join the pursuit of outperformance at pgim. the investment management business of prudential. ♪ with my hectic life, you'd think retirement would be the last thing on my mind. hey mom, can i go play video games? sure! ...after homework. thankfully, voya provides comprehensive solutions, and shows me how to get the most out of my workplace benefits. what's the wi-fi password again? here... you... go. cool, thanks. no problem. voya helps me feel like i got it all under control. because i do. oh, she is good. voya. well planned. well invested. well protected. . >>> welcome back to "halftime" the rally in mega cap tech is back apple, amazon and microsoft hitting their highest level in more than three months you're making a move in this space. you're adding more amazon in your position. amazon shares up 3% right now. >> exactly well, as you know, frank, amazon has been a very poor performer over the past year it's really underperformed the s&p. and what we've heard recently is the numbers were better than feared, that e-commerce rem

at pgim, the pursuit is on for outperformance.tors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. sgloopts cord any guardia will join my, and we'll talk about it, i'll see all of you then you've got knocked around this week on paramunicipality threw some punches back. what do we think here? >> i understand why people are negative, right? they had a last great subscription add, but it was all on cricket but their streaming subscribers continue to go up. the theme parks are going gangbusters even the mother theaters, "doctor strange. a lot more is going right than wrong for disney i think it's undervalued. >> selfarat, you own it, too are your expect goods in high? i think that's a little downplayed, but i do like the stock. it's really cheap on a cash flow basis and future basis i think this

join the pursuit of outperformance at pgim.ent 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 >>> midday words mike santoli joins us from the nyse what is your view today halfway through. >> buying a little time. kind of hanging here at the top end. the big question coming in, these calls from goldman sachs and elsewhere that that has been nothing but a position shock rally. mechanical buying to get equity and cover shorts yes, that's part of it it's worth noting since the lows how much yields have gone down and gasoline prices. remember that's what pushed the last bit of fed hawkishness and move in equities to the low. seems like a normalization probably don't want a super strong jobs number tomorrow, but claims continue to tick up and the story is the same. pre r

join the pursuit of outperformance at pgim.ential. >>> it is time for the final trade. let's go around the horn and start with you, julie. >> clovis medical is a company that has final implants and robotics. i think they are on the key trend of demographics including replacing joints. it is a business for the long term. >> very cool. karen? >> yeah. thank you for being here. court goes by quick. my final trade is lyft. it retrace its nice to quarter. >> tesla is in the amount. i am losing money at it and i get ridiculed for it but the stock is going to split 3 for 1. the last time a split in august of 2020 ran up hard and sold out 30% the month later. i think the stock could sell off. again, i wouldn't be buying it. >>> fast money starts now!>> i am cramer, just trying to make you little bit of money. my job is not just to entertain but to teach about how thema

join the pursuit of outperformance at pgim.stment management business of prudential. (♪ ♪) how do we demonstrate our unmovable strength? (eagle call) nope. how do we show that we'll stand tall through the storms? nah. (thunder) how do we make our clients feel secure and- ugh... not lions. (lion rumbles) we do it with our people. people who've been looking after people for over 170 years. bubbles bubbles so many bubbles! as an expedia member you earn points on your travels, and that's on top of your airline miles. so you can go and see... or taste or do absolutely nothing with all those bubbles. without ever wondering if you're getting the most out of your trip. because you are. >>> welcome back to "fast money". let's look at the earnings movers. disney is holding on to the strong gains after adding more subscribers than subs expected. to beat the top line by 7%. shares of sonos plunge. this says they faced a more significantly different macroenvironment. bumble is down 12%, lowering the forecast setting the competition for matc

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at pgim, the pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire ♪ ♪ 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 back to "halftime. markets set to end the week higher again and the s&p above a key technical level. mike santoli join

join the pursuit of outperformance at pgim. eastern time, in overtime, joe is with us, kevin simpson, brendon, we mentioned leslie picker will have the crowdstrike earnings and see what happens, we'll see the stock move as well and give you top dividend plays. dan ives is with us, elon musk is fighting back even more we'll see what he thinks the end game is there and the impact not only on twitter but tesla by dan ives covers. wise, you're first. >> i'm short the xli it's a hedge and against some of the stocks they own are in there, but i think it goes lower. >> okay. written. >> probably early to buy here fcg is a natural gas etf i wholeheartedly agree with what josh said, put it on your radar. >> sarat >> edison international, utility in the west coast, 4% dividend in the yield, 15 times earnings, it's a great defensive play with rising earnings. >> okay. josh brown >> yeah. i think uber i think that august 1st level preearnings which is about 24 and change, 25, should be a sustainable bottom the upside is significantly great

join the pursuit of outperformance at pgim.gement business of prudential. >>> we're back, senior markets commentator mike santoli joins us now from the stock exchange with his midday word it is a test, right? that's what you're looking at today. >> i am. you know, in the test of this rally coming from the familiar directions as we know, not just from europe where there is that obviously a scare there both on inflation and growth and natural gas prices, but also prices buts what it does to your ten-year treasury yields and to the u.s. dollar i don't know that it has to be a round trip just looking -- last time the u.s. codollar index was at toda' levels, or actually slightly above them today, was in mid july last time ten-year treasury yield was 3% was like later july, also below 4,000 on the s&p. my point being it doesn't necessarily have to be dollar for dollar i don't see the equity rally as really operating too far out of the bounds as you know, stops at the 200-day moving average now we're retracing a bit of it. we've buckl

join the pursuit of outperformance at pgim. the investment management business of prudential. >>> legislation surrounding climate change, the tax code and health care costs may be coming soon last week senate majority leader chuck schumer and senator joe manchin announced they had struck a deal on a reconciliation bill called the inflation reduction act of 2022, which they said would invest $400 billion over a decade and reduce the deficit by $300 billion. joining us now is senator joe manchin of west virginia senator manchin, welcome to the show good to have you. >> good to be with you, sara thank you for having me. >> so you told my colleague at msnbc earlier that you had planned to speak with senator sinema this afternoon about the bill have you done that yet >> yes >> and what can you tell us? >> we had a good conversation. >> is she supportive >> we had a good conversation, sara i'm not going to say any more than that because she does her own homework and she looks at the bill and looks at the content and she'll make her d

at pgim, the pursuit is on for outperformance.tors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-376-4376. we'll send you our exclusive bond guide free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years and offers high-quality municipal bonds from across the country. they provide the potential f

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the pursuit of outperformance at pgim.ith deep expertise to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. to adapt in a fast changing world, you could hire a professional pit crew. go, go, go. sorry. nope. okay. fresh donuts - hot coffee! they deliver real time data and business forecasts when you need it. i think it was fine how it was. (air tool sound) to help you stay ahead of the curve... or you could use workday. the finance, hr and planning system that helps cfos make better decisions faster. on the other hand, we had a great fourth quarter. for a accelerate your decision-making world. workday. for a changing world. >>> all right. looking to regroup after yesterday's loss and friday's obviously rout opening bell is

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the pursuit of outperformance at pgim.ss multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction 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

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the pursuit of outperformance at pgim.hink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term 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 sub

join the pursuit of outperformance at pgim.back. next week is going to be a big one for many big retailers. some of the biggest players reporting their quarterly results. courtney joining us now with a preview. are you going to sleep at all this week? >> i don't think so. it's not looking likely. it is key. we have to figure out how some retailers are managing the cost in the business, like transportation. it is all still high, even with this week's look at inflation numbers. walmart is out tuesday. that is the first report for the new cfo, john david rainey. more details on how inflation is changing and how shoppers are spending. for the long-term, those analysts remain positive on how to navigate even challenging conditions and the changing consumer friends. target reports wednesday. it, too, issued an early warning. they are responding to changing consumer spending. target is seen as an optic and target returning to stores, so is that continuing? experts want to know if target has seen the speaking or the elevated costs whic

the pursuit of outperformance at pgim.ep expertise to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, 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

the pursuit of outperformance at pgim.xpertise to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, 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

join the pursuit of outperformance at pgim. the investment management business of prudential. this... is the planning effect. this is how it feels to know you have a wealth plan that covers everything that's important to you. this is what it's like to have a dedicated fidelity advisor looking at your full financial picture. making sure you have the right balance of risk and reward. and helping you plan for future generations. this is "the planning effect" from fidelity. to adapt in the changing world, you could hire a professor of theoretical mathematics. we all know this equation, right? he'd crunched numbers day and night. that's it. to maximize profitability. morning. i have quarterly numbers that are beautiful. and forecast revenue from every corner of your organization. is that important? or you could use workday. the finance hr and planning system that helps cfos make better decisions faster. for a solve problems like a genius world. workday. for a changing world. >>> this will be a focus for us this morning. we've already talked a good deal about it with nvidia. they wi

mike collins with pgim. potentially down to 100 on the yield curve, that is some big inversion. we have seen the compression over the last couple of months. tom: and to go the other way, we have to remind everyone from -49 basis points to -39, we have come halfway back with two cups of coffee to -45 basis points. how do you like every thing is, jon? the disparity of opinions on "bloomberg surveillance" is extraordinary. jonathan: do you think the yield move this morning is connected to the weakness in equity market? tom: we are at -26 before the target earnings and now -36. i think there is more going on in the last 10 minutes. i'm not quite sure. jonathan: it is a big move. basis points on twos, tens, eight basis points. and it could get bigger over in the you can germany. kailey: -- and more, the two-year yield of 25 basis points on the back of 10.1% inflation. talk about brutal. jonathan: we've seen a bit of this so far. we have closed out with a day of gains but we'll see if we can repeat that act. from new york, 8:30 eastern. tom, it is retail sales wednesday. this is bloom