i'm shepard smith at cnbc. an active shooter yet again first reported about one hour ago in tulsa now, police there say a gunman opened fire at a hospital. captain richard melvinberg telling nbc news he believes the gunman shot and killed at least three to four people he says several others are injured and that the death toll may rise a live look now at our local station, 2 news oklahoma heavy police presence right outside the hospital police told the station the shooter is down, though gave no more particular details. these are live pictures coming now from our affiliated station there. they have been describing two perimeters around this hospital and medical complex. one right up on the facility and one that's a bit farther back. again, the shooter is down initially, the police reported the primary shooter was down and we presumed there were indications they were looking to see if there were other shooters, not as a confirmation that there were. again, this is at a hospital in tulsa, oklahoma. let's listen in

the finger lingcking finger pupitiet the s&p up 179 ♪ ♪ i'm shepard smith on cnbc. it's the bottom of the hour, time for the top of the news >>> flight delays are way up and so are customer complaints the moves the airlines and the passengers are now making to improve the situation, and an olympic swimmer pulled unconscious from the pool, and it wasn't the first time for her or the person who rescued her. >> but first, big oil called to washington for an emergency meeting. >> the energy secretary jennifer granholm today med with executives with these companies, the goal try to lower gas prices and boost domestic supplies. the closed-door meeting comes a day after president biden called on congress to suspend the gas tax to try to ease the pain at the trump. aaa reports the national average price for gas is now 494 a gallon, down six cents from a high a week ago, still up about 34 cents from last month, nearly $1.90 from last year cnbc's washington correspondent eamon javers how did the meeting go do we know >> the industry officials pushed back on the idea of a ban

other companies are watching, though we surveyed the cnbc global cfo counsel. that's a group of financial executives from a cross-section of companies when asked if they agree with the statement that a company should do business in a place where laws are open and inclusive, 50% agreed, only 35% disagreed. and the stakes get even higher when it comes to abortion. by 2-1 an executive says a state's restrictions on abortions could in fact influence where they make their location decisions we should point out, eamon, we're not going to look at abortions in this year's top states for business rankings because it's such a moving target but it's something the economic development community is watching closely and carefully >> scott, thank you. a big issue forcompanies there >>> after months of waiting, shots are now going into the arms of the youngest americans and according to some new numbers, there might not be a long wait for those shots. >>> and charting the bounce back for bitcoin after >>> america's youngest children can finally get a covid shot cdc director ro

at cnbc. here is your top five at 5:00. stocks trying to avoid a three-day losing streak as the dow braces for the ninth down week in the last ten futures are mixed right now. >>> not helping. mixed messages from jpmorgan chase as the top strategist predicts a grim outlook from the chairman and ceo those comments coming up. >>> a big day for energy with the key opec meeting coming on deck this amid reports that president biden will do some face-to-face negotiations >>> plus, mark zuckerberg is losing his number two at meta platforms as sheryl sandberg announces her departure from the social media giant. >>> later on, we highlight one stock bucking those inflation headwinds. it's surging right now in the pre-market it's thursday, june 2nd, 2022. you are watching "worldwide exchange" here on cnbc >>> good morning welcome to the show. i'm dominic chu in for brian sullivan let's kickoff the hour with your money and the market modest moves before the opening bell s&p is up 16 the nasdaq up by 72. some positivity. modest at that

at cnbc global heads he headquarters. here is the top five at 5:00 trying to claw back losses shares of tesla edging higher after a nearly 10% haircut on friday we have the latest ahead. >>> and it is not just stocks. oil is also, get this, edging higher retail gas prices hit another record high and possibly a consumer breaking point. >>> drama at 10 downing street in the uk. prime minister boris johnson is set to face a vote of confidence later this evening we have a live report from london ahead >>> later on, it is apple. first in-person developer conference in years. the latest from tim cook and company is coming up >>> it is monday, june 6th, 2022 you are watching "worldwide exchange" here on cnbc >>> good morning welcome to the show. i'm dominic chu in for brian sullivan let's kick off this hour with the check on the markets and your money right now, stock futures are indicating a rebound the dow implied higher by 280 points s&p higher by 45 the nasdaq higher by almost 190 points at this point, technology is a key fo

you are watching "worldwide exchange" on cnbc. good morning i'm courtney reagan in for brian sullivan kicking off friday morning with stock futures higher this was after another down day on wall street yesterday's broad based selloff saw the dow shed 740 points to close below 30,000 for the first time since january of 2021 worst for the s&p. futures are indicating a higher open dow jones industrial average opening higher by 250 appoi points. nasdaq lost more than what we saw at the dow and s&p the nasdaq losing more than 4% on the session indicated higher here so far this morning for the week, the dow is down more than 4.5% s&p down 6%. both on pace for the worst weekly performances since on 2020 meantime, the nasdaq down more than 6% this week. on its pace for the worst week since january. ahead of the open, here is where we stand dow afteoff 19%. s&p off 23%. nasdaq off 34% let's get a check on yields. this was fed week and the fed reserve raised rates by .75. the 2-year treasury at 3.176%. let's get a check on things in the ene

popular podcasters it's wednesday, june 22, 2022, you're watching "worldwide exchange" right here on cnbc good morning, welcome to the show i'm dominic chu in for bernie sa brian sullivan president biden officially calling on congress to suspend the gasoline tax a amon afters is standing by with those details. >> what we know right now is that president biden is going to call on congress to suspend that gasoline tax, 18 cents a gallon, through september. so the president is going to ask congress to suspend the tax. we know about the president's plan right now, calling for the taxes to be suspended three three months asking states to suspend similar taxes or find similar relief asking the industry to put record profits on work calling on retailers to lower their prices that's an 18 cent tax on gasoline, 24 cents on diesel he's calling for no affect on the highway trust fund those taxes go into the highway trust fund to pay for improvements in the highway system the president is arguing here, senior administration officials said yesterday, there's been a surplus elsewhere in the government

at cnbc. here is the top five at 5:00 stocks set to close a tough first half of the year s&p 500 looking at the first big loss of the year futures are pointing to more pain on the way. >>> wti on pace for the longest quarterly win streak as opec members gather to discuss output amid record costs. >>> deared ed deal voter delan the discount airline. >>> shares of rh sliding as the chain becomes the latest company to offer warnings about the road ahead. >>> security concerns in america's heartland. the farm land bought by a company from china just feet from a military base >>> it is thursday, june 30th. you are watching "worldwide exchange" on cnbc. >>> good morning i'm seema mody in for brian sullivan at this hour. let's kickoff the hour with the check on the markets your money and futures pointing to a lower open. dow down 200 points. nasdaq down 160 points stocks looking to close out a tough first half of the year not counting today, dow is down 14.5% so far this year much worse than the s&p.

here on cnbc stocks trying to keep rallies alive. new economic red flags speaking of those red flags, the new warning from one major european investment bank on the macro landscape haits shares sinking and overseas trading another day and another record for u.s. retail gasoline and diesel prices why it is likely to get worse and worse as the summer rolls on. why the housing market should be showing signs of a slow down, we are taclking about inventory. and later the most valuable team it is wednesday, june 8th, you are watching "worldwide exchange," good morning you to, i am frank holland in for brian sullivan let's kickoff at this hour with the markets. the dow can open about 100 points lower all three indices about a third of a percent lower ave every index remains in bare market territory, down 10% or 20%. the nasdaq lagging, sitting at 24.9% from its all time high checking the bond market with the 10-yr at 3.01% this is a rapid rise two weeks ago from today, this 10-yr yield was 2.74 now, oil market. this morning we are seeing at

despite massive positive returns capital >>> you are an a cnbc contributor. how long >> i think it's over 15 years, it's been a while. one of the first ones, i think >> all right, thanks s of >>> still to come this morng mohamed el arian joins us for his take on the markts what the fed should do next >>> what the treasury markt's telling us plus polestar going public by a spac today we will talk to the ceo in an interview you don't want to miss stay tuned squaungs will be right back. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. be be be >>> we have to see what's happening. the main thing is we can't fail at this. we really have to get inflation down to 2% we have to see evidence that it really is coming down before we

this is "worldwide exchange" here on cnbc >>> welcome back, everybody. happy friday thanks for joining us. just past 5:30 a.m. on the east coast. we are higher across the board haven't said that in a while we could be on pace for our first higher week in a month that's right we have lost steam and fallen the last four yearweeks. it felt like a year. sign of a longer term bottom or that bear market bounce we referenced we have to wait and see. dow futures up 202 nasdaq up higher on a percentage basis. take note of this. it could be one of the heavier trader days of the year. ftse russell is rebalancing. it happens once a year around this time where they kick stocks out and bring others in. why does that matter the indexes they reference are, of course, tracked and bought by numerous funds with trillions of dollars tied to the performance. you get a stock that goes into bigger indexes it has to get bought you get kicked out, it gets sold and it can really move stocks around among stocks on the move, former investor darling facebook now meta and paypal. all

this is the news on cnbc >> i was disgusted >> cassidy hutchinson. >> it wasunpatriotic. >> a top aide to trump's chief of staff. >> it was unamerican >> testifying president trump knew the mob had weapons. >> assault rifles, bear spray, body armor. >> yet he wanted the metal detectors removed. >> take the effing mags away. >> she testified he wanted to go with the mob. >> i'm the effing president. take me up to the capitol now. >> what she said was happening in the west wing as the mob outside chanted -- >> hang mike pence. >> he thinks mike deserves it. >> the explosive testimony. >> we are watching the capitol building get defaced over a lie. >> the committee members suggest there was witness tampering and who asked for pardons when it was all over >>> dozens of migrants found dead in a truck. >>> ghislaine maxwell learns her prison sentence. >>> and for the first time, what tesla owners really think about their cars >> announcer: live from cnbc, the facts, the truth, the news with shepard smith >>> good evening president trump knew the protesters were heavily armed on january 6th.

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at cnbc global headquarters. here is the top five at 5:00 bring on the bear. stocks fall more than 20% from the record highs hit back on january 3rd for the s&p. >>> a stock market selloff and inflation yet to peak. possibly forcing the fed's hand. new calls for a 75-point basis hike >>> as stocks fall, so does crypto details ahead. >>> and oracle out performing with that stock sharply higher we are telling you what that is. >>> and elon musk getting ready to address his soon to be staffers at twitter. it's tuesday, june 14th, 2022. you are watching "worldwide exchange" here on cnbc >>> good morning welcome to the show. i'm dominic chu in for brian sullivan on this tuesday morning. let's kick off the morning with the stocks set to rebound after a rough start to the week. you can se implying 180 point gain at opening bell 27 point gain for s&p and nasdaq up 113 points. that's modest. the bulls might take it as a victory with the sharp selling we have seen all of this after the losses yesterday with the dow falling nearly 900 points or 2.8%. the lowest close sin

she is a cnbc contributor and all around nice person gina, welcome back to the program. i blew it for the markets. we are green on a wednesday. is it inflation? is it the fed? is it earnings what will be the next major catalyst for these supermarkets? >> the fed is largely priced in. if you look at the s&p and where it has gone. the problem with the fed stimulus with the last two decades is it did not find its way to inflation until just recently it found its way into asset price inflation. if you look at average pes, it used to be at 16 around 14 to 15 times. 16 times is where we thought fair value was before the great financial crisis and before the pandemic we went all the way up to 20 now we're back down to 18. the markets have started pricing in tighter fed policies. in some ways, that is absorbed into the markets i think right now, the markets are now just trying to figure out if oil prices remain high, do we get tipped into a recession? that is the big question at the moment >> our rbi the other day had what they call the rule of 10. when mortgage rates and gas pr

at cnbc. here is your top five at 5:00. investors remain laser focused the chief economist is here. >>> call it a sign of things to come one major central bank with the biggest interest rate hike in 22 years. >>> bruised but still standing prime minister boris johnson survives a no confidence vote. a live report from london ahead. >>> elon musk with help from texas about the fake account problem with twitter >>> later, talk to me goose. take me to a lawyer. the legal trouble for the movie as it continues it soar at the box office it is tuesday, june 7th. this is "worldwide exchange. >>> well good morning, good afternoon or good evening. welcome from where you are watching i'm brian sullivan good to be back with you on tuesday. let's get a check on the markets. stock futures are down across the board. this after gains from the major averages on monday dow futures down 94. we could give back what we gained yesterday we have seen a lot of that in 2022 on monday, stocks bounced as bonds moved in the session the 10-year yield is

follow us on instagram and twitter at the news on cnbc. listen to the podcast if you feel like it by all means, have a great weekend. we'll see you back here on monday night >> narrator: in this episode of "american greed"... >> he had millions and millions and millions and millions and more millions. >> narrator: ...matt cox and rebecca hauck... >> matt says, "i got to get out of here. i got to leave," you know, "you want to come?" >> narrator: ...the bonnie and clyde of mortgage fraud. >> his plan was to get as much as he can and go somewhere else and do it and go somewhere else and do it. >> now, at that point, i really did, i thought, "they'll never catch me."

gordon bethune, the ceo of continental airlines and a cnbc contributor. gordon can you shed a little bit of light on this what is happening here >> the world's kind of turned upside down and i was listening to phil, and reminds you of two dogs chasing the bus i'm not sure the winner is the one who catches the bus on the spirit deal. obviously, a lot of fluctuations in the marketplace because there's a lot of fluctuations with the economy and it all kind of manifests itself to uncertainty and flying today is certainly an uncertain business. >> if you were still running continental would you be looking for a merger here? how would you play this? >> assuming that's not an option, what will you do >> i'm not sure, eamon, that mergers are deals and you've got to run this organization and hostile takeovers don't precipitate and thinking and good will. you are handicapping yourself because of the contested nature of this deal and it's not a friendly deal and it's not going to turn out well for anyone. >> in the reversal of fortune has been fascinating where spir

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cnbc.com. that stock down 14% right now. the cuts come amid high inflation and waning consumer demand for items stock down 11% during the trading session after cnbc reported the job cuts. after the bell, stitchfix reported 72 cents loss per share. stitchfix said the rollout of direct buy option as freestyle did not go well as hoped and more shoppers have been spending back to brick and mortar stores. andrew. >>> vail resorts stock surging in the quarter from the same time a year ago. ski passes for the upcoming season rising 9% vail raising minimum wage for u.s. employees to $20 an hour or 30%. a lot of people buying up those ski tickets in advance >>> coming up, the countdown is on in today's key read on inflation where we get you ready for the cpi numbers. >>> throughout the month of june, we are celebrating pride month. here is the producer brandon gomez. >> change requires persistence after i came out to friends, i knew my family had to be next. my mother was confused and struggling wit

follow us on twitter at the news on cnbc. listen to the podcast on apple, spotifory your favorite podcast platform. we'll you will be back with us tomorrow night for another edition of the news on cnbc. ay e and out of the hospital. don't take entresto if pregnant; it can cause harm or death to an unborn baby. don't take entresto with an ace inhibitor or aliskiren, or if you've had angioedema with an ace or arb. the most serious side effects are angioedema, low blood pressure, kidney problems, or high blood potassium. ask your doctor about entresto for heart failure. another crazy day? ask your doctor about entresto of course—you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want —your team, ours or a mix of both. with the nation's largest ip network. from the most innovative company. bring on today with com

major coins, they continue to drop we'll have more on that story throughout the morning and day on cnbc. around the world and sharon overnight, we saw japan down and the bigger developing story happens to be in europe. announcing a previously unscheduled meeting to talk about recent market volatility with a strong focus on that. the bond market is even sovereign, meaning government bonds. that's a big deal. we're going to have to wait to hear more from headlines from that emergency meeting and if anything was decided maybe that is putting a bid under equities because all the major averages, they are higher across the board conversation about the bond market route really a big story. all right. our top story here of course is the fed's big decision today, and growing likelihood of a 75 basis point or 3/4 of 1% rate hike all of that coming as stocks sell off in a big way. keith lerner at truist advisory says the s&p has fallen more than 9%. the end of the global financial crisis, we have seen drops like that only three other times. three times in 13 years. wow. and here's another big numb

you're watching "squawk box" on cnbc do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. >>> get down to the morning stock exchange and bring in jim cramer is it a disappointing session, jim or necessary session or we're ready for anything these days, i guess. >> talking to guys, the word is, listen, if it's a stock, it goes down it just doesn't matter and that's one of those give-up days where i don't know if it can stay that way the whole day, joe. everything is recommended to hold to buy is down. everything that's downgraded is really down. and it has just an awful feeling today. just awful and that's the morning but what a quarter, worst since 1970 geez there's nothing good here. >> i know. >> you know, everything can't be bad, can it? bitcoin, holy cow. how many guys are trying t

stephanie link, chief investment strategist and portfolio manager at hightower advisers she is also a cnbc contributor so, what do you think, link? is inflation peaking is that what you're hoping for or is that what you're expecting? >> yeah. i think macro is front and center at this point until we get earnings in a few weeks so yeah, it is inflation and it is the fed. it is interest rates it is potential recession where timing of when that could occur. cpi is very big this friday. the number is 8.2% if it's better than that, if it's cooler than that, then you will hear about the peak inflation and the talk is, tyler, you have inflation everywhere, right? and it's still very high and very elevated, and i think it's going to remain so just last week alone, we have unit labor costs up 12.6% and wages from the non-farm payroll rose year over year. the pce price index rose 3.3% year over year and these are astounding numbers and i've not seen in my life time and i think the fed will have to go 50, 50, 50 in the next three meetings and it's debatable i don't know why they would take the foot of

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at cnbc global headquarters. here is your top five at 5:00. stocks set to sell after the friday market meltdown futures down sharply right now. >>> investors still digesting the inflation report showing prices climbing at the highest level in 40 years. attention turning to powell and the fed meeting starting tomorrow. >>> as stocks fall, bond yields are surging with one hitting the highest level in 15 years. >>> a reckoning for bitcoin as the crypto asset sinks to the lowest level in two years. >>> if that were not enough, tech in trouble. the nasdaq falls deeper into bear market territory. could now be the time to scoop up a big sector at a big discount >>> it is monday, june 13th, 2022 you are watching "worldwide exchange" here on cnbc good morning welcome to the show. i'm dominic chu in for brian sullivan on this monday morning. let's kickoff the hour with the markets and your money stock futures are sharply lower and looking to extend the big selloff. the dow implied lower by 6 00 points that is off the lows of the session right now. the s

let's bring in ryan kilduff, the cnbc contributor john, explain this to us do you think with gas prices so high and oil so high that you'll see a skyrocketing market in solar, but we aren't seeing that, are we and i think john is frozen here. kelly, as we wait for john to get unfrozen here we'll talk about the mystery of why it is solar is not doing very well in the market where you would expect it would be rid now we'll move along and kelly, why don't i toss it back over to you? >> sure. we'll circle back to that in just a moment, i should say as we keep an eye on the whole energy complex you would think that under pressure the airlines would be doing better and those shares are firmly in the red as the sector struggles and bernie sanders now wants to take action against the airlines over their cancellations. let's go to our own phil lebeau. phil >> he wants the potential of potentially massive fines to force airlines to improve their performance, kelly here is the proposal that senator sanders has sent to the d.o.t. and it is unclear whether or not this will get much traction with sec

joining us boris schlosberg, managing director of fx strategy and a cnbc contributor, and i dare you to try and say all of, that boris that's a lot of stuff right there. >> that's a mouthful that you survived, yes. >> yeah, i guess i think i take comfort at a time like this, rightly focusing one's target down the road two to five years. why do you think these blue chip tech stocks will be the winners. >> so warren buffett once said that i would rather own a wonderful company at a fair price than a fair company at a wonderful price, and that's really my thesis here. basically the idea here is if you own these three bluest of the blue chips, microsoft, apple and google for the next two to five years, there's little i could think of that could go really wrong in this position. these are companies that have massive market dominance over their spaces their products essentially have a perpetual demand, and they're huge cash cows and effectively for all intents and purposes, they're averaging right now at around 20 to 25 p/e with a 20% growth some of them are growing faster than that. some

follow us on twitter at the news on cnbc. listen to the podcast on apple, spotifor >>> it's 5:00 a.m. at cnbc here is the top five at 5:00 the dow did something for the first time since january of 2021 futures higher. >>> president biden not giving up comments about recession and surging prices. >>> the rise in mortgage rates not slowing down hitting the highest rate since the recession. >>> and mark mahaner iy is

let's get to bertha coombs for the cnbc news update >> here is your cnbc news at this hour, ten people are dead and 40 are injured after a missile struck a mall. ukraine's president zelenskyy says the target presented no threat to the russian army and had, quote, no strategic value >>> a new york city law allowing non-citizens to vote in local elections is being struck down by a judge who said it violates the state's constitution the judge also argued the law violated sections of the state's election law and municipal home rule law and with inflation at 40-year highs, workers across all income levels are having a harder time making ends meet more than 150 million adults are living pay tcheck to paycheck en among those making $205,000 or more, 30% say they are living paycheck to paycheck that's an amazing stat, isn't it contessa >> sure is bertha, thank you for that. >>> up next on "power lunch," nat gas down 24% and we'll speak to the ceo of eqt. today's three-stock lunch re a "weconsumer calls from wall stetndpor lunch" returns after this don't go anywhere. costs.xpected out-t so if y

let's get to frank holland for a cnbc news update hi, frank. >> hi, seema here is your cnbc news update within this hour philadelphia officials announcing the arrest of two men who will be facing murder charges for the deaths of two bystanders last week the video shows the suspects fired randomly into the crowd after they heard gunshots down the block. >>> the uk is concerned about two british sinnicitizens and a moroccan as the january 6th committee prepares for its prime time hearing tonight with promises of major revelations, the top republican in the house says it is unlike any other committee in american history >> in fact, it is the most political and least legitimate committee in american history. it has permanently damaged the house and divided this country let's be honest, it is a smoke screen for democrats to push their radical agenda >> coverage of the hearing with shepard smith starting at 8:00 eastern here on cnbc seema and tyler, back over to you. >> thank you very much and ahead on "power lunch," oil sitting around ad$120. national gas prices nearing $5 on average how muc

in a cnbc exclusive, the in a cnbc exclusive, the rng by migraine hits hard, so u hit back with ubrelvy u level up u won't take a time-out one dose of ubrelvy works fast it can quickly stop migraine in its tracks within 2 hours without worrying if it's too late or where you are unlike older medicines, ubrelvy is a pill that directly blocks a protein believed to be a cause of migraine. do not take with strong cyp3a4 inhibitors. most common side effects were nausea and tiredness. migraine pain relief starts with u learn how abbvie could help you save. ask about ubrelvy, the anytime, anywhere migraine medicine. >>> the bears are back and taking over wall street. all major markets closing in the red. today the doubt dipped below 30,000 for the first time since january of last year. a close down more than 700 after a bear rally yesterday. all those gains are raised at the opening bell. the s&p dropped more than 120 points slipping deeper in the bear market territory. when an index drops 20% from a recent high, it is on pace for its 10th negative week over the past 11. the biggest loser, the

and here is your cnbc news update this hour the u.s. transportation department is lifting the trump administration's flight restrictions to cuba following secretary of state an blinken. chartered flights from going to cuban cities other than hadvanaa the disgraced lawyer michael avenatti sentenced to four years for stealing from stormy daniels. in february avenatti was convicted of identity fraud for pocketing $300,000 of daniels' 2018 book advance. and britain is holding four days of parades and pageantry to celebrate the queen's 70th anniversary on the throne. the unprecedented platinum jubilee represents a moment of light for the nation after two years marked by the pandemic and royal scandals full coverage of the royal celebration, tune in to "the news" at 7:00 p.m. eastern oh, by the way, if you watch a lot of nbc's coverage, kelly, you will see our friend wilfred frost there. >> which makes it even more enjoyable. >>> still ahead consumers getting picky where they're spending money is that helping or hurting names like lulu and rh

cnbc's senior editor is here onset with me. she's got the very latest and where are logistics managers seeing the pullback? >> in lumber, in home decor. they're seeing it in furniture and big appliances >> and where is this in particular, that hit home? >> in terms of ---ing. >> the supply chain, china, maybe vietnam. >> when you're looking at the furniture aspect, that's vietnam, china and malaysia. >> so, tell me about this. we've seen home construction like lumber. it feels like that is where this originated and where it's now spreading from what would be the next shoe to drop >> are they going to cutback on apparel and foot wear but they're not. and that's where you're seeing the strength i spoke with the national retail federation on it, as well as american footwear association saying are you seeing this pull back or my folks are not seeing in the supply chain. they said people are buying clothes for traveling with experiences. everyone already bought a dish washer and refrigerator. >> so, the curiouses thing is when walma

asness for his first cnbc interview in more than a decade. he said he's got his butt kicked during the pandemic, but the situation has certainly changed this year. his global value strategy fund is up 48% this year. the s&p 500 down more than 20% over that time i asked him about the thinking behind his strategy and why many value funds have taken the leg down in june >> june is actually one of the first, not horrible, one of the first bad months we have seen for value in a while thank god we spend a ton of time with our clients showing them post the tech bubble peak. i don't want to overstate it no period's exactly the same, but i think they kind of rhyme value made a ton of money over the next four years. it was highly, as the geeks would say, nonlinear it didn't make one divided by four years worth the money every day. it had big comebacks then whatever forces on the other side disagreed so you'll never, you shouldn't do this expecting to have a calm life but the giveback is not that huge this month and why are we sticking with it that spre

about an hour and 11 minutes from now live coverage on cnbc. seth, we have heard from some states where even if you drive someone to have an abortion, even you could be prosecuted are we expecting in some of the more conservative states, some of the states where this has been an issue for decades and decades and a heavy push, there might be things like that where we could run into an area of unintended consequences? >> well, absolutely. we already know that there are certain terms and provisions under state laws, including some trigger laws that are literally coming intoing effect any moment today, such as the proclamation that was just issued by letter and announced a few moments ago where there is going to be widespread criminal liability not only with respect to the health care provider, but, for example, if somebody takes a taxi, an uber or a lyft, what's going to happen to them are they going to be faced with a jail sentence? so there is a lot of implications to this keep also in mind the opinion by justice thomas he has said that although

. >>> good morning, welcome to "squawk box" here on cnbc. we are live from the nasdaq market site in times square -- or at least i am i'm becky quick along with brian sullivan, joe and andrew are off today. brian it's good to see you this morning. thanks for being here. >> sure. my pleasure. >>> let's look at the u.s. equity futures as brian mentioned you are seeing a big give back from yesterday's gains. the dow futures down by about 389 points s&p off by 58, the nasdaq down by 203 points. this comes just a day after the best day of the month for stocks yesterday the dow was up by 641 points the s&p and nasdaq were up by about 2.5%, but the relief we were feeling on the tuesday that felt like a monday, giving back some today we'll continue to watch but look at the treasury market you see the 10 year yielding right at 1.2% we'll see what happens with the 30 year at 2.89% right now crypto prices coming back down this morning right now bitcoin is down by about 3%, back to 20,429 but still well above the low it hit over the weekend when it fell

call me at 800-743-cnbc or tweet me at jim cramer on a day light today, where the dow plunged 638 points s&p following 2% and nasdaq nose-dived 2.65% give us a reason why you're selling did you? did you borrow too much money and the margin butchers are boosting you out or do you want money back on redemption and make you just can't take it any more and that is why wrur you're selling the only reason they buy is to make money right now the former camp is a lot more powerful than the latter now after spending all week talking to very same kinds of companies that led this horrendous market down, i got some good news and some bad news ax axios was saying the average ceo i've spoken to this week, when asked about plummeting stocks, they say simply why are you judging us on a quarter when we have such a positive long-term story. now that is a true statement but the problem is the owners aren't patient and if they keep buying on the way down, unless their super rich, they will run out of money. it is easy for millionaire ceo's to talk about thinking long-term. regular investors can't afford to

you're watching "squawk box," and this is cnbc this is xfinity rewards. our way of saying thanks, with rewards for the whole family! from epic trips... to jurassic-themed at-home activities. join over 3 million members and start enjoying rewards like these, and so much more in the xfinity app! and don't miss jurassic world:dominion in theaters june 10th. >>> welcome back to "squawk box" this morning the futures wrright now are in e red. >>> the retailers have had a pretty uneven quarter with inflation, supply chain issues and inventory missteps at this time yesterday, we were talking about target but if you want a bit of opt mi optimism, check out ulta beauty. joining us now is ulta ceo dave kimball. thank fo thanks for coming in >> thanks for having me. >> if you go back to the pre-pandemic lows. march 20, 2020, the stock was at $148 that day. now it's $119. this has been a pretty steady march higher, because consumers were wearing a lot more makeup for this eyes and lashes, with their masks up over this face. >> we are really proud of the results that w

. >>> good morning, welcome to "squawk box" here on cnbc. we're live from the nasdaq market site in times square i'm becky quick along with joe kernen andrew will be joining us later this morning he's live from the aspen idea festival with a big lineup including slack ceo stuart butterfield and alex carp. >>> this is a movie we've seen play out before, things have turned weaker, dow futures down 21 points s&p 500 down by 7, the nasdaq off by 32 and yesterday was a rough one for the markets, the worst in two weeks which doesn't sound like a lot but it's been a horrible first half. the dow down by about 1.5%, a decline of almost 500 points, the losses got worse from there with the s&p 500 off by 2%, and the nasdaq off 3%. getting lower and at the end of the first half the s&p is down by more than 18%, about 19% right now which makes it the worst first half we've seen in over 50 years. treasury yields this morning are looking lower than they were at this point yesterday right now the 10 year is at 3.179% and crude oil prices picked back up, abo

you are watching "worldwide exchange" here on cnbc good morning, good afternoon, good evening welcome from wherever in the world you are watching i'm brian sullivan thanks for being with us let's get to it. kickoff the hour with the check on the markets and money after the fed rate decision. stock futures are accelerating on the down side down across the board. dow futures down 500 points. nasdaq down over 2%. investors eyeing more rate hikes and likely recession we are seeing the markets right now should they open here wipe out everything they gained yesterday. stocks had a decent day. a little bit of relief rally on wednesday following the fed rate decision dow down 1%. the nasdaq still down 30% on the year if futures hold, we will eliminate the gains yesterday. bonds really are the bigger story around rates 10-year treasury and borrowing kost costs starting to soar the oil market crude oil under $116 per barrel. this is after president biden urging owners to produce more gasoline he said he will take some kind of action on it. refineries running 100% now. it is difficult to see wha

. >> that's what my cnbc op-ed was about. the rewiring of europe was after february 4th, europe came together more than ever before around sanctions with the u.s. and spending more on defense and supporting ukraine although the germans are accused of slow in getting weapons to ukraine now you have natural gas prices rising and inflation at 3.1% in may in eu. putin is counting on the u.s. not staying the course i think what this is all about is who can stay longer he thinks the democracies by and large have attention deficit disorder they will have more political troubles than macron not winning parliament after his election. this is a war of attrition against the staying power of the west >> we talk more about germany. the biggest economy in europe and one of the biggest in the world. in 2010, they started the energy transition they spent hundreds of millions if not trillions on it carbon emissions are slightly lower. you haven't gotten a lot of environmental benefit yet from it now talking about rationing and weaning off com

told me over the weekend because the fed must curb demand to curb inflation, the -- this morning on cnbc president biden's top economist responded. >> well, we all certainly hope that the fed can get inflation under control without ceding too much on maximum employment when we look at recession, we're obviously watching but the bones of our economy remained solid. so we have the headwind to face these challenges. >> of course, the length of time it takes to curb inflation could erode some of that strength. >> evening when i was he's focused on lowering the price of insulin, which, of course, is great. i don't know exactly the mechanism by which that would happen, but why do we keep hearing about this move more than many others which he has put on the table obviously it's not connected to any kind of real relief, i don't think, for consumers on the recession or inflation front. >> the reason, kelly, why you keep hearing about it is there is some semblance of support to pursue policies that lower drug prices there could be a renewed push in the coming weeks to pursue a very much slimmed-do