Let's get to Matt Dash with Jim before we get to the opening bell. >> In this country, we once had prohibition. I'm beginning to think we now have self-prohibition.There's a Gallup poll talking about American self-reported drinking down to 54% after consecutive declines believe moderate drinking is bad for health. The Gen Z's aren't drinking. I have to tell you that this is another reason to stay away from the stock of Diagio.Beer remains America's favorite booth. So I'm not going to go into beer stocks alt ...

Financial Performance - Cisco achieved 5% growth for the year and strong EPS growth [2] - Q4 showed meaningful growth of 8% and double-digit EPS growth [2] - Cisco recognized roughly $1 billion of AI infrastructure orders during the quarter [4] AI & Webscale Business - Cisco more than doubled its initial target of $1 billion in AI orders from webscale customers [3] - Large cloud providers (the six of them) grew triple digits (greater than 100%) for Cisco during the year, marking four consecutive quarters of growth exceeding 100% [11] Security Business - Excluding US Federal, overall bookings were up 10% [7] - Excluding US Federal, security orders were up double digits [7] - New and refreshed security products, comprising 2/3 of the organic Cisco security portfolio, grew in excess of 20% during the quarter [9] Innovation & Technology - Cisco is delivering innovation at a faster pace than seen in a long time [8] - Cisco's products consume less energy, driving strong demand from webscale customers [10][11] - Cisco is fusing security into the network to avoid latency issues [15] Agentics & Labor - Customers are aiming for "Agentics," which involves machines performing tasks typically done by people [14] - Cisco is evaluating whether new hires are necessary, exploring technology-based alternatives [16]

I mean, just real quick, there's two parts to it. We have to uh update all of the infrastructure and technology around air traffic control. That's one problem.We got $12.5% billion in the big beautiful bill down payment. We're going to need 31.5% billion to do the whole job. Which, by the way, for the Congress's Trump change, uh it's a really great investment.The return will be 10 or 20x uh on what money we put into air traffic control. But in regard to controllers, if you're flying over the summer, it coul ...

>> Welcome back to Squawk Box. >> Joining us right now, House Minority Leader Hakeem Jeffries. There is so much to talk to you about this morning, about everything that's going on in Washington, about the BLS, the fed.We could talk about Nvidia Democratic Party, but I want to start with this. And by the way, mea culpa on me too. So but I'm curious where you land.For the last several months, the Democratic Party, for the most part, has been publicly suggesting that because of these tariffs that the economy w ...

>> Welcome back to Squawk Box. >> Joining us right now, House Minority Leader Hakeem Jeffries. There is so much to talk to you about this morning, about everything that's going on in Washington, about the BLS, the fed.We could talk about Nvidia Democratic Party, but I want to start with this. And by the way, mea culpa on me too. So but I'm curious where you land.For the last several months, the Democratic Party, for the most part, has been publicly suggesting that because of these tariffs that the economy w ...

We're a couple seconds away, folks, from our July release of the producer price index. Headline number is whoppingly big. Oh my goodness.Up 9/10 of a percent. Up 9/10. And if you strip out food and energy, guess what.It's still up 9/10. Boy, uh that equals June of 22. You're March of 22 on the headline to find a bigger number on the core number.uh that would comp uh March of 22 since we've had a number of that magnitude when it was 1.2%. These are kind of COVID distorted numbers. Now let's look at X food, e ...

Apple shares have been picking up some steam uh in August up nearly 13%. Company reportedly beefing up its AI offerings with new consumer devices. Join us now Tony Wong Tro price portfolio manager.Did you ever waffle Tony. Do you ever think uh wow the this is different this time for Apple when it was pulling back a little bit. That's always been a mistake.Yeah, I think that at the end of the day you have to you know think that Apple is still the ecosystem provider. everyone is still using iPhones. As long a ...

Welcome back to Squbox. President Trump signing an executive order entitled Enabling Competition in the Commercial Space Industry. That order aimed at expediting innovation and streamlining regulation.Joining us right now on this and so much more. I want to talk about what's going on at uh you know the FAA and planes and all of that. Transportation Secretary and acting NASA administrator Shawn Duffy.Uh Mr. . Secretary, good morning to you. Morning.You want to talk space or you want to talk planes first, sir ...

Welcome back to Squawkbox Open AI turning up the heat for competitors in the very lucrative market for these folks. Uh McKenzie joins us with more. What's happening.What's what's how much money can people even spend for these people anymore. Quite a lot as we're seeing with all these new uh valuations coming in every other day now. Uh but Sam Alvin, he really turned open AI into a cultural force with chat GBT.But now he's chasing enterprise, which is where the real money is. GBT5 is at the center of that pu ...

Our next guest will weigh in on the state of the econom. We already been talking about uh this gentleman all morning long. The Fed, the central bank's leadership, and more.Joining us now, Mark Summerland, who served as deputy director of the National Economic Council in the George W. Bush administration, now managing partner of economic consulting firm Evenflow uh macro and um is that a pearl jam and has been mentioned as a possible candidate for Fed chair. I think I think it is.Uh great to have you uh Mark ...