seema modi looking at the world of corporate spins what do you see?ing a big trend this morning alibaba saying they're pushing with a $12 million cloud spin off, the ceo saying it's part of his plan to simplify the structure of the business and it's easier to raise external financing as a stand alone company and it's what david dovener told us along with the yearn to simplify the business the drop in private equity deals that's pushing companies to raise capital by spinning off a specific business here's where it gets interesting. data from morgan stanley that shows spinoffs tend to outperform not only the s&p 500 but their parent company as well two years after the listing. the idea that big eger is bette, for industrials and health care where we saw aggressive m a.m f m&a for years that's starting to slow down a little bit >> thank you seema we look at a market adding dow jones up 120 points, mike santoli, the three best sectors, come services, technology, and consumer discretionary despite fair to say lumpy retail reports lately. >> that is true. c

seema, god, let's go half and half .beautifully, and you answer beautifully rahman al rahim, hello, good morning, welcome to today's reporter , may god bless you wherever you are, and i hope you have a good and successful day and week ahead. the most important events of the country today are the good news of rain to the breath of the desert, the dry leaves of the trees, to the night of the house, the porch of a thousand times, the smell of spring to the heart of the quivering bud, to the wish of winter , to the struggle of lahijan street, the troubled rain of iran, to the weary heart of the world. god's name is maddened , the glad tidings of rain to the breath of the desert, the beautiful leaves of the trees bring to the tired night of the porch, the smell of spring, to the heart of the bud trembling with the desire of winter, to lahijan street, troubled by the mighty dust, you are going , my dear friend, i will see the sun of tomorrow, iran , i will raise the flag with the love of iran, my flowers will touch me, your lo

short term today's movement, i can't explain it seema did a very good job because it did happen as soonn the conference call. i have to say that's irrelevant to what the long-term thesis is here, which is there will be geographical changes in large size and where plantings are made around the globe, it will require new ag equipment that will have precipitation farming capabilities revenue the long-term aspect of the company is very much intact and frankly going back to the short term this is a blow-out earnings number they raise guidance above where estimates are right now. so you'll see estimates go up as they have all year fundamentally this is in extraordinarily good shape one more thing, scott this is reminiscent of you and i talking about cisco yesterday. 28 hours ago cisco systems after its earnings report was 8% lower than it is right now what i'm trying to drive at here, the short term noise is not something to pay attention to when the fundamentals are as intact as they are at deere. >> i feel like that's saying in the short term stocks go up so who cares about the near term an

carl and sara, back to you >> seema, thank you.ma mody. >>> still to come, despite predicting a broader downturn for the energy sector, one firm upgrading chevron saying a 20% rally could be ahead it's one of the leaders on the dow, which is a positive. >>> cnbc is celebrating asian american and pacific islander heritage this month, sharing stories of influential aapi business leaders, like this one. >> growing up in an asian household, my parents have instilled values of hardship, believing in myself and giving back to community. i'm charted my career based on those values i have taken up opportunities where historically there has been a very low representation of women i have siem seeked out mentors that value diversity, that value who i am, what i bring to the table, so i think mentorship, giving back to the community, and as you you get more senior, creating that time and space to nurture the next generation of talent would be my message to everyone ♪ this is the all new, all electric lucid air. a car that goes as far as it doe

sources is a confirmation that shah mehreh was a british spy on the road of the sada news agency and seema complete documents and signed cooperation agreements between the two countries and pointing to the great capacities of iran in the economic fields, the kurds of iran and syria stressed in the calm days after the crisis that it should continue and expand in the commercial and economic fields until the second half of the judges and judicial staff, referring to the slogan of the year of the judicial system. they should do all they can to ensure the security of investment and the growth of production. kurdistan, the destination of the 21st visit of the head of the sanandaj judiciary was to meet with the judges and employees of the provincial judiciary . to take but scientifically and it was prudent to meet with different sections of the people of the province. the next program of the head of the judicial system was one of the most important events of the industry in the last few years in the form of the poultry industry of the province. the discussion of the presence of hojat al-islam and

seema shah, thank you. >>> coming up on "wex," looking on nvidia and the monumental month.out the chipmaker pushing it to the $1 trillion club more "worldwide exchange." back in a moment no big deal? go on... well, what if you partner with ibm and red hat, use a hybrid cloud solution to connect data across multiple systems globally, then analyze all that data with watson. okay, but this needs to meet our... security standards? yup. compliance standards? mm-hmm. so they get the insights they need... yup. in real time... check. . ..to make quick decisions? check. aaaand check. that's the hybrid cloud solution ibm and a global bank created. what will you create? ibm. let's create. [office sounds] ♪upbeat music♪ ♪♪ ♪when the day that lies ahead of me♪ ♪♪ ♪seems impossible to face♪ ♪a lovely day (lovely day)♪ ♪(lovely day) (lovely day)♪ ♪(lovely day)♪ a bank that knows your business grows your business. bmo. mamá, growing up... you were so good to me. you worked hard to save for my future. so now... i want to thank you. i started investing with vanguard to help take care of you,

i'm seema mody with today's etf edge more and more etf issuers are getting in on the game rolling outs that offer exposure to ai-centric companies and a timely endeavor after tech stocks including nvidia rose to new highs topping $1 trillion in total market cap yesterday round hillin vestments with offerings by launching a new etf ticker chat. joining me is the chief strategy officer at brown hill investments. dave, your goal is to make this the first pure play generative ai product what should investors know >> understand that generative ai has the potential to be as y ubiquitous as the internet itself or iphones. there was that killer app for generative ai. the fastest growing application and one of the reasons we launched the chat etf for companies at the forefront of generative ai. >> do you foresee appetite rather than exposure to the more watered down etfs? there is a new note from goldman saying ai could be added over the next ten years >> i think there will be more product launches but are four or five that have the word artificial intelligence in the etf name and several othe

play farming, the chemical shop will create employment, nahid khodadadi of the sada news agency and seema horse and thank you so much in the name of allah, the most merciful, the most merciful, greetings and good times to you, dear and respected viewers of the khabar network , welcome to the world today. we will start today's program with the first part of the short news review of the most important developments in the world. in this meeting, the chairmanship of this union was transferred from the islands to saudi arabia. this meeting was held with the aim of preparing the ground for the summit meeting on friday . deputy foreign minister of syria at the upcoming meeting in its meeting on the 17th of syria, the arab league agreed to ask the embassies of foreign countries in beijing to remove political symbols from their outer walls. homosexuals have been mentioned on the walls of the embassies of some countries. the embassies of european countries all refused to accept this request. the spokesman of the chinese foreign ministry said that he wants the embassies to give their consent in acco

seema hijab to the narrative of new muslims is the subject of the second season of the program without borders with hijab, which deals with the story of new muslims, and these nights on the air of the two station television network , the change in the style of clothing of new muslim women and the reason for their preference for hijab has become the subject of a program makers and other documentarians in they addressed it inside and outside the country. the greatest freedom to protect this letter is a documentary that narrates the story of fatima from melbourne, australia, and it was very funny to me that she was still a christian and wore a headscarf. you can meet the audience with fatima's interests and opinions shortly before and after becoming a muslim, getting acquainted with knowledge and freedom, this is the greatest freedom for me, this freedom to be able to protect myself, and i now have the freedom that i did not have until now. i am not a new muslim anymore. when i observed the hijab, i did not intend to become like me. well, i saw that i am more respected , less attention is

cooperate in creating job opportunities with the implementation of the imam's decree, sada news agency and seema, have a good time, god protect you, mothers, the liquid transfer of the elements of national identity, the identity of the people, what is important, the identity of a nation, the personality of god, first of all, the means of the mother, ready, the language, traditions and good manners, good yourselves, all these are the means of the mother , first of all, my father is much less effective more than mother mother the influence of faith is in the hearts of mothers, they raise children as believers. faith is not a lesson that one learns by teaching. faith is a growth of spiritual growth . we are not allowed to spread it. it is our means here . martyr shahnaz haji shah in 1336. she was born in shahrzadeh, according to her mother, she was a kind girl with god-knowing love and good qualities that every mother should seek god in prayers and supplications. martyr haji shah completed his preliminary education in 1958 , and in the school of love, he appealed to hazrat fatimah . zahra, may god

complex processes that must be done with energy and effort hossein kashanian, sada news agency and seema my tent in this short film, we captured a few hours from a book, i myself, a short letter in a few minutes from the book shina's daughter, as much as our contemporary literature is connected with cinema, surely we will have a thriving culture and a growing culture. razmandeh is narrated by a lesson from the region, part of which comes from the memories of this book, nuruddin, the son of iran. don't open the whole book . let's select some parts of the book . i wrote my own novels in the third eye, animated short film the book channel examples in happy cinematographic works are the most enduring movies in the history of iranian cinema. it is an adaptation of the few books that can go to the silver screen. tales of the war city written by habib ahmadzadeh, the movie 23 people is also from the book of 23 people by ahmed yusufzadeh, it is adapted from adaptations that are not similar to them, it is a serious challenge for many reasons, the directors and the writer show their desire to find

i'm seema mody west virginia said they reached a $68 million with kroger.ettle claims that the company fueled the opioid epidemic by failing to effectively regulate pill sales. this brings the state's year's long litigation to a close >>> tyre nichols' autopsy revealed he died of a blunt force trauma in a statement on wednesday, the lawyers also said his death was ruled a homicide nichols died three days after a brutal beating by memphis police officers >>> letitia james has launched an investigation into allegations of discrimination and a hostile work environment at the national football league. this comes just over a year after the nfl was told to improve conditions for female employees. the league said the allegations were, quote, entirely inconsistent with its values and practices that it is fully cooperating with the attorney general. scott, i'll send it back to you. >> appreciate that seema mody, thank you very much. >>> our chart of the day it is paramount sinking after missing earnings on pace for the worst day ever jim lebenthal owns the stock goo

thank you for joining us. >> thank you, seema.ou for your time. >> thank you they have to be happy at the nyse to have another successful spinoff with good price action in a dearth of ipos. >>> up next, ai is here. we're learning not only is it here, but it can also be profitable look at nvidia and marvel technologies who could benefit in the near term and who will have to spend to keep up we'll discuss that on the other side of this break >>> ai may still be in a hype cycle but companies are booking revenue and making forecasts now because of it. deirdre bosa, the week ai got real this is one we'll remember. >> this may be the week we remember, everything suddenly got real especially here in technology it's been here for years it's changed the way we certificate. and choose movies but what investors care about the market saw its impact in the hundreds of millions and billions of dollars. nvidia, bank of america writes nvidia pulled forward the substance of the theme and raised the bar if your company is still randomly saying ai-o

i'm seema mody with your cnbc news update. group of chinese immigrants in florida suing the state over a new law that bans them from buying properties within ten miles of military installations and other critical infrastructure the law also impacts citizens of other countries, including syria, iran and russia, but chinese citizens, and those selling property to them, face the harshest penalties the suit says the law unfairly equates chinese people with the actions of their government. >>> emergency shelters have started to fill in guam as residents brace for typhoon mawar, a powerful storm that is expected to hit the territory on wednesday. president joe biden approving an emergency declaration ahead of the storm and the governor ordering people in low-lying areas to evacuate. >>> and what'sapp will allow users to edit messages but only for 15 minutes after they press send the popular chat app started to roll out this feature to people worldwide. it should be available to all users in the coming weeks. >>> that's seema mody. o

seema, hello and good time, especially for all the media viewers national tv is a news network that weow in the special news talk tonight, as we had in our dreams. this week , i want the road map of shalamcheh basra trailer with the signing of the memorandum of understanding between the authorities of the islamic republic of iran and the country of iraq finalized in the special news talk tonight. let's discuss and examine where this road map is located on the road, what will it be called , what are the advantages of this railway and what is the effect of this issue and its exploitation by focusing on various issues on mono, increasing transport relations and transfer between two countries and other issues in the field of transportation the transfer of the country is also discussed and will be discussed in the name of mr. mayad and the ceo of the country's railways in asia. with greetings and welcome, allahu rahman arsalan, at the service of your excellency and all the viewers of this program, let 's talk to you about shalamcheh railway map. what is the current state of the road, and it

joining us is the ceo, jason liberty, along with our very own seema mody welcome to both of you ja jasonsigns of weakness from the bank crisis and everything going on? >> first, thanks for having me today. greetings from oasis of the seas as we talked about this morning, we are not seeing any sign of weakness from our guests if anything, we've seen acceleration, not just in terms of demand, but also their willingness to pay. >> an analyst calling it a mic drop moment for the cruise industry you raised the profit outlook after reporting earnings this morning. you're trying to build your pipeline you have the icon coming ou out next year, one of the world's largest ships. is that harder to finance as credit conditions stay tight >> first off, whenever we enter a contract for a ship, we always have fully committed financing there's no issue with us in terms of getting access for financing for our ships. fortunately, we have methodically taken a lot of great action on our balance sheet, and we don't see any need in the immediate or near term to have to access the capital market we're generat

seema mody joins us at post 9 bringing us expedia ceo peter kern. >> let's get the full story with petereo of expedia welcome back. >> thanks for having me. appreciate it. >> i want to stand a bit more about what you are seeing in your vrbo home rental platform bank of america calls that business an underappreciated asset valued at $16 billion. on the call you did allude to some weakness you're seeing in that business. >> yeah, i think what we talked about, seema, was as trends are changing and people are getting back to more international travel and more big city travel, we've seen the inevitable change from these long vr stays we were seeing during covid to more of the city travel. something you and i talked about years ago of the return, would people be back in cities, et cetera, and it's happening naturally that will favor our hotel business, which is bigger in big cities. as opposed to our vr business, which is bigger in mountains, beaches, et cetera we have great vr content in cities and vrbo is doing great but it's seeing less of the growth we saw in the first quarter. and that gr

a major contributor to mental health problems affecting teens. >>> sara, back to you. >> thank you seemaff in las vegas with some big announcements for investors. dell technologies chairman and ceo michael dell joins us now in a cnbc exclusive michael, great to see you, thanks for making the time lot of big new partnerships you're out with today. microsoft, red hat i think i'm interested in nvidia because you're going to work with nvidia on a.i. for enterprise talk to us about what this looks like. >> yeah. absolutely great to be with you, sara you know, at the center of the a.i. boom is data. you can't have a.i. without data and you also need an incredible amount of processing power to deal with this data. so, we've been creating servers and infrastructure specifically for this a.i. boom and we announced a number of new innovations here at dell technologies world we've got more coming later on today. and look,i think this is an enormous unlock of the power of this data and, you know, i think it's the next big wave we're excited about it and certainly it requires enormous amounts of stor

see s seema, thank you so much. >>> in just two days title 42 runs out. texas mall shooting. this is iowa. we just haven't bebeen properly introduced. say hello to the place where rolling hills meets lolow bill. where ouour fields, inside and out, are always growing. and where the fun is just getting started. this is iowa. so, when are you coming to see us? ♪ this is going to be great. taking the shawl off. ok i did it. is he looking at my hairline? is plaque psoriasis making you rethink your everyday choices? otezla is a pill, not a cream or injection that can help people with plaque psoriasis achieve clearer skin. and no routine blood tests required. don't use otezla if you're allergic to it. serious allergic reactions can happen. otezla may cause severe diarrhea, nausea, or vomiting. some people taking otezla had depression, suicidal thoughts, or weight loss. upper respiratory tract infection and headache may occur. doctors have been prescribing otezla for over 8 years. don't hesitate. ask your doctor about otezla today. it's the mother's day sale with

seema moody is here with a special guest. >> thank you let's bring in the ceo, glenn fogel. >> hi.e. >> great to see you. we're starting to see cracks emerge across the travel world we had trip adviser and trivago talk about the consumer opting for lower cost destinations and shorter stays. i was on the earnings call you're not seeing that why do you think there is a differentiation? is that due to demographic differences? >> i don't think so. i did hear some of the comments you remarked on and we have not seen people shortening their stays at all, not seeing people going down for a lower star rated hotels it is different than some of the people you mentioned some of the companies you mentioned are what we call meta search companies where people are looking for prices and the best so maybe those people are, those particular people are looking for better prices but for us generally, we are not seeing that at all. >> the story is also different when we look at vacation rentals with expedia saying that business vrbo is under pressure where booking last night on your call you were sayi

our seema mody joins us at post 9 to talk about numbers. >> following years of mergers and acquisitions we're seeing companies mainly in industrial and health care space increasingly looking to spinoffs many have been successful. look at j&j which spun off, kenvu, and ge health care, which has been a standout, up about 40% since going public, outperforming ge and the benchmark. in fact, analysis from morgan stanley shows that spinoffs outperform the market on average by 10.2% two years after a listing while the parent companies see their stock prices drop on average by 8.1%. we continue to see new deals so far this year 73 global carveouts compared to the 78 we were at this time last year. that data according to iq. david governor telling us, we should expect more deals as tighter credit conditions reduce interest from private equity >> the slowdown in the ipo market coupled with a slowdown in more broadly the private equity landscape has led to strategic thinking about the art of the possible as they evaluate the mhs board, and increasingly corporate separations, so-called spinoffs int

. >>> let's get to seema mody. >> the gunman who killed eight people in a shooting at dallas area outletneo-nazi sympa sympathizer. symbols on his clothing and a preliminary review of what is believed to be the shooter's social media account reveals hundreds of posts that include radically or ethnically motivated violent extremist rhe rhetoric officials stress the investigation is ongoing. >>> closing arguments are under way in the civil rape and defamation trial against former ptd donald trump lawyers for e. jean carroll say she was, quote, exactly trump's type and pointed to the "access hollywood "tape as evidence of his behavior trump denied carroll's accusations, as his lawyers call carroll's claim, quote, an unbelievable work of fiction. >>> and disney is expanding its legal efforts against ron desantis after the florida governor signed legislation voting disney's development deals in orlando in an amended federal lawsuit, disney is accusing desantis of doubling down on his, quote, retribution campaign by continuing to target the company. >>> dom, back to you. >> thank you very much

joining us with more is seema mody. >> cautious optimism, and it's seen as a positive step in the right are still concerns about the passage of the bill before the june 5th deadline. parts of the bill, the irs fund something being reduced and it's money that had been allocated for wealthy americans, and then the energy sector as the current agreement expedites the approval of the projects, and with the new provision it would include fossil fuel and renewable projects, and there are a lot of antidotes that affect the business community, josÉ. >> i thank you so much for being with us. >>> now to continue our conversation, pennsylvania congressman, brendan boyle is the ranking member of the house budget committee. no deal is going to be 100% of what everybody wants, right? that's what compromise is all about. what do you make of the deal? >> i think you hit the nail on the head there, and for me, i have been a legislature for a decade and a half now, and as a legislature you tend to know intuitively where you stand on some votes, and there are a number of bills with a number of provisions

. >> do you know them off hand >> philippines japan is up there, as well a couple in asia >> seema, thankhe debt ceiling overhang on stocks is it time to t-bill and chill we'll discuss that on "the exchange" right after this conventional thinking delivers conventional results. at allspring, we break away with purpose. harnessing data-driven insights and boundless curiosity. we dissect the market from every angle. helping to build portfolios that redefine what's possible. because investing isn't one size fits all. allspring. purposefully divergent. >>> welcome back to "the exchange." stocks are in a tight range ahead of the white house meeting on the debt ceiling. my next guest says any downside volatility is an opportunity to pick up equity the short-term fixed income and money market accounts are a great place to hang out. joining me now is the ceo of destination wealth management. michael, good to see you again is that where you've been allocating capital, relatively speaking >> we've been raising money for cash, yeah as we rebalance portfolio strategies, we're looking to see where we s

shares have dropped to the lowest level in a year amid the latest controversy tied to lgbtq plus, seema mody joins me. my understanding is that over the last week or so, target has lost billions in market capitalization over this controversy, is it really that bad? >> reporter: you're exactly right. target has lost about $13 billion in market cap in the last ten days after being thrust into the spotlight for the controversial decision to remove lgbtq merchandise from the shelves, following backlash from customers, and confrontations between target employees and customers has gotten the attention of lawmakers as well, including conservative leaning republicans who have called out some of the targets designs, while california senator scott weiner says we need a strategy on how to deal with corporations experiencing this pressure to throw lgbtq people under the bus, and we have activists participating in the discussion calling for solutions on how to promote equality following the backlash. there's an activist in portland, oregon, hinting at a possible boycott. >> thank you so much, we app

. >>> to seema mody for a cnbc news update. >> here is a news update at this hour we'll start in floridaincreased a budget for the office of election crimes and security the office championed by governor ron desantis was created as part of the state's ongoing election integrity efforts. democrats have criticized the office, most notably in august when it arrested 20 people on charges of being ineligible to vote after they cast ballots in the 2020 election. >>> the food and drug administration will review the first ever request to make a birth control pill available without a prescription next week if the request is approved, the medication will become the first contraceptive pill to be moved on to store shelves. the fda raised several concerns in an initial review to date. >>> and king charles met with commonwealth leaders at the headquarters of the commonwealth secretary today, according to a statement, he also met with the leaders individually to discuss issues including the empowerment of young people. this comes ahead of the king's coronation tomorrow. kelly and tyler, will you be ge

effectively to align and harness what they call the 21st century industrial base so we were so pleased to seemay were recently realigned as a report. our vision was not only to elevate it. we didn't want to just move it square but we had the vision for an extended role that's complementary. they do a tremendous job of contending with industrial policies and so proficient at harnessing the traditionalat industrial base. wese thought they were playing a role in filling the gap in the organization that could more dedicate itself to better aligning so in that role we see it not only towards the novel capabilities but leveraging but whatall of the industrial base e to offer whether it's due diligence, market intelligence, tech landscape analysis.a it's not meant to engage with potential vendors but private equity firms, venture capital firms, other transaction consortiums. and we also want the di you to be adequately resourced to not only collect that intel but sort of pushing it down in the department making it accessible through regular engagement the combatant command and conversely taking thel c

. >>> i'm seema moody. here's your news update.ng to gather to honor the victims of saturday's mass shooting authorities have not disclosed a motive for why the 33-year-old gamm killed eight and injured seven others at an outlet mall saturday's shooting was the second deadliest mass shooting this year. >>> a jury in new york federal court is set to hear closing arguments from lawyers representing donald trump and writer e. jean carroll later today. carroll is accusing the former president of raping her and defaming her trump did not testify in the case. >>> and french president emmanuel macron commemorating the 78th anniversary of the allied victory over germany and rekindled the flame at the tomb of the unknown soldier in paris, victory in europe day marks the end of the war in europe in 1945 although fighting against japan continued in asia until august david, back to you. >> thank you. >>> we're just over an hour into trading. check in with bob pisani and see what has caught his attention so far. >> what caught my attention, it'

tour the city, a chance to see its recovery and resilience after the war and even a taste of here seema'sme now, at least one person was killed during a workplace shooting in ohio last night officials say a gunman walked into a diesel engine plant outside dayton. he fatally shot one victim and then apparently wounded himself. he was taken to the hospital along with another person that was hurt police believe it was a targeted attack the plant is a subsidiary of general motors. >>> there was a security scare last night in vatican city where a speeding car rushed passed the main gate and into a palace courtyard. officials say a member of the vatican security force fired one shot at the car's front tires. the driver, who was said to have severe psychiatric issues, ran from the car but was quickly taken into custody it is not clear if pope francis was anywhere near the incident. or if anyone was hurt. >>> inflation remains stubborn with prices 5% higher than they were a year ago. but they are coming down, and there may be some relief in sight for consumers that have been stretching their groc