thomas hayes s-ueakin less, not more. thomas hayes speaking to — less, not more.king to be _ less, not more. thomas hayes speaking to be a _ less, not more. thomas hayes speaking to be a short - less, not more. thomas hayes speaking to be a short while i speaking to be a short while back. now, to the farnborough airshow — the global gathering of the aerospace industry in the uk this week. for european aerospace giant airbus, its order book is full to bursting. meanwhile, its rival, boeing, is struggling to address safety and quality control problems. airbus is now unquestionably the dominant player for large commercialjets. but the european firm has problems too — as its chief executive, guillaume faury, explained to our correspondent theo leggett. we are in a situation that is complex for everyone. the international situation is another complex one. a lot of our issues are coming from the supply chain, and that's probably something that's come to other companies. now there are plenty of differences, as far as airbus is concerned, we are trying to focus on our pri

i've been speaking to thomas hayes on whether the reshuffling will change the scenario for investors.change the scenario for investors. . ., ., ., ., investors. the advent of kamala harris to the _ investors. the advent of kamala harris to the picture _ investors. the advent of kamala harris to the picture speaks - investors. the advent of kamala harris to the picture speaks to l harris to the picture speaks to a probability that even if the democrats do not win the executive branch or the republicans win the executive branch it is no longer a foregone conclusion that it will be a sweep and what the market like whether you have a democratic president or a republican president is woodlock. they like to see checks and balances as kind of the culture of american politics in the markets and stock markets in the united states do better when one party does not control the executive, the senate and house of representatives. in the senate and house of representatives.- the senate and house of representatives. the senate and house of reresentatives. . ., , representatives. in a few hours from

another thomas i want to go to is thomas hayes of great health capital. you heard the other thomas and what he was saying about the environment, we don't need a cut right here but the markets certainly are anticipating not necessarily from today's meeting but they made a credible argument but that aside, market rates are very low. at 10 year out of 4. 09%, maybe you don't need to do anything, maybe the markets are doing heavy lifting for them. >> in hesse patient of the cut you have the fed funds rate over -- so the 10 year yield is compressing and in the event they walked back the cut you will see it shoot backup, markets would be down. it is little bit -- stuart: if they do nothing, the issue today is what they signal, if he sets the stage for september cut, how do markets deal with that? >> the surprise would be of september is not on the table, markets would be out quickly, the rotation has begun, july was the turning point. we saw dramatic rotation in anticipation, in december, the market is acting accordingly but what's interesting, tech and communic

thomas hayes, you don't want to do that, the longer you hold onto these issues the more they take upne when they are going up. it might be risky down the road. how do you tell customers about that? >> 60% of the gains in the s&p were attributable to stocks. in the second half of the year that will sift upside down. the plates are going into the surface without causing an earthquake. many are worried about a correction but that is not going to happen. what we will see is the 493, outperforming the magnificent seven in the second half and there's two reasons for this. earnings compensation, q 2 is the first quarter since 2023 that the not magnificent 4 have positive earnings growth and by q 4, they are going to grow earnings, 19% versus the magnificent seven only 17%. neil: the s&p 500, they could not keep up with those seven. that could level things out a little bit. how do you feel about technology in general? etfs that mirror the performance, overdone or just about right? >> some of these stocks have gotten ahead of themselves and i don't think they have to crash in the second half

the s&p is up 11, nasdaq up 40 points, we now have a guest to join us to talk about the market, thomas hayesns us now. is the market spread a little too thin we've been focusing on the few companies particularly those dealing with a.i. it's not that the rest of them are doing terribly but these few are pulling the whole market index up. >> the question there is a saying you're probably familiar with the last shall be first, the second quarter second half is going to first the flood for stuff on its side yet the magnificent seven, top five stocks were responsible for 60% of the gains in the first half of this year. that's going to change for two reasons in the second half were on the cusp of a see change were to get more participation in the first reason earnings composition, in the first quarter for instance the magnificent seven had 15% earnings growth and then magnificent at negative 1% earnings growth by q4, to focus on 493 stocks had negative 1% earnings growth in q1, by q4 it's going to be 70% earnings growth and a magnificent seven to a deceleration in growth in 19% earnings for 493. w

thomas went all in start right now. >>> at evening from new york crime chris hayes in the continuing media and political free golf over president joe biden's campaign for re- election. there is one pretty important fact that gets missed almost entirely. i have been thinking about it a lot. the president has done nothing wrong. you wouldn't know that from all the coverage, part of what has been weird and difficult about this new cycle day in and day out is that biden's political future is being covered like a scandal. right? and we have seen plenty of presidential scandals in recent years we have seen a president get impeached twice in one term for behavior that is completely beyond any standard of decency or sanity including attempting to end the american constitutional republic. we have seen it several journey conclude the ex-president also sexually assaulted a woman and continually defamed her we have seen that former president indicted for election interference, convicted of 34 felony counts of false side business records. and just to be clear, again, joe biden has done nothing like that. as president, he is reache

hayes, how about you? >> i'm giving it to congresswoman aosi. i think it's great she's done what democrats have not done by taking on samuel alito and clarence thomastheir failure to disclose large number -- donations and failing to recuse themselves from cases they have an interest in so i give it to her for actually filing those articles. >> do you think it's going to go anywhere? >> know but it's something democrats should be yelling about that between now and november if you put us back in the house we will impeach them and get them out of those seats. >> claire, who is yours tonight? >> i've got to give props to vice president kamala harris. she is in a really tough position. this has been a tough few weeks for her, too. i am positive of that. she has kept her head down. she has been loyal. she has been smart. she has shown the country why joe biden selected her to be vice president and i think she deserves mvp for how she has handled this really stressful time for the biden-harris administration. >> stressful is an understatement. all right, jemele . who won your week? >> no, leave it to the sports person to bring sports into this but my mvp

thomas. >>> the president addresses the nato coalition and d.c.. >> americans know we are stronger with our friends. >> the election in november, when all in starts right now. >>> good evening from new york. i'm chris hayes. the frenzy that is follow the presidential debate continued today. democrats were back, congress was back and both houses, democrats in congress holding high-stakes meeting about the path forward for joe biden's campaign. sources telling nbc news the behind closed doors the caucus is concerned about its nominee. one lawmaker called the mood around biden shaky adding people fear he is declining or the age issue will overshadow everything the rest of the way out. for his part, the president made a strong appearance today opening the nato summit in washington, d.c. which will take place all week, giving a speech to the gathered allies in the crowd. that came as house democrats remained mostly unified in their support of president biden. even congressman jerry nadler told his colleagues he believed biden should drop out in a private call over the weekend was walking closer to the party line today. >> democrats have a large bench. is c the best person? >> that's a good question. he's the

hayes, how about you? >> i'm giving it to congresswoman aoc. i think it's great that she has finally done what the democrats have not really wanted to, which is take on clarence thomasimpeachment against thomas and alito, citing their corruption, a refusal to disclose large amount of donations from billionaires, and refusing to recuse themselves from cases that they have an interest in. so, i give it to her for actually doing the thing and filing those articles. >> do you think it is going to go anywhere? >> oh, absolutely not. but, it is something democrats should be yelling about between now and november, that if you put us back in the house, we will actually impeach them and get them out of those seats. >> all right, then. senator claire, who is yours tonight? >> well, you know, i've got to give props to vice president kamala harris. she is in a really tough position. this has been a tough few weeks for her, too. i'm positive of that. she has kept her head down, she has been loyal, she has been smart, she has shown the countrywide joe biden selected her to be vice president. i think she deserves mvp for how she is handling this really stressful time for the biden