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pgim investments. shaping tomorrow, today. >>> final trade.an, it was special today, having you. altria. >> is it almost over already? okay. my final trade uber. i liked the call, i liked the earnings, one thing i didn't love is how much it went up but i do like uber >> dan. >> you are a very special guy. i think you stay defensive, xlb consumer. >> what karen just said is not something you want to hear, is it over? your buddy owns wynn, i think you stay with it here. >> theoretically i'm supposed to be back tomorrow, but we'll see. if i'mot n here, just let >>> >> reporter: my mission is simple, to make you money. i am here to level the playing field for all investors. there is always more. i promise to help you find it. mad money starts now. hello, i'm cramer. welcome to mad money. welcome to cramer america. i am trying to make you a little money. my job is to teach you. you can call 1-807-43-cnbc or tweet me at @madmoneyon

pgim investments.omorrow, today this summer in paris, pgim investments. we're seeing hard work, dedication, and a whole lot of... [“joy (unspeakable)” by voices of fire ft. pharrell williams begins to play] anastasia pagonis still feeling the joy. grant holloway how about that! keep the flair, keep the emotion, keep the showman, the sport needs it. ♪ ♪ >>> welcome back to "squawk box." some stock movers to watch this morning. we are looking at shares right now of server company super micro computer, falling sharply after the company announced fiscal fourth quarter profits and revenue miss on expectations. gross margins also falling to 11% from 17% a year ago. company did note that it does see a record demand for new a.i. infrastructure and expecting higher than expected revenue in the next quarter. super micro announcing a ten for one stock split, split adjusted basis on october 1st. that stock right now, where you see moves of this magnitude off by 14%. >> wow. >>> check out the shares also of reddit,

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pgim investments. ...but only a few of us go out and prove it.f anna hall on a connection worthy of gold: xfinity mobile. only xfinity gives you the most powerful mobile wifi network, with speeds up to a gig in millions of locations. and right now, get up to $800 off the new galaxy z flip6 and z fold6 when you trade in your current phone. get the fastest connection to paris with xfinity. >>> futures at this hour. tom is here. for more, let's bring in tom lee at fund strat global advisors. it would help to know, tom, if it is a sharp, scary spike down, which a lot of times the other side looks just like it, or people are hoping for that so much that they don't see it might have longer to go. do you get the feeling this is not going to be a major selloff? >> for now, i think it is the former that you described. we have over three days suddenly markets reverse and japan down over 20%. as you are pointing out, the nasdaq could even decline further. declines like that are generally symmetric. you have to watch the vix. when the vix peaks and starts to

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pgim investments.ive from the nyse and the xxxiii owe lee pe -- olympiad. here's carl quintanilla. >> welcome back to "money movers" as we continue our coverage live from paris. "squawk on the street" i should say. of all the images maybe the biggest is beach volleyball perhaps the hottest ticket to get at these games. only named as an olympic sport back in 1996. and we do have contenders today. the men andy and miles are going to take on qatar tomorrow. we do have kelly and sara on the women's side. they'll take on switzerland in the quarterfinals today. only two american pairs remain in that sport. we actually caught up last couple days with keri walsh jennings who won gold three times with her teammate misty may trainor and talked to her about why the sport remains such a draw. >> the world has always embraced beach volleyball since the beginning. once every four years we're the best thing in the world and everyone acknowledges it and loves it. the number one ticket at the olympic games an we fade a

pgim investments.s report next week, there's a subtle shakeout happening with potential winners and losers in the semiconductor stocks. we're talking to one trader who thinks there's a way to play for gains no matter how the chips y llmafa. tune into "power lunch" today 2:00 p.m. eastern time. this is clem. clem's not a morning person. or a night person. or a...people person. but he is an "i can solve this in 4 different ways" person. and that person... is impossible to replace. you need clem. clem needs benefits. work with principal so we can help you help clem with a retirement and benefits plan that's right for him. let our expertise round out yours. >>> the electric reliability council of texas, manages the state's power grid. the recent combination of historic heat waves and the rapid buildout of data centers in the state to power a.i., well, that has its ceo seeing grid capacity needing to rise by over 75% in just the next six years to meet that state's consumption demand. joining us with his vie

pgim investments.cramer's "mad dash" as we count down to the bell. >> quizzical piece by morgan stanley. reason i say it's quizzical is that there's so much momentum in a lot of part of technology, but they are saying, i'm going to take the line that's in this, that additionally with second-half pc demand trending a bit weaker than we previously thought, wow. i mean, this is the a.i. pc, and it's weaker, and i think that's taken people by surprise. morgan stanley has excellent research, obviously, in tech, and they are saying that price target unchanged at 37, but carl, i didn't like this piece, and i didn't like it because as far as i was concerned, i had thought there was some momentum in a.i. pc. we don't really know. they say there's some factory limit outperformance. i think it's slower rollout, but i also think that maybe people are taking their time trying to figure out a.i. i don't know. this is, again, not something i expected in this piece. >> there was a piece last week about whatever a.i. m

pgim investments.lvana henao with your cnbc news update. an american russian dual citizen was sentenced to 12 years in a russian penal colony today for high treason ka sena carolina allegedly donated about $52 to a ukrainian charity after russia invaded the company. the 32-year-old was arrested in russia while visiting family her defense team says it will appeal. >>> law enforcement sources tell nbc news that police have made an arrest in connection to the fatal overdose of actor matthew perry last october the medical examiner's office in l.a. attributed his death to the psychedelic ketamine police said earlier this year they were investigating the source of the drug >>> and the u.s. men's national team is reportedly hiring mauricio pochtino as its new coach according to espn and the athletic he has overseen some of the biggest clubs in the world, recently serving as the manager of chelsea his hiring comes about a month after the team fired greg burhalter following a first round exit in the copa americ

pgim investments.in the media bat that will we've been following. earlier we told you that edgar bronfman jr. submitted a bid for national amusements. now, that was the bid that was very similar to the existing bid that had already been put in by skydance media. i'm told by a source that that bid has been increased this morning to $5.5 billion. the bid from bronfman jr. national amusements is the holding company that holds a controlling interest in paramount global. it could be that this bid even goes up from here so it sounds like it is game on when it comes to this and we'll continue to watch and see what happens with it. all right. that does it for us today. see you back here tomorrow. right now it's time for "squawk on the street." >>> good tuesday morning, welcome. i'm carl quintanilla with jim cramer. we'll hear from faber momentarily. the s&p and nasdaq going for their ninth straight gain today. the longest streak for the s&p in some 20 years. >> oh, my. >> as we're about 1% from all-time highs.

pgim investments. shaping tomorrow, today. >>> welcome back to "squawk box." i'm dominic chu.e help of piper sandler. they raised the target price up from $100 from $90. they are citing numerous growth levers. that stock is poised to ramp up. >>> analysts at wells fargo giving fox the upside potential with the sports streaming venture with warner bros. discovery. those are higher by 2.5% in the pre-market. >>> by the way, for more on the calls of the day, head to cnbc.com/pro. you get access to the detailed analysis of the reports. >>> we end with applied materials. that chip stock lower by 1% despite the third quarter results that beat estimates. it is forecasting fourth quarter. >> referee: krevenue above expec expectations. some folks see this as a leading indicator of the chip trade. back to you, melissa. >>> thank you, dom. we will talk the risks of the recession with campbell harvey and new details emerging of vice president kamala harris's economic plan ahead of the dnc. "squawk box" will be right back. we're here for adama. just like she tries to be there for her child

pgim investments. shaping tomorrow, today box."s. catalyst for the conversation, write-downs at warner brothers discovery and paramount. joining us to discuss, strategies of managing partners. here with us, matt bellamy. great to see you. >> you, too. >> start with warner brothers discovery. rich greenfield on last week. speculation now that the nba deal is, well, in litigation, what ultimately happens to warner brothers? what happens to tnt, and most especially what happens to the carriage fee and right now appears most analysts and investors are believing that warner brothers discovery is not going to get as much as they used to get and maybe get a lot less for it, something you've written a lot about, but same time, i was drilling down into this thinking they have more -- they would say this -- more sports content on that channel than they had beginning of that contract. and when it comes to a ratings perspective, it's unclear whether the nba was holding it up or frankly all of the other sports are holding it up. i wonder whethe

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pgim investments. shaping tomorrow, today >>> welcome back.tching shares of jetblue set to add to yesterday's 20% drop this morning. s&p down jgraded earnings after jet bblue plans to raise $3 billion of debt with half of that backed by the true blue customer loyalty program. take a look at that chart. >>> boeing reports later today and they expect to restrict production of the 737 max due to the number of fuselages coming from spirit aerosystems. a lot going on in the aerospace. >>> we want to check shares of home depot on the back of earnings. the earnings and revenue beat est estimates. the decline of 3% to 4% after the expectation of 1% drop. shares are down 1.76%. we should note lowe's is falling in sympathy. we will talk to an analyst later on this hour. >>> coming up, lawmakers in high tax states may have found an opening to fix the s.a.l.t. tax, but they need to win re-election first. and why the white house wants to eliminate taxes on tips? as we head to break, a look at yesterday's s&p 500 winners and lo losers. >> announcer: executi