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tv   Worldwide Exchange  CNBC  June 30, 2021 5:00am-6:01am EDT

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♪♪ ♪ and they're always glad you came ♪ welcome back, america. it sure is good to see you. it is 5 a.m. at cnbc global headquarters here is your top 5 at 5. making you money stocks looking to close out the month, the quarter, the first half of the year in the green with some pretty eye opening moves higher from music to money. grammy winning meagan teaming up on stocks. and the ipo rush rolls on as 18 companies prepare for their new york public market debut didi the big headliner.
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could we see $100 a barrel oil and $5 a gallon gasoline tomorrow's opec meeting. boston dynamics taking on bts, the new bot video. look at that it's trending and it's coming up on this wednesday, june 30th and this is "worldwide exchange." good morning, good afternoon, good evening and welcome from wherever in the world you may be watching. i am brian sullivan. thank you for watching on "worldwide exchange. let's get a check on your markets. dow futures are a touch lower. nasdaq futures in the red but they're effectively flat down 1/10 of 1% maybe. the markets could be waiting on the big monthly jobs number.
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the june jobs number is due out on friday. we may be in a holding pattern ahead of that. of course, any kind of federal reserve action to it here's some random but interesting stats for you. it has been another solid month for the s&p 500 and the nasdaq but not the dow. in fact, the dow is down .7 of a percent this month lest we gain more than .7 of a percent today, the dow will quietly end a four-month winning streak the s&p 500 is on pace for five straight monthly gains and the nasdaq heading for its fifth higher quarter in a row. that is the longest win streak since 9 positive quarters back in 2017 and 2018 technology certainly back in "vogue." let's check oil. crude is higher right now. you've got opec plus opec plus russia and others meeting tomorrow the expectation is that they will add or begin to add about
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500,000 to 1 million barrels a day back on the market starting in august. more with lima kroft wti up 35 seconds, 73.30 the top corporate stories. things that are top of the headlines. we'll go to christina with more. >> good morning, brian 18 companies are set to go public this week including clear, sentinel and legal zoom and krispy kreme didi pricing its ipo at the top of the range at 14 bucks a share. a market cap of $67 billion. microsoft and google are ending a six-year truce to prevent open warfare. the two companies had signed a pact back in 2015 to end a drawn
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out legal battle according to the financial times, the two did not renew the deal hip-hop artist meagan t. stallion is teaming up with a cash app for financial literacy. in the video posted to youtube and instagram the 2021 b.e.t. best female hip-hop artist talks about the importance of buying stocks, averaging and diversification. >> buying stocks a little at a time on a regular schedule can help grow your investments while limiting how much you're exposed to it's called dollar cost averaging. >> riding the waves. this isn't the first time megan has given back to her fans she sent cash payments to fans and in december she gave away free bitcoin
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>> buying the dips is good, we just need dips to buy. so far it's just been up, up and away but good investing advice there. we'll see you in a few minutes. >> thank you let's get back to the markets and your money markets are getting set to close out a winning first half of 2021 i said no dips here you go. so far this year the s&p 500 is up 14% the dow and nasdaq both up 12% a good first half of the year does historically bode well for the rest of the year whenever there's been a double digit gain in the first half of the year the dow and the s&p have never ended that year with an annual decline going all the way back to 1950 i feel like we just jinksed it
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joining us is chuck self if we decline the rest of the year, you and i are not to blame, my friend we just gave some crazy stat. >> it's never happened in the history of anything, which means -- i don't eastern want to say what it means. how do you see the second half of the year setting up >> i have an mba in statistics so i understand how these things work we think the second half of the year is still going to be probably pretty good i don't know if we'll have a double digit gain but we think there will be positive returns economic growth will continue to be strong. there will still be earnings gains. there still could be earnings gains next year and the markets should be discounting that.
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>> i know we like to find fancy, sh mansy reasons stocks go up. the reality is we don't have the number of companies we did 30 years ago. $5 trillion sitting around the world. if you had to make the bull case, is that it is it more money chasing fewer assets or is it something that's fancy schmancy. >> that part is what we haven't seen is the loan growth. what will happen is when does demand for loans have the cash certainly to lend it once they come out from that
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aspect, that would keep the economy going. >> let's talk more about the economy. when we look at earnings estimates and things that drive markets and valuations, is there any sector more well positioned than hoemt care? >> health care is one of the better positions and it's not had a run at other so-called value sectors and we are starting to see the sustainability of the pipeline that's there we think that, again, what's not really appreciated is because of the fast pace of the development of the vaccines that there might be a shortening of the time line to get new drugs and procedures
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and we have significantly underestimated the turn of the health care stocks i'm looking across the board on my screen and i'm seeing 20 times forward earnings while that's not spectacularly high, it does not appear to be cheap. i don't know what the e in price earnings looks like. maybe you do. >> i don't know for sure that's what investors are going to be focused on the pes are probably not going to rise too much further take the financial sector, for example, as i was saying before. if loan growth starts to accelerate, then the epart of that will increase and, again,
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we think this is an all-time near trend but you've got to be in sectors and in companies with strong balance sheets and can increase their dividend. >> sectors chuck self looking ahead to a strong second half of the year you've got the mba in statistics i do not we talked about the data and how good it is if something happens, not our fault, buddy we've got you. thank you very much. have a great day >> okay, you too all right. thank you very much. listen, we're up double digits first half of the year the market's never gone down i don't like to use the words again, but that guy, berkshire hathaway charlie munger with post pachb dem mick. plus, investors bullish
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outlook on the stock your morning rbi and good news, good news for jobs seekers across the country very busy hour it nourishes and strengthens my joints for the long term. osteo bi-flex, plus vitamin d for immune support. it's another day. and anything could happen. ost it could be the day you d welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. get ready for it all with an advanced network and managed services from comcast business. and get cybersecurity solutions that let you see everything on your network. plus an expert team looking ahead 24/7
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customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. time now for your big money movers three big stock stories curated for you.
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f story number one, fox corp settling a suit on sexual harassment it's the first of its kind against a major news network by a civil rights enforcement agency in america. stock number two, exxon mobil reports this morning that hedge fund engine number 1 spent nearly $12.5 million to win board seats on exxon mobil according to reporters, that was less than half of the budget allocated for that proxy fight stock number three, another biggie, berkshire hathaway charlie mong er said he's falle in love with zoom and thinks it's here to stay.
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video shares not reacting. pretty good endorsement. however you may be watching or listening to wex, we've got a lot more to do this morning. still on deck, time warner dropping the long-awaited trailer for the sopranos prequell have faith, seattle and port portland. today's big number $257.3 million that's the total net outflows that cryptocurrency market saw so far this month according to coin shares. ether reported the fourth straight week of outflows and the largest since 2015 is the same company we'll trust to bring us back together.
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cisco. the bridge to possible. i'm 53, but in my mind i'm still 35. that's why i take oste bi-flex to keep me moving the way i was made to, it nourishes and strengthens my joints for the long term. osteo bi-flex, plus vitamin d for immune support.
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year to date gainers and laggards in the s&p 500 but on a much more serious note, let's get a check on this morning's other top headlines including the latest on the condo collapse for any survivors. nbc's frances rivera
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>> so tough day after day, brian. good morning to you. the grueling search and rescue effort in surfside continues today. president biden and the first lady are flying there tomorrow to visit with families and first responders task force teams have pulled 3 million pounds of concrete rescuers are continuing to search layer by layer for survivors. yesterday one more victim was recovered bringing the total victims to 12. both coasts are soaring. in oregon and washington, more than 1100 people have been treated for heat related illnesses. a new report to true caller. 90% fell victim. the average reported loss was just about $500 per person adding up to a whopping $30
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billion lost over the past year. and we're getting our first look at the young tony soprano >> you can't prove it by me. he's got a d plus average. he doesn't apply himself, but he is smart the results tell us he's a leader >> he stars in the role his late father played for six seasons on the hbo his series "the sopranos." look at that dad is unbelievable how uncanny it is. can't wait to see when it comes to the back story of tony soprano. >> honestly, yeah. i'm going to watch i've never seen "the sopranos. i don't want someone to @ me
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>> you have until october. i would go back just binge the whole thing. it's summer and you have a lot going on hey, you've got to start from the beginning and then go back no spoilers there. >> start from the beginning and go back. i like the strategy. i can avoid my family, lock myself away. frances rivera, thank you very much >> you've got it. let's get to today's top trending stories that probably could have been one which includes a high flying nonfungible token auction, more dancing robots and the part of america that saw the most traffic last year and it does have something in common with the sopranos kristina back with those. >> i love these teases the nft for the original source code of the internet
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written between 1990 and 1991. the winner will receive an animated visualization of the code being written the highest bid stands at $3 million. the boston dynamics robots are dancing again this time with bts. hyundai released a video of the robot on spot challenging the k pop group to a danceoff. they say the video challenged the company to create new tools to program the robots especially break dancing. in 2020 the newark region had the worst traffic in the nation unseating los angeles which it held for almost 30 years. that's according to a study from texas's a&m institute. the pandemic and working from
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home had lass angeleans clocked in more. we've experienced the horrendous traffic even for me to get to the cnbc hq. >> certainly before the pandemic began the traffic was horrible a lot of cnbcors can't and work remotely they were out there every day pump it out on the roads making sure we were taken care of. shout out to them. sorry they have to deal with the traffic. if you thought it was bad then, now that everybody's bought a car and no one's taking mass transit, 2021, kristina will be the year of the traffic jam. how do you say that in quebecois. >> i don't know. i'm blanking let's talk about sopranos.
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>> le jam de traffic thank you very much. >> no. >> straight ahead, we are live in another traffic capitol washington, d.c., with a look at the real-world costs with president biden's bipartisan infrastructure plan. the first part of it the dow keeps us back down in touch. back after two minutes that's why manufacturers are going hybrid with ibm. with watson on a hybrid cloud factories can use ai to automate the little things so they can focus on the next big thing. businesses that want to innovate at scale are going with a smarter hybrid cloud using the technology and expertise of ibm.
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[ "me and you" by barry louis polisar ]
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♪ me and you just singing on the train ♪ ♪ me and you listening to the rain ♪ ♪ me and you we are the same ♪ ♪ me and you have all the fame we need ♪ ♪ indeed, you and me are we ♪ ♪ me and you singing in the park ♪ ♪ me and you, we're waiting for the dark ♪
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a big first half in the books. the market and your money in the books. what lies ahead. ahead, your tax dollars and debt dollars at work. new figures on the real cost and economic impact of that bipartisan infrastructure bill and is opec set to pump up production or are we headed for $5 a gallon gas? we are here to break down whether glooming demand will unleash more oil on the market it is wednesday, june 30th, the end of the first half of this year and this is worldwide exchange welcome back, everybody. good wednesday morning it's about 5:27 here on the east coast. thanks for joining us. i'm brian sullivan futures are down just a touch.
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not a lot. nasdaq futures down .1 of 1% overall as we round out the first half of the year dare we say random but interesting stats for you. it has been another solid month for the s&p and the nasdaq but not so much the dow. in fact, the dow is down .7 this month. unless we gain .7 of a percent today, not impossible but not looking like it. the dow will quietly end a four-month winning streak. in the meantime, the s&p 500 is on pace for five straight monthly gains and the nasdaq heading towards the fifth higher quarter in a row that is the longest win streak since the nasdaq had nine positive quarters going back to 2017 and 2018. we take a big drop to kind of blow either of those current win streaks. let's take a look at oil which
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set a big win streak the betts start to a year ever we talk about this because opec plus, opec plus russia and others meet tomorrow the expectation is opec will add about 500,000 to maybe up to 1 million barrels a day back on the market beginning in august we also estimate that lumber and the dramatic rise and fall of lumber lumber is actually down 13% year to date. it is set to notch, get this, its first negative half of a year since 2015. even worse for june, down 42%. for months we talked about how lumber had this incredible run
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now we're here saying lumber is now down year to date and may have its worst first half to the year in whatever many decades. this is commodities, folks when you have too much emand, not enough supply and then invert them. that is the rise and fall and why commodities, maybe cryptos too, by the way, i won't call them currencies. crypto commodities maybe why they have had that kind of rapid switch by the way, good news if you're trying to build a home, buy a home, build a deck or buy some trees. a major decision on the supreme court on evictions kristina back with more details. >> we have the supreme court refusing to lift a ban on evictions for people who have failed to pay some or all of their rent
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in a 5-4 vote the court is leaving the national moratorium in place he voted not to end the program because in part it is set to expire at the end of next month. kavanaugh added that the extra time will allow for additional and more orderly funds from congress for rent assistance. warren buffett is warning despite improving conditions, the potential impact is not over yet. he spoke to cnbc's becky quick last night. >> the economic impact has been this extremely uneven thing where i don't know how many, hundreds of thousands or millions of small businesses have been hurt in a terrible way. most of the big companies overwhelmingly are flat. it's not over in terms of the unpredictability and in terms of the economics, it's been very unpredictable but
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it's worked out better than people anticipated for most people and most businesses elon musk is prepared to spend up to $30 billion to keep the starlink satellite venture in orbit musk's projection is higher than the $10 billion for overall costs. starlink will provide global coverage it's aiming to have half a million users in a year up from the 70,000 musk said they signed two big telecom partnerships but he refused to name them the satellites for starlink are called dishy mcflat face they're about 500 bucks each >> that kind of goes this auction for boat names
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they wanted people in the u.k. to name a boat and everybody got together and said let's name it boaty mcboat face and ended up winning. i have a feeling this is an offshoot of that. >> you're probably right. >> thank you very much >> thank you. now to the very latest on the bipartisan infrastructure bill as president biden hits the road to taut job creating potential of that plan, a new study is examining the real economic impact of the package. ylan mui is joining us with more on the find willings what did the findings find >> brian, the white house is calling the bipartisan infrastructure framework the largest long-term investment of its kind in nearly a century but that new analysis finds the infrastructure plan won't
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generate any change by 2031. the $1.2 trillion in spending is spread out over the next eight years. in the meantime, the national debt are grow by 20% it will boost gdp by 1% in 2050. they will eventually reduce debt by .9% yesterday president biden characterized the proposal as a generational investment. >> this is good paying jobs. jobs not just in our bigger cities, along our coast, but in small towns across the country so families can build wealth and opportunity in rural home towns and don't have to leave. >> reporter: memories in
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washington are short lawmakers need to see a political payoff sooner than later. they want wait 30 years. back over to you. >> of course not a lot of it has to be made in the united states. we talked about renewable energies, windmills and building them here. now we're importing a lot of it. what are people saying about the debt right? jobs are great, manufacturing is great but 1 trillion bucks to the debt, what does that sort of do between us friends? >> reporter: you might ask that because congress has already spent trillions and trillions of dollars. what's another 1 trillion when you add on top of that one of the things penn charlton finds is the increase from the debt reduces the amount of economic benefit that we'll see from the infrastructure plan if they were completely offset or if they were able to find a
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more efficient way of paying for something like user fees, for example, that would actually increase the economic impact and make good on promises that lawmakers are making in terms of this being a way to improve the economy long term. when lawmakers are talking long term, we're not talking ten years, we're talking 20 or 30 years. >> and you have to also have the workers to do the stuff. create jobs but there has to be the employees there to do that as well. ylan mui, big new study. thank you. have a great day will they or won't they? that is the question when it comes to opec plus, the oil group meeting virtually tomorrow and the global markets are eagerly awaiting word whether opec, really the saudis, will start adding more production to the market the opec chatter is the group is likely to throw 500,000 plus barrels on the market beginning
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in august with the potential for more we are joined by helena kroft. demand is booming, inventories draining what is your expectation, best guest tomorrow >> reporter: it is always difficult. they love to throw us curveballs if you look at market fundamentals you would say the likely path is a modest increase, potentially 500, 1,000 additional barrels starting in august, but we just don't know will they look at covid variants and say let's roll it over we know the russians are pushing for a bigger increase and i would say your path to $80 would be if they just simply roll over the current cuts iranian barrels that we've been talking about, the potential to talk about relief from iran,
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that does not look like it's imminent if we do not get any increased output from opec, that is definitely ahead. >> inventories are draining, particularly in china. i think the demand estimates the base case for opec is 2 to 2.5 million barrels a day of added demand by the end of the year, iran, i think, could add, if the demand and delta variant doesn't completely hammer global growth, we're still looking at a tighter market by the end of the year. jts absolutely that is why there is all on opec crude. you have some of the iaa asking for more opec. this is an extremelyimportant meeting. again, we know this is supremely cautious but i think they're
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going to err on the side of doing a modest increase and then say they can make adjustments. they are meeting monthly now they could incrementally add barrels back into the market over the course of the back half of the year. >> you put out a note the other day, always a must read. i want to show a graphic from it because i e-mailed you i got the report i read it and i immediately e-mailed you and said are your numbers correct here you're like, you ding dong, of course they are. these were the fiscal break-even points for many opec nations you noted $350 for venezuela we're not showing that but these numbers, iraq, i ran they're not fiscal break even until 120, whatever, dollars a barrel how is that possible >> you have countries like iran that are under serious economic
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pressures. venezuela we didn't put it up there, venezuela has all of the social development indicators of a war zone their country has completely imploded and so the current price dynamics, we are certainly better saudi arabia, if you want to look at where current oil prices are now, they're approaching goldilocks prices. the uae can balance their budget in the mid 60s for opec power players, the current price dynamic absolutely works for them. >> we'll see what his royal highness does tomorrow in the virtual meeting. i will see you on that virtual meeting tomorrow locating opec. look forward to it. >> thank you we'll see if they add barrels to the market, folks otherwise, it could be up, up
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and away on prices and the price of gasoline even if you don't care what opec does. china's didi is making one of the most anticipated debuts this year. this could be the second leg for companies going public dow futures down 96. 'rba rhtft tch wee ckig aerhis.
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welcome back didi trading today the offering one of the most anticipated for a chinese company going public in america since alibaba back in 2014 for more now on didi's debut and what it could mean for the record breaking ipo market, we are joined by santos rio what are you anticipating from didi >> i am expecting a very good ipo debut. this is the largest ride share company. this is going to be a big day and but more than that, this is a company that's really executing very well. tremendous tailwind behind it. rapid organization going on. rise in the middle class and the
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restrictions and the density all of that tail wind helps the company and they are executing good and tremendous growth opportunity. >> obviously american investors are going to look at uber and say how is this different than uber this is a ride hailing company like uber. they're wanting to do more things, planning to do more things santosh how are they different how are they the same? >> i think it's more than uber that's very well funded. it is a global player. they're growing beyond that. only 2% is outside so i think they have got a tremendous demand out there uber is also great but this is bigger in terms of business and everything they are vertically integrated much more businesses, opti
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optionality to go into other businesses this is uber plus more they have very little competition, not because they're doing anything unfair, it's just that they out bid the others and they survive and spent a lot of money and established themselves beyond the years one and two where they dominate, there's tremendous competition out there. they need to grow there. there's no monopoly issue. i don't think the regulatory risk is that much. >> okay. because uber has hardly burned up the charts. it's going back to its ipo, santosh. we had this thing you might have heard about called the global pandemic and lockdowns uber has not made anybody any money. i don't know if there's any company in the world that has burned through more cash, losing billions in a quarter, than uber does didi have a path to
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profitability? >> yes they have a path to profitability think by in 2023 at the earliest or late 2022 they should be ebitda positive and based on my projections and numbers and based on many numbers. they are executing very well it's much different than uber. there are issues right hailing business is still in the infancy the penetration is low and the adoption is still low despite the popularity they still have a long way to go they still need to spend a lot to change minds. it's going to take time. there will be volatility in the stock. regulatory headwinds in the end, it's a long-term play near term, see a lot of volatility in the long term you need it in your portfolio
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it's a big cap play. it's a great way to participate in the second largest economy in the world. >> thinking in decades, not years. didi's big debut appreciate you coming on wex thank you. >> thank you >> you're very welcome. your morning rbi and why new numbers on the job market just blew our mind. also why we're asking for your help and if you have not already, follow our podcast, stitcher, apple, spotify platforms check us out every single people stuck in a traffic jam for the next year or two, you're going to want something to listen to dare we say it it's pretty good dow futures down 65. s&p off 15 we'll be right back.
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i'm 53, but in my mind i'm still 35. that's why i take oste bi-flex to keep me moving the way i was made to, it nourishes and strengthens my joints for the long term. osteo bi-flex, plus vitamin d for immune support.
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look at some of those year to date gainers. amex, chevron, goldman sachs more winners than losers the last day of the first half of 2021. my, how time flies. today's rbi is a follow-up to something we did yesterday the incredibly tight, red hot very good job market it's a good job market if you're looking for a job. if you are trying to find workers, pretty much the opposite but remember yesterday we told you that the percentage of people who say that jobs are, quote, pleasant at this full was 48.5% in may and we thought that was high that's why we talked about it. the june numbers came out yesterday. the percentage of americans that say the same thing is a stunning
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54.5%. think about that more than half the people surveyed by the conference board say that jobs are basically super easy to get. look at this random but hopefully interesting chart. the blue line, jobs easy to get. the orange line, the jobless rate as you can see, there we go. look at that big pandemic dislocation obviously. big drop in jobs big spike in jobless rates right now there is clearly the greatest mismatch between jobs, workers and open positions in at least 20 years if not ever and companies are not only having to pay workers more, which by the way is a good thing for the most part, but also get creative in finding workers. the job market spectacularly tight. so, america and the world, we need your help we're going to ask you to do
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something. send us any job ads that you see advertising something to get people to take a job we've seen signs for a four-day work week. $1,000 signing pope news whatever it is take a picture, send it to us and we're going to try maybe within the next couple of days to show a few of these help us out. this can be anywhere in the world, not just in the u.s tweet us @sullycnbc or @cnbcwex, "worldwide exchange. the job market blazing hot in america right now. well, let's stick with this theme and more and bring in our friend john stolfus, oppenheimer chief investment strategist. you don't have to comment on the job market but it goes to inflation, wage inflation. the president said recently just pay them more. that's fine. pay 25 bucks for a burger because the companies aren't going to eat this. they're going to pass it on to
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their customers 100% does this impact your inflation expectations thoughts on the fed and maybe even thoughts on the macro market >> you'd have to say, first of all, thanks for having me on, brian. we think without a doubt near term it's going to show up on the radar screen it's wage inflation. but the reality is it's not atypical of this type of environment when you're coming back from a deep recession as supply chains if they've been disrupted, if hiring process has been disrupted, you have a bit of a problem getting people back it happened in construction after the financial crisis i remember being in detroit at a dinner sitting next to a builder. i turned to him, i said, how are you doing? he said my biggest problem, he says, i cannot find enough construction workers because a lot of them left the business during the financial crisis. that was about 11 years ago.
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9 years ago, i'm sorry so when you look at that and you compare it to today, it's always disruptions as you reopen. >> and higher pay is a great thing. we want everyone to make as much money as they can, but companies don't eat it they pass it on unless they can't. and if they can't, that hurts their earnings and their cash flow, maybe multiples and could bring the market down. do you think wage inflation, john, is a good thing for stocks, a bad thing for stocks or kind of a sideline story for stocks >> i think it's a center right now. central story right now but it moves to the sidelines pretty quickly as the stimi checks basically don't happen, as you see a tightening in terms of unemployment benefits. i'm sitting at a burger king yesterday, two workers in construction were sitting talking while i was waiting for myb burgers, what did they say?
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i'm making $600 less a week because i'm back to work it was wild. so you have to figure depending on how good a person's stimi checks were, there was an opportunity. that's purely anecdotal. we've heard from people who work for us, millennials, they have a lot of friends still sitting by the sideline once people realize you have to work to make a living, we'll see this move forward. we have to remember we didn't have a lot of increase in wages for 12 years. >> that's right. >> we can live with this >> very quickly, john, john, very quickly before we let you go, do you think stocks end the year higher than they are now? >> yes, we believe they do we continue to like consumer discretionary, technology, financials and industrials it's a barbell we look for growth near value. it's working right now
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we'll adapt it as we go forward but we can't help to think you want to be broadly diversified >> optimistic longer term view good anecdotal stuff john stolzfus, home of the whopper. going to burger king, that's the headline of the segment. we appreciate your time. thank you very much. i'm more of a popeye's man myself that does it for us here on "worldwide exchange. we will see you tomorrow dow futures down 60 potsin "squawk" and the gang picking it up see you tomorrow take care. to work better together. save, spend, borrow, invest, and earn cash back rewards, all in one app. that's how you get your money right with sofi. dr. arnold t petsworth had an influx of new patients. so he used his american express business card, which offers spending power built for his business needs, to furnish a new exam room.
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good morning futures pointing to slightly lower open stocks are getting ready for the final day of the month june 30th. final day of the quarter and
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final day of the first half of the year meanwhile, the ipo rush. 18 companies preparing to go public today's headliner, ti chinese r hailing giant, didi. los angeles has lost the title of the worst city for traffic delays hard to believe. can you guess which city took the top spot i have some pretty good ideas. >> seattle. >> wednesday, june 30th, 2021. "squawk box" begins right now. good morning, everybody. welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen a

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