Spotify also calling out AI as a driver of user engagement, but the company has yet to capitalize on the technology to bolster its ad business. AI could ultimately pose an even more existential threat and Julia Borson has that in today's tech check. Julia deploy AI to drive ad growth just as Meta and Alphabet have used AI to improve ad creation, targeting, and measurement.this as it also watches the threat of AI to intellectual property, showing how AI's power can be a double-edged sword. Now, Spotify sayin ...

Welcome back to the exchange. Spotify shares sinking today, down 10% right now after Q2 revenue miss lackluster guidance. My next guest recently upgraded shares to outperform and is establishing an $800 price tag.It's currently trading at $629 and change. Joining me now is Jason Hstein, head of internet research at Oenheimer. Jason, it's great to have you on.You upgraded the stock what last week ahead of the print today. What do you think now that we got these results. >> Correct.So our thought was the stoc ...

Brian, thank you very much. And yes, we are here with Scott Besson. Mr.. Treasury Secretary, thank you so much for doing this and being live on CNBC. Really appreciate your time today. >> Good to good to see you. Good to be here in Stockholm.>> Take us behind the scenes if you could covering these things as as we reporters travel around the world following you guys. Uh it's sort of a black box. We don't know what happens inside that room.We occasionally get the handout picture. How do how are these talks ac ...

what after your talks today uh will those tariffs be imposed on the Chinese or may did you make any commitments to pause them or not target the Chinese specifically with those actions and then what would you say is the biggest concessions that the Chinese have had to make in these talks so far. Well, I I I'll just repeat that China is the most unbalanced imbalanced economy in modern times. And I think we are going they're 30% of global manufacturing.They have a 2% current account surplus of global GDP which ...

So, let's talk about all of it. What it means for the industry, what it means for transportation and freight in general, and whether we could see more consolidation coming to the rails. Donald Broen, Broughten Capital Managing Partner, joins me now. And Donald, it's great to have you on. Let's start right there because we haven't seen a mega merger in the rail industry. I mean, yes, Canadian Pacific and and Kansas City a couple of years ago, but we haven't seen something big like this in more than two decad ...

So joining me now is Eric Johnston, chief equity and macro strategist at Canerfizz Gerald. Eric, it's good to have you on. Threebs.Before we break those down, tell me why you see a near-term pullback and why you'd be buying if you did see that. Sure. So I, you know, fundamentally, we we've seen tariff rates that are likely going to be somewhere in the 16 to 17 18% uh area, likely going to translate into 600 to 700 billion of of tariff revenue.And I think if you I think the market is too complacent around wh ...

We have some more news. Mackenzie Seagalos has it in San Francisco. What are we learning here.Hey, Scott. So, Anthropic is in talks to raise as much as $5 billion in a new funding round that values the company at 170 billion. That's according to Bloomberg.They've got Iconic Capital leading the round. Now, this follows an FT report Friday that you and I talked about that Peggy AI startup's next valuation closer to $150 billion, which really underscores how quickly investor expectations for that clawed chatbo ...

Josh Brown, you have a final trade you want to give me, please. >> Think Spotify is getting overdone. I may enter.No position yet, but this is too much. >> Okay, keep an eye on that stock. Uh, which is getting hammered today down near 12%.Kevin Simpson, what you got. >> IBM, it's down post earnings. They raised fullear free cash flow, reaffirmed revenue, reasonable multiple, and almost a 4% dividend.>> All right, the linkster >> verdive electrification. That's the theme I continue to like in industrials are ...

Joe has some new buys in the energy patch and you're focused on the refiners. >> Yes, I'm just trying to find some opportunities in a market where I currently don't have exposure. We're coming into a seasonally strong period.You're coming into the hurricane season and there's also been a very strong outperformance when you look at the spread between reformulated gasoline, heating oil relative to crude oil. Crude oil is down 5% year to date, but get reformulated gasoline and heating oil are both higher. So, ...

Yeah, I think the reason why the stock is showing the strength is that things like crypto, the recent IPOs from f and tech companies have caused investors to come back to the sector and re-evaluate it given the tremendous growth opportunities that are ahead of us. I mean, we're driving 44% year-over-year revenue growth and we're just starting to benefit from two technology super cycles. Um, we're at an unprecedented point in time where AI and blockchain and crypto will fundamentally change the financial ser ...