or for rory. >> porsche is the one pulling ahead, it gets a little complicated but porsche owns a largetake in volkswagen. ferrari has been talking about building a by 2025, volkswagen wants to be the leader by 2025, young one car versus the number one. that is the main difference between the two, ferrari has been better than porsche but you also notice that porch has a cheaper evaluation so that can certainly help provide an accelerant, also a lot of the analysts are really worried about whether or not ferrari will be able to pull this off, getting into the electric vehicle space, goldman sachs double downgraded for re shares, porsche, meanwhile announced really great second figure sales and they have much bigger momentum behind them at this point. jack: porsche selling at seven times versus 42 for four re, coming up next high stock valuation, low yield, inflation, valuation, low yield, inflation, they said it couldn't be done but you managed to pack a record 1.1 trillion transistors into this chip whoo! yeah! oh, hi i invested in invesco qqq a fund that invests in the innovators of th

remember when porsche fans requested how much demand there would be for an e porsche.get a 911 you can't even get a standard transmission you have to get an s you can't get it in a standard or 911 >> really? >> the taycan. now saying the taycan is now as popular as the 911 and joining us to talk about china and whether corporate america is doing enough to speak out on the violations of just simple doccyemra check out the futures. we'll be right back. a fund that invests in the innovators of the nasdaq-100 like you become an agent of innovation with invesco qqq like you this is dr. arnold t. petsworth, he's the owner of petsworth vetworld. business was steady, but then an influx of new four-legged friends changed everything. dr. petsworth welcomed these new patients. the only problem? more appointments meant he needed more space. that's when dr. petsworth turned to his american express business card, which offers spending potential that's built for his changing business needs. he used his card to furnish a new exam room and everyone was happy. get the card built for bus

porsche going fully electric. of the business, how even is this going to be across all the platforms? chris: that is a very legitimate question. so far the premium and the luxury car brands have been the main profit drivers. porsche accounted for 50% of operating profit at volkswagen last year. that is pretty extraordinary considering they do not sell very many cars. at the same time, the core volkswagen passenger car brand has been struggling for some time with high cost. it will be critical for them they streamline the mass-market car business and do not risk relying on the premium car brands, audi and porsche. taylor: i am sitting here in new york. there's been so much of a focus, we received orders from the biden administration looking at beefing up our chip supply, beefing up our boundaries that were relying on places like taiwan. china gets in the way, taiwan semiconductor over there. there has been a focus on nationalism with chips. bringing it back to bw, how are you thinking about reducing the global supp

for the porsche client.uly 1 which gives special benefits to members and our customers can actually use those member benefits to benefit them on our programming. maria: wow. that is really cool. i love it. so kenny, look, we were talking with some airline executives recently and they were talking about a pilot shortage. look, we talk about business all day long having a hard time finding employees. are you seeing that pilot shortage in private travel as well? >> well, i think you're seeing, again, we talked about the roaring '20s trade and the airline industry, they made themselves smaller and they're experiencing, like everybody is, just an a incredible demand on their system. we're positioned very well as a premium player. we're certainly not looking to be the low pair, the low cost provider here. we have a pilot force of over 1,000 and all of our pilots are going to be part of our public company, our public offering. we think we have a very differentiated situation for our pilots. a great work schedule. s

well, the porsche does get thirsty and as many electric car owners will testify, having a charger atost a necessity to make sure you can go places tomorrow. beep. but all is not as it seems. because this smart charger has mysteriously switched off. beep. next day, our man is often an important meeting, no doubt, and to show off his flashy new motor. but he's going nowhere because his tican can't — its battery is still flat. his car's 0k — it's the wallbox charger that's been hacked and turned off. and it gets worse. because hackers can access the firmware of this second charger, the project ev, they can disable this permanently. both chargers have been approved for sale in the uk by the government's department of transport. so how can this happen? well, thankfully, the good guys have found the problems first. the number of so—called �*white hat�* hackers is growing fast — these are the people who test systems and products to find flaws before anyone else does. vangelis is the hacker who found the security failures. so on wallbox, you could take full control of the charger. it could g

secondly, puberty, nah, i think it's midlife crisis, and let's all buy the porsche and move on. >> i have found this whole conversation interesting, though, i will tell you, the fact that he used the word puberty, i think, has gotten the conversation going in a way that people are trying to think about where is this moment that we are in as a nation. and i will say, i don't know, i don't know about buying the porsche, that's kind of crazy, michael smerconish. >> the wispy nation. >>> after months of progress, coronavirus cases are rising again in parts of the country despite the vaccinations as highly contagious delta variant spreads, this is according to new data from johns hopkins university that, states with below average vaccination rates have almost tripled the rate of new covid-19 cases compared with states above average vaccination rates. let's talk about this with someone who has seen this on the ground firsthand, dr. nick sawyer, an emergency medicine physician at uc davis health. sir, thank you for being with us. you caught our attention because just a few days ago you twee

porsche, audi, as well as bmw and daimler. as legitimate discussions about technal specifications turned into market coordination that left consumers with fewer choices. >> they colluded illegally to restrict competition in the area of emissions cleaning technology for diesel cars. this is the first time that the commission finds that corporation on technical elements as opposed to price fixing or market sharing, for that matter, and that's -- behavior. >> bmw and volkswagen agreed to pay the fines. daimler escaped fines because they shared this with the eu. just as it tries moving forward towards an electric, greener future. the recent emissions scandals loom large, with litigation and critical cases still ongoing. worse than any fine is the added damage to reputation. brent: some sports news. in tennis, top women seed ashleigh barty is on her way to the wimbledon final after knocking out angelique kerber. she is one win away from emulating her idol. >> >> >> this is uncharted territory for ashleigh barty. she's never made it

a porsche executive says it has been seen in 130 cars. result owners have to bring the cars in to a repair center for a software update. over the air update is not possible in the case the ceo says the fix will take 90 minutes to complete i could have addressed the teslarians on both sides you say anything and if i must my eyebrow wrong, someone on either side of the trade gets really angry and says we're all paid off by someone. they are emotional we have seen in the past with omega. they obviously, love tesla they point out with tesla, i think that is what porsche is referring to with the software fix that they do over the air all the time where it just happens overnight. >> right. >> that's the difference >> that's the difference >> that's the difference. >>> let's talk about trading app robinhood. filed s1 the first step to the ipo of the year the filing revealed so much. the company's rapid growth on one end offering insight to the financial roller coaster from this year after the round of emergency fund raising amid the meme stock t

she has a porsche english accent after spending a year at home watching peppa, pig. oh, yes. my daughter commonly used words and phrases like said nath petrol. can i have a go, et cetera. and for a christmas i had to put out a freaking mince pie for father christmas, or as we call him here in the states. santa american kids watch so much peppa pig during a pandemic, that they developed british accents and started regularly using british words like holiday instead of cation confusing their parents. next course of if your child wakes up and makes another cup of tea in the morning for now, the pepper effect is just dominating young voices with kids. adopting unusual to america vocabulary and a british accent. and this takes claim to fame is that she's a 2nd moses of on call to us household to find spongebob grap. when you look just parent struggling to keep op us politicians seem to think that this piggy pandemic is another british take over. we thought was so this wouldn't happen. oh, i remember the great battle over the british tongue, but it seems not everyone thinks that's a

well, the porsche does get thirsty and, as many electric car owners will testify, having a charger ata necessity to make sure you can go places tomorrow. but all is not as it seems because this smart charger has mysteriously switched off. next day, our man is off to an important meeting, no doubt, and to show off his flashy new motor. but he's going nowhere because his tican can't. its battery is still flat. his car's 0k. it's the wallbox charger that's been hacked and turned off. and it gets worse. because hackers can access the firmware of this second charger, the project ev, they can disable this permanently. both chargers have been approved for sale in the uk by the government's department for transport. so how can this happen? well, thankfully, the good guys have found the problems first. the number of so—called "white hat" hackers is growing fast. these are the people who test systems and products to find flaws before anyone else does. vangelis is the hacker who found the security failures. so on wallbox, you could take full control of the charger. it could gain full access and

what is the company's focus and how likely are we to see a porsche $911.00 and lower earth orbit as a result? well, for that last point, probably a low probability. but before i start, aerospace technology is that a firm that's looking to do small fat launches in leo, lower the orbit. and so, you know, it's, that's a really crowded market to be honest, of the current number of launch companies out there which includes heavy, medium, and small launch vehicles. there's $162.00 and about 70 percent of those. maybe a little bit more going to be small launch vehicles. so you know, it's a very crowded market that is growing because of the smaller new tries and electronics and more competition, more investment. so there's opportunity. but i wouldn't necessarily say that it's, you know, a done deal that i sorry, as you know, going to be a major player in, in transportation, essentially. now from one start up to another, we've learned that var space industries, which is founded by 2 people with experience that space acts and the founders fund has raised $50000000.00 to launch its 1st space fac

i thinkke it's clear once again i'm on porsche for what i believe is the 25th or 26 time to say the answerhe crisis on the border and the crisis in latin america in general is to end the war on drugs. kennedy: and the war on drugs. kennedy: they all, that is the granddaddy, the grandpappy. the mother of all root causes. >> yep. it's interesting because the root causes, you can just look at the 40 plus years joe biden was in the senate pushing for all of these policies. joe biden is the personification of root causes of problems in latin america whether the war on drugs which led to the cartel taking over from whether it when he was the head of the senate intelligence committee and overseen from the senate, overseen the cia, overthrowing democratic regimes using cartel terror groups they set up to overthrow duly elected government and as a result, destroying the rule of law, destroying any sense of stability in those regions entirely for geopolitical u.s. purposes and we are seeing the d wages. we are seeing joe biden's architecture falling apart at the seams and it not just joe biden, repu

who haven't read the book and i hope you buy it but it rebelled a little bit and you crashed his porsche in a ditch? >> the fact checker when this past my mom and dad and my dad was deployed at the time. he wrote back and said i have no recollection ofio that. that was my sophomore year of high school. and yes i had to figure out a way to get the repairs done there was a tear in the radiator i had to be repaired by the time he got home. >> d5 quick. >> i don't. >> your dad is one of the greatest pilots in the history of the marine corps. you like flying because you do this book was it rebellion or i don't want to follow in his footsteps? you did a lot of kick asked us. going to afghanistan and pakistan in there in the mountains trying to get into the pakistani taliban and why not fly? >> i don't know it never quite sunk in and i realize writing this. wasn't interested in because of flight or aviation i was interested in the aviators. so even now at one point when i started going out to mojave for the book the pilot said you are out here all the time here's the opportunity for you to get

porsche, audi. we should become relevant. spoke to an analyst who said you are playing offense, but defense in china. can you talk about issues with the uptick of the id4 electric suv in china. give us some perspective on how you will compete more aggressively? dr. diess: we are absolutely aggressive in china. we use the transition into ev not easy for us. we are the biggest car manufacturer in china with over 23% market share. the second most important company for 8% or 9%. we are good in china. to get into this position -- everyone wants the market share of us. we are investing heavily. last year we found it two subsidiaries where we own majority, one for audi and one for volkswagen. we are ramping up our development resources there before the 2000 r&d engineer software capabilities. we are not at all defensive. we are very aggressive in china. the introduction of new models is taking momentum now. days are picking up. we have good oil intake. i am confident we will step-by-step get back to our market share position in the

you are going for the much higher end, the bentley and porsche's of the world. carsten: correct.ilding a top premium luxury brand. our target is to define what premium luxury means in that category. this means you have to start at the top, come up with the halo product that many people are talking about, desiring, and almost nobody can afford. this is how you build a brand. once this is understood by the market, moving down and other market segments, so we will have a second product, the ff8, a smaller version, 18 months after the ff91, which will compete with tesla. then there will be a third product which will then go into the volume segment, cars starting around $45,000, computing with the tesla 3 and others. matt: you want to have a bigger interior space than anyone else in your segment, a better digital experience, kind of like an apple experience, but you are also going to try to reach 1000 horsepower, 0-60 in 1.2 seconds. are we really going to see that in dealerships in 12 months time? what kind of figures will you be able to put out? carsten: we will start with the top l

all of the automakers are constantly modifying the technology >> remember what happened with the porschead tesla has problems too would you say these are growing pains or something across the board for all evs? >> i think tesla has dealt with it a little more publicly. remember, gm, the chevy volt, it was a hiybrid. they had fires early on. we covered it. they addressed it. it is forgotten since then gm can get past this as can porsche and these vehicles there are growing pains. any time you talk about a vehicle catching fire immediately people sit up and say wait a second gm needs to address this as quick as possible >> appreciate it thank you for keeping us up to date on all of this. when we come back, a new report on racial inequality in the wake of the pandemic. we'll talk to a coauthor of that report first, check out shares of apple right now. the stock up 9%. pps.s leading the dow as it stay tuned you are watching "squawk box" here on cnbc jerry is here! j! mate, how are ya!? it's so good to see you. good to see all of you, yeah! why is jerry so... popular? it's been like this ever

. >> weiss, just a name, doc, a name >> porsche >> kohl's. >> have a good weekend everybody. "the exchange" starts now. >> thank you, scott. and hi everybody happy friday we're going to try and clear up some confusion about the economy today. if inflation is the fear, why are interest rates falling and if rates are falling, why are momentum stocks also sliding? we're going to speak with one strategist who says he has the answer to all this and it's a bullish one coming up in a moment plus the ipo boom continues and we're going to talk to the head of one company who's gotten a big boost thanks to the pandemic they make glass viles for covid-19 vaccines among other things the spending just won't stop i'm really enjoying these rhymes dom chu is over there with the markets. >> i love it, i'm sitting here going it's so poetic on this friday kelly, i don't have anything to top the rhyming you just had going on but it's a negative day for the markets overall. we've taken a bit of a turn but it's not dramatically to the down side. dow industrial is off 100 points, one-third of 1%. s&

. >> eric lived in a giant house and drove a porsche.t gentle. >> i'd never been spoiled like that. i remember thinking i was, like, julia roberts in "pretty woman." >> tina was moved by eric's story. >> he said to me that his wife died in a tragic boat accident. and that they were never able to find her. >> she couldn't help noticing how great he was with his kids. >> he would sit on the floor and play with'em. and i actually thought he was a great dad. >> and she was eager to help, taking care of the kids while eric went, as usual, to the beach to play volleyball. >> i thought they lost their mom, they need someone to step in and -- and i'd be their mom, but do things their mom would do for them. >> but when they took the kids to visit pegye's parents -- >> there was a lot of animosity towards me. and i understood why. >> all they saw was this hot young woman who'd been brought in to replace their missing daughter. >> right. right. and exactly three months to the day. i can't even imagine what they were thinking. >> pegye's family wasn

the companies are bmw and volkswagen, plus, vw's audi and porsche divisions. e.u. investigators say they kept improved pollution technology off the market. california lawyer michael avenatti, who once sued president trump, was sentenced today to 30 months in prison. he had tried to extort millions of dollars from nike. avenatti previously represented porn star stormy daniels in her legal fight with mr. trump. and, on wall street, stocks retreated after jobless claims rose slightly and investors turned to bonds over stocks. the dow jones industrial average lost nearly 260 points to close below 34,422. the nasdaq fell 105 points. the s&p 500 slipped 37. still to come on the newshour: how the surfside collapse raises concerns about future investments in other buildings. texas republicans continue their push for restrictive new voting laws. boomers respond to millennial complaints about the world they created. plus much more. >> woodruff: now, the staggering death toll from covid-19. more than four million people have died from the disease globally, according to an off

. >> weiss, just a name, doc, a name >> porsche >> kohl's. >> have a good weekend everybody.e're going to try and clear up some confusion about the economy today. if inflation is the fear, why are interest rates falling and if rates are falling, why are momentum stocks also sliding? we're going to speak with one strategist who says he has the answer to all this and it's a bullish one coming up in a moment plus the ipo boom continues and we're going to talk to the head of one company who's gotten a big boost thanks to the pandemic they make glass vile

typically mercedes benz s-class, we're competing with the top table against mercedes, audi, bmw and porscheth the dream edition and a high end product, 1,000-horsepower, some versions over 500-mile range, but my passion is to drive that cost down as soon as possible, and the sooner we can get the pure edition, the pure air out late next year, then we can get that price point way down into the 70,000, and beyond that, we'll have other models mid-decade which bring the price into a much more affordable realm. liz: well yeah, because you have experience in doing that, having been the lead engineer of the model s, which is the least, sorry, model s is the fancy one. i just got a model y which is to me, affordable certainly moreso than my lexus hybrid, so you've got to tell me, how you plan to scale up, you have 11,000, as i understand it, 11,000 reservations. >> we do. liz: do you expect all 11,000 or at least the greater part of these to come through and actually take ownership of these cars? >> we'll see. i mean, people put serious money down up to $7,000 deposit in the case of the dream edit

it enabled the federal trade commission to recover more than $9.5 billion from volkswagen and porsche -- porsche for consumers who were deceived by false advertising about vehicle fitness and the -- with the illegal omissions devices -- emissions devices. so, honest businesses want this legislation because they don't want to have to compete with fraudsters and scammers. this can't wait. we have seen new bad actors cropping up all over the country . and taking money out of people's pockets. and it is open season right now for scammers, every single day that we wait, they get away with the scams and not have to put people back -- people's money back into people's pockets. and so i urge my colleagues, join us. there's no secrets here. it's the same bill. join us. to protect consumers, there's plenty of guard rails that have gone on for 40 years and it is time to pass this bill now. and i yield back. the speaker pro tempore: the gentlewoman yields back the balance of her time. the gentleman from new jersey reserves. the gentleman from florida is recognized. mr. bilirakis: thank you, mr. s

porsche is also down. it's about the leisure, it is about gaming, but it is also about travel.g higher. a mixed bag of stocks bringing travel and leisure to the upside. let's talk about the global economy and the story at the ecb . they have a potentially heated two-date meeting today deciding how the monetary easing strategy will affect things. it is unclear what this means for interest rates and bond buying. let's get into a conversation with jean-claude trichet. he joins us now. you for joining us. let me start with a global perspective on inflation. we can delve in to some messaging from the ecb and strategy. i would like to get your take on inflation globally and how transitory it will be. jean-claude: it is obvious that we have a very important spike on inflation, particularly the u.s. and the u.s. economy has a very important influential hold on the world. i see elements that call for great attention. now, in europe, we're ina different situation. it is clear that the inflation is higher, not surprisingly, because of the spike of oil and commodities. on the other hand, w

vehicles the brand going to fall under a new company owned by croatian electric car service and dw porscheng support for the infrastructure framework proposed, by a group of bipartisan senators last month, bipartisan deal is not tied to any reconciliation package has become a major sticking point in negotiations, i want to bring in american -- former cbo director campaign adviser douglas holtz-eakin good morning. >> good morning. cheryl: what do you maker of the announcement? have would you think it is always seems apparent that infrastructure would be bipartisan but we've done nothing but fight about this for last 8 weeks or so, in this particular i want to get your take on the price tag, we're under a trillion, is that a good or a bad thing? >> well, it, trillion dollars really translated to 600 billion dollars new spending from things already planning to do so those are packages that are more sense ploo than some we heard how do you pay for it the sticking point in the house a lot of person that the senate was in outline wasn't really a deal and trying to write details in legislation no

where did he get the money for the porsche pan-american when he was being interviewed on abc last yearse where i come from that's living high on the hog. just saying. coming up, countering china, u.s. talks with the country also a rocky start and we dive into president biden's policies. plus going for gold and wear team usa stands at the tokyo olympics with the tokyo olympics with big wins and big upsets the tokyo olympics with big wins and big upsets tailor made or one size fits all? made to order or ready to go? with a hybrid, you don't have to choose. that's why insurers are going hybrid with ibm. with watson on a hybrid cloud they can use ai to help predict client needs and get the data they need to quickly design coverage for each one. businesses that want personalization and speed are going with a smarter hybrid cloud using the technology and expertise of ibm. nice bumping into you. dagen: welcome back. i'm taking mcdowell and for maria. it's monday, july 26. a look at the market at the bottom of the hour with future trading lower to start the new week with all three major market