let's get back to pippa stevens. >> key corp.shares with the best day since november, 2020, after bank of nova scotia took a 14.9% stake worth $2.8 billion in the regional bank. key corp. ceo chris gorman telling us it gives the bank strategic latitude to look at and restructure its balance sheet. shares of monday.com having their strongest day wi hitting 52-week high after posting better than expected second quarter results. needham and piper sandler boosting price targets after the report. those shares up 12%. scott? >> appreciate that. thank you. pippa stevens. >>> ahead, jetblue shares are pacing for their worst day ever. we'll break down what's driving the stock lower today. we're back on the bell right after this. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our friend sold th

pippa stevens, cool story. you very much. >>> a company out there called alnylam, a biotech play and the stock down 10%. we'll talk about why the stock is down nearly 10%. the rest of the market looking better heading io nta long holiday weekend. 15 minutes to go to the closing bell. we're back right after this. this is our future, ma. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo (vo) a law partner rediscovers her grandmother's artistry get your business online in minutes and establishes a charitable trust to keep the craft alive for generations to come. from preserving a cultural tradition to leaving a legacy, a raymond james financial advisor gets to know you, your passions, and the way you enrich your community. that's life well planned. >>> beginning next week, cnbc's digging in to nfl teams soaring valuation. cnbc's own michael ozanian will reveal the det

pippa stevens in waynesboro, georgia, where the first u.s. ars are now operational. pippa? >> reporter: hey, seema. it was hard to get a sense of how big this operation is. each of these cooling towers are 600-feet tall. in the background you see the newly built reactors, three and four, each weighing more than the statue of liberty. nuclear energy is about 20% of our electric grid, and the industry is getting another look one challenge has always been staying on time and on budget. this plant is no exception seven years delayed and more than trouble the estimated cost. southern company ceo chris womack told me a lot of that is because the u.s. had to restart the nuclear supply chain >> this country hadn't built a nuclear plant from start to finish in over 30 years. so putting the band back together in terms of supply chain, in terms of the work force, in terms of the labor resources, there were a lot of things that had to be brought together for the first time in a very, very long time >> reporter: he added that unit four was cheaper than uni

pippa stevens. >> if it opens here, it's an 11-year low on the stock. just when you think it can't get any worse, it gets worse. t semiconductors, i thought, the new oil, right? the one sector everybody should be in. intel -- >> right. and this is the national semiconductor. >> national semiconductor. >> it is our native semiconductor manufacturer, getting money from the united states government. >> getting money. you would think they'd be hiring people in this environment. so, none of this is any good. and look, i'm one of the people that said a couple times, like, you might want to try intel on the long side here for the reasons you just cited. wrong. i mean, they can't get out of their own way. >> by the way, texas instruments in 2011 bought national semiconductor, remember we used to have nsm, that ticker. >> that's right. >> i kind of casually said the same thing a week and a half ago. 30 seemed to be a level. someone was sitting there with deep pockets just buying it, if you pull up that chart. i'm just kind of shocked at the magnitude of this dis

pippa stevens with the setup on intel. what do we expect?wn 40% as the company fails to convince the street that the turn around is in place. the company previously initiated weak guidance. analysts expect intel to earn 10 cents per share in q2. wedbush said much of the growth is in cloud where amd is better positioned than intel adding the intel competitor is taking share in cloud and enterprise. the guidance here is going to be important with some analysts calling for a back half recovery with updates around the execution of its fab strategy also top of mind, including expenses after pushing back construction at the 20 billion ohio chip fad. ahead of the report bernstein's stacy rascon saying, quote, the ai story still feels mostly mia. those shares, scott, down 10%. >> to kate rooney now on one of the biggies. amazon. >> scott, so amazon's cloud business aws is going to be the big priority. they're watching the higher margin side. growth in aws expected to be 17.6%. that is the bar. the number to beat. cap exanother big area to watch. lik

for cnbc business news, i'm pippa stevens. >>> thank you for that report.show, taking on a giant. softbank kicking the tires on a pop team-up with a u.s. chip maker. >>> if you haven't done so, follow our podcast if you miss "worldwide exchange," you can check us out on apple or spotify or your podcast app of choice. "worldwide exchange" in audio format we'll be right back. and its customizable scans with social sentiment help you find and unlock opportunities in the market. e*trade from morgan stanley with powerful, easy-to-use tools, power e*trade makes complex trading easier. react to fast-moving markets with dynamic charting and a futures ladder that lets you place, flatten, or reverse orders so you won't miss an opportunity. e*trade from morgan stanley ryan t. writes, "moving is stressful. or reverse orders so you won't miss an opportunity. can you help me take one thing off of my to do list?” ugh, moving's the worst. with xfinity, you can transfer your internet in just a few taps. just a few easy moves. did somebody say “easy moves”? ♪ ♪ oh no. no, i

we have pippa stevens here with more. >> good morning, frank.d be on the verge of the old school boom with stocks tied to infrastructure spending. not only are instrudustrials an materials are trading at a broader sector, but it is trading at the largest to the tech sector in more than a decade. in the last six years, for every $1 invested in u.s. tech companies, just 12 cents went to industrial and commodities funds according to bof a. security and better control over supply chains and the new economy which includes a.i. and data centers. not to mention the average age of non-residential structure notice in the u.s. is older. analysts see upside for mosaic which has an average street target which is 20% above where they currently trade. eaton and ecolab is trading ate discount to the five-year pe. investors could start to look a elsewhere for opportunity. >> we have the election coming up later and jackson hole. how could that impact the cap ex boom? >> there is no question the macro picture is dragging the market themes. cyclicals can do prett

i'm pippa stevens with your cnbc news update.an prosecutors say they won't take a position on former president trump's bid to delay his hush money trial sentencing until after the november election. district attorney alvin bragg's prosecutors said they would defer to trial judge juan merchan who is weighing in on presidential immunity. >>> trejan white is arrested for bribery charges. he agreed to accept $156,000 in cash payments in exchange for using his position to pressure government employees to extend contracts in the district. he has yet to enter a plea. >>> and waymo revealing details about the newest generation of robotaxis. it is developing a roomier robo taxi that will handle a wider array of weather conditions without needing as many costly cameras and sensors onboard. it comes as waymo works to scale up in the u.s. with a $5 billion investment from alphabet. dom, back to you. >>> thank you very much, pippa stevens with the news update. >>> now the philippines just reported its first case of mpox since december. this i

to pippa stevens for a look at the biggest names. >> shares of chewy are jumping after better than expected q2 earnings, and upbeat profit guidance. net sales per active customer grew, with the ceo telling cnbc the company's investment into a better customer experience is paying off, and that pet household formation is normalizing, which is a positive sign. and aerovironment up after they secured a $190 million from the u.s. army for munition systems. the stock is upgraded after the news, saying the contract locks in visibility for the product through 2029. those shares up 9%. >> pippa, thank you. we're just getting started. >>> up next, jeff degraaf is back and flackgging trouble in s charts. he's going to reveal the headlines he's seeing for this market. you're watching "closing bell" on cnbc. so this is pickleball? it's basically tennis for babies, but for adults. it should be called wiffle tennis. pickle! yeah, aw! whoo! ♪♪ these guys are intense. we got nothing to worry about. with e*trade from morgan stanley, we're ready for whatever gets served up. dude, you gotta work on your trash

pippa stevens has more on that story. good to see you. >> good morning.ll about liquid cooling with nvidia's ceo saying the number of data centers that want to go to liquid cooling is "quite significant" because traditional air conditioning systems don't dut for genai chips like those from nvidia, given how much heat they're generating. rbc saying crossed the rubicon no going back to traditional a.c.s. about 5% of data centers have liquid cooling, but the firm anticipatings a 40% compound growth rate ahead with calling it an arms race to build out this cooling capacity. key players alongside schneider electric and the hvac players. not made a big splash in cooling but a natural extension of business molds names like trane and carrier interested in a piece of the pie. johnson controls calling liquid cooling a "incredible opportunity" frank, i'm sure we'll see more announcements in this space. >> i would think so. especially after jensen huang mentioned it in particular. what does this cooling equipment look like? crossed the rubicon. where are we at? >> th

pippa stevens joins us now. hi, pippa. >> hey, zinhle. edgar bronfman j. dropped his bid.t all but ensures sky dance will buy paramount. last month they reached an $8 billion agreement to buy the company, national amusements, the controlling stakeholder of paramount. meantime, china accused canada today of protectionism after the country announced a 100% tariff on chinese-made electric vehicles, matching duties the u.s. and eu have issued. canada's announcement comes after national security adviser jake sullivan encouraged prime minister justin trudeau at a meeting over the weekend. sullivan began his first visit to beijing today. invitations are going out for apple's next event on september 9th with the tag line "it's glow time." the tech giant is expected to unveil the iphone 16, which will come with new a.i.-powered features. apple is betting those features will get people to upgrade their phones. iphone sales have fallen about a percent in the most recent quarter. zinhle. >> all right. pippa stevens with the latest. thanks so much. >>> still ahead, how one major league

pippa stevens is back. >> hey, scott.green as consumers load up on their greens. that stock to watch coming up next. appreciate it so much. thank you. doors are new beginnings. -surprise! -surprise! your dedicated fidelity advisor can help you open those doors. for you, mama. through personalized money management that can evolve with new chapters. and they can proactively view your entire portfolio. with an eye on taxes and the impact of risk. so you can enjoy moments together. because doors were meant to be opened. >>> less than 15 for the closing bell. >> sweetgreen shares are surging after exceeding second quarter expectations. raising revenue and same store revenue for 2024. increased traffic drove revenue for the quarter even as consumers turned cautious. >> while sweetgreen, we think about price value a lot while the consumer, we understand, may be a little bit pressured. as inflation has hit the entry, we've been able to take a little less price than our competitors. >> he added protein options have boosted sales.

back to pippa stevens for the stocks she's watching. >> shares of kava in the red after a downgrade togan stanley. the stock more than doubled this year with the firm saying kcava pulled forth growth, profitability and cash flow. and outperforming. a record valuation between marriott and hilton. firm pointing to opportunity from the upscale and international markets. scott? >> pippa, thank you. >>> still ahead, dollar general shares plummeting. drill down whas ndn nt'seing th name lower today. and how the retail space is faring. "bell's" coming right back. ome. from preserving a cultural tradition to leaving a legacy, a raymond james financial advisor gets to know you, your passions, and the way you enrich your community. that's life well planned. meet kandi technologies, where innovative, eco friendly design meets exceptional performance. our diverse portfolio includes utvs, go carts, golf carts and e-bikes. explore electric investment opportunities. kandi technologies. ♪ (alarm sound) ♪ amelia, turn off alarm. amelia, weather. 70 degrees and sunny today. amelia, unlock the door. i'm

pippa stevens.endous >> killing the game. >> yeah. >> so, i grew up in the shadow of indian point, which probably comes as no surprise, given some of my quirkiness tim has talked about -- look at ccj. now, the good news is, i mean, this is the one -- i think the best pure play better news is, the stock has sold off significantly since that prior high we saw i think it was in may or so. the double tops we've pointed out, but if you want a pure play here in this space, ccj off this pull-back gets you done. >> tim, you've been on this trade for awhile >> yeah, pippa killed that whole story. i think the story around uranium is also something that's going to continue to kill it i think you've got a dynamic here where there's massive shortages. we've had some seasonality that's been part of some of the weakness in the uranium price, but the enriched uranium story and the ban and the dynamics here, there are shortages. there are major utilities are short. there are traders that are short. i think you have

. >>> to pippa stevens for a look at the biggest names moving into the close. >> shares of paramount are getting a lift following a bloomberg report the company is likely to extend its go shop period if bronfman makes a bid for the company, they have agreed to merge. >> a trio of downgrades to neutral from piper sandler which noted a lack of industry pricing power. sweet green shares down 6%, while the firm says it believes in the long term growth story, that upside is now reflected in the valuation. dutch bros on track to snap a four-day winning streak, and shares of shake shack lower by 3% with the firm citing a worsening industry backdrop for the burger chain. >> thank you. >> we're just getting started. up next, a chip challenger, amd, going after nvidia in the race for ai supremacy. deep water's doug clinton is back. he reveals the name he prefers in the space and what is ahead for tech at large. we're live at the new york stock exchange. you're watching "closing bell" on cnbc. do you have a life insurance policy you no longer need? now you can sell your policy - even a term pol

californians, don't forget. >> pippa stevens, thank you. >>> billions of americans' private information could be in the hands of hackers. what you need to know. >>> plus, the university of notre dame suspending its entire men's swimming team. why? why? and what comes next for those [coughing] copd isn't pretty. i'm out of breath, and often out of the picture. but this is my story. ( ♪♪ ) and with once-daily trelegy, it can still be beautiful. because with 3 medicines in 1 inhaler, trelegy keeps my airways open for a full 24 hours and prevents future flare-ups. trelegy also improves lung function, so i can breathe more freely all day and night. trelegy won't replace a rescue inhaler for sudden breathing problems. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteoporosis. call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur. ♪ what a wonderful world ♪ [laughing] ask your

pippa stevens. >>> shares of caterpillar on pace with the biggest gain since january.ng earnings and beating them for the sixth-straight quarter, but not all of its results were rosy. we'll get insights into this industrial when we return. don't go anywhere. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our friend sold their policy to help pay their medical bills, and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry direct. they explained life insurance is a valuable asset that can be sold. we learned we could sell all of our policy, or keep part of it with no future payments. who knew? we sold our policy. now we can relax and enjoy our retirement as we had planned. if you have $100,000 or more of life insurance, you may qualify to sell

pippa stevens is here to help us understand, pippa, if things keep getting more significants. >> the first is over the weekend we saw israel launch a massive wave of attacks on lebanon. so far even we've been waiting for the iranian response o it was said this weekend attack is the iranian response is probably now more imminent. we have seen some of in a geopolitical risk come out of that trade the bigger driver is libya. they have halted exports amid a western government row, and the argument is over who will run the central bank. they produce about 1.3 million barrels per se and export the majority of that over to europe this could be imminent and have an impact. they're trying to get more out of the western government, but 1.2 million barrels a day, is over 1% of global demand. >> pippa, thank you very much. >>> coming up, the nvidia effect changing lives, turning casual investors into veterans. we'll take a look at one such story, next. story, next. ? something amazing is happening here. retailers are moving inventory quickly and securely. that's because cdw designed and built a

we've got pippa stevens for one of them and steve coufax for the other. ppa, we'll start with you on how things are shaping up for the trils and materials. >> we could be on the verge of an old school capex boom as bank of america put it. security and better control over the supply chains, protectionism which includes ai and data centers. industrials and marketing are broad. industrials are now trading at their cheapest valuation relative to tech in more than a decade. in the last six years f e just 12 cents. names to watch include emerson electric. martin marietta, and freeport-mcmoran. >> steve, what are you seeing in the chips? >> let me go back a little bit. it's all that massive capex names like google and paying for artificial intelligence. two chip names are reversing that trend. it's going to cut capex to $2 billion from $5 billion by 20267 if sales come in at the lower end of their good answer. now this is an unusual move for ti. usually they don't put out this stuff so arlier. it's coming out from elliott management to keep up strong cash flow, a

. >>> let's go to pippa stevens for the biggest names moving into the close. >> j.d.com is falling, according it had been the largest shareholder? jd.com with a 5.19% stake. reuters reports the sales were sold in a price range near 25.85 per share. >>> and texas instruments is gaining ground, citi upgraded the stock, says it bottoms the margins have bottomed and a rebound could result in significant earnings growth, those shares up some 3%. pippa, thank you. >>> we're just getting started, up next navigating the tech trade. it looks like some up side would be on the haydn. at least that's what emj's eric jackson is betting on. he'll tell us the one name he sold, but is considering buying again. this just after the break. you're watching "closing bell" on cnbc. okay, team! oh, thank you so much i couldn't have done it without you. honestly, i don't do a whole lot here. i'm really just here for the at&t internet, it's super-fast so, any pre-launch concerns? what if nobody buys them? that's mean or, what if everybody buys them? oh, i hadn't thought of that that's probably not gonna happen can we

thank you, pippa stevens. >> doug, let's get a broader look at how that situates things. the dow is under pressure, nasdaq is under be pressure and small caps are the worst performer, ty? >> yeah, the nasdaq down 3% as you see right there. 500 points on the nasdaq. thanks for watching "power lunch." >> "closing bell" picks things up right now. >> kelly, thanks. welcome to "closing bell." i'm scott wapner live from the new york stock exchange. the make or break hour begins with the critical countdown to big-time earnings. apple and amazon are set to report their results. our experts are at the ready with all you need to know. we're going to bring them in in a moment. we will show you the scorecard with 60 minutes to go in regulation. very rough day on the stocks. raising questions about just how much growth is slowing in the u.s. economy. there's your

. >>> up next, pippa steven is back. >> one stock is popping 20%.ng on a name, coming up next. - [narrator] life with ear ringing sounded like a constant train whistle i couldn't escape. then i started taking lipo flavonoid. with 60 years of clinical experience, it's the number one doctor recommended brand for ear ringing. and now i'm finally free. take back control with lipo flavonoid. >>> back to pippa. >> shopify is tracking for its best day in the year. it says it saw strong demand for its services which included software for online merchant, despite what it calls a mixed spend environment. >>> progress is being made on vf's brand. those shares are up 7%. scott? >>> pippa, appreciate that. >>> still ahead, looking under the hood with fintech company robinhood reporting earnings in less than an hour. the stock is seeing some strength so far this year. can the run be sustained? we will discuss, coming up. the bell is coming right back. at aes, our energy solutions have powered the world forward for more than 40 years. and as demand continues to sc

let's send it to pippa stevens for the biggest names. >> another setback for boeing. nasa announced over the weekend that it will leave two astronauts at the international space station until february when they will return via a spacex spacecraft. the test light was originally supposed to last about nine days. and shares of icon enterprise is hitting. it will sell up to 400 million depository units through an at the market offering program. icon settled the charges with regulators paying $2 million in fines over the failure to disclose as much as $5 billion in personal margin loans those shares down 12%. >> thank you. >>> we're just getting started here. up next, robert kaplan join us to give us his first reaction to the chairman's speech. we're live at the new york stocks exchange. you're watching "closing bell." clem's not a morning person. or a...people person. but he is an "i can solve this in 4 different ways" person. you need clem. clem needs benefits. work with principal so we can help you with a plan that's right for him. let our expertise round out yours. sur

pippa stevens, thank you. >>> tim you got a take on starbucks. what about the move by starboard? >> yeah. great to see it from a trader's perspective obviously. did buying. the extent of management issues a problem forecasting a core business on some levels is a very sophisticated business. that's concerning. macro head winds and i'm not sure they can do a lot about activist funds. happy to see them push change. chaos in the stores and c suite. ability to certainly try to put the brakes on where margins have pulled back dramatically. but i also think you had a unique and almost a once in a lifetime dynamic for starbucks in terms where e thcould raise prices and a sweet spos of covid and post-covid reopening. something investors have to wrestle with. i like starbuck, own it lower. not greedy but a six handle. >> wow. going to be a six handle. something vor a 77 and change stock -- a ways down. all right. we are just getting started here on this friday. coming up on "fast money," cho pate li chipotle shares sizzling. >>> and one big oil stock looking really good right now. >> annou

i'm pippa stevens with your cnbc news update. new jersey state police released a mugshot of the drunk driving suspect accused of hitting and killing nhl star johnny gaudreau and his younger brother last night on a bike ride. the driver, whom police identified as shawn higgins, is charged of two deaths by auto and held without bail. the brothers were in town for their sisters weekend. >>> yemen houthi rebels setting explosives aboard a greig flagged tanker in the red sea last week. it had about 1 million barrels of water when it was attacked, and putting the red sea at risk of a major oil fill. >>> in california, state lawmakers sent a bill to the governor for his signature that bans six artificial guides from public schools. it prohibits foods and beverages which have food and dye coloring. >> pippa, thank you very much. >>> we are just ten days away from apple's iphone event on september 9th, but rising tensions between the u.s. and china is shining a spotlight for apple suppliers. eunice yoon reports. >> reporter: here in china

. >>> now over to pippa stevens for a cnbc news update. >>> the world health organization announcing there will be limited pauses in fighting in gaza to allow hundreds of thousands of children to receive polio vaccinations. the humanitarian pauses are in coordination with israeli authorities, and will last three days in different areas in the palestinian territories, beginning this weekend. it comes after a baby contracted the region's first confirmed case in 25 years. >>> a hong kong court convicted two former editors of the now shuttered pro-democracy news ou outlet. the trial against the former editor in chief and former acting editor in chief criticized the government during the 2019 pro democracy protests, is the first of its kind since the former british colony returned to china in 1997. >>> star steph curry has agreed to a one-year extension deal for over $62 million. his agent says the extension will keep him under contract for the 2026-'27 season, which keeps him with the only franchise he's ever played for through his 18th season. no doubt a lot of happy warriors fans out t

pippa stevens why the energy sector is sitting out and contessa brewer looks at flutter reporting earnings. we are add bing to it as we spe. rick rieder sat where you're sitting at the top of our program today and said he's trimming stocks. i want you to listen to why. >> equities are going to be higher over a year from now. that being said, i think these valuations have gotten -- have caught up. >> all right. so his point was, look, valuations are full and rate cuts are -- everything's priced in because the market snapped back so much from the depths of last monday. >> right. we are still a few percent below the record highs in the s&p 500, in the nasdaq, but i think you have to remember, trying to -- been pointing to this, that at that moment, at the highs, you have just complete agreement on how ideal the setup was. in terms of probabilities of soft landing. the very small probability of hard landing. the fact we even thought we had a fix on the election and we hadn't yet had that kind of stutter step rethink about ai investing and the big tech pullback. so i think it's fair to say if t

. >> thank you >>> let's get right to pippa stevens for a look at the biggest names moving into the close. >> intuit is the worst performer today down 7%. the company beat estimates for q4, but weak revenue guidance is hitting the stock. the company also adjusted its long-term growth ranges, including for its consumer unit. noting this puts more pressure on the small business franchise to power growth over the long-term. and shares of war by parker on track for their best day since may after securities upgraded the stock to market out perform. estimates for the glasses maker are too low as it's consistently gained market share. the firm added the stock is underperformed the broader market and the new $20 target is 28% above where the stock currently trades >> thank you we're just getting started here. up next, new data shows a big bounceback in the housing market we'll break down how that could affect the sector in the months ahead. we have a quick break. we'll be right back. energy fuels, a leading american uranium producer, is ramping up production to supply expanding nuclear markets an

pippa stevens is at hq and has the details on this story. >> that's right.s race for chips, but also for the equipment that cools them. specifically liquid cooling. on nvidia's call ceo jensen huang said the number of data centers that want to go to liquid cooling is, quote, quite significant because traditional air conditioning systems just don't cut it for gen ai chips given how much heat they're generating. lick kid cooling can lower data center operating costs since it lowers power consumption. telling me we've crossed the rubicon in the sense there's no going back to traditional cooling. currently about 5% of data centers have liquid cooling but the firm anticipating a 40% compound annual growth rate ahead. now right now there are no pure play liquid cooling companies, but there is a lot of interest given the potential market size. verdsit has the highest exposure with anven and snyder electric trick and then also the legacy hvac names. none have made a big splash in liquid cooling, but it's a natural extension of their business model and companies incl

pippa stevens is back with us. >> as consumers look for value, unlimited pasta is back at one restaurantg those shares a boost. all the details coming up next. business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning. it's the go-tos that keep us going. the places we cheer. trust. hang out. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. powering more businesses than anyone. powering possibilities. next on the red carpet we have gina costa... looking simply stunning... with this season's hottest accessory. -[ cellphone vibrates ] -oh, what's this? she's opening her fidelity app... to buy that stock... for exactly the amount she wants... no fees or commissions... what will gina do next? gina has roller derby at 6:00 pm. i'm there. get started investing for as little as $1. talk about easier investing. >>> we're less than 15 from the closing bell. let's get back to pippa. >> boeing is lower after the company paused flight tests for the 777-x after it f

pippa stevens is with us now on more on the big move that we're seeing in oil. it's both. so oil is starting the week in the red, coming off a fifth negative week in the past six. it really comes down to the fact we're seeing headwinds on the supply and demand side, and you add in the macro uncertainty including what happens later this week in jackson hole and there's not a lot to like in the oil market right now. a lot of participants are on the sidelines. one headwind has been china. we have a chart showing just where their demand is. you see there on the orange line, it's both below last year's imports. this is crude oil imports into china, as well as below the five-year average. according to rbc, imports are down 320,000 barrels a day so far this year, and in july, numbers were the weakest since september. so that has been a big headwind because for so long, all the bulls were saying once chinese demand recovers, then the market will look better. nat gas, we have a chart, up more than 4% today, catching a bid above that $2 level as some of the producers have

days since january as the world east largest uranium producer slashes production target today pip pippa stevensuction outlook by 17% due to construction delays and shortages of acid, essential in the mining process, this market could remain very tight looking forward which is why we're seeing big moves in uranium mining stocks, kazakhstan controls 40% of uranium mining, calling them the opec equivalent for the industry now, global interest in nuclear power is growing after russia's invasion of ukraine. new reactors are being built, and existing reactors are staying online longer, stressing supply chains and leading to uranium shortage fears, utilities will need 180 to 190 million pounds, 160 to 170 million pounds is forecast that is not a permanent solution uranium spot prices have pulled back since hitting a 16-year high earlier this year, but that overhang could now lift and just this week, leslie, china approved 11 new reactors back to you. >> pippa, a lot of cross currents in the market, thank you. tim, what's your take? >> real quick, the politics in uranium are front and center, they're e

pippa stevens. >>> coming up, the vice president expected to unveil her policies tomorrow. straight ahead. >>> look at this morning's leaders and laggards walmart up there taul as well "squawk box" will be right back. >>> welcome back a slew of retail earnings this morning, we heard from walmart here is a look at alibaba. the earnings topped estimates, but the revenue was short of street expectation e-commerce sales were under pressure from cautious spending by chinese consumers and the shares are down nearly 4%. >>> shares of tapestry moving higher earnings of 92 cents a share came in four cents better than the street had expected. revenue of $1.59 billion also topping estimates. the company noting momentum at coach, driving handbag revenue growth, shares up 5.4% though that's been a little bit of a rough go since march for that stock. >>> coming up on the other side, the economic issues impacting life and investments a look at how kamala harris plans to tackle the inflation and her ideas and how they may compare to former president donald trump's, maybe even to her curren

i'm pippa stevens with your coupons news update. >>> vice presidential candidate tim walz hosting hisevent on the campaign trail since joining the ticket last week. the minnesota governor is scheduled to deliver remarks to one of the nation's largest public sector unions in los angeles. walz, a former public high school teacher and union member, is an outspoken supporter of unions. >>> iran has rejected calls to refrain from retaliatory attacks fence israel over the as assassination of a leader. a spokesman says iran is determined to defend its national security and dismissed calls to lower the temperature in the region. his comments came after the u.s. and a number of european countries issued a joint statement urging iran, and its allies to stand down. >>> and the olympic flag has arrived in los angeles. the host of the 2028 summer games. officials in paris handed the flag off during the closing ceremony and it was flown to l.a. after the end of the paris games. los angeles was awarded the 2028 games back in 2017. it will be the third time the city has hosted the olympics in the mod