And it was another down day for the S&P 500 as investors digest weak economic data this morning. Our next guest sees volatility ahead, calling August one of the weakest months of the year, especially in post election periods, but he's not bearish. Let's bring in Carson Group chief market strategist Ryan Dietrich and our own senior markets commentator Mike Sani.Guys, welcome. Ryan, you're saying four to 6% pullback here in the S&P wouldn't be unusual yet. You're still overweight.uh tech uh and and some of th ...

Financial Performance - Amjen's adjusted EPS exceeded expectations at $62 per share, compared to the street's estimate of $529 [1] - Revenue surpassed estimates, reaching $918 billion, against an expected $894 billion [1] - The company is slightly increasing full-year revenue estimates to $35-36 billion, while the street expected $3537 billion [2] - Full-year adjusted EPS guidance is also increasing, but the midpoint is slightly lower than analysts' expectations [3] Product Performance & Market Dynamics - Osteoporosis drug Prolia's revenues met expectations, but it now faces biosimilar competition in the US [1] - Rare disease and cancer drugs showed some strength [2] - There was weakness in inflammation, excluding the drug Otesla [2] Future Outlook - The guidance includes the estimated impact of implemented tariffs but does not anticipate future pharma-specific tariffs or price adjustments [3] - Data from part two of the phase 2 obesity trial is expected in the fourth quarter [3][4]

Trade Policy Objectives - The president aims to rebalance trading relationships for greater equality [1] - Tariffs are viewed as a revenue-generating tool [2] Tariff Impact & Revenue - A 10% baseline tariff across the board could generate over $2 trillion over a long period, significantly impacting the budget deficit [2] - Current tariffs range between 15% and 30% [2] Market Adjustment - The market is gradually adjusting to a higher baseline tariff environment [3] - Progress appears to be underway regarding trade with China [3]

streaming on CNBC plus. >> We're back. Disney shares have sputtered lately.After a solid start to the year, investors will be watching the company's earnings closely tomorrow for signs of where the consumer currently stands. Jim Stuart is columnist with The New York Times. He joins us now.He's also a CNBC contributor. This is our quarterly visit. It's nice to have you, as always.>> Good to be back. I feel. >> Like we have the same type of conversation parks and streaming.Is that the whole thing this time. > ...

I mean the spin-offs are uh progressing on time. So we expect to have the chemicals business advanced material spin-off completed Q4 of this year uh and then aerospace will happen uh second half of 2026. So they are progressing well.But the good news is that uh the two important points there. First is we have majorly completed our portfolio transformation work with that because when I started we announced these spins but we also have done a lot of portfolio work some substraction some additions. So that's l ...

Today, Bitcoin and Ether fall after President Trump talks about his tariff plans on CNBC. The CFTC says it's looking to allow spot crypto trading on registered exchanges. And James Gretzky, CFO at Exodus, breaks down what helped fuel an increase in the company's digital asset treasury.Welcome to CNBC's Crypto World. I'm Talia Kaplan. Major cryptocurrencies and stocks pulling back today as traders digested weaker than expected economic data and new tariff comments from President Trump.Specifically, the presi ...

Energy is down to $220 a barrel a uh a gallon now for a car. It's down to a level. You're down, I guess, around $65 a barrel, but it's going down.There's tremendous energy. And if you notice, OPEC and OPEC plus uh they're drilling more. They want to drill more because I think they want me happy because if energy goes down low enough, Putin's going to stop killing people.That'll be nice. Even though they're his own people that are dying, him and Ukraine, but Putin will stop killing people if you get energy d ...

Market Outlook & Investment Themes - The bull market is expected to continue, driven by a broadening beyond just AI into deglobalization, longevity, and deregulation, all interacting and accelerating simultaneously [2] - The market is forward-thinking, and opportunities exist for investors who may have missed the initial AI-driven gains [4] - A diversified portfolio is recommended to capitalize on these themes, including sectors like materials and industrials, which benefit from deglobalization and increased defense spending [7] AI & Technological Advancements - The current phase is likened to a "candlesticks to light bulbs" moment, emphasizing the ability to scale, implement, and download AI technology to produce earnings power across various business models [5] - The focus is shifting towards tangible returns on significant capital expenditures in AI, with confidence that these returns will materialize [5] - AI is seen as a cost-saving and productivity-enhancing engine that will continue to lead the market [4] Interest Rates & Monetary Policy - Interest rates are anticipated to decrease, potentially impacting investors overweight in cash, who may experience a "pay cut" [10] - The market typically anticipates interest rate changes 6 to 12 months in advance [11] - Morgan Stanley's interest rate team projects a couple of rate cuts this year plus five more next year, contingent on data [12] Sector Opportunities - Utilities and power companies, traditionally valued for dividends and defensive characteristics, are emerging as new growth stocks [14] - Industrials are highlighted as a strong performing sector with continued potential [8] - Investing in sectors with quantifiable merit and opportunistic potential is encouraged, even if not completely proven [9]

Which takes us to our talk of the tape. Is this market just taking a breather before launching its next leg higher. Or has momentum just grinded to a halt.Let's ask Adam Parker. He is Triariat's founder and CEO and a CNBC contributor. Welcome back.>> Thanks for having me. >> You make the argument that dips should be bought. Why.>> Well, you know, I think most institutional investors think we're going to get some kind of growth scare, maybe a stag inflation scare here. August through October. >> Is that what ...

So joining me now is Margaret Vanrono. She is portfolio manager at ClearBridge Investments. Great to have you here on set.Welcome. Thank you. So what what what is your take sort of on the on the broader market right now and the role that tech has been playing and whether it can continue.Yeah. Well, I mean tech tech and the AI theme is a big one. We're going to be talking about it for the next 10 years.That's an enormous theme. But what we've been spending a lot of time thinking about is what else is going t ...