good day, everybody. welcome to "power lunch. we start with record highs on wall street, and the dow is up 300 points the federal reserve about to release the eagerly awaited beige book we'll bring you the details as soon as we get them. plus wingstop flying high, shares up 275% from the march

lows the ceo will be here to tell us how he and his company delivered. plus the university of arizona claiming it has found a new way to prevent covid outbreaks, testing the sewage coming from dorm rooms president robert robbins will join us, as "power lunch" begins right now. i cannot wait for that story. we wait for the beige book from the fed. dom chu has more on the markets. >> so the dow is up almost 300 points at this stage, the highs of the session more importantly we're keeping close to dow re-claiming record territory. anybody who has tuned into "power lunch" or cnbc in general the last several months knows we

continue to make these record highs with the s&p 500 gold star there. the nasdaq always creeping higher here. believe it or not, that 12,000 market was hit early today it open up at 12,050, roughly that level just to put things in perspecti perspective, if you look at the nasdaq over the last year, from the lows we saw up until where we are right here, we're talking north of 80% gains for the nasdaq you have matched that with the s&p 500, which is up a very healthy and respectable 60% during that time span. the nasdaq starting to outperform one of the main reasons why. a lot of the momentum names we have come to associate with the markets are part of that salesforce, tesla, zoom, zooming to recent highs. we'll watch as the moment fundamental swings to the down side kehl, because to you and tyler.

>> let's go to steve liesman for the headlines from the beige book today steve? >> thank you, kelly. excuse me one second yes. i'm sorry. >> steve, we can give you a moment, sir. we'll come back in a second. steve liesman has the task of trying to comb through it all to get the timing right, ty it's much more difficult than it was before >> it is, because we're not really right there he needs time to pick it up. okay he's been ability to read the entire book. a serious speed-reader. >> sorry about that. i hit a bad button economic activity increased, but gains were modest, activity remained well below levels prior to the covid pandemic. consumer spending was sparked by

automobile sales many districts noted a slowing pace of growth in these areas, and total spending remained far belowpre-pandemic levels though the overall -- a few districts noted some pessimism, continued uncertainty and volatility seemed to be pretty widespread unemployment increased overall among districts, but some districts also reporting slowing job growth and increased hiring volatility, particularly in the service industry, with rising instances -- this is important to note fur furloughed workers being laid off permanently that's what i have right now, guys sorry for the delay. i hit a bad button back in a few seconds with a bit more. let's get some reactions to that news and to what's going on in the markets today the dow pulling back just a bit on that -- those headlines kathy antwhistle can with us, and samantha azzarello

welcome to both of you kathy, let me begin with you did you hear anything of those headlines that surprised you, slowing in some areas, some pessimism, generally better that is the prior quarter a lot of what we expected, isn't it >> absolutely. nothing that we just heard surprises me at all, and i don't think it's going to surprise the market too much, either. we have heard from the fed over the last, you know, six-plus months that we're having a lot of trouble in the economy. they're doing a lot to try on to support it, prop it up, also keeping interest rates low for the next probably two years is another way they're doing this we should see no expectations of changes until the economy starts to show improvement. it might be a while. there's a lot of things going on with digital transformation companies are doing well, but

those that have not pivoted to react to what's going on will not do well, and we'll see more discouraging news coming. >> it was company must be a digital company one way or another in these past few months have certainly borne that out. you say among other things, let's continue to expect the markets to grind higher, but the risks are not balanced, however, with more risk to the down side. unpack that thought and what it means in practice. >> so i think if we go back to march, the way the market dropped then, the volatility we experienced then, it was the market being too pessimistic, because we lost guidance, we didn't know where we were headed, when we would turn the economy back on, so it excused more to the up side.

you fast forward, we priced in a lot of gains, a lot of progress. i agree with kathy completely, right? there's a lot more that we don't know, right? and if recovery is going to happen in fits and starts, guess what the equity market has priced in a perfect going back to the letter, almost a perfect u-shaped recoveries, and we havers are realized there's no letters, this is going to be messy, and turning the economy back on will be in bits and starts >> i'm going to come back to that point on fiscal support obviously the fed is behind this market in a big way. steve liesman has or from the bake book. price pressures increased, but input prices were faster than selling prices, but moderate overall. one exception, inputs

experiencing demand surges or supply chain disruptions, such as structural lumber you know, the housing market is doing quite well just a quick report from the new york region. it says growth in the regional economy has stalled in recent weeks. tyler, we were waiting to see what happened to the economy in august, as the federal entitlements for unemployment rolled off, and as we waited for some effects of the recent surge, it happened in july, you see what it showed up in august. it has, but more flat than down, which i think is a pretty good design that the recovery remained robust. it seemed like we went backwards, but we stop going forward at the same pace i think that may describe the economy right now. >> interesting thought. >> samantha, let me turn back to you. you raised the question of stimulus out of the fiscal side. has the market priced in a probability that there either won't be a second round of

stimulus, or that it will be too small to make a difference what is going on there >> i think the market is still counting on a vaccine, still counting on a bunch of things that may or may not happen over the last few weeks it's been fast and drastic, but our probability of another stimulus plan has gone down we had the expectations that consumers would continue to be supported, we would see that unemployment come back and all the other pieces that support the economy, that fiscal bridge is what i was calling it there's now a lower likelihood of that happening or it had be piecemeal and frankly messy. again, something that the market seems to be ignoring it's not that we're anti-equity. we have to be invested in stocks, but i would look to the new highs as a signal to keep investing in the market. >> kathy, let's get you to

react. i had dinner last night with a person in your business, broadly speaking, who said if you're not in the market you're effectively betting against fed, against science, and there's that question, there is no alternative here how do you put those three puzzle pieces together and tee come up with a reasonable strategy for investment today? >> absolutely. first of all, we do have a dislocation in fixed-income markets and low interest-rate environments you could be taking advantage if you're an individual consumer and not refinancing your mortgage or purchasing a mom and using leverage to do so. if you're a cops with debt that's rolling out or you're not refinancing your debt, that's a mistake. the people who can afford to do this, we're seeing more of that split between the haves and the have-nots, and it would continue to be an issue people with good

balance sheets and good credit ratings can take advantage of something like this. again, in terms of the conversation you had with your friend at dinner, it's the digital transformation stocks, it's the companies, the retailers, the online e-commerce, anybody that's got that going on, those are the companies you want to invest in going forward. i think that yes volatile markets are rising we have to be more selective where we are going, but long-term view, you absolutely want to be in this companies and invest for the long term thank you both so much we appreciate your time. let's go to the bond market where rick santelli is tracking the action the yields have softened a bit. >> they have softened today, but unfortunately or fortunately the catalyst wasn't the beige book it had a lot of good information, but it had a lot of buts it in employment looking better, especially when you consider what's going on with

manufacturing, but at a slower rate of change the only this ink that didn't have a but is residential housing is doing pretty well the market saw that look at the two-day of tens. yesterday's low yield was about 66 basis points, and today's was unit it wasn't the minute we traded below that, it gained momentum down several if you look at 10s minus 2s we have a bull flattening finally a two-day of dallas index. we're firming from that level, but not in an aggressive fashion. tyler and kelly, back to you. >> rick, thank you very much coming up, we will have more on the markets right now utilities, health care and consumer staples, those are the sectors leading the way today, as 10 out of 11 are in the green. college campuses are cracking down on covid by, yes, testing

the sewage systems university president from arizona will be here to explain and why he thinking it is working as an early telltale of covid. more "power lunch" next. ♪ ♪ ♪ ♪ ♪

welcome back colleges around the country are

seeing cases spike on campus, forcing many to rethink their plans, but one university's bold strategy could be a game changer. the university of arizona is testing dorms' wastewater as an early warning system to catch cases of covid-19. experts say the test is sensitive enough to detect the virus a week before somebody has symptoms it's great to have you here. welcome. >> i appreciate you making time for me. >> listen, we all kind of chuckle, because it's an immature topic. >> i think it's going to catch on, but the university of arizona for the last two years ,

and we have a big water center here dr. ian pepper has been at this work going back even 20 years to testing polio and other pathogens. when we ask him, could we use this in the dormitories and building on campus he got to work over the summer we've been utilizing it since our students came back to campus >> tell me how it works. do you kind of use it to say, okay, this particular area might have a case. that's capabilitily what we've been doing last week, dr. peber ice a lace the pipes that come out of the each individual dorm and then looks at the data and

alerts us when we have a and we test all of the students as you said, to find out that the building has a positive case, the first dorff had about 300 -- and second we had four dorms, 32 positives. ily the ingenuity, and love that the you just outlikes -- where

the thing might happen when you find a positive test in an individual. >> yeah, so we have a when we find a positive case, our team goes in and does contact tracing, means finding out who that individual has been around in the last few days the beauty of this test is we can find asymptomatic cases. that's what we are after so positive cases are then

isolate isolated so they canand they get telle health check-in and mental health counseling, because as you can imagine, your whole world of starting your college year out in the fall semester is interrupted because you have to isolate. >> you're already presumably moving away, my final question is, what is the cost and the difficulty of doing this kind of test i think the reagents is about -- it's a he standard pcr test, obviously you have to go out and take off a manhole cover and use

sort of like a net that you clean your pool with and drop it down into the sewage line. there's a bottle that collects the wastewater, and he takes it back to the lab and in a few hours can tell us if it's there's a hot spot it's just fascinating, talking about dirty job -- >> yes. >> in arizona you have the premier water research facility in the nation. that the can apply that is a great breakthrough thank for you joining us. >> thank you. tyler. that story had it all. >> fascinating stuff he's a medical doctor also, by the way. we have breaking news out of washington let's get to ylan mui for the details. >> reporter: the nonpartisan congression at budget office is projecting 3.3 trillion deficit

this year? that is be the highest person sage 1945. the cbo also says size of the federal debt will equal the size of the economy this year by 2023, the debt will equality 107% of gdp. that is a record level however, when you look out over the next decade, the cbs forecast is actually lower than in march that's because even though revenues are down, spending is up, their estimates for interest rates and for inflation are lower than anticipated through 2030 guys, back to you. >> ylan, fascinating that they think the total debt and deficit will come down for those two reasons. still ahead, wingstop has been flying high, and for one

key reason we'll earn it when the ceo joins us next. tesla down more than 10% in the past two days. what that's right, 10% after an epic run for the stock. we'll tell you what's weighing on the shares after the break. more power to you in a moment. wealth management, iy your dedicated adviser can give you straightforward advice and tailored recommendations. that's the clarity you get with fidelity wealth management.

a lot goes through your mind. with fidelity wealth management, your dedicated adviser can give you straightforward advice and tailored recommendations. that's the clarity you get with fidelity wealth management. tesla falling for a second straight day phil lebeau joins us with more. >> i would call it a sell-off, but definitely a pullback.

you'll see the stock is down basically about 12% since touching $500 a share. that was yesterday that was the all-time high i think was $501 today its largest outside investor, bailey gifford, out of the uk, it announced it is paring its holding, not because they don't have faith in the company, they basically have look, our stake will fall below 5% we have to adjust our portfolio with the way they have funds set up they, as a result have said we're going to pull back on our stake in tesla however, they're still very bullish on tesla, say we intend to remain significant shareholders for many years ahead. we remain very optimistic about the future of the company. tesla's market cap remains well over $400 billion. where is it now? $412 billion that's basically equal to the

top five automakers in the world combined when you look at the sales, tesla sold 367,000 vehicles last year top five sold about 44 million >> those numbers of mind-boggling. seema mody has "trading nation." we are watching the u.s. dollar it's down 10% as soon as march, lowest level since the europo in over two years the question is, what does it mean for stocks? the companies generate the largest revenue outside of u.s though a weaker dallas does make -- so the winners aren't as clear-cut as you may think let's bring in the panel to discuss. j.c., you've been digging through the names that have successfully diversified their business what names or sectors stand out

to you >> as you said, the u.s. dollar has really weakened recently we found when we're in a weak dollar regime, or work suggests you want to be overweight materials, even health care, but when you get down to the individual stocks, you want to find those companies who drive a good portion of revenue from overseas off the march low, we can see a basket of s&p 500 stocks with above-average revenue from international markets outperformed that basket returned 61% now, that compared to the s&p, which over that same time period was up 53% now, if we include those stocks, which have a small portion of international revenue, that basket is higher by just 40% the moral of the story is you want to go hunting in a weak dollar environment, for those companies that have good foreign earnings

>> chad, you've been warming up to names like 3m and honeywell why do you think they can outperform in a weaker dollar environment? >> several reasons one is because you get a positive tailwind in regard to bringing back currency to the united states, so we think the regular growth will get a moder bump secretarily, because of the weak dollar environment, these industrials have from a valuation perspective been trading quite cheaply, and as you start to go past 2021 into 2022, we believe that the industrials' valuations will go up considerably. not only look at honeywell, look general dynamics raytheon technologies, investorsing with a two to three-year epps time

frame could benefit well >> thank you both for joining us today. for more, head to our web side or follow us on twitter. kelly, over to you. still ahead on "power lunch," we're hitting the skies wingstop flying high this year, the company's ceo joins us to explain you how delivery is dominating the competition. and big call on the airlines all of this when "power lunch" returns. traded goods.

tools, cattle, grain, even shells represented value. then currency came along. they made it out of copper, gold, silver, wampum. soon people decided to put all that value into a piece of paper, then proceeded to wave goodbye to value, printing unlimited amounts of money as they passed the buck to the future. that's why it's time for digital currency and your investment in the grayscale funds. go digital. go grayscale.

welcome back, everybody.

here is your cnbc news update. joe biden laying out his plan for getting kids back to school and improving child care he is also criticizing president trump, saying the white house has no real plan to help schools reopen >> mr. president, where are you? where are you? why aren't you working on this we need emergency support funding for our schools, and we need it now. mr. president, that's your job a new poll shows biden leading trump by just four percentage points in the key state of pennsylvania. the monmouth university poll indicates the gap is closing due to a shift support among men and voters under the age of 50. taking a look at that. forget wild-goose chases that's a wild boar it led japanese police on a

five-hour chase. after attention to capture him live failed, hundred dollaters - they couldn't put it in a zoo, because they tend to be aggressive they're as handful. >> as that would show you. >> well, sue, thank you for that let's look at the markets radio i got now. there's a pretty picture of green. the 1% for the industrials, the s&p also more than 1% higher nasdaq has rallied yet again it was flat to negative briefly there earlier today, now almost up 85 points oil closing for the day. it is down 3%. kel kelli kelliy take wingstop lower today, but soaring more than 8 on% this year, reporting a 32% increase in same-store sales. the fast casual change has focused significantly on

delivery it even signed an exclusive contract with door dash back in 2018 the for more let's bring in kate rogers, charlie morrison kate >> kelly, thanks so much charlie, thank you for joining us today. >> great to be here. thank you. >> reporter: kelly just mentioned the same-store sales performance. the company's planning on opening up new locations you have seen momentum continue, even as dining rooms for other restaurants have begun to open up what does that tell you about the new consumer and environment you're operating in? >> i think it's clear to all of us that brands that are leaning into digital or have been over a period of time, are the ones that have succeeded through this different time we have all faced. we were there as well. we started our efforts to digit ute every transactions a

fewiers, building the infrastructure in a way to do that in a seamless ways. we've seen consumers being very comfortable and trusting of brands that have done this wingstop we have a wonderful, cravable food that people enjoy, which is chicken wings that gives a bit of added comfort. they trust the brand and the solution we provide at this time >> you've also been hiring, like many other players that have also prime ministhavesh did do you bring in more -- and did enhanced employee benefits give you any challenges? >> we made sure to take care of our team members making sure they rewarded our team for being on the front line and being available to help our guests have a safe and clean

environment where they could get their food as we look forward, certainly we have hired a lot of people during this time frame we anticipate continuing to hire not only just to service the demand we're seeing now, but our franchisees are doing a fantastic job of reig needing growth in new restaurants. during the last quarter we opened 23 net new restaurants when um were unfortunately going the other direction. every knew restaurant we hat has about 25 or more new jobs, so we definitely expect to continue to hire into the future. >> charlie, as other people have figured out this is a winning formula, i think about chipotle adding all their chipot-lanes. taco bell also doing the same thing. what happens as this space becomes more crowded

>> our business has been as off-premise business from the inception. so very little dine in our restaurants are located typically in strip centers in the in-line side of the space, so drive-thrus are not an option, but the key stuff is delivery and we have a great partnership about door dash, that integration is seamless for our team members to make it a very efficient occasion charlie, quick last question you have two in entrants do you think you can take them on >> we believe we're in a

category all by ourselves. we are the wing experts. we always have been and i think our 25 years of history, our continued success and growth demonstrates we're not worried about a particular competitor coming into the space or another concept upgrading their flavors and products for us we're going to continue to play offense. we're going to continue to grow what we believe is the best brand, and all by itself >> thank you both, here to tell us about the incredible year they've had. we appreciate it. throughout the day on cnbc we have been watching the rise in price of things you use every single day let's look at luncheon meat. what is better than luncheon meat to talk about it's up 8.1%, compared with the same period last year. where is the beef? there's the beef coming up on power move ers

there's a connection there the nfl season kicks off next week. will fans be in the stands will players kneel we will hear what commissioner roger goodell had to say earlier datonbc. that's next on "power lunch.

time for today's power movers we start with peloton again. analysts say the company's biggest challenge is keeping up with demand. that's a pretty good problemto have

peloton up to about $94 a share today. smiledirect is up after several executives buying a combined 2 million shares. this is a company behind jack daniels with earning better than expected despite challenges, including to its travel-related retail sales. and whiskey and lemonade, so some product innovation there. very interesting the first week of nfl is just eight days away, and not only is the nfl going to play, they are planning to have fans, in person, at several stadiums. eric chemi joins us with how they plan to pull this off >> roger goodell is hoping more

stadiums will begin allowing fans as the season progresses. for now only a handful of teams will have spectators in the first weekend. goodell says that's up to local government officials the imbalance has upset many coaches, who say that's unfair, it's helping only some teams, but the commissioner says the league doesn't believe that live fans give a competitive advantage, if can you believe that also he said the league welcomes back colin kaepernick to the table for the discussions. >> we respect our players. they have done a great job of bringing attention to these issues our focus now is how do we support them in making the changes. that's where we're focusing. there are a lot of things that we're planning for this season with great uncertainly we're prepared, you know, to make the best decision on behalf

of the nfl, on behalf of our players, on behalf of our fans and our partners >> the first game kicks off next thursday with a limited number of fans, in kansas city. back to you. >> did he discuss the idea of playing games in a so-called bubble like the nba has done very successfully, versus the idea of not playing in a bubble, which has resulted in, for example, major league baseball having to cancel a lot of games. if you cancel games in the nfl, it's hard to make them up. >> when i talk to league officials several months ago, the bubble idea wasn't on the table. they're basicallyall played at the same time on sunday, so there's really no place in the world where you have ten football fields of professional quality all in the same place, so that idea not going to happen the schedule has been built in with some levers if teams misgames, they have a way of making it up. i play ten games, that's good enough, we'll see you in the

playoffs. >> eric, thank you. coming up, a company teaming up with cities and states to get opested for the coronavirus. the very latest is next on "power lunch." traded goods. tools, cattle, grain, even shells represented value. then currency came along. they made it out of copper, gold, silver, wampum. soon people decided to put all that value into a piece of paper, then proceeded to wave goodbye to value, printing unlimited amounts of money as they passed the buck to the future. that's why it's time for digital currency

and your investment in the grayscale funds. go digital. go grayscale.

the u.s. economy undergoing a major shift right now due to the pandemic companies that have shift that are business models, one company is called solve. now it's setting people up with covid tests and just signed a major deal with the state of michigan julia boorstin has the details. >> solve is announcing it's partnering with the state of michigan to enable people to

book appointments for testing. it has the potential for more than 330 testing sites to use in solv platform in platform in coming months. solv helping people find tests and also making the testing sites themselves more efficient. >> part of what the technology does is actually enable you to take high volumes of people who are looking for access right now get them to the right place. once we get there, effectively co-mingle both those who booked only as well as walked in in a way that matches the through put of the facility. it's actually quite challenging to do. >> this builds on the success that solv has had offering free testing in partnership with the city of seattle. fernandez tells us they are helping seattle doing 2800 per day.

solv raised over $23 million from benchmark and greylock, expansion to telehealth and covid tests. back to you. >> thank you very much, julia. airlines have been a hot momentum since the march lows. the index up 80% since then. but if investors have gotten ahead of themselves counting on news that may not come meeryotalk about that next remb, u can always listen to us live on the go, on the app. we'll be right back. - [narrator] at southern new hampshire university,

we're committed to making college more affordable. that's why we're keeping our tuition the same through the year 2021. - [student] i knew snhu was the place for me when i saw how affordable it was. - [narrator] find your degree at snhu.edu. a lot goes through your mind. how long will this last? am i prepared for this? are we prepared for this? with fidelity wealth management, your dedicated adviser can give you straightforward advice and tailored recommendations, with access to tax-smart investment strategies designed to help you keep more of what you've earned so you'll know you're doing what you can for your family and your future. that's the clarity you get with fidelity wealth management.

united airlines says it will involuntary furlough employees when aid runs out. pilots, attendants, maintenance workers. they can be recalled if demand returns and they do not have another job by then. our next guest isn't seeing many bright spots ahead for airlines.

he's upgrading the southwest buy, the least leaky of airline buckets. as for others, he said sell american airlines and puts holds on delta and united. with more, here is adrian. i hope i got your last name correctly. correct me if i didn't, correct me if i didn't. >> perfect. >> wow, first time ever. let's talk about companies here. you like southwest the most. but one of your hi both -- hypotheses is the business traveler won't come back fast and i don't see that either. >> that's just it. i think we have to kind of accept reality as far as you peel back the start of improving demand on the corporate side, we're just not seeing it. you can go to travel agency

bookings, talk to travel managers, travel manager surveys. even going to simple office occupancy rates. that's what you need to have that part of demand start, we're just not seeing it quite yet. >> and we've learned, if we've learned anything, that an awful lot of the meetings we used to have, where we would travel from the east coast to west coast for two-hour meetings on tuesday and back that knit or the next morning, those things aren't going to happen that way as much as they used to. they are going to happen this way, with you on the other side of a zoom or webex or whatever, right? >> certainly for a period of time let's look at ignoring the business passenger on the leisure side, which has improved a little recently, it's sort of stalled there as well.

as much as you try to look through different trends, it comes down to are people feeling safe getting on the aircraft at this particular juncture, the industry is doing everything it can to add to that level of com for comfort and confidence, until you've got vaccine, it's anybody's guess where the demand levels off relative to last year's levels, the debate is, is it half? is that where things are going to without a solution on the health front it's somewhat of an academic debate but that's where we are. >> adrian, i'm curious about the impact of united's announcement this it's no longer going to charge you to change your flight no more change fees, which is something southwest has been doing for a while. on the day the announcement all the airline shares sold off, southwest included do you think that's because of the announcement

is it going to be profitability head wend for everybody or good in the long run? >> certainly in the short run it doesn't matter almost anybody can book on any airline right now and change for free it is a step, and i think there's a little debate as to who wins and who loses right now. i am of the view it effectively kind of pulls all of the product levels up to where southwest was as a starting point. so they were differentiated, now united, delta and all the other legacies and nonlegacies moving in that direction. now basic economy gets differentiated so i think in the long run it's going to be good for southwest, but it's going to take some months before you start to see that. >> so pinpoint it for me why is southwest your standout

here is it because basic economy, their sweet-spot, is going to be the dominant category of travel or what? >> yeah. well, it's a little bit even more simple than that. i mean, if you look at across the legacy carriers, the burden very high debt loads will bring, it's going to be a drag for the foreseeable future that's on the nonoperating cost side but you've also got southwest, which has a slightly lower cost structure, which does allow it to compete, as you say, against those carriers then i think with the introduction of the 737 max next year, the economics of the airline type, despite challenges of customer perception issue, do offer the ability to start generating cash a little bit quicker than its peers i think that's really it this is a game about generating cash flow and repairing those

pal sheets as quickly. >> i'm curious, have you been on a plane? when is the last time? >> a long time since early march all over the u.s. taking all sorts of carriers i'm not sure it's going to be this year to go out and see investors. >> i feel the same way, adrian adrian, we appreciate your time today. thanks so much. >> thanks. kelly, the market is inexorable here, keeps moving up and up and up, just to use a fancy word. >> that's the right word to use. you know what it doesn't have? apple, tesla, momentum names you have zoom down, salesforce down workday, docusign, you look at major averages and see not just nasdaq is higher, not just dow and s&p but nasdaq is marching higher it's like the wise michael santoli said last hour it's a good sign if this can be the case even without participation from the different names in the market.

>> if the sexy stocks aren't taking place, you're looking elsewhere, looking at proctor and gambles at all-time highs, nikes at all-time highs, some others we can point to the health care sector at an all-time high. a lot of those stocks just zooming. >> bingo thanks for watching "power lunch," everybody. "closing bell" starts tomorrow. >> see you tomorrow. >> it certainly does good afternoon, welcome to "closing bell. i'm wizard frost with sara eisen. stocks zooming through, s&p up 1.2%, nasdaq underperforms that's a turnaround that started after the open early this morning. it was the other way around. either way, indexes are high bit afrotation high tech names like apple, zoom, as just saying, beaten down par of the market utilities. lamb research, micron, nvidia at