to seema moody looking at industrials. this name is not helping that space. >> exactly, scott.g sending construction names down, with it including fastenal, ingersoll rand, a q3 profit warning. the price of steel is not helping the steel makers. that commodity down another 11% this year. analysts blaming china for injecting excess inventory into the market. jpmorgan lowered its price target on nucor and you'll see the stock trading just below that. those two catalysts behind the underperformance in industrials today, scott. >> good stuff. seema, thank you. appreciate that. you just got the two-minute warning. mike santoli is back with us. seema used the word catalysts. pce is not for a couple weeks. earnings are not until after that. i guess we have fed speak to go on. >> we do have fed speak and the first wave has plenty of relevance in terms of what they want to push back on, recharacterize or emphasize. it does matter. the market the last couple of days has come around to the idea that not too much changed about the fed stance, even though the market is getting impatient to

our seema moody joins us to break down the quarter.tock may be down on micron's conservative guide but the company's growing market share in the ai memory space is what's keeping the street bullish with the ceo on the earnings call last night reiterating that my kropp kron's -- micron's bandwidth generated over $100 million in revenue with total sales expected to rise several hundreds of millions of dollars and his team remains focused on continuing to ramp up production and improve yields. the memory does play a significant role inhelping generative ai programs like chatgpt process data real time time. jpmorgan analysts believe micron is positioned to capture content and raising their price target from 130 to 180 a share. citi analysts advising clients to buy micron on weakness as the upturn in memory will remain in tact and the price target 175 which comes out to a valuation of 15 times 2025 earnings. citi says micron suspects that's above micron's historical average but below ai peers. with the raises including goldman average targe

seema moody., down most sectors are down except for technology and communication services. after the break, stock splits making a comeback. broadcom and williams-sonoma, joining the likes of chipotle, walmart and a bunch of others. a look at what's driving all this when we come right back. [crowd chanting] they ignored your potential, and mocked your ambition. but it's not the critic who counts. with every swing and block, your game plan never changed. ♪♪ some still call it luck. let them. because you know what it's always been. inevitable. ♪♪ ♪♪ i can't believe you corporate types are still at it. just stop calling each other rock stars. and using workday to put finance and h.r. on one platform. tim, you are a rock star. using responsible ai doesn't make you a rock star. it kinda does. you are not rock stars. (clears throat) okay. most of you are not rock stars. oooh. data driven insights, and large language models. oh, that's so rock roll. it is, right. he gets it. yeah. [busy hospital backgroun

seema moody has that for us. >> david, the israeli military launching an air strike overnight targetinghool operated by the united nations nation for refugees in the gaza strip. the idf said it was not aware of any civilian deaths but gaza officials claim 35 people were killed, including a number of women and children. >>> the new york city architect who is the suspect in a string of killings on long island was charged today with two more murders. rex heuermann is now accused of killing six women, dating as far back as 1993. the new charges come weeks after authorities renewed searches in his home and a wooded area of long island. >>> president biden in france today to honor the veterans who fought in the world war ii defining d-day invasion on the battle's 80th anniversary, part of the official ceremony with french president emmanuel macron and other dignitaries and 150 american veterans. >> seema moody. >>> still to come nvidia overtaking apple in market cap but lose something steam this morning and -- lose something steam. we'll talk about the fallout with early facebook and google v

to seema moody with the latest.dical rethink overnight. >> this is a final countdown to the world's biggest election, mike, and we've been tracking the polls, prime minister modi will retain power but an early lead suggests a smaller than expected majority is a big upset. markets were betting on his popularity resulting in his party winning enough seats on its own. the latest results raise questions about his ability to pass economic reforms that would address rising unemployment and other policies aimed to help businesses expand in the country. now some u.s. companies have invested heavily in india during modi's decade in power. starbucks opened its 400th store there, walmart's expansion footprint continues. apple's ceo tim cook this past earnings season says he sees india as an exciting market and major focus for the company. after hitting a record high overnight, ishares in the etf down about 7% on pace for its worst day since december of 20 1. even when we take a step back and look at investor positioning, india

seema moody has been monitoring it and joins us with the latest headlines. g to bed sharing with less inventory remaining for the remainder sale of this year, it's able to demand higher prices on higher bookings and forecasting net yield guidance of 10.5% for this year in line with royal caribbean and higher than norwegian cruise line's forecast. executives on the call mentioned europe's booking curve at a 15-year high. analysts point to carnival's diversified offerings as a strength and the cfo of the company taking a jab at hotels saying service levels are deteriorating while guest satisfaction on its cruises remain high. the company in the process of what it calls a strategic realignment of its portfolio which involves consolidating a few pno cruises in australia into carnival cruise line. analysts call it a proof point that management is willing to evolve and reposition ships to maximize shareholder return. now with a very strong outlook, ceo josh winestein was asked about whether carnival is ready to reinstate a dividend. winestein said right now he's fo