seema, what are you seeing our seema mody probably trying to get some sound from some executives we'reng for some of the different executives that may be leaving. we saw tim cook sitting a few receipts away from the indian prime minister and microsoft ceo satya nadella. we'll go back to seema if she has sound with one of the executives or sees something else going on.sorry to cut you f >> does it mean the market can digest the gains we've had in june by going sideways, having this rotation, or, rotation. or are we using up the buying power? seems to me there's not really a fat pitch either for the bulls or the bears necessarily coming into the year, you could have said, nobody expects a soft landing. everybody thinks it's going to be a weak first half that's paid off. at this point, feels like a little more of an even trade >> can we trust some of the down side action we're seeing in the market we have juneteenth on monday, fourth of july on tuesday. i'm looking at the volumes i'm using the spy and qqqs as a proxy. down 15% from its value. >> we're in a lull we're coming off a fed meet

our seema mody is at the white house with more. good morning, seema. >> good morning, carl. prime minister and the president are using this leading to solidify their shared interest in countering china with a flurry of tech and defense deals. micron and applied materials both announcing plans to set up new chip factories in india. the timing of the prime minister modi's visit as tensions with china still high, and while india may hold enormous potential, u.s. executives we've spoken to said the country's recent actions to increase data oversight is slowing tech companies' expansion plans that is expected to come up in google ceo, microsoft ceo, among others, meeting modi tonight and at the ceo roundtable. india's market is nearing all-time highs we've seen consistent etf inflows over the last few weeks where we've seen outflows in china. ray dalio said he remains bullish. >> you have a reformer, a radical reformer, who has the ability to transform and the popularity to transform it >> $98 million emerging market, known for taking that long bet on adoni said he has increased

hi, seema. >> scott, solar stocks are getting a boost as b. riley upgrades several names including enphase with a $214 price tag. citing more favorable value weigh. analysts also reiterating a buy on solar edge. take a look at nvidia, also higher as capital markets upgrades the stock to outperform from neutral analysts saying the company's commanding position in ai will be difficult for rivals to replicate in the near term seeing shares up over 3% at this hour >> thank you apple hitting that key $3 trillion market cap once again now on track to close above that milestone for the very first time gene munster of deep water asset management sees a clear path to 4 trillion joining me now along with mike santoli. gene's on the phone for us gene, we're going to close it looks like above three how are we going to get to four? count our chickens already, aren't we? >> well, we're looking at what the path ahead is and i think there are two things going on. the apple investment case changes about every decade and the last decade, it was about services w

. >>> get now to seema mody for a cnbc news update hi, seema. >> hello, tyler.irman james comber is taking the first steps to hold fbi director christopher way in contempt. he released a resolution today which takes issue with the fbi's refusal to hand over a document that allegedly describes joe biden accepting a bribe as vice president. the fbi says it cannot release the document because it is bound by justice department policy >>> pro wrestling legend the iron sheikh has died at amping 21 he rose to prominence in the 1980s when tensions between the united states and iran reached a boiling point during the tehran hostage crisis his team shared the news on twitter but did not give any details of how he died. >>> soccer star lionel messi is reportedly set to join the mls the argentinian legend is joining inter miami after his exit from paris saint-germain. it includes a collaboration from brands of adidas and apple, something had a we're watching closely. >> thanks very much, seema seema mody. >>> ahead on plufrp, liv golf becoming a live wire the backlash over

equipment and wean off of russia. >> seema, thanks danielle, let's talk about tech and india.ndia has passed china as the world's most populous country. it needs big companies to invest there and grow the middle class. is there a long-term investor play here? >> yes there's a great long-term investor play here when you look at india, there's so much potential. look at microsoft, google, amd, these are the perfect companies to be there. they've been incredibly strong this year, specifically when you look at this quarter and compare last quarter microsoft had an incredible breakaway gap post-earnings. it was up 7.7% this is bullish going into july. typically the last week of june is a little soft in the stock market into july this is an incredibly bullish time i'm looking at google, amd and microsoft to trade higher. >> danielle, stick with us >>> starbucks stores across the country organizing a strike over claims by the union representing the baristas that the company is not allowed to display pride month decor. >> reporter: after a public clashing, starbucks workers united say

seema mody on the industrial companies benefiting from the ai gold rush.in charge as we try to push past 4,300 for the first time since last august. >> there's a phenomenon where belief has started to encroach on skepticism. until two months ago we were weighted down about this market. people bought a lot of short-dated recession options. a lot of those expired, worthless for the time being the market just wouldn't quit. therefore, the resilience of the market itself i think has dragged people's attitudes into, hey, maybe this is the real thing, maybe the landing can be soft and the fed is our friend and not our enemy. all that makes sense i think we've lost a little bit of the tail winds of having that skepticism, that reservoir of doubt that sometimes can make prices go higher which means something else would have to take over. i think a further embrace of risk in the credit markets, in small caps, in cyclicals, it can reenforce where we are in the market i am encouraged by the manner in which we've gotten to 4,300 relative to august in august it took th

. >> seema, have the cruise lines had as much pricing power as the hotels and airlines and everybody benefitting from the travel wave >> the cruise lines recently have had pricing power, sara, in the last three to four months. you've seen ticket prices and the cost of experiences on board move higher, but they were the last ones to gain pricing power. what they had to do following the pandemic, they had to cut prices to get people back on board. now that interest is back, they're starting to raise prices >> got it. seema mody on carnival we're going to talk to josh weinstein about what they're seeing with they're putting out numbers like more than 100% occupancy and how much demand they see in the pipeline in a changing macro environment >> and what decisions do they make on capacity in the long-term? >>> the opening bell coming up in about six minutes don't go away. - today, 9 million kids in america are considered food insecure, meaning there may not be a lot of dinner at the dinner table. help change a kid's life. support your local food bank. the more you know. you know doug, eve

. >>> let's get a check on some top stocks to walk seema mody is here with that hi, seema. >> looet'srt with adobe hitting its highest levels since 2022 the stocks are overweight and hikes are priced to over $525 a share. adobe is well positioned to benefit from early enterprise adoption of generative ai. else elsewhere, charge point and evgo follow ford's foot steps in adopting tesla's supercharger stations tesla shares are doubled this year and are tracking for an 11-day winning streak. look at 3m, a judge rejecting the efrtsforts to overturn. the company could minimize its legal liabilities. 3m saying it is considering an appeal, stock down about 1.2% in today's trade, down about 17% year to date, scott. >> seema, thank you very much. >>> up next, time to bid on buys steve albright is back, and he's breaking down his forecast for the fed where he sees opportunity as well. >>> plus, target is tumbling again today. it's not all gloom and doom for the retail space we'll give you the details when "closing bell" comes right back. municipal bonds don't usually get the media coverage the

that could be potentially a winning point for biden as well. >> seema mody, thank you >>> even intel is higher today and the shares are still down 13% in total over the past 52 weeks. my next guest says the stock may be bottoming great to see you, stacy. welcome back. >> good to be here, back. >> intel bottoming tell me more >> yeah, there's like the tactical and the structural. on the tactical front, i am of the belief that for the first time in a while, numbers into the back half could potentially be too low than, we upgraded the stock a couple months ago. i more on normalization. they were overshipping demand, now undershipping, and that feels better they qualitative did some conferences a couple weeks ago, i would also say for intel in the near term, it gets easier to argue it's as being as they could get. they got people excited that gross margin will be back. but they have a lot of wood to chop they did an event yesterday, where they were talking about their move to make it more transparent internally and externally, what it costs to actually manufacture the wafers, and help th

. >> seema, a lot of opportunities here i have been following your reporting. and issues dealing with the government at the federal level and local level. is there any discussion? >> reporter: a great point. the indian government has been weighing a bill over data and privacy. that is ruffling the feathers o microsoft and meta if that bill does pass, it could make u.s. companies and ability to expand in india an uphill battle that will be one agenda item when the tech ceos meet modi >> seema mody, live in d.c thank you. >>> time for the results of the cnbc technology survey it is about a.i. we begin with half of the members saying a.i. will be the top spending area for the company over the next 12 months with cloud computing and internet of things in the top three as the a.i. boom continues to dominate the conversation in tech this first half survey was conducted between may 20th and 30th the s&p rose 12% during that time the fed signalled two more possible hikes in the future of the survey 58% said a.i. was critically important, but the answer was second to cl

seema mody what was on the menu, seema? do you know how many courses did you see a menu >> reporter: i was reading three or four courses. a vegetarian forward meal. modi is a vegetarian there is a new grain called millet it was featured on the menu along with other fancy vegetarian dishes. not indian food. i was surprised by that. it seemed like a nice meal 400 guests, including the big ceos, that we bring on cnbc. >> yup as you said, glitzy. that's the word you can use. seema, thank you >>> six lanes of i-95 will reopen today at noon it comes less than two weeks after the tanker truck explosion caused the section of the highway to collapse. construction on the temporary lanes was aid ed by nascar's poconos jet dryer to expedite line painting and one of our future guests this morning, governor josh shapiro praised the repair crews for reopening the lanes ahead of schedule. 8:40 a.m. eastern is when the governor will join us. that's so nice >> they talked about this section of 95 collapsing -- the one side collapsed and the

we have the headlines right now from seema modi. >> hello.wo people dead and five other shot of a high school graduation ceremony in richmond, virginia tuesday. the gunfire started as hundreds of people were leaving the building where the graduation was held. police arresting a 19-year-old suspect and saying he will be charged with two counts of second-degree murder. >>> the names suspect in natalee holloway's unsolved disappearance was transferred to a new prison facility in peru today to wait extradition to the united states. jordan van der sloot will be handed over to interpol thursday to face federal extortion and wire fraud charges in alabama for allegedly trying to take money from natalee holloway's family in exchange for leading them to her body. >>> the volcano on hawaii's big island erupted this morning for the second time since the beginning. kilauea is one of the world 's most accurate -- active volcanoes. no indication any populated areas are threatened. scott, we will send it back to you. >> thank you very much, seema modi. nexte

technology executives at the white house this hour, let's get over the seema mody with the story forosoft and chat a.i., sam altman and others are inside the white house right now with prime minister modi along with jake sullivan, including strengthen supply chains, distancing their operations from china, improving infrastructure, and incentivizing india to work with the u.s. on artificial intelligence, no doubt a priority for sam altman, and google's -- expansion is part of the discussion as well general catalyst -- telling us before entering this meeting that he's hoping to use the round table to align on technology transfer rules with india, adding, quote, we are in a digital cold war with china and this approach will ultimately foster an atmosphere of increased cooperation so, hopes are high, we'll have to see what type of solutions they also offer, when it comes to some of the challenges these companies are facing on the ground, david. >> yeah, of course an important market for them as well. think apple for example, and manufacturing, and all the iphones they hope to sell in ind

always room for improvement, but pretty good. >> finally, seema covers the space, raised the issue of. and i wonder what you think of some of the new entrants and the fact that you yourself have so many brands, nine brands, and there are obviously competitors you've dealt with for a long time and whether that is cutting into the business at all >> no, i don't see it at all, actually you know, the fact is when folks from different segments of the travel industry want to get into cruising, that is fantastic. it's a stamp of approval for cruising, which is a remarkable holiday experience and the fact is, cruising is still -- about 3% of the overall vacation spend in the globe is with cruise. so, there is a big market of which cruise is a very, very small piece. we welcome anyone who wants to try to stack up against us and we feel good about our next few years. >> why is the stock down 11% what are you hearing from investors? just because it had a strong run up >> i think when you head into earnings up 100% versus the start of the year, you know, people are feeling like they want to take

. >>> let's get to seema mody for the cnbc news update. >> good afternoon, jon donald trump's legal teamill square off with new york prosecutors this afternoon over the venue for his hush money trial. the former president's lawyers argued in a court filing today that the case should be moved to federal court because their client was in the oval office when trump allegedly sent hush money to stormy daniels. manhattan district attorney says trump was charged in state court because he broke state law >>> canadian wild fires which delivered dangerous levels of smoke to the eastern united states earlier this month have reached a record high for carbon admissions a canadian monitoring service reported today the fires have released 160 million tons of carbon into the air. that is the highest level since monitoring even began in 2003. the smog -- the smoke excuse me is now reaching europe >>> and the highly-anticipated barley movie comes out next month. airbnb is reopening malibu ocean front mansion to promote its release. the dream house equipped with massive pool, barbie and ken ready wardrobe

. >>> with china's economy in flux, some companies like ge are turning to india let's get to seema with details. >> general lelectric is in final talks to co-manufacture military jet engines in india this follows defense secretary austin's trip there. why this matters, it comes ahead of prime minister modi's state visit to d.c. on june 22 experts say a deal of this stature that requires the key transfer of technology to the indians would symbolize the u.s.' commitment to the country at a time when tensions with china continue to rise congressional approval, though, will be needed i spoke to general electric's ceo following the sale of 800 engines to air india in april. he said they're seeing activity pick up on the ground. and it comes as the country has been drawing more interest from corporate giants beyond ge names like google, amazon, and apple. kelly? >> seema, thank you. >>> ge is not the only one bullish on india the oorgization for economic development predicts india's growth will outpace all other major economies this year and next year, even beating out china. the organization

. >>> getting a news alert on elon musk and tesla's possible ambitions in india seema mody has more ons scheduled to meet india's prime minister modi today in new york city, according to two sources the goal is to discuss the electric vehicle makers' presence in the current, setting up battery production, that's what we've been told tesla, we have reached out to the company for comment. musk will be the first ceo to immediate modi during his visit to the u.s., but not the first executive of a visit to the white house, which begins on w microsoft, google, and other ceos will be in attendance >> all right, musk has been doing a lot of meeting of world leaders lately seema, thank you >>> wall street sees another rate hike over the next month from the fed, but the fed indicates that two more potential rises are on the horizon. it showed that in its forecast or dot plot. the next guest says the base case is a second rate will be dropped. joining us is christian. they're going to get away with one more in july and that's it, is that your expectation >> i think what the fed signaled is, one h

that's seema mody. jason snipe, it's been a really rough stretch for target, to say the least. >> it has been. >> i think it was down again yesterday, which was ten it's down again now. it's still in the red. 11 down days in a row. you finally had enough you sold the stock. >> for me, if i think about retail broadly and this shift from discretionary to more of the staple oriented items, obviously target is a discretionary name and so that was a problem for me i'm also thinking about what's the catalyst going forward we always strexpress a view, an for me i don't see a catalyst going forward. i saw deceleration in the ebitda, as well as free cash flow. >> down 17% in just a month. for a stock you used to own. >> yeah, i used to own it. it's kind of surprising, actually i would think -- i don't want to say the bloom is off the rose. i still think he's a great ceo, but there were a number of missteps, and the market, particularly when you're seeing strength of the consumer, except for isolated incidents li

​​the holy quran, and demanded that the supporters act in the manner known by sada news agency and seemaslam and the muslims, haj ali akbari, the preacher of friday prayers in tehran, was also held in friday prayer sermons in imam khomeini's mosque, with the permission of the swedish government to desecrate the holy quran. 2 billion muslims around the world at the same time as eid al-adha, what name can be given to it? i wish it would be called freedom of speech , you don't have the courage to say that you don't respect human beings, you don't respect the dignity of billions of people on this earth. they live. you don't believe in the value of ideas. say, say you attacked the idea of ​​freedom, thief of thought, why do you defend your freedom of expression? this dirty and ugly face of yours is an insult to the holy qur'an with the permission of the swedish government. some islamic countries have summoned the swiss ambassador or their ambassadors from stockholm. france, in some countries of the world, people have condemned the action of the swedish government in support of insulting the h

amen, according to the current regulations, and we will pay the facilities, sedah news agency and seema, thank you have a good time and god bless you. according to the report of the center for disease control and prevention, it can be considered a warning in a few hours. if you check the suicide rate among people aged 10 to 24 years , we will notice an increasing trend from 2007 onwards. the year 1968 has reached its highest level, and we are witnessing an alarming trend in the rate of heart and crime , so that after the spread of the corona epidemic , it has increased by more than 30%, and we can see this trend in children and teenagers in other age groups as well. something that according to health and hygiene experts the general public is very alarming if we turn these numbers into reality, every year in america in this age group, i.e. between 10 and 24 years, 7 thousand people commit suicide and 7 thousand people are killed by other hands, and the number of murders has increased since 1997. souq is considered the highest rate that suicide has increased three times between 2007 and 2

seema mody is joining us from cnbc. i think that this is apple's biggest new product in a decade. is it being received? >> you're right, it is an expensive headset starting at $3500, that incorporates all sorts of virtualapps, a 3d camera. tim cook took the stage yesterday saying the product is a defining moment for the company. >> so in the same way that mac introduced us to personal computing and iphone introduced us to mobile computing, apple vision pro will introduce us to spacial computing. this marks the beginning of a journey that will bring a new dimension to powerful personal technology. >> as to how it is being received, experts say it is too soon to distinguish whether this will get the love of not just tech enthusiasts but if it will attract a mainstream audience. price point definitely high. wall street was anticipaing it to be much lower. and apple stock hit an all-time high and then started to move lower once the price was revealed. but even with the apple watch that came out in 2014, it was seen as really expensive and it no doubt has been a big win for the company

thank you and seema customs of zahedan. thank you and goodbye. greetings again to you, dear viewers of khabar channel. yesterday , during the hottest hours of the day, the temperature in bandar abbas reached 42 degrees above zero. shahrekord as described above it reached zero and it was the coolest center of the province. at present, in the eastern half of the country, the coverage of the decision methods to the sky has been held in these areas. a slight sky has been held in the northwestern part of the country, the southern coast and parts of the center of the poet decision in other parts of the country to monitor the rains today in the northwestern part for the provinces of west azarbaijan, east azarbaijan, ardabil province, the southern shores of the caspian sea, the southern slopes of alborz, and also in the southern parts of the country for the highlands of kerman province, parts of fars hormozgan province and the southern parts of sistan province. and baluchistan conditions we are in the eastern part of ardabil province, also the southern c

with us now to talk more about this is cnbc's seema mody. great seeing you.t are some of the other takeaways from this report? >> well, jose, it is a jobs market that refuses to slow down despite attempts by the federal reserve to cool inflation and the broader economy. if you look through this report, the job gains were also diversified in the month of may across a variety of industries, including healthcare, engineering, construction adding 25,000. and, look, the average hourly earnings number also significant, climbing 4.3%, but it is lower than what economists were expecting. so that, of course, brings us to the big question as to what the federal reserve will do next in its upcoming meeting in two weeks, jose, if the central bank looks at this data and decides to hike again, it would be the tenth consecutive rate hike and the market today, so suggesting we could potentially be headed in that direction, although other economists wager that the fed will pause in june and then raise rates again in july. maybe break, if you will, to allow the central bank to

. >> seema, thank you.ill bullish on lulu. >> we own it there's a spillover effect from nike and foot locker there has to be something that reignites the bullish momentum >> there's an interesting spot right here the last earnings report on march 28th, big guidance, it gapped huge from 320 if you looked at the disconnect versus where it closed and where it opened, here we are giving most of it back. >> all right good point by the way, don't miss lululemon's ceo on "squawk on the street" tomorrow all right. two-minute warning we just got it as we wind down to the close here. interesting trading day that we've had. first trading day of june. what do you make of it >> to actually hold these highs at a new year to date high going into the jobs report which says the fed officials speaking in the last couple thdays have drained suss spence out of the job reports. they're looking towards skipping which means they're not set to completely undercut the employment market before they're done raising rates it suggests

we go to the white house >> hi, seema >> you hi, becky we are expecting announcements on defense andgines in the country, it's one of few countries that ge is agreeing to share this type of knowledge with and therefore will require con congressional approval he met with modi to security the deal and they are nearing a deal to buy high grade zones following border disputes with china and would help reduce reliance on russia for defense equipment, which has been a key concern for the state department here a number of tech deals are expected to be announced, including a new partnership with google on artificial intelligence a $2.7 billion chips factory with micron and efforts to collaborate on space exploration. tonight is where we're expecting an extravagant affair, the who's who of corporate america will dine with modi and fedex and marriott ceos. they all have vested interests in seeing india grow we're told some leaders will share concern they have about india's infrastructure, the lack of skilled labor and a new data collection bill that would make it hard for tech companies to exp

. >> seema, thank you very much.>>> now over to christina, who is here with a cnbc news update. >> the supreme court is taking up a case that weighs what people accused of domestic violence should have access to firearms the justices will consider a biden administration appeal that prohibits people subject to domestic violence restraining orders from processing and possessing guns. argument also come in the next term, by begins in october >>> the supreme court in indiana ruled the state's near total abortion ban does not violate the state's constitution the law bans almost all abortions except in special cases, which includes when the mother's life is in jeopardy >>> mark walters set plans in motion by creating a new woman's hockey league. his wife, and tennis legend billy jean king will help run the league competition will begin as early as january >> thank you very much >>> coming up, housing spokes on pace for their best month in a year whether you're a buyer, seller or investor, there is a growing divide in the h

google are expected to attend the dinner as well tech business roundtable in washington on friday seema mody is live at the white house. >> reporter: president biden and prime might be ster modi speaking in the east room. biden himself saying the relationship between the united states and indy ya has never been stronger, both leaders also touting the significant deals in the sptech space modi talking about the significant investments from micron announced they'll be investing in new chip factories in india specifically in the home state of modi. a clear sign or reflection of how these executives are doing what they can to appease the leader as they look to diversify away from china. at the same time we do have that state dinner tonight, where it's the who's who of corporate ceos. i'm told then many of these leaders will join modi tomorrow at the tech roundtable they'll discuss the opportunity but the challenges they're facing in expanding into the country that will increase government oversight something that these tech companies don't want or make it an uphill battle for them to expand

seema mody smoke to jason liberty about that and she joins me now >> as you know, the millennials noaby boomer customer now that's increasingly booking trips and opting for more expensive cruises as well. >> on the luxury side, it's more the baby boomers are coming in also gen-x ers, and then the millennials combined with the gen-x are feeding multi generational travel. the baby boomer is also bringing in more of that multi generational travel as the grandparents are looking to travel with kids and grandkids >> liberty adds the older demographic is valuable, they pay for the higher value cruise and tend to bring family and friends with them. royal says its offerings are still 40% cheaper than hotel vacations from 2019 levels one reason investors still continue to bid up cruise stocks, royal up 26% in the last three months versus marriott up 2%, royal is opting for biofuels as a way to reduce exposure to the volatility in oil prices investors will pivot their focus to carnival which will report earnings this month. >> i'm surprised the hotels have not done better. is marriott indicati

seema moody joins us now it's a story you've been following for some time. >> 3m was set to go to trialit nears a possible settlement for one set of lawsuits over water contamination. that does not include a growing number of states who have also sued 3m and others it's one why analyst says 3m specifically faces great risk. >> at this stage given valuation and what we know about the pfas litigation, we consider 3m to be uninvestable. >> reporter: dean dray says 3m is facing a potential 20 to $25 billion in liabilities tied to forever chemicals. maine recently joining a list of other states suing several manufactures. >> we're alleging that 3m and dupont created these chemicals, had the science that showed just how dangerous they were, how toxic they were, how they were going to last forever. >> reporter: chemicals that made their way into this high school just outside of bangor, maine, where the water is undrinkable due to high levels of pfas students being asked to drink bottled water. >> we're not fully understanding of why it is in our water and it is at the level we're at. >> report

thanks very much >>> time now for a news update seema mody has that for us >> here's the update at thisy says he still have confidence in the pga commissioner following yesterday's shocking merger with liv. he says he still hates liv but that a merger will be good for the game of golf >> from where we were a couple of weeks ago to where we are today, i think the future of the pga tour looks brighter, as a whole, as an entity. >> florida governor ron desanta will make his first tip to the u.s. southern border as a presidential candidate today he will meet law enforcement officials during a visit in arizona and it comes after desantis sent more than 1,100 florida national guard members to texas last month to help the texas governor with a border initiative there >>> and a senior ukrainian official is warning the floodwaters from yesterday's dam collapse could disturb and explode land mines and spread infectious diseases. tens of thousands of people downstream from the dam have been evacuated to higher ground. ukraine is blaming russia for its destruction, but russia claims ukrainian artil

i'm seema moody with your cnbc news update. the debris from the tourist submarine that coast guard says imploded on a mission to explore the wreckage of the "titanic" is back on land pieces of the mangled craft could be seen wrapped in a white tarp as crews unloaded the debris a canadian ship the recovery nearly a week after authorities say a remotely operated vehicles detected remnants of the sub about 1600 feet from the bow of the sunken "titanic." >>> the u.s. marine veteran accused of killing a fellow subway rider leaded not guilty in court today daniel penny facing charges of second-degree manslaughter and criminally negligent homicide in the death of jordan nili witnesses say neeley was shouting and begging for money when penny pinned him to the floor and held him in a choke hold with the help of two other passengers >>> kevin spacey's uk trial on a dozen sexual assault charges began today in london. four men accuse spacey of assault over a 14-year period dating back to 2001. spacey, who said an acquittal in this case cou

>> seema, thank you. don't miss an interview with calvin mcdonald tomorrow on "squawk. >> would you like me to address the growth of women's bottoms? >> better you than me. >> yeah, right, right. i like lululemon, i haven't been in it for awhile i thought they weren't going to have a stellar quarter, so, i blew it. i missed this one, but i actually think it's a little bit more expensive now, up here, you know, $30, i don't know where it is right this second i -- i really thought we would see more pressure, but they've done a tremendous job, again, i mean, raising guidance when you don't have to right now, right it's kind of easy to just not do it, so, they must feel very confident, so -- good for them i might have missed this one yet again. too expensive. >> is this really going to get away from you? the way i look at it is, i t think -- as great -- they're very much like nike. they have pricing power, look at that operating margin, 20% they are holding china's growth. they are getting different segments,

>> thank you, seema.hares up almost 5% in response. >>> well, buzz kill now on spirit aerosystems sharing dropping 9% for the stock's worst day since the start of may the company halting production at its watch that, kansas, factory, following an announcement that employees will strike starting saturday our phil lebeau is here with the latest hi, phil >> courtney, you gave the headlines there, which is essentially that spirit aerosystems has halted production ahead of the contract with the international association of machinists. their contract expiring friday night. a strike is expected on saturday and that's why the stock was down more than 9% today. this is critical to bowing and i want to look at sharing of boeing it wasn't down -- i think 3.5% today. the reason why is because people are going to say, well, if spirit halts 737 max fuselage production as well as production of other fuselages, what kind of impact does this have on boeing? at this point, boeing is not changing its production schedule it

my colleague, seema mody caught up with tim cook outside the white house earlier today.ver there, and we'll see, i think it's a huge opportunity. >> reporter: did modi seem receptive? >> that one i'm not going to comment on. >> other multinational companies with exposure to india like marriott and commons sent their ceos as well, and several commercial deals spanning the two countries also took place, general electric announced that it plans to coproduce military jet engines in india with hindu stand, aeronautics, just to name one of those big deals announced as part of this summit. chris. >> leslie picker, thank you so much. >>> and before we go, we got to talk about last night, hopes and dreams fulfilled at the 2023 nba draft. we don't do a lot of sports on this show, but i got to talk about 7'4", french phenom victor wembanyama, he's going to debut next season. stephanie gosk is here. i'm a cavaliers fan. i follow it a little bit, especially when we win the championship. this guy, i can't stop watching him. >> you said 7'5", right, there's a little bit of dispute. >>

. >> that was seema modi at the white house moments ago. apple ceo tim cook saying he sees a big opportunity in india. apple opened its first retail store in india earlier this year that's going to do it for "halftime. "the exchange" starts right now. >> frank, thank you. and hello everyone i'm deirdre boza, in for kelly evans. here is what is ahead. a lazy bull market with plenty of dips. that is how one of our guests describes the market >>> and florida is about to ban some foreign citizens from buying property in the state billionaire real estate investigator don people says it will have a big impact on the state's real estate market >>> and the crazy cruise rally, some stocks up 100%, doubling this year. and one of our guests says there's still room to run. he makes his case and brings us his top pick >>> we begin with today's markets. bob pisani we are looking at the end of multiweek streaks if this current action holds >> we hit a 52-week high on the s&p 500 last week, and we're off of that, but not by much we were, oh, 4425 a week ag

shadow business minister seema malhotra eave— business minister seema malhotra save me— business ministerlesden magistrates court haher— at willesden magistrates court haher her— at willesden magistrates court haher her hhe — at willesden magistrates court later for the retail sector did eurpnehnohv— later for the retail sector did surprisingly well last month heephe— surprisingly well last month despite growth— surprisingly well last month despite growth still being slow. haha— despite growth still being slow. haha hem — despite growth still being slow. data from the— despite growth still being slow. data from the office for hahenah— data from the office for national statistics shows retail eahee— national statistics shows retail eahee hv— national statistics shows retail sales rose by nought point 3% in mav- — sales rose by nought point 3% in mav- hhah-e— sales rose by nought point 3% in may. that's better— sales rose by nought point 3% in may. that's better than the 0.2% expeeheh— may. that's better than the 0.2% expeeheh anh— may. that's better than the 0.2% expected and it's— may. th

because he was not prosecuting corruption, including against paris seema. should take the word of the trump department of justice. which received this information in this document that chairman comer and ranking member raskin looked at. they evaluated it and determined that it did not warrant further investigations. so this is just an effort for the house republicans to rehash debunked allegations and launder them through an official committee of the congress in order to hurt joe biden and help republican nominee for president. >> we know the trump justice department did look into this. it is there any chance democrats can convince republicans if this makes it through the panel to vote against this? >> well it is a very dangerous precedent. we have five republican members of congress in the last congress defined congressional subpoenas by simply not showing up. donald trump said that when he was president he would defy all subpoenas and during the impeachment investigation we got no documents from our subpoenas to the state department. so if they are not go

>> seema, they were kicking things off with yoga at the u.n., which i thought was the brilliant way totart the day that's the way we should do it every day. >> looft people don't know yoga actually originated from india and modi is take charge of doing that he does it every morning at 8:00 a.m. he'll be leading with 2,000 people at the u.n then he'll go to dc where he'll have a meeting with president biden and the first lady followed by tomorrow a state dinner, whether there will be a number of ceos who will be p joining him for that dinner. >> all of them very important in china as well when you see elon musk, when you see tim cook, and i think that kind of sets up -- we were talking about the tensions between the united states and china trying to firm up ties with the other major, major country in the region with major population and a huge place that a lot of businesses have set their sights. >> that seems to be the narrative. as much as they want to prioritize, the need to diversify and find other ways to manufacture is clearly something that's clearly top brow and why so many of t

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seema malhotra mp thank you. she is seema malhotra mp thank you. on in that plan. i see.— kind of. oh, you're early on in that plan. i see. i— “r: oh, you're early on in that plan. i see. i understood. ttght— that plan. i see. i understood. ttght. otaw— that plan. i see. i understood. ttght. otaw eo— that plan. i see. i understood. right. okay so you're at school in right. okay so you're at school ha the— right. okay so you're at school ha the ht— right. okay so you're at school ha the ht att— right. okay so you're at school in the uk and you— right. okay so you're at school in the uk and you were at school in the uk and you were at school ha the— in the uk and you were at school ha the ht— in the uk and you were at school ha the ht whet— in the uk and you were at school in the uk when war— in the uk and you were at school in the uk when war broke out at art— in the uk when war broke out at art wour— in the uk when war broke out at amt wour um— in the uk when war broke out at and your mum must have been heretthtw— and your mum must have been incred

. >>> welcome back to "squawk on the street" on seema mody with your cnbc update smoke from canadiannd third worst cities for air pollution in the world this morning government officials are urging people to limit exposure by staying inside particularly vulnerable populations like the elderly and children >>> the chairman and ceo of cnn is out after a brief but rocky year on the job. chris licht took the reins in february of 2022, the news comes after the release of a lengthy profile on licht in the atlantic >>> the vatican said pope francis was admitted to a hospital in rome for intestinal surgery today coming a dpu months after he was treated for acute bronchitis the 86-year-old is expected to remain hospitalized for a few days as he recovers there surgery. back to you. >>> thank you. >>> checking in on stocks about an hour here into trading. looks like the dow is holding gains but we faded on the s&p and nasdaq we're seeing strength, energy up 2% as a sector today materials doing well, industrials up half a percent. weakness in consumer staples and tech is now weaker our next gues

well, that's all to seema metrono— this? well, that's all to seema malhotra, who's— this?those issues include high street edery wide— those issues include high street safety with more— those issues include high street safety with more police that we rreed — safety with more police that we rreed ro — safety with more police that we need to see back— safety with more police that we need to see back on our streets , need to see back on our streets : derr— need to see back on our streets : drerr we— need to see back on our streets ,pgg. we wore-r— need to see back on our streets , then we won't see— need to see back on our streets , then we won't see people downg— , then we won't see people rrdwrrg dre— , then we won't see people having the confidence to shop as ddrrge— having the confidence to shop as drdrrge improve— having the confidence to shop as drdrrge drrprowe :— having the confidence to shop as things improve , we— having the confidence to shop as things improve , we won't see things improve, we won't see woye— things improve, we won't see wdye dr— things improve, we

shadow business minister seema malhotra says the conservatives have made the uk's economy more vulnerablehaos at the — what we've seen with the chaos of the conservatives infighting and the— of the conservatives infighting and the steady— of the conservatives infighting and the steady decline of our eaharhy— and the steady decline of our economy over 13— and the steady decline of our economy over 13 years, is that we've reduced— economy over 13 years, is that we've reduced our— economy over 13 years, is that we've reduced our resilience and that— we've reduced our resilience and that he— we've reduced our resilience and that he harr— we've reduced our resilience and that is now impacting the tarhthee— that is now impacting the families, families across the country,— families, families across the country, aar— families, families across the country, our businesses across the— country, our businesses across the country. — country, our businesses across the country. the— country, our businesses across the country. and it's seeing hrhah— the country. and it's seeing hrttah ht— the country. and