. >>> time for the check on the corporate stories with silvana henao. silvana, good morning. >> good morning, frank the ipo market appears alive and well shares of mediterranean restaurant cava looking to extend yesterday's gains after the impressive public market debut on the stock exchange yesterday when the stock closed up 100%. it sold 14 million shares and raising $318 million with the valuation of roughly 2.$2.5 billion. >>> and disney's chief financial officer is stepping down and will take a family medical leave of absence mccarthy will stay on during the transition kevin lancesbury will take over >>> and atlanta fed president bostic discloses more trading violations according to the disclosure, bostic and his spouse made trades on may 2nd, 2022 ranging in amounts from $1,000 to $50,000. the trades occurred during a two-week blackout period before the federal open market committee meeting. frank, last october, bostic disclosed similar trades in previous years adding he does not intend to conceal or side step his transparency. >> a story we will c

market cap and 50% of the nasdaq month to date gains in may. >>> for a check on the top stories, silvana henaock with those good morning, silvana. >> frank, jamie dimon claims that other executives within the bank could have removed jeffrey epstein before the move was made this is after the recent jamie dimon deposition tied to two lawsuits dimon claimed that an executive and former head lawyer could have given jeffrey epstein the boot before they made the move in 2013. dimon added he had no knowledge about the claims against jeffrey epstein in 2006 and he was barely aware of him at all until 2019 >>> ziprecruder announcing layoffs. in the regulatory filing, it will cut 20% of the work force that is 270 jobs and half of the cuts will come from sales and customer support positions the ceo will take a 30% cut to his salary. >>> and american airlines will appeal a court ruling blocking the partnership with jetblue the judge ruling this month the plan union in the northeast is anti-competitive and ordered the airline to end the partnership in 30 days the airlines argued d teamingp would help compe

. >>> let's get a check of the top corporate stories with silvana henao. ha silvana. >> dom, thank you. jay powell speak at ting at the conference in madrid, he said they expect two or more rate hikes by the end of the year powell said it will take time for full effect of monetary policy to be realized. he made comments to sarah eisen at the forum at sintra. >> two more additional rate hikes. the median was strong with two or more rate hikes if you look at that data over the last quarter, what you see is stronger than expected growth and tighter than expected labor market and higher inflation. that tells us that although policy is restrictive, it is not restrictive enough >> treasury secretary janet yellen hopes to travel to china. speaking with our colleagues at msnbc last night, she reiterated calls for the two largest economies to work together the secretary did not offer any details on when a trip to chichina may happen. >>> and microsoft's ceo would like to ditch deals with video game companies and console makers testifying during the hearing on the ft

. >>> let's get a check on the corporate stories with silvana henao. silvana, good morning. >> good morning, contessa. u.s. and china is looking to cool tensions after the close call in the taiwan strait over the weekend. officials from the two countries holding quote candid talks in beijing overnight to restore what they call high-level diplomacy. this was the white house most senior trip to china since february >>> jamie dimon will meet privately with a group of moderate house democrats to discuss issues on banking and the u.s. economy the closed-door lunch comes as dimon has been urged to enter the 2024 presidential race despite comments he does not plan to run. >>> starbucks is expand aning t olive oil coffee oleato beverages in alaska and new mexico and texas and vermont and cities like austin and boston. >> it looks good count me in. thank you, silvana >>> a small group of big tech stocks may be powering the overall markets higher investors apparently are not necessarily feeling the rest of what is offered here according to the data from lseg lipp

we go back over to silvana henao. silvana. >> frank, let's start. a.i.posing sanctions on two new york lawyers who submitted a legal brief to the court one included six fake citations generated by chatgpt the two attorneys now have to pay a $5,000 fine, but maintain it was simply a good faith mistake. >>> if you got engaged yesterday and you love onion rings, burgerfi said to submit proof of the engagement from june 22nd or national onion ring day on facebook winners will receive one year's worth of rings. >>> and zuckerberg and musk cage match moving a few steps closer to reality with the tesla ceo saying he pay want to recruit joe rogan to emcee dana white says he has been texting with the two ceos adding they are quote deadly serious about the fight. forget strictly fisticuffs musk is in favor of going full mma, frank >> two billionaires fighting in an mma i want to bounce something off you. draftkings says mark zuckerberg is the favorite. are you a gambler? >> i'm not >> you have to bet $160 to win $100 on the meta ceo but musk is the favorite on ano

off our list brie, thank you for joining us >>> we want a look at the top corporate stories with silvana henao. great to see you, silvana. >> good morning, contescontessa jpmorgan chase's ceo jamie dimon is planning to visit taiwan after wrapping up the trip to china amid high tension with beijing and washington according to reports, dimon is set to arrive in taiwan today as part of the trip across asia and will meet with 500 local employees and customers. >>> chinese ev start up li auto delivered twice as many cars in may versus a year ago marking the third trstraight month li ao deliverables from competitors. >>> and meta will require employees to return to the office three days a week starting in september joining amazon and alphabet in reversin course a meta spokesperson said they started notifying employees yesterday and confident that workers can make a meaningful impact from the office and at home contessa three days a week. >> silvana, thank you. >>> let's look at futures this morning as investors wait for the monthly jobs report. you can see green across the board. we are watching the

. >>> let's stick with germany and get a check of the corporate stories with silvana henao silvana, good morning. >> frank, good morning intel will spend more than $33 billion to develop two new chip factories in germany as part of the larger european expansion. olof scholz calls this the biggest foreign investment in germany ever berlin is agreeing to subsidies worth north of $10 billion of the that is more than the $7 billion initially reported >>> in the surprise move, alibaba is replacing daniel zhang with eddie wu. zhang will leave role as chairman of the board and s succeeded by jack ma and joe si. this comes after the restructuring to boost growth at the individual divisions >>> adobe's $20 billion deal for figma is under the microscope in europe the tie-up is set to face an investigation into the deal that could threaten competition in the digital design market. you can hear more about this probe and more tomorrow when we speak with the head of the eu task force at 5:15conversation a lot of people think the eu is ahead of the u.s silvana, thank you. >>> more to come here on "worl

here is silvana henao with more. silvana. >> jay powell affirming that more interest rates likes hikes ahead. powell added that nearly all of the fmoc participants expect further interest rate increases into the end of the year >> 16 of the 18 participants wrote down they do believe there will be a raise and big majority believes raise rates twice this year that is a pretty good guess of what will happen if the economy performs as expected >> frank, powell adding that the fed is far from the goal of taming high inflation. >> we are talking about that throughout the show. silvana, see you in a bit. >>> turning attention overseas and seeing red arrows across the board in europe. this morning, powell not only game in town investors are waiting for the latest decision from the bank of england. it is not expect ed to follow te fed. julianna tatelbaum is joining me from london. good morning >> good morning, frank it is not poised to follow the fed, not after the red hot inflation report a rate hike is baked in for the decis

pictures from gina sanchez thank you, ladies. >>> let's check on the top corporate stories with silvana henao >> dom, good morning i'm back let's start with the u.s. reportedly ramping up warnings to american executives about dangers of doing business in china under amended law the wall street journal says the counter intelligence released a bulletin that the revised law is vague about what mccocon constis espionage and turning what would be considered normal business activities into criminal acts. >>> canada's department of justice concluding the microsof deal to buy activision is likely leading to less competcompetiti. reuters reporting the letter which was sent to microsoft this week and was put on the docket of the ftc court proceedings yesterday as microsoft presses for a decision before the july 18th termination date. >>> bed, bath & beyond selected dream industries as the winner for the buybuybaby brand hoping to keep the brand store alive. the terms of the bid have not been disclosed and bed, bath & beyond extended the deadline to july 7th >> thank you, silvana. >>> coming up on the s

. >>> time for the check on the top corporate stories with silvana henao. silvana, good morning. >> frank, good morning british chip maker a.r.m. is on the hunt for an investor to hike the ipo. intel is the number one contender. reports that the talks are in early stages and could still fall apart no word on the terms or size of the deal a a.r.m. filed for a u.s. ipo in april. this would make it the largest offering of the year no date has been set just yet. >>> netflix is in talks to live stream a celebrity golf tournament featuring prof professional golfers and formula 1 drivers. the event will feature celebrities from its drive to survive and full swing series. it would be the first live streaming event. this will follow april's botched love in blind live stream back in april >>> shares of oracle popping ahead of the open after posting a fourth quarter beat. also issuing up beat guidance by growing demand for the cloud offering, frank. >> oracle shares up% 84% in the pre-market thank you. >>> more to come on "worldwide exchange," including the one word th

. >>> time for a check on the corporate stories with silvana henao. >> thank you, frank. as joumanna mentioned, china's sixth biggest state banks cutting rates to boost spending and economic growth. china construction and bank of china are now offering 2.4% and 2.5% on three-year and 5-year term deposits. that is down 15 points from september. rep >>> reports this morning that fox news notified carl tu-- tuce carlson violated his contract after his show debuted on tuesday. >>> and now coinbase minutes with a block of 4,000 contracts of coinbase clips expiring friday hit the tape when the stock was trading over $61 a share. by noon, in new york, coinbase shares had fallen 12% and the options traded for as much as $1 that is a gain of almost 450%. >> very interesting move there i think a lot of people are watching and we'll talk about that today coinbase sarshares down this morning. z silvana, thank you. >>> the nasdaq hit the hardest in yesterday's session the index leading the losses for the week down 1%. speaking with cnbc yesterday, jpmorgan chase strategist was pressed

. >> arabile gumede, thank you >>> time for the check on the top corporate stories with silvana henao here is here in our newsroom here in the united states with our headlines. >> frank, good morning lordstown motors filed for bankruptcy and put it up for sale it happened after the pause of production of the pickup truck this year. it resumed rebuilding in april, but at a lower rate. they will also file a lawsuit againstfoxconn it is accusing of failed promises in the ability to invest up to $170 billion in the ev maker. >>> and nvidia and snowflake partnership on a.i under the deal, the snowflake customers will build custom a.i. models with a tool kit from nvidia and infrastructure. the partnership may provide an alternative to companies concerned about chatgpt and proprietary information. >>> and robinhood is cutting 7% of full-time employees as it has falling customer engagement. the latest job cuts would total 150 workers and follows 1,000 job cuts from last year. >> and looking at shares up 1% in pre-market. companies are rewarding with reduction cuts. >>> and a lot more on "worl

. >>> time for a check on the top corporate stories, our silvana henao.ood morning >> frank, good morning to you. amazon web services is the world's largest cloud computing service provider is reportedly considering using amd's newly unveiled artificial intelligence chip, though, according to reuters, no final decision has been may this comes after the chipmaker yesterday outlined its new hardware and strategy for the ai market, one that is currently dominated by rival nvidia. here's amd ceo lisa su on "closing bell: overtime" yesterday. >> we've been working on this roadmap for many, many years you know, mi 300 is our newest generation chip, and, frankly, it's incredible. the amount of technology we have on this, 153 billion transistors. e mi 300 is actually designed exactly for this use case, and so we're really, really excited about it we've been really -- customers are super excited about it we're working closely with them. we will sample in the third quarter and be in production by the end of the year. >> a u.s. federal judge is putting a temporary h

chevron turning positive in the pre-market >>> looking at the corporate stories with silvana henao good, silvana. >> good morning, frank apollo is making an investment of $2 billion in the chipmaker wolfspeed. sources say the deal would make $1.25 billion available immediately to wolfspeed with another $750 million that could be drawn at a later time that debt can be paid after three years. the deal could be announced in the coming days. >>> opec says global oil demand will rise to 110 million barrels per day and that is an approximately 20 years the secretary-general saying this morning that oil is irreplaceable for the foreseeable future it will comprise 29% of the energy mix by 2045 opec adding the underinvestment in the industry will challenge the viability of the current energy systems and lead to an energy chaos >>> and ibm is reportedly close to the deal to buy cloud based software company apptio. sources close to the matter, the wall street journal says the $5 billion deal is more than double what vista paid for the company five years ago if confirmed, the deal would help ibm fu

s&p and dow jones fractionally higher for a check of this morning's top corporate stories, our silvana henaoorning to you. >> good morning. fed chair jay powell will head off to the capital he'll go before the house financial services committee today and the senate banking committee tomorrow as part of a mandated semiannual report on monetary policy. the fed chairman is expected to face tough questions on the central bank's plans for bringing inflation under control and how much further it will raise its key interest rate moving forward. >>> india's prime minister is set to continue his visit to the u.s. as he prepares for a sitdown with a number of american executives. sources tell cnbc tim cook and other ceos will be among those attending a white house day dinner with modi tomorrow. those sources at a separate meeting with tech leaders is also in the works for this friday with plans to focus on diversifying business away if there chinaer and this after tesla ceo elon musk met with musk calling the meeting, quote, excellent, adding that tesla will be in india as soon as humanly possible. >>

. >>> time for the check of the top stories with silvana henao >> frank, good morning u.s.al requirements for the biggest banks. according to the wall street journal, the move would involve forcing larger financial firms to boost overall capital requirements by 20%. the journal adds the precise amount will depend on the business activities with the biggest increase expected for mega banks the paper says that regulators could reveal the new rules as early as this month. >>> the wall street journal reporting cava is set to launch an ipo that may begin as early as tomorrow the paper adds that cava which filed for ipo last month and plans to sell shares between $17 and $19 each at the high end, that would value the company at $2.2 billion. >>> the latest animated "spider-man" movie swinging to the top at the box office. pulling in more than $120 million in the debut now that marks the second biggest opening weekend of the year and the third biggest opening weekend for any "spider-man" film. frank. >> silvana, you are excited. >> i want to watch it. >> last time we talked, it wa

silvana henao is here with those. >> hey, dom. good morning the biden administration is apparently considering new curbs on exports of chips for artificial intelligence to china. according to reports, the commerce department could unveil the updated controls as early as next month the move would be part of a final rules expanding measures first announced in october now, that cut off the most advanced ai chips by nvidia and advanced micro devices shares are falling ahead o aerod leaders of its company are set to vote on a four-year deal which improves on a previous offer of health insurance and wages tomorrow now, if union members approve the agreement, it would wrap up a dispute that's threatened output for customers including boeing ja and shares of regeneron looking to bounce back after shedding 9% in yesterday' session after the fda declined to approve a higher dosage of its treatmentst it was due solely to an ongoing review of a third-party filler, suggesting it could still win approval down the road, dom. >> regeneron shares

. >>> outside of the fed, let's get to the corporate stories with silvana henao >> frank, good morningd the contract talks involving port workers on the west coast reaching a tentative deal julie su announcing the an agreement on the six-year deal last night and exact terms of the deal have not been released. the workers union had been seeking a bigger share of profits when cargo shipments surged during the pandemic >>> shares of cava is set to make a public debut and today after pricing the ipo at $22 per share is above the expected range. the restaurant chain is valued at $2.5 billion. shares will trade on the new york stock exchange under cava >>> citigroup financial officer is warning the trading is down for the quarter. speaking at the conference, mark mason said the congressional debt ceiling drama weighed on the activity of the period mason adding that citi's decision to cut 1,600 jobs for the second quarter causes expenses to climb compared to the first three months of the year >> something to watch. silvana, thank you. >>> investors are still reviewing the latest monetary poli

. >>> let's get a look at some of the top stories this morning silvana henao, good to see you. >> goodeu is expecting to take fresh action against china's wowway officials are weighing a mandatory ban on member states using companies that might pose a security risk in their 5g network including huawei it stems from certain international numbers drawing out, taking steps. reddit becoming the latest company to trim head count the online forum is cutting p 90 jobs that's about 5% of its positions. they'll slow hiring as part of its restructuring efforts. priceline becoming the latest company to jump into the ai chatbot craze. the booking holdings unit announcing a new partnership with google cloud tapping into its generative ai tools to allow travelers to chat with a chatbot in a conservational way when making online booking. ai will help customers make more thoughtful decisions on where and when to travel and help commerce and employees speed up response times, contessa. >>> a developing story and the ongoing s.e.c. crypto crackdown. just 48 hours after charging binance with securities f

our silvana henao, thanks. >>> a pair of bullish analyst notes on two big names in the space. there's ownership on the desk. our "calls of the day. first a quick message as cnbc celebrates pride month >>> the lgbtq plus community is not a monolith there's lots of letters for lots of reasons, but those letters and identities intersect with race and ethnicity and disabilities, and so really focusing on setting an environment where people feel like they belong or they feel that safety in being themselves is what companies can do right now to make sure that people can show up as their best self ♪ old school wisdom, with a passion for what's possible. that's what you get from the morgan stanley client experience. you get listening more than talking, and a personalized plan built on insights and innovative technology. you get grit, vision, and the creativity to guide you through a changing world. ♪ this is dr. arnold t. petsworth, he's the owner of petsworth vetworld. business was steady, but then an influx of new four-legged friends changed everything. dr. petsworth welcomed these