341, i don't think it's going to get there. >> to me it's the lost orders. so you lost 50 plane orders yesterday. >> that was the one -- i'm sorry, we got to go. let's get to joe >> lulu, you can tweet it out. >> great weekend, everybody. "the exchange" starts now. thank you, scott hi, everybody. here is what's ahead of us today. the nasdaq just joined the dow in the s&p and hitting a new intraday high this week. we are going to look at whether earnings, trade, or the fed can derail this rally. markets are also shrugging off what a tough week it's been for tech and social media. the tech piling on even mark cuban voices concerns about crypto currency today but saying we should be careful about regulation plus, what illumina's rough session tells us about 23&me today as they go after more than just your dna. and starbucks is turning the page on newspapers that's all ahead in "rapid fire."

but we begin with today's markets with bob pisani. bob? >> some nice breakouts we have retailers from consumer staples breaking out an important thing though is earnings are going to be in on money with citigroup it's about the second half they want to know guidance and the reason is the bears are out there saying uh-uh, folks, the guidance's going to be lowered particularly by the global multinationals and slower global growth. the bulls are saying stop worrying so much we've got dovish central banks behind us, particularly mr. powell we will get a trade deal sometime this year we don't know when, and that's going to lift earnings a lot of hope going in here. when i talk about the problems here's the basic problem, earnings are flattish for the year well, that may not be a bad thing, but when you have prices up 20% for the s&p, that's a problem. the market is very, very expensive right now. high prices might be all right when earnings are going up, but they're not. that's a problem might be all right when the global economy is going up, but it's not another problem, low interest

rates, that's the one thing the market's clearly got going for it when i say flattish, people ask me what does that mean it means basically low, single multiple growth. for the first quarter, second quarter, third quarter, and the fourth quarter people are starting to bet, okay, the global economy will start expanding into 2020. but, you know, guys, kelly, that's a lot of hope right there, and any downturn, any problem with the trade agreement, that's going to be an issue for earnings back to you. >> it's hopium you coined it, bob meantime, pressure is mounting on silicon valley with a tax coming from just about everywhere these days. there was that social media summit at the white house yesterday where the president raised the special educator of more regulation -- specter coming from france and england next week congress gets into the act with anti-trust hearings on google, amazon, figure, and apple. add to all that maverick's owner and sharktank billionaire mark cuban. he is also weighing in on tech

regulation our deirdre bosa caught up with him and so much more >> reporter: the idea as you've been talking about a breakingup. has gained momentum with senator elizabeth warren cuban, though, says that that won't solve anything >> people are afraid what the future impacts are going to be, and so they just take it out on, well, let's just break up these big fang companies when you break these companies up, you actually give them more power because there's nobody else out there that's small that's going to step into their place. you will just have a few more companies doing more of the same thing but only having the protections of the anti-trust regulations. >> reporter: kelly, he went on to tell me that any kind of tech regulation needs to be done very, very carefully and that the law of unintended consequences could end up, quote, these were his words, smacking us upside the head in ways that we don't expect. he said it could also lead to

big tech actually hoarding their data >> interesting stuff there, deirdre bosa, appreciate it very much let's talk a little bit more about how serious threats are to tech joining me now are tony rahm and doug clinton is managing partner of luke ventures welcome to all of you. tony, i will just start with you. what should we expect next week out of these hearings? mark cuban i think has rightly described a lot of the issues with trying to regulate these companies. so what responses might we see as this gains momentum >> yeah. i think you're likely to see bipartisan frustration from lawmakers next week. there are a few things that unite democrats and republicans here but a concern with big tech is certainly one of them. so with the anti-trust hearing held by lawmakers, they've opened an investigation into apple, amazon, facebook, and google and they will look into whether these companies are using their power that harms

rivals and consumers and then libra with facebook we will see a hearings exploring the way the company is rling out its crypto currency. that's coming on the heels of president trump just last night raising alarms with the crypto currency suggesting that perhaps it needs banking regulation. and, again, there house democrats are saying that there should be a moratorium here. >> and i was struck by the fact that you have fed chair jay powell on the hill this week in what i thought would be a hot discussion, rate cuts and how worthwhile those might be. there was a little bit of that but, frankly, everyone wanted to talk about libra with the fed chair. rightly so this is something that could undermine the authority of the federal reserve. and i thought cuban's points about it being more of an issue overseas were probably right >> yeah. i mean, i think in terms of action, you know, if the u.s. sees it as a threat to the dollar, i think europe sees it as, you know, again the big u.s. tech companies taking on even more of their economy. so i definitely think there's going to be a lot of interest in what facebook is doing, even

though facebook has said this is a coalition, eventually they're going to, you know, share some of the management responsibilities with other partners >> are you surprised, ina, at how much blowback there has been to this libra coin, if you want to call it that? it does seem to be a way for everybody to stand up and say, no, no, no, facebook, now you've gone too far >> yeah. i mean, i think that's exactly it i think whether to apply existing regulations or new regulations to tech has been a big question but i think everyone that has any criticisms is like, wait a second, you know, do we really want facebook to have even more power and controlling a currency on top of where we're at so i think it is a good launching point for the discussion but obviously the concerns around facebook in particular go deeper than just libra and what it might do in the future. >> sure. doug, yesterday we spoke, and i'm sure you've heard this argument a million times, about whether big tech companies today are going to go the way of microsoft while they have all of

these anti-trust issues sorted out. do you guys share any of those concerns or are you still broadly bullish on the sector? >> i'd say we're still broadly bullish on the big four tech names. over the next year plus, i think there's a lot of headline risk there is still the ftc and doj investigations the presidential campaign, none of these companies have very much in terms of friends on either side of the aisle and you also have the taxation in europe issue. so i think there is a chance over the next year plus we see a lot more in terms of headlines that hurt these companies. but in terms of the long-term they're still great companies that we don't see any of this regulation challenging how consumers use them >> and even in terms of the headline risk, we have just ridden this wall of worry all the way up sometimes when they're having a bad quarter like they were in the fourth quarter, you can say they're having a bad day facebook has certainly had some of those, but they have shaken it all off we are not talking about these stocks trading down bigtime, they seem to be completely ignoring them almost

>> less than a month ago, we had the ftc and doj news and the stocks were hit on that day, but we've gained all that back and plus more. i think people want to be involved with winners and there is an assumption that big tech will continue to be big winners in a good economy. but i think it's fair to say that investors are not that concerned. >> what kind of regulation do you think would get to the fundamental -- what could terrify investors which would be anything that suggests it's going to hurt their growth and their ability to grow profits from here on out >> i think there's two types of regulations. leaving the libra question aside, maybe three if you count that i think one area is privacy legislation. there had been some thought earlier in the year and there may still be a chance of federal privacy legislation, in particular, because there's a california law coming on haven't seen as much progress, i think perhaps lawmakers waiting to see if california's law gets watered down ahead of going into effect in 2020

so privacy legislation what, that might do is make it less profitable to be facebook or google serving up these ads. and then the other is anti-trust, although investors could look at that either way. they might see anti-trust, you know, talk of a breakup as an opportunity to unlock value. tech investors don't always mind that breaking things up. but i do think there are concerns about regulation, but i think, again, as tony pointed out, that would imply democrats and republicans working together on anything, which doesn't happen that often in this city >> and tony, we gave you the first word we'll give you the last word to me the existential threat is something the president did allude to last night that when he suggested that social media platforms were not free speech, then they should have n sort of the internet protections from the '90s, the sort of -- we say the groundwork for how the internet sections, cda with section 301, and so forth.

is that you think the real risk that they might potentially change that and say, hey, you are going to be held liable for the content on your platforms? >> well, even from there it's kind of hard to see what the white house does from here the president's comments were pretty broad he said he would encourage agencies to take a look at potential regulation or legislation. but he didn't go any further than that. and folks in government and within the tech companies say they aren't entirely sure what the president's talking about. so i think it actually gets to ina's point here which is that it's really easy to air concerns with tech companies and to be really angry about things like privacy and anti-trust and the rollout of the crypto currency. >> but it takes many, many years sometimes to translate that to actually do something about it and so whether we're talking about white house and the social media summit or some of the other challenges facing the industry, we've got a long way to go before that comes law. >> and that's why investors like doug are hanging on for now. appreciate it, tony romm, i ina freid, todoug clinton

coming up, the e.t.f. factor that's earnings, trade, and the fed. a look at which one matters most to the markets plus, young workers moving out of big cities and to places you wouldn't expect. we'll tell you where and why and 23 and me wants a whole lot more than just your dna. we'll tell you what they're afr.te afr.te this is "the exchange" on cnbcan to improve short-term memory. prevagen. healthier brain. better life.

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welcome back. the trade war with china taking a toll on the chinese economy with both imports and exports dropping last month this morning on "squawk box," peter said he remains positive about those trade talks. >> reporter: we are, in my judgment in the equivalent of a quiet period for the negotiations ambassador lite hizer is going to go to beijing and we are going to have constructive talks to deal with these significant structural issues. my advice for investors is to be patient with this process. >> investors aren't so sure. earning season kicks off next week there's still a lot of uncertainty surrounding those tariffs. for some still the biggest driver of markets is what the fed will be up to later this month.

let me bring in the ceo of zoe financial. and it's great to have you both here >> great to be here. >> john, we'll just start with the trade talks. navarro is out there talking positively about them. he says there's just going to be a lot of garbage coming out of "the wall street journal" and "the people's daily and everything in between. but it was larry kudlow who said we have not seen those agricultural purchases that were supposed to be a sign of goodwill in the trade talks. our sign of goodll was lightening up on l where's the move from china? >> one of the signs of goodwill is to actually get people in the room and talk to each other, and they haven't done that either. i hope peter's right that we actually get bob to beijing to get the talks going again. but the fact is they still haven't done anything from before truth is huawei hasn't sold anything yet either from that agreement. so we're in the talking period in between but there's a trade deal on the

table. it's been on the table since february it can happen any time we want it to happen >> it's just going to sit on the table and sit and sit. >> yeah. this issue is just too delicious to let it go in terms of a political issue. so you can have little tugs back and forth, but china has a headline item won't go away until the next election. >> would you both agree that the only pressure points from the market right now is if tariffs are expanded on the remaining 2, $30 billion worth of goods but that if it comes back into the picture would seem to be a negative >> yeah. i think it's contained at this point, and i think the market's learned to identify where the discussion stands. i think that the leverage points are also becoming clear, which is the u.s. economy is actually holding up and china's economy is not the export data and import data show that things have deteriorated which means they are going to have to do more stimulus and they have the ability to do so but going into those conversations, those are things

that they are going to have on their notebook as they have those discussions. >> and that leads us, john, into what the fed will do later this month. they are basically positioning this as insurance against the u.s. slowing down. >> sure. >> but ironically the data is going somewhat the other way you know, the jobs report was strong, jobless claims look fine even the inflation numbers have been somewhat fir anticipate while it's been china where we're seeing the slowdown. so, does that messaging make sense to you or do you think there's an element of this that's actually responding to the fact there's not been more progress on the trade talks? >> if we had a chart of the pm iks across the world, all of them are down. so the world is slowing, and the u.s. is manufacturing a slowing along with it. that's not politically very popular of a thing to happen, too. so we need to see some more progress on the talks before anything happens but the big issue inside china is, two, one's the occurrency and the other one is the credit restrictions in may the bank was taken over

by the regulators. >> it was taken over in a way that almost froze the interbank lending market and has now caused haircuts on bank paper being traded the government, in addition to shoveling liquidity in, also essentially forced the brokerage firms to lend money to small banks. so there's a small bank credit crisis in china happening now. it was there before the trade talks. it's gotten worse, and the shadow banking industry dying. >> the journal even highlighted on the front page a story of a woman with a very successful ecommerce firm that has basically gone bankrupt. so those problems are becoming more apparent. andre, the estimates overall for growth don't look that great i'm wondering what we might hear about the dollar, especially as the president is now saying our dollar is too strong do you think companies might echo that or what kind of information do you think is going to be most interesting for investors? >> so, on earnings, you know, i think for the second quarter, the latest estimate's like

negative 2% for year over year of second quarter. looking forward in 2019 it's roughly 3% year over year growths. so earnings don't look great, but it's all about expectations. i think expectations have come down significantly and ceos have gotten really good with publicly trading companies to lower the bar to just be down 1% every year to look good >> has been more negative than positive in terms of what the market's seizing on. >> on the dollar i think that is a really important observation, which is if the fed does actually begin its easing cycle, i think that could be the beginning of this shift for the dollar of being basically in a bull market for the last nine years to start to you would perform versus other currencies. >> that is going to be one to watch for sure oil prices, too, we're going to see everything will hang on that one. andre, john, thanks for coming come summer is typically a snooze for the housing market, but a

new trend is emerging that could wake it up but first, tropical storm barry is strengthening as it hurdles toward the gulf coast bringing heavy rains, powerful wins and shuddering business on the mighty mississippi we'll have the latest coming up on "rapid fire."

welcome back to "the exchange." here are some of the movers this hour johnson & johnson is falling more than 4% right now after the doj has launched a criminal probe into its denial of

asbestos in baby powder. the grand jury is currently examining what j&j knew about the cancer risks abi is and it's a tale of two ipos. zoom and slack both initiated with overweight ratings by stephens who cited their market leadership but zoom is up almost 3% today while slack is down more than that now to susan herera for a cnbc news update. >> hello, everyone here's what's happening at this hour singer r. kelly is being charged with paying off a victim and her family to get them to deny that a sex video at the center of his 2008 pornography trial was ever made the indictment unsealed in chicago federal court says kelly and his business manager pressured the girl and her parents to falsify police reports and give false testimony to a grand jury. members of the congressional

hispanic caucus are criticizing upcoming i.c.e. deportation raids as cruel family separation they spoke ahead of a planned i.c.e. operation scheduled to begin sunday to export deportation orders in at least ten major cities >> this is an attempt to intimidate immigrant and latino communities across the country and what will happen is another version of family separation because you have so many mixed status families. >> nintendo is launching a light version of its popular switch-handled gaming console. on september 20th, it will cost $200 and it's smaller than the flagship model but with up to 30% better battery life. you are up to date that's the news update this hour kelly, back sue. >> thank you, sue. susan herera about 30 minutes until "power lunch." >> we will ask mr. cube in part about big three basketball which

this weekend debuts out at the barkley center in brooklyn comes to the big apple brooklyn, of course, now the home of kevin durant and kyrie irving but we will talk about basketball and how it's become a year-round phenomenon. their new television contract which they hope will help their league revenues. and also he is really, oh, what do you call, he's a proian individual with his fingers in all kinds of content pots. and we are going to talk about content development, how content is king. absolutely >> how it is getting distributed because he is right on the forefront of a lot of it, providing content for all kinds of distributors in all kinds of ways >> it'll be interesting to what he says. >> very entrepreneurial dude here's what's still ahead on "the exchange. coming up, primed for record sales? 23 and me moves in on apple.

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hello. if "rapid fire" can cheer everybody up, let's catch you up on a couple stories that should be on your radar this friday here are contessa brewer in no specific order, leslie picker. >> hi, there >> we stuck you over there >> you're welcome. >> they don't like this because shooting this angle here somehow is not flattering. so i'll take the unflattering thing. >> such a gentleman. online shoppers rejoice. amazon's bonanza kicks off at 3:00 a.m. monday this year it's over two days it's expected to generate nearly $6 billion in sales for amazon interestingly enough, big names like walmart, target, and best buy now offering up their own deals. this is turning into the new black friday >> it is and the question is will people actually turn to the competitors or will they just go where they think they can get these deals in what's known for just having the lowest prices? i will say,

though, stretching it out to 48 hours does give consumers more of an opportunity to do some price discovery by looking at other sites. so we'll see how that translates into sales >> i've been a long-time prime member i am overwhelmed and it's not even prime day yet i am overwhelmed in the lead-up to prime day i've got the coupon that says they're going to give me 10% off prime if i shop at whole foods i'm about ready to say no to cyber shopping all together because i'm so overwhelmed >> wow >> i mean, am i a leading indicator? maybe. >> on the cutting edge again >> it's an onslaught >> you know what's going to be interesting to see is how well amazon is able to achieve its one-day shipping with the onslaught that you're going to get. they are expecting sales about almost $6 billion. >> good point. >> and they still want to get it out there in one day we will see. especially, you know, anecdotally we've been hearing

lately that some amazon shipments have been late because they ended their relationship with fedex and they are doing more of it themselves. so it's going to be very interesting to see what the back end of this sale is going to be. >> so you have to wonder if the shippers and the delivery people are also bracing for prime day as well. >> exactly >> i'm glad i got the knife sharpener ahead of time. [ laughter ] >> i can't wait to see which one you got. >> shares at illumina are plunging today probably the biggest story stock-wise they were down as much as 16% after slashing their rev on nu last night less than half of the revenue originally expected for 2019 they see it's due to weakness. illumina provides services to dna testing company 23 and me. let's talk about this for just a moment before we get into the 23 and me news. what do you guys make of all of this >> i mean, i think in terms of 23 and me, it's not too surprising, right? because you do get to a point of

saturation with these direct to consumer opportunities where people really do this once, maybe twice if they feel like they did it a long time ago and the technology is better they need to do it again. and it isn't a market for everybody. not everybody wants their data on the internet about their family history >> not even everybody wants to know whether they are going to test positive for the braca gene or whatever. some people choose not to know that >> the other part of the story is that 23 and me is not the leader in this category. that would be ancestry and -- now, 23 and me has done about 10 million dna tests to this point over a number of years. ancestry's been in the market for about six years and they've already done about 20 to 25 million and they are growing by leaps and bounds so that's where the growth is right now. >> but the real opportunity here is that combination between the genetics and the medical stuff >> and that's really where the

near niche is >> so 23 and me also has news today that suggests they're going after apple. now is this just coincidence that we have the illumina story announced at the same time >> sort. it's sort of a coincidence to get to the point about all the data that's online and what make it's really valuable. so 23 and me is offering its customers in a testing phase the ability to upload their data from their electronic medical records. this has been reported by cnbc's reporter farr. and i am part of this beta test. and you can actually see what they're trying to get you to upload here. it's all optional. i think we have some images that should come up in a minute but essentially, it's your -- oh, it's showing on screen okay, from your health care providers, your pharmacies and labs so it's what drugs you're taking, what tests you've taking at quest and lab core and your health information >> we already are identity

itself has been kmod tiesed in the name of providing a better more efficient experience online now our health is being commoditized we're getting all this data but what are we going to get in return here? >> that's a great question from apple which shows how apple is similar in that you can upload your electronic health records as well. but the third graphic is what 2 and me gets out of it. >> so they stay on their website, okay, we can provide you all this information in the same spot. so you can have all of your tests, all of your drugs, all of your medical records you can just open it up in one place, and apple offers that as well what they get is the ability to use our data if you opt into research to partner with research organizations and pharmaceutical companies to develop potentially better drugs or understand disease better >> in that case if you're choosing who to share this with, 23 and me's case is, hey, we will try to use this to improve

science because otherwise what's the differentiation? >> that's right. and you can opt into that and you can opt out of it. 80% of their customers do opt into research. they make a lot of money and tying this all back into the illumina story these companies, these direct to consumer companies kind of pivoting into clinical applications rather than just trying to collect as many people as possible. they are trying to make the data better so maybe they're focusing less on signing folks up than sequencing >> i don't know. i mean, i want to know what i'm getting out of this. more than just being a good citizen and contributing to research and i'm also paying for the privilege of all that. >> one of the advantages to this is if you know that you've tested positive for a genetic predisposition to a certain disorder and 23 and me and going to hook you up with research that's being done, then that's a pathway into clinical trials there's a lot of reasons why

right now as a -- you know, if you're a young healthy person but you're the mom of the family that you might want to have all of that information easily manageable in one place and know that you're on the cutting edge of science >> i mean, meg is the expert on this, but i do know that the samples that they take from us are tiny in our own genome so that you're not getting a real comprehensive look at what you're likely to be getting. >> not a comprehensive look. but they are adding more and more things. there's alzheimer's risk, parkinson's, breast cancer >> it's very, very early in this whole process. >> absolutely. >> there are a lot of medical field people who question the accuracy of these reports at this point >> the utility i don't think anybody questions how the sequencing is done but just how comprehensive it is >> well, i feel a lot more informed now than i did a few minutes ago. >> that and you've got a knife sharpener coming [ laughter ] >> unrelated to my genome.

we are keeping an eye on tropical storm barry this could drop up to 2 feet of rain in some areas the coast guard is closing the port of new orleans ceasing all commercial shipping to the area. contessa, you've been down there before we know there's a lot more oil and gas activity in this part of the country than even just a couple of years ago. >> that's right. and the oil production has already been pretty significantly interfered with. they are shutting down production ahead of this storm one refinery has already shut down i did want to point out i've gotten a note from pinkerton which is a risk management company. they help businesses assess the risk, prepare for the risk and then deal with the aftermath and the note from pinkerton says they expect because of the rainfall, the high mississippi river levels, flooding on the caliber of what we saw with hurricane katrina in 2005. pinkerton recommends businesses operating in new orleans, those with cargo interests or facilities at the port of new orleans consider implementing

their critical emergency contingency plans. their recommendation is not made lightly. >> so even though it's a category one, it's the flooding and the rain and it's already saturated, right? the mississippi river has flooded. >> and they are predicting that it's going to be one we are looking at the forecast track for new orleans. but the fact that the river is six to 8 feet higher than it normally is this time of year. >> scary >> we've seen such an impact on cargo because of the midwest flooding all spring that had shut down the locks. there's a lot of catch-up to do. this just interferes once again. >> you know what i think about too is technology has made so much of our lives so much easier and this is one area where it can't help at this point >> you mean, if you know something like this is headed your way, what can you do? >> they are using sandbags and all the -- >> the same stuff they've been using for hundreds of years. >> we haven't found a way to try and mitigate this. >> and the estimates are still

not as good as they'd like them to be. >> but this will be a good test to see how well they learned after katrina, you know, they built up the levves and things >> the army corps of engineer say they don't anticipate the levees topping but they're at the level if they get more rain, if they get more storm surge. >> it's interesting to see how water is actually the scariest storm. it's so much damage. we'll see what happens this weekend. be safe down there, everybody. next up, we want to briefly mention this before moving on. the pc, it ain't totally dead, guys it's also new life in the second quarter with shipments rising finally after several quarters of decline there's a research firm saying the market share of pcs rose by nearly 5% year over year they shipped 65 million units worldwide and they attributing this bump up to windows 10 and processors might be related to the trade tariff issues in

china. i think videogaming is a big part of pc use >> they were also maybe shipping ahead of any expected tariffs to get ahead of that. so there might be some frontloading going on here >> and if that's the only way they can get a positive quarter. [ laughter ] >> buy now, pay later. >> tablets and laptops are still manufactured in china. so, you know, they would be impacted by retaliatory tariffs that come that way so it'll be interesting to see what happens next quarter if there is a trend in shipments. >> and remember when an upgrade to an operating system used to be a big deal? >> or a catastrophe. >> i hadn't heard a thing about it >> now i upgrade the ios overnight. starbucks will reportedly stop selling newspapers in its stores come september. it's apparently due to many customers simply taking them without paying, which isn't a terrible idea, by the way. >> i thought they were free? >> did you [ laughter ] >> they have like a sticker on them with the price on it.

>> not the one i had >> the company is also removing shelves of bags that display snacks and coffee beans. >> so customers are also walking away with beans and snacks >> they grabbed and went >> on the road i've often gone to starbucks for the papers specifically because you know -- it's hard to find a physical newspaper anymore, and you always knew if you went to a starbucks. >> if i'm out of town, the only place i'm going to get it is either the airport which i'm not near or a starbucks which i am near >> but don't you work for a newspaper? >> but don't you get them on your tablets it's one of the few times -- and i went to d.c. earlier this week with the journal, yeah it was so good you got the whoet thing going. >> make no mistake, she reads the newspaper every day. >> well, i get the newspaper every day. i don't successfully make it through. >> now that you're a mother, yes. >> it also speaks to this idea that when star buck what's first

created, they wanted it to be this haven for enjoying your conversation with the friend that you've met, reading the paper. it's one of those kind of outside of your living room, living room-type places. >> so put the newspaper behind the counter and have people ask for it >> also by the way,how many starbucks have you been into recently that is really promoting that hang-out chill factor anymore now the star bucks that i go to even on the road, like, there is a long line even when i'm in the midwest or whatever, a lot of these starbucks are not chill hang-out places that they used to be. >> come to my town a lot of chilling out going on there. >> says the city dweller with such contempt. guys, thank you all and have a lovely weekend contessa brewer, bill griffeth and leslie picker. from burgers to tacos, customers can order their food now without any human tectn. were going to take a look at how technology is changing the

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fast food restaurants are getting a lot more high-tech these days kate rogers is getting a look at how these are making changes for customers and companies. >> reporter: the restaurants around the globe almost always involve kiosks that allow customers to personalize orders and place them quickly the upgrades can be seen in restaurants from mcdonalds to panera and taco bell kiosk usage is up 6% with more than a third of customers saying they've used one in the past year 30% say they prefer them over cashiers >> it's simpler to do that than to talk and try to communicate with another person. as weird as that sounds. >> i think it's more convenient. >> reporter: but some say they miss the good old days of talking face-to-face and worry about kiosks replacing workers

>> i would prefer to use the one that would create the most jobs. >> that is such a slice of life, kate the guy who says it's easier than trying to talk and communicate. >> we really got the opinions of the masses out there >> and an older guy said i want to do whatever creates the most jobs interestingly enough, these kiosks do come with some job creation and some costs of their own. >> we looked at what it would cost to pay a minimum wage worker part-time for a year here in new jersey where theminimum wage is $10 an hour. that would come in at just over $10,000 a year if you work 20 hours per week now to install these kiosks we got a range of prices between $1,020,000 per can i ysz to install them and then you have a monthly software service charge. so they can be pretty costly but if you've ever used a kiosk, but it's a lot easier to upcharge you because they offer

you things like do you want an avocado, do you want a pastry with that? do you think this special drink or sauce, things that a cashier may not ask you. so the higher order ticket price may come in when you're using these things so they could wind up paying off over time. >> we are seeing them in a number of places already do you think the rollout gets more widespread from here? or do you think there will have to be a few cashiers, a few people making the food how quickly do these restaurants want to get you in and out and have a seamless experience if the line is long, the can i yo cents is a great way to get you in and out and maybe spend a little more money along the way. so i think a lot more widespread >> i'm happy, they're happy. i don't know about the workers, you know that just remains the big question >> certainly depends, but we're in a tight labor market, too >> they can't even find them half the time. i know it happens in my town thank you very much, kate rogers summer is typically a slow season for the housing market,

but sellers may soon be cheering are there bidding wars ahead we'll get into that next

welcome back what a week the it has been for rates. >> whether you look at the fact we had warmer inflation data or a fed chairman that didn't dismiss what markets are pricing in for july ease, it's been wild let's look at two day. if you look at a june 1st chart, you can see what i'm talking about. big reversal curb steepening. is so the notion of a fed ease has changed a lot of dynamics along with other central banks they're still in the minus 20 plus camp. finally, i hear so many xaeps blaming the strength of the dollar for a multinational earnings misses or at least not as good as they could be but i do say from a year to date basis. the dollar index closed year at

96.17. trading around 97.85 back to you. >> thank you, sir, have a great weekend. coming up, the fallout from the boeing 737 max continues we'lhahel ve t latest. what you need to know right after this

welcome back united airlines extending cancellations due to boeing max 737 groundings looks like they're extending this through november now. >> right rkt, through november 3rd. that means they'll be scrapping an additional 5,000 flights when you consider the number of 737 max flights that were scheduled for september and october and united is the first of the three u.s. care wrers flying the max or that have the eight the first to extend get cancellations now into that november time frame. don't be surprised if we hear

from american and southwest. some time over the next week or two because boeing has made it clear they're not expecting this plane to be fixed until quote sometime in the september time frame. that means even if they get it fixed, it's even pushing it to think this plane will be back in service by the end of november but they're taking it off through november 3rd >> doesn't seem like a stretch to say it probably won't be back in the air by the end of the year >> ip creasingly, analysts are focused on that. it raised the question if this is extended out until the end of the year before it is resolved, does boing have to stretch capacity further on the 737 max? currently at 42 per month. another cut, that would weigh on shares of boeing that would be the next catalyst for the stock lower. >> we've talked about how the shares haven't been weaker as you said, something to watch now

is that production schedule. thanks very much phil lebeau on the news. again, united will be pushing out those flights until november 3rd now. dull days of summer may be over soon. the supply of homes for sale which had been increasing could turn lower soon and that will likely mean the return of bidding wars diana ole eck joins us now with more i thought we were the only ones who bought our house during the summer >> that's true right bidding wars have been slowing. nationally, wrjust 12% of offers that's down from 52% now tisn't growing much and supply is rising so bidding wars are coming back in more moder e moderately priced markets, simply is now significantly lower than a year ago so

competition is rising. >> buyers will research the sellers on linked in try to find some type of personal connection they can have >> the ark of your life and how the house fits into it and don't be too cheesey and no pictures. those can cause legal issues speaking of legal issues and this gentleman you spoke with, if buyers are researching sellers on linkedin, can we just break down the wall for good who's on either side of this link up on facebook and get the sale going there are a lot more new

services that allow you to get closer to the buyer. for sale by owner. lots of dicht ways to do that, but yes, umt to connect with the seller if you're a buyer out there. there's so many dirnt ways in fact, we have more tactics on cnbc.com right you, but yes, you want to get close to the seller and put yourself in a different segment than the rest of the buyers >> so tell me the craziest way you've heard for somebody to get a seller's attention because now if we ever put our house on the market, we might as well put out a resume. >> they told the family how they wanted to start the family and the sellers started the family in the home. it would be like us repeating ourselves again. you want to get that warm and fuzzy feeling. gep, pictures can get you in trouble so don't do anything weird. >> legal or just weird >> if you take a picture of yourself and you're on the front lawn and the seller decides the

sell to you and someone else comes in and says it was a gender issue or racish then those other bidders could see the seller >> holy molly. it's getting wild. >> very tricky >> that does it for the exchange thanks for joining me. l first, join us for "power lunch" which starts now. how will fears about slowing growth play in this as marks sit at record highs, ladies and gentlemen. and president trump is not a fan and mark cuban says the it's a big mistake. facebook's libra the currency facing a lot of backla backlash we'll hear from one who says they have it all wrong plus, nd the black market of cannabis where illegal dispensaries openly break the law. ouin