i'm contessa brewer along with tyler mathisen bond yields are rising markets worrying about potentialpelosi's meeting with taiwanese officials. community has some tough warns for pelosi we'll examine what another u.s./china spat could meet for the markets. chip stocks having their worst year since 2008. will the chips act by enough to

that has not happened informants. >>> i'm tyler mathisen in for sheppard smith. here is what's making the news. a car barrister and ellie intersection, the fire aftermath and what we have learned about the person behind the wheel >>> warner bros. shelves batgirl. why the movie studio decided to pull back on the multimillion dollar project. >>> democrats in the senate appeared to have enough votes to pass sweeping legislation on climate, healthcare and taxes. >>> kyrsten sinema, the final holdout in her party but she agreed to support the deal last night after exact team concessions. without? killing the carried interest loophole that enables investors and other investment managers to pay lower taxes and it defies death once again courtesy of senator kyrsten sinema. what's in? funds to fight climate change including investments or rebates tops that household energy costs. tax credits to reduce carbon emissions. prescription drug price reform where medicare will be able to negotiate the price of certain drugs. the expansion of obamacare subsidies, many for irs tax

you very much, john, and welcome, everybody, to "power lunch," along with courtney reagan, i'm tyler mathisenis hour, stocks mixed right now following yesterday's big selloff. top tech watcher will tell us if this selloff is warranted after the two-month rally we have had. >>> plus, is american reliance on chinese manufacturing ebbing, becoming a thing of the past apple for one stepping up production of its newest iphone in india, what this shift could mean for the u.s. and chines

back to you. >> look forward to that, tyler, thanks so much that's tyler mathisen. >>> a new twist in the proposed takeover of tech services company zen desk, large shareholder light street capital led by glen kacher says it will vote against the $10 billion deal involving two private equity firms and is proposing an alternative plan glen kacher joining me now in a halftime exclusive interview good to see you again. welcome back. >> good to see you, scott. got your letter, it's a big thick one. which you say you intend to vote against the company's currently proposed transaction why? what's the problem with it >> well, the important thing here, scott, is we're offering investors, public market investors, a chance to participate in the improvement of the financials of this company. unfortunately, the current proposal to sell for cash to private equity firms for a dollar more than where we're trading today is not a great outcome for my investors, and i have a fiduciary responsibility to them to make sure we are getting the most value for our shares, and what we've proposed here is an al

i'm tyler mathisen market power players, apple and microsoft, guess what, they make up more than 13% of the s&p 500. that's those two stocks alone. that's a r

d ducusign and adobe also down let's get to tyler mathisen with more >> the justice department releasedd affidavit from the mar-a-lago search earlier this month the document cites evidence of obstruction of probable clause of classified materials and taken and stored in unsecured locations at former president trump's residence and club >>> tonight on the news, a breakdown of the redacted search warrant and affidavit and mr. trump's reaction on social media. >>> moderna to sue pfizer and biontech it used its technology in creating the covid-19 vaccine. moderna is not seeking to keep pfizer's vaccine off the market. they cite the ongoing need for access to covid prevention. >>> massachusetts is set to follow in california's footsteps and ban the sales of new gas powered vehicles beginning in 2035 the law aims to reduce greenhouse gas emissions and increase electric and hydrogen cars on the road jon? back to you. >> tyler, thank you. >>> up next, we have three buys and a bail for every fed scenario given what we just heard from powell today, gina sanchez this stock should be part of your p

announced the creation of alphabet they're having their worst year since 2008 let's good et to tyler mathisen a news update. >> the deposition of former president trump continues today, but just before the session, he said he would refuse to answer any questions in new york's state civil probe of his business he invoked his fifth amendment right against self-incrimination lawyers for the attorney general's office are expected to ask all their questions anyone, and that could take hours. damage from an explosion in crimea, appears to be worse than the kremlin's public assessment of it. officials have declared a state of emergency, say dozens of homes were damaged a ukrainian official is saying that the country's special forces and local resistance fighters are behind those blasts and parts of england and wales will be under an extreme heat warnings lasting through the weekend. britain is struggling wednesday again with high temperatures and a severe drought after the driest july of 1935. tonight on the "the news with shepard smith," how schools are trying to cope can a severe shortage of teach

i'm contessa brewer along with tyler mathisen bond yields are rising markets worrying about potential fallout from speaker pelosi's meeting with taiwanese officials. community has some tough warns for pelosi we'll examine what another u.s./china spat could meet for the markets. chip stocks having their worst year since 2008. will the chips act by enough to boost manufacturing in the u.s.? and we have a lot to talk about here, tyler. >> we do, contessa welcome to "power lunch. stocks are lower today, but they are off the worst levels of the session. the dow had been down 376 points not so much right now. big moving driven by earnings, uber the big winner. it is un15%, pinterest up 10% as numbers were not as bad as feared we'll talk about those names in a while. aflac also a gainer as well, before there are some losers, too, molson coors among them sales fell short of expectations, you can't call them flat. zebra technology and sealed air also falling, following their earnings records >>> moving on, speaker pelosi landing in taiwan today, the highest-level u.s. officials to visit that c

. >>> welcome back everybody i'm tyler mathisen with your cnbc news update here is what's happening right now. retail sales unchanged in july the picture may be slightly brighter than that number implies when auto sales are subtracted sales are up as for individual retailer results today, they are mixed. target had a big bottom line miss for the second quarter as it cleared out excess inventory at bargain prices. lowe's, tjx, better-than-expected profits there. demand for mortgages fell to a 22-year low, according to the mortgage bankers association home buyers pulling back as rates rise the higher rates are dampening, of course, refinancing activity. why would you? the food and drug administration is improving the sale of over-the-counter hearing aids. the government estimates consumers may save about $2800 per pair we'll be able to buy them without a prescription or medical exam the fda says about 30 million adults could benefit from hearing aids only about 20% actually use them the reason is often the cost back to you all. andrew -- >> tyler, thank you for that meantime, we'll talk abo

i'm tyler mathisen market power players, apple and microsoft, guess what, they make up more than 13% of the total market value of the s&p 500. that's those two stocks alone. that's a record amount of influence. is there a danger in that much concentration? >>> and peak jobs, employers are starting to pull back on employment postings so says zip recruiter's ceo, he's here to tell us if the labor market is cooling and whether workers are starting to lose, kema little bt of their leverage. >> speaking of pullbacks, the dow not having one right now session highs, it's up for a fifth straight day, by the way, and its outperformance today is helped by those strong results from walmart and home depot. the s&p 500 is now up half a percent to 43.17, even the nasdaq has gone green by 16 points, and we have some more momentum names like zoom and moderna under pressure today the retail sector is the standout abercrombie, kohl's, american eagle all gaining, look at this, almost 10 to 15% the retail etf, the xrt having its best month since january of last year. and of course we have to mention bed

prices are down 50% year to date let's get to tyler mathisen for our cnbc news update >>> salman rushdieing treated at a hospital for an apparent stab wound to his neck. he was attacked by a man who rushed the stage where the author was about to make an appearance rushdie's satanic versus got death threats. governor hochul says he is alive and she praised the officer who intervened and arrested the suspect. >> i want to commend the state police it was a state police officer who stood up and saved his life, protected him. >> new york city's health commission says the discovery of polio in the city's wastewater is in her words alarming but not surprising the virus had already been detected in two counties north of the city. >>> and scientists are investigating a climate change impact that threatens sea turtles as a result of rising water temperatures affecting developing turtle eggs many more females than males are being born kelly, go figure >> i was going to say the women are taking over everywhere. >> they like the warm, i guess. >> that's true tyler, i'll see you soon thank you. >>> st

glad you could join us i'm tyler mathisen, kelly will be right back with us in a sec here's what's ahead, a double dose of power players. we've got the ceo of valley bank, the stock up 12% over the past month, outperforming the bigger banks we're going to talk lending, the consumer, and why rates, bond rates, are funneling even as the fed hikes their interest rate. >>> plus the vivid seats ceo, the company reporting a rise in revenue and upping its guidance. we'll get his take on discretionary spending in the face of this slowing economy kelly. >> yeah, we're excited to hear more about the consumer, which is showing signs of life in areas, tyler stocks, though, are mostly lower and the nasdaq is the biggest lag laggard as we hover off session lows the chip names in particular weighing here. the s&p down half a percent. multiday losing streak, about four days it's trying to avoid now and the dow is down 39 let's look at some of those chip players like micron, which today is off 5% after issuing a revenue warning of its own just a day after nvidia's yesterday the smh etf saw 4 .5% today. n

you very much, john, and welcome, everybody, to "power lunch," along with courtney reagan, i'm tyler mathisen, here's what's ahead this hour, stocks mixed right now following yesterday's big selloff. top tech watcher will tell us if this selloff is warranted after the two-month rally we have had. >>> plus, is american reliance on chinese manufacturing ebbing, becoming a thing of the past apple for one stepping up production of its newest iphone in india, what this shift could mean for the u.s. and chinese economies. courtney. >> thank you, tyler, thanks for having me. i am courtney reagan markets are mixed, the nasdaq the only major average in the green right now. a reversal from what we saw yesterday. it was hard hit and down for four of the past five sessions, down 5% in just a week, still up nicely off the june lows helping tech today, chip stocks mostly higher on a semi and mat, mat tell leading the way also cybersecurity stocks are higher after palo alto posted strong results medical guys, bio tech, pharmaceuticals, health insurance, all those names are lower today. >>> a day after a big

glad you could join us i'm tyler mathisen, kelly will be right back with us in a sec here's what's aheadose of power players. we've got the ceo of valley bank, the stock up 12% over the past month, outperforming the bigger banks we're going to talk lending, the consumer, and why rates, bond rates, are funneling even as the fed hikes their interest rate. >>> plus the vivid seats ceo, the company reporting a rise in revenue and upping its guidance. we'll get his take on discretionary spending in the face of this slowing economy kelly. >> yeah, we're excited to hear more about the consumer, which is showing signs of life in areas, tyler stocks, though, are mostly lower and the nasdaq is the biggest lagga

let's get over to tyler mathisen for a news update >> thank you very much >>> good afternoon, everyoneithin the last hour, mississippi's governor has declared a state of emergency and activated the natural guard to help distribute bottled water. that's in response to the failure of a water treatment plant that has left about 150,000 residents of the city of jackson, state capital, without safe drinking water, and many have no water pressure at all in their homes. >>> today the white house says president biden was briefed on the flooding that caused the problems at that mississippi water plant. federal agencies are prepared to provide access to state and local officials as well. >>> and the secretary general of the united nations is going to pakistan next week to see what a spokesperson calls an unprecedented climate catastrophe. at least 1,000 people have been killed by flash flooding after record-setting monsoon rainfalls all summer long. >>> tonight on the news, one year after the fall of kabul, we will take you to a community of afghan refugees in central california that's at 7:00 e

over to tyler mathisen now for a cnbc news update >> kelly, thank you very much. here is your cnbc news update right now. the nation's largest employer, walmart, expanding its abortion coverage for its 1.6 million employees. according to an internal memo and effective immediately, walmart's health care plans will cover abortion services and travel costs for employees and their family members who are insured through walmart when the pregnancy presents a health risk to the mother. >>> the u.s. government is setting aside doses of the monkeypox vaccine in advance of more than a dozen planned pride parades over the next few months 50,000 doses will be allocated based on factors like the size of the event and risk of the attendees. official say they are sending up to 2,000 doses to north carolina for a parade this weekend. >>> and after a summer of flight delays and cancellations, the department of transportation is telling airlines to improve customer safety or they will force them to -- customer service, excuse me -- or they will force them to the d.o.t. also announc