40:T430,

Carl Quintanilla, Sara Eisen and David Faber discussed the latest on the retail front after Target shares plunged on weak results and a guidance cut, hurting stocks across the sector. What does it mean for the consumer? And is there pain ahead for retail stocks heading into the holidays? Sara broke down exclusive comments from Target’s COO, who said the consumer is still resilient – but resourceful – while the CEOs of Williams Sonoma and TJX called out strong demand in their results.

Also in focus: prepping for Nvidia results after the bell – can the rally continue?; Comcast’s new plan to spin-off its cable businesses; and CNBC’s official 2024 NHL Valuations, including an exclusive with Utah Jazz & Hockey Club Owner Ryan Smith.

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41:T537,

The run-up in the markets over the past year or so has been largely driven by tech companies with outsized returns. But that seems to be changing. Names such as Walmart, Berkshire Hathaway and UnitedHealthCare have been performing strongly while the once-hot tech sector seems to lag. Today on the show, Katie Martin and Rob Armstrong ask if this is a sign of an era shift in the market. Also we ask if Jerome Powell was lucky or good.

For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer

You can email Robert Armstrong at robert.armstrong@ft.com and Katie Martin at katie.martin@ft.com.

Read a transcript of this episode on FT.com

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42:T51f,Carl Quintanilla, Jim Cramer and David Faber explored the road ahead for stocks on the final trading day of the month, quarter and first half of the year -- the S&P 500 on track for its best 1H since 2019. Cramer explains why he prefers semiconductor stocks such as Nvidia and AMD over the FAANG names. The anchors also took a deep dive into the energy stocks that are soaring so far this year. A busy day for IPOs also in focus: Wall Street debuts led by Didi -- the Chinese ride-hailing giant and rival to Uber and Lyft -- which priced its offering at $14 per share, raising $4.4-billion. Identity verification platform CLEAR Secure, cybersecurity firm SentinelOne and LegalZoom also making their public debuts. Also in focus: A report which says Apple won't back down from its hybrid work model despite employees asking to be fully remote. The Biden Administration said to be considering an executive order aimed at reining in the power of big business, ESG and the Exxon Mobil proxy fight, A strong morning for retailers such as Walmart and Bed Bath and Beyond, and in-space transportation company Momentus has its valuation slashed in a revised SPAC deal. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Retail: The Good, the Bad and the Ugly