on the 3rd day of the republican convention in milwaukee introduced by his wife on state street events, use the story of his stuff, a bringing in a prime time speech to showcase himself to american voters. the 39 year old ohio senator has criticized trump in the past, but heaped rays on the form of presidents as he formerly accepted his vice president combination. yeah, some of our j events have to say to delegates. president trump's vision is so simple and yet so powerful. we're done, ladies and gentlemen, catering the wall street we'll commit to the working man we're doing importing for labor. we're going to fight for american citizens and they are good jobs and they're good ways we're done by the energy from countries that hate us. we're going to get it right here from american workers in pennsylvania, in ohio, and across the country. we're done to sacrificing supply chains to unlimited global trade and we're going to step more more products with that beautiful label made in the usa. the the bottom shall stop and was listening to that speech into john be now for more in the studio,

let's get the view from state street's head of equity research.o position, how to think about the politics of france. are you relieved by what you have seen over the weekend? would you position and lean into this move on european and french futures? >> we were quite skeptical about an outlook for europe relative to the rest of the world. even before elections, even actually before the elections were called. our key point was that, i mean, european earnings outlook looks very vulnerable. europe is very cyclical economy and economy slowing everywhere. that is what central banks wanted to achieve by hiking interest rates so european earnings were problematic to start with and then we have this huge political uncertainty. everything goes down. i will say, i read this morning is that the results, the first trial -- we don't have final results. it may be not as bad as people were worried with still, i mean, education -- it's very difficult inference. you have a choice between hang parliament and far right government so neither of those sound particularl

about a 10% correction, even people who are bullish on the market -- we spoke to an investor at state streetey said even with that potential drawdown risk, there is optimism through the other side. another person we spoke to about this uncertainty around the elections, greg jensen from bridgewater. one of the things he said to us was that he sees a lot of fiscal risk as well. he wouldn't go so far as to say whether he would put the petal on shorting the long end of the curve, but another part of the market that he was sunny about, ai. let's listen to what he had to say. >> i expect over the next five years, so much of what you may investors and analysts can do, can be better with machine intelligence. that has been a journey for me. i've been looking at this bridgewater system based on human intuition being translated into algorithms. sonali: greg jensen was one of the early investors in openai and anthropic. bridgewater is also heading a lot of ai risk as well, the impact it may have on stocks. it will be interesting to see how that plays out. scarlet: howard marks, greg jensen, who else do

meanwhile, black rock, state street, vanguard, the heads of all these hedge funds are meeting to have biden removed from the ticket because he can't win. that's the, that's the belief, and they want to bring an 11th hour can. that can upset trump, these are the narratives in play. um, i don't know, it's hard to, it's hard to know, i mean sometimes a cigar is just a cigar, maybe this was alone shooter, and he missed, and he was killed, but whenever assassins are killed, it precludes their interrogation, so we will never know the motive presumably, it's it's always, it's always a hugely suspect topic, and theories are going to multiply uh exponentially on social media now uh this is like a machine for mems trump mems are going to multiple trump trump mems will be viral now um i don't know i think it's a it's an inexplicable event in some ways because the most obvious explanation makes no sense trump's already ahead he didn't need heroic picture on the band stand um and and frankly foreign policy between trump and biden isn't going to change much anyway, uh, trump is rabidly pro-zionist,

- hey, get down to state street! they're occupying macaroni grill! - oh, hell, yeah! i'll occupy me some goat cheese peppadew peppers! ♪ ♪ >> announcer: from the most trusted journalists at comedy central... it's america's only source for news. this is "the daily show" with your host, ronny chieng! [cheers and applause] ♪ ♪ [cheers and applause] >> ronny: welcome to "the daily show!" i'm ronny chieng. we've got a lot to talk about tonight. republicans leave unity on read, the trumps make nepotism great again, and we try to find a reason why j.d. vance won't suck. but let's start things off with the republican national convention in our continuing coverage of "indecision 2024." ♪ ♪ [cheers and applause] last night was night two of the rnc. and it's been a very unusual convention because someone shot the candidate four days ago. and the media consensus after this was that this week would be about healing. >> the attack on trump has changed the story line and the tone of this convention with the former president calling for unity. >> something has fundamentally shifted h

creedence is because the large money mafia powers in the world, everybody from blackrock to to to state street and all these mega corporations, they're so infiltrated by zionists and and and jewish extremists that actually they do also continue supporting israel and they allow it to to remain credible on the international circuit, it should have been wiped out long ago for the crimes it's committed on humanity for so many years, it isn't because the people the criminal. 'who control most of the money power and the the western establishment through that money power and that influence, they they're protecting israel. all right, let me get final question to you, if i may you when you read through some of the news in particular looking at the us reaction, the us secretary of state anthony blincan uh has as is focus the idea of a ceasefire agreement here, doesn't that seem so far fetched at this point? i think that the situation now is in another level'. "the cease fire agreement is not really a high priority any longer given the fact of what has transpired, you know, i cannot believe what anthony

platform and going for the financial marketplace and alternatives to the likes of blackrock and state streetd and that's why i founded stride, asset manager and financial institution that competes directly against them. that's going to require citizens in the private sector saying there's opportunity here as entrepreneur and skills outside of politics and going through the front door and setting down the deep state and also a private sector center of alternatives that fill that vacuum and both of those will be requirements for reviving the country. >> i think so too. we have independent sources and they're very, very good and i'm involved in several of them and different platforms. >> i'll circle back to this debate and the media are telling the democrat party get rid of biden is replace him. the same media this was the guard protecting biden and their influence and they're likalgia xeroand clips aren't legitimate of him shuffling around and the media say they're not legitimate. same thing over and over again and it's a prop began data committee operation and not multimillionaires and can't

tim graf at state street global advisors. >>> coming up on the show, the polls suggest the far rightould come short of the parliamentary elections on sunday. we'll have all the latest after this break. >>> welcome to "street signs." i'm silvia amaro and here are your headlines. >>> in asia, japan antd taiwan' benchmarks hit all-time highs. >>> and the auto parts maker says robust chinese demand will offset sluggish demand in europe. >>> new polling predicts a hung parliament in france and the far right falling short of absolute majority following the second round vote. >>> and nbc reports joe biden is torn over whether or not to step aside. >>> as we approach the second round and final voting in france, the party of marine le pen is expected to fall short of the majority in sunday's election, according to the latest polls. of course, charlotte continues to follow all of the twists and turns out of france. charlotte, do we have any more clarity as we approach the vote on sunday in terms of what we will see in the parliament in france? >> it's complicated. it's interesting because the

welcome to the mdy mid-cap cup, presented by state street global advisors. today's challenge is to play 9 holes without the middle of your bag. how does that sound? that sounds terrible. ♪♪ ♪♪ ♪♪ ♪♪ lyles will need a good leg here. can he deliver? here comes the pass! look at this kid! coming in tight on the line. team usa, what a run! it's gold for team usa. noah lyles with another gold medal. in case there was any doubt, who was the breakout star of these world championships. >>> last week was a huge one for ipos. there are three other big ones including one that might be worth owning. i'm talking about a company called concentra. just sold off by its parent company and began trading independently last thursday. this caught my eye. we have a bull market in healthcare providers. all reporting amazing numbers, i would not be surprised if concentra is doing just as well. they love it when big companies break off to smaller to own businesses. let me walk you through this one. there are 547 occupational health seekers. across 41 states with 151 on- site clinics

yeah, the state street van. the challenge with having veterans directly involved is to, for the 1st, is that they bring a certain expertise they might bring in organizational skills or military skills that can make a movement more dangerous to format. let's go. the 2nd thing that's disturbing, however, is particularly in our society, veterans have legitimacy. they have a particular place of respect. and when we see veterans involved in something, it gives some component of legitimacy to that cause i've not been a part of any militia beforehand, but once they opened up and said that they were doing, i'll just be eliminated. you know, i've seen my city on fire. i was just like, i've had enough reached out to my local militia. i've been with them ever since a yes or that when you're vulnerable and you're looking for family. cuz that's what the people you serve with. are they look like they could be family? they look like they can provide you that sense of purpose, that mission lottery that you had in the military t

welcome to the mdy mid-cap cup, presented by state street global advisors.le of your bag. how does that sound? that sounds terrible. ♪♪ ♪♪ ♪♪ ♪♪ this is remington. ...he's a member of the family, for sure. we always fed them kibble— it just seemed like the thing to do. but ...he was getting picky we heard about the farmer's dog... and it was a complete transformation. his coat was so soft, he had amazing energy. he was a completely different dog. it's a no-brainer that (remi) should have the most nutritious and delicious food possible. i'm investing in my dog's health and happiness. >>> let's give you a quick check on the markets on a day where the markets are nowhere as hot as the temperature. down 40 for the dow. about 0.1 of 1%. the others were basically around the flatline. nasdaq doing a little better, which was up 0.10 of 1%. i think bespoke recently tweeted about the correlation between weather and the stock market. >> is that right? >> they need to -- >> it's too hot to trade. there's the nasdaq with 29 points at this hour. >> three minutes left in t

welcome to the mdy mid-cap cup, presented by state street global advisors. is to play 9 holes without the middle of your bag. how does that sound? that sounds terrible. ♪♪ ♪♪ ♪♪ ♪♪ >>> welcome back to "worldwide exchange." looking at a live shot of 10 downing street where there is a changing of the guard as rishi sunak loses big in the election. sunak is expected to speak in a few minutes. we are looking at the currency rea reaction. the pound-sterling is higher. stock markets around the world are mixed. futures in the u.s. are mixed a bit as well. >>> u.s. investors are keeping an eye on europe and the jobs report expecting to show softening. we dig into one area as amazon is looking at 30 years. we will look at what ceo andy jassy may have up his sleeve to push the tech giant forward. it is friday, july 5th, 2024. you are watching "worldwide exchange" here on cnbc. >>> welcome back to "worldwide exchange." i'm frank holland. we will have the latest on the uk elections in a moment. let's pick up the half hour of the u.s. stock futures. the s&p is fractional

welcome to the mdy mid-cap cup, presented by state street global advisors.t the middle of your bag. how does that sound? that sounds terrible. ♪♪ ♪♪ ♪♪ ♪♪ doors take us places. so you bought a place. to new adventures. -oh. mwah. -planned... -and unplanned. -surprise! -they lead to goals. -for you, mama. and connect us to family. i didn't get the part. your dedicated fidelity advisor can help you open those doors. but i did get waiter number 2. because they know you. they can help you create a comprehensive plan for your full financial picture and personalized money management with the right balance of risk and reward. doors were meant to be opened. two imagining your own money being less daunting when you have a translator. to help you with the terminology that experts use. that's why i have been giving you my wall street gibberish to english dictionary so you can see the understanding -- i have to get to the essentials of investing. that's what i do for a living. so far i have been explaining the complicated pieces of jargon that are pretty simple. things

welcome to the mdy mid-cap cup, presented by state street global advisors. is to play 9 holes without the middle of your bag. how does that sound? that sounds terrible. ♪♪ ♪♪ ♪♪ ♪♪ >>> welcome back to "worldwide exchange." we are watching shares of european luxury companies hit hard on the warning from burberry. arabile gumede is joining us live from london. arabile. >> frank, a hard hit here for burberry. it has been a hit for the stock as well as swatch and lvmh and kering which owns gucci in the overall picture. yes, you are seeing the negative trend, but the cac 40 is driven down by the retail luxury stocks, i should say, and is off the back of burberry. the ceo jonathan akeroyd and replaced with joshua schulman. this as the house reported disappointing first quarter numbers and suspending its dividend. this is the worst day for the stock in a decade. 15% weaker overall. this has really rippled through the rest of the luxury sector. in fact, so much so, you see negativity across the board for these. lvmh managing to go down 1.4%. hugo boss down 2.4. as y

welcome to the mdy mid-cap cup, presented by state street global advisors.oday's challenge is to play 9 holes without the middle of your bag. how does that sound? that sounds terrible. ♪♪ ♪♪ ♪♪ ♪♪ they started as dreamers. but today, they're stars. follow every moment of team usa on the network that brings you legendary speed and reliability: xfinity mobile. with xfinity mobile, you'll have the most powerful mobile wifi network with you on the go, with exclusive access to speeds up to a gig in millions of locations nationwide. and right now, xfinity internet customers can buy one unlimited line and get one free for a year. get the fastest connection to paris with xfinity. >>> it is just about 5:30 a.m. in the new york city area. there's still a lot more ahead on "worldwide exchange." here's what's on deck. stocks look to push to new records. we look for opportunities outside of the magnificent seven. >>> guilty plea. boeing looking to plead guilty over the 737 max crashes. >>> it is monday, july 8th, 2024. you are watching "worldwide exchange" here on cnbc.

welcome to the mdy mid-cap cup, presented by state street global advisors. today's challenge is to play 9 holes without the middle of your bag. how does that sound? that sounds terrible. ♪♪ ♪♪ ♪♪ ♪♪ (reporters) over here. kev! kev! (reporter 1) any response to the trade rumors, we keep hearing about? (kev) we talkin' about moving? not the trade, not the trade, we talking about movin'. no thank you. (reporter 2) you could use opendoor. sell your house directly to them, it's easy. (kev) ... i guess we're movin'. >>> over the past year, we finally started getting through our covid era medical backlog with people catching up on non urgent procedures. that's been horrible for health insurers that have to pay for it but it's terrific for the medical device companies that are used. we saw a shining example when intuitive reported a spectacular quarter. they make machines for robot assisted minimally invasive surgery. even though the stock had sold off this month as the laggards played catch up, that all changed with the report. see, these guys delivered strong sale

don't want marshall state main street because i'm probably going to make you, i'm comfortable. my show is called direction, but again, you probably don't wanna watch it because it might just change the way you the this is set for a center for sponsor, 1st known as setting to store the committee of the company, the letter soon i made a return your defensive read it just, it would be due to the same. yeah. see the criteria to that you're seeing the clips . so most of things do. it's a beautiful book, india, you just put it into more real quick sheet, the private and look at the with the name and the doctor's office, or any of us mostly to prose me and say, doing this stuff. the one you upside with me. at least the persistence, but some of those you, me to this, the scared of the machine that you put that was a pretty sure on the part of the plane was used to born in the religious you believe the patrol thing and the key to to you to be was most as to look at the result of putting a to the cost for the adults told them, you know, somebody comes to go the car and then to keep it, b

don't want marshall state main street because i'm probably going to make you uncomfortable. my show is called stretching time, but again, it's not, we don't wanna watch it because it might just change the way you a center for sponsor, for as long as you store the committee of the, the combined the percentage soon i need to return your defense. i believe it's just that it would be due to the same. yeah. cbs criteria to that issue. now, flipped stores, this thing is due to be looked into. you need to know if i keep the private and look at the with the name and the doctor's office or any of us mostly to prose media. so you missed that the when you upside with me because the for simplest. but some of those you, me to this to scare you, but that was a pretty sure on the part of the plane was we used to born in the religious you believe the patrol thing and the key to to you to be was most is to looks like the a, to the cost for the adults told them, you know, somebody comes to go, the craig and then the kids get, but often doesn't. despite evolution of the charlotte with physical

that the united states is sending hundreds of billions of $1.00 to $4.00 analysts were against russia, a proxy war and ukraine given to us the 3 cycled through so that it ends up on main street usa rather than it is a landscape of voices or internet and the advocates as well in most as that's true, much of the money never leaves the united states is really just contracts being signed with military industrial complex uh, contractors. but those are, those are the those are capital intensive industries. there's not many workers there are actually, most of most cities in the united states do not have large numbers of industrial enterprises pumping out weapons. it's a, it's a very high tech industry is very capital intensive. it's not labor intensive. and a lot of the sub contracting actually is taking place outside the united states. so the idea that this is a great boon economic benefit sort of a sort of a poisoned benefit that accrues to american workers is largely a fiction. but it's part of the demagoguery of the 2 parties who is, who always say, as you mentioned, blinking solomon those, oh, it's good for american jobs. this is the same thing. reagan, bush, george, w, bush b

welcome to the mdy mid-cap cup, presented by state street global advisors.ay's challenge is to play 9 holes without the middle of your bag. how does that sound? that sounds terrible. ♪♪ ♪♪ ♪♪ ♪♪ [♪♪] your skin is ever-changing, take care of it with gold bond's healing formulations of 7 moisturizers and 3 vitamins. for all your skins, gold bond. >>> welcome back. cnbc is getting ready to reveal this year's top state for business. ahead of that big reveal, let's take a look at how we got here and the changes to methodology this year. scott cohen is in the winning state already. >> as you know, kelly, there's always now a tradition in the 17 years we've been doing this. som we have ten categories of competitiveness. this is what has not changed in the years we have been doing this. we weight them according to how they're being talked about in state economic development, marketing materials. this year, for the first time, infrastructure rises to the top. it's a race to rebuild american supply chains, fueled by massive government money. we look at roads, bridges,

welcome to the mdy mid-cap cup, presented by state street global advisors.e is to play 9 holes without the middle of your bag. how does that sound? that sounds terrible. ♪♪ ♪♪ ♪♪ ♪♪ [inner monologue] i needed some help. good thing i knew someone... ♪♪ or... some-thing. [a.i. copilot] glad you called, j. [a.i. copilot] it's time for an upgrade. awesome. ♪♪ [inner monologue] i knew what i had to do. because they never stop. no time to waste. this isn't sci-fi. this is precision ai. ♪♪ >>> welcome back let's get a quick check on the market the dow is down briefly 500 points the sell jooff is broad based. we have seen it across the nasdaq, s&p and even the small caps. >> and amazon is down as it's wrapping up for the prime event. annie palmer covering amazon tonight she's writing about the record sales how big of an event was this for amazon, not just including the kindles and echoes that they sell >> reporter: yeah, once again amazon is really touting record sales that they saw during prime day. they don't typically rae lease total sales from the event, but we

state street was there, fidelity was there, you name it.a lot of institutional big time players that are now dipping their toe or not fully jumped into the water on the bitcoin side. i will say it has become more mature. it was a lot of excitement, and a lot of fun and people were amped up to have trump there were over 10 other congressmen and women at the conference. it was almost political in a way too. ed: the headline is that trump has promised to make bitcoin great again, which is good for headlines. as soundbites go. but also talked about sec chair gary gensler saying he would replace him if he is reelected, with somebody that loves crypto. how did that go down with the industry, investors, the community around bitcoin? james: he gave a really long rambling speech, as trump often does. the one thing that got the crowd the loudest, by far, was him saying on day one, i will fire gary gensler. i'm pretty sure he does not technically have the ability to do that. that is standard when a new president comes in, they try to turn it over and

welcome to the mdy mid-cap cup, presented by state street global advisors. play 9 holes without the middle of your bag. how does that sound? that sounds terrible. ♪♪ ♪♪ ♪♪ ♪♪ what is cirkul? cirkul is what you hope for when life tosses lemons your way. cirkul is your frosted treat with a sweet kick of confidence. cirkul is the effortless energy that gets you in the zone. cirkul, available at walmart and drinkcirkul.com. >>> welcome back. the fourth of july is right around the corner, and if you want to swim in a pool or play pickleball, you don't necessarily need that country club membership. swimply allows users to list their own pools and yards for others to rent. how is demand looking and what do the neighbors think? derek, welcome to "the exchange." good to see you again. >> thanks for having me, kelly. >> sounds like you're expanding your recreational offerings, this isn't just pools anymore? >> yeah, you're exactly right. we have really expanded across all the home amenities, so recreational spaces by the hour. it's not just swimming pools, it's hot tu

our markets primarily in the form of exchange traded funds of the blackrocks and vanguards and state streets the chinese companies that problematic in the united states when you talk about listed companies so i would urge the speaker and the team there to take a close look at the coverage of the legislation, but otherwise i'm very encouraged that it's on a priority list at this juncture. maria: these are really important points and this is why the special that we just did, which is now on fox nation, streaming right now, you were an important part of that new fox nation special, underwriting the enemy. we exposed how american investors are footing the bill for the ccp and you make a good point that if you're just looking at the 260 companies that are traded on the new york and nasdaq, perhaps you miss the other ones on the over-the-counter exchanges. explain why this is so important and what investors need to understand as you did in our fox nation special, streaming now. >> well, i would just say, maria, although i have a bias, the special was especially rich in content. there was avalanche

welcome to the mdy mid-cap cup, presented by state street global advisors.'s challenge is to play 9 holes without the middle of your bag. how does that sound? that sounds terrible. ♪♪ ♪♪ ♪♪ ♪♪ [inner monologue] i needed some help. good thing i knew someone... ♪♪ or... some-thing. [a.i. copilot] glad you called, j. [a.i. copilot] it's time for an upgrade. awesome. ♪♪ [inner monologue] i knew what i had to do. because they never stop. no time to waste. this isn't sci-fi. this is precision ai. ♪♪ ♪ >>> welcome back to "the exchange." i'm kate rooney with your cnbc news update. a russian court convicted "wall street journal" reporter evan gershkovich today of espionage and sentenced him to 16 years in prison. the verdict came after a secretive trial and could potentially pave the way for a prisoner swap. gershkovich and t journal have strongly denied the charges. >>> yemen's iran-backed houthi rebels claimed responsibility today for a drone strike near the u.s. embassy in tel aviv. the israeli defense forces say one person died and several others were injured in

don't marshall state main street because i'm probably going to make you uncomfortable. my show is called direction, but again, you probably don't wanna watch it because it might just change the way you the building my inner car. i'm getting an image here of the building of the united socialist body of it is well a headquarters in color pause. this is very typical for the cold, the color revolutionists, the green goes design. nicholas which are a points the thing the us for organizing at a temperature to crew in venezuela, outsides with leaks, exposure says that the food accusations against president, all based on us v i a length of time i have the scales and as well as why says to me and i to yeah, that's been a good it's attention most of.

don't want marshall state main street because i'm probably going to make you, i'm comfortable. my show is called direction. but again, you probably don't wanna watch it because it might just change the way you the in the early days, had a very creative lunch. peanut butter mayo and tune on day not thread. i found that the highest blood sugars were after lunch. so i said, well, if lunch is the biggest culprit, it must be because the carbohydrate. so i'm going to eliminate the bread and eliminate the peanut tighter. and i'll just have the tuna fish and mail and a solid whammo. the amount of inch when i took for lunch dropped dramatically. and the blood sugars after lunch became predict. i decided at that point that i had to get this information out and that the doctors would bend over backwards. so the 1st thing i did was approach my own doctor who is present to the american diabetes association. and people come to me once a month for blood sugar. if they could measure it themselves, i'd have no patients, no one would come to see me. i wrote a, it was, i took the step by step. wh

don't want my show state main street because i'm probably going to make you uncomfortable. my show is called stretching time. but again, we don't wanna watch it because it might just change the way inside the when the rebels announced an interest in negotiations, the official launched active hostilities and the library and a half. let's begin to bomb rebels supply basis. on the morning of november, the 6th, 2004 to ivoly and air force su 25 planes, foamed french contingent positions invoking the 1000000 french service men and an american civilian specialist. died in the right. despite the assurances from the government and personally from president, little incompatible about the tragic mistake and not being involved in the strike. over the following days, old ivoly and military aviation was completely destroyed on the ground and in the with human casualties. doug, see the move process so but it takes a good no, so you would have to do it sooner advise me to i'm ready then one would have to and i don't know if you did the difference in the car to the best of this i guess you

take care on state street. the conflicts of crises was every single connection mapped out shows the geophysical reality. the on the board is what makes things the way they are mapped out, navigating a changing world. now on youtube, the so my days thoughts are so for in the morning we are in this house of friends near my site. and we are to, to bring this company on 102 minutes to the site. the key launch, the energy landscape is in flux worldwide. the reality is, demand for energy is growing. wagner, in a cubic st date, the issue of energy has become very urgent. and in order to address the problem of this planet, we have to work for us that i think, fusion for the, the game changer. we urgently need safe and clean sources of energy for our planet is nuclear fusion. the answer to the energy and climate crisis will scientists and engineers be able to unleashed the potential of fusion before it's too late? 100? yes. well, energy island grandchildren scripts mission, ultimately the discoveries of our research bel

welcome to the mdy mid-cap cup, presented by state street global advisors. challenge is to play 9 holes without the middle of your bag. how does that sound? that sounds terrible. ♪♪ ♪♪ ♪♪ ♪♪ >>> welcome back to "fast money." earnings alert on viking therapeutics. the stock surging after reporting q-2 results and announcing it will advance its injectable glp-1 to phase three, and oral glp-1 to phase two. let's go to angelica peebles with more. >> they are saying after talking to the fda, they feel confident to move their shot into phase three trials. now, as you guys know, there was some talk about whether they would be able to make that move, or whether they would have to do more phase two testing. and they're meeting with the agency later this year to talk about what exactly that trial will look like. on a call with analysts tonight, they were saying it's too early to discuss details, what the dose will be, the triation schedule, and the granular details, but they still feel confident enough to bring that forward. now, they are saying that the fda guidance

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welcome to the mdy mid-cap cup, presented by state street global advisors. play 9 holes without the middle of your bag. how does that sound? that sounds terrible. ♪♪ ♪♪ ♪♪ ♪♪ >>> the nasdaq is lower as we just discussing. check out charles schwab moving lower. the nest interest margins coming in below expectations, down 9% now. having their worst day sense march of 2023. coming up, can tech keep taking the market to new highs? we'll ask the manager behind this five-star rated fund on microsoft, alphabet, meta and apple. we're back after this. energy fuels, a leading american uranium producer, is ramping up production to supply expanding nuclear markets and diversifying into rare earth elements, key ingredients in many clean energy and defense technologies. energy fuels. investment professionals know the importance of keeping their clients on track. sometimes they need help cutting through the noise, to ensure fresh investment ideas keep flowing, and to analyze the market from every angle. at allspring, we deliver the unexpected, by relentlessly exploring whe

welcome to the mdy mid-cap cup, presented by state street global advisors.les without the middle of your bag. how does that sound? that sounds terrible. ♪♪ ♪♪ ♪♪ ♪♪ doors take us places. so you bought a place. to new adventures. -oh. mwah. -planned... -and unplanned. -surprise! -they lead to goals. -for you, mama. and connect us to family. i didn't get the part. your dedicated fidelity advisor can help you open those doors. but i did get waiter number 2. because they know you. they can help you create a comprehensive plan for your full financial picture and personalized money management with the right balance of risk and reward. doors were meant to be opened. >>> welcome back. the retail banks have quietly had a stellar month. the kre up 19% in july, eight points higher than the broader kdw index. so as we're counting down to the fed decision tomorrow, let's get a pulse check from ceos of regional banks around the country. andrew samuels, chris snelly, and robert franklin join me now. they all join us from the community investor banking conference in new yor

welcome to the mdy mid-cap cup, presented by state street global advisors.ge is to play 9 holes without the middle of your bag. how does that sound? that sounds terrible. ♪♪ ♪♪ ♪♪ ♪♪ >>> welcome back. shares of amazon continuing to surge higher, the newly minted $2 trillion company is investing heavily in its a.i. future, planning to spend more than $100 billion over the next decade on datacenters. cnbc's jon fortt spoke with amazon web services ceo matt garmin in his first interview since taking the job. here's what he had to say about the future of generative a.i. >> that openai moment did galvanize companies to think about, okay, if the world is going to change, which it's going to, and i firmly believe that generative a.i. is going to completely transform every single industry out there in every way, shape, and form, and some of them, very materially. so, kind of delivering three more percentage points of margin is not going to help them if their revenue is going down, so i think people pretty quickly shifted to, how do i innovate, and how do i grow? as

i changed and whatever you do, don't want marshall state main street because i'm probably going to make you uncomfortable. my show is called stretching time, but again, you probably don't wanna watch it because it might just change the way the fit target president threatening to enter the middle east conflict to help gals in the comments. comment made a dramatic flared off between the idea on the pro tell us, getting his ball that militant group of the region, it just closer to full scale multi coming up on the program. former south african president jacob do not, is reported the expel from the ruling amc party oper more than 60 years as a member at follow days and uniformed opposition faction finishing 3rd in may, parliamentary elections. disturbing images from molly were r t sources have confirmed the presence of ukrainian mercenaries. buckner, p. n. c fighter seeking to sure the evidence was killed in a recent.

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sachs, flipping over to tuesday, tuesday we're looking at morgan stanley, bank of america, schwab, state street. wednesday, us bancorp. a bunch of these names here. how do lower rates affect these financials? i would think that they like higher rates, but then you play into this net interest income issue. >> so let's talk about what it actually means versus what the market wants it to mean, which are two different things. so one 25 basis point rate cut is not necessarily going to be enough to bring the significant relief to deposit cost which is what the market is looking for but i'll tell you a little bit about what the goldilocks scenario is, that the market wants to believe for the regional banks in terms of what that first cut means. first, it's of course what i just mentioned which is the relief from deposit costs and a relief from decline in deposit balances. the second be a little bit of relief in terms of cre. now you could refinance at a lower rate and a third be that the easing of fed policy will lead to loan growth which has been quite lacking for all of the banking industry so far t

welcome to the mdy mid-cap cup, presented by state street global advisors.s to play 9 holes without the middle of your bag. how does that sound? that sounds terrible. ♪♪ ♪♪ ♪♪ ♪♪ welcome to the now way to network... they switched to juniper's ai-native network. and now everyone's so productive, they're operating at a higher gear... that's the now way to network at work—with real ai—putting you in the fast lane. with absorbine pro, thapain won't hold you backrk from your passions. it's the only solution with two max-strength anesthetics to deliver the strongest numbing pain relief available. so, do your thing like a pro, pain-free. absorbine pro. >>> welcome back. second quarter earnings season shifting into high gear this week as investors brace for results from mega cap tech and the nasdaq rebalance from its worst week since april. alphabet kicks things off tomorrow after the bell. joining me now at post nine is alphabet shareholder doug clinton of deepwater. we had this crack this the nasdaq and all the related names, and in retrospect, everyone can say, t

i changed and whatever you do, don't want my show state main street because i'm probably going to make you uncomfortable. my show is called stretching time, but again, you probably don't wanna watch it because it might just change the waiting thing. the welcome back to all the parts with our jets things, global engagement director at the fossil fuel nonproliferation treaty initiative assess, thinks i come from russia, which is also a major oil producing country. and like many uh petra states, it has a somewhat padgett position on the street because on the one hand, it recognizes the need to limit the negative impact on the environment and assist developing countries in acquiring more modern were environmental friendly technology. but on the other hand, if it doesn't support or i think even doesn't believe in the phasing out of fossil fuels completely or speedily claiming that it's simply not feasible in some look house. what do you make of a disposition? the science has proven that on all many reports, including the biggest a party on climate science into the panel on climate change, m

gaza strip, the only thing, the only place that they have is just to stand, to stay and the states, those streets are still as you know completely devastated and destroyed over the incent attacks, we are talking about catastrophic situation there as the palestinian people actually are still under the heavy attacks and as i've mentioned the only destination that is available for the palestinian people is the middle area of gaz step which is completely overcrowded with hundreds of thousands of palestinian people. our correspon musab and central gaza city of dirral has details about latest israely attacks against the pardon we just share that with you condemnations are pouring in following israel passing of a draft bill to designate un agency for palestinian refugees as a terrorist organization palestinian resistance group hamas condemned the decision as invalid invalid that is and illegal said regime seeks to end a palestinian cause. the palestinian authority also slammed the decision as blatant violation of the un security council resolutions. jordan's foreign ministry also denounced the bill desc