Welcome back to Squawk Box. Joining us now Jeremy Siegel, chief economist at Wisdomtree and professor emeritus of finance at University of Pennsylvania's Wharton School of Business. Good to see you, Jeremy.We have had guys like Kevin Warsh will mention tariff inflation. He'll say tariffs aren't what causes inflation. Never has been, never will be.Inflation is caused by an out of control money supply or too much stimulus stimulus in a supply constrained world, in your view. And what you're saying here, up th ...

All right, joining us right now with more on the retail sector is Manny Cher, LNK partner, BCI Brands chairman, and former PVH chair and CEO. Manny, first of all, thanks for being here. Why don't you break this all down for us.What for for us. What are you going to be looking for from these earnings results. How much do you think we'll see on the tariffs front. How much do you think we'll see about the strength of the consumer.>> I think um business has been good through the se through the second quarter. I ...

A major strike in Israel yesterday, bringing the country to a halt. Protesters marching against the government in support of a deal with Hamas that would free remaining hostages held for almost two years. On Saturday, New York City saw its largest protest against Israel action against Hamas in Gaza in months.And uh a new and returning college students now arriving on campuses across the nation as all of this is happening. Uh Jonathan Greenblat, the CEO and national director of ADL, sending a letter urging u ...

What do you make of uh Jackson Hole this week. Is there market risk to it. Do you feel like something may come out of this that could change the perception of the market again.We hit new highs last week. We had a winning week last week. >> Well, I I think that uh it's all going to be up to Jerome Pal.He will speak at 10:00 a. m. on Friday.And the question is what will he be a dove, a hawk, or an owl. An owl just kind of sits there and and watches. And I think he's going to be an owl. I think he's going to s ...

I want to start off with you talking about what Courtney was just talking about the the changes in accounting and the way that uh the tariff costs could show up. Is that something that you're looking at as an analyst and kind of digging into the numbers. >> Sure.Absolutely. And it is something that will show up this quarter. Uh in particular when Walmart reports on Thursday, their gross margins are going to look really good because of this rim accounting method.Uh importantly though, Walmart has has talked ...

European leaders, including Ukraine's President Zilinski, headed to the White House today. This follows Friday's Alaska summit between President Trump and Russian President Putin. Joining us right now is Matt Whitaker.He is US ambassador to NATO. Good morning to you. Uh let's start with just the basics.How do you think Friday's meeting went and what do you think it portends for today. Well, good to be with you. I I think there's a couple things we need to consider.One is that this is a process. Obviously, e ...

Let's start with this part. We just mentioned three of the divisions that they're going to separate into. The fourth one's TBD.What does that say about this move by Meta, the fact that the fourth division is to be determined. >> You know, I feel like that kind of uh reflects the mood uh in inside of Meta right now, which is that he is going for something a little bit cheeky. They certainly could have given it just a code name.Um, and I think that he wants to give Alexander uh and Nat, the the two guys he is ...

Market Trends & Analysis - The market is experiencing a persistent uptrend with major averages hovering near all-time highs, and a breakout in June fostered additional upside momentum [1][2] - Technical analysis suggests a price objective of approximately 6880 with a timeframe of 2026 for the S&P 500, with support around 6130 [2] - The 20-day moving average is pointing higher for the S&P 500 and Nasdaq 100, advising clients to stay invested as long as this trend continues [12][13] - August and September typically carry seasonal headwinds and volatility [11] - October tends to carry volatility but also major lows, potentially offering a reset for Q4 [13][15] Oil & Energy Sector - Crude oil showed an oversold indication on the monthly chart around April-May lows, but needs to break above resistance in the mid $70s to reverse the downtrend [5] - The energy sector continues to underperform [5] Yield Curve & Interest Rates - The yield curve is considered important, especially with events like Jackson Hole, employment reports, CPI, and PPI, but remains at the low end of the range [6] - A neutral bias on yields has been maintained for most of the year [7] - Peaks in the fed funds rate tend to be associated with peaks in the S&P 500 [8] Bitcoin Analysis - Bitcoin is currently in a consolidation phase with a neutral short-term bias, having broken out above former resistance at approximately 108,000 [19] - Bitcoin has support around 111,000 and a potential objective of approximately 134,000 to 135,000 based on the breakout [19]

Market Trends & Dynamics - Tesla reportedly offers up to 40% discounts to car leasing companies in the UK due to storage issues [1] - Samsung's smartphone shipments to the US surged in the second quarter, increasing market share from 23% to 31% [2][3] - Apple's smartphone market share in the US declined from 56% to 49% [3] Company Operations & Ventures - Novo Nordisk's obesity drug WGOI received accelerated FDA approval for treating a serious liver disease [2] - Foxconn will operate a US factory owned by SoftBank, potentially the first manufacturing site in the Stargate venture, for AI server production [3][4] - The AI server production plant is a joint venture with SoftBank, OpenAI, and Oracle [3] - SoftBank is acquiring a former GM electric vehicle plant from Foxconn and will supply manufacturing gear, with Foxconn continuing to run operations [4] Entertainment Industry - "Weapons" remained number one at the weekend box office, earning $25 million in its second weekend [4] - Disney's "Freakier Friday" earned about $14 million domestically, staying in the second spot [4]

claims and new manufacturing numbers from the Philadelphia Fed. >> Let's get to Eamon, because Ukraine's president, a group of European leaders, are planning to meet President Trump at the white House today. Following that meeting with Vladimir Putin in Alaska on Friday.And Eamon Javers, as I mentioned, is with us. Hey, Eamon. >> Yeah.>> Good morning to you, Joe. As you say, Ukrainian President Volodymyr Zelensky is expected at the white House later today to help chart a path forward in the wake of those fa ...