tim seymour on trade desk. thank you. >>> all right.ng up right after this short break, bitcoin, yeah, may have gone down a little today, but well off its lows of the week. talking all things crypto with the ceo of kraken, next. doors can lead us toward what's important. your dedicated fidelity advisor can help you open those doors. by working with you on a retirement-income plan designed to balance growth and guaranteed income. because doors were meant to be opened. >>> welcome back. bitcoin ending the week back above the 60,000 level. so business coin did what bitcoin does. bitcoin was it, like, $69,000 a couple days ago. then it fell to $49,000 and now it's back above $60,000. because what's that i remember? manny ramirez, manny being manny? said about the crypto being crypto. bring in kraken ceo. tim's the only one that got that. david ripley. david, i said the words, intestinal fortitude for owning crypto. listen, i get it. crypto volatile since the day it was born effectively but what do you say to team member, friends and family

tim seymour? >> 66 mustang convertible, the car i drove in college, that's the one for me.>> the singer designs porsche 911, and netflix might break the all-time high. >> mine too. julie? >> as ton martin db 5, watch sebastian power slide, it will change your life. saia, maybe those trucks can drive around for me. >> karen. >> singer porsche is legit. >> nice, going with the flex. i know it's ridiculous. final trade in the sort of realm of retail that is just really gotten too cheap, whether or not you even like the business, i think sig is really interesting, stock is crushed. very cheap. >> thank you, brian. >> thank you for not being too hard on me. i thought last block was the end of the show. it happens. >> that's all hard on me that i thought the last block was the end of the show. it happens. have a great weekend, everybody. happy birthday, life! >>> hello, i am mike santilli. welcome to the cnbc special -- "taking stock". this has been the best week of the year for the markets and the best hour of television for you. and i am not saying that just because josh brown

space. >> all right, tim seymour, comment on that. i guess guy adami is calling it a michael jackson market, because he's want to be starting something, and maybe this is not the start of something good, agree or disagree? >> well, i think your mets jokes need to beat it, and i consider you a guy who is not in -- you're not a yes man, so, taking adami's bad jokes when, in fact, his yankees lost two of three to the lowly nats in the nation's capital. but we're here to talk about nvidia, a company that ultimately, you know, what i heard from those numbers and what i've seen from the analyst community is they can put a 35 multiple on a company that's going to grow eps about 35% to 40% over the next three years. that should be good enough. and i agree that the market dynamic here has been somewhat troubling in terms of where it's been nvidia taking one-third of the nasdaq's returns this year, but the fact of the matter is, nvidia's underperformed the s&p by almost 15% since it peaked in mid-june, and the market today is a day when you had

okay, that's tim seymour, see? >> that's artificial intelligence. >> i'm not sure, apple was involved. >> i tell tim to make sure his phones are silenced and he gets mad at me every time. >> my phone is on silent right now. >> she was just talking to you. >> that was siri. >> let's talk apple. >> all right. >> well -- >> you gave us your take on apple, or one element. >> you're coming back to me? one thing that kovach said that is interesting, they have nearly -- well, they bought back and -- in dividends nearly a trillion dollars since they instituted it in 2012. i've listened to dozens and dozens of calls in this company. he is at the center of those calls. >> he is? >> important guy. but this is not important for this time. >> what is important, i think, will be valuation, when they report in october again. we got through the big day they had on june 10th or something, the stock didn't act that day, then it went up 30% over the course of the next few days. trades at 31 times next year's numbers, maybe 9% revenue

peter, welcome back, with tim seymour who joins with us his trades today.eal for this sum at this moment in time? what's really going on here? >> yeah, thanks, kelly, for having me on. look, i think for mars, it's truly the culmination of their efforts to become a much larger snacking company. again, this is a large, private company that's looking to expand outside of the confectionary or chocolate landscape. so one, you're going to get that scale and expansion into those small format stores, your convenience stores where having that scale is important. now you have candy at the front of the store and you pripgles throughout. for mars, they have a sizable business in europe. this will provide some scale there. pringles' largest market is in europe versus the u.s. but giving them that ex-pocher into the international markets. and third, the most fun for the consumer, you're going to get those fun innovations now with the salty and sweet. what we have seen out of hershey in the last year with chocolate covered popcorn, now mars will have that opportunity with

on the desk tonight -- tim seymour, steve grasso, dan nathan, and guy adami. >>> we start with the ceo switchup at starbucks. sharing spiking 25%, their biggest increase since going public in 1992. that after news the chipotle chief will take the reins. starbucks has been a favorite target of activist investors since the ceo took over last year. elliott and starboard have taken stakes in the company and earlier this year, howard schultz penned a scathing open letter calling on the company to fix the open stores. let's bring in kate rogers with some of the reaction to today's news. a lot of analyst upgrades today, kate. >> certainly. busy day, melissa. the starbucks chair said it this morning that nichol is the right leader for this moment, and clearly wall street agrees. analysts pouring in, mostly positive sentiment. td writing, in our view, starbucks picks up a hall of fame restaurant ceo and his appointment as starbucks ceo and chairman suggests a new era is under way. btig saying, we believe this is a significant victory for starbucks, and evercore isi writing, brian is likely the

tim seymour and julie biel with us, as well. another not great day for your money. now, the day did begin nicely, the nasdaq up more than 2% at one point today. but then a big bust, and we actually ended the day lower, basically three-point round trip for the nasdaq intraday. don't see that much. so, what happened? well, some are blaming the reversal on a lousy government bond auction. terrible demand for ten years, that hurt sentiment. and interest rate stocks did get slammed today. the small cap index down 1.4%, bringing its losses just this week to 3.5%. and it's only wednesday. home builders and bio tech efts down 2%. but it was not all bad. you had a flight to safety, i guess. apple up 1.25%. google also rising as well. guy -- >> yes, sir. welcome back. you were worried last night. >> i -- i had reason to be. >> no. >> but -- i do remember one thing about last night. >> yeah. >> which was that you said you thought yesterday's little mini rally was a blip in a tough tape th , that appears to be correct. what do you make of this big intraday reversal? >> get used

on the desk tim seymour, dan nathan, guy adami and katie stockton, managing partner of fair leaf strategies. we will begin with stokes cooling off, the s&p 500 and nasdaq snapping their eight-day winning streaks as you can see there. still two of the year's big winners managed to buck today's breather and rip to all time highs. netflix jumping a percent and a half on positive news for its ad business, more on that story in just a moment. and eli lilly surging 3% after a long-term study showed zepbound slashed the risk of type 2 diabetes by a whopping 94%. the news hit diabetes and obesity device makers, names like decks con, insilit, abbott labs falling sharply lower. angelica people's spoke with eli's ceo earlier today and joins us with the recap. what can you tell us? >> dom, this is a three-year trial that's finding that the drug can actually prevent diabetes in people whose blood sugar levels are close to that high but not quite as high as diabetes. it is already approved to treat obesity and diabetes but this could be another step forward and a way for lilly to reach even more people.

on the desk tonight, dan nathan then tim seymour, carter worth and julie beal. we start with the s&p 500 and nasdaq on eight-day winning streaks for the s&p 500, it's the first eight-day winning streak since last november and the strongest eight-day stretch in 1 years and finished up at least 19% for the year, the last four times there was an eight-day winning streak in play during the year. still, though, in the short term, there's plenty to contend with. a host of retail earnings starting with lowe's tomorrow along with target, macy's and t.j. maxx as well. then there's jackson hole starting on thursday with powell taking center stage friday followed by a number of key event as head of the big rate decision in september. so, dan, we'll start with you. are you starting to feel good about buying this recovery rally? we've pretty much gotten back everything we lost and maybe even a little more from that monday drop we saw a couple weeks ago. >> i think it's tough to continue to buy here into friday and the unknown here. if i think about some of the other inputs h

. >> on the desk tonight, tim seymour, dan nathan, guy adami, and remotely, julie biel. wish you were with us. glad to have you. and we start with another historic day for the dow. the industrials eeking out a record closing high yet again. s&p 500 and nasdaq also modestly higher on the day. fractional gains there. the market largely in wait and see mode, with nvidia results due tomorrow. the a.i. giant up about a percent and a half today, almost 160% for the year so far. at the same time, the conference board reporting that consumer confidence came in better than expected this month. and that more bullish consumer may be lifting the fortunes of some travel names. expeo expeople ya, carnival, and trip adviser all higher on the day. so, guy -- >> yes, sir. >> does the market slow grind higher feel -- give you a -- how are you feeling about it? >> i feel good that you're here, tyler. >> i'm feeling good. >> day two of three. i'm encouraged by the -- yeah, i mean, listen, the move off the august 5th low is staggering. here we are basically in terms of the s&p right back to

from studio b at the nasdaq on the desk tonight -- courtney jar see garcia, dan nathan, guy adami, tim seymour. >>> shares of walmart surging more than 6.5% to a new all-time high today on the back of better than expected earnings and raised guidance. the retail giant cfo telling cnbc that revenue growth was driven by higher unit sales, rather than higher prices. and more good news on the consumer front retail sales rose a full percent, well above expectations those two pieces of data helping the broader market rally again today with the nasdaq up more than 2%. the s&p positive for the month of august. so, can we lay to rest any of those concerns thatwe had had about the strength of consumer spending, guy? >> negative, ghostwriter we've said this for awhile we've been very constructive on the stock for a long time. and what this speaks to is not necessarily the health of the consumer, it's where the consumer is going. if you look at the comps and the margins, everything you look at suggests they continue to win in a meaningful way and just not that, they've been able to manage their inventorie

on our desk tonight tim seymour, karen fiderman, guy adami. after the last few days you all made need good news and we have t sort of. all the markets up, the dow closing up just under 300 points, the s&p 500 up about 1%. all 11 sectors in the green, tech and small caps are also up, but we were up more than 800 points on the dow, we ended up just under 300, the nasdaq at one point soaring up 2.5%. we ended up but not that much. today's gains not nearly enough to get back anywhere close to what you may have lost yesterday and or friday. the major indexes still firmly in the red over a five-day period. yields did go up, still lowest of the year. the fear gauge, the vix coming down, it briefly fell below 25 after soaring the last couple of sessions. guy adami, to you, are we out of the woods or was today just kind of a calm before more of the storm sets in? >> you know, the former or latter thing. i don't believe we are out of the woods, that should come as no surprise to people who watch this. thought that for a i would and correctly. if you loo

on the desk tonight -- on courtney garcia, karen finerman, guy adami, and tim seymour. >>> second negative session in three. the nasdaq tumbling almost 30 points. worst day since august 5th, when we had that big selloff. the ze s&p and the dow also falling. that's coming ahead of jerome powell's speech in jackson hole. steve liesman is in wyoming, pregaming. steve, so, what can we expect from tomorrow? >> sara, hey, yeah, fed chair powell's speech tomorrow, here in jackson hole, likely to affirm, i think, the market's expectations for coming rate cuts based on greater competence in inflation, heading back to target. and some growing concern about the employment side of the fed's dual man date. isi writing, we expect fed chair powell will use his jackson hole speech to explain why the fed is now sufficiently confident inflation is heading back durably to 2% to begin dialing back rates soon, and provide a basic framework for the cutting cycle ahead. the philadelphia fed president asserting that here on cnbc. >> it was all inflation, inflation, inflation for awhile. now, we're starting to see

tim seymour, steve grasso, dan nathan, guy adami, and lori cavalsina. >>> the major averages dropping 2% or more, the nasdaq down 6.4% early in the day. still shed 3.5% at three-month lows. the dow dropping more than 1,000 points. its biggest point drop since september 2022. and the small cap russell 2,000 officially giving back all its gains from the start of that supposed rotation last month. it has been down 3% or more for three days in a row. the first time that's happened since 1987. the volatilitysurging to more than 65. that's the highest it's been since the start of the pandemic. all these moves had an outsized impact on technology. the magnificent seven tumbling, losing a combined $665 billion in market cap today alone. since the nasdaq's record close in july, they have slashed nearly $3 trillion in market cap. the recent selling seems to have been sparked by last week's softer than expected jobs report. but are these concerns overblown? i go to the strategist to set the tone tonight, lori. how do you take this all, in stride, do you stick by your forecast, does anything chan