About chinas economic challenges, calling the country a ticking time bomb. Lets begin with the markets on this final trading day of the week as investors digest todays ppi number interesting, sara. I mean, 0. 1 is not that dramatic we had a negative revision, but coming off the stellar reception to cpi yesterday, maybe it looks a little bit worse yeah, after a zero percent in june, you dont want to see it tick up to 0. 3 in july, which is what we got, and we know Producer Prices are wholesale prices that feed in, so maybe a little deemphasized because we already got the cpi read but you just dont want to traders, investors are on guard for inflation to hook back up. Right . Like, we hope people are hoping that the inflation data, which has shown moderated inflation, been celebrated as good news, will take us down to the 2 target and the feds work is done, but theres a chance that, look, it could be sticky we still see a really tight labor market where wages are rising we see Oil Prices
Over much of the past three decades ive been an investor. And then i made the highest call of mankind and i got involved in private equity. Then i started interviewing. I learned in my interviews how the leaders make it to the top. I didnt ask him how much he wanted i did not negotiate. I did no due diligence. David Ariel Emanuel is one of the most important figures in the 19 history. He represented among others today he his built endeavor into one of the leading sports conglomerates of the world. I sat down to discuss the future of the industry with him. You are running a multinational multibilliondollar Sports Entertainment conglomerate. What is it like running a multinational sports public that is company that is public. As opposed to a town agent . Ariel it is natural but it is different. Its bigger than everything i ever dreamed of. There was the portion unlike where you are dealing with investors. You are dealing with how to grow the business, where you want to go. A great Traini
Over much of the past three decades ive been an investor. And then i made the highest call of mankind and i got involved in private equity. Then i started interviewing. I learned in my interviews how the leaders make it to the top. I ask him how much he wanted and he said to 50 and i did not negotiate. I did no due diligence. David Ariel Emanuel is one of the most important figures in the entertainment history. In the mid1990s, he started endeavor and it represents among others, martin scorsese. Today he his built endeavor into one of the leading sports conglomerates of the world. I sat down to discuss the future of the industry with him. You were a talent agent for much of your career and now you are running a multinational multibilliondollar Sports Entertainment conglomerate. What is it like running a multinational Sports Company that is public. As opposed to a town agent . Ariel it is natural but it is different. Its bigger than everything i ever dreamed of. I still do a lot of work
Mcmullen on persistent inflation and how the consumer is doing at the grocery store. Its a big deal for sure. Topping tape this morning is the focus on the fed and what youre seeing right now from markets is wait and see, Holding Pattern, if ive ever seen one. The s p is just about flat on the session and the nasdaq is outperforming, if you want to call it that, sarah. Its up about one quarter of 1 . Right now, weve got cnbc senior economics reporter Steve Liesman joining us right now steve, sarah and i talked about it this is very much about what the fed is going to say. Is there any surprise happening or is the market pretty much just baked in, that one quarter percentage point hike at this point . Actually, both of those are true the market has baked it in, but i think theres some possibility that the fed looks at the landscape, especially the landscape as tainted yesterday by the Regional Bank, the decline of Regional Bank stocks, and says, you know what, this is a problem here and
The winner, the loser, and the impact, straight ahead. Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight tim see your, courtney garcia, dan nathan and guy adami. The dow dropping nearly 400 points, the nasdaq down a percent. Rates are back on the rise. The yield on the tenyear treasury touching 4. 4 for the First Time Since last november. Were going to get to that in a minute. But butfirst, we turn to tesla. They reported q1 deliveries that fell far short. The Company Getting fewer than 390,000 cars to customers, its first year over year delivery decline since the height of the pandemic and the biggest miss in five years. The report promming uber tesla bull dan ives to call it an unmitigated disaster that is hard to explain away. He has a 300 price target, still, a level that it hasnt seen since september 2022. Is this the straw that finally breaks the tesla bulls backs. Are we at an Inflection Point . Guy, what do you think . Huge lef ivel in the stoc