i think steve kovach has that for us. >> microsoft has actually won the case against the ftc for the -- ftc was seeking that preliminary injunction blocking the deal the judged has denied that preliminary injunction, meaning microsoft will likely try to go forward here in the u.s. to buy activision for $69 billion we have lines out to the ftc and microsoft about what that means. one other aspect here is this is not over, sara, because the cma, the regulatory authority in the united kingdom is still going over this case they're not expected to have a hearing on this until the end of the month, which is past the july 18th deadline still a lot of questions about how microsoft can button this deal up. >> steve, thank you. steve kovach seeing the reaction in activision shares up 4.3% or so want to get to david faber joining us on set. he's on the phone, of course clearly, this was a surprise, at least -- david had been reporting it was sort of moving this way and through the courts but you can see relief in activision shares. >> there had been so much momentum for those who argue that thi

diedra bow is a and steve kovach are here to discuss. all right. deirdre, lay this out for us given the fact that this is, i think, yet one more example of an internet company, of a social media company becoming an all in one, one-stop shop. >> and what's unusual about this is that it is a chinese one. i mean, chinese companies have traditionally had a lot of trouble moving into the west they haven't even tried to then tiktok came along and proved essentially that it could be a real competitor to american internet companies, like facebook so, you saw move and the chinese e-commerce companies begin to have a lot of success here they flooded the market with a lot of advertising, super bowl ads and gaining success and gaining american consumers tiktok is saying, hey, we want a piece of this also but i don't know if you used any of these, morgan or tyler, it's quite the experience it's not shopping as we know it. it is shopping with chinese characteristics. >> steve kovach, you're laughing at that. i think it's interesting we're getting this news, 24 h

steve kovach keep us posted on the conference call, as well. the context, as we just saw, 15-month high in microsoft ahead of earnings, tim >> it's almost like they dropped some of the spice from the earnings last week when you hear about the pricing on, you know, essentially the a.i.-based office platform at 30 bucks, and the presumption that the street has already been able to do. what the market did and it took it to fresh highs, or at least back to those old highs, is what it's done. the azure dynamics are things we're going to continue to hear about. so, you have a lot of saturation in cloud this is a place that -- i'm not saying that this is necessarily where microsoft is pulling its multiple it's clearly pulling its multiple right now on the software side. but to the extent that there's a lot of great news priced in here, and this is before we really seen follow through on some of these presumptions about a 30 buck a month, you know, office 365 >> so, the street was really expecting a pretty good number and they really hit it, and i'm ac

steve kovach, alphabet, what a day, now 5% now.ybe people wrote this company and its ai aspirations off too soon, thinking that microsoft was going to grab the whole pie. >> yeah, this one is interesting, scott they're up about 4.5% today on what it is calling biggest extension of its barred ai chatbot. this is the product that google rolled out after microsoft and open ai stole the early headlines with chatchatgpt bard is now available in more regions. they add the option to change the style of response, simple, short or long. they added the ability to upload in images so you can ask bard to give you more information about the picture or suggest a caption. chatgpt has major backing from microsoft. with today's moves, alphabet and microsoft are both up 40% year to date, outperforming the s&p >> we'll see what the next move for microsoft is because i feel like you're going to get this continuous anything you can do, i can do better as it relates to ai, steve. >> but it is not just that not just doing tit for tat feature thing. it is

we had the seven stocks that steve kovach was talking about earlier, up 85% seven stocks driving the returns. the majority of the s&p 500 up 2% to 3% not many investors are saying my s&p portfolio is up 14.5% and probably not the 30% of the nasdaq what you do is stick to your discipline and don't get swayed by the short-term market fads and market volatility. discipline is not a discipline if it is wafted around by the short-term trends. stick with the discipline. figure out real value and make sure you are still on track to meet the long-term goals i go to the first point and say should i rebalance maybe if you have some of the stocks with nvidia up 189% and should you trim some of those and redeploy money that may make sense to listen to contessa this morning. >> okay. if you are going to deploy some of your money that may have been sitting the sidelines and you missed the run-up to where we are on the nasdaq or s&p 500, where would you put the money now, michael >> you know, i think you follow that advice of hit them where they ain't remember that fundamental rule of buy low and s

optimism cnbc's steve kovach has more >> tech is the big iwinner drive by a.i. optimism and bounce back look at apple. up 49% this year hitting that $3 trillion market cap milestone last week. meta up 138% nvidia is up in eye watering 189% those incredible runs made the stocks more expensive relative to earnings going into the back half of the year take a look at the increase in forward pe ratios from the names from the beginning of the year through friday's close amazon from 51 to 74 microsoft from 24 to 32. earnings season starting in a couple of weeks putting pressure on the names to deliver. others to look forward to is apple with fall in demand for products iphone 15 in the fall will have to wow people. microsoft is still trying to close the $69 billion deal to buy activision, but investors are focused on a.i expect more product announcements through the year alphabet is looking to make money off a.i. tools like google docs and meta, zuckerberg's year of efficiency is appeases investors so far, but needs to show better monetization on reels we are waiting t

. >> i'm going to come to you in a second, josh i have breaking news i want to get to steve kovach on regarding microsoft. i'm guessing it has something to do with activision >> reporter: a look at microsoft shares better than 4.5% up right now because of a slew of announcements coming out of their inspire event in redmond, washington basically the big one here, scott, they're announcing pricing for their newai co-pilot feature for office apps like microsoft word and outlook and teams. it's going to cost $30 per user per month for companies that want to use that for example, here at nbc we use office apps as well so for every nbc employee they would have to pay an extra $30 per month the market really liking that headline in addition to that they're also announcing as a bundle product, the regular subscription to microsoft 365, a new bing chat enterprise it's an enterprise version that's kind of locked down you can feel comfortable putting private information into the work companies like apple and samsung and google banning workers from using chat gpt for work because of security conc

steve kovach is here to discuss the details. what are they doing and how?s, big ones monetization is the keyword out of this. so we finally got a pricing plan from microsoft today, 30 bucks per month per user for this ai co-pilot that's the chat bot they announced for office apps that we use here at nbc outlook, microsoft word, one drive, so forth. now we know how much they're going to be charging these customers. we're seeing the stock react to that let me put that number in context. that kind of sounds expensive, right? $30 per month per user. >> for companies >> but put that on top of what they're already paying most of these customers are paying $36 per month per user, add another 30 bucks on top of that that's a huge premium just for this ai product. so this -- event that microsoft is having inspire, try to sell businesses like ours all these new suites of products they have to convince these customers it's worth the 30 bucks per user per month now, they're also not saying when it's going to be widely available. presumably this year if they're announci

steve kovach keeping it interesting there with all those deadlines. >>> wall street buzzing about bobger today and the comments he made from david's exclusive interview this morning more details after the break we planned well for retirement, but i wish we had more cash. you think those two have any idea? that they can sell their life insurance policy for cash? so they're basically sitting on a goldmine? i don't think they have a clue. that's crazy! well, not everyone knows coventry's helped thousands of people sell their policies for cash. even term policies. i can't believe they're just sitting up there! sitting on all this cash. if you own a life insurance policy of $100,000 or more, you can sell all or part of it to coventry. even a term policy. for cash, or a combination of cash and coverage, with no future premiums. someone needs to tell them, that they're sitting on a goldmine, and you have no idea! hey, guys! you're sitting on a goldmine! come on, guys! do you hear that? i don't hear anything anymore. find out if you're sitting on a goldmine. call coventry direct today at the

cnbc technology corredent steve kovach jones us now. why is this happening? why the rebrand?nto decades from back in the days when he cofounded paypal in the late '90s and early 2000s. in fact, if you go to x.com right now, it will forward you over to twitter.com. this is all part of elon musk's plan that he kind of laid out at -- last year at the beginning of this whole process to buy twitter, in which he says ipts to build a super app. that's kind of an all in one app where you can shop. you can bank, you can call an uber or another ride sharing app. and look, this is very similar to what's a popular concept in china. wechat is perhaps the best example of that where it basically kind of compacts the entire internet into one app. elon musk is trying to re-create that here in the united states using twitter as that kind of linchpin for it. >> and steve, to be frank, it feels like a lot of these apps are mirrors each other, right? tiktok just announced today it's launching a way for more people to share text content. that's a week after meta rolled out threads. what do these m

steve kovach has the latest. steve?ah, like a soft one is case with the judge denying ftc's request to block the deal. ftc still has the option to appeal by midnight on friday, and it is unclear for now they will do that. in the meantime, our data favorite reporting, microsoft deal nearing a deal with uk regulators, the companies and markets authority after it rejected their transaction this spring. they were saying metasoft offered to divest part of its business, and could close the deal as soon as monday. as for the ftc case, the judge says it failed to prove microsoft would remove activision's hit game, call of duty, from playstation and make it exclusive to xbox. she also said ftc failed to prove microsoft would have an unfair advantage in cloud gaming. the decision raises questions about the ftc track record under chair khan, but it will continue. we are inspecting the ftc to sue amazon as soon as the summer on antitrust grounds. >> at beyond the metasoft story, let's focus on the gaming industry, because electroni

. >> steve kovach, thank you very much and bill kovacic. coming up, the u.s. senate holding a hearing on pga and the liv golf merger. >>> and amazon prime times how do they plan to win new subscribers while other retailers try to steal their thunder. >>> 3 'em up oa lln buish call "power lunch" will be right back municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least $10,000 to invest, call and talk with one of our bond specialists at 1-800-217-3217. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have histor

maybe we're just tired of talking about nvidia, but hats off to my co-worker steve kovach who pointed out to me, they actually wrote that gpus are a risk to outages if they don't get the infrastructure what's that telling us that microsoft is warning us if they don't get all of those ai chips, we could caeser advice outages. we don't always want to talk about nvidia there will be even more of a push to build these chips in house. >> thanks for being here, kristina partsinevelos >>> the headlines now with c contessa brewer. >>> an explosion injured several people a russian lawmaker said another explosion hit an oil refiny in the region it's described as a terrorist attack on the residential infrastructure >>> senate minority leader mitch mcconnell is trying to quiet the questions over his health by vowing he'll stay on the job the prominent gop leader suddenly stopped speaking mid sentence at the weekly leadership conference on wednesday. fellow senators ushered him away from the cameras and back to his office he later returned to talk to reporters. the 81-year-old isn't even up for re

through the qs, through etfs and funds i don't own the stock personally >> microsoft reports our steve kovach joins us with more what are you expecting when it comes to aai >> reporter: this is will cost an extra $30 per user per month and work with office apps like outlook, teams and word. estimates are all over the place. the potential market is huge there are hundreds of millions of microsoft 365 users, but no word yet on when this will be available. only a small group of microsoft customers are testing it now so look for more clarity on microsoft's earnings call tonight on when they expect to realize sales from co-pilot. another potential ai, azure cloud. it has slowed quite a bit over the last year. the ai boom could spur more demand for cloud services. that would be down from 40% growth in the year ago quarter a few other things to pay attention to, foreign exchanges is more favorable than it was in the year ago quarter thanks to the weakening dollar and windows licensing revenue will give a good hint at consumer demand for pcs which cratered last year after two years of a pandemic boos

steve kovach is here to break it all down for us. >> i'm going to do it in 90 seconds.n spent an hour under questioning today in the judiciary committee. coming out today, "washington post" and others reporting the ftc opened an investigation into open ai, that's the company behind chatgpt now, while khan didn't comment directly on an open investigation, she did talk about her broad concerns the harm ai can cause. here's what she said >> there are no checks on what type of data is being inserted into these companies and we have heard about reports where people's sensitive information is showing up in response to an inquiry from somebody else, we have heard about, you know, liable defamatory statements, that's the type of fraud and deception that we're concerned about >> now, finally, here is the big one. the ftc last night appealing its loss in the case against microsoft $69 billion acquisition of activision this week asking the ninth circuit to keep the temporary block on the deal in place. the appeal complicates the timeline to close the activision deal by the july 18

the ceo saying the company is well-positioned to benefit from the housing recovery let's get to steve kovach details. >> mixed results for the second quarter. revenue with a slight miss at $4.79 billion versus the $4.82 billion expected a solid beat on eps, coming in at $4.21 adjusted versus the $3.76 adjusted the street was looking for. whirlpool reaffirming guidance for the rest of the year, sexpes shares down because the company not raising its eps guidance despite that solid beat in q-2 now, behind that guidance, commentary from the ceo, sounding optimistic about the housing market, saying, in the company's release, quote, we are well-positioned to benefit from housing-driven demand recovery adding whirlpool has deals with 8 out of 10 of the top national home builders. mel. oh, and finally, company highlighting slightly improving margins thanks to cost controls, everybody looking at that number, too, melissa >> steve, thank you. housing-led recovery, that implies that the bottom is in. which is pretty good >> yeah. well, they have a broad -- they have a broad geography they serve, so --

do you know who's here in person and who's 6'3" >> i was going say steve kovach. >> i'm not 6'3". >>e's a tall -- see, now i understand he's like this looking out at the interest rate environment. he's looking around. >> it's a higher view. >> there's nothing in his way. that's why he can see so clearly, i think he'll be out in a second handsome man i said, did you already go into makeup >> no. and his hair. >> oh, my gosh i was moved. i was moved. >> coiffed -- is that a word >> coiffed he'll be in studio said, oh, my god, you're a tall man. we've never met. >> are you kidding he was here before. >> maybe he was sitting down by the time i saw him i don't know i'm guessing at 6'3". >>> microsoft shares are sliding. i don't want to make you feel inadequate. >> i'm fine. >> you're fine. >> not 6'3". moderately handsome. >> you're 6 feet or so >> 6'1". >> my man. that is half the game. all right. >> let's talk about motte shares after that company failed to provide specifics of when it would start selling its new a.i. tools on its earnings calls last night, still the company beating on

steve kovach is joining us >> the last-ditch effort to block was lost now the ruling on friday nightthe case in federal court last week microsoft effectively has the green light to buy activision here in the united states. even sony, the strongest corporate opponent, to the deal has caved. signing a ten-year agreement to keep the biggest game "call of duty" on playstation it comes down to the uk regulator, the cma, which blocked the deal this spring even those regulators changed their tune cma will submit new reviews over the deal david faber said they were investing the cloud gaming business to appease the cma. microsoft is on the hook to close tomorrow we are expecting to hear new terms to extend the deadline if the deal cannot get through in the next 24 hours. activision has the incentive to do that. regulators lost momentum and this deal which was once labeled all but dead is now likely to close. >> you think it will close before the cma approves or they will look at othercases where the eu is furious. >> the eu already approved it. >> furious for doing the same thing. >> it soun

joining us to look at the playbook for tech stocks is steve kovach >> it was the big inwinner and a bouncepple is up 49% so far this year hitting thetri $3 trillion mark cap on friday. nvidia up 189% those incredible runs also made the stocks more expensive relative to earnings going into the back half of the year. the pe ragtios is microsoft from 23 to 32 other catalysts to look for the name apple facing a fall in demand for products iphone 15 in the fall will have to wow people to make up for down sales microsoft still trying to close the $69 million deal to buy activision investors focused on a.i. and expect to see more product announcements with that throughout the year. alphabet, look out for the plans to make money off the a.i. tools in search ago products like google docs. it is still behind microsoft and the year of he effi efficies helping the investors so far and analysts are bullish on the a.i. chip darling, but selloff in the recent days sending shares lower we are waiting to hear from the commerce department about restrictions on a.i. exports to china. finally, guys, amazon tr

steve kovach breaking down what's going on with apple for us next i want to bring in our next guest who'sen in the second half of the year with regard to tech the nasdaq of course closing out the best first half of the year in 40 years, since 1983. the question, though, is there more room to run, and how much our next guest believes that big is better in tech, especially when it comes to ai. rosenblatt security joins us now. barton, thank you so much for being here where do you see opportunity tech has had a monstrous first half of the year is it risky to still play this >> certainly it's riskier than it was the stocks have done remarkably well better than i think i would have anticipated. you know, we have in our minds starting this year, that there would be macroeconomic risks that really haven't materialized, which has meant that the ad driven names in particular have been surprisingly strong. you know, so from here i think you have to be, you know, careful. we do still see opportunity in a name like an alphabet in the belief that if the economy remains durable, that you can see improv