, then recycle. i'm a papertarian, sue me. and you can recycle those papers too. >> 6.44 and here ar

were among the stars, who left the london movie premiere of oppenheimer, after walking the red carpet. here's our los angeles correspondent, petera red carpet in london... ..to studios in la, actors are walking off the job. even before the strike had officially started, stars at the much—anticipated uk premiere of oppenheimer showed their solidarity with fellow actors here in hollywood. cillian murphy and emily blunt left the screening, along with matt damon, who said it was in support of colleagues who are struggling to make a living. you have to make $26,000 a year to qualify for your health insurance. and there are a lot of people who get across that threshold through their residual payments. and so, you know, we can go long stretches without working, and not by choice, obviously, and we have to find a way to bridge so that so that those people who are on the bubble are taken care of. and, you know, it'sjust got to be a fair deal. we've got to get what we're worth. and there's money being made and it needs to be allocated in a way that takes care of people, who are on the margins. much of hollywood has already closed down. th

oppenheimer" premiere scheduled for monday. production with tv shows remain in jeopardy until someone is willing to compromise. peter and kristen. >> dana, thank you. it is having an impact on what you watch this fall if things don't change fast. reality tv. unscripted television. >> you heard the impact on the economy. billions of dollars could be lost. it's huge. >> tens of millions a day in california. >> big impact. >>> let's get another check of the weather from angie. what are you watching? >> we are watching air quality issues. no surprise from canada and the wildfires that continue to burn. places like des moines and montana. as far as the alerts going, 41 the million people under alerts. minneapolis and green bay and indianapolis. and places like billings. with the air quality index, fargo at 161. those are unhealthy numbers for everybody. as we look toward minneapolis and rapid city, if you are sensitive, those are the spots you avoid the outdoor activity for the saturday afternoon and sunday. speaking of avoiding outdoor activity, the rain and showers and thunderstorms is something we will talk about for

peter beinart, thank you for coming on the show. i appreciate it. >> thank you. >> it is the surprise head of the summer movie season, no, not barbie are oppenheimer.racing. more on that till next. >> forget barbenheimer and mission impossible for a moment. have you watched the sound ofhao freedom yet? sound of what? sound of freedom. it is the sleeper hit of the summer that made as much money as the new indiana jones did on opening day. it's so far grossed over hundred million dollars in total revenue. it is a thriller chronicling the efforts of an agent trying to rescue children from sex trafficking in columbia. it has the backing of not just republicans and religious conservatives, not just ted cruz and elon musk, but also qanon folks. the internet tinfoil hat brigade. now, i could focus today on how actual experts on child trafficking say the movie offers sensational false perception of child trafficking that could further harm real victims. or on how a vice investigation into the anti trafficking group at the center of the film found a pattern of image burnishing and mythology building a series of a bag exaggerations that are in the aggregate

peter beinart, thank you for coming on the show. i appreciate it. >> thank you. >> it is the surprise head of the summer movie season, no, not barbie are oppenheimer.d trafficking thrilled that everyone from elon musk to donald trump to qanon is embracing. more on that till next. >> it disrupts my skin with rash. but now, i can disrupt eczema with rinvoq. rinvoq is not a steroid, topical, or injection. it's one pill, once a day. many taking rinvoq saw clear or almost-clear skin while some saw up to 100% clear skin. and, they felt dramatic and fast itch relief some as early as 2 days. that's rinvoq relief. rinvoq can lower your ability to fight infections, including tb. serious infections and blood clots, some fatal, cancers including lymphoma and skin cancer, death, heart attack, stroke, and tears in the stomach or intestines occurred. people 50 and older with at least one heart disease risk factor have higher risks. don't take if allergic to rinvoq, as serious reactions can occur. tell your doctor if you are or may become pregnant. disrupt the itch and rash of eczema. talk to your doctor about rinvoq. learn how abbvie can help you save. 3... 2...

peter bowes sent this report. from a red carpet in london... ..to studios in la, actors are walking off the job. even before the strike had officially started, stars at the much—anticipated uk premiere of oppenheimerllow actors here in hollywood. cillian murphy and emily blunt left the screening, along with matt damon, who said it was in support of colleagues who are struggling to make a living. you have to make $26,000 a year to qualify for your health insurance. and there are a lot of people who get across that threshold through their residual payments. and so, you know, we can go long stretches without working, and not by choice, obviously, and we have to find a way to bridge so that those people who are on the bubble are taken care of. and, you know, it'sjust got to be a fair deal. we've got to get what we're worth. and there's money being made and it needs to be allocated in a way that takes care of people, who are on the margins. much of hollywood has already closed down. the writers' dispute is deadlocked and now the actors are following suit. almost all film and tv production will grind to a standstill. the issues are similar for both groups of workers. concerns about the use of artificial