silvana. >> frank, good morning.imes reports goldman sachs is planning for a fresh round of job cuts. expect it to hit between 1% to 5% of employees. the cuts which could come as soon as next month are performance based and part of the annual review process reinn p s -- reinstated last year. all this with david solomon firing back over his leadership at the bank. >> it is not fun watching the personal attacks in the press. obviously, we are a big organization and doing a lot of things in the world. scrutinize. i don't che't recognize the cha that has been painted of me. i tell you a lot of the colleagues are not shy about expressing their personal views. look, i reflect on it. you always look at it and we're focused on doing what we're doing. >>> walmart cutting the starting pay for employees stocking shelves and preparing online orders after hiking in march of 2021. new walmart employees joining the stocking teams will make $1 an hour less than they would have several months ago. the move following a wage increase f

silvana, good morning. >> frank, good morning. let's kickoff with the developing story and one that is 143 days in the making. sources tell cnbc that writers are in a deal to end the strike after face-to-face meetings yesterday. according to people close to the talks, both sides are set to meetagain today to finalize a deal, but if they fail to do so, sources say the strike could last through the end of the year. >>> sticking with labor talks. gm has idled a plant in kansas city and laid off 2,000 workers blaming negative ripple effects from uaw workers at the missouri plant. the move by gm follows similar moves from ford and stellantis since the strikes began friday. now this as stellantis delivered a new proposal to the uaw yesterday. one union leaders are reviewing. the detroit's big three have until noon tomorrow to make serious progress before the uaw expands walkouts. >>> shares of fedex are popping in the pre-market. up 5% now. the company topping eps estimates and raising full-year forecast despite what executives expect w

. >>> time for the check of the top corporate stories with silvana henao. silvana. >> frank, good morning the ipo rush set to continue today with instacart pricing the nasdaq offering at $30 a share the top end of the range the deal values the company at $10 billion. that's a massive haircut from the $39 billion valuation in 2021 instacart is profitable generating $114 million in net income last quarter. that is up from $8 million a year ago don't miss instacart's ceo live here on cnbc later today >>> the united auto workers union will strike at additional ford, gm and stellantis plants if serious progress is not made by friday. shawn fain posting this message on x late yesterday. >> we're not waiting around and we're not messing around so noon on friday, september 22nd, is a new deadline. either the big three get down to business and work with us to make progress and negotiations or more locals will be called on to stand up and go out on strike >> the expanded strikes would expand the walkouts beyond the 13,000 workers currently and come one week since tal

everywhere, every tai. >> you're fwgoing to be everywhe every day, too, silvana.ee you later. >>> in september, living up to its reputation as the worst month for stocks with the s&p 500 falling to the bottom of its bullish trend now sitting below the 50-day moving average. stocks within several sectors, they're also hitting key resistant levels from energies and financials let's talk more about what the technicals will be saying. greg with piper sandler here great to see you. >> thanks to have me on. >> i want to ask you what do you see in the technicals? is it changing your target you made a few weeks ago >> frank, it's not changing our year end objective at all. once summer ends we see a pickup in the october, november, december time frame. in terms o what we're seeing in the time frame, all we see is a healthy consolidation. i think that's just from the pause and refresh before we take the next leg higher. >> all right so you brought up the word "pause," and it's important. according to your research, a pause is important today we're all but certain we're goin

silvana. >> frank, i am back. the ongoing strike by uaw potentially set to expand.ss members tomorrow morning and could announce new strike targets if there is no progress with ford, gm and stellantis sti >>> sticking with strikes, the hollywood strike talks are resuming the two sides will continue to come together monday. >>> shares of micron dropping ahead of the open. the chip maker expects a loss of $1.07 for the first quarter compared to the 95 cent loss forecast by analysts micron reporting a narrow loss for the fourth quarter as well as revenue that came in ahead of expectations the ceo sanjay mehrotra will have more in an interview at 9:30 a.m. today. >>> and delta says reaching a higher status oraccessing airport lounges was more exp expe expensive. the ceo ed bastian said they will move to overhaul the program. >> a lot of people were upset about that i know >> i think he was trying to say we went too far. >> if i'm not getting the points. >> everyone on social media was outraged >> it may be an under reported story. a lot of people making personal finance

silvana. >> frank, good morning. three weeks into the walkouts and striking auto workers are prepared to expand more. at 10:00 a.m. today, uaw president shawn fain is set to address members on the facebook live and just like last week where he doesn't see enough progress, he will call for expanded strikes at 12:00 p.m. eastern time. union officials made new propositions to stellantis yesterday and in active talks with ford and gm. >>> and nike reporting the latest quarterly results after the close, the company falling short of wall street sales estimates for the first time in two years, but beating on earnings and margins. nike maintaining the outlook revenue growth in mixed single digits. >>> after a wild ride for the stock yesterday, gamestop is being watched after the email sent to corporate employees and store leaders where ryan cohen says frugality is needed. his firm remains the largest shareholder at north of 12%. frank. >> another twist for this meme stock. it never ends. silvana, thank you. >>> coming up on

let's check on the other top corporate stories with silvana henao. silvana. >>> dom, good morning. a merger monday possibly on tap. hostess brands is closing in on is selling to jm smucker for $4 billion to $5 billion. that would be the end of the turn around story for twinkees and zingers and more after two bankruptcies. one in 2004 and 2012 and then for a stretch where it took twinkies off the market. it is up in the early morning hours. >>> and alibaba's outgoing ceo daniel zhang will step down on the cloud business as well. the news came after his role as chairman step down to concentrate on the intel unit. alibaba says the ceo eddie wu will take over the duties ahead of the public offering for the business. >>> instacart is getting set to kickoff the ipo road show today. the company is aiming for a market value of $8.6 billion and $9.3 billion. a far cry from the nearly $40 billion valuation in 2021. instacart is expected to start trade on the nasdaq under the t ticke er c-a-r-t, dom. >>> thank you, silvana. we are looking at the cpi report due out on wednesday and it is expec

. >>> time to get a check on the other top corporate stories with silvana henao. silvana. >> frank, good morning with less than a week to go, moody's is speaking out about a possible u.s. government shutdown the creditays if it comes to pass, it could lead to a negative outlook and potentially a downgrade as well as provided of further evidence of political thepolarization is effecting the policies this comes after fitch downgrade the u.s. in august and s&p downgraded in 2011. >>> ford is pausing the work in michigan on the ev battery plant. they have not said if it is due to the uaw strike. the company says we are going to limit spending on construction until we're confident about our ability to competitively run the plant. this coming as president biden plans to meet with striking workers in detroit today ford was planning to operate the plant in partnership with chinese based catl the largest ev battery maker shares falling in overseas trading. >>> and neel kashkaris into they moves. kashkari told the event attendees if the economy is much stronger than we real

silvana henao, thank you. >>> turning to washington, d.c.er break, there is plenty for lawmakers to tackle the. emily wilkins has more on the agenda. emily, it is a lot, but the senate first and then the house later on this month. >> reporter: you are right, dom. the senate will get back today. the house will get back next week. with that extra week for the senate, they still have so much to do. remember, congress was out all last month and they have the busy schedule. number one priority is ensuring the government is funded past the september 30th deadline. both house speaker kevin mccarthy and minority leader chuck schumer wants to continue the funding for the year and in addition to keeping the lights on, several programs are set to expire at the end of september unless lawmakers act. overseeing airplane safety and farmer billss and assistance for child care providers and ensuring the u.s. primary flood insurance program is able to still renew and sell new policies. huge with the hurricanes we have seen. in addition, chuck schumer told co

por primera vez historia la dueda nacional de estados unidos ha probado 73 millones de dÓlares es silvanado la primera vez en la historia del paÍs que dice cifra ha llegado este nivel para cumplir los casos operativo asumens dos semanas que el gobierno federal se frente a un posible cierre si el congreso no llega a un acuerdo paÍses bajos financiar prÓximas operaciones de gobierno. >>> una disminuciÓn en los hÁbitos de compras de consumidores ha causado que este aÑo tiendas departamentales reduzcan planes de contrataciÓn para la temporada festiva segÚn estimaciÓn, una firma de reubicaciÓn de personal del trabajo se espera que solamente 410.000 puestos sean creados marcando la creaciÓn de puestos mÁs baja desde el 2008. >>> silvana he noÉ es tu informe para telemundo. >>> mire vamos con esto, el gobierno federal volverÁ a repartir pruebas de covid-19. prinldrÁn hasta 4 por familia y posiblemente... pues prÁcticamente explicaron que estas pruebas podrÁn detectar las nueva variantes de la enfermedad y que vence a finales del aÑo pero incluirÁn instrucciones sobre cÓmo pero fic ar hasta cuÁnd

silvana, good morning. >> good morning, frank. google is looking to crackdown on election ads containing a.i. content. the company said starting this november, it will require election advertisers to disclodisclose when an ad contains altered content. this moves comes as the federal election commission is addressing a.i. ahead of the presidential election. >>> instacart is preparing to set a price range for the ipo in the coming days. bloomberg reports that along with the start of the investor road show could come monday. the report ads the online grocery company is considering pricing its listing september 19th with trading starting the following day. >>> texas power grid operator triggering emergency operations on rolling blackouts as the state faces soaring temperatures. the agency marks the first since the deadly winter storm two years ago. ercot called off all emergency measures, but temperatures are set to reach 110 degrees today and tomorrow. >> we hope we don't experience disruption. silvana, thank you very much. >>> a lot

silvana. >> seema, good morning. it is coming down to the wire. united auto workers union making a final preparation to strike against ford and gm after contracts expire at 11:59 p.m. tonight. uaw president sean fain ruling out an extension. saying the walkouts are limited and offering to expand. gm says it continues to bargain in good faith and is making progress in key areas. we are wa-- >>> we are watching shares of hp. berkshire sold 5.5 million shares of hp since accumulating a 12% stake in the company last year. the move coming after hp lowered the profit forecast during the most recent quarter due to a slump in pc and china demand with shares down 19% since berkshire disclosed its stake. >>> and x, formerly known as twitter, is agreeing to try to settle the lawsuits over mass layoffs. bloomberg says nearly 2,000 former employees are accusing x of multiple labor and workplace violations during the $44 billion takeover deal. last year, the lawyers for employees say x has failed to show up in court. seema. >> a story we will continue to watch.

soy silvana henao y este es tu informe para telemundo >>>los programas una huelga es una posibilidadciar una protesta contra cualquier fabricante de automÓviles que no llega un acuerdo tentativo cuando los contratos expiran a las 11:59 14 de septiembre >>> pagarÁ trabajadores de tienda menos de los que desembolsÓ hace 3 meses, segÚn documento dÍgitos el cambio que entrÓ en junio trae coherencia en el pago por hora en la ciudad dijo la portavoz y dijo que no es reporte salarial para los empleados actuales y salario mÍnimo se mantendrÁ en 14 $ por hora, walmart es el empleador mÁs grande del paÍs >>> (....(, instalan 20 cargadores para vehÍculos elÉctricos en 2000, noticias de mÉxico, estados unidos y canadÁ se percaten terminada en 2025 >>> esto es el informe para telemundo >>> que tal bienvenido al palco deportivo, se aÑos bien los deportes que sea feliz que gente pudiera conseguirlo pero ahora recordÉ los atletas son impresionantes >>> por ejemplo hoy en el partido de eliminatoria terminÓ con goleada decir por unos debutÓ con la roja, llegÓ al minuto 44 ciento en el jugador mÁs jove

silvana henao is here. silvana. >> happy friday, frank. a lot of moving pieces today. first up is the clock is ticking toward the uaw deadline today for the serious progress for ford and gm and stellantis on contract negotiations for the 150,000 members. 13,000 are on strike currently. in a statement last night, gm has put five offers in front of the uaw says it is now clear that the uaw leadership has always intended to cause months long disruption. uaw leadership needs to put the members ahead of the personal agendas. gm has put five offers on the table. >>> and now no deal yet with the hollywood writers after both sides were closing in on agreement. taking part in the negotiations yesterday were a group of ceos including bob iger and david zaslav and donna langley. >>> and house speaker kevin mccarthy is hitting a dead end. sending house members home after not coming to agreement yesterday. they are preparing for a shutdown, frank. >> silvana, thank you very much. we will see you later on. >>> turning back to the markets. looking at futures right now which are point

. >>> time to check on the corporate stories with silvana henao. silvana. >> frank, good morning. uaw slightly lowering its demand for pay increase to 36% from 40%. sources tell auto news and others the union is now asking for a series of wage hikes over the next five years starting with the pay boost of 18%. raises would alternate between 4% and 5% annually. gm, for d and stellantis have until midnight on friday to reach a deal. >>> sticking with the summer of strikes, fast food workers in california are set to get a minimum wage of $20 an hour. unions and the restaurant industry reaching a deal potentially killing a referendum to be on the ballot in 2024. under the agreement, workers with chains at least with 60 locations nationwide must be paid $20 an hour by april. california minimum wage is set to rise to $16 an hour in january. >>> shares of oracle dropping. first quarter revenue missing forecast and the company is now projecting sales this quarter to fallbelow estimate. cloud revenue did rise 30%, but that's slower than in previous quarters. chairman larry ellison is toutin

our silvana henao is here with those. good morning. >> frank, good morning. ta taiwan's semiconductor the latest company toway in on arm's ipo. it will decide whether to join in. apple and nvidia are the companies showing interest to buying up $75 million worth of shares. the ftc is reportedly gearing up to file a lawsuit against amazon later this month. this according to "the wall street journal" which says the potential move comes after the e-commerce giant's lawyers offered no concessions and talked with agencies last month in search for a possible sentiment over antitrust claims. it will target a number of amazon's business practices including its fulfillment logistics program and pricing by third party sellers. and philip jefferson's confirmation taking a critical step forward. the senate voting overwhelmingly to clear the way for its confirmation with a closure vote marking the next to last step in the process. final approval of jefferson is expected later this week, frank. >> it's certainly a story to watch. changes in the fed. >> oh, we sure will. >>>

recetas hay que sgeguir las redess sociales paq porque nos explican todo >> hago lsos video >> gracias silvana nos despedimo desped musica ahora en tmelemundo 48 y ya esta a la venta y pudiera alsalvar la vida de mucahhas personas. el robo de esta tienda quedo captado en camara, pues se llevaron miles d de dolares en alcancias. >> asi comenzamos al medidiodia >> y de la primera dama del pais pais. mguchas gracias por estar aqua aqui con nosotros . vamos a imag imagsima imagenes y es que la aerolinea se emitio la orden de en un prob problema tenico con un sistema de computadora. pero minutos des despuedes despues con esa misma alerta y v volvieron los vuelos a la norma normalidad >> asi es btuenas tardes. el med medicamento va a estar disponibl disponible para venta sin receta despue despues de ser aprobado de este aÑo por la asociacion de medicam medicaments y alimenottos. ahora esta disponible en farmacias y t teit tiendas sin recetas. ag¿lgalgunos dic dicen que su precio es alto y e estari a estaria fuera del alacance. cuest cuesta 50 dolares y en 44.99 en otras tiendas. a pesar de su alt al

the headlines with silvana henao. >>> the georgia election case is splitting up. the judge ruled against the district attorney to allow sidney powell and kenneth chesebro to separate their trial from 17 other defendants. this means the former president won't go to trial in october. officials say a luxury cruiseship was pulled free today by a fishing boat in green land. the ocean explorer, carrying 206 passengers, got stuck on monday. the company who owns theship said no one was injured and no pollution to the environment. >>> for the first time in history there will no longer be an age limit for miss universe pageants. the change will take effect in 2024. contest enters will still have to be 18 to compete but no longer will age out at 28. scott, back to you. >> that's silvana henao. >>> delta hitting new head winds. jim owns it. we'll get his take next. rk seamlessly around the world... you need more than technology. you need cdw who can help transform your organization with built for performance lenovo thinkpads. pre-configured for management flexibility and equi

silvana henao is with us. >> birkenstock officially filing for its ipo right here in the u.s. shoemaker plans to issue stock under the ticker birk. it did not say how many shares it would list. reports suggest that the ipo could value birkenstock at more than $8 billion. >>> shares of virtu financial under pressure after the head announced its suing the company. the agency is accusing the broker leader of giving misleading statements and leaking out information over protections of potential misuse of customer information. virtu handles markets in the u.s. >>> and the holiday shopping season looking like it may be a little less jolly this year. bain is forecasting a 3% increase. it expects shoppers to pull more shopping around october during the main sales event. a bigger optimism from deloitte. it expects retail sales to rise from 3.5% to 6%. >> my take is they've got it all wrong. if you want people shopping, don't put christmas stuff out in september. we saw halloween stuff out with go back to school. >> it's too much. >> supply and demand. pull back on supply, more on deman

con las tasas de interÉs mÁs alto desde 2007 el momento de comprar un coche silvana henao denuncia cadenaprecio de un carro usado ha subido un quality 5% a un promedio de 29.000 dÓlares en los Últimos cinco aÑos las tasas de interÉs para este tipo de prÉstamos estÁn en un promedio de 7% al 8% eso es un aumento de alrededor del 5% para un automÓvil usado en este mismo tiempo entonces, cÓmo cuidar su bolsillo y tener una buena experiencia cero frente empiece por conocer su presupuesto familiarÍcese con los nÚmeros tenga en cuenta de que no es sobre el pago mensual tambiÉn estÁ la gasolina, el seguro y cargos de mantenimiento, busca un prÉstamo antes de entrar al concesionario mucha gente piensa que la Única forma de financiar un automÓvil es a travÉs de ellos pero eso no es cierto, trate de hacer el mayor pago inicial que pueda ya que son reducir el monto total del prÉstamo y su pago mensual y con las tasas de interÉs tan alta lo Único que puede controlar es reducir el monto del prÉstamo que obtiene, conoce a alguien que ven un vehÍculo ? considere si alguien en su red estÁ vendiendo su aut

. >>> to the headlines with silvana henao. >>> the u.s. is calling on azerbaijan to protect the rights of civilians the armenian foreign ministry said more than 13,000 people have arrived in armenia from a separatist region after azerbaijan launched an offensive last week. at least 20 people were killed and nearly 300 wounded overnight in a blast at a gas station 20 miles from the region's capital. >>> seven candidates have qualified for the second republican presidential debate former arkansas governor asa hutchinson is the only candidate who didn't make the cut after the first debate former president donald trump has once again opted out and will hold campaign events in michigan >>> nvidia reached a $1 trillion valuation and is returning to its roots by throwing a party at denny's in san jose. that's where the founders launched the company 30 years ago, scott >> silvia, thank you that's silvana henao with the headlines. >>> up next, two bullish calls on the only positive sector this month. we'll see where the committee stands on that tra

silvana, thank. >>> let's get to retail and what seems to be more red flags in the space.noting that september foot traffic falling substantially thanks to mounting headwinds for the consumer like rising gas prices, warm weather, the resumption of student loan prices. that leading them to downgrade a few names. the oanalyst behind that call joins us this morning. >> good morning. >> we've listened to the consumers with the consumer over and over again. it sounds like it's already beginning to manifest itself a bit in traffic. >> yeah, i think traffic is pretty much the most important barometer for a retailer right now. and what's interesting, during the summer, we saw a real nice improvement from june and into july and even into august. we were surprised to see when we updated our data yesterday, we've seen a big decline in september, close to 5% on a four-year geo-spac basis. we've given back all of those gains, which leaves us a little bit more concerned going into the holiday season. >> what's the multiple on "m." is it under 4? how cheap could this get? >> it's cheap,

embargo no revelÓ detalles sobre cuanto eso costarÍa >> hablemos ahora de la huelga de (nombre( >> silvanaasez ya que actualmente hay pocos de esos modelos disponibles por otro lado la empresa de productos de limpieza ha dado conocer que un ataque cibernÉtico ha causado una interrupciÓn a gran escala de algunos de sus artÍculos de limpieza segÚn la compaÑÍa el ataque ha sido controlado y se cree que este evento afectarÁ los estados financieros del trimestre actual cabe mencionar que nos ha compartido cuÁles artÍculos han sido impactados por el recorte de producciÓn y si anhela ser millonario el premio mayor del power ball ha alcanzado 638 millones de dÓlares el prÓximo sorteo se llevarÁ a cabo esta noche y de haber un ganador el o la afortunada podrÍan llevarse a casa poco mÁs de 304 millones de dÓlares en efectivo si selecciona tener su precio en un solo pago este es tu informe se nbc para telemundo >> si usted piensa que el precio de la gasolina estÁ alto prepÁrense porque se prevÉ que los prÓximos dÍas puede darse otro momento estos en parte porque hay una refinerÍa en pensilvania y otr

. >>> let's get a news update with our silvana thenao. >> vladimir putin and kim jong-un held hours ofks at a russian space port wednesday. after the talks ending, putin said the pair talked about the possibility of military cooperation. the kremlin says kim is on his way back to his isolated country on his private armored train. >>> the iphone 12 is off the market in france. a watchdog agency in the country ordered apple to stop selling the model claiming testing showed it emits too much radiation. apple disputed the findings and said the device complies with radiation regulations. >>> and he may no longer just ken. barbie's boyfriend recently popularized by ryan gosling in the "barbie" movie is a finalist for induction into the national toy hall of fame. he has some steep competition, though. the games battleship and connect 4 as well as the bop-it and little tykes cozy coupe are on the list. winners will be selected in november. >> who knew that was a thing? the toy hall of fame. i guess that's major. thank you, silvana. >>> arm's ipo a big focus and meile one firm already says buy,

tell us, is determined by two facts, firstly, the moral surrender of the ostine group, dance and silvanaeal threat to the grandfather of the baydyna, that you will not be able to etogovat from the public and the fact that the republican never sent enough support to ukraine, so this is also the reason for the strengthening of this rhetoric, therefore, the question here is that there are no prospects for you, and the way is no . is this very serious information? putin's entourage that she will now almost not live to see this spring speech , then at the time when you hear that four months, the planes also require uh temporary yes, the question is not only about the pilots' ropes, despair was definitely lost time and well, gromov's preparation is infrastructure and veterans are the languages ​​of the broadcasts the nearest time the nearest time but i almost didn't say about it already i answer the question eh armirova coats of arms all the documents are signed all the departments have given their roads everything is lying on the table беоевидены therefore they can the chinese leaders are als

. >> silvana henao has the headlines. >>> scott, a federal court threw out alabama's proposed congressionalled the current map diluted black voting power in the state. the panel of three stayed the latest map from alabama's republican-led legislature did not comply with orders to create a second majority black district. they order the next map be independently drawn. jury selection is under way this morning in the trial for former president donald trump adviser peter navarro who faces contempt of congress charges for ignoring subpoenas. a judge dismissed the attempts last week to drop the charges when he claimed the president issued executive orders. the capitol doctor said senate leader mitch mcconnell's health episodes show no evidence of being strokes or seizures. he froze up during a press conference, the second time in as many months he froze up while speaking in public. scott? >> thanks. >>> our "calls of the day" with one stock off 30% from its recent high. one analyst thinks the bad news is bak iedn. we debate it next. me, but at fisher investments we're clearly different. (other mo

let's check in with silvana. >>> wall street is set to open higher ahead of more data on inflation. the markets were mostly higher yesterday following a report showing core consumer prices that exclude food and energy, and it's not expected to change the federal reserve's course at its meeting next week as they are pricing in no hike in interest rates. delta airlines will restrict access to its sky airport lounges as it tries to cutdown on overcrowding. the platinum card holders are allowed six years were year, and the amex card holders will get ten visits. google is updating an troeud auto and software for vehicles equipped with google integration, and drivers will be able to join webex or zoom meetings. google is also rolling out prime video on the google play app, and it will only be available on a select number of brands and only when the car is parked, guys. more ways to get access to people. >> yes, no excuse. >> nice to see you. thank you. >>> trending this morning, you can officially say bye-bye to the speculation. ♪ >> yeah, if you didn't see it there, that's 'n sync releas

i'm silvana henao with your cnbc news update. bob menendez pleaded not guilty this morning, facing corruption charges that allege he and his wife accepted hundreds of thousands of dollars in bribes in exchange for his influence. both he and his wife entered not guilty pleas at their arraignments. the three other co-defendants in the case also pleading not guilty. >>> late night shows are coming back following the end of the screenwriters strike. jimmy fallon, stephen colbert, jimmy kimmel and seth myers who airs the podcast to support the writers during the strike signed off with their last episode saying "late night five" signing back on. former san francisco 49ers quarterback colin kaepernick is offering to join the nets practice squad. in a letter to the jets, kaepernick did not ask to fill the starting spot, he would join e am practice squad. "halftime" is back after this. >>> our senior markets commentator, mike santoli, i want your reaction to something that just dropped from mark kolanovic who has been defensive, as we all

let's get a news update with silvana. >> good morning. impeachment trial for republican texas attorney general ken paxton began this morning. the gop-led texas house voted to impeach paxton in may. now their counterparts in the state senate will decide whether to remove him from office. paxton is facing several accusations, including bribery and the abuse of public trust. >>> president biden announced today jack lue is his pick to be the next ambassador to israel. the president tapped him for the office as tensions between the u.s. and israel rise over prime minister benjamin netanyahu's judicial shakeup. lew was also secretary of the treasury and white house chief of staff. >>> and chinese police detained two construction workers they say made a shortcut through a centuries old portion of the great wall of china so they could get to work faster. police say the duo caused irreversible damage to the wall, which is a unesco world heritage site, carl. >> thank you. >>> still to come this morning, td cowen is asking, do you really need it? la

. >>> let's get a news update with s i silvana. >>> the president's son is accusing rudy giuliani andther attorney of misusing his personal computer data he's seeking more than $75,000 in damages this is the latest in a string of lawsuits brought by the younger biden against his gop critics. >>> russian commander that uk claimed its military killed appeared on the russian state division today he was shown making a remote appearance at a defense leader's meeting. nbc news has not verified when or where the footage was reported he was killed along with 33 other officers in a missile attack last week on the headquarters of russia's black sea fleet. >>> and hollywood writers came to a tentative agreement now they may be swapping places with video game actors and motion capture actors on the picket line. the sag-aftra union says these workers overwhelmingly voted to authorize a strike last night and will begin contract talks with gaming companies today. carl, back to you. >> thanks so much. >>> consumer credit catching our attention this morning it's been a rough summer for consumers with

. >>> time now to get to our update, the headlines with silvana henao. you. >>> the new york attorney general named donald trump on her prospective witness list. the former president is expected to be called to testify along with his children, bankers, accountants and current and former trump organization employees. trump's defense team has a list of 127 fact witnesses, that is expected to be challenged by both the prosecution and the judge. >>> the hawaiian electric ceo testified this morning at the first congressional hearing on the maui wildfires. the company leader defended the company's decision not to de-energize power lines saying it was not part of the utility's protocol. the decision was made even as hawaiian electric was preparing for winds of more than 60 miles per hour that spurred the deadly fire in historic lahaina. >>> and the senate unanimously passed a new dress code resolution bringing business attire back. senate majority leader chuck schumer chose to stop enforcing the unwritten code and senator john fetterman's sweatshirt made headli

let's get the headlines with silvana henao.ervices firm cantor fitzgerald donating all global revenues from trading today to those who died in the 9/11 attacks. the company lost 658 employees during the attacks and launched this donation day shortly after. cantor fitzgerald is hoping to raise between 8 and $12 million. the firm inviting celebrities and guests to help brokers complete transactions and raise funds for charities. this year's appearances former about the bill cljts, charlize theron. >>> the spanish football federation chief quit his job. he said his position had become untenable after widespread outrage. the decision after the player lodged a criminal complaint for sexual assault and coercion. >>> drew barrymore planning to bring back her talk show amid the writers strike. a spokesperson says the fourth season will premier next week produced without literary materialo ep i tken line with the strike. "halftime report" returns after this. at pgim we can help you rise to the challenges of today, when active investing

our silvana henao is here with those. good morning. >> good morning to you.ly 150 days, the hollywood writers strike is officially over. the writers guild of america voting unanimously to lift the restraining order on members after reaching the deal with studios. the agreement which lasts until may 2026 includes a 5% minimum pay increase upon approval along more pay bumps over the next two years. it adds that ai cannot write or rewrite literary material and ai generated material will not be considered source material. >>> cofounder and chief product officer of peloton is leaving the company after nearly 12 years. he'll be replaced by nick caldwell who previously held leadership positions at twitter, google and microsoft. >>> and the u.s. banking industry seeing a major first, s&p global revealing the industry's total deposits cleaned year over year for the first time since going back to 1994. that's down nearly 5% to just over 17 trillion. s&p says charles schwab saw the largest decrease, and that's primarily due to outflows from br brok brokerage acts, frank

. >>> silvana, thank you. >>> stocks are on pace for the worst month of the year now as higher yields things. but that said, some tech has been holding up. meta up triple digits on the year. let's get to mike santoli with the breakdown. it's interesting to see meta go against the grain. >> earnings e mats are surging, up 30% in the last six months and alphabet their estimates are rising. a lesson how tech is multiple things. not just the inverse of a bond yield not just safety although sometimes it has that aspect to it. and it's not just pure growth. if you look from a little over two months ago in late july when huh the ten year at three and three quarters, that's really started the surge. it was july 19th. the nasdaq, equal weighted s&p and the discretionary from that period. you see the real impact of higher yields is about what is it going to mean for the real economy, for the consumer as opposed to the arithmetic as what it means for growth valuation. this month tech has backed off a little bit more but in general megacap growth as a category has held the outperformance since ju

i'm silvana henao with your news update. the gop impeachment inquiry into president biden is under way this morning. the house oversight committee is hearing evidence into allegations the president improperly helped his son or profited off his business dealings. the white house has repeatedly rejected the claims and released a 15-page memo rebutting them last night. >>> the u.s. soldier who intentionally ran across the border into north korea in july is back on american soil. travis king landed in texas overnight, just a day after the isolated country said it would expel him. military officials say king was taken to an army medical center following his arrival to help with his adjustment back into the u.s. >>> and actor michael gambon known for his portrayal of dumbledorf in six of the eight "harry potter" movies died. his family says he died following a bout with pneumonia. gambonn who was united by queen elizabeth ii, was 8 2 years old. back to you. >> thank you. >>> i am here at delivering alpha conference in new york cit

. >>> a news update wil silvana henao. >> good morning. here's your cnbc news update at the hour. charges come after a year long corruption probe into whether the powerful senate foreign relations chair and his wife improperly accepted cash and gifts. menendez's office did not immediately nbc's request for comment. this is his second indictment since first elected to the senate in 2006. his other trial ended with a hung jury. >>> ukrainian officials say 13 people were injured in a russian attack on a town near ukraine's eastern front early friday. the attack came as ukraine's military announced its forces successfully hit the headquarters of russia's black sea navy in crimea. russia's defense ministry said one service man was missing after the attack. >>> and the biden administration announced new regulations that would wipe medical bills from credit reports. the consumer financial protection bureau estimates one in five americans have medical debt on their credit reports. lower credit scores can limit options for housing, loans and credit cards. carl? back to you. >> thanks. >>>

i'm silvana henao.ears ago on the worst terror attack on u.s. soil. vice president kamala harris voinds a ceremony which featured a reading of victims' names and president biden will take part in a ceremony on a military base in alaska. >>> north korean leader jim cong will travel to moscow as russia continues its invasion of ukraine. any deals would violate multiple united nations security resolutions. >>> m kilauea volcano on hawaii's big island is erupting after nearly three months of quiet. hawaiian officials say the lava does not pose a threat to nearby communities but the particles and gas from the eruption could cause breathing problems for sensitive people. >> thank you. >>> take a look at some of the stocks in the media cable ecosystem. this is going to be win-win and in saying that i'm talking about, of course, a report we brought you at the top of the hour that charter and disney unexpectedly are nearing a deal in which the disney networks would return to service on the charter for video dist