Welcome back. Upstart, an AI powered lending platform sliding this morning, down 13 and a half% despite beating on top and bottom lines. The company partners with banks and credit unions to provide credit products and automate loans.This is banks look to further integrate AI into their business models. Joining us now, Upstart CEO Dave Gerard. Dave, uh, what do you what do you make of the stock reaction to, you know, what on the surface feels like pretty good earnings this morning.>> Uh, yeah, Lesie. Look, I ...

Some breaking news on trade this morning. Just crossing the wires. The White House says an additional 25% tariff will now be imposed on India.That brings the total tariff to 50%. All of that due to what the White House calls Russian oil purchases on behalf of India. We'll get some more details as we get to them as we get them.But we mentioned earlier uh with uh with Jim David that the relation between the US and India has become a little more fraught because India is in a position where they're saying you d ...

Let's get to McDonald's this morning. They did serve up an earnings beat. EPS and revenue came in ahead of expectations.Global comps up 38. Let's bring in Evercore ISI analyst David Palmer has a buy and a 350 target on the stock. David, good to see you.Comps were a bright spot and yet the commentary was, I guess, qualitatively a little cautious. What's your take on it. >> It was actually a really good earnings call.the the Q&A uh really focused on the fact that they need to do more on value for that 50% of ...

Go to CNBC. com. Now.>> Shares of Shopify are soaring after the e-commerce company reported 31% revenue growth in the second quarter. That's amazing. Joining us now first on CNBC to talk more about the company's earnings.And Shopify president Harley Finkelstein. Harley, it's great to have you on the show. It looks like that you are now the largest Canadian stock.>> Well, I didn't I didn't realize that. I mean, look, the results you're seeing today, Jim, are from years of investment and building. And I think ...

Super Micro's Financial Performance & Challenges - Super Micro's shares plummeted after weak Q4 results and soft guidance, dropping more than 18% [1] - The company is facing a growth trap, burning through cash and sacrificing margins to scale production for AI server demand [1] - Super Micro's CEO admitted a lack of working capital for rapid expansion, leading to a $23 billion convertible bond offering in June [2] - Margins collapsed from 18% at the end of 2022 to under 10% currently [2] Competitive Landscape & Risks - Super Micro competes on price against larger players like Dell and HP Enterprise while assembling expensive AI components [3] - Customer concentration is a risk, with approximately four customers contributing over 50% of revenues [3] Technical Advantages & Opportunities - Super Micro has technical advantages, being first to market with new AI server configurations and possessing valuable liquid cooling technology [4] - The company needs to translate technical leadership into sustainable profitability and reduce reliance on Nvidia's chip releases [5] - Super Micro is participating in a major infrastructure buildout in the tech industry [5] AMD & China Shipments - AMD's CEO was unsure about the status of licenses for China shipments, causing concern on Wall Street [8] - The negative reaction to AMD's stock shouldn't be solely based on China shipments [8] - AMD is ramping up GPU production this year and next year, with next iterations planned [9]

Getting some breaking news on Apple this morning. Let's get to Washington and Megan Cassell. Hey Megan. Hey Carl.Good morning. So we've known the president was making a big announcement today at 4:30 PM in the Oval Office. And now we can report that according to a White House official, it's an Apple investment.Apple says it will be upping its investment in the US by 100 million to bring the total to $600 billion uh over the next few years. They say this 100 billion commitment to America is a significant acc ...

Well, they can 2500. They just spent a fortune to to start up anyway. But look, Gell Singer tried to build things in in here with government money and he lost 18 billion and now we got a balance sheet that I don't even know can sustain what's going on.Let's get the opening bell this morning of the CBC real time exchange and the big board. It's Blackberry. Speaking of phones, a software and cyber security company.Now at the NASDAQ Global Terra Acquisition Corp is back celebrating a recent IPO. Jim, speaking ...

The Dow, S&P, and the NASDAQ all about 2% from their highs. Savvita Subramanyan is the head of US equity and quantitative strategy at Bank of America securities and she joins us live this morning. Sevita, you were looking for a price target not much higher than where stocks are right here for the end of the year.But you do say there's upside risk to that. I do think so. I mean, look, I we're at a point that is frustrating because sentiment is not necessarily bearish or bullish based on all the things we loo ...

Shares of AMD after a huge run, a huge run is falling today. Chipmaker beat revenue estimates, but data center revenue may be considered disappointing by the street. I'm not going to call it is.Joining us first on CNBC to talk more about the latest results is AMD's Lisa Sue. Lisa, it's always great to have you on the show. Good morning, Jim.Great to see you. Yeah. Okay, so Lisa, we're going to cut right to it.These analysts have spent a lot of time talking about something that you can't gain, which is wheth ...

Joining me right now at the Aspen Economic Strategy Group Forum, Neil Cash Carry is here. He's the president of course of the Minneapolis Fed. And there is so much to talk to you about.I don't even know uh where you want to start. Um but maybe we'd start with what's actually just happening even inside the Fed because there's a new opening and then there's all the talks about the Kevin and what that means. And I'm curious as somebody who's who's on that board what it feels like.Uh it's uncertain. I mean ther ...