this 5:00 on cnbc. will stocks finish on the high note and president trump giving tiktok's parent company no wiggle room with the deadline days to go get back to the office, jp morgan chase telling top managers time to wrap up working from home. kansas city chiefs picking up right where it left off. the nfl with a very different

season >> and a look at insider buying with execs buying their own stocks with big names seeing insider buys this is "worldwide exchange" on cnbc good morning, good afternoon, good evening welcome to wherever in the world you may be watching here are the markets and how the monies are setting up their friday across the board in the green they are up more on the dow. now we are seeing the nasdaq futures make a huge move really

for investors coming into the day and a week to forget losing all it gained on wednesday. on pace for its worst week since march 20 three stocks rose yesterday. tesla, moderna and align technologies a little context always is key nasdaq still up 22% year to date going worldwide now, stocks in asia wrapping up the note after the selloff in wall street the european markets, they are mixed. france and germany down. the uk higher. all averages are up as investors monitor pretty tense negotiations over brexit

moments ago, the uk in japan agreeing to a trade deal the first deal between the uk and another nation since brexit. the latest on the push for tiktok u.s. assets president trump ramping up pressure to lock in the deal frank with more on that and other top headlines on a friday. >> good morning to you the president says the deadline for bytedance to unload assets will not be extended the president making those comments yesterday adding urgency to negotiations. they have until september 20 deadline to sell or have it banned in the u.s. by the trump administration boeing is in talks with the faa over new issues over the 787 dream liner. the company is examining issues with the vertical tail fin on the jets that could impact 680

parts on the planes and over issues disclosed and jp morgan chase saying it is time to wrap up working from home in london and new york this week with a plan to return to the office september 21 some exceptions will be made for employees deemed high risk or those with needs for child care and those homeschooling. >> i think a lot of those with the exceptions, a lot of my friends being told the same thing. get back to work that could be good news for business jp morgan is going back to the office let us get back to the markets falling for the fourth time in sessions on thursday

the nasdaq now down 7% on september. watching the megatech names, apple, microsoft, amazon, et cetera break their lows from tuesday. but even if they do, it may not be the end of the world or the end of the markets matt, always great to get your in cider views which have been spot on so much lately do you expect more weakness for big technology ahead >> i do think we will see it like you mentioned, i don't think it will be the biggest thing in the world a lot of people are looking at this 50-day average on the s&p 500. looking at those tech stocks they are the ones that took the market up and will bring the market down. facebook held the lows if we break below those, it will cause some further problems.

these stocks had unbelievable runs on two names, apple computer, it could fall another 25% another 25% from where it is right now. not from the top and still be above february highs that everybody was talking about. nvidia could fall 35% and be above highs. they have moved up we've heard about the situation with robin hood trader in the options market some of that needs to be worked off and it is normal and healthy. the problem with the market is such a big rally that the pull back is set at this time.

it feels like that's the way the market goes that will get the fast moves on the other side as well the one thing we have to worry about is the overvalued basis and valuations are a horrible timing tool. they do create a higher risk we got so frothy or so many different levels not just technical levels but also valuation levels where we need to come back down and get more common sense. the most important thing to know is stocks like microsoft, apple, nvidia, they are all great

companies. they get so far ahead, they can introduce these serious inductions that's where we see it more. they will see more of it before it becomes a great buying opportunity. >> futures are in the green right now. we've pointed out that nasdaq futures which are always about a third of the dow in terms of the number are now often they are not higher than the dow but they are close making these out sized moves, does that make more about the dow on about the nasdaq. >> it probably says more about the nasdaq but it has something to do about the split in apple computer if it hadn't split, the dow would be much hire it is more of a technical factor than anything else

still, it is a major part of what's going on in the marketplace keeping those valuations the same. >> when do you think it will move the markets up. we are already seeing options activity in late october, early november a lot of options appear to be pricing in volatility. we can focus so much on covid and the stimulus what does the election come in to market focus

a lot of times, the market has done better under democratic presidents than republicans. biden will probably raise taxes. that is not good for the market 245 played a big role in this decline. we are getting to the politics when the skinny deal got pushed aside. in a weird way, i hope the stock market does go down. that will force washington, d.c. before they get off and get something done people going $600 a week to zero is not helping the economy.

>> that focus will be on the stimulus or the lack thereof a pleasure have a good weekend. thank you. >> when we come back all of you, keep on pedaling you may be on a peloton right now. shares of that stock are soaring. getting back to business one ceo of a barber shop chain and challenges of reopening. and the senate discusses the stimulus plan and whether or not there will be a deal or maybe more blame passed around dow futures up 152 we are back after this give you my world ♪

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no two feeds are alike. this is shopping made genius. download the app and shop in a whole new way. >> welcome back and good morning. working up a sweat and stocking up on treats for man's best friend >> posting the first ever quarterly profit as revenue tripled in the surge of demand subscriptions for remote classes reached 1.1 million. also increasing production to improve wait times for equipment but does not expect to return to normal delivery times for a few months shares are up more than 200% this year. peloton ceo john foley will be

on "squawk box" at 7:45 eastern time turning to oracle, those shares are up almost 3% remote work grows demand for cloud services they will rent server space to customers. they expect revenue to come in ahead of analyst estimates chewy reporting lower loss and higher sales adding more customers in the first half of the year amid the pandemic than in all of 2019 reorder rates remain stable and shares are down in the pre-market >> everybody got a dog, frank. that was one of the things. >> it it was like get a dog, have something to do chewy was benefitting. if you have a dog, by the way, buy dog food because a dog likes

to eat still on deck, a new warning from microsoft about a threat to the election with just weeks to go before we start to cast our ballots. >> announcer: today's big number, 76.8 million that's how many workouts peloton members completed in the first quarter. up 300% from the same period last year. so you're a small business,

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welcome or welcome back. we continue to focus on businesses big and small one industry that got crushed during lockdowns, barber shops and hair salons. here is hoping we'll go back to our normal habits. joining us now, president and ceo of sports clips hair cuts. give us the status of your operations i expect you were 100% shut down there for a while. where do you stand with your locations now. >> good to see you this morning. thank you for having me. we went from almost 1,900 locations to zero locations open in the last week of march due to government mandates. it is quite the shock. we have come out of it well. we saw a huge surge in business.

all of those clients that needed a hair cut and we fixed a lot of those at-home hair cuts you saw. >> so you are almost 100 back to open how are you in the new york/new jersey area that suffered a lot worse in the beginning and is slower to come out >> we have reopened 97% of our stores across the country. so almost every area of the country. it is a franchise concept. it's our responsibility to understand the right course of action and help franchisee to operate. it was harder hit by the virus but opened up quite well >> what are you expecting for the future talk about the potential of a second wave? are you discussing another

relockdown the only areas so far that shut down twice was california. we reopened again there. that hope is that it won't happen but we have plans just in case >> how is the business changed safety, health, security is first and foremost what types of material changes have you had to endure and pay for and plan for >> when we were shut down almost two to four months, we created a sports clip clean certification program to ensure our staff and clients would be protected we have taken a lot of extra

steps on top of the sanitation requirements already in place such as wearing masks, hand washing, cleaning and sanitizing every station for every single client every time including a fresh equipment pack including fresh tools and fresh cape for every client we've taken what is already highly regulated and taken it one step farther >> i've seen help wanted signs everywhere one thing, unemployment benefits are keeping people from working and a lot of working moms and dads with kids not in school are unable to go back to work. are you able to find the stylist you need >> fortunately, we have a great culture and all of our stylist came back to work.

some that couldn't or because of the aggressive unemployment benefits decided not to. that will continue to be a challenge with going back to school as you mentioned. that will be a challenge for some time. >> ceo and president of sport clips. i'm glad the mullet went away, edward we had that hair from a couple of months. it was cool for a while but i'm glad we are all getting nicely trimmed on the sides we appreciate it >> thank you very much let's get a check on other top headlines including one of those devastating fires out west and remembering lives lost on 9/11, 2001 frances rivera has more. >> good morning, in california the wildfires rage on. officials in bute county have

reported seven more deaths at least 20 killed in. in oregon is facing deadly fires and evacuations. >> president trump reflects blame on the reporter who made the recordings he said he didn't lie and he tried to avoid sparking a panic. today, we remember those who lost their lives in the 9/11 attack vice president pence and his wife will visit ground zero as will former vice president joe biden. and in pennsylvania, honoring flight 93. they will pay respects in the afternoon. kamala harris will give remarks in fairfax, virginia

a tough day for so many people so important that we remember. >> i don't know if you've been to the 9/11 memorial or if it is open right now i went a few months ago when it was open it is really powerful. >> the chills. still there. >> it literally is chilling. i lost three colleagues and a couple of friends. i'm sure we all did. thank you. nasdaq will honor the lives of all of those lost on september 11 moms, dads, husbands, wives, brothers, sisters who never made it home. a moment of silence will be held cnbc will bring you that moment as the nation remembers the lives lost in those terror attacks. so many people who saw it and watched it with our own eyes

will never, ever forget. we are back right after this ♪ ♪ i keep working my way back to you, babe ♪ ♪ with a burning love inside ♪ yeah i'm working my way back to you, babe ♪ ♪ and the happiness that died ♪ i let it get away servicenow. the smarter way to workflow.

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wall street capping off a wild week. futures are higher senate republicans failing to advance the latest coronavirus bill it is official, football is back the chiefs not missing a beat.

beating the texans the nfl season kicks off you are watching "worldwide exchange" here on cnbc >> welcome or welcome back happy friday here is how your money and the global markets are setting up your friday. they are in the green right now. we are seeing the nasdaq and the dow futures. the exact same on the nominal basis. all the major indices did close lower yesterday. the nasdaq losing what it gained fourth negative day. only three stocks rose tesla, moderna and align technologies maybe we'll get a bounce back. nasdaq on pace for the worst

week since march 20th. as we have said, context is key. the nasdaq is still up 22% year to date. remember, the biggest drops tend to come in the years where we are see egg the biggest gains in the market if you are going fast, you have to pay the price >> as for the global picture, asia is mostly higher. a little more green than red on the screen time for our weekly insider buying segment back after a few weeks off this is where we exclusively highlight corporate insiders buying the most of their stocks. counting down from the fifth most to the first most you ready? stock five, vistra energy, the ceo picking up 41,000 shares

and number four, summit seeing big insider buying third most is oil rig company bak baker hughes number two, maybe a new name, lindblad expeditions, a board member there buying nearly $3 million. and this week, invesco the ceo buying over $5 millions. maybe the ceo seeing some value. so why do we do this insider buying segment is insierds buy and sell for

several reasons but only buy when there is something to gain. >> ebay founder is stepping down and says the moves are not related to disagreements with the company. >> microsoft warns russian hackers are once again targeting political parties. also that china and iran have tried to penetrate but adds those attempts were not successful president trump says the deadline for bytedance will not be extended. comments add urgency to the conversation they have until september 20th deadline to sell or be banned in the u.s. by the trump administration back to you.

>> little trivia on a friday, frank. are you old enough to remember beenie babies? >> i think so. >> little stuffed animals. they were really popular and tradeable. that's the reason ebay got started. pierre his wife wanted to make a trade of a beenie baby >> wow brian, i'll never play trivial pursuit with you >> don't i'm not confident in a lot of things as i've said, my mind is a hamster wheel of garbage >> i'll let you end on that note in d.c., senate republicans failing to advance their

stimulus bill. what, if anything, comes next? >> not many options will estimate at this point the point yesterday was 52-47. you'd think that is a majority in the senate, they need a 60 vote they were able to block the so-called skinny bill -- >> it is amazing how skill eamon can keep his face. he once said to me, brian, my special skill is i can midsentence, stop and look completely frozen and not move for minutes. it is one of his special talents. apparently that talent has run out, i understand you've now stopped impressing us with your freezing ability and you are

back >> brian, can you hear me now. is this thing on hello, hello >> i got you >> that's right. so this is the work from home lifestyle we are all in. sometimes these things don't work bottom line, both sides after the failed vote yesterday blaming each other here is what the president said in the afternoon yesterday >> right now, the democrats don't want to pass it. they don't want to help really the workers of our country they don't deserve this. this was given to us by china. pelosi don't want to pass because they think it will help me in the election we are prepared to pass the stimulus for people who need it. again, it wasn't their fault it was china's fault we are prepared to do it but i have a feeling democrats won't do it. >> nancy pelosi issued a

statement saying, today, leader mcconnell continued to block the bill that is needed for the state and local governments, ignores families facing hunger and homelessness and the poisoned pill. >> not much time to go we expect them to be in washington through the end of september to focus on the end of september government shutdown. after that, both parties will be anxious to get out of town and go home to come pain for reelection that doesn't leave a lot of time for a massive stimulus project a lot of p emin washington are just throwing up their hands saying, who knows if we'll get this done or not >> how much time is there? >> you can do the stimulus in theory at any time but they are going to leave

washington after the end of september and go back and campaign so that gives you a couple of weeks. they can throw something together really fast if politics change both sides have incentives to do a big deal. the president is running for election in a tough race now why this is not getting done will be the subject of books in coming years the virus suffering and washington unable to deliver at least for right now. >> a lot of real world impact.

they can't go back to work because their schools are closed coming up, an historic moment in sports as almost every major sports league had an event scheduled yesterday. we'll bring you some highlights and talk about the big business behind it next first, some other top stories this morning rio tinto ceo steps down criticism of the ancient site to expand an ire ore mine and a call of review for the retailer gnc saying they are getting sensitive information from the customer base >> and open letter to new york mayor urging they take immediate action to address the city's deteriorating quality of life.

it did not address the exodus from the city and that lockdowns might continue we are back after this of knowing d that important things like your prescriptions, and ballots, are on their way. every day, all across america, we'll keep delivering for you. at morgan stanley, a global collective of thought leaders offers investors a broader view. ♪ we see companies protecting the bottom line by putting people first. we see a bright future, still hungry for the ingenuity of those ready for the next challenge. today, we are translating decades of experience into strategies for the road ahead. we are morgan stanley. at cdw we get you're always yeah. i'm just not sure into strategies for the road ahead. office drones were the way to do it. [ laughing ] drone voice: l-o-l.

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welcome back, believe it or not, the wizard back in theaters years after being released why the boy wizard is back trending

what happened? >> if there was another book, would you read it? i've never seen the movies, the book i don't know anything about it >> me either butter beer, the drink made famous by the franchise is now available for online purchase and delivery previously only available in parks and resorts. you have to be in the united kingdom for this >> move over pat mahomes, another athlete has inked a sports deal. ninja has signed a deal with amazon owned switch. this comes a year after he left for the microsoft rival mixer. he's back with twitch. >> the reigning champion chiefs

battled it out with the texans houston secured an early lead but it didn't last long. the texans able to get the win chiefs win it 34-20 you saw him win it there back to you. i'm an idiot i stayed up to watch the entire game that's not good. >> i watched the laker's game. that was good. >> no it wasn't. the rockets lost >> i know you are biased it was a great game. >> yeah, i'm friends with the owner. i'm rooting for the rockets. i am from l.a. thank you, frank more to last night's kick

off to the nfl season did you stay up and watch the game >> i did i had to talk to you i'm with you i want to see the rockets. i'm with you on that last night wasn't a good game. it was boring. i did stay up to watch the nfl game it was unique. it was different you try the best to look at it as a regular football game despite everything around it with the crowd and the political stance and social unrest surrounding all of the leagues and just try to watch some

football it was different it really was sounded like they did a good job we'll see when the rating come out. >> kansas city one of the few stadiums to allow anybody in it looked like the fourth quarter of a jet's game. what is your take going to be on the rating my guess is that they'll be gigantic >> i think so. i think there is a little skepticism that they might see a small dip. with the unrest and social

justice. everybody is not on the same page for me, personally, i think they'll be fine. this is still football with the fans missing, it still was intriguing enough. we'll see later on friday when they come out. >> you saw the miami dolphins really powerful. they did the spoken word and said we are going to stay in the locker room until the game begins teams will take their own stances. owners may not be supporting it but they are allowing it

they have to give them, human beings, the rights to express themselves >> they have to allow the players. remember, you don't have any of this without the players the time now for players to express themselves we'll see over the rest of the weekend. jerry jones is probably shaking in his boots i think where he stands. where he really stands isn't quite what he says we'll see over the weekend the statements, the money. i'm from north philly, it gets to the point you want to see more change than just statements you cannot stop people from expressing themselves.

>> to switch gears, baseball seems like something we don't hear about how is baseball? >> it is september, if everything goes well for the mlb, by this time next month, they'll be into the playoffs and postseason from what i've heard reported, they are going to play in their home cities and then switch over to the bubble format in california and texas in that new ranger park in texas they are just trying to finish their season they went 10 straight days without having positive tests, i believe. so the testing numbers have come down they are trying to finish the

season they have about a month and a half until the election. if they can pull it off and start to make it through the season >> seeing how great it would be. i'm an l.a. kid but how great would a rocket and rapids. >> i'm thinking rockets/celtics. >> celtics/raptors that series is legendary i'd be happy too >> kyle lowry. it is going to be a fun game seven. that's the one i'm looking for i look forward to that game. >> epic season appreciate it, my friend still a lot of football action this weekend.

including the cowboys taking on the rams on sunday night football on nbc. coverage kicking off college football as well stocks looking to try to erase this week's losses laying out where she is finding opportunity. we are going to name names some small cap stocks she loves. dow is up 162. we are back after this i'm hector. i'm a delivery operations manager in san diego, california. we were one of the first stations to pilot a fleet of electric vehicles. we're striving to deliver a package with zero emissions into the air. i feel really proud of the impact that has on the environment. we have two daughters and i want to do everything i can to protect the environment so hopefully they can have a great future.

>> coming back to life normally prepandemic, time square would have been packed. so new york city really struggling to come back. a few cars on the streets. good morning welcome back we are seeing dow futures up nasdaq futures are up about the same nasdaq giving back all they gained on wednesday. our worst week back to march 20. the height of the fear and the market selloff as well been a volatile ride as well two stocks in focus have been apple and tesla. a lot of you probably own apple

or tesla as well we are seeing decent gains there. earlier in the week, tesla losing $88 a share single worst trading day for tesla. stocks up about 3.5% pre-market. not just the most important stock in the market. it is the market >> names not named with apple and tesla, nancy prial, i love that you brought us some new names. smaller cap stocks plural site, pfs.

who are they >> caller: they are a really interesting company that is participating in online training for employees. they are focused on virtual learning and assessment in the it area. they work with corporations to determine what skill level their employees come in with and help them to get to a higher level or to catch up. we think it is a particularly interesting opportunity in today's world with underserved populations and up skill employees who may need retraining as the economy changes and moves more towards a different economy. >> i only know this because my wife works in cosmetics and

consumer items eyes lips face, why do you like this stock >> despite the pandemic and mask wearing and that people aren't going to work, multitude of zoom calls for business or personal that you still want to look good it is very important as you look at the lighting in your house. if you are washed out. the idea of using cosmetics so you still look great is important. particularly interesting to us because they are not only focused on providing an excellent value but is very focused on diversity, equity and inclusion and that resonates with millennials and gen z so they are gaining market share

and growing. >> elf and plural site we love to end the day like that have a great day folks thank you for joining us it is 9/11 as someone who had some friends not make it through it we'll never forget a soern nymb ima ways but we are going to be okay the dow is up 176. i'll see you on monday ♪ with a burning love inside ♪ yeah i'm working my way back to you, babe ♪ ♪ and the happiness that died ♪ i let it get away servicenow. the smarter way to workflow. ♪

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futures pointing higher. traders trying to end on a positive note.

relief bill fails in the senate. peloton shares soar. we'll speak to the ceo live. maybe i'll get on there while we are talking to him friday, september 11 19 years 2020 "squawk box" begins right now. >> good morning. welcome to "squawk box" here andrew ross sorkin along with joe kernen becky is off today