seema mody today welcome, seema i'm tyler mathisen dow try forge a perfect ten.can hang on longest winning streak in six years. earnings and the fed allowing for more gains next weekend and beyond we explore. >> a societal an

. >>> time now for a news update seema mody has that for us this morning. > here's what's happening at this hour. a new indicted employee of former president donald trump appeared in a federal court in florida just moments ago mar-a-lago property manager is accused of attempting to delete surveillance footage at the palm beach club the justice department was trying to obtain that footage as it investigated trump's alleged miss handling of classified documents. he did not enter a plea since he has not secured a florida-based lawyer. >>> west african leaders are threatening military action against niger. the leaders calling for the ousted president to be reinstated within a week meanwhile, pro-coup supporters attacking the french embassy amid claims they are planning to launch an operation to free the president. >>> the first u.s. nuclear reactor built from scratch in decades is now operating in georgia. according to georgia power, the reactor went on line today and will generate zero carbon electricity for generations to come pretty cool. melissa, back to you

seema mody following that trip for us. what is on the agenda for yellen here, seema?well, yasmin, no policy breakthroughs are expected. that's according to a senior treasury official, but secretary janet yellen's trip is widely seen as an opportunity to restore communications between our two countries amid heightened tensions. yellen is expected to meet with a range of chinese officials today and tomorrow, including the premiere, who is known for being involved in trade negotiations between the united states and china. so far, no meeting with president xi jinping is on the agenda at this point. earlier today, yellen tweeting that her china trip presents an opportunity to communicate and avoid miscommunication. as you find out, her trip follows secretary of state antony blinken's trip last month to the country. in addition to restoring relations, addressing china's recent bans on two rare earth minerals used by the u.s. semiconductor industry, seen as critical. she'll try to get a better read on the state of china's economy that has been under a lot of pressure in rece

seema mody is here. musk also owns twitter. how many companies is he going to be in charge of?pacex, tesla, the boring company, and twitter where he's technically no longer ceo, now executive chairman, but the addition of this newly launched artificial intelligence company that he's hoping will challenge chatgpt, that will bring the total to six. at that time, he said he gets about six hours of sleep a night. interesting that he's still able to pull that off. >> quickly, he has been critical of the ai in the past, so why this now? >> yeah, you know, musk has been quick to highlight, yes, the enormous opportunity within artificial intelligence, but he's also acknowledged that without the right guardrails and controls, it could be very disruptive to society. he's also been critical of competing ai applications, calling chatgpt, quote, politically correct, and open ai, which he said a couple of months ago that it's training ai to be woke. the industry will be waiting to see how his new application, chris, will stand out. >> seema mody, thank you so much. >>> that's going to do it

seeing a lot of 52-week highs here seema mody here with the details. so some relief in hotels that's good for consumers. >> yeah, i think what you're seeing is a reality check, sarah and carl, for the entire industry their prices are falling, but at a moderate pace. one of the biggest decliners we saw in the june inflation report, airfares down 8.1%, with more americans traveling outside of the u.s the average cost of a domestic airfare ticket has fallen to $26 # $264 $ $264 that's according to hopper the cost to check into a hotel has dropped sharply in places like san francisco also seeing prices decline in miami, maui, san diego, according to co-star however, there are markets like new york that remain red hot ppt occupancy now at 86%, versus the 83% that we were versus this time last year if prices cool even further, that could present a change for the hotel operators that have been sharply increasing daily rates. one of the reasons these stocks have outperformed. it's a similar story for the home industry rate air dna now expecting average daily r

seema mody today welcome, seema i'm tyler mathisen dow try forge a perfect ten. in a row if it can hang on longest winning streak in six years. earnings and the fed allowing for more gains next weekend and beyond we explore. >> a societal and cultural event of the summer. "oppenheimer," can it save the box office or lead to another movie disappointment for movie industry nap and more pap look at markets with all three major averages higher today and for the week top of the agenda is going to be art furl intelligence at the white house today. president biden speaking a short time ago and meeting with leaders from some of the biggest companies involved in the space. the goal to agree to some rules of the roads as technology evolves. joining us now, eamon javers and eamon, begin with you. allowing big companies to continue to work together? >> it does the idea a starting point, seema. the idea these are voluntary agreements between companies and white house. no force of law behind this at all. listen to what the president said in the last hour, a lot of what he talk

earnings, record revenues and big full-year guidance remains hot despite record prices for more seema mody great day to have you on. >> great to be here, seema >> we saw a strong beat and raise today. stock clearly responding up over 9% what wall street is trying to figure out whether this is the early innings of a longer-term rebound in cruising and if so what do 2024 bookings look like at a time when a lot of economists say that's when consumers will start to slow down >> yeah. well, seema, a lot of things we're seeing in these bookings the vast majority of bookings we've been taking for some time are bookings for 2024. so the rate in which bookings are coming in are substantially higher than we saw pre-covid at rates significantly higher as well that really bodes well for the outlook for 2024 of course, we're having millions of interactions with customers each and every day and see what their spend behavior is and ambitions to travel going out. we feel confident about the consumer, not just because democgraphics in our favor, wit our consumers, where they are in terms of their wealth an

. >>> time for the headlines with our seema mody >>> here is what's happening this hour.ainian police are investigating a reported explosion in a district court in kyiv authorities did not make a link to moscow in their initial message. russian president vladimir putin attending a virtual summit, his first time speaking on the world stage since the wagner attempted mutiny putin claims his country has never been more united >>> in ohio abortion rights groups getting signatures for access in the state on the ballot they had until today to collect 413,000 signatures they're submitting 710,000 if officials determine they met the target, the measure will be up for a statewide vote in the november election. overseas king charles was presented with scotland's crown jewels in a ceremony marking his coronation could be heard shouting, quote, not my king. charles and his wife camilla enter the cathedral, they say the monarchy is less popular >>> coming up on "halftime," etfs delivering mixed messages the playbook on what might work the second half of the year coming up on "halftime

. >>> seema mody for the cnbc update. >> good afternoon. new era could begin any moment for washington football. nfl owners meeting now in minneapolis to vote on the sale of the commanders. recruited as expected team change hands from scandal plagued owner daniel snyder to josh harris. owner of the philadelphia 76ers and $76 billion sale could close as soon as tomorrow. >>> pilots may have to wait a little bit longer to start their retirement the house passing legislation today that reauthorizing the faa the next five year including revision retirement age of pilots from 65 to 67 as the u.s. deals with a severe pilot short amp. measure heading to the senate. >>> get this microsoft rolling out new beauty 23 filters rolling out of bedand going on video calls 12 makeup looks inspired by ma ma ma ma maybe lean products. >> changes everything. >> fix my hair right there love it. thanks, seema. >>> meaahead on "power lunch"ic striking a big blow. expected list for company time usually few and far in between, there seems to be a fire sparking acro

msnbc's seema mody, what are the sticking points and what might it mean for our delivery?ear labor agreement which will expire at the end of july. if the deal is not reached, workers would go on strike beginning august 1st, and negotiations are underway since early july. talks are breaking down coinciding with picketing in different parts of the country. one research institute is estimating that a ten-day ups strike would cost the economy over $7 billion. resulting in significant disruption, not just consumers but small businesses and online retailers as well, chris. >> so the big question is for folks who count on this to fuel their businesses and for those of us who often order online, does ups have a back up plan in case the strike happens, and i'm curious what you're hearing on the street, and that includes wall street, about concerns. the concern level that this might happen. >> yeah, well, ups is making contingency plans by starting to train non-union workers in the event that a strike does take place. wall street is curious to see if president biden will weigh in. h

. >>> welcome back let's get to seema modi now for a cnbc news update >> here's what's happening at thisour. federal prosecutors say the man arrested near obama's washington, d.c. home with 400 rounds of ammunition last week is a direct and serious threat to the public. prosecutors gave the warning in a motion filed today asking a judge to keep taylor taranto in jail pending trial they also allege the fbi launched a search for him after he said online he inintended to blow up his vehicle at a federal building prosecutors found him later that day in obama's neighborhood. >>> protesters interrupting play twice at wimbledon today in the first incident two people spread confetti and jigsaw puzzle pieces on the court a similar incident took place later on in the day. the just stop oil group which calls for the british government to halt new oil, gas, and coal projects has disrupted other sporting events as well. >>> and subway hoping to win back customers with flesh slice deli meat. announcing the change today saying it affects about 20,000 locations. previously subway's deli meat was all pre

speaking of spending, travel will be in focus when ge and other industrials report seema mody is withat post 9 with some of those numbers. >> we looking at airlines week to date, holding onto gains from upbeat coming from general electric earnings next tuesday, which drives 40% of sales from aviation a key driver of shares, ge up 70% in 2023, on track for its best year on report. this quarter research analyst expect the company's aviation sales to grow 21% year over year in the second quarter versus 25% growth in the first. a slight deceleration quarter over quarter, one factor is china, as the economic growth story fizzles. china's travel story hasn't played out as expected the resumption of international flights as a whole have stag natured. currently just 40% of pre-pandemic levels. flights from beijing to l.a.x., shanghai to sfo down about 80% from 2019 levels analysts will say partly due to fewer flights available. check out tokyo to l.a.x., this summer demand up 25%, according to sdr back here in the u.s., yes, average daily rates as we've been discussing this morning have falle

>> seema, thanks seema mody let's dive deeper into china with our next guest who says shine markets are poised for a breakout marco, great to have you with us >> thanks so much, melissa great to be with you >> i'm sure you heard seema's report why are you bullish? and is it predicated on the notion that beijing might have a stimulus program in sight. >> the investment bank community got china massively wrong since q4 of last year. first, they were extremely bearish, didn't think zero covid could be pivoted from within days china proved them wrong. it pivoted away from its policy. and then everybody turned massively bullish, completely forgetting what ails china is the overleveraged private sector their households are extremely indebted what china needs to do is pick up some of that leverage, put it on the public side, and we expect that to happen over the next several quarters. they're going to replicate basically the sequence of events that we in the u.s. used from 2010 to 2016 first cuts in interest rates, then qe, then fiscal and i think that's more important than geopolitics or chip

. >> seema mody, thank you so much. >>> that's going to do it for us this hour. make sure to join us for "chris jansing reports" every weekday from 1:00 to 3:00 p.m. eastern right here on msnbc. our coverage continues now with "katy tur reports." >>> good to be with you. i'm katy tur. new york state t issued a ruling that could have huge political consequences for who wins control of the house of representatives next election, but before we look ahead, look back with us to the last election. specifically here in new york state. ahead of that one, the 2022 contest, democrats in this state redrew congressional maps, but they tilted the district so heavily in the party's favor that a court through the maps out and instead put a neutral expert in charge. that person redrew districts so competitively that republicans flipped four seats, ultimately handing the republican party the majority in the house, and kevin mccarthy, the gavel, we're going to work on the lights. now, democrats have a chance to try once more. a state appellate court threw out the maps again. a maj

let's turn to seema modi with the story on cat and jules financial founder and president. ome to both of you seema, what are you watching >> katrina is one of the most economically sensitive starts on wall street and the stock has seen sent imimprove and the upbeat report from ge lifting the broader industrial sector. when the company reports earnings tomorrow will real focus will be on inventory levels and has the efficient supply chain management helped levels normalize and is that helping profitability and margin growth going into the future for the second half of the year. the big upon toic of discussion is one of those chains that do have high exposure with 5% to 10% of its sales with the economic data worsening, we'll get a key read with what he is seeing on the ground in china as it relates to residential demand and construction demand, as well the stock nearing an all-time high and expectations are up there going into tomorrow's report, kell. >> that's a great point. are the expectation too high what would you do with the stock? >> yeah, kelly this is a tough one be

seema mody with the story. >> tyler and kelly, general electric's story has been heavily tied to theutperformance in the aerospace business but the business it is making in turning around the renewable energy division got the attention of wall street analysts following the report last week. rbc capital sees strong operation momentum being sustained ahead of the spinoff slated for early to 24 it has struggled for year but the ceo telling me ge will see the on shore wind and grid business turn a profit in the second half of this year i guess the down side risk may just be valuation. the stock is up 72% year to date on pace for its seventh monthly gain in a row. rifling the gains of big tech stocks like google and apple, another risk analysts say, tyler, is the weak inning in china. >> thank you, sema let's go to danielle what do you think of ge? >> so when you look at ge, i love the performance this year, i think that the trend in the short term is bullish and that looks great, especially if you are on for this ride however it makes it challenging especially if you want to come in and

seema mody is covering the economic impact of the strike let's start on the picket lines and what you're there. >> reporter: oh, my goodness, it is so loud over here, i could barely hear you. supporters on riverside drive. i know you know where that is, chris, and take a look at the picket lines. we have more than 500 sag-aftra members accompanied by writers guild. disney is like what can we do. you can't cross the picket line. they're being very nice about the strike, but the line is growing. this is one of eight locations throughout the l.a. area. we have four locations in new york that activated today for striking and picketing. and one side in san francisco, and i am being told that this list is going to grow. right now, joining me is jewells, a strike captain, and an actress you might recognize from shows such as "lucifer" and "swat," day one, how are you feeling? >> i'm impressed with our membership. we have 500 people right now who have shown up from sag-aftra at this location. morale is high. everybody is here to support the cause, and to get what we feel we deserve and need. >>

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in the travel sector may be showing signs of easing up as stocks in the sector hit new highs and seema modythe morning. i'm sorry, seema. >> no, i love it the average flight will cost $264 that's down 17% versus last summer, that according to hopper while international airfare has risen by 16% year over year. the cost to check into a hotel in miami, san diego, maui have counseler college down analysts say international travel has lead to a price hike in the u.s you have the pricing power for the hotel giants experts say hosts are unable to charge as much as they did in the prior two years due to customers becoming more price cons conscious. now, oppenheimer strategists write that they're challenged by more tourists visiting beaches where a high percentage of their inventory is set even cape cod will still cost you over $500 a night to rent a home so there certainly are bright spots across the nation. joe and melissa? >> very good we 're all ready to do what we need to do for viewers thank you. >>> coming up, eu regulators expanding its anti-obesity drugs. ozempic under review after some pat