bill pulte, pulte capital ceo.tions are we are going to see rates come down, not just market rates which are down but the rates the fed controls. looking at three rate cuts by the fed. what do you think? that is fairly aggressive. >> that is just playing catch up. they have fed fund rates, what they lend to each other, 5. 4, to 5. 5, the 10 year yield at 4.2. they have room to come down. they are going to do that. that will not affect the outcome but it could affect the market. what happened july 11th when the market let up and interest rate sensitive areas lit up, the market recognized the inflation number and i suspect will get one cut before it is the election and one after the big one is the 10 year yield that provided a tailwind for the market for the economy which is getting a little better. who wants to get rid of a 3% mortgage. that is one big gigantic payment, that's keeping things down as far as the housing business. neil: i got to tell you i get a sense it is getting noticed. i won't say to the panic sta

i think pulte was set up, frankly, by how good horton was. everyone just fawned all over horton. looks like horton is a little more suey generous as they say. just go on horton. they have a great quarter. there was a downgrade of lennar yet which i thought was fat tu ous. toll brothers up. >> goldman did cut to neutral. >> you don't go against stuart miller, son of leonard miller, lennar. i do think that was a straight up power move. doug yearley is remarkable at toll. i think anyone who knows him is, extraordinary gentleman. >> you see who is here at post nine? contessa brewer. >> hello, gentlemen. >> the earnings are coming down the pike here, but we have breaking news right now from the federal trade commission which is launching an investigation into surveillance pricing. in other words, the ability to charge different customers different prices. the agency wants more information about how ai is used to change pricing rapidly based on data about customers' behavior and other characteristics. so the ftc is now demanding the information from eight companies, all of which advert

looking at the movers, looking at pulte group. >> new-home sales, a report on mortgage demand applications down. the reason, homebuyers are waiting for lower rates that will bring down 6.8% mortgage rate. stuart: what is with general motors? lauren: gm is down 2%, down grade at morgan stanley, industry pricing pressures and big risk of evs. stuart: where is left this morning? >> 3.3%, with the company since 2012. stuart: thanks, democrats are defending kamala harris's handling of the border. >> kamala harris's role, to engage in multilateral discussions with our latin american countries. the numbers speak for themselves. where we are with border crossings. we are in better position than we have in the past. stuart: pat fallon will take that on. the president is skipping benjamin netanyahu's speech and so are a dozen fellow democrats. chad pergram has more on the division between democrats, next. daughter: hey, dad. dad: hey, sweetheart. daughter: what are you doing? dad: i'm gonna clean the fence. daughter: it's a lot of fence. dad: you wanna help me? dad: aim at the wall, but get closer.

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horton, pulte, lennar, up 4%, this is the opposite of the big-cap tech names.the same time, what we call deep cyclicals, commodity stocks like mosaic, a fertilizer company, energy like an apache. and deep industrials like deere and dover. this is generically called cyclicals. all call ralying about 3%. mosaic was at a three-year low just the other day. these are significant moves up. lower interest rates, sensitive sectors might do well, like utilities and reits. so edison and american electric, two classic utilities, up 2%. macerich up 2%, and there's vornado, one of the office reits, up 5%. all the office reits are up strong today. sl green for example, as well. so kelly, the big question is, does this have any legs at all? we have seen some modest moves up in small caps and cyclicals before this year, and it's not lasted. i isn't, though, that the fact that we had a negative print today on the month over month cpi raised a lot of eyebrows and convinced people that interest rates were trending down, the fed was going to move, and inflation was slowly being --

holton, lennar, pulte, watch this space.re about cash and buybacks. bristol-myers surging 8%, raising its full-year guidance up 10%. the best day in 10 years. >>> coming up, let the games begin. >> when we come back, we're serving up the almost games of 2024 right here on cnbc live from paris. welcome to the now way to network... they switched to juniper's ai-native network. and now everyone's so productive, they're operating at a higher gear... that's the now way to network at work—with real ai—putting you in the fast lane. while i am a paid actor, and this is not a real company, there is no way to fake how upwork can help your business. upwork is half the cost of our old recruiter and they have top-tier talent and everything from pr to project management because this is how we work now. dave's company just scored from the comcast businessent 5-year price lock guarantee. high five! high five! -i'm in a call... it's 5 years of reliable, gig speed internet... five years of advanced security... five years of a great rate that

in addition, evercore raised its price target on pulte, kb homes and toll brothers and maintained anumbers as you mentioned mixed. what's the next thing we're going to be looking for in terms of whether there's actually tangible improvement here in terms of turnover activities? >> i think you have to look at the housing starts numbers we get tomorrow morning at 8:30. they're going for june, few construction. the single family side specifically. that's going to tell you where the homebuilders are thinking when we look at building permits because that's an indicator of future construction. new home sales come out next week for june, so that will be mortgage rates based on june but if you look at the drop in rates and get commentary from the builders on their concessions and lowering prices it will give you an idea of what they're looking for in the fall. >> all right diana, thank you. julia, match shares really responding to this activist interest. >> responding indeed. match shares gaining over 7% into the close after activist starboard value disclosed a 6.6% stake in the company. sta

i know tolle, lennar, horton, pulte. i know all of those, but not forestar. i have to do some work.t to pound the table yet on lineage, but i do think there is a lot to like here. valuation wise, the stock seems to be where it should be. that's refreshing to see. much more "mad money." columbia, did the stock move higher? the quarter's recent mixed quarter is behind it. i'm trying on the story for size with the company's ceo. >>> and on friday, a jury ordered abbott to pay $495 million rempted to premature infant formula. i'm breaking down the verdict and what it could mean for the entire industry. and all tonight's calls in tonight's edition of the "lightning round." so stay with cramer. >>> see, every buy and sell decision before we make them for the trust portfolio. >> they have a portfolio of stocks i could have never duplicated all that information on my own. >> join the club today. go to cnbc.com/joinjim. (office chatter) is it me...or is work not working? at least, not the way it could work. your people are buried in busy work. and you might be thinking... can ai make it all

horton, pulte group, lennar, these names are coming on really, really strong.ou heard jim this could be beginning of a long-awaited rotation. our next guest is cautious about the megacap growth names every time she has been on the she. main street cio erin gibbs. you were anxious about this stuff any way. >> i have been for a while. i don't like it when we have the lack of breadth, i'm very much in the classic investors where you showed that survey where we saw a huge drop in confidence in june. it is really concerning where we're seeing these valuations and this lack of participation. charles: so just one day? >> right. charles: record breaking day so far. >> it is. charles: best day ever, right? small caps versus large caps, best day ever, right? there is definitely, you know, but,. >> there is hope. charles: we've seen, we had false alarms before. there have been moments where the small caps outperformed for the week and the russell had a good day or two. then all of a sudden back to the revision to the new mean, when in doubt but put all the money into the