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Launching its ipo road show, a blockbuster deal which could value the company as much as 52 billion. Were watching media names, wbd warning of prolonged impact from the strike while disney fires its latest volley in its dispute with charter. Its great to have cramer back in the chair. We missed so much last week, between lulu and the china names and chewy and wolf. First of all, its great to be back. Thank you for the wellwishers. It was a triple hernia. I managed to come through it in a way that i feel very, very strong. I always love september in our business because everybody does come back to work except for the people that still work at home. They want to get back to work. There are a couple of points we have to talk about. One is the bonds are going the other way. Thats going to be septembers headwind. Again, the Interest Rates are up. I think were making much too little about the strike, the uaw strike. By the way, the writ ....
Plus a mega deal in the oil industry. Chevron is buying hess. Were going to have the ceos of both Companies Joining us here at post nine momentarily. And one of apples largest suppliers, foxconn, reportedly being investigated by authorities in china. They are said to be conducting tax audit inspections and revving land use of foxconn subsidiaries. That is pressuring sales of apple a bit as we get started with trading 29 minutes from now. Carl . Actually, im going to send it to myself. Thank you, carl. We do start not with the markets itself but with that major deal in the energy sector. Chevron agreeing to acquire hess. Its an all stock transaction, valued at 171 a share before before we see chevron trade this morning. The ratio, 1. 025 shares of chevron and again were going to be speaking to both the gentlemen behind that deal very shortly. Jim, it follows, of course, exxon and pioneer. I am told, however, these two were talki ....
That macro picture. Consumer prices down. Retail sales flat. Jamie dimon calls on the u. S. To get its fiscal house in order. Plus the intensifying a. I. Race. Google is rolling out its most powerful a. I. Assistant yet. And a Bipartisan Senate group out with a new report on how best to regulate the technology. Sara eisen is live from jerusalem, speaking oneonone with israeli Prime MinisterBenjamin Netanyahu. Lets get to the cpi print. As we pointed out, 3. 6 core year on year, jim. More than half is gasoline and shelter. Its only going to get better. Gasoline, obviously, oils come down. Iea with some reports saying its not shouldnt even be at this level. Food, were starting to see some things in food that indicate that things are getting better. I mean, for instance, one of the things they said that was bad was ....
On the ev front, including the chinese ev maker thats making its debut right here at the nyse, and new data shows tesla is losing market share in china. Plus, apple apologizes for its controversial new ipad ad, saying, we missed the mark. Lets begin with the markets. We mentioned the s p, jim, trying to make some alltime highs. Was that 5 pullback it got digested it got digested, and then the money didnt go back to tech it might happen today because taiwan semi had its monthly report and it was really strong. The rally broadened to all sorts of crazy names, and some people would say it had to falter because in the end, we got an upgrade of none other than 3m. Ill take that. This is losers win day warner bros. Discovery, bumble today is like forgiveness day, but the warner brothers, just right up davids alley i put you right in porterhouse and youre having the characteristic crystal with that one there was an upgrade of roblox that was from sell to hold. Moffett nathanson, one of the be ....
Ahead of the open. Cloud sales growth accelerates the company also aims for spending more on a. I shares of starbucks under pressure theyre down after a decline in samestore sales it also slashed its forecast were going to be joined exclusive by starbucks ceo just a few minutes from now lets begin this new month for markets after ending a rough april with that selloff. Worst day since january 31st worst month since september 23. Some of it was because theres a belief that really, this happened in the last few hours yesterday that if the fed chief is asked the question, do you think that the next move should be increasing rates or decreasing rates, it puts him in a horrible bind . H what is he going to say . This was literally the narrative i heard yesterday as Interest Rates ticked up. You know that people are going to try to trap the chairman, but hes not easily trapped. No, hes not. Although youre not necessarily in favor of the ....