Always great to be on Squawk Box with the great crew. Let’s see how $NKE plays out.

$WMT cc: each of the months in F2Q "relatively consistent....first few weeks of August - remarkably consistent". BTS strong start - "50% of customers say a lot of shopping left to do..." We are a nation of spenders - in good times and bad. 75% of our economy.

$AXP: July credit trending better with solid loan growth supports solid consumer. Loan balance up 13.5% vs single digits for competitors. US consumer up 11.1% and SMB up 20.7%. Importantly - loss rates fall 17 bps to 2.15% - better than 10 yr average.

What a difference a week makes. Good economic data and EPS go a long way. Have a lovely weekend. Marshmallow and Kane Brown - One Thing Right

Barron’s: Why $DHI Is the Home Builder Stock to Buy Now barrons.com/articles/buy-d…

Always a great chat with ⁦Michael Santoli⁩ - thank you cnbc.com/video/2024/08/…

$TOL: "Net signed contracts up 11% y/y with July the strongest month in Q. First 3 weeks of August solid traffic". #housing $DHI

$TGT: good to see their merchandising efforts finally paying off with SSS up 2% driven by 3% traffic. Digital up 8.7% w/same store services up DD, apparel up 3% and strength in beauty.

$CRWD $PANW $ZS Are Worth a Look as Ransomware Attacks Spike barrons.com/articles/rands… via @BarronsOnline

$DIS: named James Gorman - former $MS CEO to lead the search for a successor to CEO Bob Iger. Maybe they will finally figure it out. bloomberg.com/news/articles/… via Bloomberg Technology

US July new home sales 739K vs 623K expectations - up 10.6% m/m and the best since early 2022. #housing $DHI $TOL $LEN $HD

"The time has come for policy to adjust" - Chair Powell from Jackson Hole today. Expectations were high for him to be dovish and he lived up to the expectations.

Happy Jackson Hole Day! Have a great weekend. This came up today for my run this am: Seal - Crazy

Some mortgage data of interest: 91% of outstanding mortgages are below 6% 82% of outstanding mortgages are below 5% 62% of outstanding mortgages are below 4% 23% are below 3% First step - get below 6%. Pent up demand with 5 million homes short in the country.

$BA sees China Fleet more than doubling by 2043 with deliveries rising to 8830 vs 8560 prior. Demand driven by +5.2% air travel with the country to become the largest market in the world. Short term challenges vs long term opportunity. reuters.com/business/aeros…

Have a great long weekend! One of the most fun sports weekend of the year! Should be a great concert: Jason Aldean - The Truth

$DG: “The guys down in Bentonville are doing a pretty nice job in garnering the available traffic that’s out there from other retailers." Clearly $WMT but others winning $COST $TGT

A great day for NY and the US Open. Such amazing competitors.

Back from the long weekend $DB upgrades $BAC $WFC, $JPM upgrades $MTB and $GS upgrades $IBM $CAG $INSM. Alot of cheap ideas out there.

Mortgage refinance demand is 94% higher than a year ago and the refinancing share of applications averaged 46% in August - highest monthly average since March 2022. cnb.cx/3yUCEXj