. >>> let's check on the corporate stories with silvana henao >> contessa, good morning. treasury secretary janet yellen will travel to china the trip is intended to deepen and increase the frequency of communication and stabilize the relationship and avoid miscommunications and expand collaboration where we are >>> tesla delivered a record number of vehicles in the second quarter. topping the most expectations and demonstrating the value of the recent price cuts. the company says it delivered 466,000 cars between april and june that is up more than 83% from a year ago production numbers were higher at nearly 480,000. shares are set to extend some impressive year to date begins. >>> netflix is looking to develop new targeted and tailor made advertising to boost sales in the ad tier reports of the streaming service had high level talks with global ad firms about its new plans and floating the idea of episode ad campaigns tied to related shows. >> we were showing "the squid game." intern international programming may be more important silvana, thank you. >>> investors are g

. >>> time for the check of the top corporate stories with silvana henao. silvana. >> frank, good morning shares of united airlines. shares flying high after its q2 earnings and revenue topped expectations despite flight disruption at the new jersey hub. airline projecting a strong third quarter due to unrelenting travel boom led by return of international travel >>> china's envoy to washington says his country does not want a trade or tech war with the u.s., but will retaliate if the biden administration imposes more curbs on the chips sector. speaking at the conference, the envoy says the way to competition is defined by washington is not fair >>> a house panel on china is looking to crackdown on u.s. venture capital firms on u.s. a.i. the house commuparty said some companies receiving money have been linked to profiling and tracking of the uyghurs minority in china frank. >> the crackdown that could be coming there >> a lot there >> silvana, see you later on >>> shares of regional banks have been on the rise this week with the kre up more than 9% m & t an

coming in the studio thanks >>> time for the check on the top corporate stories withes he - with silvana henao silvana. >> good morning, frank looking to chatgpt, the google founder is getting back to work. he has been visiting alphabet's hq in recent months and up to four times a week to work with researchers to develop the upcoming a.i. offering according to the report, brin is convening weekly discussions on a.i. with employees has taken a lead role in new hires for the project. >>> bankrupt crypto currency ftx is suing sam bankman-fried and two others this is in an effort to clawback $1 billion ftx claims misappropriated in the months leading up to the collapse last year this is taking aim at a string of share wawards and real estate that the company says should be reversed under bankruptcy law. >>> and mets owner and investor steve cohen is looking to extend past flushing hmeadows. his asset management firm says he has taken a 5.8% stake in chewy. this coming after the company posted a surprise profit last quarter and forecast full year sales of $11.15 billion and $11.35 billion, frank. >

. >>> time for the check on the corporate stories with silvana henao. silvana. >> frank, good morning did you get on threads yet >> i did >> i haven't yet i might get there. 24 hours into the life and meta's threads is the number one free downloaded app on the google and apple stores. mark zuckerberg boasting more than 30 million users so far early success is not coming without a fight as twitter's lawyers accuse meta of quote systematic and unlawful m misappropriation of trade secrets and poaching former twitter staff. claims meta denies. >>> what is a rough week for stocks and meta is still holding on to gains. it is looking to open slightly lower in the pre-market. >>> turning to canada and the port strikes on the west coast the first instance of a widespread rerouting of ships to avoid the backlog. as of last night, two tankers bound for the port of vancouver changed course and heading to seattle. canadian labor officials remain in active talks on the impact of the slowdown of north american trade. >>> and the private equity firm backed by lvmh is co

a slower than expected recovery in china >>> time for the check of the corporate stories with silvana henao. silvana, good morning. >> frank, good morning largest conglomerate in india is closing in on the first home grown iphone manufacturer. tata group is buying the iphone supplier for $600 million. the plant employ 10,000 workers and assembles the latest iphone 14 >>> and nelson chai is planning to step down for uber. it is the most significant departure since the company went public in 2019 according to reports, chai informed the ceo of his intention to move on, but the timing has yet to be made. >>> and meta platform threads crossing 100 million users in five days. the launch dethroning chatgpt as the first platform to hit the 100 million user mark. it took generative a.i. bot two months to make that number >> it is like a button. >> it is too much to keep up with >> i was doing it at halftime last week. josh brown calls himself thready n mu murphy you have to get on threads >> fine. >> come on silvana, see you later on. >>> turning attention now to of the -- now to the markets. june c

. >>> time for the check on the corporate stories with silvana henao. rank, good morning the head of new york city's pension says it is planning to scale back its investment in equity markets speaking with the financial times, the cio said rising interest rates have changed the dynamic in terms of what you need to invest in. the $250 billion retirement system is one of the largest in the u.s. and it is reviewing long-term asset allocations for the five separate funds. he expects to see a shift from stocks to fixed income and high yield bonds and private assets and private credit and truck truck. >>> tpg is buying a unit of software provider forcepoint from francisco partners. the buyout will pay nearly $2.5 billion for the business unit. that is more than double what francisco partners paid in 2021. the journal says the deal could be announced as soon as today. >>> and talks around the ongoing strikes with the canada west coast ports has federal mediators stepping in. coming back to the negotiating table over the weekend after talks broke down last tuesd

. >>> time for the check on the corporate stories with silvana henao. >> frank, good morning microsoft is reportedly in talks about extending the deadline for activision-blizzard which is set to expire today. the extension would not kill the deal, but open the window for either party to walk away. in seeking an extension, it would ensure that activision is not wooed by another suitor. ahead of that, disclosures from warren buffett, he cut his stake to 1.9% in march. >>> state department sources tell reuters that national economic council director was among the attendees to the chips act meeting. it is finalizing plans for investment in china for cutting edge technology for a.i. and computing. >>> and for the first time since the 2020 debut, nbc universal's peacock is hiking prices on august 17th for existing users and new users. the price of premium with ads will go up by $1 to $5.99 a month. the premium plus plan is rising $2 >>> silvana, thank you very much checking on the markets as the marketsprepare to enter the thick of the earnings season many are looking to put money back in th

our silvana henao is here with those. >> hey, frank. good morning to you.he biden administration is reporting to prepare to restrict china's cloud come pugt access services the new rule if adopted would likely require ma'am a amazon and others to seek government permission before working with other customers. the commerce department is expecting to make things official in the coming weeks and comes one day after china imposed export restrictions on key metals used to make computer chips. meanwhile there's a new app that will allow users to retain followers from instagram and keep their same usernames. the rollout is a direct challenge to twitter which has faced numerous controversies since elon musk bought the building last year for $44 million. and shein is in talks with the new york stock kpainch and the nasdaq about a potential debut, but timing remains of concern as it's under scrutiny with the u.s. lawmakers over its labor practices and as a result may scrap plans. sh shein could be the biggest company to go public since the riding giant in 2021 at $60

. >>> let's get a check of our top earnings stories silvana henao is with us >> american airlines pilots is warning its contracts are in jeopardy they're going to vote on a four-year contract which includes a 4% pay increase and other benefits but reuters reports in a memo the union says the proposed pay rate and quality of life terms pales in comparison with united's tentative deal. a spokesman said the company will work with the union to make sure the pilots are taken care of >>> shares of carvana are tumbling after the auto online ret retailer tumbles they're supposed to post a second quarter loss. shares have rallied more than 6%% th 600% this year and microsoft shares are trading at a record-high the move coming after the company announced pricing for its new a.i. subscription service. it will cost an extra $30 per month and could increase prices for enterprise customers by as much as 83%, frank. >> big move for microsoft yesterday, up over half a percent this morning silvana, we'll see you later in the show. >>> turning back to earnings, and it's not just the banks. looking to tesl

silvana henao is here with those. good morning. >> good monday morning american airlines is streaming the offer by $1 billion. the new offer from american would bring the four year offer to around $9 million and match united pay rates, back pay and other benefits in response, american's pilots union says it is indefinitely postponing ratification while it reviews the new terms. shares of amc entertainment are surging ahead of the open after a judge in delaware friday shot down a deal that would have allowed the company to dump more shares onto the market in a statement ceo adam aaron's said the company has filed a revised petition for a stock conversion to address issues raised by the court. aaron also emphasizing that raising capital is critical for the company's survival. >>> and elon musk taking the next step in rebranding twitter. musk revealing plans to replace the social platform's iconic bird logo with a new yet to be decided logo featuring an x. announcing twitter's rebrand musk wrote on the site that, quote,

our silvana henao is here with more on that food morning to you. >> good morning. shares of bancorp surging after its open it's agreeing to be bought by smaller rival, banc of california two will provide $400 million in equity the deal values pacwest at 960 a share. that's 257 premium based on yesterday's closing price. shares of wells fargo also higher in the premarket after the bank said it will buy back $30 billion in stock wells adding its board also approved a previously announced dividend hike of 5 cents a share to 35 cents. watching a big bounce in the banks this morning, keycorp, truist and region all higher. >> regions, up 2% in the premarket right now. >>> a lot more to come on "worldwide exchange," including the one word that investors have to know today. but first getting set for the fed and why jay powell's track record with traders is far from ideal. >>> plus, showing investors how to think outside of the box. our weeklong look at ideas as it continues with some red-hot real estate players. >> and later what a tentative teamsters/u.p.s. deal would mea

okay, for a check of some of the top stories, silvana henao has those. >>> mike wilson issuing a rare apology saying he stuck with his pessimistic call on u.s. stocks for far too long in a feet to clients wilson says, quote, we were wrong and that 2023 has been a story of higher valuations than we expected with a note wilson's team is now shifting its 2024 s&p 500 target to 4200 from a previous 3900. trading like it's january of 2021, the short squeeze appears back in vogue. according to new data, the number of stocks among the top 3,000 u.s. companies with at least 20% of their outstanding shares sold short is now hitting the upper end of the historical range, even exceeding what we saw during the meme craze. carvana, novavax, lucid group and beyond meat has 40% of their outstanding shares being sold short and elon musk taking to x, the social media platform formerly known as twitter to explain the rebrand. in a late night post he says the twitter name made sense when it was just 140-character messages going back and forth like birds tweeting adding we will add comprehensive communic

. >>> this morning's other top stories and a big money mover, meta platforms silvana henao is here with that. >> shares of meta platform popping in the premarket they're forecasting higher than expected revenue for its current quarter after topping estimates for q2 meta says it returned to double-digit sales growth in its most recent quarter for the first time since 2021. mark zuckerberg touting its reels product. >> reels is a key part of this discovery engine and reels plays exceed 200 billion per day across facebook and instagram. we're seeing good progress on a reals monetization with annual run rate across the apps now exceeding $10 billion up from $3 billion last fall. >> meta shares are up 167% year to date. how about that >> how about that? shares up almost 8% now and looks like that run will keep going. silvana, we'll see you later in the show. >>> first, why it could be a tale of two food stocks as investors digest some unsavory results from chipotle as we look ahead to mcdonald's. plus, one of the country's largest power grids getting set for a possible state of emergency ahe

i'm silvana henao.accused of carrying out a deadly mass shooting in philadelphia monday to be held without bail police say he killed five people, including a 15-year-old boy in what they believe was a random rampage authorities say he had multiple guns and a scanner that tracked emergency response radio traffic and was wearing a bullet proof best and ski mask. >>> smallville actor allison mack has been released from prison early, pleading guilty if for her role in a sex trafficking ring >>> and the world just registered its hottest day since recordkeeping began. scientists warn that the july 4th temperature record was likely to be the first of many in the coming months citing the climate crisis and the el nino phenomenon. >>> let's get to bob and see what's moving, a steady morning so far. >> flattish but the market internals are weak 4 to 1 declining at the open. and the s&p 500 at a new high on monday, can't generate new highs at all big leaders, technology up more than 30% consumer discretionary stro