i'm tyler mathisen at uncharted conference in the hamptons. >> they need to put a pool picture behindre, and over -- tyler, over to you. >> over

. >>> let's get to tyler mathisen now for a cnbc news update. tileer?thank you very much, kelly. sean diddy combs is selling his majority steak in revolt. this, as he faces multiple lawsuits over sexual assault allegations. last month, he issued an apology after cnn aired video, which appeared to show him kicking, hitting, and dragging former girlfriend cassie ventura. >>> the former er sbe prefor to shohei ohtani pleaded guilty, admitting he stole almost $17 million from ohtani to pay off debts. and before closing arguments in a massive pandemic fraud trial were set to begin yesterday in minneapolis, a juror was dismissed after reporting someone tried to bribe her with $120,000 in cash promising even more money if he voted to acquit the defendants. the judge questioned the remaining jurors about any unauthorized contact and sequestered them for the remainder of the trial. kelly, back to you. >> tyler, thank you, tyler mathisen. >>> coming up, with interest rates staying high and construction costs not coming down, are apartments the right place for apa

i'm tyler mathisen with your k cnbc news update. the u.s. because of weather. about 12 million pounds of aid remains sitting in storage for more than two weeks, as agencies have difficulty moving the aid into gaza. the pier has been closed once because of weather before. >>> tractor supply, the retailer known for selling goods focused on a rural lifestyle, announced it's ending its diversity program after online backlash. they are withdrawing its carbon emissions goals. >>> uber will pay you $1,000 to ditch your car for a month. the ride hailing company has a new promotion where it will pick 175 cities in select cities in the u.s. and canada, including los angeles, chicago, toronto and vancouver and given vouchers for uber rides and public transport to get them to stop driving. sign up online for the trial. it starts july 22 and, kelly. back to you. >> clever, but a good, long-term business model? i don't know. >> that's not usually the way to make money. >>> coming up, as so goes france, so goes america. on the heels of last night's debate

i'm tyler mathisen with your news update at this hour.hattan district attorney alvin bragg will appear before congress after donald trump's sentencing in his trial in july. that is according to sources who spoke with nbc news. bragg will face the house judiciary commitly with a former justice department official who led the trump investigation. the hearing will likely be hostile. the chairman, jim jordan of ohio has accused the man of "politically persecuting the former president." >>> the u.s. lifted a ban that prevented controversial ukrainian military using american weapons. the decade long restriction was on the azov brigade which has neonazi origins. >>> african el famtephants call other by specific names. the names are part of the elephant's low rumbles that can be heard over long distances. the researchers say they recognize and react to a call meant for them ignoring calls addressed to others. kelly, back to you. >> tyler, thank you very much. tyler mathisen. >>> still to come, luxury real estate developer michael shvo joins me af

now over to tyler mathisen for a you news update. >> thank you very much.hattan prosecutors are urging to keep donald trump under a gag order in that hush money case, at leastuntil he's sentenced in july. they told the judge they oppose the defense request to lift the order in light of trump's felony convictions. the gag order bars trump from comments about witnesses, jurors and others related to the case but not the judge or the prosecutor. >>> new york city's congestion pricing toll plan has been shelved. the state's governor announced the indefinite pause of the program today saying it would risk too many unintended consequences, including potentially slowing down the city's economic recovery from the covid pandemic. the first of its kind toll is due to start at the end oh of the month and would have charged drivers $15 or more to enter manhattan south of 60th street. >>> muhammad ali's childhood home is up for sale. the louisville, kentucky home and two neighboring properties are on the market for $1.5 million. this according to the listing. the home ha

i'm tyler mathisen.ore congress with many expecting the airline executive to face a thrashing from lawmakers. more on that in a moment. >>> plus, doing it elfing right. bullish on elf beauty despite signs of an overall weaker consumer. that's further ahead. >>> and first, a

tyler mathisen.nto the world of deep fakes with an expert ai artist and look at the rising risks to november's presidential election with former u.s. senator heidi heitkamp, and as we head to break, cnbc is celebrating pride month throughout june. here is goldman sachs partner liz ♪ ♪ >>> i'm extremely lucky that being at goldman sachs was a place where i felt safe and comfortable coming out, but i'm also aware that i have colleagues in the industry that don't know if they have that safe space or they may not at all, and so when you celebrate pride month and when you are a consistent ally throughout the year you are letting the people around you know that your space is a safe space for them to be out. [crowd chanting] they ignored your potential, and mocked your ambition. but it's not the critic who counts. with every swing and block, your game plan never changed. ♪♪ some still call it luck. let them. because you know what it's always been. inevitable. ♪♪ ♪♪ ♪ ♪ >>> we stand with ukraine. we will ens

alongside kelly evans, i'm tyler mathisen. the markets are split. do mean little gain, getting a boost from nvidia up more than 3% after

i'm tyler mathisen with your cnbc news update at this hour.ng hunter biden's sentence could be in the cards. the press secretary refused to rule out the possibility earlier today, but according to the white house, it's still too early for such discussions. joe biden said after his son's verdict that he would respect the judicial process and not pardon his son. >>> a massive settlement just announced today against singapore based teraform labs and its founder. the company agreed to resolve a lawsuit brought by the s.e.c. and pay $4.5 billion. the company was sued for misleading crypto investors in the leadup to the collapse of stable coin back in 2022. that led to $40 billion in investor assets of being wiped out. the settlement without a dollar amount was first announced back in may. >>> and the tennis star carlos alcaraz will team up with his childhood hero raphaefael nadal play doubles at the olympics. alcaraz is widely seen as the heir to nadal's throne. he's one of the best in the world. >> so fun. love that. tyler, thanks. >>> coming up,

. >>> hello, everyone, i'm tyler mathisen. here is your news update.onald trump chief of staff, has pleaded not guilty earlier today to nine felony charges for his role in the effort to overturn trump's arizona election loss. michael roman, trump's director of election day operations, has also pleaded not guilty. both are alleged to have submitted names of fake lectors from arizona to congress in a bid to keep mr. trump in office. a judge has set an october trial date. >>> kia issued a recall of more than 460,000 suvs because of fire risks. the national highway traffic safety administration said the a-knob on the front seat could get stuck, which could cause the car to overheat and catch fire. the recall affects models from 2020 to 2024, and owners are advised to park the suvs outside. >>> after an abrupt announcement last week, it's the final day for the university of the arts in philadelphia after it ran out of funds and lost its accreditation. the faculty and staff have filed a lawsuit, and the attorney general is looking into the closure oh of that

alongside kelly evans i'm tyler mathisen. glad you could be with us.s conference shortly with ukrainian president zelenskyy. we're also waiting to hear official results of the shareholder vote on elon musk's pa

alongside kelly evans, i'm tyler mat mathisen. glad you could join us.ps are not. many are still struggling with the effects of a crippling cyberattack. we'll hear from a dealership owner and a cybersecurity expert for the industry. >>> and delta is opening a fancy new lounge at jfk. we'll talk to the company's ceo about efforts to attract higher-end customers. but first, let's get a check on the

i'm tyler mathisen with your news update.ge eileen cannon rejected donald trump's request to suppress evidence seized during the mar-a-lago raid in that florida criminal case. but the judge did schedule a future hearing on whether audio notes from trump's lawyer could be excluded as evidence. prosecutors obtained those notes after then chief judge of the d.c. district court ruled they couldn't be protected by attorney-client privilege. so that one is still on the docket, so to speak. >>> americans may be having buyer's remorse when it comes to electric cars. nearly half of ev owners say they are very likely to switch back to a gas-powered car for their next purchase. the biggest reason for the shift is the lack of available chargers, followed by the total cost of owning an ev. >>> and nbc announced its plan to use an ai generated version of al michaels' voice during the summer olympics coverage. the peacock daily olympic recap from our sister company will feature a near perfect re-creation of the legendary broadcaster's voice

i'm tyler mathisen. here with your cnbc news update.rsing its 2022 ban on juul e-cigarettes. the products will still be allowed to stay in stores as it reviews information from the vape maker. today's action only puts the products under agency review. it's not an indication they will be fully cleared. >>> steve bannon must report to prison next month to start the sentence -- start a sentence after being convicted for being in contempt of congress. a judge granted a prosecutor's request to force the former trump white house aide and republican provocateur to begin his four-month prison term after an appeals court upheld his conjik shun. but the judge said he could appeal. >>> and premier league teams will continue to use video assisted referees next season. at the meeting, the teams decided against scrapping the technology, despite a series of controversial calls last season. kelly, back to you. >> oh, boy. tyler, thank you. see you soon. >>> coming up, nvidia battling it out with apple to play second fiddle to microsoft's market cap. bu

alongside kelly evans i'm tyler mathisen. glad you could be with us. we're waiting to hear from.who is holding a joint news conference shortly with ukrainian president zelenskyy. we're also waiting to hear official results of the shareholder vote on elon musk's pay package. musk claiming victory. we'll discuss that and the other issues surrounding musk and tesla coming up. >>> but we begin with a check of the markets following the fed meeting yesterday, and this morning softer than expected data, including ppi and jobless claims. the dow in negative territory and the s&p back in positive by two and the s&p up 28. we'll discuss the fed's possible moves, and more people seem tock saying the fed is too slow to react. inflation is slowing and the labor market is softening. let's talk to the chief u.s. economist with morgan stanley. a perfect day to have you on. i don't know if you think we're at an important juncture or not. >> i do think we're at important juncture. share pals said we're being cautious and conservative and the data is slowing. look at job

. >>> let's get to tyler mathisen now for the cnbc news update. tileer? >> thank you very much.illinois man accused of killing seven and injuring dozens more. in 2022 at a parade in chicago, rejected a deal to plead guilty to seven murder charges today. it was a stunning reversal in the courtroom. just days before the second anniversary of the attack. prosecutors said the shooter admitted to the attack, firing from a roof top along the parade route. >>> former gop congressman adam kinsinger enforced joe biden ahead of thursday's debate. he said trump was a threat to every american value. a critic of the former president, he was one of two republicans who joined the january 6th committee with liz cheney. he also voted to impeach trump for inciting the insurrection. >>> and alex morgan was left off the olympic roster in paris. she was the most notable absence. having been named to the squad for several friendlies against south korea earlier this month. it is the youngest roster for the u.s. since 2008. kelly, back to you. passing of the torch. >> tyler, thank you very much. >>> co

alongside kelly evans, i'm tyler mathisen. the markets are split. dow starting june with a decline of 300 points. the nasdaq with a little, little, and i do mean little gain, getting a boost from nvidia up more than 3% after announcing a new generation of a.i. chips and also getting a price target hike to $1500 from bank of america. >>> also meme mania is back today. gamestop soaring after the trader known as roaring kiting posted a screen shot appearing to show he owns the stock. more coming up off the highs of 35%. we also want to update you on a stock we discussed on friday's show, boston beer giving back friday's gain after suntori denied reports it's in talks to buy it. shares are down 4.5%. >>> let's start with the question of market leadership as nvidia is driving the nasdaq higher but dow and s&p are negative. mike santoli, if they just put it in the dow, it might solve all our problems? >> it might solve the dow's problems retro actively. it's remarkable the degree to which nvidia explains a lot, not all but a lot of the divergences we're s

now over to tyler mathisen for the news update. >> my head is spinning. personal asset also be sold. a judge ordered the liquidation today to pay his $1.5 billion debt for false claims that the sandy hook elementary shooting was a hoax. >>> meta will not launch its ai models in europe now after irish regulators told it to delay collection of data over concerns it would be used without consent. meta said it would be using information that is publicly available and licensed. >>> while there have been studies that show women go through changes in their brains to prepare them for motherhood, research shows new dads go through similar changes. a study in spain showed brain images in the brains in spain, shows that images of 40 fathers found structural changes in areas that involve emotional processing and problem solving. it could help new dads bond with their children. the brains in spain. >> it's like brain drain over here. tyler, thanks. >>> coming up, one firm is going across the country to find opportunity in the heart of silicon valley. they closed on mo

i'm tyler mathisen at uncharted conference in the hamptons. >> they need to put a pool picture behind me at least or something. i'm kelly evans holding down the fort back at headquarters here, and over -- tyler, over to you. >> over the next hour we'll be talking to some of the market professionals, the investors, the people behind startups, the people who are funding startups who are gathered here at uncharted. we'll talk stock market, vc funding, and the future of ai. kel. >> all on the billion set itself. we're looking forward to it, tyler. thank you. a quick check of the markets to show you the major averages. dow slipping two points and s&p down 11 and nasdaq down 42. the nasdaq has been higher in seven of the past eight weeks, but it's close right now. there you can see on the week we're down just fractionally, and we'll check out shares of nvidia, kind of the fulcrum point of the market. the stock yesterday hit an all-day intraday high of 40, nearly 141 but as current levels it's just short of a 10% correction in little more than 24 hours. >> well, it has been a good run for a

i'm tyler mathisen.he boeing ceo testifying before congress with many expecting the airline executive to face a thrashing from lawmakers. more on that in a moment. >>> plus, doing it elfing right. bullish on elf beauty despite signs of an overall weaker consumer. that's further ahead. >>> and first, a check on the market. three major indexes are up ever so slightly, as you see right there. or as i can't see right there. trust me, they're up a little bit. the industrials, nasdaq and the s&p 500. treasuries moving on a back of the retail data as well today. >>> and check out the semis, the group overall higher adding to recent gains. micron leading the way. we have much more on those names later in the show. >>> check out shares of la-z-boy up 18%, releasing strong quarterly results. a lot of strong la-z-boys out there. >> sure are. >>> boeing, the ceo testifying right now. phil lebeau has been monitoring this. phil? >> it has not begun yet. but dave calhoun had just walked into the hearing room. we expect

alongside ellie evans, i'm tyler mathisen, and we will get to that presidential debate, but let's startets. the nasdaq and the s&p 500 did hit new record highs earlier in the session following some inflation data called the pce showing that inflation is still rising but slowly. and as expected. >>> and as we wrap up the first half of the trading year, look at the gains for the major averages. okay, 4% on the dow. 15% on the nasdaq, and nearly -- i'm sorry, for the s&p, and nearly 19% for the nasdaq. and dragging on the dow today is that big drop in nike, which is costing the index more than 120 points. goldman, caterpillar, unh, helping to balance out nike's negative impact, so let's talk more about the set-up as we now, believe it or not, head into the second half of the year following a great and epic first six months. let's bring in david, chief market strategist at turtle creek wealth advisors. who's the turtle, who's the rabbit for the back half? >> you're right, kelly, it's been a very strong first half. if you told me at the beginning of the year, when expectations were for six r

i'm tyler mathisen in for melissa lee from studio b at the nasdaq. at the desk, tim seymour.e's not here, but we'll couldn't him on the desk. karen, courtney, steve grasso, welcome one and all. >> thanks for being here, tyler. >> thanks for having me. >>> we start with a historic plunge in shares of nike. that stk seeing by far the biggest drop in the s&p 500, underperforming the second worst stock by a factor of two. nike's near 20% plunge marks its worst day since going public in 1980. all after a massively disappointing earnings report last night. the sneaker giant missing earnings and revenue forecasts for the quarter, slashing guidance. it now expects fiscal year 2025 sales to be down mid single digits. analysts were looking for nearly 1% growth. current quarter, nike expects sales to drop 10%, warning of slower online sales, macro uncertainty in china. never a good thing. and, quote, uneven consumer trends around the world. the stock closing the day at its lowest level since march of 2020. steve, you are a buyer here amidst a really soggy report. >> yeah. it's not to sa

alongside kelly evans, i'm tyler mathisen. elon musk responding that ai bought chips from nvidia.ut had them shipped to two other companies instead. >>> ahead of friday's jobs report, we're talk to former secretary marty walsh. >>> let's get a check on the markets. before that, stocks have been mixed this whole trading session. dow hanging on to 86 quarter point gain. the s&p lower by 7. the nasdaq lower by .2% today. >>> today we also have five states and washington, d.c. holding primaries. and though the presidential nominations are all but guaranteed, one key issue on voter's minds is what happens to those tax cuts set to expire next year. it's a $4 trillion question with huge implications for the economy. megan ka sell la joins us now with more. megan? >> reporter: kelly, former president donald trump and some republican lawmakers are signaling they want to see a full extension of those 2017 tax cuts. but it will come at a price. new research on the joints committee on taxation says a full extension would cost $4 trillion over the next ten years and committee for responsible f

alongside kelly evans, i'm tyler mat mathisen. glad you could join us.he dow is lower but tech stocks are bouncing back thanks to nvidia. auto dealerships are not. many are still struggling with the effects of a crippling cyberattack. we'll hear from a dealership owner and a cybersecurity expert for the industry. >>> and delta is opening a fancy new lounge at jfk. we'll talk to the company's ceo about efforts to attract higher-end customers. but first, let's get a check on the markets. flip side of what we saw yesterday, today is the nasdaq leading the way as ever, up 1% while the s&p is now up .25%. the dow is down 3.10 weighed by boeing in some part and down off its lows of 400. shares of home depot are costing the dow 100 points. concerns that consumers are getting more selective about their home improvement projects. volumes are still struggling. nvidia, of course, is contributing to the gains of the s&p and nasdaq. reversing a big three-day slide, that cost the stock 15% from its peak last thursday. tyler, it's up almost 6% today. >> all right. we h